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☆ 10 cities where millennials are moving
▼ + stars: | 2023-11-27 | by ( Noah Sheidlower | Jordan Pandy | ) www.businessinsider.com time to read: +5 min

One in four millennials moved to a different city in 2022, many for work or cost of living concerns. Nearly 17,300 millennials relocated to Cambridge in 2022, bringing the total percentage of millennials to 38% of the total population. Seattle and Sunnyvale, California, also saw comparable moves, as millennials who moved in 2022 made up about 12.5% of the total population for both cities. When looking at the top cities by percentage of total millennials compared to the total population, Jersey City, New Jersey, ranked first at 41.5%, followed by Seattle, Denver, and Austin. However, Port St. Lucie in Florida had the lowest rate of millennials moving in compared to the total population at 4.8%, followed by Brockton, Massachusetts.

Persons: —, Jaclyn DeJohn, millennials, Millennials, DeJohn, SmartAsset, Gen Xers Organizations: Cambridge, Service, Survey, Business, Harvard University, Massachusetts Institute of Technology, Intel, Nvidia, Lone Star State, Waco, Fort Hood, Fontana Locations: Santa Clara , CA, Seattle, Cambridge , Massachusetts, Santa Clara , California, Boston, Cambridge, Santa Clara, Silicon Valley, Santa Clara's, Georgia, Sandy Springs, Sunnyvale , California, Denver, Bellevue , Washington, Arlington , Virginia, millennials . Arlington, Hialeah , Florida, Arlington, Killeen , Texas, Austin, Jersey City , New Jersey, Port St, Lucie, Florida, Brockton , Massachusetts, Cities, California, Santa Ana, Moreno, Surprise , Arizona, Bend , Oregon, Scottsdale , Arizona, Orlando . Florida

☆ Most Gulf markets in the red on falling oil prices
▼ + stars: | 2023-11-26 | by ( Ateeq Shariff | ) www.reuters.com time to read: +1 min

A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed/File Photo Acquire Licensing RightsNov 26 (Reuters) - Stock markets in the Gulf ended lower on Sunday in response to Friday's fall in oil prices, although the Saudi index bucked the trend to trade higher. Oil - a catalyst for the Gulf's financial markets - fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium. Outside the Gulf, Egypt's blue-chip index (.EGX30) declined 0.8%, with top lender Commercial International Bank (COMI.CA) losing 2%. Saudi Arabia's benchmark index (.TASI) edged 0.1% higher, ending two sessions of losses, helped by a 1.2% rise in Elm Company (7203.SE).

Persons: Joe Biden, Hamad I Mohammed, Ateeq, Louise Heavens Organizations: Bahrain Bourse, U.S, REUTERS, Stock, Qatar Islamic Bank, Industries Qatar, Commercial International Bank, Elm Company, Thomson Locations: Bahrain, Manama, Saudi, Gaza, Qatar, OPEC, Saudi Arabia, Ateeq Shariff, Bengaluru

SAN JOSE, California (AP) — Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The company, based in San Jose, California, announced it planned to move ahead with the deal after China joined the list of countries that had given a go-ahead for the acquisition. Broadcom is paying $61 billion in cash and stock for VMware and taking on $8 billion of its debt, making this one of the biggest technology deals ever. The European Commission, the EU’s executive arm and top antitrust enforcer, cleared the deal after Broadcom made concessions to address its concerns about competition. VMware, which is based in Palo Alto, California, has close relations with every major cloud company and provider, including Amazon, Google and Microsoft.

Persons: Hock Tan, Tan Organizations: JOSE, Broadcom, VMware, Microsoft, Activision, Administration of, European Commission, Amazon, Google, European Union, Symantec, CA Technologies, VMWare Locations: California, San Jose , California, China, Europe, Palo Alto , California, Australia, Brazil, Canada, Israel, Japan, South Africa, South Korea, Taiwan, United Kingdom

☆ 20 metro areas with the highest share of home-price cuts in October, some in the $200,000s — plus 6 aggressive bargains buyers can ask for, according to 2 real-estate experts
▼ + stars: | 2023-11-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

The significant advantage to buyers is negotiating power, and if done right, it could help offset some of those higher mortgage rates. Below is a list of 20 metro areas with the highest share of home sellers dropping their listing prices in October. The data is based on the top 50 most populated areas as defined by the US Census Bureau. If they need to move by a specific date or need that cash, you can offer a quick closing. More than one-third — or 35% — of home sales in the three months ending October 31 included concessions to buyers, according to Redfin.

