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☆ Apple and Microsoft are among the 'Magnificent Seven' stocks set to report next week. Here's what that means
▼ + stars: | 2024-07-26 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.

Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna

☆ 3 reasons to invest in America's crumbling infrastructure instead of flashy AI winners, and the 2 cheapest sectors right now: BofA
▼ + stars: | 2024-07-25 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Traditional infrastructure might not seem as sexy as the newer AI data centers, but Bank of America believes traditional infrastructure has stronger growth prospects than AI infrastructure. The heavy focus on technology and AI has resulted in investors overlooking traditional infrastructure investment. Invest in industrials and materialsIn particular, Bank of America identified the industrials and materials sectors as the best investment opportunity within traditional infrastructure. The industrials sector trades at a relative forward PE of 0.98, and materials trades at 0.92. AdvertisementSome specific industries within those sectors are especially undervalued, such as construction materials and metals & mining.

Persons: —, there's, Savita Subramanian, it's, Reshoring Organizations: Service, Big Tech, American Society of Civil Engineers, Business, Bank of, Bank of America Government, Bank of America, Bank, Invest, Industrial Locations: North America, industrials

☆ Stocks making the biggest moves premarket: American Airlines, Honeywell, RTX, Ford and more
▼ + stars: | 2024-07-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

Southwest reported 58 cents in adjusted earnings per share on $7.35 billion of revenue. Analysts surveyed by LSEG were looking for a profit of 51 cents per share on $7.32 billion in revenue. RTX reported $1.41 earnings per share, ex-items, compared to analysts' estimate of $1.30 per share, according to LSEG. KLA reported adjusted earnings of $6.60 per share, higher than analysts' expectations of $6.15 per share, according to LSEG. Ford reported adjusted earnings per share of 47 cents, significantly less than the consensus forecast of 68 cents, per LSEG.

Persons: oversupply, overshadowing, AbbVie, Dow, LSEG, Northrop Grumman, Dr Pepper, ServiceNow, CJ Desai, Molina, FactSet, Edwards, Ford, —, Yun Li, Jesse Pound, Christina Cheddar Berk, Fred Imbert Organizations: Airlines —, American Airlines, Honeywell —, Southwest Airlines —, Hasbro, IBM, Northrop, LSEG, Nasdaq, KLA Corporation, U.S . Army, Molina Healthcare, Technology, Ford, Viking Therapeutics Locations: LSEG

☆ Cold showers: What the science says about the benefits
▼ + stars: | 2024-07-24 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

This practice is known as cold water immersion, a type of cryotherapy or cold therapy — which can be applied for medical or therapeutic purposes in various ways. In modern times, some people wonder if cold showers, a more accessible form of this trend, could also do the trick. Taking cold showers may have benefits for your mental and cardiovascular health, experts say. But experts have ideas for why cold showers might work, based on what scientific and anecdotal evidence there is, he added. Taking a cold showerIf you want to try taking cold showers and have been cleared by your doctor, start small, experts said.

Persons: ”, Corey Simon, Simon, “, —, Rachelle Reed, Reed, Simon isn’t, ” Reed, Reed can’t Organizations: CNN, Duke University, Duke Aging Locations: Greece, Athens , Georgia, Netherlands

☆ Toxic ‘forever chemicals’ found in pesticides used on food, in homes and on pets, study finds
▼ + stars: | 2024-07-24 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

“These pesticides are applied to tens of millions of farm fields across the United States in quite high quantities, and they are contributing to PFAS contamination,” Andrews said. “The study provides empirical evidence of the extent of PFAS in pesticides,” said DeWitt, who was not involved in the research. PFAS helps pesticides last longerThe study authors submitted Freedom of Information requests to various state and federal government agencies in the US, including the EPA. The analysis found eight EPA-approved inert ingredients were PFAS, including the nonstick chemical Teflon. In February, the EPA proposed the removal of Teflon in pesticide products.

