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☆ Opinion: ‘The big one’ disaster could happen in our lifetime. Can we be ready?
▼ + stars: | 2024-07-14 | by ( Opinion Jeff Schlegelmilch | ) edition.cnn.com time to read: +15 min

The country’s Disaster and Emergency Management Authority is active but relatively new in its current form, having been consolidated as a single agency only in 2009. The practice of emergency management has generally originated from the first responder community and the civil defense era, primarily with a focus on consequence management. But as emergency management agencies have been designed, emergency management systems have been shaped by laws and agreements across government bureaucracies and partners in the private and nonprofit sectors with a narrower focus on managing consequences, focused more on logistics than sociology. But disaster management in practice is still fundamentally a numbers game. Strong emergency management agencies are also important.

Persons: CNN —, Jeff Schlegelmilch Jonathan Sury, Paula Bronstein, Jeff Schlegelmilch, George Rose, Enrico Quarantelli, ”, ” Jeff Schlegelmilch, Megadisasters, Ho Organizations: CNN, Emergency Management Authority, Defense Department, Alaska Airlines, Geological Survey, Federal Emergency Management Agency, FEMA, United Nations Office, Nations, Twitter Locations: Gaziantep, Turkey, Hatay, America, Syria, Vesuvius, Patong, Phuket, Thailand, Ukraine, Mount St, Helens, Seattle , Washington, United States, Port, Prince, Haiti, Japan

☆ A couple in their 20s converted 11 camper vans before building their dream one. Take a look inside the $127,000 Ram ProMaster.
▼ + stars: | 2024-07-13 | by ( Monica Humphries | ) www.businessinsider.com time to read: +9 min

After a bout of burnout, the pair decided to quit their conversion business and prioritize building a van to travel in. Scarlett and Seth EskelundAfter five years of converting and selling vans, the couple was ready to build their dream oneIn 2018, Seth and Scarlett felt stuck. Since 2018, Seth and Scarlett converted 11 vans, including three they lived in; their builds typically took three to six months. Side-by-side images of the interior of the couple's $127,000 van build. And while they accomplished their dream van, Scarlett said, "You couldn't pay us to do it again."

Persons: —, Scarlett, Seth Eskelund, Seth, It's, Scarlett Eskelund, Ram ProMaster, Scarlett Eskelund paddleboarding, van Scarlett, haves, Lula, Sasha, they've Organizations: Service, Business, The New York Times Locations: The, Colorado, Mexico, Canada

☆ Where Germany’s Immigration Debate Hits Home
▼ + stars: | 2024-07-13 | by ( Sarah Maslin Nir | Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

The leafy market square, ringed by Middle Eastern restaurants in a quiet city where nearly half the residents have immigrant backgrounds, seems like the last place that would spur Germany’s latest explosive wave of nationalist backlash. But it was in Mannheim where prosecutors say an Afghan man stabbed six people in May at an anti-Islamist rally, killing an officer who had intervened. But the death and the fact that the man accused had his asylum claim denied years ago set off calls for the expulsion of some refugees. It has been particularly painful for the longtime Muslim population of the city, where, according to some estimates, nearly one in five people are of Turkish descent. That worry has heightened since January, when an exposé revealed a secret meeting by members of the extreme right during which the deportation of even legal residents of immigrant descent was discussed.

Locations: Mannheim, Germany

☆ Hurricane Beryl: Houston area residents frustrated as they enter 6th day without power and air conditioning in punishing heat
▼ + stars: | 2024-07-13 | by ( Dalia Faheid | Taylor Galgano | ) edition.cnn.com time to read: +11 min

We should not have had nine fire stations without power,” Patrick said. Combined with power outages, alarmingly dangerous consequences have ensued. CenterPoint foreign assistance crews work to restore power lines on Thursday in Houston, Texas. Danielle Villasana/Getty ImagesFrustration mounts with Houston utility providerThe crisis comes more than three years after massive power outages hit the state. Greg Abbott has requested an investigation into CenterPoint Energy and other electric companies in the wake of the outages, Patrick said in a news conference Thursday.

