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☆ Here's how Capula spinoff West Basin, one of this year's biggest hedge-fund launches with $3.5 billion, was pitched to investors
▼ + stars: | 2024-04-16 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAt $3.5 billion, Nat Dean's new macro fund, West Basin, is set to be one of the biggest hedge fund launches of the year. Marketing documents viewed by Business Insider from London-based Capula describe the macro fund's performance, trading focuses, and projections. AdvertisementThe Capula Tactical Macro fund became a stand-alone in late 2020 after operating within the larger multi-strategy offering. According to the marketing materials, Dean's ideas are generated from three different sub-categories: thematic macro, macro relative value, and semi-systematic.

Persons: —, Nat, Dean, Capula, Dean — Organizations: Service, The, Bloomberg, Business Locations: West Basin, The New York, London, Ukraine

☆ These are the most overbought and oversold stocks on Wall Street after a wild week of trading
▼ + stars: | 2024-04-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

The stock market ended the volatile week lower, but there could still be opportunities for plenty of companies' shares to rebound. CNBC Pro used its stock screener tool to find the most overbought and oversold stocks on Wall Street as measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI above 70 are considered overbought, which indicates that shares might soon turn lower. Devon Energy made the list of overbought stocks, dominated by oil and gas producers, with an RSI of 82. On the other hand, Texas-based life insurer Globe Life , with an RSI of just 3, is among the most oversold stocks on Wall Street.

Persons: Roger Read, Devon, Wells, Deere, Lamb Weston, FactSet, —, Fred Imbert Organizations: Dow Jones, CNBC Pro, Devon Energy, Exxon Mobil, Barclays, Exxon, Truist Securities, Deere, Globe, Research, Securities Locations: Devon, Wells, Delaware, Illinois, Texas, Lamb, Idaho

☆ Explosion at Hydroelectric Plant in Italy Kills at Least 3
▼ + stars: | 2024-04-10 | by ( Elisabetta Povoledo | ) www.nytimes.com time to read: +1 min

Specialized search and rescue teams, underwater divers, cave experts and topographers were searching on Wednesday for four workers who were missing a day after an explosion at a hydroelectric plant near the northern Italian city of Bologna killed at least three people and injured five others. The explosion took place at a level of the plant that was underwater, and Mr. Cari said divers on Wednesday worked in conditions of “zero visibility,” as they searched among the rubble and debris of the explosion, moving sheet metal by hand with difficulty. The explosion at the Enel Green Power plant happened as the company was testing efficiency improvements that had been made to the facility, which generates power from the water of a nearby dam basin. The episode and the resulting deaths and injuries roused unions to call for a general strike protesting unsafe working conditions and work-related deaths. Political leaders, both in the center-right government and in the opposition, rushed to the site of the plant, about 43 miles south of Bologna.

Persons: “, ” Luca Cari, Cari Locations: Italian, Bologna

☆ Japan Gives Washington 250 Cherry Trees as Replacements
▼ + stars: | 2024-04-10 | by ( Aishvarya Kavi | More About Aishvarya Kavi | ) www.nytimes.com time to read: 1 min

Japan is giving the United States 250 cherry trees to replace more than 100 that will be torn up during construction around the Tidal Basin in Washington, the Japanese prime minister, Fumio Kishida, said on Wednesday. The gift honors the 250th anniversary of the signing of the Declaration of Independence, which the United States will celebrate in 2026, Mr. Kishida said at a White House ceremony welcoming him for a state visit. President Biden thanked Mr. Kishida for the cherry trees, which have become a symbol of the relationship between the United States and its longtime ally as well as a popular tourist attraction in spring. The mayor of Tokyo gave Washington 3,000 of the trees, which are not native to the United States, in 1912.

