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☆ The thinking person's AI trade: There's a cheap, under-the-radar sector generating historically strong returns — and these 8 stocks are Goldman Sachs' top picks
▼ + stars: | 2024-05-31 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

It marks the often-unloved group's third-best showing since 2002, according to Goldman Sachs. Utilities aren't just an AI playOther than their understated connection to AI, utilities are attractive on a valuation basis and as a defensive hedge, according to Goldman Sachs. AdvertisementHowever, utilities are cheap compared to the high-single-digit earnings growth they're expected to produce in the next several years. Goldman SachsBesides being discounted relative to their future growth, utilities serve as a hedge against lower economic growth. AdvertisementOf the 16 utilities stocks covered by Goldman Sachs analysts, only half have a buy rating from the firm.

Persons: —, Goldman Sachs, Carly Davenport, Ryan Hammond, Bill Gross, Sebastien Page, Rowe Price, it's, Page, Goldman, Hammond Organizations: Service, Utilities, Business, Nvidia, Microsoft, Goldman, Federal Reserve

☆ My son decided to go to a college across the country. I'm already dreading my empty nest, but it's time to let him go.
▼ + stars: | 2024-05-24 | by ( Erika Ebsworth-Goold | ) www.businessinsider.com time to read: +4 min

AdvertisementI'll soon have an empty nest, with my bird nearly 2,000 miles away, and I'm already dreading it. He decided to go to college far from homeHis father and I are incredibly proud of him and know he's ready for this next big step. He's ready to be close to the ocean, meet new friends, and dive headfirst into his film studies. While our son is raring to go and ready to meet the world on his own terms, I'm not sure I'm ready for him to be thousands of miles away. In the meantime, get ready world.

Persons: He'll, whittle, I'm, raring Organizations: Service, Business, Grand Central Locations: East Coast, California, Los Angeles

☆ Recession is still a real threat, Jamie Dimon and David Solomon warn
▼ + stars: | 2024-05-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewPersistent inflation and a full-blown recession are still firmly on the table, two Wall Street titans have warned. Jamie Dimon told CNBC on Thursday that sticky inflation is more likely than many people think. Dimon said the "worst outcome" would be stagflation — a painful combination of elevated inflation, higher rates, and a recession that would hit consumers and pull down corporate profits. No cuts and a real slowdownDavid Solomon struck a similar tone at a Boston College event on Wednesday, Bloomberg reported. Solomon also said in March that he was less certain of a soft landing than the market consensus.

Persons: —, Jamie Dimon, Dimon, David Solomon, Goldman Sachs, Solomon Organizations: Service, Wall, CNBC, JPMorgan, Business, Federal Reserve, Boston, Bloomberg

☆ 'AI revolution just getting started': Here's what Wall Street is saying about Nvidia's 1st-quarter earnings blowout
▼ + stars: | 2024-05-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Nvidia stock soared 9% on Thursday to record highs after its reported earnings. The company defied analyst expectations yet again, and said that demand for its AI chips continues to outstrip demand. Wall Street analysts were impressed by the results, with a slew of price target increases hitting the tape Thursday morning. Wedbush: "AI revolution just getting started"Analysts at Wedbush said the "AI gold rush" is just getting started as a "tidal wave" of spending on AI chips hits the entire tech sector. The AI Revolution starts with Nvidia and in our view the AI party is just getting started with the popcorn getting ready."

Persons: —, Goldman Sachs, it's, Nvidia's, Blackwell, Wedbush, AI Jensen Organizations: Service, Nvidia, Wall Street, Center, Data Center, Data, Blackwell, JPMorgan, Meta, Bank of America Locations: 2HCY24, CY25, CY24

☆ Abortion politics have changed so drastically that a GOP Senate candidate is airing an ad saying he would vote to codify Roe into law
▼ + stars: | 2024-05-21 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

President Joe Biden and Democrats have tried unsuccessfully to restore nationwide abortion rights since the Supreme Court issued its landmark reversal of Roe in 2022. AdvertisementHogan's position makes him one of the few prominent Republicans to support abortion rights. When he first announced his Senate run, Hogan initially said he needed to think more about his position on abortion rights. Democrats have already placed abortion rights on the Florida ballot this November. No Republican Senate is going to make a serious effort to codify Roe, given the party's near-universal support to restrict abortion rights.

