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☆ Core Scientific returns to Nasdaq as Wall Street shows renewed love for bitcoin mining
▼ + stars: | 2024-01-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

Just over a year after the crypto winter sent bitcoin miner Core Scientific spiraling into bankruptcy, the Texas-based company is back on the Nasdaq. Even in bankruptcy, Core invested in developing its infrastructure. The public markets have been going big in mining since bitcoin started rebounding. Bitcoin miners have pared back gains in the last few weeks as the price of bitcoin has fallen, and in April, a market-moving event dubbed the "halving" will cut the prize that miners receive in half. "We recommend achieving Bitcoin exposure via Bitcoin miners."

Persons: bitcoin, Adam Sullivan, Core, noteholders, Sullivan, Blockchain, CleanSpark, it's, Bernstein Organizations: Nasdaq, Trading, CNBC, Marathon, Research, Lightning Locations: Texas, U.S, — Texas, North Dakota, North Carolina Georgia, Kentucky, bitcoin

☆ Apple expected to outperform despite recent obstacles: Evercore's Amit Daryanani
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple expected to outperform despite recent obstacles: Evercore's Amit DaryananiAmit Daryanani, Evercore ISI senior managing director, joins 'The Exchange' to discuss Apple's outlook for 2024, iPhone demand in China, and more.

Persons: Evercore's Amit Daryanani Amit Daryanani Locations: China

☆ Earth's core may be coated in a layer of crystals created by water leaking from the surface: study
▼ + stars: | 2023-12-05 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

Water leaking into the Earth may be wrapping the core in crystals, a study has suggested. "For years, it has been believed that material exchange between Earth's core and mantle is small. We still don't know everything about our planet's insidesThe Earth's core is only about 1,800 miles under our feet, but it's more inaccessible than Mars. Dan Shim/ASUTo support their hypothesis, the scientists simulated the high-pressure conditions of the outer core in the lab. He added that his calculations show that he can explain the E-prime layer "reasonably well" with a range of water transportation scenarios.

Persons: Dan Shim, Shim, haven't, Jon Wade, Wade Organizations: Service, Arizona State University, Geosciences, ASU, Materials, Oxford University

☆ 'Renaissance: A Film by Beyonce' tops box office
▼ + stars: | 2023-12-04 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +2 min

REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsDec 4 (Reuters) - "Renaissance: A Film by Beyonce" premiered at the top of the U.S. box office, raking in $21.8 million during the typically anemic first weekend of December, according to research firm Comscore. Beyonce Knowles' concert film marked the first time a movie crossed the $20 million mark on this weekend since the 2003 movie "The Last Samurai" starring Tom Cruise, Comscore said. Live Nation reported that the superstar’s 56-stop Renaissance World Tour earned more than $579 million worldwide - a hot ticket that economists say may have fanned inflation in Europe. In addition to the concert scenes, the film gave a rare glimpse at how Beyonce grapples with stardom and motherhood. Although "Renaissance's" box office fell short of Swift's $96 million opening weekend, Comscore's Dergarabedian said the result will likely be the same.

Persons: Beyonce, Mario Anzuoni, Beyonce Knowles, Tom Cruise, Comscore, Paul Dergarabedian, Taylor, Comscore's Dergarabedian, Dawn Chmielewski, Kat Stafford, Matthew Lewis Organizations: REUTERS, Labor, Thomson Locations: Los Angeles , California, U.S, New York

MP Materials (MP.N), Lynas Rare Earths (LYC.AX) and other Western rare earths companies have struggled at times to deploy it due to technical complexities and pollution concerns. "The existing rare earths refining process is a nightmare," said Isabel Barton, a mining and geological engineering professor at the University of Arizona. Fannon and several U.S. politicians have called for Western governments to create central rare earths processing hubs, a plan already being pursued by Canada. In Saskatchewan, government scientists are working to launch their own rare earths processing technology after attempts to buy Chinese technology sputtered in 2020. "These new sources for rare earths are going to be paramount if we're going to reach global net zero targets," said Steve Schoffstall of the Sprott Energy Transition Materials ETF (SETM.O), which holds shares in several rare earths companies.

