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☆ UK coal-burning for electricity to end as last power plant shuts down
▼ + stars: | 2024-09-30 | by ( Story Associated Press | ) edition.cnn.com time to read: +2 min

CNN —Britain’s last coal-fired power plant will close on Monday, ending 142 years of coal-generated electricity in the nation that sparked the Industrial Revolution. The Ratcliffe-on-Soar station in central England is to finish its final shift at midnight, after more than half a century of turning coal into power. The UK government hailed the closure as a milestone in efforts to generate all of Britain’s energy from renewable sources by 2030. We owe generations a debt of gratitude as a country.”An aerial view of the Ratcliffe-on-Soar Power Station emitting steam on January 10, 2024 in Nottingham, England. An archive image dated to 1964 of Ratcliffe-on-Soar Power Station under construction.

Persons: CNN —, Ratcliffe, Uniper, Michael Shanks, Christopher Furlong, ”, Thomas Edison’s, Dhara Vyas, ” Vyas Organizations: CNN, Britain, Energy, Thomas Edison’s Edison, National Grid Locations: Soar, England, Sweden, Belgium, Nottingham, London, Uniper

☆ China's factory activity contracts less than expected in September
▼ + stars: | 2024-09-30 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

China's factory activity contracted for a fifth consecutive month in September as the world's second-largest economy struggles to revive its growth momentum. A PMI reading above 50 indicates expansion in activity, while a reading below that level points to contraction. However, China's Caixin PMI was 49.3, compared to 50.4 in August, according to the private survey compiled by S&P Global. The Caixin data released on Monday indicated that China's manufacturing sector experienced its sharpest contraction in 14 months in September, driven by declining demand and a weakening labor market. Headwinds for the manufacturing sector has continued to mount as a prolonged economic slowdown and property crisis dampen domestic demand.

Persons: Zhao Qinghe, Xi Jinping Organizations: National Bureau of Statistics, PMI, Reuters, NBS, P Global, National Bureau, Statistics, People's Bank of China

☆ NFL Week 4 Sunday: Derrick Henry monster game hands Bills 1st loss
▼ + stars: | 2024-09-30 | by ( Ben Morse | ) edition.cnn.com time to read: +18 min

Brad Penner/USA Today Sports/Reuters Damar Hamlin of the Buffalo Bills celebrates an interception during the second quarter against the Jacksonville Jaguars in Orchard Park, New York, on Monday, September 23. This is the first game back for Rodgers since tearing his Achilles tendon last year after his first game of the season. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8. Vincent Carchietta/USA Today Sports/Reuters Miami Dolphins and Jacksonville Jaguars players pray together at the end of the game in Miami Gardens, Florida, on September 8.

