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“We know this is silly; we know this is fun,” said Marcy Galando, executive director of the Punxsutawney Groundhog Club. Members of Punxsutawney Groundhog Club, organized in 1899, care for Phil at a customized space beside Punxsutawney Memorial Library — where there's a window with a view into the creature's burrow. The Punxsutawney groundhog makes predictions but he's not always predictable. In 1998, a groundhog club leader wearing a $4,000 groundhog suit reported being assaulted by a half-dozen young men. Intended to preserve Pennsylvania German culture and traditions, clubs would sometimes fine those who were caught speaking anything but their Pennsylvania Dutch language at meetings.

Persons: Phil, there'll, Bill Murray, ”, there's, Marcy Galando, Joseph, Jesus, Don Yoder, Yoder, he's, didn't, PHIL, Charlie Hart, Hart, Orphie, “ Octoraro Orphie, It's, Travis Lau, ” Lau, groundhogs, William W, Donner, ” Donner Organizations: Historians, University of Pennsylvania, Punxsutawney, Pennsylvania, University, National Centers for Environmental, Oceanic, Atmospheric Administration, U.S Locations: Pa, Pennsylvania, U.S, Canadian, Europe, Jerusalem, United States, Morgantown , Pennsylvania, —, Pittsburgh, Punxsutawney, Quarryville, Lancaster County, Pennsylvania's

☆ China's economy is facing a nightmarish Year of the Dragon
▼ + stars: | 2024-01-30 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

With the Year of the Dragon less than two weeks away, China's economy wobbled again on Monday. Fragile growthIn late 2022, China's Communist Party finally called time on its harsh zero-COVID measures — but the economy hasn't enjoyed the post-lockdown rebound many forecasters had predicted. DeflationFalling prices are another source of China's economic woes. AdvertisementNone of that speaks to a dedication to the free market — so China will likely keep struggling to attract more foreign investment in 2024. The sell-off reflects investor concern about the economy's overall health, as well as Chinese tech companies falling behind their US rivals in the development of AI.

Persons: wobbled, Linda Chan, Evergrande, Liquidators, hasn't, they'll, Li Qiang, John Kerry, Janet Yellen, Elon Musk, Xi Organizations: Hong, Business, China's Communist Party, World Bank, Tesla, Communist Party, Bain, Co, Big Tech, CSI Locations: Hong Kong, Evergrande, Beijing, China, Japan, Shanghai

☆ NASCAR president talks new steaming deal, says Amazon is 'here to stay' in sports
▼ + stars: | 2024-01-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Monday interview with CNBC's Jim Cramer, NASCAR President Steve Phelps discussed his company's new deal with Amazon Prime streaming, saying Amazon is a sticking force in sports distribution. NASCAR announced last year it entered into a seven-year agreement with Prime Video, giving the platform exclusive rights to five of its Cup Series races in 2025. Phelps was "thrilled" about NASCAR's partnership with Amazon, saying the deal was his company's first "pure streamer" at its Cup Series level. Amazon averaged 13 million viewers during its first NFL game last season, with viewership on the platform growing 24% this season. Netflix is set to release a NASCAR documentary series, 'NASCAR: Full Speed,' on Tuesday.

Persons: CNBC's Jim Cramer, Steve Phelps, Phelps, there'll Organizations: NASCAR, Amazon Prime, NFL, Prime, Amazon, NBC, FOX, TNT, Warner Bros, Netflix Locations: Chicago

☆ A former US Air Force officer spent $11 million searching for Amelia Earhart's long-lost plane — and may have found it
▼ + stars: | 2024-01-28 | by ( Katherine Tangalakis-Lippert | Rebecca Rommen | ) www.businessinsider.com time to read: +8 min

Amelia Earhart, 40, stands next to a Lockheed Electra 10E, before her last flight in 1937 from Oakland, California. Amelia Earhart took off from the airport in her £10,000 Flying Laboratory for Honolulu on the first leg of her round-the-world flight. A map of where Earhart's plane is believed to have gone missing along her presumed flight path. Romeo and his company, Deep Sea Vision, discovered an object of similar size and shape to Amelia Earhart's iconic plane, deep in the Pacific Ocean. Advertisement"It's very deep water, and the area that she could've possibly been in is huge," Tom Dettweiler, a sonar expert, told The Journal.