Persons: Hurricane Beryl, Energy –, Jordyn Rush, “ It’s, ” Rush, “ I’m, Gov, Dan Patrick, ”, ” Patrick, Beryl, KP George, Dawn O’Connell, Nim Kidd, Patrick, Kidd, Rush, it’s, Hurricane, Brian Maxwell, Danielle Villasana, Greg Abbott, CenterPoint, Jason Wells, “, ” Wells, Larry, Brandon Bell, Destinee Rideaux, she’s, she’s “, “, Rideaux, Laura, she’ll Organizations: CNN, Energy, Houston, Jordyn, CenterPoint Energy, Sunday, “, US Department of Health, Human Services, Preparedness, Texas Emergency Management, Gov, Federal Emergency Management Agency, Texas Gov, CenterPoint, Houston Chronicle, Ward Locations: Texas, Vermont, Louisiana, Houston, Fort Bend County, Harris County, Crystal Beach, City, Galveston, Houston , Texas, Iowa , Louisiana, Hurricane

☆ Opinion: We built our world for a climate that no longer exists
▼ + stars: | 2024-07-12 | by ( Opinion Jeff Goodell | ) edition.cnn.com time to read: +7 min

But it’s evidence of one of the central truths of our time, and one that is becoming more and more apparent every day: We have built our world for a climate that no longer exists. But less than two months earlier, a sudden windstorm in the city blacked out electricity for more than a million people. How many blackouts will it take before we realize today’s power grid was built for yesterday’s climate? One clear example: the incredible decline in the cost of renewable power in recent years. In virtually every part of the world, electricity generated by renewable power is cheaper than electricity generated by fossil fuels.

Persons: Jeff Goodell, Read, – wouldn’t, Firefighters, Hurricane Beryl, Ethan Swope, I’ve, Andreas Solaro, –, ”, Rafiq Maqbool Organizations: CNN, Big Oil, Hurricane, AP, Nature Medicine, Big, Toyota, GM, Kodak, Getty Locations: Manhattan, New York City, Houston, Big, Oroville , California, California, Palm Springs, London, Paris, Madrid, Europe, Phoenix, Saudi Arabia, Rome's, AFP, Texas, Mecca

☆ Texas needs money to keep the lights on during extreme weather. It’s funding more fossil fuel instead
▼ + stars: | 2024-07-12 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

But rather than shuttling money into strengthening its grid to make sure the lights and A/C stay on during increasingly extreme weather, Texas is pouring billions of taxpayer dollars into new natural gas-fired power plants. Adding more electricity to the grid isn’t necessarily a bad thing because the state is facing higher demand, said Texas energy expert Doug Lewin, founder of consulting firm Stoic Energy. The state prioritizes natural gas power plants or backup natural gas generator systems. Centerpoint and other Texas utilities are no stranger to extreme weather. “In addition to extreme weather, the company’s service area also experiences heavy precipitation and extreme temperatures,” the company wrote in the report.

Persons: Beryl, Doug Lewin, ” Lewin, it’s, Texas Republicans ’, ” Michael Webber, Centerpoint, Joshua Rhodes, ” Rhodes, Rhodes, It’s, haven’t, doesn’t, ”, Alison Silverstein, Microgrids, Lewin, “ We’ve, “ That’s Organizations: CNN, Houston, Energy, Texas Republicans, University of Texas, Centerpoint Energy, UT Austin, Texas Public Service Commission Locations: Houston, Texas, Austin, “

☆ Big Tech has a problem thanks to energy-gobbling AI. These stocks may help solve it
▼ + stars: | 2024-07-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The tech sector faces a moment of truth in its ambitious climate targets, as the growing power needs of artificial intelligence data centers jeopardize the industry's promise to slash carbon emissions. Goals at risk The energy needs of AI computing pose a significant challenge to Google's and Microsoft's ambitious climate goals. Google aims to achieve net-zero emissions by 2030 through around-the-clock carbon-free energy on every electric grid where it operates. Holcim and Skia offer construction solutions that improve energy efficiency and promise to reduce the carbon footprint of buildings. Schneider Electric and Legrand help make data center servers more efficient through power management and temperature solutions.

