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Now we're pushing $10 billion in awards, to build more than 400 satellites, with seven companies in the mix. York Space has been tapped to make more satellites than anyone but Northrop Grumman, to the tune of $1.3 billion. – The Wall Street Journal / Deere Hyperspectral satellite imagery company Pixxel opens Bengaluru facility, a 30,000-square-foot facility in India for satellite manufacturing. – KeyBancBoldly goingKurt Vogel named as NASA associate administrator for the agency's space technology directorate, effective immediately, previously having been the director of space architectures at the agency. – NASAfor the agency's space technology directorate, effective immediately, previously having been the director of space architectures at the agency.
Persons: Yasin Ozturk, CNBC's Michael Sheetz, – Northrop, Lockheed Martin, L3Harris, Northrop Grumman, you've, Momentus, John Plumb, , Artemis, – SpacePolicyOnline, Tom Mueller's, Redwire, KeyBanc, Kurt Vogel, Chiara Pedersoli, Marco Fuchs, – OHB, – OHB Frank Di Pentino Organizations: SpaceX, . Space Force, Cape Canaveral Space Force, Anadolu Agency, Getty, Space Force, Space Development Agency, – Northrop Grumman, Lockheed, York, Space, Lab, Sierra Space, CNBC, CNBC NASA, Boeing, NASA, NASA ESA, Science, Technology, Industry, ISS, – NASA SpaceX, Deere, Street, Deere Deere, KKR Locations: Cape, Florida, United States, U.S, Brazil, Bengaluru, India
Some closely watched momentum indicators and a bullish overall chart suggest popular AI chipmaker Advanced Micro Devices is headed for new highs in the near future. The stock hit a new 52-week high and now sits 3.6% below the stock's all-time high of $164.46 set in the fourth quarter of 2021. Many chart analysts expect the stock to blow past that level in the near future. "Anytime a stock makes a new all-time high, it tells me something special is taking place with the company," said JC O'Hara, chief technical strategist at Roth Capital Partners. "Investors should be positioned in these risk stocks that typically outperform in a rising market environment and AMD checks that box," he said.
Persons: Dan Wantrobski, Janney Montgomery Scott, JC O'Hara, Wantrobski, Capital's Todd Gordon, Oppenheimer's Ari Wald Organizations: Devices, AMD, Roth Capital Partners, Nasdaq
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Investing in communism never pays', says Hayman Capital's Kyle Bass on China investmentsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Hayman Capital's Kyle Bass, Brian Sullivan, Organizations: CNBC Locations: China
MEXICO CITY (Reuters) - Mexico's Transport Ministry said on Tuesday it received five proposals from interested parties to participate in the roll-out of a project to boost passenger transport on railways being developed across the country. The ministry said it is reviewing the proposals, without identifying the companies expressed interest. The announcement comes a day after the deadline for proposals, set out in a decree late last year that called for plans from concession holders outlining how their freight railways could be adapted for passenger use. Mexican President Andres Manuel Lopez Obrador, whose term ends this year, said last November that if companies decide not to provide passenger services the government would do so. The government has prioritized development on seven routes that span northern border cities, the Gulf and Pacific coasts, major cities in central Mexico, and the capital's secondary Felipe Angeles international airport.
Persons: Andres Manuel Lopez Obrador, Felipe, Sarah Morland, Valentine Hilaire, Leslie Adler Organizations: MEXICO CITY, Transport, Felipe Angeles Locations: MEXICO, United States, Gulf, Pacific, Mexico
Prepare for volatility in the semiconductor industry after an exuberant 2023 that saw prices surge and left many companies with lofty valuations. "Higher valuations in my experience lead to higher investor expectations and those higher investor expectations typically lead to higher volatility," said Michael Brenner of FBB Capital Partners . Computer chip stocks surged in 2023, largely due to enthusiasm surrounding the use of artificial intelligence and the need for advanced semiconductors. Bracing for volatility Semiconductor companies have a lot to prove in 2024 after wowing investors last year. KeyBanc Capital Markets' John Vinh said in a recent note to clients that auto industry semiconductor demand in the new year will benefit Analog Devices , NXP Semiconductors and On Semiconductor .
