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“When you’re a regular person and you’re going on to your email job during the day and then every time you take a dopamine break on your phone, you’re getting hit by ‘You’re not fashionable enough. Everyone is overconsuming to keep upWhen shopping for clothes, Martinson is almost exclusively a thrifter. “They’re grasping at straws, just throwing something at the wall to see what sticks.”The new mall is TikTok ShopFast fashion was the first harbinger of the death of personal style, Thomas said. If you’re going to buy a clothing item, think of three outfits you can wear it with. Pre-Industrial Revolution habits of secondhand shopping, mending old clothes and keeping things around are coming back.
Persons: Fiza Faheem, , Faheem, microtrends, XCX’s, They’ve, Instagram, Dejeuné Harris, you’re, ‘ You’re, it’s, Alana Martinson, Dana Thomas, , Luke Meagher, Tamika Smith, Harris, I’m, “ I’m, TikTok, ” Harris, Thomas, ” Thomas, “ We’d, Zara …, ” Martinson, Hope, ” Meagher, they’ve Organizations: University of York, Washington , D.C, YouTube Locations: Washington ,, Zara, , U.S, TikTok
Heavy rains from Hurricane Helene caused flooding across western North Carolina, like here in Asheville. Melissa Sue Gerrits/Getty ImagesBut only about 2.6% of the 4.3 million properties across the state — or around 115,000 properties — had flood insurance as of June 2024, according to private provider Neptune Flood Insurance, which analyzed data from the government-backed National Flood Insurance Program. North Carolina Department of Insurance communications director Jason Tyson estimated that about 139,000 properties in the state have flood insurance through the NFIP. Part of the problem with flood insurance is a common misconception that regular home insurance covers flooding, which is rarely the case, four experts knowledgable about flood insurance and disaster management told Business Insider. "We don't think of western North Carolina and the Appalachian mountains as an area that has significant flood risk."
Persons: Hurricane Helene, Melissa Sue Gerrits, Neptune, Jason Tyson, Sue Gerrits, Trevor Burgess, Jeffrey Schlegelmilch, Schlegelmilch, Margaret Walls, they're, there's, It's, it's, Helene, Jeremy Porter, Burgess, Yanjun Liao, Liao Organizations: Service, North, Climate Office, Neptune Flood Insurance, Flood Insurance, North Carolina Department of Insurance, The North, Information Center, Business, Getty, National Center for Disaster Preparedness, Columbia Climate School, FEMA, Associated Press, Resources Locations: Hurricane, North Carolina, Asheville, , The, The North Carolina, Black Mountain , North Carolina, State, North, Florida , Louisiana, Texas, Asheville , North Carolina
In a speech to Congress, also on Tuesday, with López Obrador sitting a few steps from her, the promises seemed more tangible. It is far less than the 2.6 million barrels per day López Obrador promised at the beginning of his term. Experts said Mexico would not be able to increase oil production using traditional methods, because its fields are getting tapped out. Mexico is almost out of oil,” said Adrian Fernandez, who holds a PhD in environmental science from Imperial College London and directs the Mexico Climate Initiative, a think tank. Before leaving office, López Obrador pushed through a constitutional reform that strongly favors the Federal Electricity Commission.
Persons: , Claudia Sheinbaum, Andrés Manuel López Obrador, , López Obrador, Sheinbaum, Rosanety Barrios, Enrique Peña Nieto, Adrian Fernandez, Fernández, Hurricane John, Hurricane Otis, Claudia, ” Barrios Organizations: MEXICO CITY, Federal Electricity Commission, Mexican Energy Regulatory Commission, Ministry of Energy, Imperial College London, Mexico Climate Initiative, United Nations, Hurricane, CFE, Associated Press Locations: MEXICO, López, Mexico, Paris, Dos Bocas, Acapulco, Guerrero, AP.org
Chinese stocks could climb as much as 15% on the nation's expected fiscal stimulus package, SocGen said. The stimulus measures could push China's GDP to grow as much as 5% next year, strategist said. The package could amount to as much as 3 trillion yuan, or $427 billion, and include an "open-ended commitment" for a bigger stimulus package the following year. "The exact magnitude of the boost will be subject to the size and details of the fiscal package … the sustainability of housing stabilization and household wealth recovery." AdvertisementOther experts have noted that China's monetary stimulus measures are unlikely to be effective without fiscal stimulus to go along with it.