Persons: Keith Weiss, Morgan Stanley's, Morgan Stanley, Legrand, Schneider Organizations: Google, Microsoft, AES Corporation, Bloom Energy, AES Corp, Schneider

☆ 10 states with America's worst infrastructure, and most to gain from billions in federal dollars
▼ + stars: | 2024-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +16 min

To evaluate each state's infrastructure, our Top States study considers not just roads, bridges, ports and airports. The state broadband office notes that it is the nation's ninth-largest allocation per capita. The state's power grid is among America's least reliable, according to U.S. Department of Energy data. The severe weather means power outages are frequent as well. Since then, the power outages have persisted, making Maine's grid among the worst in the nation.

Persons: Pete Buttigieg, Seth Martindale, Rusty, Dan Koeck, Doug Burgum, Biden, Mark Miller, Suzanne Kreiter, Jim Justice, Senators Joe Manchin, Shelley Moore Capito, Mississippi Brenda Gavin, Elnora Ross, Michael Democker, Robert Gauthier, We're, Lauren Owens Lambert, Logan —, stoplights, Brianna Soukup, Lance King Organizations: Companies, Business, CNBC, Infrastructure Law, Arkansas Turrell, Arkansas Broadband Office, Law, Arkansas Economic Development Corporation, North Dakota, Washington Post, Peace Garden State, U.S . Department of Energy, Power Company, Dakota Utilities, Montana Bison, Getty, Industrial, Rte, Boston Globe, Census, U.S . Department of Transportation, West Virginia, Gov, U.S, Senators, West Virginia Coal Association, Justice, Manchin, Virginia Economic, First Street Foundation, Hawaii, Los Angeles Times, Afp, Boston Regional Airport, Spirit Airlines, Orlando, Logan, JetBlue, White Mountain Cable, Portland Press, Portland Press Herald, Central Maine Power, Power, Energy Department, Maine Locations: States, Arkansas, Arkansas Turrell Arkansas, Turrell Arkansas, Underwood, Peace, North Dakota, Minnesota, Dakota, Buffalo, Yellowstone, Montana, Massachusetts, Canton, Bay State, Boston, Kanawha, Poca, West Virginia, Winfield, Putnam County, Mountain State, Virginia, Mississippi, Louin , Mississippi, Gulf, BroadbandNow, Lahaina , Hawaii, Maui, Lahaina, Western Maui, Hampshire, Hampton , New Hampshire, Manchester, New Hampshire, New England, Maine, Epsom , New Hampshire, Brighton, Woodford Street, Portland, Alaska, Dalton, Coldfoot , Alaska

☆ America's 10 best states for infrastructure, where you can rely on roads, bridges, airports, power, and internet
▼ + stars: | 2024-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +14 min

To rate each state's infrastructure, we look at roads, bridges, ports and airports. New in 2024, we evaluate so-called site readiness programs set up in many states to link companies with shovel-ready sites. The Economic Development Partnership of Alabama offers one of the more robust site readiness programs in the nation. Roads, bridges, and broadband are also in excellent shape in Tennessee. A respectable 24% of the state's power comes from renewable energy, putting it in the top half of states.

