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Researchers found what appeared to be pendants made from the now-extinct giant sloth. It suggests humans lived in South America thousands of years earlier than previously thought. "It's very likely that multiple waves of people came to Americas," she said, according to The AP. Giant ground sloths could reach 13 feet long, weighed more than a thousand pounds and were equivalent in size to an Indian elephant. It walked on all fours and was one of the largest creatures in South America, per the report.
Persons: Mirian Liza Alves Forancelli Pacheco, Jeffrey Greenberg, Briana, paleoanthropologist Organizations: Service, Royal Society B, Royal, North America, Federal University of Sao, Associated Press, Universal, AP, Smithsonian Institution's National, of Locations: South America, Wall, Silicon, Siberia, Alaska, South, North, Federal University of Sao Carlos, Brazil, Florida, Americas, Washington
Singapore-based Nestron's tiny home has arrived in Surrey, Canada, its first North American shipment. Loading Something is loading. It's hard to miss the renderings of Nestron's futuristic prefabricated tiny homes, which the company has promised will be equipped with an artificial intelligence system, built-in furniture, and more for generally under $100,000. But for most North American customers, these homes have been nothing more than a rendering. In April, Nestron and its Surrey, Canada dealer opened the doors to the company's first shipment to North America: the Legend Two.
CEO Eric Hansotia of agriculture-machinery manufacturer Agco told CNBC's Jim Cramer on Friday that elevated grain prices — and the high cost of food — will persist, even if Russia's invasion of Ukraine ended tomorrow. Both Russia and Ukraine serve as major global grain suppliers, with the latter often referred to as the "breadbasket of Europe," and so when the war broke out in February 2022 it sent the world's food supply chain into turmoil. Coupled with climate issues — namely droughts across Europe and North America — the food supply chain disaster spurred by the Russia's invasion is not likely to fade anytime soon, according to Hansotia. Despite grain supply chain issues, Agco — which sells big-ticket agriculture equipment like tractors and combines — recently reported a successful quarter. "The stocks-to use-ratio — essentially how much grain is in the market — has been coming down for six years in a row," Hansotia told Cramer.
CNN —Environmental groups are suing the Federal Aviation Administration in federal court over SpaceX’s launch of its massive Starship rocket last month. ‘All kinds of environmental harm’Ahead of the launch on April 20, the FAA issued a finding that the launch would have no significant impact on its surrounding environment. Margolis told CNN that the SpaceX explosion proves the groups’ legal argument that the FAA erred in its decision-making. The FAA’s roleThe FAA licenses commercial rocket launches and gave the green light for the SpaceX launch attempt after more than a year of back-and-forth. When asked about potential legal backlash from environmental groups on Saturday, Musk was defiant.
Nicholas Kamm | AFP | Getty ImagesSocial Security's trust funds have a new projected depletion date that is about a decade away. The idea calls for creating an investment fund separate from Social Security and allowing the investment to earn returns over a period of 70 years, Cassidy said. It would target the Social Security trust funds' biggest weakness, which is that it has "the absolute worst investment strategy you could have right now," Cassidy said. 'Big idea' inspired by private pensionsThe idea for investing Social Security's funds in the market is inspired by private pension funds, which already buy securities outside of Treasurys. Possible changes to fix Social Security generally include tax increases, benefit cuts or a combination of both.
There's more than one way to tap into the global electric vehicle boom. In fact, Jefferies has three under-the-radar plays that include a welding equipment maker. LECO YTD mountain Lincoln Electric shares YTD For Lincoln Electric, the surge in electric vehicle interest will boost its automotive and transport business, which makes up 17% of its sales, according to Jefferies. Lincoln Electric is a maker of welding equipment and products, but last year it also launched an initiative to design and manufacture EV chargers for the domestic market. Meanwhile, chemicals firm Graco is also dealing with sealing and bonding applications for electric vehicle battery pack and module assembly.
