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The energy required by AI is "just insatiable," chipmaker CEO Rene Haas told The Wall Street Journal. At this rate, AI could consume as much as 20% to 25% of US power requirements, Haas said. AI tech needs to be sustainable, or it'll slow down innovation, Haas said. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Arm CEO Rene Haas told The Wall Street Journal that AI can't keep devouring so much energy at huge data centers if the industry wants to keep advancing.
Persons: Rene Haas, Haas Organizations: Wall Street, Service, Business
New data from the largest 3-D map of our universe suggests we may be wrong about dark energy. One of the driving forces behind that evolution is also one of our age's biggest mysteries in physics: dark energy. Einstein abandoned the idea as his "greatest blunder" in the 1930s, as astrophysicist Ethan Siegal explains, but a constant dark energy would have vindicated him. "If true, it would be the first real clue we have gotten about the nature of dark energy in 25 years," Adam Riess, a Nobel laureate for his co-discovery of dark energy, told Quanta Magazine. "The idea that dark energy is varying is very natural," Paul Steinhardt, a Princeton University cosmologist, told the magazine.
Persons: , we're, Michael Levi, Levi, DESI, Marenfeld, Claire Lamman, Albert Einstein's, Einstein, Ethan Siegal, Albert Einstein, Ernst Haas, Adam Riess, Paul Steinhardt, Princeton University cosmologist, Riess, Vera C, Travis Lange, Jacqueline Ramseyer Orrell, NASA's Nancy Grace, Arnaud de Mattia, Mattia Organizations: Service, Lawrence Berkeley National Laboratory, American Physical Society, Princeton University, NASA, Rubin, Accelerator, Atomic Energy Commission Locations: Arizona, Princeton , New Jersey
AUSTIN, Texas (AP) — Five races into NASCAR's 2024 season and Ford is in a funk. A Ford win in Austin would seem like a long shot in NASCAR's fourth run on a track built for Formula One. Photos You Should See View All 60 ImagesAnd while it’s still early, Ford drivers make up just three of the 16 available Cup playoff spots. Ford drivers point to some solid statistics, even if the major results are lacking. NASCAR vs F1The Circuit of the Americas is the only track used by NASCAR and F1, but the two racing series have vastly different styles.
Persons: Ryan Blaney, , Tyler Reddick, Shane van Gisbergen, Chase Elliott, it’s, Blaney, haven’t, , Chris Buescher, We’ve, we’ve, ” Buescher, Chase Briscoe, Stewart, Haas, we've, ” Briscoe, Briscoe, Ford, van Gisbergen, It’s, Reddick, COTA, there's, I've, ” Reddick, they’ve, FanDuel Organizations: Ford, NASCAR, Circuit, Formula One, Toyota, RFK Racing, Haas Racing, Fords, Blaney's, COTA Locations: AUSTIN, Texas, Atlanta, Austin, Victory, Americas
Corporate executives at major companies have sold stock in their own companies in March as the stock market hits new record highs. Zuckerberg's moves appear to be part of a 10b5-1 stock sale plan adopted last summer. An even larger stock sale came from Michael Dell, the CEO and namesake of Dell Technologies . The tech founder has filed a Form 144 to sell 7 million shares, so more transactions could be coming, according to VerityData. Dell shares have soared more than 50% this year on optimism the AI boom will lead to a replenishment of servers and PCs.
Persons: Mark Zuckerberg, Michael Dell, Alesia Haas, Zuckerberg, Haas, Troendle, William Hickey III, James Walter, TechnipFMC, Douglas Pferdehirt, William Meaney Organizations: Facebook, Dell Technologies, Dell, Medpace Holdings Locations: , 10b5
“It’s 88 missed podiums!” he joked when asked by a reporter about his record in 188 career races, though this was only Verstappen’s 187th. On Friday, Red Bull suspended the female employee who accused F1 team principal Christian Horner of inappropriate behavior, according to multiple reports. Red Bull launched an independent investigation in February after Horner was accused of engaging in inappropriate behavior towards a member of the racing team, who has not been identified. CNN has been unable to corroborate their authenticity and Red Bull said it would be “inappropriate” to comment on the matter. Christian Horner and Red Bull have faced controversy to start the season.
