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☆ Ron Insana: Bitcoin could be the mother of all manias as it soars toward $100,000
▼ + stars: | 2024-11-21 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

As bitcoin prepares to vault to $100,000, I can't help but wonder if cryptocurrency – not artificial intelligence – is the mother of all financial market manias. BTC.CM= YTD mountain Bitcoin in 2024 The first bitcoin, minted in 2009 , changed hands at about one-tenth of one cent. With bitcoin at nearly $100,000 on Thursday, the first buyers of the cryptocurrency would, no doubt, be worth scores of billions of dollars. The three defining features of money are: A medium of exchange A unit of account A store of value Bitcoin – or any cryptocurrency – is not widely used for transactions. The real question in my mind remains, does the world need bitcoin, or does it just want the flagship crypto?

Persons: bitcoin, cryptocurrency, SWIFT, there's, Donald Trump, Charles Mackay, Ron Insana Organizations: Louis Federal Reserve, U.S, U.S ., CNBC Locations: U.S, Dutch

☆ UK finance chiefs are banging the drum for one major reform to boost economic growth
▼ + stars: | 2024-09-26 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Ian Forsyth | Getty Images News | Getty ImagesLiverpool, ENGLAND — U.K. finance chiefs are banging the drum for pension reforms to boost anaemic investment and growth in the country. William Vereker, chairman of Santander U.K., cited pension reform as one of three paths to economic growth, alongside skills and education, and regulation. "If we do not have domestic capital investing in domestic businesses, we will not see the growth that this government is so rightly focused on," he added. "For me, pension reform is the way to unlock growth in the U.K.," Lee told "Squawk Box Europe." UK pensions reviewU.K. Finance Minister Rachel Reeves in July announced a landmark pensions review as part of a "big bang" of reforms to unlock growth.

Persons: Ian Forsyth, —, William Vereker, Vereker, Muirinn O'Neill, we're, Tiina Lee, Lee, it's, Rachel Reeves, Tulip Siddiq Organizations: Labour Party Conference, ACC Liverpool, Getty, Labour, Santander U.K, Citi U.K, CNBC, Finance, Treasury Locations: Liverpool, England, ENGLAND, City, London

☆ Klarna partners with fellow fintech Adyen to bring buy now, pay later into physical stores
▼ + stars: | 2024-09-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Jakub Porzycki | NurPhoto | Getty ImagesSwedish firm Klarna is partnering up with Dutch payments fintech Adyen to bring its popular buy now, pay later service into physical retail stores. Klarna will be included as an option across more than 450,000 Adyen payment terminals in brick-and-mortar locations as a result of the deal, according to the companies. Klarna's buy now, pay later, or BNPL, service allows users to spread the cost of their purchases over a period of interest-free installments. Earlier this year, Klarna sold Klarna Checkout, the company's online checkout solution for merchants. The recently elected U.K. Labour government is expected to set out plans for buy now, pay later regulation soon.

Persons: Jakub Porzycki, Klarna, David Sykes, Alexa von Bismarck, Adyen, Sebastian Siemiatkowski, BNPL, Tulip Siddiq Organizations: NurPhoto, Getty, Klarna, Adyen, EMEA, Alexa, CNBC, Labour, Conservative Locations: Amsterdam, Europe, North America, Australia, Swedish

☆ UK Prime Minister Keir Starmer says tough times are needed to spark national renewal
▼ + stars: | 2024-09-24 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Prime Minister Sir Keir Starmer during an 'In Conversation' event with Debbie Weinstein, managing Director Goole UK&I during the Labour Party Conference at the ACC Liverpool. Liverpool, ENGLAND — U.K. Prime Minister Keir Starmer insisted on Tuesday that tough decisions taken now will spark a new era for Britain, as he sought to shake a fog of pessimism that has clouded his new premiership. "Change must mean nothing less than national renewal," he told a crowd of Labour Party delegates Tuesday. Wes Streeting, minister for health and social care, said that promised improvements to the U.K.'s National Health Service (NHS) would take time to implement. We need to rebuild the economy, rebuild public services and rebuild trust in politics," he said at the conference Monday.

