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☆ Mojave Desert: How a seed bank in southern California is preserving an ancient ecosystem under threat
▼ + stars: | 2024-05-23 | by ( Samantha Bresnahan | ) edition.cnn.com time to read: +9 min

The result was the Mojave Desert Land Trust seed bank. In 2016, Mojave Desert Land Trust officially launched the seed bank project, which has since been described as a “Noah’s Ark” for southern California. A jar of seeds sits in one of three full refrigerators at the Mojave Desert Land Trust headquarters in Joshua Tree, California. Beau Molloy/CNN“We’ve already been able to provide seed to researchers who are studying the effects of climate change on specific species that we have in our seed bank,” Asbell adds. Beau Molloy/CNNRoughly 70,000 Joshua tree seeds are currently preserved in the seed bank, some of which could be planted in cooler locations, if needed.

Persons: birdsong, Madena Asbell, “, ” Asbell, Asbell, Beau Molloy, Kelly Herbinson, ” Herbinson, hasn’t, Corina Godoy, Gerber, MDLT, CNN “ We’ve, Joshua, It’s, Seuss, Herbinson, ”, ” CNN’s Adeline Chen Organizations: CNN, Land Trust, MDLT, Land, Mojave, Conservation Board Locations: California, Texas, Colorado, Mojave, Joshua Tree , California

☆ TikTok Is About to Become Even More Powerful Thanks to Millennials
▼ + stars: | 2024-05-23 | by ( Emilie Friedlander | ) www.businessinsider.com time to read: +14 min

"I have friends that say that TikTok Shop has ruined the app," Casey Lewis, a trends researcher, said. "It can be good — especially as TikTok moves to TikTok Shop — if they're able to capitalize on this shift and sell products more effectively to older users." Just because something is going viral on TikTok doesn't necessarily mean Gen Z is behind it. The same could be said of Gen Z, which would explain the generations' shared fascination with a time before smartphones and round-the-clock news. The Gen Z users I spoke with didn't seem particularly concerned about an influx of olds.

Persons: Keara Sullivan, Zers, Rushmore, Sullivan, Ryan Broderick, Adam Bumas, Broderick, TikTok, —, Cory Doctorow, it's, Kevin Munger, Doctorow, Casey Lewis, Lewis hasn't, Gen Zers, Jonathan Gelfond, Taylor Lorenz, Lorenz, Munger, Gen Z, Lewis, Stanley, Alpha, Zers —, Gen Alpha, hasn't, millennials, Jason Parham, Leslie Horn Petersen, she's, Gen, didn't, I've, Emilie Friedlander Organizations: New, Pew Research Center, Facebook, Senate, Microsoft, Penn State, Little League, Business, QVC, UC Santa Barbara, The Washington Post, YouTube Locations: New York, tfym, millennials, Brooklyn, Philadelphia

☆ Western fighters in Ukraine are getting killed because they assumed the war would be easy, says a US veteran who fought there
▼ + stars: | 2024-05-23 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

Read previewWestern fighters who joined the war in Ukraine have been killed, in some cases, because they assumed the fight would be easy, a US veteran who fought in Ukraine told Business Insider. Foreign fighters coming to UkraineHe was one of many foreign fighters who fought for Ukraine. There are no proven figures for how many foreign fighters have come to Ukraine or have been killed there. Ukraine founded its International Legion in 2022, allowing foreign fighters to come to Ukraine and help it fight back against Russia. Reasons aside, many foreign fighters have been killed, as Business Insider's Cameron Manley previously reported, with some international survivors saying they were used as a "sacrificial unit."

Persons: —, they're, that's, it's, Jackie, you've, they've, Zavhorodnii, Insider's Cameron Manley Organizations: Service, Business, AP, NATO, REUTERS, International Legion, Russia Locations: Ukraine, Kharkiv, Bakhmut, Iraq, Middle East, Afghanistan

☆ What you need to know about the new ‘FliRT’ coronavirus variant, according to a doctor
▼ + stars: | 2024-05-23 | by ( Katia Hetter | ) edition.cnn.com time to read: +6 min

CNN —There is a new coronavirus variant in town. Home tests will likely still detect KP.2, the new coronavirus variant. Grace Cary/Moment RF/Getty ImagesCNN: What should people know about this new variant, KP.2? Wen: Most people who contract the coronavirus will never know what variant is causing their symptoms. CNN: Who should take antiviral treatments if they contract Covid-19?