Persons: —, Amelia Earhart, Tony Romeo, Fred Noonan, Romeo, I've, Dorothy Cochrane, Andrew Pietruszka, he's, Amelia Earhart's, we've, there'll, it'll, Earhart's, Tom Dettweiler, Earhart, Cochrane, I'm Organizations: Service, US Air Force, Business, Lockheed, AP, Kongsberg, Street Journal, Laboratory, Smithsonian Institution's, Air and Space Museum, Scripps Institution of Oceanography, Smithsonian, dateline Locations: Oakland , California, Norwegian, Tarawa, Kiribati, Honolulu, Howland, Honolulu , Hawaii

☆ There are sectors in China that will be investible: Franklin Templeton
▼ + stars: | 2024-01-24 | 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'll be investing opportunities in China's manufacturing, services sectors: Franklin TempletonJenny Johnson, CEO of Franklin Templeton, discusses the Chinese government's attempts to create a more consumer-driven economy and says "it's always better to swim with the current."

Persons: Franklin Templeton Jenny Johnson, Franklin Templeton, it's

☆ Trump plans to testify in E. Jean Carroll's trial. His only move would be to apologize and beg for forgiveness, experts say.
▼ + stars: | 2024-01-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

On Monday, Trump's attorney Alina Habba said he intends to take the witness stand in his defense. Trump's two driving impulses — to fight the system and to take the witness stand — will create the judicial equivalent of a car wreck, experts told Business Insider. Alternatively, Trump can get on the witness stand and "try to testify in a narrative fashion," Jones said. Carroll's trial does have a jury, making it harder to "unring that bell" of forbidden testimony, Jones said. Or wager that he'll inflict wounds on himself by taking the witness stand?

Persons: —, Jean Carroll, Donald Trump, Trump, defaming Carroll, Carroll, Carroll —, Alina Habba, John Jones, Jilting, MAGA, Jones, " Jones, Lewis Kaplan, — Trump, aren't, Carol Martin, Carroll's, Mary Altaffer Trump, Habba, Chris Mattei, Alex Jones, Sandy Hook, " Mattei, Kaplan, Arthur Engoron, Michael M, Engoron, Will, he's, he'll, Elle, Jane Rosenberg, Mattei, they'll, Rudy Giuliani's, Giuliani, it's, Forbes Organizations: Service, Business, Dickinson College, AP, Trump, New York Attorney, New, US Justice Department, Getty, REUTERS, Republican Locations: Manhattan, Pennsylvania, Florida, Georgia

☆ Google CEO Sundar Pichai says the tech giant's staff must brace for more job cuts in 2024
▼ + stars: | 2024-01-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Google CEO Sundar Pichai wrote in an internal memo that there'll be more "role eliminations" in 2024. The tech giant laid off hundreds of staff working on its devices and services in January. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle CEO Sundar Pichai says there will be more layoffs at the search giant in 2024.

Persons: Sundar Pichai, —, Pichai, Alex Heath Organizations: Google, Service, Business

☆ Iceland scientists want to drill a hole straight into a reservoir of molten magma about a mile underground. It could generate limitless energy.
▼ + stars: | 2024-01-15 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +9 min

Scientists in Iceland want to drill straight into an underground magma chamber. AdvertisementScientists in Iceland want to drill a hole into a magma chamber about a mile underground in an attempt to generate limitless energy. KMTIngólfsson expects one well on a magma chamber could be as productive as 10 other wells elsewhere. I'm not sure how much more efficient systems would be if drilled into a magma chamber," he said. AdvertisementA short time to get a lot of moneyKMT hopes to break ground on the first hole into the magma chamber in 2026.

Persons: —, Ingólfsson, Mika Mika, Paolo Papale, Jon Gluyas, Iceland Layne Kennedy, Gluyas, Hafsteinn Karlsson, it's Organizations: Service, Scientists, Italy's National, of Geophysics, Volcanology, New, KMT, Durham University, Global Geothermal Energy Advancement Association, KMT Ingólfsson, Gluyas Locations: Iceland, Namafjall, Pisa, Northern Iceland, Landmannalaugar, Krafla, Mexico, Kenya, Ethiopia, Italy

☆ What we can expect from season 3 of 'The Bear'
▼ + stars: | 2024-01-15 | by ( Olivia Singh | ) www.businessinsider.com time to read: +4 min

FX's "The Bear," starring Jeremy Allen White and Ayo Edebiri, got renewed for a third season. AdvertisementJeremy Allen White is returning to the kitchen for season three of "The Bear." AdvertisementAccording to White, season 3 will return to the 'functioning kitchen atmosphere'Jeremy Allen White as Carmy on season two of "The Bear." Season 3 is set for release sometime in 2024Jeremy Allen White on season two of "The Bear." AdvertisementConsidering how quickly the show is filmed, fans can expect season three to be on track for release later this year.

