Today: May 16, 2024
Today: May 16, 2024
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The Dow just crossed 40,000 for the first time. The number is big but means little for your 401(k)

The Dow Jones Industrial Average just topped 40,000 for the first time, the latest pop in what's been a surprisingly good year for Wall Street. But just like New Year's represents an arbitrary point in time in the Earth's revolution around the sun, such milestones for the Dow don't mean that much inherently. For one, with just 30 companies, the Dow represents a tiny slice of Corporate America. For another, almost no one's 401(k) account sees its performance depend on the Dow, which has become more of a relic used for historical comparisons. Here's
The Dow just crossed 40,000 for the first time. The number is big but means little for your 401(k)

House to vote on requiring delivery of bombs to Israel in GOP-led rebuke of Biden policies

The House was set Thursday to deliver a rebuke to President Joe Biden for pausing a shipment of bombs to Israel, voting on legislation that would seek to force the weapons transfer as Republicans worked to highlight Democratic divisions over the Israel-Hamas war. Seeking to discourage Israel from its offensive on the crowded southern Gaza city of Rafah, the Biden administration this month put on hold a weapons shipment of 3,500 bombs — some as large as 2,000 pounds — that are capable of killing hundreds in populated areas. Republicans were outraged, accusing Biden of abandon
House to vote on requiring delivery of bombs to Israel in GOP-led rebuke of Biden policies

Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack

The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau. The justices ruled 7-2 that the way the CFPB is funded does not violate the Constitution, reversing a lower court and drawing praises from consumers. Justice Clarence Thomas wrote the majority opinion, splitting with his frequent allies, Justices Samuel Alito and Neil Gorsuch, who dissented. The CFPB was created after the 2008 financial crisis to regulate mortgages, car loans and other consumer finance. The case was brought by payday
Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack

Entertainment

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Portraits of British royals from last 100 years on show in new London exhibit

From Andy Warhol's colourful depiction of Queen Elizabeth II to Cecil Beaton's pictures of her sister Princess Margaret, a new exhibition looks at portrait photography of Britain's royal family over the last 100 years."Royal Portraits: A Century of Photography", which opens at The King’s Gallery in Buckingham Palace on Friday, features more than 150 photographic prints, proofs and documents from the Royal Collection and the Royal Archives, some of them never released or seen before in public.“This exhibition charts the evolution of royal portraits photography over the past century, so
Portraits of British royals from last 100 years on show in new London exhibit

EA Sports College Football 25 comes out on July 19. Edwards, Ewers, Hunter are on standard cover

EA Sports revealed a release date of the College Football 25 video game on Thursday and a cover image that features Michigan running back Donovan Edwards, Texas quarterback Quinn Ewers and Colorado two-way player Travis Hunter. The game will launch July 19 for PlayStation 5 and Xbox Series X'S. The video-game developer unveiled the standard cover of the game after a photo of its deluxe edition was leaked last week. All three cover athletes are active players for the first time in the game franchise's history. They said name, image and li

Chasing Amy: How Marisa Abela became Amy Winehouse for 'Back to Black'

There’s no point asking Marisa Abela to sing Amy Winehouse songs at karaoke. Her friends have already tried and failed. But you can see her sing — and become — Winehouse in the new film “Back to Black,” which opens in the U.S. on Friday. Abela, best known for the sex, drugs and banking TV series “Industry,” did not want her performance to feel like a mere impersonation of the iconic British singer. She spent four months learning to sing in Winehouse's specific vocal style (two hours a day, five days a week), play guitar (one hour a day, three times a
Chasing Amy: How Marisa Abela became Amy Winehouse for 'Back to Black'

Rock band Cage the Elephant emerge from loss and hospitalization with new album 'Neon Pill'

To say Cage the Elephant's latest album had a turbulent birth would be an understatement. The band dealt with the deaths of loved ones, the pandemic and their lead singer's arrest and hospitalization. “It’s no secret that I had a medical crisis,” Matt Shultz tells The Associated Press from Nashville on the eve of the Friday release of the 12-track “Neon Pill.” “I’m fully recovered. It definitely left a scar, but it’s one that can be walked away from.” In January 2023, the Kentucky raised singer-songwriter was charged with criminal possession of fi

Environment

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Fewer people in the US plan to buy EVs this year, study shows

The number of buyers in the U.S. considering an electric vehicle purchase in 2024 has fallen from a year ago due to a shortage of affordable cars, inadequate charging infrastructure and ignorance about EV benefits, a study by J.D. Power has shown.Other factors contributing to waning EV demand in the United States include stubborn inflation, high interest rates and underwhelming growth in model availability, the study said.WHY IT'S IMPORTANTU.S. automakers invested billions in developing EV models and ramping up production. But they have had to slow down some of those plans as demand for EV
Fewer people in the US plan to buy EVs this year, study shows

Humans have been altering nature for thousands of years – to shape a sustainable future, it’s important to understand that deep history

In July 2024, all eyes will turn to Paris for the Summer Olympic Games. Spectators from around the globe will converge on the City of Light to watch athletes compete and to soak in the culture, romance and history of one of the world’s most recognizable cities. But an iconic Paris landmark, the Notre Dame cathedral, will still be under renovation after a devastating fire that ignited in the cathedral and burned for 12 hours on April 14, 2019. When the last embers were extinguished, most of Notre Dame’s wood and metal roof was destroyed, and its majestic spire had vanished, consumed by fl