Persons: Fumio Kishida, Kishida, Biden, Mr Organizations: United, Washington Locations: Japan, United States, Washington, Independence, Tokyo

Washington CNN —President Joe Biden hosts Japanese Prime Minister Kishida Fumio for a state visit Wednesday, including a crucial Oval Office meeting, reinforcing his commitment to bolstering vital partnerships in the Indo-Pacific amid a militarily and economically resurgent China. Over 70 items covering a wide array of critical sectors are expected to be announced as part of the bilateral meeting between Biden and Kishida, according to senior administration officials. “The idea of switching to a multilateral, lattice-like strategic architecture is to flip the script and isolate China,” this person said. Cherry Blossom diplomacyEven as the leaders plan to announce the lengthy list of defense and diplomatic agreements during the course of their visit, senior administration officials also sought to highlight a more symbolic takeaway. A senior Biden administration official called the original gift of cherry trees from Japan one of the most important diplomatic gifts in US history – second only to the Statue of Liberty, a present from France.

Persons: Joe Biden, Kishida Fumio, Biden, Kishida, Jake Sullivan, ”, Cherry, “, Donald Trump Organizations: Washington CNN, Japanese, Carnegie Mellon University, Keio University, University of Washington, Washington State, Tsukuba University, US Steel, American, White, National Park Service, Biden, of, Japan Locations: China, Japan, Australia, Tokyo, Philippines, North Korea, Kishida, Ukraine, United States, Washington, France

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Netflix, Cisco, Alphabet, American Eagle & more
▼ + stars: | 2024-04-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Barclays downgrades American Express to equal weight from overweight Barclays sees "limited upside" on valuation for the stock. Compass Point downgrades Wells Fargo to neutral from buy Compass sees a more balanced risk/reward for shares of Wells Fargo. Bank of America reiterates Apple as buy Bank of America says its survey checks show App Store growth increasing. Bank of America upgrades Ally Financial to buy from neutral Bank of America said the bank holding company has "credit leverage." Bank of America initiates Frontier a buy Bank of America said the wirelines and cable telecom company has "meaningful potential to outperform."

Persons: Morgan Stanley, Raymond James, Goldman Sachs, Tesla, Goldman, Wells, Wells Fargo, Jefferies, MNDY, Rosenblatt, TeraWulf, TD Cowen, William Blair, Cowen, it's, Wolfe, KBW, DA Davidson, Davidson Organizations: Cisco, Colgate Energy, Resource, Bank of America, Infosys, of America, Barclays downgrades, Express, Barclays, BMO, Realty Trust, Compass, LPL, Nasdaq, Jefferies, RBC, Molson Coors, TAP, Distributors, Google, GE Aerospace, GE, General Electric Company, Apple, Netflix, Frontier Communications, JPMorgan, Eagle Outfitters, Technologies, Steel, Japan's Nippon Steel, Nippon Steel, GOP, Trump, Nvidia Locations: Midland , Texas, Wells Fargo, Freeport, Pittsburgh

☆ Oil holds to gains as market monitors OPEC+ policy, geopolitical tensions
▼ + stars: | 2024-04-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil futures on Wednesday clung to recent gains as mounting geopolitical tensions and OPEC+ policy lift prices. The West Texas Intermediate contract for May delivery gained 28 cents, or 0.33%, to settle at $85.43 a barrel. Crude futures are at their highest level since late October. Some members of OPEC and allies led by Russia, called OPEC+, are voluntarily cutting 2.2 million barrels per day of production through at least the second quarter. The group's Joint Ministerial Monitoring Committee concluded a meeting Wednesday without recommending changes to OPEC+ current production policy, according to two delegates.

Persons: Brent Organizations: West Texas Intermediate, Energy Information Administration Locations: Midland, Odessa, Texas, U.S, Russia

CNN —Botswana’s President Mokgweetsi Masisi has threatened to send 20,000 elephants to Germany amid a dispute over the import of hunting trophies. ”Twenty thousand elephants for Germany, this is not a joke,” Masisi told German tabloid Bild. Lenin Nolly/Sipa USA/AP/FileMasisi told Bild that Germany’s Green party could learn to cohabitate with elephants without hunting them. According to the ministry, Germany is one of the largest importers of hunting trophies in the European Union, and African hunting trophies already require import authorization under current rules. Trophy hunting does not come close to diminishing the elephant population, Masisi told broadcaster Sky News.

