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☆ Sales of newly built homes tank in April, as prices and interest rates rise
▼ + stars: | 2024-05-23 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Sales of newly built homes dropped 4.7% in April compared with March, and dropped a larger 7.7% from the prior year, the U.S. Census said Thursday. Higher mortgage rates are clearly hampering sales. Some of that is due to the mix of homes selling, which is mostly on the higher end of the market. Those buyers are not as influenced by mortgage rates, as they often use all cash. The big production builders have been buying down mortgage rates to help boost sales, but they are able to do that because of their size.

Persons: Peter Boockvar, Robert Dietz, NAHB's Organizations: Spring Barbera Homes, Builders, Toll Brothers, Bleakley Financial, CNBC, National Association of Home Builders, Wells Fargo . Locations: Loudonville , New York, U.S, Horton, Wells Fargo

☆ Trump allied Republicans are changing the GOP's approach to labor, free markets and regulation
▼ + stars: | 2024-05-21 | by ( Eamon Javers | ) www.cnbc.com time to read: +9 min

WASHINGTON — The first Trump presidency shattered conservative economic ideology on the Republican Party's approach to free markets and tariffs. Source: AmericanCompass.org To be clear, this is not yet the dominant strain of Republican economic thinking in Washington. Cass argues that Republican economic policy has been focused on the wrong goals: lowering prices and increasing consumption. "It was absolutely black letter economic doctrine that the point of economic policy was to consume as much as possible. watch now"Spinning assets in circles creates nothing of value, and in fact creates the opposite of value," Cass said.

Persons: Donald Trump, Brendan Mcdermid, Eamon Javers, WASHINGTON —, Trump, Trump's, Sohrab Ahmari, Ahmari, elitists, Bud Light, Oren Cass, Cass, Michael Wayland, CNBC Cass, –, Biden, Pennsylvania Republican Sen, Pat Toomey Organizations: Reuters, WASHINGTON, Trump, Republican, GOP, Wall Street, Amazon, Starbucks, U.S . Chamber of Commerce, Block, Development Bank, Environmental, American, Bronco, Ford's, Ford's Michigan Assembly, CNBC, Wall, Pennsylvania Republican Locations: Freeland , Michigan, U.S, America, Washington, China, Block, Ford's Michigan, Cass, Pennsylvania

☆ AI chatbots spew out nonsense too often. But there's a solution: retrieval-augmented generation.
▼ + stars: | 2024-05-16 | by ( Matthew S. Smith | ) www.businessinsider.com time to read: +9 min

RAG was the first," said Bob van Luijt, the CEO and cofounder of the AI data infrastructure company Weaviate. WeaviateThe innovation that's sweeping AI"Every industry that has a lot of unstructured data can benefit from RAG," van Luijt said. Courtesy of Kyle DeSanaHe said that a successful RAG chatbot could carry its own pitfalls. AI engineers are eager to find more proactive solutions that don't require constant meddling with the data RAG provides to the AI. Put simply, an AI chatbot would have an effectively infinite memory, letting it "remember" any data presented to it in the past.

Persons: —, OpenAI's ChatGPT, RAG, Bob van Luijt, Bob, van Luijt, Nadaa, Taiyab, van Lujit, Van Lujit, that's, Kyle DeSana, DeSana, Weaviate, it's Organizations: Service, Nvidia, Companies, Google

☆ US-built floating pier begins moving from Ashdod port to Gaza, defense official says
▼ + stars: | 2024-05-15 | by ( Oren Liebermann | ) edition.cnn.com time to read: +3 min

CNN —The floating pier that will allow for humanitarian aid to flow into Gaza from the sea is moving from the port of Ashdod toward Gaza, according to a US defense official. Cyprus is the staging point for the humanitarian aid that will be shipped to Gaza through the maritime corridor and the pier. The US was closely watching whether what it called a “limited” Israeli incursion into Rafah in southern Gaza would affect the temporary pier. “I can just tell you it’s a third-party contractor, but that’s it,” deputy Pentagon press secretary Sabrina Singh said at a press briefing. Once the humanitarian aid arrives in Gaza, the UN World Food Program will distribute it to the Palestinian population.