Persons: Shmuel Shayowitz, It's, Shayowitz, Dottie Herman, Douglas Elliman, Herman, Price Organizations: Competition, Business, US Census Bureau, Orlando, Phoenix, DC Locations: Redfin, Metro, Cincinnati, Indianapolis, Denver, Tampa, Portland, Antonio, Austin, Dallas, Minneapolis, Worth , TX, Jacksonville, Louis, Sacramento, Seattle, WA, Baltimore, Cleveland, Houston, AZ, Kansas City, Washington

☆ I made $34,400 this year selling digital products on Etsy. I only spend an hour a month on it – here's how.
▼ + stars: | 2023-11-21 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

I sell digital products on Etsy. I'm an introvert and I didn't want to become a creatorI figured I could sell templates to other businesses. I'd group my products into bundles so that business could download a range of digital templates for a set price. I started another shop focused on digital products for wedding coordinators in September 2022. I spend around an hour a month on my shops except for periods when I add new products.

Persons: Desiree Sandison, —, I've, I'd, It's, We've, That's Organizations: Business, Disneyland Locations: Vancouver, Canada, Paris

☆ Why Cramer thinks Broadcom stock is down ahead of a key acquisition
▼ + stars: | 2023-11-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

Shares of Broadcom (AVGO) came under pressure Tuesday, as investors likely cashed in after the stock surged to an all-time high. Shares of Broadcom fell more than 1% Tuesday, to around $983.70 apiece. VMWare shares fell around 4.5% Tuesday, to $143.20 each, bringing the company's stock closer to the cash-consideration level spelled out in the merger agreement . As a result of the transaction, Jim argued investors may eventually assign a higher earnings multiple to Broadcom stock, which could help boost its price over time. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, —, Jim, Hock Tan, Jim Cramer's, Justin Sullivan Organizations: Broadcom, Club, VMWare, CA Technologies, FactSet, CNBC Locations: Beijing, China, San Jose , California

☆ U.S. gas prices are falling and could hit the cheapest Thanksgiving day price since 2020
▼ + stars: | 2023-11-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Gas prices at a Chevron gas station in Newhall, CA. The average price of a gallon of regular gas in Los Angeles County rose 4.8 cents today to $5.915, a day after increasing 13.6 cents. The average price has risen 52 times in the last 57 days, increasing 94.3 cents, according to figures from the AAA and Oil Price Information Service. (Photo by Hans Gutknecht/MediaNews Group/Los Angeles Daily News via Getty Images) Hans Gutknecht | Medianews Group | Getty ImagesU.S. drivers can expect the cheapest gas prices on Thanksgiving day since 2020. The average national price for a gallon of gas could hit $3.25 by Thursday, which would be the cheapest price on Thanksgiving day since 2020 when the Covid-19 pandemic crushed demand and gas fell to $2.11 per gallon, according to GasBuddy.

Persons: Hans Gutknecht, Patrick de Haan, de Haan, De Haan Organizations: Chevron, AAA, Oil Price Information Service, MediaNews, Los Angeles Daily, Getty, Medianews, . Gas, GasBuddy, Organization of Petroleum, OPEC Locations: Newhall , CA, Los Angeles County, Southern, Alabama, Arkansas, Georgia , Iowa, Louisiana , Mississippi , Missouri , Oklahoma, South Carolina , Tennessee, Texas, OPEC

☆ Most Gulf markets gain on rising oil prices
▼ + stars: | 2023-11-19 | by ( Ateeq Shariff | ) www.reuters.com time to read: +2 min

