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☆ Yen wobbles, vulnerable to political reverberations
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: +4 min

Japanese yen banknotes of various denominations are arranged for a photograph in Tokyo, Japan, on July 22, 2015. The yen was last 0.1% lower at 152 per dollar and was looking at a 1.5% loss for the week. The yen has fallen roughly 5.5% for the month thus far, setting it up for its worst monthly decline since April 2022. Against the dollar, the euro last bought $1.08225, some distance away from its low of $1.076125 hit earlier this week. The dollar index last ticked up 0.04% to 104.09, after having scaled a roughly three-month high of 104.57 earlier in the week.

Persons: Ray Attrill, Katsunobu Kato, Janet Yellen, Donald Trump, Nick Rees, Sterling Organizations: of Japan's, Treasury, Liberal Democratic Party, LDP, National Australia Bank, country's Finance, FX, Monex, New Zealand Locations: Tokyo, Japan, Japanese, Germany —

☆ What we learned in the LCS round: Bullpen dominance, Soto significance, money talks
▼ + stars: | 2024-10-21 | by ( Rustin Dodd | Sam Blum | ) www.nytimes.com time to read: +8 min

Bring on the most anticipated World Series in recent memory. The bullpens could decide the World SeriesThe Yankees’ series victory over the Guardians offered two gifts for Yankee fans:The club’s first World Series appearance since 2009. Not bad for an outfielder who will turn 26 on Friday — on the opening day of the World Series. This is not the roster that Los Angeles thought would carry them to the World Series way back in March. Can Freddie Freeman get back on the field for the World Series?

Persons: Mariano Rivera, Cleveland’s Emmanuel Clase, Clase, Rivera, Nobody, Aaron Judge, Giancarlo Stanton, Juan Soto, Soto, Alex Gordon, Jayson Werth, Shin, Soo Choo, salivating, Cleveland’s Hunter Gaddis — Soto, It’s, He’s, Ted Williams, you’re, Tyler Glasnow, Clayton Kershaw, Alex Vesia, River Ryan, Gavin Stone, Bobby Miller, James Paxton, Tommy Edman, Walker Buehler, Freddie Freeman’s, Teoscar Hernández, Will Smith, they’d, they’re, Freddie Freeman, Harry, Freeman, Max Muncy, Dave Roberts, Luke Hales Organizations: Major League Baseball, Dodgers – Yankees, Phillies, Diamondbacks, Rangers, Dodgers, Yankees, League, Yankee, Yankees ’, Guardians, Washington Nationals, Baseball, Astros, Padres, Mets, Dodger, Atlanta Braves Locations: Angeles

☆ Insider Today: Blackstone's juggernaut
▼ + stars: | 2024-10-20 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

This post originally appeared in the Insider Today newsletter. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. The boom in private credit at Blackstone reflects a broader shift in how companies borrow.

Persons: —, Drew Houston, Jeff Bezos, Jon Gray, Blackstone, Jeenah, Jonathan Gray, Banks, Marc Rowan, Jamie Dimon, it's, Jenny Chang, Rodriguez, Barack Obama, Donald Trump, Joe Biden, BI's Alice Tecotzky, Tyler Le, Momo Takahashi, Goldman Sachs, Morgan Stanley, It's, rainmaker Jett Lara, Augustus Doricko, Doricko, Alex Diaz, he's Organizations: Business, Service, Blackstone, Blackstone Group, Reuters, JPMorgan, BI, Democratic, Apple, Investment, Goldman, Bank of America, Citigroup Locations: New York City, U.S, BI Northampton, Pennsylvania, Easton, El Segundo , California

☆ The science of how Hurricane Milton became such a monster
▼ + stars: | 2024-10-09 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +8 min

The Summary Hurricane Milton intensified at one of the fastest rates in recorded history. At nearly every turn, Hurricane Milton has offered surprises. Milton is the strongest Gulf of Mexico hurricane since Hurricane Rita in 2005. However, Lin said, “that doesn’t make it any less dangerous.”Even with slower winds, Milton is expected to remain a major hurricane until landfall Wednesday night. “That would tie 2024 with 2005 and 2020 for 2nd most Gulf hurricane landfalls on record, trailing only 1886,” meteorologist Philip Klotzbach wrote on X.

