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☆ Wombat walker: Australia needs help looking after its cutest residents
▼ + stars: | 2024-06-22 | by ( Lilit Marcus | ) edition.cnn.com time to read: +5 min

East Coast Natureworld in Tasmania, Australia, is hiring a “wombat walker” who will help keep these fuzzy marsupials in peak physical condition. Tasmania is also looking for a volunteer paranormal investigator to spend a day (or night …) checking out a spooky abandoned asylum. Now, travelers are looking at Norway and Sweden in the summer while checking out flights for Greece in the cooler fall and spring. New Zealand Prime Minister Christopher Luxon alights from a Royal New Zealand Air Force aircraft. But New Zealand Prime Minister Christopher Luxon isn’t just any ordinary traveler.

Persons: ”, Petros Giannakouris, Sarah Hamouda, Christopher Luxon alights, Andrew Kutan, grumbling, Christopher Luxon isn’t, Luxon, Michelle Wibowo, Simon Jacobs, Edamame Sheeran, Benedict Cucumberbatch, it’s Organizations: CNN, Zealand, Royal New Zealand Air Force, Getty, Air New Zealand –, Qatar Airways, Virgin Australia Locations: Dubai, East Coast, Tasmania, Australia, Athens, Greece, Italy, Hong Kong, Norway, Sweden, AFP, Japan, Air, Doha, South Korea, Matera

☆ Heat-Related Illnesses Spiked in Some Regions This Week, C.D.C. Data Shows
▼ + stars: | 2024-06-22 | by ( Kate Selig | ) www.nytimes.com time to read: +1 min

Heat-related emergency room visits spiked this week in regions of the United States that had been hit the hardest by the heat wave, according to data from the Centers for Disease Control and Prevention. Across swaths of New England, the Midwest and the Mid-Atlantic states, there were “extremely high” rates of heat-related illnesses this week, the C.D.C.’s heat and health tracker showed. The data used emergency room visits associated with the heat to determine the rise in heat-related illnesses, showing which areas had visits that exceeded the 95th percentile of what is typical there. In New England, the number of visits climbed from 57 per 100,000 on Monday, the first day of the heat wave, to 833 on Thursday — the highest rate in the country all week. Caribou, Maine, reached 96 degrees this week, tying the highest temperature ever recorded there.

Organizations: Centers for Disease Control Locations: United States, New England, Midwest, In New England, Boston, Hartford, Conn, Caribou , Maine

☆ A heat wave is bringing searing temperatures to New York and the I-95 corridor – and Washington DC could hit 100 degrees
▼ + stars: | 2024-06-22 | by ( Dalia Faheid | Samantha Beech | ) edition.cnn.com time to read: +6 min

Here’s the latest:• Millions of Americans under heat alerts: More than 100 million Americans, including those in the highly populated I-95 corridor, are under heat alerts through the weekend. A heat emergency is in effect for Washington, DC, where upper 90s and even triple-digit temperatures for the first time since 2016 will be possible. Washington, DC, Mayor Muriel Bowser said an extended heat emergency will remain activated throughout the weekend and into next week. Philadelphia has heat alerts in place through the weekend, with temperatures expected to feel close to 99 degrees. New Jersey’s heat alerts are in effect until 8 p.m. Sunday, according to the National Weather Service.

Persons: Alberto, •, ”, –, Muriel Bowser, Wes Moore, Kathy Hochul, Eric Adams Organizations: CNN, National Hurricane Center, California Department of Forestry, South, FBI, National Weather Service, ., . Maryland Gov, New, Gov, Tuesday, New York City, state’s Department of Public Health Locations: Ohio, Mexico, Washington, DC, Gulf, South Texas, California, Colusa County, New Mexico, Ruidoso, Ruidoso Downs, Washington , DC, . Maryland, New York City, New York, Philadelphia, California , Arizona, Utah, Salt Lake City, Las Vegas , Sacramento, Bakersfield , California

