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☆ Domino's stock tumbles 10% as delivery problems persist
▼ + stars: | 2023-02-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

“We experienced significant pressure on our U.S. delivery business in 2022,” CEO Russell Weiner wrote in a statement discussing financial results Thursday. Domino's said its delivery business struggled last year. “Every day, delivery customers will be deciding where to spend their hard-earned dollars. And it raised the price of its “mix and match” deal for delivery orders, but not carryout. And while staffing has improved somewhat, “there is more work to do on staffing that part of the business,” Weiner said of delivery.

☆ Why a U.S. national electric grid would be great for the climate — and is nearly impossible
▼ + stars: | 2023-02-22 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +15 min

But the energy grid in the U.S. has developed over decades as a patchwork of thousands of individual utilities serving their own local regions. The Department of Energy is in the process of conducting a National Transmission Planning Study,to look into all of this. "Many mid-U.S. states have excellent wind resources, and the southwest U.S. has excellent solar resources, but the population is insufficient to use them," McCalley told CNBC. Finally, improved energy sharing would also lead to a more reliable energy grid for consumers. At the kickoff for its next round of transmission planning, MISO had a three hour planning meeting with 377 people in the meeting.

☆ Why it's so hard to build new electrical transmission lines in the U.S.
▼ + stars: | 2023-02-21 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +14 min

Building new transmission lines in the U.S. takes so long — if they are built at all — that electrical transmission has become a roadblock for deploying clean energy. Energy companies that build new transmission lines need to get a return on their investment, explains James McCalley, an electrical engineering professor at Iowa State University. "Someone that benefits more frequent transmission line will pay more than someone who benefits less from a transmission line." transmission lines, energy grid, clean energyGreat River Energy and Minnesota Power are in the early stages of building a 150-mile, 345 kilovolt transmission line from northern to central Minnesota. Engaging with all members of the respective community is a necessary part of any successful transmission line build out, Patel and Johnson both say.

☆ Why America's outdated energy grid is a climate problem
▼ + stars: | 2023-02-17 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +5 min

'A double whammy': Age and locationWind resources in the United States, according to the the National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy. National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy. That's especially true for tapping into the highest quality of wind energy, explained Princeton professor Jesse Jenkins, a macro-scale energy systems engineer. Solar resources in the United States, according to the the National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy. National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy.

☆ Deadly ice storm rages in Texas, causing travel chaos and outages
▼ + stars: | 2023-02-01 | by ( Chantal Da Silva | ) www.cnbc.com time to read: +4 min

Abbott held a meeting and news conference in preparation for the winter storm that is sweeping across portions of Texas. That evening, a 49-year-old woman died after the 1997 Chevrolet Silverado she was driving struck a tree near Eldorado, Texas, according to the Texas Department of Public Safety. Dangerous roads and flight cancellationsThe storm has caused widespread travel chaos both on the roads and at airports this week. Sweeping power outagesResidents across Texas have also faced power outages in the midst of the storm. Public Utility Commission Chairman Peter Lake told Texans to contact their local power providers if winter weather and icing conditions caused local power outages.

☆ Trump's return to Instagram and Facebook could doom Truth Social
▼ + stars: | 2023-01-27 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Truth Social only just became available on Androids in October. Trump's return to social media spells doom for Truth Social. After the Capitol insurrection, former president Donald Trump was banned from a slew of social media platforms. Trump is contractually required to post on Truth Social before making the same post on another site for six hours. My colleague Beatrice Nolan breaks down the future of Truth Social and what it means for Trump's supporters.

