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☆ 7 Moments That Reigned in ‘House of the Dragon’
▼ + stars: | 2024-06-15 | by ( Robin Kawakami | ) www.nytimes.com time to read: +1 min

Martin book “Fire & Blood,” “House of the Dragon” is a “Game of Thrones” prequel occurring roughly 200 years before the events in the original series. The new season will cover some of the many plotlines of the Dance within only eight episodes, compared to the first season’s 10. With Season 2, the Blacks and the Greens — opposing factions led by their matriarchs, Rhaenyra Targaryen (Emma D’Arcy) and Alicent Hightower (Olivia Cooke) — have reached a point of no return. “War is coming, and neither of us may win,” Rhaenyra says in a trailer. Here’s a look back at Season 1’s pivotal moments that turned childhood best friends into mortal enemies hurtling toward mutual destruction.

Persons: George R.R, Martin, ”, Rhaenyra Targaryen, Emma D’Arcy, Alicent Hightower, Olivia Cooke, —, Rhaenyra, King Viserys, Paddy Considine, Alicent, King, Tom Glynn, Carney, ” Rhaenyra Organizations: “, Blacks, Greens, King Aegon

☆ Cocoa prices are soaring. Candy makers will need to get creative
▼ + stars: | 2024-06-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +7 min

Prices of cocoa have more than tripled over the last year, creating a big headache for candy makers and other food companies that use the ingredient to make chocolate. The price surge has since eased off slightly, but the crop is still commanding well above what food companies are used to paying. This season's cocoa crop is expected to experience the largest deficit in at least six decades, according to a Rabobank report from May. A YouGov survey conducted in October found that 72% of U.S. respondents had noticed shrinkflation in food products. J&J Snack Foods CEO Daniel Fachner has been keeping an eye on cocoa and chocolate prices.

Persons: Ferley Ospina, Hershey, Kinder, Ferrero, they'll, Steve Rosenstock, Mondelez, shrinkflation, Daniel Fachner, Fachner, Justin Sullivan, Nik Modi, Modi, shea, Rosenstock Organizations: Bloomberg, Getty, Cadbury, Clarkston Consulting, Rabobank, Reuters, Mondelez, Consumers, Snack, CNBC, RBC Capital, Jumbo Locations: Ragonvalia, Norte de Santader, Colombia, . West Africa, Ghana, U.S, Novato , California, West

☆ Who’s Who in ‘House of the Dragon’? Here’s a Refresher
▼ + stars: | 2024-06-15 | by ( Sean T. Collins | ) www.nytimes.com time to read: +1 min

When “House of the Dragon,” HBO’s hit “Game of Thrones” prequel based on the book “Fire and Blood” by George R.R. The Blacks are led by Rhaenyra Targaryen (Emma D’Arcy). Team BlackQueen Rhaenyra Targaryen (Emma D’Arcy)Long the only child of the late King Viserys Targaryen, Rhaenyra was proclaimed heir by the king in defiance of centuries of tradition that held that only males could rule. But Viserys’s marriage to Rhaenyra’s childhood friend Alicent Hightower and the subsequent birth of Aegon created a rift within the royal family. After learning of her father’s death and Aegon’s crowning in the capital city, King’s Landing, Rhaenyra launched her rival reign from House Targaryen’s ancestral island home, Dragonstone.

Persons: ” HBO’s, George R.R, Martin, Rhaenyra Targaryen, Emma D’Arcy, King Viserys, Westeros, Tom Glynn, Carney, Alicent Hightower, Olivia Cooke, Viserys Targaryen, Rhaenyra Organizations: Blacks, Aegon, Greens, HBO

☆ Western Anxiety Makes for an Unexpectedly Smooth G7 Summit
▼ + stars: | 2024-06-15 | by ( Steven Erlanger | ) www.nytimes.com time to read: +1 min

The Group of 7 summit that ended on Saturday went extraordinarily smoothly by the standards of a gathering where the leaders of major powers come together. That was a measure of the anxiety the leaders feel about deteriorating trends in Ukraine, in the Middle East, in China and in their own political futures. There was a dispute over the use of the word “abortion” in the communiqué, prompted by the host, Prime Minister Giorgia Meloni of Italy, but that was seen as a gesture to her domestic constituency. On important issues of geopolitics, there was little that divided the group. President Biden may appear politically vulnerable and uncertain of re-election, but this summit meeting was another example of unchallenged American leadership of the West, especially on contentious issues of war and peace.

