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Compare the Top Bank Accounts for College StudentsWe researched over a dozen banks to find the best checking accounts and savings accounts for college students. Determine if you want a bank account specifically for college students or a standard bank account. The bank account agreement shares details about the bank account, like the opening requirements, minimum balance requirements, and interest rate. Best Bank Accounts for College Students FAQsWhat makes a bank account student-friendly? We researched more than a dozen bank accounts at brick-and-mortar banks, online banks, credit unions, and online banking platforms to find the strongest bank accounts ideal for college students.

Persons: Alliant, Foster, You'll, Ally, Chase, Doesn't, JP Morgan Chase, Jeffrey Epstein's, Banks, Tania Brown, Sophia Acevedo, Roger Ma, James Organizations: Banking, College Students Student, College, Credit Union, Alliant Credit, Credit, Ally Bank, Ally, Capital, Savings, Easy Branch, Chase, Chase Mobile, U.S, Zero, JPMorgan Chase Bank, N.A, FDIC, Chase Bank, SoFi Bank, Green, Better, BBB, U.S . Virgin, SEC, Futures, Mobile, Bank, College Students, Business Locations: Chicago , Illinois, NY, LA, TX, VA, NJ, Washington, Connecticut , Delaware , Louisiana , Maryland , New Jersey , New York , Texas, Virginia, DC, U.S, N.A, J.D

Here are the best mortgage lenders for first-time homebuyers and the affordable loans they offer, as chosen by Business Insider editors in 2024. If you're a Bank of America Preferred Rewards customer, you can get discountsCheck mark icon A check mark. Offers many unique types of mortgagesCheck mark icon A check mark. Low Cost Mortgages come with only $295 in closing costsCheck mark icon A check mark. Mortgage credit certificatesSome HFAs also offer mortgage credit certificates to first-time homebuyers.

Persons: It's, Chase, Grant, You'll, Carrington, Carrington doesn't, forbearance, HELOC, homebuyers, Truist, doesn't, Flagstar, they're, homeownership, Fannie Mae, Freddie Mac's, you'll, Anthony Park, Molly Grace, Julie Aragon, There's, Lauryn Williams, —, there's, PenFed, USAA, Wells, Wells Fargo, Ally Organizations: Homebuyers Bank of America Mortgage, Mortgage, Chase, Federal Credit Union Mortgage, New, U.S, Bank Mortgage, Federal Savings, Loan, Truist, Flagstar Bank, Business, Bank of America, of America, FHA, Bank, Bank of, Bank of America's, Miami . Bank of America, USDA, Guild Mortgage, Veterans, Navy, Credit, Federal, Navy Federal, Navy Federal Credit Union, Department of Defense, Student Loan, . Bank, US Bank, U.S . Bank, Carrington Mortgage, Carrington Mortgage Services, Consumer Financial Protection, DC, Private Mortgage Insurance, PMI, Down Payments, Quicken, Rocket Mortgage, Rocket, CrossCountry Mortgage, CrossCountry, Loans, Flagstar Bank Mortgage, Federal Housing Finance Agency, Federal Housing Administration, US Department of Housing, Urban, US Department of Veterans Affairs, US Department of Agriculture, Best, Chevron, CFP, Pentagon Federal Credit Union, BBB, Fairway Independent Mortgage Corporation, Veterans United, Movement Mortgage, NBKC, PNC Bank, Better Business Bureau Locations: VA, HELOC, Washington, DC, Charlotte, Dallas, Detroit, Los Angeles, Miami, Delaware, Vermont, Delaware , Vermont, Wyoming, J.D, New York, ., U.S, Massachusetts, North Dakota, Ohio, Florida, California , Colorado , Connecticut, Georgia , Illinois , Indiana , Kentucky, Maryland , Massachusetts , Missouri , New Hampshire , New Jersey , New York, North Carolina , Ohio , Oregon , Pennsylvania, South Carolina , Tennessee, Virginia, Tennessee, Arizona , Alaska, Hawaii, Arizona , California, Florida , Indiana , Michigan , New Jersey , New York , Ohio, Wisconsin, Flagstar, Arizona , California , Connecticut , Idaho , Michigan, Nevada , Ohio, New Mexico, Chevron, Wells Fargo

