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☆ Reaction to Reuters report on potential Ping An rescue of Country Garden
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +4 min

EUGENE LAW, DIRECTOR OF CHINA GALAXY INTERNATIONAL:"If the central government steps in to help Country Garden, it's for easing the debt crisis and preventing a spillover to financial institutions. But it will not help the China property market, which depends on factors, including employment and consumer confidence. Homebuyers would not rush to buy property just because Country Garden gets out of trouble. For the broader property market, the key is still home sales." Country Garden may have reached a tipping point where it will need more liquidity to fulfill such a policy goal.

Persons: Tyrone Siu, Ping, EUGENE LAW, Homebuyers, MICHAEL WONG, XU TIANCHEN, YAO, homebuyers, GARY NG, Clare Jim, Anne Marie Roantree, Edwina Gibbs, Kim Coghill Organizations: Ping An Insurance, REUTERS, Ping An Insurance Group, HK, Reuters, LU, OF CHINA GALAXY, Garden, Central Financial Work Conference, Thomson Locations: Shenzhen, China, HONG KONG

☆ Why market timing doesn't work: S&P 500 is up 14% this year, but just 8 days explain the gains
▼ + stars: | 2023-11-08 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The S&P 500 is up 14% this year, but just eight days that explain most of the gains. If you want a simple indication of why market timing is not an effective investment strategy, take a look at the data on the S&P 500 year to date. How to explain that the S&P is up 14% but the number of up days is about the same as the down days? Here's a hypothetical example of an investment in the S&P 500 over 50 years. The key to investing is not market timing: it is consistent investing, and understanding your own risk tolerance.

Persons: Nicholas Colas, there's, JP Morgan, Colas Organizations: New York Stock Exchange, Federal Reserve, Facebook, Netflix, JP, Signature Bank Locations: Republic

☆ Here are Wednesday's biggest analyst calls: Apple, Rivian, Datadog, DraftKings, Lucid, Target, Adobe & more
▼ + stars: | 2023-11-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: UBS reiterates Apple as neutral UBS said its checks show wait times for Apple's iPhone Pro and Pro Max have fallen. UBS reiterates Target as buy UBS lowered its price target on the stock to $174 per share from $184 but said it's standing by Target shares. Bank of America upgrades Fluence Energy to buy from neutral Bank of America said the energy storage is the next big thing in renewables. Bank of America reiterates Rivian as buy Bank of America said Rivian is "still in [the] right place/time with right product/strategy." Bank of America reiterates DraftKings as buy Bank of America said it's bullish heading in to DraftKing's investor day next week.

Persons: Pro Max, Wells, Isaac, it's, Cantor Fitzgerald, Cantor, TD Cowen downgrades Estee Lauder, Estee Lauder, Rivian, it's bullish, Goldman Sachs, Goldman, Raymond James downgrades Masimo, Raymond James, DraftKings, Bernstein, Mizuho downgrades Datadog, DDOG, MCHP Organizations: UBS, Apple, Pro, Target, 3Q, Citi, Bank of America, Energy, of America, South Korea Travel, EV, Susquehanna, TAM, Adobe, Mizuho, JPMorgan Locations: China, Europe, Japan, Mainland China, Hainan, MASI, bottoming

McConnell said he is aligned with Biden's “comprehensive approach” to funding Ukraine, Israel and other regions, but Republicans are “very serious” about including the border changes. “What we saw from Senate Republicans is not a serious piece of legislation," press secretary Karine Jean-Pierre said. House Republicans are veering dramatically from the agreement Biden and McCarthy struck earlier this year to set spending levels. House Republicans are cutting money for most departments except the Pentagon, while the Senate also boosts defense and has shifted some resources. The House Republicans spent most of last month struggling to elect a new speaker before settling on Johnson.