Persons: ”, Alexis Temkin, David Andrews, ” Andrews, Jamie DeWitt, DeWitt, Stephanie Eick, “, Tom Flanagin, Andrews, Rainer Lohmann, Temkin, Sirisak, ” DeWitt Organizations: CNN, National Academies of Sciences, Engineering, US Environmental Protection Agency, Environmental, EWG, Center for Biological Diversity, Public Employees, Oregon State University’s Pacific Northwest Center, Health Research, Emory University, Agency, EPA, American Chemistry Council, ACC, ”, University of Rhode Island’s, School of Oceanography Locations: Washington , DC, United States, Tucson , Arizona, Spring , Maryland, Atlanta

☆ Modi's government pledges fiscal prudence in India's post-election budget
▼ + stars: | 2024-07-23 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +4 min

Nirmala Sitharaman, India's finance minister, leaves the ministry to present the budget at the parliament in New Delhi, India, on July 23, 2024. India's finance ministry on Tuesday lowered the country's fiscal deficit target to 4.9% for the financial year ending March 2025, a revision from 5.1% during the pre-election interim budget published back in February. That target will then fall to 4.5% or lower for the financial year ending March 2026, India's Finance Minister Nirmala Sitharaman said during the announcements. "This is imperative for attracting foreign investment and sustaining growth," he said, adding that "unprecedented financial support" from the central bank will make the fiscal deficit target possible. "We will endeavor to maintain strong fiscal support for infrastructure over the next five years, in conjunction with imperatives of other priorities and fiscal consolidation."

Persons: Nirmala Sitharaman, Vipul Bhowar, Narendra Modi's, Sitharaman, Hajra, Anand Rathi, Modi's Organizations: Bloomberg, Getty, India's, Waterfield Advisors, Sitharaman, Narendra Modi's Bharatiya Janata Party, Stock Brokers, CNBC, Modi's Bharatiya Janata Party, Centre, Monitoring, BSE, U.S . Locations: New Delhi, India, Mumbai, Bihar, Andhra Pradesh

☆ These 2 stocks and an ETF will gain whoever wins the U.S. election, says fund manager
▼ + stars: | 2024-07-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As the United States presidential election nears, there's one key theme that's expected to continue regardless of who wins: the reshoring of American manufacturing . Tema ETFs runs the actively managed American Reshoring ETF (ticker RSHO), designed to take advantage of this trend. "The American reshoring fund is built on the foundation that the world's not getting any safer. However, the fund manager cautioned that there could be challenges in hiring skilled labor due to the decline in the United States semiconductor manufacturing industry over the years. TSM 5Y line While TSMC is less than 1% of the American Reshoring ETF, Clean Harbors is a top 10 holding with 4.71% allocated.

Persons: Yuri Khodjamirian, CNBC's, PFAS —, Khodjamirian Organizations: United, Republicans, Democrats, Tema, American, Harbors, Clean Harbors, Taiwan Semiconductor, ETF Locations: United States, Tema, North America, Arizona

☆ This scientist who worked for Jeff Bezos and Bill Gates is now a VC funding other 'mad scientists'
▼ + stars: | 2024-07-23 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

And while he wants to tackle the world's biggest problems such as waste, impact isn't Deep Future's sole priority. Related storiesIn some ways, Deep Future's mission harkens back to Silicon Valley's roots, he said. As for Deep Future's investments, the challenge is whether the technology can be built and made cost-effective, ideally within its investment horizon of 10 years. One of Deep Future's portfolio companies, Descycle, is developing non-toxic chemicals to separate gold in electronics in landfills. Getting investors on board with mad scientistsWith Deep Future's niche, getting investors' attention has been easy, Holman said.

Persons: —, Pablos Holman, Jeff Bezos's, Bill Gates, Michael Reid, Holman didn't, Holman, Matt Mullenweg, that's, Alfred Steiner, I'm Organizations: Service, Origin, Ventures Laboratory, Business, Investors, WordPress

☆ South African police discover multimillion-dollar meth lab on farm
▼ + stars: | 2024-07-20 | by ( Amarachi Orie | Nimi Princewill | ) edition.cnn.com time to read: +2 min

CNN —Police in South Africa arrested four people including two Mexican nationals after uncovering a multimillion-dollar drug manufacturing lab on a farm in the country’s north. After searching four structures on the property, police found large quantities of chemicals used to make illicit drugs including acetone and crystal meth, with an estimated street value of 2 billion South African rand ($109.4 million). Police found large quantities of chemicals used to make illicit drugs including acetone and crystal meth. South African Police ServiceThe four suspects detained on Friday include the farm owner and two Mexican nationals, the police service said, adding that the Hawks are not ruling out the possibility of further arrests. The suspects will appear at Groblersdal Magistrate’s court on Monday on charges of manufacturing, dealing and possessing illicit drugs, according to the police service.

