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Check out the companies making headlines in midday trading: Hewlett Packard Enterprise — The tech hardware stock jumped 6% after Bank of America upgraded the stock to a buy rating from neutral. Shopify — The e-commerce stock advanced nearly 2% after receiving an upgrade to buy from neutral at Redburn Atlantic. AppLovin — The mobile software stock advanced about 6% following a UBS upgrade to buy from neutral. Gannett — Shares soared 16% after Citi upgraded the newspaper stock to a neutral rating from sell. GE Vernova — The energy stock rallied nearly 4% after Bank of America upgraded the stock to buy from neutral.
Persons: Marie Myers, Biden, Shopify, FanDuel, Michael McGovern, Andrew Obin, Philip Morris, — CNBC's Sean Conlon, Yun Li, Sarah Min, Samantha Subin Organizations: Hewlett Packard Enterprise, Bank of America, Microsoft, Intel, UBS, Gannett —, Citi, Gannett, GE, Vectura Group, Molex Asia Holdings, Vectura, Accenture —, Bloomberg Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon is using generative AI to deliver packages faster with smarter robots and better routesFor decades, Amazon has set the standard for fast package delivery. When Prime launched in 2005, two-day shipping was virtually unheard of. By March 2024, 60% of Prime items were delivered same or next day. Now Amazon wants to push that number even higher, using generative AI, despite concerns about energy and cost. CNBC got an exclusive look at Amazon's use of generative AI to optimize delivery routes, make more intelligent warehouse robots, and better predict where to stock new items.
Organizations: Amazon, CNBC
Analysts say don't chase this Intel pop here
  + stars: | 2024-09-17 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +2 min
Wall Street analysts are still skeptical on Intel despite its latest moves aimed at righting the ship. Shares of Intel gained more than 3% on Tuesday after the chipmaker said it would turn its foundry business into an independent unit — allowing it to raise outside capital . The analyst added that Intel's plan to establish its foundry business as an independent subsidiary was "expected and not good." "We expect Intel's EPS to be under pressure given its foundry business, which we believe has minimal chance of succeeding," he wrote. Intel shares have lagged the broader semiconductor sector year to date, losing 56% in that time.
Persons: Bernstein, America's Vivek Arya, INTC, Christopher Danely, Intel's Organizations: Intel, Amazon, Bank of America, JPMorgan, Citi, Wells, America's, VanEck Semiconductor Locations: AVGO
Senate Majority Leader Chuck Schumer on Monday pressed for Republicans to join Democrats in voting to advance the IVF bill. Democratic Sen. Ron Wyden of Oregon objected, and instead urged their colleagues to support Democrats’ bill during Tuesday’s vote. Another Senate GOP bill aimed at addressing concerns about IVF was introduced earlier this year. On Tuesday, Democratic Sen. Patty Murray blocked a uninamous consent request to pass Britt and Cruz’s IVF bill, ahead of the vote on the Democrats’ broader IVF package. “Our bill is the only bill that protects IVF access while safeguarding religious liberty,” Britt said.
Persons: Lisa Murkowski, Susan Collins, Donald Trump, Chuck Schumer, “ We’re, ” Schumer, , John Thune, , Democratic Sen, Tammy Duckworth, Patty Murray, Cory Booker of, GOP Sen, Rick Scott, Ron Wyden, Kat Cammack, Katie Britt, Ted Cruz’s, Britt, Murray, Cruz, ” Britt, we’ve, ” CNN’s Aaron Pellish Organizations: Washington CNN —, Republicans, Democrat, GOP Sens, Republican, Democratic, Illinois, Alabama’s, GOP, Oregon, Democrats, Health Savings Locations: Washington, Cory Booker of New Jersey, Florida
Now, the retail giant is turning to generative AI to drive more same-day shipping. But not all the changes that generative AI may bring to the e-commerce giant are positive. Robots and new rolesThe number of Amazon warehouse robots grew from 350,000 in 2021 to more than 750,000 in 2023, according to the company. "They're using generative AI and computer vision to avoid obstacles and find the right place to stop," Armato said. Amazon's AI is three times better at identifying damaged products than humans are, the company said.
