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☆ A stretch of Florida beaches has soared from a lesser-known gem to 'the Hamptons of the South'
▼ + stars: | 2024-08-24 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. A decade ago, those visitors were mostly from Southern cities within driving distance, like Atlanta and Nashville, local real-estate agent Beau Blankenship told Business Insider. Sunset over Rosemary Beach, Florida, in 30A. The boom, Stewart told Business Insider, had two inflection points. Advertisement"There'd be a few vacant lots, and then a house surrounded by trees and brush," he told Business Insider.

Persons: —, Mexico —, Beau Blankenship, It's, Rosemary, Barry Winiker, Blankenship, Alys, Christian Blouin, Kemp Stewart, Rosemary Beach, Stewart, Truman, Kemp, hasn't Organizations: Service, Panama City Beach, Business, Hamptons, Street, The New York Times, Management, BI Locations: Florida, Rosemary, Seaside, Santa Rosa, Mexico, Destin, Panama, Southern, Atlanta, Nashville, Salt Lake City , Utah , Colorado, Walton County, Rosemary Beach , Florida, Inlet Beach, Chicago, Montana, Santa Rosa Beach, Oklahoma, Alys

☆ Classic car sales stall in Monterey auctions as new generation takes charge
▼ + stars: | 2024-08-23 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Auction sales during Monterey Car Week fell 3% from last year, as a shift from older to newer cars left a pileup of unsold classics from the 1950s and 1960s. Of the 1,143 cars up for sale, only 821 sold — marking a 72% sell-through rate, according to Hagerty. There were simply too many similar cars at too many auctions to generate strong prices and sales. "It's saturation," said Simon Kidston, the founder of Kidston and a leading advisor to wealthy car collectors. At the same time, a new generation of collectors driving the market — mainly Gen Xers and millennials — prefer cars from the 1980s, 1990s and 2000s.

Persons: Robert Frank, Bonhams —, Simon Kidston, Xers, millennials Organizations: Monterey Car, Arrow, Gooding & Company, Ferraris, Credit, Gooding, Company, Ferrari, Sotheby’s Locations: Monterey —, Monterey

☆ National Cheap Flight Day: Follow these 3 tips to find affordable airfare
▼ + stars: | 2024-08-23 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

With the peak summer travel season winding down, it's time for National Cheap Flight Day. "There's no specific day where flights are going to be at their cheapest," Katy Nastro, a travel expert at Going, tells CNBC Make. Instead, Nastro says that the best time to book air travel will always be in relation to when you're planning on flying. Here are three travel expert-approved tips for National Cheap Flights Day. They're watching data, they're watching traveler behavior and they're mapping out these pockets where they can be super competitive," she says.

Persons: Katy Nastro, That's, Nastro, it's, Gemma Jamieson, Skyscanner's, we're Organizations: CNBC, Google, Airlines

☆ I Work at Yellowstone With Free Housing, Meals, and 3-Day Weekends
▼ + stars: | 2024-08-23 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with Josie Weaver, a 28-year-old employee at Yellowstone National Park. AdvertisementMammoth Hot Springs Employee Prom 2023. Me and my friend group on a Yellowstone employee ski trip to Grand Targhee. Josie WeaverSome aspects of the lifestyle can make it hard to build rootsRelationships move quickly here because we all live and work together. I've had a lot of friends who met here and got married and now have Yellowstone babies which is cool.

Persons: —, Josie Weaver, I'm, It's, There's, I've, you'll, it's, that's Organizations: Service, Business, Yellowstone's Locations: Gallatin, Middle Teton, Dunanda, Yellowstone

☆ Private jet flights are down 15% in two years as Covid-era demand wanes
▼ + stars: | 2024-08-16 | by ( Robert Frank | ) www.cnbc.com time to read: +7 min

Private jet flights fell 15% in the first half of the year compared with their peak in 2022, as the industry grapples with waning demand and a new competitive landscape for high-end travel. Despite a short boost from the Summer Olympics, with a record 713 private jet flights to Paris the last week of July, the private jet industry continues to lose altitude this travel season. Jet It, a large U.S. private jet operator, shut down last year after grounding its fleet of Phenom 300s, Gulfstream G150s and HondaJets. Private jet passengers who paid six figures for flights started facing delays and cancellations as operators couldn’t buy or lease planes fast enough. “Prices are about 20% higher than they were in 2019,” Private Jet Card Comparisons' Gollan said.

