DIRS.INFO The most relevant business & tech news

☆ Max Verstappen mounts incredible comeback at Sao Paulo GP to all but clinch F1 championship
▼ + stars: | 2024-11-04 | by ( Jamie Barton | ) edition.cnn.com time to read: +3 min

CNN —Max Verstappen produced one of the all-time wet weather drives at the Sao Paulo Grand Prix on Sunday, climbing from 17th to first to all but seal his fourth consecutive F1 drivers’ championship title. In doing so, he extended his lead in the title race over challenger Lando Norris, who started in pole but finished sixth. Verstappen looks on during the Sao Paulo Grand Prix. Verstappen made a rapid start, moving up to 11th after just one lap, and to sixth by lap 11. Rain kicks up off the back of Verstappen's car as he competes during the Sao Paulo Grand Prix.

Persons: Max Verstappen, Red Bull, Lando Norris, Verstappen, Alessio Morgese, “, ” Norris, ”, It’s, it’s, Norris, Lance, Clive Mason, George Russell, Franco Colapinto, Esteban Ocon, Pierre Gasly Organizations: CNN, Sao Paulo, Sao Paulo Grand Prix, McLaren, AP, Mercedes, Red Bull Locations: Sao Paulo Grand, Brazil, Las Vegas, Ocon

☆ Tech partnerships with power companies for AI in doubt after government rejects key Amazon agreement
▼ + stars: | 2024-11-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Technology companies' push to directly power artificial intelligence with nuclear plants hit a major roadblock, after a federal regulator rejected a request to increase power for an Amazon data center. Constellation Energy and Vistra Corp. tumbled nearly 8% and more than 3%, respectively, in sympathy. The Amazon data center campus can still use 300 megawatts of power from the Susquehanna nuclear plant, according to Talen. The FERC decision does not impact Constellation's plans to restart the Three Mile Island nuclear plant in 2028 through a power purchase agreement with Microsoft . Tech companies are increasingly turning to nuclear power because it is reliable and does not emit carbon dioxide emissions.

Persons: Vistra, Talen, Mark Christie Organizations: Federal Energy Regulatory Commission, Susquehanna, Independent, Talen Energy, Amazon, Constellation Energy, Vistra Corp, Microsoft, Tech, Nvidia, Constellation Locations: Pennsylvania, Susquehanna, Ohio, New Jersey, Talen

American policy is at a crossroads, but that won’t necessarily translate to a turning point in peace negotiations, analysts say. That’s because nothing suggests Russia is ready to come to the table, regardless of who ends up in the White House. The scope of the war is also too large for a simple negotiation between Moscow and Kyiv, experts say. Attritional war playing into Putin’s handsUkraine is already outmanned, and Putin appears ready to accept a high number of casualties. European nations are scrambling to increase ammunition production for Ukraine to prevent backsliding, in the event that US support drops off.

Persons: Volodymyr Zelensky’s, ”, Kamala Harris, Biden, Donald Trump, JD Vance, Trump, Thomas Graham, Putin, ” Graham, … Putin, John Lough, what’s, ” Lough, Oleh Shiryaev, Ivan Antypenko, that’s, “, Vitaliy Milovidov, don’t, Volodymyr Zelensky, Micah Garen, Harris, Zelensky Organizations: CNN, Council, Foreign Relations, NATO, West, Eurasia Program, Ukrainian Armed Forces, Separate Assault, Reuters, Security Service, Ukraine’s, National Security Council, 15th Brigade National Guard, Russian, Nordic Locations: Russia, Kyiv, United States, Ukraine, Russian, Hungary, Slovakia, Moscow, London, China, Beijing, Kursk, Ukraine’s Zaporizhzhia, Zaporizhzhia, Donetsk, Iceland, ” Chatham, Bucha

☆ I did a remote internship while also side hustling at a national park. I worked all day but lived in a beautiful place.
▼ + stars: | 2024-11-03 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

College student Rebecca Bergmaier worked at the Grand Canyon while managing a remote internship. Bergmaier said she'd recommend working in a national park for the summer to other college students. I was looking for something in my dream park, Yellowstone National Park, which I hadn't been to yet. I would just set up my computer and do my internship work from there. I would definitely recommend other students look into spending a summer at national park.

