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Like a lot of homeowners, Schummer was keen to convert some of his theoretical wealth into real cash. These kinds of deals, often referred to as home-equity-sharing agreements or home-equity investments, have existed on the fringes of housing finance for decades. The success or failure of home-equity investments could shape the future of homeownership in America. If the home's value has gone up, everyone wins; sell it for a loss, and the investor might share in that downside. "Over time for us, the customer becomes everybody," Eoin Matthews, the chief business officer and a cofounder of Point, told me recently.
Persons: Kennis Schummer, Schummer, Laurie Goodman, Goodman, he'd, Eoin Matthews, , Hometap, Jim Riccitelli, Riccitelli, Adam Rust, Rust, Rust wasn't, I'm, Jordan Gilberti, Holly Bunting, Mayer Brown, Edwin Remsberg, Matthews, they'd, Jeffrey Glass, Glass, I've, he's Organizations: Consumer, Urban Institute, Federal Reserve, Bain Capital, Palisades Group, Redwood Trust, Getty, Consumer Federation of America Locations: Pensacola , Florida, California, homeownership, America, Connecticut, Maryland, Florida
Wait. Why is Reddit losing so much money?
  + stars: | 2024-02-27 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +4 min
Last year, according to Reddit's newly filed IPO documents, the company generated $804 million in revenue and lost nearly $91 million. But it's still a lot of money to lose selling a free product. AdvertisementOne big, obvious answer: It has been hiring a lot of engineers and spending a lot of money on their salaries. (Note: There are some dumb stories floating out there about Reddit CEO Steve Huffman getting paid $193 million last year. The best argument I can make in their defense is that Reddit is still adding a lot of users and that more users equals more ad money.
Persons: , it's, Condé Nast, that's, Steve, Greg Doherty, Steve Huffman, Elon Musk, Reddit, they're, Alex Heath Organizations: Service, Facebook, Business, Twitter, Google
In the last 15 months, Wall Street analysts have hailed generative AI as the most impactful innovation in decades and compared its theoretical impact to that of the internet. While the full impact of AI isn't clear yet, companies are under immense pressure to convince investors that they're not falling behind. "We can't envision any of these large cloud companies or consumer companies pulling back on AI spending anytime soon," Colello said. UBS"This is not always a harbinger of slowing revenue growth and a concentrated H200/B100 launch could be adding to near-term opex," Arcuri wrote in a recent note. AdvertisementDespite what Nvidia's recent performance suggests, Wall Street is notoriously tough to please.
Persons: , Morgan Stanley, Steve Sosnick, Wedbush's Dan Ives, who's, Marcelli, they're, Sosnick, Brian Colello, Colello, They're, we're, Vivek Arya, Arya, Michael Landsberg, Landsberg, Jason Draho, Draho, Timothy Arcuri, Arcuri Organizations: Service, Wall Street, Business, Nvidia, Interactive, Bulls, Bank of America, Wedbush Securities, UBS, UBS Global Wealth Management, Morningstar, Landsberg Bennett, Wealth Management
CERN's new supercollider will be 8 times more powerful than the LHC, the largest and most powerful in the world. Particle physics research will need a major upgrade to begin exploring that mysterious 95%, made up of dark matter and dark energy. CERN, the European Council for Nuclear Research, is designing a new supercollider called the Future Circular Collider (FCC) to push the boundaries of modern physics research and perhaps discover the true nature of our mostly invisible universe. Together, these two colliders could usher in a new frontier of physics research. Breaking new groundCERN plans to build the 56-mile-long FCC tunnel beneath France and Switzerland, encircling the city of Geneva.
Persons: , Michael Benedikt, Christophe Grojean, Benedikt, Grojean Organizations: Service, CERN, European Council for Nuclear Research, Collider, FCC, hh, CERN CERN, Environmental Locations: Geneva, France, Switzerland
What to watch in South Carolina’s Republican primary
  + stars: | 2024-02-24 | by ( Gregory Krieg | ) edition.cnn.com   time to read: +8 min
CNN —Nikki Haley’s presidential campaign has for weeks been looking ahead to the Republican primary in South Carolina, her home state where she was twice elected governor. The primary in South Carolina is open, meaning Democrats and independents can cast ballots in the GOP race. The former president does not need to open a larger tent in order to win in South Carolina. It’s obviously not insurmountable, and with 50 at stake in South Carolina, Haley could theoretically jump into the lead. South Carolina awards 29 of its delegates to the statewide winner and three apiece to the leader in each of its seven congressional districts.
