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For most art-world buyers, a work unsubtly called “Comedian” lacked a certain a-peel. But on Wednesday, Cattelan got the last laugh as “Comedian” sold for $6.24 million, including $1 million in fees. The buyer was soon revealed to be Justin Sun, a 34-year old cryptocurrency platform founder from China and based in Switzerland. And while some who have capitalized on those assets will inevitably purchase art, artworks themselves have their own rates of return that depend more on evolutions in taste that don’t correlate with wider macroeconomic trends. Sun, the “Comedian” buyer, used his own cryptocurrency, TRX, to make the purchase, Sotheby’s said.
Persons: , Maurizio Cattelan, Cattelan, Justin Sun, Sun, ” Sun, ” David Galperin, Sun’s, Alex Glauber, , ” Glauber, Leonardo da Vinci’s “ Salvatore Mundi ”, Glauber, Duchamp, Marcel Duchamp, Jianping Mei, Michael Moses, JP Mei, ” Moses, “ It’s, Moses, Sotheby’s, CoinMarketCap, Robb, Robert Allen Organizations: Basel, Association of Professional Art Advisors, The New York Times, Moses Art Market Consultancy, NBC News, Sun Locations: Italian, Miami, China, Switzerland, Americas, South Florida, millennials, Europe, South America
Abortion rights groups are bracing for an especially tough fight in conservative Missouri, where they see one of the most restrictive bans in the country in place. But abortion rights groups in the heavily Republican state said they’re prepared to respond to any. Abortion rights groups also aren’t expecting much of a battle in Colorado, Maryland, Nevada or New York — the remaining four states where voters passed measures enshrining abortion rights in state constitutions earlier this month. “Ballot measures don’t end on Election Day. (The ballot measure that would have enshrined abortion rights in Florida’s constitution failed, even though it received the support of 57% of voters.)
Persons: Roe, Wade, , Olivia Cappello, ” Tori Schafer, Kelsey Pritchard, Susan B, Anthony Pro, ” Pritchard didn’t, it’s, , Chris Love, Dawn Penich, Jill Norgaard, Pritchard, they’re, Quentin Savwoir Organizations: U.S, Supreme, GOP, Republican, Thomas More Society, Arizona, Voters, Strategy Center Locations: Missouri, . Missouri, “ Missouri, Arizona, ” Arizona, Montana, Colorado , Maryland, Nevada, New York, that’s, Maryland, Colorado, Florida , Nebraska, South Dakota, Florida
Israeli bombardment has killed more than 3,500 people in Lebanon and wounded more than 15,000, according to the Lebanese health ministry. The strikes occurred at 4 a.m. local time, destroying an eight-story building and leaving a crater in the ground. Also on Saturday a drone strike killed one person and injured another in the southern port city of Tyre, according to the state-run National News Agency. The agency said the people killed and injured in Tyre were fishermen. The strikes came a day after heavy bombardment of Beirut’s southern suburbs and as heavy ground fighting between Israeli forces and Hezbollah militants continues in southern Lebanon, with Israeli troops pushing farther from the border.
Organizations: National News Agency, Associated Press Locations: Lebanon, Israel, Tyre, Beirut
“Also increasing muscle temperature is going to help improve power output,” Tsuyuki told NBC News in a Zoom call. The height the men attained when jumping was lower after a cold soak than a hot one. There was no difference in muscle soreness whether the men soaked in cold or hot water. “Don’t believe what you’re hearing on podcasts.”For a hot water soak, Putrino suggests:10 to 20 minutes at 98 to 104 degrees Fahrenheit. Whether you’re a fan of cold or hot, experiment and keep track of which temperature soak helps you recover the quickest, Putrino said.
Persons: Mamoru Tsuyuki, ” Tsuyuki, Tsuyuki, , Aimee Layton, Layton, , Spencer Stein, ” Stein, David Putrino, Putrino, ” Putrino Organizations: Conference, Ritsumeikan University, , NBC News, Columbia University Vagelos College of Physicians and Surgeons, NYU Grossman School of Medicine, Sinai Health Locations: University Park , Pennsylvania, Shiga, Japan, New York City, endorphins
Paduch, 57, was sentenced Wednesday to life in prison for sexually abusing the seven former patients between 2007 and 2022. via NBC New YorkSpokespeople for Weill Cornell and Northwell Health declined to answer specific questions related to Paduch, citing the ongoing litigation. But behind closed doors, Paduch preyed on the men and boys who sought him out. One of the men who filed a lawsuit against Paduch had medical training himself but said he still didn’t realize until many years later that it was abuse. ‘Shocking and embarrassing’By then, Weill Cornell had already received at least two complaints about Paduch from its own employees, going back more than a decade.
