The southeast tip of California's Salton Sea is home to 11 geothermal power plants that turn hot volcanic brine into clean electricity.
A rise in job openings surprised economists who were banking on another month of declines from March’s historic high. The United States reported its first death from the monkeypox outbreak. Former President Donald Trump shared multiple conspiracy theories on his Truth Social platform before deleting them.
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Job openings unexpectedly rose to 11.2 million last month versus 11 million in June, flipping the script on economists who predicted a second consecutive month of declines. The strong labor market may also irk Federal Reserve officials who last week warned the job market is still running too hot to justify easing up on interest rate hikes. Job openings climbed the most in transportation, warehousing and utilities, followed by recreation, government and education.
A severely immunocompromised patient in Texas is thought to be the first to die from the growing monkeypox outbreak in the U.S. The case comes after six monkeypox-related deaths in other nations that have not historically experienced outbreaks, including Spain, Brazil and Cuba. Meanwhile, the World Health Organization said “encouraging early signs” point to Europe’s outbreak having peaked.
The Pittsburgh Steelers bested their division rival Cincinnati Bengals when it comes to the average annual values of their new stadium-naming rights deals. Forbes learned the Steelers’ new agreement with insurer Acrisure boils down to $127.5 million—$8.5 million annually—over 15 years, while the Bengals’ deal with software maker Paycor is worth $128 million ($8 million) over 16 years. Plus, the Steelers get to keep all naming-rights revenue, while the Bengals share with the county.
Struggling retailer Bed Bath & Beyond will share a “strategic update” with investors on Wednesday regarding plans to secure new financing and revive slowing sales. Shares of the meme-stock favorite oscillated wildly in the last 12 trading days, with Bed Bath & Beyond ranking as either the best or worst-performing stock in the S&P 1500 on nine of those occasions. On Tuesday alone, shares surged 8% before ultimately turning negative and falling 10%.
As Trump rails against the FBI raid of his Mar-A-Lago estate, the billionaire took to his Truth Social platform to share multiple evidence-free conspiracy theories about the FBI, January 6 riots and Covid-19 vaccines. Most have since been deleted, but screenshots show Trump also boosting old QAnon conspiracy theory posts shared by his followers. Research shows Trump has reposted or boosted QAnon conspiracies 65 times on his Truth Social account since April.
Snap, the tech company behind the popular social media platform Snapchat, will lay off about 1,280 employees this week—20% of its workforce. It’s the latest company to announce layoffs this summer amid recession fears. Snap’s stock price has plummeted almost 80% since earlier this year.
California’s Lithium Rush For EV Batteries Hinges On Taming Toxic, Volcanic Brine
The Salton Sea region has one of the world’s largest known reserves of lithium, enough to power batteries for more than 50 million electric vehicles within a few years. But first it must be extracted from hot geothermal brine loaded with toxic material, a process that’s never been done before at scale.
Nevada bagged its 17th consecutive month of surpassing $1 billion in gaming revenue, as gamblers rang up $1.3 billion in July. That’s a more than 28% increase from pre-pandemic levels in July 2019. So far, the Silver State is up almost 16% calendar year to date, but it’s still “debatable” whether 2022 will eclipse last year’s record $13.4 billion revenue.
Inside The Top Colleges 2022 List
Large public schools, such as University of California, Berkeley, ranked highly on Forbes’ 2022 America’s Top Colleges list, dethroning some high-profile private colleges like Harvard University, which led last year’s list but since dropped to No. 15. Yale also fell six spots from No. 2 to No. 8, while Princeton University, University of Pennsylvania and Northwestern University each moved down one spot. That’s partly due to a change Forbes made in methodology last year, taking into account affordability and accessibility for low-income students.
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