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☆ Google shows off how AI Gmail, Photos and shopping will work
▼ + stars: | 2024-05-14 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

CNN —A day after OpenAI impressed with a startlingly improved ChatGPT AI model, Google showed off its vision for how AI will improve the products that billions of people use every day. Google showed how it wants its AI products to become a bigger part of users’ lives by sharing information, interacting with others, finding objects around the house, making schedules, shopping and using an Android device. Simply put, Google wants its AI to be part of everything you do. Google CEO Sundar Pichai showed off various new features powered by its latest AI model Gemini 1.5 Pro. One new feature, called Ask Photos, allows users to search photos for deeper insights, such as asking when your daughter learned to swim or recall what your license plate number is, by looking through saved pictures.

Persons: OpenAI, Sundar Pichai, Pichai, —, ”, Google’s, Jacob Bourne, it’s Organizations: CNN, Google, Gmail, Google Lens, Astra, “

☆ OpenAI unveils newest AI model, GPT-4o
▼ + stars: | 2024-05-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

The new model, called GPT-4o, is an update from the company’s previous GPT-4 model, which launched just over a year ago. Rivals including Google and Meta have been working to build increasingly powerful large language models that power chatbots and can be used to bring AI technology to various other products. The OpenAI event came one day ahead of Google’s annual I/O developer conference, at which it’s expected to announce updates to its Gemini AI model. OpenAI executives demonstrate the company's latest large language model, GPT-4o. Free ChatGPT users will have a limited number of interactions with the new GPT-4o model before the tool automatically reverts to relying on the old GPT-3.5 model; paid users will have access to a greater number of messages with the latest model.

Persons: OpenAI, Mira Murati, ” Murati, ChatGPT, “ You’re, Scarlett Johansson, ”, Sam Altman, it’s Organizations: New, New York CNN, Monday, San, Rivals, Google, Gemini, Apple, Worldwide Developers Conference, Microsoft Locations: New York, ChatGPT, San Francisco

☆ The Home Insurance Crunch: See What’s Happening in Your State
▼ + stars: | 2024-05-13 | by ( Christopher Flavelle | Mira Rojanasakul | ) www.nytimes.com time to read: +4 min

The Home Insurance Crunch: See What’s Happening in Your StateAs climate change makes disasters more frequent and severe, the insurance industry is in tumult. Even in the Northeast, where homeowners insurance was still generally profitable last year, trends are worsening. In the state of Profitability of homeowners insurance in Iowa Source: AM Best Ratio of revenue to costs for homeowners insurance statewide. To measure the financial health of the homeowners insurance industry, The New York Times assembled data that compares revenues with costs for insurers in each state. The data show that homeowners insurance was unprofitable in 18 states last year, up from eight in 2013.

☆ This agricultural trade is bottoming with more upside likely ahead, according to the charts
▼ + stars: | 2024-05-13 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: MOO, Katie Stockton Organizations: Deere, Co, Teucrium Wheat, Fairlead, CNBC Pro, Securities

☆ As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose
▼ + stars: | 2024-05-13 | by ( Christopher Flavelle | Mira Rojanasakul | ) www.nytimes.com time to read: +28 min