Persons: Rebecca Bergmaier, Bergmaier, she'd, —, You'd, I'd, There's, It's, it's Organizations: Service, Temple University, Xanterra Locations: Philadelphia, Pennsylvania, Yellowstone, Niagara, Arizona, Sedona, There's, East Coast

☆ Roam electric motorcycle completes solar-powered 6,000-kilometer journey through Africa
▼ + stars: | 2024-10-31 | by ( Nell Lewis | ) edition.cnn.com time to read: +7 min

CNN —An electric motorcycle, made by Swedish-Kenyan manufacturer Roam completed a 6,000-kilometer (3,700-mile) journey from Nairobi, Kenya, to Stellenbosch, South Africa, in 17 days, using only solar power. “(We wanted) to break a lot of boundaries on how traversing through sub-Saharan Africa is possible without pre-installed charging infrastructure,” Masa Kituyi, Roam product owner and one of the riders on the expedition, tells CNN. However, he insists that this mammoth journey would still be possible for people without a solar support car. Lewis SeymourAccelerating marketThe journey was a collaborative effort between Roam and Stellenbosch University, which launched an Electric Mobility Lab this month, dedicated to advancing sustainable transport solutions. Low operating costs are a key driver, analysts from Mordor told CNN in an email: “Electricity is generally cheaper than gasoline, and electric motorcycles have fewer mechanical parts.

Persons: Masa, Masa Kituyi, Lewis Seymour Kituyi, Stephan Lacock, ”, he’s, Lewis Seymour, Rwanda’s Ampersand, Spiro Organizations: CNN, Stellenbosch University, Electric Mobility, Intelligence Locations: Swedish, Kenyan, Nairobi, Kenya, Stellenbosch, South Africa, Africa, Tanzania, Malawi, Zambia, Botswana, Victoria Falls, Chobe, China, Rwanda, Benin, Togo, Uganda, Nigeria, EVs

☆ What Candidates in Tight House Races Are Saying About Abortion
▼ + stars: | 2024-10-31 | by ( Allison Mccann | Vivian Li | ) www.nytimes.com time to read: +10 min

At least a half-dozen Republican candidates have put out direct-to-camera ads declaring their opposition to a federal abortion ban. Anthony D’Esposito Republican, N.Y. 4 Mike Lawler Republican, N.Y. 17 Marc Molinaro Republican, N.Y. 19 Joe Kent Republican, Wash. 3 Michelle Steel Republican, C.A. What Republican candidates are saying about abortion “ I do not support a federal abortion ban. What Democratic candidates are saying about abortion “ Abortion is health care. position Rep. position Alaska At‑Large Alaska At‑Large Ariz. 1 Ariz. 1 Ariz. 6 Ariz. 6 Calif. 13 Calif. 13 Calif. 22 Calif. 22 Calif. 27 Calif. 27 Calif. 41 Calif. 41 Calif. 45 Calif. 45 Colo. 8 Colo. 8 Iowa 1 Iowa 1 Iowa 3 Iowa 3 Maine 2 Maine 2 Mich. 7 Mich. 7 Mich. 8 Mich. 8 Neb.

Persons: Roe, Wade, it’s, Josh Riley, “, Marc Molinaro, Kamala Harris, Anthony D’Esposito, Mike Lawler, Joe Kent, Michelle Steel, Juan Ciscomani, Court’s Dobbs, ”, Will Reinert, ’, Will Rollins, Lindsey Graham, Jessica Arons, Don Bacon of Nebraska, Dobbs, ” David Valadao, ” Don Bacon, ” Gabe Evans, Donald J, Trump, House Republicans —, Scott Perry, Ken Calvert, David Valadao, California —, Mariannette Miller, Meeks, Rob Bresnahan Jr, ” Gabe Vasquez, ” Rudy Salas, ” Tony Vargas, Susan B, Anthony Pro, —, Jared Golden, Golden Organizations: Republicans, Democratic, Republican, Anthony D’Esposito Republican, Mike Lawler Republican, Marc Molinaro Republican, Joe Kent Republican, Michelle Steel Republican, Juan Ciscomani Republican, Senate, National Republican Congressional, The New York Times, Times, American Civil Liberties Union, ” David Valadao Republican, ” Don Bacon Republican, U.S, Supreme, ” Gabe Evans Republican, Colo, House Republicans, Pennsylvania’s, Iowa Republican, America, District, New York Times, ., Pa Locations: New York’s, Washington, California, New York, Calif, Iowa, Pennsylvania’s 8th, Mexican, N.M, Neb, Maine’s, Maine, Alaska, ‑, Mich, Ohio, Va