Persons: Weill Cornell, Paduch, , Mallory Allen, , ” Allen, Darius Paduch, York Spokespeople, Azza, it’s, , ’ Paduch, Thomas Giuffra, Weill Cornell —, Giuffra, urologists, Weill, Weill Cornell urologist, Harvey Weinstein, Paduch “, Maansi Srivastava, , Paduch —, ” —, — “ Organizations: Weill, BR, NBC, York, Weill Cornell, Northwell, Health, Weill Cornell Medicine, Public Citizen, Medical Academy of Lodz, New, New York Health Department’s, Professional, NBC News, Health Department Locations: Seattle, Poland, Manhattan, New York
Coca-Cola’s Christmas ad was slammed, a pop star’s music video led to a priest’s downfall, and a piece of art — it's edible — sold for $6 million. Test your knowledge of the week in news, and take last week’s quiz here.
Nearly 50,000 people from 200 countries — including, for the first time, the Taliban rulers of Afghanistan — were in Azerbaijan for this year’s United Nations Climate Change Conference, with the goal of reaching a critical deal on climate finance. Participating world leaders Tuesday at the United Nations Climate Change Conference. “It is really disappointing to see that world leaders haven’t shown up in force in solidarity,” she added. While Trump “may put climate action on the back burner,” U.S. climate envoy John Podesta said, “the work to contain climate change is going to continue.”U.S. Energy Secretary Jennifer Granholm said states, cities, nongovernmental organizations and companies are still “all-in” on pursuing climate goals. British Prime Minister Keir Starmer speaks Tuesday on day two of the COP29 climate conference.
Persons: Donald Trump, Alexander Nemenov, General Ban, , Ruth Townend, COP29, Joe Biden, Xi Jinping, Keir Starmer, Emmanuel Macron, Olaf Scholz, Justin Trudeau, Shigeru Ishiba, ” Townend, haven’t, Matiul Haq Khalis, Laurent Thomet, Trump, John Podesta, Jennifer Granholm, ” Granholm, Darren Woods, Who, Ilham Aliyev, Carl Court, Getty Images Aliyev, Adel, Lord Adair Turner, Britain, , James Marape, Marape, Asadullah Jawid Organizations: Change, United Nations, Getty, World Meteorological Organization, House, Pacific, British, Seven, Canadian, Japanese, Environmental Protection Agency, Getty Images, U.S . Energy, Infrastructure Law, NBC, Exxon, Independent, Climate Finance, U.S, Energy, Commission, Union, Baku, American University of Locations: BAKU, Azerbaijan, Afghanistan, United States, Paris, AFP, London, Baku, U.S, , Saudi, Adel Al, Saudi Arabia, Saharan Africa, China, Papua New Guinea, American University of Afghanistan
An infant has died and 10 adults have been sickened amid a four-state listeria outbreak connected to ready-to-eat meat products, officials said. The outbreak has been tied to ready-to-eat meat produced by Yu Shang Food, Inc. of Spartanburg, South Carolina, the Centers for Disease Control and Prevention said in an update Friday. The infant who died was a twin whose sibling also died but whose death could not be linked to listeria. Of the eight people sickened, seven shopped at markets where Yu Shang Food products are sold, and two said they recalled eating Yu Shang Food chicken, the CDC update said. “This suggests that people in this outbreak got sick from the same food,” the CDC said in its update.
Persons: Yu Shang, Listeria, Shang, Yu, Braised Beef, Organizations: Yu Shang Food, Inc, Centers for Disease Control, Prevention, CDC, U.S . Department of Agriculture, USDA Locations: Spartanburg , South Carolina, New York, New Jersey, Illinois, California, United States
New York AP —Jonathan Majors ’ ex-girlfriend has dropped her assault and defamation lawsuit against the once-rising Hollywood star after reaching a settlement. Lawyers for Majors and Grace Jabbari agreed to dismiss the case with prejudice, according to a joint filing in Manhattan federal court Thursday. The British dancer filed the suit months after Majors was convicted of misdemeanor assault and harassment in connection with an altercation in Manhattan. Majors and Jabbari had met in 2021 on the set of Marvel’s “Ant-Man and the Wasp: Quantumania” in which Majors played Kang and Jabbari served as a movement coach. The bodybuilder drama had garnered early Oscar buzz for Majors, but was dropped by its distributors following his conviction last December.
