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NASA had an ambitious $2 billion plan to refuel satellites in orbit using robotic arms. A decade later, it"s in shambles.

The OSAM-1 aimed to use a robotic arm to slice open hatches and unscrew fuel caps to top up satellites in orbit, but the project was cut on Friday. NASA carried out a test of the OSAM-1 in February 2023.NASAFor nearly a decade, NASA has been building a robotic arm that can refuel old satellites in space.But it killed the project on Friday amid budget issues, delays, and technical flops.In development since 2015, its budget grew to $2.05 billion by 2022, a scathing audit report said.The National Aeronautics and Space Administration (NASA) is giving up its mission to refuel old satellites in orbit, putting an end to an ambitious $2 billion project plagued by delays and technical setbacks.The administration said on Friday that it's discontinuing the effort after an independent review, citing "continued technical, cost, and schedule challenges."The On-orbit Servicing, Assembly, and Manufacturing 1 project, or OSAM-1, aimed to build a robotic arm that could top up satellites that weren't built for refueling, thereby extending their lifespan."Need extra gas or a tune-up for your satellite?" pitched its official webpage.In development since 2015, it was supposed to launch in 2025, but this was delayed to 2026.The OSAM-1's refueling technique seemed almost like brute force. A concept video of the robotic arm, called the Space Infrastructure Dexterous Robot or SPIDER, shows it cutting open a fuel hatch, ripping restraints, and unscrewing a fuel cap — all while in space.The SPIDER's concept video shows it cutting away a fuel hatch and unscrewing a fuel cap.NASAThe primary objective was to refuel the Landsat 7, a US satellite launched in 1999 that wasn't built to be refueled in orbit. The SPIDER could also be used to set up an antenna as a secondary function.But the space industry as a whole has been pivoting toward satellites already built with refueling capabilities, doing away with the need for such a device, NASA said.With fears the project might become obsolete, the administration said it was met with the "lack of a committed partner."One of the contractors that worked with NASA on the project was California-based Maxar Technologies, which was to provide the spacecraft and robotic arm under contracts worth $316 million.However, an audit report in October 2023 slammed the contractor, saying its "poor performance" meant NASA had to provide unplanned manpower and engineering support to help it deliver.Staff assess parts of a test for the OSAM-1 project.NASAThe spacecraft was delivered to NASA in September 2023, about two years late. Meanwhile, Maxar also struggled to keep up with deadlines for the SPIDER, and told NASA that it was no longer profiting from their contract work, the audit report said.Maxar had "significantly underestimated the scope and complexity of the work, lacked full understanding of NASA technical requirements, and were deficient in necessary expertise" to meet NASA's standards, the report said, adding that the contractor admitted this as well.The report said Maxar's delays stemmed from "poor prioritization and staffing," and that the contractor failed to run required tests ahead of delivery.The mission's total cost, which was once estimated to be around $753 million, burgeoned to $2.05 billion by 2022 and was expected to further exceed this budget, the report said.NASA said it's working on mitigating the impact of the OSAM-1's cancellation on staff at the Goddard Space Flight Center in Greenbelt, Maryland.The agency told CNBC that it had 450 staff and contractors working on OSAM-1, and plans on "supporting project workforce per plan through fiscal year 2024."NASA and Maxar did not immediately respond to requests for comment sent outside regular business hours by Business Insider.Read the original article on Business Insider.....»»

Category: personnelSource: NYT6 hr. 8 min. ago Related News

Jason Kelce started crying 5 seconds into his NFL retirement announcement, and his brother Travis didn"t fare much better

Despite wearing shades, Travis Kelce couldn't hide his emotions during his brother's speech either, photos show. Philadelphia Eagles' Jason Kelce cried while announcing his retirement from the NFL.AP Photo/Matt RourkeJason Kelce announced his retirement from the NFL in a press conference on Monday.The Philadelphia Eagles' center thanked his family and team for their support during his 13-year career.Despite wearing shades, Travis Kelce couldn't hide his emotions during his brother's speech either.Jason Kelce announced his retirement from the NFL during a press conference on Monday — and he was five seconds into his speech before he started crying."Thanks for coming, guys. We'll see how long this lasts," Kelce said, before he was overcome with emotion."Not a good start, there we go," he said, after taking a few moments to compose himself, per the video.Jason Kelce holds back tears while announcing his retirement during an NFL press conference on Monday.AP Photo/Matt RourkeThe Philadelphia Eagles' center delivered a 40-minute speech during the conference, thanking all those around him for their support throughout his 13-year career with the team.Kelce's wife, his parents, and his younger brother, Travis Kelce, were all in attendance, per ESPN.Despite wearing shades, the Kansas City Chiefs tight end couldn't hide his emotions during his brother's speech either, photos show.Travis Kelce, Donna Kelce, Ed Kelce, and Kylie McDevitt Kelce listen as Jason Kelce announces his retirement at an NFL press conference.AP Photo/Matt Rourke"We have a small family, no cousins, one aunt, one uncle. It was really my brother and I our whole lives," Kelce said. "We did almost everything together — competed, fought, laughed, cried, and learned from each other. We invented games, imagined ourselves as star players of that time."Kelce added that there was "no chance" he'd be where he is today without the bond he shared with his younger brother."It made me stronger, tougher, smarter, and taught me the values of cooperation, loyalty, patience, and understanding," Kelce said. "It's only too poetic that I found my career being fulfilled in the city of brotherly love. I knew that relationship all too well."Jason Kelce's wife, Kylie McDevitt Kelce, listens to him speak during an NFL football press conference announcing his retirement.AP Photo/Matt RourkeDuring the speech, Kelce also thanked his wife, Kylie, for being by his side."Every accolade I have ever received has come with her in my life. She has brought the best out of me through love, devotion, support, honesty, intelligence, and of course, the swift kick in the ass from time to time," Kelce said, per the video. "She has also given me three beautiful girls and a life that increasingly brings me more fulfillment off the field than it does on."Rumors about Kelce retiring first started swirling in January, following the Eagles' 32-9 wild-card playoff loss to the Tampa Bay Buccaneers.League sources told ESPN then that Kelce had informed his teammates in the postgame locker room about his plans to retire. NFL network's Mike Garafolo also posted the news on X.Read the original article on Business Insider.....»»

Category: personnelSource: NYT6 hr. 8 min. ago Related News

A Colorado ski town can"t fill a job with a $167,000 salary because potential candidates can"t afford to live there

The city manager of Steamboat Springs, Colorado, told NBC News two candidates turned down a $167,000 job after they couldn't find a place to live. Steamboat springs, coloradoTHEPALMER/Getty ImagesIn Steamboat Springs, Colorado, even high-earners are being priced out, NBC reported.The city manager said two people turned down a six-figure job after not being able to find housing.Steamboat Springs is among many ski towns in the West facing skyrocketing housing costs.As many rural communities struggle to deal with a jump in housing prices, it's apparently gotten so bad in one Colorado town that a $167,000 salary isn't enough to solve the problem.A recent report from NBC News details how even high earners in Steamboat Springs, Colorado, can't afford to live there, and it's impacting the city government. City Manager Gary Suiter told the outlet that the town has been unable to hire a human resources chief, with two candidates turning down the job because they couldn't find affordable housing, despite the prospect of an over-six-figure salary.Steamboat Springs, located in northwest Colorado about three hours from Denver, is among the many small towns dealing with climbing housing costs driven by the rise of remote work attracting folks from cities as well as increases in the short-term rental market.It's not just city employees that are impacted. Even doctors looking for million-dollar homes are getting outbid, with the local hospital unable to fill some positions. A ski resort is also putting its employees up in a leased hotel, NBC reported, because some employees can't afford to rent."Houses used to be for employees and hotels for guests. Now houses are for guests and hotels are for employee housing," Loryn Duke, communications director at the Steamboat ski resort, told the outlet.Locals are getting priced out of ski towns across the American West, Business Insider's Jordan Pandy previously reported. In Colorado, the situation in already-expensive ski towns, like Vail and Aspen, only got worse when housing prices skyrocketed during the pandemic. Other places, like Driggs, Idaho, are dealing with a high-priced market for the first time."These once-quiet communities have undergone a remarkable transformation," Luke Smith, an associate broker with Engel & Völkers Jackson Hole, told The Wall Street Journal last year.Cindy Riegel, chairman of the Board of Commissioners in Teton County, where Driggs is located, told the outlet existing residents went from "living comfortably to survival mode" and that some have packed up and left because they could no longer afford it.In Steamboat Springs, the problem has sparked a major housing battle, with disagreements over how to address the issues, NBC reported.Read the original article on Business Insider.....»»

Category: smallbizSource: NYT7 hr. 20 min. ago Related News

My husband convinced me to get pregnant. I had the baby, got laid off, and left him — I"m happy with all of my decisions.