☆ I'm an 82-year-old lifelong voter. I think Biden and Trump are both way too old.
▼ + stars: | 2024-07-20 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +4 min

My household was conservative and I tend to vote Republican, but I never stick to the party for the sake of consistency. I've seen the state change politically, watching it go from blue to red as I went from childhood, to adulthood, to old age. President Biden was, quite frankly, too old four years ago, and he'll certainly be too old four years from now. As far as my dad was concerned, anyone beyond Medicare age, which Biden and Trump have long surpassed, should be passing the torch. I've been thinking about politics longer than both Biden and Trump; I've got them beat by one and four years respectively.

Persons: Barbara Fassett, I've, I'm, Biden, you've, Tim Scott's, — Organizations: Service, Republican, Trump, Michigan's, Trump . Power, Biden Locations: Michigan

While some of the best Amazon Prime Day deals include sales on Apple products, TVs, and other tech items, Prime Day is also a great time to invest in personal care items. Whether shopping for yourself or gifting someone else, Prime Day is the best time to splurge on a high-end shaver without breaking the bank. View at Amazon What we like Check mark icon A check mark. Additionally, we've consistently found that Amazon Prime Day offers the lowest prices on some of the best products. In order to shop on Prime Day, you'll need an Amazon Prime membership.

Persons: I've, shaver, we've, Pricey Philips, trimmer, It's, Amazon Philips Norelco Shaver, Remington Balder, Gillette Organizations: Business, Apple, Mower, Best Prime, Braun, Amazon Philips, Philips, Remington, Amazon

☆ 10 states with America's worst infrastructure, and most to gain from billions in federal dollars
▼ + stars: | 2024-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +16 min

To evaluate each state's infrastructure, our Top States study considers not just roads, bridges, ports and airports. The state broadband office notes that it is the nation's ninth-largest allocation per capita. The state's power grid is among America's least reliable, according to U.S. Department of Energy data. The severe weather means power outages are frequent as well. Since then, the power outages have persisted, making Maine's grid among the worst in the nation.

Persons: Pete Buttigieg, Seth Martindale, Rusty, Dan Koeck, Doug Burgum, Biden, Mark Miller, Suzanne Kreiter, Jim Justice, Senators Joe Manchin, Shelley Moore Capito, Mississippi Brenda Gavin, Elnora Ross, Michael Democker, Robert Gauthier, We're, Lauren Owens Lambert, Logan —, stoplights, Brianna Soukup, Lance King Organizations: Companies, Business, CNBC, Infrastructure Law, Arkansas Turrell, Arkansas Broadband Office, Law, Arkansas Economic Development Corporation, North Dakota, Washington Post, Peace Garden State, U.S . Department of Energy, Power Company, Dakota Utilities, Montana Bison, Getty, Industrial, Rte, Boston Globe, Census, U.S . Department of Transportation, West Virginia, Gov, U.S, Senators, West Virginia Coal Association, Justice, Manchin, Virginia Economic, First Street Foundation, Hawaii, Los Angeles Times, Afp, Boston Regional Airport, Spirit Airlines, Orlando, Logan, JetBlue, White Mountain Cable, Portland Press, Portland Press Herald, Central Maine Power, Power, Energy Department, Maine Locations: States, Arkansas, Arkansas Turrell Arkansas, Turrell Arkansas, Underwood, Peace, North Dakota, Minnesota, Dakota, Buffalo, Yellowstone, Montana, Massachusetts, Canton, Bay State, Boston, Kanawha, Poca, West Virginia, Winfield, Putnam County, Mountain State, Virginia, Mississippi, Louin , Mississippi, Gulf, BroadbandNow, Lahaina , Hawaii, Maui, Lahaina, Western Maui, Hampshire, Hampton , New Hampshire, Manchester, New Hampshire, New England, Maine, Epsom , New Hampshire, Brighton, Woodford Street, Portland, Alaska, Dalton, Coldfoot , Alaska

