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During a landmark visit to the Amazon rainforest on Sunday, President Joe Biden highlighted his climate legacy, declaring that no one can reverse America’s green transition as President-elect Donald Trump’s fossil-friendly policies loom large. Biden is the first sitting U.S. president to visit the world’s largest tropical rainforest, which plays a vital role in removing carbon dioxide from the atmosphere but is under growing threat from climate change. Speaking afterward at the Museum of the Amazon in Manaus, Brazil, Biden said the fight against climate change had been a “defining cause” of his presidency. Biden began his term by bringing the U.S. back into the Paris Agreement, an international treaty on climate change that his predecessor, Trump, had withdrawn from. Trump, a climate change skeptic, has said he will withdraw from the agreement again as well as loosen restrictions on oil and gas exploration.

Persons: Joe Biden, Donald Trump’s, Biden, Trump, ” Biden, “, ” Organizations: Museum of, Trump, U.S Locations: Manaus, Brazil, United States, Paris

☆ Mystery fault takes undersea internet cable between Germany and Finland out of service
▼ + stars: | 2024-11-18 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +2 min

CNN —An unexplained fault in an undersea telecommunications cable linking Finland and Germany has disrupted communication services, the company that runs the link said Monday. The C-Lion1 cable that connects Helsinki to Rostock in Germany was built and is operated by Cinia, a state-controlled Finnish company. It is unclear what caused the fault – Cinia said in a statement that it is still investigating the issue. However, the malfunction comes just weeks after the United States warned that it had detected increased Russian military activity around key undersea cables. A repair vessel is ready to go to the site of the fault, Cinia said, according to Finland’s public broadcaster, YLE.

Persons: Cinia Organizations: CNN, Cinia, YLE Locations: Finland, Germany, Helsinki, Rostock, Europe, States, Russia, Sweden, Denmark, Norway

☆ Here are Monday's biggest analyst calls: Nvidia, Netflix, Tesla, Roku, Moderna, CVS, Alphabet, Robinhood & more
▼ + stars: | 2024-11-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Oppenheimer reiterates Netflix as outperform Oppenheimer said the Jake Paul-Mike Tyson fight "demonstrates [the] ability for meaningful" live event viewership for Netflix. Goldman Sachs initiates Ingram Micro as buy Goldman said the IT solutions provider is well positioned. Goldman Sachs initiates Gatx as buy Goldman said it's bullish on the railcar company. Baird upgrades Roku to outperform from neutral Baird said in its upgrade of Roku that it sees an "attractive long-term opportunity." Needham upgrades Robin Hood to buy from hold Needham said the stock is a beneficiary of the Trump election.

Persons: Oppenheimer, Jake Paul, Mike Tyson, it's bullish, Goldman Sachs, Ingram, Goldman, Baird, Morgan Stanley, Raymond James, Wells, Needham, Biogen, it's, Robin Hood, Trump, Donald Trump's, Bernstein, Tesla Organizations: Netflix, Citi, Astera, Ingram, GATX Corporation, RBC, UBS, Franco, Wheaton Precious Metals, WPM, HSBC, Moderna, Air Products, Hewlett Packard Enterprise, Enterprise, Aetna, Bank of America, Nvidia, " Bank of America, DOJ, Google, BMO, SEC, EV Locations: Nevada, Asia

☆ Tesla dangles deals for new buyers who take delivery by end of year as it tries to hit goal
▼ + stars: | 2024-11-18 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

AdvertisementTesla is offering three months of free Supercharging and FSD to customers taking deliveries of a new vehicle in 2024. The incentives come as Tesla strives to meet its target of delivering a record number of cars this year. The "new inventory vehicles" Tesla references in the promotion refer to Teslas that are already built and ready to be delivered. So if you kit out a Tesla model that isn't built in time for you to take delivery this year, you're out of luck. The threat of rising EV prices could push some would-be EV buyers to pull the trigger on a new Tesla before Trump takes office.