Persons: Nikki Haley’s, Donald Trump, Trump, Haley, , Betsy Ankney, ” Haley, I’ll, “ I’m, Nikki Haley, , Nancy Mace, That’s, Mace, Michael Haley, Jake Tapper, South Carolina –, Harry Enten, It’s, it’s, CNN’s Ethan Cohen Organizations: CNN, Republican, Virgin Islands, Palmetto State, Trump, South Carolina National Guard, Confederate, statehouse, GOP, Granite, White, South Carolina Locations: South Carolina, Iowa, New Hampshire, Nevada, Virgin, Palmetto, “ South Carolina, Carolina, Coast, Michigan, Texas, Virginia, Super, Charleston, Richland, California
While we’re waiting, here are takeaways from the GOP’s 2024 South Carolina presidential primary. She’d need to win New Hampshire, with its much more moderate electorate built in part on a slew of independents participating in the state’s GOP primary. And that potentially game-changing stretch of the Republican primary race is over. “I said earlier this week that no matter what happens in South Carolina, I would continue to run for president. “South Carolina is Trump country,” Scott declared from stage Saturday night after Trump asked him to speak.
Persons: Donald Trump, Nikki Haley, Haley, he’s, MAGA, Joe Biden, Biden, Will Haley, , , Trump, Republicans cringe, She’s, ” Haley, she’ll, Brian Snyder, doesn’t, Haley —, she’s, , I’m, Tim Scott’s, Sen, Tim Scott, ” Scott, Scott, ” Trump, Organizations: CNN, South Carolina Republican, Palmetto State, Trump, GOP, South, District, Carolina, Republican National Convention, Republican, Republicans, New Hampshire, , Reuters, Super, Fox News Locations: Palmetto, South Carolina, Michigan’s, Idaho and Missouri, North Dakota, , Trump’s, New, Michigan , Minnesota, Colorado, Utah, Soviet, Charleston , South Carolina, New Hampshire, “ South Carolina, Trump
Opinion: What the AT&T outage reveals
  + stars: | 2024-02-23 | by ( Opinion Bob Kolasky | ) edition.cnn.com   time to read: +6 min
CNN —The news Thursday morning of the AT&T service outage — affecting tens of thousands, if not hundreds of thousands of customers — was yet another reminder of the importance of critical infrastructure resilience. By a few minutes after 3 pm ET, about 11 hours after customers’ initial reports of the outage, AT&T said it had restored service to all affected customers. For communications, it can be conceptualized in two different ways: What is the scope and scale of the service outage and what are the cascading consequences of the outage? In a connected world, a widespread communications outage can have a contagion effect. Infrastructure outage incidents can’t be addressed by stove-piping information.
Persons: Bob Kolasky, , it’s Organizations: Infrastructure Security, Risk Management, CNN, Bob Kolasky Department of Homeland, Federal Communications Commission, White, Communications, AT, Rogers Communications, Chinese Communist Party, Telecommunications, Carnegie Endowment, International Peace Locations: Exiger, Canada, France, Paris, Puerto Rico, Southeast, Gulf
A leading food and drug chemist says most memory supplements are likely bogus. But getting enough protein, from plant sources like nuts, beans, and whole grains can help. There are hundreds of supplements out there promising to "boost" your brain health or perform a "miracle" for your mind. Science shows plant proteins and mixed berries are great for aging brainsSandy Schulze/APSchwartz looks to the long-term Nurses Health Study for better evidence. It's a landmark public health study that has been running in the US since 1976.
Persons: Joseph Schwartz, It's, Sandy Schulze, Schwartz, munch Organizations: Science, Society, McGill University, Health, Nurses Health
But — astead herndon You don’t really talk — you don’t really talk about that on the first date? I don’t know how to — I don’t know if that’s the best way to phrase it. I just — they’re not for me if they’re really, really intense about it. And it is really, really important to some people and less important to others. speaker 8 I’m — I’m — I’m more pro-choice, to be honest.
