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☆ Six Spongy Sea Creatures Suggest Warming Might Be Worse Than Thought
▼ + stars: | 2024-02-05 | by ( Raymond Zhong | ) www.nytimes.com time to read: +1 min

Networks of satellites and sensors have measured the rising temperatures of recent decades with great precision. But to assess the full arc of global warming, scientists typically combine this data with 19th-century thermometer readings that were often spotty and inexact. By examining the chemical composition of their skeletons, which the creatures built up steadily over centuries, the researchers have pieced together a new history of those earliest decades of warming. And it points to a startling conclusion: Humans have raised global temperatures by a total of about 1.7 degrees Celsius, or 3.1 Fahrenheit, not 1.2 degrees Celsius, the most commonly used value. “It’s a bit of a wake-up call,” said Malcolm T. McCulloch, a geochemist at the University of Western Australia and one of the scientists who worked on the new research.

Persons: ”, Malcolm T, McCulloch Organizations: . Networks, University of Western Locations: Caribbean, University of Western Australia

Only 5.7% of the 1.3 million eligible voters cast ballots at the 39 voting stations around the city, the newspaper Le Monde said. Demur said heavier cars make congestion “even more complicated” and that ”one must consider the ecology, the parking issues." It’s about freedom.”The vote follows another City Hall consultation last year on whether to ban for-hire electric scooters. In a country of car-lovers, home to Renault, Citroen and Peugeot, Hidalgo has worked for years to make Paris less car-friendly. It’s become a central Paris haven for cyclists, runners, families and romantics since Hidalgo closed it to motor traffic in 2016.

Persons: Anne Hidalgo, Le, Hidalgo, “, Demur, Hall's, Leicester Organizations: PARIS, Socialist, Le Monde, Renault, Citroen, Peugeot, Paralympic Games Locations: Paris ’, Paris, It’s, Hidalgo, Le Pecq, France

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIs this the end of Google Search? How the giant could lose its leadA perfect storm is coming for Google Search. Younger platforms like TikTok and Reddit are becoming younger consumers' go-tos. All while Microsoft and Satya Nadella try to steal share and make the "800-pound gorilla" dance. This week on TechCheck, how to lose a lead -- is this the end of Google Search as we know it?

Persons: Satya Nadella Organizations: Google, Microsoft, Apple

☆ TikTok’s ‘Mob wives’ aesthetic is fueling a resurgence of fur
▼ + stars: | 2024-02-01 | by ( Yola Mzizi | ) edition.cnn.com time to read: +7 min

This year may bring even more demand due to the explosion of the “mob wives” aesthetic on TikTok. In 2021, Israel became the first country in the world to enact a ban on new fur sales, while Italy and Norway announced they would stop fur farming. ‘Mob wives’ influenceOn TikTok, trends can rise and fall within a matter of weeks, if not days, and “mob wife” is no exception. In the coming months, Spiber said they will partner with a number of brands to develop custom fur products. Leopard print is another key tenet of the 'mob wife' style.

Persons: CNN — Edwards, Edwards, Lowell Furs ’, —, Paul Matsumoto, Natalie Bloomingdale, Raymond Hall, ”, Matsumoto, it’s, Porter, Versace, Prada, Neiman Marcus, Michael Kors, Israel, François, Henri Pinault, Angela Raiola, Drea de Matteo, Adriana La Cerva, Victoria Gotti, John " Junior, Gotti, Ray Tamarra, Mary Altaffer, Mandy Lee, Lee, Emmanuel Dunand, Kayla Marci, “ We’ve, Spiber, Victor Virgile, Callie Clayton, PJ Smith, Smith Organizations: The, Fashion, CNN, Lowell, HBO’s, Everett, Dolce, Gabbana's, Humane Society of, Business Locations: California, Beverly Hills, Edwards, Dua Lipa, New York, Bloomingdale, Canada, Italy, Norway, Paris, AFP, Zara, Milan, Spiber, United States

☆ Wilson tennis racket maker Amer Sports opens at $13.40 per share in market debut after pricing IPO at $13
▼ + stars: | 2024-02-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +1 min