REUTERS/Christopher Pike Acquire Licensing RightsNov 19 (Reuters) - Most stock markets in the Gulf ended higher on Sunday in response to Friday's rise in oil prices, with the Saudi index rising for a fourth consecutive session. Oil prices - often a catalyst for the Gulf's financial market - jumped more than 4% on Friday, rebounding from a 4-month low, with U.S. sanctions on some Russian oil shippers lending support. Saudi Arabia's benchmark index (.TASI) gained 0.5%, with oil giant Saudi Aramco (2222.SE) gaining 0.3% and the country's biggest lender Saudi National Bank (1180.SE) advancing 1.5%. In Qatar, the index (.QSI) closed 0.2% higher, helped by a 1% rise in the Gulf's biggest lender Qatar National Bank (QNBK.QA). Outside the Gulf, Egypt's blue-chip index (.EGX30) advanced 2.1%, buoyed by a 3.8% jump in Commercial International Bank (CIB) (COMI.CA).

Persons: Joe Biden, Christopher Pike, Kristalina Georgieva, Ateeq, Alex Richardson Organizations: Dubai Financial, United Arab Emirates, REUTERS, Saudi, Saudi Aramco, Saudi National Bank, Qatar National Bank, Gulf Cooperation Council, U.S . Federal Reserve, International Bank, CIB, Egypt's, European Bank for Reconstruction, Monetary Fund, Reuters, Thomson Locations: Dubai, United Arab, Saudi, Qatar, Israel, Ateeq Shariff, Bengaluru

☆ Former first lady Rosalynn Carter enters hospice care at home, family says
▼ + stars: | 2023-11-18 | by ( Antonio Planas | ) www.cnbc.com time to read: +1 min

LOS ANGELES, CA - FEBRUARY 06: Former President Jimmy Carter (L) and wife Rosalynn Carter arrive at the 2015 MusiCares Person of The Year honoring Bob Dylan at Los Angeles Convention Center on February 6, 2015 in Los Angeles, California. (Photo by Axelle/Bauer-Griffin/FilmMagic)Former first lady Rosalynn Carter, 96, has entered hospice care at home, her family said Friday. Former President Jimmy Carter, 99, is also receiving hospice care at their home in Plains, Georgia. "She and President Carter are spending time with each other and their family," according to a statement from grandson Jason Carter, "the Carter family continues to ask for privacy and remains grateful for the outpouring of love and support." Carter served only one term, after losing to Ronald Reagan in 1980.

Persons: Jimmy Carter, Rosalynn Carter, Bob Dylan, Bauer, Griffin, Carter, Jason Carter, she'd, Gerald Ford, Ronald Reagan Organizations: Los Angeles Convention Center, Axelle, Democrat Locations: ANGELES , CA, Los Angeles , California, Plains , Georgia

☆ Thanksgiving dinner will be cheaper this year as turkey prices slide
▼ + stars: | 2023-11-17 | by ( Jane Wells | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThanksgiving dinner will be cheaper this year as turkey prices slideUS consumers will get some price relief this Thanksgiving. The average cost of a turkey dinner for 10 people will be $61.17, down 4.5% from last year's record of $64.05, according to the American Farm Bureau Federation. Jane Wells reports from a turkey ranch in Sonora, CA.

Persons: Jane Wells Organizations: American Farm Bureau Federation Locations: Sonora , CA

☆ Thanksgiving dinner will be cheaper this year as turkey prices slide, survey shows
▼ + stars: | 2023-11-16 | by ( Jane Wells | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThanksgiving dinner will be cheaper this year as turkey prices slide, survey showsUS consumers will get some price relief this Thanksgiving. The average cost of a turkey dinner for 10 people will be $61.17, down 4.5% from last year's record of $64.05, according to the American Farm Bureau Federation. Jane Wells reports from a turkey ranch in Sonora, CA.

