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☆ A notorious market bear who called the 2000 and 2008 crashes shares 3 charts revealing striking similarities between today's market and the most extreme bubbles — and warns of 50-70% downside for the
▼ + stars: | 2024-06-29 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

"In contrast, current valuation extremes imply potential downside risk for the S&P 500 on the order of 50-70% over the completion of this cycle." JPMorgan's Marko Kolanovic expects the S&P 500 to fall to 4,200, while more extreme forecasts include Jeremy Grantham's estimate in the low 3,000s. And as the stock market ground mostly higher, he persisted with his doomsday calls. He predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009. The S&P 500, by comparison, is up about 26% over the past year.

Persons: —, Jonathan Golub, Count John Hussman, Hussman, Hussman's, Morgan Stanley's Mike Wilson, Piper Sandler's Michael Kantrowitz, JPMorgan's Marko Kolanovic, Jeremy Grantham's Organizations: Service, UBS, Business, Hussman Investment Trust, New York Stock Exchange, Investor Intelligence

☆ Analysis: Trump relishes a winning streak on the debate stage and in the courts
▼ + stars: | 2024-06-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Washington CNN —Donald Trump used to tell his fans that he’d win so much, they’d get tired of winning. The ex-president’s lawyers are already signaling they will seek to get evidence tossed and obstruction counts against the ex-president dismissed. The court released its decision ahead of an even more critical case that will bear more directly on Trump’s criminal entanglements. A second 2020 election case, in Georgia, is also stalled – partly over a controversy and appeals process triggered by a relationship between District Attorney Fani Willis and a prosecutor she appointed. Trump is only three years younger than Biden and often lapses into gibberish in campaign events.

Persons: Washington CNN — Donald Trump, they’d, Joe Biden’s, Trump, ” Trump, Jack Smith, Aileen Cannon, Cannon, –, Fani Willis, Juan Merchan, it’s, Biden, Biden’s, he’s, ”, overstepped, Smith, CNN’s Paula Reid, ’, ” Cannon Organizations: Washington CNN, Trump, America, “, Justice Department, Capitol, Republican, WIN, White, Republican National Convention, Biden, Justice, Trump . Trump’s Locations: Atlanta, Virginia, Florida, Lago, Georgia, New York, Milwaukee , Wisconsin

☆ Record summer travel is starting. What it means for airline fares and flight delays
▼ + stars: | 2024-06-28 | by ( Kaya Ginsky | ) www.cnbc.com time to read: +8 min

Mario Tama | Getty ImagesSummer air travel is expected to soar in the United States. Last summer, a record-breaking summer for airports, there were air traffic jams and near collisions amid challenges in flight coordination. Based on air traffic patterns and airport density, New York City and Florida are subject to the highest risk of backups. "There is still a shortage of air traffic controllers, but it hasn't led to the worst outcomes that we were expecting when we were talking about the shortage of air traffic control workers even a year ago." With production delays, airlines pay billions to fly less fuel-efficient and more costly and aged jets.

Persons: DAL AAL, Mario Tama, —, Ed Bastian, CNBC's, Robert Isom, Guy, Clint Henderson, Henderson, They've, hasn't Organizations: Los Angeles International Airport, Getty, Transportation Security Administration, TSA, Boeing, weren't, Delta Air, American, Federal Aviation Administration, Atmospheric Administration, Midwest, Goods, United Airlines, American Airlines, ATC, Independence, Customs, Flyers, FAA, Airbus, Labor, Southwest Airlines Locations: Los Angeles , California, United States, East Coast, U.S, New York City, Florida

☆ Mt. Everest is an 'amateur' climb compared to these other peaks, according to a professional mountaineer
▼ + stars: | 2024-06-28 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +5 min

K2 "has been called the mountaineer's peak, whereas Everest has become more of an amateur climber's peak," he added. In 2023, roughly 600 climbers summited Mt. The average cost to climb Everest in 2024 was about $55,000, according to pricing data from ExpedReview. Everest, Mt. AdvertisementEven though Everest is the tallest of these three mountains, it's not the most challenging to climb, Madison said.

