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Fossil fuels still dominate the global energy mix at 81.5% in 2023, according to the Energy Institute. "It just goes to show how difficult it is to change the energy mix. It's because it takes time," said Lorenzo Simonelli, chairman and CEO of Baker Hughes, a global energy technology company. Takayuki Ueda, the representative director president and CEO of INPEX, a Japanese oil company, reiterated technology's role in the energy transition. Energy companies have been leaning on gas as a "reliable dispatch of power" to meet demand, said Maví Zingoni, CEO of Power at GE Vernova, an energy equipment manufacturing and services company.
Persons: Lorenzo Simonelli, Baker Hughes, Simonelli, Takayuki Ueda, Ueda, Maví Zingoni, Zingoni, Olivier Le Peuch, Le Peuch, CNBC's Dan Murphy Organizations: Energy Institute, CNBC, Energy, Power, GE Vernova, SLB Locations: Abu Dhabi
Some of his ventures already benefit tremendously from federal contracts. SpaceX has received more than $19 billion from contracts with the federal government, according to research from FedScout. Musk, who has frequently blamed the government for stifling innovation, could also push for less regulation of his businesses. Musk and Ramaswamy also championed the large-scale auditing of agencies, calling out the Pentagon for failing its seventh consecutive audit. To learn how else Elon Musk and his companies may benefit from having the ear of the president-elect watch the video.
Persons: Elon, Geoff Orazem, Vivek Ramaswamy, Trump, Ramaswamy, Elon Musk, Lora Kolodny Organizations: Company, SpaceX, Trump, Republican, Department of Government, Street, Congress, Pentagon, CNBC Locations: FedScout
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Microsoft President Brad Smith has urged Donald Trump to protect the US from Russian, Chinese, and Iranian cyber attacks. He said that Joe Biden's administration had made "tremendous progress" on the issue, but added that more steps were needed to dissuade and deter countries from "unleashing these cyber attacks." Smith's appeals come as the US faces an ongoing wave of cyber attacks that have targeted government agencies, election campaigns, and businesses. and in some cases even facilitated" such attacks, Smith told the FT. The review found that a Microsoft security breach by a Chinese-affiliated hacking group in 2023 was "preventable and should never have occurred."
Persons: Donald Trump, Cybersecurity, Smith, Brad Smith, Trump, Joe Biden's, Christopher Wray, cyberattacks, Satya Nadella Organizations: Microsoft, Financial Times, Cyber Safety Locations: Russia, China, Iran
Kendrick Lamar, the rapper laureate and one of the music world’s least predictable stars, released a surprise new album, “GNX,” on Friday. It is the sixth studio album by Lamar, 37, who won the Pulitzer Prize for Music in 2018 and, even before releasing the album, has been having a banner year. On the cover, Lamar slouches against the rear of the vehicle, and the video — with swelling strings and Lamar’s multi-tracked, rapid-fire vocals — shows Lamar with the car in an empty, monumental space. 6,” the latest in a series of tracks with similar titles, which has become a Lamar signature. It is also an implicit rejoinder against Drake, who had released a diss track in May called “The Heart Part 6.”
Persons: Kendrick Lamar, , Lamar, Drake, , , Lamar slouches Organizations: Music Locations: Lamar
Why some U.S. companies are scaling back DEI programs
  + stars: | 2024-11-22 | by ( Delon Thornton | ) www.cnbc.com   time to read: +1 min
Donald Trump's election has left some concerned that his policies could harm diversity, equity and inclusion initiatives, especially given some of his outspoken Cabinet picks and his interest in potentially dismantling the Department of Education. Though some companies are pulling back, many still view DEI as essential. DEI became a top priority for U.S. companies after the 2020 protests following George Floyd's murder. But in the past couple of years, some of these same companies like Google, Meta , Lowe's and Ford have scaled back their DEI initiatives, citing political pressure, high costs and economic uncertainty. Watch the video above to find out more about why some companies are pulling back from DEI initiatives.
Persons: Donald Trump's, Mary, Frances Winters, George Floyd's Organizations: of Education, The, Companies, Harvard Kennedy School, Fortune, McKinsey Institute, Google, Ford
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CNN —Russia’s use of a nuclear-capable ballistic missile on Thursday is the latest escalation in the Ukraine war. The use of what Vladimir Putin said was a ballistic missile with multiple warheads in offensive combat is a clear departure from decades of the Cold War doctrine of deterrence. Ballistic missiles with multiple warheads, known as “multiple independently targeted reentry vehicles,” or MIRVs, have never been used to strike an enemy, experts say. Aftermath of Russian missile strike in Dnipro, Ukraine, on November 21, 2024. Pakistan reportedly tested a missile with multiple warheads in 2017, and earlier this year India said it had successfully tested a MIRVed ICBM.
Persons: Vladimir Putin, MIRV, ” Hans Kristensen, Kristensen, Matt Korda, , Manish Swarup, Korda, ” Kristensen Organizations: CNN, West, Federation of American, Russian, Ballistic, Federation of American Scientists, Union of Concerned Scientists, Center for Arms Control, AP Locations: Ukraine, Dnipro, That’s, US, Ukrainian, Russia, United States, Europe, China, United Kingdom, France, Pakistan, India, New Delhi, North Korea
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Zoom Video Communications (ZM) , a Covid darling and post-Covid dog, is judged to be an excellent opportunity on the long side going into earnings next week. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: Carter Braxton Worth Organizations: Video Communications, CNBC, NBC UNIVERSAL
Final Trades: Deckers, Electronic Arts, Citigroup and the INDA
  + stars: | 2024-11-22 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Deckers, Electronic Arts, Citigroup and the INDAThe Investment Committee give you their top stocks to watch for the second half.