Persons: Michael Brenner, Capital's Paul Schatz, Sylvia Jablonski, Robert Pavlik, Brenner, FBB, Jensen Huang, Nvidia aren't, Schatz, Jablonski, Intel's, Ross Seymore, Seymore, Brenner isn't, John Vinh, bode, Vinh, Mizuho's Vijay Rakesh, — CNBC's Michael Bloom Organizations: FBB Capital Partners, iShares Semiconductor, Dakota Wealth, Nvidia, Broadcom, Micron Technology, Devices, Deutsche, Marvell Technology, Taiwan Semiconductor, Infineon, EV, KeyBanc, NXP Semiconductors, Semiconductor, Qualcomm, Lam Research
The world’s most powerful passports for 2024
  + stars: | 2024-01-10 | by ( Maureen O'Hare | ) edition.cnn.com   time to read: +5 min
CNN —In a big shakeup of a quarterly ranking of the world’s most powerful passports, an unprecedented six countries are tied in the top spot for the hottest travel documents for 2024. The United States and Canada, meanwhile, are tied in seventh place, along with Hungary, with visa-free access to 188 destinations. “The average number of destinations travelers are able to access visa-free has nearly doubled from 58 in 2006 to 111 in 2024,” says Kaelin. Portugal is at No.4 on the Henley Passport Index and Arton Capital's Passport Index. Arton’s Global Passport Power Rank 2024 puts the United Arab Emirates in the top spot, with a visa-free/visa-on-arrival score of 180.
Persons: Christian, Kaelin, , Tamas Gabor, iStockphoto, It’s, Arton Capital’s, Armand Arton, that’s, Arton Organizations: CNN, Henley & Partners, International Air Transport Association, South Korea, United, United Arab Emirates, Henley, United Nations Locations: France, Germany, Italy, Japan, Singapore, Spain, London, Europe, Finland, Sweden, , Austria, Denmark, Ireland, Netherlands, Belgium, Luxembourg, Norway, Portugal, United Kingdom, Greece, Malta, Switzerland, Australia, New Zealand, Czechia, Poland, United States, Canada, Hungary, United Arab, Afghanistan, Syria, Iraq, Pakistan, Taiwan, Macao, Hong Kong, Kosovo, Palestinian, Territories, Monaco, Albania, South Korea, Czech Republic , New Zealand, Estonia, Lithuania, Latvia, Slovakia, Slovenia, Iceland
While much of Europe's startup ecosystem has been hobbled by the rocky macroeconomic environment and soaring interest rates, climate tech has continued to lure funds from venture capitalists. Many climate tech companies work with hardware, meaning debt financing is also an attractive non-dilutive option for working capital between funding rounds. Global private market equity and grant funding for climate tech startups is actually down – it slid 40% to $65 billion in the 12 months ending September 30, according to PwC. Some smaller climate tech companies have made cuts, including vertical farming company InFarm, which retreated from Europe and was declared bankrupt in the Netherlands. Generally, however, layoffs have been a boon for climate as big tech talent has moved into or launched climate tech startups.
Persons: , Siobhan Brewster, Atomico, Brewster, Piotr Bukanski, Mike Schroepfer, Greg Sandoval, retrofits, Barcelona's, Balderton Capital's Magda Lukaszewicz, Stuart Ferguson, Schroepfer, Warner, Aenu's Brewster Organizations: Service, Business, Venture, Energy, Beringea, Gigascale, Sustainable Ventures, Silicon Valley Bank, Global, Ada Ventures Locations: London, Europe's, Ukraine, United States, Europe, Silicon, Netherlands
Megacap technology stocks reascended the throne in 2023 after a debilitating 2022 left some investors sour on the outlook for the industry. The stocks are really going to have to show what the next big thing is." Even as it outperformed the market, the e-commerce giant's gains were overshadowed by other large megacaps flaunting their latest AI innovations, with some worrying Amazon may be falling behind on AI technology . Semiconductor companies Intel , Broadcom and Lam Research also look attractive even if Mag 7 stocks maintain their leadership position as AI proliferates, Woods said. "It's a story that is just starting to play out and we're just going to build on it going forward," he said.
