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Galaxy Gas: What it is, the risks and more
  + stars: | 2024-09-20 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +7 min
CNN —For some young people, a popular method for getting a quick high is by misusing laughing gas — and lately, that’s in the form of nitrous oxide from products sold by the company Galaxy Gas. (It’s worth noting that some social media videos tagged “Galaxy Gas” depict nitrous oxide products from other brands.) The unlawful misuse of nitrous oxide products poses serious health hazards, said a Galaxy Gas spokesperson in a statement. “Galaxy Gas products are for responsible culinary use only, and we are deeply concerned about the recent news reports and social media posts of individuals illegally misusing our products,” the company spokesperson added. Other risks include brain damage, anemia, nerve damage, paralysis, vitamin B12 deficiency and nitrous oxide dependency.
Persons: Gail Saltz, Saltz, ” TikTok, ” Saltz, “ It’s, it’s, Organizations: CNN, company Galaxy Gas, Weill Cornell Medical College, Cornell University, Presbyterian, Gas, Galaxy Gas Locations: Atlanta, New York, United States, United Kingdom, Britain —, Netherlands
"Aside from any initial noise in the market, Home Depot and Lowe's should keep grinding higher as all this comes together." AdvertisementFed Chairman Jerome Powell talked about the impact on the housing market in his remarks following Wednesday's announcement. "The housing market is in part frozen because of lock-in with low rates. "As rates come down, people will start to move more, and that's probably beginning to happen already." Additionally, Home Depot and Lowe's have taken great care to manage investor expectations through the slumping sales and slimmer profits over the past year.
Persons: , Mizuho, David Bellinger, Richard McPhail, Jerome Powell, don't, that's, Powell, Scot Ciccarelli, Max Rakhlenko, We're, Marvin Ellison, Ellison Organizations: Service, Business, Home Depot, Home, Truist Securities, TD Securities
Read previewFewer than 24 hours after bombshell allegations dropped about North Carolina Lieutenant Gov. Mark Robinson, Kamala Harris' campaign released an ad tying him to former President Donald Trump. The television blitz comes as Harris outspends Trump on advertising, particularly in battleground states like North Carolina. The disparity is particularly stark in battleground states such as North Carolina, where Harris has made inroads. The Trump, Harris, and Robinson campaigns did not immediately respond to a request for comment from Business Insider.
Persons: , Gov, Mark Robinson, Kamala Harris, Donald Trump, Harris outspends Trump, Robinson, Harris, he's, Trump, Walz, Vance, they're, scandalized Robinson, Martin Luther King, didn't, The Trump Organizations: Service, North Carolina, CNN, Business, Trump, Labor, Facebook, New York Times, Democratic National Committee, DNC, NBC News, YouTube Locations: North Carolina
What's Minneapolis' secret to fixing housing? Build more
  + stars: | 2024-09-20 | by ( Brian Cheung | ) www.cnbc.com   time to read: +3 min
The Currie Commons housing development under construction in the Harrison neighborhood of Minneapolis, Minnesota, US, on Thursday, July 20, 2023. We want to house five or six or eight or 25 families," said Minneapolis Mayor Jacob Frey, who has overseen the Minneapolis 2040 plan. Both former President Donald Trump and Vice President Kamala Harris have broadly promised to provide some support for first-time homebuyers, with the Harris campaign offering more details. The campaign broadly said Trump's housing plan involves freeing up federal land for housing and cutting regulations. The Currie Commons housing development under construction in the Harrison neighborhood of Minneapolis, Minnesota, US, on Thursday, July 20, 2023.
