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☆ General Electric's final spinoff is days away. It's not too late to profit from the move
▼ + stars: | 2024-03-19 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +6 min

GE stock has been on a tear, outperforming the market over the past year, as investors bet that the company's break-up will unlock still more value. Since the health-care spinoff, GE shares have risen above $170 from the $60s. He expects anyone buying GE Vernova shares in April will get "a 50% move over the next fourteen months." GE's aerospace business benefits from a dominant market position where it leads in both widebody and narrowbody jet engines. Still, GE Vernova was a weak spot for the company since 2015, according to analysts.

Persons: haven't, FactSet, Gordon Haskett, Don Bilson, GE's, Andrew Obin, Obin, I've, Tony Bancroft, Scott Deuschle, Deuschle, Bancroft, Larry Culp, Culp, GE Vernova, Michael Bloom Organizations: GE Vernova, New York Stock Exchange, GE, GE Healthcare Technologies, General Electric, GE Healthcare, Bank of America, GE Aerospace, Gabelli, Aerospace & Defense ETF, Deutsche Bank, Bank, America's

☆ China's military, state media slam U.S. after report on SpaceX spy satellites
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: +1 min

Chinese military and state-run media on Sunday accused the United States of threatening global security, days after a Reuters report which found Elon Musk's SpaceX was building hundreds of spy satellites for a U.S. intelligence agency. Chinese military and state-run media on Sunday accused the United States of threatening global security, days after a Reuters report which found Elon Musk's SpaceX was building hundreds of spy satellites for a U.S. intelligence agency. A social media account run by the People's Liberation Army, or PLA, said the SpaceX program exposed the United States' "shamelessness and double standards" as Washington accuses Chinese tech companies of threatening U.S. security. "We urge U.S. companies to not help a villain do evil," Junzhengping, an account run by the PLA, posted on social media platform Weibo on Sunday. Wang Yanan, chief editor of Aerospace Knowledge, a magazine overseen by the ruling Communist Party, was quoted in an interview as saying the SpaceX satellite project posed "a challenge to global security and stability".

Persons: Elon, SpaceX's, Wang Yanan Organizations: Reuters, SpaceX, National Reconnaissance Office, NRO, People's Liberation Army, PLA, U.S ., Aerospace, Communist Party Locations: United States, Washington, U.S, Weibo

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Netflix, PepsiCo, Micron, Meta, Starbucks and more
▼ + stars: | 2024-03-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley reiterates Starbucks as overweight Morgan Stanley said it's standing by its overweight rating on Starbucks shares. Morgan Stanley upgrades Pepsi to overweight from equal weight Morgan Stanley said the beverage giant is undervalued. Morgan Stanley initiates Ball Corporation as equal weight Morgan Stanley initiated the beverage can company and says the stock is fairly valued right now. Morgan Stanley names LifeStance a top pick Morgan Stanley named the mental health company a top pick on Monday. Morgan Stanley reiterates Micron as underweight Morgan Stanley raised its price target on the stock to $78 per share from $74.75 and said it's sticking with its underweight rating heading into earnings later this week.

Persons: KeyBanc, Morgan Stanley, it's, Telsey, ESAB, Mizuho, Goldman Sachs, Tesla, Raymond James downgrades, Raymond James, LifeStance, Wolfe, Bernstein, Truist, Wells, Wells Fargo, F2Q Organizations: Apple, JPMorgan, 1Q, Meta, HSBC, Nvidia, Netflix, RBC, Howmet Aerospace, York Community Bank, Pepsi, Ball, Citi, Micron, IT, Downside, Bank of America, Taiwan Semiconductor, Pinnacle, of America, Pinnacle West Capital Corp, ISI, UBS, CCL Locations: Berlin, underperform, Taiwan, Arizona, Underperform

☆ Supersonic Concorde airplane floats down New York’s Hudson River
▼ + stars: | 2024-03-14 | by ( Jeff Winter | ) edition.cnn.com time to read: +1 min

CNN —Concorde, the world’s fastest commercial aircraft, has been making a rare journey – floating down New York’s Hudson River. The British Airways Concorde, one of only 20 of the supersonic aircraft to ever fly, has been en route back to NYC’s Intrepid Museum after being sanded and recoated during several months of restoration. The last ever flight by a Concorde was made on November 26, 2003. That aircraft, known as Delta Foxtrot, is now housed in Aerospace Bristol, an aviation museum in the west of England. Tours of Intrepid’s Concorde will resume on April 4, the museum says.

