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☆ Mortgage demand drops as interest rates soar over 7%
▼ + stars: | 2024-04-24 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +1 min

Mortgage rates rose for the third straight week last week, hitting the highest level since November. As a result, mortgage application demand dropped 2.7% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. As home prices rise along with interest rates, potential buyers' purchasing power are suffering a double whammy. ARMs offer lower rates and can be fixed for up to 10 years, although they are considered riskier. Mortgage rates have eased very slightly so far this week, but there hasn't been much economic data to influence them.

Persons: Joel Kan, hasn't Organizations: Mortgage

☆ Fact check: Trump falsely claims police turned away ‘thousands’ from Manhattan courthouse and that supporters ‘can’t get near’
▼ + stars: | 2024-04-24 | by ( Daniel Dale | Kate Sullivan | ) edition.cnn.com time to read: +4 min

Washington CNN —Former President Donald Trump is a famed exaggerator of the size of his crowds. For years, he has lied about how many supporters attended his presidential inauguration and numerous campaign rallies. The police have not turned away “thousands of people” from the courthouse during his trial; only a handful of Trump supporters have shown up to demonstrate near the building. Trump may have been suggesting that thousands would have been present if not for repressive security measures. Trump supporters are free to walk into not only the protest zone but also the courthouse itself, though they, like everyone else, have to observe decorum rules if they go inside.

Persons: Donald Trump, –, Trump, denigrate, ” Trump, it’s, George Conway, “, ” CNN’s Kara Scannell, Lauren del Valle, Jeremy Herb, Nicki Brown, Sabrina Souza, Joel Williams Organizations: Washington CNN, New York Times, Trump, CNN, Security, Police Locations: Manhattan, Lower Manhattan

☆ Gen Xer Got $250K in Student Loans Forgiven After Decades of Payments
▼ + stars: | 2024-04-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Joel Lambdin finished graduate school in 1998 — but as a professional musician, he was hardly making enough money to pay off his student loans and his other bills. So Lambdin, now 49, said his only option to make ends meet was to put his student loans on forbearance — in which he was not making payments, but interest was still accumulating. But he grew to realize that the only way he could make a significant dent in his student loans was by switching careers. The Biden-Harris Administration has forgiven your federal student loan(s) listed below with Aidvantage in full." When it comes to student-loan forgiveness, some borrowers told BI that their servicer made a mistake with the forgiveness, reinstating their payments months later.

Persons: Joel Lambdin, Lambdin, Aidvantage, Harris, I've, servicers, he's Organizations: Service, Business, Public, BI, Harris Administration, Education Department, The Education Department Locations: forbearance, India

☆ Meet the diehard music fan who runs one of the world's busiest arenas
▼ + stars: | 2024-04-20 | by ( Chris Johnston | ) www.businessinsider.com time to read: +7 min

London's O2 Arena is one of the world's busiest and sold a record 2.5 million tickets last year. The venue is managed by Steve Sayer, a music fan who previously worked for Manchester City. The O2 Arena presents comedy, boxing, UFC, esports and even monster trucks as well as music. AdvertisementIt may not be the world's most famous, but London's O2 Arena is now one of the busiest. Elton John on his "Farewell Yellow Brick Road" Tour at the O2 Arena in April 2023.

Persons: Steve Sayer, —, Tom Jones, James Bond, Jason Derulo, Luke Dyson Sayer, Ateez, Olivia Rodrigo, Noah Kahan, Prince, Sayer, Elton John, Monty Python, Adele, Simone Joyner, they're, Philip Anschutz, Dua Lipa, Karwai Tang, Joseph Okpako, there'd, that's, Madonna, Kevin Mazur AEG, It's, Liam Gallagher, Girls, Billy Joel's Organizations: London's O2, Manchester City, O2 Arena, UFC, Service, O2, AEG, London, AEG Europe, Billboard, The O2, WWE, Gorillaz, National Health Service, Qatar Airways, Madison Locations: Manchester, Paris, Berlin, Hamburg, Dua, London, New, COVID

☆ US Grand Prix organizers promised a superstar performer. Now it’s offering to buy back tickets
▼ + stars: | 2024-04-20 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Similar to a music festival, the Grand Prix has artists perform before the race. Britney Spears, Bruno Mars and Billy Joel are just some of the stars who have performed at the Grand Prix in Austin. He suggested the limited number of general admission tickets that will be released after the announcement of the artist will still be priced below $400. The Grand Prix runs from October 18-20. General admission seating is among the most basic options for a race known for its glitz and glamour.

