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☆ The 'richcession' isn't happening. The ultra-wealthy have never been richer and they're still spending like crazy.
▼ + stars: | 2023-07-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Experts say the richest are actually even richer and spending more than they were before the pandemic. Most Americans now have "spent up" demand for goods, but still have pent up demand for services, Zandi says. In her experience, luxury spending is highly correlated with the stock market, and investors have enjoyed handsome returns so far this year as the S&P 500 rebounds from its 2022 lows. The luxury services sector was a particular hot spot. "If this is a richcession, the rich are probably saying, bring it on," Zandi said.

Persons: they've, Mark Zandi, Zandi, they're, Rather, pricey Taylor Swift, Taylor Swift, Patek Philippe, Claudia D'Arpizio, D'Arpizio, Scott Dunn, Bridget Lackie, Lackie, Jennifer Stillman, Douglas Elliman, we've, Stillman Organizations: Service, Wall Street, Rolex, Bain & Company Locations: YOLO, Wall, Silicon, New York

☆ The US economy is weakening as YOLO spenders pull back from 'fun and games,' economist David Rosenberg says
▼ + stars: | 2023-07-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Consumers that are eager to spend are starting to pull back on "fun and games," economist David Rosenberg said. That spells trouble for the economy, as these so-called YOLO spenders have propped up growth. So-called "fun and games" spending has softened in areas outside of cruise lines and air travel, Rosenberg said, which likely spells trouble for the economy in the coming months. Though GDP grew in the second quarter, real gross domestic income has already fallen into a recession, Rosenberg said, with the measure shrinking over the last two quarters. Markets have been fretting over a potential recession for the past year, as the Fed aggressively hiked interest rates to control inflation.

Persons: David Rosenberg, " Rosenberg, Rosenberg Organizations: Service, CNBC, Fed Locations: Wall, Silicon, YOLO

The market for e-bike delivery has grown dramatically in the past few years. Here's how startups, delivery companies, and city governments are improving safety. The explosion of delivery startups and e-bikes in the past few years has led to a new type of boom: increasing battery fires. "E-bike batteries are made up of a bunch of small batteries stacked together," Charlie Welch, ZapBatt's cofounder and CEO, said. JOCOOther startups, such as Popwheels, are engineering safe batteries that are compatible with the e-bikes delivery drivers already own.

Persons: —, Uber, Ravindra Kempaiah, Michael Pecht, Brian O'Connor, O'Connor, Charlie Welch, ZapBatt's, Welch, Jonathan Cohen, Grubhub, Jonathan A, Cohen, David Hammer, Hammer, Baruch Herzfeld, they've, We've Organizations: Bloomberg, Zen Electronics, University of Maryland, Fire Protection Association, UL Solutions, US Consumer Product Safety Commission, UL Locations: New York City, New York, Halifax , Nova Scotia, China, Carlsbad , California, Brooklyn , New York

☆ Netflix’s cash gun starts to whir
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, July 19 (Reuters Breakingviews) - Netflix (NFLX.O) is putting out some programming worthy of more eyeballs. But its forecast on free cash flow – once a horror flick– shows that the business is only getting stronger. The revenue outlook for the third quarter of $8.5 billion is below analysts’ estimates of $8.7 billion, according to Refinitiv. Netflix raised its outlook for free cash flow this year to at least $5 billion from approximately $3.5 billion. At a time when high interest rates make greenbacks more expensive, and competitors Walt Disney (DIS.N) and Warner Bros Discovery (WBD.O) are squirming, Netflix’s cash story is one to watch.

Persons: Reed Hastings, Walt Disney, Jennifer Saba, Gucci, Xavier Niel’s, Lauren Silva Laughlin, Sharon Lam Organizations: YORK, Reuters, Netflix, Hollywood, Warner Bros Discovery, Twitter, Xavier Niel’s GAM, Commonwealth Games, Thomson

☆ Tired of Barbiecore? Make This an ‘Eric Rohmer Summer.’
▼ + stars: | 2023-07-18 | by ( Sarah Rosen | ) www.nytimes.com time to read: +1 min

She’s rolling in the grass dressed in sunflower yellow, kissing a man about whom she’s passionately ambivalent (“Boyfriends and Girlfriends,” 1987). She’s strolling through the countryside in a fleecy blue sweater, having no fun at all (“The Green Ray,” 1986). This is summer love, Eric Rohmer-style: It isn’t easy, but it sure is chic. The characters are “often on vacation, so you want something that’s sort of breezy that you can move in,” she said. “His clothes aren’t extravagant, but they’re elegant in this easy, ineffable way.”