Persons: Mike Johnson, Kevin McCarthy, ” Johnson, “, Johnson, Joe Biden's, ”, Chuck Schumer, I've, Mitch McConnell, Kentucky, Biden, Janet Yellen, McConnell, Karine Jean, Pierre, Donald Trump, Sen, Patty Murray, Vladimir Putin, Putin, Chris Murphy, Conn, McCarthy, Kelly Armstrong, Kevin Freking, Seung Min Kim, Mary Clare Jalonick Organizations: WASHINGTON, Republican, Ukraine, Russia, New, Republicans, GOP, Democrats, Senate, Senate Republican, U.S ., Pentagon, Freedom Caucus, Associated Press Locations: Israel, Ukraine, Asia, Pacific, Russia, U.S, Mexico, Kyiv, Johnson, North Dakota

☆ Consumers are still spending, but they're under pressure. These stocks still have room to run
▼ + stars: | 2023-11-06 | by ( Pia Singh | ) www.cnbc.com time to read: +12 min

Persistent inflationary pressures have led to depressed levels of consumer spending all year, according to Bank of America. Consumers are still spending — in fact, they're spending more than they are earning — as employment levels and hourly wage growth remain fairly strong . Some analysts see an opportunity to pick up shares of battered-down retail stocks. According to Barclay's Yih, spending levels "almost have to be worse" next year. LPL's Roach similarly expects consumers spending to hit a roadblock in the coming months.

Persons: bode, Neuberger Berman, Steve Eisman, Jeffrey Roach, Adrienne Yih, Yih, Randy Hare, Ross, Polly Wong, Belardi Wong, James Lewis, Huntington's Hare, Bartlett, Chris Kempczinski, Lewis, …, it's, Anthony Chukumba, Chukumba, Wells, Ike Boruchow, Kathleen Entwistle, Entwistle, LPL's Roach, Morgan Stanley's Entwistle, Barclay's Yih, Roach Organizations: Bank of America, CNBC, Consumers, Barclays, Ross, Huntington National Bank, Bartlett Wealth Management, Walmart, Retailers, Republic, Urban Outfitters, Eagle Outfitters, National, Capital, National Vision, Nike, Ross Stores, Morgan Stanley Private Wealth Management, Investments, Citizens JMP Securities, Delta Air Lines, Deutsche Bank Locations: U.S, Wells Fargo

A year before the 2024 election, a divided nation is stuck in a political loop: President Trump’s weaknesses helped deliver President Biden to the White House, and now the incumbent’s vulnerabilities could lead his predecessor to a comeback. Biden, the nation’s oldest president at age 80, is poised to reclaim the party’s nomination, yet he has been dogged with questions about his age, frustration over his handling of the economy and anxiety about two wars. Trump, 77, has a comfortable lead as he seeks the Republican nomination for a third time, even as many moderate and independent voters are repelled by his repeated efforts to overturn the 2020 elections results and the many criminal indictments he faces.

Persons: Biden Organizations: White

☆ Israeli mother of Gaza hostage: 'I try to keep my thoughts on her'
▼ + stars: | 2023-11-05 | by ( Joseph Campbell | ) www.reuters.com time to read: +3 min

"You can't go around not seeing that footage somewhere because they kept showing it in a loop," said her mother, Ayelet Levy Shachar, occasionally fighting back tears. "I try to keep my thoughts on her coming back and how she comes back to me," said Levy Shachar, who said she talks to her daughter continuously in her mind, imagining her situation, perhaps held in one of the web of tunnels built by Hamas that run beneath Gaza. "Look at the films that are out there," said Levy Shachar, referring to the footage of the attack that floods social media. Only four hostages have so far been released while another one was rescued by Israeli troops. Levy Shachar said she occasionally attends rallies to call for the hostages to be brought back but mostly she just thinks of her daughter.

Persons: Naama Levy, Levy, Ayelet Levy Shachar, Levy Shachar, Evelyn Hockstein, James Mackenzie, Conor Humphries Organizations: Israel, Thomson Locations: Israel, Gaza, Tel Aviv

They trailed 9-7 at the half and Rutgers appeared ready to add to that lead when they took the opening kickoff drove to the Ohio State 20. Hancock grabbed the fluttering ball, turned and headed upfield and never stopped to give Ohio State a 14-9 lead. Ohio State, who was limited to 328 yards, made the score margin look bigger in a game it was clearly threatened. THE TAKEAWAYOhio State: Ohio State still have not given up more than 17 points this season. Ohio State figures to stay at No.

