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☆ Robots and AI-powered assistive tech are poised to transform accessibility and mobility
▼ + stars: | 2024-10-16 | by ( Jake Hall | ) www.businessinsider.com time to read: +8 min

She credited assistive technologies more broadly with saving her from "desperation and extremely dark thoughts." The Atalante X is made by Wandercraft, a company founded by a group of engineers in 2012 that develops mobility technologies. Kevin Piette, a Paralympic tennis player, carried the Olympic torch in the Atalante X, Wandercraft's robotic exoskeleton. Advancing rehabilitationDr. Laurent Metz, Wandercraft's global chief medical officer, described the Atalante X as a "walking robot full of sensors." Other assistive technologies are redefining accessibility and mobility.

Persons: there's, —, Esther Klang, Klang, Wandercraft, Kevin Piette, Laurent Metz, Metz, ReWalk, Elaine Schaertl, Short, Tatum, Dani Clode, neuroscientists, Clode, It's Organizations: Service, Robotics, Tufts University, Tatum Robotics, National Disability Institute Locations: Wandercraft's, Europe, Brazil

☆ Watch out. Analysts have been cutting earnings estimates on these stocks reporting next week
▼ + stars: | 2024-10-16 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Wall Street has been lowering its third-quarter growth estimates for months now. That's not abnormal, however, as third-quarter growth estimates tend to decline in the preceding months. Nearly 10% of S & P 500 companies have already reported results, with more than 79% beating earnings estimates, according to FactSet. Analysts' estimates for earnings per share have been cut by 80.3% over the past three months and 85% over the past six months. Analysts have cut their earnings per share estimates on Tesla by 24.1% over the past three months and 30.8% over the past six months.

Persons: That's, Morgan Stanley, Joe Laetsch, Laetsch, FactSet, Christopher Dendrinos, Dendrinos, Tesla, Wells Fargo Organizations: CNBC Pro, Valero Energy, Wall Street, Valero, RBC Capital Markets, Tesla Locations: U.S, Wells

☆ Oil prices fall by more than $1 on deflation worries in China
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing's economic stimulus plans stoked fears about demand. In the U.S. market, energy firms last week added oil and natural gas rigs for the first time in four weeks, according to a closely followed report by energy services firm Baker Hughes. The oil and gas rig count, an early indicator of future output, rose by one to 586 in the week to Oct. 11. The impact of Hurricane Milton boosted short-term demand in the U.S. as evacuations supported gasoline consumption, but weak demand dominated the fundamentals outlook. Oil major BP posted a $600 million drop in its third-quarter profit on Friday because of weak refining margins amid a slowdown in global oil use.

Persons: Tony Sycamore, Baker Hughes, Hurricane Milton Organizations: Brent, U.S . West Texas, National Bureau of Statistics, China Ministry of Finance Locations: U.S, China, Beijing, East, Florida, The U.S, Iran, Israel, Hurricane

This article is part of the Opinion series At the Brink,about the threat of nuclear weapons in an unstable world. It follows a decades-long freeze on designing, building or testing new nuclear weapons. The new buildings and cutting-edge machinery will eventually process the uranium needed to make the next generation of American nuclear weapons. Now there are an estimated 12,000 nuclear weapons in the world. It is undeniably true that the world is becoming more contentious, and nuclear weapons do deter our adversaries.

