Connect with us

Published

on

The Bootleg Fire rages across central Oregon state, in Klamath County, Oregon, in this July 13, 2021 picture obtained from social media.
Oregon State Fire Marshal | via Reuters

Air quality in the United States and Europe improved over the last decade thanks to stricter environmental regulations, but intensifying wildfires raise new air pollution concerns.

The National Interagency Fire Center reported that, as of August 8, there were 107 large active fires that had burned more than 2.2 million acres domestically across 15 states so far this year. In Europe, wildfires in Greece and Turkey are raging amid record heat waves now as well.

As a result, more people are turning to mobile apps to understand when air quality is better or worse, wherever they may be. These apps use a mix of data from government-operated satellites, or weather, fire and ambient air quality stations, as well as sensors and systems run by private sector entities. Some are even crowdsourced from relatively affordable air quality sensors sold by companies such as PurpleAir and IQAir.

Air quality apps

According to senior mobile insights analyst Jonathan Briskman of Sensor Tower, the top-rated apps for outdoor air quality monitoring in the U.S. between January 2020 and July 2021 have been: AirCare, AirVisual, and South Coast AQMD, based on ratings from the App Store, and Google Play.

The AirCare app shows air pollution, active fires, wind conditions and pollen levels on a map.
CNBC

Here’s what those three apps do:

  • AirCare, made by developers in Northern Macedonia, is available for iOS and Android mobile devices, including iPhones, iPads, Apple Watch and Huawei smartphones, among many others. Tiers include a free, ad-supported version, a 99 cents ad-free version, and at the premium level, a $14.99 annual subscription for a pro-version. The app includes kid-friendly air pollution information, charts and maps that show pollutant levels derived from government-run sensors and stations, alongside volunteers’ PurpleAir and other sensors throughout the U.S., Europe and Australia. In some major metro areas, the app also tracks ultra-violet and pollen levels.
  • AirVisual, made by the Swiss air quality company IQAir, tracks air pollution in more than 10,000 cities and 80 countries drawing on data from tens of thousands of sensors, some positioned at U.S. embassies overseas. The company’s free mobile apps are also ad-free and available for iOS and Android devices. Besides real-time maps that show levels of six different types of major pollutants, IQAir’s AirVisual and mobile website provide seven-day air pollution and weather forecasts, along with air pollution-related news and health information. The apps can pair with the company’s own sensors, including the portable AirVisual Pro sold for around $269.
  • South Coast AQMD, is a free and ad-free app run by the local air pollution agency in Southern California of the same name and tracks air pollution across Orange County, Los Angeles, Riverside and San Bernardino, specifically. It features real-time and forecasted air quality and weather conditions, and maps that show where drivers can charge their electric vehicles or find other non-traditional fueling stations. It also includes information about upcoming local events and political hearings related to air quality issues to encourage community participation. The app is available in both English and Spanish for Apple and Android devices.
The South Coast AQMD app shows air pollution levels in Greater Los Angeles.
CNBC

The five most popular air quality apps in the U.S., based on installs since the start of 2020, according to Sensor Tower included two of those top-rated apps, AirVisual (from IQ Air) and Air Care, as well as the U.S. Environmental Protection Agency’s app AirNow, an app from venture-backed startup Breezometer that shows air quality, pollen and active fire data, and an app called Oregon Air developed for the Oregon Department of Environmental Quality.

Use of these apps, and new installs are often driven by regional events. As of August 8, 2021 there were 16 large active fires searing through Oregon according to the NIFC.

How air pollution impacts health

Air quality monitoring and measurement are critical for public health, says Yanelli Nunez, a postdoctoral research scientist at Columbia University’s Mailman School of Public Health.

She notes that robust studies have shown that air pollution contributes to lung cancer, chronic obstructive pulmonary disease, and lower respiratory infections, and even impacts mortality, pregnancy outcomes and cardiovascular disease.

Nunez works in an environmental health sciences laboratory with Marianthi-Anna Kioumourtzoglou. Their research has also found long-term exposure to air pollution can affect the nervous system and may influence functions such as memory or cognitive capabilities.

The scientists wrote in an e-mail to CNBC: “Americans living in poor air quality areas tend to be people of color or low-income communities. We are finally starting to pay more attention to these issues, which hopefully will lead to change. The air pollution composition is also changing.”

In one example, greenhouse gas emissions from transportation declined in New York City from 2014 to 2017, while commercial cooking emissions rose.

With increased wildfires, the scientists wrote, “The sources and composition of the air pollution mixture that we are experiencing could differently impact our health, so we need to better understand source-specific effects, especially for these newly prominent sources.”