Persons: Isabel Barton, Michael Schrider, Ucore, Luisa Moreno, REETec, Robert Fox, Frank Fannon, Mike Crabtree, Crabtree, Steve Schoffstall, Ernest Scheyder, Veronica Brown, Claudia Parsons Organizations: International Energy Agency, University of Arizona, U.S . Air Force, Pentagon, Defense Metals, U.S . Department of Energy's, U.S . Department of Energy's Idaho National Laboratory, Saskatchewan Research Council, SRC, Ucore, Reuters, Thomson Locations: ALEXANDRIA, Louisiana, China, United States, U.S, American, Alaska, of New Orleans, British Columbia, South Africa, Florida, Norway, Massachusetts, U.S . Department of Energy's Idaho, Wyoming, Canada, Saskatchewan

☆ The return of dad fashion matches how Americans feel about the economy
▼ + stars: | 2023-11-30 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Dad fashion is trending again. AdvertisementSo why did those evolve into dad fashion? All of that might explain why dad fashion is once again dominant. Dad fashion seems to show up when consumers are feeling wary — not the worst they've felt, but certainly not the best. These so-called "core cultures" arose on platforms like Tumblr, Reddit, Instagram, and TikTok, in which young fashion consumers are eager to chop up fashion trends into subcultures and become devotees.

Persons: It's, —, You've, Kramer, Bean, Thomaï, Seinfeld, Serdari, that's, Long, you'd Organizations: Service, GQ, New York University, New York Times, Siena College, Biden Locations: TikTok

"A lot of times, people try to hide in the herd, and we try to fit in, and I think that's the worst advice." Anne Mahlum started the boutique fitness chain Solidcore in 2013. Building empathy, maintaining disciplineMahlum's hard-charging approach may have helped her build a fitness empire, which now has more than 100 locations across the U.S. "When we had to do some of those layoffs [I didn't realize] I was taking away [former employees'] social life, their workout life, their friendships, not just their job," Mahlum says. A lifelong athlete, Mahlum says she decided to start Solidcore after being humbled by a L.A.-based Pilates class.

Persons: Anne Mahlum, —, Mahlum, It's, Adams Morgan, who'd Organizations: CNBC Locations: U.S, Washington

The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsROME, Nov 23 (Reuters) - Glencore (GLEN.L) has decided to build a pilot project for an electric vehicle (EV) battery recycling plant outside of Italy, but still has its eye on the island of Sardinia for a larger facility, the Swiss mining group said on Thursday. "This development does not immediately impact the feasibility assessment of the larger hub project," Glencore said in an emailed statement. This initiative is important for our recycling strategy and aligns with Italy's objectives for sustainable industry development," the group added. The Swiss group did not specify where it would build the pilot plant.

Persons: Arnd, Glencore, Li, Francesca Landini, Jan Harvey, Keith Weir Organizations: REUTERS, Rights, Union, Hub, Reuters, UIL, Thomson Locations: Baar, Switzerland, Italy, Sardinia, Swiss, Portovesme, Europe, North America, Sardinian, CISL

☆ U.S. recession where interest rates rise is unlikely, says Evercore's Krishna Guha
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. recession where interest rates rise is unlikely, says Evercore's Krishna GuhaMaya MacGuineas, Committee for a Responsible Federal Budget president, and Krishna Guha, Evercore ISI head of global policy, join 'The Exchange' to discuss the looming government shutdown deadline, increasing U.S. debt, and more.

Persons: Evercore's Krishna Guha Maya MacGuineas, Krishna Guha, Evercore Organizations: U.S, Federal

Asia's imports of seaborne thermal coal climbed to 75.77 million metric tons in October from 70.29 million in September, according to data compiled by commodity analysts Kpler. The October volume was also above the 69.63 million metric tons imported in the same month last year. While physical demand for seaborne thermal coal is solid in Asia, the same can't be said for prices. China mainly buys thermal coal from the two biggest exporters, Indonesia and Australia. Overall, the combination of weaker Chinese domestic prices and waning European demand may prove sufficient to keep pressure on seaborne thermal coal prices in Asia, even if volumes remain solid.

Persons: Loren Elliott, Shri Navaratnam Organizations: Rights, Argus, Newcastle, Reuters, Thomson Locations: Owen, Ravensworth, Australia, Rights LAUNCESTON, Asia, China, India, Japan, South Korea, Indonesia, Beijing, Canberra, Europe, Ukraine, Turkey, South Africa, U.S

☆ There is not another rate hike left in the cycle, says Evercore's Julian Emanuel
▼ + stars: | 2023-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is not another rate hike left in the cycle, says Evercore's Julian EmanuelJulian Emanuel, Evercore senior managing director, and Marc Giannoni, chief U.S. economist at Barclays, join 'Squawk on the Street' to discuss how investors should play the stock market, their take on the Federal Reserve and the recent acceleration of economic data.