Persons: Pat Ryder, Sabrina Singh, Ryder, ” Ryder Organizations: CNN, Pentagon, UN, Food Locations: Gaza, Ashdod, Cyprus, Rafah

☆ Opinion: How an ICC arrest of Netanyahu could play out
▼ + stars: | 2024-05-14 | by ( Opinion Dan Perry | ) edition.cnn.com time to read: +10 min

CNN —The signs are mounting that the International Criminal Court (ICC) is weighing an indictment against Israeli Prime Minister Benjamin Netanyahu and other top Israeli officials over Israel’s conduct of its war against Hamas in Gaza. But in 2015 the ICC stepped in to decide that implicitly it is, by accepting it — without consulting the Assembly of States Parties (ASP), representing ICC member states. Could the highly respected chief prosecutor, Britain’s Karim Khan, be feeling some pressure to play his part in ramping up the pressure on Netanyahu? Netanyahu is on the ropes politically and would almost certainly be trounced in an election held today. Israel desperately needs Netanyahu to be gone, as does the region and the world.

Persons: Dan Perry, Read, Benjamin Netanyahu, ”, Russia’s Vladimir Putin, Sudan’s Omar al, Bashir, Moammar Ghadhafi’s, Saif, Netanyahu, Israel’s, Jordan, Egypt —, Dan Perry Moreover, —, Britain’s Karim Khan, Joe Biden’s, Israel Organizations: London, Associated Press, CNN, Criminal Court, Israeli, ICC, West Bank, ISIS, UN, States Parties, West, The West Bank, Bank, Palestinian Authority Locations: Cairo, Europe, Africa, Israel, Gaza, United States, Jerusalem, Sudan, Britain, Iraq, al, Libya, Yemen, Palestine, Palestinian, West Bank, East Jerusalem, Egypt, ramping, Iran

☆ ‘Alphabet’ of sounds reveals complexity of sperm whale communication, scientists say
▼ + stars: | 2024-05-13 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +7 min

They’ve identified previously unknown complexity in whale communication by analyzing thousands of recorded sequences of sperm whale clicks with artificial intelligence. What sperm whales are saying with their clicks remains a mystery to human ears. “This work builds on a lot of prior work focused on understanding the calls of sperm whales. For the new study, the researchers used machine learning to detect patterns in audio data collected by The Dominica Sperm Whale Project, a repository for observations of sperm whales that inhabit the Caribbean Sea. The study authors defined four features in codas: rhythm, tempo, rubato and ornamentation.

Persons: They’ve, ”, Daniela Rus, ” Rus, Luke Rendell, Andrews, Rendell, “, it’s, Rus, ” Rendell, Brenda McCowan, McCowan, ” McCowan, ” Mindy Weisberger Organizations: CNN —, Nature Communications, Computer Science, Artificial Intelligence, MIT, University of St, University of California Davis School of Veterinary Medicine, Scientific Locations: United Kingdom, Dominica, Eastern, Caribbean, Alaska

☆ JPMorgan says this simple 2-step, long-term investing approach allows you to maximize returns and achieve your financial goals while minimizing portfolio management headaches and costs
▼ + stars: | 2024-05-10 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

For most investors, holding just one passive global stock market fund and one passive global bond market fund over the long term is the best way to construct a portfolio, the strategists said. While some more time-consuming, complicated strategies may allow for higher returns, this approach gives investors the best all-around bang for their buck, Loeys and Wise said. Our point is instead that we believe you can achieve most, if not all of your financial objectives by following our KISS approach. Two stock funds that do this include the Vanguard Total World Stock Index Fund (VTWAX) and the SPDR Portfolio MSCI Global Stock Market ETF (SPGM). For investors who want to do more with their portfolio, Loeys and Wise suggested dedicating 80%-90% of one's portfolio to the above strategy, and using the other 10%-20% on other investments.

Persons: Jan Loeys, Alexander Wise, Wise, Joeys, Loeys Organizations: JPMorgan, Business, KISS, Index, Stock Market, Bond, Fidelity

☆ 'The 30-year fixed-rate mortgage is a uniquely American construct,' analyst says. Here's why
▼ + stars: | 2024-05-07 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Most U.S. homebuyers taking out a mortgage opt for a 30-year fixed-rate — but they may not realize how unusual that offering is. "The 30-year fixed-rate mortgage is a uniquely American construct," said Greg McBride, chief financial analyst for Bankrate. True to its name, a 30-year fixed spreads out repayment over 30 years, with an interest rate that remains the same for the life of the loan. In 2022, 89% of homebuyers applied for a 30-year mortgage, according to government data analyzed by Homebuyer.com. "If we did not have the dominance of the fixed-rate mortgage in the U.S. residential mortgage market, we would see a much higher level of stress among existing homeowners," McBride said.