Persons: Washington's, J, David Ake, Robert Frank, Covid, Rob Wiesenthal, George Mattson, VistaJet, Thomas Flohr, Doug Gollan, ”, Jay Duckson, —, ‘, I’m, Gollan, Travis Kuhn, “ It’s, ” Gollan, Berkshire Hathaway, ” Kuhn, “ Organizations: Gulfstream, Washington's Reagan National Airport, Getty, Private, Summer, Argus International, Blade Air Mobility, Delta Air Lines, CNBC, Industry, Central Business Jets, Companies, Jefferies, Argus, Berkshire Locations: Arlington , Virginia, Paris, U.S, Covid, Argus, “

☆ I've lived in Catalonia for 8 years. There are 5 things tourists should know before traveling to this part of Spain.
▼ + stars: | 2024-08-14 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +6 min

Read previewIf your idea of Spain is eating paella, dancing flamenco, and improving your Spanish, Catalonia might surprise you. The main language in Catalonia is CatalanAlthough Spanish is the most common language and almost everyone is bilingual, Catalan is the main language outside Barcelona. Catalan paella is different from what you find in the rest of the country. Catalan paella is dark brown in color, much more seafood heavy, and never contains vegetables. You'll want to branch out into Catalan winesMany people think of rioja when they think of Spanish wine.

Persons: —, we'd, you'd, Nicola Prentis, There's, paella, Rice, sommelier, Champagne ., it's, Caga, haven't, It's Organizations: Service, Business, Catalans, La, UNESCO Intangible Cultural Heritage Locations: Spain, Catalonia, Barcelona, Madrid, Girona, Catalan, Spanish, Valencia, mayo, Cava, rioja, La Rioja, Priorat, Tarragona, Champagne

☆ Late-Summer Travel Plans? You Might Want to Put On a Mask.
▼ + stars: | 2024-08-14 | by ( Ceylan Yeğinsu | Dani Blum | ) www.nytimes.com time to read: +1 min

Yet throughout the United States, Covid-19 is currently circulating at very high levels. Since the end of the mandate, and as travel has returned to or surpassed prepandemic levels, most travelers have abandoned preventive measures, particularly masks. Here’s what you need to know about masks and your travel plans. The number of reported cases appears to be climbing both in the United States and abroad. In the United States, there are “very high” levels of the virus in wastewater samples nationwide, according to the Centers for Disease Control and Prevention.

Organizations: Centers for Disease Control, World Health Organization Locations: United States

Inflation: Trump said, “I think we have the worst inflation we’ve had in 100 years. They say it’s 48 years, I don’t believe it.”Facts First: Trump framed this as an opinion, but it’s baseless – wrong in two different ways. Harris and prisoners: Trump claimed “(Harris) wants to release all the prisoners that are in detention, and some of these guys are really bad. Migration numbers: Trump claimed that, under Biden and Harris, “you have millions of people coming in a month.”Facts First: This is false. Trump’s tax cuts: Trump repeated his claim that his signature tax cuts, in the Tax Cuts and Jobs Act of 2017, were “the largest tax cut” ever provided.

Persons: Donald Trump, Elon Musk, Trump, “, we’ve, ”, Biden, Harris, Harris “, ” Trump Organizations: Biden, Democratic, Patrol Locations: Afghanistan, Iran, Europe, Ukraine, Central America, Congo, ” Venezuela

☆ Fact check: Trump made at least 20 false claims in his conversation with Elon Musk
▼ + stars: | 2024-08-13 | by ( Daniel Dale | ) edition.cnn.com time to read: +34 min

Here is a fact check:CrimeTrump claimed, “Our crime rate’s going through the roof.”Facts First: Trump’s claim is false. Facts First: Trump did express uncertainty about the number, but his “like 60 million or something” claim is false. They take ‘em out, and they bring them to the United States.”Facts First: Trump’s claim is baseless. He said, “With Ukraine, so we’re in for $250 billion and they’re in for about $71 billion.”Facts First: Trump’s claim is false. But Trump’s claim that the US has committed or provided far more aid than Europe is not true regardless.