Persons: Max Verstappen, he’s, , I’m, Sergio Pérez, Ferrari’s Charles Leclerc, Verstappen, Red Bull, Christian Horner, Horner, Clive Rose, Oliver Bearman, Carlos Sainz, Fernando, Alonso, George, Russell, Oscar Piastri, Fernando Alonso, Aston Martin, George Russell, Piastri’s, Lando Norris, Lewis Hamilton, Haas, Niko Hulkenberg Organizations: CNN, Saudi, Verstappen, Pérez, Prix, Ferrari, Mercedes Locations: Jeddah, P6
Investors can still find names with plenty of upside potential, even as stocks leap to fresh highs, according to Bank of America. They include CrowdStrike, Emerson Electric, Progressive, Rollins and O'Reilly Automotive. Rollins "This stock is the bees knees and still a Buy," analyst Jason Haas said of the pest control provider. Progressive PGR may arguably be the least volatile stocks in the S & P 500 that can deliver outsized stock performance. … We see limited risk to Rollins' growth trajectory-from a soft housing market, recession, competition, or weather-and therefore believe the stock deserves a premium multiple."
Persons: Rollins, Andrew Obin, Emerson, Obin, it's, Jason Haas, Haas, Joshua Shanker, Shanker, O'Reilly, … Emerson, Organizations: Bank of America, CNBC, CrowdStrike, Emerson Electric, Progressive, O'Reilly Automotive, Emerson, National Instruments, ORLY Locations: Bank, Pest, downturns, ORLY
CNN —Spanish tennis player Rafael Nadal has withdrawn from the BNP Paribas Open in Indian Wells, California, the night before he was scheduled to face Canadian Milos Raonic in the first round, he announced on social media Wednesday. In an announcement on X, the 22-time Grand Slam winner said he’s dropping out of the tennis tournament because he doesn’t feel prepared enough to compete at “the highest level.” The three-time Indian Wells champion holds a 59-11 record at Indian Wells, according to ATP Tour. “It is with great sadness that I have to withdraw from this amazing tournament at Indian Wells,” Nadal wrote. The BNP Paribas Open runs through March 17 at the Indian Wells Tennis Garden. Nadal said in May 2023 that 2024 would likely be his last year on tour, though he didn’t rule out continuing past that date.
Persons: Rafael Nadal, Milos Raonic, he’s, ” Nadal, That’s, Sumit Nagal, Nadal, Carlos Alcaraz, Alcaraz, , Tommy Haas, , ” Haas Organizations: CNN, BNP, Indian Wells, ATP Tour, Raonic, Indian Wells Tennis Garden, Brisbane International, Netflix Locations: Spanish, Indian Wells , California, Indian, Indian Wells, Las Vegas
There's nothing like a moribund IPO market to create a pleasant backdrop for a bull run. Hot on the heels of the Reddit deal is the expiration of the IPO lockup period for Arm Holdings on March 12. I thought it might occur after the successful Arm deal, but like so many nascent attempts to revive the IPO market there was nothing worth following up with until the Reddit deal. This brings me back to the IPO market. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: We've, It's, Reddit, Sam Altman, Conde Nast, Rene Haas, Steve Huffman, Reddit's, , isn't, Morgan Stanley, Goldman Sachs, Uber, Jim Cramer's, Jim Cramer, Jim, Mateusz Slodkowski Organizations: Advance Magazine Publishers, Arm Holdings, Company, Nvidia, Employees, GameStop, Supply, Amazon, Walmart, Securities and Exchange Commission, Investors, Fidelity, ICE, Costco, Rite Aid, Tech, Microsoft, Meta, Federal Trade Commission, White House, Jim Cramer's Charitable, CNBC, Getty Locations: British, TheStreet.com, Reddit, POLAND
The 2024 campaign will be the longest F1 season in history, featuring 24 race weekends. How to watch the season opener in BahrainThe 2024 season starts with the Bahrain Grand Prix after three days of testing in the Middle Eastern nation last week. Red Bull’s 2023 F1 season was the most dominant of all time. He was eventually cleared of any wrongdoing by the investigation, the team’s parent company, Red Bull GMBH, announced on Wednesday. Albon has bounced back from a disappointing spell at Red Bull in 2020 and is now a highly-sought after driver.