Persons: Tesla, Elon Musk, Wells, Trump, Musk Organizations: Trump Locations: North America

☆ Trump’s pick for fracker-in-chief will have a tough time pumping a lot more oil
▼ + stars: | 2024-11-18 | by ( Auzinea Bacon | Chris Isidore | ) edition.cnn.com time to read: +4 min

Trump has said he wants to lower gas prices — which currently average $3.07 per gallon — to below $2 a gallon. But the American oil industry is already booming and increasing output doesn’t mean gas prices will drop. After oil prices shot up in 2022 in the wake of Russia’s invasion of Ukraine and the sanctions on Russian oil imposed by western countries, major oil companies reported record profits. But are we going to increase oil production by another 50%? OPEC+, a group of leading oil-producing countries, even delayed plans to increase production because of concerns about excess supply.

Persons: Donald Trump, ” Trump, Trump, Chris Wright, Wright, Andy Cross, Andy Lipow, ” Lipow, “ It’s, Biden, ”, Bob McNally, George W, Bush, CNN’s David Goldman, Matt Egan Organizations: CNN, Liberty Energy, Liberty, Denver Post, US Energy Information Administration, P, Insights, Eurasia Group, Texas Intermediate, OPEC, Lipow Oil Associates, Energy, Oil Locations: Denver, States, Saudi Arabia, Russia, Eurasia, Ukraine, China, OPEC

☆ Russia is locking up butter as inflation crisis reaches new heights
▼ + stars: | 2024-11-18 | by ( Analysis Tim Lister | ) edition.cnn.com time to read: +8 min

But price rises in Russia are eye-watering by comparison – and just one symptom of an economy that is overheating. “Prices are rising because of the war,” Alexandra Prokopenko at the Carnegie Russia Eurasia Center in Berlin told CNN. The military budget will rise by nearly a quarter in 2025, amounting to one-third of all state spending and 6.3 per cent of gross domestic product. Analysts don’t see the Russian economy as tumbling over a precipice but instead as a slowly gathering crisis. Russia has traditionally turned to central Asia for unskilled labor, and Putin recently suggested more foreign workers are needed.

Persons: ” Alexandra Prokopenko, Vladimir Putin, Putin, ”, Anton Vaganov, ” Prokopenko, Natalia Kolesnikova, Vladislav Inozemtsev, Prokopenko Organizations: CNN, Carnegie Russia Eurasia Center, “, Reuters, Russia’s Alfa Bank, Alfa, Monetary Fund, Russia’s State Statistics Service, Getty, Central, United Nations, UK Defense Ministry, Atlantic Council Locations: Russia, Ukraine, Berlin, Saint Petersburg, United States, Asia, Turkey, Russian, India, China, AFP, Moscow, Central Asia, East, South Korea, Dubai

☆ Stocks rebound — plus, we're raising our price target on a transforming AI play
▼ + stars: | 2024-11-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 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. 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. 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.

Persons: Jim Cramer, Richard Tobin, Tobin, cryogenics, we'll, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Dover, Club, Marshall Excelsior Company, SPS Cryogenics, Nvidia, Walmart, Viking Holdings, Jim Cramer's Charitable Locations: Dover

AdvertisementU.S. News and World Report released its annual list of the best places to retire in America. 1 on U.S. News and World Report's new list of the best places to retire. Prioritizing happiness means some more expensive places ranked higher on the list of best places to retire. AdvertisementTake Jim and Ellen Diamond, a retired couple in their 80s who were living in Hastings-on-Hudson, New York, a suburb of New York City. AdvertisementBelow are the 24 best places to retire in the US, according to U.S. News and World Report.

Persons: Daniel Mehalek, Mehalek, Dawn Bradbury, Jim, Ellen Diamond, Jim Diamond Organizations: News, Fortune, Sunshine State, . News, U.S . News, Business, Bureau Locations: America, South, Midwest, Chicago, Bonita Springs , Florida, Naples, Florida's, Illinois, Naples , Florida, —, Virginia, Raleigh , North Carolina, Huntsville , Alabama, U.S, Washington, DC, San Francisco, New York City, Hastings, Hudson , New York, Midtown Manhattan

☆ How different a commander in chief will Trump be?
▼ + stars: | 2024-11-17 | by ( Peter Bergen | ) edition.cnn.com time to read: +27 min

On the face of it, there are sizable differences in foreign policy between Trump and President Joe Biden. In October, the Biden administration again helped to intercept a barrage of around 200 Iranian ballistic missiles, which also caused minimal damage to targets in Israel. Bringing US troops homeIn 2020, the Trump administration signed a US withdrawal agreement from Afghanistan with the Taliban. But after McMaster was pushed out of office in 2018, the Trump administration negotiated with the Taliban the withdrawal agreement of all US forces from Afghanistan. Nonetheless, the incoming Trump administration seems intent on resurrecting Schedule F, an executive order issued in the last months of the first Trump term.