Persons: she’s, Ray, She’s, Frenchman, Eric Rohmer, ” Alexandra Tell, ” Locations: France

My husband and I were ready to sell our home — then our buyer backed out due to an interest rate hike. Reduce your risk when you buy before you sell with a guaranteed backup offer from Calque. In May 2022, my husband and I decided to list our house for sale. We strategically switched RealtorsI can't stress enough how important choosing the right Realtor for the job is. We considered different loan typesAt first, I was afraid to accept offers from FHA loan buyers.

Persons: —, didn't, we'd Organizations: Calque, Federal Reserve, Realtors Locations: Calque

☆ 'Shark Tank' CEO who started with $500: This tip helped me top $4.9 million in revenue
▼ + stars: | 2023-07-17 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

Today, she's made over $4.9 million in lifetime revenue — and a lesson from guest shark, Emma Grede, helped her do it. Philomina Kane was 26 years old when the clothing business she started with $500 landed her a six-figure deal on ABC's "Shark Tank." Grede's advice ended up proving immediately useful while Kane deliberated her "Shark Tank" deal. "Shark Tank was one of the best moments of my life," she says. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."

Persons: Kane, she's, Emma Grede, Philomina Kane, Lori Greiner, Emma, it's, Warren Buffett Organizations: CNBC, Kin Apparel, Apparel, Kin

MV Lara Cruise Ship Courtesy: Miray CruisesA unique offer to cruise around the world for three years — which appeared at risk of running aground earlier this year — now is boasting of a bigger ship. Such bonds reimburse U.S.-boarding passengers if cruise operators fail to complete the booked trips. In March, Life at Sea originally offered what it called the "world's first — and only — three-year cruise" aboard the prior ship, MV Gemini. View of a cabin onboard the MV Lara cruise ship. While she almost pulled out of the trip after controversy over the initial plan to use the Gemini for the cruise, Thomas is now committed to the voyage.

Persons: Cruise, Gemini, Mikael Petterson, Petterson, Petterson's, Barbara, Lara, Kendra Holmes, Miray, Holmes, Thomas, Shirene Thomas, They've, people's Organizations: CNBC, Sea Cruises, Miray Cruises, Federal Maritime Commission, U.S, Gemini, Facebook, Victoria Cruises, [, Miray Locations: —, United States, Florida, North Carolina, Wilmington , North Carolina, U.S, Miami, Istanbul

☆ Alcaraz seizes the throne as Djokovic finally meets his match
▼ + stars: | 2023-07-16 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

Of course, he did, because you do not have 23 Grand Slam titles in the bank by ducking a fight in moments of crisis. Young pretenders have repeatedly tried and failed to take Djokovic down at Wimbledon -- Matteo Berrettini in the 2021 final and Nick Kyrgios last year. That he did it with Djokovic still at the peak of his powers and halfway to a calendar-year Grand Slam, made it feel like a seismic moment in men's tennis. "I've won some epic finals that I was close to losing so it's fair and square," Djokovic, who saved match points when beating Roger Federer in 2019, told reporters. The bull-like Spaniard, playing only his second Grand Slam final compared to Djokovic's record 35, might have folded after being schooled by the master in a 34-minute opening set.

Persons: Novak Djokovic, Carlos Alcaraz, Young, Matteo Berrettini, Nick Kyrgios, Boris Becker, Manuel Santana, Rafa Nadal, Djokovic, I've, Roger Federer, Carlos, Federer, Serena Williams, Spain's Carlos Alcaraz, Serbia's Novak Djokovic, Andrew Couldridge, Novak, King Felipe, Carlos Carlos, Margaret Court's, Alcaraz, Djokovic's, Martyn Herman, Toby Davis Organizations: Wimbledon, Lawn Tennis, Croquet Club, Serbia's Novak Djokovic REUTERS, Thomson Locations: ducking, Wimbledon, tennis, London, Britain

☆ Britain's Labour focuses on economy as PM Sunak faces electoral test
▼ + stars: | 2023-07-14 | by ( Andrew Macaskill | ) www.reuters.com time to read: +5 min

He swiftly went back to concentrating his attacks on the government's handling of the economy and public services. "People are all talking about what is going on with the economy and the crisis that is affecting so many ordinary lives." Sixty-four percent of voters said the economy was the most important issue for them in a YouGov survey earlier this month. 'BUCKET FULL OF HOLES'Uxbridge and South Ruislip, on the western edge of London, is traditionally a Conservative stronghold. Labour's message is more focused on national issues such as the economy and mortgages, while the Conservatives are hammering local issues.