Persons: Jonathan Majors ’, Grace Jabbari, Jabbari’s, Brittany Henderson, didn’t, Jabbari, III, Majors, Kang the, Kang, , Meagan Good Organizations: York AP, Hollywood, Majors, , Marvel, Marvel Studios Locations: Manhattan, Los Angeles
Migrant families and immigration advocacy groups are preparing for millions of families to potentially be separated from each other during the mass deportations planned by President-elect Donald Trump. It is unclear how exactly the deportations will play out and how families will be impacted. In states like Arizona, Colorado and Pennsylvania, mixed-status families, asylum-seekers and advocates say they are planning for scenarios where children could be separated from their parents. Alex Wong / Getty ImagesIn Tucson, Arizona, the Coalición de Derechos Humanos, a group of more than 10 nonprofit organizations, is helping undocumented and mixed-status families create “emergency packets” ahead of potential mass deportations. Advocacy groups are also bracing for state-level changes to immigration enforcement that could result in deportations.
Persons: Donald Trump, , Dennis, Jae C, Lillie, , Trump, , “ He’s, ’ ” Lillie, Tom Homan, Alex Wong, Isabel Garcia, Garcia, ” Garcia, Coalición, noncitizens, Biden, Gabe Gutierrez, David Hathaway, ” Hathaway, he’s, He’s, I’m, Casas, Greg Abbott, “ They’re, ’ ”, Organizations: President, American Immigration Council, U.S . Customs, Border, CBS News, Trump, NBC News, Republican National Convention, ICE Air, NBC, Drug Enforcement Administration, Texas Gov Locations: Arizona , Colorado, Pennsylvania, Nogales Ariz, U.S, Honduras, nonborder U.S, Milwaukee, Tucson , Arizona, Tucson, Arizona, Harlingen , Texas, Texas, Santa Cruz County, Colorado In Denver
A Colorado dentist accused of spiking his wife’s protein shakes with a fatal dose of poison faces two new charges, including solicitation to commit murder, officials said Friday. Angela Craig, a mother of six who was married to her husband for 23 years, died March 18 from cyanide and tetrahydrozoline poisoning, authorities have said. She had gone to the hospital three days before with a severe headache and dizziness, according to an arrest warrant in the case. After experiencing a severe seizure, she was placed on life support and died, according to the warrant. According to the arrest warrant, the couple’s relationship had been strained for years, with James Craig having multiple affairs and Angela Craig repeatedly saying she wanted to leave her husband.
Persons: James Craig, Angela Craig, Craig, , James Craig’s Organizations: NBC, Associated Press, AP Locations: Colorado, Denver
President-elect Donald Trump on Friday named Russell Vought, a co-author of Project 2025 who served as a platform policy director for the Republican National Committee, as his pick to lead the Office of Management and Budget. Russell Vought, then-acting director of the Office of Management and Budget, during a hearing in Washington in 2020. If he is confirmed by the Senate, Vought would oversee budget and the execution of Trump's policies across executive departments and agencies. Vought previously served as director of the Office of Management during Trump's first term. He assumed the role after working as deputy director and acting director of that office before his Senate confirmation in July 2020.
Persons: Donald Trump, Russell Vought, Trump, deregulator, Russ, , Tom Williams, , Tom Homan, Brendan Carr, John Ratcliffe, Trump's Organizations: Republican National Committee, Management, Government, People, Inc, Getty, Heritage Foundation, Republican, Federal Communications Commission, Senate Locations: State, Washington
U.S. President-elect Donald Trump said on Friday he has chosen congresswoman Lori Chavez-DeRemer of Oregon to serve as his labor secretary. Trump said Chavez-DeRemer has worked “tirelessly” with business and labor to build the U.S. workforce and support Americans. “I look forward to working with her to create tremendous opportunity for American Workers, to expand training and apprenticeships, to grow wages and improve working conditions, to bring back our Manufacturing jobs,” Trump said in a statement. Rep. Lori Chavez-DeRemer, R-Ore. Bill Clark / CQ-Roll Call, Inc via Getty Images fileChavez-DeRemer, who was elected to Congress in 2022, lost her seat to Democrat Janelle Bynum earlier this month.