Persons: Steve Armato, Armato, Lisa Setyon, Tom Forte, Forte, it's, Katie Tarasov Organizations: Amazon, CNBC, Amazon's, Maxim, Senate Locations: California, Tracy, U.S, Tracy , California, Richmond , California
WASHINGTON — To hear Republican nominee Donald Trump and his running mate JD Vance tell it, he wasn’t trying to eliminate the Affordable Care Act as president. “Obamacare was lousy health care. Vance added: “It illustrates Donald Trump’s entire approach to governing, which is to fix problems.”Both Trump and Vance are misrepresenting the facts. As president, Trump fought to repeal and undo the ACA using executive action, legislation and lawsuits. “Which means no actual plan.”“And 45 million Americans are insured through the Affordable Care Act,” she said.
Persons: WASHINGTON, Donald Trump, JD Vance, , Trump, Sen, Vance, , “ Obamacare, It’s, , ” Trump, Kamala Harris, could’ve, Donald Trump’s, “ Trump, Larry Levitt, Republicans — Sens, Lisa Murkowski, Susan Collins of, John McCain, Arizona —, McCain, ” Levitt, Barack Obama’s, Joe Biden, doesn't, Karoline Leavitt, Leavitt, ” Harris Organizations: ABC, Democratic, Trump, Protection, Republican, American Health Care, Office, House Republicans, Republicans, ACA, Medicare Locations: R, Ohio, Alaska, Susan Collins of Maine, Arizona, Greensboro , North Carolina
Evercore ISI lowered its price target on Alphabet to $200 from $225 , citing antitrust worried. Analyst Atif Malik's $130 price target, up from $119, implies that the stock could rally 17% from here. The firm upgraded the software giant to a buy rating and hiked its price target to $210 from $155. The investing firm downgraded the online bank to neutral from buy and removed its $44 price target. — Lisa Kailai Han 5:49 a.m.: Evercore ISI trims Alphabet price target Alphabet's antitrust issues will limit upside going forward, according to Evercore ISI.
Persons: Atif, Malik, — Lisa Kailai Han, Ben Reitzes, Reitzes, BTIG, Vincent Caintic, Caintic, Lisa Kailai Han, KeyBanc, Justin Patterson, Patterson, GE Vernova, Julian Mitchell nodded, Mitchell, Mark Mahaney, Mahaney, Fred Imbert Organizations: CNBC, ISI, Barclays, GE Vernova, Citi, Oracle Melius Research, Oracle, Ally, Spotify, TAM, GE, General Electric, Electric Utilities, DOJ, Google, Microsoft, TAC Locations: Friday's, MI, United States, U.S
In all, the series picked up four awards, including history-making individual acting honors for its two stars Sanada and Anna Sawai. John Oliver thanks his late dogJohn Oliver at the 76th Emmy Awards on Sunday, Sept. 15, 2024 at the Peacock Theater in Los Angeles. You’re very good girls, you’re very good boys, and you all deserve a treat!”John Leguizamo stands up for progressJohn Leguizamo at Sunday's Emmy Awards. Despite my name, I come in peace.” – Will Smith, a English writer and producer and winner of outstanding writing for a drama series for “Slow Horses,” referencing that moment from the Oscars. Nine times out of ten, I’m right.” – Steve Martin“Welcome everybody to the 76th Emmy Awards — also known as broadcast TV’s biggest night for honoring movie stars on streaming services.” – Dan Levy, who hosted alongside dad Eugene a solid – if not safe – show
Persons: Shōgun, Justin Marks, Hiroyuki Sanada, Chris Pizzello, , , Sanada, Anna Sawai, Sawai, ” Richard Gadd, Richard Gadd, I’d, Lisa Colón, Zayas, Liza Colon, Jae, Tina, Meryl Streep, Sheryl Lee Ralph, Carol Burnett, ” Candice Bergen, ’ Candice Bergen, Kevin Winter, Murphy Brown, Candice Bergen, she’s, Bergen, Dan Quayle, Murphy, Selena Gomez, Steve Martin, Martin Short, John Oliver, Danny Moloshok, Sarah McLachlan, ” Oliver, John Leguizamo, Mario Anzuoni, Reuters John Leguizamo, Leguizamo, “ She’s, Kathy Bates “, ” – Will Smith, Nicole Kidman, Steve Martin “, , ” – Dan Levy, Eugene Organizations: CNN, Voters, Republican, Peacock, Reuters, New York Times Locations: Los Angeles
Upstart Holdings – Shares of the personal finance firm fell 5% after the announcement of a new debt offering. Sprouts Farmers Market – Shares of the supermarket chain rose nearly 5% following an upgrade to outperform from in line at Evercore ISI. The investment firm wrote that Sprouts, which specializes in organic products, could be a beneficiary of a trend towards healthier eating. Apple – Shares slumped 3% following reports of sluggish demand for some of the company's latest iPhone models. Yelp – Shares dropped 4% after Bank of America initiated coverage of Yelp with an underperform rating.