Persons: Jordan Hancock, Kyle McCord, Marvin Harrison Jr, TreVeyon Henderson, Gavin Wimsatt, JaQuae Jackson, Jai Petel, Kyle Monangai, Wimsatt, Josh Proctor, Hancock, Henderson, Jackson, Harrison, Patel, Mohamed Toure, Monangai, McCord, Gee Scott Jr, Greg Schiano's Organizations: Ohio State, Buckeyes, Rutgers, Knights, CFP, Ohio, SHI, Scarlet Knights, Football, Michigan State, Hawkeyes, AP Locations: PISCATAWAY, N.J, Ohio State, Travel, Iowa

We are actually going to be looking at this in the very early days of generative AI. casey newtonYeah, this feels like one of the big questions in AI right now. rebecca tushnetSo I see why you say that’s strange, but in fact, it’s exactly how you would make a general-purpose tool. But now, finally, along come these new technologies to take them down a peg, and they’re actually going to have to work for a living. So maybe they’re slapping, like, AI sort of things around the stories that they’re aggregating.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton Dots, casey newton, they’re, kevin roose —, casey newton Dot, CASEY, Biden, Mr, kevin roose I’m Kevin Russo, ” casey newton, Casey Newton, Rebecca Tushnet, casey newton Kevin, I’d, Rachel, kevin roose Aw, Harry Potter, kevin roose Wow, SpongeBob, Chuck Schumer, let’s, it’s, Claude, kevin roose Totally, casey newton Yes, Yann LeCun, It’s, you’re, you’ve, Sam Altman, Dario Amodei, kevin roose I’ve, Arati Prabhakar, arati prabhakar, Ben Buchanan, ben buchanan, casey newton Well, Dodd, Frank, I’m, kevin roose Will, You’ve, kevin roose God, kevin roose Hey, Casey, we’ve, Sarah Anderson, who’s, Emad Mostaque, Anderson, weren’t, Kevin, — casey newton, ” rebecca tushnet, rebecca tushnet, that’s, there’s, casey newton Right, I’ve, “ Barbie, “ Barbie ”, Sarah Anderson’s, rebecca tushnet It’s, Barbie, casey newton I’m, Rebecca, Westlaw, we’re, Cory Doctorow, what’s, casey newton Um, Pattie, it’s minty, Patties, Let’s, casey newton No, it’ll, casey newton That’s, KEVIN, “ Joe Biden, ’, Bruce Reed, Joe Biden, ” ‘, Reed, Camp David, Biden’s, —, kevin roose Jack, Jack, ”, Lily James, kevin roose Oh, kevin roose Ugh, kevin roose Horrible, kevin roose “ Cruise, ” “ Cruise, They’re, haven’t, casey newton Close, kevin roose It’s, Guy, casey newton I’ve, Newton Organizations: Target, Opera, The New York Times, White, White House, casey newton People, Google, casey, Science, Technology, Defense Department, Biden White House, Communications, Department of Commerce, European Union, Harvard Law, Midjourney, Copyright, Stability, Harvard Law School, Associated Press, Adobe, Starbucks, Disney, YouTube, Stetson, Media, Biden, NVIDIA, Variety, Staff, Associated, Microsoft, Guardian, General Motors, Cruise, House Locations: Washington, Bikini, Valley, OpenAI, Anthropic, Silicon Valley, Europe, America, York, They’re, Camp, Sydney, United States, California, Austin , Texas, Phoenix, Dallas , Houston, Miami, San Francisco, Franciscans

By then, county officials were seeing the area’s fatal opioid overdose toll tick up. “We were grossly underprepared, like I think many places across the country were, for the opioid epidemic,” Stuby said. Like hundreds of U.S. communities, it's launched a drug court where people can avoid jail if they work on recovery. They can lead to an entry-level certificate for work in the field — a partial answer to a recovery workforce crunch. His research has shown that recovery support services — such as housing, community centers and peer coaching — can help.