Persons: Sir Keir Starmer, Debbie Weinstein, Keir Starmer, Starmer, Jeremy Corbyn, Rachel Reeves, Reeves, Wes Streeting, Tulip Siddiq Organizations: Goole, Labour Party Conference, ACC Liverpool, Labour Party, Conservative, Wealth Fund, Finance, National Health Service, Treasury, Labour, CNBC, Conservative Party Locations: Liverpool, ENGLAND, Britain, England

☆ Britain will soon lay out new plans to regulate 'buy now, pay later' firms like Klarna after delays
▼ + stars: | 2024-07-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Buy now, pay later firms like Klarna and Block's Afterpay could be about to face tougher rules in the U.K.Britain's new Labour government will soon set out updated plans to regulate the "buy now, pay later" industry, a government spokesperson told CNBC. "Regulating Buy Now Pay Later products is crucial to protect people and deliver certainty for the sector," the Treasury spokesperson told CNBC via email Thursday. The government first set out plans to regulate the sector in 2021. BNPL plans are flexible credit arrangements that enable a consumer to purchase an item and then pay off their debt at a later date. Most plans charge customers a third of the purchase value up front, then take the remaining payments the following two months.

Persons: Block's, Tulip Siddiq, Siddiq, Keir Starmer's, Christopher Woolard, BNPL, — Organizations: Labour, CNBC, Treasury, . Treasury, Keir Starmer's Labour Party, Financial Locations: Britain

☆ I spent $38,000 to take my toy poodle on a private jet to Japan. I want to plan a trip for my other dogs next.
▼ + stars: | 2024-06-30 | by ( Faye Bradley | ) www.businessinsider.com time to read: +7 min

The second trip came with a significantly higher price tag of $38,000. Gladys TsoiOur first trip to Japan included two other poodle friends, while our second trip in April 2024 was a family affair with my parents and brother. For the second trip, we opted for a private jet both ways. Gladys TsoiOur second trip, which took place in April, lasted 8 days and covered 10 prefectures. Our road trip took us through Fukuoka, Oita, Yufuin, Kumamoto, Beppu, Nagasaki, Yanagawa, Sasebo, and Itoshima.

Persons: —, Gladys Tsoi, we'd, splurging, Hershey, Milo, mutt, Mount Fuji, Tsoi, Mount Aso, I'm Organizations: Service, Business, Hong Kong International Airport, Hershey, Japan, Mount, Korean Air, Japan Airlines Locations: Hong Kong, Japan, Malibu, Tokyo, Hakuba, Osaka, Kyoto, Nara, Izu, Seoul, Inumo Shibakoen, Shibuya, Mount Omuro, Kyushu, Fukuoka, Oita, Yufuin, Kumamoto, Beppu, Nagasaki, Yanagawa, Sasebo, Nampuro, Milo

The end result had gold and red fabrics overlaid with sheer pleating and long black fringe. “I was very proud of how it turned out, and I’m still really proud of it,” Karlsgodt said. Stuck inside an apartment she shared with four roommates, she was looking online for ways to update her bedroom when she stumbled upon images of Victorian lampshades. “I loved it immediately and felt like I wanted to make them forever,” Karlsgodt said. “I just think this style is so glamorous and romantic and kind of cozy at the same time.”

Persons: Ivy Karlsgodt, I’m, ” Karlsgodt, “, Karlsgodt, ” Organizations: Broadway

☆ DOJ charges Chinese national with operating 'world's largest botnet' that stole $5.9 billion in Covid relief funds
▼ + stars: | 2024-05-29 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Federal Bureau of Investigation Director Christopher Wray said it is "likely the world's largest botnet ever." The botnet hacked into over 19 million IP addresses in nearly 200 countries, the DOJ announcement said. In particular, the botnet targeted Covid relief programs and filed an estimated 560,000 false unemployment insurance claims, stealing $5.9 billion. The DOJ partnered with the FBI and other law enforcement agencies internationally to dismantle the botnet and arrest Wang. The charges come as U.S. law enforcement agencies try to update protocols to keep up with more sophisticated cybersecurity threats.

Persons: Wang, Christopher Wray, S, Axelrod, they're, Wray Organizations: US Department of Justice, Department of Justice, DOJ, Federal Bureau of, FBI, Export Enforcement, U.S . Department of Commerce's, of Industry, Security, Treasury Department, Treasury, Code, Tulip Biz, Company, Lily Suites Company Locations: Washington , DC, U.S, China

☆ Tulip discusses role of technology in addressing manpower shortages
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTechnology the 'only solution' to lack of manpower in operations: Manufacturing technology companyNatan Linder, co-founder and CEO of Tulip, discusses the role of technology in addressing manpower shortages.

