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New Covid study hints at long-term loss of brain tissue, Dr. Scott Gottlieb warns

VIDEO4:2804:28Health experts push for vaccinations as variants gain groundThe News with Shepard SmithDr. Scott Gottlieb warned Thursday about the potential for long-term brain loss associated with Covid, citing a new study from the United Kingdom. "In short, the study suggests that there could be some long-term loss of brain tissue from Covid, and that would have some long-term consequences," the former FDA chief and CNBC contributor said. "You could compensate for that over time, so the symptoms of that may go away, but you're never going to regain the tissue if, in fact, it's being destroyed as a result of the virus," said Gottlieb, who serves on the board of Covid vaccine-maker Pfizer. The U.K. study examined brain imaging before and after a coronavirus infection and looked specifically at the potential effect on the nervous system. Gottlieb explained to CNBC's "The News with Shepard Smith" that the destruction of brain tissue could explain why Covid patients los..

Miami’s mayor looks to woo Chinese bitcoin miners with low energy prices and clean nuclear power

VIDEO1:5801:58Bitcoin miners look to US cities amid Chinese crackdownCryptocurrencyMIAMI – Mayor Francis Suarez says Miami’s doors are open to bitcoin miners in China who are currently scrambling to find a new home after Beijing made it clear that their days are numbered. Mining is the energy-intensive process which both creates new coins and updates the digital ledger of all transactions of existing tokens. More than half of all miners are currently based in China, but a mass exodus is already underway. Where they’re going, however, isn’t yet clear. While Suarez told CNBC he hasn’t personally received any calls from Chinese miners, the mayor is looking to patriate this mining diaspora by promoting the city’s essentially unlimited supply of cheap nuclear energy. “We want to make sure that our city has an opportunity to compete,” he said. “We're talking to a lot of companies and just telling them, ‘Hey, we want you to be here,’” he said. Rolling out the red carpetBitcoin miners ar..

RBC makes a bet on Jack in the Box, but traders prefer these two chain stocks

VIDEO3:4203:42RBC backs one under-the-radar fast food play. Our traders weigh inTrading NationRBC Capital Markets made a bullish call on one under-the-radar fast-food stock, and two traders are weighing in with their own restaurant chain picks. RBC analysts initiated West Coast burger chain Jack in the Box with an outperform rating Thursday, calling its valuation compelling and predicting new restaurant growth. That stock has been a surprise winner this year, rising by nearly 30%, roughly three times the gains for McDonald's. Todd Gordon, founder of TradingAnalysis.com, prefers a different restaurant chain. He says the economy reopening should fuel demand for higher-end dining. "I would like to look at Ruth's Chris [Steak House]," Gordon told CNBC's "Trading Nation" on Thursday. "This is a bull market stock. It's got locations focused in metro areas ... and these higher-rent sit-down places like Ruth's Chris or Capital Grille, they have smaller tables, fewer cu..

BMW starts European road tests of hydrogen fuel cell cars

In this article 7267.T-JP7203.T-JPBMW-DEA BMW i Hydrogen Next automobile photographed in Munich, Germany, on March 12, 2021.Andreas Gebert | Bloomberg | Getty ImagesThe BMW Group has started to test vehicles that use a hydrogen fuel cell drivetrain, with the German automotive giant putting the technology through its paces "in everyday conditions on European roads." In an announcement Wednesday, the firm explained prototypes of the BMW i Hydrogen Next would be tested on a range of metrics including reliability, safety and efficiency. It described hydrogen fuel cell tech as having the "long term potential to supplement internal combustion engines, plug-in hybrid systems and battery-electric vehicles." The technology could, BMW went on to add, "become an attractive alternative to battery-electric drive trains – especially for customers who do not have their own access to electric charging infrastructure or who frequently drive long distances." It's hoped the tests will lead to the ..