Wilson products at the Paragon Sports store in the Chelsea neighborhood of New York on Jan. 4, 2024. Amer Sports, the Finnish athletic company behind the Wilson tennis racket and Arc'teryx, debuted on the public markets Thursday at $13.40 a share after pricing its IPO at a discount. The offering values Amer at about $6.3 billion, down from a previous valuation of up to $8.7 billion. Amer's decision to discount its IPO came after Federal Reserve Chair Jerome Powell indicated the central bank isn't ready to start cutting rates, casting a pall over market sentiment and the floundering IPO market. Wall Street has been eager to see a resurgence in the IPO market after it grounded nearly to a halt over the past two years, but recent debuts, including from German shoemaker Birkenstock , have been muted and failed to impress.

Persons: Wilson, Amer, Jerome Powell, Birkenstock Organizations: Paragon Sports, Wilson, New York Stock Exchange Locations: Chelsea, New York, Finnish

☆ Death of Fringe Friendships: Making Gen Z Sad, Hurting Job Prospects
▼ + stars: | 2024-02-01 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +16 min

One of the biggest reasons for our shrinking social circles is the loss of fringe friends — casual friends that you enjoy seeing occasionally. These relationships might seem trivial or inconsequential, but experts and research indicate that fringe friends are vital. But now these fringe friend groups are disappearing, and we're all worse off for it. AdvertisementGlimmers of hope for Gen ZThe decline in fringe friends has also created a generational divide when it comes to who's doing well socially. There's no real solution to the loss of fringe friends.

Persons: Nikol Moses, Moses, Gen, would've, That's, —, Gen Zers, It's, Juliana Horowitz, Daniel Cox, Cox, what's, he'd, we've, Danielle Bayard Jackson, Long, Evan Paul Cudworth, Cudworth, Anna Goldfarb, I've, he's, Pew's Horowitz, Jackson, she'd, Goldfarb, it's, — Moses Organizations: Brisbane —, IRL, Pew Research Center, Gallup, Pew, American Survey, Survey, Survey Center, American Enterprise Institute, bodega, Federal Reserve Bank of Philadelphia, Facebook, Social, DMs, Pew Research, American Locations: Melbourne, Brisbane, Brooklyn, New York

BOSTON (AP) — Austin Reaves scored a season-high 32 points and hit a career-high seven 3-pointers to help a Los Angeles Lakers team missing LeBron James and Anthony Davis stun the Boston Celtics 114-105 on Thursday night. James sat out because of a left ankle injury and Davis was sidelined by an Achilles tendon issue and left hip spasms. The Lakers hit 19 of 36 3-pointers, holding off the NBA-leading Celtics to end a two-game losing streak. Photos You Should See View All 45 ImagesBoston never got closer than seven points in the fourth quarter. Lakers big man Jarred Vanderbilt had 10 points, seven rebounds and three steals in 16 minutes.

Persons: — Austin Reaves, LeBron James, Anthony Davis, James, Davis, Achilles, Reaves, D’Angelo Russell, Jaxon Hayes, Jayson Tatum, Jarred Vanderbilt, Tatum, Russell, Taurean Prince, Hayes, Rui Hachimura, Darvin Ham, ___ Organizations: BOSTON, Los Angeles Lakers, Boston Celtics, Lakers, NBA, Celtics, Boston, Vanderbilt, Western, NEXT, New York, Memphis, ___ AP NBA Locations: Angeles, New

☆ Cramer says the IPO market has been 'hit or miss,' telling investors to stay away from Amer Sports
▼ + stars: | 2024-02-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Even though the IPO market is heating up, CNBC's Jim Cramer said he thinks it's been "hit or miss" so far. He told investors not to buy Amer Sports, which debuted Thursday at a discount, saying the company has a poor balance sheet. "And, I've got to tell you, Amer Sports is a great example of the kind of deals I wish we weren't seeing." Saddled with $2.1 billion in debt, Amer Sports has a balance sheet that is "less than ideal," according to Cramer. Cramer conceded that Amer Sports has seen decent growth over the last few years, but much of that growth came from sales in China.