Persons: Evercore's Julian Emanuel Julian Emanuel, Evercore, Marc Giannoni Organizations: Barclays, Federal Reserve

☆ McDonald's competitive position is extremely strong right now, says Evercore's David Palmer
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's competitive position is extremely strong right now, says Evercore's David PalmerDavid Palmer, restaurant and packaged food analyst at Evercore ISI, joins 'Squawk on the Street' to discuss McDonald's quarterly earnings results, what needs to happen for the company to meet its guidance, and the impact of GLP-1 drugs on the fast food giants' bottom line.

Persons: Evercore's David Palmer David Palmer Organizations: Evercore ISI

☆ Evercore's Roger Altman: What's going on now is 'a reversion to normalcy' from last 15 years
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvercore's Roger Altman: What's going on now is 'a reversion to normalcy' from last 15 yearsRoger Altman, Evercore founder and senior chairman, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, rate path outlook, and more.

Persons: Roger Altman, What's Organizations: Evercore

☆ Scientists identify molten layer deep within interior of Mars
▼ + stars: | 2023-10-25 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

"The importance of the far side impact was to produce seismic waves that traversed the deep interior of the planet, including the core. Previously, we had not observed any seismic waves that had transited the core. Unlike Mars, Earth has no molten layer around its core. One of the two studies published on Wednesday indicates this layer is fully molten, with the other indicating that most of it is fully molten, with the top portion partially molten. "We have learned a lot about Mars by studying the unique seismic record provided by the InSight mission," Samuel said.

Persons: Amir Khan, Henri Samuel, Khan, Samuel, Will Dunham, Daniel Wallis Organizations: NASA, JPL, Caltech, Handout, REUTERS, Rights, Tempe Terra, ETH, CNRS, Institut, Physique, Globe, Thomson Locations: Mars, Tempe, ETH Zürich, Switzerland, Paris

☆ Meta is the ‘cheapest high-quality tech stock’ despite monster rally, says Evercore's Mark Mahaney. Why he thinks it can move even higher
▼ + stars: | 2023-10-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Evercore ISI's Mark Mahaney sees the potential for more upside ahead for Meta , despite the stock's monster rally so far this year. It's a big week for mega tech earnings and the social media giant is expected to report on Wednesday. META YTD mountain Meta's year-to-date performance Meta has been able to recover its advertising momentum, said Mahaney, Evercore's head of internet research, in an interview with " Squawk Box " Friday. The company will give next year's forecast on capital expenditures and total expenses during its earnings report — one of the few who does so, Mahaney said. "If that shows continued moderation in growth, the year of efficiency becomes the years of efficiency [and] this stock rerates higher because Meta is the cheapest high-quality tech stock out there at 16 times earnings," he said.

Persons: Evercore, Mark Mahaney, It's, Meta, Mahaney Organizations: Meta

☆ Pricing power seems to be more important for food stocks than GLP-1 drugs, says Evercore's Palmer
▼ + stars: | 2023-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPricing power seems to be more important for food stocks than GLP-1 drugs, says Evercore's PalmerDavid Palmer, restaurant and packaged food analyst at Evercore ISI, joins 'Squawk on the Street' to discuss whether clients are asking about the impact of GLP-1 drugs, which company stocks have been wrongfully hurt by the new drugs, and more.

Persons: Evercore's Palmer David Palmer Organizations: Evercore ISI

☆ Data centers are booming. Their need for power is causing utilities to retreat on green energy.
▼ + stars: | 2023-10-09 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +18 min

Katie Hobbs at Google's September announcement of a a new $600 million data center in Mesa, Arizona. The amount of electricity needed to power data centers in the U.S. is expected to more than double by 2030, according to McKinsey. "With data centers, you're going to do all of the above to have capacity to meet those loads." Utilities struggle to meet data center loads while cutting carbonThe utility-level impact of the data center industry's energy demand reaches beyond Phoenix. In preliminary documents, it has identified data centers as "the major source of load growth during 2023-2038."