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Persons: Dave Langston’s, Langston, ”, Dave, Linda Langston, Conn ., S.D, N.M, “, Dave Jones, Carolyn Kousky, “ It’s, Sridhar Manyem, Bill Montgomery, Kristin Heiges, Eldon Neighbor, That’s, Tom O’Meara, Kelsey Kremer, Reinsurers, Doug Ommen, Brandi Mace Storm, David Storm, Tim Kuehner’s, Brandi Mace Storm’s, haggling, Pekin, Mace Storm, Susan Crisler, Tim Kuehner, Tony J, Larson, Chesleigh Fowler, Kelley Erstine, Mr, Erstine, ” Kevin Walters, California Colorado Utah Washington Matt Child, Matthew Baker, Ariz, ” Mr, Baker, Amy Bach, United, Dave Langston, Ommen, Tim Zawacki, Lyndsey Layton, Douglas Alteen, Claire O'Neill, Matt McCann Organizations: IOWA MINNESOTA SOUTH, COLORADO ARKANSAS, NEBRASKA COLORADO, SOUTH, New York Times, Ark . Iowa Ariz, Minn, La . Iowa Iowa Neb, Neb . Texas Idaho Ga, ND Iowa, S.D . Miss, Wash . Ohio Utah Wis, University of California Berkeley, Treasury Department, Environmental Defense Fund, State, NOAA, Celina Insurance, Secura Insurance, Secura, Homeowners, Swiss, Des Moines Register, Associated, “, Iowa, Iowa Minnesota Wisconsin, Pekin Insurance, Pekin, Christensen Group Insurance, Travelers, Nationwide, Indiana Ohio Michigan Illinois, . Arkansas Kentucky Florida Tennessee, Tennessee Department of Commerce and Insurance, ”, Washington, Wildfire, California Colorado, California Colorado Utah Washington, P Global Market Intelligence Locations: Iowa, IOWA MINNESOTA, IOWA MINNESOTA SOUTH DAKOTA NEBRASKA, COLORADO, COLORADO ARKANSAS KENTUCKY ILLINOIS, IOWA MINNESOTA SOUTH DAKOTA, NEBRASKA COLORADO ARKANSAS, KENTUCKY ILLINOIS, SOUTH DAKOTA NEBRASKA, COLORADO ARKANSAS, Iowa , Minnesota, South Dakota , Nebraska , Colorado , Arkansas , Kentucky, Illinois, Cedar Rapids, Cedar Rapids , Iowa, Marshalltown , Iowa, Florida , California, Louisiana, Iowa , Arkansas , Ohio, Utah, Washington, Colo, Mass, Colo . Calif, Calif, Colo . Ala, Colo ., Mont, Fla, Ark . Iowa, Colo . Ill, S.D, N.D, Conn, Del . Idaho Fla, Miss, Neb ., Ky, Ga, Hawaii Mont, N.M . Iowa Fla, Mont ., La . Iowa, Neb . Texas Idaho, ND, Md, Ill, Wyo, Ill . Idaho, . Ill, Minn, Ind, S.D . Vt, La . Texas Mont, Neb . NC, Neb . Mich, N.M, S.D ., Va . Ore . Ohio Mo . Texas, Tenn, Wash . Ohio Utah, Okla, Tenn . Utah, Wis, S.D . Va . Ore . Ohio Mo . Texas, California, American, U.S, Pennsylvania, Arizona, Wisconsin, United States, Marshalltown, Iowa Minnesota, Iowa Minnesota Wisconsin South Dakota, Celina, Pekin, Des Moines, Minnesota, Illinois , Indiana , Ohio, Illinois , Indiana, Michigan, Arkansas, Kentucky, Tennessee, . Arkansas Kentucky Florida, Georgia , Kentucky, Mississippi, Washington State, California Colorado Utah, Salt Lake City, Phoenix, Flagstaff, it’s, Gilbert, Seattle, Colorado, Florida’s, Central City , Iowa, Georgia

☆ These 2 charts show just how little faith Americans have in the economy
▼ + stars: | 2024-05-12 | by ( Paul Squire | Madison Hoff | ) www.businessinsider.com time to read: +1 min

Consumers aren't buying it, per the latest monthly survey of how Americans feel about the economy. These charts show how gloomy Americans feel, despite the numbers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIndicators be damned: US consumers are still gloomy about the state of the economy. This story is available exclusively to Business Insider subscribers.

Persons: —, Joanne Hsu Organizations: Consumers, Service, University of Michigan, Business

☆ People keep celebrating their birthdays at Costco. Here's how they're doing it.
▼ + stars: | 2024-05-12 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +4 min

Read previewA Tennessee woman racked up over 11 million views on her TikTok video, which showed her surprising her husband with a birthday party at Costco. It ends with a birthday party in the food court: guests are gathered around a Costco birthday cake, and a clown is even shown making balloon animals. The woman invited around 30 family and friends to her husband's surprise 27th birthday party on May 5 at Costco, she told People magazine. But this isn't the only Costco fan to throw a birthday party at the store; several other Costco birthday party TikToks have gone viral recently. AdvertisementIt can be a cheap alternative for a birthday partyLast year, a TikToker went viral for her budget-friendly Costco birthday.