I'm a single mom and felt relieved after my company laid me off. I receive government assistance and can focus on my daughter. Becoming a mom changed Cat Jones' priorities and eventually led her to leave her husband.Cat JonesCat Jones and her husband decided not to have kids and enjoyed a happy marriage for almost 10 years.After her husband became depressed, he decided that a baby would make him happy. She eventually agreed.She left her husband, got laid off, and moved back in with her family. She's happy with her decisions.For almost 10 years, my husband and I lived a good life. We weren't rich, but we always had enough, and we had a lot of fun. He's American, and we met during his working holiday in New Zealand, my home country. We hit it off instantly. Within 3 months we were living together, engaged, and planning our future. Life was sunny.Pretty early on, we agreed not to have kids. This sat well with me, as I had never wanted to be a mother. Instead, as we used to say, "we celebrated life every day." This meant alcohol, enjoying good food, visiting the beach, and indulging in our hobbies. We also bought an old house together, adopted a few cats, and got married. Our relationship was built on having carefree funBut my life hasn't turned out how I expected it to. At 37, I wanted to be running a successful business, happily married, and traveling in my spare time. Instead, I'm a single mother to a two-year-old, divorced, jobless, and living in my childhood home. I'm so broke that I've had to let strangers live in the house we bought because I can't afford to pay utilities or the mortgage.All this happened because my now ex-husband convinced me to have a baby. At the time, I knew it was a bad idea, in that we weren't in a strong or healthy place in our marriage, but saying no felt like depriving my best friend of his heart's desire. I have always been an opportunist, willing to give anything a go, and enjoy learning new skills. I felt I would approach motherhood in the same way. That's how we got to the point of him asking to have a baby. At the time, I was working for a great company with amazing perks, and loving life. He worked the night shift in a factory. Although the pay and progression were good, it wasn't the future he had envisioned. He became dark and depressed, then decided that a baby would make him happy. I eventually agreed.Cat Jones was happy with the decision not to have kids but agreed to have a baby.Cat JonesHaving a baby wasn't the dream my husband expectedOur daughter was born with silent reflux, meaning stomach acid rose up her esophagus. For almost five months, I only put her down to change her diaper. We barely slept, me and the baby, yet it was my ex who couldn't cope. He became bitter and neglectful, refusing to help with anything and calling me lazy when I asked. I knew the most important thing was our child's safety and happiness and if she couldn't have that with two parents, I would make it work with one. I asked him to leave, and eventually, when our baby was eight months old, he did, moving back to the US. I bought out his share of the house.Luckily, I was able to work from home with my baby. Despite working hard and being promoted, I was caught up in a mass layoff a few months later. Last in, first out, they said. In just over a year I had become a mom, left my husband, and lost my dream job. My income went from 82,000 New Zealand dollars, or about $50,000, to a government benefit that just pays my mortgage. I let strangers — an immigrant family — live in my house and pay my utilities, while I share a bedroom with my daughter in my childhood home. Instead of putting her in care and finding a new job, I made use of the government benefit, reduced my bills, and embraced the multigenerational family home. I chose to focus on my daughter, not my careerCat Jones' daughter was born with silent reflux and she couldn't put her down for almost 5 months.Cat JonesI could not be happier. Becoming a mother changed my priorities, and being her only caregiver strengthened my resolve to raise her well. I feel strongly that having a stable, loving, and attentive caregiver is important for babies, far more important than money. So far, it's proving true. At two years old, my daughter is toilet trained, has an advanced vocabulary, knows over half the alphabet, and can count into double digits. She uses manners, has minimal screen time, and is comfortable with other people. Seeing her thrive makes me proud, and thanks to her — and being divorced and laid off — I have renewed relationships with my family. Being a mom has made me realize that one of the most important things we can do for our children is to develop a strong, safe, and loving relationship with them. We need to be present to do that. I can start a business at any age, but I can't get this time back once it's gone. That's why I am embracing my situation with joy and thanks, every day.Got a personal essay about living abroad or parenting that you want to share? Get in touch with the editor: akarplus@businessinsider.com.Read the original article on Business Insider.....»»

Category: smallbizSource: NYT7 hr. 20 min. ago Related News

Jeff Bezos is once again the world"s richest person thanks to the Big Tech rally

Bezos is the world's richest person with a net worth of $200 billion after Amazon shares surged 90% from a year ago. Jeff Bezos is now the world's richest person.Saul Loeb/AFP/Getty ImagesJeff Bezos just reclaimed his title as the world's richest person.Bezos' wealth surge is due to a rally in Big Tech shares, incuding Amazon.Tesla CEO Elon Musk now ranks second on the Bloomberg Billionaires Index.It's been more than two years since Amazon founder Jeff Bezos was the world's richest person, but he's now back in the lead again.As of Tuesday, Bezos is the world's wealthiest man, with a net worth of $200 billion, according to the Bloomberg Billionaires Index.Bezos reclaimed the top spot after a sustained rally in Big Tech shares on the back of the artificial intelligence boom. The last time Bezos was the world's richest person was in 2021.Amazon shares are up 17% this year to date and nearly 90% higher than a year ago. They closed 0.4% lower at $177.58 apiece on Monday.Since Bezos owns about 9% of Amazon, the world's largest online retailer, his net worth goes up when its stock rises. The billionaire also owns space exploration company Blue Origin, which Bloomberg also uses in its calculation.Bezos, 60, unseated Tesla CEO Elon Musk, who was in the top spot for nine months. At one point, Musk was $142 billion richer than Bezos, per Bloomberg.Bezos first surpassed Microsoft cofounder Bill Gates as the world's richest person in 2017. Bezos was unseated by Musk in 2021 on the back of a Tesla share surge.Musk and Bernard Arnault, the chairman of LVMH Moet Hennessy Louis Vuitton, are now the second and third richest people on the Bloomberg Billionaires Index. Their net worths currently stand at $198 billion and $197 billion, respectively.Tesla's stock is down 24% so far this year and 3% lower than a year ago. The EV maker's shares tumbled 7% on Monday after its China sales slumped in February.Read the original article on Business Insider.....»»

Category: smallbizSource: NYT7 hr. 20 min. ago Related News

Mark Cuban says he will vote for Joe Biden even if the president "was being given last rites"

"If they were having his last wake, and it was him versus Trump, and he was being given last rites, I would still vote for Joe Biden," Cuban said. Joe Biden (left), Mark Cuban (center), and Donald Trump (right).Saul Loeb/AFP via Getty Images; Mandel Ngan/AFP via Getty Images; Alon Skuy via Getty ImagesMark Cuban says he'll vote for Joe Biden — even if the president's on his deathbed.Cuban told BI that he expects a rematch between Biden and Donald Trump in November.He said he'll be voting for Nikki Haley on Super Tuesday as a "protest vote against Trump."Mark Cuban says he's determined to cast his vote for President Joe Biden this November — even if Biden's on his deathbed."If they were having his last wake, and it was him versus Trump, and he was being given last rites, I would still vote for Joe Biden," Cuban told Bloomberg on Monday.The billionaire investor was speaking to Bloomberg after attending a roundtable at the White House on drug prices. Cuban is the co-founder of the low-cost online pharmacy, Mark Cuban Cost Plus Drugs Co.Cuban told BI via email that he fully expects a predictable rematch between Biden and former President Donald Trump this November."That's what the polls say. There is no reason to expect otherwise," Cuban told BI.Cuban's distaste for Trump dates back years. In 2016, Cuban said he had a "love-hate relationship" with Trump."There's that guy who'll walk into the bar and say anything to get laid," Cuban said of Trump in an interview with Anthony Scaramucci at the SkyBridge Alternatives Conference in 2016.In November 2020, Cuban said that he didn't think Biden and Trump "were the best and brightest" presidential candidates the US has to offer."We are now seeing the downside of having a political duopoly," Cuban said on The Verge's "Decoder" podcast.Concerns over Biden's age have been swirling ever since he announced his reelection bid in April.In February, a special counsel report on Biden's handling of classified documents said the president was struggling with memory issues.US special counsel Robert Hur said in his report that Biden presented himself during interviews "as a sympathetic, well-meaning, elderly man with a poor memory." Biden has furiously pushed back against that characterization and appears unlikely to give way to a replacement from the Democratic party's ranks.Cuban told Bloomberg that he will be voting for former UN ambassador Nikki Haley in the Texas GOP primary on Super Tuesday, calling it a "protest vote against Trump."On Sunday, Haley managed to win her first GOP primary in Washington, DC. The victory, however, will provide Haley with little relief, given that she is trailing far behind Trump in terms of delegate count.Haley has won 43 delegates, nearly six times less than Trump's 244 delegates. Candidates need to secure 1,215 delegates in order to lock down the GOP presidential nomination.Trump and Haley will face off again on Super Tuesday, with 15 state primaries slated to take place on March 5.Read the original article on Business Insider.....»»

Category: smallbizSource: NYT7 hr. 20 min. ago Related News

Hong Kong shoppers are crossing the border into Shenzhen to buy croissants and rotisserie chickens at China"s newest Costco