Persons: —, Larry Hogan, Roe, Hogan, Wade, he's, Joe Biden, Angela Alsbrooks, Alsobrooks, David Trone, Susan Collins of, Lisa Murkowski, codifying Roe, Donald Trump, Mitch McConnell, Court's Dodds, hasn't, it's, Trump Organizations: Service, Maryland Gov, GOP, Democrats, Business, Prince, Wine, Republicans, Press, Senate, Biden, Republican Senate Locations: Prince George's County, Susan Collins of Maine, Alaska, Maryland, Florida, Arizona

For the first time, Sonos is set to launch a pair of wireless headphones. AdvertisementSonos Ace price and preorder detailsThe Sonos Ace are set to launch on June 5. SonosThe Sonos Ace are now available to preorder for $449 from Sonos' online store and Best Buy. Sonos Ace Headphones The Sonos Ace are the brand's first pair of wireless headphones. SonosThe Sonos Ace are packed with all the core features that we've come to expect from a pair of flagship wireless headphones.

Persons: Bose, Ray, Sonos, 1000XM5, Apple AirPods Max, soundbars, we've Organizations: Business, Bose, Sony, Apple, Dolby, Amazon, Sony WH

☆ Ocean water is rushing miles underneath the ‘Doomsday Glacier’ with potentially dire impacts on sea level rise
▼ + stars: | 2024-05-20 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

The Thwaites Glacier in West Antarctica — nicknamed the “Doomsday Glacier” because its collapse could cause catastrophic sea level rise — is the world’s widest glacier and roughly the size of Florida. Thwaites, which already contributes 4% to global sea level rise, holds enough ice to raise sea levels by more than 2 feet. “This process of widespread, enormous seawater intrusion will increase the projections of sea level rise from Antarctica,” he added. Sea ice around Rothera Point, on Adelaide Island to the west of the Antarctic Peninsula. The researchers also used climate models to predict the potential speed of recovery from such extreme sea ice loss and found that even after two decades, not all the ice will return.

Persons: West Antarctica —, It’s, Thwaites, glaciologists —, Irvine —, ”, Eric Rignot, Finland’s, Rignot, Ted Scambos, it’s, James Smith, Noel Gourmelen, Gourmelen, Steve Gibbs, ” Louise Sime Organizations: CNN, National Academy of Sciences, Global, University of California, UC Irvine, University of Colorado, British Antarctic Survey, University of Edinburgh, BAS Locations: West Antarctica, Florida, Irvine, Antarctica, University of Colorado Boulder, Thwaites, Rothera, Adelaide

☆ Bollywood and Indian politics: Influence of Modi and BJP on world’s largest film industry
▼ + stars: | 2024-05-17 | by ( Jessie Yeung | Rhea Mogul | ) edition.cnn.com time to read: +16 min

And most of these are Hindi films, meaning Bollywood holds an outsized influence on the country’s culture, identity and economy. A screengrab from the 2022 Bollywood film "The Kashmir Files." CNN reached out to several people from the film industry for this story, some of whom declined to be interviewed due to sensitivities around the topic. It encouraged some Bollywood filmmakers to “(lean) into the caricature of the Muslim villain,” he says. These films are growing fast; outside Bollywood, earnings from the South Indian media and entertainment industry have nearly doubled year on year, according to a 2023 report by the Confederation of Indian Industry.

