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☆ This ultrarunner was diagnosed with cancer 2 years ago, but didn't let it stop him. This summer, he'll run over 100 miles through Death Valley.
▼ + stars: | 2024-06-27 | by ( Ellyn Lapointe | Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Now that his cancer is in remission, his next adventure is to run about 111 miles through Death Valley, California, to celebrate. When he finished treatment in 2023, he decided to make the 111-mile trip through Death Valley, "as a treat to myself," he said. The hottest time of year in Death Valley (shown here) is the same time Zahab plans to run through it. Jesse DelgrosseThat's because Death Valley was experiencing hotter-than-usual temperatures that year. This summer's Death Valley run will be the next in a long series of ultramarathons and expeditions for Zahab.

Persons: —, Ray Zahab, Matt Damon, Zahab, Tucker Prescott, it's, shakiness, chemo, didn't, Jon Golden, he's, Jesse Delgrosse That's, I've, Stefano Gregoretti Organizations: Service, Business, Zahab Locations: Canadian, Death, Death Valley , California, chemo, South America

☆ These bond funds offering yields upward of 5% could take off as Fed policy becomes uncertain
▼ + stars: | 2024-05-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

That shakiness around when the cuts are coming, as well as the expectation that rates could remain higher for longer creates an opportunity for active managers. Rick Rieder, BlackRock's global chief investment officer of fixed income, told CNBC in a phone interview. Indeed, core bond funds were among the winners in the 2008 crisis. For starters, they should think about the role they want a given bond fund to play within their portfolio: Is it to offset equity risk or to boost returns? "You're not investing in bond funds to shoot the lights out and build your wealth pile," said Morningstar's Jacobson.

Persons: Rick Rieder, Rieder, Eric Jacobson, Morningstar, John Croke ,, Morningstar's Jacobson, Jaime Quinones, they're, Quinones Organizations: Federal Reserve, Barclays, Bank of America, Citigroup, CNBC, Bloomberg, SEC, Morningstar, Vanguard, Stockade Wealth Management, Mutual Locations: Marlboro , N.J

☆ I thought pre-workout was the perfect hack for lifting heavier. Then I became sleep-deprived and dependent on it.
▼ + stars: | 2024-04-26 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

But I soon felt dependent, and I struggled to fall asleep after taking pre-workout. Around then, I noticed my workout friends talking about pre-workout supplements. After taking pre-workout in the early evening, I would stay awake until 1am or later. AdvertisementAccording to both my instructor and my colleague's reporting, taking pre-workout every time you exercise can get you in the habit of not listening to your body. I know I wouldn't have hit my deadlift goal without taking pre-workout (although, even with it, my performance was impacted).

Persons: —, I'd, Rachel Hosie Organizations: Service

☆ Teamsters union endorses activist Ancora in Norfolk Southern proxy fight
▼ + stars: | 2024-04-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Activist Ancora on Thursday won the support of the BMWED Teamsters in the investor's efforts to oust Norfolk Southern CEO Alan Shaw and a majority of the railroad's 13-person board. The labor group said it would back the activist's seven director nominees over Norfolk Southern management, a significant endorsement in an industry unusually dependent on union support. The support from the BMWED Teamsters, whose members build and maintain the track infrastructure that keeps Norfolk Southern trains moving, amounts to a sharp rebuke of Shaw and Norfolk Southern's board. Norfolk Southern and Ancora have been locked in a proxy contest for several months. Neuberger Berman, for example, is backing the activist and said that Norfolk Southern had a history of poor governance and that a boardroom change was needed.

Persons: Ancora, Alan Shaw, Shaw, Tony Cardwell, Cardwell, Jim Barber, Jamie Boychuk, Boychuk, Barber, It's, John Orr, Glass Lewis, Neuberger Berman Organizations: Thursday, Teamsters, Norfolk Southern, Norfolk, BMWED Teamsters, Labor, American Federation of Labor, Industrial Organizations, CSX, Ancora Locations: Norfolk Southern, Norfolk, U.S, East Palestine , Ohio, Washington

☆ Opinion | Our Inability to Predict Inflation Is an Embarrassment to Economics
▼ + stars: | 2024-04-12 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

We were surprised when inflation rose. We were surprised when inflation fell. And we were surprised again when inflation stopped falling. The shakiness of our understanding is no small problem because inflation matters, a lot. Aside from those practical considerations: If we don’t understand inflation, then we also don’t truly understand anything else about the business cycle (if there even is one), because growth and inflation are intertwined.