Persons: Nuvalent, Bausch, Goldman Sachs, Morgan Stanley, Donald Trump, Ming, Chi Kuo, , Alex Harring, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Jesse Pound Organizations: Financial Times, FT, Alcoa, Intel –, Bloomberg, Intel, Pentagon, Micron Technology, Evercore ISI, Trump Media & Technology, Apple –, TF Securities, Apple, JPMorgan, Bank of America Locations: California
London CNN —Former BBC news presenter Huw Edwards has been sentenced to six months’ imprisonment suspended for two years by a London court for having indecent images of children, according to PA Media. Edwards, who was the BBC’s highest-paid journalist, pleaded guilty in July to having 41 indecent images of children. The adult man who sent Edwards the images is a convicted pedophile, the court heard on Monday. Edwards sent him hundreds of pounds “apparently off the back of (him) sending pornographic images,” prosecutor Ian Hope said. No more illegal images were sent after that message, the court heard, but the pair were said to continue exchanging legal pornographic images until April 2022.
Persons: Huw Edwards, Edwards, Paul Goldspring, Ian Hope, Philip Evans KC, , Evans, Edwards “, ” Evans, BBC Edwards, Queen Elizabeth II, Lisa Nandy, CNN’s Jessie Gretener Organizations: London CNN —, BBC, PA Media, Crown, Service of, BBC’s, BBC News Locations: London, tatters, Service of England, Wales
Bank of America doesn't see gold's rally ending soon and thinks producer Gold Fields could benefit. A key asset for the metal producer is Chilean mine Salares Norte, which could increase growth through near-term gold production. "Salares Norte should be a highly cash generative asset and we think it could account for [about]. BofA also thinks lower Federal Reserve rates can drive gold to $3,000 by 2025. A longer-term catalyst includes Gold Fields' acquisition of Osisko Mining in August.
Persons: Gold, Jason Fairclough, Fairclough, BofA Organizations: America, Osisko Mining Locations: Chilean, Norte, Quebec
Chuck Hodes/FXThe nominees for the 76th Emmy Awards — television’s top honor — were announced earlier this summer, and “The Bear” ate it up. In the drama category, “Shōgun” had the most nominations this year with 25. The all-time record of 32 nominations, held by HBO’s “Game of Thrones” since 2016, remains unbroken. Here are some of the nominees to watch tonight:Outstanding drama series:“The Crown”“Fallout”“The Gilded Age ““The Morning Show”“Mr. and Mrs. Smith”Anna Sawai, “Shōgun”Imelda Staunton, “The Crown”Reese Witherspoon, “The Morning Show”See the full list of nominees here.
Persons: Jeremy Allen White, Carmen, Chuck Hodes, , Shōgun ”, HBO’s, Ted Lasso, , Smith, “ Abbott, Ripley, ” “, Jimmy Kimmel, Seth Meyers ”, Stephen Colbert, Matt Berry, Larry David, , Steve Martin, Martin, D’Pharaoh Woon, Jennifer Aniston, Carrie Coon, Maya Erskine, “ Mr, Anna Sawai, “ Shōgun ” Imelda Staunton, ” Reese Witherspoon Organizations: NBC, HBO Locations: Chicago
“It’s a huge turning point in our lives,” said Fischer, who was 6 when a gunman killed 20 first graders and six educators at Sandy Hook Elementary School on Dec. 14, 2012. Emma brown, giffords executive directorSince 2013, at least 122 people have been killed by gunfire in 64 planned school shootings, according to NBC News’ tracker. “We were told this would be what turns everything around,” said Emma Ehrens, 18, who was next to the Sandy Hook gunman as he shot her classmates. “It really breaks your heart a little bit more every time.”A memorial site along a road in Sandy Hook after the mass shooting at Sandy Hook Elementary School in Newtown, Conn., in 2012. Since Sandy Hook, states have passed more than 620 gun safety laws, Brown said.