Persons: CNN —, Mokgweetsi Masisi, ” Masisi, –, Steffi Lemke, Lenin, Masisi, ”, Murat Ozgur Guvendik, “, ” Botswana’s, Botswana’s, Iris Throm, Mary Rice, Rice, Bild, you’d Organizations: CNN, Green, Getty, Botswana’s Ministry of Environment, Tourism, European Union, Germany’s Federal Agency for Nature, Environmental Investigation Agency, Sky News, Convention, International Trade, Fauna Locations: Germany, Berlin, Botswana, Masisi, Anadolu, Angola, Mozambique

Meanwhile, Micron got a price target increase from Bank of America, which sees the chipmaker surging more than 20%. 7:08 a.m.: Jefferies raises forecast on Target Jefferies thinks improving consumer discretionary trends should boost Target shares. The firm increased its price target on the stock to $205 from $195, implying shares gaining 16% from where they closed on Thursday. He upgraded shares to overweight from equal weight and increased his price target by $13 to $59. The bank also revised its bull case price target to $110 from $90, implying upside of nearly 130%.

Persons: Morgan Stanley, Target Jefferies, Corey Tarlowe, Jefferies, Tarlowe, TGT's, — Hakyung Kim, Wells, Roger Read, Read, Hakyung Kim, Brandon Oglenski, Hunt, Robinson, Werner, Oglenski, Anthony Cassamassino, Vivek Arya, Arya, —, Morgan, DAL, Fred Imbert Organizations: CNBC, Delta Air Lines, Micron, Bank of America, Jefferies, Target, Devon Energy, Diamondback Energy, EOG Resources, Barclays, J.B, C.H, Werner Enterprises, Bank of America's, Microsoft, Meta, Next, 2Q, Spotify, Citigroup, Marvell, Devices, TAM, Abercrombie, Fitch's Locations: Wells Fargo, Devon, Delaware, Q2'24, Thursday's, DAL

☆ I've visited Washington, DC, to see the famous cherry blossoms for years. Here are 6 secrets to skipping crowds and optimizing your trip.
▼ + stars: | 2024-04-01 | by ( Hayley Hutson | ) www.businessinsider.com time to read: +5 min

Read previewWashington, DC, is one of the best places in the US to see cherry blossoms in the spring. Every year, more than 1.5 million tourists travel to DC for the National Cherry Blossom Festival. And, although fun, popular free events like the Blossom Kite Festival and Petalpalooza tend to be swarming with crowds. Walk the Hains Point loop trail — or golf amongst the bloomsEscape the bustling crowds and immerse yourself in cherry-blossom bliss at Hains Point loop trail. AdvertisementWhile you're on Hains Point Island, check out East Potomac Golf Links.

Persons: —, I've, it's, Hayley Hutson, Willard Intercontinental, Yoshino Organizations: Service, National Cherry Blossom, Business, Dumbarton Oaks Gardens, National, Roman Catholic, City Cruises, Washington, East, Golf, Arts Locations: Washington, DC, Dumbarton, Stanton, North America's, Potomac, Anacostia

☆ Francis Scott Key Bridge collapse reverberates around the world
▼ + stars: | 2024-03-29 | by ( Ray Sanchez | ) edition.cnn.com time to read: +16 min

StreamTimeLive StreamTimeLive StreamTimeLiveAround the same time, numerous audible alarms were recorded on the ship’s bridge audio. The Dali container vessel after striking the Francis Scott Key Bridge. “Once you get here, I’ll go grab the workers on the Key Bridge and then stop the outer loop,” an officer said. When the Key Bridge was built decades ago, container ships were a fraction of the size and weight they are today. Miguel Luna, a native of El Salvador, was also working on the Key Bridge.