Persons: Ben Brewer, Minneapolis Mayor Jacob Frey, Donald Trump, Kamala Harris, Harris, Tim Walz, Karoline Leavitt Organizations: Currie, Bloomberg, Getty, National Association of Realtors, Minneapolis Mayor, Minnesota Gov, Trump, Ford Motor Co Locations: Harrison, Minneapolis , Minnesota, United States, Minnesota, Minneapolis, U.S, Saint Paul , Minnesota, The Minneapolis
We've put together everything you need to know about how to buy Indiana Fever vs. Connecticut Sun tickets for both confirmed and contingent games. Indiana Fever vs. Connecticut Sun scheduleThe Indiana Fever vs. Connecticut Sun Round 1 Playoffs schedule begins on September 22 in Connecticut. How to buy Indiana Fever vs. Connecticut Sun ticketsConnecticut Sun tickets for the first two games went on sale last week, and Indiana Fever tickets for the potential third game go on pre-sale today. How much are Indiana Fever vs. Connecticut Sun tickets? Tickets for the Indiana Fever vs. Connecticut Sun match-up vary depending on the date and location.
Persons: We've Organizations: Business, Indiana Fever, Connecticut Sun, Mohegan Sun Arena, Gainbridge Fieldhouse, Ticketmaster, Indiana Fever's Locations: Connecticut, Gainbridge, Indianapolis , Indiana, Indiana, Uncasville, Indianapolis
UK faces ultra-wealthy exodus amid non-dom tax changes
  + stars: | 2024-09-20 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK faces ultra-wealthy exodus amid non-dom tax changesCNBC's Karen Gilchrist explains how plans to abolish the U.K.'s non-dom tax concession could spark an exodus of the ultra-wealthy.
Persons: Karen Gilchrist
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Norma Field walks under power lines coming off of the nuclear plant on Three Mile Island (TMI), with the operational plant run by Exelon Generation, in Middletown, Pennsylvania. Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense power needs of the tech sector as they build out data centers to support artificial intelligence. Constellation described the agreement with Microsoft as the largest power purchase agreement that the nuclear plant operator has ever signed. Three Mile Island would be the second nuclear plant to restart operations in U.S. history. The Palisades nuclear plant in Michigan would be the first, with that plant expected to return to service at the end of 2025.
Persons: Norma Field, Constellation, Joe Dominguez, Goldman Sachs Organizations: Exelon, Constellation Energy, Microsoft, Constellation, Nuclear Regulatory Commission, Clean Energy Center, Rystad Energy, Turkey . Tech, Amazon Web Services, Talen Energy, Susquehanna, Oracle Locations: Middletown , Pennsylvania, Turkey, Pennsylvania, Michigan
Small-cap stocks are poised for a significant rally, Goldman Sachs' Greg Tuorto said. The portfolio manager pointed to lower interest rates and a promising economic backdrop for small-caps. The presidential election could also be a positive catalyst, leading to a catch-up rally, he said. That's according to Greg Tuorto, a portfolio manager at Goldman Sachs Asset Management who says he sees a big "catch-up" rally coming for small-cap stocks. AdvertisementThe Russell 2000 surged 2% after the Fed cut interest rates on Wednesday, with the small-cap index up 12% year-to-date.
Persons: Goldman Sachs, Greg Tuorto, , Tuorto, it's, Fundstrat's Tom Lee Organizations: Service, Goldman Sachs, Management, CNBC, Atlanta Fed
By 2017, he decided he had to pivot and elected to give stock trading a try. "You're going to panic-sell at the lows; you're going to panic-buy at the highs. You're going to trade when the stock is zigging and zagging and get chopped up. Related storiesOn a chart, it can often look like a wide space between two candles after the stock's price opens significantly higher than where it was in premarket hours. AdvertisementOn January 19, during pre-market hours, the stock's price spiked, causing a gap up on the opening.
Persons: Christian Flanders, Flanders, Norman Zadeh, it's Organizations: Service, Business, US, IT Solutions Locations: Flanders, he's
Lot of alpha opportunities under the hood in China A-shares: GS
  + stars: | 2024-09-20 | 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 EmailPlenty of alpha opportunities under the hood; stay invested in China A-shares: Goldman SachsTimothy Moe of Goldman Sachs highlights short-term opportunities in H-shares and long-term potential in A-shares as China’s structural transformation takes shape, but advises a selective approach within these markets.