Persons: CNN’s Barry Neild Organizations: CNN, Concorde, British Airways Concorde, NYC’s Intrepid Museum, Intrepid, British Airways, Singapore Airlines, Intrepid’s Concorde Locations: Hudson, Jersey City , New Jersey, New York, London, Concordes, Paris, Aerospace Bristol, England

☆ The US military doesn't have the icebreakers to compete in the Arctic and is 'severely outnumbered' by Russia, commander warns
▼ + stars: | 2024-03-14 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

Read previewThe US does not have enough icebreaker ships to compete in the Arctic the way Russia can with its much larger fleet, a US military commander warned. Russia has deployed nuclear-powered icebreakers called Arktika and Sibir, which have been characterized as the largest and strongest icebreaker ships in the world. "We need to make sure that we are trying to close a very very significant icebreaker gap, Alaska Sen. Dan Sullivan said at the time. For more than 20 years, the Coast Guard has been asking for funds for the Arctic, but those requests have been deferred, US Coast Guard Vice Admiral Peter W. Gautier said last year. AdvertisementWith growing threats in this region, the US military has been increasingly looking at Arctic training.

Persons: —, Gregory M, Guillot, Maine Sen, Angus King, Alaska Sen, Dan Sullivan, Peter W, Gautier Organizations: Service, US Air Force, Northern Command, North American Aerospace Defense Command, Business, Coast Guard, Services, USCGC Polar Star, US Coast Guard, US Navy, Army Locations: Russia, Maine, Sibir, Alaska, China

☆ SXSW weighs in after Texas governor tells artists pulling out of the music festival because of the US Army 'don't come back'
▼ + stars: | 2024-03-13 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

South by Southwest acknowledged artists who boycotted the festival due to US Army sponsorship. Despite the controversy, SXSW is maintaining its military sponsorship. Greg Abbott on Tuesday, after he demanded artists who pulled out of the festival due to US Army involvement not visit or return to Texas. The Army is hosting a range of panels at the festival from "Transforming for the Future: Innovation, Tech, and the Army" to "Unleash Your Beast: Army Functional Fitness." Mong Tong at the SXSW Music Opening Party Music Festival Showcase as part of SXSW 2024 Conference and Festivals held at the Palm Door on Sixth on March 12, 2024 in Austin, Texas.

Persons: Greg Abbott's, —, Greg Abbott, Governor Abbott, Abbott, Mong Tong, Diego Donamaria, Rachel Chinouriri, Chinouriri, Eliza McLamb, Ellen Lovett Organizations: US Army, Gov, SXSW, Service, Southwest, Army, Israel, U.S, Collins Aerospace, BAE Systems, RTX Corporation, Raytheon, Texas Tribune, Innovation, Tech, Getty, Star Locations: Southwest, Texas, Austin, Antonio, Austin , Texas

☆ ‘Wildly disappointing’: Tech exec warns web innovation is stagnating, compares it to space exploration post-1970s
▼ + stars: | 2024-03-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

But Blumofe, who noted he's still a believer in the web and modern technology, cautioned we could be in for stagnation. Blumofe compared the current state of the web today to the aerospace industry in the 1960s. Today, aerospace innovation has stalled, he added. "All that was in the 60s and 70s," Blumofe noted. "If someone had gone asleep in 1975 and then woke up and looked at aerospace today they would be wildly disappointed."