Persons: COTA, “ Taylor, Swift, ” COTA, Bobby Epstein, Britney Spears, Bruno Mars, Billy Joel, “, ” Epstein, Epstein, “ It’s, ” Organizations: New, New York CNN, Formula, United States, Prix, CNN Locations: New York, Austin , Texas, Austin

☆ LeBron James headlines Team USA’s 2024 Paris Olympics men’s basketball squad
▼ + stars: | 2024-04-17 | by ( Kevin Dotson | ) edition.cnn.com time to read: +2 min

CNN —USA Basketball unveiled the player roster Wednesday for the men’s team that will compete in the 2024 Paris Olympics. The team will be anchored by Los Angeles Lakers forward LeBron James, making his fourth appearance after skipping the past two Olympics. This will be the 36-year-old Curry’s first Olympic Games, making him the fifth player to represent the Warriors at an Olympics with Team USA. The US team will hold a training camp and exhibition games in Las Vegas in July, before traveling to Paris. The Opening Ceremony for the 2024 Paris Olympics will take place on July 26 with men’s basketball play beginning the following day.

Persons: ”, LeBron James, James, Anthony Davis, Stephen Curry, Kevin Durant, Devin Booker, Jayson Tatum, Anthony Edwards, Kawhi Leonard, Tyrese, Bam Adebayo, Joel Embiid, Paul Childs, Embiid, Steve Kerr, Gregg Popovich Organizations: CNN, USA, Tokyo Olympics, Los Angeles Lakers, Lakers, Golden State Warriors, Phoenix Suns, Boston Celtics, Minnesota Timberwolves, Los Angeles Clippers, Indiana Pacers, Miami, Olympic Games, Warriors, Team USA, Philadelphia 76ers, NBA, Tokyo Games, US Locations: Tyrese Haliburton, Cameroon, France, Las Vegas, Paris

☆ Opinion: What gun laws can’t stop
▼ + stars: | 2024-04-16 | by ( Opinion Latika Bourke | ) edition.cnn.com time to read: +8 min

“The videos (of the attack) speak for themselves don’t they?” Webb told the Australian Broadcasting Corporation (ABC). Steven Saphore/AAP/ReutersCauchi’s father Andrew Cauchi — who appeared devastated — believes his “monster” son may have deliberately set out to kill women, he told Australian media. He enacted strict gun control laws and initated a massive buyback scheme. “The evidence consistently shows that the underlying causes of violence directed toward women are rigid gender stereotypes, sexism and disrespect. Joel Cauchi had a fixation with blades and kept a collection of them, his father told the newspaper The Australian.

Persons: Latika Bourke, ”, Read, Latika Bourke Louis Douvis “, Julia Hartley, Brewer, Hartley, Karen Webb, Joel Cauchi, ” Webb, Webb, Steven Saphore, Reuters Cauchi’s, Andrew Cauchi —, —, John Howard, Australia’s, Julia Gillard, Bondi, Patty Kinnersly, Patty Kinnersly “, Bishop Mar Mari Emmanuel, Roman Quaedvlieg, “, X Quaedvlieg, they’d, Howard Organizations: Sydney Morning Herald, Love, CNN, New South Wales Police, Australian Broadcasting Corporation, ABC, Reuters, Port, Conservative, Global Institute, Women’s Leadership, Good Shepherd, Australian Jewish Association, X Locations: Australian, India, Sydney, British, Bondi’s, Westfield, Bondi, Port Arthur, London, Australia, United States