Persons: Donald Trump, –, Elon Musk, Kamala Harris, Trump, Jeff Asher, ” Anna Harvey, “, we’ve, ”, Biden, Gary Griggs, Griggs, Harris, Harris “, ” Trump, wasn’t, Alejandro Mayorkas, Breitbart, ” Roberto Briceño, Venezuela’s, León, Joe Biden, ” Michelle Mittelstadt, can’t, Steven Cheung, Congo ’ Trump, Patrick Muyaya Katembwe, ” Serge Mombouli, Barack Obama’s, Obama, Obama’s, We’ll, Ukraine Trump, Europe Trump, Trump’s, Mike Pompeo, ” Pompeo, China, you’re, ‘, Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Ronald Reagan’s, Barack Obama, George W, they’d, Scott Gottlieb, ” Gottlieb, General Merrick Garland, Musk, Alvin Bragg’s, Matthew Colangelo, Colangelo, Bragg, CNN’s Tami Luhby, William Montes Organizations: Washington CNN, Republican, Democratic, Public, New York University, CNN, Major Cities Chiefs Association, Biden, Global, Trump, NASA, Meteorological Organization, University of California, Oceanic, Fox News, The New York, White, Homeland, Central, “, Border, Venezuelan, of, Patrol, Republicans, Migration, Institute, Breitbart, Congo, PAC, Central America Trump, Obama, Customs Enforcement, Policy Institute, ICE, El Salvador, Electoral, Ukraine, Kiel Institute, European Union, European Automobile Manufacturers ’ Association, State, Americas, Crisis, Federal, Defense Department, Food and Drug Administration, FDA, Justice Department, New Locations: Trump’s, Santa Cruz, Gulf of Mexico, Florida, Mar, El Salvador, Guatemala, Honduras, United States, Mexico, Venezuela, “ Venezuela, Congo, Democratic Republic of Congo, Republic of Congo, Africa, Republic of, Washington, Europe, Ukraine, Germany, Kiel, ”, EU, Iran, Lebanon, Israel, China, that’s, Kpler, Malaysia, Afghanistan, Asia, Fulton County , Georgia, Manhattan, New York

☆ Puerto Rico cancels classes, activates National Guard as tropical storm warning issued for Caribbean
▼ + stars: | 2024-08-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +2 min

SAN JUAN, Puerto Rico — Puerto Rico activated the National Guard and canceled the start of classes in public schools as forecasters warned that the U.S. territory would be hit by Tropical Storm Ernesto, which formed in the Atlantic Ocean on Monday. Tropical storm warnings were in effect for Puerto Rico, the U.S. and British Virgin Islands, Antigua, Barbuda, Anguilla, St. Kitts, Nevis, Montserrat, Guadeloupe, St. Martin, St. Barts and St. Maarten. Officials in the French Caribbean said the storm was expected to drench Guadeloupe on Monday and pass near St. Barts and St. Martin. The National Hurricane Center said Ernesto is forecast to approach Puerto Rico and the U.S. and British Virgin Islands on Tuesday evening. In the neighboring U.S. Virgin Islands, Gov.

Persons: Tropical Storm Ernesto, Martin, Ernesto, ” Nino Correa, Ernesto Morales, ”, Albert Bryan Jr Organizations: JUAN, Puerto Rico —, National Guard, Tropical, Atlantic, National Hurricane Center, British Virgin Islands, National Weather Service, Gov, Atmospheric Administration, NBC Locations: Puerto Rico, Puerto Rico — Puerto Rico, U.S, British Virgin Islands, Antigua, Barbuda, Anguilla, St, Kitts, Nevis, Montserrat, Guadeloupe, Barts, Maarten, French Caribbean, British Virgin, Puerto, San Juan, Virgin Islands, Bermuda

☆ Dan Stevens on His Best Movie, TV Roles: 'Downton Abbey,' 'Legion'
▼ + stars: | 2024-08-12 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +9 min

Advertisement"I think career is defined as much by what you say no to as what you say yes to," Stevens tells Business Insider. He famously devastated "Downton Abbey" fans by requesting to leave the beloved period drama, which necessitated killing off his fan-favorite character Matthew Crawley. "There was a real openness to see actors try things that they've not necessarily been seen in before over here, and that was very, very appealing to me," Stevens says. AdvertisementOn the excitement and terror of leaving 'Downton Abbey'Dan Stevens was one-half of the most popular couple on "Downton Abbey." AdvertisementAnd one that I particularly enjoy is when people say how much they enjoyed "High Maintenance," which was a show that I really really loved being a part of.