Persons: Edwin E, Aldrin, Jr, we'd, underwhelmed, Robert Blumofe, Tim Berners, Lee, he's, Blumofe Organizations: United, CNBC, Boeing Locations: United States

☆ Canon Electronics leads plunge among Japan's Space One shareholder companies after rocket explodes
▼ + stars: | 2024-03-13 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Japan's Canon Electronics shares fell as much as 12.7% on Wednesday after Tokyo-based Space One's small rocket exploded just moments after its maiden launch. If successful, Space One would have been Japan's first company to put a satellite in orbit, according to Reuters. Space One was set up in 2018 by a consortium of Japanese companies including Canon Electronics, IHI Aerospace and construction firm Shimizu , along with the government-owned Development Bank of Japan. Space One's shareholder companies fell after the failed launch. IHI and Shimizu fell about 1%, while the banks edged lower.

Persons: Shimizu Organizations: Canon Electronics, Reuters, IHI Aerospace, Development Bank of Japan, Mitsubishi, Mizuho Financial Group Locations: Tokyo, Japan, Shimizu

☆ How do we solve a problem like Boeing?
▼ + stars: | 2024-03-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —It took decades for Boeing to build a reputation as one of the most reliable companies on the planet. The latest headache for Boeing came Monday, when a 787 Dreamliner flying from Australia to New Zealand plunged suddenly mid-flight, injuring several passengers. It’s not clear what, if any, culpability Boeing has here — it said it’s gathering information about what went wrong. So, how do we solve a problem like Boeing? “This can be really as big as a financial crisis,” considering how many businesses around the world rely on Boeing planes.

Persons: CNN Business ’, Tesla, Brian Jokat, it’s, can’t, ” Gad Allon, “, ” Allon isn’t, Matt Stoller, ” Stoller, that’s, “ There’s, ” Allon Organizations: CNN Business, New York CNN, Boeing, American, Regulators, Latam Airlines, CNN, Wall Street Journal, FAA, Airbus, Pilots, University of Pennsylvania’s Wharton School of Business, American Economic Liberties, Boeing isn’t Locations: New York, Australia, New Zealand, American

☆ We're bracing for more choppiness in the market ahead as AI trade wobbles
▼ + stars: | 2024-03-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Many observers are arguing that some pockets of the market, mainly in the AI trade, have moved too far, too fast and are ripe for pullbacks. Meanwhile, we'll be keeping an eye on Club holding GE Healthcare's appearance Tuesday at Oppenheimer's MedTech and Services conference. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, industrials, there's, we'll, Oppenheimer's, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Club, Linde, Nasdaq, FMC Corp, Procter, Gamble, Truist, Energy, EQT Corp, Boeing, of Justice, Alaska Airlines, Howmet Aerospace, Tech, Oracle, GE, Services, Jim Cramer's Charitable Locations: Albemarle, Newmont

Minnesota, which had the most organized effort outside of Michigan, saw 1 in 5 Democratic voters mark the “uncommitted” option, a higher percentage than the 13% who voted uncommitted in Michigan. Supporters of the protest argue anger over the war could endanger Biden’s chances in swing states like Michigan against former President Donald Trump in their likely rematch. As Biden’s supporters are quick to point out, the “uncommitted” vote isn't a historical anomaly. Biden has won every state's primary contest so far and is on track to clinch the nomination this month. Minnesota voter Sarah Alfaham voted in the state's Democratic primary — as she has for many years — but opted to mark “uncommitted” on her ballot.