Persons: Leana Wen, Wen, Grace Cary, Covid Organizations: CNN, US Centers for Disease Control, KP, George Washington University, Getty, Alpha, Beta, CDC Locations: KP, United States, Delta, Covid

☆ Cruz is just the latest Republican to appease Trump by raising 2024 voter fraud fears
▼ + stars: | 2024-05-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +8 min

Washington CNN —Top Republicans are already rushing to buy into a new 2024 election fraud narrative sown by ex-President Donald Trump in their zeal to appease their party’s presumptive nominee. The new Republican trend of casting doubt on the integrity of the 2024 election in advance was exhibited by Sen. Ted Cruz on Wednesday in an interview with CNN’s Kaitlan Collins. Despite Trump’s claims of voting irregularities, multiple courts, including the US Supreme Court, rejected the former president’s claims he was cheated out of power. The positioning looks a lot like laying the groundwork for a challenge to the fairness of the 2024 election if Trump loses in November. The idea that the 2024 election may not be free and fair was also raised recently by Ohio Sen. J.D.

Persons: Donald Trump, Sen, Ted Cruz, CNN’s Kaitlan Collins, Trump’s, William Barr, Cruz, Collins, ‘ Will, ” Cruz, “, Trump, Biden, I’m, Mike Pence, I’ll, ” Trump, it’s, Georgia —, Nikki Haley, ”, Florida Sen, Marco Rubio, …, Al Gore, Ohio Sen, J.D, Vance, CNN’s Dana, Dana, ” Vance Organizations: Washington CNN —, Republicans, Republican, Trump, US, Milwaukee Journal Sentinel, Biden, South Carolina Gov, Republican Party, Democratic, Democrats, Supreme, Ohio, Union Locations: Trump’s, Texas, Arizona, Georgia, Trump The Texas, Florida, “ State

☆ Corporate America is going through a middle-management meltdown
▼ + stars: | 2024-05-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Middle managers are becoming an endangered species in Corporate America, with some companies viewing the role as obsolete , writes Business Insider's Lindsay Dodgson. Remote work, tech efficiencies, and a general push to cut costs have contributed to middle managers' demise. It's a strategy Corporate America, particularly Big Tech, deployed in 2023. The "year of efficiency," as Mark Zuckerberg dubbed it, was all about flattening organizations, and middle managers were the ones getting squished . The death of middle managers could also fuel the current dismantling of another cohort: the middle class .

Persons: —, Brooks Kraft, Insider's Lindsay Dodgson, millennials, Gen Zers haven't, Robyn Phelps, they're, Mark Zuckerberg, Gen, Jeffrey Gundlach, we're, Blackstone, Abanti Chowdhury, Jensen Huang, Hopper, Blackwell, Lilit, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Brooks Kraft LLC, Getty, America, Big Tech, Citi, Street Journal, KKR, Meta, Google, Nvidia, Paragon Intel, National Association of Realtors, FAA Locations: Corporate America, millennials, New York, London

☆ How the US Navy's Virginia-class attack submarine gives the US an edge in global undersea superiority
▼ + stars: | 2024-05-23 | by ( Kris Osborn | ) www.businessinsider.com time to read: +6 min

The Navy's Virginia-Class: The best submarine of all timeThe Virginia-class attack submarine USS Virginia returns to Naval Submarine Base New London after her maiden six-month deployment. Given these and other variables, Virginia-class submarines are becoming increasingly critical to clandestine "intel" missions in high-risk areas. Virginia-class vs. Kilo-class submarinesFuture Virginia-class attack submarine PCU Idaho during a christening ceremony at General Dynamics Electric Boat shipyard facility in Groton, Connecticut. Attack submarines as "intel spy" submarinesThe Virginia-class fast-attack submarine USS Indiana surfaces in the Beaufort Sea during Operation Ice Camp. This can increase the speed of maneuverability and an attack submarine's ability to quickly shift course, change speed, or alter depth positioning when faced with an attack.