Persons: Jeremy Allen White, Edebiri, White, —, Carmen, Ayo Edebiri, Ebon Moss, Bachrach, Richie, it's, Abby Elliott, Natalie, Lionel Boyce, Marcus, Liza Colón, Zayas, Tina, Edwin Lee Gibson, Matty Matheson, Neil Fak, Jon Bernthal's, Michael Berzatto, there's, Carmy, Claire, Jeremy, . White Organizations: Service, Hulu, Sydney Adamu, Variety, Globes, Entertainment Locations: Chicagoland, Sydney

☆ Nvidia's stock tripled last year on AI excitement. What to expect as the next stage unfolds
▼ + stars: | 2024-01-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

The company's stunning progress garnered the love of Wall Street, with analysts upping their price targets on the stock to account for future growth and naming it among their top AI picks. Nvidia's 'iPhone moment' Few could have predicted the frenzy ChatGPT would create when it debuted in late 2022, but no company could have been better prepared for the excitement than Nvidia. What to expect in 2024 Many on Wall Street don't foresee Nvidia hype dying down in the new year. In fact, many investors expect shares to keep rising as long as the company can smash expectations and guide higher. That's a feat many on Wall Street expect the company to accomplish, with the consensus price target implying another 35% upside for shares, according to FactSet.

Persons: Paul Meeks, Karl Freund, Freund, They've, Kim Forrest, Meeks, there'll, Ken Mahoney, Forrest, they've Organizations: Nvidia, Devices, Research, Bokeh Capital Partners, Intel Locations: Nvidia's

☆ Jim Cramer’s guide to investing: Pay attention to big insider buying
▼ + stars: | 2023-12-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

But sometimes it's worth buying some stock at the top, especially if a company engages in significant insider buying. Not to be confused with insider trading, insider buying is based on public information and occurs when executives buy shares in their own company. Insider buying can signal that a company expects its stock's value to increase. Investors are right to be skeptical when it comes to insider buying, Cramer said. Crucially, it's the volume of the insider buying that declares its sincerity," Cramer said.

Persons: CNBC's Jim Cramer, there'll, Cramer, that's

☆ With Washington Capitals, Wizards move to Virginia, owner Ted Leonsis pursues his vision of a $10 billion sports empire around Washington, D.C.
▼ + stars: | 2023-12-14 | by ( Ian Thomas | ) www.cnbc.com time to read: +8 min

Glenn Youngkin (L) looks on during the announcement of a new sports arena for the Washington Wizards NBA basketball team and Washington Capitals NHL hockey team, on December 13, 2023 Virginia. Win Mcnamee | Getty Images News | Getty ImagesTed Leonsis, the owner of the NBA's Washington Wizards and the NHL's Washington Capitals, has a grand vision for growing a regional sports empire. Glenn Youngkin announced that the Capitals and Wizards have agreed to move to a new arena in Alexandria, Virginia, as part of a $2 billion entertainment complex in 2028. How will they compete with big market teams? "We could have a billion-and-a-half-dollar revenue run rate and a $10 billion to $15 billion trend of valuation," Leonsis said.

Persons: Ted Leonsis, Glenn Youngkin, Win Mcnamee, Leonsis, we'll, aren't, I'm, it's, It's, David Rubenstein, David Blitzer, Blackstone, James Dolan, Stan Kroenke, Kroenke, I've Organizations: Monumental Sports, Entertainment, Virginia Gov, Washington Wizards NBA, Washington Capitals NHL, Getty, Washington Wizards, NHL's Washington Capitals, CNBC, Summit, Washington , D.C, AOL, Capitals, Wizards, Washington Mystics, Capital, D.C, Sports, Mystics, NHL, Baltimore Orioles, Washington Nationals, MLB, Carlyle Group, Bloomberg, Orioles, Red Sox, Fenway Sports Group, Boston Red Sox, Pittsburgh Penguins, Premier League's Liverpool, Philadelphia 76ers, New, New Jersey Devils, Washington, Cleveland Guardians, MSG, Sphere Entertainment, Madison Square Garden Entertainment, New York Knicks, Rangers, MSG Networks, Atlanta Braves Holdings, Liberty Media, Sports & Entertainment, Nuggets, Avalanche, Los Angeles Rams, Premier League's Arsenal FC, Qatar Investment Authority, MSG Sports, NHL's Rangers, NBA's Knicks, Phoenix Suns, NBA, Ottawa Senators, Braves Locations: Virginia, Alexandria , Virginia, Washington ,, Washington, London, Richmond, Delaware, New Jersey, Real Salt Lake, Denver, MLS's Rapids, Colorado, Monumental