Persons: sneezes, Trump, Donald Trump’s, Joe Biden, —, Biden, Trump’s, shored, Donald Trump, Xi Jinping, Andrew Harnik, ”, Benjamin Netanyahu, Netanyahu, Ahmad Gharabli, Israel, Jared Kushner, Qasem Soleimani, Mike Huckabee, Israel — Huckabee, David Friedman, Reagan, JD Vance —, H.R, McMaster, Nikki Haley, Mike Pompeo, Haley, Pompeo, Elise Stefanik, Mike Waltz, Florida, George W, Bush, Pete Hegseth —, Lloyd Austin, Jim Mattis, Robert Gates, John Ratcliffe of, Tulsi Gabbard, Vladimir Putin, Basher al, Assad, Putin, Diego Fedele, Ukraine doesn’t, John Bolton, Mark Rutte, Tom Homan, Homan, ” Trump, CNN’s Priscilla Alvarez, “ It’s, Maura Healey, Stephen Miller, CBS’s, Camp David, It’s, Kim Jong Un Organizations: CNN, Trump, NATO, Ukraine, White, of, Biden, CIA, Liberation Army, Center for Strategic, International Studies, Obama, Getty, West Bank, Abraham Accords, Arkansas Gov, US Defense Intelligence Agency, ISIS, McMaster, UN, GOP, Republican, Special, House Armed Services Committee, Pentagon, Fox News, Senate, Republicans, US Civil, Policy, State Department, Department of Homeland Security, Policy Institute, Rep, House Intelligence, NATO Trump, US Congressional Research Service, Joint Assault Brigade, National Police, of Homeland, American Immigration Council, NBC News, US Bureau of Prisons, Massachusetts Gov, National Guard, Congress, Washington Post, H.R, North, America Locations: Paris, Russia, China, Beijing, South China, United Kingdom, Australia, Taiwan, Washington, United States, Gaza, Lebanon, Iran, Iranian, Syria, Israel, Yemen, Jerusalem, AFP, Iraq, Saudi Arabia, Afghanistan, Pakistan, John Ratcliffe of Texas, Hawaii, Ukraine, Dnipro, Soviet, Toretsk, Crimea, Japan, NATO, “ Russia, Baltic, Western Europe, ”, Korean, North Korean

But many Republicans and Gaetz allies have touted his aggressive style as an essential attribute for an attorney general. The president-elect filled some of those spots Thursday evening, appointing a series of his own personal lawyers to run key sections of the Justice Department. Trump also announced his selection of Emile Bove, another member of his criminal defense team, to be principal associate attorney general. Now, while some of his colleagues in Congress expressed skepticism of his pick as attorney general, they said they are prepared for a detailed confirmation process. As attorney general, Gaetz would be in control of the FBI investigative files that detail the evidence the bureau uncovered.

Persons: Donald Trump, Matt Gaetz, Trump, Gaetz, there’s, John Morgan, doubters, Morgan, ” Morgan, “, General Merrick Garland, Joe Biden, Todd Blanche, Emile Bove, ”, AnchorsGordon didn’t, Lawrence “ Larry ” Keefe, Keefe, Ron DeSantis, Feedback Sen, Klobuchar, —, Michael Cohen, Sen, Rick Scott, ” Gaetz, Hunter, Hank Johnson, Kevin McCarthy, Liz Cheney, Gaetz didn’t, South Carolina Sen, Lindsey Graham, Bill Barr, Joel Greenberg, CNN’s Kristen Holmes Organizations: CNN, Justice Department, Trump, Florida Republican, Prosecutors, Federal Bureau of Investigation, Alcohol, Tobacco, Firearms, Explosives, Drug Enforcement Administration, Democrats, Capitol, Senate, Panhandle Republican, Truman, Florida State University, & Mary Law School, AnchorsGordon, Florida Panhandle, Partners, Florida, Northern, Northern District of Florida, Vineyard, Tallahassee statehouse, Republican, Florida Bar, Florida Republicans, Washington Elected, White, Republican Party, House Republican, Union, House Intelligence, Democratic, Judiciary Committee, FBI, South, Garland’s Justice Department Locations: Congress, United States, Trump’s, Florida, Gaetz, Manhattan, Northern District, Texas, Tallahassee, Washington, Wyoming, South Carolina