Persons: —, Steven Myers, John Narewski Block, Foster, Alexander Yachanin Organizations: Service, Pentagon, US Navy, Business, Naval Submarine Base, intel, General Dynamics Electric, Intelligence, Camp, Stanford University, Nuclear, Electronics, Brandon Holland, United States Submarine Force, Special Operations Forces, Tomahawk, Forces Locations: Navy's Virginia, Virginia, London, South Dakota, Idaho, Groton , Connecticut, Indiana, Beaufort, Los Angeles, The Virginia, Mississippi, Yokosuka

☆ 20 easy ways to make your burgers even better using things you already have in your kitchen
▼ + stars: | 2024-05-23 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Many, if not all, of these ingredients can already be found in your kitchen and pantry. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to a 2023 report by Cargill Meat Solutions Corporation, 79% of Americans order burgers at restaurants at least once a month. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Cargill Meat Solutions Corporation, Business Locations: America

☆ I tried the Megaformer Pilates workout, loved by Kim Kardashian and Michelle Obama. It targeted my thighs in a whole new way.
▼ + stars: | 2024-05-23 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +7 min

The list of Lagree's celebrity fans is long, including, reportedly, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, and Kim Kardashian. Steve Granitz/Getty ImagesThe global boutique fitness studio market is currently valued at $55.16 billion and is expected to reach $79.66 billion in 2029, according to Research and Markets. The gym was luxurious but minimalist, with club-style studiosThere are a couple of fitness studios in London offering Megaformer workout classes now, both at £35 ($45). AdvertisementStudio Fix's Megaformer studio. Afterward I felt proud of myself and my body felt good from the stretching and mobility.

Persons: —, Sebastien Lagree, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, Kim Kardashian, Steve Granitz, I've, Rachel Hosie, Andrea, Rachel, Lagree, I'd, Najeeb Abunahl, Sebastian Lagree, Abunahl Organizations: Service, Business, Research, Sauce Communications Locations: barre, London, Kensington —, Europe

☆ 36% of Americans say real estate is the best long-term investment—financial pros say they may be wrong
▼ + stars: | 2024-05-23 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

For years, Gallup has asked investors exactly that question, and since 2013 the most popular answer has been the same: real estate. It's tough to say what the best long-term investing option is without knowing the desired outcome." You can invest in real estate via real estate investment trusts, which trade like stocks, or ETFs that hold them. As you pay down your mortgage, you build equity in a piece of real estate that also appreciates in value. Among Americans making less than $40,000 per year, 33% choose real estate as their No.

Persons: Gallup, Stocks, Nick Foulks, Andrew Briggs, Briggs, Gold Organizations: cryptocurrency, Great Waters, National, Advisory, presto

☆ Businesses push Biden to grant work permits to longtime undocumented immigrants
▼ + stars: | 2024-05-23 | by ( Tami Luhby | ) edition.cnn.com time to read: +10 min

She knows there’s a bigger pool of experienced workers out there, but she can’t hire them because they are undocumented immigrants. The coalition argues Biden can do more through executive action under current law, including by expanding work permits to spouses of US citizens. All of Indiana dairy farmer Steve Obert's employees are authorized to work, but he is among the business leaders advocating for more work permits for longtime undocumented residents. Courtesy Steve ObertAll of Obert’s 15 non-family employees are foreign born and have work permits. But he knows that undocumented workers contribute a lot to the industry, as well as to the communities where they live.

Persons: Lisa Winton, Winton, Biden, ” Winton, ” Lisa Winton, Joe Biden, Donald Trump, Barack Obama, Trump, , ”, Karoline Leavitt, “, ” It’s, Steve Obert, Jessica Vaughan, Rebecca Shi, ‘, ’ ”, Shi, Vaughan, Tara Watson, Bush, Obama, Kerri Talbot, Trump’s, Steve, ” Obert Organizations: CNN, Winton Machine Company, American Business Immigration Coalition, Employers, Time, Trump, Pew Research Center, Labor, National Agricultural Workers Survey, Center, American, National Milk Producers Federation, Immigration Services, Center for Immigration Studies, Department of Homeland Security, Migration Policy Institute, Williams College, Immigration, Indiana Dairy Producers Locations: Suwanee , Georgia, Winton, Georgia, America, Indiana

☆ Some birds may use ‘mental time travel,’ study finds
▼ + stars: | 2024-05-23 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +7 min

“It’s often helpful to think about episodic memory as remembering, whereas semantic memory is just knowing,” he said. To find out whether Eurasian jays are capable of "mental time travel," researchers worked with birds trained to find food hidden under cups. “The idea is that with human episodic memory, we remember details of events that, at the time, weren’t necessarily relevant to anything. This aspect of episodic memory is sometimes referred to as “mental time travel.”To find out whether Eurasian jays are capable of mental time travel, the researchers worked with birds that had been trained to find food hidden under cups. “The big disease of memory is Alzheimer’s disease, and of course, the most debilitating aspect of Alzheimer’s disease is a profound loss of episodic memory,” Crystal said.