Organizations: Electronic Arts, Citigroup, Investment
AdvertisementHealthcare startup Forward just closed its doors last week, but its executives are already onto their next venture. Related VideoLesser told former Forward employees that Aoun will serve as a cofounder, board member and advisor to the new startup, per the messages. It's unclear what the startup will focus on as a business or if any of Forward's previous investors will be involved in the new venture. AdvertisementIt's an ultra-quick turnaround from Forward's leaders after the startup announced on November 13 that it would immediately shutter its more than a dozen locations and lay off its nearly 200 employees. AdvertisementOn a Friday episode of The Information's More or Less podcast, Aoun said he's already hearing interest from Forward's investors to back his next venture.
Persons: Adrian Aoun, Jonathan Lesser, Bali Raghavan, Lesser, Salesforce's Marc Benioff, Raghavan didn't, , Aoun, he's, I've Organizations: Healthcare, Bali, Business, Forward, Khosla Ventures, Softbank Locations: Silicon Valley
AdvertisementThe wholesale chain BJ's said it would raise its membership fees in 2025. Its rival Costco raised its membership fees in September. Another wholesale retailer is planning to raise its membership fees. Related VideoIt said the new cost of a Club membership would be $60 annually, up by $5 from the current price, and a Club+ membership would cost $120, up by $10. The chain's rival Costco raised membership fees in September.
Persons: It'll, BJ's Wholesale, Robert Eddy Organizations: Costco, BJ's, Gold Star, Sam's
Rents likely to come down in 2025, says Redfin CEO Glenn Kelman
  + stars: | 2024-11-22 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRents likely to come down in 2025, says Redfin CEO Glenn KelmanGlenn Kelman, Redfin CEO, joins 'Money Movers' to discuss home sales and the state of the housing market.
Persons: Glenn Kelman Glenn Kelman, Redfin
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Call of the Day: Salesforce
  + stars: | 2024-11-22 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCall of the Day: SalesforceThe Investment Committee discuss the software sector, as Deutsche Bank raises their price target for Salesforce.
Organizations: Investment, Deutsche Bank
Cramer's Stop Trading: Kyndryl Holdings
  + stars: | 2024-11-22 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer's Stop Trading: Kyndryl HoldingsCNBC’s Jim Cramer explains why he is keeping an eye on shares of KD.
Persons: Jim Cramer Organizations: Kyndryl, KD
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Video: Bolton slams Gorka as new Trump counterterrorism pick
  + stars: | 2024-11-22 | by ( ) edition.cnn.com   time to read: 1 min
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Advertisement"Outlander," "Based on a True Story," and "The Sex Lives of College Girls" return this week. Movies including "Blitz," "The Piano Lesson," and "Alien: Romulus" are streaming. Related VideoThe beloved historical drama "Outlander" is back with the second half of its seventh season, over a year after the last episodes aired. The Peacock drama "Based on a True Story" returns for its second season, and the HBO Max comedy "The Sex Lives of College Girls" premieres its third season. Here's a complete rundown of all the best movies, shows, and documentaries to stream this weekend, broken down by what kind of entertainment you're looking for.
Persons: Romulus, HBO Max Organizations: College Girls, HBO
It was Combs’ third attempt before a federal judge to seek bail after two other judges found there were no conditions that alleviated concerns Combs was engaging in alleged witness tampering and posed a danger to women. Slavik claimed Combs violated the judge’s order limiting public statements and said Combs admitted it in one message. Earlier this year, CNN acquired and published surveillance footage depicting several different angles of the assault, which were edited together to help more clearly illustrate the incident. Slavik said prosecutors provided Combs’ team with cell phone video of the same assault that is captured on the hotel surveillance video. That was not edited.”Slavik said the government does not have the original surveillance video.
Persons: Sean “ Diddy ” Combs, Arun Subramanian, Combs, Christine Slavik, ” Slavik, Slavik, hasn’t, ” Combs, Marc Agnifilo, Cassie Ventura, Shapiro, ” Shapiro, , Organizations: NY CNN —, Intercontinental, CNN Locations: York, NY, Slavik, Miami, Manhattan, Los Angeles
He books hotels based on which have the best gym, including machines like a leg press. AdvertisementNanjiani's ideal gym has a leg press and shoulder press machineNanjiani said the two pieces of fitness equipment he's most excited to see in a hotel gym are a leg press and a shoulder press machine. Advertisement"I love a leg press machine. It doesn't have a leg press machine, so I'm doing squats," he said. But his go-to for upper body exercise is the shoulder press machine because it helps ensure safety and good form even at higher intensities.
Persons: Kumail Nanjiani, Nanjiani, I'm, Emily, I've Organizations: Quest Nutrition
AdvertisementI shopped at West Elm and Crate & Barrel to see which store had better holiday decor. Crate & Barrel offered chic, modern decorations, but West Elm had classic, cozy options. As an interior designer, I liked both stores, but West Elm ultimately felt warmer and more festive. As an interior designer, I use my eye and skills when decorating for the holidays. So, while shopping in NYC, I visited West Elm and Crate & Barrel — two stores known for their stylish home decor with a modern twist.
Persons: Elm, West Organizations: US
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