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☆ US port workers strike starts across the East and Gulf Coasts
▼ + stars: | 2024-10-01 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +7 min

The strike, which was confirmed by the Port Authority of New York and New Jersey as well as the Port of Virginia, began at midnight. The strike will stop the flow of a wide variety of goods over the docks of almost all cargo ports from Maine to Texas. The ports involved include the Port of New York and New Jersey, the nation’s third-largest port by volume of cargo handled. Port Wilmington in Delaware describes itself as the nation’s leading banana port, bringing in a large share of America’s favorite fruit. President George W. Bush applied the act in 2002 to halt an 11-day lockout of union members at West Coast ports.

Persons: haven’t, USMX, ” Harold Daggett, containerization, John McCown, Biden, ”, Joe Biden, Taft, Hartley, George W, Bush, “, ” Biden, ” It’s, Daggett, “ It’s, Peter Tirschwell, ’ ” Organizations: New, New York CNN, International Longshoremen’s Association, Port Authority of New, United States Maritime Alliance, American Farm Bureau, Retailers, ILA, “, P Global Market Intelligence, CNN Locations: New York, Gulf Coast, Port Authority of New York, New Jersey, of Virginia, Maine, Texas, of New York, Port Wilmington, Delaware, West Coast, Taft

☆ Clock ticks down towards a port strike with little hope it will be avoided
▼ + stars: | 2024-09-30 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +7 min

The maritime alliance represents the major shipping lines, all of which are foreign owned, as well as terminal operators and port authorities. Depending on the length of the strike, there could be shortages of consumer and industrial goods, which could then lead to price hikes. What could be in short supplyThe ports involved include the Port of New York and New Jersey, the nation’s third-largest port by volume of cargo handled. Port Wilmington in Delaware describes itself as the nation’s leading banana port, bringing in a large share of America’s favorite fruit. The union has pledged to continue to handling military cargo even during a strike and said passenger ships won’t be affected.

Persons: “, ” Harold Daggett, containerization, John McCown, Biden, ”, Joe Biden, Taft, Hartley, George W, Bush, Julie Su, Peter Buttigieg, Lael Brainard, ” Biden, ” CNN’s Arlette Saenz Organizations: New, New York CNN, Gulf Coasts, International Longshoremen’s Association, ILA, United States Maritime Alliance, American Farm Bureau, “, Business, Labor, National Economic Council, CNN, Union, Labor Department Locations: New York, Gulf, Maine, Texas, of New York, New Jersey, Port Wilmington, Delaware, Port, Baltimore, West Coast, Taft

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why U.S. auto factories are so unproductiveAutomakers aren't selling as many cars as they used to, and the EV transition is a lot rockier and slower than expected. Factory space in North America and around the world is empty and unused. Companies especially challenged are Ford, GM, Stellantis, Nissan, and EV makers such as Tesla and Rivian. That could mean billion dollar losses, job cuts and potential supply chain chaos. Automakers, industry analysts and even governments are adjusting expectations and preparing for an uncertain future.

Organizations: Companies, Ford, GM, Nissan, EV Locations: North America

☆ Masayoshi Son is the $100 billion gambler who went from dirt track to tech titan — and he isn't done betting yet
▼ + stars: | 2024-09-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +14 min

SoftBank founder Masayoshi Son has spent his life putting bold bets on the future of technology. SoftBank, the media-technology conglomerate Son founded two decades prior, was riding high on the glory it attained in the dot-com boom. He was told he was special," Barber told BI. "He wants to be seen as the great modernizer transforming this petrostate into a truly modern economy where technology is at the forefront," Barber told BI. But as previous cycles in Son's life dictate, the flurry of enthusiasm is typically followed by failure.