We're buying 50 shares of Caterpillar (CAT) at roughly $246.41 apiece. Following Thursday's trade, Jim Cramer's Charitable Trust will own 105 shares of Caterpillar, increasing its weighting in the portfolio to about 0.9% from roughly 0.47%. We're taking the funds we raised Wednesday through our trim of Qualcomm (QCOM) into strength to slowly scale into our newest position , Caterpillar . The industrial giant is the world's leading manufacturer of construction-and-mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Analysis: Southwest got billions of dollars in taxpayer aid. Why is its service still a mess?
▼ + stars: | 2022-12-28 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

Southwest Airlines received more than $7 billion from that program. However, analysts say, Southwest’s service meltdown is unrelated to the taxpayer assistance the airline received in 2020. Cancelled Southwest Airlines flights are seen on the flight schedules at LaGuardia Airport, Tuesday, Dec. 27, 2022, in New York. In April 2020, airline passenger traffic plummeted 96% and stayed 60% below 2019 levels in 2020, according to the US Government Accountability Office. “The problems at Southwest Airlines over the last several days go beyond weather,” she said in a statement.

☆ Southwest canceled 2,700 flights in one day, accounting for 84% of all US cancellations and dwarfing the 102 axed by the airline in 2nd place
▼ + stars: | 2022-12-28 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Southwest Airlines has cut around two-thirds of flights scheduled "for the next several days." The airline canceled 2,694 flights on Tuesday. The Dallas-based airline canceled 71% of its schedule – or 2,909 flights – on Monday, according to FlightAware. TWU Local 556, which represents Southwest flight attendants, blamed the meltdown partly on the airline's failure to modernize operations. ET on Wednesday, Southwest had canceled 62% of its schedule for that day, or 2,506 flights, per FlightAware data.

☆ Why egg prices are still going up
▼ + stars: | 2022-12-27 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

But nothing comes close to the rise in egg prices. In the year through November, not adjusted for seasonal swings, egg prices jumped 49%, according to data from the Bureau of Labor Statistics. Wholesale prices hit a recordAvian flu has been a problem in the US for several months now, but in recent weeks wholesale prices have been hitting records. The supply squeeze isn’t the only thing contributing to higher egg prices, said Metz. Friday’s wholesale prices were the same as Thursday’s, the first time pricing held steady since October, she said.

The Amex airline incidental fee credit can reimburse you for qualifying fees on one airline you select from a list of eight US carriers. One of the most valuable benefits offered by premium American Express cards like The Platinum Card® from American Express , The Business Platinum Card® from American Express , and Hilton Honors American Express Aspire Card is a yearly airline incidental fee credit. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. What qualifies for the Amex airline fee credit? What to do if you haven't used all your Amex airline fee creditsSome people still aren't traveling as much as they used to, so cardholders might find themselves unable to use all of their Amex airline fee credits right now.

☆ Procrastinators, rejoice: Super Saturday is here and it could bring major discounts to shoppers
▼ + stars: | 2022-12-17 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +4 min

Super Saturday, the last Saturday before Christmas, could draw a record 158 million shoppers. But shoppers who take advantage of that extra time to buy are in for another treat: major discounts. "Retailers staring down time-limited inventory surpluses will do whatever they can to liquidate before the holiday season has expired." Shoppers could see major discounts on Super SaturdayBrandon Bell/Getty ImagesMajor retailers have been lamenting their inventory positions throughout 2022. The supply chain challenges that squeezed retail brands last holiday season have subsided, leaving a pandemic-induced hangover in their wake.

☆ Student loan forgiveness could fall through for 30 million borrowers. If it does, consider these 4 relief options
▼ + stars: | 2022-12-12 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Defer payments (once they resume)The pandemic-era policy suspending federal student loan payments and the accrual of interest is still active. Those are the ideal ways to postpone your federal student loan payments, because interest doesn't accrue. Use the Public Service Loan Forgiveness programThe Biden administration has recently made a number of improvements to the Public Service Loan Forgiveness program, which allows those who work for the government and certain nonprofits to get their debt cleared after a decade of payments. To reach forgiveness, you need to have made 120 qualifying, on-time payments in an income-driven repayment plan or the standard repayment plan. Lenders will likely be overwhelmed when they have to begin collecting loan payments from tens of millions of people again.