Persons: Francis Scott Key, ”, Jayme Krause, Nick Mosby, “ I’ve, Andy Middleton, Middleton, Dali, Marcel Muise, Scott Cowan, Baltimore –, Clay Diamond, Muise, Wes Moore, Diamond, ” Diamond, Al Drago, we’ve, “, Cowan, Jim Watson, Starr Smith, ’ ” Smith, Smith, ” Smith, ” John Zimmerman, They’re ‘, Maynor Yassir Suazo Sandoval, Miguel Luna, Dorlian Castillo Cabrera, Pima Castillo, Alejandro Hernandez Fuentes, Castillo, Alejandro Hernandez, Carlos Hernandez, Carlos Hernandez’s, Jazmin Alvarez, Hernández, Isabel Franco, Jose Mynor Lopez, Franco, Lilly Ordonez, Lopez, ” Rafael Laveaga, Holly Yan, Maria Santana, Melissa Alonso, Allison Gordon, Emma Tucker, Tina Burnside, Alex Stambaugh, Abel Alvarado, Aditi Sangal, Danny Freeman, Caroll Alvarado, Amy Simonson, Mary Kay Mallonee, Yahya Abou, Sabrina Souza, AnneClaire Stapleton, Antoinette Radford, Dakin Andone, Curt Devine, Casey Tolan, Isabelle Chapman, Elizabeth Wolfe, Lauren Mascarenhas, Elise Hammond, Gloria Pazmino, Alex Medeiros Organizations: CNN, Evening Sun, Bethlehem Steel, Eiffel, American, Maryland State Police, Sea Catholic, Walmart, National Transportation Safety, Chesapeake Bay, Longshoremen’s Association, Maryland Transportation Authority, American Pilots Association, ”, ” Maryland Gov, Bloomberg, Getty Images Transportation Authority, US Coast Guard, “ Dispatch, Police, Getty, Maryland, CASA, Brawner Builders, Univision, Authorities, Mexican Embassy Locations: Maryland, Fort McHenry, Sparrows Point, Baltimore, Patapsco, Port of Baltimore, India, Singapore, Baltimoreans, Sri Lanka, South Africa, Yemen, Red, Dali, MarineTraffic, ” Maryland, There’s, AFP, Middleton, Honduras, El Salvador, Mexico, Guatemala, Santa Bárbara, America, Dundalk, he’s, Mexican, Michoacan, Washington’s

☆ An options trade on a cheap energy stock that generates income while you wait for the comeback
▼ + stars: | 2024-03-28 | by ( Michael Khouw | ) www.cnbc.com time to read: +2 min

There's a major energy stock trading on the cheap with a chance for upside. I'll review an options trade that generates income while I wait for the potential comeback. CVX 5Y mountain Chevron, 5 years This dynamic means that the integrated oil companies aren't growth stocks. That's OK though because they aren't priced like growth stocks either. The objective would be to hold the shares and rinse and repeat, continuing to write calls against the stock as the options previously written expire.

Persons: There's, we've, — Organizations: Chevron, Hess Corp

☆ The quiet rally in energy continues, lifting our lone oil-and-gas stock higher
▼ + stars: | 2024-03-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

The rally this month comes alongside roughly $3-per-barrel rally in the price of oil, while natural gas has slipped back. "There's a piece in the Wall Street Journal about how AI data centers will consume so much power that it could overwhelm the grid. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Coterra, Nelson Peltz, Jim, Mizuho, Ford, Eaton, Jim Cramer's, Liz Hampton Organizations: CNBC, Dow Jones Industrial, Nasdaq, Energy, Club, Disney, Barclays, Nvidia, GTC, Ford, Rivian Automotive, Eaton Corp, Street Journal, Jim Cramer's Charitable Locations: California, Loco Hills, New Mexico, U.S

☆ Oil prices rise as heightened geopolitical risk exacerbates supply concern
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: +2 min

An oil pumpjack pulls oil from the Permian Basin oil field in Odessa, Texas, on March 14, 2022. Oil prices rose in early Asian trading on Monday on concern over tighter global supply brought about by escalating conflict in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure. "Falling U.S. rig count also increased worry over tighter supply," he said. In the Middle East, Israeli forces besieged two more Gaza hospitals on Sunday, pinning down medical teams under heavy gunfire, the Palestinian Red Crescent said. Meanwhile, the U.S. oil rig count fell by one to 509 last week, showed data from energy services firm Baker Hughes , indicating lower future supply.