Persons: Tesla, Jay Woods, hasn't, Capital's, Woods, aren't, DoorDash, Uber, Neuberger, Dan Flax, Bard, missteps, Gene Munster, Ken Mahoney, Richard Bernstein, wouldn't, Brent Fredberg, we're Organizations: Federal, Nvidia, Amazon, Apple, Microsoft, Meta, Tesla, Freedom Capital, Asset Management, Richard Bernstein Advisors, Brandes Investment Partners, outperformance, Micron Technology, Semiconductor, Intel, Broadcom, Lam Research Locations: GOOGL
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJust Capital issues annual survey: America's top priorities for companiesCNBC's Pippa Stevens reports on the latest results from Just Capital's annual survey.
Persons: Pippa Stevens
The moon rises over the Toronto city skyline as seen from Milton, Ontario, Canada, January 23, 2016. REUTERS/Mark Blinch/File Photo Acquire Licensing RightsTORONTO, Dec 4 (Reuters) - Canadian banks had a mixed fourth quarter but a common theme underlining all the reports was the rise in bad loan provisions, signalling that lenders were strapping in for a shaky economy. Impaired loans related to residential mortgages, real estate and construction were also higher from the prior quarter, indicating that the banks were also being cautious when considering underwriting new loans. He noted that despite the mixed results, the banks reported healthy capital levels, giving investors assurance that the banks remain resilient. Reuters Graphics($1 = 1.3559 Canadian dollars)Reporting by Nivedita Balu in Toronto; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.
Persons: Mark Blinch, Verecan, Colin White, Dave McKay, Mike Archibald, Nivedita Balu, Mark Porter Organizations: REUTERS, Rights, Reuters, Bank of Canada, BOC, Royal Bank of Canada, CIBC, National Bank, Scotiabank, BMO, RBC, Reuters Graphics Reuters, AGF Investments, Reuters Graphics, Thomson Locations: Toronto, Milton , Ontario, Canada
[1/2] A communal worker cleans snow at the Exhibition of Achievements of National Economy (VDNH) during a heavy snowfall in Moscow, Russia December 3, 2023. REUTERS/Maxim Shemetov Acquire Licensing RightsMOSCOW, Dec 4 (Reuters) - Temperatures in parts of Siberia plummeted to minus 50 degrees Celsius (minus 58 degrees Fahrenheit) while blizzards blanketed Moscow in record snowfall and disrupted flights as winter weather swept across Russia. In the Sakha Republic, located in the northeastern part of Siberia and home to Yakutsk, one of the world's coldest cities, temperatures fell below minus 50 C, according to the region's weather stations. An abnormally early cold snap in Sakha pushed temperatures to even lower than minus 50 C in several areas of Sakha, a vast region just a little smaller than India. Temperatures in Moscow were forecast to fall to about minus 18 C later this week.
Persons: Maxim Shemetov, Lidia Kelly, Guy Faulconbridge, Jamie Freed Organizations: National, REUTERS, Rights, Thomson Locations: Moscow, Russia, Siberia, Sakha Republic, Yakutsk, Sakha, India, Russian, Melbourne
Many of this year's VC rising stars told Business Insider that their go-to power outfits included apparel like tailored sport coats or Chelsea boots, and more casual pieces like hoodies and well-fitting jeans. Very few investors are wearing collared shirts with their jackets, opting instead to pair it with a t- shirt and jeans. Nmachi Jidemna told Business Insider that for her everyday wear, her go-to was "usually a structured blazer with a relaxed pair of jeans." Lori Harvey (left) and Heidi Klum (right) wearing red outfits. Black flowy trousers, black turtleneck, and chunky black boots."