Persons: Melissa Durkee’s, Adalie, —, Warren Air Force Base Missiles Ellsworth Air Force Base Pantex Plant Minot Air Force Base Dyess Air Force Base Lockheed Martin Tinker, Todd Weeks, Weeks, you’re, Eric Helms, Helms, it’s, ”, aren’t, Robin Darnall, she’s, “, can’t, Northrop Grumman, Nunn, Walter Schweitzer, Mr, Schweitzer, Robert Oppenheimer, didn’t, Jay Coghlan, Charles McMillan, Greg Mello Organizations: U.S, Preston Veterans ’ Memorial, Dynamics, U.S . Navy, Preston Veterans ’, The Times Naval Base Kitsap Lawrence Livermore National Laboratory Northrop Grumman Nevada National Security, Air Force Base Malmstrom Air Force Base Sandia National Laboratories Los Alamos National Laboratory, Warren Air Force Base Missiles Ellsworth Air Force Base Pantex Plant Minot Air Force Base Dyess Air Force Base, Warren Air Force Base Missiles Ellsworth Air Force Base Pantex Plant Minot Air Force Base Dyess Air Force Base Lockheed Martin Tinker Air Force Base Offutt Air Force Base Kansas City National Security, Chaffee, Air Force Base Whiteman Air Force Base, Security, Laboratory Naval Submarine Base, Bay Northrop, Newport News Shipbuilding General Dynamics Electric, Submarines, Submarines Connecticut Rhode Island, Submarines Connecticut Rhode Island Virginia General Dynamics Electric, General Dynamics, Columbia, Engineering, Republican, Democratic, Office, General Dynamics Electric, Navy, NASCAR, Manhattan, Reactor, The Energy Department, National Nuclear Security Administration, Energy Department, National Nuclear Security, Fort, Missiles Wyoming North Dakota, Missiles Wyoming North Dakota Colorado Nebraska Montana America’s, The Air Force, Minuteman III, Air Force, Warren Air Force Base, Sentinel, Banner, Soviets, Air Force Base, McCurdy, Pentagon, Montana Farmers Union, Mexico South, Environmental Protection Agency, Los Alamos, Nuclear Watch, Alamos County, Atomic, Los Alamos Study, United States Locations: Preston, Conn, New England, America, Russia, China, North Korea, Iran, United States, Savannah, Manhattan, Washington, Submarines Connecticut, Submarines Connecticut Rhode Island Virginia, Narragansett, Rhode Island, Quonset, R.I, Groton, Soviet Union, Rhode Island , Connecticut, Virginia, Columbia, Tennessee, Oak Ridge, Tenn, Hiroshima, Nagasaki, Texas, Fort Knox, Missiles Wyoming North Dakota Colorado, —, Wyoming , Nebraska , Colorado , Montana, North Dakota, Plains, F.E, Wyoming, Nebraska, Banner County, Great Falls, Mont, Mexico, Mexico South Carolina, New Mexico, Los Alamos, N.M, Savannah River, S.C, Colorado, Rocky, Alamos, Nuclear Watch New Mexico, Santa Fe

☆ Hurricanes are becoming more frequent, violent, and costly — plus they're hitting jobs and economic growth
▼ + stars: | 2024-10-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Hurricane Milton is battering Florida days after Hurricane Helene wreaked havoc on several states. The two events are the latest sign that hurricanes are becoming more frequent, more ferocious, and more costly. They're also hitting employment and economic growth, at least in the short term. They estimated that a Category 5 storm could lower fourth-quarter annualized GDP growth by 0.14 percentage points, from a forecasted 2.3% to below 2.2%. "Rebuilding should provide a boost to economic activity in those affected regions in subsequent months, and potentially years," Sweet told BI, quoting from his recent note.

Persons: Milton, Hurricane Helene, Helene, They're, Adam Smith, Jefferies, Harvey, Ian, Smith, Michael Mann, Ryan Sweet, Sweet, Mann, Implan Organizations: Service, Hurricanes, National Oceanic, Atmospheric Administration, NOAA, University of Pennsylvania, Oxford Economics, Boeing, Milton, Potsdam Institute, Climate Impact Research Locations: Florida, North Carolina, Milton

☆ Israel's strike back at Iran could hurt the Harris campaign in its final stretch if gas prices soar
▼ + stars: | 2024-10-05 | by ( Brent D. Griffiths | Chris Panella | ) www.businessinsider.com time to read: +12 min

The move could drive oil prices up further, creating a headache for Harris' campaign. If Israel did strike Iran's oil, it would likely have two main targets. Then, on Thursday, he said the US and Israel were discussing whether the US would support Israel striking Iran's oil facilities. Biden has indicated there are conversations between the US and Israel about whether Iran's oil facilities are a legitimate retaliatory strike option. Back in September, global oil prices fell to the lowest level in almost three years, and the US has seen a historic year of oil production.