Persons: Pete Buttigieg, Buttigieg, Gary Hershorn, Brad Lander, Kathy Hochul, Luke Sharrett, Liam Kennedy, Chicago —, Carl Sandburg, Minnesotans, Tim Walz, Nathan Howard, — Virginia, Caitlin O'Hara, Elijah Nouvelage Organizations: Infrastructure Law, CNBC, Law, Business, Empire, Hudson, Corbis, Census, Gov, Indiana, CSX Corp, Bloomberg, Getty, Crossroads of America, U.S . Surface Transportation, Hoosier State, of Energy, Street Foundation, Economic Development, Alabama, Tennessee Downtown, Istock, Volunteer State, Energy Department, Illinois Metra, Chicago, Railroads, Census Bureau, Surface Transportation, Traffic, Midway, Chicago Department of Aviation, Lincoln, Minnesota, Jimkruger, Minnesota's Department of Economic, The Utah Department of Transportation, Beehive State, Planners, Virginia, Amazon.com Inc, —, Washington Post, Georgia Passengers, Hartsfield, Jackson Atlanta International Airport Locations: States, York, Manhattan, New York City, New York, Ohio, Clarksville , Indiana, U.S, Indiana, Alabama, Trinity , Alabama, Yellowhammer State, Tennessee Downtown Nashville , Tennessee, Tennessee, Illinois, Chicago, Rudybalasko, Texas, Minneapolis , Minnesota, Mississippi, Minneapolis, Utah, Salt Lake City, Beehive, Farmington, Ashburn , Virginia, Northern Virginia, Arizona, Phoenix , Arizona, Atlanta , Georgia

☆ European markets head for positive open as political worries subside
▼ + stars: | 2024-07-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Liverpool Street train station beneath the new skyline of skyscrapers in the City of London financial district on 14th February 2022 in London, United Kingdom. LONDON — European stocks are expected to open higher Wednesday as concerns over the political outlook in France subside. France's CAC 40 index closed 1.81% lower Tuesday as traders assessed the implications of a hung parliament and a period of political uncertainty in France. Asia-Pacific markets were mixed overnight, even as key Wall Street benchmarks rose following dovish comments from U.S. Federal Reserve Chairman Jerome Powell Tuesday. U.S. stock futures were little changed in overnight trading Tuesday after the S&P 500 notched a fresh record close.

Persons: Germany's DAX, Emmanuel Macron, Jerome Powell, Powell Organizations: Liverpool, LONDON, CAC, IG, Front, NFP, U.S . Federal, National Grid Locations: City, London, United Kingdom, France, Asia, Pacific, U.S, Wetherspoons

☆ There's a major bottleneck in AI data center expansion, analysts say. Here's how to play it
▼ + stars: | 2024-07-09 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

One area is causing a major bottleneck in data center expansion and the energy transition, according to several analysts: the power grid. Morningstar said in its third-quarter equity market outlook last week that: "The grid is the biggest bottleneck of the energy transition. Over in China, there are also targets to accelerate the "intelligent transformation" of grid infrastructure and the construction of smart micro-grids, the bank said. Over in China, HSBC likes one Chinese stock to play the power grid infrastructure bottleneck. There's also one exchange-traded fund that tracks the sector: the First Trust Nasdaq Clean Edge Smart Grid Infrastructure UCITS ETF , which tracks the performance of stocks in the grid and electric energy infrastructure sector.

Persons: Morningstar, Louis Navellier, There's Organizations: Citi, Veolia, HSBC, Navellier, Associates, Emcor, Infrastructure Locations: United States, New York , California, Europe, China, RWE

☆ Investors can nab attractive dividends with these high-quality stocks
▼ + stars: | 2024-07-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Those dividends may begin to look more attractive to investors as the Federal Reserve starts cutting interest rates. UBS compiled a list of global, high-quality dividend stocks using its quantitative models, as well as its fundamental analysts. "Throughout the process, we emphasise the stability and growth potential of dividend streams, as opposed to the current yield," analyst Claire Jones said. Investors can grab a 2.69% dividend yield with Home Depot . The oil giant boasts a 3.35% dividend yield and is up more than 11% so far this year.