☆ How Europe can avoid a trade war in a 2nd Trump term
▼ + stars: | 2024-11-17 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +6 min

They say the EU will need to employ some retaliatory measures but has to be careful not to escalate. AdvertisementEconomists and analysts said that in order to avoid a trade war, policymakers in Europe need to employ a specific playbook to mitigate the economic drag while keeping trade tensions in check. Kenningham says the EU will likely hit the US with targeted tariffs on certain industries, rather than an across-the-board action. Related storiesTrade deals to avoid tariffsKenningham said EU policymakers could also negotiate a deal to avoid US tariffs. Advertisement"There is a possibility that if the strategy toward Europe is very aggressive, Europeans may change attitudes toward the Transatlantic Alliance.

Persons: Goldman Sachs, Donald Trump, Trump, Joachim Nagel, Emmanuel Macron, Mario Draghi, Andrew Kenningham, Kenningham, Harley, Carlo Bastasin, Bastasin Organizations: Biden, Italian, Capital Economics, European Union, EU, Trade, European, Brookings, Trump, Transatlantic Alliance Locations: Europe, China, European, EU, Trump's, Ukraine, Germany

☆ Biden makes first presidential visit to the Amazon as incoming Trump administration poses a threat to climate fight
▼ + stars: | 2024-11-17 | by ( Kevin Liptak | ) edition.cnn.com time to read: +3 min

Standing on a dirt path with lush palms and other foliage behind him, Biden described the fight against climate change as a “defining” part of his presidency. And he pledged billions to help nations bolster resilience against climate change. President Joe Biden, in Marine One, takes part in an aerial tour of the Amazon during his visit to Manaus, Brazil, on November 17, 2024. Trump has already vowed to withdraw again from the Paris climate accord, which Biden entered back into when he took office four years ago. Trump and his team have pledged to ease restrictions on oil and gas exploration that Biden put in place.

Persons: Joe Biden, Donald Trump, Biden, Trump, “, ” Biden, ”, Saul Loeb Organizations: Rio de Janeiro CNN, Amazon, Marine, Rio Negro Locations: Rio de Janeiro, America, Manaus, Brazil, Marine, Paris, South America

☆ ‘Landman’: What you need to know about Taylor Sheridan’s new gritty Texas oil industry show
▼ + stars: | 2024-11-17 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —Taylor Sheridan’s hit western series “Yellowstone” may soon be coming to an end, but the producer’s latest offering “Landman” might just be the show to fill that void. “Landman” stars Billy Bob Thornton and chronicles the gritty tale of the dangerous oil business in the boomtowns of West Texas. It is based on the “Boomtown” podcast, which covered the Permian Basin’s historic oil boom. Ali Larter plays Angela Norris, Tommy’s wife and Demi Moore plays Hamm’s wife Cami. The series will follow Norris as he secures land in the boomtowns of West Texas, with the billion-dollar oil and gas industry serving as the backdrop for the series.