Persons: SAPS, ” Katlego Organizations: CNN — Police, South African Police Service, Police, African Police Service, Hawks, Reuters, Global, Transnational, United Nations Office, Drugs Locations: South Africa, Groblersdal, ”

☆ The Trump trade: how a red wave could impact stocks, bonds, and commodities
▼ + stars: | 2024-07-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

Read previewAs we near the November elections, investors are increasingly focused on what a Donald Trump win would mean for global markets and economies. The charts below show how stock sectors moved in the 24 hours after the debate and how a Trump administration might impact sectors with varying regulatory burdens. If Trump wins, investors will need to cut through the noise and at least understand how he might impact different parts of the economy. Where monetary policy is concerned, leading economist Christophe Barraud believes a Trump administration could pressure the Federal Reserve to be very accommodative on rates, in other words, steeper or sooner cuts. It expects a Trump Administration to allow LNG export permits after the Biden Administration attempted to halt them.

Persons: —, Donald Trump, Goldman Sachs, Joe Biden, Trump, Solita, Samantha Lamas, Goldman, Goldman's Jan Hatzius, Christophe Barraud, Bloomberg Businessweek Trump, Morgan Stanely, Morgan Stanley Organizations: Service, Trump, Business, Trump Media, Technology, UBS, Americas Global Wealth Management, Morningstar, Federal Reserve, Bloomberg Businessweek, Korea, Asia Pacific's, Republican, Trump Administration, Biden Locations: Predictit, Mexico, Canada, China, Japan, Germany, Asia, Goldman Sachs, Washington

☆ Doomsday dinners: Costco sells 'apocalypse bucket' with food that lasts 25 years
▼ + stars: | 2024-07-18 | by ( Marlene Lenthang | ) www.cnbc.com time to read: +2 min

It's the end of the world as we know it and I feed fine — because Costco has an emergency dinner kit, dubbed online as "the apocalypse bucket," that lasts 25 years. The Readywise Emergency Food Bucket boasts 150 freeze-dried and dehydrated meal servings and has caused a stir on social media. And, crucially for those preparing for an apocalypse, the bucket lasts up to 25 years on the shelf. Some talked about if there was a real apocalypse, it could be difficult to get water to prepare the meals. That's more scary than the apocalypse," a commenter wrote, meanwhile another quipped, "So if the apocalypse doesn't kill you, this bucket of chemicals will."

Persons: Alfredo, It's, Jeffrey Eisner Organizations: Costco, Supply Locations: Richmond , California

☆ What Trump 2.0 Could Mean for the Environment
▼ + stars: | 2024-07-16 | by ( Brad Plumer | Lisa Friedman | ) www.nytimes.com time to read: +1 min

As president, Donald Trump’s sweeping attempts to roll back federal environmental regulations were often stymied — by the courts, by a lack of experience, even by internal resistance from government employees. “It’s going to be easier,” said Myron Ebell, who led the transition at the Environmental Protection Agency after Mr. Trump won in 2016. “They’re going to have better people, more committed people, more experienced people. They will be able to move more quickly, and more successfully, in my view.”On the campaign trail, Mr. Trump has promised to repeal federal regulations designed to cut greenhouse gas pollution that is rapidly heating the planet. They are drafting plans to slash budgets, oust career staffers, embed loyalists in key offices and scale back the government’s powers to tackle climate change, regulate industries and restrict hazardous chemicals.

Persons: Donald Trump’s, Trump, “ It’s, ”, Myron Ebell, “ They’re Organizations: House, Mr, Environmental, Agency

☆ Colombia Faces a New Problem: Too Much Cocaine
▼ + stars: | 2024-07-13 | by ( Genevieve Glatsky | Federico Rios | ) www.nytimes.com time to read: +1 min

For decades, one industry has sustained the small, remote Colombian village of Caño Cabra: cocaine. Later, they mix the leaves with gasoline and other chemicals to make chalky white bricks of coca paste. But two years ago, the villagers said, something alarming happened: The drug traffickers who buy the coca paste and turn it into cocaine stopped showing up. The same pattern was repeated again and again in communities across the country where coca is the only source of income. Colombia, the global nexus of the cocaine industry, where Pablo Escobar became the world’s best known criminal, and which still produces more of the drug than any other nation, is facing tectonic shifts as a result of domestic and global forces that are reshaping the drug industry.