Persons: Masayoshi Son, Lionel Barber, —, Son, Bill Gates, Masa —, Uber, Barber, Vladimir Putin, Barack Obama, — he's, Jack Ma's Alibaba, Wang, he's, Napoleon Bonaparte, Genghis Khan, Qin Shi Huang, Emperor of, Microsoft's Gates, Jordan Strauss, Mitsunori, SoftBank, Rupert Murdoch, Larry Ellison, Jack Welch, Steve Jobs, Masayoshi, Justin Sullivan, Rajeev Misra, Nikesh Arora, Phil McCarten, Abu Dhabi's Mubadala, Mohammed bin Salman, Saudi, Michael Moritz, Kim Jong, Adam Neumann, Donald Trump, Wirecard, Jesus, NurPhoto, He's, Allen Lane Organizations: Service, Financial Times, Kremlin, Yahoo, Popular Electronics, Vision, Deutsche Bank, Google, Reuters, Saudi Arabia's Public Investment Fund, Vision Fund, Valley's, Sequoia Capital, Greensill, Nvidia, Signal Publishers Locations: Tokyo's Roppongi, Japan, Masayoshi, Washington, Wayne, Emperor of China, Kyushu, United States, Riyadh, Berkeley, Las Vegas

☆ French tycoon gains $17 billion from China’s economic stimulus push
▼ + stars: | 2024-09-27 | by ( Juliana Liu | ) edition.cnn.com time to read: +4 min

But by the end of the day, his net worth jumped by $17 billion to $201 billion, the index reported, calling it his third-biggest daily increase ever. That market, which accounted for 31% of total revenue last year, is dominated by China. Hong Kong’s benchmark Hang Seng index has added just over 12% so far this week, while mainland China’s blue-chip CSI300 has gained more than 15%. However, experts urged investors to be cautious as officials must still come up with ways of stabilizing the property market, which once accounted for as much as 30% of economic activity. It began to cool in 2019 and fell into a deep trough about two years later, after a government-led clampdown on developers’ borrowing.

Persons: Bernard Arnault isn’t, Arnault, LVMH, “, Nomura, Xi Jinping, Pan Gongsheng, Pan Organizations: Hong Kong CNN, LVMH, Bloomberg, Markets, People’s Bank of China Locations: China, Hong Kong, LVMH, Paris, Asia, “ Beijing

☆ Hands-on with Meta's Orion AR glasses prototype and the possible future of computing
▼ + stars: | 2024-09-27 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Meta CEO Mark Zuckerberg presents Orion AR Glasses, as he makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024. The most impressive aspect of Meta's Orion augmented-reality glasses has more to do with size and comfort than flashy computer graphics. Meta CEO Mark Zuckerberg revealed the Orion glasses on Wednesday and pitched them as "a glimpse of a future that I think is going to be pretty exciting." While Orion is not capable of putting users in fully virtual worlds, the glasses can overlay digital graphics onto the real world. And unlike VR headsets that can be cumbersome to wear for extended periods, Boorstin said she found the Orion glasses to be a good fit.

Persons: Mark Zuckerberg, Orion, Julia Boorstin, Boorstin, they're Organizations: Meta, CNBC, Orion, Connect, Apple Vision Locations: Menlo Park , California, U.S

☆ Port workers from Maine to Texas are set to strike Tuesday. Expect shortages and higher prices
▼ + stars: | 2024-09-26 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +10 min

It represents the major shipping lines, all of which are foreign-owned, as well as terminal operators and port authorities. Depending on duration, a strike could mean shortages of consumer and industrial goods, possibly driving up prices again. That labor peace has helped them capture market share from West Coast ports that have historically had more contentious labor relations. But he said the shipping lines appear unwilling to pay what it takes this time. The shipping lines realize the problem with having Biden order the union back to work, said Tirschwell.

Persons: Luke Sharrett, Patrick Anderson, ”, USMX, Harold Daggett, John McCown, containerization, Brendan Smialowski, Peter Tirschwell, “, Republican Donald Trump, ” Tirschwell, hasn’t, Jonathan Gold, ” Gold, Biden, Joe Biden, Taft, Hartley, George W, Bush, Bradley Saunders, Daggett, ’ ” Organizations: New, New York CNN, US Maritime Association, International Longshoremen’s Association, BMW, Port, Bloomberg, Getty, ILA, Anderson Economic Group, “, P Global Market Intelligence, Federal Maritime Administration, Republican, National Retail Federation, North, Capital Economics, United Auto Workers Locations: New York, Maine, Texas, East Coast, Gulf, Gulf Coast, of New York, New Jersey, Port Wilmington, Delaware, Port, Baltimore, Port of Charleston, South Carolina, Charleston , South Carolina, West Coast, Michigan, Port of Baltimore, Baltimore , Maryland, AFP, East, North American