Persons: Donald Trump, Lori Chavez, Trump, Chavez, DeRemer, , ” Trump, Bill Clark, Janelle Bynum Organizations: American Workers, Inc, Getty Locations: Oregon
President-elect Donald Trump on Friday nominated Dr. Marty Makary, a pancreatic surgeon at Johns Hopkins University who's made controversial claims about Covid, as commissioner of the Food and Drug Administration. The Agency needs Dr. Marty Makary, a Highly Respected Johns Hopkins Surgical Oncologist and Health Policy Expert, to course-correct and refocus the Agency," Trump said on Truth Social. As FDA commissioner, Makary would be responsible for regulating and overseeing drugs, food, medical devices and other products, such as tobacco and cosmetics. The current FDA commissioner is Dr. Robert Califf, a cardiologist who also held the role during President Barack Obama's second term. Trump had two FDA commissioners during his first term: physician Dr. Scott Gottlieb and oncologist Dr. Stephen Hahn.
Persons: Donald Trump, Marty Makary, Johns Hopkins University who's, Makary, He's, Trump, Robert F, Kennedy Jr, He’s, Noam Galai, Kennedy, Kennedy’s, ” Makary, Dr, Paul Offit, Offit, Robert Califf, Barack Obama's, Scott Gottlieb, oncologist Dr, Stephen Hahn Organizations: Johns Hopkins University, Food and Drug Administration, Johns, World Health, Safety, National Academy of Medicine, National Academies of Science, Engineering, Medicine, Paragon Health Institute, Fox News, FDA, Agency, Johns Hopkins Surgical, Truth, HBO, Street, Biden, Health, Human Services, Children’s Hospital of Philadelphia Locations: Johns Hopkins, New York City, U.S
Dentists began giving kids fluoride treatments. About 70% of community water systems in Florida receive fluoridated water, according to the surgeon general’s release. Parents said their kids’ teeth were full of cavities despite drinking and brushing regularly with what they thought for years was fluoridated water. Adding fluoride to water systems “mitigates the impact of disparities in access to dental care,” said Jetelina, the epidemiologist. “This is one of the beauties of public health — a mainly invisible population intervention, helping the most vulnerable.”Still, the scrutiny continues.
Persons: Joseph Ladapo, Ladapo, , Bruce Lanphear, Katelyn, He’s, Robert F, Kennedy Jr, Donald Trump’s, ” Robert Corp, Jetelina Organizations: American Dental Association, American Academy of Pediatrics, Centers for Disease Control, Simon Fraser University, Pediatrics, NBC, WGRZ, , National Institute of Dental, Craniofacial Research, National Institutes of Health, U.S . Environmental, Agency Locations: Canada, Florida, U.S, Buffalo , New York, Buffalo, Abilene , Kansas, McVille, North Dakota, California
London's historic art scene is getting a tech upgrade
  + stars: | 2024-11-23 | by ( ) www.cnbc.com   time to read: +1 min
The United Kingdom's historic art scene has embraced technology such as artificial intelligence, as it evolves to compete with growing markets such as China. While the United States and China hold the number one and two spots respectively, the U.K.'s contribution to the art market is nothing to be sniffed at – holding 17% of the global share, according to the Art Basel and UBS Art Market Report. London is widely regarded as the art hub of Europe, and its biggest art fair, Frieze, boasted 90,000 visitors in 2024. Within the art world, it's been sort of bubbling away, burning away for a while, and it's suddenly caught fire," said Henry Highley, Head of European Private Sales for Phillips. Watch the video above for an up-close look at some of the art breaking barriers on London's art scene.
Persons: Eva Langret, it's, Langret, Marie Antoinette's, Phillips, Henry Highley Organizations: Art Basel, UBS Art, Frieze, CNBC's, European Locations: China, United States, Europe, Frieze London
The day after President Vladimir V. Putin of Russia raised the stakes in tensions with the West, many Russians awoke on Friday feeling anxious that the prospect of nuclear war had come slightly closer. But in Russia’s tightly controlled news media and pro-government social media channels, there were only fawning reactions to the Russian leader’s new round of saber-rattling and promises that Moscow’s enemies would “tremble in fear.”Mr. Putin announced late Thursday that Russia had launched a new intermediate-range ballistic missile at Ukraine, in response to Kyiv’s first use of U.S. and British missiles against targets inside Russia this week. Russia, he said, also has the right to strike nations “that allow their weapons to be used against our facilities.”In the West, Thursday’s launch of the nuclear-capable Oreshnik missile and Mr. Putin’s remarks were perceived as a threat against Ukraine and its allies, and drew widespread condemnation as an escalation. In Russia, the events were billed as an important sign that the Kremlin would enforce its red lines, with the implication that enforcement could include nuclear weapons.