Persons: CNN —, ”, James Davies, Davies, “, “ There’s, James Davies Corvids, Nicola Clayton, —, advisee, ” Davies, weren’t, didn’t, ‘, I’ll, ’ ” Davies, Jonathon Crystal, ” Crystal, “ It’s, Kate Golembiewski Organizations: CNN, University of Cambridge’s, University of Indiana Bloomington Locations: Chicago

☆ I used a fake name on my résumé to land a job. It might have helped, but it felt like I lost a core part of myself.
▼ + stars: | 2024-05-23 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

In 2007, I added an English-sounding name to my résumé in the hopes that it could help me land a job. AdvertisementToward the end of my college experience, I started preparing to get a job in petroleum engineering. AdvertisementOver time, I began to transition back to using Mukhtar. A Nigerian colleague who was like a mentor to me started using my real name. Since Arabic is widely spoken in the Middle East, I would introduce myself to new people as Mukhtar, not Mark.

Persons: —, Mukhtar Kadiri, Mukhtar, I've, Mark, Mukhtar —, I'd, Mark —, I'm Organizations: Service, Business, Texas Tech University, Employers Locations: Toronto, Edo State, Nigeria, Oman, UAE, US, Canada

☆ Celibacy might suck, but it's better than dating apps. Hooking up with old friends is the way to go.
▼ + stars: | 2024-05-23 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +6 min

But, since then, the apps seemed to have changed the way dating worked. Celibacy and a different approach to dating are, to me, the only answers to the kind of dehumanizing behavior the apps today provoke. AdvertisementThe author stopped using dating apps and only dates men she already knows. Dating apps throw people together with none of the social glue that binds us in our IRL trusted networks. Some people might call this style of dating "friends with benefits," but I don't.

Persons: Tinder, Bumble, I've, We'd, who'd, we're, I'd Organizations: Service, National, coy, Facebook, IRL Locations: Spain, Ireland, Istanbul

☆ Africa’s richest man says he needs 35 visas to travel in Africa – way more than a European visitor
▼ + stars: | 2024-05-22 | by ( Larry Madowo | ) edition.cnn.com time to read: +5 min

The 67-year-old entrepreneur’s visa woes have reignited a fresh firestorm about the frustrations of traveling within Africa for Africans. But many African countries still require visas from other Africans and the experience is fraught with discrimination, hostility and sky-high fees. He has also been detained at airports in Kenya and South Africa because of his Nigerian passport. “There’s a fear in richer African countries that people from poorer nations might be looking for a way to permanently move there,” he explains. His new St Kitts passport allows him to go to more African countries than his Nigerian passport.

Persons: Aliko Dangote, ” Dangote, ”, Patrick, Pouyanné, Tayo Aina, Aina, YouTuber, hasn’t, Marco Longari, Alan Hirsch, “, Sotunde, William Ruto, Tayo Organizations: Rwanda CNN, Forum, CNN, African, African Continental Free Trade, Getty, University of Cape, New, Institute, Travelers, East African Community, Kenyan, REUTERS, Reuters Kenyan, St Kitts Locations: Kigali, Rwanda, Nigerian, Africa, “, Benin, The Gambia, Seychelles, Addis Ababa, London, Kenya, South Africa, Caribbean, St Kitts, Nevis, AFP, University of Cape Town, Johannesburg, Southern, West Africa, Abuja, Nigeria, East

☆ Morgan Stanley's Slimmon names tech stocks to buy at a 'reasonable price'
▼ + stars: | 2024-05-22 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Morgan Stanley Investment Management's Andrew Slimmon has been consistently bullish on stocks — even during periods of volatility. Given the "sky high" inflation numbers in 2022 and 2023, Slimmon said, it's "only natural" that inflation would be on a downward trajectory as the year-on-year comparisons were "relatively easy." Last week, the April consumer price index report in the U.S. showed that inflation eased slightly for the month. "The problem is, as we get into May number, June numbers, July numbers of last year, those CPI numbers really came down quite a bit," Slimmon told CNBC's " Street Signs Asia. " "When you think about Netflix, Amazon, you're talking about two [companies] that give a lot of value to their customers for a relatively reasonable price," Slimmon said.