☆ 'Civil War' Director Alex Garland Says His Movie Is Political, Despite Criticism
▼ + stars: | 2024-04-16 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +13 min

But the writer-director's latest film, "Civil War," isn't about to spoon-feed its message to audiences, either. He wants "Civil War" to make the viewer think, question, and, most importantly, feel. There's been plenty of conversation around how to interpret the message of "Civil War," but you've also been a bit misinterpreted lately. For example, one of the journalists in "Civil War" says, "Oh no, it's like the race to Berlin." She's having an internal state of civil war, which then goes into its own state of collapse.

Persons: Alex Garland doesn't, Garland, Lee, Kirsten Dunst, Joel, Wagner Moura, It's, they'd, There's, you've, freaked, Jonathan Glazer's, it's, straightforwardly, They're imaginatively, We've, hasn't, He's, There'd, they're, Cailee, Kirsten Dunst's Lee, I'm, — Organizations: White, DC Locations: Washington, DC, California, Texas, Berlin, Lee

☆ Sydney, Australia, stabbing: Mall attacker may have targeted women, police say, as more details emerge of his six victims
▼ + stars: | 2024-04-15 | by ( Helen Regan | Sandi Sidhu | Mall Attacker Was Known To Authorities | ) edition.cnn.com time to read: +10 min

The community is devastated in the knowledge of their loss.”Police said Monday they had concluded their examinations of the shopping mall and the crime scene was being handed back to Westfield. More than 100 pieces of evidence were removed and will be forensically examined as part of the investigation, said Yasmin Catley, New South Wales Minister for Police. A woman cries as she comes out of the Westfield Bondi Junction shopping mall after a stabbing incident in Sydney on April 13, 2024. People react outside the Westfield Bondi Junction shopping mall after a stabbing incident in Sydney on April 13, 2024. The number of women killed by violence in Australia has ranged between 43 and 84 each year since Counting Dead Women began tallying deaths in 2012.

Persons: Joel Cauchi, Health Ryan, Cauchi, Karen Webb, ”, ” Webb, “, Lisa Maree Williams, Chris Minns, ” Minn, Yasmin Catley, David Gray, Baby, ‘, Ashlee Good, Good, Health Park, Ashlee, Faraz Tahir, ” Tahir, Adnan Qadir, Tahir, Anthony Albanese, KIIS, Yixuan Cheng, ’, undoubtably, Amy Scott, Scott, Webb, Amy, she’s, Roger Lowe, David GRAY, Lowe, New South Wales Premier Minns, Arthur Organizations: CNN, New South Wales ’, Health, New South Wales Police, ABC, ” Police, Getty, Police, Westfield, New South Wales Minister, “, “ Staff, Ahmadiyya Muslim Community of Australia, Australian, Embassy, Australia’s, Queensland Police, New South Wales Police Force, Queensland Police Service, New South Wales Premier, Minn Locations: Sydney’s, Bondi, Westfield, New South, New, Bondi Junction, Australia, Queensland, Sydney, AFP, Pakistan

☆ ‘Rust’ shooting: Movie armorer Hannah Gutierrez Reed to be sentenced Monday for involuntary manslaughter
▼ + stars: | 2024-04-15 | by ( Christina Maxouris | Cheri Mossburg | ) edition.cnn.com time to read: +7 min

CNN —Hannah Gutierrez Reed, the “Rust” film armorer who was found guilty of involuntary manslaughter last month for the 2021 on-set fatal shooting of cinematographer Halyna Hutchins, is scheduled to be sentenced Monday morning in a New Mexico courtroom. Bowles maintains his 26-year-old client has been scapegoated for the safety failures of film set management and other crew members. Prosecutors also cited jail calls in which Gutierrez Reed allegedly complained “about the negative affects this incident has had on her life” and called jurors derogatory names. “She had six, six live rounds on that movie set, the earliest date that I can track them for you is October 10, (2021),” the prosecutor said. “(Gutierrez Reed) could not anticipate what Baldwin would do.