But the news wasn't greeted warmly in some corners of media, as it raised concerns that Snapchat might become the latest in a line of Big Tech platforms to deprioritize traditional media publishers in favor of creators. A fourth said any time publishers get mixed up with creators, it's bad for publishers, adding that their Snapchat revenue was already in decline so the platform had become less of a focus. A few years later, as user-generated content became dominant on social apps like TikTok, the company shifted focus to individual content creators. Advertisement"The way they're structured now is less built to over cater to traditional publishers," a fifth Snap publisher exec said. ESPN on Snapchat Discover SnapchatSome publishers have shifted resources away from Snapchat during a challenging period for the media business as a whole.

Persons: —, Snapchat Snapchat, it's, Evan Spiegel, Presley Ann, Getty, Snap's, Spiegel, Digiday, influencers, Ben Reininga, Sophie Crowther, There's, Ben Jeffries Organizations: Service, Big Tech, Business, Publishers, Meta, Google, ESPN, The Daily Mail, CNN, Snapchat, Harvard University, Dollar Locations: Snapchat

☆ FDA approves Bristol Myers Squibb's schizophrenia drug, the first new type of treatment in decades
▼ + stars: | 2024-09-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

The Food and Drug Administration on Thursday approved Bristol Myers Squibb 's highly anticipated schizophrenia drug Cobenfy, the first novel type of treatment for the debilitating, chronic mental disorder in more than seven decades. Bristol Myers Squibb expects the twice-daily pill, which will be sold under the brand name Cobenfy, to be available in late October, executives told CNBC. Cobenfy could also be a huge long-term sales opportunity for Bristol Myers Squibb, which faces pressure to offset the potential loss of revenue from top-selling treatments that will see their patents expire. But they said the drug will likely have a slow launch, so it may not meaningfully contribute to Bristol Myers Squibb's top line in 2024 and 2025. "We've helped people, we've improved outcomes, we've provided caregivers and physicians with another tool that they can use."

Persons: Bristol Myers, Cobenfy, Guggenheim, doesn't, Andrew Miller, We've, we've Organizations: Drug Administration, Bristol, Bristol Myers Squibb, CNBC, Karuna Therapeutics Locations: U.S

Read previewIt could be the end of an era for publishers on Snapchat. A fourth said any time publishers get mixed up with creators, it's bad for publishers, adding that their Snapchat revenue was already in decline so the platform had become less of a focus. A few years later, as user-generated content became dominant on social apps like TikTok, the company shifted focus to individual content creators. Advertisement"The way they're structured now is less built to over cater to traditional publishers," a fifth Snap publisher exec said. ESPN on Snapchat Discover SnapchatSome publishers have shifted resources away from Snapchat during a challenging period for the media business as a whole.

☆ AI leaders are reacting to OpenAI's wild 24 hours with a mix of schadenfreude and concern
▼ + stars: | 2024-09-26 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

It's been a wild 24 hours at OpenAI. Meanwhile, CEO Sam Altman said Thursday the exec departures were unrelated to restructuring talks. AdvertisementIt's been a wild 24 hours at OpenAI, with three high-level execs leaving the company — including CTO Mira Murati — and reports it's restructuring as a for-profit benefit corporation. Speaking at Italian Tech Week Thursday, OpenAI CEO Sam Altman said the executive departures and restructuring talks were unrelated. "I obviously won't pretend it's natural for this one to be so abrupt, but we are not a normal company," he wrote.

Persons: It's, Sam Altman, —, Mira Murati —, Sam Altman's, execs, Altman, Elon Musk, Gary Marcus —, Altman —, Sora hasn't, Marcus, Nicolas Miailhe, Miailhe, I've, it's, Mark Chen, Bob McGrew Organizations: Service, Italian Tech, OpenAI, Bloomberg, Reuters, Geometric Intelligence, Future Society Locations: —

☆ How we're thinking about 7 portfolio stocks with ties to OpenAI after its latest shakeup
▼ + stars: | 2024-09-26 | by ( Morgan Chittum | ) www.cnbc.com time to read: +11 min

We're taking a keen interest because several stocks in the Club portfolio have ties to the startup behind ChatGPT. Co-founder Ilya Sutskever, who had been chief scientist, also left earlier this year and launched a new AI startup. Microsoft Microsoft got the first-mover advantage among big tech firms because of its early investment in OpenAI. As of now, we still haven't heard much about Lilly's exact plan to utilize OpenAI's technology. OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.