Persons: Greg McBride, Jacob Channel, McBride Organizations: homebuyers, Bankrate, LendingTree, Homebuyer.com, Finance Locations: U.S

☆ ‘Pregnant people’: The case for using gender-neutral language
▼ + stars: | 2024-05-06 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

CNN —The use of phrases such as “pregnant people” or “penis owners” in cultural or political discourse is sometimes met with confusion, or even anger. And it’s the most inclusive, streamlined way to refer to everyone who, regardless of their gender identity, has certain anatomy or biological abilities. Using gender-inclusive language can create an environment of acceptance, experts say. READ MORE: Gender identity: The difference between gender, sex and other need-to-knowsHere’s what experts have to say about these linguistic changes and concerns that have been raised. Gender-inclusive language may seem to be just words, but research has shown that acceptance can be lifesaving for transgender and nonbinary people, Miller said, both for medical and psychological reasons.

Persons: “, Jack Drescher, Alberto Mier, they’re, ”, Keygan Miller, Miller, Dr, Dennis Baron, ” Miller, can’t, —, hasn’t, “ it’s, ” Baron, Drescher, uteruses, ” Drescher, haven’t, ’ ” Baron, it’s, ’ Organizations: CNN, Group, of Psychiatry, Columbia University, American Psychological Association, University of California, Los Angeles ’ Williams Institute, UCLA, University of Illinois, American Medical Association, American Psychiatric Association, National Institutes of Health Locations: New York City, United States, Los Angeles, Urbana, Champaign, “

☆ My 2 children came out as trans. Nothing could've prepared me for what they have gone through.
▼ + stars: | 2024-05-04 | by ( Liv Styler | ) www.businessinsider.com time to read: +6 min

My children came out to me one summer; they both started HRT to help with their body dysmorphia. I worry about the dangers of being trans in this world, but I am trying to be courageous. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Both of my kids came out one summerI've always considered myself to be someone who could handle or adapt to anything. While I can't say HRT has been the cure-all, I can say that it has made a monumental change in their self-esteem and their confidence.

Persons: —, I'm, We're LatinX Organizations: HRT, Service, It's Locations: —

☆ I build discreet bomb shelters for wealthy American clients who fear nuclear war. Here are some of their common requests.
▼ + stars: | 2024-05-04 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

Josh Jordan started Houston Bomb Shelter to construct emergency shelters for nuclear disasters. Clients often want discretion to protect themselves from neighbors who don't have their own shelters. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis is an As Told To essay based on a conversation with Josh Jordan, a Texas-based engineer who founded Houston Bomb Shelter, which constructs private emergency shelters. The danger of nuclear war has been around for almost 100 years, but recently renewed concern is driving a new interest in bomb shelters.

Persons: Josh Jordan, —, I'm, I've, they're nosy, aren't Organizations: Houston, Service Locations: Texas

In flip-flops and shorts, one of the finest soldiers in a resistance force battling the military junta in Myanmar showed off his weaponry. Nearby, electrical innards foraged from Chinese-made drones used for agricultural purposes were arrayed on the ground, their wires exposed as if awaiting surgery. Other parts needed to construct homemade drones, including chunks of Styrofoam studded with propellers, crowded a pair of leaf-walled shacks. Despite the ragtag conditions, rebel drone units have managed to upend the power balance in Myanmar. By most measures, the military that wrested power from a civilian administration in Myanmar three years ago is far bigger and better equipped than the hundreds of militias fighting to reclaim the country.

Persons: Ko Shan Organizations: Karenni Nationalities Defense Force Locations: Myanmar

☆ The portfolio manager whisperers
▼ + stars: | 2024-05-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +24 min

AdvertisementHistorically, a hedge fund's chief investment office or senior portfolio manager was responsible for vetting and wooing key investment hires. They can also help hedge funds save on outside recruiting costs, which can add up to tens of millions a year. Hedge funds targeted institutional salespeople at investment banks with exposure to hedge funds, as well as asset allocators with chops in portfolio-manager selection and due diligence. Assets at multimanager hedge funds have boomed since 2018. The principle may work for fictional baseball diamonds, but the reality at hedge funds is more complicated.