Persons: CNBC's Jim Cramer, it's, I've, Wilson, Arc'Teryx, Cramer, Amer Organizations: Amer Sports, Birkenstock, BrightSpring, Amer Locations: Amer, China

HOMEWOOD, Ala. (AP) — A man fleeing police caused the Alabama car crash that injured Gayle Manchin, head of an economic development partnership of the federal government and 13 state governments and the wife of U.S. Sen. Joe Manchin, along with a colleague of hers, authorities said Wednesday. Gayle Manchin is the co-chair of the commission. “She is now in West Virginia continuing to recover with support from her family. The chase wound through Homewood and surrounding areas and ended when the fleeing car struck the SUV carrying Gayle Manchin and Land, al.com reported. Joe Manchin was the governor of West Virginia from 2005 until 2010, when he was elected to the Senate.

Persons: Gayle Manchin, . Sen, Joe Manchin, Guy Land, John Carr, al.com, Tradarryl Rishad, Boykins, Jim Justice, Joe Biden Organizations: ., Police, Appalachian Regional Commission, ARC, UAB, Homewood Police, Homewood, West Virginia Board of Education, Republican Gov, Appalachian Regional, Senate Locations: HOMEWOOD, Ala, Alabama, Homewood, Birmingham, West Virginia, Appalachia

LOS ANGELES (AP) — The 66th annual Grammy Awards are on Sunday, airing live from Los Angeles' Crypto.com Arena on CBS and Paramount+. In 2021, they had the idea to turn musicians into each other’s audiences when there couldn’t be one, a concept that has informed every Grammys since. We’ve really just tried to make it a loving room for the music community.”Some elements of the stage – like the gramophone in the middle – will remain the same. There are three new categories at the 2024 Grammy Awards as well, including the first-ever best African music performance award. If Victoria Monét ’s “Hollywood” wins best traditional R&B performance, her daughter Hazel Monét will become the youngest Grammy winner in history at 2 years old.

Persons: Raj Kapoor, Ben Winston, Jesse Collins, “, ” Winston, “ We’ve, ”, — “, Trevor Noah, “ There’s, There’s, Harvey Mason jr, Winston, “ I’m, Kapoor, we’re, It’s, ” Mason, we’ve, ” “, Burna, Dave McLeod, Mason, Taylor Swift, she’d, Victoria Monét, Hollywood ”, Hazel Monét, Karol G, Jack Antonoff, Babyface, Kelly Clarkson, Kendrick Lamar, Baby Keem Organizations: ANGELES, CBS, Paramount, COVID, Associated Press, Recording Academy, —, WHO, Hollywood, “ Locations: Los Angeles, people’s, urbana, Será

☆ 'The Davos underground': A final take on the secretive parties of the world's rich and powerful
▼ + stars: | 2024-01-31 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +23 min

"That's when you get the good s---," said a Davos attendee who is regularly selected to join the exclusive backroom of the Annual Davos Wine Forum Tasting. Zoom In Icon Arrows pointing outwards JPMorgan took over the Kirchner Museum for its annual drinks event. Zoom In Icon Arrows pointing outwards The attire of the Davos set is decidedly not chic. Zoom In Icon Arrows pointing outwards The color of your conference badge determined access to World Economic Forum events. Zoom In Icon Arrows pointing outwards Skiing and snowboarding post panels and broadcasting was another favorite pastime of some Davos goers.