☆ Two Teenagers Missing in Waters Off Beach in Queens in Suspected Drowning
▼ + stars: | 2024-06-22 | by ( Victoria Kim | More About Victoria Kim | ) www.nytimes.com time to read: +1 min

Two teenagers were reported missing in the waters off Jacob Riis Park in Queens on Friday evening, setting off an hourslong search into the night along a shoreline notorious for rip currents that prove deadly year after year. The authorities received reports of a possible drowning around 6:30 p.m. The officers responding to the scene were told that two teenage boys, ages 16 and 17, had been seen struggling in the water before they disappeared from view, according to the New York Police Department. Emergency responders with the police, New York City Fire Department and the U.S. Coast Guard, including rescue swimmers and divers, searched the churning waters, but as of about 11 p.m. Friday no one had been found, according to the police. Kaz Daughtry, the Police Department’s deputy commissioner of operations, told news crews at the beach that witnesses said the teenagers had been overtaken by a large wave that they tried to avoid by jumping, but it appeared to suck them under.

Persons: Jacob Riis, Kaz Daughtry Organizations: New York Police Department, New York City Fire Department, U.S . Coast Guard, Police Locations: Queens, New York City

☆ Fundstrat's Tom Lee keeps making bold stock calls — and nailing them
▼ + stars: | 2024-06-22 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

For example, a call that the S & P 500 would rise 100 points on a positive consumer price index print came true last year. That's true so far, with the S & P 500 jumping 4.8% in May after finishing April down 4.2%. As equities struggled, (the S & P 500 fell almost 20% in 2022), Lee felt like the risk of inflation was being mispriced. Because of that, he foresaw a rebound in 2023, a year that sent the S & P 500 more than 24% higher. "There was a pretty widely-held view that the Fed had to crash the economy in order to contain inflation," Lee said.

Persons: Fundstrat's Tom Lee, Lee, it's, that's, Lee doesn't, Russell, hiccups, Salomon Smith Barney Organizations: Fundstrat, CNBC Pro, Wharton School, selloff, Apple, Netflix, Nasdaq, JPMorgan

☆ Heat Wave Updates: News and Forecast as Scorching Temperatures Continue
▼ + stars: | 2024-06-22 | by ( Kate Selig | Judson Jones | ) www.nytimes.com time to read: +3 min

The city could see temperatures in the high 90s or above on Saturday. Credit... Hannah Beier for The New York TimesOn the first weekend of summer, a brutal heat wave now entering its sixth day will scorch large swaths of the country. The heat index in New York City is forecast to reach 96 degrees on Saturday and then 99 degrees on Sunday. Already, the city has recorded temperatures it hasn’t seen in almost two years, with Central Park hitting 94 degrees on Friday. Though the heat wave will not fade over the weekend, conditions are expected to cool slightly on Monday.

Persons: Hannah Beier, Graham Dickie Organizations: Philadelphia Zoo, ., The New York Times, Washington , D.C, New York Times, Central Park, National Weather Service, Centers for Disease Control Locations: Midwest, Ohio Valley, Southern Plains, Utah , Nevada, California, Ohio, Pennsylvania, Maryland, Washington ,, Fort Greene Park, Brooklyn, New York City, New York, Manhattan, Indianapolis, Cincinnati, Pittsburgh, Fresno, Calif, Wichita, Kan, Tampa, Fla

☆ Russia’s shifting tactics put unprecedented pressure on Ukraine’s already hobbled power system
▼ + stars: | 2024-06-22 | by ( Clare Sebastian | Olga Voitovych | ) edition.cnn.com time to read: +10 min

“We are doing our best,” Deputy Energy Minister Svitlana Grynchuk told CNN. “I installed them so that my family would not feel uncomfortable when there is no electricity,” he told CNN. The company told CNN it’s also halted the use of air conditioning in administrative buildings, and turned off outdoor lighting. The G7, having already spent $3bn to date to support Ukraine’s energy sector, just announced another $1bn in funding in early June. Ukraine’s energy ministry says it has been building concrete shelters to protect some energy equipment from attacks.

