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Nvidia's earnings release is front and center this week as the beloved chipmaker should determine the short-term direction of U.S. equities. Led by the $2.3 trillion behemoth Nvidia (NVDA) , semiconductors have been on fire in 2024 after a dramatic outperformance in 2023. I want to implement a hedge using the popular VanEck Semiconductor ETF (SMH) which has a near 21% weighting to Nvidia. The largest ETF to hold NVDA is the SPDR S & P 500 ETF Trust (SPY) , with a 5.1% allocation or about $28 billion in market value. It can (and has) propel NVDA higher in a faster manner, but it also can amplify a move lower (if that is possible for the AI darling, NVDA).
Persons: NVDA SMH Organizations: Nvidia, VanEck Semiconductor, Trust
Opinion | Justice Alito Is a True Believer
  + stars: | 2024-05-21 | by ( Jamelle Bouie | ) www.nytimes.com   time to read: +2 min
In a large part of American political discourse, overt cynicism is the currency of sophistication. It is a sign of political savviness, even worldliness, to know that politicians are creatures of pure self-interest, with no solid beliefs, concerns or preoccupations. For years, the savviest position was the cynical one: Their vocal opposition notwithstanding, neither Republican lawmakers nor conservative judges would actually try to overturn Roe v. Wade. And public cynicism notwithstanding, they want to do this even if it costs them votes in the short term. The same was and remains true for Republicans and abortion.
Persons: Roe, Wade, , William Saletan, suburbanites, pare Organizations: Republican, Democratic Party, Democratic Locations: Slate
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTuesday’s rapid fire: Lowe’s, Macy’s, Lam Research, Toast and Zoom VideoCNBC’s Jim Cramer on Tuesday discussed five stocks outside the Investing Club portfolio, including Lowe’s and Macy’s.
Persons: Jim Cramer Organizations: Lam Research, Club Locations: Lam
A Colorado man pleaded guilty to killing a family by setting their home on fire in 2020. He wanted revenge after his iPhone was stolen, but targeted the wrong house, investigators said. AdvertisementA Colorado man set a house in Denver on fire in 2020, thinking he was avenging the theft of his iPhone. But he targeted the wrong house. He pleaded guilty last week to killing an innocent family who lived there.
Persons: , Kevin Bui, Bui Organizations: Service, Attorney's, Business Locations: Colorado, Denver, Denver's
OpenAI’s Scarlett Johansson problemWhen OpenAI unveiled the latest version of ChatGPT last week, a chatbot that can listen to spoken questions and respond verbally, many users had one question: Is that Scarlett Johansson? It’s another sign of eroding trust in OpenAI, which has taken fire from creative industries and former employees. In her statement, Johansson shed more light on the matter:Last September, I received an offer from Sam Altman, who wanted to hire me to voice the current ChatGPT 4.0 system. Altman tried again two days before the ChatGPT product announcement, she added, but released the service before they could connect. Johansson — no stranger to waging war against big companies — suggested that she was ready to take legal action.
Persons: OpenAI’s Scarlett Johansson, OpenAI, Scarlett Johansson, , OpenAI —, ” Johansson, Sam Altman, Mira Murati, Johansson, Altman, Johansson —, Locations: OpenAI
In the Opinion video above, Dr. Samer Attar, an American surgeon from Chicago, shows us the unfathomable brutality of the war in Gaza. He was a member of the first delegation of international doctors to embed in the northern part of the territory this spring. Over two weeks, Dr. Attar volunteered at local hospitals and filmed what he saw. Dr. Attar’s video diaries capture the war’s toll on civilians and the struggle among Palestinian medical workers to save lives amid extreme shortages of critical medicine, blood and basic supplies in Gaza’s shattered health care sector. As pressure for a cease-fire mounts, Dr. Attar argues in this video that any agreement must include three concrete terms to save thousands of innocent lives in Gaza.
Persons: Samer Attar, Dr, Attar, , Attar’s Organizations: Awda, Sunday Locations: American, Chicago, Gaza
Lowe's : Shares fell more than 2% despite the home-improvement retailer's first-quarter sales and earnings topping Wall Street expectations. Macy's : The retailer delivered better-than-expected quarterly earnings, with CEO Tony Spring telling investors its turnaround of its namesake department-store chain is in the "early innings." Macy's has got Tony Spring. Toast : Shares fell 3% after Baird downgraded the stock to neutral, saying the risk/reward is more balanced after its big run up in recent months. "I just feel badly for Zoom," Cramer said.