Persons: ashley I’m Ashley, radia I’m Radia, ashley, astead herndon, ashley Yes, radia, we’re, we’ve, hasn’t, Donald Trump, it’s Donald Trump, Joe Biden, ashley Um, BELL, herndon, Elisa Gutierrez, Ashley, Radia, King of Prussia, elisa gutierrez, elisa gutierrez Oh, elisa gutierrez We’re, Don’t, I’m Astead Herndon, Trump, there’s, you’re, — astead herndon, Biden, It’s, that’s, I’m, COVID, didn’t —, aren’t, I’m John, astead, wasn’t, karen, Karen, karen Um, don’t, they’re, — astead, , Pew, jess grose, Jess Grose, ” astead herndon, anna martin I’m Anna Martin, Elisa, anna martin, Jess, you’ve, astead herndon We’re, Anna, Taylor Swift, anna martin That’s, anna martin You’re, I’ve, anna martin Totally, jess grose Homophily, astead herndon Homophily, astead herndon I’m, — jess grose That’s, it’s, you’ll, anna martin Absolutely, jess grose Yes, anna martin Oh, Wariness, astead herndon Anna, anna martin Good, jess grose Oh, Jessica Grose, Anna Martin, Tom Suozzi, Republican Mazi Pilip, astead herndon He’ll, George Santos, astead herndon Donald Trump, Lara Trump, Sean Hannity, lara, Donald J, Ronna McDaniel, biden, Jason Kelce, Travis Kelce, Mama Kelce Organizations: The New York Times, Biden, Trump, Pew, “ Times, Democratic, Republican Party, Republican, The Boston Globe, Nassau, Nassau County Republican, Republican National Committee, RNC, South, GOP Locations: King, Philadelphia, herndon, astead herndon, It’s, United States, , Boston, New, Nassau County, Israel
Read previewI moved to Italy in 2019 with a basic understanding of Italian and a desire to continue to improve my speaking skills. Though I completed some Italian language courses in college and diligently practiced on Duolingo, I could not build the confidence to have an in-depth conversation with strangers. AdvertisementHaving Lucky makes Kristopher Milicevic feel lucky. Kristopher Milicevic says his dog Lucky has traveled with him to many places in Italy. My connection with my neighbors is deeper thanks to him, and now, I engage in daily conversations that help me master my language skills.
Persons: , Lucky, Kristopher Milicevic, I’ve, , Grazie Organizations: Service, Business, Lucky, People Locations: Italy, Lake Como, Emilia
The wintry mess left both parties racing to rewrite last-minute campaign plans and sophisticated models to understand how the storm might affect turnout. But many Republican voters still prefer to vote on Election Day, and their party is accustomed to closing a gap. The party has won nearly every major election on Long Island since 2021, partly on the strength of its turnout operation. Peter T. King, a former Republican congressman, conceded that the snow could cost his party a couple of percentage points. Still, he predicted that the recently revived Nassau County Republican machine was up to the task.
Persons: Stephanie Keith, Dave Sanders, The New York Times Stephanie Keith, The New York Times Tom Suozzi, Mazi Pilip, George Santos, ” Steve Israel, , Biden, Santos, Tom Suozzi, Suozzi, Mazi, , ” Jay Jacobs, Peter T, King, committeemen, Suozzi’s, haven’t, Mr, Jacobs, Delia DeRiggi, Bruce Blakeman, Blakeman, Ellen Yan Organizations: The New York Times, The New York Times Credit, Democrat, Republican, Queens and, Republicans, Democratic, Mr, Democratic Party, Nassau County Republican, Legislature Locations: Nassau, New York, Queens and Long, New York City, Long, Nassau County, North Shore, Whitton
Christopher Nolan and Robert Downey Jr. have each worked on some of the most lucrative and beloved superhero films of our time, many of them with enormous star-filled casts, so how is it that the two had never worked together on a movie before now, superhero or otherwise? Their paths crossed, sort of, on “Batman Begins” (more on that later). Among those nominations are three for Nolan, 53, for best picture, best director and best adapted screenplay, and a best supporting actor one for Downey, 58, for his performance as Lewis Strauss, the title character’s Salieri-like nemesis. The nominations are hardly their first — counting “Oppenheimer,” Downey has received three, Nolan, eight — but neither has ever won before and now they’re both considered front-runners. The day after the Oscar nominations were announced, the two got together on the Universal studio lot to talk about how they first met, what winning an Oscar would mean to them, and why so many people didn’t notice that that balding, sweaty guy who had it in for Oppenheimer was actually Robert Downey Jr.