Persons: Israel, Harris, —, Kamala Harris, Patrick De Haan, De Haan, Clay Seigle, Siegle, ATTA KENARE, Kit Haines, Haines, Hassan Nasrallah, Ismail Haniyeh, Biden, Benjamin Netanyahu, Netanyahu, Wisam, Seigle, Joe Biden, backtrack, Michael M, Nicholas Carl, there's, Privately, JIM WATSON Organizations: Service, Incumbents, Getty, Analysts, Energy, Wednesday, National Iranian Tanker Company, American Enterprise, Business, Publicly Locations: Iran, Israel, Ukraine, Tehran, Yemen, AFP, Hormuz, Saudi, Anadolu, Russia

Spruce Pine, North Carolina has no running water or electricity, more than a week after Helene ripped through the town of 2,200. Mines in Spruce Pine produce the world’s purest form of quartz, which plays a central role in chip manufacturing. Now, the town’s exceedingly valuable supply of high-purity quartz is at risk, threatening to cripple the $600 billion global semiconductor industry. “The Spruce Pine community has been hit particularly hard,” Sibelco said in a statement on Sept. 30. For the semiconductor industry, the challenges that any long-term disruption to the Spruce Pine mines would present cannot be overstated, experts say.

Persons: Hurricane Helene, Helene, ” Sibelco, “, ”, Lita Shon, Roy, Spencer Bost, “ it’s, Shon, ” Shon, Dustin Mulvaney, ” Mulvaney Organizations: Mines, Quartz Corp, National Weather Service, Downtown, San Jose State University Locations: Hurricane, Spruce Pine , North Carolina, China, Asia, North Carolina, “, Downtown Spruce

Piper Sandler upgraded shares of Salesforce to overweight, with its new price target implying upside of more than 20%. Helfstein placed a $45 price target on shares, implying about 48% upside from Monday's close. Along with the downgrade, Low reduced the firm's oil price target to $75 from $80 a barrel. — Samantha Subin 6:02 a.m.: Jefferies downgrades Starbucks to underperform Jefferies is bracing for more troubles ahead for shares of Starbucks . SBUX mountain 2024-06-28 SBUX in Q3 — Samantha Subin 5:45 a.m.: Piper Sandler upgrades Salesforce Piper Sandler is turning more bullish on shares of Salesforce .

Persons: Piper Sandler, Lowe's, Oppenheimer, Jason Helfstein, Pinterest, Helfstein, — Samantha Subin, Jefferies, Keith Devas, Samantha Subin, Peter Low, underperform Jefferies, Andy Barish, Barish, they've, Salesforce Piper Sandler, Brent Bracelin, Bracelin, Brian Nagel, Nagel, it's, Fred Imbert Organizations: CNBC, Oppenheimer, Amazon, Google, Kenvue, Atlantic, Exxon Mobil, BP, Starbucks, U.S, Federal Reserve Locations: China, Salesforce, Monday's

☆ Gold set for weekly gain on Fed rate cut boost
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: +2 min

Gold lingered near record high levels on Friday and was on track for a weekly gain after the Federal Reserve's recent super-sized interest rate reduction and on signs that further cuts were on the horizon. Spot gold rose 0.2% to $2,592.17 per ounce, as of 0309 GMT, up about 0.6% for the week so far. Bullion rose to a record high of $2,599.92 on Wednesday after the Fed began easing monetary policy with a half-percentage-point rate cut. "Gold prices are expected to be well supported in the coming months due to a weaker U.S. dollar and lower bond yields, as well as against a backdrop of elevated geopolitical tensions," BMI said in a note. Spot silver rose nearly 1% to $31.09 per ounce and palladium gained 0.6% to $1,086.75.