Persons: Jim Cramer's, Jim Cramer, Tony Spring, Macy's, , Cramer, Lam, Baird Organizations: CNBC, Club, Lam Research Locations: Bloomingdale's
Russian S-400 surface-to-missile systems in the Victory Day parade in Moscow's Red Square on i in May 2023. Ukraine in September said it destroyed two Russian S-400 batteries in Crimea, a region annexed by Russia in 2014. Rajan Menon, the director of the Grand Strategy program at the US think tank Defense Priorities, described the S-400 as Russia's "top-of-the-line air defense system." A rocket launches from a S-400 missile system at the Ashuluk military base in Southern Russia in September 2020. A Patriot air defense system test-fired during a training in Chania, Greece, on November 8, 2017.
Persons: , Fredrik Mertens, John Hoehn, it's, Hoehn, AP Mertens, Mertens, Ian Williams, Mattias Eken, Rajan Menon, Vitaly Nevar, Mick Ryan, you've, DIMITAR DILKOFF, Ryan, haven't, hasn't, KIRILL KUDRYAVTSEV, might've, Eken, Anthony Sweeney, Army Menon Organizations: Service, Business, Hague, Strategic Studies, NATO, SA, International Institute for Strategic Studies, US Patriot, Reuters, RAND Corporation, Ukrainian Air Force, Forbes, Directorate of Intelligence, Ministry of Defence, South Korea Defense Ministry, AP, Patriots, Storm, Missile Defense, Center for Strategic, International Studies, Defense, REUTERS, Australian Army, Getty, Victory Day, Patriot, Army Locations: Russian, Ukraine, Ukrainian, Russia, Moscow, Crimea, Screengrab, Soviet, US, Russia's, Ukraine's Luhansk, South Korea, Kaliningrad, Southern Russia, AFP, Chania, Greece, United States, West, NATO
Zelensky Said the U.S. Should Do More to Help Ukraine
  + stars: | 2024-05-21 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
In a wide-ranging interview with three of my colleagues, President Volodymyr Zelensky of Ukraine said the U.S. and its European allies should be doing more to support his country in its fight against Russia. He specifically proposed that NATO planes begin shooting down Russian missiles over Ukraine. Are you shooting down Russian planes and killing Russian pilots? There is no such issue.”Over nearly an hour, Zelensky spoke with frustration and bewilderment at the West’s reluctance to take bolder steps to ensure that Ukraine prevails. Zelensky insisted that the only way to defend against such assaults would be to use Western weapons to strike at military targets inside Russia.
Persons: Volodymyr Zelensky, , ” Zelensky, Zelensky, bewilderment Organizations: Russia, NATO, Russian, U.S Locations: Ukraine, U.S, Russia, Ukraine’s
An Egyptian spy ruined a potential cease-fire deal between Israel and Hamas. The intelligence official added more of Hamas' demands after Israel had already agreed to the deal, CNN reports. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Egyptian spy torpedoed a potential cease-fire deal between Israel and Hamas earlier this month by secretly changing its terms before handing it between the warring sides, CNN reports.
Persons: Israel, , Ahmed Abdel Khalek Organizations: Hamas, CNN, Service, Business Locations: Israel, Qatar
With his army struggling to fend off fierce Russian advances all across the front, President Volodymyr Zelensky of Ukraine urged the United States and Europe to do more to defend his nation, dismissing fears of nuclear escalation and proposing that NATO planes shoot down Russian missiles in Ukrainian airspace. Mr. Zelensky said he had also appealed to U.S. officials to allow Ukraine to fire American missiles and other weaponry at military targets inside Russia — a tactic the United States continues to oppose. The inability to do so, he insisted, gave Russia a “huge advantage” in cross-border warfare that it is exploiting with assaults in Ukraine’s northeast.
Persons: Volodymyr Zelensky, Zelensky Organizations: NATO Locations: Ukraine, United States, Europe, Russia, Ukraine’s
With that in mind, we searched for the best Memorial Day TV deals to help simplify your shopping. Some of the best deals include $300 off the Hisense U6HF, one of our picks for the best 50-inch TVs, and $2,400 off the 83-inch Samsung S90C. You can also find more of this season's sales in our roundups of the best Memorial Day sales and the best Memorial Day furniture sales. 50- and 55-inch TV Memorial Day dealsHisense 50-inch U6HF QLED 4K Fire TV $299.99 $499.99 Save 40% This 50-inch display has Amazon's Fire TV platform built-in for easy access to tons of streaming apps. Shop at AmazonCheck out more of our highlights of the best Memorial Day sales on TVs, furniture, kitchen appliances, and more.