Persons: Hurricane Milton, Milton, Campeche —, Chris Slocum, ” Slocum, ”, John Morales, Karthik Balaguru, Jonathan Lin, Milton “, Rita, Slocum, ” Lin, Milton “ wobbled, Lin, Hurricane Irma, Hurricane Helene —, —, Helene, Philip Klotzbach Organizations: Hurricane, Hurricanes, National Oceanic, Atmospheric Administration’s, NBC South, Climate Central, Pacific Northwest National Laboratory, Cornell University, National Hurricane Center, Tampa Bay, Atlantic Locations: Gulf, Mexico, Hurricane, Tampa Bay, Africa’s, Caribbean, Gulf of Mexico, Florida, Campeche, NBC South Florida, Milton, Tampa, Florida’s

Storm surge is the abnormal rise in water levels during a storm, as heavy hurricane winds push a bulge of water toward shore as depths become shallower. On Tuesday, Milton "wobbled," according to an early evening forecast from the National Hurricane Center. “Milton has the potential to be one of the most destructive hurricanes on record for west-central Florida,” the National Hurricane Center said Tuesday in an advisory. Northeast Florida could get 3 to 5 feet of storm surge, the hurricane center projects. In 2008, Hurricane Ike pummeled the Texas Gulf Coast as a Category 2 storm and generated a 15-foot storm surge in Galveston Island.

Persons: ” Fritz, ” Chris Slocum, Hurricane Milton, Milton, wobbled, Karen Clark, “ Milton, ” Slocum, ”, ” Cathie Perkins, Ike pummeled Organizations: National Oceanic, Atmospheric Administration’s, Research, Hurricane, National Hurricane Center, U.S, , Pinellas County Emergency Management, NOAA, Texas Gulf Locations: Mexico, Tampa, “, Florida, Pinellas County, Clearwater, St, Petersburg, Northeast Florida, Louisiana, Texas, Texas Gulf Coast, Galveston Island

☆ Strait of Hormuz: A 21-mile-wide channel is key to cheap gas. It’s under threat
▼ + stars: | 2024-10-08 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Global oil prices have spiked in recent days as the conflict in the Middle East has reached fever pitch. They could rise yet further if Israel’s widening war embroils the vital Strait of Hormuz off Iran’s southern coast. About one-fifth of the world’s global oil trade passes through the strait every day, notes Simone Tagliapietra, a senior fellow at Brussels-based think tank Bruegel. It also accounts for about a quarter of the world’s daily trade in liquefied natural gas. But if oil trade through the critical Strait of Hormuz wobbles, prices could soar above $100 a barrel, according to research firm ClearView Energy Partners, sending gasoline prices surging.

Persons: Simone Tagliapietra, Hassan Nasrallah, Yoav Gallant, ” Tagliapietra, Brent, Richard Bronze, “ Organizations: London CNN —, US Energy Information Administration, Israel’s, CNN Sunday, Israel . West Texas Intermediate, ClearView Energy Partners Locations: Hormuz, Brussels, Iran, Israel, Lebanon, United States, China

☆ From gold and silver, to oil and aluminum: Where analysts see prices now the Fed has cut rates
▼ + stars: | 2024-09-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

HSBC in a Sept. 17 report examined the relationship between Fed rate cuts and copper and aluminum prices over the past 30 years. In its base case, Citi sees copper prices averaging $9,000 per ton for the rest of this year, citing U.S. election uncertainty and weak manufacturing sentiment. Energy Citi anticipates that oil will suffer renewed price weakness in 2025, with Brent falling to around $60 a barrel. Based on what happened in 2019, trade tariffs lowered global oil demand growth by 0.2 million barrels a day. A slowdown in China, among the world's largest importer and consumer of oil, has been blamed on slowing global oil demand.