Persons: Gold, Kyle Rodda Organizations: Federal, Fed, Capital.com, BMI Locations: Birmingham, England, Capital.com . Lower U.S, East, Lebanon, Israel, Lebanese, China, Switzerland

☆ DryMerge aims to link your apps in one place. Here's the 8-page pitch deck its Gen Z founders used to raise $2.2 million.
▼ + stars: | 2024-09-19 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

Edward Frazer and Sam Brashears have built software together since fourth grade, and that's exactly what they'll start with if you're a venture capitalist listening to their pitch for funding. The two 22-year-old cofounders and longtime friends started developing the API integration software known as DryMerge last year. "Sam and I have spent more time with each other than anyone else except probably our families, so we're just really, really good friends." When evaluating team risk, VCs also look for whether the co-founders can build the product the way they envision it. Here's the eight-page pitch deck that Frazer and Brashears used to secure their $2.2 million seed round for DryMerge.

Persons: Edward Frazer, Sam Brashears, Frazer, Slack, DryMerge, Sam, Brashears, VCs, they've Organizations: Service, Business, Garage Capital, Goodwater, Ritual, Yale University, University of Wisconsin Locations: Madison

☆ Russia is still passing $2 billion worth of its oil products to the West via middlemen, think tank says
▼ + stars: | 2024-09-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The West is still taking in billions worth of Russian oil products, a new think tank analysis shows. AdvertisementRussia is still passing off billions of dollars worth of oil products to the West — a sign that the West is still struggling to throttle Moscow's war revenue with strict sanctions. CREA data shows that Russia sold $1.3 billion worth of oil to three Turkish refineries in the first half of the year. G7+ nations, meanwhile, purchased around $2 billion of oil products of Russian origin from Turkish refiners, the think tank estimated. Turkey is the last-remaining "short-haul market" for Russian oil sent from its western ports, taking in around 210,000 barrels of Russian crude a day the last month, the outlet reported.

Persons: —, It's, crimp Organizations: Service, Centre for Research, Energy, Clean, Argus Media, Bloomberg Locations: Russia, Turkey, West, Turkish, Ukraine, ., New York

☆ Goldman recommends these energy stocks to play the slump in crude oil
▼ + stars: | 2024-09-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The sharp slump in crude oil this month has driven down energy stocks, but the pullback also presents an opportunity for investors to gain exposure to some high-quality companies, according to Goldman Sachs. Crude oil futures rebounded somewhat Wednesday, but the U.S. benchmark and Brent are still down about 8.5% and 10.4%, respectively, in September. Wall Street analysts have an average stock price target of $139 on Conoco, implying upside of nearly 37% from Wednesday's close of $102.57 per share, according to FactSet data. The Street has an average price target of $18 on Talos, suggesting nearly 70% upside from Wednesday's close of $10.84 per share, according to FactSet. EQT has an average target price of $43, based on the Street consensus among analysts, representing a return of 31% from Wednesday's close of $32.88 per share, according to FactSet.

Persons: Goldman Sachs, Brent, Goldman, Neil Mehta, Mehta, Conoco, Tim Duncan, EQT, — CNBC's Michael Bloom Organizations: Brent, ConocoPhillips, Wall Street, Talos, EQT Locations: U.S, Wednesday's

☆ Oil prices rebound on fears of supply disruption from tropical storm
▼ + stars: | 2024-09-11 | by ( ) www.cnbc.com time to read: +2 min

An oil pumpjack in the Inglewood Oil Field, seen from the Kenneth Hahn State Recreation Area, on July 13, 2022, in Los Angeles, California. Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand. OPEC also cut its 2025 global demand growth estimate to 1.74 million bpd from 1.78 million bpd. But the U.S. Energy Information Administration said on Tuesday global oil demand is set to grow to a bigger record this year while output growth will be smaller than prior forecasts. Meanwhile, China's daily crude oil imports rose last month to their highest in a year, customs data and Reuters records showed on Tuesday, as shipments staged a tentative recovery on lower crude oil prices and improving refining margins.