Persons: Vladimir V, Putin, , Mr, Putin’s Organizations: Ukraine Locations: Russia, Russian, Ukraine, British
CNN —Max Verstappen has the chance to add to one of the most entertaining Formula One seasons in recent memory by becoming a four-time World Drivers’ Champion at the Las Vegas Grand Prix. How to watch the Las Vegas Grand PrixThe 22nd race of the 2024 season gets underway at 10 p.m. PT on Saturday/1 a.m. Norris needs to outscore Verstappen by at least three points to extend his challenge to next week’s penultimate race in Qatar. If both fail to score points, Verstappen will be crowned champion. “I just want to focus on the weekend and try to have a good performance,” the 27-year-old said ahead of the race weekend.
Persons: Max Verstappen, McLaren’s Lando Norris, George Russell, Ferrari’s Carlos Sainz, Pierre Gasly, Charles Leclerc, Verstappen, Norris, Lewis Hamilton, Rick Scuteri, McLaren, Oscar Piastri, Ferrari’s Sainz, Leclerc, Russell, Hamilton, , Red Bull, , you’re, , Brit, ” Verstappen, Mark Sutton, Max Organizations: CNN, Las Vegas, Brit, ESPN, International, Red Bull, Austrian, , McLaren, Getty, we’ve, Constructors, Ferrari Locations: British, Sin City, Qatar, Spain, Vegas, Miami –, “ Brazil
Enacted by Congress in 2022, "Secure 2.0" ushered in sweeping changes to the U.S. retirement system, including several updates to 401(k) plans. 'Exciting change' for catch-up contributionsFor 2025, employees can defer $23,500 into 401(k) plans, up from $23,000 in 2024. Shorter wait for part-time workersSecure 2.0 has also boosted access to 401(k) and 403(b) plans for certain part-time workers. Starting in 2024, employers were required to extend plan access to part-time employees who worked at least 500 hours annually for three consecutive years. "That's a very good thing for long-term part-time workers" who may have struggled to qualify for 401(k) eligibility, said Stinnett.
Persons: Tang Ming Tung, Dave Stinnett, Jamie Bosse, Dave Stinnett Vanguard's, Alicia Munnell Organizations: Getty, CNBC, Workers, CGN Advisors, America, U.S . Bureau of Labor Statistics, Center for Retirement Research, Boston College Locations: Manhattan , Kansas, That's
She was elected in 2011 to her first political position – Florida attorney general – and was the first woman to hold that office. “Knowing her as a trial attorney and the attorney general,” Colton told CNN, “I feel that she would be very qualified for this job.”Dave Aronberg, a Palm Beach County state attorney who worked for Bondi when she was attorney general in Florida, told CNN that while Bondi will carry out Trump policies loyally, she is likely to treat Justice Department employees fairly. And for Trump’s opponents, Aronberg said not to expect a better pick for attorney general. “Pam Bondi is the best attorney general that Donald Trump is going to nominate,” Aronberg said. Since leaving the Florida attorney general post in 2019, Bondi has worked Ballard Partners, a lobbying firm with deep ties to Trump and his incoming chief of staff Susie Wiles.
Persons: Donald Trump, Pam Bondi, Matt Gaetz, Trump, Bondi, Gaetz, Trump’s, Todd Blanche, , Dwight Gooden, , Nick Cox –, University of South Florida –, ” Cox, , Bruce Colton, ” Colton, ” Dave Aronberg, ” Aronberg, Aronberg, John Durham, “ Pam Bondi, Barack Obama’s, Joan Biskupic, John Roberts, Obama, Rick Scott, Ballard, Susie Wiles, baselessly, Joe Biden, Hunter Organizations: CNN, Trump, US Justice Department, Republicans, Justice Department, DOJ, Department of Justice, New York Mets, University of South, , Bondi, Obamacare, Reuters, Trump University, Ballard Partners, Foreign, Amazon, General Motors, Uber, Republican National Convention, White, Center, Litigation, Trump America, Policy Institute, Trump – Locations: Florida, Bondi, , University of South Florida, Beach County, Russia, Washington, Qatar, Pennsylvania
AdvertisementDr. Casey Means and her brother Calley are helping shape RFK Jr's new approach to America's health. In a best-selling book "Good Energy," she makes a case that modern diseases are rooted in metabolic health. Robert F. Kennedy Jr. is a fan of Casey Means' work and views in the wellness space. Her mantra is that a healthy metabolism can reverse many health conditionsMeans' book promotes the pursuit of Good Energy, which she defined as great metabolic health. AdvertisementShe espouses popular advice around diet, exercise, and sleepThroughout the book, Means promotes widely agreed-upon health advice.