Persons: CNN — Taylor Sheridan’s, Billy Bob Thornton, Jon Hamm, Emerson Miller, Tommy Norris, Monty Miller, Ali Larter, Angela Norris, Tommy’s, Demi Moore, Hamm’s, Cami, Andy Garcia, Michael Peña, James Jordan, Michelle Randolph, Norris, Adrian Hernandez, Emilio Rivera, Jacob Lofland, Sheridan, Christian Wallace, fracking, Thornton Organizations: CNN, Paramount, Yellowstone, Texas, ”, Daily Locations: West Texas, Texas

☆ We left stable careers in tech and consulting to open a cocktail bar in New York City. It was professionally risky but worth it.
▼ + stars: | 2024-11-17 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

AdvertisementAvi Singh and Rishi Rajpal left their stable jobs to open a New York City cocktail bar in 2019. This as-told-to essay is based on a conversation with Avi Singh, 30, and Rishi Rajpal, 34, the co-owners of Sama Street, and David Muhs, 40, the head bartender at Sama Street. We wanted Sama Street to be based on our upbringing and experiences. AdvertisementWe opened Sama Street in 2019David: We learned so much during that process. But Sama Street is in Greenpoint, a very close-knit neighborhood, so our regulars showed up for us.

Persons: Avi Singh, Rishi Rajpal, David Muhs, Jake, Kristyn Cook, Avi, Rishi, Alex Staniloff, David, We've, It's Organizations: Emory, Excel Locations: New York City, Sama, New Delhi, India, Atlanta, New York, Greenpoint

☆ Morgan Stanley picks China stocks to ride out a worst-case scenario in U.S. tensions
▼ + stars: | 2024-11-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

For investment options, she referred to the firm's survey of China stocks the investment bank's analysts already cover. Morgan Stanley's basket of bear case stocks only includes overweight-rated names with a dividend yield above 4% this year. The companies must not be on Morgan Stanley's lists of stocks at a disadvantage from Republican policy and supply chain diversification. Morgan Stanley expects Tingyi's earnings per share to grow 12% this year and 11% in 2025. Sinotruk earnings can grow 18% this year and 17% next year, according to Morgan Stanley estimates.

Persons: Morgan Stanley, Laura Wang, Morgan Stanley's, Morgan Stanley's Wang, Morningstar, Claire Liang, Liang, Donald Trump, Trump Organizations: Kong, PepsiCo, Services, Cosco Shipping Energy Transportation, China, CNBC, Republican Party, U.S . Congress Locations: China, Hong Kong, Asia, Europe, Mexico

☆ Trump picks oil industry CEO Chris Wright as Energy Secretary
▼ + stars: | 2024-11-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy. Wright is the founder and CEO of Liberty Energy, an oilfield services firm based in Denver. He has stood out among oil and gas executives for his freewheeling style, and describes himself as a tech nerd. The secretary also oversees the aging U.S. nuclear weapons complex, nuclear energy waste disposal, and 17 national labs. If confirmed by the Senate, Wright will replace Jennifer Granholm, a supporter of electric vehicles, emerging energy sources like geothermal power and a backer of carbon-free wind, solar and nuclear energy.

Persons: Donald Trump, Chris Wright, Wright, we’re, ” Wright, Biden, Trump, Jennifer Granholm Organizations: Department of Energy, Liberty Energy, Strategic Petroleum Reserve, Office, Senate, Republicans, Democrats Locations: Denver, Soviet, U.S, —, United States

☆ Russia pumping gas via Ukraine but volumes to Austria cut
▼ + stars: | 2024-11-16 | by ( ) www.cnbc.com time to read: +2 min

Last week, Gazprom accused Ukraine of withholding gas supplies destined for Moldova and threatened to reduce those flows, although Ukraine denied the accusation. Russian gas giant Gazprom continued to pump steady volumes of gas to Europe via Ukraine on Saturday, but supplies to Austrian energy company OMV were halted hours after Vienna said Russia had given notice it would cut off flows. Gazprom said it would send 42.4 million cubic metres of gas to Europe via Ukraine on Saturday, the same volume as on Friday. Flows into Slovakia from Ukraine were stable but nominations for flows to Austria from Slovakia were around 16% below averages seen this month, data from transmission system operator Eustream showed. OMV usually accounts for around 40% of Russian gas flows via Ukraine, or some 17 mcm per day.