Persons: Kenneth Hahn, Brent, Hiroyuki Kikukawa, Storm Francine Organizations: Inglewood Oil, Recreation Area, Brent, NS, Nissan Securities, U.S, National Hurricane Center, U.S . Bureau of Safety, Environmental, Organization of, Petroleum, OPEC, U.S . Energy, Administration Locations: Inglewood, Los Angeles , California, Louisiana, Gulf, Mexico, U.S . Gulf, U.S

☆ Amazon is opening Fresh supermarkets after yearlong stall — but many locations remain vacant
▼ + stars: | 2024-09-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +9 min

In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNTWorkers stock shelves at an Amazon Fresh grocery store in Seattle, Washington, US, on Thursday, May 2, 2024. As part of the Fresh store redesign, Amazon created a more colorful layout and added Krispy Kreme donut and coffee stalls. "We like the early results a lot," Jassy said on the company's first-quarter earnings call in April, referring to the revamped Fresh stores. Amazon declined to comment on the status of the Fresh stores that remain unopened. "You walk into the Amazon Fresh store in Roseville and it feels like you're in a stainless steel wine cellar," Thill said.

Persons: David Ryder, Joe Knowles, Bensalem, it's, Andy Jassy's, Jassy, CNBC it's, It's, Ted Weill, AlbaneseCormier, Weill, they've, Brent Thill, Thill Organizations: Amazon, Bloomberg, Getty, CNBC, Foods, Walmart, Jefferies, Anadolu, Mart, Shoppers, Aldi, Rancho Mirage Locations: Seattle , Washington, US, Philadelphia, Bensalem , Pennsylvania, California , Illinois, Maryland , New Jersey, Virginia, Illinois, California, Amazon's, U.S, Woodland, Los Angeles, San Mateo , California, United States, Pennsylvania , New Jersey , New York , Florida, Washington, Florida, Mirage , California, Palm Springs, Italian, Sacramento, Roseville, Amazon

☆ U.S. crude oil sheds gains, falls more than 1% to trade below $68 per barrel as OPEC cuts forecast
▼ + stars: | 2024-09-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil futures on Tuesday fell more than 1%, shedding gains from the previous session as OPEC lowered its demand forecast for the second time in two months. OPEC now expects demand to grow by about 2 million barrels per day in 2024, some 80,000 bpd slower than its previous forecast. The group of oil producers sees demand growth of 1.7 million bpd next year, some 40,000 bpd lower than originally anticipated. OPEC had cut its demand outlook in August due to softening consumption in China, the world's largest crude importer. Here are Tuesday's energy prices:Worries about softening demand in China as electric vehicle sales surge has loomed over the oil market for months now.

Persons: Morgan Stanley Organizations: OPEC, Brent, Futures Locations: OPEC, China, Gulf

☆ I work on Tesla's Autopilot team. I watch hours of customers' driving videos every day and am monitored constantly.
▼ + stars: | 2024-09-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Business Insider has verified their identity and employment and corroborated their claims during our reporting on Tesla's Autopilot facilities. I didn't have any automotive or manufacturing experience before I began working on the Autopilot project. A Tesla has 9 different cameras that collect data the Autopilot team goes through in order to teach the Full Self-Driving and Autopilot software how to drive like a human. I spend hours everyday going over videos that were taken from customer cars and Tesla's in-house test drivers. AdvertisementWithin the program there are many different little projects that are all combined to create the greater Full Self-Driving and Autopilot experience.

Persons: Tesla, who'd, it's, you'd, I've Organizations: Service, Business, Tesla, Reuters Locations: Buffalo , New York

☆ Tesla Cybertruck is in a category of its own for better or worse
▼ + stars: | 2024-09-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTA Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit. Those were all words used to describe the Tesla Cybertruck during a 24-hour rental of the vehicle in metropolitan Detroit. Fronts of the Ford F-150 Lightning, Tesla Cybertruck and GMC Sierra Denali EVs (left to right). The Tesla Cybertruck is unveiled at Tesla's design studio on Nov. 21, 2019, in Hawthorne, Calif. A Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit.