Persons: annualized, it's, that's, Brent Organizations: U.S . Federal Reserve, Citi, HSBC, Commodities, Energy Citi Locations: China, U.S, Europe, Iran

☆ Brazil targeting gold in a third Olympic final against the USWNT – but will Marta be a factor?
▼ + stars: | 2024-08-09 | by ( Jack Lang | ) www.nytimes.com time to read: +8 min

Right-back Antonia played the final stages of the Spain game on a broken leg. Brazil women’s 2024 Olympics has been a tale of two tournaments (Marcio Machado/Getty Images)Brazil had been passive in the group meeting, abdicating possession throughout. AdvertisementFor one thing, Brazil have an atrocious record against the USWNT, winning just four of the 42 meetings between the countries in women’s football. Famously, they are still searching for their first Olympic or World Cup title in women’s football. We have a really strong sense of unity here.”As for his hopes for the final, Elias is allowing himself to dream.

Persons: Rafaelle, Antonia, Marta, Olga Carmona, Juan Manuel Serrano Arce, “, Gabi Portilho, Arthur Elias, ”, Angelina, Marcio Machado, Elias, Cata Coll’s, Irene Paredes, Portilho, Adriana, Arthur, Kerolin, Elias ’ mettle, Elias ’, Pia Sundhage, ” Elias, Alex Livesey Organizations: Olympic, Nigeria, Japan, Spain’s, Getty, Spain, Globo Locations: Paris, Brazil, Spain, Australia, France, Parc, Marseille, United States, Eurasia

☆ Simone Biles’ brilliant comeback and other takeaways from the individual all-around gymnastics final
▼ + stars: | 2024-08-01 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +7 min

Paris CNN —Simone Biles is once again the Olympic gold medalist in individual all-around gymnastics after winning one of the most dramatic finals of these Paris Olympics. Biles held off a spirited challenge from brilliant Brazilian Rebeca Andrade, who once again won silver and Biles’ teammate Suni Lee took the bronze. Her artistry and rhythm were infectious and, until her final floor exercise penalty, she turned in an incredibly solid, well-rounded performance. At the World Championships last year, Andrade took gold in the vault, while Biles took silver. The winners of the last three individual all-around gymnastics gold medals took in the moment to soak in the cheers.

Persons: Paris CNN — Simone Biles, Biles, Rebeca Andrade, Suni Lee, Andrade, “ That’s, ” Biles, Simone Biles, it’s, “, I’ve, ” Andrade, Biles Rebeca Andrade, Naomi Baker, Lee, Charlie Riedel, savor, ” Lee, Alice D’Amato Organizations: Paris CNN, Reuters, American Locations: Thursday’s, Tokyo, Houston, United States, American, Paris, Algeria

How Simone Biles Won the Olympic Women’s Gymnastics All-Around Gold1 USA Simone Biles 59.131 2 BRA Rebeca Andrade -1.199 points behind points behind 3 USA Sunisa Lee -2.666Simone Biles earned her sixth Olympic gold medal, and her ninth Olympic medal overall, in Paris on Thursday, clinching a win in the women’s gymnastics all-around final by more than a full point. The competition began with a commanding lead for Biles, who scored 15.766 for her namesake Yurchenko double pike, the hardest vault in the world. And Sunisa Lee, the defending Olympic all-around champion, trailed after the first three rotations but came back to win the bronze with a solid performance on floor. With Andrade at her heels, Biles took to the floor to perform the last routine of the competition. Since the first Olympic all-around competition in women’s gymnastics in 1952, only nine gymnasts had ever managed to win two medals of any color.

Persons: Simone Biles Won, Simone Biles, Rebeca Andrade, Sunisa Lee, Biles, Kaylia, Andrade, Nemour, Lee, Bedel, Jeremy White, Biles’s, Cheng, Alice D’Amato of, Simone Biles’s, Weiyi Cai, ” Biles, ”, “, ’, Scott Reinhard, “ I’m, I’ve, Joe Ward “, Larisa Latynina, Vera Caslavska, Nadia Comaneci Organizations: Sunisa, Olympic, Soviet Union, Games Locations: Paris, Brazil, Algeria, Andrade, Biles, Tokyo, Alice D’Amato of Italy, Pak salto, Italy, Soviet, Czechoslovakia