Persons: SocGen, , Société Générale Organizations: Service, National People's Conference Locations: Beijing, China
A sign outside of the Starbucks headquarters is seen at Starbucks Center on July 3, 2024 in Seattle, Washington. More than a decade ago, Starbucks bought its first coffee farm, in Costa Rica. For Starbucks, which buys 3% of the world's coffee, the shortages can mean scrambling to find Arabica beans — and higher prices for its customers. Consumer coffee prices have risen 18% over the last five years as of August, according to the Bureau of Labor Statistics. The Coffee Belt refers to the equatorial region with the ideal conditions to grow coffee beans.
Persons: it's, La Nina, Roberto Vega Organizations: Starbucks Center, Starbucks, Consumer, Bureau of Labor Statistics Locations: Seattle , Washington, Costa Rica, Seattle, Guatemala, Brazil
Much of the office market may be mired in a downturn, but demand has been strong for high-end space. New office construction has dropped off sharply, leading to a potential upcoming shortage. That demand has persisted even as office construction has been stifled by higher interest rates and inflation, which have pushed up costs. Worries over the health of the office market have also made lenders reluctant to finance new development. 8 million square feet of that is pre-leased, meaning that there is only about 10 million square feet of upcoming available top quality space.
Persons: , Hilary Goldfarb, Goldfarb, Crowell, there's, Scott Rechler, Rechler, Vanderbilt, Philippe Visser, CBRE, Visser, Larry Silverstein, Norman Foster, Silverstein, Randolph St, Ross, Stephen Ross, Jordan Rathlev, Rathlev, Jessica Morin, Morin, Banks, RXR, I'm, you'd Organizations: Service, Rockefeller Development, Fifth St, RXR, Skidmore, Owings, Merrill, TF Cornerstone, Grand Central, Citadel, Yards, Companies, Oxford Properties, Hudson, Hudson Yards, KKR, Meta, World Trade Center, American Express, Trade, Related's, Central Locations: Washington ,, Washington, DC, New York, San Francisco, midtown Manhattan, Manhattan, Wells Fargo, BlackRock, Lower Manhattan, Chicago, Fulton, West Palm Beach , Florida, CBRE
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing looks on during the NASCAR Cup Series FireKeepers Casino 400 at Michigan International Speedway on August 18, 2024 in Brooklyn, Michigan. 23XI Racing was founded in 2020 by NBA legend Jordan, driver Denny Hamlin and Jordan's longtime business partner, Curtis Polk. Michael Jordan's NASCAR team, 23XI Racing, and fellow team Front Row Motorsports filed an antitrust lawsuit against NASCAR and CEO Jim France on Wednesday, arguing that they have used anticompetitive practices to prevent fair competition in the sport. Jordan, a longtime racing fan, is the first Black majority owner of a full-time racing team in the NASCAR series since legendary driver Wendell Scott. "Everyone knows that I have always been a fierce competitor, and that will to win is what drives me and the entire 23XI team each and every week out on the track.
Persons: Michael Jordan, 23XI, Jordan, Denny Hamlin, Curtis Polk, Bob Jenkins, Michael Jordan's, Jim France, Tyler Reddick, Jenkins, he's, Jeff Gordon, Wendell Scott Organizations: Hall of Famer, 23XI, NASCAR, Michigan International Speedway, Michael Jordan's NASCAR, Row Motorsports, Deck Toyota, Cook, Darlington Raceway, SC, Fox, NBC, Amazon, Warner Bros, Hendrick Motorsports Locations: Brooklyn , Michigan, France, Darlington, North America
Carsten Brinkschulte, who founded Dryad Networks, built an IoT network to detect wildfires. He's motivated by the impact of his work and urges founders and engineers to move to green tech. The first was how to detect fires. To solve for this, we developed our own solar-powered mesh gateway that could connect to sensors via an IoT network and relay information back to a cloud platform. The Silvanet mesh gateway connects sensors to an IoT network.
Persons: Carsten Brinkschulte, they've Organizations: Dryad Networks, Service, Dryad
CNN —Palawan, a cluster of islands in the Philippines, is breathtakingly beautiful. According to Global Forest Watch, Palawan had the most tree cover loss in the country between 2001 and 2023. “Our mission is to conserve the Philippines’ last remaining 3% of pristine rainforest through the establishment of national parks,” she says. The island of Palawan is home to much of the Philippines' last remaining pristine rainforest. Duncan A. MurrellNow, their attention has turned to Sultan Peak, a mountain in the southern half of Palawan island, which has no formal protection.