Persons: Danny Beales, Boris Johnson's, Susannah Ireland, Boris Johnson LONDON, Boris Johnson, Beales, Rishi Sunak, Johnson, Sunak, Maria Genjatovic, Paul Mathews, Mathews, Steve Tuckwell, Andrew MacAskill, Elizabeth Piper, Alex Richardson Organizations: Labour, British, REUTERS, London Labour, Labour Party, Conservatives, Reuters, Britain, Conservative, Thomson Locations: Uxbridge, South, Uxbridge , Middlesex, Britain, London, South Ruislip

☆ I'm an AI software engineer and I predict that most AI startups being funded today will die
▼ + stars: | 2023-07-14 | by ( Julie Bort | ) www.businessinsider.com time to read: +8 min

An AI engineer says most people don't understand what AI can really do and what it can't, yet. Those working in AI understand when startup claims are realistic and when they're mostly hype. Generative AI is just way, way overhyped right now and that means that many of the AI startups getting VC funding today are going to fail. Today's AI can't really do what so many startups say their apps can do because AI can't reliably predict things. So, how can you tell if an AI startup's technology will work or if it and the company will likely fail?

Persons: OpenAI, I've Organizations: salespeople, Amazon, Costco, Walmart Locations: San Francisco, Seattle , New York

☆ The US is short on homes. Here’s how builders are still offering the American Dream
▼ + stars: | 2023-07-14 | by ( Anna Bahney | ) edition.cnn.com time to read: +8 min

This relatively new and growing segment of the housing market is called “build for rent” or BFR (or “build to rent” or BTR). Often constructed in suburban areas with low crime and near good schools, BFR homes attract those who want the lifestyle of a house — but the affordability or convenience of renting. Over the past few years, however, large investment groups — like Home Partners of America or Invitation Homes — have got into buying up existing single-family homes to rent. Miller said demand for BFR homes is strong and suit a modern way of living involving remote work, lifestyle moves and delayed homeownership. Even as a small portion of the market, those BFR homes that are being built are not the smaller, more affordable homes that middle-income earners are looking for.

Persons: ”, David Howard, Howard, “, Ben Miller, ” Miller, Miller, Donald Trump’s, homeownership, Bruce McNeilage, ” McNeilage Organizations: DC CNN, National Rental Home, National Rental Home Council, Urban Institute, Home Partners of America, Research, Joint Center for Housing Studies, Harvard University, Kinloch Partners, Survey Locations: Washington, Texas , California , Arizona, Florida, North Carolina, Georgia, BFR, United States, Nashville, Greenville , South Carolina, Yardi

In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France. Ripple's XRP token went up 68% in the last 24 hours, leading a wider rally of major-cap altcoins, as crypto traders digest a key ruling that could stifle U.S. regulator efforts to stamp out digital asset trading. All four tokens were recently singled out as securities in the U.S. Securities and Exchange Commission's formal suits against popular crypto retail trading exchanges, including Binance and Coinbase . But the Thursday summary judgement from U.S. District Judge Analisa Torres calls that classification into question. Ripple maintained that its token is not a security — triggering ongoing confusion over which digital coins fall into which regulatory bucket.

Persons: Ripple's, Algorand's, Analisa Torres, Brad Garlinghouse, Renato Mariotti, Bryan Cave Leighton Organizations: U.S . Securities, Exchange, District, SEC, Labs, San, U.S . Southern, of New, U.S . Justice Department's Securities, Commodities Locations: Paris, France, San Francisco, U.S, of New York, Chicago

☆ Energy Secretary vows to 100% refill emergency oil stockpile by Biden's second term
▼ + stars: | 2023-07-12 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Fourth of July gas prices took an almost unprecedented plunge on an annual basis. “I forecast oil prices headed higher this decade and, if that’s right, then SPR refilling will largely stop. Although important symbolically, those 12.3 million barrels represents just a drop in the bucket. The reserve held 346.8 million barrels of oil as of the week ending July 7 according to federal data. Beyond the efforts to buy oil, the Energy Department won approval from lawmakers to cancel Congressionally-mandated sales of 140 million barrels of oil through fiscal 2027.