Clean Energy Fuels CEO says enthusiastic Reddit traders understand the company’s potential

In this article CLNEVIDEO2:4902:49Clean Energy Fuels CEO says Amazon deal is 'validation' of renewable natural gasMad Money with Jim CramerClean Energy Fuels CEO Andrew Littlefair on Thursday addressed the recent enthusiasm for his company's stock forged on online forums like Reddit. "I've read a lot of these posts, it seems like they get it," Littlefair told CNBC's Jim Cramer in an interview on "Mad Money." "One of the things that comes through again and again is, they said, 'Hey these guys at Clean Energy take something nobody wants, clean it up, put it in a vehicle, make money and save the planet. I kind of like that.' So, I think they get it," Littlefair said. Last week, Clean Energy Fuels entered the crosshairs of Reddit traders, who first captured Wall Street's attention in late January when they piled into shares of GameStop and a few other companies. Clean Energy Fuels jumped more than 30% on June 9 to close at $13.02, as mentions of the ..

Jim Cramer sees ‘terrific’ opportunity to buy the dip in Eastman Chemical shares

In this article EMNVIDEO3:0303:03Cramer says shares of Eastman Chemical have more room to runMad Money with Jim CramerCNBC's Jim Cramer said Thursday he sees opportunity for investors to buy shares of Eastman Chemical at an attractive price. "With the harsh pullback over the last couple weeks, including today's nearly 4% slide, I think Eastman's becoming a lot more compelling," the "Mad Money" host said. Eastman Chemical shares closed Thursday's session at $116.97, down about 10% from its 52-week high of $130.47 on June 1. However, Cramer said he feels confident the stock has more upside from current levels due, in part, to his outlook on inflation and monetary policy from the Federal Reserve. Cramer said he still believes an interest rate hike from the Fed is years away, meaning it's an attractive environment for cyclical stocks like Eastman Chemical to do well. "Of course, if you're worried about the Fed, this is not the stock for you," Cramer cautioned...

Commodities from copper to corn tumble on China crackdown, rising dollar

A worker installs a copper water line under the Eastern Market Metro plaza in Washington, DC, during a renovation project on Monday, April 5, 2021.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe prices of commodities were falling sharply on Thursday, cutting into months of gains and weighing on equity markets, as China takes steps to cool off rising prices and the U.S. dollar strengthens. The decline in commodities was widespread, with futures prices for palladium and platinum falling more than 11% and 7%, respectively, along with declines of nearly 6% for corn futures and 4.8% for contracts tied to copper. Oil prices were also down more than 1%. Thursday's move continued a slide that began earlier in the week, thanks in part to actions by Chinese regulators. A Chinese government agency announced a plan on Wednesday to release reserves of key metals, including copper and aluminum, according to Reuters. Officials in the country have also warned about speculation in financial ma..

Everything investors should know from EV start-up Canoo’s investor day

In this article GOEVCanoo electric vehicleSource: CanooElectric vehicle start-up Canoo on Thursday sought to assure investors that it has a solid, and real, business plan following abrupt changes at the company, including the departure of its co-founder and CEO Ulrich Kranz, who recently joined Apple. Speaking at the company's investor day, Canoo CEO and Chairman Tony Aquila reiterated many of the company's technological claims as well as plans to build three new EVs, including a pickup, and three other EVs. He also provided additional details about its manufacturing plans, including a new U.S. assembly plant. "We're in it for the long run. I'm in it for the long run," he said during the event that took place in Dallas and was streamed online. Since going public through a SPAC deal in December, shares of Canoo have roughly been cut in half on executive departures, changes to its business plans and greater speculation about the viability of many EVs. It appears the T..