Persons: Natan Linder Organizations: Technology, Manufacturing

☆ Make a Great Taco Even Better With Jackfruit
▼ + stars: | 2024-04-30 | by ( Ligaya Mishan | ) www.nytimes.com time to read: +2 min

Rivals for the title include a 144-pounder reportedly sighted at a jackfruit festival in the southern Indian state Kerala in 2010. Kerala is where the American poet and essayist Aimee Nezhukumatathil first tasted jackfruit, at age 8. Then they watched her devour jackfruit and understood that she was one of them after all. But in 2020, when grocery supplies were running low during the pandemic, she spotted canned young jackfruit at the local store. “It’s about as close as you can get to tearing into flesh,” Nezhukumatathil says.

Persons: Aimee Nezhukumatathil, ”, jackfruit, ” Nezhukumatathil, Nezhukumatathil Organizations: Rivals, Miss Locations: Maharashtra, Kerala, American, Chicago, Oxford, Mississippi, United States

☆ Insider Today: Skip the supplements
▼ + stars: | 2024-04-20 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +5 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The singer's rollout strategy for "The Tortured Poets Department" — releasing zero singles and barely promoting — is a true power move. Bernadette RankinThis week's dispatchGet into destination dupesAre you sick of high prices to travel to your favorite destination across the pond? AdvertisementAccording to Expedia, one of the biggest trends of 2024 is destination dupes — places where you can travel for way less. More of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor-in-chief, in New York.

Persons: —, Taylor, Bernadette Rankin, Expedia, That's, Graham Denholm, Chelsea Jia Feng, Taylor Swift, Amy Sussman, WireImage, Alex Garland, Garland, Michael Pollan, Tabitha Soren, subjug, Tyler Le, Broccoli, Carl Juste, Rebecca Zisser, Birkin, Robert Durst, Riley Keough, Lily Gladstone fictionalizes, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Department, Business, Boeing, Danish, Mount, Rights Management, Chelsea, Poets Department, Defense, Food, Miami Herald, Tribune, Getty, Augusta National Golf, Hulu Locations: California, Copenhagen, Netherlands, Mount Vernon , Washington, Paris, New York City, New York

☆ Forget traveling to the Netherlands. I saw millions of colorful tulips without having to leave the US.
▼ + stars: | 2024-04-16 | by ( Bernadette Rankin | ) www.businessinsider.com time to read: +4 min

I've always dreamed of traveling to the Netherlands to visit the famous tulip festival. Instead, I visited Mount Vernon, Washington, during the height of the Skagit Valley Tulip Festival. AdvertisementThe Netherlands' legendary tulip fields have always been on my bucket list. After seeing the monthlong event referred to as "the Netherlands of the Northwest" by the festival's executive director, I knew I had to visit the Skagit Valley Tulip Festival. AdvertisementIf you have time and don't mind paying the admission price for each farm, I highly suggest visiting all four participating Skagit Valley Tulip Festival farms.

Persons: I've, —, Bernadette Rankin, Bernadette Rankin Next Organizations: Tulip, Service Locations: Netherlands, Mount Vernon , Washington, Skagit, Northwest Washington, Seattle, RoozenGaarde

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Amazon, Take-Two, BJ's, Dell, Disney, Broadcom, Apple & more
▼ + stars: | 2024-04-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

"We are reinstating coverage of AVGO with a buy rating and a new price target of $1,500." "We are upgrading Take-Two from Neutral to Buy and raising our target price from $170 to $200." KeyBanc reiterates Nvidia as overweight Key raised its price target on the stock to $1,200 per share from $1,100. Oppenheimer reiterates Alphabet as outperform Oppenheimer raised its price target on the stock to $185 per share from $172. "We resume coverage after a period of Rating Suspended with a Buy/High Risk (1H) rating and target price of $11."

Persons: Morgan Stanley, Jefferies, Piper Sandler, Piper, selloff, Goldman Sachs, Goldman, Bernstein, Tesla, underperform Bernstein, Wolfe, Eaton, underperform, ETN, Needham, it's, KeyBanc, Oppenheimer, Chipotle, Stefan Larsson, Zac Coughlin, Investor Relations Sheryl Freeman, Evercore, Cantor Fitzgerald, Cantor, Nvidia, Huntington, BTIG, Truist, Melius, Dell Organizations: Norfolk Southern, CP, NSC, JPMorgan, GE, Deutsche Bank reinstates Broadcom, Deutsche, Tesla, Citi, Netflix, AMD, ARM, Meta, Google, NASDAQ, Investor Relations, Disney, Susquehanna, Nvidia, Bank of America, of America, U.S, TAM, Dell, Apple Locations: FSLY, F1Q