Persons: —, Garrett Madison, He's, it's, LAKPA SHERPA, Alan Arnette, Arnette, Jake Meyer, It's, Madison Organizations: Service, K2, Business, Everest, Everest Mountaineers, Getty, Magazine, PBS, Madison Locations: Everest, Nepal, Everest's, Kathmandu, Mt, Madison, ExpedReview, Lhotse, Nuptse, it's, It's

☆ A summer wave of Covid-19 has arrived in the US
▼ + stars: | 2024-06-28 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +6 min

CNN —Covid-19 levels have been rising in the United States for weeks as new variants drive what’s become an annual summer surge. That’s enough time to offer protection during the winter respiratory virus season but probably after this summer’s wave has ebbed. On Thursday, the CDC recommended that everyone ages 6 months and older receive an updated Covid-19 vaccine for the 2024-25 season. Unlike flu and RSV, Covid-19 is constantly circulating; it doesn’t offer a reprieve. The changes are meant to “simplify RSV vaccine decision-making for clinicians and the public,” the agency said.

Persons: CNN —, ”, Robert Hopkins, ” Hopkins, Marlene Wolfe, “, Dr, Jerry Weir, Marcus Plescia, Plescia, Sanjay Gupta, ” CNN’s Jen Christensen Organizations: CNN, US Centers for Disease Control, CDC, National Foundation for Infectious Diseases, Stanford University, Emory University, Emory, WastewaterSCAN, FDA, Viral Products, Vaccines Research, FDA’s, Biologics, Association of State, Territorial Health, CNN Health Locations: United States, —, Covid

☆ Mount Halla: Soup broth harming South Korea’s highest mountain, warn officials
▼ + stars: | 2024-06-27 | by ( Lilit Marcus | Gawon Bae | ) edition.cnn.com time to read: +2 min

CNN —South Korea’s highest mountain is facing environmental damage from an unexpected source – instant noodles. Mount Halla, measuring 1,947 meters (1.2 miles) tall, is the country’s highest mountain and located on popular vacation destination Jeju Island. Mount Halla is part of the UNESCO-listed Jeju Volcanic Island and Lava Tubes heritage site. Last year, 923,680 people visited the mountain, according to government statistics. According to Korean media, ramyun is now offered for sale at the top of the Matterhorn, the Alpine peak in Switzerland.

Persons: Mount Halla, ramyun Organizations: CNN, South, Office, Mount, Mount Halla, UNESCO Locations: South Korea, Switzerland

☆ Here's what's next for bitcoin after the cryptocurrency returned to $60,000 this week
▼ + stars: | 2024-06-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin is testing a key level once again after the cryptocurrency fell below $60,000 this week for the first time since May 3. "There's key support at $57,500, the 200-day average, down to $56,500, the May low — and a downside breach would be damaging." It is currently suffering from a lack of near-term catalysts, low demand for bitcoin exchange-traded funds and miners' selling of bitcoin. BTC.CM= 6M mountain Bitcoin this year If bitcoin fails to hold $57,000, Wald added, $49,000 would become its next key downside level. Until then, "I always side with trend, meaning I'd assume the rising 200-day average holds.

Persons: Oppenheimer, Ari Wald, Bitcoin, bitcoin, Wald, David Keller, bitcoin's, Keller, Tom Fitzpatrick, R.J, O'Brien Organizations: Metrics, NASDAQ

☆ Travelers could see higher fares, fewer available seats as Airbus cuts number of planes it expects to make this year
▼ + stars: | 2024-06-25 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Airbus cut its target for how many planes it expects to make this year and next, citing supply chain issues. The tighter-than-expected supply of jets is forcing airlines to adjust their expansion plans, even as they deal with record demand for air travel. That means that passengers could find fewer available seats and fares that are higher than they would be otherwise. But airlines that use Airbus planes have not been without problems, as a number of A320neo jets have been grounded due to problems with their engines. Airfares were down 13% to nearly 19% from those 2022 peaks during the summer travel months last year, as the number of available seats on planes rose by about 15% from a year earlier.

