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☆ Nuggets stand between Heat, history in NBA Finals
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] May 27, 2023; Miami, Florida, USA; Miami Heat forward Jimmy Butler (22) looks to the score board in the second quarter during game six of the Eastern Conference Finals for the 2023 NBA playoffs at Kaseya Center. Mandatory Credit: Rich Storry-USA TODAY SportsMay 31 (Reuters) - The Miami Heat have the chance to make history when the NBA Finals kick off on Thursday, facing a well-rested Denver Nuggets squad that is uninterested in letting the Heat's Cinderella story go any further. "We don't play just to win the Eastern Conference, we play to win the whole thing." "You get to the NBA Finals, it's not about seeding anymore. The NBA Finals kick off on Thursday at 8:30 p.m.

Persons: Jimmy Butler, Rich Storry, Larry O'Brien, Tyler Herro, Mark Jackson, Nikola Jokic's, oddsmakers, Michael Malone, Malone, it's, Amy Tennery, Chris Reese Organizations: Miami Heat, Eastern, Kaseya Center, NBA, Denver Nuggets, Milwaukee Bucks, New York Knicks, Boston Celtics, Eastern Conference, ABC NBA, Nikola Jokic's Nuggets, Los Angeles Lakers, Nuggets, Milwaukee, Ball, Thomson Locations: Miami , Florida, USA, Miami, New York

☆ Bernie Sanders vows to vote against Biden and McCarthy's 'totally unnecessary' debt-ceiling deal, saying that the best thing about the bill is 'it could have been much worse'
▼ + stars: | 2023-05-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Sen. Bernie Sanders said on Wednesday he will vote against the debt-ceiling bill. He said he cannot support legislation that harms student-loan borrowers and restricts nutritional benefits. "The best thing to be said about the current deal on the debt ceiling is that it could have been much worse," Sanders said in the statement. "President Biden and Speaker McCarthy's agreement will protect the economy and eliminate the threat of a catastrophic default. McConnell also wrote that McCarthy "and House Republicans secured a crucial first step toward bringing Washington Democrats' reckless spending to heel.

Persons: Sen, Bernie Sanders, —, Vermont Sen, Kevin McCarthy, Joe Biden's, McCarthy, Biden, Sanders, Chuck Schumer, Mitch McConnell, Schumer, McConnell Organizations: Service, Vermont, Congressional, Office, SNAP, Twitter, House Republicans, Washington Democrats

☆ Flying the F-16 in Ukraine is 'high risk,' and Kyiv's air forces can't just fly the fighter jet headlong into Russia's defenses
▼ + stars: | 2023-05-27 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +11 min

If Kyiv's air forces get the jet as expected, they won't be able to fly them directly at Russian defenses. "And nobody's advocating for that," an air power expert told Insider. Regardless of which jet Ukraine gets, putting fourth-generation air power like the F-16 into a high-intensity conflict is "high risk," Birkey said. A pair of US Air Force F-16 Fighting Falcons US Air Force photo by Staff Sgt. In a recent opinion article for Air and Space Forces Magazine, Larry Stutzriem, a retired Air Force major general and former F-16 pilot, pointed to an Israeli Air Force operation against well-defended Syrian targets in Lebanon in 1982.

LAKE CHARLES, La., May 18 (Reuters) - In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate for spending cuts. As a member of the hard-right Freedom Caucus, Higgins was an early advocate for dramatic spending cuts, many of which ended up in the House bill. He hopes the spending cuts backed by Higgins won't affect local efforts to provide affordable housing. When it comes to spending, Higgins has been a solid "no" in Washington. For some local residents, Higgins' push for spending cuts in the face of so much need remains incomprehensible.

☆ Paul Tudor Jones says the Fed is done raising rates, stocks to finish the year higher from here
▼ + stars: | 2023-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire hedge fund manager Paul Tudor Jones believes the Federal Reserve has finished raising interest rates in its fight against inflation, and the stock market could grind higher this year. "I definitely think they are done," Jones said on CNBC's "Squawk Box" of the Fed's rate-hiking campaign. The central bank has hiked interest rates 10 times since March 2022, taking the fed funds rate to a target range of 5%-5.25%, the highest since August 2007. Jones shot to fame after he predicted and profited from the 1987 stock market crash. "We have no IPOs, no calendar, no secondaries, valuations are at 19 but nobody's rushing to offer so clearly, something is going on internally in the stock market," Jones said.