Persons: ”, Precia Stuby, “, Stuby, Jesse Johnson, Johnson, Anonymous, ” Stuby, didn’t, —, ” Johnson, it's, Kerri Kostic, Kostic, God, Meelee Kim, “ It’s, John F, Kelly, ____, haven't, Misty Weaver, Weaver, ___ Christina McCarver, ‘ Let’s, who's, McCarver, William Mull, Cory Kinn, “ That’s, they’ve, ___, she’s, I’ve, ” ___ Johnson, Patrick Orsagos Organizations: —, Findlay, Technology, University of Findlay, Brandeis University, Harvard Medical School, Family Resource, AP, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group Locations: FINDLAY , Ohio, Findlay, Hancock, drugmakers, Hancock County, U.S, Toledo, Mull, COVID, Washington

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Amazon, Uber, Coinbase, Carvana, Starbucks & more
▼ + stars: | 2023-11-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Friday biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by Apple shares after its earnings report on Thursday. Berenberg downgrades Estee Lauder to hold from buy Berenberg downgraded the stock after its disappointing earnings report earlier this week. Morgan Stanley reiterates Carvana as underweight Morgan Stanley said it's sticking with its underweight rating on the stock after its earnings report on Thursday. " Evercore ISI downgrades Fortinet to in line from outperform Evercore downgraded the cybersecurity company after its earnings report. JPMorgan reiterates Starbucks as overweight JPMorgan said the coffee giant is "still one to buy" after its earnings report on Thursday. "

Persons: Morgan Stanley, Apple, it's, downgrades Estee Lauder, Estée Lauder, Piper Sandler, Piper, OMCL, Key, Wolfe, Mizuho, C27E, JPMorgan downgrades, Papa John's, PZZA, Raymond James, Carvana, CVNA, Redburn, JPMorgan, SBUX, Guggenheim, GNRC Organizations: Apple, DOJ, Uber, Deutsche Bank, Molson Coors, Deutsche, HSBC, Moderna, Nvidia, Mizuho, JPMorgan, JPMorgan downgrades Fox, FOX, Barclays, Retail, Evercore, billings, Guggenheim, Citi, Cedar, Flags, ~$

☆ Opinion: Matthew Perry wanted to escape being Chandler Bing
▼ + stars: | 2023-11-02 | by ( Jane Carr | Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

Commentators have paid tribute to Perry and to Chandler in equal measure. As Perry made clear in his 2022 autobiography, “Friends, Lovers, and the Big Terrible Thing,” it did not. Chandler, Perry insisted, was a front. Three weeks before his audition for “Friends,” Perry said he fell to his knees and prayed “God, you can do whatever you want to me. Though Perry wanted to escape Chandler, he kept him around, because heaven forbid anyone saw what he was hiding.

Persons: Holly Thomas, Katie Couric, Matthew Perry, Chandler Bing, Holly Thomas Holly Thomas, Perry, Chandler, they’d, ”, he’d, , ” Perry, “, Perry’s, unencumbered, Monica, Jennifer Aniston, George Clooney, Michael J, ’, couldn’t, Roger Organizations: Katie Couric Media, CNN, “, Fox Locations: London, Los Angeles, New York, Canada

☆ TJMaxx is quietly closing stores in New York and Chicago. Here are the confirmed locations.
▼ + stars: | 2023-11-02 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

TJ Maxx is closing two stores in New York and Chicago. Marshalls is closing a store in New York. The closures come as parent company TJX reassesses its real estate strategies. AdvertisementAdvertisementTJX, the parent company of TJ Maxx, Marshalls, and HomeGoods brands, is closing stores in Brooklyn, the Bronx, and Chicago. On Tuesday, Block Club Chicago reported that a TJ Maxx store in the South Loop neighborhood of Chicago would close on January 6th.

Persons: TJ Maxx, —, TJX, TJ, John Joseph Klinger Organizations: Marshalls, Service, TJX Companies, Bronx News, Bronx ., Block Club Chicago, TJ Maxx, Fulton Locations: New York, Chicago, Brooklyn, Bronx, Canal St, Chicago , Illinois, , Brooklyn , New York, Bronx , New York

☆ America's cities are vying for a hot new title: best place to ride out the coming dystopia
▼ + stars: | 2023-11-02 | by ( Matthew E. Kahn | ) www.businessinsider.com time to read: +14 min

For decades, cities have duked it out for titles like "best city for business" or "healthiest city in America," but now they're starting to compete for a new title: best place to ride out dystopia. While Sun Belt cities are working to mitigate these challenges, the increased risks also create an opportunity for once forgotten cities. The declaration has been followed up with investments in key areas — climate resilience was one of the four pillars that made up the city's four-year strategic plan released at the start of 2023. And the cities that could become climate havens have their weather downsides — Buffalo will still have some harsh winters, too. If Buffalo, Detroit, Pittsburgh, and other cities succeed in their climate-resilience agendas, they will grow, attracting residents from more at-risk areas of the country.