Organizations: New, New York CNN, Airbus, Boeing, Max Alaska Air, Monday Airbus, TSA, Consumer, Bureau of Transportation Statistics Locations: New York, Paris

☆ CNN reveals America’s Best Towns to Visit in 2024
▼ + stars: | 2024-06-24 | by ( Cnn Travel | ) edition.cnn.com time to read: +9 min

Video Ad Feedback See how this town gets the most fun out of one of the biggest lakes in the world 02:00 - Source: CNN America's Best Towns to Visit 2024 10 videos Video Ad Feedback See how this town gets the most fun out of one of the biggest lakes in the world 02:00 Now playing - Source: CNN Video Ad Feedback See why Dolly Parton — and the insects she sang about — are so important to this town 01:42 Now playing - Source: CNN Video Ad Feedback Is this the most family friendly town in the country? A CNN reporter takes his daughter to find out 01:57 Now playing - Source: CNN Video Ad Feedback Why this town is one of the country’s most underrated music meccas 02:02 Now playing - Source: CNN Video Ad Feedback Why this first-of-its-kind city has some of the most amazing skies you’ll ever see 02:00 Now playing - Source: CNN Video Ad Feedback Every room in this hotel has a wildly different theme. It’s a feast for the eyes 02:02 Now playing - Source: CNN Video Ad Feedback From sea to sandwich: in search of the best lobster roll ever 02:00 Now playing - Source: CNN Video Ad Feedback Here’s where you can snowshoe, hike an island, blow glass and shuck oysters – all in the same day 02:00 Now playing - Source: CNN Video Ad Feedback How to visit Venice, Italy — without leaving the US 02:01 Now playing - Source: CNN Video Ad Feedback Museums, murals and wine: Why Richmond is America’s best town 02:02 Now playing - Source: CNN See More VideosCNN —You’ve elbowed into the Empire State Building, admired the architecture along the Chicago River and huffed and puffed up and down the streets of San Francisco. At CNN Travel, we tapped our network of contributors for nominations for our inaugural list of America’s Best Towns to Visit. High scores: Dark skies, outdoor activities, scenery, retro vibeSunny days and starry nights are big draws in this high-elevation city.

Persons: Dolly Parton —, Frederik Meijer, Ai Weiwei, Peter McDaniel, Michigan’s, James Beard, You’ll, Dale Chihuly, Virginia –, ” –, it’s, Marnie Hunter, Forrest Brown Organizations: CNN, Empire, CNN Travel, Lake Superior, University of Tennessee, Nashville, Sculpture, Beer, San, Lowell Observatory, Golden State, San Luis Obispo, SLO, Puget Sound, Rainier, Tacoma, of, Rhode Island School of Design, Richmond, Richmond Folk Festival Locations: Venice, Italy, Richmond, Chicago, San Francisco . Big, United States, downtowns, Lakes, Duluth, Amity, Knoxville, Tennessee, Memphis, Grand Rapids, Beer City, Grand, Macon, Flagstaff, San Francisco Peaks, California, Southern California, Golden, San Luis, Puyallup, Virginia

☆ Hooters closes dozens of restaurants
▼ + stars: | 2024-06-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Hooters is the latest chain to close dozens of locations across the United States, blaming tough economic challenges including rising food and labor costs. “Like many restaurants under pressure from current market conditions, Hooters has made the difficult decision to close a select number of underperforming stores,” a spokesperson told CNN. In that time prices ticked up 0.2% at limited service spots, which include fast casual and fast food joints. The increases, particularly in fast food prices, have caused customers to pull back on spending and complain online, eroding the sector’s reputation for affordability. It’s not just Hooters feeling the financial brunt from cash-conscious customers: Applebee’s, TGI Fridays, Boston Market, California Pizza Kitchen and bankrupt Red Lobster have all recently closed restaurants.