Persons: Jayden Daniels, Christian Petersen, Tremon Smith, Greg Zuerlein, Seth Wenig, Ja'Tavion Sanders, Germaine Pratt, Grant Halverson, Eric Murray, Trevor Lawrence, Eric Gay, George Kittle, Jed Jacobsohn, Darius Slayton, Eric Kendricks, Brad Penner, Reuters Damar Hamlin, Bryan M, Bennett, Sam Darnold, Johnny Mundt, Stephen Maturen, Calvin Austin III, Brandon Sloter, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Cooper Neill, Allen Lazard, Alex Austin, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Camryn Bynum, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Aaron Rodgers, Rodgers, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Nathan Ray Seebeck, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Ed Zurga, Patrick Mahomes scrambles, Charlie Riedel, Henry ’, Derrick Henry, Henry, ‘ King Henry, ’, Adrian Peterson, Chris Johnson, Ravens QB Lamar Jackson, We’ve, ”, “, We’re, ” Henry, Stephanie Scarbrough, Josh Allen’s, Allen, Jackson, Sean McDermott, ” McDermott, “ We’ve, ” Jayden Daniels, Peyton Manning’s, Drew Brees, Kliff Kingsbury, Kyler Murray, Mark J, Koo, –, Kirk Cousins, Marc Raimondi, ‘, I’ve, we’ve, John Bazemore, Wil Lutz, Lutz ’, Greg Zuerlein’s, ” Rodgers, Bryan Woolston, Bo Nix, Nix, CJ Stroud Organizations: CNN, Washington, Arizona Cardinals, Getty Images Denver Broncos, New York Jets, Broncos, AP Carolina Panthers, Cincinnati Bengals, Bengals, Panthers, Getty Images Houston Texans, Jacksonville, Texans, AP San Francisco 49ers, 49ers, New England Patriots, AP New York Giants, Dallas Cowboys, Giants, Cowboys, USA, Sports, Reuters, Buffalo Bills, Jacksonville Jaguars, Getty Images Minnesota Vikings, Vikings, Houston Texans, Getty Images Pittsburgh Steelers, Steelers, Los Angeles Chargers, Green Bay Packers, Packers, Tennessee Titans, AP Minnesota Vikings, AP Dallas Cowboys, Baltimore Ravens, The Jets, Reuters Atlanta Falcons, Philadelphia Eagles, AP Kansas City Chiefs, Chiefs, Super Bowl, Reuters San Francisco 49ers, Minnesota Vikings, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, San Francisco 49ers, AP Los Angeles Chargers, Las Vegas Raiders, Shutterstock Dallas Cowboys, Cleveland Browns, NFL, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Chicago Bears, Titans, Bears, Patriots, New York Giants, AP Buffalo Bills, Bills, São Paulo, The Eagles, Getty, Neo, Kansas City Chiefs, AP Baltimore Ravens, Arrowhead, AFC titans, Ravens, Baltimore, Ravens QB, Buffalo, Bowl, Cardinals, New, New Orleans Saints, ” Falcons, Saints, AP, Denver Broncos, Denver, Jets, Super, Indianapolis Colts, Pittsburgh, Atlanta Falcons Cincinnati Bengals, Carolina Panthers Los Angeles Rams, Chicago Bears Minnesota Vikings, Green Bay Packers Jacksonville Jaguars, Houston Texans Pittsburgh Steelers, Indianapolis Colts Denver Broncos, New York Jets Philadelphia Eagles, Tampa Bay Buccaneers Washington, Arizona Cardinals New England Patriots, San Francisco 49ers Kansas City Chiefs, Los Angeles Chargers Cleveland Browns, Las Vegas Raiders Buffalo Bills Locations: Glendale , Arizona, East Rutherford , New Jersey, Charlotte , North Carolina, Houston, Santa Clara , California, Orchard Park , New York, Minneapolis, Pittsburgh, Nashville, Arlington , Texas, Philadelphia, Kansas City , Missouri, Miami Gardens , Florida, Inglewood , California, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America, Baltimore, Arizona, Atlanta and New Jersey, In Atlanta, New Orleans, East Rutherford, New York

☆ How Prada is beating the odds and bucking the luxury slump
▼ + stars: | 2024-09-30 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

"I think the 'miracle' at Prada is Miu Miu," Luca Solca, a senior analyst at Bernstein, told Business Insider. Miu Miu is doing just that. "Miu Miu is resonating with consumers because of a savvy mix of product and communication marketing," Solca said. Miu Miu has embraced stars (Sydney Sweeney and Gigi Hadid were featured in recent campaigns), which has energized its following. AdvertisementIn short — pun intended — you can't get trendier than Miu Miu right now, and being trendy is good for business.

Persons: that's, Miu Miu, Luca Solca, Bernstein, Miu, —, Moncler, Stifel's Rogerio Fujimori, Edward Berthelot, Solca, Sydney Sweeney, Gigi Hadid, Lexie Liu, Zhao Jinmai, Wu Yanshu, Miu Miu's Mary Jane, It's, Prada, Prada hadn't, Jelena Sokolova, Morningstar, Burberry, Gucci, Andrea Guerra, Raf Simons, Muccia Prada, Goldman Sachs, Gen, Scarlett Johansson, Arqué, Sokolova, Alessandro Michele, Guerra, L'Oréal, " Guerra Organizations: Prada, HSBC, Little, Business, New York Times, LVMH, Gucci Locations: Prada, Asia, China, Tokyo, Taipei, Nanjing, LVMH, Hong Kong