Persons: It's Organizations: Business, Samsung, Amazon, LG, Amazon Sony
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. A fire broke out at Tesla 's vehicle assembly plant in Fremont, California on Monday afternoon, according to a statement from the Fremont Fire Department, posted on social network X. The Fremont factory is Tesla's first mass EV manufacturing facility. On May 17, 2024 Tesla celebrated a milestone for its Fremont factory in conjunction with their battery factory outside of Reno, Nevada, saying they had surpassed production of 3 million vehicles. Fires at the Fremont factory in the past have sometimes necessitated a pause in production.
Persons: Tesla, Tesla's Fremont Organizations: Tesla Fremont Factory, Fremont Fire Department, Elon, Fremont, Environmental Health, Safety, California Employment, Bay, Air Quality Management, CNBC Locations: Fremont , California, Fremont, Reno , Nevada, California, Tesla's, Alameda County
Damaging storms brought punishing winds and possible tornadoes to Iowa on Tuesday afternoon, leaving at least one dead and causing considerable destruction in the latest in a run of severe weather to have struck the Midwest in recent weeks. A woman suffered a storm-related death in Adams County, according to Lisa Brown, the county’s medical examiner. One of the structures appeared to have caught fire, releasing a large plume of smoke. Footage circulating on social media appeared to show extensive damage in a residential area of Greenfield, Iowa, a small city of about 2,000 residents in Adair County about 50 miles southwest of Des Moines. Video captured by a storm chaser showed a stretch of homes that had been reduced to piles of wood and rubble, and people being escorted away by emergency officials.
Persons: Lisa Brown Organizations: Des Moines . Locations: Iowa, Adams County, Des Moines, Greenfield , Iowa, Adair County
We recently got an in-depth look at how mattresses were made on a tour of the 3Z Brands factory in Glendale, Arizona. With the extra capacity, 3Z Brands also makes mattresses for other companies, including Nectar, GhostBed, Allswell, and Nest Bedding. Here's a detailed account of our tour of the 3Z Brands factory and a look into how mattresses are made, from sewing to packaging. AdvertisementConstructing the pocket coilsThe pocket springs found in hybrid mattresses arrive at the factory in huge coils. AdvertisementAssembling the mattressOnce the foam, pocket springs, and mattress covers are ready, it's time to assemble all the components together.
Persons: Brands, James Brains, 3Z, Jaclyn Turner, John Merwin, serging, Jaclyn, Stephen Light Organizations: Business, 3Z Brands, 3Z Locations: Glendale , Arizona, Brooklyn
YouTube YouTube TikTok TikTok TikTok TikTok YouTube Visual Investigations How a Haitian Gang Is Trying to Turn Itself Into a Militia Dozens of 5 Segonn members dance in a music video. It’s typically carried by militaries and hasn’t been seen being used before by the 5 Segonn gang. It’s typically carried by militaries and hasn’t been seen being used before by the 5 Segonn gang. A group of 5 Segonn gang members dressed in tactical gear. TikTok TikTok TikTok TikTok YouTube YouTube YouTube TikTok TikTok On social media, Izo often posts videos of himself dancing and drinking.
Persons: hasn’t, Jovenel Moïse, Ariel Henry, Johnson André, TikTok, Izo, They’ve, Gustavo Petro, Moïse’s, Dimitri Hérard, Hérard, Izo’s Organizations: YouTube YouTube, Kenyan, The New York Times, Gang, PORT, PRINCE, Prince Bay Gang, Prince, Global, Transnational, Rights, Human Rights Defence Network, Human Rights, Integrated, YouTube, of, Los Angeles Crips, Toyota, Haitian National Police, Haitian Army, Times, Associated, The Justice Department, State Department, Facebook Locations: Belgian, Haiti, Port, Dominican Republic, Prince Bay HAITI, PRINCE HAITI, U.S, America, Dieu, Izo’s, United States, Colombia, Haitian, South, Central America, Brazil, Latin America, Europe, Izo, Western
A Safety Check for OpenAI
  + stars: | 2024-05-20 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
OpenAI’s fear factorThe tech world’s collective eyebrows rose last week when Ilya Sutskever, the OpenAI co-founder who briefly led a rebellion against Sam Altman, resigned as chief scientist. “Safety culture and processes have taken a backseat to shiny products,” Jan Leike, who resigned from OpenAI last week, wrote on the social network X. Along with Sutskever, Leike oversaw the company’s so-called superalignment team, which was tasked with making sure products didn’t become a threat to humanity. Sutskever said in his departing note that he was confident OpenAI would build artificial general intelligence — A.I. Leike spoke for many safety-first OpenAI employees, according to Vox.