NOORDWIJKERHOUT, Netherlands (AP) — Theo works weekdays, weekends and nights and never complains about a sore spine despite performing hour upon hour of what, for a regular farm hand, would be backbreaking labor checking Dutch tulip fields for sick flowers. Photos You Should See View All 60 Images“You could also buy a very nice sports car," for the price of the robot, Visser said Tuesday — its makers say the robot costs 185,000 euros ($200,000). “But I prefer to have the robot because a sports car doesn’t take out the sick tulips from our field. Yeah, it is expensive, but there are less and less people who can really see the sick tulips,” he added. Theo van der Voort, who gave his name to the robot at WAM Pennings farm, and who retired after 52 years hunting for sick flowers, is impressed.

Persons: — Theo, ”, Allan Visser, Visser, ” Visser, Erik de Jong, Theo van der, “ Organizations: H2L Robotics Locations: Netherlands

☆ Flower Arrangements Are Reaching New Heights
▼ + stars: | 2024-03-15 | by ( Alice Cavanagh | ) www.nytimes.com time to read: +2 min

“I have so much admiration for florists who can make haphazard, wild arrangements,” says Miguel Yatco, 30, the floral artist behind the Brooklyn-based studio Agos Muni. If last summer saw the culmination of a trend for sprawling, low-lying floral landscapes, Yatco’s work represents an aesthetic about-face. But these works are also defined by their height, their long stems often extending above or through equally elongated vessels. Compared to the bouffant-like silhouettes of Bosschaert’s assemblages, Boutemy’s were narrow, continuing the line of the cylindrical Venetian bubble-glass vases that held them. “Rigor and clarity are the most important things,” Boutemy says, and an elongated shape means “each flower remains visible and each gives strength to another.”

Persons: florists, ”, Miguel Yatco, Agos Muni, Jacqueline Sullivan —, Thierry Boutemy, Ambrosius Bosschaert, ” Boutemy Organizations: Flemish Locations: Brooklyn, York, Paris, Brussels, Wan

☆ As Putin Pitches His Vision, Voters Avert Their Gaze From the War
▼ + stars: | 2024-03-15 | by ( Valerie Hopkins | ) www.nytimes.com time to read: +1 min

Vladimir V. Putin’s vision of Russia — successful, innovative and borderless — is on display at one of Moscow’s biggest tourist attractions, a Stalin-era exhibition center that currently houses a sleek showcase called Russia 2024. The exhibition promotes what the Kremlin portrays as Russia’s achievements in the past two decades, roughly the period Mr. Putin has been in power, and his promises for the future after he secures another six-year term in rubber-stamp elections this weekend. The exhibition is in many ways a microcosm of a country whose people largely — at least in public — avert their gaze from the big and bloody war in Ukraine that Mr. Putin started more than two years ago. The centerpiece is a grand hall housing pavilions featuring all the Russian regions, including five illegally annexed from Ukraine. Visitors to one pavilion are greeted by two LED screens attached to robotic arms displaying tulip fields that portray the region of Belgorod, which borders Ukraine, as calm and peaceful.

Persons: Vladimir V, Russia —, Stalin, Putin Organizations: Mr, Visitors Locations: Russia, Ukraine, Belgorod, Ukrainian

☆ Bitcoin rockets to an all-time high above $69,000, surpassing 2021 record
▼ + stars: | 2024-03-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

"Bitcoin reclaiming its all-time high yet again shows it is never going away," said Alex Thorn, head of research at Galaxy Digital. Catalysts driving the surge in the cryptocurrency include the U.S. spot bitcoin ETFs that started trading earlier this year, along with the tightening bitcoin supply ahead of the late April "halving." "The odds have always been against bitcoin," Thorn said, citing naysayers who have referred to it as "a bubble" and compared it to the "tulip mania" in Holland during the 1600s. "Retail interest is oftentimes momentum driven, and all-time high levels are a pivotal momentum driver for even more investment," he told CNBC. Nevertheless, U.S. spot bitcoin ETFs have brought legitimacy to it and been hugely popular, with BlackRock's iShares Bitcoin Trust (IBIT) passing $10 billion in assets under management last week.