Persons: —, Biden Organizations: Federal

☆ 3 top personal trainers explain why they stopped taking pre-workout supplements that boost energy
▼ + stars: | 2024-04-11 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +4 min

More and more people are turning to pre-workout supplements (generally known as "pre-workout") to push past those feelings. The size of the global pre-workout supplements market is expected to grow from $3.15 billion in 2021 to $26.8 billion by 2030, according to market research company Skyquest. Pre-workout supplements contain caffeinePre-workout commonly comes in the form of powders that are dissolved in water, as well as pills and liquids. Caffeine content varies from pre-workout to pre-workout, but an average serving might contain 300 milligrams of caffeine, while a cappuccino might contain around 66 milligrams. "I wouldn't take super high caffeine pre-workout supplements," he said.

Persons: —, Luke Worthington, Hayley Madigan, Cliff Wilson, Worthington, Wilson, Madigan Organizations: Service, Business Locations: London, Chicago

☆ Stocks hate this one weird trick from the calendar
▼ + stars: | 2024-02-29 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

New York CNN —Leap Day might seem like fun and games — until you consider Wall Street. To account for that gap, Julius Caesar in 45 BC decreed that an extra day be added every four years, leading to the Julian calendar. Pope Gregory XIII in 1582 AD created the Gregorian calendar, coined the term “leap year” and established February 29 as the official leap day. He adds that a leap day can also help marginally raise corporate earnings, since companies get an extra day in a fiscal quarter to operate. History shows that stocks tend to perform worse when an additional day is added to the calendar.

Persons: Julius Caesar, Pope Gregory XIII, Matt Weller, Weller, Dow, ”, “ Barbie ”, “ Oppenheimer, ’, Samantha Delouya, It’s, Read, Sam’s, Sam, Matt Egan, Banks Organizations: CNN Business, Bell, New York CNN, Dow Jones, Bulls, Research, AMC Entertainment, AMC, Treasury Department, CNN, Treasury Locations: New York, FOREX.com

☆ Theory About the Fed, Inflation, and Rates That May Wreck the Economy
▼ + stars: | 2024-01-11 | by ( Neil Dutta | ) www.businessinsider.com time to read: +11 min

After spending the past two years trying to get inflation under control by raising interest rates, the Fed is inching toward cutting rates soon. Setting interest rates should be about weighing costs and benefits for everyone, not engineering outcomes for a favored constituency. When people (usually those with a vested political interest) try to accuse the Fed of being biased, it erodes confidence. The real reason for the accusationsThe entire conspiracy theory about a political Fed is weak on its face and baseless on its merits. What makes anyone so sure they'll fare better in 2024 with the rate of inflation slowing, interest rates falling, and stocks rising?

Persons: there's, it's, Joe Biden's, Jerome Powell, Donald Trump, Biden, It's, Trump, Ro Khanna, Powell, Taylor, Bill Dudley, Dudley, Dudley's, Chris Waller Organizations: Federal Reserve, Fed, Democratic, Trump, Biden, New York Fed Locations: Canada, Australia, Japan

☆ What to pack to help you sleep on overnight trains, from someone who has spent 120 hours on them
▼ + stars: | 2023-11-27 | by ( Joey Hadden | ) www.businessinsider.com time to read: +3 min

I've spent 120 hours on six overnight train rides in the US and Europe. AdvertisementOver the last two years, I've spent 120 hours on six sleeper trains, from Amtrak rides along the East Coast to overnight trains in Europe. I didn't just pack any sleep mask; I packed my NodPod weighted sleep mask. AdvertisementThe author uses her NodPod sleep mask on an overnight train in Europe. Joey Hadden/Business InsiderThe NodPod paired with earplugs helped me get the best sleep I've ever had on an overnight train.

Persons: I've, —, Joey Hadden, earplugs Organizations: Service, Amtrak Locations: Europe, East, Italy, Austria

☆ Cramer: This market has put investors in a box. This is how we break out of it
▼ + stars: | 2023-10-29 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

How can you not keep the federal funds rate higher for longer when you get a U.S. GDP number that surpasses the real GDP of China. He sees the three Oreos taken out of the bag and the higher price nonetheless. The average person hurt by higher rates is collateral damage to the greater anti-inflation mission. All the market has to do is reach a price level that is too darned compelling. And who says we won't see higher rates until the horizon is at last upon us?