Persons: CNN — Kateryna Serzhan, “, Keen, Ukrenergo, Volodymyr Zelensky, ”, …, Dmytro Sakharuk, DTEK, Thomas Peter, Yan Dobronosov, Svitlana Grynchuk, Denis Shmyhal, Serzhan, CNN it’s, Stepanov, Valentyn Ogirenko, Marta Trush, Igor Piddubnyi, Piddubnyi, ” CNN’s Clare Sebastian, Olga Voitovych, Svitlana Vlasova, Daria Tarasova, Markina Organizations: CNN, Reuters, Getty, Energy, Kyiv region’s, Ukraine’s, Companies, Railways, Kyiv School of Economics, “, National Bank of, Patriot, White House Locations: Kyiv, Ukraine, –, Moscow, Russia, Berlin, Russian, Europe, AFP, National Bank of Ukraine, “ Ukraine, Romania, London

☆ Insider Today: Making junk food healthier
▼ + stars: | 2024-06-22 | by ( Joi-Marie Mckenzie | ) 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. Kylie Kelce and her husband, y'know, the former Philadelphia Eagles power player Jason Kelce, are outnumbered at home. Now, he's on a mission to develop new recipes for ultra-processed meals in the hopes they'll be healthier. Combine two steps with these 10 face moisturizers with SPF — and skip burned lips with a good SPF lip balm. More of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor in chief of life, in New York.

Persons: —, Kylie Kelce, y'know, Jason Kelce, Ronnie Chua, Skip, Noah K, Murray, Michael Conroy, Jose A, Bacete, Tyler Le, Caitlin Clark, Clark, she's, Eminem, Darren Robb, Jenny Chang, Rodriguez, Chelsea Jia Feng, Kevin Hall, Hall wasn't, they're, Abanti Chowdhury, Taylor Swift, Scooter Braun, Max docuseries, Swift, Braun, Rebecca Zisser, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan, Grace Lett, Amanda Yen Organizations: Service, Philadelphia Eagles, Business, Mount, Getty, BBC Locations: Old Montreal, Quebec, Canada, Venice, Mount Fuji, Halkidiki, Thessaloniki, Paris, Montreal, Idaho, Maryland, Iowa, BBC America, New York, New York City, Chicago

☆ This pipeline stock could surge 17% on rising natural gas prices and coal phaseout, Argus says
▼ + stars: | 2024-06-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Pipeline operator Williams Companies offers a way for investors to play rising natural gas prices as demand grows due to the transition away from coal, according to the research firm Argus. "Our upgrade largely reflects our more bullish stance on natural gas prices," analyst Bill Selesky told clients in a research note Thursday. Demand for natural gas should rise due to hot weather conditions and the transition from coal to gas, while supply is constrained and inventories are low, the analyst said. The pipeline operator has rallied as natural gas prices have bounced back 70% over the past two months. "The power-hungry world we live in is rapidly turning to natural gas to generate this power," Armstrong said.

Persons: Williams, Bill Selesky, Selesky, Jenny Harrington, CNBC's, Harrington, Wells, Alan Armstrong, Armstrong Organizations: Williams Companies, Argus, U.S, Energy Information Administration, Williams, Asset Management, Street Locations: U.S, midstream, Tuesday's, Wells

☆ ‘It’s frightening:’ How social media distorts the truth about sun exposure
▼ + stars: | 2024-06-21 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

“Stop wearing sunscreen,” says a TikTok influencer with 1.6 million followers and 36 million likes. “The sun does not cause skin cancer,” insists a TikTok pundit with 76,000 followers in a post that has been bookmarked nearly 4,000 times. “Vitamin D can still be generated when you’re wearing sunscreen,” Andrews said. “Since sunscreen came out, the rise of skin cancer has only gone up and up,” says one TikTok influencer. So the driving force is exposure years and years ago, not the increased use of sunscreen today.”Many social media posters use a nugget of truth and then twist it, experts say.