Persons: Taylor Swift, Travis Kelce, Goldman Sachs, —, That's, headhunter who's, liken, Nick Saban's, Midlevel, headhunter, Ken Griffin, Michael Kovac, execs, Jennifer Blake, BD Thomas DeAngelis, Walleye Capital Paritosh Singh, Americas Michael Grad, BlueCrest Lindsay Previdi, Point72, Freestone Grove Matthew Giannini, Ken Griffin's, ExodusPoint, Brevan Howard, breakneck buildout, Michael Gelband —, Jonathan Hoffman, Alexander Phillips, ExodusPoint's, Millennium's Izzy Englander, noncompetes, Millennium Management Amanda Gordon, multimanagers, who've, Goldman, Schonfeld, Brevan Howard —, Neil Chriss, Harry Schwefel, Jonathan Brenner, Walleye's, Thomas DeAngelis, DeAngelis, Brenner, DeAngelis hasn't, Kansas City Chiefs Travis Kelce, Erick W, Rasco, Donald Trump's, America couldn't, Citadel execs Todd Barker, Daniel Morillo —, Jeff Runnfeldt, Bobby Jain, allocator Organizations: NFL, Business, Citadel, BD, University of Alabama, execs, Balyasny, Walleye Capital, Millennium, Americas, Freestone Grove, — Citadel, Walleye, BI, Costco, Millennium Management, Bloomberg, Getty, Investor, Barclays, Barclays Capital Solutions, Brookfield, Paloma Partners, Kansas City Chiefs, San Francisco 49ers, Allegiant, Getty Images, Black, Investors, ex, Fortress Locations: America, multimanagers, —, Hudson Bay, Schonfeld, Israel, multimanager, Europe, Middle East, Africa, Vegas, Balyasny

☆ A mortgage advisor shares how to get the 3.5% down payment on an FHA loan fully covered — and the 3 best strategies real-estate investors can use to maximize leverage from government loans
▼ + stars: | 2024-05-02 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

This was achieved by allowing first-time buyers to purchase a home with a smaller down payment — as low as 3.5%. The program is still around, and it's often a great way for real-estate investors to get started. Advertisement3 ways to make the most of government loan programsWelgan also shared two strategies that real-estate investors can use to maximize the leverage offered through government loans. Buyers can now purchase up to a four-unit property with a down payment of as little as 5%. "That's been a game changer for real-estate investors," Welgan said.

Persons: —, Jeff Welgan, Fannie Mae, Buyers, Welgan, Fannie Mae's, That's, ADUs, Dave Meyer, Fannie, I've Organizations: Service, Act, Business, Federal National Mortgage Association, Mortgage, Urban Locations: Los Angeles County , California, Michigan, California

☆ Why the Miami Grand Prix is the most distinctive race in Formula 1
▼ + stars: | 2024-05-01 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +7 min

The Miami Grand Prix, a unique spectacle in Formula 1, is heading into its third year. Heading into its third year, Formula 1's Miami Grand Prix has made a name for itself as a unique spectacle in the sport. But the logistics' massive scope is just one aspect that sets the Miami Grand Prix apart. The marina at the F1 Miami Grand Prix in 2022. Local flavorThe Miami Grand Prix aims to capture the city's flair.

Persons: —, Todd Boyan, Boyan, Tyler, Ricardo Arduengo, Guenther Steiner, Steiner, Mark PETERSON, Haas, We've, It'll Organizations: Miami Grand Prix, Service, Miami, Hard, Miami Dolphins —, Miami Dolphins, Miami Open, Prix, Tyler Epp, Miami Grand, Epp, . Miami, Monaco, Logistics, Haas, Netflix, Miami . F1 Academy, F1 Academy, Beach Club, cabanas, Art, Paddock Club Locations: Jeddah, Saudi Arabia, Miami, South Beach, Art Basel

☆ An options trade that wins if stocks continue to struggle into May
▼ + stars: | 2024-04-30 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Note that the last time, the 10-day moving average crossed above the 21-day moving average was back in late October/early November when the markets were just beginning a new bull run. Based on this thesis I want to make a bearish bet on DIA using a trade structure called a bear put spread. The Trade: DIA is a highly liquid ETF and if you look at its option chain, you will notice that it offers $1 wide strikes. DIA YTD mountain SPDR Dow Jones Industrial Average ETF Trust YTD Amazon and Apple report earnings this week. These are all significant market moving events and so a solid risk management plan needs to be in place for any trades taken this week.

Persons: Dow Jones Organizations: Dow, Dow Jones, Trade, DIA, Apple

☆ Trump will go from the trial to the trail and back again
▼ + stars: | 2024-04-29 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —Donald Trump will make his most concentrated effort yet to turn his criminal trial into a political asset in the next two days, heading from the courtroom to the campaign trail and back again. Not surprisingly, a majority of Democrats feel that Trump is being treated more leniently than others, while a majority of Republicans think the opposite. But there’s also a risk Trump’s loose tongue out on the trail could get him into trouble following his alleged violations of Merchan’s gag order. They were also tied in Pennsylvania, a third swing state Biden flipped from Trump four years ago. Trump is following a similar playbook as he fuses his criminal defense as a supposed victim of partisan persecution with his political offensive for a White House comeback.