☆ Want to cash in on the AI boom? Buy these 2 lesser-known stocks, portfolio manager says
▼ + stars: | 2024-07-03 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Carey, a portfolio manager at the U.S.-headquartered investment advisory firm which manages around $4 billion, estimates that returns from AI will be across "multi-years [and] decades." AI companies have a very, very large moat, not only on the hardware side, but also, on the software side. Among the names Carey is bullish on is power management company Eaton . Shares of the U.S. power management company have had a bumpy ride over recent days, but remain up nearly 30% year-to-date and 54.4% in the last 12 months. He noted the "strong demand" for the small-cap's packaged solutions and products.

Persons: Carnegie Investment Counsel's Christopher Carey, Carey, Eaton, Powell Organizations: Carnegie Investment, Nvidia, Amazon, Microsoft, Broadcom, Powell Industries Locations: U.S

☆ AI data centers could add 3 New York Cities of demand to the power grid in 2 years
▼ + stars: | 2024-07-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

So far, the only part of Earth AI seems hell-bent on dominating is the power grid. AI data centers are doubling the pace of electricity demand growth in the US to the extent that demand could exceed supply in just two years without action, according to Bernstein Research. The potential shortfall could mean higher prices for the computing power AI developers of all sizes are clamoring for, along with ample opportunity for investors willing to build up supply. How are AI companies planning aheadIt's not just the total power needed for AI computing infrastructure, it's the unique cadence of the power need and the cooling AI chips require. Amazon is clearing some of these hurdles by colocating some data centers with nuclear power sites.

Persons: —, that's, catchup, Bernstein, Jensen Huang, Huang, Agrawal, we're, Andrew Feldman, Feldman Organizations: Service, Bernstein Research, Business, Nvidia, Vertiv, Lambda, Cerebras Systems Locations: UAE, South Africa, Kenya, Nigeria, Egypt, Iceland

☆ Failure to meet surging data center energy demand will jeopardize economic growth, utility execs warn
▼ + stars: | 2024-06-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

The expected demand from data centers and electric vehicles in the U.S. is equivalent to the entire electricity demand of Turkey, the world's 18th largest economy, according to Rystad. NextEra Energy , parent of Skantze's subsidiary, is the largest power company in the S&P utilities sector by market capitalization and it operates the biggest portfolio of renewable energy assets in the nation. They need this load to drive the next iteration of growth," Skantze told the Reuters Global Energy Transition conference in New York City this week. 'Energy security brings national security'Southern Company , the second-largest utility in the U.S. by market cap, is also seeing a historic wave of electricity demand. "You're also seeing in the Southeast, this incredible population growth and you're seeing all this onshoring with manufacturing."

Persons: Patrick T, Fallon, Surya Hendry, Petter Skantze, Skantze, John Ketchum, Ketchum, Chris Womack, Womack Organizations: Afp, Getty, Rystad Energy, Google, Microsoft, Meta, NextEra Energy Resources, NextEra Energy, Reuters, Energy, NextEra, Southern Company Locations: Los Angeles, U.S, Turkey, New York City, Atlanta, CBRE

☆ Tesla loses its EV quality edge as repair problems continue to plague the market
▼ + stars: | 2024-06-27 | by ( Justine Fisher | ) www.cnbc.com time to read: +3 min

A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Last year, the U.S. EV leader received a rank of 257 problems per 100 vehicles, compared with 265 problems per 100 vehicles on average for EVs from traditional automakers. Across the broader industry, not just BEVs, Tesla has consistently ranked toward the bottom in initial quality since J.D. BEVs averaged 266 problems per 100 vehicles, 86 points higher than gas- and diesel-powered vehicles, which averaged 180 problems per 100 vehicles, according to the study. "It is not surprising that the introduction of new technology has challenged manufacturers to maintain vehicle quality," Hanley said.