Persons: Jane Wells Organizations: American Farm Bureau Federation Locations: Sonora , CA

☆ Jury convicts David DePape, attacker of Nancy Pelosi husband
▼ + stars: | 2023-11-16 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Former Speaker of the House of Representatives Nancy Pelosi (D-CA) and her husband Paul Pelosi leave after paying respects, as late Democratic U.S. Senator for California Dianne Feinstein's casket lies in state at San Francisco's City Hall, California, U.S., October 4, 2023. A California federal court jury on Thursday convicted David DePape of crimes related to his brutal hammer attack last year on Paul Pelosi, the husband of former House Speaker Nancy Pelosi, in the couple's San Francisco home. Paul Pelosi, 83, suffered a fractured skull in the early morning attack on Oct. 28, 2022, which occurred when Rep. Pelosi was still serving as speaker. DePape had broken into the Pelosi home, shouting "Where is Nancy, where is Nancy?"

Persons: Nancy Pelosi, Paul Pelosi, California Dianne Feinstein's, David DePape, Pelosi, DePape, Nancy, Paul Pelosi's, Paul Organizations: Democratic U.S, San Francisco's City, San, Rep, Democratic Locations: California, San Francisco's, San Francisco's City Hall , California, U.S, San Francisco, DePape, Washington, Nancy

☆ Trump 'increasingly sour' on RNC chair Ronna McDaniel, as GOP grapples with recent losses
▼ + stars: | 2023-11-13 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

RNC chairwoman Ronna McDaniel reacts next to U.S. President Donald Trump at a fundraising event in New York, U.S., December 2, 2017. Yuri Gripas | ReutersFormer President Donald Trump has grown "increasingly sour" on Republican National Committee chairwoman Ronna McDaniel and the overall leadership of the RNC, according to a person close to the former president. "I do think if there's enough pressure from us and Trump, McDaniel might just decide, 'this is humiliating,' and step down." During a recent interview with conservative commentator Rogan O'Handley, Bannon asked O'Handley what he would like to say to Trump about McDaniel. Beyond the latest slate of Republican losses, the Republican National Committee also appears to be lagging behind the Democratic National Committee in overall fundraising.

Persons: Ronna McDaniel, Donald Trump, Yuri Gripas, Trump, McDaniel, Kevin McCarthy, McCarthy, Rich Anderson, Anderson, Glenn Youngkin, Ronald Reagan, Youngkin, David McNew, David Mcnew, Steve Bannon, Rogan O'Handley, Bannon, O'Handley, Let's, Jamie Harrison, Kayleigh McEnany, Tom Williams Organizations: Reuters, Republican National, RNC, California Republican, Trump, Republicans, Republican Party, GOP, Republican, Library, Foundation, Getty, White House, Republican National Committee, Democratic National Committee, DNC, Capitol, CQ, Inc Locations: U.S, New York, Virginia , Kentucky, Ohio, Virginia, SIMI VALLEY , CA, Simi Valley , California, White

☆ Gulf bourses mixed as China pessimism offsets higher oil prices
▼ + stars: | 2023-11-12 | by ( Md Manzer Hussain | ) www.reuters.com time to read: +1 min

REUTERS/Hamad I Mohammed/ File Photo Acquire Licensing RightsNov 12 (Reuters) - Gulf stock markets put in a mixed performance on Sunday as higher oil prices were offset by worries of faltering demand from China, the world's top crude importer. Oil prices - a major driver of Gulf financial markets - rose about 2% on Friday as Iraq voiced support for OPEC+ oil cuts ahead of a meeting of the group on Nov. 26. The retailer reported a third-quarter net loss of 202.9 million riyals ($54.1 million) compared to a net profit of 21.1 million riyals a year earlier. Outside the Gulf, Egypt's blue-chip index (.EGX30) fell 1.7%, with Commercial International Bank (COMI.CA) down 2.5% and Misr Fertilizer (MFPC.CA) losing 4.6%. However, Credit Agricole Egypt (CIEB.CA) gained 3.7% as the lender reported a 121% jump in third quarter consolidated net profit.