How Team U.S.A. Won the Olympic Women’s Gymnastics Gold1 United States 171.296 2 Italy -5.802 points behind 3 Brazil -6.799The United States took the gold medal in the women’s gymnastics team final at the Paris Olympics on Tuesday, beginning with solid vaults from Simone Biles and Jade Carey and ending with a bringing-down-the-house routine by Biles on the floor exercise. Team Italy took the silver, its first Olympic team medal in women’s gymnastics since 1928. And despite wobbles on the beam by Brazilians Flavia Saraiva and Rebeca Andrade — both during a skill called a switch ring leap — their team placed third for its first-ever Olympic team medal. China suffered in the rankings after Zhou Yaqin’s beam routine and Qiu Qiyuan’s bars, expected to be powerhouse events for the country, both included serious mistakes. VaultHow each team scored on the vaultCarey, who had been expected to compete on both vault and floor when she was named to the Olympic team, ended up competing only on vault on Tuesday after spending much of the past week sick.

Persons: Simone Biles, Jade Carey, Biles, Simone Biles’s, Joe Ward, Weiyi Cai, Jordan Chiles, Sunisa Lee, Chiles, Cheng, Flavia Saraiva, Rebeca Andrade —, Becky Downie, Zhou, Qiu Qiyuan’s, Carey, Lee, Jeremy White, — Lee, Bedel Organizations: United States, Paris Olympics, Italy, Olympic Locations: Italy, Brazil, United States, Tokyo, China

☆ Artificial Intelligence Gives Weather Forecasters a New Edge
▼ + stars: | 2024-07-29 | by ( William J. Broad | ) www.nytimes.com time to read: +13 min

Artificial Intelligence Gives Weather Forecasters a New Edge The brainy machines are predicting global weather patterns with new speed and precision, doing in minutes and seconds what once took hours. GraphCast GraphCast Miss. specialist at the European Center for Medium-Range Weather Forecasts, the agency that got upstaged on its Beryl forecast. Even so, reliable weather forecasts turn out to be extraordinarily hard to achieve. As a result, weather forecasts can fail after a few days, and sometimes after a few hours.

Persons: Hurricane Beryl, GraphCast, Beryl MEXICO, Hurricane Beryl Miss ., William B, Davis, ”, Matthew Chantry, Christopher S, Amy McGovern, Dr, McGovern, “, Brandon Bell, Maria Molina, Bretherton, Sir Richard Friend, Rémi Lam, GraphCast’s, Lam, . Lam, Beryl, Hurricane Lee, DeepMind’s GraphCast, . Chantry, Chantry, Paul G, Allen, ‘, we’ve, Molina, Jamie Rhome, Rhome, Mr, There’s Organizations: A.I, Beryl MEXICO CUBA European, JAMAICA European, Beryl MEXICO CUBA JAMAICA Hurricane, National Hurricane Center, Hurricane, NOAA, European Press Agency, Google, European Center, University of Washington, University of Oklahoma, University of Maryland, Royal Academy of Engineering, Cambridge University, Getty, Nvidia, Huawei, Fudan University, Allen Institute for A.I, Microsoft Locations: Va . Ky, N.C, Okla, ., Ala . Texas, Texas, Fla, Va, Kan, Mo, Ky, Beryl MEXICO CUBA, VENEZUELA COLOMBIA, Tenn, Okla ., Beryl MEXICO CUBA JAMAICA, Caribbean, Mexico, Houston, London, DeepMind, Land , Texas, A.I, Freeport , Texas, England, Canada, Nova Scotia, China, Corpus Christi , Texas, Miami

☆ Dollar set to eke out weekly gain as traders weigh U.S. rates, yen wobbles
▼ + stars: | 2024-07-19 | by ( ) www.cnbc.com time to read: +3 min

The dollar was steady and poised to snap a two-week losing run on Friday as U.S. labour and manufacturing data kept traders pondering on when and by how much the Federal Reserve would cut rates this year. The dollar was steady and poised to snap a two-week losing run on Friday as U.S. labor and manufacturing data kept traders pondering on when and by how much the Federal Reserve would cut rates this year. The Federal Reserve is scheduled to meet at the end of July where markets anticipate a very low chance of the central bank cutting rates. Ryan Brandham, head of global capital markets for North America at Validus Risk Management, said the U.S. economy is getting closer to where a rate cut may be appropriate. In other currencies, the Australian dollar eased 0.11% to $0.66985, while the New Zealand dollar was 0.22% lower at $0.6032.