Persons: What's, Claire Jones, Richard McPhail, Giovanni Staunovo, Brent, Jonathan Woloshin, Sempra, Jeffrey Martin, CNBC's Jim Cramer, Melissa Repko, Spencer Kimball Organizations: UBS, Federal Reserve, Depot, CNBC, Exxon Mobil, Exxon, Pioneer Natural Resources, CME Group, JPMorgan, Group, Utilities Locations: Saudi, Aramco

☆ The Arizona primary where the MAGA movement is devouring itself
▼ + stars: | 2024-07-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +18 min

"He is running a very bigoted race," Hamadeh told me of Masters, "and MAGA and the America First movement is bigger than that." An anti-Hamadeh yard sign, paid for by the Masters campaign, beside one of Hamadeh's own signs in the 8th district. "This guy, he lost against Mark Kelly because he's a weirdo," Hamadeh told me. "I think that warrants some investigative journalism," Hamadeh told me. "I can't vote for you," one woman, apparently not a prospective constituent, told Hamadeh as she shook hands with him after the event, "but I'll give you a donation."

Persons: Abe Hamadeh, Hamadeh, I've, He's, Donald Trump, Kari Lake, MAGA, Blake Masters, Peter Thiel protégé, who's, It's, Bryan Metzger, Ben Toma, Debbie Lesko, Sen, Anthony Kern, There's, Trent Franks, Israel, there's, Lesko, —, Abraham, Abe, Ron Paul, Prophet Muhammad, Jesus, fashioning, he's, Trent, They're, MAGA bromides, JD Vance, Ohio, Masters, Vance, Ted Kacynski, Blake, Mark Kelly, Kari, Brandon Bell, Trump, Clarence Thomas, Thiel, Hamadeh's, Arizona Republic —, Rebecca Noble, Toma Organizations: Service, Republican, GOP, Arizona, Capitol, Trump, Masters, Supreme, Daily, University of, Maricopa County Attorney's, US Army Reserve, Republican Party, Senate, Sun City, Justice, Republicans, Sun City West, Stanford University, FBI, Thiel Capital, Fox News, Arizona Republic, Sun, Arizona House Locations: Phoenix, Arab American, Arizona, America, Tucson, North Phoenix, Washington, There's, Maricopa County, Mecca, Chicago, Skokie, United States, Saudi Arabia, Jerusalem, Istanbul, Vatican, Thailand, Japan, Sun City, crazies, Scottsdale, it's

☆ Live Updates: Beryl Expected to Hit Texas as a Hurricane
▼ + stars: | 2024-07-07 | by ( Isabelle Taft | ) www.nytimes.com time to read: +4 min

Beryl was forecast to bring winds of up to 110 miles per hour to parts of southeast Texas by early Monday. Texans are unusually familiar with power outages: The state had more weather-related power outages from 2000 to 2021 than any other, according to the advocacy organization Climate Central. In 2008, Hurricane Ike left two million customers across eastern Texas without power for three days after the storm. Hurricane Rita, in 2005, also caused widespread power outages lasting as long as seven days in some Texas counties. Texas officials, electricity companies and individuals were all thinking about the grid as Beryl churned through the Gulf of Mexico.

Persons: Nim Kidd, Beryl, Hurricane Ike, Hurricane Harvey, Ike, Harvey, Hurricane Rita, Gov, Dan Patrick, Thomas Muñoz, Muñoz, Robert DeShazo, “, ” Organizations: Texans, Texas Division, Emergency Management, Monday, Climate Central, Public, Commission, Energy, AEP Texas, Facebook, Corpus Christi Locations: Austin, Texas, Louisiana, Houston, U.S, Hurricane, Gulf of Mexico, South, West Texas, Ohio, Victoria, Rio Grande Valley

☆ Lewis Hamilton takes ‘fairytale’ victory at home British Grand Prix
▼ + stars: | 2024-07-07 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Lewis Hamilton won his home race at the British Grand Prix on Sunday, battling to a thrilling, record-extending victory as the lead changed hands several times on a rain-slicked track at Silverstone. For Hamilton to win his last British Grand Prix with Mercedes – the team with whom he dominated the sport for so long – seemed like a “fairytale,” team principal Toto Wolff told broadcaster Sky Sports after the race. Lewis Hamilton celebrates on the podium after winning the British Grand Prix. “This is my last race here at the British Grand Prix with this team, so I wanted to win this so much for them. But both Mercedes cars ran wide off the track across the run-off shortly afterwards, allowing Norris to overtake Russell and then to accelerate past Hamilton too.