☆ Hunkering in a car. Belongings washed away. Natural disasters leave people experiencing homelessness with few options
▼ + stars: | 2024-10-31 | by ( Taylor Galgano | ) edition.cnn.com time to read: +8 min

CNN —Ahead of Hurricane Milton, many families in Florida were hunkering down in their homes or packing up their belongings to evacuate. She said she tried to get into multiple hurricane shelters, but the ones nearby were all full, and others were five hours away. “You can’t get to any of the hurricane shelters if you have a car that barely drives and you have no gas money to put in it,” said Jessica. “So, it’s just like you’re stuck with your fingers crossed with two children.”Unfortunately, Jessica’s experience during Hurricane Milton was not unique. Angels of Hope Outreach Ministries captures an encampment a few days after Hurricane Milton in St. Lucie County.

Persons: Jessica, I’m, ”, Billie Eilish, “, Hurricane Milton, David, Kelly Long, David Long, Milton, Hurricane Helene, Mike DeSerio, Helene –, Helene, Donald Whitehead, ” Whitehead, ” Mary Frances Kenion, Lucie County, Christina Haney Reagan’s, Reagan, Reagan’s, ” Reagan, haven’t, Linda King, King, she’s, ” King, don’t Organizations: CNN, Facebook, Hope Outreach Ministries, National Coalition for, Training, National Alliance, Homelessness, Hope Outreach, Asheville Locations: Hurricane Milton, Florida, Hurricane, North Carolina, Buncombe County, County, Asheville , North Carolina, Asheville, St, Lucie, Helene

☆ Greatest player ever? After Shohei Ohtani’s first World Series title, there’s a ‘legitimate argument’
▼ + stars: | 2024-10-31 | by ( Rustin Dodd | ) www.nytimes.com time to read: +8 min

(I’m) extremely honored to be a part of this.”On the field, Ohtani’s first World Series had not gone quite to plan. “I think there’s a legitimate argument that he’s the greatest player to ever play the game,” Friedman said. The case is also historical: The World Series has been played for more than a century. And somewhere was Freddie Freeman, the World Series MVP and two-time champ. “Not just technically, but also my professionalism.”He was, at last, a World Series champion.

Persons: Shohei Ohtani, Takashi Harada, Hiroshi Sasaki, Sasaki, Harada, Ohtani, ”, ” Ohtani, Hanamake, Tommy John, Kendrick Lamar, Andrew Friedman, Mark Walter, Walter, Friedman, “, ” Friedman, ’, Kiyoshi Mio, Dave Roberts, Walker Buehler, Albert Pujols, Alex Rodriguez, Stan Musial, Yogi Berra, Mickey Mantle, Mike Schmidt, Roy Campanella, Jimmie Foxx, ” Roberts, Stan Kasten, “ We’re Jackie, Sandy, We’re Fernando, Mookie Betts, Freddie Freeman, Yoshinobu Yamamoto, Betts, Freeman, Roberts, “ I’ve, that’s, Mike Lawrence Organizations: Hanamake, High School, Nippon Professional Baseball, Los Angeles Angels, Dodgers, Los Angeles Dodgers, New York Yankees, Yankee, ” Dodgers, Major, Baseball, of Famers, Dodger Locations: Japan, Hanamake Higashi, Iwate Prefecture, Los Angeles, New York, Hanamake