Persons: Danielle Wiener, Bronner Organizations: New, New York CNN, Hooters, CNN, Bureau of Labor Statistics, Boston Locations: New York, United States, Florida , Kentucky, Rhode Island , Texas, Virginia, Boston Market, California

☆ An overload of warning signals mark the 'last straw' that could send the S&P 500 plunging 70%, famed permabear says
▼ + stars: | 2024-06-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

A high concentration of warning signals suggest a major market correction ahead, John Hussman said. AdvertisementA growing tally of ringing market alarms suggest the S&P 500 has at last reached its speculative peak, permabear John Hussman wrote on Monday. He predicted in 2000 that the S&P 500 would likely see negative total returns over the following decade, which it did. He predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009. The S&P 500, by comparison, is up significantly over the period.

Persons: John Hussman, —, Hussman Organizations: Service, Hussman Investment, Dow

☆ A list of the songs vying to be 2024’s summer anthem
▼ + stars: | 2024-06-21 | by ( Scottie Andrew | ) edition.cnn.com time to read: +9 min

It was easier even a decade ago to settle on the song of the summer. Now that summer has officially started, sample these musical confections and decide for yourself — what’s destined to become the song of summer 2024? Daniel Boczarski/Getty ImagesNot Like Us, Kendrick Lamar Credit: Kendrick Lamar, under exclusive license to Interscope RecordsHere’s a song of the summer that breaks all the rules. ‘A Bar Song (Tipsy),’ ShaboozeyShaboozey mashes up pop-country with the 2004 club classic "Tipsy" on his mournful yet singable hit, "A Bar Song (Tipsy)." Still, lyrics about dragging your increasingly drunk self from bar to bar in a desperate attempt to shed the stress of your 9-to-5 are not unrelatable.

Persons: it’s, Mike Errico, New York University’s, Errico, Sabrina Carpenter Sabrina Carpenter, Nina Westervelt, Sabrina Carpenter, “, Billie Eilish, Billie Eilish's, Arturo Holmes, Eilish, —, Randy Holmes, Tinashe’s, Janet Jackson, factly, Babe, ’ Chappell Roan Chappell Roan, Stephen J, Cohen, Chappell, ”, Kate Bush, Cyndi Lauper’s, Roan fantasizes, Roan didn’t, ’ Tommy Richman, Tommy Richman, Johnny Louis, Richman, ’ Kendrick Lamar, Kendrick Lamar, Drake, Daniel Boczarski, — Lamar, It’s, Lamar, Brett Carlsen, Carter, Shaboozey Organizations: CNN, New York, Davis, Island Records, UMG, Inc, Interscope, Disney, Life, Amusement Records, Getty, Tommy Richman Credit, Concord, Kendrick Lamar Credit, Interscope Records, Lamar, American Locations: New, TikTok, British, singalongs, Chappell Roan, LA, Nashville

☆ Nvidia’s shares are on fire. The broader stock market looks less rosy
▼ + stars: | 2024-06-21 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Nvidia’s eye-popping gains this year have helped propel the stock market to repeated record highs. Can Nvidia’s blockbuster gains continue, and what does its outsized market cap mean for the stock rally? Now everyone says, “the market is dependent on Nvidia’s earnings.” You’re going to see a kind of a shift in market cap over the years. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market.”Still, mortgage rates remain higher than anything seen in the decade before 2022, the year the Federal Reserve began to raise interest rates to combat inflation. The Fed doesn’t directly set mortgage rates but its actions do influence them through the benchmark 10-year US Treasury yield, which moves in anticipation of the Fed’s policy moves.