Persons: Max Verstappen, Lewis Hamilton’s, Hamilton, “ It’s, ” Hamilton, Mercedes, Will Buxton, Carlos Sainz, , Hamad I Mohammed, Bull, Red Bull, Mercedes ’, George Russell, Verstappen, Max, hasn’t, he’s, Lawrence Barretto, ” Verstappen, Clive Rose, we’ve, Christian Horner, Horner, “ I’m, ” Horner, Ferrari, Russell, Charles Leclerc, Alex Albon, Williams, Lando Norris, Oscar Piastri, Fernando Alonso, Aston Martin, Kimi Antonelli, Sainz, Carla Carniel, Sergio Pérez, Daniel Ricciardo –, Red Bull’s, , Aston, Haas, Albon, James Vowles, Mark Thompson, McLaren, Piastri, Norris, Dan Istitene, Alonso, Lance, Lawrence, Patrick Mahomes, Travis Kelce –, Pierre Gasly, Esteban Ocon Organizations: CNN, Bahrain, Circuit, Red Bull Racing, Prix, ESPN, Qualifying, Saudi, Mercedes, Ferrari, PETRONAS F1 Team, Scuderia Ferrari, Arrows, Reuters, Constructors, CNN Sport, Red Bull GMBH, Sky Sports, , McLaren, Silver Arrows, Bulls, Sauber, Team, Red Bull, Getty, Aston Martin’s, Kansas City Chiefs Locations: Bahrain, British, Jeddah, Saudi Arabia, Abu Dhabi, Red, Aston Martin, Thai,
Cramer's Lighting Round: Vertiv is a buy
  + stars: | 2024-02-22 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon GlobalFoundries' year-to-date stock performance. Stock Chart Icon Stock chart icon Danaher's year-to-date stock performance. Stock Chart Icon Stock chart icon Workday's year-to-date stock performance. Stock Chart Icon Stock chart icon Vertiv's year-to-date stock performance. Stock Chart Icon Stock chart icon Arm's year-to-date stock performance.
Persons: GlobalFoundries, You've, They've, Rene Haas, Jim Cramer's Organizations: Cal, Maine Foods, Maine Locations: Taiwan
Last Chance LakeLast Chance Lake is no more than 1 foot deep. Haas displays a piece of dry-season lake crust taken from Last Chance Lake in September 2022. Last Chance Lake isn’t 4 billion years old — in fact, it’s estimated to have been around less than 10,000 years. Past studies suggest a primordial version of the soda lake may very well have included the substance. “Understanding how life originated on Earth has this importance for our search for life outside of Earth,” Haas told CNN.
Persons: , David Catling, , ” Catling, It’s, Sebastian Haas, Haas, David C, isn’t, , ” Haas, Catling, Charles Darwin, Matthew Pasek, Pasek, they’re, Woodward Fischer, Ayurella, Muller Organizations: CNN, British Columbia, University of Washington, geosciences, University of South, California Institute of Technology, , Climate Central Locations: Canadian, British, British Columbia, Chance, Yellowstone, University of South Florida, Axios,
Watch CNBC's full interview with Coinbase CFO Alesia Haas
  + stars: | 2024-02-15 | 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 EmailWatch CNBC's full interview with Coinbase CFO Alesia HaasAlesia Haas, Coinbase CFO, joins 'Closing Bell Overtime' to talk earnings, the state of crypto, the new sport bitcoin ETFs and more.
Persons: Alesia Haas Alesia Haas, Coinbase
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase CFO: Crypto prices climbing 'across the board', driven by momentum around bitcoin ETFsAlesia Haas, Coinbase CFO, joins 'Closing Bell Overtime' to talk earnings, the state of crypto, the new sport bitcoin ETFs and more.
Persons: Alesia Haas, Coinbase
Michel was in a four-man sled piloted by Michael Vogt when it crashed Tuesday during training for this weekend's World Cup races in Altenberg. This weekend's Altenberg races are the last World Cup events prior to the world championships; there is one last World Cup weekend coming in mid-March to Lake Placid, New York. The Swiss team said Vogt “suffered a severe concussion and bruises” and push athletes Dominik Hufschmid and Andreas Haas also had slight injuries. The pair won a World Cup race in December and are third in the season-long standings. Vogt’s four-man bob crew is fourth in that discipline’s World Cup standings.
Persons: Sandro Michel, Michel, Michael Vogt, ” Michel, Training, Greg Cackett, , Vogt “, Dominik Hufschmid, Andreas Haas, Chris Spring, Mateusz Sochowicz, Vogt Organizations: , Michel, Swiss, Locations: ALTENBERG, Germany, — Swiss, Altenberg, Dresden, British, Swiss, Winterberg, Lake Placid , New York, Canadian, China
Berry, who drives for Stewart-Haas Racing and will make his Daytona 500 debut on Sunday, wished he had Swift sign a yearbook. “I would have already sold it by now,” he quipped Wednesday at Daytona 500 media day. For the Daytona 500, Hard Rock is taking bets on everything from winning driver and winning race team to top Ford, Chevrolet and Ford drivers. That’s the fastest I’ve ever accelerated because of the all-wheel drive and the torque.”YELEY BEHIND THE WHEELJ.J. Yeley was a late addition to the Daytona 500. DE FERRAN TRIBUTEAustin Cindric, the 2022 Daytona 500 winner, has dedicated this race to late open-wheel star Gil de Ferran.