Persons: Jaap Arriens, FTX, crypto's Lehman, Alex Thorn, bitcoin, Clara Medalie, Thorn, naysayers, Needham, John Todaro, Crypto, BlackRock's Organizations: NurPhoto, Getty, Metrics, Galaxy, CNBC, Securities and Exchange Commission Locations: U.S, Holland

PARIS (AP) — As the Paris spring couture shows entered their third day, Jennifer Lopez ensured that the power of runway designs were matched by the power of a VIP audience. The singer and actress energized the Palais de Tokyo, arriving at the last minute for Elie Saab's show amid pandemonium. Haute couture — the fashion industry’s ideas factory — is the age-old tradition of producing exorbitantly priced, made-to-measure garments for the world’s richest women. NAKAZATO’S ‘BLOOD WEDDING’In a display that could be described as a theatrical “blood wedding,” Yuima Nakazato’s latest couture show intentionally left an eerie feeling. Nakazato, known for his boundary-pushing creativity, delved into the darker realms of fashion for spring.

Persons: Jennifer Lopez, Elie Saab's, Lopez marveled —, ” Yuima Organizations: PARIS, Palais, Saab Locations: Paris, Tokyo, Marrakech

Robots of all kinds caused a stir on the show floor this week at the annual CES technology trade show in Las Vegas. The types of casino union jobs at risk could look drastically different five years from now, for example, when the Culinary Union's contract ends. We are filling the need in the market and we are bringing specialty coffee to more places.”But Werner said AI poses a real threat to casino union jobs that don’t require face-to-face interaction with customers — housekeeping, food preparation and cooks, for example. That's especially true for a people-pleasing tourist destination like the Las Vegas Strip, where customers expect top-notch service and experiences, including the latest trends in technology. That makes Las Vegas “a good place to test these things and see how customers react to it," he said.

Persons: Roman Alejo, ”, Ted Pappageorge, Pappageorge, “, Bill Werner, ” Pappageorge, Meng Wang, Wang, Werner, Alejo, ” Alejo, James Brooks Organizations: LAS VEGAS, Las, “, Culinary Workers, . Hospitality, Associated Press, University of Nevada, CES, Vegas, Culinary Union Locations: Las Vegas

☆ Miss Universe 2023 preliminary: Highlights from the national costume competition
▼ + stars: | 2023-11-17 | by ( Alex Rees | ) edition.cnn.com time to read: +6 min

That’s a serious question, but with a delightfully nonsensical answer: All served as inspiration for national costumes on display during the 2023 Miss Universe pageant’s preliminary competition. (Specifically, those were the looks donned by Miss Great Britain, Miss Philippines, Miss Dominican Republic and, yes, Miss Switzerland.) Eighty-four countries are represented at this year’s Miss Universe, which is taking place in the El Salvadoran capital of San Salvador. Miss Nepal, Jane Garrett, is one of the first “curvy” women to compete at Miss Universe; Erica Robin, meanwhile, is the first woman to represent Pakistan at the pageant. Hector Vivas/Getty ImagesTrue to form for the competition, Miss France ventured into Moulin Rouge's costume department.

Persons: Miss Great, Miss Nepal, Jane Garrett, Erica Robin, R’Bonney Gabriel, Hector Vivas, Miss Brazil, El Salvador's, Alex Peña, Ireland's, carnations, Miss Nigeria's, Miss Curaçao's, Marina Machete, Miss Malaysia, Serena Lee, Jordanne Levy, Moulin, Anntonia Porsild, Bryoni Natalie Govender, Miss Mongolia's Organizations: CNN, Swiss Guard, Miss, El, Oxford English, Miss Netherlands, Games, country's Air Force, Images Locations: Miss Great Britain, Miss Philippines, Miss Dominican Republic, Miss Switzerland, El Salvadoran, San Salvador, Netherlands, Portugal, Miss, Pakistan, USA, Miss Iceland, Venezuelan American, Costa Rica, Miss Portugal, Honduras, Jamaica, Thailand, South Africa

☆ These are the 10 best places to buy a vacation house in the U.S. based on rental performance, yearly expenses and more
▼ + stars: | 2023-10-31 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Evolve, a vacation rental company, ranked the best places in the U.S. to buy a vacation house right now. In October, Evolve, a vacation rental company, released its ranking of the best places to buy a vacation house right now. 1 place to buy a vacation house right now, according to Evolve. 2 best place to buy a vacation house right now. The Evolve report states that the median rental revenue for Holland is $44,577, the example cap rate is 8.8% and the median listing price is $355,544.