Persons: Grace Fischer, Fischer, It’s, , Henry Terifay, Lilly Wasilnak, Matt Holden, Harris, Lawrence Jackson, Emma Brown, Giffords, Gabby Giffords —, ” Brown, Trump, Emma, giffords, Emma Ehrens, Sandy, Sandy Hook, Lisa Wiltse, Kamala Harris, , you’ve, ” Harris, Ella Seaver, Donald Trump, JD Vance, “ We’ve, they’re, ” Vance, Vance, Biden, JT Lewis, Jesse, ” Lewis, Brown, Joe Biden, Holden, ” Wasilnak Organizations: Sandy Hook Elementary, Sandy Hook Elementary School, White, Las, NBC News, Apalachee High, Johns Hopkins Center for Gun Violence Solutions, Getty, Republican, National Rifle Association, , Federal School Safety Commission, Safer Communities Locations: Sandy, Newtown , Connecticut, U.S, Newtown, Conn, Ohio, Phoenix
Brazilian stocks have been on a tear, but stubborn inflation could grind the recent rally to a stop. It's a work in progress, and most likely will require further rate hikes by the central bank." BCA Research's Arthur Budaghyan agreed that the Brazilian central bank is unlikely to hike rates for very long. Against this backdrop, Budaghyan advises clients steer clear of Brazilian stocks in the near term. U.S. investors who want exposure to the Brazilian stock market can obtain it through the iShares MSCI Brazil ETF (EWZ) .
Persons: Bovespa, Fernando Haddad, Goldman Sachs, Alberto Ramos, Ramos, Arthur Budaghyan, Budaghyan Organizations: U.S . Federal, CNBC, U.S, Fed, BCA, Banco, MRB Partners Locations: Lower U.S, overcompensate, America, Banco Central, Brazil, U.S
And he plans to speak to Vice President Kamala Harris soon. “Oh I could see that, yes,” Manchin told CNN when asked if he’d endorse a candidate before November. Asked twice if he would endorse Harris, Romney pointedly refused to say. “I’m certainly not going to be voting for former President Trump, and I think that’s been very clear,” Romney said when asked the first time whether he’d back Harris. We stand with nations that are now being invaded by their neighbors, particularly invaded by Russia,” Romney added.
Persons: Washington CNN — Sen, Joe Manchin, Kamala Harris, ” Manchin, he’d, Utah Sen, Mitt Romney, Donald Trump, Trump, Harris, Romney, “ I’m, ” Romney, GOP Sen, Lisa Murkowski, Donald Trump’s, Barack Obama, Harris ’, , he’s, , Viktor Orban, that’s, Organizations: Washington CNN, Democrat, CNN, West, Republican, Trump –, Russia, Romney –, Trump, GOP, Senate, Capitol, Hungarian Locations: Utah, Ukraine, Alaska, California, Russia
The S & P 500 rebounded 4% this past week, almost clawing back all of the prior week's horrible decline. Fed watch The Fed is the big market event this week. ET: Fed rate decision Before the bell: General Mills (GIS) After the bell: Steelcase (SCS) Thursday, Sept. 19 8:30 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer, Jensen Huang's, Goldman Sachs, Jim, Huang, Lisa Su, Su, Vimal Kapur, Morgan, Brian Niccol, Wells, Morgan Stanley, Jerome Powell, They're, Lennar, Doug Yearley, Mills, LEN, Jim Cramer's, Spencer Platt Organizations: Federal, Dow, Nasdaq, Nvidia, Club, Technology, CNBC, Oracle, Devices, TAM, Apple, Honeywell, Starbucks, Barclays Global Financial Services, Fed, FedEx, homebuilder, Home Depot, Darden, Jim Cramer's Charitable, New York Stock Exchange, Getty Locations: Las Vegas, U.S, America, Horton, New York City
Read previewOffices have been the weak spot in the commercial real estate market since the pandemic gave rise to widespread remote work and caused companies to reassess how much space they need. The Federal Reserve's likely interest rate cut, expected at the end of its meeting on September 18, could give office owners some relief with lower interest rates when they refinance. But that doesn't mean they're in the clear, according to commercial real estate experts. Right now, most commercial real estate loans come from small, regional banks, but that could change. AdvertisementYet even with the weakness in the office market, lower interest rates are a net positive for the industry, economist Richard McGahey says.