Persons: Joe Biden, Hamad I Mohammed, Brent, Masraf Al Rayan, Fawaz Abdulaziz Alhokair Co, Md Manzer Hussain, Kirsten Donovan Organizations: Bahrain Bourse, U.S, REUTERS, OPEC, Qatar, Saudi Telecom, Human Resources, Commercial International Bank, Misr, Agricole Egypt, Thomson Locations: Bahrain, Manama, China, Iraq, Saudi

☆ Amazon’s top Fresh exec says store reopenings are part of broader grocery revamp
▼ + stars: | 2023-11-10 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Peters now oversees Amazon Fresh and reports to ex-Tesco executive Tony Hoggett, who leads Amazon's physical stores business. Shoppers check out the sale items as they wait in line for the new Amazon Fresh store to open on E. Colorado Blvd in Pasadena, CA Thursday, September 15, 2022. In addition to the Woodland Hills Fresh store, Amazon reopened locations in nearby Pasadena and Irvine this week, after redesigning two Chicago-area Fresh stores in August. Amazon Fresh store in Los Angeles neighborhood of Woodland Hills Annie Palmer'Where's the butter located?' On Thursday, Amazon said it's opening the Fresh grocery delivery service to everyone in the U.S., after trials in a handful of cities.

Persons: Annie Palmer, Andy Jassy, Claire Peters, Peters, Tony Hoggett, Dilip Kumar, Stephenie Landry, Jeff Bezos, Amazon, Honey Grahams Organizations: Amazon, Woolworths, Amazon Fresh, Tesco, CNBC, Walmart, . Colorado, Medianews, los Angeles Daily, Getty, Citibank, Amazon Web, Woodland, Foods, Alexa Locations: Los Angeles, Woodland, ., Pasadena , CA, Woodland Hills, Amazon, Pasadena, Irvine, Chicago, U.S

☆ Horse racing-Breeders' Cup to be held at Del Mar in 2025
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Nov 2, 2021; Del Mar, CA, USA; A group of horses, trained by Aidan P. O'Brien, during workouts at Del Mar Race Track. Mandatory Credit: Ray Acevedo-USA TODAY Sports/File Photo Acquire Licensing RightsLOS ANGELES, Nov 8 (Reuters) - The Breeders' Cup will be held in back-to-back years at Del Mar racetrack after organizers on Wednesday said the site of the 2024 edition of the international championships will return to the oceanside venue again in 2025. "Our return to Del Mar in back-to-back years marks the continuation of a wonderful collaboration and successful partnership, both with our friends at the track and with the greater San Diego area, demonstrating our continued commitment to California horse racing," said Drew Fleming, Breeders' Cup president and CEO. The Breeders' Cup World Championships consists of 14 Grade 1 races over two days. Last weekend's event drew 109,624 fans to Santa Anita Park in Los Angeles County, where the $6 million Breeders' Cup Classic was won by White Abarrio.

Persons: Del, Aidan P, O'Brien, Ray Acevedo, County's Del, Drew Fleming, White, Rory Carroll, Toby Davis Organizations: Del, USA, Breeders, County's Del Mar, Santa, Thomson Locations: Del Mar , CA, USA, Del Mar, oceanside, Southern California, San Diego, California, Los Angeles County, Los Angeles

☆ 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

☆ Fight, flight, or urine: 6 ways people have tried to keep orcas from destroying their boats
▼ + stars: | 2023-11-08 | by ( Maiya Focht | Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

From fog horns to bottles of urine, sailors are trying some wild ways to save their yachts. This latest sinking adds to the hundreds of incidents of orcas interacting with, damaging, and sometimes sinking boats over the last three years. Pouring gasoline or diesel fluid and urine into the water had no effect, according to the few sailors who tried it. Dumping a black water tank filled with a "bleach solution" seemed to provoke the orcas into ramming the boat more, according to one account. Serge MELESAN / 500px / Getty ImagesIf orcas damage your boat, the GTOA recommends calling the authorities.

Persons: orcas, It's, Chase Dekker, that's, Enrique Marcarian, GTOA, Lisa Schaetzle, Alessandro De Maddalena, Orcas, John Burbeck, Arturo de Frias, Alfredo López, it's, Serge MELESAN, Hanne Strager Organizations: Service, Cruising Association, Grupo, Orca Behavior, Reuters, CA, Washington Post, Cruisers Locations: Strait, Gibraltar, Spain, Morocco, Alaska

☆ The rise of the McMansion: 11 charts show just how much bigger and fancier American houses have gotten since the 1970s
▼ + stars: | 2023-11-07 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

Data on the characteristics of newly constructed homes for 2022, released in June by the Census Bureau, revealed homes continued to get bigger after shrinking from 2015 to 2020. A higher share of four-bedroom houses were built, most constructed with air conditioning, and more houses are doing away with fireplaces. In 2022, nearly half of all homes constructed had four bedrooms, compared to two-bedroom homes at 9%. Houses have remained relatively the same height, with a slightly higher percentage of one-story homes and slightly fewer percentage of two-story homes compared to 10 years ago. The median are now comes in at around 2,300 square feet for houses built in 2022.