Persons: Tesla, Power, Power Frank Hanley, Hanley, — CNBC's Michael Wayland Organizations: J.D, Tesla, Auto, Apple, Android Locations: Santa Monica , California, J.D ., U.S

☆ Power outage hits Balkan states as heat overloads system, minister says
▼ + stars: | 2024-06-22 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

Montenegro’s energy minister said the shutdown was caused by a sudden increase in power consumption brought on by high temperatures, and by the heat itself overloading systems. “This was just waiting to happen in this heat,” Gentiana, a 24-year-old student in Montenegro’s capital Podgorica, told Reuters. Suppliers in the four countries said they started restoring supply by mid-afternoon and power was largely back by the evening. Power in Albania was restored within half an hour, but the country remained at a high risk of further shutdowns as power usage and heat levels were still high, he said. Western Balkan nations have seen a boom in solar energy investment, meant to ease a power crisis that had threatened a shift away from coal.

Persons: ”, Sasa Mujovic, Belinda Balluku, Balluku Organizations: CNN, Reuters, Suppliers, Air, HRT, Albanian Energy, North Macedonia’s Energy Regulatory Commission Locations: Montenegro, Bosnia, Albania, Croatia’s, Balkans, Montenegro’s, Podgorica, European, Bosnia’s, Sarajevo, Banja Luka, Mostar, Croatian, Split, Greece, Croatia

☆ Startup Kinetic rolls out robots to fix electric cars, and someday robotaxis
▼ + stars: | 2024-06-20 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

By providing diagnostics and recalibration of the high-tech systems in modern vehicles, the company hopes to decrease costs associated with EV ownership and repairs. The existing collision repair industry is well-equipped to handle most physical fixes like replacing a bumper, a busted windshield, brakes and paint or adjusting alignment. But for many collision repair centers and auto dealerships, ensuring all sensors, software and computers are working properly can prove time-consuming and expensive. Kinetic puts its robotic systems and technicians to work helping these shops and dealerships fix the finicky, "digital" aspects of customers' cars. Then Kinetic's software, which is connected to the vehicle's systems, will initiate and track the completion of those fixes.

Persons: Power, Nikhil Naikal Organizations: EV Locations: U.S, Santa Ana, California

In 2023, Texas led the nation in solar installations on its power grid, surpassing California for its second consecutive year. Explosive power demand poses a challenge to the Biden administration's goal of converting the U.S. power grid to 100% clean electricity by 2035. Nextracker is a leading U.S. solar firm, building systems that allow panels to track to the position of the sun, improving the efficiency of solar power plants. Shugar pointed to the massive number of renewable projects in the U.S. seeking connection to the power grid. But as energy demand increases, the value of each additional hour should rise, eventually making longer duration batteries more cost effective, he said.

Persons: Brandon Bell, Andrés Gluski, Joseph Rand, We've, Kelley, Wells, Goldman Sachs, Biden, Ryan Sweezey, Wood Mackenzie, Richard Kinder, Kinder Morgan, Kinder, Amin Nasser, Nasser, Shugar, Lawrence, Lazard, Nextracker's Shugar, Lawrence Berkeley, Amol Phadke, Rand, Sweezey, Reid Ramdathsingh, Ramdathsingh, Fluence, John Zahurancik, Zahurancik, it's, Zahuranick Organizations: Getty, Renewables, Energy Information Administration, Department of Energy, Big Tech, Microsoft, AES Corporation, Google, AES, Meta, UBS, Solar, Lawrence Berkeley National Laboratory, U.S, Tech, North America, DOE, CNBC, University of California Berkeley's Goldman School of Public, Goldman School, Lawrence, Rystad Energy, Siemens Locations: Ector County , Texas, Texas, California, United States, U.S, Wells Fargo, Saudi, Houston, Lawrence Berkeley, Fluence's Americas

☆ Hot utility stock NextEra falls nearly 5% after announcing plan to sell $2 billion in equity units
▼ + stars: | 2024-06-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

NextEra Energy stock fell nearly 5% in early trading Tuesday after announcing a plan to sell $2 billion in equity units to finance power projects as electricity demand rises and to pay back debt. The Florida-based power company, which operates the largest portfolio of renewable energy in the U.S., will issue equity units for $50, which will serve as a contract to purchase shares no later than June 1, 2027. The utility sector has gained about 8.5% over the past three months, outpacing the 6.2% gain by the S&P 500. But the utility space has cooled off over the past month, with NextEra falling 5% over that period. About 71% of Wall Street analysts rate NextEra as the equivalent of buy, while 24% have put a hold on the stock and 4.8% have recommended that investors sell.