☆ Chappell Roan dropping out of a music festival had an unexpected upside for fans of queer pop
▼ + stars: | 2024-09-30 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +8 min

The music festival All Things Go took place on Saturday and Sunday in Maryland and New York. Chappell Roan, a major draw, dropped out at the last minute — but other performers made up for it. Artists like MUNA, Reneé Rapp, and Janelle Monáe proved that other queer artists deserve the spotlight, too. AdvertisementOn Sunday evening, MUNA welcomed the crowd at Maryland's Merriweather Post Pavilion to All Things Go Music Festival, which the group lovingly dubbed "Lesbopalooza." At least one person was in full Lady Liberty drag, emulating Roan's onstage look at Governors Ball in June.

Persons: Chappell Roan, MUNA, Reneé Rapp, Janelle Monáe, —, Katie Gavin, Naomi McPherson, Josette Maskin, MUNA wasn't, Nina Westervelt, festivalgoers, they'd, Roan, Hozier, they've, Phoebe Bridgers, Gracie Abrams, Arlo Parks, Julien Baker, Lucy Dacus, Towa, she's, it's, Towa Bird, Rapp, Amber Bain, Maren Morris, Ethel Cain, Conan Gray, there's Organizations: Service, Maryland's, York, Forest, Spotify, Lady Liberty, Ball, Democratic, The Locations: Maryland, New York, Queens, Roan's

☆ UK economy grew by slower-than-thought 0.5% in the second quarter
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

British economic output grew by 0.5% in the second quarter, slightly slower than previously thought, figures from the Office for National Statistics showed on Monday. A preliminary ONS estimate for the second quarter had shown domestic product growth at 0.6%. Economists polled by Reuters did not expect the quarterly growth pace to be revised in Monday's updated data. Compared with the second quarter of 2023, the economy grew by 0.7%, the ONS said, slower than economists' forecasts of a 0.9% rise. Prime Minister Keir Starmer, whose Labour Party won power in July, is seeking to speed up economic growth.

Persons: Sterling, Keir Starmer Organizations: Office, National Statistics, Reuters, U.S, Labour Party won

☆ US-made 2,000-pound bombs likely used in strike that killed Hezbollah chief Nasrallah, CNN analysis shows
▼ + stars: | 2024-09-30 | by ( Allegra Goodwin | Gianluca Mezzofiore | ) edition.cnn.com time to read: +6 min

One of the Israeli Air Force planes that the military said was used in the attack targeting Hassan Nasrallah. The munitions contain 535 pounds of explosives, significantly less than MK84s, another type of 2,000-pound bomb frequently used by the Israeli military. That makes it extremely difficult to reliably estimate the number of munitions used,” he said. The use of 2,000-pound bombs, which are mostly manufactured by the US, can cause high casualty events in part due to the enormous scale of their impact. The Israeli military said it was striking Hezbollah, including in attacks by fighter jets on about 45 targets near a village in southern Lebanon.

Persons: Hassan Nasrallah, Trevor Ball, Ball, ” Ball, CNN geolocated, Hassan Ammar, Nasrallah, It’s, ”, Justin Bronk, ” Bronk, Bronk, Amichai Levin, Israel, Biden Organizations: CNN, US Army, Israeli Air Force, New York Times, Royal United Services Institute, Reuters Locations: Beirut, Beirut’s, Beirut's, London, Dahiyeh, Brig, Gen, Hatzerim Airbase, Gaza, Israel, Lebanon

☆ These are Wall Street’s favorite stocks heading into a new month of trading
▼ + stars: | 2024-09-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

As a new month looms, Wall Street expects its favorite stocks to outperform — no matter what October might bring. Against this backdrop, CNBC Pro screened for Wall Street's favorite names that analysts believe could rally from here. Read's $150 price target is way above the consensus $137, and about 43% higher than where ConocoPhillips closed Friday. Analysts are also bullish on fellow energy producer Diamondback Energy , with the stock's upside to average price target coming in at 30%. Other stocks on Wall Street's list of favorites include casino operator MGM Resorts International and biotechnology firm Biogen .