Persons: ”, I’ll, It’s, Kathleen Suozzi, “ It’s, ” Suozzi, “ You’ll, you’ll, Gen, David Andrews, ” Andrews, today’s, Kelly Olino, we’d, ’, Connie Chen, CNN That’s, ” Olino, “, Suozzi, Andrews, overexposure, it’s, dermatologists, That’s, influencer, you’d, ” EWG’s Andrews Organizations: CNN, Skin Cancer Foundation, Yale School of Medicine, US Centers for Disease Control, Environmental, Yale Cancer Center, Social Locations: New Haven , Connecticut, melanomas

☆ India heatwave: Brutal nighttime temperatures give Delhi residents little respite
▼ + stars: | 2024-06-21 | by ( Esha Mitra | Kathleen Magramo | ) edition.cnn.com time to read: +6 min

New Delhi CNN —Nights are getting uncomfortably and dangerously hotter in India’s capital as people in the world’s most populous nation feel little respite from unrelenting temperatures. Northern India has endured a scorching summer — with one part of the capital of Delhi recording the country’s highest-ever temperature 49.9 degrees Celsius (121.8 degrees Fahrenheit) earlier this month. Bicycle rickshaw driver Sagar Mandal told CNN that he’s been getting fewer passengers because people opt for air-conditioned taxis over open-air transport. Outdoor workers like Nikhil Kumar find no respite as the heat lingers on even at night. Residents fill their containers with water supplied by a municipal tanker in New Delhi on 19 June, 2024.

Persons: Sagar, he’s, “, ”, Nikhil Kumar, Esha Mitra, “ We’ve, Kalyani Saha, hasn’t, ” Saha, Saha, Money Sharma, Ajay Chauhan, Ram Manohar Lohiya, ” Chauhan, Chauhan, “ that’s, Sarita Kumari, ” Kumari Organizations: New, New Delhi CNN, Centre for Science, Environment, Sagar Mandal, CNN, Getty, Ministry of Health, NGO Centre, Health Development India Locations: New Delhi, Northern India, Delhi, United States, Mandal, Australian, Lajpat Nagar, India

☆ How to stay active during increasingly common summer heat waves.
▼ + stars: | 2024-06-21 | by ( Katia Hetter | ) edition.cnn.com time to read: +3 min

CNN —For people in the Northern Hemisphere, it’s summer and you might be inspired to get outdoors to move more. Tatiana Maksimova/Moment RF/Getty ImagesHow hot is too hot for exercising outdoors? To help us stay fit and safe in the summer heat, I spoke with CNN wellness analyst Dr. Leana Wen. Wen: Someone working or exercising outside for prolonged periods of time may experience symptoms of heat exhaustion, including headache, weakness, dizziness and nausea. Diphenhydramine, for instance, and doxylamine are common antihistamines that can make people sweat less and affect temperature regulation.

Persons: Tatiana Maksimova, Leana Wen, Wen Organizations: CNN’s, CNN, Northern, Getty, George Washington University

Trump’s campaign insists the former president is his own best adviser and he alone will make the call. Vance,” Trump Jr. told Newsmax in January. That’s a key concern of Trump’s top advisers who have otherwise let the former president dictate the process. “President Trump should not be made to explain other people’s scandals or statements.”Burgum’s wealth may have worked in his favor for a time when Trump trailed President Joe Biden in the money wars. But the recent influx of cash into the campaign following Trump’s fundraising blitz and criminal convictions has blunted that advantage.