Persons: Dan Stevens, It's, King, Abigail, Stevens, Charles Dickens, Matthew Crawley, Herr König, terrorizes, Hunter Schafer, he's, Cousin Matthew, Felix Dickinson, it's, Downton, Al Pacino, ITV It's, I've, you've, —, Emma Watson, Emma, Harry Potter, that'll, You've, haven't, Robert Eggers, Lisa Frankenstein, Zelda Williams, We've, they've Organizations: Business, ITV, Marvel, HBO Locations: Queens, Downton, Russian

☆ New study links early childhood tablet use to anger outbursts
▼ + stars: | 2024-08-12 | by ( Katia Hetter | ) edition.cnn.com time to read: +9 min

One paper published just this year sheds some light as to why tablet use could be related to anger outbursts. This is in the context of near-universal use of social media, with up to 95% of kids ages 13 to 17 reporting using social media. American teens report spending a shocking amount of time — nearly five hours each day—on YouTube, TikTok, Instagram and other social media apps. There are a number of problems with this level of social media use, one of which is what this time is replacing. Third, for those whose kids already have smartphones and use social media apps, speak with them about the impact of social media on them.

Persons: Leana Wen, Wen, It’s, I’ve, Vivek Murthy, Murthy, I’d Organizations: CNN, George Washington University, Getty, Pediatrics, YouTube Locations: Nova Scotia, Canada, South Africa

☆ These cities will be too hot for the Olympics by 2050
▼ + stars: | 2024-08-11 | by ( Lou Robinson | Angela Dewan | ) edition.cnn.com time to read: +8 min

The only certainty about Summer Olympics weather is that there’s really no certainty at all. In other words, holding the Summer Games in these cities would be a huge health risk for the athletes. The Games held in 1996 in Atlanta simply wouldn’t be possible in 2050. They may not againSome of the cities that have already hosted the Summer Games will be way beyond safe temperatures by 2050. Beijing, which hosted in 2008, would be much too hot and humid, with heat stress forecast to soar past 90 degrees.

Persons: CarbonPlan, Spain’s, Oriana Chegwidden, ”, It’s, —, exertional, Yuri Hosokawa, Exertional heatstroke, they’re, ” Hosokawa, Hosokawa, “ Organizations: CNN, Olympics, Brisbane, Doha, Southern, Waseda University Locations: CarbonPlan, Gulf of Mexico, Florida, Texas, Atlanta, China, Beijing, Shanghai, Hong Kong, Southeast Asia, Sydney, di Janeiro, Europe —, London, Oslo, Stockholm, Palermo, Sicily, Spain’s Seville, Los Angeles, Australian, Queensland, Brisbane, India, Ahmedabad, Indonesia, Nusantara, Qatar, Turkey, Istanbul, Poland, Chile, Warsaw, Santiago, Doha, Athens, Rome, Tokyo, Seoul, Barcelona, Australia, Rio de Janeiro, Sapporo, Japan

☆ How and when to watch the Perseid meteor shower
▼ + stars: | 2024-08-11 | by ( Riane Lumer | ) edition.cnn.com time to read: +5 min

CNN —It’s that time of summer to watch the most anticipated meteor shower of the year: the dazzling display known as the Perseids. Visible annually from mid-July to September 1, the Perseid meteor shower is set to peak between Sunday and before dawn Monday. Bill Cooke, head of NASA’s Meteoroid Environment Office, described the Perseids as the richest meteor shower of the year because of the bright fireballs. “There are meteor showers going all the time, but again, they’re so weak, most people wouldn’t even notice they’re happening,” Cooke said. “Don’t look at your cell phone, because that screen ruins your night vision, and it takes your eyes off the sky,” Cooke said.

Persons: CNN —, Bill Cooke, ” Cooke, —, Cooke, Venus, ”, Robert Lunsford, ” Lunsford, “, Tuttle, Giovanni Schiaparelli, what’s, NASA’s Cooke, Lunsford, John Denver’s Organizations: CNN, NASA, American Meteor Society, Northern, Taurids Locations: Meteoroid, Italian, Hawaii, Antarctica, Colorado

☆ Europe was on the brink of a night train revolution. Here’s what actually happened
▼ + stars: | 2024-08-09 | by ( Ben Jones | ) edition.cnn.com time to read: +11 min

Prior to the company’s demise, it had looked like Europe was poised for something of a night train revolution. Despite this demand, the hurdles for startups like Midnight Train trying to enter the market to meet it remain virtually insurmountable. Formidable obstaclesEuropean Sleeper is one of the few new night train operators to begin services, but the company has struggled to find rolling stock. “Politicians must be clear: the night train market will be effectively closed for a very long time,” he says. With the honorable exception of Nightjet, which plans to expand rapidly over the next five years, European night train services have yet to match the hype.