Persons: , Lisa Pendergast, Pendergast, Lisa Knee, Knee, It's, Richard McGahey, McGahey Organizations: Service, Business, CRE Finance
The family doctorIn the Oregon community where Nicole Snow grew up, Dr. David Farley was always there. Recounting the same anecdote he’d told Snow, he told Medley he’d once lost a young patient to cervical cancer and needed to do another exam to keep her safe. But again, women like Medley, Snow and Pratt describe feeling belittled or dismissed. After watching a documentary about the gymnasts abused by then-team doctor Larry Nassar, Medley, Pratt and Snow launched a civil suit against Farley. Their lawsuit has been amended multiple times to add women, girls, men and boys who say they too were abused by Farley.
Persons: Unfathomably, , Katie Medley, Nicole Snow, David Farley, of Jesus Christ, , ” Snow, Snow, Farley, he’d, ‘ We’re, , I’ve, Lisa Pratt, Medley he’d, Medley, Pratt, , Dr, , ” Lisa Pratt, CNN Pratt, she’d, ’ ” Weeks, Jason Carruth, ” David Farley, KATU, Tony Christensen, ” Pratt, Christensen, “ Tony Christensen, ‘ It’s, ’ ”, Farley’s, John Wentworth, John Wentworth’s, belittled, Sarah Dumont, ” Wentworth, Wentworth, Dumont, groped, Ellen Rosenblum, Rosenblum, West Linn, Glade, Nielson, … they’ve, David Farley’s, they’ve, “ Dr, Larry Nassar, Stewart, Finaldi, Nassar, Tom D’Amore, They’re Organizations: Oregon CNN, CNN, of Jesus, Harvard, Linn Family Health, LDS Church, RAINN, ” CNN, Oregon Medical Board, OMB, West Linn Police Department, The, Catholic Church and Boy Scouts, LDS, ., West, Oregon Medical, Manly, D’Amore Locations: Wilsonville, Oregon, Willamette, Portland, Linn, LDS, Utah, Clackamas County, Idaho, Nephi , Utah, Japan, Salt Lake, Salt Lake City , Utah, West Linn, it’s
Emmy Award winners list (Updating Live)
  + stars: | 2024-09-15 | by ( Lisa Respers France | ) edition.cnn.com   time to read: 1 min
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Insider Today: Fine-dining faux pas
  + stars: | 2024-09-14 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +6 min
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. On the agenda:This story is available exclusively to Business Insider subscribers. Fitness industry consultant Pete McCall told Business Insider evidence shows "building muscle through strength training, as opposed to using cardio to manage weight, has a much greater effect on promoting longevity." A Business Insider reporter decided to test these habits for a week. More of this week's top reads:AdvertisementThe Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.
Persons: , Rebecca Zisser, Gabby Landsverk, Hilary Brueck, Pete McCall, Natalia Mehlman Petrzela, Mauro Maietta, Amr Bo Shanab, Wengen Ling, Bon appétit, Terri Peters, Taylor Swift, Kate Green, Kamala Harris, Swift, Natalie Ammari, Alex Garland's, Kirsten Dunst, Max, Dan DeFrancesco, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Service, Business, Crunch Fitness, Hamptons, HBO, Apple, Apple Watch, tote Locations: ellipticals, Manhattan, Florida, America, New York City, New York, Chicago
CNN —Amber Ruffin has some thoughts about those who think that CNN isn’t necessarily the best home for comedy. “I’d say they’re right,” Ruffin told CNN in an interview this week. Based on a British series of the same name, entertainers, political figures and comedians will appear as guests for quick-witted conversation and games. “Anybody who has a sense of humor about the world and has a sense of humor about themselves, I think those are the only prerequisites,” he said about possible team members. “If you can laugh the world and laugh at yourself, I think you’re gonna fit in very well.”“Have I Got News For You” premieres Saturday, September 14 at 9 p.m.
Persons: Amber Ruffin, , ” Ruffin, Roy Wood Jr, Ruffin, Micheal Ian Black, Wood Jr, , Michael Ian Black, Roy Woods Jr, Amber Ruffin CNN “, Black Organizations: CNN, Productions
The company may have maintained its full-year revenue outlook, but that was taken as good enough after last quarter's debacle. Management also provided a better-than-expected sales, earnings, and recurring revenue outlook. The Good Abbott Laboratories : Sales, earnings and organic growth all exceeded analyst estimates. Broadcom : Sales and earnings outpaced expectations , driven by strong sales of its AI products and VMware software. Alphabet : Delivered largely better-than expected earnings results that showed the search and cloud giant is finally on better footing in the fast-growing AI space.