Persons: OpenAI’s, Bell, Christopher Barto, ” You’re, Bryan Mena, Freddie Mac, ”, Sam Khater, Freddie Mac’s, don’t, Read, Ilya Sutskever, Clare Duffy, Sutskever, Geoffrey Hinton Organizations: CNN Business, Bell, New York CNN, Nvidia, Microsoft, Fort Pitt Capital Group, Apple, Meta, Google, Amazon, “, Federal Reserve, Treasury, Superintelligence Inc, SSI Locations: New York

☆ Bitcoin's recent weakness signals an imminent S&P 500 correction, according to Stifel
▼ + stars: | 2024-06-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin's recent weakness could be signaling an upcoming correction in stocks, according to Stifel's chief equity analyst Barry Bannister. On Thursday, the S & P 500 briefly touched 5,500 for the first time after notching its most recent record close earlier in the week. "Weakening bitcoin … signals an imminent S & P 500 summer correction and consolidation phase," he said. "With the S & P 500 now at the very high end (2 sigma) of bitcoin post-peak cycle overlays since 2011, we have yet another strong signal that an imminent S & P 500 correction is possible." "Past bubbles since the 19th century indicate the S & P 500 could well rise to ~6,000 at year-end 2024 and then round trip to near where 2024 began five quarters later, by ~1Q26 (S & P 500 ~4,800)."

Persons: Barry Bannister, Bitcoin, Bannister, CNBC's, it's, Stifel Organizations: Nvidia, Nasdaq

☆ I quit bartending at Twin Peaks to start my marketing career. Within 3 years, I was a CMO earning double my former income.
▼ + stars: | 2024-06-20 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +5 min

AdvertisementWhen I first started working at Twin Peaks, I was young and extremely shyI was grateful for my first few years at Twin Peaks. The Twin Peaks in Tennessee, where I worked, valued the size of my pants over my work ethic. I also briefly worked at a Twin Peaks location in Florida, and it was the same. I started at StaySense 2021I was hired and started a marketing internship at StaySense in the summer of 2021. My only regret is not leaving my service industry job sooner to start my marketing career.

Persons: —, Brittany Betts, It's Organizations: Service, StaySense, Guesty, Business, Hooters Locations: Nashville, Twin, Tennessee, Florida

☆ A climber who summited the world's tallest peaks explains how he trains by keeping his body in Everest-mode
▼ + stars: | 2024-06-19 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +5 min

Read previewGarrett Madison has built a career on risking his life to stand atop the world's tallest peaks. Everest, oxygen is scarce. Lack of oxygen causes the body to produce more red blood cells, which carry oxygen from the lungs to the rest of the body. AdvertisementHow you can whip your body into Everest shapeIt's best to train for a high-altitude climb outdoors on hilly terrain. His company, Madison Mountaineering, has even created a training guide that can help whip your body into shape for an Everest-level climbing expedition.

Persons: —, Garrett Madison, I'm, Madison, michelangeloop, he's Organizations: Service, Business, Madison, Everest, Madison Mountaineering Locations: Everest, summiting Mt, Lhotse, Nuptse, Madison, Washington

☆ Oil steady amid US stock build but jitters abound
▼ + stars: | 2024-06-19 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were little changed on Wednesday, staying close to their highest levels in seven weeks as the market weighed concerns over escalating conflicts against demand worries following an unexpected rise in U.S. crude inventories. U.S. West Texas Intermediate crude was down 20 cents to $81.37 per barrel. U.S. crude stocks rose by 2.264 million barrels in the week ended June 14, market sources said on Tuesday, citing American Petroleum Institute figures. However, gasoline inventories fell by 1.077 million barrels, while distillates rose by 538,000 barrels, the sources said, speaking on condition of anonymity. China data this week showed May industrial output lagged expectations, but retail sales, a gauge of consumption, marked their quickest growth since February.

Persons: Ricardo Evangelista, Israel Katz, Jun Rong Organizations: Brent, . West Texas, American Petroleum Institute, Reuters, U.S . Energy, Administration, Hezbollah, U.S, IG Locations: Ukrainian, Russian, East, Israel, Iran, China, Singapore

☆ Justin Timberlake in police custody in New York for alleged DWI
▼ + stars: | 2024-06-18 | by ( Zenebou Sylla | Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Justin Timberlake was arrested last night in Sag Harbor, New York for allegedly driving while intoxicated, a spokesperson for Sag Harbor Police told CNN. Timberlake has a court appearance this morning, a spokesperson for Sag Harbor Justice Court told CNN. Timberlake left the American Hotel in the area shortly before he was arrested, according to a source with knowledge of the matter. Over the weekend, Timberlake wrote a tribute to his two sons and shared his plans for Father’s Day in a post Instagram. Thank you for giving me my biggest purpose,” Timberlake wrote.