Persons: Casey Means, Calley, Dr, Marc Andreessen, Means, John McCain's, Donald Trump, Robert F, Kennedy Jr, Kennedy, MAHA —, Rebecca Noble, Tucker Carlson, Joe Rogan's, I've, Brad Stulberg, Christy Harrison, they've, Calley Means, Matt Harbicht, Andrew Huberman, Peter Attia, Harrison, Meredith Schneider Organizations: RFK, Stanford, Department of Health, Human Services, Wall Street Journal, Good Energy, University of Michigan, pharma, Tandem Diabetes Locations: Spain
New York CNN —This week ended with President-elect Donald Trump nominating one of the most pro-union Republican members of Congress to be his secretary of Labor. Trump support growing among unionsTrump received more support from rank-and-file union members in this election than he had in past elections. “Now he is threatening to take the unprecedented action of removing current pro-worker NLRB members in the middle of their term, replacing them with his corporate friends. Nearly half of the nation’s union members work for different units of government, not companies. Many of the public-sector bargaining rights are not set at the national level, but at the state level, where most public-sector employees and union members work.
Persons: Donald Trump, Elon Musk, shouldn’t, Lori Chavez, DeRemer, “ Lori Chavez, , United States —, Chavez, Biden, Kamala Harris, Joe Biden, Harris, It’s, Mitt Romney, Sean O’Brien, Trump, O’Brien, Becky Pringle, Pringle, Donald Trump’s, , ” Pringle, ” Jody Calemine, Calemine, Jennifer Abruzzo, Musk, he’s, Todd Vachon, ” Vachon, “ I’m, ” “, “ Trump Organizations: New, New York CNN, Republican, Labor, National Labor Relations Board, Labor Department, AFL, United, Trump, CNN, United Auto Workers, Teamsters, Convention, National Education Association, NLRB, Biden, SpaceX, Occupational Health, Safety Administration, Musk, Tesla, UAW, Labor Education Action Research Network, Rutgers, National Employment Law, Competitive Enterprise Institute Locations: New York, United States, unionize
Editor’s note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Villages and visasThe Italian village offering $1 homes to Americans upset by the US election result was one of our top stories on CNN Travel this week. Despite all the houses going on offer, working visas to Italy are still very limited. Over in the world of dairy, this year’s World Cheese Awards saw 4,786 cheeses from 47 countries assembled in the Portuguese city of Viseu to face judges’ scrutiny. The US agency might even have to slow air traffic down because of air traffic controller shortages, particularly in the Northeast.
Persons: Zeneba Bowers, Matt Walker, Chelsea Waite, , they’re, CNN Kim Morgan, Tom Latkovic, Lyme, Vang, tarantulas Organizations: CNN, FAA, CNN Travel, Federal Aviation Administration, Northeast . American Airlines, Spirit Airlines Locations: Italy, Sicily, Sardinian, Ollolai, Tennessee, Rome, California, Ham, Parma, Portuguese, Viseu, Kashmir, India, France, United States, Northeast, Europe, Laos, Vang Vieng, Britain
The bitcoin rally is generating a false sense of security among investors, according to the strategist behind the so-called granddaddy of gold exchange-traded funds. State Street Global Advisors' George Milling-Stanley warns cryptocurrency plays don't offer the stability of gold. Milling-Stanley's comments came as his firm's SPDR Gold Shares ETF (GLD) celebrated its 20-year anniversary this week. It is the world's largest physically backed gold ETF, and it's up more than 30% in 2024. "But they called it mining because they wanted to seem like gold — maybe take some of the aura away from the gold."
Persons: George Milling, Stanley, cryptocurrency, It's Organizations: Street Global Advisors
In a year of landmark elections, my country’s presidential vote last month flew under the radar. And perhaps with good reason: Uruguay’s balloting was marked by unexciting candidates and their lackluster attempts to entice undecided voters to the polls. An uneventful vote seems preferable to the deep polarization that has surrounded presidential elections over the past year in countries like El Salvador, Argentina, Venezuela and even the United States. And young Uruguayans are afflicted by many problems. As it did in other countries, the Covid-19 pandemic left Uruguay in the grip of a mental-health crisis that hit this group hard.
Persons: It’s Locations: Uruguay, El Salvador, Argentina, Venezuela, United States, America, Latin America
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