☆ Beaten-up Nextracker provides investors a reason to believe. But timing is key here
▼ + stars: | 2024-10-31 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Nextracker lost around 32% of its value in between its August earnings report and Wednesday's close — a frustrating decline. It's too early to act, given the results of next week's contests could move shares of Nextracker and its peers considerably. "We were pleasantly surprised and gratified that this was the best solar earnings we've seen this quarter," Jim Cramer said Thursday. Nextracker Why we own it: Nextracker makes industry-leading tracking technology, which enables large-scale solar panel installations to follow the sun's movement and increase their power generation. Guidance Nextracker reaffirmed its fiscal 2025 guidance for revenue while upping its outlook for a pair of profitability metrics.

Persons: Nextracker, Jim Cramer, We're, Howard Wenger, Chuck Boynton, Jim Cramer's, Jim, Peter Cade Organizations: NXT, Club, Mizuho Securities, CNBC, Stone Locations: Nextracker

☆ My daughter started trick-or-treating without adults when she was 6. We wanted to give her the independence we grew up with.
▼ + stars: | 2024-10-30 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . My daughter, Julia, was 6 when she went trick-or-treating for the first time without me or my husband, Troy, on Halloween 2021. Eskridge with her daughter, Julia, then 6, at a neighborhood Halloween party in 2021. In 2022, Julia went trick-or-treating with two friends, one 7 and the other 8. The parent of the 7-year-old wanted to tag along, and although she was a bit disappointed, Julia went with the flow.

Persons: Kay Eskridge, —, Julia, Troy, Jonetta, We'd, I'd, we'd, Nobody, Miss Dee, I've, we're, She'll Organizations: Service, Child Protection Services, Business Locations: Louisville , Kentucky, Troy

The comedian who let loose a series of racist jokes, some about Puerto Rico, at former President Donald Trump’s Madison Square Garden rally on Sunday night workshopped the material the night before at a local comedy club. I love Puerto Rico and vacation there." There, Puerto Rican voters stand to be a deciding electorate. More than half of the nearly 580,000 eligible Latino voters in Pennsylvania are of Puerto Rican descent. The Republican Party of Pennsylvania is leading efforts to engage Latino and Puerto Rican voters in the state.

Persons: Donald Trump’s, Tony Hinchcliffe, Hinchcliffe, Trump, Vianca Rodríguez, Danielle Alvarez’s, ” Hinchcliffe, Hurricane Maria, Rafael Collazo, Puerto Ricans, Kamala Harris, Harris, Collazo, ”, Bunny, Marc Anthony, Trump “, Maria, “, Donald Trump, Peter W, Stevenson, Jennifer Lopez, Ricky Martin, Lin, Manuel Miranda, “ Despacito, Luis Fonsi, María Elvira Salazar, Sen, Rick Scott, Jenniffer González Organizations: New, Trump, NBC, Noticias Telemundo, Republican National Committee, Puerto Rico, Hurricane, Puerto Rican, Puerto Ricans, Mexican, Puerto, Reading, of Housing, Urban Development Office, Madison, Washington, Getty, Michigan, Latino, Politics Institute, UCLA, Republican Party of Pennsylvania, Republican Party, GOP Locations: Puerto Rico, New York City, Madison, Spanish, Puerto, Puerto Rican, U.S, Pennsylvania, Philadelphia, New York, America

WASHINGTON — Vice President Kamala Harris’ campaign is seizing on racist comments made by an ally of Donald Trump this weekend about Puerto Ricans to launch a new digital ad targeting Latino voters that argues they “deserve better” than what the former president has to offer. Beyond Pennsylvania, there are sizable Puerto Rican populations in North Carolina, Wisconsin and Michigan as well, where the race could be determined by mere margins. The Trump campaign attempted to distance itself from the remarks and some high-profile Republicans quickly rebuked them. Before Trump's event, Harris had rolled out her economic proposals for the Puerto Rican community during stops in Philadelphia, including at one Puerto Rican restaurant. The Harris campaign posted a video summarizing the policy, which was later shared on Instagram by Puerto Rican superstars like Bad Bunny, Jennifer Lopez, Ricky Martin and Luis Fonzi.

