In addition to the production of electricity, Atlantis is also planning to develop an “ocean-powered data centre” near the MeyGen project. While tidal power has been around for decades — EDF’s 240 MW La Rance Tidal Power Plant in France was built as far back as 1966 — recent years have seen a number of new projects take shape. In December last year, Scottish tidal energy business Nova Innovation was issued with a permit to develop a project in Nova Scotia, Canada. In an announcement at the time,

Many Americans believe they will live longer than their parents. For younger generations, that has led to a big concern: how they will provide financially for those extended years. That’s according to a new online poll from the Longevity Project and Morning Consult, which surveyed 2,200 U.S. adults in December. That rate was even higher for members of Gen Z, those ages 18 to 22, with 70% indicating they expect to live longer. And many younger Americans feel less comfortable relying on one income

Michael Avenatti, attorney and founding partner of Eagan Avenatti LP, second left, exits from federal court in New York, U.S., on Tuesday, May 28, 2019. Louis Lanzano | Bloomberg | Getty ImagesControversial lawyer Michael Avenatti searched the internet for the term “insider trading” and terms involving Nike stock options as he engaged in a scheme to shake down the athletic apparel giant for up to $25 million, federal prosecutors claim. Jury selection began Monday, Jan. 27, 2020, in the trial of

Prince Andrew The Duke of York arrives at the Headquarters of CrossRail in Canary Wharf on March 7, 2011 in London, England. Dan Kitwood | Getty ImagesBritain’s embattled Prince Andrew has given “zero cooperation” to federal authorities with their ongoing investigation of people who enabled the crimes of the late sex offender Jeffrey Epstein, his former friend, a top prosecutor said Monday. “Jeffrey Epstein couldn’t have done what he did without the assistance of others, and I can assure you tha

The author and spiritual leader has been soliciting donations to pay off her campaign debt since dropping out of the 2020 Democratic presidential primary earlier this month. Supporters received an email from Williamson on Jan. 27 inviting them to participate in a “love and power” seminar to raise money for campaign debt relief. Williamson did not reply to a request for comment from CNBC on the size of her campaign debt. The Federal Election Commission specifies that a candidate may continue to c

The deadly coronavirus is battering stocks from U.S. companies that have high revenue exposure to China. Apple, which both does the majority of its manufacturing in China and considers it a key market, is down almost 3% on Monday as part of a broader sell-off. Apple reported $43.6 billion in revenue in 2019 from “Greater China,” including Taiwan and Hong Kong, all of which have reported cases of coronavirus exposure. Other global brands with high China revenue exposure include retailers, restaur

In light of a deadly virus outbreak in China, Hong Kong citizens wore surgical masks in fear of contracting the flu. Starbucks’ Chinese rival Luckin Coffee, which has a market value of $9 billion, saw its shares tumble as much as 8%. Starbucks’ stock, which has a market value of $105 billion, dropped nearly 4%. Shares of Yum China, which Reuters reported had temporarily closed some KFC and Pizza Hut restaurants in Wuhan, fell 5%. McDonald’s, which has a market value of $160.8 billion, will annou

Stocks tumble on coronavirus fears—Here’s what five experts say investors should watch now3 Hours AgoStocks tanked on Monday after more cases of the coronavirus were confirmed over the weekend, ratcheting up worries over the virus’ impact on the world economy. Four experts weigh in on what the long and short-term implications of the virus could mean for the economy and the markets.

