Alaska LNG pipeline project debate: Here's what to know
On the 50th anniversary of the construction of the Alaska oil pipeline, there's a huge new potential project on the table - an Alaska natural gas pipeline. CNBC's Brian Sullivan joins 'Squawk box' from the Arctic with more.
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3 hours ago
First direct flight from US to Greenland since 2008 lands on Trump's birthday
NUUK, Greenland -- The first direct flight from the U.S. to Greenland by an American airline landed in the capital city of Nuuk on Saturday. The United Airlines-operated Boeing 737 Max 8 departed from Newark International Airport in New Jersey at 11:31 a.m. EDT (1531 GMT) and arrived a little over 4 hours later, at 6:39 p.m. local time (1939 GMT), according to the flight-tracking website FlightAware. A seat cost roughly $1,200. Saturday's flight marks the first direct passage between the U.S. and the Arctic Island for nearly 20 years. In 2007, Air Greenland launched a route between Baltimore/Washington International Thurgood Marshall Airport and Kangerlussuaq Airport, some 315 kilometers (196 miles) north of Nuuk. It was scrapped the following year due to cost. The United Airlines flight took place on U.S. President Donald Trump's 79th birthday, which was being celebrated in Washington with a controversial military parade that's part of the Army's long-planned 250th anniversary celebration. Trump has repeatedly said he seeks control of Greenland, a strategic Arctic island that's a semi-autonomous territory of Denmark, and has not ruled out military force. The governments of Denmark, a NATO ally, and Greenland have said it is not for sale and condemned reports of the U.S. stepping up intelligence gathering on the mineral-rich island. United announced the flight in October, before Trump was re-elected. It was scheduled for 2025 to take advantage of the new Nuuk airport, which opened in late November and features a larger runway for bigger jets. 'United will be the only carrier to connect the U.S. directly to Nuuk — the northernmost capital in the world, providing a gateway to world-class hiking and fascinating wildlife under the summer's midnight sun,' the company said in a statement at the time. Saturday's flight kicked off the airline's twice weekly seasonal service, from June to September, between Newark and Nuuk. The plane has around 165 seats. Previously, travelers had to take a layover in Iceland or Copenhagen, Denmark, before flying to Greenland. The new flight is beneficial for the island's business and residents, according to Greenland government minister Naaja Nathanielsen. Tourists will spend money at local businesses, and Greenlanders themselves will now be able to travel to the U.S. more easily, Nathanielsen, the minister for business, mineral resources, energy, justice and gender equality, told Danish broadcaster DR. The route is also an important part of diversifying the island's economy, she said. Fishing produces about 90% of Greenland's exports. Tourism is increasingly important. More than 96,000 international passengers traveled through the country's airports in 2023, up 28% from 2015. Visit Greenland echoed Nathanielsen's comments. The government's tourism agency did not have projections on how much money the new flights would bring to the island. 'We do know that flights can bring in much more than just dollars, and we expect it to have a positive impact -- both for the society and travellers,' Tanny Por, Visit Greenland's head of international relations, told The Associated Press in an email.
Yahoo
5 hours ago
- Yahoo
AWK Makes it to CNBC's All-Weather Stock List
American Water Works Company, Inc. (NYSE:AWK) is one of the best stocks for a retirement stock portfolio. The stock was recently added to CNBC's 'All-Weather Stock List' because of its defensive qualities. Before this, it was also featured in a list by Trivariate Research highlighting the top-performing S&P stocks during the tariff-related market correction from February 18 to April 8. A technician in a deep-water treatment facility, ensuring clean water for public safety. According to the firm, led by former Morgan Stanley chief strategist Adam Parker, American Water Works Company, Inc. (NYSE:AWK) gained over 10% during that period. Parker shared defensive stock ideas as a precaution, even though many of his clients expected the market to continue its upward trend. American Water Works Company, Inc. (NYSE:AWK) likely attracted attention during the correction because its revenue is entirely domestic, making it unaffected by tariffs. In addition, its earnings are seen as stable even in a potential recession. American Water Works Company, Inc. (NYSE:AWK) is a strong dividend stock, having raised its payouts for 17 consecutive years. With a dividend yield of 2.34%, the water utility provides investors with steady income and a buffer against market volatility tied to trade tensions. As seen in April, traders quickly turned to this stock, and would likely do so again in similar conditions. AWK has surged by over 14% since the start of 2025. American Water Works Company, Inc. (NYSE:AWK) stands as the largest regulated provider of water and wastewater services in the US. Founded in 1886, the company serves over 14 million people through its regulated operations across 14 states and 18 military bases, delivering safe, clean, dependable, and affordable water and wastewater solutions. While we acknowledge the potential of AWK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Sign in to access your portfolio
CNBC
6 hours ago
- CNBC
AI is disrupting the advertising business in a big way — industry leaders explain how
Artificial intelligence is shaking up the advertising business and "unnerving" investors, one industry leader told CNBC. "I think this AI disruption ... unnerving investors in every industry, and it's totally disrupting our business," Mark Read, the outgoing CEO of British advertising group WPP, told CNBC's Karen Tso on Tuesday. The advertising market is under threat from emerging generative AI tools that can be used to materialize pieces of content at rapid pace. The past couple of years has seen the rise of a number of AI image generators, including OpenAI's DALL-E, Google's Veo and Midjourney. In his first interview since announcing he would step down as WPP boss, Read said that AI is "going to totally revolutionize our business." "AI is going to make all the world's expertise available to everybody at extremely low cost," he said at London Tech Week. "The best lawyer, the best psychologist, the best radiologist, the best accountant, and indeed, the best advertising creatives and marketing people often will be an AI, you know, will be driven by AI." Read said that 50,000 WPP employees now use WPP Open, the company's own AI-powered marketing platform. "That, I think, is my legacy in many ways," he added. Structural pressure on creative parts of the ad business are driving industry consolidation, Read also noted, adding that companies would need to "embrace" the way in which AI would impact everything from creating briefs and media plans to optimizing campaigns. A report from Forrester released in June last year showed that more than 60% of U.S. ad agencies are already making use of generative AI, with a further 31% saying they're exploring use cases for the technology. Read is not alone in this view. Advertising is undergoing a "huge transformation" due to the disruptive effects of AI, French advertising giant Publicis Groupe's CEO Maurice Levy told CNBC at the Viva Tech conference in Paris. He noted that AI image and video generation tools are speeding up content production drastically, while automated messaging systems can now achieve "personalization at scale like never before." However, the Publicis chief stressed that AI should only be considered a tool that people can use to augment their lives. "We should not believe that AI is more than a tool," he added. And while AI is likely to impact some jobs, Levy ultimately thinks it will create more roles than it destroys. "Will AI replace me, and will AI kill some jobs? I think that AI, yes, will destroy some jobs," Levy conceded. However, he added that, "more importantly, AI will transform jobs and will create more jobs. So the net balance will be probably positive." This, he says, would be in keeping with the labor impacts of previous technological inventions like the internet and smartphones. "There will be more autonomous work," Levy added. Still, Nicole Denman Greene, analyst at Gartner, warns brands should be wary of causing a negative reaction from consumers who are skeptical of AI's impact on human creativity. According to a Gartner survey from September, 82% of consumers said firms using generative AI should prioritize preserving human jobs, even if it means lower profits. "Pivot from what AI can do to what it should do in advertising," Greene told CNBC. "What it should do is help create groundbreaking insights, unique execution to reach diverse and niche audiences, push boundaries on what 'marketing' is and deliver more brand differentiated, helpful and relevant personalized experiences, including deliver on the promise of hyper-personalization."