Persons: that's, Laura Bock, Nmachi Jidemna, Javier Grevely, Ralph Lauren, Tobi Coker, Janelle Teng, Patron's Amber Atherton, Jason Yeh, Ashley Paston, Justin Williams, VCs, Mahati Sridhar, Grady Dick, Michelle Farsi, Pear, Vivien Ho, Lori Harvey, Heidi Klum, Valentina Frugiuele, Bauer, Griffin, Luci Fonseca, RTFKT, Brandon Hoffman, JL, Sarah Wu, Emerson, Fiona Huang, Demi Obayomi, Natalie Borowski, Daisy Wolf, Andreessen Horowitz Organizations: Business, Wellington Management, Converse, Seae Ventures, Getty, GV, Nike, Sunset Ventures, Bain Capital Ventures Locations: London, Chelsea
Within two months of ChatGPT's launch, the groundbreaking chatbot amassed 100 million users, wowing investors, consumers and Wall Street with its ability to compose human-like text and hold a conversation. A year later, Wall Street hasn't stopped obsessing over it. Megacap technology stocks also prospered amid the newfound investor focus on AI. MSFT 1Y mountain Microsoft shares over the last year Rounding out the megacap list, both Meta Platforms and Amazon have rallied more than 177% and 51%, respectively. Salesforce shares surged more than 9% during Thursday's session on the back of a stronger-than-expected quarterly print .
Persons: , hasn't, Alphabet, Mark Zuckerberg, Andy Jassy, Salesforce, Brent Thill, CNBC's, Snowflake's, ChatGPT, Brad Gerstner Organizations: Federal, Nvidia, Devices, Marvell Technology, Microsoft, OpenAI, Meta, Amazon, CNBC, Semiconductor, Oracle, Jefferies, Technologies Locations: Salesforce
By David Alire GarciaMEXICO CITY (Reuters) - A historic Mexico City church has morphed into the capital's largest migrant shelter, with hundreds of sleeping mats stacked high inside and a growing tent city clustered around it where many await news before resuming their risky trek north. The church is a way station for migrants as most wait for unpredictable appointments with U.S. border agents through a mobile phone app. DHS did not share overall wait times and it is unclear if they have lengthened or shortened since then. Arriving at the church earlier this week, 30-year-old Venezuelan migrant Alejandro Urbina explained near his tent that he logs onto the app every day. Reverend Benito Torres, the church's pastor, explained that the Christian imperative to help the most vulnerable is what motivates him.
Persons: David Alire Garcia, Eva Alvarez, Dominick, Alejandro Urbina, Trixy, Benito Torres, Dave Graham, Lisa Shumaker Organizations: David Alire Garcia MEXICO CITY, Catholic, U.S . Department of Homeland Security, DHS Locations: Mexico City, America, United States, Honduran, San Pedro Sula, Honduras, U.S, Belgian, Colombia, Panama, New York, Mexican
GUATEMALA CITY (Reuters) - Guatemala's ruling-party-led Congress on Friday stripped four electoral judges accused of fraud of their immunity from prosecution, in a move critics fear is aimed at blocking President-elect Bernardo Arevalo from taking office next month. The move by Congress is seen as an attempt to appoint judges who oppose Arevalo's election and is the latest in a series of measures that could hinder the transition of power. All those judges except for Palencia, have left the country, immigration authorities said. Orlando Blanco, a representative for the VOS political party, said the objective was to name anti-Arevalo judges. "They want to ignore the electoral results and they need the electoral court to abide by that decision," Blanco said.