Oppenheimer lowered its price target on Estee Lauder to $210 per share from $230 per share. American Express — American Express shares dipped more than 3% after an analyst at Stephens downgraded them to equal weight from overweight. Clorox — As the broader market sold off on China virus worries, shares of Clorox rose more than 2%. Wynn Resorts, Las Vegas Sands, MGM Resorts — Shares of major hotel and casino chains dropped on fears the coronavirus would dent travel. Shares of Wynn Resorts dropped

The declines followed confirmations of more cases of the virus and several large U.S. companies’ suspension of their business in China. Professional market watchers and commentators, including CNBC’s Jim Cramer, were largely in agreement that the stock market’s pain wouldn’t last long. We don’t see a blow to the capital stock yet, and we all hope we’re not going to see it. But I don’t think the initial reaction is necessarily to cut earnings. Jim Cramer, host of “Mad Money,” even suggested doing

Once panned by Wall Street as a socialist with “crazy” ideas, Sen. Bernie Sanders is finally commanding attention from investors. Molina Healthcare, an $8 billion health insurance company based in Long Beach, California, dropped 3.1%. Sanders election odds vs. health-care stocksThe red line is Sanders’ odds to win the Democratic nomination via PredictIt.org. His yearslong crusade against private health insurance and support for “Medicare for All” was a central pillar of his 2016 campaign as well

Beyond Meat shares climbed as much as 7% Monday after it announced an expansion of its partnership with Denny’s. The latest news comes as Beyond Meat competes with its main rival, Impossible Foods, for sought-after partnerships with American fast-food chains. Since it went public in May of last year, Beyond Meat has announced partnerships with Subway, Del Taco, KFC, Dunkin’ Brands and others. As the stock slumped from its peak, Beyond Meat announced a secondary offering and shares fell more than

Kraft Heinz snack brand Planters is pausing paid advertising behind a campaign about the apparent death of its animated mascot, Mr. Peanut, after a helicopter crash Sunday killed nine people, including retired NBA superstar Kobe Bryant and his 13-year-old daughter Gianna. The spokesman said that the pause impacts paid advertising on channels such as Twitter and YouTube and some other outreach. Planters last week released a cryptic tweet with a link to a video showing Mr. Peanut sacrificing himse

President Donald Trump’s impeachment trial in the Senate resumed Monday as his legal team lays out its case for acquittal. Former independent counsel Ken Starr, also part of the president’s legal defense team, took the lead on Monday, giving a lengthy overview of the history of impeachment in the United States. A whistleblower report on Trump’s Ukraine dealings – made public in September – triggered the probe. The president’s legal team began its defense on Saturday, following three days of evid

Makan Delrahim, U.S. assistant attorney general for the antitrust division, listens during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, April 30, 2019. The department is scheduled to post an advertisement for positions, potentially on Monday, for additional attorneys, paralegals with an interest in tech and others to work in San Francisco to focus on the tech industry, one of the sources said. Big tech companies like F

The continued spread of the coronavirus appears to be hitting global markets like a similar outbreak in 2003, but the history of recent health scares and market internals may mean the pullback won’t last long and investors are currently overreacting. Markets also slumped in early 2003 amid an outbreak of severe acute respiratory syndrome, or SARS, but many major indexes finished the year strong. The Wuhan coronavirus is still much smaller than the SARS outbreak of 2003, according to official num

Latency arbitrage is one of the ways high-frequency traders profit to the detriment of slower trading investors. Better prices are snatched up by high frequency traders before regular investors. In all, more than 20% of the total trading volume the FCA tracked was found to come from these latency arbitrage races. “Our main estimates suggest that eliminating latency arbitrage would reduce the cost of trading by 17%.” The FCA study looked at trading activity from August 2015 to October 2015.

Specifically, average hourly earnings growth of just 2.9% from the same period a year ago marked the first time that metric had been under 3% since July 2018. Not so, says Goldman, which expects the unemployment rate to continue to drop and for the December wage number to be an aberration unlikely to persist. Why wages will riseThe calendar made a significant impact on that December hourly earnings number, he said. “At the heart of our wage growth (and inflation) forecast is a view that declinin

Visitors wearing masks walk past Shanghai Disney Resort, that will be closed during the Chinese Lunar New Year holiday following the outbreak of a new coronavirus, in Shanghai, China January 24, 2020. Disney, McDonald’s, Starbucks and other U.S. companies with significant footprints in China are suspending operations and instituting travel restrictions as they respond to the outbreak of the coronavirus. The virus has now taken the lives of at least 82 people in China and sickened 2,900 worldwide