Persons: Donald Trump, Donald Trump Jr, Sen, J.D, Vance, Rupert Murdoch, Trumpworld, Doug Burgum, Sean Hannity, Florida Sen, Marco Rubio, Trump, —, Burgum, Rubio, South Carolina Sen, Tim Scott, Elise Stefanik, Byron Donalds, Ben Carson, “, Susie Wiles, Chris LaCivita, Wiles, “ Susie, Nikki Haley, Scott, In Rubio, Hannity, Kellyanne Conway, Trump’s, Mike Pence, Conway, ” Conway, namechecked Donalds, Marc Andreessen, Brian Hook, Bill Ackman —, Ken Griffin, Griffin, Haley, Steve Bannon, Bannon, Paul, Trump’s Jesus, Jesus, ” Bannon, ” Trump, Newsmax, ” Tucker Carlson, Carlson, Vance “, I’ve, Pence, ”, bankroll, Marco Rubio’s, Joe Biden Organizations: CNN, Ohio Republican, North Dakota Gov, Fox News, Florida, Trump, Republican National Convention, House GOP, Florida Rep, Urban, Street, South Carolina Gov, Indiana Gov, Washington Post, Democratic Party, The New York Times, Wednesday, White, Politico, Trump Jr, GOP, Fox, North, Republican, New, ”, Wall Street, Murdoch’s, Corp, “ Locations: Milwaukee, South Carolina, Florida, New York City, Nevada, Conway, Mar, Washington, South Florida, Miami, Vance’s, North Dakota, White

☆ Death toll among pilgrims soars amid heat wave in Saudi Arabia
▼ + stars: | 2024-06-21 | by ( Steve Tuemmler | ) edition.cnn.com time to read: 1 min

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☆ Extreme heat takes toll on outdoor workers
▼ + stars: | 2024-06-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

There’s little to no escape from sweltering temperatures for construction workers like Eva Marroquin, who cleans work sites in Austin, Texas, and has worked in the industry for 17 years. Since 2010, she’s worked closely with the Workers Defense Project, an organization that advocates for protections for low-wage, immigrant workers in the Texas construction industry. Slowing down small businessesIt’s barely just now summer, and heatwaves are already slowing down small businesses, according to Homebase, which provides payroll software to more than 100,000 small businesses, covering 2 million hourly workers. “I think anything that impacts small businesses is affecting the economy as a whole,” he said, noting how small businesses account for half the jobs in the country. For herself, the high heat is more of an inconvenience; the car’s hotter and she just needs to pack some extra water.

Persons: Eva Marroquin, ” Marroquin, Christine Bolaños, she’s, Chris Lafakis, ”, Joshua, Gina Ferazzi, Gregory P, Casey, Jenny Schuetz, Brian Snyder, aren’t, “, John Waldmann, They’re, Katie Parent, Joseph Prezioso, Greer, Denise Greer Jamerson, Norman, Greer Jamerson, you’ve, ‘, “ It’s, it’s, Tamara Lovewell, café, panini, Tamara Lovewell “, Lovewell Organizations: CNN, Capitol, Workers Defense Project, Moody’s, Federal Reserve Bank of San, Williams College, Triple, Los Angeles Times, Environmental Protection Agency, Brookings Metro, Reuters, University of California, Stanford University, Getty, National Weather Service, Ruska Coffee Company Locations: Austin , Texas, Washington ,, Texas, Federal Reserve Bank of San Francisco, Massachusetts, Joshua Tree , California, Boston, Greater Boston, AFP, Princeton , Indiana, , Maine, United States, Caribou .

☆ China spends at least $230 billion trying to win the EV race, study finds
▼ + stars: | 2024-06-21 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewChina has spent at least $230 billion on government support to electric vehicle makers such as BYD since 2009, according to a new study from the Centre for Strategic & International Studies think tank. Government subsidies have been a central pillar of China's quest to become an EV powerhouse over the past decade. AdvertisementChina is now the world's largest electric vehicle market, accounting for 60% of global EV sales in 2023, per the IEA — well above rivals like the US and Japan. EV makers in China can get government support through several routes, including infrastructure subsidies, tax exemptions, and buyer rebates. Massive government support has cultivated intense competition among China's legion of EV companies, which in turn has led to low prices.