Persons: CNN — Hannah Gutierrez Reed, Halyna Hutchins, Hutchins, Alec Baldwin, Gutierrez Reed, ”, Gutierrez Reed –, –, Jason Bowles, Bowles, Gutierrez Reed’s, Kari Morrissey, Morrissey, Jason Lewis, “, Prosecutors, Baldwin, Joel Souza, Souza, Hannah Gutierrez, ” Morrissey, Hannah, David Halls Organizations: CNN, Prosecutors, “ Management Locations: New Mexico, Santa Fe, Russian

☆ Sydney knife attacker had mental health issues, ideology not motive, police say
▼ + stars: | 2024-04-14 | by ( ) www.cnbc.com time to read: +2 min

The man who fatally stabbed six people in Sydney had mental health issues in the past and there was no indication ideology was a motive in the attack in one of the city's busiest shopping centres, police said on Sunday. Cauchi's family recognised him and contacted police on Saturday after seeing news reports of the killings. Witnesses described how Cauchi, wearing shorts and an Australian national rugby league jersey, ran through the Westfield Bondi Junction mall with a knife. "This was a terrible scene," New South Wales Police Assistant Commissioner Anthony Cooke told reporters. Five of the six people killed were women, and the male victim was a shopping centre security guard, police said.

Persons: Joel Cauchi, Roger Lowe, Amy Scott, Anthony Cooke, Cauchi, Lowe, Ashlee Good Organizations: New, Queensland Police, Australian, rugby league, Westfield, New South Wales Police, Police Locations: Sydney, Queensland, New South Wales, Sydney's, New, Australia

☆ Opinion: ‘Civil War’ is more than a reflection on America’s divisions
▼ + stars: | 2024-04-13 | by ( Opinion Noah Berlatsky | ) edition.cnn.com time to read: +7 min

Noah Berlatsky Noah BerlatskyAlex Garland’s “Civil War” has mostly been discussed as a reflection of, and a warning about, America’s current partisan divisions. Unlike the actual US Civil War, this one doesn’t seem to have any particular racial or racist connotations. But it’s the same kind of cop out that powers most of Hollywood’s most iconic Vietnam war movies. Hollywood Vietnam war movies generally aren’t about whether America did the right thing, nor are they about how America’s choices affected people in Vietnam. Stanley Kubrick's "Full Metal Jacket" (1987), starring Matthew Modine as Joker, is based on the events of the Vietnam war.

Persons: Noah Berlatsky, CNN —, Viet Thanh Nguyen, Noah Berlatsky Noah Berlatsky Alex Garland’s “, ”, he’s, Garland, Nick Offerman, Lee, Kirsten Dunst, Joel, Wagner Moura, Jessie, Cailee, Sammy, Stephen McKinley Henderson, Lee Wagner, Trump, Libya’s Muammar Gaddafi, Jesse Plemons, that’s, Francis Ford Coppola’s, Stanley Kubrick’s, don’t, —, Dawn ”, Stanley Kubrick's, Matthew Modine, It’s, transfixed Organizations: CNN, Union, Hollywood, America, Central, Warner Bros Locations: Chicago, Vietnam, Viet, American, Washington, California, Texas, Hollywood Vietnam, American Vietnam, Hollywood

☆ For Wagner Moura, leaving Pablo Escobar behind after 'Narcos' was just as tough as leaving the 'Civil War' combat zone
▼ + stars: | 2024-04-13 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +8 min

Wagner Moura opted out of wearing earplugs on the extremely loud set of Alex Garland's "Civil War" so he could feel completely immersed in the film's most intense battle sequences. In 2015, he landed the role of Pablo Escobar in the Netflix series "Narcos." Moura with Kirsten Dunst in "Civil War." Juan Pablo Gutierrez/NetflixBefore this, you were known for playing Pablo Escobar in "Narcos." Did you find it more difficult getting out of the mindset of Pablo Escobar after "Narcos" or Joel after "Civil War"?