☆ Young voters propelled Raphael Warnock to victory in the Georgia Senate runoff, but the work to boost their political engagement continues: 'We're not stopping here'
▼ + stars: | 2022-12-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

Sen. Raphael Warnock's runoff victory was driven in large part by his support among young voters. But young voters — with Gen Z and younger millennials flexing their political power — emerged as a critical demographic in the Georgia Senate race. Looking at the Georgia Senate runoff results, what actually happened to get more young voters to the polls? Heightened voter engagementVoters of Tomorrow, a Gen Z-led voter-engagement nonprofit organization, sent 2.5 million calls and texts to young Georgia voters urging them to participate. But it will take continued engagement with young voters to ensure robust participation in the future, especially in non-presidential election cycles.

☆ Raphael Warnock has a 4-point lead over Herschel Walker in the Georgia Senate runoff: poll
▼ + stars: | 2022-12-03 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Warnock has a 50%-46% lead over Walker in the Georgia Senate runoff, per a new SurveyUSA poll. Independents, a critical slice of the Georgia electorate, backed Warnock over Walker by 13 points. In the poll, Warnock enjoyed near-unanimous support (95%) among Democrats, while Walker earned the backing of 87% of Republicans; 11% of GOP respondents crossed party lines to support Warnock over Walker in the survey. Because no candidate received 50% of the vote at the time, a runoff election was triggered. A recent Emerson College Polling survey showed Warnock leading Walker 49%-47% among likely voters, while a new CNN poll had Warnock ahead of Walker 52%-48%, also among likely voters.

☆ Kroger and Albertsons want to create a grocery empire. The last supermarket mega-merger backfired
▼ + stars: | 2022-11-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

With the FTC’s blessing, Haggen, a small supermarket chain in the Northwest with just 18 locations, bought 146 of the former Albertsons and Safeway stores, including the one where Martinez worked. In an weird twist, Albertsons bought back dozens of the same stores it previously sold to Haggen in bankruptcy court — at a lower price. Now she worries Kroger will divest Ralphs as part of its merger with Albertsons in a repeat of the Haggen 2015 deal. To address antitrust concerns that the merger will stifle competition in local markets where they overlap, Kroger and Albertsons plan to divest stores. In 2015, Haggen bought a Vons grocery store (owned by Safeway at the time) in Carpinteria as part of the Albertsons and Safeway divestitures.

Although both were caused by power outages — the boil order when an outage Sunday at a water purification plant caused water pressure to drop, triggering concerns of possible contamination — that's where the similarities end, he said. According to Turner, two transformers failed, causing power outages at the East Water Purification Plant, which he said provides water for much of Houston's 2.2 million residents. The East Water Purification Plant is outside the city, in Galena Park. The entrance to the East Water Purification Plant in Galena Park, outside Houston, on Monday. The city issued the boil water notice in an "abundance of caution" after the main transformer and its backup failed, Turner said.

☆ Republicans want Brian Kemp's mojo to rub off on Herschel Walker in the Georgia Senate runoff, but hurdles remain as the governor uses his political operation to boost the GOP
▼ + stars: | 2022-11-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +10 min

Brian Kemp has emerged as Herschel Walker's most powerful surrogate in the Georgia Senate runoff. Kemp, who won reelection as governor, didn't campaign with Walker during the general election race. This normally wouldn't be a notable act in GOP politics, but the Georgia Senate runoff election is not a normal contest. For that reason, Walker has found himself openly embracing Kemp, who came out of the general election as the biggest winner in Georgia politics. On November 7, Kemp flew around Georgia with most of the statewide GOP candidates — including Raffensperger — but Walker wasn't part of the mix.

“You really need leadership in these local areas to execute on the Inflation Reduction Act to the fullest extent,” Spears said. “This completely opens the pathway for Michigan to lead on clean cars of the future, and that’s really exciting,” Spears said. Climate victories at the local level are also poised to make a big impact. If fully implemented, climate experts have said the Inflation Reduction Act could reduce U.S. emissions by about 40% below 2005 levels by 2030. “So it’s really important to have climate leadership in state and local governments to actually execute on that and make sure it happens well.”