Persons: Goldman Sachs Timothy Moe, Goldman Sachs Locations: China
Read previewIf you'd asked me just a year ago what I thought of cruises, my answer would have been a resounding "meh." One highlight was the high-flying acrobatics show that I still can't believe happened on a cruise ship. The kids' club was a massive perk, tooAs befitting the grand scale of this ship, Wonder of the Seas' kids' club was far more than just a themed room with a babysitter. My little one loved the kids' club so much that she begged for more time there whenever we went to pick her up. I'm a fan of cruises now — and I think the bigger the ship, the betterI loved how many activities the cruise ship had to offer.
Persons: , you'd, we'd, Brittany Chang, Taylor Swift, I'd Organizations: Service, Business, Royal Locations: Brittany, Royal Caribbean
The news comes after a major report earlier this year revealed the Navy's biggest projects, including new Virginia-class submarines, were facing severe delays of up to three years. Absent today's intervention, I have zero confidence that Navy shipbuilding will get back on track." The Navy attributed shipbuilding delays across its top programs to COVID-19's impact on the workforce and supply chain. "Somehow, the Navy continues to assert that commitments to INDOPACOM and our AUKUS partners remain on track" despite Virginia-class delays, he said. Virginia-class submarines are considered vital to the US' role in deterring and, if necessary, fighting China.
Persons: , Ken Calvert, Calvert, Carlos Del Toro, Christopher Kastner, Politico, Del Toro Organizations: Service, Business, Navy, California Republican, General Dynamics Corp, Huntington Ingalls Industries, U.S . Navy, Shipyard, White, DOD, Pentagon, US Navy Public Affairs, Columbia, US Navy, US, Royal Australian Navy Locations: Virginia, California, Columbia, China, Australia
Read previewThe chip giant Intel could be at a crossroads as it figures out its next steps amid its declining valuation and struggling business. AdvertisementThe foundry side of Intel's business could also be in question, putting its billions in CHIPS and Science Act funding in jeopardy. Related storiesPreviously, Qualcomm had explored buying pieces of Intel's design business, Reuters reported. Intel's foundries would be expected to compete more against companies like GlobalFoundries, TSMC, and Samsung. The expanded collaboration between the two tech companies helps give more confidence about Intel capturing the AI boom, Rasgon said.
Persons: , Pat Gelsinger, Biden, Logan Purk, Edward Jones, Purk, Dan Morgan, There's, Intel's, Morgan, Lisa Su's, Stacy Rasgon, Rasgon Organizations: Service, Intel, Qualcomm, Wall Street, Amazon, Business, Biden Administration, Reuters, Samsung, Nvidia, AMD, Bernstein Research, Amazon Gelsinger, Amazon Web Services, Apple Locations: American, Synovus, Abu Dhabi
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs: Current valuations make Korea an attractive opportunity for investorsTimothy Moe of Goldman Sachs believes it’s only a matter of time before shareholders benefit from Korea's Value Up Program.
Persons: Goldman Sachs, Timothy Moe, it’s Locations: Korea
Earth is about to have a temporary ‘mini-moon’
  + stars: | 2024-09-20 | by ( Ashley Strickland | ) edition.cnn.com   time to read: +6 min
But as a mini-moon, Asteroid 2024 PT5 isn’t in any danger of colliding with Earth now or over the next few decades, de la Fuente Marcos said. Asteroid 2020 CD3 is considered a long-capture mini-moon, while the newly detected Asteroid 2024 PT5 is a short-capture one. Short mini-moon events can occur several times per decade, but long mini-moon events are rare, and only occur every 10 or 20 years, de la Fuente Marcos said. “In order to become a mini-moon, an incoming body has to approach Earth slowly at close range,” de la Fuente Marcos said. After 56.6 days, the sun’s gravitational pull will bring Asteroid 2024 PT5 back into its normal orbit.