Persons: bankrolled, Vladimir Putin's, Putin, George Soros, Bill Browder, Anthony Scaramucci, Anthony, Scaramucci, queued, Latour, Donald Trump, —, Mark Milley, Matt Damon, Richard Branson, Andrea Bocelli, Chris Coons, Paul Ryan, bartenders, Champagne Perrier, Chateau Latour, L'Eglise, Burgundy Olivier Bernstein Bonnes, Domaine Comte Georges de Vogue, Tenuta, Casanova di Neri, Stephen King, Browder, Doug Emhoff, Gary Cohn, Ian Bremmer, Sir Martin Sorrell, Sting, Bill Gates, Sam Altman, Marc Benioff, Ray Dalio, Emhoff, Ernst Ludwig Kirchner, Brian Moynihan, IBM's Gary Cohn, Jack Hidary, Sir Richard Moore, Barry Colson, Davos goer, Moritz, Eve, CNBCers, Emmanuel Macron, John Kerry, Joe Short, roundtables, Wyclef Jean, Diane von Fürstenberg, George Osborne, David Rhodes, Osborne, Politico's Suzanne Lynch, Princess Beatrice, David Blaine, Milley —, Tij, CNBC Tij Organizations: Economic, CNBC, Congress Center, Russian, Russian Direct Investment Fund, Moonshot Investor Network, Putin, Hermitage Capital, SkyBridge, White House Communications, Chiefs, Bordeaux Smith Haut, Platz, Politico, IBM, AB InBev, White, Trump, Eurasia Group, Capital, Microsoft, Wall Street, Billionaire Microsoft, Light, Infosys, Bloomberg House, JPMorgan, Kirchner Museum, Financial, Hotel, CNBC CNBC, Bank of America, New, Davos, U.S . Climate, Accenture, Golf Club Davos, Palantir, Chancellor, Sky News's, Sting, Workers, Swiss Army, Army, Gliding Locations: Davos, Switzerland, Soviet, Ukraine, Moscow, Hungarian, Hermitage, Providence, Europe, Davos's, Bordeaux, Bordeaux Smith Haut Lafitte, Bello, Santa Cruz, Napa Valley Tuscany, Schatzalp, Scalettastrasse, Emirates, Halifax, Canada, Salt Lake City, U.S, Palantir, Swiss

☆ Stream These 11 Movies Before They Leave Netflix in February
▼ + stars: | 2024-01-31 | by ( Jason Bailey | ) www.nytimes.com time to read: +2 min

Family fun, action epics, historical dramas, teen comedy — there’s a little something for everyone among the titles leaving Netflix in the United States in February. ‘Chicken Run’ (Feb. 14)Stream it here. With the long-awaited made-for-Netflix sequel “Chicken Run: Dawn of the Nugget” having hit the service barely six weeks ago, you’d think Netflix would have licensed the original installment for a bit longer. ‘Prometheus’ (Feb. 14)Stream it here. ‘Real Steel’ (Feb. 14)Stream it here.

Persons: Wallace, Gromit, ’, Ridley Scott, James Cameron, David Fincher, Scott, Theron, Michael Fassbender, It’s, ‘ E.T, Rocky ’, that’s, Roger Ebert, Shawn Levy orchestrates, earnestness, Hugh Jackman Organizations: Netflix Locations: United States

☆ Justice Sotomayor speaks on frustration following some Supreme Court rulings
▼ + stars: | 2024-01-29 | by ( Devan Cole | ) edition.cnn.com time to read: +3 min

CNN —Supreme Court Justice Sonia Sotomayor opened up on Monday about the “frustration” she said she experiences daily as the high court’s conservative supermajority continues to move the country further to the right. And as you heard, every loss truly traumatizes me in my stomach and in my heart. During Monday’s event, Sotomayor waded into other topics related to the court, including the impact of oral arguments on a justice’s vote. At one point, she criticized some criminal defense attorneys who she said have occasionally done a poor job of advocating before the high court. Because by the time you come to the Supreme Court, it’s not about your client anymore.

Persons: Sonia Sotomayor, ” Sotomayor, I’m, ”, Sotomayor, Donald Trump, “, Smith, ’ ”, Elena Kagan, Ketanji Brown Jackson, Kenneth Smith’s, Sotomayor waded, Neil Gorsuch, I’ll, it’s Organizations: CNN, University of California, Berkeley School of Law Locations: Alabama, “

COLUMBIA, S.C. (AP) — President Joe Biden on Sunday extolled the existence of Black churches, saying the world would be a different place if they were not around to show people the “power of faith” during times of darkness. The Democratic president spoke at St. John Baptist Church on the final day of a two-day visit to South Carolina designed to rally Black voters before the party's primary on Feb. 3. Biden visited a predominantly Black barbershop and spoke at a state Democratic Party dinner after he flew in on Saturday. A practicing Roman Catholic who attends Mass every Sunday, Biden praised Black churches in his appearance before the Baptist congregation, saying the churches teach the “power of faith.”Political Cartoons View All 253 ImagesHe asked the worshippers to imagine “what would have happened if there had been no Black church” to turn to in times of darkness. “Your prayers mean everything,” Biden said.