Persons: —, it's, Clint, TikToks, Madison Stimmel, @katscollections, commenter, wouldn't, Madison Stimmel's TikTok, Stimmel Organizations: Service, Costco, Business, Fort Oglethorpe, Costco ., Kansas City Costco Locations: Ringgold , Georgia, Costco . Madison, Manhattan

☆ Jerry Seinfeld asked Chris Rock to recreate the Will Smith Oscars slap for his Netflix movie. Rock turned him down.
▼ + stars: | 2024-05-10 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Jerry Seinfeld tried to get Chris Rock to recreate the moment Will Smith slapped him. Seinfeld told a podcast he tried to involve Rock not long after the slap for his movie "Unfrosted." AdvertisementJerry Seinfeld said he wanted Chris Rock to recreate the moment Will Smith slapped him on the Oscar stage for his new movie "Unfrosted." In 2022, Smith walked onstage during the Oscars ceremony and slapped Rock after the comedian joked about the Smith's wife's bald head. Related stories"We shot that right after the Will Smith slap, and I was going to have somebody come up on the stage and have Chris punch him out as they got there," Seinfeld said.

Persons: Jerry Seinfeld, Chris Rock, Will Smith, Seinfeld, —, Smith, Rock, Dana Carvey, David Spade, Seinfeld's, Chris, Cedric, Carvey, Jada Pinkett Organizations: Service, Netflix, Rotten, Forbes

☆ Eurovision is back, but will Baby Lasagne or Nemo triumph? Your complete guide
▼ + stars: | 2024-05-10 | by ( Rob Picheta | ) edition.cnn.com time to read: +11 min

“People are like ‘OK, Sweden is the spiritual home of Eurovision’ – I see Eurovision as this moving entity,” she tells CNN. “The whole product, ABBA, is a vibe, isn’t it?”ABBA sing "Waterloo" at Eurovision 50 years ago. But ABBA are the past; Baby Lasagne, Windows95Man and Nemo – a person, not a fish – are very much the present. This year’s slim favorite is Baby Lasagne, whose arena-pounding anthem “Rim Tim Tagi Dim” describes a brain drain affecting Croatian towns. He credits his fiancée with helping him launch his career – “She’s the lasagne, and I’m just the baby,” he tells CNN.

Persons: Paul Anka, Abba –, Loreen, –, “, Loreen –, they’ve, ” Loreen, Olle Lindeborg, Lasagne, Nemo, Sarah Bonnici, aga, you’d, Music ”, Dominic Lipinski, Marcus, Martinus, ”, – “, I’m, Switzerland’s Nemo, ” Nemo, ” Joost Klein's, Jens Büttner, Joost Klein, Teemu Keisteri, he’s, Windows95Man, it’s, Belgium’s Mustii, Bonnie Tyler’s, Sanjin, Marina Satti, Hera Bjork, ” Saba, Slimane, who’s, ” Poland’s Luna, Jeff Spicer, ” we’re, Luna “, doesn’t, we’re, ” Portugal’s, … “, Alyona Alyona, Jerry Heil, Jens Bittner, ” Joost Klein, bro, airdropped, Angelina, Greta Thunberg, Eden Golan, audibly, they’ll, oddballs gunning Organizations: CNN, Waterloo, Malmo, Eurovision, Getty, Pulitzer, aga … aaa, aaa, United, Music, MAG, San, ” “ Hurricanes, Israel, European Broadcasting Union Locations: Sweden, AFP, Malmo, Europe, Armenia, wail, Gaza, Israel

☆ Bitcoin price may not retest this year's highs for another five months
▼ + stars: | 2024-05-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

"It could take three to five months for bitcoin to re-test recent highs," H.C. Wainwright analyst Mike Colonnese told CNBC. BTC.CM= 3M mountain Bitcoin has fallen 11% this quarter Bitcoin miners offer high beta exposure to bitcoin and have historically outperformed it during bull cycles, he added. Colonnese also pointed out that corrections between 25% and 30% are "par for the course" for bitcoin, even in bull cycles. "Looking at previous price cycles, bitcoin has historically peaked between one to one and a half years after a halving event with the bull stage running longer in each subsequent cycle," Colonnese said. "Assuming a similar duration for this bull stage of the price cycle, bitcoin may not reach its cycle peak until October 2025," Colonnese added.