Persons: India’s, Narendra Modi, Indranil Mukherjee, ”, Raja Sen, “ It’s, Modi, Tanul Thakur, …, Veer Savarkar, –, ” Adah Sharma, Pandits, Vivek Agnihotri, ” Sudipto Sen, Debashree Mukherjee, it’s, Thakur, Sen, Darab Farooqui, Sonu Mehta, Farooqui, “, she’s, Aamir Khan, ” Farooqui, Jawaharlal Nehru, Mukherjee, Yash Chopra, ” That’s, ” Thakur, ” Sen, “ We’ve, ’, Dharmendra, Noemi Cassanelli, “ Something’s Organizations: India CNN —, Bharatiya Janata Party, BJP, Observers, Hollywood, Republican, Modi’s, Getty, CNN, Ministry of Culture, of, Netflix, Columbia, Social Democratic Party of India, Hindustan Times, Columbia University, Journalists, Confederation of Indian Industry Locations: Mumbai, India, Kerala, Kashmir, Jammu, Columbia University’s, Middle Eastern, South, Jaipur, New Delhi, Pakistan, United States, Tamil Nadu

☆ Miami is 'ground zero' for climate risk. People are moving to the area and building there anyway
▼ + stars: | 2024-04-26 | by ( Greg Iacurci | ) www.cnbc.com time to read: +20 min

South Pointe Beach in Miami Beach, Florida. Climate risk is "always on our thoughts," said Habibian, 39, who moved to Miami-Dade County about six years ago. Despite that risk, 66% of Miami-Dade County residents said they'd never leave, according to a study published in the journal Climate Risk Management. "We try to be smart about it, try to be proactive as best we can," Arditi said of climate risk. Juxtaposed at left was one of the last remaining patches of mangroves in the urban Miami area, a living memorial to a once-thriving population.

Persons: Greg Iacurci, Daniel Habibian, Harold Wanless, Sonia Brubaker, Saul Martinez, Andrew Rumbach, Rumbach, Joe Raedle, Irma, Al Diaz, they'd, Steven Bustamante, Bustamante, Jeff Greenberg, There's, David Arditi, Arditi, Aria's, Jeff Bezos, Goldman Sachs, Douglas Sacks, Ken Griffin, Brubaker, Biscayne Bay . Miami Worldcenter, Chandan Khanna, Dion Williams, Williams, Dion, Todd Crowl, Crowl, We're, Erik Salna, Chris Baraloto, Rita Teutonico, Amy Knowles, Knowles, it's, City of Miami Beach Greg Iacurci Miami Organizations: Greg Iacurci MIAMI, University of Miami, City, CNBC, Cumming Group, Florida Department of Transportation, Bentley, Bloomberg, Getty, Urban Institute, Organisation for Economic Co, Miami, Volunteers, Florida Keys, Miami Herald, Tribune, Service, Dade, Risk, Yale University's School of, Finance, SEC, Miami Beach, Universal, Group, Aria Development, National Association of Realtors ., Miami Realtors, Amazon, Citadel, Resorts, Bloomberg News, Dade County's, Getty Images, Residences, Pointe Park, Fifth, Afp, Federal Emergency Management Agency, Management, Sunshine, Insurance, Institute, Florida International University Institute of Environment, Hurricanes, University of Pennsylvania, International Hurricane Research, of, Florida International University, City of Miami Beach Locations: Pointe Beach, Miami Beach , Florida, Miami, South Beach, Dade, City of Miami, Dade County, New York, Fort Lauderdale, West Palm, South Florida, Florida, Tampa, St . Petersburg, Miami , Florida, Southeast Florida, Miami Beach, City, Aria's Miami, U.S, California , New York, New Jersey, America, Caribbean, New York City, Biscayne Bay . Miami, Pointe, It's, Surfside, . Florida, Biscayne Bay, Miami's, Bermuda, Kampong, Coconut Grove, Brittany Bay, South Pointe, City of, Brittany Bay Park

☆ Taylor Swift's feud with Kim Kardashian has been reignited once again. Here's what you need to know.
▼ + stars: | 2024-04-24 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +17 min

Read previewPlenty of context is required to understand why Taylor Swift and Kim Kardashian are paired in new headlines this week — especially since, to the public's knowledge, they haven't interacted in years. It all started when Kardashian released clips of a phone call between Swift and Ye, without Swift's knowledge or permissionTaylor Swift, Kanye West, and Kim Kardashian at the 2015 Grammys. Kardashian's footage shows the rapper reading Swift the original line, "I feel like Taylor Swift might owe me sex," which she approvingly described as "obviously very tongue-in-cheek." Swift also liked a BuzzFeed headline that argues, "Everyone Owes Taylor Swift An Apology," among others, including a fan-made "Taylor told the truth mood board." AdvertisementIn 2024, Swift's song Thank You Aimee' reignited interest in her fued with KardashianTaylor Swift and Kim Kardashian.