Persons: Giorgia Meloni, Biden, Volodymyr Zelensky Organizations: Ukraine — Locations: Ukraine, China, Italy, United States, Japan, Russia

CNN —Six people have died from heatstroke during the Hajj pilgrimage to Mecca, amid warnings from Saudi officials that temperatures during the annual gathering could reach 48 degrees Celsius (118 degrees Fahrenheit) this year. More than 1.8 million people are taking part in Hajj this year, according to the Saudi General Authority for Statistics. The Hajj is one of the biggest religious gatherings in the world and the largest annual event in Saudi Arabia. This year, Saudi Arabia is expected to experience extreme heat over the five-day pilgrimage, with temperatures reaching 48 degrees Celsius (118 degrees Fahrenheit) in Mecca. A Muslim pilgrim splashes water on his head to cool off at the base of Saudi Arabia's Mount Arafat during the Hajj pilgrimage on June 15, 2024.

Persons: Mount Arafat, Ramadan, Fadel Senna, Muhammad Al, Abdulaali, Jordan, Hajj – Organizations: CNN, Saudi, Saudi General Authority, Statistics, Getty Locations: heatstroke, Mecca, Jordanian, Jeddah, Jordan, Arafat, Saudi Arabia, Hajj, Saudi, AFP

☆ The F.B.I. Kept a File on My Father That Has Made His Family Proud - The New York Times
▼ + stars: | 2024-06-15 | by ( Samuel G. Freedman | ) www.nytimes.com time to read: +1 min

On an otherwise pleasant day in May 1957, my father received two unwelcome visitors at his tool-and-die factory. The agents intended to use that information as leverage to turn my father, too, into a snitch. Having grown up hearing family stories about my father’s lifelong radical politics, Aaron put through a Freedom of Information Act request for the F.B.I. That file is a reminder of what I inherited from him — not just his politics, but the convictions that they were built on. Dad would have been a logical enough target of scrutiny of J. Edgar Hoover’s F.B.I.

Persons: Aaron, David Freedman, —, Carol, Ken, Paul Avrich, Edgar Hoover’s F.B.I Organizations: Communist Party Locations: Highland Park, N.J, Piscataway

☆ Opinion | Jan. 6, America’s Rupture and the Strange, Forgotten Power of Oblivion
▼ + stars: | 2024-06-15 | by ( Linda Kinstler | ) www.nytimes.com time to read: +1 min

On March 4, Judge Tanya Chutkan presided over jury selection for a criminal trial in a Jan. 6, 2021, case. On his first day in court, Mr. Nester sat next to his attorney wearing a collared shirt and a tie, his glasses perched atop his gray hair. He glumly surveyed the potential jurors seated in the benches behind him, 12 of whom would later that week determine his fate. Mr. Trump, whose criminal trial has been put on hold pending Supreme Court review, spent that week on the campaign trail. Mr. Nester is the among the latest in a long string of Jan. 6 insurrectionists who have over the past three and a half years sat for trial in the E. Barrett Prettyman U.S.

Persons: Tanya Chutkan, Donald Trump, Nester, glumly, Trump, Barrett Prettyman Organizations: Capitol, Courthouse Locations: Pennsylvania, Washington, Washington ,

☆ The US has supplied Ukraine with over 4 million shells, as well as tanks and helicopters of Russian origin
▼ + stars: | 2024-06-15 | by ( Cameron Manley | ) www.businessinsider.com time to read: 1 min

TanksA US-made M1 Abrams tank (L) and a Russian-made T-72 (R) Getty ImagesThe US delivered 31 M1 Abrams tanks to Ukraine in the fall of last year. More surprisingly, Ukraine has received 45 tanks of Russian origin from the US, 14 more than the US's own Abrams. These T-72B tanks are cheaper and less advanced than the US-made Abrams. The Abrams were a major addition to Ukraine's arsenal of mostly aging Soviet armor and augmented previous deliveries of the German-made Leopard tanks and British Challengers. Robert Greenway, a Hudson Institute expert who served in the Army with the Abrams, previously told Business Insider that the Abrams "can do other things, but it's built to kill tanks."