Persons: Janney Montgomery, Dan Wantrobski, Wall, Goldman Sachs, Toshiya Hari, Wells, Roger Read, Read's, Piper Sandler, Mark Lear Organizations: Federal Reserve, November's U.S, CNBC Pro, Semiconductor, Micron Technology, Micron, Wall Street, ConocoPhillips, Diamondback Energy, Diamondback, Endeavor, MGM Resorts International Locations: November's, Friday's, Wells Fargo, Houston, Midland, 3Q24

☆ Bitcoin and crypto stocks sink after last week's rally, but still head for a positive September
▼ + stars: | 2024-09-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Crypto stocks Coinbase slid 5% and MicroStrategy fell 2%. Bitcoin and crypto stocks retreated on the final trading day of September, following a rally last week, but are still poised to post a positive month. The combined net buying volume of U.S. bitcoin ETFs last week (16,774 BTC) exceeded a typical one-month supply of newly mined bitcoin (13,500), according to Bitwise-owned ETC Group. For the month, bitcoin is on pace to finish its strongest September ever with an 8% gain and its second positive September – historically the cryptocurrency's weakest month – in a row. The market is heading into a seasonally strong quarter for crypto and risk assets broadly.

Persons: cryptocurrency, Coinbase, MicroStrategy Organizations: Metrics, Analysts, BTC, People's Bank of China, U.S Locations: Coast, Gulf

Elsewhere, TD Cowen raised its price target on Costco to $975. 7:04 a.m.: TD Cowen raises Costco price target TD Cowen is even more bullish on Costco after hosting the company's leadership for a post-earnings meeting. Analyst Brian Bedell reiterated his buy rating and lifted his price target by $3 to $27, implying about 13% upside. With that, analyst Stephen Scouten upgraded Amerant to overweight from neutral and raised his price target by 50 cents to $25.60. — Pia Singh 5:50 a.m.: TD Cowen upgrades Accenture Investors should buy shares of Accenture as the company's recovery gains steam, according to TD Cowen.

Persons: Morgan Stanley, TD Cowen, Cowen, Oliver Chen, Costco's, Chen, Gary Millerchip, — Pia Singh, Brian Bedell, Bedell, Robinhood, Wells, Donald Fandetti, Fandetti, Piper Sandler, Amerant, Stephen Scouten, Scouten, JPMorgan Chase, Betsy Graseck, Graseck, NIM, Bryan Bergin, Bergin, Fred Imbert Organizations: CNBC, JPMorgan Chase, Accenture, Costco, Deutsche Bank, American, Amerant, JPMorgan, Services Locations: Florida, Friday's

☆ U.S. crude oil on pace for third monthly loss in a row in September
▼ + stars: | 2024-09-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil prices are on pace for a third monthly loss in a row in September as rising supplies from OPEC+ and weak demand in China haunt the market. The U.S. benchmark has declined more than 7% for the month, while global benchmark Brent has fallen about 9%. "Oil markets are experiencing a panic attack," Amarpreet Singh, energy analyst at Barclays, told clients in a Friday note. Here are Monday's energy prices:Oil prices remain under pressure in part because OPEC+ plans to begin increasing production in December, and as demand in China, the world's largest crude importer, remains soft. The Netanyahu government is pummeling the Iran-backed militia group, with concerns growing that Israel might launch a ground operation in Lebanon.

Persons: Amarpreet Singh, Brent, Israel, Hassan Nasrallah, Netanyahu, Daan Struyven, Goldman Sachs Organizations: Brent, Barclays Locations: China, U.S, OPEC, Beirut, Iran, Israel, Lebanon, Libya, Saudi Arabia

☆ EchoStar's Dish sale marks disappointing end to Charlie Ergen's 'Seinfeld' strategy
▼ + stars: | 2024-09-30 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +2 min

Dish's "Seinfeld" strategy appears to have ended quite like the actual show — with its finale a generally-accepted disappointment. In 2011, Dish cofounder Charlie Ergen first mentioned "Seinfeld" on an earnings call, responding to an analyst's question about his company's mixed bag of assets. When Dish and DirecTV discussed merging in 2014, DirecTV's market capitalization was about $40 billion, and Dish's market valuation was more than $28 billion. DirecTV sold a year later to AT&T for $49 billion in equity value. EchoStar was motivated to move Dish and its debt off its balance as a $2 billion debt payment matures in November, CNBC reported last week.