Persons: WASHINGTON, Kamala Harris ’, Donald Trump, Tony Hinchcliffe, Harris, Puerto Rico ”, Hurricane Maria, “, ” Harris, Trump, Jennifer Lopez, Ricky Martin, Luis Fonzi Organizations: Puerto Ricans, YouTube, Hulu, NBC News ., El Nuevo Dia, Trump, Puerto, Puerto Rican Locations: Puerto, Puerto Rico, Trump’s, NBC News . Pennsylvania, U.S, Pennsylvania, North Carolina , Wisconsin, Michigan, El Nuevo, Puerto Rican, Philadelphia, Instagram

HALCHITA, Utah — After a five-year wait, Lorraine Black and Ricky Gillis heard the rumblings of an electrical crew reach their home on the sprawling Navajo Nation. In five days’ time, their home would be connected to the power grid, replacing their reliance on a few solar panels and propane lanterns. Some rely on solar panels or generators, which can be patchy, and others have no electricity whatsoever. Gillis and Black filed an application to connect their home back in 2019. But when the coronavirus pandemic started ravaging the tribe and everything besides essential services was shut down on the reservation, it further stalled the process.

Persons: Lorraine Black, Ricky Gillis, Gillis, “, ” Gillis, Black Locations: HALCHITA, Utah, Navajo, Arizona , New Mexico

☆ Germany's government is making life more difficult for solar farms that it often has to subsidize
▼ + stars: | 2024-10-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

A new law proposed by Germany will limit which solar producers are reimbursed when energy prices fall. The outlet cited fresh plans to restrict which producers will receive subsidies when energy falls below a fixed price. The government has previously estimated that German renewable subsidies would reach $21.6 billion this year. That's as the country's solar buildout has brought so much renewable energy online that wholesale power prices have frequently fallen below zero. AdvertisementMeanwhile, analysts have noted this year that supplementary investments in battery technology and the electric grid are needed if renewable energy is to escape negative pricing.

Persons: That's Organizations: Service, Bloomberg Locations: Germany, Europe, Ukraine

☆ Bad Bunny shows support for Harris after Tony Hinchcliffe makes offensive comment about Puerto Rico at Trump rally
▼ + stars: | 2024-10-27 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +4 min

Benito Antonio Martínez Ocasio, known as Bad Bunny, shared the campaign clip to his more than 45 million followers on Instagram. Bad Bunny’s post Sunday was the first indication of support from the artist as the Harris campaign tries to shore up celebrity endorsements. And it came as outrage built over remarks made by Tony Hinchcliffe, a comedian and podcast host, assailing Puerto Rico at Trump’s rally in Madison Square Garden. A representative for Bad Bunny told CNN that his repost of Harris’ video on Instagram was “not an endorsement,” but that he is “supporting” Harris. “Benito’s political focus has always been on Puerto Rico,” his representative told CNN.

Persons: Bad Bunny, Kamala Harris, Donald Trump’s, Harris, Benito Antonio Martínez Ocasio, “, Donald Trump, ” Harris, Hurricane Maria, —, Irma, Trump, Tony Hinchcliffe, ”, Bad, Jennifer Lopez, Ricky Martin, Despacito, Luis Fonsi, Puerto, ” Fonsi, Freddy, I’m, CNN’s Elizabeth Wagmeister, Max Rego Organizations: CNN, Puerto, Trump, Puerto Ricans, Trump’s, Puerto Rican, Tony’s Locations: Puerto Rican, York, Pennsylvania, Puerto Rico, Hurricane, Puerto Rica, Madison Square, Philadelphia, Puerto

☆ Andrew Webber's forever war
▼ + stars: | 2024-10-27 | by ( Sam Fellman | Ryan Pickrell | ) www.businessinsider.com time to read: +38 min

Like others in Chosen Company, Webber had been drawn to Ukraine for reasons he couldn't quite explain. AdvertisementNow, as Webber and his fellow members of Chosen Company got acquainted in the bar, uncertainty hung over the gathering. One showed an assault team clearing a World War I-style bunker, using live rounds. AdvertisementCats are everywhere on the front lines in Ukraine; Webber rescued one from a building under fire. "It seemed like he had stuff he was working on," says O'Leary, the CO of Chosen Company.