Persons: Joe Biden, Jennifer Granholm, Biden, ” Granholm, Granholm, it’s “, I’m, ”, Bob McNally, George W, Bush, “, McNally, We’re, Granholm ‘ Organizations: New York CNN Business —, CNN, Energy, Strategic Petroleum Reserve, Energy Department, AAA, Congressionally, Rapidan Energy Locations: Russia, Ukraine, Saudi, Saudi Arabia

☆ How 'Birkin Bandit' George Mickum Infiltrated NYC Society
▼ + stars: | 2023-07-12 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +52 min

"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.

Persons: George Mickum strode, Carlyle, Patty Hearst, He'd, Mickum, Birkin, swilling, Patty's, Gillian Hearst, Mr, George Mickum, Gillian Hearst's, George, Sally Painter, who'd, Peter Davis, Jackie O, Barbara Walters, Alessia Fendi, influencer Hannah Stella, Nick Hissom, Steve Wynn, Hearst, they'd, Prince Charles, Anna Delvey, Patty Hearst's, Rumor, he'd, wasn't, Met Breuer, Peter Poopat, George Santos, Trinity, Elisabeth Thieriot, Thieriot, Hermes, —, Painter, Paul Mickum, George Mickum III, Sally, Painter's, Poopat, PJ Pascual, Patrick McMullan, Ramona Singer, Lauren Lawrence, Lawrence, Van Cleef, Nicole Salmasi, Trudy, Mike Vitelli, Eric Schmidt, Schmidt, Eric, R, Couri Hay, They're, Astor, William Randolph Hearst, Orson Welles, Kane, Gillian's, Bill Clinton, Patty, Bernard Shaw, Gillian, Lydia —, Shaw, Maxim, Lydia, Kane we're, Christian Simonds, Pierre, Krista Corl, Dee Dee, Scott Buccheit, Naeem Delbridge, Pascual, who's, We're, buttering, Simonds, Matthew Kehoe, England, — Hearst, Delbridge, Hearst's, Mario Glen Coco, Hearsts, Astrid Stawiarz, Tiger Woods, Ernie Els, Justin Timberlake, Joe Lewis, Buccheit, Mary McCarthy, Lillian Hellman, Mickum's, Christie Grimm, Steve, Kameron Ramirez, Hissom, Ramirez, Nick, Hunt, Damien Hirst, Douglas Elliman, Harry Winston, David Fiszel, invitees, Fiszel, Darian, Winston, Martha Stewart's, Mendel minks, Vacheron Constantin, Tao, Melinda French Gates, Shawn Mendes, Bill, Hillary Clinton, Neiman Marcus, Damien Hirst's, Damien, weren't, Kelly, Alexis Clarbour, Clarbour, Paul Wharton, you've, Wharton, Sean Zanni, Michael Coste, Hannah Stella, Coste's, Stella, Scott Fitzgerald, Coste, Goodman, Courroies Birkin, didn't, Aman, Cartier, Mickum's bluster, skeptically, satchel, Clarbour's, He's, We've, Sider, Philippe, Buccheit texted Pascual, he's, Hay, Café Carlyle, Alexander Hankin, Burisma, Hunter Biden, Mickum hasn't, There's, They've, Amy X, Wang, King Charles, Tracey Amon, Amon, GEORGE MICKUM Organizations: Hearst, Blue, Potomac, Hamptons, East, Met, University of Delaware, Southampton Bathing Corporation, Fields School, Georgetown Law, DC, Town &, New York Daily News, The New York Times, Google, Carnegie, Rockefeller, Cosmopolitan, Symbionese Liberation Army, Hearst Corporation, Vogue, Society of Memorial Sloan Kettering, Stockbridge Golf, New, Tiger, Tottenham, Douglas, Martha Stewart's Hamptons, Mickum, Projects, Madison, Getty, Antibes, Nike, Rue du Faubourg Saint, Couture, US, UN, New Yorkers, Avenue Couture, Hermès, Republican, Justice Department, Blue Star, Town, New York Times Magazine Locations: Bemelmans, Clinton, York, Palm, New, London, Manhattan, Dalton, Bay, Windsor Castle, Haute, Washington , DC, New York, Baccarat, The, San Francisco, Wilton , Connecticut, Side, Wyntoon, California, Buccheit, woodsy Stockbridge , Massachusetts, Stockbridge, Bahamas, Albany, Nobu, Martha, Peking, Paris, Istanbul, St, Georgetown, China, Italy, Hermès, Amalfi Coast, du, Midtown, brunch, Rue, Central Park, Mickum, Turkey, La, Café, Ukrainian, Ukraine