Persons: Bernardo Arevalo, general's, Arevalo, Irma Palencia, Ranulfo Rojas, Gabriel Aguilera, Mynor Franco, Orlando Blanco, VOS, Blanco, Sofia Menchu, Sarah Morland, Diane Craft Organizations: GUATEMALA CITY, Congress, San Carlos University, United Nations, Human Rights Locations: GUATEMALA, Guatemalan, Palencia, Guatemala, U.S
[1/2] Police stand guard as people gather during a protest accusing Guatemala's authorities of trying to block the accession of President-elect Bernardo Arevalo, in Guatemala City, Guatemala November 21, 2023. REUTERS/Cristina Chiquin/File Photo Acquire Licensing RightsGUATEMALA CITY, Dec 1 (Reuters) - Guatemala's ruling-party-led Congress on Friday stripped four electoral judges accused of fraud of their immunity from prosecution, in a move critics fear is aimed at blocking President-elect Bernardo Arevalo from taking office next month. The move by Congress is seen as an attempt to appoint judges who oppose Arevalo's election and is the latest in a series of measures that could hinder the transition of power. Orlando Blanco, a representative for the VOS political party, said the objective was to name anti-Arevalo judges. "They want to ignore the electoral results and they need the electoral court to abide by that decision," Blanco said.
Persons: Guatemala's, Bernardo Arevalo, Cristina Chiquin, general's, Arevalo, Irma Palencia, Ranulfo Rojas, Gabriel Aguilera, Mynor Franco, Orlando Blanco, VOS, Blanco, Sofia Menchu, Sarah Morland, Diane Craft Organizations: Police, REUTERS, GUATEMALA CITY, Congress, San Carlos University, United Nations, Human Rights, Thomson Locations: Guatemala City, Guatemala, GUATEMALA, Guatemalan, Palencia, U.S
In recent years, London's black cab drivers - who have to pass a test called "The Knowledge" requiring them to memorise thousands of routes within the city - blocked the streets in protests against the ride-hailing service. The new service, which will be rolled out in early 2024, follows nearly a decade of tensions between the two parties, including an unsuccessful legal challenge by black cab drivers against Uber's London operating licence in 2019. Under the new arrangement black cab drivers will be offered jobs with a pre-determined price range through Uber, which they can accept or reject. Uber will not charge black cab drivers a commission for the first six months of the deal. Hameed Hameedi, the first London cab driver to sign up with Uber, said: "Nowadays more passengers than ever are using apps so Uber opening up to Black Cabs will be a huge advantage to the trade."
Persons: Andrew Brem, Uber, Hameed Hameedi, Farouq Suleiman, William James, Tomasz Janowski Organizations: Uber Technologies, Uber's London, Uber, cabbies, Thomson Locations: British, Britain, France, Germany, Spain, London
After Sam Altman's ouster, many are wondering why OpenAI board members booted him. Bedrock Capital's founder, an OpenAI investor, is more concerned with a board member's background. Geoff Lewis said, without offering evidence, he thinks an ex-board member's ties to China should be examined. Instead of debating Toner's reason to oust Altman, Lewis said the "right set of questions" should be aimed at her background. AdvertisementToner, along with Tasha McCauley, the only two female board members of OpenAI, were removed from the board following their votes to vacate Altman from his role as CEO.
Persons: Sam Altman's, Geoff Lewis, , Sam Altman, Altman, Helen Toner, Lewis, Toner, CNBC's Rebecca Quick, Tasha McCauley Organizations: Service, Chinese Communist Party, CNBC, Oxford University's Center, Twitter, US Social, Foreign Affairs, Bedrock, Business, The New York Times, Microsoft Locations: China, OpenAI, Beijing
Haiti Gang Wars Now 'Cataclysmic' in Key Farmlands -UN Report
  + stars: | 2023-11-28 | by ( Nov. | At P.M. | ) www.usnews.com   time to read: +2 min
(Reuters) - Haiti's brutal gang wars have spread from the capital to key farming heartlands, displacing tens of thousands of people and having a devastating impact on access to food staples, the United Nations said in a report on Tuesday. The violence has severely limited humanitarian access to the area, leaving support for victims of sexual violence to cash-strapped rural associations. Victims rarely come forward, the report said, due to fear of reprisals and mistrust of police. "We are continuing to receive reports of killings, sexual violence, displacement and other violence – including in hospitals," he said. "The much-needed multinational security support mission needs to be deployed to Haiti as soon as possible."