Persons: Tesla, Byron Brown, Redfin, Matthew E, Kahn Organizations: Los Angeles, Fortune, Sun, National Oceanic, Atmospheric Administration, Association of Environmental, Federal Emergency Management Agency, FBI, Street Foundation, Pittsburgh, The New York Times, University of Southern, Hoover Institution Locations: America, West, Midwest, Dallas, Houston, Atlanta, Buffalo , New York, Detroit, USA, Florida, California, South, Baltimore, Cincinnati, Phoenix, Angeles County, Miami, Dade County, Lake Erie, Buffalo, Duluth , Minnesota, Grand Rapids , Michigan, Chicago, Northern, Pittsburgh, Rust, Los Angeles, University of Southern California

☆ Investing in Space: Regulatory hold up keeps Varda spacecraft stuck in orbit
▼ + stars: | 2023-11-02 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. There's a small spacecraft zipping around Earth right now, but, unlike most satellites in orbit, it wants to come down. The launch went great, the spacecraft has been healthy, drugs were made, but the necessary license for capsule reentry has not been granted. That may make sense for launch but it's a bit more difficult for reentry," Asparouhov said. How the stratosphere reacts to a reentry capsule in September is very different than February, which is very different than June."

Persons: CNBC's Michael Sheetz, it's, Varda —, Delian Asparouhov, Varda's, Varda, Asparouhov, " Varda Organizations: Air Force's Utah, Federal Aviation, Air Force, FAA Locations: Varda, Australia, Utah

☆ A Taylor Swift Airbnb is a bachelorette dream home where megafans can bask in her "Eras" for up to $1,400 a night
▼ + stars: | 2023-11-01 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

An Arizona Airbnb with rooms themed around Taylor Swift's different "Eras" is welcoming guests soon. AdvertisementAdvertisementTwo months ago, interior designer Kelly Straka had never listened to Taylor Swift's music. Straka said her favorite one has been for the "Reputation" room, which leans heavily on newspaper imagery, like the album's front cover. The "Reputation" room. Courtesy of Kelly StrakaStraka's favorite detail has been the flow between the different rooms and eras.

Persons: Taylor, —, Kelly Straka, It's, Straka, Kelly Straka Straka, Taylor Swift, she's, Swift Organizations: Service, Facebook, Home Locations: Arizona, Scottsdale , Arizona, Scottsdale

☆ Here are Wednesday's biggest analyst calls: Apple, Meta, Boeing, AMD, Carvana, Ford, Robinhood & more
▼ + stars: | 2023-11-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Wednesday: UBS reiterates Advanced Micro Devices as buy UBS said it's standing by its buy rating on the chipmaker after its earnings report on Tuesday. Goldman Sachs downgrades ZoomInfo Technologies as buy Goldman downgraded the stock after its "mixed" earnings report citing lower visibility. UBS upgrades JD.com to buy from neutral UBS said shares of the Chinese retailer are attractive. " UBS reiterates Apple as neutral UBS said its checks show Apple's iPhone wait times are lower. TD Cowen reiterates Carvana as market perform TD said it's cautious heading into the used car company's earnings report on Thursday.

Persons: it's, TD Cowen, Piper Sandler, Piper, Polestar, Goldman Sachs, Goldman, Morgan Stanley, Bernstein, Price, Cantor Fitzgerald, VinFast, Cantor, it's bullish, JD, Mizuho, Robinhood, HOOD, Carvana Organizations: UBS, Devices, EV, Technologies, Bank of America, of America, UAW, Barclays, Ford, General Motors, Meta, JPMorgan, Boeing, Goldman, NRG Energy, Guggenheim, Management, Clear Messaging, Deutsche Bank, Deutsche, Apple, BP, UW Locations: Asia, Europe, North America

☆ Sam Bankman-Fried lied under oath to shape his story around ex-friends who testified against him, prosecutors say in scathing closing argument
▼ + stars: | 2023-11-01 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +6 min

Prosecutors say Sam Bankman-Fried lied under oath on the witness stand. AdvertisementAdvertisementIn closing arguments for Sam Bankman-Fried's criminal trial Wednesday, prosecutors say the disgraced cryptocurrency mogul repeatedly lied on the witness stand. Prosecutors allege Bankman-Fried defrauded millions of FTX customers by stealing their deposits and using them for Alameda. He used the money, prosecutors say, for personal investments, to repay loans, in extravagant advertising, to buy properties around the world, and for political donations. AdvertisementAdvertisementAlameda's account on FTX, Roos pointed out, did not even have the spot-margin trading option enabled.