Persons: it's, bitcoin, Wainwright, Mike Colonnese, Wolfe, Rob Ginsberg, Colonnese, Bitcoin, It's, — CNBC's Michael Bloom Organizations: U.S, Metrics, CNBC, Wolfe Research

☆ Software stock forming a 'big base breakout' that heralds more gains ahead, according to the charts
▼ + stars: | 2024-05-09 | by ( David Keller | ) www.cnbc.com time to read: +3 min

But the real story from a technical perspective is that this week's move appears to complete a "big base breakout" pattern — a sign of potentially much greater gains in the coming months. This resistance level continued to hold, with subsequent peaks through the end of 2022 and into 2023 all hitting this same price point before rebounding lower. In March of this year, SQSP finally broke above this resistance level around $33.70, which then became a support level in late April. 'Big base breakout' The daily chart shows how often this $33-34 range was tested all through 2023 and into early 2024. One of the key features of a "big base breakout" is a frequent test of the upper end of the trading range.

Persons: Squarespace, SQSP, Alan Shaw, David Keller Organizations: Squarespace Inc, CMT

☆ Chris Pine on His Best Movie Roles: 'Wonder Woman,' 'Star Trek,' 'Unstoppable,'
▼ + stars: | 2024-05-08 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +11 min

Whether he's playing the handsome leading man in a rom-com or an intensely focused franchise star, Pine has the uncanny ability to adapt into the movie star that's needed at any particular moment. I learned more from that set about what it means to be a movie star than probably anything else. On turning down 'Wonder Woman' twice before director Patty Jenkins convinced him by bringing up 'Casablanca'"Wonder Woman." Warner Bros. PicturesBy the time you did the "Wonder Woman" franchise, you had done your fair share of blockbusters. Even think of "Wonder Woman 1984" — that's a blockbuster movie that is a hero's journey not about revenge.

Persons: Chris Pine, he's, Don Mattingly, Annette Bening, Danny DeVito, Gwynne Gilford, Robert Pine, Sergeant Getraer, Jack, Pine, Anne Hathaway, David Caruso, it's, Kirk —, Kirk, William Shatner, Karl Urban, McCoy, Karl, Spock, Zach, Quinto, Leonard, Nimoy, Abrams, Shatner, Denzel, Denzel Washington, Tony Scott, Mark Bomback, I'm, you'd, Ben Foster, Taylor, Sheridan, David, Mackenzie, Jeff Bridges, Jeff, Ben, hadn't, Patty Jenkins, Patty, Steve Organizations: Business, Yankee, Washington, Walt Disney Pictures, CSI, Paramount Pictures, Denzel Washington, Denzel, Denzel Washington —, CBS, Warner Bros ., gonzo Locations: cardigan, Pine, Coast, heartthrob, Miami, Casablanca

☆ Bank stocks seem poised for a breakout, according to the charts
▼ + stars: | 2024-05-08 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Bank stocks have been in comeback mode since making a key low post the regional bank crisis in 2023. A new breakout could be on the horizon, according to the charts. Two of the most popular bank ETFs are the SPDR S & P Regional Banking ETF (KRE) and the SPDR S & P Bank ETF (KBE) . Both are lagging the S & P 500 in 2024, which is +8.2% YTD. The bottom line is that both KRE and KBE have been forming bullish patterns, and we could see breakout attempts soon.