☆ The housing market has frozen over. Here's why experts say home affordability isn't getting better any time soon.
▼ + stars: | 2023-05-13 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The housing market is frozen, and affordability is unlikely to get better soon, experts told Insider. Activity has slowed thanks to high mortgage rates, which have pushed both buyers and sellers out of the market. That's largely because the Federal Reserve is expected to keep interest rates high over the next year, which will influence mortgage rates to stay elevated. Housing in limboIt's a precarious time for the US housing market, with activity slowing significantly in recent months as the Fed aggressively hiked interest rates. Mortgage rates — and likewise, home affordability — will hinge on the Fed's future interest rate moves and any subsequent volatility in rate markets.

☆ 'Ordinals' could signal the beginning of a new generation for Bitcoin. Here's what investors need to know
▼ + stars: | 2023-05-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

"In a way, Bitcoin Ordinals add more diversity and utility to the Bitcoin network, which could elevate the Bitcoin network utility to that of other blockchains, such as Ethereum." There's one population in crypto, however, who have long believed the Bitcoin network could and must do more than that. Binance cited Bitcoin network congestion on Sunday as the reason for pausing withdrawals, and bitcoin dropped 7% between then and Monday. "Congestion, or lots of demand for the block space, is not just good, it's a critical thing for the future of Bitcoin," Miller added. A sneak peek Ordinals and spikes in transaction fees are just a glimpse of what may be on the horizon.

☆ Meet a mom with $610,000 in student debt who still can't separate her balance from her ex-husband's 8 years after their divorce: 'This one thing is still holding me stuck to him'
▼ + stars: | 2023-05-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Dawn Rose, 53, has $610,000 in student debt after combining balances with her then-husband in 1999. They divorced in 2015, but Rose is stuck paying off her ex-husband's debt. After taking out student loans for four semesters of college, Rose said her husband — now ex-husband — was finishing his master's degree, which was also financed by student loans. Now Rose is stuck paying off $610,000 in student debt, per documents reviewed by Insider — the majority of which she said belonged to her ex-husband. Dawn Rose, 53, has $610,000 in student debt.

☆ IBM chief says employees' careers could suffer and promotions may be harder to achieve if they work from home
▼ + stars: | 2023-05-05 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

IBM CEO Arvind Krishna says employees' careers could suffer if they work from home, per Bloomberg. He said some remote workers may struggle to get promoted, especially to managerial roles. Krishna has encouraged IBM workers to return to the office for three days a week, per the outlet. He added that remote workers don't learn skills normally acquired in person, such as dealing with difficult clients, Bloomberg reported. A spokesperson previously told Insider that there was no blanket hiring "pause" and the company was being deliberate and thoughtful in its hiring.

☆ 'Hey Netflix! You broke it — now fix it': On the picket lines with Hollywood writers as they bring signs, slogans, and sunscreen to their fight against the studios for 'as long as it takes'
▼ + stars: | 2023-05-03 | by ( Reed Alexander | Alison Brower | ) www.businessinsider.com time to read: +12 min

A writers' strike has been underway since overnight Monday. Thousands of Hollywood writers have fanned out across the streets of Los Angeles since early Tuesday afternoon, waving signs and chanting to demonstrate their resolve. Insider spoke with eight WGA members who are picketing or contributing to the work stoppage in other ways. Are you a member of the Writers Guild of America or do you work in the entertainment industry? How is the writers' strike impacting you?

☆ 5 real estate investors who started with low credit scores or zero credit at all share 4 strategies they used to boost their credit and buy their first homes
▼ + stars: | 2023-04-29 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

Insider has spoken to successful real estate investors who started with terrible credit, or no credit at all, and still managed to buy investment properties. Like many young students, they didn't fully understand how credit worked and ended up racking up credit card debt. Apply for a secured credit card and pay your bills on timeWithout any credit history, Afzal couldn't open a regular credit card. Instead, he had to start by getting a secured credit card, which is a starter card that doesn't require a credit history or credit score. The credit card company will hold that money as collateral if you end up defaulting your card.