Persons: Justin Timberlake, Timberlake, ” Timberlake, Dad, Jessica Biel, Silas, Phineas Organizations: CNN, Sag Harbor Police, Sag Harbor Justice Court, Hamptons, American, Police, United Center Locations: Sag Harbor , New York, Sag, Long, Chicago

☆ A team of climbers just summited 3 of the most challenging peaks in the world. They made it even harder by collecting roughly 2,000 pounds of trash along the way.
▼ + stars: | 2024-06-18 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +7 min

These three peaks — Mt. Everest, Mt. Professional mountaineer Garrett Madison has achieved the Everest triple crown not once, but twice — first in 2023, the deadliest Everest climbing season on record, and again this year. Plus, the climbers have to carry extra protective equipment like gloves and packages for transporting the trash down the mountain. Madison's cleanup project partners with both of these organizations in a united front against trash pollution on the world's tallest peaks.

Persons: —, Garrett Madison, he's, we've, Madison, PRAKASH MATHEMA, Everest haven't, Troy Aupperle, summitted, Aupperle, PIERRE BESSARD, it's, Alton Byers, Byers, It's Organizations: Service, Business, Madison, DOMA, Everest, Pollution Control Locations: Everest, Mt, Lhotse, Nuptse, microplastics

☆ David Zervos: The key policy differences between Trump and Biden and what they mean for markets
▼ + stars: | 2024-06-18 | by ( David Zervos | Jefferies Chief Market Strategist | ) www.cnbc.com time to read: +6 min

By no means am I interested in tackling any impact policy differences may have upon non-market related subjects. Monetary policy So let's begin with monetary policy. Fiscal policy Now let's turn to fiscal policy. Trade policy Trade policy is easy. Regulatory policy Finally, the big kahuna, regulatory policy.

Persons: Donald Trump, Joe Biden, Clinton, Christopher Waller, Michelle Bowman —, Jerome Powell, Janet Yellen, Powell, Biden, Lisa Cook, Philip Jefferson, Bill Dudley's, Covid, Trump, Cato, Stocks Organizations: Trump, Federal Reserve, Fed, Trump Fed, Bloomberg, Democratic, Heritage, AEI, Biden Locations: China

☆ Bank of America's clients are increasingly worried about a stock market peak. Here are 10 indicators to identify a top — and the best investing approach for when it unfolds.
▼ + stars: | 2024-06-17 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

So that's what the bank did, listing 10 signals that they found to be most reliable, as well as the best investing approach for a market peak. The index has reached 110 within the six months preceding every market peak since July 1990, and in January 2024, it reached 111. ValuationElevated stock valuations are also telling of a market peak, but Bank of America's indicators relating to P/E ratios aren't currently triggered. A third macroeconomic indicator, Bank of America's Credit Stress Indicator (CSI), is not triggered. It often drops below 0.25 within six months of a market peak, but sits at 0.39.

Persons: —, Savita Subramanian, America quantifies Organizations: Service, Bank of America, Business, Conference, Bank of America Investor, Bank, America, The Conference Board, SSI, Wall Street, of America's, CSI Locations: today's

☆ Ernest Shackleton’s Quest shipwreck has finally been found
▼ + stars: | 2024-06-15 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Editor’s note: A version of this story appeared in CNN’s Wonder Theory science newsletter. Polar explorer Sir Ernest Shackleton and his crew of 27 men set off aboard the HMS Endurance in 1914. A search expedition found the HMS Endurance wreck in 2022, and now, another part of Shackleton’s legacy has been recovered. Central Press/Hulton Archive/Getty ImagesAn international team of experts using sonar has located the exploration ship Quest, once captained by Shackleton, off the coast of Canada. — A botanist spotted a tiny plant species new to science growing in an unlikely place on the slopes of the Andes.