Persons: OpenAI, Sam Altman's, There's, Mira Murati, she's, Bob McGrew, Barret Zoph, Altman, Ilya Sutskever, it's, here's, ChatGPT, Jim Cramer, Jim, That's, —, OpenAI's, Jensen Huang, Nikesh Arora, Morgan Stanley Morgan Stanley, Morgan, Eli Lilly Eli Lilly, Eli Lilly's, Einstein, Marc Benioff, Jim Cramer's, Sam Altman, Jason Redmond Organizations: Club, Microsoft, Nvidia, Reuters, CNBC, Apple Intelligence, Apple, Bloomberg News, Street, Microsoft Microsoft, Blackwell, Palo, Palo Alto Networks, Employees, OpenAI, Barclays, Jim Cramer's Charitable, AFP, Getty Locations: OpenAI, Redmond, Washington, Palo Alto, Redmond , Washington

☆ Don't hate billionaires like Jeff Bezos — they make our lives better, 2 experts say
▼ + stars: | 2024-09-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

But two experts say the uber-wealthy are often huge contributors to society — and trying to eliminate them could badly backfire. It's become increasingly popular to make claims such as "billionaires shouldn't exist" and "any billionaire is a policy failure." But these moral criticisms of billionaires are unconvincing because people overstate billionaires' power and influence and overlook the benefits of some billionaires. There's a widespread belief that governments should tax billionaires primarily and spend that money on public goods and anti-poverty programs. Instead of saying that every billionaire is a policy failure, we should instead embrace the idea that every billionaire is a policy success.

Persons: Critics, —, Jessica Flanigan, Richard L, Chris Freiman, It's, Elon Musk, Jeff Bezos, Steve Jobs, Jobs, Bezos, Warren Buffett, isn't, Taylor Swift, LeBron James Organizations: Service, Morril, University of Richmond, West Virginia University, Business Locations: multimillionaires

☆ Trump's already massive New York civil fraud penalty has grown by $24M in interest ahead of a Thursday court showdown
▼ + stars: | 2024-09-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

(For perspective, Trump's 2016 settlements in three Trump University fraud cases totaled $25 million.) AdvertisementTrump has denied any fraud, and his lawyers argue in their appeal that the judgment is unjustified, legally flawed, and excessive. By winning his appeal, Trump would also dodge the judgment's non-monetary punishments, which are many. Winning would mean Trump, Donald Trump, Jr., and Eric Trump would no longer face being banned for two years from running Trump Org or any other business in New York state. By appealing, Trump has kept all of these fraud punishments on ice, with the exception of the Trump Org monitoring, which is ongoing.

Persons: —, Donald Trump, John Sauer, ometer, Trump, Arthur Engoron, Donald Trump's, Letitia James, Engoron, He'd, Donald Trump , Jr, Eric Trump, Read Organizations: Service, Trump, Business, Trump University, D, New, Trump Organization, Trump's, Trump Org Locations: New York, Manhattan, Trump's Manhattan

A San Francisco venture firm developed a proprietary model it calls "moneyball for venture capital." The firm is revealing 19 exceptional female investors with a keen eye for identifying future unicorns. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It developed a proprietary model it calls "Moneyball for venture capital" that uses AI to predict which early-stage startups are most likely to become unicorns, which are companies valued at more than a billion dollars.

Persons: —, Fred Campbell, Joseph Aaron, Scott Pyne, Steve Marek, Dick Fredericks Organizations: US, Service, Business Locations: San Francisco

☆ How promises of a ‘post-Roe future’ have fallen short
▼ + stars: | 2024-09-22 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +17 min

Few address child care, for infants or beyond. Since Dobbs, seven states have had ballot initiatives on the topic, with the abortion rights position winning in each state. In November, at least 10 more initiatives aimed at restoring or protecting abortion rights will be in front of voters across the country. But Brahm has also rallied an array of political, faith, academic, medical and advocacy leaders into a coalition called “Building a Post-Roe Future” that calls for more affordable health care and child care, expanded child tax credits, paid parental leave, flexible work hours and enforced pre-natal support. Though paid parental leave has been a big topic of discussion around the country, the only states to enact such measures since Dobbs are those where abortion rights are protected.