Persons: —, Taylor Swift, Kim Kardashian, Swift, Aimee, aIMee, Kardashian, Kardashian's, Kanye West, Ye, Kanye, Larry Busacca, Pablo, Taylor, Beyoncé should've, Beyoncé, Tree Paine, KimExposedTaylorParty, egged, — Kim Kardashian, Rolling Stone, Kardashian Taylor Swift, Kevin Mazur, Dave J Hogan, Dimitrios Kambouris, WireImage, It's, I'm, you've, didn't, Nobody, Paine, Cassandra, Jeff Kravitz, Steve Granitz, FilmMagic Swift, KIM Organizations: Service, Department, Business, Swift, Guardian, Kanye, YouTube, WHO, World Health Organization, America, Poets Department

☆ Japan Gives Washington 250 Cherry Trees as Replacements
▼ + stars: | 2024-04-10 | by ( Aishvarya Kavi | More About Aishvarya Kavi | ) www.nytimes.com time to read: 1 min

Japan is giving the United States 250 cherry trees to replace more than 100 that will be torn up during construction around the Tidal Basin in Washington, the Japanese prime minister, Fumio Kishida, said on Wednesday. The gift honors the 250th anniversary of the signing of the Declaration of Independence, which the United States will celebrate in 2026, Mr. Kishida said at a White House ceremony welcoming him for a state visit. President Biden thanked Mr. Kishida for the cherry trees, which have become a symbol of the relationship between the United States and its longtime ally as well as a popular tourist attraction in spring. The mayor of Tokyo gave Washington 3,000 of the trees, which are not native to the United States, in 1912.

Persons: Fumio Kishida, Kishida, Biden, Mr Organizations: United, Washington Locations: Japan, United States, Washington, Independence, Tokyo

Washington CNN —President Joe Biden hosts Japanese Prime Minister Kishida Fumio for a state visit Wednesday, including a crucial Oval Office meeting, reinforcing his commitment to bolstering vital partnerships in the Indo-Pacific amid a militarily and economically resurgent China. Over 70 items covering a wide array of critical sectors are expected to be announced as part of the bilateral meeting between Biden and Kishida, according to senior administration officials. “The idea of switching to a multilateral, lattice-like strategic architecture is to flip the script and isolate China,” this person said. Cherry Blossom diplomacyEven as the leaders plan to announce the lengthy list of defense and diplomatic agreements during the course of their visit, senior administration officials also sought to highlight a more symbolic takeaway. A senior Biden administration official called the original gift of cherry trees from Japan one of the most important diplomatic gifts in US history – second only to the Statue of Liberty, a present from France.

Persons: Joe Biden, Kishida Fumio, Biden, Kishida, Jake Sullivan, ”, Cherry, “, Donald Trump Organizations: Washington CNN, Japanese, Carnegie Mellon University, Keio University, University of Washington, Washington State, Tsukuba University, US Steel, American, White, National Park Service, Biden, of, Japan Locations: China, Japan, Australia, Tokyo, Philippines, North Korea, Kishida, Ukraine, United States, Washington, France

☆ Mozambique: At least 94 dead after unlicensed ferry boat capsizes, official says
▼ + stars: | 2024-04-08 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —At least 94 people died, including children, and 26 are missing after a ferry boat capsized off the northern coast of Mozambique, an official from the country’s Maritime Transport Institute (INTRASMAR) said. “On Sunday we registered a maritime incident where at least 94 people died when a barge carrying 130 people capsized. We have recovered 94 bodies and 26 are missing,” he said. Jaime Neto, secretary of state for Nampula province, also said that the passengers were fleeing cholera, according to the BBC. Videos posted on social media X showed many bodies lying on a beach and some people carrying the bodies of children.