Persons: Pablo Escobar Organizations: Food Locations: Colombian, Caño, Colombia

☆ 5 powerful ways tending to the gut boosts your health — from smoother digestion to better moods
▼ + stars: | 2024-07-13 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +7 min

AdvertisementPeople with an unhealthy gut microbiome might experience symptoms such as diarrhea, constipation, bloating, and excess wind, he said. Because of this wide-reaching impact, commercial companies are racing to roll out products claiming to boost our gut health, from yogurt to "gut-friendly" soda. AdvertisementBelow, top gut health researchers break down the ways that our gut affects our health. Mental healthThere's strong evidence that a good diet is linked to better mental health, brain health, and mood, likely because it promotes a healthy gut microbiome, Spector said. The benefits of gut health likely stretch even furtherThere's lots of emerging research that suggests the reach of the gut microbiome extends even further, too.

Persons: —, Tim Spector, ZOE, Goodman, Gabrielle Morse, Morse, Spector, Max Nieuwdorp Organizations: Service, Oxford, Stanford, UCLA, King's College London, Business, Luskin, Health Clinic, Research, Harvard Medical School Locations: Arpana

☆ Secondhand e-cigarette aerosols expose kids to less nicotine than cigarettes, study finds, but can still be risky
▼ + stars: | 2024-07-11 | by ( Jen Christensen | ) edition.cnn.com time to read: +6 min

The researchers determined children’s nicotine levels using blood samples taken between 2017 and 2020. The children in the study with the lowest nicotine levels were those who had no exposure to secondhand aerosols of any kind at home. Earlier studies have found similar nicotine exposure among children in homes with cigarette and e-cigarette users. Some of his research has shown much higher nicotine levels in e-cigarette households than in the new study. In 2020, Galiatsatos published what is believed to be the first study to document significant injury in an adult with secondhand e-cigarette exposure.

Persons: Vaping, “, Terry Gordon, ”, Gordon, Dr, Sanjay Gupta, Panagis, Galiatsatos Organizations: CNN, JAMA, National Health, Department of Medicine, CNN Health, American Lung Association

☆ Tampons contain lead, arsenic and potentially toxic chemicals, studies say. Here’s what to know
▼ + stars: | 2024-07-11 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

CNN —The average menstruating person will spend about five years of their total reproductive lifespan using an estimated 11,000 tampons, sanitary pads, panty liners and other menstrual products, experts say. What if some of those menstrual aids contain heavy metals or potentially toxic chemicals linked to chronic diseases and reproductive and developmental problems? “I do not want people to panic, but to be aware that heavy metals have been found in these menstrual products,” Schilling said. “However, there is no reason for people to be afraid to use menstrual products at this time,” she added. The team ran tests for 16 heavy metals: arsenic, barium, calcium, cadmium, cobalt, chromium, copper, iron, manganese, mercury, nickel, lead, selenium, strontium, vanadium and zinc.

Persons: Kathrin Schilling, ” Schilling, Amanda Hils, ” Hils, Anna Pollack, ”, Pollack, “, tampons Schilling, nonorganic tampons, hasn’t, Nancy King Reame, Reame Organizations: CNN, US Environmental Protection Agency, Columbia University’s Mailman, of Public Health, US Food and Drug Administration, George Mason University, US Geological Survey . Chemicals, Environmental Health, Institute for Green Science, Carnegie Mellon University, American Chemistry Council, “, for Disease Control, Prevention, FDA, School of Nursing, Columbia University Medical Center Locations: New York City, “, Fairfax , Virginia, United States, United Kingdom, Greece, tampons, Pittsburgh

☆ Cramer's Lightning Round: Dover is 'making a great move in the data center'
▼ + stars: | 2024-07-10 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Dover's year-to-date stock performance. Dover : "This is a terrific industrial company that really is making a great move in the data center...Dover is going to be a big name for me." Stock Chart Icon Stock chart icon Sasol's year-to-date stock performance. Sasol: "No, if you're going to do that you want to buy Dow, no longer Dow Chemicals, Dow Inc."Stock Chart Icon Stock chart icon Cava's year-to-date stock performance. Stock Chart Icon Stock chart icon New Fortress Energy's year-to-date stock performance.