Persons: CNN — Weeks, Roe, Wade, ”, Mike Johnson, Dobbs, Johnson hasn’t, there’s, It’s, ’ ”, Samuel Lee, that’s, haven’t, Josh Brahm, Brahm, Kamala Harris, Donald Trump, Tate Reeves –, Chris Seward, Phil Berger, Lee, ” Lee, “, Louis, Angela Weiss, Brenda Shields, Shields, ” Shields, Mike Parson, Crystal Quade, Parson, ” Quade, aren’t, they’re, Kim Reynolds, Pat Grassley, Grassley, ” Grassley, Zach Wahls, couldn’t, Reynolds, Kent Nishimura, Johnson, Taylor Haulsee, Claudia Tenney, York –, Tenney, Mariannette Miller, Meeks, Miller, Young Kim, Kim, Callie Strock, Dave Schweikert, tweeting, Schweikert, Utah Sen, Mitt Romney, Republican Sen, Marco Rubio, ” Brahm Organizations: CNN, Social, Republican, Rights Institute, IT, Lifeline, North, North Carolina Senate, Democratic, National Center for Health Statistics, Getty, Republicans, Missouri Chamber of Commerce, Republican Gov, ”, “ Iowa Press, Food and Drug Administration, Energy, Commerce Committee Locations: Louisiana, Roe America, Washington, Iowa, Missouri, Roe, Georgia, Atlanta, America, Wilmington , North Carolina, Mississippi, ” In Mississippi, , Kentucky, Ohio, North Carolina, Raleigh, St, Washington , DC, York, California, Arizona, Utah, Marco Rubio of Florida

☆ Major movie theater chains unveil a $2.2 billion makeover plan
▼ + stars: | 2024-09-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

That’s why the biggest theater chains in the United States and Canada have a $2.2 billion plan to bring them back. Large chains are also facing competition from luxury theaters offering an enhanced viewing experience, like IPIC Theaters and Alamo Drafthouse. Better air conditioning, new signs and revamped carpeting are also included in the plan. In July, Regal announced it would spend $250 million to remodel its 400 locations following its parent company’s exit from bankruptcy. The $2.2 billion investment shows “no better reflection of confidence” about movie theaters’ future, Paul Dergarabedian, senior analyst at Comscore, told CNN.

Persons: Cinemark, Paul Dergarabedian, ” Organizations: New, New York CNN, AMC Entertainment, Regal, American, IPIC, Sony Pictures Entertainment, National Association of Theatre Owners, NATO, CNN, “ Locations: New York, United States, Canada

☆ The hottest AI startups are raising back-to-back funding rounds. Suddenly, it's feeling very 2021 in Silicon Valley for a chosen few.
▼ + stars: | 2024-09-20 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com time to read: +11 min

Read previewIn February, Glean announced a $200 million funding round valuing the AI enterprise software startup at $2.2 billion. AdvertisementThe transaction is the latest in a string of dizzying back-to-back funding rounds at ever-higher valuations for a handful of AI startups that stand in stark contrast to the doldrums of the overall market for startups. Earlier this year, Sakana raised $30 million in a seed funding round led by Lux Capital. Slingshot AI, which has built an automated mental health counselor, also raised separate rounds of funding just months apart. Advertisement"VCs are increasingly faced with frequent requests from their hot AI companies to follow on or double down on investments," said Iris Sun, an investor at 500 Global.