Persons: Ryan Brandham, Mary Daly, Daly, recouping, Sterling Organizations: Federal Reserve, Bank of Japan, Traders, U.S, Federal, North America, Validus Risk, Fed, Federal Reserve Bank of San Francisco, Dallas Fed, European Central Bank, ECB, Bank of England, New Zealand Locations: Tokyo, Japan, U.S, Britain

☆ In ‘Twisters,’ Storm Chasers Want to Disrupt a Tornado. Is That Possible?
▼ + stars: | 2024-07-19 | by ( Judson Jones | Reto Sterchi | ) www.nytimes.com time to read: +1 min

Sean Waugh holds a laptop with green, red and yellow weather radar looping as his driver rumbles down an Oklahoma highway in their government-issued truck. A rectangular cage with metal mesh covers the truck in an attempt to protect the team from hail. Hanging off the front of the hail cage are weather instruments that look like the horn of a rhinoceros charging into a storm. The truck, called Probe One, points in one direction, and a companion, Probe Two, points in another. “Probe One, you want us to go?”“Yes, go now,” says Dr. Waugh, a researcher with the National Severe Storms Laboratory.

Persons: Sean Waugh, ”, Waugh, Reed Timmer Locations: Oklahoma

☆ Unusual world offers astronomers a glimpse into how planets become ‘hot Jupiters’
▼ + stars: | 2024-07-17 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

The star is one of a binary pair, so the planet orbits the primary star, while the primary star orbits a secondary star. While Jupiter takes 4,000 Earth days to complete one orbit around the sun, hot Jupiters complete one orbit every few days. Astronomers use “eccentric” to refer to the shape of a planet’s orbit on a scale from zero to 1. “It’s a pretty extreme process in that the changes to the planet’s orbit are massive,” Millholland said. Discovering a second hot Jupiter precursor is helping astronomers to confirm the idea that high-mass gas giants transform into hot Jupiters as they migrate from eccentric to circular orbits, the researchers said.

Persons: —, ”, Arvind Gupta, NOIRLab, Gupta, Suvrath Mahadevan, Verne, Willaman, Jason Wright, ” Wright, ” Gupta, Sarah Millholland, “, ” Millholland, Wright, James Webb Organizations: CNN —, Penn State, Astronomy, Mercury, NASA, Massachusetts Institute, Technology’s Kavli, for Astrophysics, Space Research, chrysalis Locations: Kitt, Arizona

Friedrich Zoneaire Portable Air Conditioner (ZCP12DB) The dual-hose Friedrich Zoneaire Portable Air Conditioner did the best job cooling and was the quietest portable air conditioner we tested. Our review of the Friedrich portable air conditionerThe Friedrich Zoneaire has intuitive onboard controls, and pairs to an app for remote access. However, even the best portable air conditioner doesn't compare to your typical window air conditioner when it comes to energy efficiency. The top pick in our best portable air conditioner guide is the LG Dual Inverter Smart WiFi Portable Air Conditioner (LP1419IVSM). If a window air conditioner sounds appealing, get buying advice from our best air conditioner guide.

Persons: Friedrich, Friedrich Zoneaire, James Brains, cranking, I'd, Friedrich Zoneaire —, Friedrich AC doesn't, Friedrich Chill Premier Organizations: Business, Madison, ARC, Friedrich, isn't Energy, Amazon Alexa, LG, Friedrich Chill, Friedrich Chill Premier Air

☆ Sterling steady ahead of BoE decision; dollar wobbles against yen
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: +3 min

The British pound held broadly steady on Thursday ahead of a rate decision from the Bank of England later in the day, while the dollar was on the back foot as it awaited fresh market catalysts. The British pound held broadly steady on Thursday ahead of a rate decision from the Bank of England later in the day, while the dollar was on the back foot as it awaited fresh market catalysts. Sterling last bought $1.2719 after having eked out a slight gain in the previous session, while the euro rose 0.03% to $1.0747. The dollar slipped 0.05% against the yen to 157.99, though the Japanese currency remained not too far from an over one-month low of 158.255 per dollar hit last week. The BoE is widely expected to keep rates steady on Thursday, and the focus will be on any guidance on how soon an easing cycle could begin.

