CNBC’s Jim Cramer on Thursday told investors that resources like fossil fuels will remain important and enable technological innovations, even as investments in renewable energy continue to grow.”If we need more energy we’re going to get it from what comes out of the ground … fossil fuels that will power the data center, specifically natural gas,” he said. “You may be reluctant to invest in it, you might think who cares, but you need to know how vital all of this fossil fuel technology is to the growth of the Magnificent Seven.”Cramer highlighted Big Tech’s “insatiable demand for energy,” saying…
Author: usaeverydaylife
INGLEWOOD, Calif. — A cardboard tray filled with chicken fingers can hide more than you think. On Wednesday, a man named Chris used one to make LA Clippers history.See, Chris had a plan. A Los Angeles resident attending the first-ever regular-season game at the Clippers’ new arena, he would enter enemy territory, and he would use his chicken fingers to get there. His friend, a Clippers fan, had invited him to opening night. But Chris was a supporter of the visiting Phoenix Suns.He wanted to show it — and he chose the worst section to do so.A feature unique to…
As corporate giants report their quarterly earnings updates in the coming days, one investment bank has suggested that investors bet against two Big Tech stocks. Analysts at Itau BBA, the largest investment bank in Latin America, said investors should short Apple and Amazon before their quarterly financial results are released on Oct. 31. Shorting is the process of borrowing shares to sell immediately, hoping to repurchase them later at a lower price and pocket the difference. Investors also often use options contracts to take a short position on a stock to limit losses or amplify returns. The investment bank said…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 24, 2024. Brendan McDermid | ReutersStocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.Here’s what CNBC TV’s producers were watching as the S&P 500 ended a three-day losing streak, and what’s on the radar for the next session.TeslaThe stock is back in fashion among traders and investors. Tesla was up nearly 22% Thursday. The stock is now just 4% from the…
CNBCs Alex Sherman talks his conversation with NBA Commissioner Adam Silver on the rising popularity of the WNBA. Source link
The electricity industry is transforming, according to Morgan Stanley, and multiple power producers, grid operators and utilities are set to benefit. “Power demand is booming, prices are inflecting, and cost to produce clean power has fallen by a third around the world since 2023, and more so in Asia,” the investment bank’s analysts outlined in an Oct. 23 note. “Global power markets have surprised on multiple fronts, and investors are navigating a new normal in the power value chain,” they added. The analysts noted that although power demand has risen around the world, investors have “yet to agree this is…
KLADNO, Czechia — In Kladno, Czechia, 30 kilometers northwest of Prague, sits a 5,200-seat hockey arena in a clearing in the woods. This is the town and the rink that made Jaromir Jagr. Before he piled up 1,921 points in 1,733 NHL games and won five Art Ross trophies and two Stanley Cups, Jagr was the next big thing in this Czech town. And now at 52 years old, 36 years after he first played a game for Kladno, the NHL legend is the one keeping this team alive.On a Tuesday night in early October, Rytiri Kladno, the Czech Extraliga…
Tokyo, Japan skyline with the Tokyo TowerChunyip Wong | E+ | Getty ImagesAsia-Pacific markets were set to mostly fall Friday, with investors awaiting Japan’s general election over the weekend.Japan also released its October inflation numbers for the capital city of Tokyo on Friday, its last key economic data before the election. The Bank of Japan’s monetary policy meeting is due on Oct. 30 and 31.Tokyo’s inflation is widely considered a leading indicator of nationwide trends.The city’s headline inflation rate fell to 1.8% in October from 2.2% the month before, with core inflation — which strips out prices of fresh food…
Brandon Oglenski, Barclays, joins ‘Fast Money’ to talk UPS earnings and why he is still bearish on the stock. Source link
View of the Dali cargo vessel which crashed into the Francis Scott Key Bridge causing it to collapse in Baltimore, Maryland, U.S., April 4, 2024. Nathan Howard | ReutersThe owner and manager of the cargo ship that caused the Baltimore bridge collapse have agreed to pay more than $100 million to settle a lawsuit brought by the Justice Department, officials said Thursday.The settlement comes a month after the Justice Department sued Dali owner Grace Ocean Private Ltd. and manager Synergy Marine Group, both of Singapore, seeking to recover funds the government spent to clear the underwater debris and reopen the city’s port, which…