Persons: Adrien Aumont, Eva Plevier, Alex Halada, –, ÖBB, Nick Brooks, ”, “, Bart Biesemans, ” Brooks, Mark Smith, Robert Nemeti Organizations: CNN, Trains, Midnight Trains, Regiojet, Compagnie Internationale des, Orient Express, Getty, Austrian Federal Railways, Reuters, Barcelona, European Union, Swiss Federal Railways, Deutsche Bahn, Italian State Railways, Formidable, EU Locations: Europe, Stockholm, Denmark, Germany, Czech, Czechia, Slovakia, Ukraine, Prague, Croatia’s, Brussels, Amsterdam, Berlin, –, France, Barcelona, AFP, Spanish, Paris, Milan, Venice, Florence, Rome, Hamburg, Copenhagen, Madrid, Porto, Edinburgh, Anadolu, Vienna, Austria, Italy, Hungary, Poland, Belgium, Netherlands, Sweden, Sicily, Messina, Europe’s

☆ Work Culture at the Gates Foundation: Bill Gates Was Domineering, Inspired Fear
▼ + stars: | 2024-08-09 | by ( Anupreeta Das | ) www.businessinsider.com time to read: +10 min

Every year, Bill Gates — and, until she left, Melinda French Gates — would hold multiple meetings with executives of the Gates Foundation to approve plans and budgets, and review strategies. For many, the meeting might be the only direct opportunity to interact with, and impress, Gates and French Gates. AdvertisementGates and French Gates followed the presentations closely, usually saving questions for the end. The former couple sought to maintain a professional relationship, giving themselves at least two years to see if they could work together, with the understanding that French Gates would leave if they couldn't. One former senior employee compared the style of discussion to the Socratic method, often used in law schools by professors who push students to reasoning through dialogue.

Persons: Bill Gates —, Melinda French Gates, Gates, Louis XIV, —, opprobrium, Gates —, Bill Gates, Simon, It's, Melinda weren't, hasn't, Warren Buffett —, outargue Gates, seethed, Anupreeta Das Organizations: Gates Foundation, Business, Employees, Avid Reader Press, Simon & Schuster, Inc, HBO, Microsoft Locations: French Gates, Versailles, Gates

☆ A woman won gold at the Olympics by eating more and exercising less to gain 22 pounds
▼ + stars: | 2024-08-09 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

Read previewA British athlete won an Olympic gold medal by eating more food and exercising less to gain 22 pounds. AdvertisementAldridge won the first ever gold medal in women's Olympic kitefoiling. Owing to the stigma around weight gain, it may seem counterintuitive that Olympians, at the peak of human performance, should put on weight to be successful. But kitesurfing isn't the only sport where athletes gain weight to be more competitive. Related storiesWhen she first started kitefoiling, Aldridge consumed a lot of beer and ice cream, she wrote on Instagram earlier this year.

Persons: —, Ellie Aldridge, Aldridge, Alex Livesey, kitefoiling, Lauriane Nolot, kitesurfing, Harry Lightfoot, Tia, Clair Toomey, Orr, Clive Mason, I'm, It's Organizations: Service, Business, Getty, Telegraph, British Sailing Team, Olympic Locations: kitefoiling

☆ Olympic moment of the day: 3x3 basketball has its first classic final and a potential turning point
▼ + stars: | 2024-08-05 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +4 min

First, it was the women’s final between Germany and Spain coming down to the final seconds. And then on the final shot of the game, Gracia Alonso’s desperation shot at the buzzer clanged off the rim. Germany's Marie Reichert takes the ball to the hoop against Spain's Sandra Ygueravide in the women's 3x3 basketball gold medal game. In Olympic 3x3 basketball’s overtime, the first team to score two points wins. The Dutch fans lost their minds as the French crowd fell silent in shock.