Persons: Karla Moran, Moran, Katie Hobbs, you've, Terry Boston, James Glynn, Glynn, Caryn Potter, it's, OPPD, that's, David Corbin, Corbin, Valerie Plesch, Aaron Ruby, Devon Smiley, Smiley, Lee Kestler, Ruby, George Frey, Wendy Bridges, Bridges, Jill Hanks, Hanks, Potter, Meghin Delaney, Reno, Kestler, EdgeCore, Hunter Holman, Delaney, Holman Organizations: Microsoft, Google, Digital Realty, Arizona Gov, McKinsey, PJM, Columbia University's Center, Global Energy Policy, Southwest Energy Efficiency, Utilities, Omaha Public Power, Sierra Club's, The Washington, Getty, Dominion Energy, Dominion, Blackstone, KKR, APS, Phoenix, Goodyear, NV Energy, Reno, Bay Area, Silver State, Western Resource Locations: Phoenix, Salt, Mesa , Arizona, City, Mesa, U.S, Arizona, Phoenix . Omaha , Nebraska, New York, Sierra Club's Nebraska, Woodbridge , Virginia, Virginia, Nebraska, OPPD, Eagle Mountain , Utah, Brookfield, Seattle, Goodyear, Bay, Nevada, Reno, Las Vegas, North

☆ Graphcore, which wants to be an AI chip rival to Nvidia, has shut offices and needs more investor cash
▼ + stars: | 2023-10-06 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

It's boom times for pretty much every business in artificial intelligence or chips — but not for British firm Graphcore. Graphcore, founded out of Bristol in 2016, develops specialized hardware for AI and machine-learning applications. Graphcore stated in its filing that it was in discussions with investors but had yet to agree a deal. Insider reported in October that existing investor Sequoia had written down its stake in Graphcore. In his September interview, Toon said Graphcore was at an "expensive" incubation phase as customers test out its processors.

Persons: Nigel Toon, Graphcore, Toon Organizations: Nvidia, Sequoia, Microsoft Locations: Bristol, Norway, Japan, South Korea, Graphcore

☆ Recent pullback sets up good long opportunities for certain stocks like Meta, says Evercore's Mahaney
▼ + stars: | 2023-10-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecent pullback sets up good long opportunities for certain stocks like Meta, says Evercore's MahaneyMark Mahaney, Evercore ISI head of internet research, joins 'Squawk on the Street' to discuss what the current tech market has delivered to Mahaney, how Meta's subscription possibility blends with the company's profitability, and more.

Persons: Evercore's, Mark Mahaney

☆ Evercore ISI says buy this eyewear stock as it approaches a 'fundamental inflection year'
▼ + stars: | 2023-10-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Four key developments mean that Warby Parker is likely to increase its revenue growth and expand its margins in 2024, according to Evercore ISI. Analyst Mark Mahaney thinks 2024 will be a "fundamental inflection year" for the eyewear company's revenue growth reacceleration and margin expansion. "We view WRBY's valuation as highly attractive vs. comps, on a growth-adjusted basis," Mahaney said. Over the past three months, however, the stock has rallied more than 11%, while the S & P 500 dipped 3.7%. WRBY YTD mountain WRBY in 2023 — CNBC's Michael Bloom contributed to this report.

Persons: Warby Parker, Mark Mahaney, Mahaney, —, Michael Bloom Organizations: ISI

☆ Taylor Swift and Beyoncé prove yet again why they're some of the world's best businesswomen
▼ + stars: | 2023-10-02 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

Taylor Swift and Beyoncé are making concert films from their blockbuster Eras and Renaissance tours. In August, Swift announced that an Eras concert film will be released October 13. After much speculation, on Sunday night Beyoncé announced her own concert film: The Renaissance tour's film is set to debut December 1. "Taylor Swift ignited the spark. The Eras film will be released on over 4,000 screens in North America; the Renaissance film likely will have a similar rollout.