☆ What Cramer is watching Wednesday — retail sales strong, Lowe's delivers, Estee Lauder love
▼ + stars: | 2022-11-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Revenue: $26.52 billion versus $26.38 billion expected. Revenue: $23.48 billion versus $23.13 billion expected. Oppenheimer raises Club holding Estee Lauder (EL) price target to $245 per share $230. Bofa also likes the deal and thinks it will give Estee Lauder $800 million to $1 billion in sales. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ The pro-choice movement is jubilant after the midterms turned the anti-abortion tide
▼ + stars: | 2022-11-13 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +9 min

The midterms proved that voters want to defend abortion access. Smith told Insider that, like many others, while she eagerly awaited the midterm results, the young man popped into her head. Timmaraju told Insider that they'd shifted resources over the summer into getting out the vote. "I think the moral of the story is young voters and women voters saved the day, saved Democrats." Melissa Fowler, the chief program officer of the National Abortion Federation, told Insider that, "Now the country has heard loud and clear that people support abortion access.

PITTSBURGH — President Joe Biden and former President Donald Trump are at the moment their parties’ leading candidates for 2024. But more competitive midterm contests appear poised to inject a host of new prospects into the 2024 conversation for both parties. That governors would already find themselves in the 2024 spotlight comes as little surprise to political observers. “Governors get s--- done, right?” Shapiro said in a recent interview after batting away questions about his own future ambitions. Jared Leopold, a Democratic strategist who formerly worked at the Democratic Governors Association, said Biden is and will remain Democrats’ top choice in 2024.

☆ 5 months after the worst school shooting in Texas history, pro-gun Gov. Greg Abbott easily triumphed in Uvalde County
▼ + stars: | 2022-11-12 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +4 min

Greg Abbott won the race to remain governor just five months after the worst school shooting in Texas. "Unfortunately, 21 people dead doesn't change people's minds," a bereaved relative told the Texas Tribune. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyJust five months after the Robb Elementary School school shooting in Uvalde, the worst school shooting in Texas history, pro-gun Gov. He'd previously accused Abbott of inaction following the Uvalde shooting, saying, "You are doing nothing. "Unfortunately, 21 people dead doesn't change people's minds," said Jazmin Cazares, 17, whose nine-year-old sister, Jacklyn, was killed at the Robb Elementary school shooting, the outlet reported.

☆ Climate advocates win key governors races as Democrats defy 'red wave' in midterm elections
▼ + stars: | 2022-11-10 | by ( Emma Newburger | ) www.cnbc.com time to read: +6 min

This year, state laws could have the greatest implications for climate action since state officials can accelerate their own climate agendas even in a divided Congress, advocates say. Joseph Prezioso | AFP | Getty ImagesClimate action could also move forward in Maryland and Minnesota after environmental victories in those two gubernatorial races. Ahmad Gharabli | AFP | Getty ImagesThe climate victories in gubernatorial races have notable implications for national and local climate policies, advocates say, especially with respect to deploying funding from Biden's climate legislation. Still, climate groups are concerned for provisions within the climate bill if Republicans do seize control of one or both chambers of Congress. Biden, who will attend the summit on Friday, said he is eager to work with congressional Republicans after the midterm elections but emphasized he would not compromise his climate agenda.

Following Wednesday's trade, Jim Cramer's Charitable Trust will own 125 shares of PXD, increasing its weighting in the portfolio to 1.13% from 0.90%. Energy stocks pulled back Wednesday, as oil prices tumbled on the back of a higher-than-expected crude inventory build in the U.S., according to data from the American Petroleum Institute. West Texas Intermediate crude — the U.S. oil benchmark — was trading down more than 2%, at around $87 a barrel. The SPR will also need to be refilled eventually, which should be bullish for oil prices. Elevated energy prices will translate to bountiful free cash flow generation for Pioneer, ultimately leading to very healthy shareholder returns.

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