Persons: KRE, it's, Frank Cappelleri Organizations: JPMorgan, Regional Banking, P Bank ETF

☆ This emerging Nike competitor is set to break out ahead of earnings, according to the charts
▼ + stars: | 2024-05-07 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Has the time arrived for the stock to break free from a range heading into earnings next week? There has been much hype around this emerging Swiss company that grew revenues by 68% in 2022, 46% in 2023, and are expected to grow revenues by more than 25% in 2024 and 2025. Technically speaking ,that range of overhead resistance for On Holding (ONON) is easy to see on the weekly chart below. There was weekly downtrend line resistance originating from the 2022 high that was broken in Q1 '24. On earnings ahead Heading into earnings, I think it's wise to refer back to Q4 of 2023 earnings announced on March 12.

Persons: Shoemaker, I've, CROX, Todd Gordon, Gordon, ONON Organizations: Nike, Air, swiss, Inside Edge, Edge Capita Locations: Swiss, U.S, SKX

☆ Jim Cramer hits the charts with the S&P 500
▼ + stars: | 2024-05-06 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer hits the charts with the S&P 500'Mad Money' host Jim Cramer takes a closer look at swings in the S&P 500 and what they could predict about the indexes next moves.

Persons: Jim Cramer

☆ This sector ETF that won big in April is set to outperform again after a pause, according to the charts
▼ + stars: | 2024-05-06 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

Persons: XLU, Katie Stockton Organizations: Utilities, Fairlead, CNBC Pro, Securities

☆ Opinion: The latest example of Trump’s seeming obsession with Nazism
▼ + stars: | 2024-05-05 | by ( Opinion Dean Obeidallah | ) edition.cnn.com time to read: +6 min

Dean Obeidallah CNNIt’s not the first time Trump has kicked off an event by playing this song that celebrates the January 6, 2021, attackers. But that wasn’t even the most offensive thing Trump did at Saturday’s private luncheon for donors, which was held at his Mar-a-Lago club. It was Trump, after all, who has said that he would be a dictator on “day one” of his administration. And the fact is, there is one major party presidential candidate who repeatedly has invoked Nazi language — and it’s not Biden. In December, Trump caused a firestorm when he parroted language used by Hitler by describing migrants as “poisoning the blood” of the United States.

Persons: Dean Obeidallah, Donald Trump, ”, Dean Obeidallah CNN It’s, Trump, —, Joe Biden, indignantly, Prosecutors, Stormy Daniels, Adolf Hitler, it’s, Biden, Hitler, Mein, Trump hasn’t, “, ’ ” Trump, Hermann Göring, Lara Trump Organizations: CNN, Republican National, Trump, Dean Obeidallah CNN, Nazi, Republican National Committee, Gestapo, Republican, Beer, Twitter, Facebook, GOP, RNC Locations: Europe, New York, United States, Iowa, Bavaria, Germany

☆ The ‘Star Wars’ timeline is confusing. Here’s when ‘The Acolyte,’ ‘Ahsoka’ and more take place
▼ + stars: | 2024-05-04 | by ( Scottie Andrew | ) edition.cnn.com time to read: +17 min

Worry not, padawans: CNN has laid out a comprehensive timeline of the “Star Wars” canon so you can follow all of the franchise’s time-jumps without getting lost in space. These details are pulled from the official “Star Wars” resources “Ultimate Star Wars” and “Star Wars Character Encyclopedia,” as well as a chart of the eras explored throughout the franchise. ‘Star Wars: The Clone Wars’ (animated series)Ahsoka is Anakin's padawan in "The Clone Wars," and he lovingly calls her "Snips." ‘Star Wars Rebels’Kanan Jarrus, Zeb Orrelios and Sabine Wren take on the Empire in "Star Wars Rebels." ‘Rogue One: A Star Wars Story’Heroes attempt to find the plans to blow up the Death Star in "Rogue One."

