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☆ One of Mt. Everest's deadliest passages is growing even more treacherous
▼ + stars: | 2024-05-04 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

A 1.6-mile stretch of slowly cascading ice just above Base Camp called the Khumbu Icefall. The Khumbu Icefall looks like a frozen waterfall. They're called the Icefall Doctors, and this year, they delayed Everest's climbing season by 12 days due to unsafe conditions on the Khumbu Icefall. Between 1953 and 2019, 45 people lost their lives on the Khumbu Icefall. Everset's history, 15 of the 18 total deaths were caused by acute mountain sickness, falls, and disappearances.

Persons: They're, Paul Mayewski, Mount, climatologist, Olaf Rieck, Alan Arnette, Mayewski, Jason Maehl, there's, Arnette Organizations: Service, Business, Mount Everest, University of Maine, Wikimedia, Everest, AMS Locations: Everest, Everest's, Mt

☆ Video shows the moment a man shone a laser pointer at an aircraft, risking 'catastrophic consequences,' and leading to a prison sentence
▼ + stars: | 2024-04-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Andrew Wilson admitted to shining a laser at aircraft in two incidents back in 2022. Wilson was sentenced to four months in prison last Thursday. AdvertisementA 53-year-old man was sentenced to four months in prison after shining a laser at a passenger jet. Jason Marshalsea, the police officer in charge of the case, said: "Shining a laser beam at an aircraft is dangerous and irresponsible and could result in catastrophic consequences." AdvertisementIncidents involving lasers and planes have been on the rise in recent years, despite pleas from authorities for people to stop shining lasers at aircraft.

Persons: Andrew Wilson, Wilson, —, VCeFFXnIUG, Jason Marshalsea Organizations: Service, Airbus, Bristol Airport, Taunton Crown, Sky, Federal Aviation Administration, Delta Air Lines Locations: Somerset, England, Martock , Somerset, Taunton, New York, Mexican

“It’s been an issue in North Dakota, it’s been an issue nationally,” said measure chairman Jared Hendrix, who led a successful 2022 initiative that set term limits for North Dakota’s governor and Legislature. In a 1995 congressional term limits case, the court ruled that states cannot set qualifications for Congress beyond those listed in the U.S. Constitution. Backers of the North Dakota measure filed a federal lawsuit last year, challenging the state's constitutional provisions and laws against out-of-state petition circulators. Term Limits. Term Limits National Field Director Scott Tillman helped Hendrix carry boxes of petitions into the secretary’s office on Friday.

Persons: “ It’s, it’s, ”, Jared Hendrix, “, Democratic Sen, Quentin Burdick, Mark Jendrysik, Mitchell, Jason Marisam, Marisam, Clarence Thomas, ” Marisam, Republican Sen, John Hoeven, U.S . Sen, Dianne Feinstein, Mitch McConnell, Joe Biden, Robert Hur, Nikki Haley, Biden, Donald Trump, Scott Tillman, Hendrix, ” Tillman Organizations: N.D, U.S . Senate, U.S . Constitution, North, U.S . House, Representatives, Democratic, University of North, U.S, Supreme, Mitchell Hamline School, Law, Republican, U.S ., “ Locations: BISMARCK, North Dakota, U.S ., U.S, Dakota, University of North Dakota, Texas, North

☆ US stocks climb ahead of Thanksgiving as investors weigh lower oil prices and jobless claims
▼ + stars: | 2023-11-22 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

US stocks climbed on Wednesday as Wall Street headed into the Thanksgiving holiday break. Oil prices and weekly jobless claims dropped, and shares of Nvidia after it reported earnings. Bond yields edged up after a consumer survey showed higher inflation expectations. AdvertisementUS stocks climbed on Wednesday as Wall Street eyed the Thanksgiving holiday break amid fresh economic and earnings reports. Bond yields ticked slightly higher after declining earlier in the day as the data could put more pressure on the Fed to keep rates higher for longer.

Persons: — Organizations: Nvidia, Service, University of Michigan, Fed

[1/2] A ‘No’ sign sits in front of the Tent Embassy near the Old Australian Parliament House as voters arrive during The Voice referendum, in Canberra, Australia, October 14, 2023. An Australian referendum requires a majority vote in at least four of its six states, as well as nationally. Ultimately, no state supported the "Voice" and the national vote was 40% "Yes" to 60% "No", according to preliminary counting. After the votes were counted, Dutton said his party supported Indigenous reconciliation but he made no mention of an alternative measure. Albanese, asked on Saturday why the vote had failed, said no referendum had succeeded without bipartisan support.