Persons: CNN — Lewis Hamilton, Hamilton, Jack, Max Verstappen, Red, Mercedes –, Toto Wolff, Lewis Hamilton, Peter Cziborra, ” “ It’s, ”, “ There’s, Mark Thompson, George Russell, McLaren’s Lando Norris, Russell, Norris, Verstappen Organizations: CNN, Prix, Sunday, Silverstone, Red Bull, Hamilton, Sky Sports, British, Getty Locations: British, Saudi, Hamilton, Silverstone

☆ Waymo's robotaxis are better than some San Francisco drivers
▼ + stars: | 2024-07-07 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +11 min

Waymo's autonomous driver is pretty damn smart, and aside from a few hesitations, the robotaxi offers a smooth, comfortable experience with competitive pricing against other ride-hailing apps. Lloyd Lee/Business InsiderWaymo's 5th generation autonomous driver could be best described as a safe but not an annoyingly cautious driver. It did the same thing to give itself more room when it detected a large parked bucket truck slightly in Waymo's lane. The expectation I had that the Waymo driver would be stiff, as the term "robot taxi" might suggest, was dispelled throughout the rides. The spokesperson said it's also possible I failed to notice something the Waymo car picked up.

Persons: —, San Francisco —, Uber, Lloyd Lee, Spokespeople, Lyft, Andrew Macdonald, Uber's, Waymo, Waymo's, BI's Peter Kafka, it's Organizations: Service, Business, Financial, SF, PACE, Jaguars Locations: San Francisco, Los Angeles, Austin, Pine

☆ Keir Starmer must fix Britain’s economic mess after UK election win
▼ + stars: | 2024-07-05 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

London CNN —British voters have handed the Labour Party its first election victory in almost two decades, hoping that a new center-left government will revive Britain’s ailing economy and fix collapsing public services. The win is a triumph for Keir Starmer, a former chief prosecutor who only entered parliament in 2015 and will become prime minister later Friday. “It feels good, I have to be honest.”But Labour’s jubilation may soon give way to trepidation given the economic challenges ahead. Making these problems even harder to solve: stubbornly low economic growth. To some extent, the government is likely hoping economic growth will be stronger than forecast and help with both goals.

Persons: Conservative Party —, Keir Starmer, ”, ” Gregory Thwaites, ” ‘, “, Paul Johnson, —, Dominic Lipinski, Johnson, Louise Hellem, Rachel Reeves, Stefan Rousseau, ” Brexit Organizations: London CNN — British, Labour Party, Conservative Party, National Health Service, Universal Credit, CNN, Labour, for Fiscal Studies, Bloomberg, Getty, Wealth Fund, Great, Great British Energy, “, Confederation of Business Industry, Conservative, Shadow, AP, European Union, Trade Locations: England, Scotland, Wales, Selby, UK, Great British, Britain, Southampton, United States

☆ The AI boom will push America's shaky power grid to its limit
▼ + stars: | 2024-07-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

The artificial intelligence boom is straining America's power grid. All three trends have sparked ongoing concerns about the power-hungry nature of new technologies as they push America's shaky power grid to the limit. And with hundreds of millions of users already interacting with AI tools like ChatGPT, the power demand for AI technologies is only set to rise. Bank of America put into perspective the challenges faced by the power grid as it grapples with surging demand from AI data centers. AdvertisementSome eye-opening stats about the US power grid cited by Bank of America include:"The US grid produces 1,250 gigawatts (GW) of electricity from 9,200 generating units.