Persons: Wagner Moura, Alex Garland's, he's, Moura, Matt Damon, Pablo Escobar, it's, Joel, Kirsten Dunst, Alex, Jesse Plemons, Jesse, they're, Cailee, I'm, I've, Jessie, Juan Pablo Gutierrez, you've Organizations: Service, Business, Netflix, Globe, BI, Navy, Hollywood Locations: Brazil, American, Hollywood

☆ Mortgage refinance demand surges even as rates cross back over 7%. Here's why
▼ + stars: | 2024-04-10 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Overall mortgage demand has now moved sideways for three straight weeks, but last week saw a split between those looking to buy a home and those hoping to save money with a refinance. Total mortgage application volume increased just 0.1% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index, essentially flat. "Mortgage rates moved higher last week as several Federal Reserve officials reiterated a patient posture on rate cuts. Refinance demand usually drops when rates rise, but rates had fallen back slightly in the previous weeks, so some homeowners may have been waiting for them to go even lower. It is set to be released Wednesday morning, and depending on the outcome, mortgage rates could make a strong move in either direction.

Persons: Joel Kan Organizations: Mortgage, Federal

☆ A complete timeline of Sam and Aaron Taylor-Johnson's relationship
▼ + stars: | 2024-04-10 | by ( Olivia Singh | ) www.businessinsider.com time to read: +32 min

Actor Aaron Taylor-Johnson and director Sam Taylor-Johnson have been married since 2012. AdvertisementActor Aaron Taylor-Johnson, 33, and director Sam Taylor-Johnson, 57, have been together for more than a decade. 2009: Aaron proposes to Sam after wrapping the filmSam Taylor-Johnson and Aaron Taylor-Johnson in September 2009. February 2017: Aaron says that the public's fixation on their relationship is 'intrusive'Sam Taylor-Johnson and Aaron Taylor-Johnson in April 2014. March 2021: It's reported that Sam and Aaron will team up for another film togetherSam Taylor-Johnson and Aaron Taylor-Johnson in February 2019.

Persons: Aaron Taylor, Johnson, Sam Taylor, Aaron, Sam, —, Here's, John Lennon, Dave M, née Taylor, Wood, Jay Jopling, Anjelica, Jessie Phoenix, Anjelica Jopling, John Lennon's, Julia, Harper's, Sam I'd, –, Mike Marsland, IndieWire, Pascal Le Segretain, I'm, We've, Aaron didn't, Simon Hattenstone, Hattenstone, Jonathan Ross, Sam's, Wylda Rae, Peter Kramer, Wylda, R.E.M, Romy Hero, Sang Tan, Taylor, Johnson Sam Taylor, Stewart Wilson, London's, Jordan Strauss, We're, Charles Sykes, Anna Karenina, Aaron Johnson, Angus, Thongs, Tom Ford's, Eric Charbonneau, Jesus, Romy, Joel Ryan, Aaron gushes, Mr Porter, Benjamin Button, she's, HBD, Zoë Kravitz, Karl Glusman's, aron, ohnson, aron T aylor-, aid., ames, ieces', ike, elationship, aron d anced, ong, rowe, eing, ove ✍ 🏼 f, m., Jo, " Sony, ted the of, tarr, Aaron T aylor, ady, roper, I w, hie Turner, elebr, 0s, I, cott, Adve, , ', hou Organizations: Service, Nowhere, Hollywood Reporter, The Telegraph UK, Sunday Times UK, Telegraph UK, The Telegraph, Guardian, Globe, New York Magazine, Hollywood, Artist &, ust, ici, ntr Locations: Jopling, Liverpool, London, Somerset, England, Phoenix, Paris, ife, gan

☆ Bidens roll out the diplomatic – and literal – red carpet for Japan state visit
▼ + stars: | 2024-04-09 | by ( Betsy Klein | ) edition.cnn.com time to read: +5 min