Persons: Joe Biden's, “, Donald Trump, Biden’s, Trump, Biden, Waleed Shahid, Lauren Hitt, ”, He’s, Hitt, Barack Obama’s, Ro Khanna, Shahid, Khanna, uncommitted, Sarah Alfaham, “ Joe Biden, Alfaham, Marcus Casillas, “ uncommitted, they've, they’ve, Asma Nizami, Minnesota's, Jesse Bedayn, Mark Vancleave Organizations: Biden, Democratic, Tuesday, Michigan, United Food, Commercial Workers, Washington, State, Associated Press Locations: LANSING, Mich, Israel, Michigan, Minnesota, Wisconsin's, Gaza, California, U.S, Colorado's, Washington, Littleton , Colorado, Bloomington , Minnesota

☆ Boeing stock has a 'built-in-risk premium' following string of issues: Stifel's Bert Subin
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing stock has a 'built-in-risk premium' following string of issues: Stifel's Bert SubinBert Subin, Stifel Aerospace Analyst, joins 'Fast Money' to talk what is next for Boeing as the government opens a criminal investigation into January's mid-air door blowout on a Boeing Max 9.

Persons: Bert Subin Bert Subin, Boeing Max Organizations: Boeing, Stifel Aerospace

LOS ANGELES (AP) — U.S. aerospace company Stratolaunch conducted the first powered test flight of a new unmanned craft for hypersonic research on Saturday and called it a success. Hypersonic describes flights at speeds of at least Mach 5, or five times the speed of sound. The Talon, powered by a liquid-fuel rocket engine, ended its flight by descending into the ocean as planned. The company called the result a major milestone in the development of the United States' first privately funded, reusable hypersonic test capability. That project was canceled, and new owners then repurposed Stratolaunch for launches of reusable hypersonic research vehicles.

Persons: Stratolaunch, Zachary Krevor, ” Krevor, Roc, Paul G, Allen Organizations: ANGELES, —, Mojave Air, Space, Microsoft, U.S . Air Force Research Laboratory Locations: — U.S, California, United States, Los Angeles, Reston , Virginia

☆ This veteran investor is buying 'old economy' stocks that are embracing AI
▼ + stars: | 2024-03-09 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Tengler named several attractively valued stocks she called the "picks and shovels" of AI, including Emerson Electric , L3Harris Technologies , Visa , Walmart and McDonald's . These companies are expected to boast continued strong growth and stock performance, aided by AI, she said. "Generative AI is much more compelling of a story than then the internet was in many ways," in terms of fueling productivity and growth, Tengler said. Walmart, another of Tengler's top "old economy" AI plays, has gained 14.4% so far this year, double the broader market. "They've benefited from embracing not just robotics and digitization, but generative AI in their e-commerce business and in improving margins," Tengler said of Walmart.

Persons: Nancy Tengler, Tengler, Berenberg, Emerson, L3Harris, Seth Seifman, They've, they've Organizations: Investments, Nvidia, Meta, Emerson Electric, L3Harris Technologies, Visa, Walmart, Aerospace, Defense Department, JPMorgan, Broadcom, Amazon, Microsoft Locations: Arizona, Friday's, Melbourne , Florida

☆ Russia isn't ready for the surprise NATO attack its strategists foresee
▼ + stars: | 2024-03-09 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

Russian strategists argue its military needs more robust systems to defend against a NATO surprise attack that would come in the form of conventional missile strikes, a warning that comes as NATO conducts a massive exercise near Russia's northern border. How exactly NATO would attack Russia in this scenario is unclear, though the Russian analysts seem to be describing what the US military would call "multi-domain operations." The attack would be preceded by "provocations" to justify a war, as well as the deployment of forces near Russia. This perceived NATO strategy of massive strikes risks compelling Russia to use its nuclear weapons, especially tactical nukes, to defend itself. Ironically, the missile strike that Russian military experts accuse the West of planning is a mirror image of how Russia itself would fight a war.

Persons: —, David Petraeus, Cpl, Christopher Hernandez, That's, Julian Waller, Michael Peck Organizations: Service, NATO, TASS, Russian Aerospace Forces, CIA, Army, Marine Corps, US, Corps, Nordic, Kremlin, Russian Air Force, Center for Naval Analyses, West, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, Russia's, Ukraine, Andenes, Norway, Finland, Sweden, Barents, Arlington , Virginia, Forbes

☆ Nvidia is one of the most overbought stocks on Wall Street after this week's massive rally
▼ + stars: | 2024-03-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Nvidia shares may be due for a pullback after another red hot start to the year. But Nvidia may be getting ahead of itself after nine-straight weeks of gains, according to this commonly watched metric. Here are some of the stocks that made the list: Howmet Aerospace and General Electric are the most overbought stocks, with RSIs exceeding 89. Nvidia was the fourth-most overbought stock on the list with an RSI reading of about 86. NVDA 5D mountain Nvidia shares this week Other companies that made the overbought list include Jabil , Leidos Holdings and American Express .