☆ As Gerry Turner's love story comes to an end, fans are eager for a 'Golden Bachelorette' next — here's what we know about the potential spinoff
▼ + stars: | 2023-11-30 | by ( ) www.businessinsider.com time to read: +5 min

Fans of "The Golden Bachelor" are wondering if there'll be a "Golden Bachelorette." Here's what we could piece together about the status of "The Golden Bachelorette." ABC has yet to officially announce a "Golden Bachelorette" spinoff, but our guess is that it's coming. In addition, numerous figures close to the show — including host Jesse Palmer, and Gerry himself — have expressed support for "The Golden Bachelorette." Here's what we could piece together about whether or not "The Golden Bachelorette" is happening.

Persons: ABC hasn't, —, Gerry Turner, they'll, Jesse Palmer, Gerry, he's, we've, Gerry Turner's, Disney, John Fleenor, they'd, Susan Noles, Joan Vassos, Sandra Mason, she'd, Kathy Swarts, Susan, Craig Sjodin, Palmer, I've, Faith, Rob Mills, Mills, It's Organizations: ABC, Service, Disney, Party

☆ Sam Altman says he feels 'selfishly' good about having gotten ousted from OpenAI
▼ + stars: | 2023-11-30 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

"I learned that the company can truly function without me," Altman told The Verge's Alex Heath. Altman told Heath that this meant he's either "picked great leaders" or "mentored them well." "I learned that the company can truly function without me, and that's a very nice thing," Altman told Heath in a phone call on Wednesday. Altman told Heath that his first reaction to being asked by the board to return as OpenAI's CEO was "sort of one of defiance." Advertisement"It was like, 'Man, I'm hurt and angry, and I think this sucks,'" Altman told Heath.

Persons: Sam Altman, Altman, Alex Heath, Heath, —, OpenAI, wasn't Organizations: Service, Business Insider Locations: OpenAI

☆ House Republicans believe there are enough votes to expel Rep. George Santos this week
▼ + stars: | 2023-11-29 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Rep. George Santos, R-N.Y., is seen in the U.S. Capitol on Tuesday, November 28, 2023. Multiple House Republicans said Wednesday they believe there is now enough support by GOP lawmakers to boot Rep. George Santos from Congress later this week. Johnson said he has "reservations" about the vote to remove Santos. That many Republicans, added to what is expected to be overwhelming Democratic support, would easily surpass the two-thirds supermajority vote required to remove Santos from the 435-seat House. Another New York Republican, Rep. Anthony D'Esposito, said he believes this will be Santos' last week in Congress.

Persons: George Santos, Mike Johnson, Johnson, Santos, Nick LaLota, Anthony D'Esposito, LaLota Organizations: U.S, Capitol, Republicans, GOP, Congress, NBC News, Democratic, New York Republican Locations: New York

☆ Gay activists in Russia fear arrest as top court weighs "extremist" listing
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +3 min

Russia's justice ministry asked the Supreme Court this month to recognise what it called "the international LGBT social movement" as extremist and to ban its activities. The ministry said that "various signs and manifestations of extremist orientation, including the incitement of social and religious discord" had been identified in the activities of Russia's LGBT movement, without giving examples. 'EXTREMIST' LISTING CAN FORESHADOW ARRESTSThe justice ministry publishes a list of more than 100 "extremist" groups banned in Russia. "This will all be so underground that, unfortunately, I'm sure there are many people who won't be able to get help," he said. Reporting by Reuters, writing by Mark Trevelyan; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

Persons: Putin, Alexei Sergeyev, Vladimir Putin, Alexei Navalny, Sergei Troshin, Sergeev, Mark Trevelyan, Kevin Liffey Organizations: PETERSBURG, LGBT, Reuters, Orthodox Church, Thomson Locations: Russia, St Petersburg

☆ Housing economists have a great idea that could fix just about everything
▼ + stars: | 2023-11-24 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

"A land value tax would fix that" has become a popular, and sometimes comedic, Twitter response to a range of policy conundrums among urbanists and YIMBYs. It would incentivize landowners to maximize the revenue from their property — building an apartment building instead of, for example, a parking lot. And because rich individuals and corporations own most land in cities and towns, land taxes would disproportionately fall on the wealthiest. Pure Georgists advocate for abolishing all taxes besides land value taxes. Instead, they want to see more regressive levies — like sales taxes — or those that penalize investment — like property taxes — reduced.