The White House will lean into the full pomp and circumstance of a state visit as the president seeks to emphasize the strong alliance between the two countries. The Bidens welcomed the prime minister and his wife to the White House on Tuesday evening, hosting the couple for a casual dinner at BlackSalt, a local seafood restaurant. The White House will serve wines from the Willamette Valley and Columbia Valley in the Pacific Northwest. The Bidens presented their counterparts with a three-legged black walnut table handmade by a Japanese American owned company in Pennsylvania, the White House said. The Biden White House has previously hosted the leaders of Australia, India, France and South Korea for state visits.

Persons: Joe Biden, Jill Biden, Kishida Fumio, Kishida Yuko, Paul Simon, Biden, ” Jill Biden, ”, Bryan Rafanelli, “, Cris Comerford, Susie Morrison, George W, Bush, Lyndon B, Johnson, Carlos Elizondo –, ’ toasts, Elizondo, Billy Joel, CNN’s Arlette Saenz, Kayla Tausche, Sam Fossum Organizations: CNN, Japanese, White, White House social, Wing, State Department, White House, US, National Soccer Team, National Football Team, Biden White Locations: China, Ukraine, Gaza, United States, Japan, BlackSalt, California, Willamette, Columbia, Pacific Northwest, American, Pennsylvania, Australia, India, France, South Korea

☆ Alec Baldwin had ‘no control of his own emotions’ on ‘Rust’ set, prosecutors claim in new legal filing
▼ + stars: | 2024-04-08 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —Special prosecutors in New Mexico claim in a new legal filing that actor Alec Baldwin’s behavior on the “Rust” movie set contributed to “safety comprises” that led to the fatal shooting of the film’s cinematographer Halyna Hutchins in 2021. Prosecutors sought to defend their case in a filing Friday after Baldwin’s team filed a motion in March to dismiss the indictment against the actor. “Witnesses have testified that it was this exact conduct that contributed to safety compromises on set,” the filing alleged. Gutierrez Reed – who was responsible for firearm safety and storage on the movie’s set – was found guilty of involuntary manslaughter in March. Prosecutors also criticized public statements made by Baldwin after the incident, accusing the actor of attempting to sway public opinion.

Persons: Alec Baldwin’s, Halyna Hutchins, Prosecutors, Baldwin’s, Baldwin, “, Hannah Gutierrez Reed, ” Baldwin, “ Witnesses, Hutchins, Joel Souza, Gutierrez Reed –, –, Gutierrez Reed, Hannah Gutierrez’s, ” Organizations: CNN —, CNN Locations: New Mexico

☆ While many flock to see the eclipse, these cultures are doing something different
▼ + stars: | 2024-04-05 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +8 min

CNN —For many people, the upcoming total solar eclipse is a joyous and celebratory occasion. But in other cultures and faith traditions, an eclipse is less spectacle and more spiritual. Having drunk the nectar, Rahu becomes immortal while Ketu dies. Some Christians believe it signals the second coming of ChristPeople visit the Bald Knob Cross near Alto Pass, Illinois, on August 19, 2017 ahead of a total solar eclipse. The New Testament of the Bible contains several mentions of the sky darkening while Jesus was hung on the cross, which some believers associate with a solar eclipse.

Persons: Sanjay Kanojia, Sangeetha Kowsik, Kowsik, Vishnu, Mohini, Ketu, Rahu, Hanuman, ” Kowsik, Ganesha, Lord Hanuman, Fachrul Reza, NurPhoto, Akif Aydin, Muhammad’s, Ibrahim, Aydin, —, Prophet Muhammad, ”, Scott Olson, Jesus Christ, Jesus, Matthew, “, “ Eli, Eli, lema, Joel, Andrea L, Robinson, Brian van der, Evelyn Bahe, ” Bahe, Bahe, Institute’s Nancy C, Maryboy, David Begay, Kristin Fisher Organizations: CNN, Getty, New York University, Atlantic Institute SC, Christ People, Christianity, “, Los Angeles Times, Department of Diné, Sun, Institute’s Locations: Mexico, Canada, Prayagraj, Yamuna, AFP, South India, Lhokseumawe, Indonesia, South Carolina, Alto Pass , Illinois, American, America, it’s, Navajo, Rock , Arizona