Persons: Peter Unger, , New York Holland , Michigan Hocking Hills , Ohio Palo, Deb Snelson Organizations: Stone, U.S . News, , New York Holland , Michigan Hocking Hills , Ohio Palo Pinto , Texas Wisconsin Dells, Wisconsin Savannah , Georgia Michigan City, Evolve, Holland State, Istock, Getty Locations: U.S, , New York, New York, Lake Ontario, Finger, Napa Valley, HomeToGo, , New York Holland , Michigan Hocking Hills , Ohio, , New York Holland , Michigan Hocking Hills , Ohio Palo Pinto , Texas, Wisconsin Savannah , Georgia Michigan, Wisconsin Savannah , Georgia Michigan City , Indiana Vernon Township , New Jersey Dover , Vermont Sevierville, Tennessee Holland , Michigan, Holland, Lake Michigan, Southeast Ohio, Hocking Hills

☆ Bitcoin is on the rise again. Here’s why Warren Buffett remains a crypto hater
▼ + stars: | 2023-10-22 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Cryptocurrencies are on the rise again, helped by optimism surrounding the possible introduction of a spot bitcoin ETF. But no matter how strong this rally gets, it won't convince one of the industry's biggest critics — Warren Buffett. Bitcoin surged 10% over the past week, at one point briefly topping $30,000, as hopes grew that a spot bitcoin ETF will soon be approved. But whether a bitcoin ETF soon becomes reality or not, it won't alter the Oracle of Omaha's thesis on cryptocurrencies, which is that they are highly speculative, non-productive assets. Buffett, who once famously called bitcoin "probably rat poison squared," has compared the bitcoin phenomenon to the tulip bulb mania in the Netherlands in the early 1600s .

Persons: — Warren Buffett, Bitcoin, Buffett, It's, Buck Rogers, Charlie Munger, Munger, bitcoin Organizations: CNBC, Berkshire Locations: Netherlands, Berkshire, U.S, United States, bitcoins

☆ There are 2 signs that stock market euphoria is mirroring past bubbles and could end badly for investors
▼ + stars: | 2023-10-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The stock market is going through a "euphoria" episode that will end badly, according to Smead Capital. Other commentators have warned of market downside as interest rates stay higher for longer. AdvertisementAdvertisementThe stock market is going through a "euphoria" that could end badly for equity investors, according to investment advisor Smead Capital. "In our conversations with investors, we are pointing out the 'totality' of this financial euphoria episode. Other Wall Street commentators have warned of more downside ahead for equities as interest rates stay higher-f0r-longer.

Persons: —, Smead Organizations: Smead Capital, Service, Smead, South Seas Locations: Amsterdam

☆ A quant fund boss talked his mom into selling Nvidia at 60% of its current price. She won't let him forget it.
▼ + stars: | 2023-10-02 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Quant fund chief Jason Hsu thought Nvidia's rally couldn't last any longer – so talked his mom into selling at $250 a share. "I'm going to be putting a hex curse on that stock," Hsu joked. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe head of a quant trading fund told his mom to sell her Nvidia shares when they were trading at just 60% of their current price – and hasn't heard the end of it since. "I told my mom, 'Sell Nvidia, you made such a good gain.'

Persons: Jason Hsu, Nvidia's, Hsu, —, hasn't, he'd, Rayliant Organizations: Service, Nvidia, Rayliant Global Advisors, Research

☆ Princess Diana’s ‘black sheep’ knit is the most valuable sweater ever sold at auction
▼ + stars: | 2023-09-14 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —Princess Diana wore many show-stopping outfits over the years, leaving behind an indelible impact on fashion history as it relates to royal dress codes, semiotics and more. The piece: a “black sheep” sweater first worn by the late Diana when she attended a polo match in 1981, while she was engaged to the now King Charles III. But the quirky knit sold today has not only eclipsed that record sum, it has also become the most valuable sweater ever sold at auction. One black sheep stands out from the crowd on the front of the sweater. “We are thrilled that this cherished sweater has now found a new home, carrying with it the enduring legacy of Princess Diana,” said Muir and Osborne in a statement.

Persons: Diana, Princess Diana wasn’t, King Charles III, Victor Edelstein, Kurt Cobain, Sotheby’s, Sally Muir, Joanna Osborne, Muir, Osborne, Princess Diana, Osborne didn’t, ‘, ” Organizations: CNN, MTV, Buckingham Locations: New York, cardigan

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