Organizations: Nvidia, CNBC Pro, Wall, Aerospace, General Electric, Electric, JPMorgan, Leidos Holdings, American Express, Apple Locations: China

Opinion SoleAuthority Forty-five feet underground in a command center near Omaha, there’s an encrypted communications line that goes directly to the American president. Buried below is a military command headquarters constructed in case of a missile attack amid a national emergency. Yet regardless of who wins this election, or the next one, the American president’s nuclear sole authority is a product of another era and must be revisited in our new nuclear age. The jet’s crew can contact the president, verify his or her identity and relay a nuclear attack order to bomber squadrons, submarines and intercontinental ballistic missile silos. It is, however, unacceptable for an American president to have the sole authority to launch a nuclear first strike without a requirement for consultation or consensus.

Persons: —, Anthony Cotton, Biden, Donald Trump, Harry Truman, Truman, Truman’s, Jake Sullivan, ” Mr, Sullivan, “, Richard Nixon, wasn’t, Trump, Henry Kissinger, Nixon, Mark Milley, Nancy Pelosi, Bob Woodward, Robert Costa, Kissinger, Milley, Robert Kehler, Stratcom, Kehler, we’ve, That’s Organizations: U.S . Strategic Command, North American Aerospace Defense Command, NORAD, Joint Chiefs, Staff, American, White House, Strategic Command, White, North, Democrats, Chiefs, Air Force, Senate, U.S ., United Locations: United States, Omaha, U.S, America, Hiroshima, Nagasaki, Soviet, North Korea, Trump’s

☆ Chip stocks soar — plus, this lagging industrial is due for a catch-up trade
▼ + stars: | 2024-03-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. In fact, about half of the S & P 500's industrial stocks have hit records high since the start of 2024. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Powell, Jerome Powell, Jim, Shrugging, Eli Lilly, It's, Lilly, Cramer, Linde, TJ Maxx, we'll, Jim Cramer's, Alwyn Scott Organizations: CNBC, Federal, Qualcomm, Broadcom, Nvidia, Arm Holdings, Devices, Novo Nordisk, Club, Palo Alto, Palo, Honeywell, Aerospace, Berenberg, Eaton Corp, Burlington Stores, Marshalls, TJX Companies, Costco, Marvell Technology, Inc, Bloomberg, Jim Cramer's Charitable, Honeywell Aerospace Locations: cybersecurity, America, Phoenix

☆ MH370 investigation: 10 years on, is the world any closer to finding Malaysia Airlines flight?
▼ + stars: | 2024-03-07 | by ( Chris Lau | ) edition.cnn.com time to read: +12 min

A helicopter takes off from Chinese warship Jinggangshan during an early search for the missing Beijing-bound Malaysia Airlines flight 370 on March 11, 2014. Beijing-bound Malaysia Airlines flight 370 dropped off the radar shortly after departing Kuala Lumpur in the small hours of March 8, 2014. Families of passengers from China and Malaysia on board MH370 during a remembrance event commemorating the 10th anniversary of its disappearance, in Subang Jaya, Malaysia, on March 3, 2024. Hasnoor Hussain/ReutersAviation experts tell CNN that improved detection technology will likely bring families closer to the missing plane than they ever have been, if a search were to be relaunched. Phoenix Autonomous Underwater Vehicle (AUV) Bluefin-21 is craned over the side of Australian Defense Vessel Ocean Shield in the search for missing Malaysia Airlines flight 370 on April 14, 2014.