Indoor air matters, too

While outdoor air quality is important, society doesn’t talk or do enough about indoor air quality, said Richard Corsi, UC Davis’ incoming dean of the college of engineering, currently a professor and dean at Portland State University.

Using pre-pandemic numbers, Corsi explained that the average American would spend almost 70 out of 79 years of their life domiciled inside of buildings. “Because we spend so much time indoors, even our exposure to pollutants of outdoor origin is dominated by what we breathe there, especially in our homes,” he said.

Pollutants of outdoor origin which come from the likes of internal combustion engine vehicles, photochemical smog, refineries and wildfires can get into homes and buildings when doors and windows are opened, when heat and air conditioning systems are used, or through other cracks in the building envelope.

Consumer apps and devices today don’t give users an absolute, precise measurement down to micrograms per cubic meter of a given pollutant, Corsi noted. But they’re very valuable for spotting trends and relative changes in air quality.

Sensors set up indoors can work well to check whether protective measures are working to improve the air inside of a house, school or other building.

Especially during wildfire season, Corsi said, some other simple actions that can protect or improve air quality indoors include: wet-mopping floors and wiping surfaces so pollutants don’t accumulate, using HEPA or high-efficiency particulate air filters, and increasing the MERV or minimum efficiency reporting value of filters in central air systems in a house.

Continue Reading

Technology

Opendoor taps new CEO and names Keith Rabois chairman, boosting stock 30%

Published

on

By

Opendoor taps new CEO and names Keith Rabois chairman, boosting stock 30%

Keith Rabois of Khosla Ventures attends Day 3 of TechCrunch Disrupt SF 2013 at San Francisco Design Center on September 11, 2013 in San Francisco, California.

Steve Jennings | Getty Images

Opendoor, the online real estate platform that’s seen a surge of retail investor interest in recent months, said Wednesday that it’s tapped former Shopify executive Kaz Nejatian as CEO and named co-founder Keith Rabois as chairman.

The stock popped 30% in extended trading, and is now up more than fifteenfold since hitting its record low in June.

Rabois, a partner at Khosla Ventures, helped launch Opendoor in 2014, along with a group that included Eric Wu, who served as the first CEO before stepping down in 2023. Wu is rejoining the board as part of Wednesday’s announcement.

The moves come after Carrie Wheeler last month resigned as Opendoor’s CEO following an intense pressure campaign from investors. Rabois and hedge fund manager Eric Jackson were among those who were vocal critics of Wheeler and called for her departure.

The company was at risk of being delisted from the Nasdaq in May due to its stock price being below $1. Weeks later, Opendoor attracted a surge in interest from retail investors, earning it “meme stock” status, after Jackson began touting the company.

With the after-hours pop, Opendoor now has a market cap of close to $6 billion, up from less than $400 million less than three months ago.

Nejatian spent six years at Shopify and oversaw the Canadian e-commerce company’s product division in addition to serving as its COO. Nejatian’s last day at Shopify will be Sept. 12, and the company’s executive team will “assume Kaz’s responsibilities,” Shopify said in a regulatory filing.

“Literally there was only one choice for the job: Kaz,” Rabois said in a statement. “I am thrilled that he will be serving as CEO of Opendoor.”

Opendoor went public through a special purpose acquisition company in 2020. The company’s business involves using technology to buy and sell homes, pocketing the gains.

WATCH: Cramer’s lightning round

Lightning Round: I feel like an idiot for not telling people to buy Astera Labs, says Jim Cramer

Continue Reading

Technology

Nvidia, Broadcom, TSMC, other AI names rally on Oracle’s massive growth projections

Published

on

By

Nvidia, Broadcom, TSMC, other AI names rally on Oracle's massive growth projections

Oracle Corp Chief Executive Larry Ellison during a launch event at the company’s headquarters in Redwood Shores, California June 10, 2014.

Noah Berger | Reuters

Oracle‘s massive growth trajectory for cloud infrastructure is lifting all boats.

The cloud giant forecasted skyrocketing sales to $114 billion in the company’s fiscal 2029, signalling demand for artificial intelligence processing will remain high over the next few years, and will require Oracle to build out new data centers.

“The guide for a 14x of Oracle’s cloud infra segment in 5 years, mostly from GPU cloud demand, and the guide for capex of $35b in FY26 is bullish Nvidia, other AI hardware suppliers and the eco-system of partners building and financing Oracle’s GPU data centers,” wrote UBS analyst Karl Keirstead in a note on Wednesday.

As Oracle shares roared 40% higher on Wednesday, companies that provide the chips and systems for its buildout — or even compete with it — are seeing their stocks boom.

Nvidia, which says its computers and chips comprise about 70% of the total budget for an AI data center, climbed 4%.