Persons: —, Henry George, George, Stephen Hoskins, BZ5X3Lh7mU — Daryl Fairweather ⛅, Mike Duggan, Gregor Schwerhoff, Shane Phillips, Scott Olson, Phillips, Hoskins Organizations: Service, urbanists, Resource Justice, Lawmakers, Detroit, International Monetary Fund, Lewis Center for Regional Policy Locations: America, Pennsylvania, Pittsburgh , Harrisburg, Allentown, Detroit, Minnesota, Hamtramck , Michigan, American

The holiday season, which begins with Black Friday at the end of November and lasts roughly until the end of December, is expected to be especially tough for retailers selling discretionary items, executives say. "We are seeing some early Black Friday sales start just now," Barbie maker Mattel's (MAT.O) president and chief commercial officer, Steve Totzke, told Reuters on Monday. "The market for toys has been declining for the whole year," said Florian Sieber, CEO of German toy maker Simba. "We are expecting a good holiday season for Mattel," Totzke said. "We expect to continue to gain share throughout the holiday season."

Persons: Peter Nicholls, Larian, Santa Claus, Barbie, Loo, Isaac Larian, Toymakers, Nic Aldridge, Aldridge, Mattel's, Steve Totzke, Florian Sieber, Simba, Sieber, Totzke, Frédérique Tutt, Jerry Storch, Richa Naidu, Matt Scuffham Organizations: REUTERS, Hasbro, Mattel, Consumers, Euromonitor, MGA Entertainment, Toymakers Hasbro, Reuters, Bandai, P, Global, Storch Advisors, Hudson's, Thomson Locations: London, Britain, Europe, Santa, United States, Loo Wee, U.S

"We are seeing some early Black Friday sales start just now," Barbie maker Mattel's (MAT.O) president and chief commercial officer, Steve Totzke, told Reuters on Monday. "The market for toys has been declining for the whole year," said Florian Sieber, CEO of German toy maker Simba. "We are expecting a good holiday season for Mattel," Totzke said. "We expect to continue to gain share throughout the holiday season." "But it's a reality that there won't be as many toys sold this year as last year."

☆ This is the world's next major election. The winner has to fix chronic hyperinflation and halt a 6th recession in 10 years.
▼ + stars: | 2023-11-11 | by ( George Glover | ) www.businessinsider.com time to read: +9 min

AdvertisementAdvertisementArgentina is getting ready to choose its next president — and the country's economy is a mess. Triple-digit inflationSoaring prices are perhaps the best-known problem plaguing Argentina's economy, but far from the only issue that policymakers are battling. The currency is managed by Argentina's central bank. If, or more likely when, Argentina's economy slips into another recession, it'll be the sixth such occurrence in the past decade. His proposed policies include abolishing Argentina's central bank altogether and adopting the dollar, which economists have warned could end up pushing the country even closer to a default.

Persons: —, Sergio Massa, Javier Milei, Manuel Cortina, Lucila Bonilla, Bonilla, they've, Kimberley Sperrfechter, There's, there's, Massa, Cristina Sille, Donald Trump, Bolsonaro, they'll, Sperrfechter Organizations: Service, Union, Homeland, Triple, Consumer, National Institute of Statistics, Argentinian, Oxford Economics, The Central Bank of, International Monetary Fund, Reuters, World Bank, FX, Central Bank of, Peronist Locations: Argentina, American, Buenos Aires, Central Bank of Argentina

☆ Believed dead, then alive in Gaza - father of child hostage clings to hope
▼ + stars: | 2023-11-10 | by ( Eli Berlzon | ) www.reuters.com time to read: +4 min

"Unofficial reports came in that she was found dead in the kibbutz," said Hand, who is now living in a hotel on the Dead Sea with others evacuated from Be'eri. I was relieved that she was dead and it was all over, it would have been pretty quick." Many were shot with their families or found dead with their hands bound. "Crazy thought, for a parent to say but, yeah, it was a relief thinking that she wasn't in Gaza." She's going to be 9 in the tunnels," he said.