Persons: Sir Ernest Shackleton, Shackleton, Freeman Dyson, Dyson, George Wittemyer, ”, Mickey Pardo, ritualistically, Chichén Itzá, “, Adomas Valantinas, Ashley Strickland, Katie Hunt Organizations: CNN, HMS, Quest, Central Press, Hulton, Cornell University, Olympus, ESA, Brown University, NASA, CNN Space, Science Locations: Antarctica, South Georgia, Canada, Kenya, Chichén, Yucatán, Everest, England, Australia

The severe downpours have also left 2,400 tourists stranded in the northeastern Indian state of Sikkim. Six people died in India’s Sikkim state and another four died from a landslide in neighboring Nepal’s Koshi province, according to officials. Bordered between Bhutan and Nepal, the northeastern state of Sikkim is known for its scenic Himalayan landscapes, boasting 28 mountain peaks, 21 glaciers and more than 200 lakes. The mountainous terrain of northeastern India is prone to landslides. ANI/ReutersChettri said approximately 2,400 tourists are stranded in various tourist spots in the state after landslides covered roads with debris and heavy rainfall damaged some bridges.

Persons: “, Hem Kumar Chettri, Chettri, ” Organizations: CNN, India’s Meteorological Department, Neighboring Locations: India, Nepal, Indian, Sikkim, Six, India’s Sikkim, Nepal’s Koshi, Bhutan, Government, Kalimpong, West Bengal, Neighboring West Bengal, Delhi

☆ Maker of Jeep and Dodge plans to kill chrome on cars, citing risks to those who make it
▼ + stars: | 2024-06-14 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

Southern California boasts the highest concentration of chrome plating shops in America and regulators in that state have been requiring those methods for years. But California is now moving toward an outright ban on chrome plating using hexavalent chromium while offering funding for chrome platers to transition to other methods. In 2019, green slime oozing out onto a highway near Detroit was found to be hexavalent chromium leaking from a nearby business. “We are also using light as the new chrome,” VW said in a statement shared with CNN. “Chrome peaked in the ’50s with the big American land yachts and stuff with giant chrome bumpers and giant chrome grills.

Persons: CNN —, It’s, ”, Leslie Kendall, Stellantis, it’s, Ralph Gilles, Gilles, Christian Richter, “, ” Gilles, ‘, ’, Bentley –, VW, Peter Valdes, Petersen, Kendall, we’ve Organizations: CNN, Petersen Automotive Museum, Fiat, Maserati, California Air Resources Board, Chrysler, Occupational Safety, Health Administration, National Association, EPA, OSHA, Chrysler Pacifica, Chrysler Pacifica Limited, Volkswagen, VW Group, Audi, Bentley, VW, “ Locations: Los Angeles, United States, Europe, Southern California, America, California, Detroit, Michigan, NASF

☆ OPEC calls for more fossil fuel investment to prevent shortfall, dismisses peak oil demand prediction
▼ + stars: | 2024-06-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

The head of OPEC said Thursday the world will need to invest in fossil fuels for decades to come in order to prevent an energy shortage, dismissing predictions that oil demand will peak in the near future. The OPEC chief called for "continued oil industry investment, today, tomorrow, and many decades into the future given the products derived from crude oil are essential for our daily lives." Oil supply capacity will rise to 114 million per day by 2030, 8 million barrels more than global demand, according to the IEA. Deutsche Bank and Citi, however, see OPEC coming under pressure in the coming years. Citi analysts see a substantial oil surplus in 2025 as production keeps growing in North America, Brazil and Guyana, while demand slows due to energy efficiency improvements and electric vehicle adoption.

Persons: Haitham Al Ghais, Al Ghais, Fatih Birol, OPEC's Al Ghais, Helima, Croft, I'm, Robert McNally, McNally, EVs, Michael Hsueh Organizations: OPEC, International Energy Agency, IEA, IEA ., RBC Capital Markets, Rapidan Energy, Deutsche Bank, Citi, Brent Locations: China, India, North America, Europe, Northeast Asia, Asia, U.S, OPEC, Brazil, Guyana

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