Persons: Hiroyuki Kikukawa, Israel, Al, Antony Blinken, Benjamin Netanyahu, Baker Hughes Organizations: Brent, NS, Nissan Securities, Kyiv, Palestinian, Israeli Locations: Odessa , Texas, Russia, Ukraine, Lviv, Warsaw, Moscow, Kyiv, East, Gaza, Rafah, U.S

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Super Micro Computer, Disney, Netflix, Meta, Amazon & more
▼ + stars: | 2024-03-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo reiterates Citi as overweight Wells Fargo raised its price target on Citi to $80 per share from $70." "We initiate coverage of Kinetik Holdings Inc. with an Outperform rating and $40 price target." "We are initiating coverage of Motorola Solutions (MSI) with an Outperform rating and $400 Target price." Citi reiterates Netflix as neutral Citi raised its price target on Netflix to $660 per share from $555. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by its overweight rating on the stock.

Persons: BoB, Mizuho downgrades Tesla, Wells, Wells Fargo, Kinetik, it's bullish, Huya, Raymond James downgrades Dave, Raymond James, Dave, Buster's, Morgan Stanley, it's, Evercore, Sealy, Raymond James downgrades Scotts, Tesla, MASI Organizations: Bank of America, Nvidia, Mizuho, Citi, RBC, Kinetik Holdings, Northland, Astera, of America, " Bank of America, Meta, Argus, Barclays, Adobe, ISI, Motorola Solutions, Netflix, Mattress, JPMorgan, PT, Raymond James downgrades Scotts Miracle, Gro, Scotts Miracle, Strong, MASI, UBS, Apple, Arista Networks, Arista Locations: China

☆ Cherry blossoms in Washington, DC, have hit ‘peak bloom,’ park service announces
▼ + stars: | 2024-03-17 | by ( Aileen Graef | Elisa Raffa | ) edition.cnn.com time to read: +2 min

CNN —The cherry blossoms lining the National Mall in Washington, DC, have hit “peak bloom,” bursting open in an early spring display after a warm winter, the National Park Service announced Sunday. “PEAK BLOOM! PEAK BLOOM! PEAK BLOOM! It is the cherry trees’ second-earliest peak bloom on record and follows one of Washington’s warmest recorded winters.

Persons: Yoshino Cherry, Roberto Schmidt Organizations: CNN, National Park Service, NPS, AFP, Getty, Climate Central, Cherry Blossom, West Potomac Locations: Washington ,, Washington , DC, Potomac, West, West Potomac Park

☆ Why axolotls are everywhere — but a rarity in the one lake they call home
▼ + stars: | 2024-03-16 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +10 min

“They’re teenagers, at least in appearance, until they die.”Mexico's Lake Xochimilco is the only spot where axolotls are found in the wild. Daniel Cardenas/Anadolu/Getty ImagesWhile the wild axolotls of Lake Xochimilco have dwindled to near-extinction, countless axolotls have been bred for scientific laboratories and the pet trade. However, the axolotls you might find at a pet shop are different from their wild relatives in Lake Xochimilco. That means that the axolotl extinction crisis can’t simply be solved by dumping pet axolotls into Lake Xochimilco. (Plus, the pet axolotls likely wouldn’t fare well with the poor habitat conditions in the lake.)