Persons: Christopher Nolan, Robert Downey Jr, “ Oppenheimer ”, Nolan, Downey, Lewis Strauss, character’s Salieri, Oppenheimer, ” Downey Organizations: Universal Locations: New Mexico
“It’s been an issue in North Dakota, it’s been an issue nationally,” said measure chairman Jared Hendrix, who led a successful 2022 initiative that set term limits for North Dakota’s governor and Legislature. In a 1995 congressional term limits case, the court ruled that states cannot set qualifications for Congress beyond those listed in the U.S. Constitution. Backers of the North Dakota measure filed a federal lawsuit last year, challenging the state's constitutional provisions and laws against out-of-state petition circulators. Term Limits. Term Limits National Field Director Scott Tillman helped Hendrix carry boxes of petitions into the secretary’s office on Friday.
Persons: “ It’s, it’s, , Jared Hendrix, , Democratic Sen, Quentin Burdick, Mark Jendrysik, Mitchell, Jason Marisam, Marisam, Clarence Thomas, ” Marisam, Republican Sen, John Hoeven, U.S . Sen, Dianne Feinstein, Mitch McConnell, Joe Biden, Robert Hur, Nikki Haley, Biden, Donald Trump, Scott Tillman, Hendrix, ” Tillman Organizations: N.D, U.S . Senate, U.S . Constitution, North, U.S . House, Representatives, Democratic, University of North, U.S, Supreme, Mitchell Hamline School, Law, Republican, U.S ., Locations: BISMARCK, North Dakota, U.S ., U.S, Dakota, University of North Dakota, Texas, North
But nothing is certain yet, aside from the interest from mostly European and Western countries that bankroll CERN, which is home to the Large Hadron Collider. She said review committees had not turned up any “technical show-stoppers” for the project so far. Photos You Should See View All 45 ImagesHowever, the science that the future collider could generate remains largely unknown. “It’s true that at the moment we do not have a clear theoretical guidance on what we should look for,” Gianotti said. Monday’s briefing on the new collider included some proposed changes to the original plan announced in 2019.
Persons: , Fabiola Gianotti, ” Gianotti Organizations: GENEVA, , European Organization for Nuclear Research, CERN, Collider, collider Locations: Swiss
US President Donald Trump and China's President Xi Jinping attend a business leaders event inside the Great Hall of the People in Beijing on November 9, 2017. The Washington Post first reported the Trump campaign was weighing a theoretical 60% Chinese tariff plan. Her disapproval echoes the concerns of Wall Street investors who worry that another China trade war would disrupt markets again. At the time, Deutsche Bank estimated that the trade war was causing the stock market to hemorrhage trillions. Trump has attacked Biden for appeasing China while simultaneously expressing cozy sentiments toward China's authoritarian president, Xi Jinping.
Persons: Donald Trump, Xi Jinping, Trump, Nikki Haley, Trump's, Donald Trump's, Haley, Joe Biden, Biden, Xi, Fox News's Sean Hannity Organizations: China's, of, People, GOP, Washington Post, UN, National Taxpayers Union, Wall Street, China, U.S, American Action, U.S ., China Business Council, Deutsche Bank, appeasing Locations: Beijing, U.S, China, appeasing China
Market hopes for big cuts this year are unlikely to pan out, Deutsche Bank wrote. AdvertisementMarkets may find that the anticipated rate-cutting cycle falls short of expectations, Deutsche Bank's George Saravelos wrote on Friday. Futures markets forecast five to six cuts this year, slashing the fed fund rate by over 100 basis points by the year's end. That year, the central bank cut rates by 75 basis points, below hopes for a 200 basis point reduction. We have also written about the US economy's dramatically reduced interest rate sensitivity," Saravelos wrote.