Persons: Abrams, Robert Greenway Organizations: Abrams, British, Hudson Institute, Army Locations: Russian, Ukraine

☆ Investors are hoarding cash, a tidal wave of non-tech earnings is quietly rising, and 3 other fascinating takeaways from JPMorgan Asset Management's mid-year outlook
▼ + stars: | 2024-06-15 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Since then, those technology titans have crushed the rest of the market in earnings growth and returns. By contrast, the other 493 stocks in the S&P 500 saw their earnings fall in 2023. The firm is calling for 17% earnings growth in the fourth quarter, both for stocks in and out of the Magnificent 7. All 11 market sectors will enjoy earnings growth in Q4 for the first time since Q2 of 2021, according to JPMAM's projections. That includes healthcare, energy, and materials, which saw earnings decline earlier this year.

Persons: Tesla, Stocks, Santos, JPMAM Organizations: Asset Management, Apple, Meta, Microsoft, Nvidia

☆ Washington Post Publisher and Incoming Editor Are Said to Have Used Stolen Records in Britain
▼ + stars: | 2024-06-15 | by ( Justin Scheck | Jo Becker | ) www.nytimes.com time to read: +1 min

The publisher and incoming editor of The Washington Post used fraudulently obtained phone and company records in newspaper articles as journalists in London, according to a former colleague, the published account of a private investigator and an analysis of newspaper archives. Will Lewis, The Post’s publisher, assigned one of the articles in 2004 as business editor of The Sunday Times. Another was written by Robert Winnett, whom Mr. Lewis recently announced as The Post’s next executive editor. The use of deception, hacking and fraud is at the heart of a long-running British newspaper scandal, one that toppled a major tabloid in 2010 and led to years of lawsuits by celebrities who said that reporters improperly obtained their personal documents and voice mail messages. Mr. Lewis has maintained that his only involvement in the controversy was helping to root out problematic behavior after the fact, while working for Rupert Murdoch’s News Corporation.

Persons: Will Lewis, Robert Winnett, Lewis, Rupert Organizations: The Washington Post, Sunday Times, Rupert Murdoch’s News Corporation Locations: London

☆ A famed economist who called the 2008 recession shares 3 ways stocks resemble some of the biggest bubbles in history — and warns 2 'bona fide' recession signals showed up in May's jobs data
▼ + stars: | 2024-06-15 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Investors are currently reveling in the 'better', as an ongoing eight-month melt-up once again pushed the S&P 500 to fresh highs this week. But sooner or later, the 'worse' will come, warns David Rosenberg, the founder of Rosenberg Research, who famously called the 2008 recession while working as Merrill Lynch's chief economist. AdvertisementAnother sign the market is out over its skis is the performance divergence between the market cap-weight and the equal-weighted S&P 500 indexes. On June 12, the Dow underperformed the S&P 500 by 0.94%, one of only 71 trading days since 1982 where that's happened, according to Rosenberg's technical analysis consultant, Walter Murphy. AdvertisementIn addition to concerning market technicals, fundamentals could also be in a troubling place in the form of labor market weakness, Rosenberg said.

Persons: —, David Rosenberg, Merrill Lynch's, Rosenberg, Bob Farrell, Walter Murphy, Murphy, — Rosenberg, it's, Louis Fed, Piper Sandler Organizations: Service, Rosenberg Research, Business, Tech, Dow Jones, Dow, Nvidia, Microsoft, Apple, Federal Locations: lockstep

☆ Elevated interest rates are creating the best entry point in decades for a severely discounted index expected to see an explosive upside of up to 100% as rates drop
▼ + stars: | 2024-06-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

At the turn of the year, the market was banking on six rate cuts beginning in March. Advertisement"The valuation ratio from small caps to large caps right now is at a 24-year low. This is probably one of the best entry points into small and mid-cap stocks," Ewing said. He added that when the Fed starts cutting rates, small caps have historically outperformed. Morningstar holds steady to its expectation of two rate cuts of 25 basis points each for 2024.