Persons: Tom Hand, Emily, Israel's, Hand, Emily's, Liat, Hand's, Narkis, Thomas Hand, Emily Hand, She'll, Beyonce, she's, James Mackenzie, Crispian Balmer, Howard Goller Organizations: Gaza, Hamas, Reuters, DISNEY, Disney, Thomson Locations: Israel, Gaza, Be'eri, Palestinian, American

☆ New Zealand's Boult excited by prospect of facing India in World Cup semis
▼ + stars: | 2023-11-09 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +2 min

Boult bagged 3-37 to help restrict Sri Lanka to 171 before New Zealand made short work of the chase to snap a run of four straight defeats, finishing their pool stage campaign with 10 points from nine games. "I can't speak on what they're thinking but from our point of view to play the World Cup in India and come up against the hosts, a team that's red hot playing good cricket at a great ground - you couldn't script it any better," Boult said. "Excited if that happens, I feel like we've done all we can from our point of view and we'll wait and see what happens." "But history suggests it's a good wicket," Boult said. Doesn't get any bigger than taking on India in front of 1.5 billion people.

Persons: Zealand's Trent Boult, Lanka's Charith Asalanka, Adnan Abidi, seamer Trent Boult, Boult, Doesn't, Shrivathsa Sridhar, Toby Davis Organizations: Cricket, ICC Cricket, Chinnaswamy, Lanka's Charith Asalanka REUTERS, Rights, Sri Lanka, England, New Zealand, Thomson Locations: New Zealand, Sri Lanka, Bengaluru, India, Afghanistan, South Africa, Pakistan, , New Zealand, Mumbai, New, Dharamsala

☆ What's Warner Bros. Discovery's next move? David Zaslav and John Malone offer clues
▼ + stars: | 2023-11-09 | by ( Alex Sherman | ) www.cnbc.com time to read: +7 min

In this article WBDPARA Follow your favorite stocks CREATE FREE ACCOUNTDavid Zaslav, CEO and president of Warner Bros. Media company valuations have been plummeting amid streaming video losses, traditional TV subscriber defections, and a down advertising market. Warner Bros. Warner Bros. Warner Bros.

Persons: David Zaslav, John Malone, Malone, David Faber, Zaslav, Faber, Bob Bakish, Simon & Schuster, Shari Redstone, David A, Peacock, Brian, Roberts, Puck's Dylan Byers, Warner Organizations: Warner Bros ., Liberty Media, Liberty Global, Qurate Retail Group, CNBC, Reuters Warner Bros, Media, Warner Bros, Discovery, Sirius XM, Sirius, Paramount Global, Paramount, Viacom, CBS, Allen, Co . Media, Technology Conference, Grogan, CNBC Paramount Global, Comcast, U.S, NBC Locations: U.S, Sun Valley , Idaho

☆ The first US commercial plant has started to pull carbon from the air. It's able to suck out 1,000 tons annually and plans to expand.
▼ + stars: | 2023-11-09 | by ( Maiya Focht | ) www.businessinsider.com time to read: +4 min

JENN CAIN/Getty ImagesHeirloom uses direct air capture technology, which essentially means that its product is able to suck free carbon dioxide out of the air, according to its website. The captured carbon dioxide gets packed into concrete or injected into the ground, where Heirloom said it's held permanently. Why they made this tech in the first placeExcess carbon dioxide in the atmosphere traps heat and warms the planet. Carbon capture is not a cure for climate changeUsing carbon capture alone won't be a cure-all for our climate woes. AdvertisementAdvertisement"Fossil-fuel companies love carbon capture because it really does let them off the hook," he said.

Persons: it's, Shashank Samala, JENN, there'll, Energy Jennifer Granholm, Peter Kalmus, Kalmus Organizations: New York Times, Service, Carbon Technologies, Times, Getty, World Wildlife Fund, Boston Consulting Group, Energy, WWF Locations: California, Tracy , CA, Brisbane , California

☆ Cramer breaks down Datadog's rally, says tech will continue to see gains
▼ + stars: | 2023-11-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer examined enterprise software company Datadog 's Tuesday rally, saying the tech stocks' gains aren't over, and the company's success signals good news for peer stocks. "You had to believe in bowling, meaning the pin action that could come from hitting the front pin of the tech phalanx." Cramer said the stock's success also buoyed known partners like Meta , Shopify and ServiceNow , as well as tangential tech stocks. Cramer said this change in Datadog clients' habits could mean fewer problems for other tech and enterprise software companies. According to Cramer, today's tech rally indicates that last week's market gains won't be short-lived.

Persons: CNBC's Jim Cramer, Datadog, Cramer, Wall, I've Organizations: Meta

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