Persons: Andrew Webber, Webber chatted, he'd, Webber, Vera, Gwen, DeeDee, He'd, Jovelle Tamayo, she'd, I'm, hadn't, Rhodesian Bush, Dee Dee, David Roller, Sweeney, Tom Mader, Mader, vomited, patting, Andrew, Matthew James When Webber, wasn't, Karla Stephens, Karla, He's, Dubs, would've, Ryan O'Leary, Thomas Waszak, Elizabeth Gil, Fenwick, —, Sayed Zuhoor, Hilarie Atkisson, who's, Joe, O'Leary, Webber wasn't, marveled, Tango, Pervomaiske, Chosen, Wayne Hallatt, Hallatt, Thomas Waszak Wearing, wouldn't, Delta, Lance Lawrence, Lawrence, CeeBee, it's, Webber couldn't, we're, Waszak, Nichole, he's, Sam Fellman, Ryan Pickrell Organizations: White Sox, Chosen Company, Army, Company, corgi, Chosen, French Foreign, Rhodesian, Ranger School, intel, Operating, Taliban, Motorized Infantry Brigade, LinkedIn, Northwestern, Fenwick & West, Big Law, United, Fenwick, Ranger, Volunteers, Delta, AK, 173rd Airborne Brigade, Webber, Business Locations: Ukrainian, Dnipro, Iraq, Afghanistan, Ukraine, America, Seattle, Bakhmut, Washington, West Point, West, Georgia, Afghanistan's, Taliban, Kandahar, Fort Benning, Russian, Donetsk, Pervomaiske, Kabul, United States, Afghan, Russia, German, Delta, Kyiv

☆ Fact check: 32 false claims Trump made to Joe Rogan
▼ + stars: | 2024-10-27 | by ( Daniel Dale | ) edition.cnn.com time to read: +20 min

Here is a fact check of 32 false claims Trump made to Rogan. The number of migrants: Trump claimed that at least “21 million” people have illegally crossed the border during the Biden administration. Trump’s Las Vegas crowd size: In his latest exaggeration about crowd sizes, Trump claimed there were “29,000 people” at his event the night prior. Foreign policyTrump and ISIS: Repeating one of his regular false claims, Trump said, “We defeated ISIS in record time. (This appeared to be an inadvertent mistake by Trump, but his claim was still inaccurate, and Trump has repeatedly bashed Biden over such mix-ups.)

Persons: Donald Trump, Joe Rogan, Kamala Harris, Trump, Rogan, Biden, Harris, Alejandro Mayorkas, Joe Biden, “, Hillary Clinton, Virginia, Carter, Jimmy Carter, ” Trump, ”, Tom Sofield, ” Harris, Obama, Kim Jong, Kim Jong Un, Barack Obama, Kim, Trump, “ Nobody, ’, FactCheck.org, Gavin Newsom, ’ ” Pavel Molchanov, Raymond James &, Molchanov, “ I’d, Oprah, Winfrey’s, didn’t, Trump’s, John Trump, Alyssa Farah Griffin, Griffin, Mike Pence’s, “ It’s, Abraham Lincoln’s, Abraham Lincoln, Tad, Lincoln, “ Tad, Tad Lincoln, Willie, bashed Biden Organizations: CNN, Immigration, Department of Homeland Security, Trump, Homeland, House Republicans, Electoral College, Washington Post, ABC, Wisconsin, Wisconsin Republicans, Republican, Bucks, ISIS, North Korean, Obama, Biden, New York Times, Taiwan News, NASA, Federal Highway Administration, USA, Gov, Drilling, National Wildlife Reserve, Wildlife Refuge, Raymond James & Associates, Alaska Industrial Development, Export Authority, Democratic, Oprah, MIT, Massachusetts Institute of Technology, Newsweek, Schools, White House, Pentagon, Capitol Locations: El Salvador, Guatemala, Honduras, United States, Wisconsin, Virginia, Oregon, Vegas, Las Vegas, Bucks County , Pennsylvania, Bucks County, Pennsylvania, Georgia, Texas, Michigan, Philadelphia, North Korea, China, Trump’s, Taiwan, “, ”, Midwest, California, ” California, Louisiana