Persons: —, BYD, Tesla Organizations: Service, Centre, Strategic & International Studies, Business, European Union, EV, CSIS, Battery, Penn Wharton University Locations: China, Europe, Japan, America

☆ 2024 has become the year of gambling scandals in the sports world. That could be a good thing.
▼ + stars: | 2024-06-21 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +10 min

While the expansion of legal sports betting has made gambling more accessible, it's also helped spot infractions like these. The MLB also said it was tipped off about Marcano's betting activity by a legal sports-betting operator, ESPN reported. There's little data available to show whether gambling violations like these occur more or less often in the age of legal gambling, in part because they weren't easily tracked before 2018. They could be college football players betting on the NFL, or NFL players betting on games their teams weren't playing in. As sports-betting continues to expand in more states and the industry evolves, there may be more gambling scandals to come.

Persons: —, Jontay Porter, Tucupita Marcano, Lucas Paqueta, he's, It's, Shohei Ohtani, it's, Sara Slane, Pete Rose, sportsbooks, Matt Holt, Porter, Holt, that's, Slane, They're, Jim Brown, bettors, Brown, Sportradar, they're, IC360 Organizations: Service, NBA, Toronto Raptors, Raptors, San Diego Padres, Premier League, Football Association, Business, University of Alabama, Dodgers, Sports, Major League Baseball, MLB, ESPN, IC360, Alabama baseball, Iowa State University, Leagues, North America, NFL Locations: Slane, Ohio, sportsbooks, North, Sportradar, Colorado

☆ 'The Acolyte' lead Amandla Stenberg released a song criticizing racist 'Star Wars' fans
▼ + stars: | 2024-06-21 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

"The Acolyte" lead Amandla Stenberg released a song that criticized racist "Star Wars" fans. In the song, Stenberg says "keep an eye out for you silly racists." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmandla Stenberg has released a song criticizing racist "Star Wars" fans after a torrent of abuse over "The Acolyte." Stenberg plays a pair of Force-sensitive twins, Osha and Mae, in the Disney+ show, which is set around 100 years before the "Star Wars" prequel movies.

Persons: Stenberg, — Organizations: Service, Osha, Disney, Business Locations: Mae

☆ Betting scandals have rocked sports this year. Here's why that could be a good thing.
▼ + stars: | 2024-06-21 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +10 min

While the expansion of legal sports betting has made gambling more accessible, it's also helped spot infractions like these. The MLB also said it was tipped off about Marcano's betting activity by a legal sports-betting operator, ESPN reported. "When you are operating in the dark, you have no idea what is actually happening — if refs are partaking in illegal betting or players are partaking in betting," Slane said. Many US states where sports betting is legal require gambling companies to work with a licensed independent integrity-monitoring service, like IC360 or Sportradar, to identify suspicious betting activity. They could be college football players betting on the NFL, or NFL players betting on games their teams weren't playing in.

☆ Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans
▼ + stars: | 2024-06-21 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of four of the eight largest American lenders. The Federal Reserve and the Federal Deposit Insurance Corporation said that the so-called living wills — plans for unwinding huge institutions in the event of distress or failure — of Citigroup , JPMorgan Chase , Goldman Sachs and Bank of America filed in 2023 were inadequate. Regulators found fault with the way each of the banks planned to unwind their massive derivatives portfolios. The living wills are a key regulatory exercise mandated in the aftermath of the 2008 global financial crisis. "We are fully committed to addressing the issues identified by our regulators," New York-based Citigroup said in a statement.