Persons: Moscow, OMV, Chancellor Olaf Scholz, Vladimir Putin, Donald Organizations: Gazprom Locations: Ukraine, Moldova, Europe, Austrian, Vienna, Russia, Germany, Soviet, Kyiv, Slovakia, Czech Republic, Austria

☆ Trump picks Liberty Energy CEO and Oklo board member Chris Wright as Energy secretary
▼ + stars: | 2024-11-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

President-elect Donald Trump on Saturday selected Liberty Energy CEO Chris Wright to serve as the next energy secretary of the United States. Wright serves on the board of Oklo , a nuclear power startup backed by OpenAI CEO Sam Altman that is developing micro reactors. Wright will also serve on Trump's Council of National Energy, the president-elect said Saturday. "There is no climate crisis and we're not in the midst of an energy transition either," Wright said in a video posted on his LinkedIn page last year. "There is no such thing as clean energy or dirty energy," Wright said.

Persons: Donald Trump, Chris Wright, Wright, Sam Altman, Trump's, Doug Burgum, we're, Trump, Chris Organizations: Republicans, Hyatt, Saturday, Liberty Energy, United States . Liberty Energy, Trump, U.S, Trump's, of National Energy, Interior Secretary, North Dakota Gov, American Energy Independence, Global Energy Markets, The, Energy Information Administration Locations: Washington , DC, United States, Denver, The U.S, Russia, Saudi Arabia

☆ Three Mile Island restart could mark a turning point for nuclear energy as Big Tech influence on power industry grows
▼ + stars: | 2024-11-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +12 min

The main control room of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. (Take a deeper look inside the Three Mile Island nuclear power plant here.) Part of a control panel at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. A cooling tower at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. The turbine deck of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.

Persons: Danielle DeVries, Trevor Orth, Chris Crane, Constellation, Bryan Hanson, Hanson, Holtec, Mike Goff, Thomas Mehaffie, Tom Mehaffie, Mehaffie, Mehaffie's, PJM, Mark Christie, Alistair Speirs, Speirs, Ryan Levine, Levine, CNBC Hanson Organizations: CNBC MIDDLETOWN, Constellation Energy, Nuclear Regulatory Commission, Constellation, NRC, CNBC, Crane Clean Energy, Microsoft, Google, U.S . Unit, Energy Solutions, Unit, of Nuclear Energy, Department of Energy, Pennsylvania, Construction, Federal Energy Regulatory Commission, CNBC Federal, Nuclear Regulatory, Citi, General Electric Locations: Middletown , Pennsylvania, Pa, United States, U.S, Baltimore, Exelon, Michigan, Pennsylvania, Harrisburg

☆ Here's a look inside the Three Mile Island nuclear power plant
▼ + stars: | 2024-11-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Operations at Three Mile Island are poised to restart in four years, the latest sign that the nuclear power industry is undergoing a major turnaround after a wave of plant closures. The Unit 1 reactor at Three Mile Island, which entered service in 1974, was permanently shut down in 2019 due to economic pressure as nuclear power struggled to compete against natural gas. But the tech sector's growing power needs are breathing new life into the industry. Constellation Energy plants to restart Unit 1 in 2028 through an agreement with Microsoft to help power the tech company's data centers. Here is a look at the plant's main control room, the turbine deck that houses the main power generator, and the facility's iconic cooling towers.

Persons: Chris Crane, Exelon, Bryan Hanson Organizations: Constellation Energy, Microsoft, Crane Clean Energy, Nuclear Regulatory Commission, The Department of Energy, Energy Solutions

☆ Jake Paul defeats Mike Tyson with ease in Netflix spectacle
▼ + stars: | 2024-11-16 | by ( Mark Puleo | ) www.nytimes.com time to read: +4 min

AdvertisementPaul spent much of the fight dancing around Tyson with his arms arrogantly low, taunting the legendary knockout artist to come close. Hardly anyone, conversely, will be calling for a rematch of the main event between Paul and Tyson. The YouTuber-turned-boxer Paul was far quicker in his combinations, far twitchier in his reflexes and far more fluid in his combinations, using his three-inch height advantage to keep Tyson out of range. But despite the exhibition-like rule changes, the fight was certainly spirited, with Paul sticking his tongue out to mock Tyson at one point. At the weigh-ins Thursday, Tyson delivered a stiff slap to Paul after Paul appeared to step on one of his feet.