Persons: Baird, Ted Mortonson, —, Mortonson, Goldman Sachs Organizations: Service, Bank of America, Oracle, Wall Street Journal, Constellation Energy, Xcel Energy, NextEra, Southern Co Locations: Michigan, Pennsylvania, East, NextEra Energy

☆ Heat waves: Here’s why your AC can’t save you anymore
▼ + stars: | 2024-07-04 | by ( Laura Paddison | ) edition.cnn.com time to read: +8 min

Then came the heat wave. But it is also a lifeline against increasingly brutal heat, the deadliest type of extreme weather. It allows people to live in places where temperatures push close to the limits of survivability and where extreme heat persists even at night. And many electrical grids are being pushed to a breaking point due to increasingly frequent extreme weather and soaring demand for cooling. Heat can affect vital organs and cause heat exhaustion, heat stroke and even death.

Persons: Ida, ”, Jen Brady, Michael Webber, Webber, Brian Stone Jr, Hurricane Ida, Leah Millis, ” Webber, ” Stone, Stone, Kate Gallego, ” Gallego, it’s, Mario Tama, Central’s Brady, —, Ian, “ Organizations: CNN, Climate Central, Climate, University of Texas, Georgia Institute of Technology, “, Service, Authorities, Arizona Public Service, Babcock Locations: Louisiana, New Orleans, Austin, California, Pacific Northwest, Europe, Albania, Bosnia, Croatia, Montenegro, New Orleans , Louisiana, Hurricane, Atlanta, Detroit, Phoenix, Phoenix , Arizona, Florida

☆ As heat levels climb, so do power bills. Here’s how you can keep costs down
▼ + stars: | 2024-07-04 | by ( Erika Tulfo | ) edition.cnn.com time to read: +5 min

But on the tail of a record-breaking heatwave that swept the Midwest and Northeast, she’s finding it difficult to keep costs down. Americans’ power bills are expected to soar this summer, as heat waves have already begun baking parts of the country. But keeping your AC off when you’re not home may actually result in higher bills later on. In an aerial view, high voltage power lines run along the electrical power grid on May 16, 2024, in West Palm Beach, Florida. A higher rating indicates lower energy consumption levels and, in turn, lower costs of cooling.

Persons: Emma Corrado, “, ”, Corrado, Annie Carforo, Carforo, Anthony Behar, SIPPL, Jamie McShane, Con Edison, ” Carforo, you’re, Mark Wolfe, Wolfe, Joe Raedle, ” McShane, Con, ” Wolfe Organizations: CNN, University of Wisconsin -, WE ACT, Environmental Justice, Costco, Department of Energy, National Energy Assistance, Association Locations: University of Wisconsin - Madison, Midwest, Madison , Wisconsin, York, Queens, New York City, NY, New York, acclimate, West Palm Beach , Florida, Bronx , Brooklyn, Manhattan, Westchester

Learn moreThe 4th of July sales and deals are officially underway, and what could be more patriotic than stocking up on some products made in the USA? Whether you're ready to drop some major cash or you're just looking to browse some knickknacks, we've got you covered. Brands like Zippo, Igloo, and Brooklyn Bedding all carry multiple American-made products, and we've highlighted some of the best. Don't forget to check out our massive roundup of the best 4th of July sales from products made around the world, too. It's pre-seasoned for convenience, and this brand regularly features in our guide to the best cast iron skillets.

Persons: we've, Buddy Organizations: Business, Brands, Weber, Purple, Walmart Locations: USA, American, Brooklyn

☆ 'The worst is in the rearview mirror': Why Wall Street thinks Tesla's comeback story is finally here
▼ + stars: | 2024-07-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Tesla stock had a tough first half of 2024 but Wall Street is eyeing a turnaround. Tesla deliveries slumped for the second quarter in a row, but they were stronger than analysts had expected, with clocking in at 443,956, compared to estimates of 436,000. AdvertisementTesla also reduced its inventory over the second quarter and boosted its energy storage to an all-time high. Morgan Stanley reiterated its "overweight" rating on Tesla stock with a price target of $310, implying another 30% upside. In the most bullish scenario, Tesla stock could rally to $400 by the end of the year, Ives said, implying 63% upside from current levels.