Persons: Ilya Sutskever, Sam Altman, hadn’t, ” Jan Leike, Sutskever, Leike, , Vox, Daniel Kokotajlo, Altman Organizations: OpenAI, C.E.O
The inferno consumed the wooden structure, situated in an Iron Age settlement, killing six animals penned in the stable. The presence of a horse in the stable suggested that these people were wealthier than some of their neighbors, Olesti Vila said. The site provides important insights into the daily lives of Iberian Iron Age populations in the Pyrenees at this pivotal time in history, Arnold said in an email. During the Iron Age, when people lived in wooden homes heated by fires, buildings often accidentally burned. “This is also an indication of some kind of conflict or some kind of violent aggression,” Olesti Vila said.
Persons: Oriol Olesti Vila, Baltarga, Francesc Riart, Olesti Vila, , weren’t, , Bettina Arnold, Arnold, ” Arnold, ” Mindy Weisberger Organizations: CNN, Autonomous University of Barcelona, University of Wisconsin -, Scientific Locations: Iberia, Spain, Tossal, Baltarga, Iron, Hannibal, Roman Republic, University of Wisconsin - Milwaukee, Pyrenees, , Europe
CNN —American citizens were involved in an attempted coup d’état that left at least three people dead on Sunday in the Democratic Republic of Congo, a military spokesperson told CNN Monday. Malanga was killed in a gun battle between the armed putschists and the presidential guards, Ekenge said. Videos widely shared on social media, but not verified by CNN, showed a man with a bloody face being surrounded by Congolese military personnel. Sunday’s incident was the second coup attempt by the now deceased Malanga, a former Congolese military veteran, Ekenge told CNN. The African Union condemned Sunday’s coup attempt in the DRC and welcomed the “control of the situation” by the country’s security forces.
Persons: d’état, Vital Kamerhe, Christian Malanga, General Sylvain Ekenge, Malanga, Ekenge, , ” Ekenge, Marcel, Benjamin Reuben Zalman, Polun, Patrick Ducey, Taylor Thomson, “ Patrick Ducey, Lucy Tamlyn, , Felix Tshisekedi, Kamerhe’s, Sunday’s Organizations: CNN, Democratic, Palais, Nation, Congolese, United Congolese Party, Reuters, World Bank, Central, African Union Locations: Democratic Republic of Congo, DRC, Congolese, Kinshasa, Africa, Gabon
CNN —A 4.4 magnitude earthquake struck Italy’s Campi Flegrei super volcano Monday evening, causing mild damage in the town of Pozzuoli, the epicenter, and as far away as the city of Naples, some 20 kilometers (12 miles) away, according to Italy’s National Institute of Geophysics and Volcanology (INGV). The 4.4 earthquake at a depth of 3 kilometers is the strongest earthquake to hit the highly seismic area in the past 40 years, according to INGV data. The quake is part of an ongoing “seismic storm” that has seen more than a dozen events over 2.0 magnitude in the past 48 hours. The INGV recorded 1,252 earthquakes in the Campi Flegrei area in the month of April 2024, most with a magnitude less than 1.0. More than 500,000 people live in the red zone directly adjacent to the Campi Flegrei, according to the Italian Civil Protection agency, which has been working this year to update evacuation plans in the event of a major disaster.
Organizations: CNN, National, of Geophysics, Fire Brigade, Italian Civil Locations: Pozzuoli, Naples, Italian, Mt
Johnson Controls : Activist investor Elliott has built a more than $1 billion stake in the HVAC control firm, Bloomberg News reported. "The stock is up 22% [year to date], but it has lagged Trane . "It was just a mistake [to have an underweight rating on the stock]," Cramer said, adding later: "From 1995 on, you have to understand the moment inventories are lean, you've got to buy. Steel stocks: Analysts at Jefferies initiated coverage of steel stocks, beginning with a buy rating on Cleveland-Cliffs and U.S. Steel and hold ratings on Nucor and Steel Dynamics . JPMorgan Chase : The banking giant slightly raised its full-year net interest income outlook to $91 billion from $90 billion.
