Author: Press Room

This story is part of CNBC’s “Transmission Troubles” series, an inside look at why the aging electrical grid in the U.S. is struggling to keep up, how it’s being improved and why it’s so vital to fighting climate change.Wind and solar power generators wait in yearslong bureaucratic lines to connect to the power grid, only to be faced with fees they can’t afford, forcing them to scramble for more money or pull out of projects completely.This application process, called the interconnection queue, is delaying the distribution of clean power and hampering the U.S. in reaching its climate goals.The interconnection queue…

Homebuyers benefited from another week of falling mortgage rates, with the average rate dropping for the fourth week in a row, according to data from Freddie Mac released Thursday. The 30-year fixed-rate mortgage averaged 6.28% in the week ending April 6, down from 6.32% the week before. A year ago, the 30-year fixed-rate was 4.72%. “Mortgage rates continue to trend down entering the traditional spring homebuying season,” said Sam Khater, Freddie Mac’s chief economist. “Unfortunately, those in the market to buy are facing a number of challenges, not the least of which is the low inventory of homes for sale,…

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Technology is growing at a blazing pace. In the last decade, we have experienced the rise of artificial intelligence, more conversations and initiatives toward a greener atmosphere, better electoral systems, and several others.However, the one that has seen the most impact has been blockchain technology. Unceremoniously introduced by the Bitcoin network, the decentralized ledger system has gone on to disrupt several key industries beginning with finance, real estate, medicine and healthcare, gaming, entertainment, and the internet.Blockchain technology is now changing the very face of how employers and employees will relate in the coming years. This change is coming into the freelance space…

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Private lenders, Wall Street’s dealmakers du jour, are investing across media and entertainment. Investors said they are cautious about new scripted projects and bullish on tech offerings. Dealmakers are treading carefully as defaults on these types of loans tick up across industries. Flush with cash and buoyed by investors’ growing interest in private debt, asset managers have piled into the business of lending to privately held media companies. Private credit assets under management in media swelled to nearly $80 billion in mid-2022 from some $31 billion in 2018, according to an analysis by the data firm Preqin for Insider.Entertainment and…

Burglars made off with more than 400 iPhones from an Apple store in Washington, police said.  They got into the store by cutting a hole in the bathroom wall of a neighboring store, police said. The National Retail Federation has said organized retail crime is on the rise, growing by more than 26% in 2021.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Burglars stole an entire wall of iPhones at an Apple Store outside Seattle after they cut a hole through a bathroom…

Introduction I have been a shareholder of the preferred shares of Seapeak (NYSE:SEAL.PA) (NYSE:SEAL.PB) for several years now. Teekay LNG Partners, the original issuer of the preferred shares, was taken private by Stonepeak, a private equity firm. While I’m usually very cautious when I see a PE firm taking the reins at a company and don’t exercise their right to call the preferred shares, pretty much every single decision made by Stonepeak appears to be in the interest of Seapeak LLC. And much to my surprise, preferred shareholders are now in a better spot than (ever) before as the private…

Iraq has demanded an apology from Turkey over a drone strike that targeted a Syrian Kurdish leader who is a key western ally in the fight against Islamic State.Iraq’s president on Saturday called the attack on Friday a “flagrant aggression on Iraq and its sovereignty”. “In this regard we call on the Turkish government to take responsibility and present an official apology,” Iraq’s presidency said in a statement, adding that Ankara had no legal justification to continue “terrorising civilians under the pretext that forces hostile to it are present on Iraqi soil”.The strike reportedly targeted Mazloum Abdi, the commander-in-chief of…

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. After writing several previous newsletters on the stunning rise in opioid overdoses in the US, including among adolescents, I thought it was worth taking a look at what happens after an overdose, particularly for adolescents. I talked to Dr. Sivabalaji Kaliamurthy about what he’s encountering. A child and adolescent addiction psychiatrist who is board certified in general psychiatry, child psychiatry and addiction psychiatry, Kaliamurthy is also the director of the addiction clinic at Children’s National Hospital in Washington,…