To curb Moscow's oil revenues following the Ukraine war, the Group of Seven Nations, the European Union and Australia imposed price caps on Russian crude and oil products from December and February, respectively. Lars Lange, secretary general of the International Union of Marine Insurance said: "We are definitely not able to assess the oil prices of shipments." "I get an attestation, which is a compliance with the price cap, but I know actually that something different is happening in the background...and this is something where no law can prepare you for these particular cases." HEIGHTENED SAFETY RISKSIn addition to risks of violating sanctions, the growing "shadow or dark fleet" - tankers purchased by states to deliver Russian oil - has increased safety risks for the shipping sector, the executives said. "I don't have a solution regarding the shadow fleet.

☆ Meta just suffered a major Facebook ad glitch that has advertisers asking about refunds
▼ + stars: | 2023-04-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +6 min

Michael Nagle | Bloomberg | Getty ImagesOver the weekend, Alex Gorlick experienced what he called the worst Facebook glitch he's seen in the decade he's worked in digital advertising. A spokesperson for Facebook parent Meta acknowledged there was an ad glitch but declined to provide details or an explanation as to why it happened. Additionally, the Facebook ad bug impacted companies running ads tied to Earth Day. Hott noted that Facebook experienced a major ad glitch a day before Black Friday in 2020 as well as another similar bug earlier that summer. The main issue for advertisers will be whether they get refunds from Meta because of the glitch, industry experts said.

☆ Saliba struggling to return to Arsenal title fight
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +3 min

LONDON, April 20 (Reuters) - Defender William Saliba is struggling to return to Arsenal's Premier League title run-in because of a back injury while Oleksandr Zinchenko is also a doubt for Friday's crucial home game against bottom club Southampton. Frenchman Saliba, who has impressed this season after returning from a loan spell with Marseille, has not played for a month and manager Mikel Arteta is concerned. Regarding William, we still have to wait a little bit more," Arteta told reporters on Thursday. Zinchenko has a groin injury and Arteta says the former Manchester City player "needs some more time to heal". "The rewards maybe haven't been there in terms of results in some games but they are a really good team."

☆ New propellers with looped blades could help make the oceans quiet again, sparing both marine life and the climate
▼ + stars: | 2023-04-19 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

Sharrow Marine sells them for small boats but would need to scale up to reach the shipping industry. A traditional ship propeller that has blades in a screw-like form. That's what Sebastian realized when he put loop propellers on a drone. Sharrow began selling propellers to recreational boaters in 2020 through a company he founded called Sharrow Marine. Testing led by the company BoatTEST found that the Sharrow Propeller was up to 30% more efficient than a standard blade propeller.

The new world order is pushing aerospace and defense stocks higher, for better or for worse, says Ritholtz Wealth Management CEO Josh Brown. Shares of defense contractor Lockheed Martin were up 2.7% to a record on Tuesday afternoon. He added that a "rejiggering" of the geopolitical landscape in other regions, such as East Asia, has also led to defense stocks having a breakout moment. "Outside of Boeing, everything else in this thing makes helicopters and missiles," Brown said, speaking about the ITA. ITA LMT 1Y mountain iTA ETF and Lockheed Martin shares are up Correction: Josh Brown is CEO of Ritholtz Wealth Management.

☆ Dominion’s case against Fox News goes to trial next week. Is the First Amendment really on the line?
▼ + stars: | 2023-04-16 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +21 min

But even by the standards of the profession, the language in Dominion's $1.6 billion lawsuit against Fox News has been downright apocalyptic. A victory for Dominion against Fox, they say, could wreak havoc for other journalism organizations across the country. The sheer closeness between Trump and Fox News makes a case like this unlikely to harm journalism organizations down the line, Goodale said. The vast majority of defamation cases against media organizations are settled, which gives few high-profile precedents to the Dominion lawsuit. "And that's the balance that the Sullivan court strike tried to strike in 1964.

☆ Florida is ground zero for moving scams where companies demand extra fees — or steal your stuff
▼ + stars: | 2023-04-12 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Moving company scams are on the rise, and almost half originate in Florida. But the Sunshine State is also increasingly home to scammers operating fraudulent moving companies targeting Florida residents and people across the country. No one's regulating," Susan Chana Lask, a New York-based consumer rights attorney who settled a lawsuit last year with a Florida-based moving company, told Insider. Her office announced last November that it had shut down 19 fraudulent moving companies and recovered $27 million in fines and restitution from the scammers. The sharp increase in moving scams across the country has also prompted the Biden administration to announce it's taking action.