Persons: aren't, Estee Lauder, Jerome Powell, Powell, it's, He's, calvary, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: Treasury, Signature Bank, Silicon Valley Bank, First, Bank, Federal Reserve, Disney, Fed, Costco, Homes, Jim Cramer's Charitable, CNBC Locations: U.S, China, Russia, Saudi Arabia

☆ What China’s Economic Woes May Mean for the U.S.
▼ + stars: | 2023-08-26 | by ( Lydia Depillis | More About Lydia Depillis | ) www.nytimes.com time to read: +1 min

The news about China’s economy over the past few weeks has been daunting, to put it mildly. The country’s growth has fallen from its usual brisk 8 percent annual pace to more like 3 percent. And China’s citizens, frustrated by lengthy coronavirus lockdowns and losing confidence in the government, haven’t been able to consume their way out of the country’s pandemic-era malaise. If the world’s second-largest economy is stumbling so badly, what does that mean for the biggest? That could change, however, if China’s current shakiness deepens into a collapse that drags down an already slowing global economy.

Persons: haven’t, Wells Locations: United States, China, U.S

☆ Tech is the 'most crowded trade' as stock-market bearishness rises to the highest levels so far this year
▼ + stars: | 2023-05-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Investors are loading up on mega-cap tech stocks as they turn more bearish, according to Bank of America. The bank said tech is the "most crowded trade" followed by shorting banks and shorting the US dollar. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. According to Bank of America's global fund manager survey, tech stocks are the "most crowded trade" on Wall Street as bearishness towards the broader stock market hits its highest level so far this year. Mega-cap tech stocks have a war chest of cash and a wide moat around their businesses that in the past have enabled steady growth during periods of economic weakness.

☆ A UBS asset allocation chief told us what investors should own to profit from a market that's facing the triple threats of little upside, a recession, and a banking crisis
▼ + stars: | 2023-05-10 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

He told Insider what investors should buy today, and what they should buy if prices come down. Almost a year ago investors became convinced that, as the Federal Reserve began dramatically raising interest rates to contain inflation, a recession would swiftly follow. A year later, the recession still hasn't started — but there's still a great deal of confidence that one is coming any day now. Draho said that performance reflects the fact that investors think things are going to turn out fairly well. "You're going to get a better return from investment grade corporate bonds," with many high-quality bonds still yielding 5% or more.

☆ Wall Street Investors Recession Bet May Cause Bond, Stock Market Crash
▼ + stars: | 2023-04-27 | by ( Neil Dutta | ) www.businessinsider.com time to read: +10 min

And it's becoming increasingly clear that the bond market is reading the economic tea leaves all wrong. On the economic side, the bond market view would probably look something like the Fed's latest GDP projections. So if the bond market ends up being right about the economy, there would be a serious, ugly wake-up call for the stock market. I don't think the Wall Street aphorism about the bond market being "right" holds up this time. On the other hand, the bond market would take it squarely on the chin.

☆ Debt crisis is a scary white swan for US economy
▼ + stars: | 2023-04-25 | by ( Ben Winck | ) www.reuters.com time to read: +8 min

If Democrats and Republicans can’t agree to lift the government’s borrowing limit, the country could suffer an unprecedented and catastrophic default on its debt. The standoff over the debt ceiling is a white swan, or an entirely predictable, very frequent event that has the potential to be as catastrophic as its darker sibling. That is why, in all past scuffles over government borrowing, Congress ended up raising or suspending the debt ceiling. Uncertainty over the timing of the agreement led to the most volatile week for financial markets since the 2008 financial crisis. Failure to lift the debt ceiling soon can spark a vicious cycle of market anxiety, rising borrowing costs and bank stress.

☆ A top tip for central banks: talk less, smile more
▼ + stars: | 2023-04-11 | by ( Ben Winck | ) www.reuters.com time to read: +8 min

WASHINGTON, April 11 (Reuters Breakingviews) - Investors hang on central bankers’ every word, hoping to gain an edge for their next trade. But with consumer prices rising at the fastest pace in decades, central bankers can’t easily cut borrowing costs, either. Chatty central banks are a relatively new phenomenon. Investors are also more sensitive to central banks today than in years past. Still, being more careful about what’s said, and how it’s said, could help central banks better balance their priorities.