Hong Kong's economic struggles created the perfect situation for China's Shenzhen Costco location to thrive, netting 15,000 cross-border memberships. Thousands of people flocked to the newest Chinese Costco on opening day earlier this year.Photo by Liang Xu/Xinhua via Getty Images)Costco's store in Shenzhen, China, has been attracting a large number of customers since it opened.The store's popularity is driven by Hong Kong residents crossing the border to shop in mainland China. Tour agencies in the region are even organizing Costco-centered vacation packages. China has fallen in love with Costco, as evidenced by the uproarious response to its new Shenzhen location, which has already prompted cross-border pilgrimages and sparked store-centric travel packages since opening earlier this year.More than 140,000 customers have visited China's newest Costco since it opened in mid-January, a spokesperson for Costco told Business Insider, and buzz for the big-box store only continues to grow in the region.Opening day alone saw more than 10,000 customers, according to the company spokesperson. Photos from the scene showed long lines and huge crowds as customers weaved in and out of the outlet's towering aisles.The new outlet is located in the city of Shenzhen, a southeastern metropolis that links China's mainland to Hong Kong, offering residents of the special administrative region the rare chance to get lost in the aisles of a retail giant — after they cross the border from Hong Kong into mainland China.A spokesperson for Costco said the Lunar New Year last month brought in scores of Costco customers, including those who made the trek from Hong Kong and particularly enjoyed being able to buy fruits, snacks, and other imported food products.The most popular items purchased at the store, according to a spokesperson, are foodstuffs like butter croissants, muffins, rum pastries, rotisserie chickens, and the Shenzhen-exclusive Jumbo Bulgogi Bake.People shop at the new store of Costco in Shenzhen, south China's Guangdong Province, Jan. 12, 2024.Xinhua News AgencyLarge bulk stores are a rarity in Hong Kong due to the city's limited space and expensive culture.Obsession with the new Shenzhen location comes as Hong Kong's massive retail market undergoes a shake-up, with wealthier locals fleeing the city and poorer Hong Kong residents searching for affordability.Hong Kong's economic struggles, however, have created the perfect circumstances for Shenzhen Costco to thrive. The store has become a popular shopping destination for both Hong Kong residents and other tourists in the region, according to a recent Bloomberg article.More than 15,000 Hong Kong residents have already signed up for a Costco membership, the outlet reported, and both Costco and the country are jumping on board to help facilitate future visits.Costco has organized several shuttle buses each day that run between the Shenzhen store and Hong Kong, according to a company spokesperson. Costco is also partnering with cross-border delivery companies that pack and ship items purchased by Hong Kong residents.People queue to enter the new store of Costco on January 12, 2024 in Shenzhen, Guangdong Province of China.VCGThe Shenzhen location is working with tech company Tencent Holdings LTD's WeChat Pay HK, which is giving out coupons and cash vouchers via the e-wallet to help customers with Hong Kong-based bank accounts make purchases in the mainland, Bloomberg reported.But the newest Costco — the sixth store in mainland China thus far — broadly appeals to the entire region.A Taiwan-based travel agency is offering a vacation package that includes three hours of shopping at the Shenzhen Costco, a membership to the store and a five-star hotel stay for about $78 per person, Bloomberg reported.Read the original article on Business Insider.....»»

Category: smallbizSource: NYT8 hr. 20 min. ago Related News

Trump fights proposed hush-money trial gag, argues "tens of millions of Americans" want to hear his views about the case

The First Amendment protects not only speech, but those who listen to speech, his lawyers argued Monday. Former President Donald Trump, left. adult film star Stormy Daniels, center. Manhattan District Attorney Alvin Bragg, right.Alex Brandon/AP, left. Markus Schreiber/AP, center. Eduardo Munoz Alvarez/AP, right.Trump's NY hush money prosecutors worry he'll incite attacks on witnesses, jurors, and court staff.On Monday, Trump's lawyers filed papers opposing DA Alvin Bragg's request for a limited gag order.The defense says that "tens of millions of Americans" want to hear his take on the March 25 trial."Tens of millions of Americans" want to hear what former President Donald Trump has to say about his upcoming "hush money" trial in New York, his lawyers argued Monday in papers opposing the district attorney's proposed limited gag order.Manhattan prosecutors want the GOP frontrunner barred from making remarks that could incite attacks on witnesses, jurors, and court staff.The First Amendment protects not only speech but those who listen to the speech, his lawyers argue in the new filing to the trial judge, state Supreme Court Justice Juan Merchan.The proposed gag would harm not only Trump, but all those who wish "to listen to President Trump's campaign speech," the filing by defense lawyers Susan Necheles and Todd Blanche says."A restriction on President Trump's speech therefore inflicts a 'reciprocal' injury on the tens of millions of Americans who listen to him," it says."American voters have the First Amendment right to hear President Trump's uncensored voice on all issues that relate to this case," it says."President Trump's political opponents have, and will continue to, attack him based on this case," it adds."Neither the First Amendment nor the New York Constitution permits the government 'to license one side of a debate to fight freestyle, while requiring the other to follow Marquis of Queensberry rules,'" says, quoting case law from 1992.The judge and Manhattan District Attorney Alvin Bragg have contended that Trump remains at liberty to say anything he wants to about the case — they just don't want him inciting attacks, something the judge warned the former president about at his arraignment nearly a year ago.Prosecutors' gag request cites scores of citations from Trump's social media and speeches, in which he "attacks individuals that he considers to be adversaries."The proposed gag is tailored after a gag order in his Washington, DC, election interference case that has already been upheld by a federal appellate court, the DA's request argues.Manhattan prosecutors allege Trump falsified 34 Trump Organization business records to hide a $130,000 hush money payment to porn actor Stormy Daniels. Trump pleaded not guilty.The payment, footed by Trump's then-personal attorney, Michael Cohen, silenced Daniels weeks before the 2016 election. But instead of being recorded as a campaign expenditure, it was illegally disguised as a series of legal fees to Cohen, prosecutors say.In Monday's filing, the defense further argues that Trump has not incited attacks on witnesses, prospective jurors, and court staff. The judge's verbal warning against doing so, made during Trump's arraignment a year ago, has been sufficient, they argue.Trump's lawyers sent the judge a separate filing Monday focused on Bragg's request for an anonymous jury. They argue that Trump and his defense team need to know the identities of potential jurors in order to prepare for jury selection effectively."The people do not cite a single public statement by President Trump since May 2023 that addressed, positively or negatively, the potential venire in this case," Necheles and Blanche wrote, using the legal term for prospective jurors."The People do not identify a single example where President Trump mentioned — let alone attacked or harassed — any juror by name," they add.Merchan has not said when he will rule on the proposed gag order and on juror anonymity.Read the original article on Business Insider.....»»