Persons: U.N, Human Rights Volker Turk, Turk, Sarah Morland, Harold Isaac, Rosalba O'Brien Organizations: Reuters, United Nations, Human Rights Locations: Artibonite, Bas, United States, Haiti
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance settlement represents 'significant turning point' for crypto: AltTab Capital's Greg MoritzGreg Moritz, co-founder and COO of AltTab Capital, discusses why he believes Binance can thrive even more under new leadership and what's next for the crypto industry following the firm's settlement with U.S. government officials.
Persons: Capital's Greg Moritz Greg Moritz, what's Organizations: AltTab
PARIS (AP) — The mayor of future Olympic host city Paris says she is quitting X, accusing Elon Musk 's platform previously known as Twitter of spreading disinformation and hatred and of becoming a “gigantic global sewer” that is toxic for democracy and constructive debate. Political Cartoons View All 1265 ImagesHer office said that Paris City Hall is keeping its own separate account on X.Hidalgo's withdrawal from X follows a fractious period for the mayor. Hidalgo said some transport options won't be ready for the July 26-Aug. 11 Olympics. Hidalgo's office said her decision to leave X was not in response to the recent criticism but was thought-out over time. “This medium has become a gigantic global sewer, and we should continue to wade into it?”___Follow AP's coverage of the Paris Olympics: https://apnews.com/hub/2024-paris-olympic-games
Persons: Elon Musk, Anne Hidalgo, , X, Hidalgo, Clement Beaune, Musk, ” Hidalgo Organizations: PARIS, Olympic, Twitter, Associated, Socialist, Paris City Hall, Transport, Paris Locations: Paris, Pacific, New Caledonia, Tahiti, paris
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf the U.S. does not win on AI, the emerging China alliance will: Bedrock Capital's Geoff LewisGeoff Lewis, Bedrock Capital founder and managing partner, joins 'Squawk Box' to discuss the fallout at OpenAI, questions about the company's governance structure, A.I. arms race, and more.
Persons: Geoff Lewis Geoff Lewis Organizations: Bedrock Capital Locations: U.S, China
"For the opening ceremony, there is a specific protocol with the state and the Paris City Hall. We're confident that we're on track, that we will reach our goals," Paris 2024 Security director Bruno Le Ray told reporters on Thursday. "The first risk is the terrorist risk. We've integrated it, unfortunately, in all security plans," said Thomas Collomb, security executive director for Paris 2024. We will be talking about it (the Paris opening ceremony) for decades," she added.
Persons: Christian Hartmann, Bruno Le Ray, Thomas Collomb, Le Ray, Brittany Jacobs, Jacobs, Julien Pretot, Ken Ferris Organizations: IOC, Paris, REUTERS, Rights, Olympics, Paris City Hall, Games, France's, American Public University System, Reuters, Atlanta Olympic, Thomson Locations: Paris, France, Azerbaijan, Europe, Atlanta
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOPEC+ delay could cause bearishness in energy stocks short-term, says Again Capital's John KilduffJohn Kilduff, Again Capital founding partner, joins 'Power Lunch' to discuss OPEC's meeting delay and what it means for oil stocks.
Persons: Capital's John Kilduff John Kilduff Organizations: Capital
The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. Bain Capital said the firm itself committed $750 million to Bain Capital Asia Fund V, alongside existing and new investors. At $7.1 billion, the fund is Bain Capital's biggest to date for Asia and also the region's largest private equity fund raised this year, according to Preqin data. Bain Capital, which started fundraising in the second half of 2022, had an initial target of $5 billion. Bain Capital invests across multiple asset classes, including credit, public equity, venture capital and real estate, managing approximately $180 billion in total assets globally.
Persons: Kim Kyung, you've, David Gross, Gross, Toshiba Corp's, Bain, Kane Wu, Jacqueline Wong Organizations: Bain Capital, REUTERS, Bain Capital Asia Fund V, Bain Capital's, Bain, ., Toshiba, Chindata, Estia, Intelligence, Thomson Locations: Tokyo, Japan, HONG KONG, Asia, U.S, Bain Capital's Asia, . Asia, China, India
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