Persons: PT5, Carlos de la Fuente Marcos, la Fuente Marcos, orbiters, flybys, It’s, , Robert Jedicke, ” Jedicke, Jedicke, Organizations: CNN, American Astronomical Society, Astronomers, NASA, Complutense University of Madrid, University of Hawaii’s Institute for Astronomy, Gran, Canarias, Telescope Locations: South Africa, Chelyabinsk, Russia, Hiroshima, Japan, Mars, Canary, Earth
Read previewIf you're a pop-music fan who spends time on the internet, you'll probably see a slew of negative reviews for Katy Perry's new album, "143." Lester Cohen/WireImageEven if you set aside the allegations against Dr. Luke, "143" doesn't make a strong case for his input. Without them, Dr. Luke and his new associates have created a pop vacuum, completely devoid of heart and personality. "Gimme Gimme," the second track featuring 21 Savage, immediately recalls the plinky snoozefest of Justin Bieber's "Changes," particularly the Quavo duet "Intentions." Final grade: 1.8/10Katy Perry's new album "143" consists of 11 standard tracks.
Persons: , you'll, Katy Perry's, Perry, they'd, Luke, Rocco Valdes —, Dr, hadn't, Kesha, countersued, Alex Cooper, Valdes, Aaron Joseph, Vaughn Oliver, Theron Thomas, Luke's, Kemosabe signees, Perry didn't, Katy Perry, Cirkut, Lester Cohen, Max Martin, Benny Blanco, Savage, Justin Bieber's, Luke disciple Kim Petras, Kylie Minogue knockoff, JID, who's, We're, syrupy, Kim Petras Organizations: Service, Business, Kemosabe Records, Capitol Records, Capitol Records Worth, Press Locations: California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is definitely taking their dual mandate seriously here, says GenTrust's Mimi DuffMimi Duff, GenTrust managing director, joins 'Squawk Box' to discuss the Fed's interest rate decision this week, what was behind the central bank's decision to cut by 50 basis points, state of the economy, and more.
Persons: Mimi Duff Mimi Duff, GenTrust
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't see an unwinding in Yuan carry trade, 'worst is possibly over' for its offshore currencyChidu Narayanan of Wells Fargo Securities shares three reasons why he does not see the Yuan carry trade unwinding and says that USD/JPY will remain "rangebound" around 139-145 in the near term.
Persons: Yuan, Narayanan Organizations: Wells Fargo Securities Locations: Wells Fargo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Commerce Sec. Gutierrez on possible U.S. port strikes: Union is totally overplaying their handFormer Commerce Secretary Carlos Gutierrez joins 'Squawk Box' to discuss possible U.S. port strikes over labor negotiations, potential impact of port shutdowns on the U.S. economy and consumers, and more.
Persons: Gutierrez, Carlos Gutierrez Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTurkey central bank keeping rates on hold was 'the right call,' East Capital Group saysEmre Akcakmak, head of frontier markets at East Capital Group, discusses the Turkish central bank's decision to keep its main interest rate steady at 50%.
Persons: Emre Akcakmak Organizations: East Capital Group Locations: Turkey, Turkish
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNio CEO says its Onvo and Firefly brands are targeting a 'broader, global market'William Li, CEO of the Chinese electric vehicle brand, outlines the company's rationale for rolling out Onvo and Firefly.
Persons: William Li
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United Airlines says Taylor Swift is boosting its weekend ticket demand. Swift's smash-hit 'Eras Tour' has injected billions into the economy. Go to newsletter preferences Thanks for signing up! AdvertisementNeed more proof of Taylor Swift's seismic economic sway? United Airlines' chief commercial officer Andrew Nocella said there is at least a 25% increase in ticket demand during weekend stops on Swift's "Eras Tour," Bloomberg reports.
Persons: Taylor Swift, , Taylor, Andrew Nocella, Nocella Organizations: Airlines, Service, United Airlines, Bloomberg, Business
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Persons: , Jerome Powell Organizations: Business, Service
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