Persons: we’ve, Rey Skywalker, Jin, Anakin Skywalker, Wan, Anakin, who’s, Anakin’s, Darth Maul, Palpatine, Darth Sidious, Obi, “, Padmé, ”, Count Dooku, Warner, Ahsoka Tano, Sidious, Darth Vader, Luke, Leia, Vader, ‘, Han, Chewie, Jonathan Olley, scoundrel Han, Thrillist, frenemy, Lando Calrissian, ‘ Obi, Kanan Jarrus, Zeb Orrelios, Sabine Wren, ‘ Andor, Cassian Andor, Jyn Erso, Jyn, ’ Luke, —, Yoda, batty, Lando, Yikes, Jabba, redeems, VI, VII, Grogu, Mando, Boba Fett, Jango Fett, flitted, Boba, Din, ” It’s, Ahsoka, Jabba the, Suzanne Tenner, Ezra Bridger, Hera Syndulla, Thrawn, Rey, Kylo Ren, ” Rey, stormtrooper Finn, Kylo, ’ Finn, Phasma, Ren, Snoke, MacGuffin, Poe, Emperor Palpatine, she’s, Jude, Kerry Condon, Lee Jung, jae, Amandla, Leslye Headland, James Mangold, Indiana Jones, Dave Filoni, Daisy Ridley Organizations: CNN, “, “ Star, Lucasfilm, Everett, Lucasfilm Ltd, USA, ‘, Warner Bros, Fox, Empire, Tech, Disney, Walt Disney Studios, ‘ Star Wars Rebels, Star Wars Rebels, AV, Pictures, Rebel, Rebels, Galaxy, imperials, Rotten, “ Star Wars Rebels, Force, Rey, C3PO, Jude Law, Variety Locations: Yavin, “, Republic, Hunter, Luke’s, ”, USA, carbonite, New Republic, Endor

Great Barrier Reef, Australia CNN —As the early-morning sun rises over the Great Barrier Reef, its light pierces the turquoise waters of a shallow lagoon, bringing more than a dozen turtles to life. CNN witnessed bleaching on the Great Barrier Reef in mid-February, on five different reefs spanning the northern and southern parts of the 2,300-kilometer (1,400-mile) ecosystem. “It’s a die-off,” said Professor Ove Hoegh-Guldberg, a climate scientist at the University of Queensland in Australia and chief scientist at The Great Barrier Reef Foundation. Our destination is Lady Elliot Island, a remote coral cay perched on top of the southern end of the Great Barrier Reef. — Lady Elliot Island Eco Resort Guano miners once stripped Lady Elliot Island of its topsoil.

Persons: Elliot Island, ”, Kate Quigley, “ We’re, Ove Hoegh, I’m, Guldberg, ‘, Elliot, Peter Gash, “, ” Gash, Lady Elliot, ” Peter Gash, CNN Gash, Derek Manzello, Peter Harrison, “ We’ve, ” Harrison, ” David Ritter, ” Ritter, David Wachenfeld Organizations: Australia CNN —, Atmospheric Administration, NOAA, CNN, Minderoo, University of Queensland, Eco, Reef Watch, Southern Cross University, Australian Institute of Marine Science, Greenpeace, Australia CNN Scientists, AIMS Locations: Australia, El, Brisbane, Queensland, Red Sea, Indonesia, Seychelles, Caribbean, Florida, “, New South Wales, Greenpeace Australia, Briggs, Elliot Island

☆ Are you still using your Apple Vision Pro? Tell me what you do with it — I genuinely want to know.
▼ + stars: | 2024-05-03 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

Apple's Vision Pro headset was the buzziest gadget when it was released, but the excitement has fizzled. The hype and anticipation surrounding the Vision Pro were off the charts. Related storiesI got to try it out a little when my colleague Jordan Hart was testing the Vision Pro for her review. (I do have a friend who bought a Vision Pro and returned it). I genuinely am curious about what Vision Pro lovers are doing with theirs.