Persons: Jerome Powell, James St . Aubin, Brett Ewing, you've, we're, Ewing, haven't, David Sekera, Russell, Sekera Organizations: Service, Federal, Market Committee, Sierra Funds, Fed, Morningstar

☆ Princess of Wales Appears in Public for First Time Since Cancer Diagnosis
▼ + stars: | 2024-06-15 | by ( Stephen Castle | ) www.nytimes.com time to read: +1 min

Catherine, Princess of Wales, appeared in public on Saturday for the first time since her cancer diagnosis, smiling while riding in a carriage with her three children, as she took part in a ceremonial parade to celebrate the birthday of her father-in-law, King Charles III. Crowds gathered in central London to watch as the princess and her family participated in an event full of military tradition, music and pageantry, dampened only slightly by a light rain. “I am making good progress, but as anyone going through chemotherapy will know, there are good days and bad days,” Catherine, 42, said in a statement released to the media. “On those bad days you feel weak, tired and you have to give in to your body resting,” she added. “But on the good days, when you feel stronger, you want to make the most of feeling well.”

Persons: Catherine, Princess of Wales, King Charles III ., King Charles, “, ” Catherine Locations: London

☆ Nvidia CEO: One of the most 'profound learnings in my life' came from a gardener—how it made me successful
▼ + stars: | 2024-06-15 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Jensen Huang's biggest career lesson didn't come from a mentor or a fellow tech CEO. "I used to work from one of our international sites for one month each summer," Huang, the billionaire co-founder and CEO of computer chip company Nvidia, said during a commencement speech at the California Institute of Technology on Friday. While there, Huang came across a man working in a vast garden. Their interaction was brief, but the gardener's words became one of the "most profound learnings in my life," Huang said. This gardener has dedicated himself to his craft and doing his life's work.

Persons: Jensen, didn't, Huang Organizations: Nvidia, California Institute of Technology Locations: Japan, Kyoto

☆ Sweden and Iran exchange prisoners in breakthrough deal, officials say
▼ + stars: | 2024-06-15 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

Stockholm Reuters —Sweden and Iran carried out a prisoner exchange on Saturday, officials said, with Sweden freeing a former Iranian official convicted for his role in a mass execution in the 1980s while Iran released two Swedes being held there. “Iran used them both as pawns in a cynical negotiations game with the purpose of getting the Iranian citizen Hamid Noury released from prison in Sweden. Noury was freed in a prisoner swap with Iran, Sweden said on Saturday. Swedish-Iranian dual national Saeed Azizi was arrested in Iran in November 2023 on what Sweden called “wrongful grounds.”Another Swedish-Iranian dual national, Ahmadreza Djalali, arrested in 2016, remains in an Iranian jail. An emergency medicine doctor, Djalali was arrested in 2016 while on an academic visit to Iran.

Persons: Hamid Noury, Noury, Ulf Kristersson, Johan Floderus, Saeed Azizi, ” Kristersson, Kristersson, Anders Humlebo, Ahmadreza Djalali, Djalali Organizations: Stockholm Reuters —, Swedish, TT, Agency, AFP, Getty, National Council of Resistance, Islamic, European Union Locations: Stockholm, Stockholm Reuters — Sweden, Iran, Sweden, Oman, Tehran, ”, “ Iran, Karaj, Islamic Republic, Floderus, Israel, Iranian, Swedish

Many forms of help are tied to the federal poverty line, which is calculated using a formula that has largely not been updated since the 1960s. The poverty line is calculated in an outdated wayThe current federal poverty line for the 48 contiguous states and Washington, DC, is $15,060 a year for one person, $20,440 for a family of two, and $31,200 for a family of four. Courtesy of Melissa HeddenMuch of the resistance to changing the federal poverty line could stem from the government's desire not to inflate the number of people in poverty overnight. AdvertisementRep. Kevin Mullin, a Democrat from California, has introduced legislation — called the Poverty Line Act— that would modernize the federal poverty line, taking into account actual costs of goods and how prices differ across regions. Do you make above the poverty line but not enough to meet your daily needs?