Persons: Morgan Stanley, Andrew Slimmon, it's, Slimmon, CNBC's, —, Jeff Cox Organizations: Morgan Stanley Investment, CNBC, U.S . Federal Reserve, Treasury, Federal Reserve, Netflix, United Rentals, Waste Management Locations: U.S

☆ What Do Students at Elite Colleges Really Want?
▼ + stars: | 2024-05-22 | by ( Francesca Mari | ) www.nytimes.com time to read: +1 min

“Freshmen after spending 0.02 seconds on campus,” read the caption, posted in 2023 to the anonymous messaging app Sidechat. The campus in question was Harvard, where, at a wood-paneled dining hall last year, two juniors explained how to assess a fellow undergraduate’s earning potential. It’s easy, they said, as we ate mussels, beets and sautéed chard: You can tell by who’s getting a bulge bracket internship. One of the students paused, surprised that he was unfamiliar with the term: A bulge bracket bank, like Goldman Sachs, JPMorgan Chase or Citi. Not to be confused with M.B.B., which stands for three of the most prestigious management consulting firms: McKinsey, Bain and Boston Consulting Group.

Persons: ”, sautéed, who’s, ” Benny Goldman, Goldman Sachs Organizations: Harvard, JPMorgan Chase, Citi, The, McKinsey, Bain, Boston Consulting Group Locations: sautéed chard

☆ A 67-year-old bodybuilder who started exercising in her 50s shares 4 things she's learned about getting fit at any age
▼ + stars: | 2024-05-22 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Flowers told Business Insider that life has been tough: she was in difficult relationships and has struggled with eating disorders. "That's when I realized I had to turn things around and change, because I was destroying my body," she said. At the age of 58, she started exercising at home, following bodyweight programs on fitness DVDs. AdvertisementFlowers shared four things she's learned about getting fit at any age.

Persons: —, Marlene Flowers, Flowers, Marlene Flowers Flowers, Rachel Hosie, Jamie Wright, Kristin Haraldsdottir, Daniel Lieberman Organizations: Service, Business, Harvard

☆ Williams-Sonoma CEO explains how the company deals with a difficult housing market
▼ + stars: | 2024-05-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Wednesday interview with CNBC's Jim Cramer, Williams-Sonoma CEO Laura Alber explained how her company handles a tough housing market. "The customer isn't shopping for as much furniture as they were because of the housing slump, but they are, you know, still updating their homes," Alber said. Williams-Sonoma owns several brands besides its own namesake homewares business, including West Elm and Pottery Barn. The company reported an earnings beat on Wednesday, but saw weakness in its Pottery Barn brand. Alber acknowledged that Pottery Barn was affected by high housing costs but said Williams-Sonoma is doing better than others in the industry.

Persons: CNBC's Jim Cramer, Laura Alber, Alber, we've, Williams, We're Organizations: Sonoma Locations: Williams, Sonoma, what's

☆ Ex-Google CEO Eric Schmidt has an easy solution to the terrifying idea of AI with free will
▼ + stars: | 2024-05-22 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

At VivaTech in Paris, Eric Schmidt shared some unsettling predictions about the dangers of AI. The former Google CEO said if computers developed free will, "we're going to unplug them." AdvertisementEric Schmidt made some unsettling predictions Wednesday about AI while speaking at the annual VivaTech conference in Paris. Schmidt acknowledged that the development of AI posed dangers but said the biggest threats hadn't arrived yet. If and when those threats do materialize, Schmidt seems to think the world will have a way to deal with it.