Persons: MH370, Jiang Hui, ” Jiang, “, ”, Jiang Cuiyun, It’s, V.P.R Nathan, Anne Daisy, Hasnoor Hussain, Anthony Loke, Grace Subathirai Nathan, Adli Ghazali, Oliver Plunkett, it’s, ” Geoffrey Thomas, AirlineRatings.com, Leut Kelli Lunt, Richard Quest, Richard Godfrey, Godfrey, Fred Dufour, AirlineRatings’s Thomas, ” Godfrey, “ I’m, Sarah Bajc, Phil Wood, Bajc, Jiang Organizations: CNN, Malaysia Airlines, Reuters, Reuters Aviation, Malaysian, Transport, Malaysian Transport, Anadolu Agency, Getty, Boeing, Underwater, Australian Defense, Australia Department of Defence, CNN’s, Aviation, Radio, British Aerospace, MH370, British Locations: Beijing, China, Kuala Lumpur, Africa, Malaysia, Subang Jaya, United States, Madagascar, Putrajaya, Australia, Malaysian, Perth, AFP, Asia, Panama, Zhuji

☆ NTSB probing ‘stuck’ control incident on Boeing 737 Max
▼ + stars: | 2024-03-07 | by ( Pete Muntean | Gregory Wallace | ) edition.cnn.com time to read: +2 min

CNN —Boeing is now party to a new federal investigation involving a 737 Max after United Airlines pilots reported that part of the flight controls became jammed as they landed in Newark last month. The investigation is the latest to involve a nearly-new Boeing 737 Max aircraft following the door plug blowout on an Alaska Airlines 737 Max 9 on January 5. The NTSB says in this latest incident, the 737 Max 8 was delivered from Boeing to United Airlines in February 2023. We’ll continue to work with Boeing, the NTSB and the FAA on next steps for these aircraft,” United said in a statement. “We worked closely with United Airlines to diagnose the rudder response issue,” Boeing said in a statement.

Persons: “, ‘, Max, We’ll, ” United, ” Organizations: CNN, Boeing, Max, United Airlines, National Transportation Safety, NTSB, Alaska Airlines, Collins Aerospace, FAA, ”, ” Boeing, United Locations: Newark, United

Morgan Stanley cut its price target on Tesla after trimming its profitability forecasts. The analyst has a price target of $500, which implies upside of more than 20% over the next 12 months. — Hakyung Kim 6:51 a.m.: JPMorgan raises CrowdStrike price target after earnings beat CrowdStrike is managing to grow quickly while delivering strong results, says JPMorgan. The bank upgraded the retailer to buy from hold, increasing its price target to $195 from $140. — Fred Imbert 5:40 a.m.: Morgan Stanley cuts Tesla price target 2024 will be for electric vehicles, said Morgan Stanley's Adam Jonas, who warns that Tesla could lose money this year.

Persons: Morgan Stanley, Wells, Andrew Nowinski, MongoDB, Hakyung Kim, CrowdStrike, Brian Essex, Essex, — Hakyung Kim, UnitedHealth, Andrew Mok, Mok, Berenberg, Philip Buller, Buller, Bob Jian Huang, Huang, Daniela Bretthauer, Krisztina Katai, — Fred Imbert, Morgan Stanley's Adam Jonas, Tesla, Jonas Organizations: CNBC, HSBC, Target, JPMorgan, Barclays, Medicare, Honeywell, Berenberg, Morgan Stanley Insurance, Progressive, Target . Deutsche Bank Locations: Andrew Mok ., Honeywell's, U.S, Tuesday's

☆ UK government to deliver crucial pre-election budget announcements with economy in recession
▼ + stars: | 2024-03-06 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Economists expect Hunt to use a small modest windfall to deliver tax cuts as he looks to woo the electorate, with the main opposition Labour Party leading by more than 20 points across all national polls. Yet the chancellor is navigating the constraints of fragile public finances and a stagnant economy that entered a shallow technical recession at the end of 2023. Inflation has fallen faster than anticipated and market expectations for interest rates are well below where they were prior to Hunt's Autumn Statement in November, but many British households are still feeling the cost of living squeeze, while public services remain extremely stretched. The Treasury pre-announced plans over the weekend to deliver up to £1.8 billion ($2.3 billion) worth of benefits by boosting public sector productivity, including releasing police time for more frontline work. Hunt is under pressure from within his own party to deliver tax cuts, a move the International Monetary Fund warned against in January, given the country's spending needs on public services.