Persons: Sam Bankman, Fried, —, he's, Nicholas Roos, Roos, Mark Cohen, Danielle Sassoon, — Caroline Ellison, Gary Wang, Nashad Singh —, Ryan Salame, Adam Yedidia, Sun Organizations: Service, MIT, Alameda Research, Miami Heat, Prosecutors Locations: Manhattan, Bankman, Alameda, FTX, Washington

☆ AI is making its way into the courtroom and legal process
▼ + stars: | 2023-11-01 | by ( Rachel Curry | ) www.cnbc.com time to read: +2 min

"AI is really reaching all aspects of the law," said Wayne Cohen, managing partner at Cohen & Cohen and a law professor at the George Washington University School of Law. While the current use of AI in the U.S. legal industry operates intensely behind the scenes, it's inching further into the front lines of the courtroom. Jason Boehmig, CEO and co-founder of digital contract company Ironclad and who has experience as a corporate attorney, said AI can review a company's legal contracts, learning its preferred language and drafting and negotiating contracts in the organization's historic legal voice. On the spectrum of the legal system, the businesses on either end of the contract arguably have less to lose than, say, an individual whose basic freedoms are at stake. In all of these applications, experts say the ideal situation is for humans to review AI's work.

Persons: Wayne Cohen, Cohen & Cohen, it's inching, Cohen, it's, Jackie Schafer, Schafer, Clearbrief, that's, Jason Boehmig, Boehmig Organizations: Center for Strategic, International Studies, Cohen &, George Washington University School of Law Locations: U.S, Washington

☆ The US is borrowing too much money, and that's what's driving rates higher, former Dallas Fed President says
▼ + stars: | 2023-10-31 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

The US is borrowing too much money and that's what is keeping rates up, the ex-Dallas Fed Chair says. AdvertisementAdvertisementThe higher for longer outlook for interest rates sparked a historic crash in Treasury bonds this month, but there's another factor that's set to keep yields higher going forward, and that's US fiscal policy. According to former Dallas Federal Reserve President Richard Fisher, massive government borrowing needed to fund massive spending will be a culprit of higher bond yields. "I believe what's driving rates higher and what will keep them higher for longer is our fiscal policy," Fisher told CNBC on Tuesday. Compounding the issue of soaring debt is rising interest rates, as borrowing costs rocket higher amid the Federal Reserve's fight against inflation.

Persons: Fisher, —, Richard Fisher, Rowe Price's Organizations: Dallas Fed, Service, Dallas Federal, CNBC, Treasury Locations: Europe

☆ Why some of the 'clean' hydrogen hubs in the U.S. plan to use natural gas, a fossil fuel
▼ + stars: | 2023-10-31 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

The others will use a combination of renewables, nuclear power, and natural gas with carbon capture and storage. Putting federal money behind a program to fight climate change while using natural gas, a fossil fuel, as one of its main ingredients may not seem intuitive. To wit, the Bipartisan Infrastructure Law, where the funding for the hydrogen hubs comes from, specifically required that two of the selected hydrogen hubs be located in natural gas-rich regions. Making hydrogen from natural gas with carbon capture will require additional energy and be more expensive than producing hydrogen from natural gas where the excess carbon emissions just spew into the atmosphere. That is what the U.S. government is trying to change with its hydrogen hubs program and the production tax credit.