Burger King’s chicken sandwich marks a shift in chain’s menu strategy away from promotions

In this article QSR-CABurger King's new chicken sandwich "Ch'King" is seen on display in New York, NY, May 19, 2021.Aleksandra Michalska | ReutersWhen Burger King launched the Ch'King nationwide earlier in June, it wasn't just releasing a new chicken sandwich. It was also marking a shift in the burger chain's menu strategy, according to Jose Cil, chief executive of Burger King's parent company, Restaurant Brands International. "Our focus on menu is shifting from promotional to foundational, doing the hard work on the core menu offering to make sure that we have great-tasting food that our customers can rely on, day in and day out," Cil said at the Evercore ISI Consumer & Retail Summit on Thursday. He noted that average unit volume of a Burger King location rose from roughly $1 million in 2011 to $1.3 million by 2018. The burger chain achieved that by going after "low-hanging fruit," he said, such as deals and limited-time menu items. Cil served as presiden..

Biden is on track to fall short of vaccinating 70% of American adults by the Fourth of July

President Joe Biden speaks in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Wednesday, June 2, 2021.Samuel Corum | Bloomberg | Getty ImagesWith less than three weeks to go until Independence Day, President Joe Biden's latest vaccination goals are in jeopardy. The country is not on pace to hit his two main targets outlined in early May: fully vaccinating 160 million adult Americans and administering at least one shot to 70% of adults across the U.S. by July 4, according to a CNBC analysis of Centers for Disease Control and Prevention data. About 65% of adults are at least partially vaccinated as of Wednesday, CDC data shows. Roughly 13.6 million would have to receive their first shot over the next 18 days to get that figure to 70%, an average of about 756,000 new vaccinations each day. The U.S., however, is averaging 336,000 newly vaccinated adults per day over the past week. If the U.S. maintains that latest seven-day average, 67% of adults will be at leas..

Chinese crackdown leads bitcoin miners to Texas and Florida: CNBC After Hours

CNBC.com's Pippa Stevens brings you the day's top business news headlines, and what to watch as the coronavirus pandemic continues to keep most of America on lockdown. On today's show, CNBC.com's Jeff Cox explains the Fed's new expectations for interest rate hikes, and why investors are concerned about long-term inflation. Plus, CNBC.com's MacKenzie Sigalos reports from Miami, where the mayor hopes to woo crypto miners with cheap nuclear energy amid a crackdown in China. The Fed moves up its timeline for rate hikes as inflation risesThe Federal Reserve on Wednesday considerably raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates. However, the central bank gave no indication as to when it will begin cutting back on its aggressive bond-buying program, though Fed Chairman Jerome Powell acknowledged that officials discussed the issue at the meeting. "You can think of this meeting that we..

5 things L Brands is doing to try to accelerate Victoria’s Secret’s turnaround

In this article LBPeople walk past a Victoria's Secret store in Barcelona.John Milner | LightRocket | Getty ImagesAhead of Victoria's Secret splitting away from Bath and Body Works later this summer, L Brands announced additional steps it's taking to revamp its brand image. The lingerie brand has been criticized in recent years for a lack of inclusivity and its slow response to changing consumer attitudes. Les Wexner, the company's former CEO, also came under fire due to his ties to the late Jeffrey Epstein, who killed himself while in jail facing sex charges. Wexner has since stepped down from the company he founded, and he no longer serves on its board. Victoria's Secret reported a 25% rise in fiscal first-quarter same-store sales this year. Multiple times L Brands raised its financial forecast, citing heightened sales momentum at Victoria's Secret as a factor. Shoppers have been "responding positively" to new merchandise and marketing, which included it..

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‘Microchip manicure’ turns your nails into business cards

A beauty salon in Dubai is giving new meaning to the phrase "chipped nails." Lanour Beauty Lounge in is offering a tiny microchip for customers' fingernails that can be used as a digital business card.

Singapore slows the pace of reopening as Covid cases haven’t declined significantly

Singapore slows the pace of reopening as Covid cases haven't declined significantly

‘Microchip manicure’ turns your nails into business cards

Lanour Beauty Lounge in Dubai is offering a tiny microchip for customers' fingernails. The chips can be used as a digital business card, or to pass on information like an Instagram handle -- or even a full restaurant menu for waiters.

Asia-Pacific stocks mixed; mining stocks lower after commodity prices tumble

Asia-Pacific stocks mixed; mining stocks lower after commodity prices tumble