Persons: Lourenco Machado, INSTRASMAR, “, ”, Jaime Neto Organizations: Reuters, country’s Maritime Transport Institute, TVM, BBC Locations: Mozambique, country’s, Lunga, Nampula, Africa

☆ As the world ages, cancer cases are projected to rise, hitting some countries like ‘a tidal wave’
▼ + stars: | 2024-04-04 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +7 min

Now, a report from the American Cancer Society projects that by 2050, the number of people with cancer could rise 77%. Overall, the top 10 cancer types in both men and women accounted for more than 60% of newly diagnosed cancer cases and cancer deaths, according to the report. Lung cancer was also the leading cause of cancer deaths, followed by colorectal, liver, breast in women, stomach, pancreatic, esophagus, prostate, cervical and leukemia. “While we do see lung cancers that are not related to smoking, the number one cause of lung cancer is smoking. “Interestingly, pollution and other airborne environmental exposures probably increase the risk of lung cancer in many parts of the world.

Persons: ”, William Dahut, ” Dahut, “ We’re, Lung, Ahmedin Jemal, Dr, Bilal Siddiqui, there’s, Harold Burstein, ” Burstein, “, Sanjay Gupta, Burstein Organizations: CNN, American Cancer Society, Cancer, Global Cancer, Health, University of Texas, Anderson Cancer Center, Dana, Farber Cancer Institute, Harvard Medical School, CNN Health Locations: Saharan Africa, South America, Asia, China

☆ A group of cruise passengers stranded off the coast of Africa spent 6 days chasing the ship to get back on
▼ + stars: | 2024-04-03 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

Eight passengers chased their cruise ship around Africa for six days. They were stranded in São Tomé and Príncipe and missed a chance to re-embark in Gambia. AdvertisementA group of passengers left stranded on a small African island after missing a boarding deadline finally managed to rejoin their cruise ship on Tuesday after chasing it for almost a week. The couple had considered not rejoining the ship, believing that Norwegian Cruise Line had fallen short in a '"basic duty of care," Campbell told NBC News. But, six days after being left behind in São Tomé and Príncipe, the cruise line confirmed the eight passengers, including the Campbells, finally re-embarked in Senegal on Tuesday.

Persons: —, São, Jill Campbell, Campbell Organizations: Norwegian Cruise Line, Service, Business, Príncipe Coast Guard, ABC, NBC News, Cruise, NBC, Campbells Locations: Africa, Norwegian, Senegal, Gambia, West Africa, Banjul, São, Dakar

☆ I've visited Washington, DC, to see the famous cherry blossoms for years. Here are 6 secrets to skipping crowds and optimizing your trip.
▼ + stars: | 2024-04-01 | by ( Hayley Hutson | ) www.businessinsider.com time to read: +5 min

Read previewWashington, DC, is one of the best places in the US to see cherry blossoms in the spring. Every year, more than 1.5 million tourists travel to DC for the National Cherry Blossom Festival. And, although fun, popular free events like the Blossom Kite Festival and Petalpalooza tend to be swarming with crowds. Walk the Hains Point loop trail — or golf amongst the bloomsEscape the bustling crowds and immerse yourself in cherry-blossom bliss at Hains Point loop trail. AdvertisementWhile you're on Hains Point Island, check out East Potomac Golf Links.

Persons: —, I've, it's, Hayley Hutson, Willard Intercontinental, Yoshino Organizations: Service, National Cherry Blossom, Business, Dumbarton Oaks Gardens, National, Roman Catholic, City Cruises, Washington, East, Golf, Arts Locations: Washington, DC, Dumbarton, Stanton, North America's, Potomac, Anacostia

☆ Horizontal Falls: Why tourists are being banned from riding boats through this Australian natural wonder
▼ + stars: | 2024-03-29 | by ( Ronan O Connell | ) edition.cnn.com time to read: +7 min

For decades, tours have pierced these gaps on powerful boats, much to the dismay of the area’s Indigenous Traditional Owners, who say the site is sacred. Talbot Bay’s main boat tour operator, Horizontal Falls Seaplane Adventures, will cease traversing the falls in March 2028, with all other operators to stop by the end of 2026. Jeff Mauritzen/Design Pics Editorial/Getty ImagesThe Horizontal Falls ban aims to restore the sanctity of this site. In preparation for the Horizontal Falls ban, the Dambeemangaddee stated they have begun creating new videos and brochures that will explain their culture and spiritual connection to Talbot Bay. “By traversing the falls, visitors experience the awesome nature of this unique environment,” Hall said in a statement earlier this month.