Persons: Karina May Reyes, KM Reyes, , Reyes, Duncan A, Murrell, Aubrey Jayne Padilla, ” Reyes Organizations: CNN, Initiative, UNESCO, Global Forest Watch, Sustainability, Philippines ’, CS Locations: Palawan, Philippines, Puerto, Tubbataha, , Puerto Princesa, Duncan
As investors ponder how — and where — to invest in this uncertain climate, CNBC Pro asked market experts how they are positioning before the year-end. 'Capitalize on the shifting market dynamics' The fourth quarter is starting hot on the heels of central banks' rate easing cycle. "There is an interesting valuation point about U.K. equities, and given recent positive economic surprises that present potential upsides, we feel this is an attractive market." "International investors owning U.K. equities and not hedging the currency, either win on the currency strength gains or win on the equity market." Other markets Beyond the U.K., Hechler-Fayd'herbe sees potential in emerging markets such as Taiwan and South Korea.
Persons: Kevin Teng, Teng, , Europe —, he's, Morgan Stanley, Lombard, Nannette Organizations: Equity, CSI, Treasury, Wrise Private Singapore, CNBC Pro, U.S . Federal Reserve, People's Bank of China, Nvidia, Nasdaq, EMEA, CNBC, Bank of England, International Locations: Asia, East, Europe, Hong Kong, China, U.S, Swiss, Taiwan, South Korea
Patagonia laid off 41 members of staff on Monday as part of a major business transformation. AdvertisementPatagonia laid off 41 members of staff on Monday and announced a major business transformation aimed at preparing the company for the next 50 years. The CEO told staff that the layoffs were "a sad and difficult decision" but were part of the company's transformation for the "next chapter." New roles are being created, some are being eliminated and many are evolving," Gellert told staff in the internal email. Gellert told staff to expect more details over the coming days, weeks, and months.
Persons: Ryan Gellert, , Gellert, Diego Donamaria, Yvon Chouinard, Chouinard, Campbell Brewer, Vincent Stanley, Stanley Organizations: Service, BI, Walmart Locations: Patagonia, Ventura, Reno
“I believe all fuels will be made in this way, and we won’t be using fossil fuels anymore at all. Zero continued its foray into motorsport in April, linking up with 2B Autosport to become the first synthetic fuel partner in rally car racing. Zero PetroleumZero could perhaps seek to emulate P1 Fuels, a synthetic fuel firm that is already an established player in the industry. Porsche announced this year that the Porsche Mobil 1 Supercup – a one-make stock car series – would run exclusively on synthetic fuels produced at the Haru Oni plant. In addition, some experts suggest that electric power, a significantly cheaper alternative to synthetic fuels, would be a much more efficient way of decarbonizing the sport than synthetic fuel.
Persons: BloombergNEF, Haru, , Paddy Lowe, , Lowe, Nigel Mansell, Nico Rosberg, Mika Häkkinen, Lewis Hamilton, Peter J Fox, “ petrolhead, “ I’ve, Damon Hill, Zero, Valtteri Bottas, Zhou Guanyu, Lamborghini Miura, Diehard, Jean Todt, Loredana Sangiuliano Organizations: CNN, Zero Petroleum, diesel, Vehicles, NASCAR, CNN Sport, Hydrogen Insight, McLaren, Mercedes, Constructors, Formula One, Sauber, Autosport, British Royal Air Force, Zero, P1, World, Porsche, Porsche Mobil, Aramco, Former International Automobile Federation, FIA, E Locations: Bicester , England, Southern Chile, Bicester, Saudi
Indeed's new Work Wellbeing 100 demonstrates that companies with higher work wellbeing collectively outperform stock market benchmarks. Here's a quick overview of the Work Wellbeing 100 index, along with new data that shows the current state of wellbeing at work — plus strategies for what your company can do to improve its Work Wellbeing Score. Building upon this massive dataset — the world's largest study of work wellbeing — Indeed has collaborated with the University of Oxford to create The Work Wellbeing 100, an index of the top 100 publicly traded companies ranked by the Work Wellbeing Score. As detailed in Indeed's first-ever Global Work Wellbeing Report, only 22% of respondents say they're thriving at work, even though the benefits of work wellbeing are more apparent than ever. Discover your company's Work Wellbeing Score and explore strategies and resources from Lead with Indeed to enhance your wellbeing initiatives.