Persons: Goldman Sachs, —, Glenn Kelman, Realtor.com, it's, Brick Organizations: Service, Census, Myrtle Locations: Conway, Myrtle Beach, South Carolina, Las Vegas, Henderson, Paradise, Stockton , CA

☆ Group of Google contractors who work on Search and Bard win union vote
▼ + stars: | 2023-11-07 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

A group of Google contractors, some of whom have worked on Search and Google's artificial intelligence chatbot Bard, have successfully voted to unionize. The group, from Google contractor Accenture, filed for unionization efforts in June after claiming Google asked them to help train the generative AI answers offered in Search and Bard, and that they felt underprepared for their work. The Alphabet Workers Union teamed up with the Communications Workers of America in 2021 as a minority union. "We have no objection to these Accenture workers electing to form a union," said Google spokesperson Courtenay Mencini in a statement to CNBC. The decision marks the second ruling to classify Google as a joint employer with its contractor for a subset of employees.

Persons: Bard, Courtenay Mencini, Jen Hill, Hill Organizations: Accenture, Google, Bloomberg, Alphabet Workers Union, Communications Workers of America, U.S . National Labor Relations Board, Workers, NLRB, CNBC, CWA, YouTube, Cognizant Technology Solutions, CNBC PRO Locations: London, England, Francisco

REUTERS/Sergio Perez Acquire Licensing RightsLONDON, Nov 7 (Reuters) - European Union (EU) energy ministers last month struck a deal to reform the bloc's power market. German power market forwards for 2024 and 2025LIGHT-TOUCH REFORMEuropean power prices have fallen a long way from their 2022 peaks, when the region was still reeling from the reduction in Russian gas supplies. EU member states were deeply split on proposals for more fundamental reform of Europe's power market to allow for a complete break of the gas-power price linkage. The hard-won compromise keeps the existing market mechanism, which its supporters claim is more efficient than other models in a liberalised electricity market. The bloc's power prices have historically been twice those of the U.S., but are now three or four times higher.

Persons: Sergio Perez, Teresa Ribera, Bernard Respaut, Mats Gustavsson, Boliden, Gustavsson, Respaut, Jan Harvey Organizations: REUTERS, Union, Spain's Energy, Producers, European Copper Institute, EU, Alcoa, PPA, European Commission, Metals, Reuters, Thomson Locations: Alcobendas, Madrid, Spain, Ukraine, San, EU, U.S, Ireland, Europe

☆ Most Gulf markets end higher after US job market softens
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +2 min

A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. Most Gulf Cooperation Council countries, including the UAE, peg their currencies to the U.S. dollar and follow the Fed's policy moves closely. Saudi Arabia's benchmark index (.TASI) gained 0.8%, with oil giant Saudi Aramco (2222.SE) rising 0.5% and Lumi Rental Co (4262.SE) finishing 1.7% higher. Outside the Gulf, Egypt's blue-chip index (.EGX30) closed 2% higher, led by a 2.1% rise in Commercial International Bank (COMI.CA). On Friday, the lender reported third-quarter net income of 8.35 billion Egyptian pounds ($270.66 million), up 89% year-on-year.