Persons: Tesla, Michael Wayland, It's, Terry Woychowski, Elon Musk Organizations: CNBC, Ford, Chevrolet, Tesla, GMC Sierra Denali, YouTube, General Motors, Ford Motor, Rivian Automotive, Hummer, Renaissance Center, Tech, GMC, Caresoft, GMC Hummer, GM Locations: Detroit, Chevrolet El, Hawthorne , Calif

☆ Russian sailors are practicing flying drones in swings so they can hunt Ukraine's exploding drone boats from warships on the waves
▼ + stars: | 2024-08-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

The channel said drones are in "great demand" among sailors and can "effectively combat" naval drones. A more cost-effective solution for Russia to defeat Ukrainian drones could be to use its own drones. Russia can use the FPV drones for a range of missions, including intelligence, surveillance, target acquisition, and reconnaissance purposes, in addition to threat elimination. AdvertisementUsing swings to mimic the motion of waves in adverse weather is a relatively new aspect of this training, Bendett said. Little is known about Russia's naval drone program, but these systems will likely be used beyond training scenarios.

Persons: —, WivAYjES2s, ILkFbR1VI5 — Samuel Bendett, Samuel Bendett, Bendett, it's, Pavlo Bahmut Organizations: Service, Business, Zvezda, Black, Fleet, Ukrainian, Center for Naval Analyses, Ukraine's Security Service, AP, Magura, Publishing, Getty Locations: Russia, Gulf of Finland, Russian, Ukraine, Crimean, Moscow, Ukrainian, Kyiv

☆ The United States and Europe need China for clean energy. They will pay a price to break free
▼ + stars: | 2024-08-14 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

London CNN —The United States and Europe are racing to narrow China’s commanding lead in clean energy technologies, throwing subsidies at local manufacturers and hiking tariffs on Chinese imports in a strikingly protectionist turn. Without China’s electric vehicles (EVs), solar panels, wind turbines, and batteries, reducing planet-heating pollution could take longer and ultimately increase costs for businesses and consumers. Beijing’s virtual monopoly on the processing of some critical minerals comes with particular risks for the global green transition. Zhu Haipeng/VCG/APAny delay in switching to clean energy will exact a heavy toll on the planet. Birol at the IEA also advocates for trade policies that diversify supply chains while reducing the risk of delays to the clean energy transition.

Persons: “, Margrethe Vestager, ”, ” Fatih Birol, David G, Victor, Michael R, Davidson, ” Victor, Pierre, Olivier Gourinchas, Zhu Haipeng, Victor of, Birol, don’t Organizations: London CNN, Russia, Getty, ”, International Energy Agency, Global, University of California, CNN, Monetary Fund, McKinsey Global Institute, Victor of University of California, IEA Locations: United States, Europe, China, Lianyungang, Washington, Netherlands, Japan, Beijing, of Taicang, Suzhou, Brookings, University of California San Diego, Fuzhou, Victor of University of California San Diego

☆ Ukraine is striking targets hundreds of miles inside Russia for 3 key reasons, experts say
▼ + stars: | 2024-08-10 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

While the news grabbed headlines, it was not the first time that Ukraine has reportedly targeted sites deep within Russia. AdvertisementUkraine does not currently have permission to use long-range guided weapons such as the ATACMS to hit such targets inside Russia. While striking targets so far from the frontline may be seen as Ukraine spreading itself rather thinly, such attacks have three key benefits, experts told BI. "Russia has already adapted its air defense posture following previous drone strikes and reportedly has stood up mobile counter-UAS [unmanned aircraft system] teams. Russia's S-400 is one of its most advanced air defense systems.

Persons: —, Mark Cancian, Cancian, Justin Bronk, Moscow's pocketbook, John Hardie, Hardie, hasn't, Bronk Organizations: Service, Business, Ukraine's Security Service, International Security, Centre, Strategic, International Studies, Stringer, Anadolu Agency, Getty, Ukraine, Royal United Services Institute, Russia, Foundation for Defense of Democracies, Bloomberg, Reuters Locations: Ukraine, Russian, Murmansk, Russia, Astrakhan, Bashkortostan, Moscow

☆ A software consultant who had an 805% gain trading stocks in 2023 shares his clearest and easiest pattern to identify a breakout
▼ + stars: | 2024-08-10 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

The third pattern he looks for, which he picked up from Minervini, is the volatility contraction pattern (VCP). AdvertisementIntraday VCPThe VCP pattern can be spotted over multiple days or weeks. The spike in green volume bars parallel to the first price spike demonstrates this in the chart below. AdvertisementFor Gajjala, it's an easier pattern to trade because the contraction period is longer than other patterns he watches for. Below is an example of a trade Gajjala took on Syntec Optics Holdings (OPTX) on November 17.