Persons: We've, , Here's, Russell, Emmanuel De Neve, hasn't, LaFawn Davis, Davis Organizations: Delta Air Lines, Accenture, NIKE, University of Oxford, Nasdaq, Research, Insider Studios Locations: Oxford, Canada
Northern bald ibis: Back from the brink
  + stars: | 2024-09-30 | by ( Joshua Korber Hoffman | ) edition.cnn.com   time to read: +1 min
Editor’s Note: Call to Earth is a CNN editorial series committed to reporting on the environmental challenges facing our planet, together with the solutions. Rolex’s Perpetual Planet Initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action. After the northern bald ibis disappeared from Europe more than 300 years ago, some assumed that 16th century drawings of its gleaming plume and long, arching beak were works of the imagination. Today, tenacious conservation efforts in Morocco have increased the population to more than 500 individuals, resulting in the IUCN Red List of Threatened Species changing its status from critically endangered to endangered in 2018. In addition, thanks to a first-of-its-kind reintroduction program, the ibises are back migrating in Europe for the first time since the 1600s, with a managed migratory population of around 270 birds.
Organizations: CNN, Initiative, IUCN Locations: Europe, Morocco
Villa builds homes to be put in backyards, also known as ADUs, with each unit starting at $95,000. See the factory where its homes are built and some properties already set up in people's backyards. AdvertisementBay Area-based startup Villa sells homes that are built in a factory and then installed in backyards. These homes, called accessory dwelling units, or ADUs, have their own address, separate from the main house they sit near. Take a look inside some of Villa's tiny homes and meet their owners.
Persons: , Villa, Heather Miksch Organizations: Service, Villa Locations: backyards, California
China's massive shipbuilding industry is key to its military's naval modernization. But military corruption and future maintenance issues raise questions about long-term sustainability. AdvertisementChina's shipbuilding industry is at the core of its efforts to modernize its navy, producing new warships at astonishing speeds. This important national ambition gives tremendous support to China's shipbuilding empire. Over the years, there have been signs of extensive corruption documented within the shipbuilding industry, as well as other parts of China's defense industry.
Persons: , Gerald R, it's, it'll, Brian Hart, Matthew Funaoile, Funaoile, That's, Mike Sweeney, Sweeney Organizations: Service, of Naval Intelligence, Navy, Department of Defense, US Navy, Ford, Pentagon, Liberation Army Navy, Getty, Jiangnan Shipyard, Zhonghua Shipyard, China Power, Center for Strategic, International Studies, Getty Images, CSIS, Business, China State Shipbuilding Corporation, PLA, People's Liberation Army, Planet Labs PBC, U.S . Navy, Maxwell, Defense Locations: China, Fujian, Jiangnan, Getty Images China, Dalian, Huangpu Wenchong, Hong Kong, Hudong, Shanghai, Beijing, Wuhan
China's stock markets surged this week, marking the best weekly performance since late 2008. AdvertisementChina's stock markets closed sharply higher Friday, notching their best week in 16 years as investors joined the rally party. The stock market party overwhelmed tech systemsThe stock market party got too hot to handle. AdvertisementFurthermore, the US Federal Reserve has started cutting interest rates, which has historically benefited Chinese markets, they added. So even if Beijing's stimulus isn't enough for China's economy, a liquidity or leverage-driven market rally could still be "very powerful," they wrote.
Persons: , Vishnu Varathan, Hong, Hao Hong, Pan Gongsheng, Data.TS, Freya Beamish, Rory Green Organizations: Service, Grow Investment, Shanghai Stock Exchange, of America, Bank of America, US Federal Reserve, People's Bank of China Locations: China, Beijing, Asia, Japan, Shanghai, India
The good times should continue to roll for shares of Micron Technology , according to Wall Street analysts. The move put the company on pace for its best day since 2011 and put shares up more than 31% year to date. MU YTD mountain Shares performance this year The analyst reiterated his overweight rating and $180 price target, reflecting 88% upside from Wednesday's close. Goldman Sachs' Toshiya Hari reiterated his buy rating and adjusted his price target to $145 from $158, still pointing to a 51% gain. The analyst has a price target of $146 on Micron, signaling a 46% increase.
Persons: Harlan, Goldman Sachs, Toshiya Hari, Mark Li, Tim O'Malley, O'Malley Organizations: Micron Technology, Wall Street, Wall, MU, Micron, Barclays Locations: Harlan Sur
Digital Realty Trust is a key play on artificial intelligence data centers entering the fourth quarter as interest remains strong in the space, according to Goldman Sachs. Analyst James Schneider has a buy rating and top pick designation for the data center owner. While investors are long on data center stocks, they've recently turned more neutral on tower-focused names, he said. Digital Realty Trust shares rose modestly in early trading on Thursday. DLR YTD mountain Digital Realty Trust, year to date
Persons: Goldman Sachs, James Schneider, Schneider, bode, they've Organizations: Realty, Digital Realty Trust, Realty Trust Locations: Texas, hyperscalers
Read previewSam Altman might be facing upheaval at OpenAI, but that isn't stopping him from discussing his grand plans for the company's next stage. 'Better everything'"The two trends I'm most excited about for the next couple of decades are abundant intelligence and abundant energy," Altman told the audience. The growth, the increase in quality of life we can have in the world — better sustainability, better education, better healthcare, better everything," he added. AdvertisementIt's not the first time Altman has talked up the glorious future that AI — and by extension, OpenAI — may usher in. AdvertisementAltman has previously called for massive investment in AI infrastructure, warning that making AI technology widespread would require "lots of energy and chips."