Persons: , George Saravelos, That's, Saravelos Organizations: Deutsche Bank, Service, Deutsche, Futures, Federal, Intelligence, Fed
The question of what brings insects toward lights of all kinds — from flames to porch lamps — is an ancient one. AdvertisementIt was as if they were using the light source as a way to orient themselves to the sky. Sam FabianBut Fabian said they tested this theory and found that some insects started traveling in a different direction when a new light source switched on. A less-bright future for insectsThere's a reason scientists have long sought to answer the question of why insects are attracted to artificial light. Oboyski also worries that light pollution is impacting the way insects navigate through their environments.
Persons: , Mary Esther Murtfeldt, Sam Fabian, Chris Robbins, Getty Images Fabian, Yash Sondhi, Fabian, Peter Oboyski, wasn't, Oboyski, Sam Fabian Fish, It's, Sondhi, they're Organizations: Service, Imperial College London, Business, Getty Images, Essig, of Entomology, Nature Communications Locations: Costa Rica
Read previewMore people seem to be talking about canceling their Amazon Prime memberships. But new data suggests Prime membership growth may have bounced back in the US, after seeing a dip for the first time ever in 2022. The increase follows Prime's first-ever drop in membership growth in 2022, when CIRP said its survey data showed Prime "essentially stopped growing" in the US. "An increase in Prime members today means that more US consumers are finding Prime and therefore Amazon shopping is worth the investment in membership." Earlier this week, Amazon started showing ads on its Prime video streaming service for the first time.
Persons: , CIRP, Bradley Mattinger, Amazon's, Mattinger, Doug Herrington Organizations: Service, Amazon, Wall Street, Business, Consumer Intelligence Research Partners
Here’s the good news: The Free Application for Federal Student Aid, or FAFSA, website is now open 24 hours a day, seven days a week after a yearslong effort to simplify the process of seeking financial assistance. This month, I watched two high school seniors and their college counselor start the forms from scratch and submit them in just over an hour. But in doing so, the teenagers made a false statement that broke the law. In this case, safeguards are necessary to protect private financial information. But any new login requirements might also trigger an impulse for many families with complicated lives to bypass them.
Persons: Organizations: Federal Student Aid
These black holes get kicked into space, moving as fast as 1,000 kilometers per second. AdvertisementScientists studying how supernovas explode may have discovered a new process for how certain black holes form. Turns out, some baby black holes hit the ground running at colossal speeds just moments after they take shape. Asymmetrical explosions can lead to powerful kicks that send black holes shooting into space at over 2 million mph. AdvertisementIf the black holes are movingIf you hear blazing-fast black holes and start to panic, don't.
Persons: , MARK GARLICK, GARLICK, Adam Burrows, Burrows, Vijay Varma, Ivo Labbe, Swinburne, Rachel Bezanson, Varma Organizations: Service, Princeton University, University of Massachusetts Dartmouth, NASA, ESA, CSA, University of Pittsburgh
I met Kattie in the waiting room of the Trust Women abortion clinic. Finally, she looked north and found Trust Women in Wichita, Kansas, where I first met her on a drizzly November day. How Trust Women went from a catchphrase to a clinicTrust Women sits near a main road in Wichita, Kansas. 'Screw Texas'Kiernan, the director of nursing at Trust Women, has tattoos of plants that have been historically used as birth control. That has meant clinics like Trust Women receive a large number of out-of-state travelers, especially from southern neighbors like Oklahoma and Texas.