Persons: —, Glean, Arvind Jain's inbox, Jain, Steve Brotman, Perplexity, SoftBank, Sakana, Gregg Hill, that's, Matt Murphy, Dario Amodei, Kimberly White, Murphy, I'd, I've, Jenny Chang, Rodriguez, Jai Das, Rajeev Dham, couldn't, Das, Sapphire, Uber, Iris Sun, Chandrasekar Organizations: Service, Business, DST Global, Alpha Partners, Bloomberg, Google, New Enterprise Associates, Khosla Ventures, Lux Capital, Parkway Venture Capital, Menlo Ventures, Getty, Sapphire Ventures, Investments Locations: Tokyo

☆ New analysis of samples from Wuhan animal market supports its role as a central site of early spread of Covid-19
▼ + stars: | 2024-09-19 | by ( Brenda Goodman | ) edition.cnn.com time to read: +9 min

The new findings add to strong, but circumstantial evidence that the SARS-CoV2 virus jumped from infected animals to humans and that the market was a central site of early spread. Of the animals present at the market, rabbits, dogs and raccoon dogs are known to be susceptible to Covid-19 infections. Their analysis shows that SARS-CoV2 virus present at the market emerged at the same time as the virus from the larger pandemic, suggesting they are one and the same. The pandemic virus would have an earlier birthdate. “A lab origin is a possibility.

Persons: “, ”, Kristian Andersen, Andersen, ” Andersen, Florence Debarre, ” Debarre, Debarre, there’s, Dr, Sanjay Gupta Organizations: CNN, Wholesale, Scripps, Research, French National Centre for Scientific Research, National Institutes of Health, CNN Health Locations: Wuhan, China, Covid, La Jolla , California, United States

☆ How Cassie Ventura’s courage led to the Sean ‘Diddy’ Combs indictment
▼ + stars: | 2024-09-18 | by ( Lisa Respers France | ) edition.cnn.com time to read: +7 min

Combs‘ decision to settle the lawsuit does not in any way undermine his flat-out denial of the claims,” Combs’ attorney said at the time. CNN has reached out to representatives for Ventura for comment on Combs’ criminal indictment, which may not have happened had she not had the courage to share her account. Her talent and beauty attracted the attention of Combs, who signed Ventura to his Bad Boy Entertainment label. Ventura and Combs first went public with their romantic relationship in 2012 and were soon regulars at fashion shows and Hollywood parties. I’m truly sorry.”Ventura thanked her supporters and turned her focus to domestic violence survivors.

Persons: Cassie Ventura, Sean “ Diddy ” Combs, Mr, Combs, ” Combs, Elizabeth Ventura, Ventura, Ryan Leslie, ”, “, Sean John, Lil Wayne, Madam Noire, ” Cassie, Kevin Mazur, you’re, ‘ Aw, ’, Alex Fine, ‘, “ Cassie, ” Sean Combs, Angela Weiss, ” Ventura, Slim Thug, I’m Organizations: CNN, Ventura, Bad Boy Entertainment, Hollywood, Pitchfork, BET, Getty, New York, “ Locations: Combs, New London , Connecticut, New York, Los Angeles, ”

☆ Mark Cuban says billionaires show why America is special — and it's patriotic to get obscenely rich then pay big taxes
▼ + stars: | 2024-09-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Mark Cuban said billionaires are a product of the American Dream and what makes the US special. The "Shark Tank" star said it's patriotic to get "filthy, stinkin' rich" then pay large taxes. Building wealth often creates jobs while taxes fund key public services, Cuban said. AdvertisementMark Cuban says billionaires are a product of boundless opportunity — and people should take pride in creating wealth as the money flows back into society. That's what makes America special," the "Shark Tank" star said.

Persons: Mark Cuban, —, Bill Gates Organizations: Service, Netflix, Business Locations: Cuban

☆ A push toward sustainable jet fuel is leaving investors with unanswered questions
▼ + stars: | 2024-09-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +8 min

Bloomberg | Bloomberg | Getty ImagesThe aviation industry still sees so-called "sustainable aviation fuel" (SAF) as the only viable way to meet its decarbonization targets, even as opposition and the potential for higher costs for passengers pose obstacles to the fast-growing sector. SAF is a broad term describing fuel that is burned by an aircraft engine, but instead of using kerosene is derived from more sustainable sources. The planemaker said it is collaborating with producer HIF Global on the development of methane-based fuels, and investing in alcohol-to-jet fuel producer LanzaJet. But IATA's own forecast for SAF production to triple in 2024 to 1.9 billion liters would cover just 0.53% of aviation fuel demand for the year. "The truth is, it's going to be more expensive, you can't really sugarcoat that," said HIF Global's Clara Bowman.