Top M&A bankers of 2022. That's why you could argue that this year's edition of "The Rainmakers" — Insider's annual list of the 20 M&A bankers who handled the largest deals of the year in North America — is more impressive than previous editions. What's interesting about this year's list is how it was made up of bankers almost entirely from the bulge-bracket. Check out our list of the top-20 M&A bankers who made the most during a difficult year for dealmaking. Jeff Bezos' $500 million yacht finally hit the open water.
European Union officials have been embroiled in tense discussions over how to make the region more competitive in the wake of the U.S. Inflation Reduction Act, also referred to as IRA. The American legislation was approved by U.S. lawmakers in August and includes $369 billion in spending on climate and energy policies. But, according to Christian Lindner, the German finance minister, the answer for the 27-member EU bloc to boost competitiveness is not via more public spending. "We need a better quality of public sector investments, not more quantity of public sector investments," he said. "Belgium is a small market, very open economy, Germany is a big market.
Japan's defence minister says it would have the legal right to destroy any balloon that enters its domestic airspace. Defence Minister Yasukazu Hamada said on Tuesday under existing laws, Japan would have the legal right to destroy any balloon that intrudes into its domestic airspace. "Intrusions into Japan's territorial airspace constitute a violation, even if it is a balloon," the Yomiuri newspaper quoted Isozaki as saying. In the future, it may be possible to use lasers or other technology to bring a balloon to earth, he suggested. Japan uses balloons for weather observations, but the prevailing winds mean that they typically travel east, over the Pacific, rather than over mainland Asia.
"U.S. legislation doesn't pass overnight," Emre Peker, director at the consultancy group Eurasia, told CNBC, adding that the EU could have acted faster. Luisa Santos, deputy director at BusinessEurope, a group of business federations, told CNBC that "it is still a bit early to say who will invest where." watch nowBelgian Prime Minister Alexander de Croo told CNBC that more state aid "is not a good answer." Several other experts have also raised concerns about easing state aid rules. Slow to respondIn addition to challenges with state aid relaxation, timing is also a risk.
The European Union still believes President Joe Biden's Inflation Reduction Act discriminates against companies in the bloc, its top trade minister said Thursday. However, Valdis Dombrovskis told CNBC that the EU was engaged in ongoing negotiations with U.S. officials that had allayed only some of its concerns so far. He noted he met with U.S. Trade Representative Katherine Tai two days ago, a meeting at which the pair pledged to increase engagement on key issues including electric vehicle subsidies. "Our concerns are the discriminatory measures in [the] U.S. Inflation Reduction Act, which is discriminating against EU companies," he said in an interview at the World Economic Forum in Davos, Switzerland. "We think we should be addressing the climate change and green transition jointly, building transatlantic value chains, not breaking them apart."
More than 40 million egg-laying hens have been culled in the U.S. alone, causing the price of eggs nationwide to skyrocket, Lorenzoni said. Months earlier, the “bird flu” outbreak drove the cost of turkey meat to record highs. Poultry can become infected through direct exposure to wild birds but more likely from fecal matter that contaminates the ground around farms or yards. Many migrating birds are not sickened by bird flu, which means it’s not well understood just how widespread it is in the wild, Lorenzoni added. The sun can, for instance, naturally disinfect surfaces while gloomier days help viral particles survive on surfaces contaminated by infected bird poop, Lorenzoni said.
Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., raised the possibility of bankruptcy in a statement filed with the Securities and Exchange Commission. In the event of a bankruptcy, Core says that holders of its common stock could suffer "a total loss of their investment." Core Scientific mines for proof-of-work cryptocurrencies like bitcoin . Core, which primarily mints bitcoin, has seen the price of the token drop from an all-time high above $69,000 in Nov. 2021, to around $20,500. The Austin, Texas-based miner, which has operations in North Dakota, North Carolina, Georgia, and Kentucky, says that it may "seek alternative sources of equity or debt financing."
Power's North American Airport Satisfaction Survey, the company compiled over 26,500 surveys from US and Canadian residents who traveled through one or more airports in North America. The firm conducted surveys across three categories: Mega airports, large airports, and medium airports. Power defined mega airports as serving at least 33 million passengers annually. Take a look at 10 of the worst airports in North America, according to J.D. Power's surveys.
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