Persons: Tracey Nearmy, Anthony Albanese, Kos Samaras, Matt Qvortrup, Peter Dutton, Dutton, Timothy Graham, Graham, Cate Blanchett, Russell Crowe, Chris Hemsworth, Jason Mamoa, Shaquille O'Neal, Samaras, Donald Trump, Paul Smith, Smith, Albanese, Qvortrup, Byron Kaye, Praveen Menon, Edmund Klamann Organizations: Tent Embassy, Old Australian, House, REUTERS, Rights, Labor, Redbridge Group, Australian National University, Liberal Party, Queensland University of Technology, Qantas, NBA, Labor Party, U.S, European Union, Liberal, Thomson Locations: Tent, Canberra, Australia

(AP) —A law to ban gender-affirming medical care for transgender minors in Montana is temporarily banned, a state judge ruled Tuesday, just four days before it was to take effect. District Court Judge Jason Marks agreed with transgender youth, their families and healthcare providers that a law passed by the 2023 Montana Legislature is unconstitutional and would harm the mental and physical health of minors with gender dysphoria. Montana is one of at least 22 states that have enacted bans on gender-affirming medical care for minors and most face lawsuits. Political Cartoons View All 1182 ImagesAll the laws ban gender-affirming surgery for minors. It’s not clear how many of those patients were 18 when they underwent surgery.

Persons: HELENA, Jason Marks, Marks Organizations: Montana Supreme Locations: Mont, Montana, . Montana, U.S

☆ Oil prices are surging again, but this time Biden has way less ammunition to bring them down
▼ + stars: | 2023-09-09 | by ( Jason Ma | ) www.businessinsider.com time to read: +4 min

Oil prices are surging again, but the Strategic Petroleum Reserve remains near 40-year lows. Last year, the Biden administration drained 180 million barrels from the SPR as oil prices soared. Flooding the market with all that supply helped bring oil prices down — and helped cool inflation, which had shot up as well. But while it has ticked up slightly, the level remains near 40-year lows at about 350 million barrels. The stock market has started to feel the ripple effects from rising oil prices.

Persons: Biden, Brent, Enverus Organizations: Strategic Petroleum Reserve, Service, Biden, Petroleum Reserve Energy Department, Energy Department, Federal Reserve Locations: Wall, Silicon, Ukraine, Saudi Arabia, Russia, Texas , New Mexico, North Dakota

☆ Texas power prices soar 20,000% as brutal heat wave sets off emergency
▼ + stars: | 2023-09-08 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Texas power prices soared 20,000% Wednesday evening amid another brutal heat wave. Spot power prices remained high the following day, topping $4,000 per megawatt-hour for more than an hour on Thursday evening. AdvertisementAdvertisementAt ERCOT's request, the Biden administration declared a power emergency in Texas on Thursday, waiving some air-pollution rules so generators in the state could produce more electricity. Last month, Texas power prices soared 6,000% in one day. And in June, power prices doubled in a single day ahead of an earlier heat wave.

Persons: ERCOT, Biden Organizations: Service, Dallas Morning News, Electric, of Texas, Northern Locations: Texas, Wall, Silicon, Houston, Dallas, San Antonio, Europe

☆ US stocks trade mixed as rate fears persist amid signs of tight labor market
▼ + stars: | 2023-09-07 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks trade mixed on Thursday amid fresh signs the labor market remains tight. Weekly jobless claims unexpectedly declined, and second-quarter unit labor costs were revised up. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. In addition, second-quarter unit labor costs were were revised up to show a gain of 2.2% after an earlier reading put it at 1.6%. According to the CME FedWatch tool, Wall Street is pricing in greater odds that the Fed will lift rates again this year after holding them steady later this month.

Organizations: Federal Reserve, Service, Nasdaq, Dow Jones Locations: Wall, Silicon

☆ Wall Street firms and retired generals to discuss hypothetical Chinese invasion of Taiwan
▼ + stars: | 2023-09-07 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Wall Street firms and retired generals will discuss a hypothetical Chinese invasion of Taiwan. The "tabletop exercise" will take place next week in New York, sources told the New York Times. It comes as the congressional China committee plans to meet with top Wall Street investors. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. It comes as the congressional China committee plans to go to New York, where lawmakers will meet with banks, hedge funds and venture capital firms, according to the New York Times.