☆ Income, growth or both? Weighing active ETFs in an up market
▼ + stars: | 2023-07-12 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +2 min

"When you have an up-16% first half of the year, these types of strategies are going to underperform." Arthur explained call writing strategies do typically benefit from a down or flat market but struggle to perform in a rebounding environment. The built-in income-generating options strategies of the JPMorgan Equity Premium Income ETF (JEPI) helped fuel the fund's popularity in 2022. It remains the largest actively managed ETF on the market with nearly $28 billion in assets, but the rebound in growth this year has left the product lagging the broader market. "So, you're not going to keep up with the market with these types of strategies."

Persons: Kim Arthur, Bob Pisani, Arthur, Mike Akins, Pisani, Akins Organizations: Main Management, JPMorgan Locations: CNBC's

☆ Timothee Chalamet debuts as Wonka in prequel's first trailer
▼ + stars: | 2023-07-11 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +2 min

REUTERS/Yara Nardi/File PhotoLONDON, July 11 (Reuters) - Timothee Chalamet follows in the footsteps of Gene Wilder and Johnny Depp to play Willy Wonka in a new prequel film that looks at how Roald Dahl's fictional character came to love chocolate. The film, out in December, is set before the 1971 movie "Willy Wonka and the Chocolate Factory", starring Wilder as Wonka in an adaptation of Dahl's beloved 1964 book "Charlie and the Chocolate Factory". The new movie sees Wonka arriving in a fictional European city, which is home to master chocolatiers. Like Wilder, and Depp in the 2005 film "Charlie and the Chocolate Factory", Chalamet is dressed in Wonka's top hat and long jacket. The trailer also shows Chalamet's famous co-stars, including Olivia Colman, Sally Hawkins, Rowan Atkinson and Hugh Grant as an Oompa Loompa.

Persons: Timothee, Yara, Gene Wilder, Johnny Depp, Willy Wonka, Roald Dahl's, Wonka, Wilder, Dahl's, Charlie, Paul King, Roald Dahl, he'd, Charlie Bucket, Augustus, Violet Beauregarde, Mike Teevee, Depp, who've, King, Chalamet's, Olivia Colman, Sally Hawkins, Rowan Atkinson, Hugh Grant, Marie, Louise Gumuchian, Sharon Singleton Organizations: REUTERS, Thomson Locations: Venice, Italy, European

☆ Timothee Chalamet debuts as Willy Wonka in prequel's first trailer
▼ + stars: | 2023-07-11 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +2 min

☆ These funds offer yields exceeding 4% and they’re on discount. Here’s why it might be time to buy them
▼ + stars: | 2023-07-10 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

But whether it's time to back up the truck and stock up on cheap dividend payers will depend on a range of factors, including risk appetite and style. Notable constituents include Altria Group, which has an 8.3% dividend yield, and Verizon , which touts a yield exceeding 7%. This would include the Vanguard High Dividend Yield ETF (VYM) , which has a total return of about -1.6% this year, and the WisdomTree U.S. Total Dividend ETF (DTD) , with a total return of 2.5%. VIG, for instance, has a total return of 6% this year, but offers a 30-day SEC yield of 1.82%. Whether it's time to snap up these dividend payers will also depend on your risk appetite and your timeline.

Persons: Johnson, Ryan Jackson, Jackson, VIG, Jordan Benold, Benold Organizations: Exxon Mobil, Johnson, Morningstar, SEC, Altria, Verizon, Vanguard, Microsoft, Apple, Dow Locations: U.S

You can earn rewards with a travel credit card and by sticking to a favorite airline and hotel vendor. Get a travel credit cardThere are loads of discussion about credit card hacking and selecting the best credit card for travel rewards. If travel is a focus for you, then I recommend considering a credit card that offers travel rewards. I personally use my travel rewards credit card for my day-to-day spending all year round. Note that credit card lenders may use many different variations of credit score models when considering your application.