Persons: —, Jason Hopkins, Hopkins, he's, He's, doesn't, ALICE —, Nyx, Beth Jarosz, Kyle Ross, ALICE, Mollie Orshansky, Jarosz, Stephanie Hoopes, United For ALICE, they've, Melinda Binkley, Ryan Arbuckle, Louis, Oleg Parubin, Parubin, Melissa Hedden, Melissa, Ross, Biden, Kevin Mullin, Mullin, Michael Tubbs, Tubbs Organizations: Service, Business, America, Center for American Progress, Bureau of Labor Statistics, of Health, Human Services, Assistance, Women, Children, United For, SNAP, Bills, Senate Locations: Illinois, Washington, DC, Stillwater , Minnesota, St, Manhattan, Airbnbs, North Carolina, California, Stockon , California, Illinois —

Representatives from the warring nations held peace talks in the early weeks of the Russian invasion. It was the only time that Ukrainian and Russian officials are known to have engaged in direct peace talks. This includes the Crimean Peninsula, which Mr. Putin annexed in 2014 in a swift operation that he considers central to his legacy. At another point, Russia’s lead negotiator, Mr. Medinsky, interrupted a video conference by claiming that Mr. Putin was phoning him directly. There were signs that Mr. Putin was micromanaging not only the Russian invasion but also the peace talks.

Persons: Vladimir V, Putin, —, Putin’s, … ”, “, Oleksandr Chalyi, Mr, Vladimir Medinsky, Oleksii Reznikov, Vladimir Putin, Leonid Slutsky, Medinsky, ”, Aleksandr Fomin, Reznikov, Ukraine’s, … “, Sergey Ponomarev, Ukraine —, Andrzej Duda, Duda, Putin “, Recep Tayyip Erdogan, Murat Cetin Muhurdar, Russia’s, Zelensky, …, ‘, ’, Daniel Berehulak, Davyd Arakhamia, ” “, Roman Abramovich, ” Mr, Arakhamia, Abramovich, micromanaging, Nanna Heitmann, France —, Laetitia Vancon, Kamala Harris, Volodymyr Zelensky, “ Putin, Marc Weller, Russia “, Weller Organizations: The New York Times, Ukraine, Kremlin, NATO, “, Russian Federation, ”, European Union, West, Ministry, Times, Europe’s, Russian, Moscow, Donetsk People's, Nazi, U.S, Ukrainian, Turkish Presidential Press Service, Agence France, The Times, Russia, New York Times, stoke, Cambridge Locations: Ukraine, Russia, Moscow, Kyiv, Crimean, Switzerland, Ukrainian, Crimea, “ Ukraine, Republic of Crimea, Sevastopol, ”, … ” Russia, Russian, ” Russia, Istanbul, Geneva, Belarus, Western, Russia’s, Donetsk, Donetsk People's Republic, Luhansk People's Republic, Simferopol, Poland, Germany, France, European, Brussels, Turkish, Zelensky, “, Great Britain, China, United States, Turkey, Canada, Italy, Israel, Bucha, Washington, Swiss, Russians

☆ Opinion | J.D. Vance’s Strange Turn to 1876
▼ + stars: | 2024-06-15 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +1 min

This, in fact, was the argument made by Senator J.D. You would’ve actually tried to go to the states that had problems; you would try to marshal alternative slates of electors, like they did in the election of 1876. And then you have to actually prosecute that case; you have to make an argument to the American people.”Let’s look at what happened in 1876. Samuel Tilden of New York, won a majority of the national popular vote but fell one vote short of a majority in the Electoral College. In the three Southern states, where the elections were marred by fraud, violence and anti-Black intimidation, officials from both parties certified rival slates of electors.