Persons: Charlie Ergen, Ergen, EchoStar, Hamid Akhavan Organizations: DirecTV, Comcast, Dish, Times, CNBC

☆ Yen steadies, dollar slips as China reaches for stimulus
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +3 min

Japanese 10,000 yen banknotes and U.S. one-hundred dollar banknotes are arranged for a photograph in Tokyo, Japan. The yen slipped about 0.4% to 142.75 per dollar after jumping 1.8% on Friday. European inflation data on Tuesday and Chinese data due later on Monday are also keenly awaited. The New Zealand dollar was up 0.3% at $0.6360 after hitting its highest since December on Friday. "The trend over next year or so is for the dollar to go down," said Commonwealth Bank of Australia strategist Joe Capurso.

Persons: Shigeru Ishiba, Ishiba, Ray Attrill, Joe Capurso Organizations: Liberal Democratic Party, NHK, Bank of Japan, National, New, New Zealand, U.S, U.S . Federal, Commonwealth Bank of Australia Locations: Tokyo, Japan, National Australia, China, U.S .

☆ Disney lands an upgrade — plus, why we're considering adding to this laggard stock
▼ + stars: | 2024-09-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Don't overlook Disney : Shares of Club name Disney have quietly put together a solid September, up about 6% in the month. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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, Jerome Powell, Powell, we've, Jim Cramer's, Coterra, McCormick, We'll, Jim Organizations: CNBC, Federal, National Association for Business Economics, Disney, Seaport Research, Seaport, Energy, Coterra Energy, Jim Cramer's Charitable Trust, Jim Cramer's Charitable Locations: Nashville

☆ We loved living in Austin but left after 10 years. Big businesses and tech wrecked our favorite parts of the city.
▼ + stars: | 2024-09-30 | by ( Laura Niebauer Palmer | ) www.businessinsider.com time to read: +5 min

We hated that many of the city's unique small businesses were being forced out due to high rents. We loved that the city was less hurried, had a small-town feel, and prided itself on its motto, "Keep Austin Weird." AdvertisementWe felt big businesses slowly took away from what made Austin special"Keep Austin Weird" is an ode to the eclectic mix of small businesses found throughout the city. Dmitri Kotchetov/ShutterstockThe Texas capital is known for its motto, "Keep Austin Weird," an ode to the eclectic mix of small businesses found throughout the city. The street was once lined with offbeat stores with unique Austin offerings and welcoming shop owners.

Persons: Austin, —, hasn't, Dmitri Kotchetov, we've, it's, Warby Parker, We've Organizations: Service, Apple, ABC TV, Nike Locations: Austin, Chicago, Texas, The Texas, Congress, Austin .

☆ My daughter still couldn't tie her shoes at 9 years old. I'm to blame because I only teach her things when she's interested.
▼ + stars: | 2024-09-29 | by ( Stacy Hoch | ) www.businessinsider.com time to read: +5 min

My daughter couldn't tie her shoes until she was 9 because she had no interest before that. AdvertisementThis same strategy is why I don't push my third grader to read more even though she's still at a second-grade reading level. Because of her learning disability, I don't push her to read more. When my kids learn something they actually have an interest in, the process is easier, safer, and more enjoyable for all of us. She was shocked at how easy it was to tie her shoes in just a couple of minutes.

Persons: couldn't, —, I've, She'd, she'd, she's, meltdowns Organizations: Service

☆ After having 2 kids, I realized I wanted more. I put my career on hold to be a present mom.
▼ + stars: | 2024-09-29 | by ( Kerri Meade | ) www.businessinsider.com time to read: +5 min

I'm a mom of three kids, and after becoming a mom, I left my career. I knew women whose sole goal in life was to become a mom, and that wasn't my path. I still wanted a life; I still wanted to travel; I still wanted a successful career. Thinking about having a third while I was freshly postpartum with my second felt absolutely unhinged. But life felt off.