Persons: Jay Clayton, Jim Chanos, Anne Stevenson, Yang, Mike Gallagher, Biden, BlackRock Organizations: New York Times, Wall, Service, Chinese Communist Party, Council, Foreign Relations, Communist, Financial, Securities and Exchange, Kynikos Associates, J Capital Research, Financial Times, Wall Street Locations: Taiwan, New York, China, Wall, Silicon, Wisconsin, MSCI, Xinjiang

☆ Bond vigilantes are 'saddling up.' Here's how concerned investors might take action over the ballooning federal deficit.
▼ + stars: | 2023-08-20 | by ( Jason Ma | ) www.businessinsider.com time to read: +4 min

Bond vigilantes are "saddling up" again as federal deficits balloon, said market veteran Ed Yardeni. And I think the bond vigilantes are quite concerned about that." Now there are signs they are stirring again as bond yields continue to climb despite signs of cooling inflation. And I think the bond vigilantes are quite concerned about that," he said. In a now-legendary commentary from 1983 titled "Bond Investors Are the Economy's Bond Vigilantes," Yardeni warned, "So if the fiscal and monetary authorities won't regulate the economy, the bond investors will.

Persons: Ed Yardeni, e've, Yardeni, we've, James Carville, Bill Clinton, Clinton, Bond Organizations: Service, Treasury, Yardeni, Bloomberg, Federal, Republican Locations: Wall, Silicon

☆ Texas electricity prices soar 6,000% as a fresh heat wave is expected to shatter records
▼ + stars: | 2023-08-18 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Texas electricity prices soared 6,000% as a fresh heat wave is expected to shatter records. An excessive heat warning has been issued for north Texas, where temperatures could top 110 degrees. The price spike came as an excessive heat warning was issued for north Texas, which includes the Dallas-Fort Worth area. In June, Texas power prices doubled in a single day ahead of an earlier record-breaking streak. The Texas power market is deregulated and on its own electricity grid.

Organizations: Service, of Texas, Bloomberg, Northern Locations: Texas, Wall, Silicon, Dallas, Fort Worth, Europe

☆ US stocks tumble as 10-year yield keeps climbing to hit highest since 2007
▼ + stars: | 2023-08-17 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks tumbled Thursday as the 10-year Treasury yield kept climbing and hit the highest level since 2007. Measured on a daily basis, using a single reference price, the benchmark rate reached 4.3237%. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyUS stocks tumbled Thursday as the 10-year Treasury yield kept climbing and hit the highest level in nearly 16 years. Measured on a daily basis, using a single reference price, the benchmark rate reached 4.3237%, a level not seen since November 2007. Other measures showed the 10-year yield at the highest since October 2022.

Organizations: Treasury, Dow, Service, Walmart, Cisco, Dow Jones, Nasdaq Locations: Wall, Silicon

☆ Foreign investors are giving up on China as capital flows reverse
▼ + stars: | 2023-08-17 | by ( Jason Ma | ) www.businessinsider.com time to read: +4 min

Foreign investors are giving up on China as the country's post-COVID rebound fizzles. During that span, foreign investors sold 46.2 billion yuan of mainland Chinese stocks. Meanwhile, foreign institutional investors shed 37 billion yuan worth of Chinese bonds in July, according to data out Wednesday from China's foreign exchange regulator. According to Reuters, $1.71 billion worth of mainland shares were sold by foreigners in May, outpacing April's $659 million withdrawal. In addition to the consumer and manufacturing sectors, the real estate market — which serves as a key store of wealth in China's economy — has also been getting worse.

Persons: outpacing, bullish, —, China's Organizations: Service, Kong's Stock Connect, Communist Party's, Financial Times, Bloomberg, Reuters Locations: China, Shanghai, Shenzhen, Wall, Silicon, Beijing

☆ The world's biggest stock investor says if you don't see opportunities in AI, then you are a 'complete moron'
▼ + stars: | 2023-08-16 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

"If you don't think there are opportunities with AI, then in my mind you are a complete moron." That comes from the head of Norway's sovereign wealth fund, which is the world's biggest stock investor. "If you don't think there are opportunities with AI, then in my mind you are a complete moron," Nicolai Tangen, the fund's chief executive, told the Financial Times. Meanwhile, he warned that regulating AI will be difficult because the US-China rivalry has made the technology critical to the "weapons race, medical race, self-driving race, financial race." "We are always conscious and worried about the biggest exposures of the fund," Tangen told Reuters separately.