Persons: Joe Biden, Biden, Black, ”, Martin Luther King Jr, ” Biden, Darlene Superville Organizations: COLUMBIA, Democratic, St, John Baptist Church, Democratic Party, Roman Catholic, Baptist, Emanuel African Methodist Episcopal Church, Associated Press Locations: South Carolina, Jordan, Syrian, Iran, Charleston, Washington

☆ I take everyone who visits Paris for the first time to a free rooftop that has better views than the Eiffel Tower
▼ + stars: | 2024-01-27 | by ( Moriah Costa | ) www.businessinsider.com time to read: +1 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewI've lived in Paris for over two years and have visited many times before since my husband grew up in France. This story is available exclusively to Business Insider subscribers. One of the first times he took me to Paris, he showed me where to go for the best, free views of the city. Since we've moved, it's the one place I take all my friends who are visiting for the first time.

Persons: —, we've Organizations: Service, Business, Eiffel, Palais Garnier Locations: Paris, France

RICHMOND, Va. (AP) — Richmond couldn't have started any slower against No. 16 Dayton in the sold out Robins Center on Saturday night, missing its first 11 shots to fall behind 9-0. The victory was Richmond's 10th in a row, their longest winning streak since the 1934-35 team won 22 straight. Isaiah Bigelow and Dji Bailey added 12 points each for Richmond, (15-5, 7-0) with Bigelow also grabbing 15 rebounds. I thought we got out of character at times offensively, rushed some things,” Flyers coach Anthony Grant said.

Persons: — Richmond couldn't, ”, Chris Mooney, Jordan King, Neal Quinn, “, ” King, DeLonnie Hunt, Isaiah Bigelow, Dji Bailey, Bigelow, Javon Bennett, DaRon Holmes, Anthony Grant, “ You've, Koby Brea, Mooney, Caitlin Clark, George Washington, ___ Organizations: Robins, Spiders, Flyers, Richmond, Dayton, Kobe Elvis, ” Flyers, The Spiders, Hawkeyes, Ohio State, NEXT Dayton, Fordham, AP Locations: RICHMOND, Va, Dayton, ” Richmond, Richmond, Kobe, Iowa

NEW YORK (AP) — Lorrie Moore, Naomi Klein and the Egyptian writer Ahmed Naji are among the finalists for National Book Critics Circle awards. Honorary prizes are going to Judy Blume and to a longtime ally of Blume's in the fight against book bans, the American Library Association. On Thursday, the critics circle announced nominees in seven competitive categories, ranging from fiction to debut book to best translation. The other fiction nominees are Justin Torres' “Blackouts,” winner of the National Book Award last fall; Teju Cole's “Tremor,” Daniel Mason's “North Woods”; and Marie NDiaye's “Vengeance Is Mine,” translated from the French by Jordan Stump. The book critics circle, founded in 1974, consists of hundreds of reviewers and editors from around the country.

Persons: — Lorrie Moore, Naomi Klein, Ahmed Naji, Judy Blume, Blume's, Moore, “, Justin Torres, ” Daniel Mason's “, Marie NDiaye's, Jordan Stump, Grace E, Tina Post's, ” Nicholas Dames, ”, Myriam Gurba's, Naji, Katharine Halls, Matthew Zapruder's “, ” Susan Kiyo Ito's, David Mas, Patricia Wakida, Jonathan Coe's Martin Luther King, Gregg Hecimovich, Hannah Crafts, Anna, Rachel Shteir's, Betty Friedan, Jonny Steinberg's, Winnie, Nelson, Saskia Hamilton's “, ” Kim Hyesoon's, ” Romeo Oriogun's, Robyn Schiff's, Kareem Abdulrahman, Natascha Bruce, Dorothy Tse's ”, Don Mee, Kim Hyesoon's, ” Todd, ” Maureen Freely’s, Tiffany, Indonesian Norman Erikson Pasaribu's, John Leonard, Ariana Benson's, ” Emilie Boone's, ” Victor Heringer's “, ” Tahir Hamut Izgil's, Donovan X, Martin J, Siegel's, Blume, Becca Rothfield, Marion Winik Organizations: American Library Association, Rotten, PEN America, U.S, Washington Locations: Egypt, Indonesian