Persons: It’s, Jeff Mauritzen, it’s, Talbot Bay’s, David Attenborough, ”, Reece Whitby, Evan Hall, ” Hall, “, Sally Shaw, ” Shaw Organizations: CNN, Owners, Western, WA Tourism Council, Traditional Owners, WA Government, Western Australian, WA, UNESCO, Tourism Council, National Parks, Kimberley Day Locations: Talbot, Western Australia, Talbot Bay, WA, Kimberley Region, Perth, British, Australia, Kimberley

☆ Human activities are changing Earth's spin so much that it might affect how we keep time
▼ + stars: | 2024-03-29 | by ( Ellyn Lapointe | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

Polar ice melt driven by climate change is affecting Earth's rotation, according to new research. A human-driven change in the Earth's rotation has never been seen before, and may affect computing. DrPixel/Getty ImagesDon't worry — this change in Earth's rotation won't be catastrophic. Denis Tangney Jr./Getty ImagesAs a result, scientists predict that we would need the first-ever negative leap second by 2026. iStock / Getty Images PlusThere are three main mechanisms that control the Earth's spin:One is tidal friction, or the interaction between moving ocean water and the ocean floor, which slows Earth's rotation.

Persons: Duncan Agnew, what's, Denis Tangney Jr, Felicitas Arias, Judah Levine, Agnew, Andres Forza, you've Organizations: Service, Scripps Institution of Oceanography, International Bureau, Time Department, National Institute of Standards, Technology, Washington Post, Northern, Reuters, CNN Locations: Wellesley , Massachusetts, Needham, Northern Canada, Scandinavia, Argentina

☆ This new photo of a supermassive black hole is unlike any before, showing powerful magnetic fields spiraling around it
▼ + stars: | 2024-03-27 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

Read previewThe supermassive black hole at the heart of our galaxy has a side you've never seen before. A new image reveals powerful magnetic fields swirling around our hometown black hole, which is called Sagittarius A* (pronounced "A-star"). EHT had previously imaged its first black hole, Messier 87, in polarized light as well, though it doesn't look quite as striking:The Messier 87 supermassive black hole imaged in polarized light. EHT CollaborationSince both black holes have similar structures of magnetic fields, despite their immense difference in size, the EHT scientists now suspect that all supermassive black holes might have magnetic structures like this. Bigger black hole breakthroughs may be in storeFurther imaging with new innovative techniques and technologies could reveal even more secrets of supermassive black holes, both big and small.

Persons: —, EHT, Sara Issaoun, Issaoun, We've, NASA's, Michael Johnson, Johnson, that's Organizations: Service, Business, Messier, Harvard, Smithsonian Center for Astrophysics, NASA's Goddard Space Flight, American Astronomical Society Locations: Greenland

But ship collision barriers are standard around the support piers of bridges over major waterways like the entrance to Baltimore’s harbor. The Verrazzano-Narrows Bridge in New York City, for example, has massive barriers of concrete and rocks around the bases of the piers that support it. It was not immediately clear how old the barriers are around the piers that supported the bridge in Baltimore. The bridge there was being fitted with devices designed to protect the piers in case of any ship crash. The bridge has massive barriers of concrete and rocks around the bases of the piers that support it and protect it from ship crashes.