Persons: Nicolai Tangen, Tangen, wouldn't Organizations: Service, Apple, Meta, Microsoft, Nvidia, Tesla, Financial Times, Reuters Locations: Wall, Silicon, China

☆ US stocks trade mixed amid earnings rush and fresh economic data
▼ + stars: | 2023-08-01 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks finished mixed Tuesday amid more earnings reports and fresh economic data. The number of job openings dropped by more than expected, according to Labor Department data. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyUS stocks finished mixed on Tuesday amid more earnings reports and fresh economic data that pointed to some weakening. Dow stocks Merck and Caterpillar reported quarterly earnings that topped forecasts, while fellow blue chip Pfizer gave mixed results. The Labor Department reported that job openings in June fell to 9.582 million from 9.824 million in the prior month, below forecasts for about 9.6 million.

Organizations: Labor Department, Service, Dow, Merck, Caterpillar, Pfizer, Institute, Supply Locations: Wall, Silicon

☆ Russian stocks are back at pre-war levels as investors see them as safer bet than falling ruble
▼ + stars: | 2023-08-01 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Russian stocks are back at pre-war levels as investors see them as safer bets amid the falling ruble. The Moex index closed at 3,093.64 on Tuesday, above where it was when Russia invaded Ukraine on February 24, 2022. Fears of political chaos caused Russian demand for foreign currencies to jump to 70%-80% in some regions. But while the Moex stock index, which is denominated in rubles, has surpassed pre-war levels, it remains well below earlier highs. Meanwhile, a separate gauge of Russian stocks that's denominated in dollars is more than 10% below pre-invasion levels, Bloomberg said.

Persons: Vladimir Putin, Wagner Group's Organizations: Service, Bloomberg, P Locations: Russia, Ukraine, Wall, Silicon, Moscow, China

☆ China's yuan expands its growing foothold in South America as Bolivia reduces reliance on US dollar
▼ + stars: | 2023-07-31 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

China's yuan is expanding its foothold in South America as Bolivia reduces its reliance on the dollar. The country's yuan transactions from May to July accounted for about 10% of its foreign trade in that span. Bolivia has been hit by dollar shortages recently as lower natural gas production hit exports. But the country has been hit by dollar shortages recently as lower natural gas production hit exports. Argentine companies are increasingly turning to China's yuan amid dollar shortages, though many consumers use the dollar in daily purchases as hyperinflation slams the peso.

Persons: Marcelo Montenegro, Luiz Inácio Lula da Silva Organizations: Service, Privacy, Associated Press Locations: South America, Bolivia, Wall, Silicon, South, Argentina, Brazil, China

☆ Argentina should ditch the peso in favor of a 'hard dollar regime' to get inflation under control, think tank says
▼ + stars: | 2023-07-28 | by ( Jason Ma | ) www.businessinsider.com time to read: +3 min

Argentina should adopt the US dollar to get inflation under control, the Cato Institute said. "This type of hard dollar regime is exactly what Argentina needs now." This type of hard dollar regime is exactly what Argentina needs now," Cato researchers wrote in a paper published on Thursday. A top presidential candidate has proposed switching to the dollar as a way to tame inflation, which is soaring more than 100%. Other countries use the dollar as their primary currency or alongside a local currency, including some in Latin America.

Persons: Cato, Steve Hanke, Argentina's, Hanke, dollarization Organizations: Cato Institute, Service, Argentine, International Monetary Fund, Johns Hopkins University Locations: Argentina, Wall, Silicon, Latin America

☆ US stocks rally as recession fears ease and investors look to upcoming Big Tech earnings
▼ + stars: | 2023-07-17 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks finished higher on Monday as fears of a US recession eased on Wall Street. The odds of a recession in the next 12 months have fallen to 20% from 25%, Goldman Sachs said. Big Tech earnings begin Wednesday, when Tesla and Netflix report after the close. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Goldman Sachs said the odds of a recession in the next 12 months have fallen to 20% from 25% earlier.