Persons: Paris CNN —, bouche, Sonja Greinacher, Juana Camilion, Marie Reichert of, Gracia Alonso’s, Germany's Marie Reichert, Spain's Sandra Ygueravide, Matthew Stockman, Invalides, “ Allez, Les, ”, Johnny Hallyday, Worthy de Jong, Timothé, de Jong Organizations: Paris CNN, Games, Concorde, Notre Dame, Olympic, Dutch oranje – Locations: Paris, Tokyo, Germany, Spain, Marie Reichert of Germany, Spanish, France, The Netherlands, Luxor, Notre, Dutch oranje

☆ Novak Djokovic beats Carlos Alcaraz to win Olympic gold and career Golden Slam
▼ + stars: | 2024-08-04 | by ( Matthew Futterman | James Hansen | ) www.nytimes.com time to read: +12 min

Relive how Novak Djokovic won Olympic gold against Carlos Alcaraz with game-by-game live coverage from the matchPARIS — Novak Djokovic beat Carlos Alcaraz 7-6(3), 7-6(2) in the men’s singles Olympic final at Roland Garros in Paris on Sunday. Djokovic won in four. GO DEEPER Novak Djokovic and Carlos Alcaraz meet in a Wimbledon final duel of the extraordinaryThe first set lasted 93 minutes. After the Wimbledon final, Djokovic was largely sanguine about how soundly he had been beaten, saying Alcaraz was simply better in every department. It was a confidence and a quality not seen since that French Open final in 2023 and perhaps the US Open final in the same year.

Persons: Novak Djokovic, Carlos Alcaraz, PARIS — Novak Djokovic, Roland Garros, Alcaraz, Matt Futterman, James Hansen, Djokovic, Philippe, Chatrier, Miguel Medina, Novak, crunching forehands, Patricia de Melo Moreira, deuce, hadn’t, Lorenzo Musetti, Thibaud Moritz, ” Djokovic, “, Jelena's, ”, Roger Federer, Alex de Souza, Carlos, Rafa, Spain …, Matthew Stockman Organizations: Olympic, PARIS, Djokovic, Wimbledon, Games, Getty, Cincinnati, Olympics, U.S, Serbia, Spain Locations: Paris, AFP, Alcaraz

☆ Gold and some non-dollar currencies start to shine, but it's not all about de-dollarization
▼ + stars: | 2024-08-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

AdvertisementThe amount of gold holdings in global reserves has doubled in just over five years, according to Bloomberg Intelligence analysis. "As the yellow metal carries no credit or counter-party risk, some deem it as being better insulated from financial sanctions, particularly those from the emerging world," wrote UBS' Czerwonko. Advertisement"The situation in competing jurisdictions is also dire; in the land of the blind, the one-eyed man can remain king," wrote Czerwonko. AdvertisementSimilarly, Bloomberg Intelligence said said a Wednesday report that a potential second Trump term could hasten a global currency regime change. "Any title toward isolationism in a Trump second term, such as altered US attitudes toward its role in NATO and international affairs would spur de-dollarization," wrote Bloomberg Intelligence analysts.

Persons: —, Alejo Czerwonko, Czerwonko, Trump Organizations: Service, UBS, Business, International Monetary Fund, Bloomberg Intelligence, Trump, NATO Locations: Ukraine, Moscow, Swiss, Americas

☆ Watch out for the semiconductor supercycle before you start buying stocks like Nvidia
▼ + stars: | 2024-08-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Nvidia stock prices have more than doubled since the start of the year, and in June, it briefly became the world's most valuable company. "The boom in spending on AI infrastructure has been a major growth driver for the chip industry," Miller said. Zuckerberg even touted Meta's growing stockpile of Nvidia chips in an interview with The Verge in January, adding that he expects the company to own more than 340,000 Nvidia H100 GPUs by the end of 2024. The boom in data center builds has also spurred significant chip demand. Amazon, Meta, and Google are all designing their own AI chips.