Persons: Biden Organizations: Dover, Dow, Dow Chemicals, Dow Inc, New Fortress Energy Locations: Dover

☆ This cement startup says it goes beyond net zero to true zero carbon emissions
▼ + stars: | 2024-07-10 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

"By decomposing minerals at ambient temperature using electrochemistry, it actually allows us to use minerals that contain calcium for cement that aren't limestone, and that's what makes us true zero as opposed to net zero," Ellis explained. Its One Boston Wharf Road will be the largest net zero office building in the city, with Sublime cement in the ground floor public space. Its venture capital backers are Lower Carbon Capital, Engine Ventures, Energy Impact Partners, Prime Impact Fund, Siam Cement Group and MCJ Collective. For perspective, about 90 million tons of cement are produced in the U.S. per year. "This is a first-of-a kind process, and we're competing with a technologies that have been scaled to a million tons per year plus for, you know, decades.

Persons: Leah Ellis, Ellis, they'll, Yanni Tsipis, Lisa Rizzolo Organizations: Systems, Sublime Systems, WS Development, Sublime, U.S . Department of Energy, Carbon, Engine Ventures, Energy Impact Partners, Impact Fund, Siam Cement Group, MCJ, CNBC Locations: Fortera, Massachusetts, Boston, Portland, U.S

☆ How a Distinctive Beauty Brand Fell Apart, Sinking Almost $700 Million With It
▼ + stars: | 2024-07-10 | by ( Jordyn Holman | Maureen Farrell | ) www.nytimes.com time to read: +1 min

Carlyle, the global private equity firm, has $425 billion in investor money powering companies that make aerospace equipment, wind turbines and airport terminals. Three years ago, in May 2021, Carlyle invested roughly $600 million in a skin care company called Beautycounter. Jay Sammons, who ran Carlyle’s consumer products business, had already helped OGX hair care products generate high returns for Carlyle. Ms. Renfrew had built the decade-old company around a mission: making cosmetic products without a host of commonly used chemicals. The products were distributed through independent sellers in a multilevel marketing model that has been used for vitamin supplements, cosmetics and Tupperware.

Persons: Carlyle, Jay Sammons, Gregg Renfrew, Renfrew, Beautycounter, Mary Kay

The brine contains lithium, a silvery white metal essential for making electric vehicle batteries and in high demand as the world shifts to green energy. Eramet is being closely watched by competitors from the U.S. to Chile that are also working to commercialize DLE. It aims to pump out its first ton of lithium carbonate in November and scale up to 24,000 metric tons a year by mid-2025. The technique allows Eramet to produce a ton of lithium carbonate in one week, versus a year with traditional methods. "You go step by step, making sure you can get to the next phase," said engineer Soledad Gamarra.

Persons: Eramet, Christel Bories, Joe Lowry, Soledad Gamarra, Mara Puntano, John Li, Tsingshan, Bories, Daina Beth Solomon, Salar Centenario, Ernest Scheyder, Lucila Sigal, Veronica Brown, Richard Chang Organizations: Reuters, Battery Metals, Initiative for, Mining Assurance, America, Thomson Locations: SALAR CENTENARIO, Argentina, Argentina's, U.S, Chile, Salta, Rio Tinto, South, Eramet's Centenario, Eramet's, Salt Lake City, U.S ., Utah, China, Asia, Salar, Houston

☆ DuPont is a buy at current prices for investors who don't already own the stock
▼ + stars: | 2024-07-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. If you don't own DuPont stock, Jim Cramer said current prices are a good entry point. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Jerome Powell, we're, Jim, it's, Jim Cramer's Organizations: CNBC, Nasdaq, Federal, Honeywell International, Air, Honeywell, DuPont, Big Tech, NVDA

☆ Former GOP Sen. Jim Inhofe, famous for throwing a snowball in the Senate chamber, dead at 89
▼ + stars: | 2024-07-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Former Sen. Jim Inhofe, a Republican from Oklahoma, has died at age 89, Tulsa World and Politico report. AdvertisementThe Oklahoma Republican first became chairman of the Senate Environment and Public Works Committee in 2003, and served as the committee's top Republican until 2017. Inhofe's position as chair of the environmental committee offered him a prominent platform from which he denied the science behind climate change. But despite his record on climate change, Inhofe notably had a warm friendship with his counterpart Boxer, a liberal Democrat who was outspoken about the need to address climate change. Advertisement"Jim is a climate change denier, he is really, really conservative," said Sanders, noted that even praising Inhofe had the potential to "probably ruin his political career."