Persons: Donald Trump’s, J.D, Vance of, Ross Douthat, Vance, ” Vance, analogized, “, would’ve, Samuel Tilden, Rutherford Hayes Organizations: Democrat, Gov, Electoral College, The Republican Locations: Vance of Ohio, New York, Florida , Louisiana , Oregon, South Carolina

☆ ‘We Need to Unite’: Protests Against the Far Right Are Held Across France
▼ + stars: | 2024-06-15 | by ( Catherine Porter | Liz Alderman | ) www.nytimes.com time to read: +1 min

Tens of thousands of demonstrators crowded onto French streets on Saturday to denounce the rise of the country’s far-right political party and call on fellow citizens to block it from taking power in snap parliamentary elections set by President Emmanuel Macron. The protests, organized by the country’s five biggest labor unions, were widely supported by human rights associations, activists, artists and backers of a newly formed left-wing coalition of political parties, the New Popular Front. Most protesters painted a dark picture of the country under a far-right prime minister. “For the first time since the Vichy regime, the extreme right could prevail again in France,” Olivier Faure, the leader of the Socialist Party, said while addressing the crowd in Paris. That prospect brought out of retirement former President François Hollande, who announced on Saturday that he would run for legislative elections to help ensure that the far right would not take power.

Persons: Emmanuel Macron, ” Olivier Faure, François Hollande Organizations: Socialist Party Locations: Vichy, France, Paris

☆ Progressive Democrats Scramble to Save One of Their Stars From Defeat
▼ + stars: | 2024-06-15 | by ( Nicholas Fandos | ) www.nytimes.com time to read: +1 min

Representative Alexandria Ocasio-Cortez of New York has declared the race her most pressing electoral priority. Senator Bernie Sanders of Vermont is slated to join her for a pre-election rally in the Bronx. And a powerful pro-Israel lobby working for the other side has already shattered spending records. On one side, nearly the entire local Democratic establishment, including Mr. Sanders’s 2016 rival, Hillary Clinton, has lined up behind Mr. Latimer, the Westchester County executive. So has the American Israel Public Affairs Committee, a pro-Israel lobby that has already spent $12 million — more than any other race in its history — to try to defeat Mr.

Persons: Alexandria Ocasio, Cortez, Bernie Sanders, Jamaal Bowman, George Latimer, Sanders’s, Hillary Clinton, Latimer, —, Bowman, Israel Organizations: Democratic, American Israel Public Affairs Committee Locations: Cortez of New York, Vermont, Bronx, Israel, New York, Westchester County

☆ Take a look at some of the coolest new AI features announced by Apple that you may have missed
▼ + stars: | 2024-06-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewTim Cook unveiled Apple's generative AI strategy, which it calls "Apple Intelligence," at its Worldwide Developer Conference earlier this week. At its biggest conference, Apple revealed a bunch of cool AI features that will be launched through its upcoming software update, iOS 18, and on its latest Mac and iPad operating systems. Apple said Mail is also getting a "Smart Reply" boost, which will offer suggestions for automatic responses. It will also have a "Reduce Interruptions" feature that Apple says will "help users stay present" in whatever they are focused on. Record and transcribe audio files in the Notes appNotes is getting an AI boost.

Persons: —, Tim Cook, Apple, Siri, Siri's, You'll Organizations: Service, Apple Intelligence, Worldwide, Apple, OpenAI, Business

☆ There may not be many of them. But these Southern lesbian bars are still finding ways to thrive
▼ + stars: | 2024-06-15 | by ( Leah Asmelash | ) edition.cnn.com time to read: +14 min

While not an official tally, the Lesbian Bar Project aims to amplify and keep track of these spaces, which can register with the project. In the South, The Lipstick Lounge, Tennessee’s only bar registered with the Lesbian Bar Project, is in Nashville’s hip East End neighborhood. By the end of Burton’s trip, she found that the narrative of “dying lesbian bars” was maybe not totally accurate. “Sometimes it’s a physical shift from a lesbian bar to a bar that sometimes holds … queer or lesbian nights,” Burton said. Though the two are married, they don't classify their bar as a lesbian bar.