Persons: I've, —, you've, we've Organizations: Service, Target, Walmart, Chase, Chevron, Reading Chevron, Southwest Airlines Locations: Wall, Silicon, Paris, Delta, Bahamas

☆ How long does it take to charge a Tesla?
▼ + stars: | 2023-07-09 | by ( Graham Rapier | ) www.businessinsider.com time to read: +5 min

You can either charge your Tesla at home, use one of their Superchargers, or a Destination charger. Tesla recommends plugging in your car overnight while you sleep to top off the battery and charging up to 90%. The carmaker claims the Tesla Model S can add 200 miles of range in just 15 minutes using one of the company's most powerful Superchargers. Model 3 and X can add 175 miles in 15 minutes at a Supercharger and Tesla Model Y can add 162 miles in 15 minutes. How long will a Tesla go on a full charge?

Persons: Tesla Organizations: Tesla, Destination Chargers, Chargers Locations: Tesla's

☆ Knockoff designer bags and shoes are more believable than ever. Here's how 'superfakes' became so difficult to tell apart from the real thing.
▼ + stars: | 2023-07-08 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

"Superfakes" are gaining popularity as high-quality designer knockoffs. Designer brands have been combatting knockoffs for decades, but a rising category of "superfakes" can trick the most experienced experts. Here's how superfakes became so difficult to tell apart from the real thing. However, any product that intentionally replicates a brand's product, using its logo, name, or intellectual property is considered a knockoff. Both designer brands and third-party marketplaces have invested millions in combating counterfeits, but the issue is so widespread that it's impossible to stop them all.

Persons: knockoffs, Gen Z, superfakes, Couture, Tommy Hilfiger, Gucci, Dior, Superfakes, Yves Forestier, They've, TikTok, Hermes Birkin, Charles Gross Organizations: Social, Service, Counterfeit, New York Times Locations: Wall, Silicon, New York City, Paris, France, Italy

Several countries, including Venezuela, Argentina and Sudan have been saddled with skyrocketing costs for decades. In advanced economies overall, inflation averaged 2.4% since the 1990s – the earliest aggregate data the IMF has available. In 2022, Venezuelan inflation was still 310%, the highest in the world that year. “Because everything will be more expensive tomorrow, people spend their money as they receive it, increasing the inflation,” Anselmi told CNN. Using US currency for transactions is common in Venezuela, as people don’t trust the volatile local currency, according to Guevara.

Persons: Z, Bolivar, bolivars, Andrés Guevara, bolivar, ”, “, Nelson Sánchez, Sanchez, Emiliano Anselmi, Luis Robayo, ” Anselmi, Guevara, Gaby Oraa, Anselmi Organizations: CNN, Bureau of Labor Statistics, International Monetary Fund, IMF, Federal Reserve, European Union, Pensioners, Andrés Bello Catholic University, Getty, U.S Locations: United States, Venezuela, Argentina, Sudan, Ukraine, United Kingdom, US, Caracas, Buenos Aires, AFP, Venezuelan

☆ Rapidly retreating Arctic glaciers are triggering the release of ancient methane. Here's why scientists are worried.
▼ + stars: | 2023-07-07 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

The springs were exposed by retreating glaciers in Svalbard, a Norwegian archipelago in the Arctic Ocean. Scientists think the methane in the Svalbard springs comes from somewhere else. The researchers estimate springs across the archipelago alone could represent about 2,000 tonnes of methane emissions a year. Scientists have found springs full of methane bubbling near retreating glaciers in Svalbard. Kleber suspects these methane emissions are only one of several "invisible feedback loops that we're just not aware of."

Persons: —, hasn't, Gabrielle Kleber, Kleber, Andy Hodson, ", Rick Spinrad Organizations: Service, University of Cambridge, Nature Geoscience, International Energy Agency, NOAA Locations: Svalbard, Norwegian, Alaska, Norway

☆ Misunderstood rattlesnakes have a tender side, study finds
▼ + stars: | 2023-07-07 | by ( Rich Mckay | ) www.reuters.com time to read: +2 min

July 7 (Reuters) - Warm and cuddly are adjectives that seldom spring to mind when one thinks of rattlesnakes. The findings challenge the notion that reptiles are solitary hunters that display little in the way of complex social behavior. Ethology, the study of animal behavior, has long recognized that birds and mammals, including humans, find comfort from being physically close to their own kind. To measure stress levels in the snakes, Martin used a heart-rate monitor designed for humans. "It lets us know as humans that, hey, we're not that different from these snakes," Martin said.

Persons: Chelsea Martin, William Hayes, Hayes, " Hayes, Martin, Rich McKay, Frank McGurty, Will Dunham Organizations: Loma Linda University, rattlers, Loma, wrangle rattlers, Thomson Locations: San Bernardino , California, Southern California, Atlanta

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