Persons: — Taylor Swift, Josh Berry’s, Swift, Berry, Stewart, Haas, , , Dang, ’ ” Berry, ” Berry, David Ragan, Ragan, ” Ragan, They’re, I’ve, Yeley, Greg Biffle, ” Biffle, FERRAN, Austin Cindric, Gil de Ferran, De Ferran, Cindric’s, Tim, Austin, ” “ Gil, ” Cindric Organizations: DAYTONA, Henderson, Daytona, ESPN Bet, NASCAR, Ford, Chevrolet, Martinsville Speedway, Toyota, EV, NY Racing, Team Penske, Penske, California Speedway Locations: Fla, Tennessee, Florida, BetMGM, Martinsville, Indianapolis
I decided to leave investment banking because I'd lost the meaning and purpose of my work, and I wanted to find it. Becoming a managing director wasn't a specific goal when I started in investment banking. I realized money is just part of the puzzle. The biggest expense isn't the business investment but the opportunity cost and covering my living expenses while extending my financial runway. I don’t have fixed commitments, like a mortgage or children, which gave me the flexibility to leave my banking career.
Persons: , Valeri Gervaziev, Morgan Stanley, I'd, wasn't, could’ve, HENRY, I’ve, I've, Lauryn Haas Organizations: Service, Barclays, Business, lhaas@businessinsider.com Locations: London, Bulgaria
SAN FRANCISCO (AP) — A former interim mayor of San Francisco announced Tuesday he's running for his previous job, joining a competitive field of candidates who say the city has crumbled under the watch of Mayor London Breed, who is up for reelection this year. The lawyer and former city supervisor said he had not planned to return to politics but feels he has the right skills to turn San Francisco around. While she's not on the March 5 ballot, Breed is pushing a pair of public safety proposals that are. Critics say the ballot measures are not in line with San Francisco voters who value privacy over surveillance and encouraging rather than mandating participating in drug treatment programs. Meanwhile, political action committees supporting Breed have raised $1.3 million, including $200,000 from Michael Bloomberg, former New York City mayor.
Persons: , London Breed, Mark Farrell, Breed, Ed Lee, San, ” Eric Jaye, , ” Jaye, San Jose . San, Farrell, Ahsha Safaí, Daniel Lurie, Levi Strauss, she's, Lurie, E, Miriam Haas, Haas, Michael Bloomberg, Safaí Organizations: FRANCISCO, San Francisco, London, Associated Press, Democratic, New York City Locations: San Francisco, Francisco's, San Jose ., San Jose . San Francisco, New York
Arm shares surge on Q3 earnings beat
  + stars: | 2024-02-08 | 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 EmailArm shares surge on Q3 earnings beatArm Holdings CEO Rene Haas joins 'Squawk on the Street' to discuss the company's quarterly earnings results, where the company is taking market share, and the GPU's Arm gets from Nvidia.
Persons: Rene Haas Organizations: Arm, Nvidia
Watch CNBC's full interview with Arm Holdings CEO Rene Haas
  + stars: | 2024-02-08 | 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 EmailWatch CNBC's full interview with Arm Holdings CEO Rene HaasArm Holdings CEO Rene Haas joins 'Squawk on the Street' to discuss the company's quarterly earnings results, where the company is taking market share, and the GPU's Arm gets from Nvidia.
Persons: Rene Haas Organizations: Arm, Rene Haas Arm, Nvidia
Shares of chip designer Arm climbed more than 60% on Thursday morning after the company reported better-than-expected earnings Wednesday and a strong profit forecast for the current quarter. The company reported higher-than-expected earnings per share and revenue for the quarter that ended in December. Earnings per share came in at 29 cents adjusted versus the 25 cents expected by analysts, according to LSEG, formerly known as Refinitiv. The company also forecast earnings per share for the current quarter to be between 28 cents and 32 cents on sales of $850 million to $900 million. The company sold shares at $51 apiece in its initial public offering and was trading at just below $100 a share Thursday morning.