Persons: —, I'm Organizations: Service

☆ I've always had a hard time decluttering. When my childhood home burned down, I learned a lot about letting go.
▼ + stars: | 2024-09-28 | by ( Allison Young | ) www.businessinsider.com time to read: +5 min

I've always been a bit of a pack rat and had a hard time decluttering. I learned a hard lesson about letting go. The sudden scarcity brought my life's inventory into heightened focus. AdvertisementFrom the rubble, I learned a few lessonsAs fast as our home burned down, the recovery is glacial in its pace. I collect receipts for what I've replaced, and painstakingly assess how not to perpetuate my cycle of accumulating without decluttering.

Persons: I've, —, It's, it's, feebly, we'd Organizations: Service, Flames

☆ The shipbuilding empire fueling China's naval rise is a juggernaut, but tough questions remain
▼ + stars: | 2024-09-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

China's massive shipbuilding industry is key to its military's naval modernization. But military corruption and future maintenance issues raise questions about long-term sustainability. AdvertisementChina's shipbuilding industry is at the core of its efforts to modernize its navy, producing new warships at astonishing speeds. This important national ambition gives tremendous support to China's shipbuilding empire. Over the years, there have been signs of extensive corruption documented within the shipbuilding industry, as well as other parts of China's defense industry.

Persons: —, Gerald R, it's, it'll, Brian Hart, Matthew Funaoile, Funaoile, That's, Mike Sweeney, Sweeney Organizations: Service, of Naval Intelligence, Navy, Department of Defense, US Navy, Ford, Pentagon, Liberation Army Navy, Getty, Jiangnan Shipyard, Zhonghua Shipyard, China Power, Center for Strategic, International Studies, Getty Images, CSIS, Business, China State Shipbuilding Corporation, PLA, People's Liberation Army, Planet Labs PBC, U.S . Navy, Maxwell, Defense Locations: China, Fujian, Jiangnan, Getty Images China, Dalian, Huangpu Wenchong, Hong Kong, Hudong, Shanghai, Beijing, Wuhan

☆ Elon Musk wants to put people on Mars by 2030. Don't count on it.
▼ + stars: | 2024-09-28 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Elon Musk set out SpaceX's timeline for getting humanity to Mars this week. He said SpaceX plans to send five Starship rockets to Mars in 2026, with crewed missions following two to four years later. AdvertisementElon Musk has set out his latest timeline for getting humans to Mars, and experts say it's a classic SpaceX move. The SpaceX founder said in a recent post on X that the company plans to launch around five uncrewed Starship rockets to Mars in 2026. AdvertisementSpaceX is planning to launch five uncrewed Starship rockets to Mars in the first window in 2026, according to Musk.

Persons: Elon Musk, —, Musk, Philip Metzger, Metzger, Peter Hague, Hague, Matthew Weinzierl Organizations: SpaceX, Service, NASA, Planetary Science, University of Central, Federal Aviation Administration, FAA, Harvard Business School Locations: Mexico, University of Central Florida, Mars

☆ The U.S. wants to triple nuclear power by 2050. America's coal communities could provide a pathway.
▼ + stars: | 2024-09-27 | by ( Spencer Kimball | Gabriel Cortés | Gabriel Cortés Is A Data Visualization Journalist For Cnbc. | ) www.nbcnews.com time to read: +7 min

The U.S. needs to add 200 gigawatts of nuclear, Goff told CNBC in an interview. “A lot of the data centers are coming in and saying they do need firm, 24/7, baseload clean electricity,” Goff said. But restarting reactors in the U.S. will only provide a small fraction of the nuclear power that is needed, he said. From coal to nuclearCoal communities across the U.S. could provide a runway to build out a large number of new nuclear plants. Between coal and nuclear sites, the U.S. potentially has space for up to 269 gigawatts of additional nuclear power.