Persons: BoE, Tony Sycamore, Rodrigo Catril Organizations: Bank of England, Sterling, Wednesday, IG, Swiss National Bank, Swiss, National Australia Bank, New Zealand Locations: United States, Switzerland, Norway, France

☆ S&P 500 enters June near a record but with growing concerns about the market's narrow leadership
▼ + stars: | 2024-06-01 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

The S & P 500 is a mere 1.2% from its all-time high, yet only 60% of its member stocks are up for the year and just over 40% last week were above their 50-day moving average. .SPX YTD mountain S & P 500, 1-year We seem to undergo one of these periods of decrying a lack of market breadth every few months in recent years. Bespoke Investment Group last week looked at the small number of past instances when the S & P 500 was so close to a record yet most stocks were beneath a 50-day average. The 100-day correlation between the S & P 500 and the Dow Jones Industrial Average has hit its lowest level since the dot-com bust of the early 2000s, according to CNBC's Data & Analytics group. The S & P 500 at the highs hit 21-times forward earnings, and we've spent very little time above that outside the pandemic melt-up and the tech boom/bust a quarter-century ago.

Persons: Warren Pies, Dow, Scott Chronert, we've Organizations: Investment, 3Fourteen, Nvidia, Treasury, Microsoft, Apple, Dow Jones, Dell Technologies, Citi, UBS Locations: Banks

☆ Dollar steady ahead of inflation data, yen wobbles
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +7 min

The dollar was stable on Wednesday on wagers the Federal Reserve is unlikely to cut rates until later this year ahead of crucial inflation readings this week, while the yen drifted to its weakest in four weeks. Market focus this week will be on a slew of inflation reports, with German inflation data due on Wednesday and the wider euro zone's reading on Friday. Market focus this week will be on a slew of inflation reports, with German inflation data due on Wednesday and the wider euro zone's reading on Friday. The pound was 0.13% higher at 200.68 yen, the strongest since August 2008, while the euro touched a one-month high of 170.795 yen earlier in the session. The yen, which is sensitive to Treasury yields, is down 10% for the year against the dollar but may yet scrape a monthly gain in May.

Persons: Sterling, Christopher Wong, Prashant Newnaha Organizations: U.S, Australian, FX, TD Securities Locations: U.S, Tokyo, Asia

☆ Things are about to get a lot tougher for Jensen Huang's Nvidia
▼ + stars: | 2024-05-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The 61-year-old Silicon Valley veteran running Nvidia has overseen a $2 trillion surge in its value since the start of last year. Justin Sullivan/Getty ImagesThe hype behind Nvidia's chips is no joke. But competitors have been busy developing AI chips of their own to reduce reliance on Nvidia's increasingly expensive offerings. AMD CEO Lisa Su, who's Huang's cousin, is aiming to pry Nvidia customers away with a chip named the MI300X that costs between $10,000 and $15,000. If they succeed in using Triton, they could be one step closer to a future in which alternatives to Nvidia's chips are easier to use.

Persons: —, Jensen Huang, Sam Altman, Mark Zuckerberg, Matt Bryson, Huang, isn't, Justin Sullivan, Taylor Swift, Nvidia's, Blackwell, Zuckerberg, Lisa Su, who's, Jensen, AMD, CUDA, OpenAI Organizations: Service, Silicon, Nvidia, Microsoft, Apple, Business, GTC, AMD, Google, Meta, Financial Times Locations: San Jose , California, Woodstock

☆ I demand a do-over on the East Coast earthquake
▼ + stars: | 2024-04-05 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

Read previewAt approximately 10:24 a.m. Eastern, I exited the elevators of the Business Insider offices in lower Manhattan, walked through the lobby, and into the nearly empty office. This story is available exclusively to Business Insider subscribers. I opened X and saw a string of tweets of people who had just experienced a rare East Coast earthquake. As a lifelong East Coast resident, I've never gotten to feel a real earthquake, and I am absolutely furious that I missed this. I propose we get a new earthquake next weekend, at the American Dream Mall in East Rutherford, New Jersey.