First Republic Bank was forced to seek a lifeline this week, receiving tens of billions of dollars from other banks. These are known as unrealized losses — they turn into real losses only if the banks have to sell the assets. +2 % 0 –4 First Republic Pacific Western Signature −8 Plotted quarterly ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 +2 % 0 –4 Silicon Valley Western Alliance Zions −8 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 +2 % 0 First Republic Pacific Western Signature –4 −8 Plotted quarterly ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 +2 % 0 Silicon Valley Western Alliance Zions –4 −8 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 +2 % 0 First Republic Pacific Western Signature –4 −8 Plotted quarterly ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 +2 % 0 Silicon Valley Western Alliance Zions –4 −8 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 Source: Federal Financial Institutions Examination Council Note: Includes both “held-to-maturity” and “available-for-sale” securities, meaning both long- and short-term investments. Banks’ cash and noncash assets Plotted quarterly $200 billion Pacific Western Signature 150 100 First Republic 50 0 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 $200 billion Western Alliance Zions 150 100 50 Silicon Valley 0 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 Banks’ cash and noncash assets $200 billion Pacific Western Signature 150 100 50 First Republic 0 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 $200 billion Western Alliance Zions 150 100 50 Silicon Valley 0 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 Source: Federal Financial Institutions Examination CouncilMidsize banks like SVB do not have the same regulatory oversight as the nation’s biggest banks, who, among other provisions, are subject to tougher requirements to have a certain amount of reserves in moments of crisis. Last weekend, the Fed announced a program that offers loans of up to one year to banks using the banks’ government bonds and certain other assets as collateral.

☆ Americans are wary of bailouts as banking concerns mount -Reuters/Ipsos
▼ + stars: | 2023-03-15 | by ( Jason Lange | ) www.reuters.com time to read: +3 min

Stock markets have swooned around the world since Silicon Valley Bank collapsed on Friday as worried customers pulled their deposits. In a 2012 Reuters/Ipsos poll, only 20% of Republicans and 53% of Democrats said they supported bailouts. About half of respondents to the Reuters/Ipsos poll said they had heard at least a fair amount about Silicon Valley Bank's implosion. The Reuters/Ipsos poll showed broad bipartisan support for Washington backing bank deposits. The Reuters/Ipsos poll, conducted online, surveyed 1,004 people nationwide and had a credibility interval of about 4 percentage points in either direction.

☆ Microsoft set to report earnings after market close
▼ + stars: | 2023-01-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella speaks at the company's Ignite Spotlight event in Seoul on Nov. 15, 2022. Microsoft will report fiscal second-quarter results after the close of regular trading on Tuesday. As of Monday's close, Microsoft shares were down 18% over the past year, slightly underperforming the Nasdaq. The growth engine of Microsoft's Intelligent Cloud unit is the Azure public cloud. Analysts polled by CNBC and FactSet are expecting revenue growth for the Azure and other cloud services category of close to 31%.

☆ The U.S. hit the debt ceiling — here's what that means for your money
▼ + stars: | 2023-01-21 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

The U.S. hit the debt ceiling on Thursday, which forced the Treasury Department to begin taking so-called "extraordinary measures" to continue paying the government's bills. Read on for the answers to the most relevant questions about the debt ceiling, and why, as a long-term investor, you shouldn't be paying too much attention to the headlines. Remind me — what's the debt ceiling again? Where does the debt ceiling stand now? Aside from stock market volatility, you'd see ramifications across the economy.

☆ World Bank: Global economy could see second recession of the decade
▼ + stars: | 2023-01-10 | by ( Julia Horowitz | ) edition.cnn.com time to read: +2 min

London CNN —The global economy is just one more knock away from a second recession in the same decade, something that hasn’t happened in more than 80 years. That’s the latest warning from the World Bank, which on Tuesday sharply lowered its forecast for global economic growth. “The crisis facing development is intensifying as the global growth outlook deteriorates,” World Bank President David Malpass said in a statement. As a result, “further negative shocks” — from higher inflation and even tighter monetary policy to an uptick in geopolitical tensions — could be enough to trigger recessionary conditions, according to the World Bank. The global economy shrank by 3.2% during the pandemic recession of 2020, before bouncing back strongly in 2021.

☆ 2 more alarms just went off, signaling a dire year ahead for crypto
▼ + stars: | 2023-01-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The ongoing weakness in crypto spread to Coinbase on Monday, which fell 13% as trading volumes remain light. Customers withdrew $8.1 billion in deposits in a run on the bank after the implosion of FTX rocked the crypto market. The shakiness of crypto confidence is impacting Coinbase as well, which fell on Thursday to levels just above its all-time low. The decline in Coinbase stock came after Cowen downgraded the company to "market perform" on concerns that retail trading volumes have not yet stabilized. That's a problem for Coinbase because retail trading makes up the bulk of its profits.

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