Persons: Joe Biden, Hamad I Mohammed, Detroit's, Jerome Powell, Ateeq, David Goodman, Sharon Singleton Organizations: Bahrain Bourse, U.S, REUTERS, Federal, United Auto Workers, UAW, Gulf Cooperation, U.S ., Saudi Aramco, Lumi, Reuters, Industries Qatar, Commercial International Bank, Thomson Locations: Bahrain, Manama, U.S, Gulf, UAE, Saudi, Ateeq Shariff, Bengaluru

☆ Instant View: Canada gains 17,500 jobs in October, jobless rate rises to 5.7%
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

TORONTO, Nov 3 (Reuters) - Canada's economy gained a net 17,500 jobs in October, entirely in part-time work, and the jobless rate rose to 5.7%, Statistics Canada data showed on Friday. Employment in the goods producing sector grew by a net 7,500 jobs, largely in construction. STORIES:MARKET REACTION: CAD/LINK: https://www150.statcan.gc.ca/n1/daily-quotidien/231103/dq231103a-eng.htm?HPA=1COMMENTSDEREK HOLT, VICE PRESIDENT OF CAPITAL MARKETS ECONOMICS AT SCOTIABANK:"So most of the jobs were part time. In terms of Bank of Canada, we got another set of jobs numbers before their next decision and a lot more data before the December meeting. You'd really need to see some strong holiday shopping and end of year activity in order to get a beat on Q4."

Persons: DEREK HOLT, you've, Steve Scherer, Denny Thomas Organizations: TORONTO, Statistics, ECONOMICS, SCOTIABANK, Bank of Canada, Thomson Locations: Statistics Canada, it's

☆ The new breed of long-haul, low-cost airlines: What you need to know
▼ + stars: | 2023-10-30 | by ( John Walton | ) edition.cnn.com time to read: +8 min

CNN —You’ve seen them on TikTok and on Instagram: people flying on the new generation of long-haul, low-cost airlines where the fares sound too good to be true. By and large, long-haul, low-cost airlines focus on four specific markets: transatlantic, transpacific, southeast Asia and Australia. With a home base at Narita international airport, Zipair Tokyo is Japan Airlines' low-cost arm. Yoshio Tsunoda/AFLO/ShutterstockHome base: Tokyo (Narita, the airport an hour away from the city)Notable routes: Honolulu, LA, SF, San Jose (CA)Flies: Boeing 787sWhat you need to know: This is Japan Airlines’ low-cost arm. Scoot is Singapore Airlines' low-cost arm.

Persons: CNN — You’ve, ” you’ll, Markus Mainka, Pawel Gradek, Yoshio Tsunoda, Edgar Su, “ Organizations: CNN, Boeing, Airbus, That’s, AirAsia X, Buenos Aires, British Airways, Aer Lingus, Atlantic, Atlantic Airways, Air Premia, Premia, Narita, Japan Airlines, Japan Airlines ’, Singapore Airlines, Reuters, Singapore Airlines ’, Qantas, Getty, Jetstar, London, AirAsia Locations: New York, Paris, Asia, Australia, Paris Orly, Orly, LA, Miami, NY, France, Barcelona, Boston, Buenos, Santiago de Chile, IAG, Iberia, Aer, Oslo, London, Gatwick, Berlin, Rome, Chicago, Orlando, Seoul, Incheon, Honolulu , LA, Newark, Frankfurt, Tokyo, Japan, Narita, Jose, Scoot, Singapore, Athens, New Zealand, Southeast Asia, AFP, Honolulu, Kuala Lumpur

The AI cloud-computing organization, called Voltage Park, has 24,000 Nvidia H100 chips, Voltage Park CEO Eric Park told Reuters in an interview. The operation plans to offer long- and short-term, low-cost AI computing to help alleviate the shortage of AI chips. Voltage Park plans to set up clusters of the Nvidia AI chips in Texas, Virginia and Washington. After the release of OpenAI's ChatGPT last year, demand for Nvidia's advanced AI silicon soared as businesses scrambled for chips to power their AI ambitions. Intel , Advanced Micro Devices (AMD.O) and a host of startups sell competing AI chips that are also in heavy demand.

Persons: Jed McCaleb, Eric Park, OpenAI's ChatGPT, McCaleb, Max A, Anna Tong, Cynthia Osterman Organizations: NVIDIA, Handout, REUTERS Acquire, Nvidia, Reuters, Intel, Devices, Navigation Fund, Navigation, Thomson Locations: Santa Clara , CA, Texas , Virginia, Washington, Gox, San Mateo , California, San Francisco

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