Persons: Jim Cramer's, Elliott, Jim Cramer, Morgan Stanley, Cramer, you've, I've, Frank Del Rio, Harry Sommer, He'll Organizations: CNBC, Club, Johnson, Bloomberg News, Micron Technology, Jefferies, Cliffs, . Steel, Steel Dynamics, JPMorgan Chase, Cruise Locations: Cleveland
An aide to Mayor Eric Adams who served as his longtime liaison to the Turkish community and whose home was searched by the F.B.I. has been cooperating with the corruption investigation into the mayor and his 2021 campaign, according to three people with knowledge of the matter. Originally from Azerbaijan, Ms. Abbasova, 41, had worked for Mr. Adams for about four years in the Brooklyn borough president’s office before he became mayor. agents and federal prosecutors conducting the corruption investigation in the weeks after her home was searched on Nov. 2. On the same day, agents also searched the homes of the mayor’s chief fund-raiser and a former Turkish Airlines executive.
Persons: Eric Adams, Rana Abbasova, Adams’s, Adams, Abbasova Organizations: , Fire Department, International Affairs, Mr, Turkish Airlines Locations: Turkish, New York, Turkey, Azerbaijan, Brooklyn
I gave birth to my first child — a daughter — in New York City in April of 2020, just after the start of the pandemic. Related stories"Roan" was the perfect choice for my first child — Roan Mountain held such a special place in my heart, and I knew that one day, it would hold a special place in her heart, too. AdvertisementHowever, despite our decision being the right one for our family, my husband and I started to find ourselves grieving our pre-kid, city life. Without a doubt, the Hudson River Valley quickly became one of our homes-away-from-home — another special place in our book of life. It was perfect, and when we were surprised with a second daughter, it fit her well.
Persons: , I'd, Roan, We'd Organizations: Appalachian, Metro Locations: New York City, United States, Tennessee, — Roan, Asheville , North Carolina, Queens, Hudson
Mr. Keys and his wife, Charae Williams Keys, were getting into their car after a Father’s Day visit in 2021 with her grandparents in a leafy neighborhood near Walnut Hill Park in Columbus, Ohio. A 72-year-old neighbor carrying a rifle accosted them in the belief, he later told the police, that Mr. Keys had let the air out of his daughter’s tires and poisoned his lawn. It took a moment for everyone to realize that the shots had come from a fourth gun across the street. Elias Smith, a 24-year-old ex-Marine, had stepped to his front door with a so-called ghost gun, an AR-style rifle that Mr. Smith had assembled from parts ordered online. Within seconds, he opened fire, hitting Mr. Keys five times.
Persons: Jason Keys, Keys, Charae Williams, Elias Smith, Smith Locations: Walnut Hill, Columbus , Ohio
President Biden on Monday condemned the decision by the International Criminal Court’s chief prosecutor to seek arrest warrants for two top Israeli officials — Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant — when he issued warrants for the leaders of Hamas, saying in a White House statement that “whatever this prosecutor might imply, there is no equivalence — none — between Israel and Hamas.”Mr. Biden’s decision to stand firmly behind Mr. Netanyahu was echoed by Secretary of State Antony J. Blinken, who called the move by the prosecutor, Karim Khan, “shameful” in a statement that said the United States rejected his “equivalence of Israel with Hamas.”Mr. Blinken accused Mr. Khan of going “on cable television to announce the charges” even as his staff canceled a planned visit to Israel to discuss the I.C.C.’s inquiry into Israel’s conduct of the war. “These and other circumstances call into question the legitimacy and credibility of this investigation,” he said. “It is shameful,” Mr. Blinken said of the prosecutor’s decision to issue warrants for leaders of both sides in the conflict, implying their equivalence. “Hamas is a brutal terrorist organization that carried out the worst massacre of Jews since the Holocaust and is still holding dozens of innocent people hostage, including Americans. This decision does nothing to help, and could jeopardize, ongoing efforts to reach a cease-fire agreement that would get hostages out and surge humanitarian assistance in.”
Persons: Biden, Court’s, Benjamin Netanyahu, Yoav Gallant —, ” Mr, Netanyahu, Antony J, Blinken, Karim Khan, Mr, Khan, Organizations: , Hamas Locations: Israel, United States
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