Persons: Donald Trump, Trump, They’ve, Michael Cohen, Trump’s, Stormy Daniels, Joe Biden, Juan Merchan, he’s, —, “, ”, David Pecker, Matthew Colangelo, Todd Blanche, It’s, Biden, there’s, “ I’m, Republican Sen, Lindsey Graham of, Joe Biden’s, Mike Johnson Organizations: CNN, White, Trump, Conservative Political, Republicans, Biden, Republican, White House, CBS News, Sunday, GOP, Democratic, Capitol, Democratic Party, Columbia University, National Guard Locations: New York, Wisconsin, Michigan, Trump, Georgia, Florida, North Carolina, Bedminster , New Jersey, Lindsey Graham of South Carolina, “ State, Pennsylvania, Waukesha , Wisconsin, Gaza, Charlottesville , Virginia, Washington

☆ Bonds offer income and some volatility protection. Pick out the right bond fund for your portfolio
▼ + stars: | 2024-04-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

That said, in general, most investors would be best served buying a diversified bond fund, said Mulach. What to look for in bond fundsThere are several factors to consider when investing in a bond fund. Intermediate-core durations typically range between 75% and 135% of the three-year average of the effective duration of the Morningstar Core Bond Index. Top Morningstar Bond Funds Ticker Fund Morningstar Category Type 30-day SEC yield Adj. Aggregate Bond ETF can be a great option to simply replicate that index, he said.

Persons: Morgan Stanley, shouldn't, Morningstar, Mike Mulach, Chuck Failla, Failla, Mulach, You'll, Baird, BSBSX Baird, Morningstar's Organizations: Treasury, Federal Reserve, Sovereign Financial, Morningstar, SEC, Mutual, FLTB Fidelity, Fidelity, Hartford, Aggregate

☆ Eat, sleep, live luxury: LVMH is building whole cityscapes centered on their designer stores
▼ + stars: | 2024-04-28 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

Luxury powerhouse LVMH is investing billions in real estate, The Wall Street Journal reported. Michael Burke, head of LVMH Fashion Group, told the Journal, "We're creating a city." According to the Journal, the company spent $2.1 billion last year acquiring properties in Paris ahead of the Olympic games. Related storiesThe luxury brand is among several spending billions on luxury stores and experiences. Chanel and LVMH are also interested in purchasing properties on New York's Fifth Avenue and the Champs-Élysées in Paris, the Journal reported.

Persons: —, Louis Vuitton Moët Hennessy, Louis Vuitton, Frank Gehry, Michael Burke, we're, Burke, Bernard Arnault, Saint Laurent, Chanel, LVMH, Amar Sitayeb, Saint, Alan DeSousa Organizations: Street Journal, Service, Wall Street Journal, Dior, LVMH, Design, Miami Design District, Gucci, Montenapoleone, The New York Times, Times, Canada, Laurent, Global News, Business Locations: Paris, Pont Neuf, Miami, Montreal, Milan's, New, The, Marais

☆ Activist Jana Partners calls for a strategic review at Wolfspeed. Here’s how it may develop
▼ + stars: | 2024-04-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Activist Commentary: Jana is a very experienced activist investor founded in 2001 by Barry Rosenstein. Wolfspeed is the world's leading producer of silicon carbide, or SiC, and a manufacturer of silicon carbide applications. Jana also recommends that the board commences a review of strategic alternatives, including a possible sale of the company. At Freshpet, Jana also made operational and capital allocation recommendations in addition to reviewing a sale of the company. Here, there has been no such mention of a "Jana Dream Team," but it is a little too early for that.