Persons: Taylor Swift, —, Queen Bey, Swift, Beyoncé, Paul Dergarabedian, Oprah Winfrey, Tyler Perry, Kim Kardashian, George Clooney, Dergarabedian, Puck's Matthew Belloni, Travis Kelce's, Shawn Robbins, Sam Wrench, — Belloni, they've, Michael Jackson's, Justin Bieber, Robbins, Taylor, It's Organizations: Service, Netflix, AMC, Box, Swifts, Office, Swift Locations: North America

☆ Glencore may look elsewhere for recycling hub after Italy rejects fast-track approval
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsMILAN, Oct 1 (Reuters) - Glencore Plc (GLEN.L) may look at alternative options for a recycling hub in Europe for electric car batteries after the Italian region of Sardinia rejected a fast-track approval process for its pilot project, the mining company said. The companies said they would set up the hub in Portovesme, in Sardinia, by re-purposing Glencore's existing production sites on the island. Sardinia's regional government said on Friday the pilot project for the recycling hub could not be granted a fast-track approval process. "Glencore may consider alternative options for a European battery materials processing hub if the unnecessary extension of the approval process results in a delayed timeline that makes the project economically unviable," it said.

Persons: Arnd, Glencore, Francesca Landini, Jane Merriman Organizations: REUTERS, Glencore, Cycle Holdings, Thomson Locations: Baar, Switzerland, Europe, Italian, Sardinia, Italy, Portovesme

☆ Evercore: Buy these 26 stocks positioned for outperformance as they unlock the power of AI
▼ + stars: | 2023-09-30 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

It may seem like an innocuous date, but according to Evercore managing director Julian Emanuel, on that day everything changed. But which AI companies are strong picks? According to a recent report by FactSet, the word "AI" was used in more earnings calls last quarter than ever before. "It also includes Consumer companies, with below economy wide average Generative AI exposure (around 28% vs. 32%) yet who are Adapting Generative AI to improve the client experience and build (repeat) loyalty through superior service." Along with each company is its ticker, sector, market capitalization, estimated AI exposure, and Evercore analyst rating where applicable.

Persons: Julian Emanuel, Nvidia's, FactSet, Evercore's Emanuel, Ed Hyman's, Emanuel, Evercore, Russell Organizations: Nvidia, Financial, Consumer

☆ The first tour inside Manhattan's newest private club, with $100,000 membership fees
▼ + stars: | 2023-09-25 | by ( Robert Frank | ) www.cnbc.com time to read: +9 min

A rendering of a bar area at the Core Club, a private membership club in Midtown Manhattan. A rendering of a terrace at the Core Club, a private membership club in Midtown Manhattan. A rendering of the Core Club, a private membership club in Midtown Manhattan. A rendering of the Core Club, a private membership club in Midtown Manhattan. A rendering of a dining area at the Core Club, a private membership club in Midtown Manhattan.

Persons: Casa Cipriani, Zero, Aman, Casa, Jeff Zalaznick, We've, restauranteur Nick Jones, Jennie Enterprise, Bond, Scott Sartiano, Kim Kardashian, Pete Davidson, Gigi Hadid, Zalaznick, Chef Michele Brogioni, Giorgio Armani, Mauro Pompili, Stephen Schwarzman, Roger Goodell, Tory Burch, Steven Roth, Estee, William Lauder Organizations: ZZ's Club, Core, ZZ's, Major Food Group, Aman, Industry, Soho House, CNBC, Club Club, Club New York, Dangene Institute, Manhattan, Enterprise, Blackstone, NFL Locations: Manhattan, Midtown, New York, Los Angeles, Miami, Vicente, Midtown Manhattan, Hudson, Aman, York, U.S, London, Soho, Milan, San Francisco

☆ Earth's mysterious core is weirder than you think, and we're only just beginning to uncover its secrets
▼ + stars: | 2023-09-22 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +8 min

Earth's core has baffled researchers for decades, and it still contains many secrets. AdvertisementAdvertisementA diagram shows the Earth's magnetic field deflecting waves of energy coming from the sun. The strength of Earth's magnetic field in 2020, as measured by the European Space Agency's SWARM satellites. The Earth's inner core may be spinning and might sometimes flip backwardThe core itself is not uniform. A graphic showing how iron crystals may be distributed and moved around the Earth's inner core.

Persons: Andrew Z, Colvin, Lutz Rastaetter, Christopher C, Finlay, al, Edward Garnero, Li, Lindsey Kenyon, Samantha Hansen, Insider's Morgan McFall, Johnsen, Chris Panella, John Vidale, UC Berkeley seismologist Daniel Frost, LiveScience Organizations: Service, NASA, Modeling, NASA Goddard Space, Wikimedia, German Research Center, Geosciences, European Space Agency, Arizona State University, Lindsey, University of Alabama, University of Southern, Washington Post, UC Berkeley Locations: South America, Antarctica, University of Southern California, Banda

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