Persons: Rene Haas, Softbank, , Kif Leswing Organizations: Nasdaq, Revenue, Softbank Locations: New York
Formula One's invitation to Andretti Cadillac for an in-person meeting about its application to join the motorsports series was sent via email and landed in a spam folder, which is why Michael Andretti and General Motors representatives never answered the request. The junk email revelation came Friday as Andretti Global sought to clarify two points in the sharply critical document F1 released earlier this week in rejecting the Andretti Cadillac application. An in-person meeting to discuss commercial matters would be and remains of paramount importance to Andretti Cadillac,” the team said. “Andretti Cadillac has been operating with 2026 as the year of entry for many months now," the team said. He then petitioned F1 to expand the grid for what Andretti claims will be a true American team in the series.
Persons: Andretti, Michael Andretti, Stefano Domenicali, , “ Andretti, Andretti Cadillac, , Mario Andretti, Michael rank, Michael Andretti's, Gene Haas, Haas, Colton Herta, Logan Sargeant, Williams Organizations: Andretti Cadillac, General Motors, Andretti Global, Andretti, Formula One Management, FIA, American, Liberty Media Corp, GM, Cadillac, Sauber Locations: American, California
Why does gas cost more in California?
  + stars: | 2024-01-27 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +5 min
It adds about 10 cents of additional cost per gallon of gas, said Borenstein. Yet, in the fall of 2022, California gas prices shot up to a record high of nearly $6.50 per gallon after multiple refineries suffered outages. The shrinking number of oil refineries in California is another reason there’s a growing gap between California and the rest of the country’s gas prices. Those 11 refineries produce 90% of California’s gas and diesel fuel, according to California’s energy department. But Borenstein has another theory for why the price of gas is so much higher in California.
Persons: That’s, Severin Borenstein, Borenstein, Ronald Reagan, ” Reagan, David Paul Morris, , , Patrick De Haan, ” Borenstein Organizations: Los Angeles CNN —, AAA, University of California Berkeley’s Haas School of Business, California Air Resources Board, Gov, Carrell, Act, Bloomberg, Getty, American Lung Association, US Energy Information Administration, Drivers, Shell, Mobil Locations: United States, California, Golden, Angeles, Los Angeles, San Francisco , California, Hawaii, Texas, Oklahoma, Louisiana, “ California, Chevron
Read previewThe popular Paleo diet is based on the belief that we are better off eating like our ancestors by sticking to a largely meat-heavy diet. "One way to think about it is as soon as anybody tells you that the Paleo diet was one thing, you can stop listening," said Pontzer, who wasn't involved in the study. The paleo diet is a high-protein diet that emphasizes unprocessed foods. AdvertisementThere is no one Paleo dietThis isn't the only research that disproves the model often held up by proponents of the modern-day definition of the Paleo diet. What's clear is that a meat-heavy diet isn't reflective of what people ate thousands of years ago.
Persons: , Randy Haas, Herman Pontzer, Pontzer, wasn't, Haas, Loren Cordain Organizations: Service, Business, University of Wyoming, Duke University, University of Liverpool, BI Locations: Peru, Patjxa, Germany
Analysts on Wall Street think Five Below is the retail stock investors should be buying as the holiday shopping season picks up steam. The report underpins a broader bullish trend for the retailer, analysts say, which is a more cost-sensitive consumer who is partial toward bargain hunting. Analyst Jason Haas noted the popularity of Five Below could improve further as shoppers gear up for the Christmas holiday. FIVE becomes most needs-based during the holiday season and the rollout of Five Beyond (products $6-25) better positions it in the gift-giving category." "All in, we think FIVE is well positioned to outperform in the current environment and will gain share behind several catalysts (e.g.
Persons: Jason Haas, Haas, Krisztina Katai, Katai, Morgan Stanley's Simeon Gutman, Gutman, — CNBC's Michael Bloom Organizations: LSEG, Bank of America, Deutsche Bank
Madore, who was arrested in Strafford on assault and reckless conduct charges, was later involuntarily admitted at New Hampshire Hospital in Concord, according to records. Madore was fatally shot by a state trooper shortly afterward. The guns used in 2016 remain in the custody of the Strafford Police Department, he said. It remains unclear how Madore, who had most recently lived in a hotel in New Hampshire's Seacoast area, acquired the guns found Nov. 17. A celebration of life has been scheduled on Nov. 27 for for Haas, 63, a former police chief from Franklin, New Hampshire.
Persons: John Madore, Madore, Bradley Haas, general's, Michael Garrity, Haas Organizations: CONCORD, New Hampshire Hospital, New Hampshire, of, New, Strafford Police Department Locations: N.H, New Hampshire, Strafford, Concord, New, Franklin , New Hampshire
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