Persons: NextEra, Goldman Sachs, Goldman, Carly Davenport Organizations: Energy, Energy Capital Holdings, UBS, Wall Street Locations: Florida, U.S

☆ Power stocks up, SaaS challenges and awaiting AI updates at Apple's big event
▼ + stars: | 2024-06-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 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. Club stock Eaton traded more than 2% higher at one point Monday after pulling back more than 5% last week. 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, Eaton, there's, We're, Jim, Salesforce, we'll, Jim Cramer's Organizations: CNBC, Nasdaq, Nvidia, Club, Dell Technologies, Micro, Dover Corp, Energy, Constellation Energy, GE Vernova, Justice, Developers, Apple, Vision, Jim Cramer's Charitable, Apple Inc Locations: United States, China, Cupertino , Calif

☆ Renewable energy will be the predominant power source for data centers, Nextracker CEO says
▼ + stars: | 2024-06-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

The solar panels are part of the renewable energy sources that power Apple's European data center in Viborg. "There'll be some gas, but we believe based especially on the data published by the DOE, the predominant energy source for these data centers is going to be renewable energy," Shugar told CNBC in an interview Thursday. Whereas older data centers may have been 100 to 200 megawatts in size, some of the "monster data centers" today may be as big as 1,000 megawatts, Shugar said. Microsoft, for example, recently signed a massive renewable energy deal with Brookfield Asset Management. The companies described the agreement as the largest renewable energy deal signed between two corporate partners to date.

Persons: Christoph Dernbach, Dan Shugar, Lawrence, Shugar, Goldman Sachs, Goldman Organizations: Getty, Big Tech, Wall Street, Lawrence Berkeley National Laboratory, Department of Energy, U.S, DOE, CNBC, Goldman, Microsoft, Brookfield Asset Management Locations: Hanstholm, Denmark, Viborg, Nextracker, California

☆ Activist Elliott wants Texas Instruments to bolster free cash flow. An amicable solution may emerge
▼ + stars: | 2024-06-01 | by ( Kenneth Squire | ) www.cnbc.com time to read: +11 min

Texas Instruments is one of the most iconic semiconductor companies in the world, with a history dating back nearly a century. Over the years, Texas Instruments has differentiated itself with a commitment to manufacturing as a core competitive advantage. In either case, Elliott thinks the company can achieve $9.01 of free cash flow per share. The company's capex plan has decimated free cash flow per share and is building to a 50% excess capacity. Elliott's plan restores the free cash flow per share growth and still builds to a 30% or 39% excess capacity.

Persons: Elliott, It's, Ken Squire Organizations: Texas, Texas Instruments, 13D Locations: COOs, China, Taiwan, U.S, capex, Richardson , Texas

☆ Goldman Sachs names top global stocks to play the coming power boom in AI and other areas
▼ + stars: | 2024-05-31 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

The artificial intelligence boom is fueling demand for power, with many tech companies rapidly developing infrastructure as they compete for dominance. Data centers house vast amounts of computing power needed for AI workloads, and are intense power-guzzling workhorses. But the need for power goes beyond data centers and other infrastructure, according to Goldman. Goldman cited studies which showed that AI data centers can consume up to 10 times the energy of their regular counterparts. Taiwan's tech industry extends across a "comprehensive global AI supply chain," with tech manufacturers consuming a "substantial" amount of power.

Persons: Goldman, — CNBC's Michael Bloom Locations: Asia, China, Taiwan, South Korea, India, South Korea's, Power, Australia

☆ White House to support new nuclear power plants in the U.S.
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +3 min

The White House on Wednesday plans to announce new measures to support the development of new U.S. nuclear power plants, a large potential source of carbon-free electricity the government says is needed to combat climate change. And a new tool will help developers figure out how to cut capital costs for new nuclear reactors. No new U.S. nuclear plants are currently being built. Vogtle is now the largest U.S. source of clean energy, the White House said. Nuclear energy accounts for about 19% of U.S. power generation, compared with 4% for solar and 10% for wind.