Category: smallbizSource: NYT8 hr. 20 min. ago Related News

The 18 best swim trunks from Amazon, all with 2-day shipping

Swim trunks should be comfortable and sharp-looking. Our top picks are from brands we've tested and loved, like Patagonia, Everlane, and Fair Harbor. When you buy through our links, Business Insider may earn an affiliate commission. Learn moreBirddogs' bathing suit (left) has a comfy lining, while Everlane's swim shorts (right) can be worn in and out of the pool.Birddogs/Everlane/InsiderRight now, many brands are hosting swimwear sales during the off-season. So whether you're looking to score a deal on the best swim trunks for men to wear next summer or in the middle of planning a tropical escape, we've got you covered (get it?) with our guide to trendy short swim trunks and old-school boardshorts. And yes, we've also got some of the ever-popular hybrid swim shorts that can take you from poolside to a casual dinner out.Before we dive in, just a reminder that these trunks can work for anyone of any gender. Many of the brands offer a wide range of sizing, from extra small to 3XL, but if you're looking for something in smaller sizes, be sure to check out our guide to the best swimsuits for women. Learn more about how Insider Reviews tests and recommends clothes, shoes, and accessories.Here are the best swim trunks for men in 2024:Dandy Del Mar Mallorca Swim-Walk ShortDandy Del MarLive the leisure life in Dandy Del Mar's Mallorca Swim-Walk Shorts that are as at home at a beach resort as they are at a backyard barbeque. Sizing options: 28-38Color options: Carajillo Houndstooth, Aloe Stripe, Spanish RoseDandy Del Mar exudes '70s California cool and beyond to the world's best beach spots, from St. Tropez to Tahiti. Dandy Del Mar's clothes were featured in the second season of the hit Max show "The White Lotus," so yeah, the brand has the seaside leisurewear game locked down.The Mallorca Swim-Walk Shorts have a vintage look with colorways like houndstooth and throwback thick vertical stripes, with antique brass waist buckles with nice touches like a double-layer nylon construction that gives the suit a bit more structure. They're made for getting you from the beach to a casual evening out without changing. Whether you're at some beach hotspot or just hanging out at your local haunt, these are among the best swim trunks for their style and versatility. Patagonia BaggiesPatagoniaDubbed by the brand as Life's Shorts, Patagonia Baggies are great for wearing casually, swimming, and everything else life has to offer.Sizing options: XS to XXLColor options: 15 colors availableIf fleeces are Patagonia's cold-weather staple, then Baggies Shorts are its warm-weather equivalents. Although they're not marketed specifically as swim trunks, they're some of the best swim shorts we've tested because of their versatility.Patagonia Baggies are made using 100% recycled nylon, which is lightweight and durable. They're treated with a water-resistant coating to keep you dry when you wear them during activities like hiking, but also include many features designed for fully submerging as swim trunks. You'll find its vertical side pockets help to reduce drag when you're in the water, and the mesh interior helps water drain quickly when you get out.With 5-inch and 7-inch inseams available, you can choose the Baggies that best align with your aesthetic — plus, there are plenty of colors and patterns to choose from. Read more in our full Patagonia Baggies shorts review.Birddogs Bathing SuitBirddogsBirddogs Swim Shorts settles the great debate on whether or not you should wear underwear with trunks. Featuring comfortable, fast-drying underwear built-in, you can avoid mesh liners.Sizing options: XS to XXLColor options: Eight colors to choose fromFor some, mesh liners found in swim trunks are completely unbearable. For others, the idea of wearing underwear in the water just doesn't sit well. Birddogs Bathing Suits are the solution if you don't like mesh liners, but don't want to go commando in a pair of unlined board shorts.All of Birddogs shorts and pants feature built-in underwear, but they're especially great in the swim shorts because of the quick-drying material. You'll have the support of comfortable boxer briefs, without them staying soaked well after you've gotten out of the water.There are five colors available with funny names like Shark King (a play on Tiger King), Splashton Kutcher, and Inner Banks.Read more in our full Birddogs review.Fair Harbor Anchor Swim ShortFair HarborFair Harbor's Anchor Swim Short is eco-friendly, super comfortable thanks to a smooth built-in liner, and comes in 14 different colorways.Sizing options: S to 3XL Color options: 26 choices availableFair Harbor provides a sustainable choice for the best swim trunks for men by using recycled plastic bottles to produce swim trunks that are both soft and durable. The Anchor Swim Short is naturally odor resistant, fast drying, has a scalloped hem for a wide range of motion, side pockets that drain, and a back pocket with a hidden zipper. These are comfortable for all-day wear thanks to the addition of 12% spandex in the fabric for lots of stretchiness.Everlane ReNew Swim ShortsEverlaneThe Everlane ReNew Swim Short looks like your average pair of shorts, but they're meant for long days in the water.Sizing options: XS to XLColor options: Seven options including Navy, Black, Dark ForestLooks can be deceiving with the Everlane ReNew Swim Short. At first glance, they appear to be basic shorts, but they're fully designed to be worn in water, too.Made using a blend of 95% recycled nylon and 5% elastane, they're sustainable, lightweight, and stretchy. On the inside, you'll find a mesh lining made from 100% recycled polyester that's comfortable enough to be worn with or without underwear.There are three colors to choose from, but our current favorite is the Dark Forest colorway. The subdued color is a wonderful choice if you're looking for the best swim trunks without bright colors or bold patterns.Sea Culture White Cap BoardshortSeacultureSea Culture's White Cap Boardshorts are sustainable, handsome, and have a vintage feel. Sizing options: S to XXLColor options: Floral MotifSea Culture is a young brand from the Finger Lakes region of New York that offers a small but thoughtful collection of clothing with a nautical flavor and uses sustainable materials methods in their production. They craft some of the best swim trunks for men such as the White Cap Boardshort from ECONYL®Regenerated Nylon, a recycled product that can again be recycled when it's time for a new pair, meaning these don't have to end up in a landfill. The brand combines this material with 22% elastane for a lot of stretch for all-day wear. Like traditional boardshorts, these trunks are unlined and feature mesh front pockets and a zippered pocket in the back. The colorway has a vintage floral feel.Outerknown Nomadic VolleyOuterknownOuterknown's Nomadic Volley swim trunks combine classic looks with sustainable manufacturing for all the good vibes you could ask for. Sizing options: S to XXL Color options: 10 colorways, including VioletPro-surfer Kelly Slater creates great clothing in tandem with designer John Moore through the brand Outerknown, which uses organic, recycled, or regenerated materials for 90% of its production.The Outerknown Nomadic Volley are the best swim trunks for men that are less about water sports and more about pool-side relaxing in style. They have a relaxed fit and a slightly shorter hem that hits just above the knee, but no mesh liner. The company produces them in a fair-trade factory from quick-drying recycled polyester, so there are good vibes all around with these volley shorts.Hurley Volley Board ShortHurleyHurley's Volley Board Short is tough enough for any water sports and handsome enough for poolside meetups.Sizing options: S to XXL Color options: 17 color choicesThe Hurley Volley Board Short is an unlined 17-inch short made from a water-wicking polyester that dries quickly. It has two slash pockets and a back pocket with a hook-and-loop flap closure and drain hole. These are the best swim trunks for men that are tough enough for whatever water sports you're into, but also look great just hanging out by the pool if that's more your speed. Duvin Floral Swim ShortDuvinDuvin combines killer surf style with comfort for swim trunks you'll want to wear all the time. Sizing options: S to 2XLColor options: Floral SplitUnlike most surf brands, Duvin isn't from California. It's from Florida, but that hasn't stopped it from earning accolades and awards for its breezy, easy-to-wear, and always stylish clothing since its founding a decade ago. The Floral Swim Short features a mesh liner that fits like a boxer brief, so there's no bunching or twisting. Add to that a wildly colorful design that includes both stripes and a floral pattern in a polyester-spandex fabric that dries fast and offers a lot of stretch and you have yourself a winner amid the best swim trunks for men.Mack Weldon Board ShortsMack WeldonMack Weldon's Board Shorts offer a sleeker look without sacrificing comfort thanks to the four-way-stretch material.Sizing options: 29/30 to 43/44Color options: 7 colorways availableA slimmer cut and slightly shorter inseam give the Mack Weldon Board Short a streamlined look that's still comfortable, thanks to the four-way stretch fabric. A lack of slash pockets also gives these shorts a sleeker look. They do have pockets, though — one zip pocket on the front left and another on the back right. These boardshorts have a Velcro fly and an interior drawstring.Saturdays NYC Artifacts Timothy Swim ShortSaturdays NYCThese are tailored trunks with a fun pattern featuring ocean-related imagery and thoughtful details.Sizing options: XS to XXLColor options: Afterglow, Xenon BlueSaturdays NYC launched in 2009 and was originally known as Saturdays Surf NYC. At the time, they offered a core collection of swimwear, along with T-shirts. And while it's now grown into a true menswear brand and long ago dropped "surf" from its name, it continues to make exceptional swimwear.The Timothy Swim short has a classic look and a fun pattern featuring shells, starfish, and other ocean-related imagery on a polyester taffeta fabric that's fast drying. The flat felled seams (a way of stitching seams together most often seen in the best jeans for men) make for a longer lasting garment. This swim short has a 6-inch inseam and standard fit, and a comfortable mesh lining. It has two side pockets and a back pocket with a Velcro closure, a coated metal eyelet for drainage, and a small tab and bungee cord for keys. Take your look to the next level with a matching top for a beach or poolside leisure look that can't be beat.O'Neill Stockton Hybrid ShortO'NeillWhether you're swimming, hiking, or just hanging out, the O'Neill Stockton Hybrid Short has you covered.Sizing options: 28 to 44Color options: Six color choicesWe love clothes that can do double (or triple) duty and O'Neill, the OG surf brand, doesn't let us down with their Stockton Hybrid Short. These ultra-lightweight shorts, made from a quick-drying stretch twill material (55% Nylon, 41% Polyester, and 4% Elastane), are the best swim trunks for men whether you're actually swimming, hiking, or just hanging out with friends. The Stockton Hybrid Short is also nicely tailored with a 20-inch outseam that hits just at the knee, and a slightly slim cut. It comes in eight colors, but we're partial to the Khaki for its original styling.2(X)IST Ibiza Swim Short2(X)ISTBeach weather is coming and that means it's time to show a little leg with the 2(X)IST Ibiza Swim Short.Sizing options: S to XL Color options: 13 colorwaysThe 2(X)IST Ibiza Swim Short shows a lot of leg with a 4-inch inseam that sits high on the thigh. But hey, it's for the beach and showing a little leg is totally okay. This style continues to be 2(X)IST's top seller of their best swim trunks for men, which proves they've been ahead of the curve. These are made from a poly micro twill that's quick drying, has a soft handfeel, but is sturdy enough for beach-related fun. They feature an interior webbing with a built in pouch that's very comfortable for all-day wear. The Ibiza Swim Short comes in 11 fun colorways. Birdwell PoolsideBirdwell Beach Britches is an iconic American surf brand known for its durable and stylish swim trunks. The Poolside is one of the brand's classics from the 1970s that they recently introduced. They're handsome, super durable, and have an unbeatable vintage style. Sizing options: 28 to 41Color options: 5 choicesBirdwell Beach Britches began life in the living room of Carrie Birdwell Mann in 1961 and for the most part, the company continues to produce its products by hand in the U.S. The Poolside is one of the brand's classics from the 1970s that Birdwell recently brought back. They feature an elastic waistband and are made from the company's proprietary two-ply nylon fabric called SurfNyl that's incredibly durable. The Poolside swim trunks come in six colorways that all have a single stripe in a contrasting color running down the right side for a vintage look from an American classic.Quiksilver Original Arch 18-Inch BoardshortQuiksilverQuiksilver is an icon of surfing culture and the Original Arch Boardshort is the archetypal boardshort with heavy 80s vibes. Sizing options: 28 to 40Color options: Seven colorwaysQuiksilver, which began as a small Australian brand in 1969, has been an icon of surfing style ever since. Its Original Arch Boardshort is a classic with its very recognizable Arch panel, the checkerboard fabric on the shorts' outseam. Besides providing some visual flair, the material follows the body's contours and provides extra stretch where you need it whether you're looking for the best swim trunks for men to surf in or just walk on the beach. The company's entire line of boardshorts include fabric made from recycled plastic bottles, along with 8% Elastane and 6% organic cotton. Quiksilver offers several outseam sizes and colorways, but the classic 18-inch version in black with black and white checks on the sides is a favorite. It hits just above the knee (based on size 32) for a bit more coverage. These are light, have a good amount of stretch, wick water, and dry fast. There's a back patch pocket with a bungee cord for keys as well. J. Crew Seersucker Swim TrunkJ.CrewJ.Crew's Seersucker Swim Trunks are a classic option that always look great.Sizing options: XS to XXLColor options: Pink/white, turquoise/white, tangerine/whiteSeersucker, that striped light cotton fabric, exudes summer — so it makes total sense that J. Crew used this classic material for a modern slimmer fitting swim trunk that's not too long or too short. The Seersucker Swim Trunk has a six-inch inseam that hits at the mid-thigh and is slim without being clingy. It has a mesh lining and a drawstring waist. The trunks have two slash pockets at the sides and a back pocket with button closure. It comes in the two classic seersucker colorways: turquoise with white and pink and white. These are handsome enough to wear when you're nowhere close to a beach or pool.Vuori Cruise BoardshortVuoriVuori is one of our favorite athleisure brands we've tested, and their hybrid boardshorts lend themselves to the sporty seaside lifestyle.Sizing options: 28-38Color options: 8 colorways  Of the best athleisure brands for men, Vuori is among our top picks for their quality apparel that has a relaxed California aesthetic. Many hybrid swim trunks have muted, minimal designs, but Vuori has more festive prints that still fit in after you've stepped away from the water.The Cruise Boardshort comes in eight universally flattering colorways and can carry you from the beach to the boardwalk without bringing any stale seawater smells with you, thanks to its odor-blocking VCycled material. They're quick drying, offer four-way stretch, and can be tightened around the waist with its classic boardshort draw cord.Bonobos Riviera Recycled Swim TrunksBonobosThe Bonobos Riviera Recycled Swim Trunks come in three different inseams and a mind-boggling 60+ patterns to suit every style.Sizing options: XS to 4XL Inseam options: 5-inches, 7-inches, and 9-inchesColor options: More than a dozen colorways availableBonobos is known for its tailoring and variety of fits, and the brand's best swim trunks for men are no exception. They're made from 85% recycled polyester, so they're eco-friendly. They feature a mesh lining, two slash pockets, and a back patch pocket with a hook-and-loop fastener. Best of all there are three different inseams and more than 60(!) colorways to choose from.Happy Socks Lemonade Swim ShortsHappy SocksHappy Socks will do for your day at the beach what they did for your funky sock collection with the Lemonade Swim Shorts.Sizing options: S to XXL Color options: 25 colorwaysThe Swedish company Happy Socks helped popularize funky and fun socks, and now they're doing the same for swimwear. They make the trunks from a fast-drying recycled polyester. They have a mesh lining and two slash pockets. The hem hits about mid-thigh. The company also offers a longer version that ends at the bottom of the thigh. Either way, the brand's best swim trunks for men will add a dash of mirth to your day at the beach or poolside amusements.Bearbottom Recycled Stretch Swim TrunksBearbottomWhy you'll love it summary: Bearbottom Recycled Stretch swim trunks are handsome, super comfortable, and eco-friendly.Sizing options: S to XXL Color options: 13 colors and patternsThe heart of Bearbottom Clothing is a desire to do good. The company ethically sources its materials and has donated more than 100,000 shorts and 200,000 protective masks to people in Bangladesh and India. The Recycled Stretch swim trunks are made from a 90% recycled polyester with 10% spandex which provides four-way stretch that's comfortable for extended wear. The material has a soft handfeel, is water resistant, and dries quickly. The interior mesh is light and even stretchier than the outer material. I wore these the entire day and forgot there was a lining at all, and so I can't recommend them enough as the best swim trunks for men. They have a 5.5-inch inseam and hit about mid-thigh on my six-foot frame.Aeropostale Ombre Swim TrunksAeropostaleA bold and beautiful gradient colorway, a contemporary 5.5-inch inseam, and recycled materials add up to a great pair of swim trunks. Sizing options: S to XL Color options: Red Dare Aeropostale's Ombre Swim Trunks have an eye-catching gradient pattern, a contemporary 5.5-inch inseam that hits about mid-thigh and incorporates eco-friendly materials. They make the shell from 100% recycled polyester. The trunks feature an elastic drawstring waist, two front, on-seam pockets, and a back patch pocket. The cut and colorway — and recycled materials — make this a standout pair among the best swim trunks for men.Read the original article on Business Insider.....»»