Persons: —, Wall, Musk, Tesla, Morgan Stanley, Elon, Garrett Nelson, Robotaxi, Nelson, CFRA, Keith Fitz, Gerald, Gerald Research, Dan Ives, Wedbush, Ives Organizations: Service, Elon, Wall Street, Investors, Tesla Energy, CFRA, CNBC, Wedbush Securities

☆ Navajo Nation: As it gets hotter, 13,000 families in this pocket of America live without electricity
▼ + stars: | 2024-07-03 | by ( Ashley Killough | Ed Lavandera | ) edition.cnn.com time to read: +10 min

But Benally – like 13,000 families in roughly a third of Navajo Nation households – is still off the electrical grid. But while private companies tapped those resources in the 20th century to help electrify areas around the Southwest, the Navajo Nation reaped few benefits. Linemen work to install power lines to bring electricity to the Navajo Nation. Today, it costs the Navajo Nation $40,000 per family, largely due to the remote, desert land. William Lee Tom Jr. screws in a lightbulb at his Navajo Nation home.

Persons: New Mexico CNN — Katherine Benally, Benally, “, ”, Bryan English, Dave Lock, Franklin Roosevelt’s, Ashley Killough, Bennett, Deenise Becenti, who’ve, Arlene Henry, Arlene Henry doesn't, Arlene Henry's, CNN “, ” Henry, Henry, ” Henry clutched, William Lee Tom Jr, He’s, Tom, it’s, Joel De La Rosa Organizations: New Mexico CNN, Navajo, Navajo Nation, Trico Electric Cooperative, ”, Canyon, Electric Cooperative Association, US Energy Department, CNN, Navajo Tribal Utility Authority, American Public Power Association, National Rural Electric Cooperative Association, Workers Locations: New Mexico, United States, American, America, Arizona, Benally’s, West Virginia, Navajo, Crystal , New Mexico, Rock , Arizona

☆ Want to cash in on the AI boom? Buy these 2 lesser-known stocks, portfolio manager says
▼ + stars: | 2024-07-03 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Carey, a portfolio manager at the U.S.-headquartered investment advisory firm which manages around $4 billion, estimates that returns from AI will be across "multi-years [and] decades." AI companies have a very, very large moat, not only on the hardware side, but also, on the software side. Among the names Carey is bullish on is power management company Eaton . Shares of the U.S. power management company have had a bumpy ride over recent days, but remain up nearly 30% year-to-date and 54.4% in the last 12 months. He noted the "strong demand" for the small-cap's packaged solutions and products.

Persons: Carnegie Investment Counsel's Christopher Carey, Carey, Eaton, Powell Organizations: Carnegie Investment, Nvidia, Amazon, Microsoft, Broadcom, Powell Industries Locations: U.S

☆ AI data centers could add 3 New York Cities of demand to the power grid in 2 years
▼ + stars: | 2024-07-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

So far, the only part of Earth AI seems hell-bent on dominating is the power grid. AI data centers are doubling the pace of electricity demand growth in the US to the extent that demand could exceed supply in just two years without action, according to Bernstein Research. The potential shortfall could mean higher prices for the computing power AI developers of all sizes are clamoring for, along with ample opportunity for investors willing to build up supply. How are AI companies planning aheadIt's not just the total power needed for AI computing infrastructure, it's the unique cadence of the power need and the cooling AI chips require. Amazon is clearing some of these hurdles by colocating some data centers with nuclear power sites.

Persons: —, that's, catchup, Bernstein, Jensen Huang, Huang, Agrawal, we're, Andrew Feldman, Feldman Organizations: Service, Bernstein Research, Business, Nvidia, Vertiv, Lambda, Cerebras Systems Locations: UAE, South Africa, Kenya, Nigeria, Egypt, Iceland

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