☆ Weekly mortgage demand remains stalled, as interest rates stay stubbornly high
▼ + stars: | 2024-04-03 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage rates didn't move much last week, and for the second week in a row, neither did mortgage demand. Total mortgage application volume last week was essentially flat, dropping 0.6% from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "Elevated mortgage rates continued to weigh down on homebuying. Purchase applications were unchanged overall, although FHA purchases did pick up slightly over the week," noted Joel Kan, an MBA economist. Mortgage rates bounced higher to start this week, after new economic data on manufacturing came in higher than expected and noted higher prices.

Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Federal Reserve, Mortgage News Locations: homebuying

☆ Bitcoin falls for a second day as investors brace for more volatility in April
▼ + stars: | 2024-04-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin fell for a second day to start the new month and quarter, amid rising Treasury yields and strength in the U.S. dollar. Data from CryptoQuant shows a spike in that exchange's reserves, which typically signals a boost in selling activity, that coincides with the sudden drop in bitcoin price late Monday night. Crypto exchange Coinbase fell 4%, while software provider MicroStrategy , which largely trade as a proxy for the price of bitcoin, lost nearly 7%. Investors are looking toward the bitcoin halving – which will slash the reward, and therefore revenue, of bitcoin miners – in the second half of the month. The event could hurt the performance of miners but historically has set bitcoin up for rallies of 300% or more in the months that follow.

Persons: Bitcoin, Joel Kruger, Stocks, Coinbase Organizations: Metrics, U.S ., LMAX, Marathon

☆ Sam Bankman-Fried might be eating a lot of rice, almonds, and Skittles drink mix if he wants to stay vegan in prison
▼ + stars: | 2024-03-29 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried could be sent to a prison with limited vegan options, per The Wall Street Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The disgraced crypto entrepreneur could carry out his 25-year sentence at Mendota, a medium-security prison near Fresno, California, a prison consultant hired by his lawyers said. There, he might have to opt for vegan items on the prison's commissary list such as rice, almonds, and Skittles drink mix, The Wall Street Journal reported. AdvertisementUS District Judge Lewis Kaplan, who imposed Bankman-Fried's 25-year sentence on Thursday, recommended he serve it in a low- or medium-security prison near his parents' home in San Francisco.

Persons: Sam Bankman, —, Fried, Lewis Kaplan, Joel Sickler, Bill Baroni, He's, Baroni, He'll, Carmine Simpson, who's, Judge Kaplan, Sam, Simpson Organizations: Street, Service, Street Journal, Federal Bureau of Prisons, New, Metropolitan Detention, NYPD, BI Locations: Mendota, Fresno , California, San Francisco, Lompoc, Santa Barbara, New Jersey, Brooklyn

☆ Mortgage demand stalls, even as interest rates moderate
▼ + stars: | 2024-03-27 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

The usually busy spring housing market is underway, but mortgage demand isn't moving. Mortgage rates today are still about a half a percentage point higher than they were at this time last year, so recent borrowers have no incentive to refinance. "Purchase applications were essentially unchanged, as homebuyers continue to hold out for lower mortgage rates and for more listings to hit the market," said Joel Kan, an MBA economist in a release. Mortgage rates have basically moved sideways to start this week and are unlikely to change until next week, when more economic data is set to be released. "If inflation falls a bit more or if the economy shows marked signs of weakening, it would tip the scales in favor of lower rates."

Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Mortgage News Locations: Miami , Florida

☆ 'America's greatest gift to Israel'
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

As the country's founder and first prime minister, David Ben-Gurion, once declared, "America's greatest gift to Israel was Al Schwimmer." Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

Persons: Danny Schwimmer, They'd, Rina, Al —, David Ben, Gurion, Al Schwimmer, Schwimmer, Bugsy Siegel's, Meyer Lansky, Frank Sinatra, Sinatra, —, Boaz Dvir, Israel —, Danny, Al, I've, Hank Greenspun, Greenspun, Brian, Adolph, Dick Tracy, " Schwimmer, Wing Walker, America, Yehuda Arazi, Arazi, they'd, Schwimmer's, Sam Lewis, Leo Gardner, Milton, Milt, Rubenfeld, Paul Reubens, Herman, Reubens, Bugsy Siegel, Siegel, — Schwimmer, Nathan Liff, Liff, PhotoQuest, Bernarr McFadden, Pat, Ptacek, Rafael Trujillo, Teddy Kollek, Erwin Johnson, Bill Gerson, Gerson, Bud King, Gerson's, Ben, Joel Kimmel, Lewis, Lansky, hadn't, Tommy, Messerschmitts, David, Milt Rubenfeld, Israel, Charlie Winters, Winters, weren't, aren't, America's, Joseph McCarthy, John F, Kennedy, Brian Greenspun, Golda Meir, Bill Clinton Organizations: Israeli Air Force, TWA, Haganah, United Nations, Lockheed Air, Los Angeles Examiner, USC, Getty, US Naval, Schwimmer Aviation, FBI, UN, Customs Service, Palestine . Volunteers, Embassy, Israel, Service Airways, State Department, BI, Pepsi, Zionist, Nazi, Star, American, Avia, Messerschmitt, Pennsylvania State University who's, Las, Sun, Israel Aerospace Industries, IAI, they're, Israeli Locations: Tel Aviv, Israel, Connecticut, Palestine, New York, Copacabana, United States, Hungary, Auschwitz, storages, Arizona, Bridgeport, Rome, Burbank , California, Burbank, Las Vegas, Hawaii, Oahu, Santa Claus, California, Washington, Burbank ., Acapulco, Mexico, it's, Mexico City, Central, South America, Dominican Republic, China, America, Mexican, Panama, Panamanian, Corsica, Oklahoma, Detroit, Suriname, Brazil, Senegal, Casablanca, Sicily, Catania, Europe, Czechoslovakia, Czech, Egypt, Cairo, Los Angeles, American, Gaza, Iran

☆ An Arms Smugger, a Daring Heist, and the Birth of Israel
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. "It went against the grain to buck the same government we had fought to preserve only a few years before," Hank Greenspun recalled. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

☆ Billionaires going to space aim to industrialize the moon, asteroids, and Mars. It's time to set some ground rules.
▼ + stars: | 2024-03-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

Read previewThe space business is in bloom and, so far, it's largely unregulated. Other space startups have ambitions including asteroid mining, in vitro fertilization (IVF) in space, and space hotels. As space startups and billionaires vie for a foothold on the moon and beyond, experts say governments probably need to start setting some ground rules. Seven of the world's 10 biggest commercial space operators are based in the US, according to the Organisation for Economic Co-operation and Development. AdvertisementIn another vein, last year Florida passed a bill to protect space companies and their owners from getting sued over spaceflight passenger death or injury.

Persons: —, Jeff Bezos's, Elon Musk, Bezos, NASA What's, George Nield, Galileo, Joel Kearns, Richard Branson, Galactic's, Lyndon B, Johnson, Jeff Bezos, Joe Raedle, Michelle Hanlon, Jared Isaacman, William Shatner, Hanlon Organizations: Service, NASA, Houston, SpaceX, Business, Northeastern University, Federal Aviation Administration's, Space Transportation, JPL, FAA, Virgin Galactic, Virgin, Getty, Artemis Accords, Hague Institute, Global Justice, Washington, Companies, Shepard, Center for Air, Space, University of Mississippi School of Law, titans, US International Trade Commission, Organisation for Economic Co, Federal Communications Locations: Mars, Russia, China, Blue, Florida

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