Persons: Jane Fraser, JPMorgan Chase, Goldman Sachs, credibly, we've Organizations: Citigroup, Banking, Housing, Urban Affairs Committee, Nations Largest Banks, Federal Reserve, Federal Deposit Insurance Corporation, JPMorgan, Bank of America, Regulators, Wall, Goldman, Bank of, FDIC, Citi Locations: New York

☆ Well Beyond the U.S., Heat and Climate Extremes Are Hitting Billions
▼ + stars: | 2024-06-21 | by ( Somini Sengupta | ) www.nytimes.com time to read: +1 min

All have died in blistering heat in recent weeks around the world, a harrowing reminder of the global dangers of extreme weather as a severe heat wave bears down on more than 70 million Americans this week. Dozens of cities in Mexico broke heat records in May and June, killing more than 100 people. Greece is bracing for wildfires this week, right after back-to-back heat waves killed several tourists. Extreme heat killed an estimated 489,000 people annually between 2000 and 2019, according to the World Meteorological Organization, making heat the deadliest of all extreme weather events. “Climate change may also drive food and water shortages and in turn civil unrest, and mass migration,” the report said.

Organizations: Pilgrims, Associated Press, Climate Central, World Meteorological Organization Locations: Mexico, India, Delhi, Greece, Bamako, Mali

☆ How to keep participating in a stock's rally if you're getting concerned about valuation
▼ + stars: | 2024-06-20 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

ARM Holdings (ARM) offers several technologies instrumental in AI applications, notably its advanced processor designs and intellectual property. Operationally ARM Holdings is very well positioned. In this case, ARM Holdings is currently valued at about $174 billion, more than 56 times trailing 12 months revenues, and recent price action in particular looks extended. This would provide about $27 worth of upside from here, while providing $40 worth of downside insurance in the event that ARM Holdings pulls back. For example the $140/$175/$200 call spread risk reversal here incurs the risk of owning the stock at $140/share.

Persons: isn't Organizations: ARM Holdings, ARM

☆ How the historic heat wave impacts the utilities and energy sectors
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the historic heat wave impacts the utilities and energy sectorsAnthony Crowdell, Senior Analyst at Mizuho Americas, discusses the impact of the historic heat wave in the U.S. on energy and utilitity stocks.

Persons: Anthony Crowdell Organizations: Mizuho Americas Locations: U.S

☆ Instagram and TikTok are chasing after 'close friends' as the social web goes private
▼ + stars: | 2024-06-20 | by ( Sydney Bradley | Dan Whateley | ) www.businessinsider.com time to read: +4 min

Read previewThere's a new app that promises to connect you with your closest friends — only this time, it's coming from TikTok. The app, dubbed Whee, pitches itself as a platform to "keep you connected with your close friends through life's spontaneous moments." Whee's arrival on the charts — it's 27th among social-networking apps in Apple's App Store, outranking Skype and Signal — comes as Instagram is also leaning into features for close friends. After spending years leaning into influencer content, to the chagrin of some users, the big social platforms are betting big on close friends. But as the platforms prioritized creator-made content, like on Instagram reels, everyday users' content seemed to take a back seat.

Persons: —, Snapchat, They're, Mervana Parekh, Nathan Sharp, influencers, Adam Mosseri, YouTubers Colin, Samir, Mosseri Organizations: Service, Android Police, Business, Skype, Acrew, Retro Locations: TikTok

☆ Live Updates: Heat Wave Pummels Eastern U.S. for 4th Day
▼ + stars: | 2024-06-20 | by ( Andy Newman | Robert Chiarito | ) www.nytimes.com time to read: +5 min

Prolonged exposure to or physical exertion in excessive heat can cause heatstroke, according to the Mayo Clinic. Starting Tuesday, cooling centers — indoor, air-conditioned spaces for public use — will be open during the day in New York. At night, because heat can disrupt sleep, 60 to 67 degrees is recommended by the Cleveland Clinic. A technician will typically check for and diagnose issues with the system, clean it and change out the filter. New York Times Cooking has a list of “No-Cook Recipes for a Heat Wave” so you can prep a meal without turning on your stove top.

Persons: you’re, Patrick Junker, Wirecutter, Steer Organizations: Chicago, Mayo Clinic, Cleveland Clinic, American Kennel Club, The New York Times, York Times Locations: New York, Dallas, New York City, Ronda Kaysen

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