Persons: , Kattie, she'd, Focht, Maiya, George Tiller, Tiller, Zack Gingrich, Gingrich, Gaylord, Roe, Wade, Kiernan, Texas, Dobbs, they're, I'm, telemedicine, Madison, Stormi, Kate Cox, Brittany Watts, Jennifer Kerns, Rachel O'Leary Carmona, Women's, Gaylor, Kerns, It's, O'Leary Carmona Organizations: Service, Business, Gaylord, Trust, Jackson, Health Organization, Trust Women, Texas Supreme, Centers for Disease Control, Women, University of California, OB Locations: Houston , Texas, Wichita , Kansas, Women's, Kansas, Oklahoma City, Oklahoma, State, Dobbs, Texas, Madison, Kansans, Texas . Wichita, Houston, Wichita, Kentucky, Ohio, San Francisco, UCSF, Kattie
"I don't wanna get a Ph.D. but wanna work as a Machine Learning Engineer," an X user wrote, kicking off a debate. I don't wanna get a PhD but wanna work as a Machine Learning Engineer. AdvertisementOne respondent said a doctorate is only relevant for research, not machine learning engineering. The discussion comes as employers and would-be workers assess which skills and education are most useful as the AI job market booms. One X user's response to the original post pointed out that a Ph.D. is just one way to become a machine learning engineer.
Persons: , Tanay Mehta, Cristian Garcia, X Garcia, Garcia, Chris Foltz, Lindsey Duran, Alex Shapiro, Jasper AI Organizations: Service, Business, Google, IBM, Jasper
A science-oriented advocacy group on Tuesday said the Earth remains at its closest ever position to doomsday, citing wars in Ukraine and Gaza, the climate change crisis and advances in artificial intelligence. The Bulletin of the Atomic Scientists kept its "Doomsday Clock" at 90 seconds to midnight – the same setting as in 2023. Midnight on the clock represents a theoretical point of global catastrophe and destruction. The clock dates back to 1947 and was typically “set” at minutes to midnight, though the group has switched to counting down the seconds in recent years. The clock has been as far away from midnight as 17 minutes in 1991 after the end of the Cold War.
Persons: Rachel Bronson, , ” Bronson, Organizations: Atomic Scientists Locations: Ukraine, Gaza, Israel
By Will DunhamWASHINGTON (Reuters) - Atomic scientists on Tuesday kept their "Doomsday Clock" set as close to midnight as ever before, citing Russia's actions on nuclear weapons amid its invasion of Ukraine, nuclear-armed Israel's Gaza war and worsening climate change as factors driving the risk of global catastrophe. The Bulletin of the Atomic Scientists, as they did last year, set the clock at 90 seconds to midnight - the theoretical point of annihilation. Scientists set the clock based on "existential" risks to Earth and its people: nuclear threat, climate change, and disruptive technologies such as artificial intelligence and new biotechnology. The Bulletin of the Atomic Scientists was founded in 1945 by scientists including Albert Einstein and J. Robert Oppenheimer. The clock was first unveiled during the Cold War tensions that followed World War Two.
Persons: Will Dunham WASHINGTON, Rachel Bronson, Bronson, Vladimir Putin's, Sergei Karaganov, Albert Einstein, J, Robert Oppenheimer, Will Dunham, Rosalba O'Brien Organizations: Atomic Scientists, Reuters, Hamas Locations: Ukraine, Chicago, Russia, United States, Belarus, Russian, Europe, Israel, Palestinian, Gaza
Read previewThe future of US-China relations looks grim, according to a new report by a group of 25 experts on both countries. And US scientists might find a mysterious avian flu in China, while China detains five Americans on accusations that they broke the law. Advertisement"Instead, the war scenario is a scenario of increasing crises leading to increasing distrust in diplomatic solutions," he said. 2) A zero-sum bloc gameOr US-China trade could fall to all-time lows by the late 2020s, with competition ramping up over AI, quantum computers, and other technology, the analysis said. Seyle emphasized that the analysis isn't presenting forecasts, but theoretical scenarios that hit areas of concern in broad strokes.
Persons: , Trump, Pax Sapiens, Conor Seyle, BRICS, Saudi Arabia —, calculatingly, Seyle, Ren Libo, Adam Kahane of Organizations: Service, Business, Obama, People's Liberation Army, Observers, Pentagon, Pax Sapiens, WTO, Grandview Institute, Adam Kahane of Massachusetts, Reos Partners Locations: China, Beijing, Washington, Taiwan, Taipei, Pax, Europe, Asia Pacific, Brazil, Russia, India, Saudi Arabia, America, Africa, United States, Latin America, Southeast Asia, US
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