Persons: weren't, Joe Biden's, Ali Zaidi, Critics, Biden Organizations: Westinghouse, Toshiba, White House, Department of Energy, Army, The Department of Energy, U.S Locations: Waynesboro , Georgia, U.S, Biden's, Russia, United States, Georgia

☆ AI demand will push the power grid to the brink. Morgan Stanley says these stocks could benefit
▼ + stars: | 2024-05-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Companies that manufacture small, quickly deployable natural gas turbines and generators are poised to benefit as surging electricity demand from data centers creates major delays in adding new capacity to the power grid, according to Morgan Stanley. "We believe this greater appreciation for the current grid connectivity challenges will heighten investor interest in/focus on emerging 'time to power' solutions," the analysts told clients. Power projects waiting for connection to the Lone Star state's grid have surged from 17 gigawatts to about 40 gigawatts in less than two years, according to the analysts. There is also an extensive wait time for diesel-powered, backup generators for new data center projects, according to Morgan Stanley. Companies such as Cummins and Caterpillar are also poised to benefit because they manufacture natural gas-powered generators that provide backup power onsite, according to Morgan Stanley.

Persons: Morgan Stanley, Cummins Organizations: Lone Star, GE Vernova, Siemens Energy, Cummins, Caterpillar, GE Locations: U.S, Texas

☆ Utility stocks are on a tear as an 'energy transition supercycle' lifts the entire sector
▼ + stars: | 2024-05-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

Vistra Corp. has doubled over that period, while Constellation Energy is up nearly 62% and NextEra Energy has surged 34%. "This is not your old utility, where you just get a dividend and you're happy," Shahriar Pourreza, managing director of energy, power and utilities at Guggenheim Partners, told CNBC. The sector was oversold coming into 2024, with the market going too far in pricing in the impact of interest rates, Pourreza said. Power companies with deregulated assets are able to respond to market conditions more quickly than traditional utilities, he said. The tech sector is looking for clean energy to power data centers as they are simultaneously trying to limit their carbon footprints.

Persons: Pourreza, Jerome Powell, Goldman Sachs, Stephanie Link, CNBC's, Paul Hickey, Vistra, NextEra Organizations: Utilities, Vistra Corp, Constellation Energy, NextEra Energy, Guggenheim Partners, CNBC, Federal Reserve, Investors, HighTower Advisors, Investment Group, Constellation, Services, Microsoft Locations: It's, U.S, Wells

☆ 'The real AI darling': This data-center stock has beaten Nvidia by 310% since last year's blockbuster earnings
▼ + stars: | 2024-05-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The firm notes that Vertiv, which makes power and cooling equipment for data centers, has beaten Nvidia by 315% over the past year. Much of that stems from the advanced chips that power AI on — such as the ones Nvidia produces — requiring significantly more electricity to operate. "Power used by AI applications is expected to grow at a 25-33% CAGR over the next few years." AdvertisementAs Nvidia gears up for its earnings season on Wednesday, expectations remain strong, Bank of America said. Previously, Goldman Sachs had similarly outlined broadening AI investment, characterizing Nvidia as the first of four phases.

Persons: —, They're, Nvidia's, Vertiv, outpacing, BofA, Bank of America BofA, Steve Eisman, it's, NVDA, Goldman Sachs Organizations: Bank of America, Nvidia, Service, Vertiv

☆ At least 4 deaths in Houston, official says, as storms bring ‘life-threatening’ flood risk to Texas and Louisiana
▼ + stars: | 2024-05-16 | by ( Joe Sutton | Elizabeth Wolfe | ) edition.cnn.com time to read: +9 min

More than 100,000 are also in the dark in Louisiana as storms batter the state, as well. Parts of Texas and western Louisiana are under a rare Level 4 of 4 high risk of excessive rainfall Thursday, the Weather Prediction Center said. Major flooding has prompted water rescues in at least one Texas city. Texas and Louisiana have been in the bull’s-eye of seemingly unrelenting rounds of torrential, flooding downpours since the start of April. A tornado warning had been issued earlier Thursday evening in Harris County, including downtown Houston, according to the National Weather Service.