Persons: Neste, HIF, Buzz, Lauren Riley, Riley, Rick Nagel, You've, Clara Bowman, Bowman, United's Lauren Riley, HIF Global's Clara Bowman Organizations: SAF, Bloomberg, Getty, United Airlines, Chicago O'Hare International, Labour, Airbus, Farnborough Air, CNBC, International Air Transport Association, Acorn Capital Management, Porsche, HIF, Union's Renewable Energy Directive, Biden, Boeing, Google, Embraer Locations: Singapore, Chile, Texas, U.S, America

As hosts of the next World Cup, the U.S. automatically qualifies for the tournament. In the 2022 World Cup, the U.S. was knocked out by the Netherlands in the round of 16. Asked by host Roger Bennett on the “Men in Blazers” podcast what success means for the U.S. in the upcoming World Cup, Pochettino was unequivocal. “We win the World Cup,” Pochettino responded. “I think we need to dream that we are going to win the World Cup.

Persons: Mauricio Pochettino, who’s, ”, Matt Crocker, ” Crocker, Pochettino, Germain, Christian Pulisic, “, Gregg Berhalter, Harry Kane, Dele Alli, Pochettino’s, haven’t, ” Pochettino, Berhalter, Berhalter’s, Paris Saint, Kylian, Lionel Messi, ’, Todd Boehly, They’ve, Messi, Roger Bennett Organizations: Argentine, Soccer Sporting, Copa America, Chelsea, Paris Saint, Tottenham, Milan, Christian, U.S, English Premier League, Tottenham Hotspur, Tottenham vacillated, UEFA Champions League, Spurs, English League, Champions League, Liverpool, Premier League, Manchester City, men’s, “, Pochettino’s Spurs, Borussia Dortmund, League, Arsenal, PSG, Real Madrid, MLS, Columbus Crew, South, Blazers Locations: U.S, Paris, Manhattan, Argentine, Uruguay, Netherlands, City, Liverpool, American, France, South American

☆ Pope Francis, in Singapore, urges fair wages for migrant workers
▼ + stars: | 2024-09-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

SINGAPORE — Pope Francis on Thursday urged political leaders in Singapore, a leading global financial hub, to seek fair wages for the country’s million-plus lower-paid foreign workers. “These workers contribute a great deal to society and should be guaranteed a fair wage,” he said. Many of the migrant workers come from nearby countries such as Malaysia, China, Bangladesh and India. A Singapore NGO that provides services for migrant workers, Humanitarian Organisation for Migration Economics, welcomed the pope’s remarks, saying they were in “full agreement” with his call for fair wages. The Vatican said Francis’ Mass drew some 50,000 people to Singapore’s national sports stadium.

Persons: Pope Francis, ”, Francis, Francis ’, Tharman Shanmugaratnam, Lawrence Wong, Tiziana Fabi, Getty Images Francis, Singapore’s, John Paul II, Singapore, ” Francis, Taylor Swift, Connie Rodriguez, “, Cardinal Stephen Chow Sau Organizations: Singapore NGO, Organisation, Migration Economics, Tiziana, Getty Images, Getty, Catholic Locations: SINGAPORE, Singapore, Southeast Asia, Oceania, Malaysia, China, Bangladesh, India, Philippines, Papua New Guinea, AFP, Hong Kong, Indonesia, East Timor, Rome

☆ Just the Facts – Energy and the Environment: Steve Ballmer Talks Through the Number
▼ + stars: | 2024-09-12 | by ( Sponsor Post | ) www.businessinsider.com time to read: +11 min

The federal government and many state governments are passing laws and regulations designed to reduce our use of fossil fuels and increase renewable energy production. Now let's talk about energy production. Big picture, America's production of oil, natural gas, and renewables is growing with natural gas growing most of all. In 1950, natural gas was about 18% of total US energy production. As for oil, US domestic crude oil production has more than doubled since 2000.

Persons: Steve Ballmer, That's Organizations: Insider Studios, LA Clippers, US, Buildings, Transportation, Global Locations: United States, America, China, Russia, Ukraine, Venezuela

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