Persons: Randal Voss, Voss, “, ’ ”, Xolotl, “ ACK, uhl, ” Voss, Hector Vivas, they’re, Luis Zambrano, ” Zambrano, Daniel Cardenas, they’ve, Axolotls, Zambrano, axolotls, ”, ” Kate Golembiewski Organizations: CNN, University of Kentucky College of Medicine, “, Aztecs, National Autonomous University of Mexico, Mexico City, International Union for Conservation of Nature, Axolotl, Amphibians Conservation, Anadolu, Getty Locations: Mexican, Xochimilco, Mexico City, It’s, Lake Xochimilco, Mexico, French, Europe, California , Maine , New Jersey, Washington, Minecraft, Chicago

☆ National Park Service set to remove nearly 160 cherry trees in DC to repair seawall
▼ + stars: | 2024-03-14 | by ( Shania Shelton | Rachel Ramirez | ) edition.cnn.com time to read: +4 min

CNN —The National Park Service is gearing up to remove nearly 160 cherry trees in Washington, DC, in an effort to repair the city’s deteriorating seawalls, the agency announced Wednesday. More than 450 trees, including 274 cherry trees, will be replanted in the area when the project is finished, the NPS said in a statement. “And there will be an enormous increase in the number of trees that are out there.”Rising sea levels and warming temperatures threaten the thousands of cherry trees in Washington, DC. Construction around the Tidal Basin will remove about 140 cherry trees between the Thomas Jefferson Memorial and the Franklin Delano Roosevelt Memorial. The tree removal effort comes as the annual National Cherry Blossom Festival is set to take place from March 20 to April 14, bringing crowds to the area.

Persons: we’re, ”, Mike Litterst, ” Litterst, Thomas Jefferson, Franklin Delano Roosevelt, weren’t, Litterst, “, Derek Van Dam Organizations: CNN, National, Service, West Potomac, Cherry Blossom, NPS, National Mall, Memorial Parks, Thomas Jefferson Memorial, Franklin Delano Roosevelt Memorial, National Oceanic, Atmospheric Administration, Seaboard, DC, Great American, Fund Locations: Washington , DC, Potomac, West, West Potomac Park, Washington ,, —, “

HOMESTEAD, Fla. (AP) — A man visiting the Florida Everglades is recovering after being bitten by a crocodile after falling off a boat, officials said. The attack occurred Sunday afternoon at the Flamingo Marina in Everglades National Park, according to a National Park Service news release. The 68-year-old ma capsized his sailboat in the marina basin and was attempting to swim to shore with his boat when witnesses saw him go under the water, officials said. Rangers and park biologists were investigating and monitoring the suspected crocodile. A federally threatened species, crocodiles are less common than alligators in Florida although their habitats do overlap.

Organizations: Flamingo, National Park Service, Miami, Dade, Rescue, Rangers, Associated Press Locations: Fla, Florida, Everglades

☆ CEO explains how Coterra manages unpredictable commodity pricing
▼ + stars: | 2024-03-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Coterra CEO Tom Jordan told CNBC's Jim Cramer on Monday how the oil and gas company deals with unpredictable commodity pricing, emphasizing the "flexibility" of its assets. The price of natural gas has been volatile over the past few months, and in February it hit its lowest level since 2020. But Jordan said Coterra is able to project stable revenue and cash flow because of its "asset quality" and "organization." Coterra announced during its most recent earnings report it would cut back its natural gas production and instead invest more heavily in oil. However, Jordan said the company is "well-positioned" and has plans in place to increase natural gas production if necessary.

Persons: Tom Jordan, CNBC's Jim Cramer, Jordan, Coterra

☆ The North Sea could become a 'central storage camp' for carbon waste. Not everyone likes the idea
▼ + stars: | 2024-03-04 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +7 min

The receiving dock at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Offshore carbon capture and storage (CCS) refers to a range of technologies that seek to capture carbon from high-emitting activities, transport it to a storage site and lock it away indefinitely under the seabed. Storage tanks at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Bloomberg | Bloomberg | Getty ImagesNorway has a long history of carbon management. Bloomberg | Bloomberg | Getty Images"There is definitely a public acceptance risk to storing CO2 onshore.