Persons: —, Let's, I've Organizations: Service, Business Locations: Manhattan, New Jersey, East Coast, New York, East Rutherford , New Jersey

☆ Mars could be creating 'giant whirlpools' deep within our planet's oceans
▼ + stars: | 2024-03-13 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

Mars may be 140 million miles away, but its gravitational pull could be impacting Earth's oceans. Scientists at the University of Sydney in Australia believe the red planet's tug is creating "giant whirlpools" in the oceans called eddies, which can shift the deep-sea floor. This, they claim, is part of a 2.4-million-year climate "grand cycle" on Earth that has been ongoing for at least 40 million years. The red planet's orbit and ours are locked in an intricate dance, and every so often, these line up so that Mars' gravitational pull on Earth is just a little more intense — this is called resonance. This information is crucial when refining models helping us see how our planet's intricate climate will progress over time.

Persons: Adriana Dutkiewicz, NASA's, Dietmar Müller, Malin, Matthew England, Benjamin Mills, wasn't, Mills Organizations: Service, University of Sydney, Business, NASA's Goddard Space, geosciences, Nature Communications, Mars NASA, JPL, Systems, University of New, New, University of Leeds Locations: Australia, Japan, New, University of New South Wales, Sydney

☆ We're bracing for more choppiness in the market ahead as AI trade wobbles
▼ + stars: | 2024-03-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Many observers are arguing that some pockets of the market, mainly in the AI trade, have moved too far, too fast and are ripe for pullbacks. Meanwhile, we'll be keeping an eye on Club holding GE Healthcare's appearance Tuesday at Oppenheimer's MedTech and Services conference. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, industrials, there's, we'll, Oppenheimer's, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Club, Linde, Nasdaq, FMC Corp, Procter, Gamble, Truist, Energy, EQT Corp, Boeing, of Justice, Alaska Airlines, Howmet Aerospace, Tech, Oracle, GE, Services, Jim Cramer's Charitable Locations: Albemarle, Newmont

Across much of America and especially in the normally chilly north, the country went through the winter months without, well, winter. The Lower 48 states averaged 37.6 degrees (3.1 degrees Celsius), which is 5.4 degrees (3 degrees Celsius) above average. But Iowa blew past its warmest February by 2 degrees, while parts of Minnesota were 20 degrees warmer than average for all of February, Gleason said. A strong ridge of high pressure kept the eastern United States warm and dry, while California kept getting hit with atmospheric rivers, she said. Winter weather expert Cohen, who is based outside of Boston, joked that the U.S. no longer has four seasons: "We have two seasons.

Persons: “, El Nino, ”, Jeff Masters, Masters, Karin Gleason, Gleason, Copernicus, Judah Cohen, Cohen, ” Cohen, Theresa Crimmins, weren’t, Crimmins, ” Crimmins, Patrick Whittle, ___ Read, Seth Borenstein Organizations: National Phenology Network, El, Climate, National Oceanic, Atmospheric Administration, National Centers for Environmental, Iowa, El Nino, Associated Press, Atmospheric Environmental Research, National Weather Service, Rutgers Snow Lab Locations: America, Colorado, New Jersey, Texas, Carolinas, U.S, Michigan, United States, Minnesota, Great, California, El, That's, Boston, Europe, Asia, Fort Kent, Maine, Portland , Maine, AP.org

☆ Goldman Sachs says the soft landing for the economy is 'on track'
▼ + stars: | 2024-01-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Declining inflation rates and consistent growth should create a solid background for stocks and other risky assets, even though some bouts of volatility are likely, according to Goldman Sachs. Broadly speaking, a "soft landing [is] on track," the firm said in a client note in which Goldman market experts said they expect the Federal Reserve soon to make a nod toward an easing in monetary policy that also will be market-positive. "The broad data still points firmly in the direction of easing inflation pressure and resilient growth, especially in the US," wrote Dominic Wilson, senior advisor in Goldman's Global Markets Research Group. But we still think it makes sense to fade those pullbacks and expect US equities and credit to make new highs, as they have been." "This week's FOMC meeting will need to remove the tightening bias to keep March alive, as the [Bank of Canada] did last week, but is unlikely to preview a March cut," Wilson wrote.

Persons: Goldman Sachs, Goldman, Dominic Wilson, Wilson, Michael Bloom Organizations: Federal Reserve, Markets Research, Gross, Bank of, CME Locations: Bank of Canada

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