Persons: , Sam Altman, Altman, Mira Murati, Murati, John Elkann, cofounders Ilya Sutskever, John Schulman, Elon Musk, OpenAI, Altman's Organizations: Service, Italian Tech, Business, Google, Elon, Bloomberg, Energy Locations: OpenAI, Italy
Yet, India's central bank appeared to dismiss the negativity earlier this month and reiterated its bullish view of India's growth rate, still expecting the economy to grow by 7.2%. However, when prompted on whether India's growth rate could compete with what China has already achieved for over two decades, the governor was less buoyant. But if you are looking at 10-plus growth, before I venture into that, I have to really do my homework much more," Governor Das said. This week, China's central bank, President Xi Jinping and other top leaders announced plans to boost the country's economy and attract investment. If India intends to grow as fast as China did, it may have to get a move on.
Persons: Goldman Sachs, CNBC's Tanvir Gill, Shaktikanta Das, Das, Narendra Modi, he's, , Xi Jinping, David Tepper, he'd, Kaanhari Singh Organizations: Bank of America, Deutsche Bank, Reserve Bank of India, CNBC, Bank, Appaloosa Management, Barclays Locations: Wall, India, China
The report didn't blow us away, but it still offered plenty of reminders on why Costco investors should stick around. Total revenue in its fiscal 2024 fourth quarter totaled $79.7 billion, missing analysts' expectations of $79.97 billion, according to estimates compiled by LSEG. Costco has succeeded for decades, but the high inflation of recent years has made the company's value-focused ethos really shine. Put it all together, we're increasing our price target on the stock to $950 a share from $875. In the quarter, Costco's membership renewal rate in the U.S. and Canada came in at 92.9%, a tick lower than the 93% rate observed in the third fiscal quarter, while worldwide held constant at 90.5%.
Persons: Gary Millerchip, Ron Vachris, Millerchip, it's, Kirkland, Costco's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Costco, LSEG, Wholesale, Walmart, Club, Amazon, Costco's, Kirkland, Kirkland Signature, Management, U.S, CNBC Locations: Costco's, Yemen, U.S, Canada, Maine, Richmond , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMukherjee: The projected energy demand is huge... it's going to double in the next few yearsSubho Mukherjee, Vice President and Global Head of Sustainability at Nokia, discussed reducing energy consumption in AI-driven data centers and networks.
Persons: Mukherjee, Subho Mukherjee Organizations: Global, Sustainability, Nokia
A study in June found a decrease in prescriptions for birth control pills and emergency contraceptives in states with the most restrictions on abortion. South Carolina has one of the country’s strictest, prohibiting abortions at six weeks of pregnancy. Many women’s health centers, including abortion clinics where women had often gotten their birth control, closed after the Dobbs decision. New Morning attributes its success, in part, to tapping the power of primary care providers who aren’t usually trained in providing birth control. Following the Dobbs decision, women across the country have had to scramble to access birth control or search for longer-term solutions.
Persons: Roe, Wade, Dobbs, , Angie Olawsky, Olawsky, Sarah Kelley, Kelley, Megan Kavanaugh, Beverly Miller, ” Miller Organizations: NBC, OB, Morning, Guttmacher Institute, Inclusive Healthcare Center, Locations: New, Columbia , South Carolina, South Carolina, KFF, Horry County , South Carolina
Heat is the leading cause of climate-related deaths in the country, but knowing how deadly it is? A study from Texas A&M, however, projects the actual number could be four times greater, with approximately 11,000 Americans dying from extreme heat last year. A new pilot program in California is in the works to create a revamped heat warning system. Turner says we can get a better understanding of how extreme heat is affecting us as it’s happening, which could create more immediate heat protocols to protect people at home, at schools and at work. Los Angeles, which has its own Heat Officer, and Los Angeles County are expected to soon release Heat Action Plans.
Persons: ” V, Kelly Turner, Turner, ” Turner, Jennifer Vanos, Organizations: Disease, Urban Planning, UCLA, Luskin Center for Innovation, School of Sustainability, Arizona State University, Extreme, Resilience, NOAA Locations: California, Texas, Los Angeles, Los Angeles County, United States
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