Persons: Sade, Tracy Chapman croon, Erin Karcher, “, Karcher, Joy Carter, ” Carter, it’s, ” Karcher, Lillian Faderman, you’re, “ We’re, ”, ” There’s, We’re, Krista Burton, Moby Dyke, —, isn’t, ” Burton, Burton, bartenders, Sue Ellen’s, Shamecca, they’ve, who’ve, ” Le’Teshia, Herz, Kimberly McKeand, CBS42, Le’Teshia, Christa Suppan, ” Suppan Organizations: CNN, Durham Performing Arts Center, Lesbian, Nucleus, Lesbian Bar, Gallup, Stonewall, Mobile Locations: Durham, Raleigh, North Carolina , Texas, Tennessee, Chicago, San Francisco, Durham , North Carolina, Georgia, Atlanta, Washington, North Carolina, New York, Seattle, America, Herz, Mobile , Alabama, Tulsa , Oklahoma, Dallas, Richmond , Virginia, Mobile, Gulf, Florida, Mississippi, ”, Virginia, Richmond

☆ Bitcoin will hit $500,000 by the end of this decade as ETF demand booms, Bernstein says
▼ + stars: | 2024-06-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Bitcoin is predicted to hit $500,000 by 2029, according to Bernstein. The bullish outlook is driven by a sustained boom in demand for bitcoin ETFs, combined with constrained supply. AdvertisementThe price of bitcoin is set to soar to $500,000 by the end of the decade, according to a recent note from Bernstein. Advertisement"This is led by unprecedented Bitcoin demand ($190Bn AUM in 2025E vs. $60Bn today) via ETFs run by the world's leading asset managers, and Bitcoin supply being constrained," Bernstein said. Bernstein argues that MicroStrategy deserves the premium valuation as it offers investors an "active-leveraged" strategy compared to passive bitcoin ETFs.

Persons: Bitcoin, Bernstein, —, Gautam Chhugani, Mahika Sapra, bitcoin, Chhugani, Sapra, MicroStrategy Organizations: Service, BTC

☆ The AI boom is unraveling the most dominant tech trade of the last decade
▼ + stars: | 2024-06-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Software stocks have been slammed this year after a long period of strong performance. Meanwhile, hardware stocks are reaping the benefits of the AI boom as their profits soar. AdvertisementYear-to-date, hardware tech stocks are outperforming software tech stocks by a whopping 30 percentage points. AdvertisementThis dynamic means that hardware stocks will continue to outperform software stocks through 2025, according to Mortonson. "The moats that some of the software companies, not all but some, have around their businesses are not going to be quite as high.

Persons: Ted Mortonson, —, Baird, Mortonson, It's, Larry Tentarelli, Chip, Steve Eisman, Eisman Organizations: Service, Software, NYSE Arca, Dow Jones US Software, Nvidia, AMD, Micro Computer, Broadcom, Dell, Chip Daily, CNBC Locations: Salesforce, Snowflake

☆ trooping the colour princess kate: Catherine, Princess of Wales to attend King’s birthday celebration
▼ + stars: | 2024-06-15 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

London CNN —Catherine, Princess of Wales is to take part the Trooping the Colour celebration on Saturday - the King’s official birthday parade - in what will be her first public appearance since revealing her cancer diagnoses. The Princess of Wales - also known as Kate - will watch the rest of the parade with her family nearby, and is expected to join fellow royals on the balcony. The event - one of the highlights of the royal calendar - is a tradition marking the official birthday of the British sovereign for more than 260 years. Britain’s Kings and Queens have doubled up on their festivities since the 18th century, holding both a public celebration – the official birthday – and a more private event on the real date. Three of the British Army’s horses which bolted across in London in April have returned to duty and are expected to take part in this weekend’s birthday parade.

Persons: London CNN — Catherine, Princess, “, ” King Charles III, Britain’s, King George II, Charles III, George, King Charles, Ascot landau, Queen Camilla . Three Organizations: London CNN, Guard’s, Queens Locations: Wales, London, Buckingham Palace, British, Britain’s Kings, Ascot

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