Category: worldSource: NYT11 hr. 52 min. ago Related News

France"s Rafale fighter jet is so popular its manufacturer can"t keep up

The French-made Rafale has become popular with nations that don't want the baggage that comes with buying US or Russian fighters. The French multirole fighter Rafale F3R Marine lands on the tarmac of the Lann-Bihoue French Navy airbase in western France on January 12.Fred Tanneau/Getty ImagesFrance's Dassault Aviation may not be able to meet demand for its Rafale fighter jet.The Rafale has become popular with India and several Middle Eastern nations. It's a national fighter jet limited by French resources, an aviation expert argued.France's Rafale fighter has become so popular that the manufacturer may not be able to meet demand, according to a British think tank. And that could have global implications for nations looking to build up their air forces amid conflicts in Ukraine and the Middle East, but who want to avoid the political strings attached to the purchase of Russian or US combat aircraft.Rafale manufacturer Dassault Aviation "regularly makes a selling point of its ability to begin delivering Rafale combat aircraft to prospective customers just three years from contract signature," according to an analysis by the International Institute for Strategic Studies. "However, the company's recent flurry of Rafale sales could make that 36-month commitment more challenging and may even jeopardize some future deals."The Rafale ("Squall") is flown, or has been ordered by, eight nations: Egypt, Greece, India, Qatar, Croatia, the UAE, and Indonesia, as well as the French Air Force and Navy. The jet first flew in 1986, and is considered a generation 4.5 fighter, with some advanced features such as limited stealth, the ability to supercruise (fly supersonic without using fuel-guzzling afterburners), and the capability to launch long-range missiles such as the Meteor and Mica.France has bought 234 Rafales, and in addition, another 261 have been ordered by various nations, according to Defense News. The question is whether Dassault can meet the demand. IISS calculates Dassault's production backlog at 228 aircraft. The crunch will be particularly acute between 2026 to 2033, when Dassault will need to deliver 174 Rafales to France, 42 to Indonesia, 80 to the UAE and 10 for Egypt."The French aircraft maker aimed to produce 15 Rafales last year but only completed 13," IISS said. "The company has not yet given 2024 production guidance, though output will likely increase this year and next, given the strong demand. Even so, it is unlikely that annual aircraft numbers will quickly reach mid-20s.""If Dassault production averages 20 Rafales per year across both 2024 and 2025, it leaves 188 aircraft to be delivered between 2026 and 2033. This would necessitate a delivery rate of almost 24 aircraft per year."Difficulties manufacturing modern fighters are hardly unique to Dassault. In 1944, at Ford's Willow Run, Michigan factory, a four-engine B-24 Liberator heavy bomber rolled off the production line every 63 minutes. In 2024, Lockheed Martin is struggling to deliver around a hundred F-35s this year, with each stealth fighter requiring around 40,000 labor hours to complete. Not only are today's aircraft more complicated to build, but they also comprise huge numbers of components often spread across global supply chains.But the F-35 does have the advantage of being a global fighter manufactured by several nations, while the Rafale is a national fighter limited by French resources, argued aviation analyst Richard Aboulafia in September.A French Dassault Rafale M fighter jet launches from the French aircraft carrier Charles De Gaulle during interoperability exercises with the aircraft carrier USS Dwight D. Eisenhower, March 3, 2020.US Navy/MCS 2nd Class Kaleb J. SartenWhile Dassault can take some steps such as switching civilian aircraft production to Rafales, bottlenecks are likely to remain. "While Dassault relies heavily on a domestic supply chain for Rafale that insulates it somewhat from global supply-chain snarls, the company and its suppliers are not immune to them," IISS noted. "Engineering-talent shortages could also derail a sharp increase in Rafale manufacturing. Realistically, the Rafale industrial machine would be challenged to more than double its annual output."Nor are sporadic deliveries of a couple of Rafales here and there an option. "Most new customers placing a sizeable contract would want a delivery rate of at least six aircraft per year in order to train coherent groups of air and ground crew and build up full squadrons at a sensible rate — and achieving those numbers may be a hurdle too high," IISS warned.Until recently, sales of the Rafale have been lackluster. But many nations are beefing up their air forces, even as Lockheed Martin has its hands full making enough F-35s, Russia is busy trying to replace aircraft losses from the Ukraine war despite Western sanctions, and many nations are hesitant to buy Chinese jets.All of which is a plus for the Rafale. In a world where fighter sales have been dominated by US and Russian designs since World War II, French jets have offered customers an alternative. In the 1960s and 1970s, Dassault's agile delta-winged Mirages proved highly effective when flown by air forces such as Israel's.Today, the Rafale is an option for nations that don't want the political and economic baggage that comes with buying American and Russian aircraft such as the F-35, F-16, and Su-35. Or, don't want to depend on a single nation to provide jets.This helps explain why the Rafale has become popular with India and several Middle Eastern nations. But the downside for Rafale customers is that they are dependent on a single nation whose defense-industrial base is already struggling to supply Ukraine and replenish France's own military.Michael Peck is a defense writer whose work has appeared in Forbes, Defense News, Foreign Policy magazine, and other publications. He holds an MA in political science from Rutgers Univ. Follow him on Twitter and LinkedIn.Read the original article on Business Insider.....»»

Category: worldSource: NYT11 hr. 52 min. ago Related News

SpaceX launched a satellite that Google will use to map methane leaks for all to see by the end of this year

SpaceX launched a new satellite that Google will use to map methane leaks for all to see MethaneSAT is the first of a new wave of satellites designed to pinpoint sources of methane emissions.MethaneSAT / Environmental Defense FundMonday, SpaceX launched a Falcon 9 rocket carrying the Environmental Defense Fund's MethaneSAT satellite.The satellite will track leaking methane, a potent greenhouse gas, from oil and gas companies. Google will use MethaneSAT data combined with AI to map methane leaks worldwide.SpaceX successfully launched a game-changing satellite on Monday. Called MethaneSAT, the new satellite will track methane leaks from oil and gas companies worldwide.Methane is a critical driver of climate change. When it comes to trapping heat inside Earth's atmosphere, methane is over 28 times more powerful than carbon dioxide.Tracking methane leaks will help identify the most egregious emitters.MethaneSAT construction and installation.BAE SystemsThe Environmental Defense Fund developed MethaneSAT, and Google has partnered with the organization to create its first global methane map by the end of the year for all to see, ushering in a new era of climate accountability."After a flawless launch, MethaneSAT is heading toward space on a SpaceX Falcon 9 rocket," EDF reported on Monday. "The satellite is expected to be released from the rocket at 7:38 p.m. EST."Monitoring methaneMethane is a powerful greenhouse gas linked to roughly a third of human-caused global warming.This map shows MethaneSAT's target areas across the globe.MethaneSAT / Environmental Defense FundThe largest source of methane emissions is agriculture. But the energy sector is a close runner-up, accounting for 40% of human-driven methane emissions.Monitoring this sector should be a priority, especially because cost-effective ways to reduce methane leaks already exist, according to the International Energy Agency.A new age of accountabilityTracking methane leaks in real time was impossible, until now. MethaneSAT's launch marks the beginning of a new age of accountability for the energy sector.It's just one of a new wave of satellites designed to zero in on methane gas sources around the world.With the same AI technology it uses to identify trees, crosswalks, and intersections from satellite imagery, Google will map oil and gas infrastructure.Then, the company will overlay MethaneSAT data onto the map to reveal where leaks are coming from.Yellow dots mark the source of a methane leak, while purple, orange, and yellow shading shows how the emissions diffused over a wider area.Google Earth EngineMethaneSAT should help oil and gas companies meet goals to drastically reduce methane leaks by 2030, according to EDF.At last year's UN climate summit, the world's leading oil and gas producers promised to nearly eliminate their methane emissions this decade."We have consistently seen the power of strong data to win robust regulatory safeguards and better operating practices in the industry," said Mark Brownstein, EDF senior vice president of Energy Transition, in an EDG press release. "Good science lays the groundwork for better decisions."Read the original article on Business Insider.....»»