☆ How ‘Days of Wine and Roses’ Became Their Passion Project
▼ + stars: | 2024-01-22 | by ( Melena Ryzik | More About Melena Ryzik | ) www.nytimes.com time to read: +1 min

As origin stories go, the transformation of “Days of Wine and Roses” from a movie into a musical is a straight shot, with a twist. They talked through their coordinating vision for evolving “Wine and Roses,” the midcentury classic of a romance ruined by addiction. She already had a co-star in mind: Brian d’Arcy James, debonair and wry, like Jack Lemmon was in the 1962 movie, opposite the O’Hara look-alike Lee Remick. The film memorably traced the stuttery arc of alcoholism and recovery, a trajectory now familiar — onscreen and off — but rarely put to song. The production takes pains to show the love that propels their characters’ relationship — however misguided it turns out to be.

Persons: Kelli O’Hara, Adam Guettel, Tony, ” Guettel, ’ ” O’Hara, Brian d’Arcy James, debonair, Jack Lemmon, Lee Remick, Guettel, Craig Lucas, O’Hara, James, gorgeously Organizations: Broadway, ” Locations: Piazza

☆ Why did the powerful head of Netflix's movie studio just leave?
▼ + stars: | 2024-01-22 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

If you do work in movies, you almost certainly have heard of him: He's the guy in charge of Netflix's movie division, and for years, Netflix's movie division made a lot of movies, at a time when lots of studios were shrinking. Now that's changing, and now Stuber isn't going to be at Netflix anymore: Netflix says he's leaving to start his own media company. And a few months after that, when Stuber's name was floated as a possible contender to run Amazon's movie business, he didn't seem long for the place. Now, Stuber said, Netflix was going to cut its output in half so it could make things better things. Asked for comment, a Netflix spokesperson supplied quotes from Stuber, Sarandos, and Bajaria saying nice things about each other.

Persons: Scott Stuber's, Stuber, Ryan Reynolds, Martin, Scott, Reed Hastings, Ted Sarandos, Greg Peters, Bela Bajaria, We'd Organizations: Netflix, Business, Universal, Stuber, Hollywood, Variety Locations: Hollywood, Stuber

☆ IPO watchers are pinning hopes for recovery on a strong stock market and the AI boom
▼ + stars: | 2024-01-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

Yet the main IPO ETF, the Renaissance Capital IPO ETF ( IPO ), has been for sale most of the month. "For the IPO market to open up, it would help not to have our IPO ETF down 9%," he said. Forge Global maintains a Private Market Index , a measure of 75 late-stage pre-IPO companies. "This tells you valuations are getting reset in the private market," Ng told me. Can AI save the IPO market?

Persons: Matt Kennedy, Homebuilder Smith Douglas, Don Short, Salomon, Wilson, Howe Ng, Ng, Del, Waystar, Kim Kardashian's, Short, Vincent Harrison Organizations: Renaissance Capital, Nasdaq, Amer Sports, Arc'teryx, Forge, SEC, Companies, Reuters, Auto, Turo, CNBC, Microsoft, Gaming, SpaceX, Forge Global Locations: Kazakhstan, IPOs, Pitchbook

Pitt also got 16 points and six assists from Jaland Lowe and 11 points from Ishmael Leggett. In a loss that ended its eight-game win streak, Duke (13-4, 4-2) was powered by Jared McCain’s 20 points. Duke battled back, but it seemed like every time the Blue Devils grabbed the lead, Hinson was there to answer. When Duke trimmed the deficit to one point with 1:10 to play, Lowe swished a pull-up 3-pointer with Filipowski’s hand in his face. The Blue Devils have been outrebounded in each of their four losses.