Persons: Mike Goff, Goff, “, ” Goff, Goldman Sachs, ”, “ It’s, Doug True Organizations: of Nuclear Energy, Department of Energy, U.S, CNBC, Bank of America, Microsoft, DOE, Holtec, Palisades, Nuclear Regulatory Commission, Nuclear Energy Institute Locations: U.S, New York City, Georgia, Michigan

☆ China stocks see best week since 2008 on stimulus impact as most Asia markets rise
▼ + stars: | 2024-09-27 | by ( Lim Hui Jie | ) www.nbcnews.com time to read: +4 min

Chinese markets clocked their best week in almost 16 years as the mainland’s CSI 300 rallied 15.7% this week, buoyed by several economic stimulus measures by the central bank. The last time the index saw a bigger weekly gain was the week ending Nov. 14, 2008. Hong Kong’s Hang Seng index recorded a weekly gain of 12.75%, making it the index’s best week since February 1998, according to FactSet data. Tokyo’s headline inflation rate eased to 2.2%, down from August’s 2.6%. A slate of fresh U.S. economic data also supported the market’s gains, with weekly jobless claims falling more than expected, pointing to a steady labor market.

Persons: Hong, PBOC, Shigeru Ishiba, Sanae Takaichi, Korea’s Kospi, Australia’s, ’ Organizations: CSI, People’s Bank of China, Google, Shanghai Stock Exchange, Reuters, Japan’s Nikkei, of Japan, U.S ., Micron Technology, Nasdaq, Dow Jones Industrial Locations: China, Shanghai, Asia, Pacific, Tokyo, August’s, U.S

☆ Here are our trades of the week and what's ahead for this overbought market
▼ + stars: | 2024-09-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Mixed market : The S & P 500 spent Friday's session mostly unchanged as it tried for a fourth record close this week. Still frothy : The S & P Short Range Oscillator pulled back from Tuesday's most overbought reading since August. Month to date, consumer discretionary, utilities, and materials were the best-performing S & P 500 sectors. 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, he's, Vimal Kapur, Jim Cramer's, Jim, Spencer Platt Organizations: CNBC, GE Healthcare, Honeywell, Constellation Brands, Jim Cramer's Charitable, New York Stock Exchange, Getty Locations: Tuesday's, New York City

☆ The job market is reaching a turning point that will usher even steeper Fed rate cuts, top economist says
▼ + stars: | 2024-09-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The job market is about to see a big shift that could bring faster Fed rate cuts, David Rosenberg said. That will emphasize the need for faster Fed rate cuts, he said in a note to clients. The ratio of the vacancy rate to the unemployment rate has tumbled in recent months. It's the unemployment rate that's moving up (+0.5 percentage points this year alone), while the vacancy rate has stabilized." "As the labor market eases, we'll see more modest changes in the vacancy rate and larger changes in the unemployment rate.

Persons: David Rosenberg, —, Rosenberg, we've, Powell Organizations: Service, Rosenberg Research, Bureau of Labor Statistics, Fed, Atlanta

☆ AI helps uncover hundreds of unknown ancient symbols hidden in Peru’s Nazca Desert
▼ + stars: | 2024-09-27 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

CNN —Archaeologists working in Peru, assisted by artificial intelligence, have discovered 303 previously unknown giant symbols carved in the Nazca Desert. A geoglyph of a humanoid with a headdress is one of the newly discovered symbols. Deciphering Nazca symbols’ purposeIt’s not clear why the Nazca people made the symbols. The bigger Nazca symbols were near networks of straight lines, squares and trapezoids etched into the earth. “Our findings suggest that their meaning is formed through their combinations,” he said, referring to the way the Nazca geoglyphs are grouped together.

Persons: headdresses, geoglyphs, “, Masato Sakai, IBM’s Thomas J, ”, ” Sakai, Amina Jambajantsan, Jambajantsan wasn’t, ” Jambajantsan, Sakai Organizations: CNN —, Yamagata University Institute of, Japan’s Yamagata University, Watson Research, Yamagata University Institute of Nasca, Max Planck Institute of Geoanthropology’s Department of Archaeology Locations: Peru, Peru’s, Yorktown Heights , New York, ”, Jena , Germany, Mongolia

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