Category: worldSource: NYT11 hr. 52 min. ago Related News

CVS and Walgreens will begin selling abortion pills ahead of a key SCOTUS ruling on restricting access to the drug

President Joe Biden, who has pinned his hopes of reelection on the abortion debate, hailed the news. A CVS pharmacy and a Walgreens.VIEW press/Justin SullivanCVS and Walgreens will start selling mifepristone in some US states, Reuters reported.The move follows a 2023 FDA decision to allow certified pharmacies to sell the abortion drug.President Joe Biden, who has supported increased access to abortion, hailed the news.CVS and Walgreens are set to begin selling the abortion pill mifepristone in some states this month, Reuters reported.The Food and Drug Administration (FDA) announced last year that it would allow retail pharmacies to begin selling the drug.Walgreens said it would roll out the drug in stores in New York, Pennsylvania, Massachusetts, California, and Illinois, while CVS would first dispense the drug in Massachusetts and Rhode Island, the Reuters report said.Supporters say the medication, which was approved by the FDA in 2000, has a safe and effective record and that it carries no risk of overdose or addiction, the report added.But some groups like the Alliance for Hippocratic Medicine have raised concerns about its safety.In 2022, the Guttmacher Institute, an NGO that aims to improve sexual health, said that medication-induced abortion counted for more than half of all US abortions.The politicization of abortion rights has intensified in recent years, particularly following the Supreme Court's landmark 2022 decision to overturn the Roe vs. Wade ruling. President Joe Biden, who has pinned his hopes of reelection on the abortion debate, hailed the news about CVS and Walgreens and called on other pharmacies interested in selling the pills to seek certification."Today is an important milestone in ensuring access to mifepristone, a drug that has been approved by the Food and Drug Administration as safe and effective for more than 20 years," the president said in a statement on Friday."In the face of relentless attacks on reproductive freedom by Republican elected officials, Vice President Harris and I will continue to fight to defend the Food and Drug Administration's independent and evidence-based approval and regulation of mifepristone," a post on his X, formerly Twitter, account reads.But the Supreme Court is due to hear a case about limiting access to mifepristone later this year, with a decision likely to come in the middle of the election race.As the campaign trail heats up, Trump has also turned his attention to the topic of abortion, and he teased possible support for a 15-week limit on abortion during an interview on Fox News earlier this week, Politico reported.Read the original article on Business Insider.....»»

Category: worldSource: NYT11 hr. 52 min. ago Related News

There"s a good chance Joel will die in season 2 of "The Last of Us" — here"s everything we know

The last of us began production in February, and will see Pedro Pascal and Bella Ramsey return. Here's what to know before its return in 2025. Joel and Ellie finally make it to their destination in the season one finale of "The Last of Us."Liane Hentscher/HBOWarning: This post contains spoilers for the second "The Last of Us" game — and potentially season 2.Production on the next season of "TLOU" began in February.It will cover at least some of 2020's sequel game and will air on HBO in 2025.In 2023, HBO turned the narrative-driven video game "The Last of Us" into one of the year's biggest television hits.Starring Bella Ramsey and Pedro Pascal, the show primarily takes place 20 years after a cordyceps fungus evolves to infect humans, generating hordes of aggressive infected. Joel (Pascal), a smuggler whose daughter died during the initial outbreak, is tasked with escorting Ellie (Ramsey), an orphan who's seemingly immune to the fungus, across the country in hopes of developing a cure.The show has earned both Pascal and Ramsey nominations at the Golden Globes and Emmy Awards and turned them into household names. It also featured an award-winning performance from Nick Offerman, who stars along with Murray Bartlett in the season's acclaimed third episode "Long, Long Time."A second season of the HBO hit is on the way, and it's set to adapt at least part of the game "The Last of Us Part II." Here's everything we know about the new season.'The Last of Us' season 2 will not cover all of the video game sequelMaria (Rutina Wesley), Tommy (Gabriel Luna), Joel (Pedro Pascal), and Ellie (Bella Ramsey) in Jackson in "The Last of Us" season one.Liane Hentscher/HBOWhile "TLOU" season one covered the events of the 2013 game, the second season will not cover all of its 2020 sequel.Series co-creators Craig Mazin and Neil Druckmann, who also created the game series, told GQ in March 2023 the events of the second game will take place over "more than one season."There will likely be a time jump from the end of 'The Last of Us' season 1In an interview with Josh Horowitz on the "Happy Sad Confused" podcast in February 2023, Ramsey said that while they were playing a 14-year-old Ellie in the first season of "The Last of Us," Ellie would be closer to their own age in season two."I'll be 20, probably by the time we shoot that, and I'll be playing 19," Ramsey said. "So yeah, I will be closer to my age."Bella Ramsey as Ellie in "The Last of Us."Liane Hentscher/HBOShowrunner Craig Mazin also spoke about the possibility of a time jump with Collider, and said that there won't be any recasting as a result."Obviously, the time jump is important, to some extent," Mazin said. "It reflects the changing nature of Ellie's relationship with Joel, as she gets older."Expect to see a few new major charactersKaitlyn Dever will play Abby, a controversial character in "The Last of Us" video game franchise.Gilbert Flores/WWD via Getty Images)In January, HBO announced three major season two castings.Kaitlyn Dever will play Abby, who is the second protagonist of "The Last of Us Part II" and a playable character in the game. She's a member of the Fireflies, and is driven by her desire for revenge.Isabela Merced has been cast as Dina, Ellie's love interest and eventual traveling companion who she gets to know in the Jackson settlement.And Young Mazino, a breakout star of the Netflix limited series "Beef," will play Jesse, Dina's ex and a community leader in Jackson.Young Mazino will play Jesse in season two of "The Last of Us."Elyse Jankowski/Variety via Getty Images; PlayStation/YouTubeIn March, Max announced four new additions to the cast. Danny Ramirez will play Manny, Ariela Barer will play Mel, Tati Gabrielle will play Nora, and Spencer Lord will play Owen. The four characters are friends of Abby's from the Seattle settlement.Catherine O'Hara of "Schitt's Creek" is also set to appear in the new season in an undisclosed role.Another major character in the sequel game is Lev, a transgender teen who escapes a cult.In February 2023, Ian Alexander, who voiced and performed the character through motion capture, told Business Insider they would love to reprise their role on the live-action series.Ian Alexander played Lev (right) in "The Last of Us Part II."Frazer Harrison/Getty Images, Naughty DogAt the time, Alexander hadn't had any conversations about the role.HBO hasn't announced casting for the character and it's not yet known if Lev will appear in season two. After the game's initial release in 2020, the game's developer Naughty Dog received some backlash for its handling of Lev's story.Fans are concerned Joel could die in season 2Joel (Pedro Pascal) cradles Ellie (Bella Ramsey) in the season one finale of "The Last of Us."Liane Hentscher/HBO"The Last of Us Part II" video game is controversial among fans because Joel is unexpectedly and brutally murdered by Abby toward the start of the sequel when his past catches up with him.In addition to playing as Ellie, gamers are forced to play as Joel's killer leading up to and after his death in the sequel. As a result, some harassed and threatened the developers, Druckmann, and voice actors for its story.Will Joel die in 'The Last of Us' season two? It's likelyJoel's fate is the question on every fan's mind, since it's the major jumping-off point of the sequel game. Even Pascal has admitted his character's death is a possibility in season two.Pedro Pascal as Joel on season one of "The Last of Us."Liane Hentscher/HBO"It wouldn't make sense to follow the first game so faithfully only to stray severely from the path," Pascal told Esquire in April 2023."If that does take place in the show, I don't know that I'm emotionally ready for it," he added.However, Mazin told Entertainment Weekly fans can expect some changes from the sequel game in season two saying, "It's going to be different and it will be its own thing. It won't be exactly like the game."Maybe that means there's a chance Joel could live, or at least make it to the end of season two, due to Pascal's immense popularity.Since the second game became controversial, it's likely the show may flesh out Abby's character more before killing Joel off, if the show decides to go that route. But it would be difficult to envision season two straying from Joel's death since it's the key motivation for Ellie's path in the sequel game.There will be more infectedOne of the infected.Liane Hentscher/HBOIn the game, players are constantly outmaneuvering and killing a robust number of the people who have been infected and taken over by the cordyceps virus. Though the infected showed up in a few key scenes, they weren't a main fixture of season one which placed a large emphasis on character relationships and world-building."It's quite possible that there will be a lot more infected later. And perhaps different kinds," Mazin said during a press conference for the finale in 2023.On HBO's "The Last of Us" podcast, Mazin added that season two will likely further explore the idea of the Cordyceps hive mind and how they can be a major threat together."I think this next season, the interconnectivity of them, and the risk of stepping on the wrong thing, that stuff is going to be brought forward more for sure," Mazin said.'The Last of Us' season 2 release date will probably be sometime in 2025In May 2023, HBO's head of drama Francesca Orsi told Deadline she expected season two to air "some time in 2025." A sizzle reel released in November confirmed the show's 2025 release.Production began in February in Vancouver.Read the original article on Business Insider.....»»