Persons: Joe Biden, Elizabeth Flores, Jennifer Granholm, Rachel Fakhry, Fakhry, Jonathan Ernst, Kent, Sean Heinroth, Young's, That's, Heinroth, Tom Oakland, Wisconsin —, They've, Alex Kizer, Kizer Organizations: Cummins, Star Tribune, Getty, Swiss Army, U.S . Department of the Energy, Natural Resources Defense, Energy, Department of Energy, CNBC, Reuters, Infrastructure Law, Ernst, of Energy, North Dakota Department of Commerce, Oakland, EFI Foundation, U.S, Treasury Department Locations: America, Fridley, Minn, United States, U.S, Tioga, Philadelphia , Pennsylvania, Houston, Montana , North Dakota, Minnesota, Wisconsin, Washington

☆ The warped financial logic fueling America’s ‘doom loop’
▼ + stars: | 2023-10-31 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

Well, when a landlord doesn't lower the rent to get a new retail tenant, it's because that landlord can't. They're free to renegotiate or refinance the terms of mortgages, given the extraordinary downturn facing retail storefronts. And the future will be full of even higher vacancy rates, higher interest rates, and lower rents. Retail rents have flattened, she says, but the construction of retail space has not. Still, from an urban-planning standpoint, the way we finance retail space makes no sense.

Persons: You've, apocalypses, that's, It's, David Greensfelder, Greensfelder, Banks, what's, —, Larisa Ortiz, Ortiz, Justin Sullivan, Lorenzo Perez, I've, Rachel Meltzer, Kazuko Morgan, Perez, Culdesac, Something's, Meltzer, Adam Rogers Organizations: McKinsey & Company, Verizon, Republics, Harvard Locations: America, Urban, Manhattan, San Francisco, Market, vaya, What's, Phoenix, That's, LA, New York, Wakefield, Tempe , Arizona

☆ McConnell fights for his legacy as he sells a divided GOP on Ukraine funding
▼ + stars: | 2023-10-30 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Mitch McConnell is making a very public push to support additional US support for Ukraine. AdvertisementAdvertisementThe White House has asked for $105 billion for Israel, Ukraine, and to fund border security efforts. While some Senate Republicans are skeptical of Ukraine support, there is much greater opposition in the House. Before former Speaker Kevin McCarthy's historic ouster, a conservative revolt forced leaders to strip Ukraine aid from the massive bill that funds the Pentagon. The measure failed but 93 Republicans voted in favor of it.

Persons: Mitch McConnell, —, McConnell, Oksana Markarova, SpeakerMike Johnson, Joe Biden, Donald Trump, Johnson, Kevin McCarthy's, Marjorie Taylor Greene, Thomas Massie of, Israel, Greene, Matt Gaetz's Organizations: Ukraine, Republican, Service, University of Louisville, Politico, Pentagon, America, Twitter, GOP, Florida Rep Locations: Ukraine, Ukrainian, U.S, Israel, China, Russia, Iran, United States, Marjorie Taylor Greene of Georgia, Thomas Massie of Kentucky, Washington, Florida

☆ Lenovo is more than just PCs. Here's how they're focusing on sustainable and AI-focused solutions for customers.
▼ + stars: | 2023-10-30 | by ( Sponsor Post | Created Lenovo With Insider Studios | ) www.businessinsider.com time to read: +6 min

Lenovo still builds industry-leading devices, but these are seamlessly integrated with infrastructure, solutions, and services. By combining industry-leading, customer-centric intelligent devices with services such as consultancy, installation, operations, maintenance, and solutions, Lenovo is a trusted partner that turns vision into value across industries. Lenovo was an early mover, leveraging its TruScale Infrastructure Brand to launch the TruScale EaaS platform in 2021. Focusing on AIAt the heart of Lenovo's transformation is an unyielding commitment to Research and Development (R&D). As a global technology powerhouse, Lenovo is showing us that a PC company can be so much more.

Persons: ThinkReality VRX, they're, They're Organizations: Lenovo, Intelligence, Brand, Research, - Intelligence, Insider Studios

☆ A 27-year-old real-estate investor making up to $15,000 a month in revenue explains how to snag a multi-unit rental property below $200,000
▼ + stars: | 2023-10-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

A sweet spotBerman said his bank preapproved him for a $275,000 mortgage, so he had a budget to stay within. He reviewed active property listings on Apartments.com and Zillow to see the rental rates and what was successfully rented in the previous 30 days. That's less than half the amount and a much more manageable payment, Berman noted. On the pricier property, your overall interest payments amount to about $538,000 versus $250,000 on the cheaper property. You end up with a larger mortgage payment, he said.

Persons: Cody Berman, Berman, Price, It's Locations: Massachusetts, Connecticut, Rhode, Windham County , Connecticut

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