Persons: we've, Lisa Su, , Eli Lilly, Zepbound, Stanley Black, Stanley, Morgan Stanley, Procter, Jim Cramer's, Jim Cramer, Jim, Steve Marcus Organizations: Costco, DuPont, Club, Management, Nvidia, Palo Alto Networks, Good Abbott Laboratories, Broadcom, VMware, Wealth Management, Investment Management, Microsoft, Constellation Brands, TJX, Amazon Web Services, Coterra Energy, GE Healthcare, Honeywell, Gamble, Jim Cramer's Charitable, CNBC, AMD Locations: China, Covid, Dover, Eaton, Palo, North America, GEHC, Wells Fargo, Las Vegas , Nevada, U.S
CNN —Rapa Nui, also known as Easter Island, never experienced a ruinous population collapse, according to an analysis of ancient DNA from 15 former inhabitants of the remote island in the Pacific Ocean. Settled by Polynesian seafarers 800 years ago, Rapa Nui, today part of Chile, has hundreds of monumental stone heads that echo of the past. But that theory remains contentious, and other archaeological evidence suggests that Rapa Nui was home to a small but sustainable society. Easter Island genomesTo investigate Rapa Nui’s history further, researchers sequenced the genomes of 15 former residents who lived on the island during the past 400 years. But the ancient genomes add to a growing body of evidence that the idea of a self-inflicted population collapse on Easter Island is a false narrative, said Matisoo-Smith, who wasn’t involved in the study.
Persons: Christopher Columbus ’, Jared Diamond, , J, Víctor Moreno, Raraku, De Agostini, Moreno, Mayar, Lisa Matisoo, Smith, Matisoo, wasn’t, , ” Matisoo, Alphonse Pinart, Alfred Métraux Organizations: CNN, Easter, Mankind, French National Museum of, University of Copenhagen’s Globe Institute, Easter Islanders, New Zealand’s University of Otago, Polynesian, New Zealand’s Science Media Locations: Rapa, Easter, Americas, Rapa Nui, Chile, Paris, Peru, Denmark, American, South America, Columbus, Pacific, , French, Swiss
Instead, we spend the next few weeks hopping from bar to bar, in an attempt to manifest the sort of meet-cute you only see on the CW. This is exactly what you shouldn't be doing, says Blaine Anderson, an Austin, Texas-based dating coach and founder of Dating by Blaine. Other dating and relationship experts agree that bars tend to be the go-to venue for singles, but often don't net meaningful connections. "If you're showing up in bars but don't want to build a life around substance use, you're not going to meet someone you like," Bobby says. Grace Lee Dating Coach
Persons: Blaine Anderson, Blaine, Grace Lee, Lisa Marie Bobby, Bobby, Lee Locations: Austin , Texas, New York City, Denver,
How oil-rich Arkansas became a hotbed of lithium mining
  + stars: | 2024-09-13 | by ( Lisa Setyon | In | ) www.cnbc.com   time to read: +3 min
The future of lithium production in the U.S. is gaining momentum in Arkansas, as companies like ExxonMobil , Albemarle, and Standard Lithium make significant investments in the state. While most of the world's lithium still comes from countries like Australia, Chile and China, Arkansas could change that. Standard Lithium, which has operated in Arkansas since 2020, is also expanding its Direct Lithium Extraction (DLE) facility in El Dorado, thanks to a $100 million investment from Koch Strategic Platforms. Still, companies like Albemarle and Standard Lithium told CNBC they remain optimistic about Arkansas' potential to become a key player in the global lithium market. "The United States has to step up," said Robert Mintak, CEO of Standard Lithium.
Persons: Wesley Hamilton, Shon Hiatt, Robert Mintak, We've Organizations: United States Geological Survey, Energy, Exxon Mobil, Koch, Business, University of Southern, Atlantic Council, CNBC Locations: U.S, Arkansas, Albemarle, Australia, Chile, China , Arkansas, El Dorado, University of Southern California, China, United States
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