Persons: — Blake Hinson, Hinson, Pitt, Jaland Lowe, Ishmael Leggett, Jared McCain’s, Kyle Filipowski, Caleb Foster, Kickstarted, Federiko Federiko, Duke, Lowe, Cameron Crazies, Jeremy Roach, —, Mark Mitchell Organizations: Pittsburgh, Cameron, Panthers, Atlantic Coast Conference, Blue Devils, Duke, Devils, Georgia Tech, AP Locations: DURHAM, N.C, Louisville

☆ Tata Steel to close UK blast furnaces with loss of up to 2,800 jobs
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: +1 min

Tata Steel said on Friday it will close its two blast furnaces in Britain by the end of this year, resulting in up to 2,800 workers potentially losing their jobs at its steelworks plant in Wales. Tata Steel said it would start a consultation process as part of its restructuring plan. "The course we are putting forward is difficult, but we believe it is the right one," Tata Steel Chief Executive T V Narendran said. Tata Steel employs more than 8,000 people in the UK, but the warning that as many as 3,000 of those jobs could go came in September when the government announced a funding package to help safeguard 5,000 jobs. The electric arc furnaces are operated by fewer workers compared to the blast furnaces.

Persons: Tata Steel, V Narendran Organizations: Tata, Tata Steel Locations: Britain, Wales, India

Political Cartoons View All 253 ImagesThe news is a major blow to Port Talbot, a town of about 35,000 people whose economy has been built on the steel industry since the early 1900s. At its height in the 1960s, the Port Talbot steelworks employed around 20,000 people, before cheaper offerings from China and other countries hit production. More than 300,000 people worked in Britain’s steel industry in 1971; by 2021 it was about 26,000. Last year the U.K. government gave Tata up to 500 million pounds ($634 million) to make the Port Talbot steelworks greener. “We saw it with the coal industry and now it is happening again with the steel industry.

Persons: ”, T.V, Narendran, Port, Tata, “, Tata's, Anthony Slaughter Organizations: Tata Steel, Tata, ” Tata Steel, Unions, Port Talbot, Commons Library, Community, Green Party Locations: Port Talbot, Wales, China, Port

☆ These 14 cheap stocks are off to a great start in 2024. Wall Street sees two jumping more than 30%
▼ + stars: | 2024-01-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Yet, shares in some companies are trading at steeper discounts than they have in recent history, presenting an opportunity for investors. The recent gains have led to bulls and bears claiming the stock market is overheated , making stock-picking a significant challenge. Amazon shares also featured on the CNBC Pro's stock screen despite rising by about 75% in 2023. The e-commerce giant's shares still remain more than 15% below their high in 2021 despite the company's continued growth. Analysts expect the stock to rise 18% over the next 12 months.

Persons: Intesa Organizations: CNBC Pro, FactSet, CNBC, Nvidia, AstraZeneca, Isuzu, ARC Resources, Tourmaline Locations: Swedish

☆ Caitlin Clark passes Brittney Griner for fourth on NCAA all-time scoring leaderboard in 96-50 blowout win
▼ + stars: | 2024-01-17 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —Iowa’s Caitlin Clark continues to rack up the milestones as she moved into fourth on the all-time NCAA Division I women’s basketball scoring leaderboard. The reigning consensus national player of the year dropped 32 points in a 96-50 blowout win against the Wisconsin Badgers on Wednesday as she passed WNBA legend Brittney Griner in the record books. “I was really happy with our defense in this game,” Iowa head coach Lisa Bluder said after the game. Charlie Neibergall/APIn her senior year, Clark is leading the nation with 30.9 points per game and Kelsey Plum’s all-time women’s college basketball scoring record of 3,527 is now a tangible target. Her performances have been credited with increasing the popularity of women’s college basketball.

Persons: CNN — Iowa’s Caitlin Clark, Brittney Griner, Clark, Kate Martin, Serah Williams, “, Lisa Bluder, Caitlin, Sydney, ” Clark, Charlie Neibergall, Kelsey Plum’s, “ It’s, I’m, Angel Reese Organizations: CNN, Wisconsin Badgers, Baylor University, Wisconsin, Badgers, Syd, AP, Indiana Fever, Iowa, Hawkeyes, LSU Tigers Locations: Iowa, Wisconsin

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