Category: worldSource: NYT12 hr. 20 min. ago Related News

Think your interest costs are high? Every 9 days, Donald Trump owes another $1M in interest on his NY fraud trial judgment.

Think your interest costs are high? Every 9 days, Donald Trump owes another $1M in interest on his NY fraud trial judgment......»»

Category: worldSource: NYT12 hr. 20 min. ago Related News

"We Remain Frustrated": Investors Raise Buyout Bid For Macy"s After Board"s "Delay Tactics"

"We Remain Frustrated": Investors Raise Buyout Bid For Macy's After Board's "Delay Tactics" On Sunday, Arkhouse Management Co. and Brigade Capital Management raised their all-cash bid to purchase Macy's at $24 per share, a 33% premium versus Friday's closing price of $18.01. This comes a little more than a month after the retailer rejected a go-private bid from the group of investors.  Arkhouse and Brigade disclosed Fortress Investment Group LLC and One Investment Management US as equity partners in the deal to acquire Macy's.  Arkhouse highlighted how they had revised the deal higher to entice Macy's executives:  A 51.3% premium to Macy's unaffected share price on Nov. 30, 2023, the day prior to Arkhouse and Brigade submitting their original proposal on Dec. 1, 2023; A 33.3% premium to where the Company's shares closed on March 1, 2024; and An increase of 14.3% from Arkhouse and Brigade's previous offer of $21.00 per share that was submitted to the Company on Dec. 1, 2023. Gavriel Kahane and Jonathon Blackwell of Arkhouse expressed their frustrations with Macy's Board: "We remain frustrated by the delay tactics adopted by Macy's Board of Directors (the "Board") and its continued refusal to engage with our credible buyer group. Nonetheless, we are steadfast in our commitment to execute this transaction. In recent months, Macy's has introduced two restructurings and a dividend hike. The stock price selloff following these announcements is a strong indication of shareholder concern about maintaining the status quo. We continue to offer the Company an attractive alternative solution through a sale of the Company at a substantial premium. This would provide Macy's stockholders with significant value and immediate liquidity. While the restructuring plan Macy's unveiled last week failed to inspire investors, the fourth quarter earnings and year-end results have given us further confidence in the long-term prospects of the Company if redirected as a private company. After coordinating with our financing sources, we have increased our offer to $24.00 per share in cash. We remain open to increasing the purchase price further subject to the customary due diligence. The notion that the plan we are proposing is not actionable is simply not true. We have tried repeatedly to address the concerns raised by the Company. We clarified the 50% equity contribution we laid out three months ago and disclosed our partnership with two highly regarded investors – Fortress and OneIM. With the help of our advisors, we have identified large global institutional financing sources for each debt component of the transaction with strong interest in finalizing commitments during a customary diligence process. These sources represent 100% of the capital required to buy the shares in Macy's we do not already own at our proposed price of $24.00 per share in cash. We have struggled to understand what reservations the Board might have at this point and urge the Company to engage with us in good faith with the goal of reaching a transaction that would unlock significant value for all stockholders. We sincerely hope the members of the Board are not so entrenched in their views about the future direction of the Company that they would ignore their fiduciary duties to explore a potential transaction with a credible buyer. We remain ready to proceed expeditiously with our due diligence toward a mutually agreeable transaction to acquire Macy's at a substantial premium in cash." Shares of Macy's jumped more than 17% in premarket trading in New York on the revised deal. Two weeks ago, Arkhouse nominated nine people for Macy's board of directors, igniting a proxy battle after the department store rejected a go-private bid in mid-January. Last week, Macy's announced "a bold new chapter" in the department store's future, pivoting from catering to low-tier consumers to more affluent ones. In doing so, it will close 150 stores over the next few years while expanding Bloomingdale's and Bluemercury stores. Tyler Durden Mon, 03/04/2024 - 14:00.....»»

Category: smallbizSource: NYT13 hr. 8 min. ago Related News

House Dems Implode Over Supreme Court Decision; Raskin Crafting Legislation To Bar Trump From Ballot

House Dems Implode Over Supreme Court Decision; Raskin Crafting Legislation To Bar Trump From Ballot.....»»

Category: smallbizSource: NYT13 hr. 8 min. ago Related News

Good Story Versus Bad Valuations

Good Story Versus Bad Valuations Authored by Will Denyer via Evergreen Gavekal blog, In the run-up to Nvidia’s earnings release late Wednesday, there was a palpable concern in the market that the AI boom’s flagship would disappoint lofty expectations; what is now Wall Street’s most heavily traded stock traded -2% down during the afternoon session. And then Nvidia did it again, exceeding expectations in terms of revenue, earnings and forward guidance. The stock promptly jumped 9% in after-hours trading, which helped to lift Nasdaq futures by 1.5%. And the bullish sentiment spread to Asia Thursday morning, where after a 34-year wait Japan’s Nikkei 225 finally edged above its December 1989 record high. With the terminals a sea of green, the obvious question for investors is the one Louis raised a couple of weeks ago—will markets in general, and US growth stocks in particular, continue to Party Like It’s 1999? Or are we heading for a 2000-style crunch? Put differently, will a good story be overcome by bad valuations? In the late 1990s, the story was that the internet was going to generate exceptional earnings growth for companies in tech, media, and telecoms. The TMT bubble inflated until by early 2000 the prospective earnings yield on US growth stocks was pitiful, both in absolute terms and when compared to the real yields in US fixed income (whether bonds or bills). Eventually, the valuation gap became too great and the market started to have doubts about when clicks would be converted into revenues, and the bubble burst. Investors fled growth stocks for fixed income, with growth stocks losing a quarter of their value in 2000, while bonds rallied. By the end of the year, risk-adjusted real yields on the two asset classes had largely converged (see the chart below). Meanwhile, value stocks, which never got anything like as overvalued, were flat for the year. It was not until the US recession began in March 2001 that value stocks joined the sell-off. Fast forward to today and the relative valuation story is similar. Equities are generally expensive relative to fixed income. But the biggest gap is between growth stocks and short-term US treasuries. Given this valuation spread, a continuation of the current rally in US growth stocks likely depends on one or both of the following: (i) earnings continue to exceed expectations; (ii) the Federal Reserve cuts rates and real bond yields fall—with no recession. Either is possible. On the earnings side, the strong recent economic data helps. January saw impressive payrolls growth and a pick-up in PMIs (February PMIs are out on Friday and will be worth monitoring). It is also encouraging that the leaders of this boom—Nvidia, Microsoft, Amazon, Meta etc.— have seen strong revenue and earnings growth, not just click growth. The balance sheets of these companies are also generally stronger than the balance sheets of the TMT bubble leaders, with less leverage and more cash. And as Louis has pointed out, unlike 1999-2000 there is little IPO activity today to leach away the liquidity supporting the stocks of the market leaders. One big question is whether final demand for generative AI grows by as much as expected. Currently, Nvidia cannot make chips fast enough to meet the demand of its customers, and specifically of its four biggest customers— Amazon, Microsoft, Google and Meta—which account for 40% of its revenues. So long as final demand for generative AI continues to grow rapidly, these customers will likely continue to demand more chips from Nvidia and others, even as they are all developing their own AI chips. But if final demand for generative AI disappoints, today’s AI investment boom could result in overcapacity. On the inflation front, the risk is that January’s uptick in US CPI and PPI inflation, along with the year-to-date rebound in oil prices, is not just noise but the start of a reversal from last year’s disinflationary trend. This is the subject of intense debate within Gavekal. From my perspective, I still believe the balance of evidence suggests inflation will remain benign. But any more upside surprises in the inflation data will make the Fed more cautious about the timing and pace of rate cuts, because inflation remains the principal consideration determining Fed policy. If the Fed keeps short rates elevated while continuing quantitative tightening, the relatively high real yields on bonds and especially on bills could begin to weigh on US growth stocks. If inflation surprises on the upside, and the Fed confounds expectations for rate cuts, “T-bill and chill” will likely prove the investment strategy of choice. The macro outlook for growth and inflation is always uncertain, and today is no exception. A continuation of the recent “soft landing” or “disinflationary boom” scenario is quite possible. The potential of generative AI appears great. But given the extreme valuation gap between T-bills and growth stocks today, as in 2000 it is probably wise to take some profits on US growth stocks, and to buy more attractively-valued US value stocks, cheaper markets such as Brazil or China, or simply to load up on US T-bills. Tyler Durden Mon, 03/04/2024 - 14:20.....»»