☆ Russian travelers say they fear one question: ‘Where are you from?’
▼ + stars: | 2023-04-10 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +7 min

Another Russian traveler, Lana, also asked that we not use her full name over fears of retaliation from Russian authorities. "Back then, when you say 'I'm from Russia,' the first thing people say is vodka, bears, Matryoshka [dolls], and all that innocent stuff," she said. Anna said telling new people she's Russian has "always been tricky, to be honest, even before the war." Source: Julia AzarovaSince leaving Russia, Azarova said she's not had any confrontations over her nationality. Now she's now no longer afraid to say she's Russian, she said, namely because she can't do anything about it.

☆ Gary Vaynerchuk to managers: Forget a 4-day workweek. If you want to make your people happy, fire the jerks.
▼ + stars: | 2023-04-06 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

Gary Vaynerchuk said companies should fire the "assholes" creating "toxic" work environments. He has also said recently that companies need to appeal to Gen Z better, given their many work options. In TikToks posted this week, Vaynerchuk railed against "toxic work environments," slamming companies for retaining employees and management that compromise the "joy" of their staff members. "Joy doesn't come from four-hour workweeks," Vaynerchuk said in one video, seeming to reference the current movement for a four-day workweek. And Vaynerchuk is betting that people also want to be treated right while on the clock.

☆ Elon Musk wants to pause 'dangerous' AI development. Bill Gates disagrees—and he's not the only one
▼ + stars: | 2023-04-06 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

AI developers, prominent AI ethicists and even Microsoft co-founder Bill Gates have spent the past week defending their work. "I don't think asking one particular group to pause solves the challenges," Gates told Reuters on Monday. A pause would be difficult to enforce across a global industry, Gates added — though he agreed that the industry needs more research to "identify the tricky areas." That's what makes the debate interesting, experts say: The open letter may cite some legitimate concerns, but its proposed solution seems impossible to achieve. It noted in its blog post that future AI systems could become "much more powerful" over the next decade, and building guardrails now could "help reduce risks" down the road.

☆ 20-year-old real estate investors who started with less than $1,000 in savings and couldn't qualify for a traditional loan explain the strategy they used to buy property without the bank's help
▼ + stars: | 2023-04-05 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

When Caleb Hommel and Chuck Sotelo decided to invest in real estate, they didn't have any savings. They were still in junior college at the time and delivering food to pay for an online real estate mentorship program. With seller financing, there are no pre-qualifications since it's a completely private loan. They're no longer responsible for managing the property or tenants, which can be time-consuming responsibilities that come with traditional real estate investing. Part of the reason seller financing isn't super common is because most people don't own their properties completely, she said.

☆ 'SVB's failure could and should have been prevented': Experts argue for better regulation and supervision by the Fed
▼ + stars: | 2023-04-03 | by ( Juhohn Lee | ) www.cnbc.com time to read: +2 min

Like any other trusted institutions, banks are capable of failing. "Silicon Valley Bank's failure could and should have been prevented by better regulation and supervision by the Federal Reserve," said Aaron Klein, a senior fellow of economic studies at the Brookings Institution. "What happened in Dodd-Frank was they said that all banks over $50 billion would be subject to enhanced prudential standards," explained Klein. "The rollback said nobody's subject to that between $50 billion and $100 billion, and between $100 billion and $250 billion, it is optional." "SVB happened to fall in that category of between $50 billion and $250 billion so when they raised that, they weren't subject to this great scrutiny," said Chittenden.

☆ 20-year-old college dropouts explain how they built a 28-unit real estate portfolio with less than $1,000 in savings combined
▼ + stars: | 2023-04-01 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Caleb Hommel and Chuck Sotelo didn't have any savings when they decided to invest in real estate. It was during the thick of the pandemic that they started thinking about investing in real estate. If they can invest in real estate, anyone can, emphasized Sotelo: "We had no experience in real estate. We didn't have any credit, we didn't have any money, and we didn't really have any connections before we started networking during junior college. A lot of people are in better spots than that, so I definitely think anybody can get started in real estate.

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