Persons: Spencer Platt, Basil M, ”, “, Mr, Karatzas, Amy Chang Chien Organizations: Officials, China Central Television, Getty, Karatzas Marine Advisors Locations: Guangzhou, China, Baltimore, Baltimore’s, New York City, New York

☆ 'Act like you're dead': What Anthony Scaramucci tells clients nervous about bitcoin's big swings
▼ + stars: | 2024-03-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Bitcoin investors shouldn't sell amid high volatility, Anthony Scaramucci said. He said clients have been dismayed by the crypto's big price swings. He said at the Bitcoin Investor Day conference that his advice to clients is to "act like you're dead." "So act like you're dead with your bitcoin and don't sell your bitcoin. That occurrence, industry experts say, could create a supply shock and ultimately push the price of bitcoin higher.

Persons: Anthony Scaramucci, —, Anthony Pompliano, Scaramucci, Donald Trump, Charles Schwab, Bitcoin, Cathie Wood Organizations: Service, SkyBridge, Wall Street, White, Communications, Securities and Exchange, BlackRock, Fidelity, SEC

☆ Cherry blossoms in Washington, DC, have hit ‘peak bloom,’ park service announces
▼ + stars: | 2024-03-17 | by ( Aileen Graef | Elisa Raffa | ) edition.cnn.com time to read: +2 min

CNN —The cherry blossoms lining the National Mall in Washington, DC, have hit “peak bloom,” bursting open in an early spring display after a warm winter, the National Park Service announced Sunday. “PEAK BLOOM! PEAK BLOOM! PEAK BLOOM! It is the cherry trees’ second-earliest peak bloom on record and follows one of Washington’s warmest recorded winters.

Persons: Yoshino Cherry, Roberto Schmidt Organizations: CNN, National Park Service, NPS, AFP, Getty, Climate Central, Cherry Blossom, West Potomac Locations: Washington ,, Washington , DC, Potomac, West, West Potomac Park

☆ Bitcoin's halving is unlike others before it: A supply shock colliding with a demand tidal wave
▼ + stars: | 2024-03-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

A bitcoin halving — when the number of tokens rewarded to miners gets cut by 50% — happens reliably every four years. This time, however, supply will slow within months of an unprecedented demand shock, fueled by the approval of 11 spot bitcoin ETFs from asset management titans including BlackRock and Fidelity. AdvertisementAnd what's new this year is the wave of demand from bitcoin ETFs. Recent weeks have seen single-day inflows into spot bitcoin ETFs topping $1 billion, BitMex data shows. "We've never had both a supply shock and a demand shock at the same time."

Persons: —, Sandy Kaul, Franklin Templeton's, bitcoin, it's, Greg Magadini, Magadini, Kaul, We've, Samir Kerbage, doesn't, Kerbage, Brian Rudick, Rudick Organizations: Service, BlackRock, Fidelity, Business

☆ David Rosenberg, Jeremy Grantham, and 4 other market gurus just rang the alarm on a stock market bubble
▼ + stars: | 2024-03-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Here are six recent bubble warnings from experts this week:Advertisement1. "We are nonetheless in a market bubble." Paul Dietrich"The Stock Market Bubble Is About to Burst — Look Out!" AdvertisementGrantham also suggested the AI craze would end and bring the stock market down with it. Michael GayedGayed flagged the recent surge in gold, utility stocks, and long-term Treasury bonds as evidence of mounting market jitters in an InvestorPlace op-ed this week.

Persons: —, David Rosenberg, Merrill Lynch, Rosenberg, Paul Dietrich, Riley Wealth, Jeremy Grantham Stocks, Grantham, Michael Hartnett, Hartnett, Larry Summers, Summers, Michael Gayed Gayed Organizations: Service, Nvidia, Business, Rosenberg Research, North, Bloomberg, Bank of America, Tidal Locations: North American

☆ Here are 3 key things to know with one month until the tax deadline
▼ + stars: | 2024-03-15 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The federal tax deadline is officially one month away for most filers — and experts say there are some key things to know this season. As of March 1, the IRS received roughly 54 million individual returns, which is less than 40% of the 146 million expected this season, according to the agency. What investors need to knowApril 15 is the federal deadline to file and pay taxes owed for most filers. But parts of eight states affected by natural disasters have until June 17, according to IRS spokesperson Eric Smith. Here are three key things to know before the filing deadline:

Persons: —, Biden, Eric Smith Organizations: IRS, Finance, Trump

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