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☆ The US spent half a trillion dollars last year alone financing its mountain of debt
  + stars: | 2022-11-01 | by ( Matt Egan | ) edition.cnn.com   time to read: +6 min
By 2025 or 2026, the United States may hit a bleak milestone: Federal interest payments could exceed the country’s entire defense budget, according to Moody’s Analytics. The Fed kept interest rates very low to stimulate growth (and encourage inflation) and investors around the world clamored to buy US debt. But White of Moody’s notes that gross interest payments include interest the government pays to itself and said net interest is the more relevant category to watch here. In a best-case scenario, the United States grows its way out of the debt mess, with the economy expanding more rapidly than interest payments. With interest rates going up, the sovereign bond bubble is unwinding,” Boockvar said.
☆ There are more signs that a revaluation of growth stocks is underway
  + stars: | 2022-10-31 | by ( Bob Pisani | ) www.cnbc.com   time to read: +3 min
It is the value player's dream: A revaluation of growth stocks. As a result, money in October has been moving into financials, materials, industrials, energy and even small caps. Investors have noticed this deceleration in earnings for growth sectors and have been buying classic "value" sectors like energy, industrials and health care this month. Third-quarter arnings growth for tech names is down a modest 1.2% and is only projected down 3.3% for the fourth quarter. Krinsky wasn't alone in his caution about earnings estimates.
☆ Demand for Series I bonds crashes TreasuryDirect site ahead of key deadline as investors try to secure 9.62% rate
  + stars: | 2022-10-28 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +6 min
Shapecharge | E+ | Getty ImagesInvestors crashed the Treasury Department website for Series I bonds on Friday as they clamored to lock in a record-high interest rate before a key deadline. Investors must buy I bonds and receive a confirmation email by Oct. 28 to lock in the 9.62% rate, according to TreasuryDirect. What a TreasuryDirect outage means for investorsAn outage on TreasuryDirect.gov — where investors purchase I bonds — may mean they're unable to complete an I bond purchase by Friday's deadline to secure the 9.62% rate. The Treasury Department is not planning to extend the deadline, a Treasury Department spokesperson said Friday. The site continues to "see customers successfully create accounts and purchase bonds at record levels," the spokesperson added.
☆ The best wildlife photos of 2022 include a ball of bees, a snake eating a bat, and polar bears raiding an abandoned town
  + stars: | 2022-10-11 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com   time to read: +7 min
The London Natural History Museum announced the 2022 winners of its Wildlife Photographer of the Year contest. The winning photos include a frenzied ball of bees, a dancing sea star, and the brushy mouth of a whale. The cactus bees, like most other bees, are endangered by habitat loss, pesticides, and the changing climate. The resulting photo, above, won the Grand Title in this year's Wildlife Photographer of the Year competition, which is developed and produced by the Natural History Museum in London each year. As clouds of sea-star sperm and eggs filled the water, photographer Tony Wu captured this otherwordly invertebrate in the throes of its dance.
☆ Netflix, HBO Max, and more streamers are scrapping original kids series and battling for more IP-based hits like 'CoComelon' in a 'bummer year for animation'
  + stars: | 2022-09-28 | by ( Elaine Low | ) www.businessinsider.com   time to read: +7 min
HBO Max's abrupt removal of dozens of series, mostly kids shows, took creators by surprise. You can't stream it on HBO Max or any subscription service; it's available only for purchase on iTunes. The move was a cost-saving one for HBO Max parent Warner Bros. HBO Max will continue to release new kids and animated programming but is expected to be more selective. "It's a small community" of animation creators, the animation exec told Insider, and those HBO Max cancellations hurt.
☆ Ron DeSantis' Martha's Vineyard stunt gives Republicans the midterm fight they crave and takes focus off Trump 2024 and abortion rights, GOP operatives say
  + stars: | 2022-09-22 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com   time to read: +9 min
DeSantis' political stunt in Martha's Vineyard rocketed the issues to front-page news ahead of the midterms. Ron DeSantis orchestrated flights sending migrants and asylum seekers from San Antonio, Texas, to Martha's Vineyard, Massachusetts, many observers saw a stunt aimed at raising the Republican's political profile ahead of a potential 2024 White House run. They've also been able to keep the spotlight on former President Donald Trump, who has repeatedly teased a 2024 White House run, is the subject of an FBI investigation over classified documents, and faces a $250 million fraud lawsuit. The flights carrying migrants injected immigration into the national discussion, forcing the White House to respond. Jordan Vonderhaar/Getty ImagesRepublicans play up illegal immigration issueCongressional Republicans have welcomed the shift in the national conversation to immigration and border security.
☆ It's a 'bummer year for animation' as HBO Max, Netflix, and more streamers scrap original kids series and hunt for the next 'CoComelon'
  + stars: | 2022-09-07 | by ( Elaine Low | ) www.businessinsider.com   time to read: +7 min
HBO Max's abrupt removal of dozens of series, mostly kids shows, took creators by surprise. You can't stream it on HBO Max or any subscription service; it's available only for purchase on iTunes. The move was a cost-saving one for HBO Max parent Warner Bros. HBO Max will continue to release new kids and animated programming but is expected to be more selective. "It's a small community" of animation creators, the animation exec told Insider, and those HBO Max cancellations hurt.
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