Persons: aren't, Gajjala, Mark Minervini, Norman Zadeh Organizations: Service, US, Business, Syntec Optics Holdings Locations: Dallas, Minervini

☆ CNBC Daily Open: Nasdaq in correction territory; Berkshire's cash holdings reach record high
▼ + stars: | 2024-08-05 | by ( Kevin Lim | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Nasdaq Composite dropped 2.43% and is now in correction territory, having declined more than 10% from its recent high. The unemployment rate rose to 4.3%, the highest since October 2021 when the global economy was still reeling from the Covid-19 pandemic. The stocks had to pass several criteria, including receiving five or more earnings upgrades in the past three months.

Persons: Warren Buffett Organizations: New York Stock Exchange, CNBC, Dow Jones Industrial, Nasdaq, Treasury, Federal, Berkshire Hathaway's, Apple . Berkshire, Exxon, Chevron, CNBC Pro Locations: New York City, Apple ., Berkshire, Guyana, U.S, San Ramon , California, Houston , Texas

☆ CNBC Daily Open: Markets fall with Japan stocks in bear territory; Berkshire's cash hoard at record high
▼ + stars: | 2024-08-05 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Jobs shock hits stocksU.S. stocks plummeted on Friday after a weaker-than-expected jobs report added to fears of a recession. The Nasdaq Composite dropped 2.43% and is now in correction territory, having declined more than 10% from its recent high. Asian stocks plungeAsian stocks continued to sell-off on Monday, with the Japanese market confirming a bear market. The stocks had to pass several criteria, including receiving five or more earnings upgrades in the past three months.

Persons: Topix, Taiwan's Taiex, Warren Buffett Organizations: New York Stock Exchange, CNBC, Dow Jones Industrial, Nasdaq, Treasury, Federal, Nikkei, CSI, Berkshire Hathaway's, Apple . Berkshire, Exxon, Chevron, CNBC Pro Locations: New York City, China, Apple ., Berkshire, Guyana, U.S, San Ramon , California, Houston , Texas

☆ Oil set to fall for fourth week as demand concerns weigh on sentiment
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: +2 min

Brent crude futures gained 33 cents, or 0.4%, to $79.85 a barrel by 0020 GMT, after falling 1.5% in the previous session, while U.S. West Texas Intermediate crude futures rose 38 cents, or 0.5%, to $76.69, after a 2.1% drop on Thursday. On a weekly basis, Brent futures are on track to fall 1.7%, while WTI futures are set to drop 1.1%. "Markets continue to remain wary of Chinese oil demand after June data came in weaker-than-expected," analysts at consultancy firm FGE said. Asia's crude oil imports dropped to the lowest in two years in July on weak demand in China and India, according to data compiled by LSEG Oil Research. Still, the outlook for Chinese crude oil imports is brightening, FGE analysts noted, citing an increase in strategic purchases and a recovery in refining rates in the country.

Persons: Brent, FGE Organizations: Brent, U.S, West Texas, LSEG Oil Research Locations: Long Beach , California, United States, Europe, Asia, China, India, Iran, Israel

☆ Exxon earnings beat as production in Guyana and Permian sets a record
▼ + stars: | 2024-08-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

ExxonMobil on Friday posted its second highest results for the second quarter in the past decade, as the company achieved record production in Guyana and the Permian Basin. Exxon shares rose more than 1% before the market opened. Revenue rose to $93.06 billion from $82.91 billion a year ago, which was enough to top analysts estimates of $90.99 billion, according to LSEG. Production grew by 15%, or 574,000 barrels per day, to 4.4 million barrels per day from the first quarter, driven by records in Guyana and the Permian. Exxon shares have rise nearly 17% since the start of 2024.

Organizations: Exxon Mobil, Washington , D.C, ExxonMobil, Exxon, LSEG, Natural Resources Locations: Washington ,, Guyana, Capital

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