Persons: Jeremy Hunt, Hunt Organizations: LONDON, Finance, Budget, Conservative Party, Labour Party, National Insurance, Treasury, International Monetary Fund Locations: London

☆ 'Last chance saloon': UK finance minister expected to pledge pre-election tax cuts
▼ + stars: | 2024-03-04 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year. LONDON — Economists expect U.K. Finance Minister Jeremy Hunt to use a small fiscal windfall to deliver a modest package of tax cuts at his Spring Budget on Wednesday. However, the big questions over tax cuts remain heading into Wednesday's statement. Raja suggested the finance minister will err on the side of caution in loosening fiscal policy, favoring supply side support over boosting demand. "Therefore, tax cuts to national insurance contributions (NICs) and changes to child benefits are more likely to come in the Spring Budget (in contrast to earlier expectations of income tax cuts)."

Persons: Jeremy Hunt, Hunt, Sanjay Raja, Raja Organizations: British, LONDON, Finance, Budget, Conservative, Labour Party, Treasury, Independent, Deutsche Bank, Bank of England

☆ Tracking an Invisible Climate Menace From 360 Miles Above
▼ + stars: | 2024-03-03 | by ( Malika Khurana | Hiroko Tabuchi | ) www.nytimes.com time to read: +8 min

Gas sensor housing Infrared sensor Spectrometer Tracking an Invisible Climate Menace From 360 Miles Above There will soon be a new eye in the sky that’s designed to detect emissions of methane, an invisible yet potent gas that is dangerously heating the world. MethaneSAT will sweep the globe using a high-resolution infrared sensor to detect and track methane leaks from oil and gas sites worldwide. Scientists estimate that human-caused methane emissions are responsible for up to 30 percent of the global warming being experienced today. Figuring out where methane emissions are happening, how big they are and who’s responsible has been a challenge. Methane also seeps from natural sources, like flooded wetlands, but the majority of methane emissions today come from human activity.

Persons: ”, Steven Hamburg, ’, Dr, Hamburg, MethaneSAT, “, Drew Shindell, wasn’t, Biden, Bjorn Otto Sverdrup Organizations: Environmental Defense Fund, Google, Duke University, MethaneSAT, Union, Oil, Climate Initiative, Star Locations: Texas, United States

☆ NATO navies can exploit a Russian fear and keep Putin from invading more neighbors
▼ + stars: | 2024-03-03 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

Today, NATO's naval power is far superior to Russia's. NATO may dominate the oceans, but that may not be much help if Russian tanks invade the Baltic States or Poland. Or more specifically, use naval power to scare Moscow into allocating its scarce resources to defending its huge coastlines rather than invading neighbors. "Rather than naval combat per se, the purpose of Russian sea power is to ensure that the Russian state can compete and engage in conflict safely and effectively," the essay said. In 2024, the fear is that NATO ships could launch long-range guided missiles at the Russian heartland.

Persons: Napoleon, Hitler fumed, Russia —, Kaushal, Rene Balletta, Alfred Thayer Mahan, Michael Peck Organizations: Service, Channel, Royal Navy, NATO, Alliance, Britain's Royal United Services Institute, Russian Navy, Black, Century, Russia, Russian Army and Aerospace Forces, West, Baltic, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: British, Russia, Baltic States, Poland, Moscow, Britain, Europe, Asia, Russian, Crimean, Sevastopol, Ukraine, Russia's, Finland, Norway, Forbes

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