Persons: I'm, —, Jordan Hart, Jordan, didn't, That's, it's Organizations: Apple, Service, Apple Vision, Vision, Pro, eBay

☆ Recent breakdown suggests $52,000 is the next stop for bitcoin, according to the charts
▼ + stars: | 2024-05-02 | by ( David Keller | ) www.cnbc.com time to read: +3 min

With bitcoin finally breaking below that support level at $60k this week, we see much further downside potential before the long-term uptrend resumes. You may also notice the breakdown below an ascending 50-day moving average during the second week in April. Going into May, bitcoin is making lower lows and lower highs, and now sits below a downward-sloping 50-day moving average. BTC.CM= 1Y mountain Bitcoin, 1-year Where could we expect potential support if the downtrend continues? The 200-day moving average is right around there, and big round numbers like $50k and $60k have often served as important thresholds for the cryptocurrency.

Persons: Bitcoin, bitcoin, It's, David Keller Organizations: RSI, CMT

☆ Duane Eddy: Groundbreaking American guitarist dies age 86
▼ + stars: | 2024-05-02 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —Guitarist Duane Eddy, best known for twangy riffs on hits such as “Rebel Rouser” and “Cannonball,” has died at the age of 86, it has been reported. “Duane inspired a generation of guitarists the world over with his unmistakeable signature ‘Twang’ sound. Duane Eddy was one of my most important influences. “We are deeply saddened to hear of the passing of Duane Eddy. As a legendary guitarist, he inspired generations with his pioneering twangy sound and musical innovations,” reads the post.

Persons: Duane Eddy, ”, Eddy, “ Duane, “ Peter Gunn ”, They’re Young, Terry Wyatt, “ Forrest Gump ”, Kyle Young, don’t, Duane, Young, George Harrison, Steve Earle, Bruce Springsteen, Marty Stuart, ” Eddy, Mark Humphrey, Dave Davies, “ Organizations: CNN, Variety, Hall of Fame, Musicians Hall of Fame, Central Press, Hulton, Country Music Hall of Fame, Ventures, US, Gretsch Locations: Corning , New York, Nashville , Tennessee

☆ Are Smartphones and Social Media Driving a Teen Mental Heath Crisis? - The New York Times
▼ + stars: | 2024-05-01 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +4 min

First, that American teenagers are experiencing a mental health crisis; second, that it is the fault of phones. “Smartphones and social media are destroying children’s mental health,” the Financial Times declared last spring. What do we really know about the state of mental health among teenagers today? But the American suicide epidemic is not confined to teenagers. Is there a stronger distress signal in the data for young women?

Persons: Haidt’s, Jean Twenge, —, Z, ”, It’s, Max Roser Organizations: Big Tech, Financial Times, New York Times, Guardian, Yorker Locations: France, Spain, Italy, Austria, Germany, Greece, Poland, Norway, Belgium, Sweden

☆ Breaking Barriers: Filipino-American entrepreneur charts new territory in fitness industry
▼ + stars: | 2024-05-01 | 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 EmailBreaking Barriers: Filipino-American entrepreneur charts new territory in fitness industryMeet Jose Bendictio IV, a trailblazing Filipino-American entrepreneur who is defying the odds and making waves in the fitness world. As the first in his family to embark on the entrepreneurial journey, he is breaking barriers and inspiring others along the way. His gym, Hooked Boxing and Fitness in Neptune, New Jersey, is more than just a gym—it's a testament to his passion and drive. With determination and ambition, Jose shows that anyone, regardless of background, can turn dreams into reality.

Persons: Jose Bendictio IV, Jose Locations: American, Neptune , New Jersey

☆ A tip from the charting pros for navigating this difficult market
▼ + stars: | 2024-05-01 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

Currently, the S & P 500 just endured four 1% declines in a month for the first time since last October (5). The index's 20-day moving average has undercut the 50-day moving average for the first time since November, and there's a noticeable potential three-month topping pattern in play, as well. The 20-day moving average just crossed above the 50-day moving average, and both lines have started to curl higher. To drive this point home further, the upside-down version of the current S & P 500 looks a lot like… the S & P 500 (right-side-up) from last fall, as the index was coming back from the August-October correction. Here's a picture of the biggest bullish pattern from 2023, which was triggered soon after the 20-day moving average crossed over the 50-day moving average.

Persons: permabears, permabulls, it's, Frank Cappelleri

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