☆ How access to reproductive care shaped a founder's career, highlighting its importance as an economic driver
▼ + stars: | 2024-10-27 | by ( Katie Balevic | ) www.businessinsider.com time to read: +5 min

And birth control and abortion access play key roles in women's economic success. Several states will have abortion access on the ballot. Access to reproductive healthcare made the difference again for Young when she experienced a miscarriage at work during a subsequent pregnancy. AdvertisementAbortion denial has downstream effects on women's economic potential, Salganicoff said, impacting everything from their education level to their ability to advance in their careers. Similarly, a recently published study from the Georgetown Center on Poverty and Inequality found that restrictions on abortion access "pose significant risks to the well-being and economic security of women," especially low-income women.

Persons: Tracy Young, —, Young, Alina Salganicoff, Salganicoff, Roe, Wade Organizations: Service, LinkedIn, Guttmacher Institute, University of California, Georgetown Center Locations: Women's, California, San Francisco

☆ Tiger Grandcubs on AI: How investors Dan Sundheim and Mala Gaonkar are thinking about the space
▼ + stars: | 2024-10-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

D1's Dan Sundheim and SurgoCap's Mala Gaonkar spoke about investing in AI a Chicago conference. Sundheim said it won't be private companies leading this tech change for once. Gaonkar said the most promising industry for short-term AI advances is the medical technology field. Sundheim, whose portfolio has billions invested in both public and private companies, believes the best way to tap into the AI frenzy is through public companies. PitchBook notes that the firm has made 228 investments in private companies since six years ago.

Persons: Dan Sundheim, Mala Gaonkar, Sundheim, Gaonkar, —, Lone, medtech, Julian Roberston's, Elon Organizations: Service, D1 Capital Partners, Tuesday's Invest, Kids, Business, Lone Pine, SurgoCap Partners, Institutional Investor, Tiger Cub, Viking Global, Tiger, Elon Musk's SpaceX, D1 Locations: Chicago

☆ Tesla's energy storage business was the highlight of its blowout earnings, and Elon Musk says it's 'growing like wildfire'
▼ + stars: | 2024-10-25 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Its energy business grew by over 50% year over year, earning Tesla over $7 billion in revenue so far in 2024. Elon Musk said on Tesla's earnings call that the energy unit is "growing like wildfire." Revenue for Tesla's energy generation and storage business was nearly $2.4 billion in the third quarter of 2024, up 52% from the same period last year. Advertisement"The energy storage business is growing like wildfire, with strong demand for both Megapack and Powerwall," Musk said. The billionaire said that Tesla's Megapack factory in Lathrop, California, had hit an important production milestone of 200 units per week.

Persons: Tesla, Elon Musk, —, it's, Elon Musk's, That's, Musk Organizations: Service, Tesla Locations: Lathrop , California, Shanghai, Megapack

☆ The power sector is 'transforming,' Morgan Stanley says, naming global stocks set to rise 40%
▼ + stars: | 2024-10-25 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

The electricity industry is transforming, according to Morgan Stanley, and multiple power producers, grid operators and utilities are set to benefit. "Global power markets have surprised on multiple fronts, and investors are navigating a new normal in the power value chain," they added. Morgan Stanley's analysts named three overweight-rated global stocks in the electricity sector which they give more than 40% potential upside. RWE RWE : Morgan Stanley notes that the German power giant, which generates and trades electricity, is exposed to "tight electricity markets rewarding flexibility + value creation in renewables in Europe & US." AES Corp. AES Corp.: Morgan Stanley highlighted the company's "expanding renewable portfolio" as a theme to watch.