Category: smallbizSource: NYT13 hr. 8 min. ago Related News

FAA Finds Non-Compliance Issues In Boeing"s 737 Max Manufacturing Program

FAA Finds Non-Compliance Issues In Boeing's 737 Max Manufacturing Program The Federal Aviation Administration's six-week audit of the clowns running Boeing and Spirit AeroSystems has revealed "multiple instances where the companies allegedly failed to comply with manufacturing quality control requirements." The non-compliance issues were found in the Boeing 737 Max program's manufacturing process control, parts handling and storage, and product control, the FAA said, adding these details have been released to the public as an investigation is ongoing following the near-catastrophic accident when a door plug ripped off an Alaska Airlines 737 Max 9 plane earlier this year.  The audit is one of the immediate oversight actions the FAA took after a left mid-cabin door plug blew out of Alaska Airlines Flight 1282 on January 5 while in flight. At a meeting at FAA Headquarters in Washington, DC, last week, Administrator Mike Whitaker informed Boeing's CEO and other senior leaders that the company must address the audit's findings as part of its comprehensive corrective action plan to fix systemic quality-control issues. The plan must also address the findings from the expert review panel report that examined Boeing's safety culture. The FAA has given Boeing 90 days to outline its action plan. -FAA While Boeing is held accountable for quality control issues that led to the 737 Max 9 plug door mishap, the FAA has halted production expansion of the Max jet. There is word that Boeing might hire a third party to conduct independent reviews of quality systems at its Renton, Washington plant and Spirit AeroSystems facilities in Wichita, Kansas.  Meanwhile, European aerospace giant Airbus SE has been pulling ahead of Boeing regarding aircraft deliveries, soaking up an increasingly more significant market share of narrow-body planes.  Wall Street thinks so...  With Boeing remaining under FAA scrutiny, it was also announced Monday that three passengers on the Alaska Airlines flight in January have filed a billionaire dollar lawsuit against the planemaker.  Tyler Durden Mon, 03/04/2024 - 15:00.....»»

Category: smallbizSource: NYT13 hr. 8 min. ago Related News

Powell To Face Pressure On Rates From Democrats, Bank Rules From Republicans

Powell To Face Pressure On Rates From Democrats, Bank Rules From Republicans Authored by Mike Shedlock via MishTalk.com, Fed Chair Jerome Powell meets with Congress this week. He will face pressure on two different fronts. Image courtesy of Mortgage News Daily, annotations by Mish Pressure on Two Fronts Bloomberg reports Powell to Face Pressure on Rates From Democrats, Bank Rules From Republicans The Fed chair heads to Capitol Hill on Wednesday and Thursday for his semiannual testimony before Congress, two years after the central bank began its aggressive battle against surging inflation. With the economy powering along and inflation inching toward the Fed’s sweet spot, Powell will make the case for why officials are in no rush to lower rates. In a Jan. 30 letter, Senator Sherrod Brown urged Powell to cut rates “early this year,” arguing that high rates are hurting small businesses and putting homeownership out of reach for many Americans. That missive from the Senate Banking Committee chair, an Ohio Democrat who is running for reelection this year, could give cover to other committee Democrats who want to press Powell on rates. Housing Maryland Democrat Chris Van Hollen, in an interview last week, said the Fed needs to focus on housing costs “and taking actions necessary to make things more affordable for more Americans.” “Right now those high interest rates are actually increasing costs for families because one of the big parts of costs for families is housing,” Senator Elizabeth Warren, a persistent Powell critic, said in a Bloomberg Television interview. “It’s time to get those interest rates down.” Capital Rules Republicans will use Powell’s appearance to grill him on the Fed’s proposal to ramp up capital requirements for big banks by almost 20%. Election Year Powell has repeatedly said the looming election plays no role in policy decisions, but some Fed watchers worry rate cuts this year — investors are betting the first reduction will come in June — could be perceived as the Fed giving a boost to Democrats. Elizabeth Warren Hoot of the Day Home prices are at record highs. Just what does she think will happen to home prices and inflation if Powell cuts rates too early? Small businesses are struggling but why is that? The answer is Biden’s free money to students, Biden’s regulatory madness, Biden’s union push, and massive minimum wage hikes, especially in places like California are all highly inflationary. The Fed’s Big Problem On average, the economy looks OK. But averages are misleading. Several large groups of people are struggling. They all have one thing in common. Case-Shiller home price index, CPI rent index, and the index of hourly earnings for production and nonsupervisory workers. The Fed’s Big Problem is There Are Two Economies But Only One Interest Rate Who’s Unhappy? Those looking to buy a home but cannot afford the record high prices, are not faring well in this economy. The last great time to buy a home was in 2012. Over the next eight years, home prices moved further and further away from wages. When the Covid pandemic hit in 2020, we had record QE, record fiscal stimulus, mortgage rates hit record lows, and inflation hit the highest levels in 40 years. When the Fed slashed interest rates to zero, mortgage rates fell below 3.0% for an extended period allowing everyone to refinance at 3.0 percent or below. Most did. Winners and Losers The homeowners are generally doing OK. The home ownership rate is 65.7 percent. The 34.3 percent who rent are generally not doing OK. The study did not break things down by home owners vs renters, but I suspect most of the use is by renters. According to the latest CPI report, rent was up at least 0.4 percent for the 29th straight month. Shelter, a broader category, rose 0.6 percent. Food rose 0.4 percent. CPI data from the BLS, chart by Mish Credit Card and Auto Delinquencies Soar Credit card debt surged to a record high in the fourth quarter. Even more troubling is a steep climb in 90 day or longer delinquencies. Record High Credit Card Debt Credit card debt rose to a new record high of $1.13 trillion, up $50 billion in the quarter. Even more troubling is the surge in serious delinquencies, defined as 90 days or more past due. For nearly all age groups, serious delinquencies are the highest since 2011 at best. Auto Loan Delinquencies Serious delinquencies on auto loans have jumped from under 3 percent in mid-2021 to to 5 percent at the end of 2023 for age group 18-29. Age group 30-39 is also troubling. Serious delinquencies for age groups 18-29 and 30-39 are at the highest levels since 2010. For further discussion please see Credit Card and Auto Delinquencies Soar, Especially Age Group 18 to 39 Generational Homeownership Rates Home ownership rates courtesy of Apartment List The above chart is from the Apartment List’s 2023 Millennial Homeownership Report Those struggling with rent are more likely to Millennials and Zoomers than Generation X, Baby Boomers, or members of the Silent Generation. The same age groups struggling with credit card and auto delinquencies. On Average Everything is Great Average it up as Fed and all the clueless economic and political writers do, and things look great. This is why we have seen countless stories attempting to explain why people should be happy. Hello Mr. Powell There are two economies (the homeowners/asset holders and everyone else). However, there is only one interest rate. Patience please says Powell. Lowering rates risks risks fueling the housing bubble and the most expensive stock market in history. It’s Powell’s move. No matter what he does Elizabeth Warren will howl. She wants lower interest rates, but that will stoke inflation and it will not do a damn thing for renters who don’t have a down payment and cannot a house no matter what the mortgage rate is. This is a dilemma of the Fed’s making and there is no solution. Tyler Durden Mon, 03/04/2024 - 15:40.....»»

Category: smallbizSource: NYT13 hr. 8 min. ago Related News

Gold & Bitcoin Close At Record Highs As Bonds & Stocks Dip

Gold & Bitcoin Close At Record Highs As Bonds & Stocks Dip A quiet macro day let the grown-ups play... and today saw gold and bitcoin roar up to record closing highs (amid rising breakevens and falling rate-cut expectations) as all eyes and ears and algos remain glued to any further hints of QE (Reverse Twist) as Waller revealed last week, and Fed's Bostic didn't help today. In a commentary published on the Atlanta Fed website Monday, Bostic said he was worried that businesses have too much exuberance and could unleash a burst of new demand after a rate cut that adds to price pressures. “This threat of what I’ll call pent-up exuberance is a new upside risk that I think bears scrutiny in coming months,” he said. “ As my staff and I have talked to business decision-makers in recent weeks, the theme we’ve heard rings of expectant optimism.” That could be another reason not to cut rates at a rushed pace, he told reporters in a press briefing. “I would probably not anticipate they would be back to back” cuts, Bostic said. “Given the uncertainty, I think there is some appeal to acting and then seeing how participants in the markets, businesses leaders and families respond to that.” 2024 rate-cut expectations drifted (hawkishly lower) to barely three cuts priced in for 2024 now... Source: Bloomberg But breakevens are soaring in the face of disinflationary delusion... Source: Bloomberg And it appears gold got the hint... Source: Bloomberg ...soaring to a new record closing high (just shy of its intraday record high)... Source: Bloomberg And the other alternative currency also soared, Bitcoin topping $67,000... Source: Bloomberg ...up to its record closing high (yes, we know bitcoin doesn't 'close')... Source: Bloomberg ...amid another high volume day in BTC ETFs... Source: Bloomberg Ethereum also caught a bid, topping $3600 for the first time since Source: Bloomberg Still has some room to go its record highs... Source: Bloomberg Elsewhere, stocks ambled along with Small Caps pumped (at the European open) and dumped back to unchanged-ish. A late-day sell program dragged the Nasdaq to the lows of the day and the ugliest horse in today's glue factory... VIX continued to decouple from stocks here (and this time it was not call-buying FOMO malarkey as skews ticked higher)... Source: Bloomberg As NYCB collapsed to 28 year lows... Source: Bloomberg Bonds were sold with the short-end underperforming.... Source: Bloomberg Which prompted bear-flattening in the yield curve... Source: Bloomberg The dollar limped lower but remains broadly speaking in its recent range... Source: Bloomberg Oil prices declined, apparently not enthralled by the idea of The Fed printing money to buy short-dated bills anymore, round-tripping Friday's gains... Source: Bloomberg Finally, NVDA just refuses to drop, up another 6% today... ...overtaking Aramco as the 3rd most valuable company in the world... Source: Bloomberg It's different though this time... Source: Bloomberg ...probably nothing. Tyler Durden Mon, 03/04/2024 - 16:00.....»»

Category: smallbizSource: NYT13 hr. 8 min. ago Related News