Persons: Jake Paul, Mike Tyson, Tyson, hadn’t, Paul, Katie Taylor, Amanda Serrano, Taylor, Kevin McBride, Roy Jones Jr, “, Mike Perry, Nate Diaz, Anderson Silva, Tyron Woodley, Ben Askren, Buster Douglas, Evander Holyfield, Lennox Lewis, Danny Williams, McBride, Al Bello Organizations: T, Netflix, UFC Locations: Arlington , Texas

☆ Why your next new car could very well cost more than $50,000
▼ + stars: | 2024-11-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

Americans paid a whopping $47,612 on average for a new car in October, according to data from Edmunds. That means new car prices have risen much faster than most goods and services. But much of the reason Americans are paying nearly $50k for a car is that automakers decided to go all-in on expensive cars. The combination of higher interest rates and higher car prices, along with the biggest average loans ever taken out to buy them, lifted the average monthly car payment to $742 in October. And that would make every car built in America more expensive, because no vehicle is made with 100% American parts.

Persons: New York CNN — It’s, That’s, Buyers, ”, Ivan Drury, “, didn’t, Charlie Chesbrough, Drury, –, ” Drury, Donald Trump, Jeff Schuster, GlobalData, They’re Organizations: New, New York CNN, Cox Automotive, Nissan, Infiniti, General Motors, Ford, Jeep, Dodge, Chrysler, GM, Federal Reserve Locations: New York, Edmunds, American, United States, Stellantis, Mexico, America

☆ 3 reasons why Russia's economy can survive without crisis for up to 5 more years, think-tank economists say
▼ + stars: | 2024-11-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

Russia's wartime economy could be in it for the long-haul — or at least longer than expected. A team of economists is unconvinced that Russia will tumble into economic collapse any time soon, as suggested by some analysts. The paper counters notions that a Russian crisis will come as soon as next year, an argument made by economists such as Yuriy Gorodnichenko. Don't underestimate domestic demandAccording to the report, Russia's domestic market has been an underrated factor behind the country's perseverance. Sustainable war spendingSome have forecast an immediate recession if Russia's war in Ukraine ever ends, arguing that the Kremlin's massive war budget is responsible for the economy's continued survival.

Persons: Yuriy Gorodnichenko, shouldn't Organizations: Center, UC Berkley, CASE, Kremlin, Moscow Locations: Russia, Europe, Russian, Moscow, Ukraine

☆ Trump picks fracking company CEO Chris Wright as next Department of Energy secretary
▼ + stars: | 2024-11-16 | by ( Ella Nilsen | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump on Saturday named Chris Wright, the CEO of Denver-based fracking company Liberty Energy, as his pick to be the next secretary of the Department of Energy. Wright will also serve as a member on the newly formed Council of National Energy, which Trump said will consist of all agencies involved in the “permitting, production, generation, distribution, regulation, transportation” of energy. In addition to his company’s work on fracking oil and natural gas, Wright also sits on the board of a modular nuclear reactor company and has talked about the potential of nuclear energy. Developing nuclear energy has become a big focus of the Biden administration’s Energy Department. “Standing in the way of today’s energy system before we’ve built a new energy system, there’s just no upside in that,” Wright told CNBC.

Persons: Donald Trump, Chris Wright, Wright, Trump, Doug Burgum –, “ Chris, Chris, ” Trump, Harold Hamm, ” Wright, Joe Biden, “, we’ve, ” Organizations: CNN, Liberty Energy, Department of Energy, of National Energy, North Dakota Gov, Department of, Energy, Gas, American Energy Independence, Global Energy Markets, Biden administration’s Energy Department, National Nuclear Security Administration, Hart Energy, CNBC, International Energy Agency Locations: Denver, Oklahoma

☆ Trump picks oil industry CEO Chris Wright as Energy secretary
▼ + stars: | 2024-11-16 | by ( ) www.cnbc.com time to read: +2 min

Persons: Donald Trump, Chris Wright, Wright, we're, Biden, Trump, Jennifer Granholm Organizations: Republicans, Hyatt, Department of Energy, Liberty Energy, Strategic Petroleum Reserve, Office, Senate, Democrats Locations: Washington , DC, Denver, Soviet, U.S, United States

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