Persons: Goldman Sachs, Tesla, Janet Yellen Organizations: Big Tech, Netflix, Service, Bank of America, Bloomberg Locations: Wall, Silicon

☆ The housing market is near an inflection point as home prices show signs of trending sharply higher, Black Knight says
▼ + stars: | 2023-07-11 | by ( Jason Ma | ) www.businessinsider.com time to read: +3 min

The housing market is near an inflection point as home prices look set to spike, Black Knight said. "There is no doubt that the housing market has reignited from a home-price perspective." "There is no doubt that the housing market has reignited from a home-price perspective," said Andy Walden, Black Knight's vice president of enterprise research. Active listings have worsened in 95% of major markets this year and are more than 50% below pre-pandemic levels, according to Black Knight. "The challenge for the Fed now is to chart a path forward toward a 'soft landing' without reheating the housing market and reigniting inflation."

Persons: Knight, Black Knight, Andy Walden, Black, Walden Organizations: Service, Black Locations: Wall, Silicon

☆ China's central bank is caught in a pickle between the falling yuan and sputtering economic growth
▼ + stars: | 2023-07-05 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

China's central bank is caught between trying to support the yuan and the country's economy. The People's Bank of China has been ramping up its commentary on the yuan, which is falling against the dollar. But to revive economic growth, it's also cutting rates, which could counteract efforts to boost the currency. The ramp-up in commentary comes as the central bank's other method of influencing the yuan has fizzled. After several attempts in recent days to boost the yuan with aggressive reference points, the currency has given up its gains.

Persons: it's, — Organizations: People's Bank of, Service, Bank of China Locations: People's Bank of China

☆ Former Army Ranger who fought in Ukraine says conflict there is far worse than fighting in Afghanistan and Iraq
▼ + stars: | 2023-07-04 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A former Army Ranger who spent months in Ukraine said fighting there was worse than in Iraq or Afghanistan. "The worst day in Afghanistan and Iraq is a great day in Ukraine," he said. "The worst day in Afghanistan and Iraq is a great day in Ukraine," he said. Bramlette, who was a Green Beret on a counter-Russia mission and an Army Ranger in Iraq and Afghanistan, said fighting in Ukraine had much more unknowns. "If two of them get injured… there's no helicopter coming to get you… shit can go south really, really frickin' quickly.

Persons: —, David Bramlette, Bramlette, … there's, Troy Offenbecker, I've, Offenbecker, Jason Mann, Mann Organizations: Army Ranger, Service, Daily, Beret, Army, CNN Locations: Ukraine, Iraq, Afghanistan, Russia

☆ How to Wean a Teen Off Social Media
▼ + stars: | 2023-06-29 | by ( Catherine Pearson | ) www.nytimes.com time to read: +1 min

Jason Mahr’s eldest son was 13 years old when Mr. Mahr and his wife gave him access to social media, a decision the 44-year-old father of five regretted immediately. It became “like an addiction,” said Mr. Mahr, a student coach and former youth pastor who lives in Woodstock, Ga. His son was quickly swept up in seeking the approval of others online, Mr. Mahr said. He has since been more deliberate about how and when he lets his younger children start using social media, but backpedaling with his eldest has been difficult. Recently, the warnings around teens’ social media use have grown particularly loud, as both the U.S. surgeon general and the American Psychological Association have issued reports about the risk of harm to adolescents’ mental health. “This is what so many parents are struggling with, and it’s too bad we have to.”

Persons: Jason Mahr’s, Mahr, ”, “, ” Jean Twenge, — Organizations: American Psychological Association, Pew Research, Facebook Locations: Woodstock, Ga, U.S

☆ All this AI hype could be distracting us from serious economic threats in the US
▼ + stars: | 2023-06-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Moving forward, we'll be highlighting the latest markets news in our daily flagship newsletter, Insider Today — be sure to sign up. The excitement around ChatGPT, AI, and related tech stocks is old news now, but Wall Street can't stop talking about it. Elon Musk, Nouriel Roubini, and a chorus of Wall Street firms have issued dire warnings. The country's slowing trade, weak industrial production numbers, and piling debt all ultimately present problems for Wall Street, which may be catching on to the risk. What do you see as the connection between economic troubles and AI hype?

Persons: Phil Rosen, —, It's, Pepper, Paco Freire, that's, Zahra Tayeb, Elon Musk, Roubini, Kelvin Wong, Angela Weiss, Wagner, Vladimir Putin, Gary Black's, Goldman Sachs, Morgan Stanley's Adam Jonas, Jason Ma, Jack Sommers Organizations: Getty, Nvidia, Federal, Street, Wall, Nasdaq, Carnival plc, Harvard, Elon Locations: New York, China, America, Los Angeles, London

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