Persons: Terje Aasland, Aasland, Norway's Aasland, Børre Jacobsen, —, Jacobsen Organizations: Equinor ASA, Shell Plc, Bloomberg, Getty, Norway's Energy, CCS, Institute for Energy Economics, Workers, Northern Lights, Shell, Northern, Venture, CNBC, videoconference Locations: Blomoyna, Norway, Europe, videoconference, Brevik, Norwegian, Sleipner, U.S, Norway's, Longship

☆ Hot on the trail of cherry blossoms — peak times for 2024
▼ + stars: | 2024-03-02 | by ( Forrest Brown | ) edition.cnn.com time to read: +4 min

Editor’s note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In travel news this week: Circling the calendar for peak cherry blossoms, a very rare peek at post-pandemic North Korea and the insightful confessions of a Vegas habitué. While peak bloom can still be up in the air, the dates for the National Cherry Blossom Festival are solidly locked down: March 20-April 14. Meanwhile, Japanese forecasters are out with their own cherry blossom, or sakura, predictions. 02:06 - Source: CNNIn the best of times, a visit to communist North Korea was a rarity.

Persons: Brandon Griggs, He’s, Willy Wonka Organizations: CNN, Washington , D.C, Bloom Watch, National Cherry Blossom, –, Air Albania, AAA Locations: Korea, Netherlands, France, Washington ,, Japan, Wharf, Kochi, Tokyo, wintry Sapporo, Dubai, Atlanta, Air, London, India, United States, North Korea, Russia, Pyongyang, Masikryong, North, Las Vegas, Sin

☆ A.I. Frenzy Complicates Efforts to Keep Power-Hungry Data Sites Green
▼ + stars: | 2024-02-29 | by ( Patrick Sisson | ) www.nytimes.com time to read: +1 min

Now, those arid ranch lands are offering a new moneymaking opportunity: data centers. Lancium, an energy and data center management firm setting up shop in Fort Stockton and Abilene, is one of many companies around the country betting that building data centers close to generating sites will allow them to tap into underused clean power. In the past, companies built data centers close to internet users, to better meet consumer requests, like streaming a show on Netflix or playing a video game hosted in the cloud. But the growth of artificial intelligence requires huge data centers to train the evolving large-language models, making proximity to users less necessary. But as more of these sites start to pop up across the United States, there are new questions on whether they can meet the demand while still operating sustainably.

Persons: ”, Ali Fenn Organizations: Netflix Locations: West Texas, Fort Stockton and Abilene, United States

☆ Oil prices inch higher as U.S. crude inventories rise, OPEC+ considers extending production cuts
▼ + stars: | 2024-02-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Crude oil futures inched higher Wednesday as U.S. crude inventories rose while OPEC+ is considering extending its production cuts into the second quarter. April Brent futures rose 30 cents, or 0.36% to $83.97 a barrel. The market is waiting for the U.S. Energy Information Administration to publish official government data on crude inventories later this morning. A premium for immediate over later delivery is typically a sign of a tightening crude market.

Persons: Brent Organizations: West Texas Intermediate, American Petroleum Institute, U.S . Energy, Administration Locations: Loving County , Texas, U.S, OPEC

☆ Live Updates: Smokehouse Creek Fire grows rapidly in Texas
▼ + stars: | 2024-02-27 | by ( Christina Maxouris | ) edition.cnn.com time to read: +2 min

Different police and fire departments across Texas have mobilized units to help crews battle Smokehouse Creek Fire. Flower Mound Fire DepartmentThe ongoing wildfires have been largely driven by high winds and dry air. And high wind warnings and red flag warnings remain in effect in the region until 8 p.m. local time. "The Texas A&M Forest Service reports that several large wildfires ignited yesterday under warm, dry, and windy conditions across the Texas Panhandle," Texas Gov. A cold front that's pushing through the area Tuesday evening will bring cooler air and shift winds.

Persons: Greg Abbott, Chad Myers Organizations: Texas, M Forest Service, Texas Panhandle, CNN Locations: Texas, South Plains, Texoma, East Texas

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