Persons: —, Chris Miller, Miller, Meta's Mark Zuckerberg, Tesla's Elon Musk, Zuckerberg, TSMC, Thomas Rupf, Josie Ananto, Parthenon's Ananto, Jensen Huang, Goldman Sachs Organizations: Service, Nvidia, The Fletcher School, Tufts University, Business, New York Times, Bank Asia, Nvidia Semiconductor, Big Tech, Meta, Google Locations: EY

☆ How Xs and Cs spotted in the ionosphere could disrupt life on Earth
▼ + stars: | 2024-08-02 | by ( Ashley Strickland | ) edition.cnn.com time to read: +13 min

Earth’s electric and magnetic fields and gravity cause charged particles in the ionosphere to flow away from Earth’s magnetic equator. Typically, plasma bubbles are long and straight because they form along Earth’s magnetic field lines. GOLD observations captured C-shaped and reverse C-shaped plasma bubbles close together in the ionosphere on October 12, 2020, and December 26, 2021. So far, GOLD has only observed two instances of the close pairings, but the C-shaped bubbles have the potential to disrupt communications. “Due to such wide view and continuous measurements, GOLD has allowed us to observe these mysteries within the ionosphere,” Karan said.

Persons: Jeffrey Klenzing, “, it’s, ”, NASA SVS, Fazlul Laskar, —, Laskar, ” Klenzing, Karan et, Deepak Karan, Karan, ” Karan, John Deere, Tim Marquis, ” Laskar Organizations: CNN, International Space Station, NASA SVS, Goddard Space Flight, NASA, of Geophysical Research, University of Colorado’s Laboratory, Atmospheric Locations: Tonga, Greenbelt , Maryland, Baltimore, Boston

☆ Wayfair CEO likens home goods slowdown to 2008 financial crisis: 'Customers remain cautious'
▼ + stars: | 2024-08-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

The first Wayfair brick-and-mortar store prepares to open on May 02, 2024 in Wilmette, Illinois. Online home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO likened the current slowdown in the home goods category to the 2008 financial crisis. "Our credit card data suggests that the category correction now mirrors the magnitude of the peak to trough decline the home furnishing space experienced during the great financial crisis," Wayfair CEO Niraj Shah said in a news release. "Customers remain cautious in their spending on the home." The company saw adjusted EBITDA of $163 million during the quarter, still below the $168 million that Wall Street had expected, according to StreetAccount.

Persons: Niraj Shah, tailer, Wayfair, they've, Kate Gulliver, Jerome Powell, Shah Organizations: LSEG, CNBC Locations: Wilmette , Illinois

☆ Solar storm watch fuels hope of aurora sightings
▼ + stars: | 2024-07-30 | by ( Katie Hunt | Ashley Strickland | ) edition.cnn.com time to read: +4 min

CNN —The northern lights could grace skies farther south than usual this week because of a solar storm that may affect Earth, according to the US National Oceanic and Atmospheric Administration’s Space Weather Prediction Center. The center issued a strong geomagnetic storm watch, known as a G3 — the third highest level out of five — for July 29 to July 31. Strong geomagnetic storms are infrequent, the Space Weather Prediction Center said, but they’re more common than the G5, or extreme, geomagnetic storm that occurred on May 10 and May 11. If the predicted G3 conditions occur, auroras could be visible as far south as Illinois and Oregon, the Space Weather Prediction Center said. Alerts issued by NOAA’s Space Weather Prediction Center and other agencies help the operators of power grids and commercial satellites to mitigate potential negative impacts from a solar storm.

Persons: Aurorasaurus Organizations: CNN, Oceanic, Prediction, NOAA, Met, Meteorology, NASA Locations: Illinois, Oregon, United Kingdom, Scotland, Australia, Southern, India, Sweden, South Africa

☆ Rush hour isn't what it used to be: Working 10-to-4 is the new 9-to-5, traffic data shows
▼ + stars: | 2024-07-29 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

As more commuters settle into flexible working arrangements, the traditional American 9-to-5 has shifted to 10-to-4, according to the 2023 Global Traffic Scorecard released in June by INRIX Inc., a traffic-data analysis firm. Its analysis shows fewer early morning trips and a higher volume of midday trips compared to pre-pandemic traffic patterns. Ridership sank during the pandemic, Federal Reserve Bank of St. Louis data shows, and never fully recovered. The result is a surge in traffic congestion throughout the peak midday and evening hours, according to Pishue. "Pre-Covid, the morning rush hour would be a peak and then the evening peak would be much larger," he said, describing two apexes with a valley in between.

Persons: Kevin Carter, Bob Pishue, Louis, Gallup Organizations: Getty Images, INRIX Inc, Federal Reserve Bank of St Locations: San Diego, San Diego , California

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