Persons: Morgan Stanley, Morgan, RWE, — CNBC's Michael Bloom Organizations: Frankfurt Stock Exchange, American Depository, AES Corp, U.S, Global X FTSE, Asia, Malaysian Locations: Asia, Europe, U.S, Nasional Tenaga Nasional, Malaysian, Bursa Malaysia, Malaysia

☆ Jim Cramer explains why fossil fuels remain vital as the Big Tech boom continues
▼ + stars: | 2024-10-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday told investors that resources like fossil fuels will remain important and enable technological innovations, even as investments in renewable energy continue to grow. While the tech megacaps are investing heavily in nuclear energy, Cramer suggested that power won't play a huge role in the data center for at least a decade. He also reviewed GE Vernova 's recent quarter, saying the company's strength came from electrification and natural gas, not wind or nuclear power. But Cramer also stressed that the conversation around fossil fuels extends beyond the automotive industry. "The truth is, fossil fuels are essential for a lot more than vehicles, like it or not."

Persons: CNBC's Jim Cramer, Cramer, Elon Musk Organizations: Meta, Nvidia, Google, Microsoft, GE

☆ Amazon's AI data center dream runs into the reality of 'zombie' facilities, higher costs, and labor shortages
▼ + stars: | 2024-10-23 | by ( Eugene Kim | ) www.businessinsider.com time to read: +13 min

Electricity and labor headwinds slow Amazon's data center buildout. AdvertisementAmazon is spending heavily on data centers to support booming AI workloads, putting it on pace to build 240 new facilities by 2040, one estimate found. David Cahn, a Sequoia Capital general partner, recently predicted data center delays across the sector. Bernstein Research recently estimated that electricity demand for AI data centers could exceed supply in just two years without action. An Amazon data center in Oregon.

Persons: —, It's, David Cahn, Marc Wulfraat, MWPVL, we've, Bernstein, Amazon's, Matt Garman, JOSH EDELSON, Garman, Manuel Pineda, Pineda, Owens Corning Organizations: Service, Sequoia Capital, Energy, Amazon, Boston Consulting Group, Bernstein Research, Business, Web, San Francisco 49ers, BI, AWS, Uptime Institute, Center, Survey Locations: AMER, Americas, Oregon , Ohio, Northern Virginia, Amazon's Portland, Arizona, Indiana, Pennsylvania, Silicon Valley, Santa Clara , California, Santa Clara, Levi's, City, Santa, Oregon

HAVANA — Millions remain without power in Cuba for a third consecutive day as slow progress is made in restoring electricity following multiple major grid failures. Hurricane Oscar, a Category 1 storm, made landfall on eastern Cuba's northern coast Sunday evening with sustained winds of 80 mph. Levi blamed the U.S.'s “brutal blockade” for the financial difficulties in acquiring fuel and spare parts for Cuba's power plants, as well as for the current electric power crisis. Cuban police and military stand next to debris used to block a street during a protest against a blackout, after opening the street up to traffic, in Havana, Cuba on Saturday. Cuba’s economic crisis has spurred massive migration.

Persons: Vicente de la O Levi, Levi, Miguel Díaz, Norlys Perez, ”, “, ” Levi, Donald Trump’s, Orlando Matos, Carmen Sesin Organizations: U.S, Cuban, U.S . State Department, NBC News, Reuters Locations: HAVANA, Cuba, U.S, Colombia, Mexico, Venezuela, Russia, Havana, States, Miami

☆ Deutsche Bank says buy GE Vernova, sees 30% potential upside
▼ + stars: | 2024-10-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

The firm initiated its coverage of the energy company with a buy rating and $354 price target, implying upside of nearly 30%. Analysts are generally bullish the stock, with the majority of those covering the name rating it either as a strong buy or buy. GEV YTD mountain GEV YTD chart As a catalyst, analyst Nicole DeBlase cited a strong outlook in investments towards power generating assets. Additionally, the analyst pointed out that GE Vernova's gas power business is increasingly turning into a growth story. "Gas turbine orders have picked up in recent quarters, as increasing electricity consumption pressures existing grid infrastructure, requiring more baseload capacity.

Persons: Nicole DeBlase, DeBlase Organizations: GE Vernova, Deutsche Bank, General Electric, GE, Gas

Search resuls for: "Grid"

25 mentions found