Persons: Sen, Jim Inhofe, Kay, David Boren, Inhofe, John McCain's, Democratic Sen, Barbara Boxer of, Tom Williams, Al Gore, who's, Al Gore's, Boxer, Mitch McConnell, Boxer's, Independent Sen, Bernie Sanders of, Sanders Organizations: Service, Republican, Tulsa, Politico, Senate, Business, State, Senate Armed, Committee, Democrats, Democratic, Environment, Public, Oklahoma, of, Oklahoma Republican, Senate Environment, University of East, ABC News, Democrat, Associated Press, Independent, firebrand Locations: Oklahoma, Barbara Boxer of California, Iowa, Tulsa, University of East Anglia, United Kingdom, Flint , Michigan, Bernie Sanders of Vermont

☆ China is freaking out after discovering the 'open secret' that its cooking oil was ferried for years in chemical tanks that weren't cleaned
▼ + stars: | 2024-07-09 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewA new cooking oil scandal has erupted in China, about a decade after the country's infamous crackdown on restaurants reusing gutter oil and sewage grease. The furor follows a bombshell investigation published on July 2 by state media outlet Beijing News, which found multiple cases of tank trucks transporting edible cooking oil immediately after delivering chemicals used for coal-to-liquid processing. They recommend that oil companies only use tank trucks dedicated to edible substances, but the guideline is only encouraged and isn't mandatory. Related stories"Shouldn't a kerosene can be a kerosene can and a cooking oil can be a cooking oil can? Days after Beijing News' report, state media jumped in with scathing commentary.

Persons: —, Han Futao, Han, They've, Zhang Jingshan Organizations: Service, Business, Beijing News, Food Locations: China, Beijing, Hebei, Qinhuangdao, Weibo, Hunan

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Apple, Meta, Alphabet, Amazon, RH, Netflix & more
▼ + stars: | 2024-07-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: Goldman Sachs reiterates Alphabet and Meta as buy Goldman said it's sticking with its buy rating on shares of Alphabet and Meta. Bank of America reiterates Apple as buy Bank of America said its checks show App Store revenue increasing for Apple. KeyBanc reiterates Nvidia as overweight KeyBanc said it's sticking with its overweight rating on Nvidia shares. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla shares. " "We initiate coverage on JMIA with a Buy rating and a PT of $14."

Persons: Goldman Sachs, Goldman, Stifel, Jefferies, TD Cowen, it's, Piper Sandler, Piper, KeyBanc, Raymond James, Exscientia, Cowen, Morgan Stanley, Wolfe, Markel, it's bullish, Robinson, Tesla Organizations: Amazon, Netflix, YouTube, Mobile, Bank of America, " Bank of America, Apple, Nvidia, UBS, Group, Citizens, Investment, Ventures, Mizuho, First Bancorp, of America, JPMorgan, Technologies, Pan Locations: destocking, UW, F3Q, SensorTower, BRX, Puerto Rico, Pan -

☆ The most common type of EV battery is a growing source of 'forever chemical' pollution, scientists say
▼ + stars: | 2024-07-08 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Scientists have uncovered a new source of hazardous "forever chemical" pollution: the rechargeable lithium-ion batteries found in most electric vehicles. Some lithium-ion battery technologies use a class of PFAS chemicals, or per-and polyfluoroalkyl substances, that helps make batteries less flammable and conduct electricity. Scientists tested more than a dozen lithium-ion batteries used in EVs and consumer electronics like laptops, and found bis-FASIs at various concentrations. They can also leach into the environment from landfills, where the majority of lithium-ion batteries end up. AdvertisementThe study said only about 5% of lithium-ion batteries are recycled, and by 2040, there could be some 8 million tons of lithium-ion battery waste.

Persons: They've, Jennifer Guelfo, PFAS, Lee Ferguson, Guelfo, PFOA, hasn't, Corteva Organizations: Service, Nature Communications, Business, Texas Tech University, Duke University, Environmental Protection Agency, Solvay, Chemours, DuPont Locations: US, Belgium, France, Minnesota , Kentucky, Antwerp, Salindres

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