Persons: Eric Schmidt, —, he's, Schmidt, hadn't Organizations: Google, Service, Business Locations: VivaTech, Paris

☆ A Dreamy Bean Dip in Under 30 Minutes
▼ + stars: | 2024-05-22 | by ( Yotam Ottolenghi | ) www.nytimes.com time to read: +1 min

But in recipe writing as in life, there are few things less reassuring or relaxing than being told to be reassured and relax. But then how can you reconcile this vague confidence with the fact that, in so many other matters, the same recipe writer can be so specific? Take an onion, which, for many recipes, accomplishes what “once upon a time” does in so many stories. the recipe reader thinks. There are so many variables, none of which we writers seem to be in sync about in the slightest.

☆ Latest Trump hush-money battle: how to instruct jurors on the coverup of a coverup and crimes within crimes
▼ + stars: | 2024-05-22 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

Read previewLawyers in the Donald Trump hush-money trial spent Tuesday afternoon in a spirited battle over this question: what will the judge tell jurors right before they begin their deliberations next week? The jury charge is so important, so sacrosanct, that Merchan will order the doors to his courtroom sealed for its duration, with no one in the well or audience allowed to enter or leave. AdvertisementThe jury charge for this single felony should be easy, right? But it's not the only law jurors must understand and weigh when they begin deliberations as early as Wednesday. Or can some jurors find that Trump conspired to violate tax law, while other jurors see the falsification of National Enquirer business records as the central offense?

Persons: —, Donald Trump, Juan Merchan, Trump, There's, Attorney Alvin Bragg, Bragg, Michael Cohen, Cohen, — Cohen, Stormy Daniels, Getty, Daniels, it's, Prosecutors, he's, It's, reimbursements, Emil Bove, Matthew Colangelo, Colangelo, Merchan, I'm, Yuki Iwamura, Bove, he'll Organizations: Service, York, Business, Trump Organization, Prosecutors, Attorney, Trump, Manhattan, Federal, National Enquirer Locations: New York, York, Manhattan

☆ I was a stay-at-home mom for 7 years. When I updated my résumé, I realized that so much of mothering applies to jobs.
▼ + stars: | 2024-05-22 | by ( Nina Weierman | ) www.businessinsider.com time to read: +3 min

For those in the daily grind, that is probably hard to understand, but as a stay-at-home mom, there are things that I miss about having a job to go to every day. Things like getting dressed and having conversations with someone above the age of 6, for one, but also things like doing work that is validated by society. I felt like I needed to explain the gap in my resuméOnce I finished editing my résumé, I couldn't help feel the need to explain more about what I have been doing as a stay-at-home mom. Related storiesJust the term "stay-at-home" mom makes me cringe because it immediately brings up these images of a woman sitting in her house to mind. Yet here I am, just hoping someone will read between the lines on my résumé on everything that means to be "just" a mom.

Persons: —, I've Organizations: Service, Business, Mother's

☆ Options market sees 12% move in Nvidia after this 'unusually important' earnings report, says Goldman
▼ + stars: | 2024-05-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Nvidia has been the biggest story of Wall Street's rally to record highs, but the options market appears to be underestimating the impact of its earnings report Wednesday, according to Goldman Sachs. "NVDA options suggest investors expect this earnings report to be unusually important; NVDA options imply a +/-11.9% earnings-day move vs. its 4-quarter historical earnings-day move of +/-10.8%. The importance of this earnings report is easy to see given NVDA options volume has been 36% of all single stock options volumes over the past three months," the note said. The S & P 500 is a market cap-weighted index, meaning that Nvidia has taken on extra importance over the past two years. The options market has underpriced S & P 500 moves following the previous four Nvidia reports as well, according to Goldman.

Persons: Wall, Goldman Sachs, John Marshall, Marshall, Goldman, — CNBC's Michael Bloom Organizations: Nvidia, Traders

☆ I'm a Disneyland performer — I work hard for not enough money. Now we're unionized, I'm feeling hopeful.
▼ + stars: | 2024-05-22 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

Read previewMai Vo began her career as a lookalike performer at Disneyland in 2004. I'm doing partner work with another performer, a female who may weigh less than 100 pounds. AdvertisementDisneyland performers often push through pain and work really, really hard. 'Financial independence would be nice'I've seen colleagues work extra hard, doing overtime and working six-day weeks just to survive in Southern California. For many Disneyland performers, this is their dream job.

Persons: —, Mai Vo, haven't, Mickey Mouse, Jae C, I've, I'm Organizations: Service, Magic United, Business, Disney Locations: Anaheim, Southern California, Anaheim , California

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