Persons: Jana, Barry Rosenstein, Rosenstein, John Palmour, Wolfspeed, Renesas, Ken Squire Organizations: John Palmour Manufacturing, Silicon Carbide, Mitsubishi Electric, 13D Locations: Siler City, N.C, Marcy, N.Y, North Carolina, Mohawk, New York, Germany, Freshpet

☆ Ryōyū Kobayashi flies 291 meters through the air in landmark ski jump, but his effort wasn’t ‘in line with FIS regulations’
▼ + stars: | 2024-04-25 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +3 min

CNN —Ryōyū Kobayashi might have bettered the world ski jump record by nearly 40 meters on Wednesday, but the International Ski and Snowboard Federation (FIS) says it won’t recognize the Japanese jumper’s landmark effort as it didn’t meet the governing body’s competition conditions. Kobayashi flew through the air for around 10 seconds before delivering a smooth landing on Wednesday, video shows. “A ski flying competition must be based on a FIS-certified distance measuring system and take place on a ski flying hill homologated by FIS in order to stand up to comparison with other flights and be eligible for an official ski flying record,’ added the FIS. Austrian Stefan Kraft holds the FIS record for the longest competitive ski jump for a male after landing a 253.5m (831 ft 8.31 in) jump in Vikersund, Norway, in 2017. Even if I’m worried, I’ve no choice.”Kobayashi, aiming to jump some 984 ft (300 meters) still has his sights set on that landmark.

Persons: Ryōyū Kobayashi, Red Bull, Kobayashi, Bull, Kobayashi’s, ’, “, Austrian Stefan Kraft, ”, I’m, I’ve, ” Kobayashi Organizations: CNN, Snowboard Federation, FIS, “, Red Locations: Akureyri, Iceland, Austrian, Vikersund, Norway

Instead, the Israel Defense Forces will partner with the US military to anchor the causeway to the shore in Gaza “on day one,” the military official said. Dire humanitarian situationThe pier’s construction comes as the humanitarian situation in Gaza has become dire, a senior administration official said Thursday. The official confirmed that USAID will be working with the UN to distribute the aid once it reaches Gaza. Two command and control cells have been set up to facilitate the delivery of the aid via the pier, the military official said. The US role in the effort has been complex, with the military carrying out a high-stakes construction mission in a warzone and diplomats helping to organize a dangerous and highly politicized aid distribution operation.

Persons: ”, Patrick Ryder, Joe Biden, Biden, “ Organizations: CNN, Pentagon, USNS, Israel Defense Forces, US Army, IDF, US Navy, USAID, UN, United Locations: United States, Gaza, ”, Cyprus, Cypriot, Israel, Hatzor, Ashdod, American, Cardigan

☆ Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants
▼ + stars: | 2024-04-25 | by ( Madeleine Ngo | Zolan Kanno-Youngs | ) www.nytimes.com time to read: +1 min

Micron will use the grants to help construct two leading-edge chip manufacturing plants in New York and another facility in Idaho, Biden administration officials said before the president’s trip to Syracuse, N.Y., for the announcement. The federal government will also provide up to $7.5 billion in loans to Micron. The legislation gave the Commerce Department $39 billion to distribute as grants to incentivize chipmakers to construct and expand manufacturing plants across the United States. On Wednesday, he secured the endorsement of the North America’s Building Trades Unions, largely because of his bipartisan infrastructure package. He also is fresh off signing a $95.3 billion package of aid for Ukraine, Israel and Taiwan after months of congressional gridlock, reaffirming a central focus of his foreign policy agenda.

Persons: Biden, incentivize, Chuck Schumer Organizations: Micron Technology, Micron, Commerce Department, Unions Locations: New York, Idaho, Syracuse, N.Y, United States, Ukraine, Israel, Taiwan

☆ Apple shares could be primed for a rebound, according to the charts
▼ + stars: | 2024-04-24 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Investors have gotten so used to the stock making new highs every year that during the times in which this doesn't happen, concerns intensify. AAPL vs. its 200-day moving average AAPL has also been trading below its 200-day moving average for over two months. Indeed, it's spent more time below the long-term moving average over the years, but reclaiming the line has triggered newfound strength in the past. The big topping pattern is not bearish Another potential positive is that Apple's sporting a big bearish topping pattern on its weekly chart. DISCLOSURES: Cappelleri personally owns AAPL stock.

Persons: There's, it's, Said, AAPL, Cappelleri Organizations: Apple, Downside

☆ A bearish options trade on this health care giant that's starting to show signs of cracking
▼ + stars: | 2024-04-23 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

However, with broader market indicators showing signs of weakness, UNH is starting to reveal cracks — and the once-strong rally appears to be losing steam. The trade setup The trade structure I am using here is called a "bear put spread." Most trading platforms will offer a bear put spread (or long put spread) as a trade type and automatically construct the trade for you. Since the width of our spread is $495– $490 = $5, I can buy the spread for $2.50. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: UnitedHealth, UNH, ADX, Nishant Pant Organizations: Change, ½

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