Persons: Samuel Peña, John Whitmire, Houston Mayor John Whitmire, Houstonians, what’s, Hurricane Harvey Organizations: CNN, Houston Fire, Hyatt, Weather Prediction, WPC, National Weather Service, Houston, KPRC, Houston Astros, Oakland Athletics, Houston Mayor, Centerpoint, METRO, Training, Florida Panhandle, Regional Climate Center ., Hurricane Locations: Houston, Hyatt Regency, Texas, Louisiana, Bryan, United States, Georgia, Waco, Mississippi, Lake Charles , Louisiana, Harris County, Harris, city’s, Gulf, Alabama, Florida, Shreveport , Louisiana

☆ Opinion: A Russian weapon could wipe out US space edge
▼ + stars: | 2024-05-15 | by ( Clayton Swope | ) edition.cnn.com time to read: +7 min

Here, the NanoRacks-Remove Debris satellite is deployed from the International Space Station in 2018. Before revelations about Russia’s development of a nuclear anti-satellite weapon, there had been indications of global recognition that the use of certain space weapons was bad for everyone. The proposed defense budget for 2025 does not reflect the scale and urgency of the need to counter space threats and protect space systems. Learning how to operate satellites in a space environment clogged with debris or increased radiation caused by a space weapon is also important. We need a two-pronged effort to prepare for the worst: Double down on efforts to protect and maintain access to space in a hostile space environment and consider how to operate without space.

Persons: Clayton Swope, Mike Turner, Estonia’s, —, Vassily Nebenzia, Frank Herbert’s Organizations: Aerospace Security, International Security, Center for Strategic, International Studies, CIA, CNN, Clayton, Clayton Swope Center, Strategic, United, US, Intelligence, Ohio Republican, International Space Station, NASA, GPS, Finnair, United Nations, UN, Twitter Locations: Washington , DC, Russian, United States, Russia, Ohio, Vietnam, Guadalcanal, Iwo Jima, Tartu, China, Moscow

☆ Goldman says buy call options in these stocks set to benefit from an AI-driven energy demand surge
▼ + stars: | 2024-05-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Power demand is expected to surge over the next decade driven primarily by artificial intelligence and data centers, with natural gas , renewable and utility stocks poised to benefit, according to Goldman Sachs. AI and data centers will consume 8% of U.S. power demand by 2030, compared with 3% currently, according to Goldman projections. Natural gas will power 60% of the growth, while renewables are expected to make up the other 40%, according to the investment bank. Goldman recommends that investors buy call options for stocks most levered to the coming power demand surge. These buy-rated stocks are attractive because their current volatility is well below their median implied volatility, according to Goldman.

Persons: Goldman Sachs, Goldman, Kinder Morgan Organizations: Southern Company, Southern

☆ U.S. energy panel approves rule to expand transmission of renewable power
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: +6 min

Republican Mark Christie opposed the rule, dismissing it as a gift to solar and wind power operators. Many power companies and Republican-led states don't want to spend money on new transmission lines or upgrades for renewable energy, creating conflicts with Democratic states that have ambitious clean-energy goals. The rule is intended to streamline how power lines are sited and how costs are shared between states. It could accelerate construction of new transmission lines for wind, solar and other renewable power and add huge amounts of clean energy to the grid. The new rule "will improve regional transmission planning, break down barriers to grid buildout and support the delivery of more affordable and reliable power,″ Zaidi said.

Persons: Joe Biden's, Willie Phillips, Allison Clements, Republican Mark Christie, Phillips, Christie, ″, Biden, Ali Zaidi, ″ Zaidi, Clements, Heather O'Neill, Chuck Schumer, Schumer Organizations: Federal Energy Regulatory Commission, Democratic, Republican, Energy Department, FERC, Advanced Energy Locations: Washington, U.S

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