Taiwan Semiconductor Manufacturing Co., which makes chips for Nvidia and others in AI, rose over 4% during trading on Wednesday after it said sales increased by 34% in August.

Read more CNBC tech news

Broadcom, which makes networking gear to tie Nvidia chips together and plays a key role in custom AI chips for companies like Google, climbed 9%.

AMD is the main Nvidia competitor for graphics processors used for AI, although its chips currently only have a small fraction of the market. Its shares rose 3%.

Micron, which makes memory used in Nvidia’s most advanced chips, rose 4%.

Super Micro and Dell, which both make complete server systems around Nvidia’s chips, each rose 4%.

“The vast majority of our CapEx investments are for revenue-generating equipment that is going into the data centers,” Oracle’s Safra Catz said on Tuesday.

The biggest gainer was one of Oracle’s so-called neo-cloud competitors, CoreWeave, which rose 20% on continued exuberance around insatiable demand for AI compute. Neo-clouds compete against Google, Amazon, and Microsoft for cloud customers by focusing on offering better access and tools for artificial intelligence.

T. Rowe Price's Tony Wang: Oracle's quarter proves it's competitively well-positioned

Continue Reading

Technology

Klarna opens at $52 per share in NYSE debut after pricing IPO above range

Published

on

By

Klarna opens at  per share in NYSE debut after pricing IPO above range

Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna Holding AB, center, and Michael Moritz, chairman of Klarna Bank AB, center right, during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025.

Michael Nagle | Bloomberg | Getty Images

Klarna shares popped 30% in their New York Stock Exchange debut Wednesday, opening at $52, after the Swedish online lender priced its IPO above its expected range.

The company, known for its popular buy now, pay later products, priced shares at $40 on Tuesday, raising $1.37 billion for the company and existing shareholders. The offering valued Klarna at about $15 billion.

The IPO marks the latest in a growing list of high-profile tech IPOs this year, suggesting increased demand from Wall Street for new offerings. Companies like stablecoin issuer Circle and design software platform Figma soared in their respective debuts. Meanwhile, crypto exchange Gemini is expected to go public later this week.

“To me, it really just is a milestone,” Klarna’s co-founder and CEO Sebastian Siemiatkowski told CNBC in an interview on Wednesday. “It’s a little bit like a wedding. You prepare so much and you plan for it and it’s a big party. But in the end — marriage goes on.”

Klarna’s entry into the public markets will test Wall Street’s excitement about the direction of its business. The company has in recent months talked up its move into banking, rolling out a debit card and personal deposit accounts in the U.S.

Klarna has signed 700,000 card customers in the U.S. so far and has 5 million people on a waiting list seeking access to the product, Siemiatkowski told CNBC. He added that Klarna Card represents a different proposition to rival fintech Affirm’s card offering, which has attracted 2 million users since its launch in 2021.

“We’re attracting a slightly different audience maybe than the Affirm card,” Siemiatkowski said. “I get the impression that is more a card where people use it simply to be able to have financing with interest on slightly higher tickets.”

In addition to Affirm, Klarna also competes with Afterpay, which was acquired for $29 billion in 2021 by Square, now a unit of Block.

Klarna faces some potential regulatory headwinds. In the U.K., the government has proposed new rules to bring BNPL loans under formal oversight to address affordability concerns regarding the market.

A banner for Swedish fintech Klarna, hangs on the front of the New York Stock Exchange (NYSE) to celebrate the company’s IPO in New York City, U.S., September 10, 2025.

Brendan McDermid | Reuters

The IPO is poised to generate billions of dollars in returns for some of Klarna’s long-time investors. Existing shareholders are offering the bulk of Klarna shares— 28.8 million — on the public market. At its IPO price of $40, that translates to over $1.2 billion. Meanwhile, Klarna raised $222 million from the IPO.

Sequoia, which first backed in Klarna in 2010, has invested $500 million in total. The venture firm sold 2 million of its 79 million shares in the IPO, meaning it’s generated an overall return of about $2.65 billion, based on the offer price.

Andrew Reed, a partner at Sequoia, told CNBC that he was still in college when Sequoia made its first investment in an “alternative payments company in Stockholm.” The early work, he said, was around expanding in Europe.

“Being here in New York 15 years later with over 100 million consumers and over $100 billion of GMV [gross merchandise value] and close to a million merchants, it is staggering what one year after another of execution and growth and Sebastian’s long-term vision can do,” Reed said.

Another Klarna investor hasn’t been so lucky. Japan’s SoftBank led a 2021 funding round in Klarna at a $46 billion valuation and has since seen the value of its stake plunge significantly.

WATCH: CNBC’s interview with Klarna CEO Sebastian Siematkowski

Continue Reading

Trending