US must act to slash landfill methane emissions, report says

Methane emissions at nearly two dozen U.S. landfills regularly exceeded federal limits and in some cases were higher than facility owners reported to the government, according to an analysis of inspection reports published on Thursday.The study by environmental nonprofit Industrious Labs concluded that U.S. Environmental Protection Agency (EPA) regulations are insufficient to prevent landfills, or garbage dumps, from emitting large amounts of the climate-warming gas methane.The group urged EPA to require monitoring with more advanced technologies, extend regulation to smaller landfills and
US must act to slash landfill methane emissions, report says

Chinese overcapacity claims by US, Europe are 'trade protectionism', ministry says

China said on Thursday that U.S. and European assertions of excess capacity were "naked trade protectionism" and that efforts to constrain new energy exports from the World's No.2 economy would frustrate global efforts to tackle climate change.Growing alarm over Chinese industrial overcapacity flooding the European Union with cheap products is opening a new front in the West's trade war with Beijing, which kicked off with Washington's import tariffs in 2018."A country cannot be labelled as having excess capacity just because it has more capacity than it needs," He Yadong, a Commerce Minist

Featured

Matt Gaetz evokes 'standing by' language adopted by Proud Boys as he attends court with Donald Trump

Matt Gaetz evokes 'standing by' language adopted by Proud Boys as he attends court with Donald Trump

FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture

Federal Deposit Insurance Corp. Chairman Martin Gruenberg is sitting for a second day of grilling on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week

Lawyer for family of slain US Air Force airman says video and calls show deputy went to wrong home

Lawyer for family of slain US Air Force airman says video and calls show deputy went to wrong home

Long-term mortgage rates retreat for second straight week, US average at 7.02%

The average rate on a 30-year mortgage in the U.S. fell for the second straight week, giving some relief to home shoppers already facing sky-high prices and a shortage of supply

Education

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Police dismantle pro-Palestinian encampment at DePaul University in Chicago

Police dismantle pro-Palestinian encampment at DePaul University in Chicago

College students in Austin, Texas, have dwelled in windowless rooms for years − here’s why the city finally decided to ban them

College students in Austin, Texas, have dwelled in windowless rooms for years − here’s why the city finally decided to ban them

The larger the nonprofit, the more likely it is run by a white man, says new Candid diversity report

The larger the nonprofit, the more likely it is run by a white man, says new Candid diversity report

Biden commemorates Brown v. Board of Education anniversary with White House meeting

Biden commemorates Brown v. Board of Education anniversary with White House meeting

Arts

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At Cannes, French #MeToo director hopes film will open dialogue

At Cannes, French #MeToo director hopes film will open dialogue

All eyes are on Coppola in Cannes. Sound familiar?

All eyes are on Coppola in Cannes. Sound familiar?

Anitta defends her Afro-Brazilian faith after new music video costs her some followers

Anitta defends her Afro-Brazilian faith after new music video costs her some followers

The first Mexican taco stand to get a Michelin star is a tiny business where the heat makes the meat

The first Mexican taco stand to get a Michelin star is a tiny business where the heat makes the meat

World

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Chad's constitutional council rejects challenges to presidential vote provisional result

Chad's constitutional council rejects challenges to presidential vote provisional result

Scrambles of NATO jets against Russian aircraft up more than 20%, source says

Scrambles of NATO jets against Russian aircraft up more than 20%, source says

Turkey sentences pro-Kurdish politicians to lengthy prison terms over deadly 2014 riots

Turkey sentences pro-Kurdish politicians to lengthy prison terms over deadly 2014 riots

US to favor existing investors for Venezuela oil licenses, say sources

US to favor existing investors for Venezuela oil licenses, say sources

Technology

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Cisco rises as networking equipment demand rebound takes root

Cisco rises as networking equipment demand rebound takes root

Digitalisation of banking creates new risks, says global watchdog

Digitalisation of banking creates new risks, says global watchdog

Basel battle: Goldman's unlikely foot soldiers in the fight against bank capital hikes

Basel battle: Goldman's unlikely foot soldiers in the fight against bank capital hikes

Meta faces EU investigation over child safety risks

Meta faces EU investigation over child safety risks

Science

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When the first warm-blooded dinosaurs roamed Earth

When the first warm-blooded dinosaurs roamed Earth

Community colleges offer clean energy training as climate-related jobs expand across America

Community colleges offer clean energy training as climate-related jobs expand across America

Airbus unveils half-plane, half-copter in quest for speed

Airbus unveils half-plane, half-copter in quest for speed

UN agency authorizes second vaccine against dengue amid outbreaks in the Americas

UN agency authorizes second vaccine against dengue amid outbreaks in the Americas

Lifestyle

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In France, anti-LGBT+ offences rose 13% in 2023

In France, anti-LGBT+ offences rose 13% in 2023

Hugo Boss and David Beckham partner up for design collection

Hugo Boss and David Beckham partner up for design collection

As countries tighten anti-gay laws, more and more LGBTQ+ migrants seek safety and asylum in Europe

As countries tighten anti-gay laws, more and more LGBTQ+ migrants seek safety and asylum in Europe

This, too, could pass: Christian group's rule keeping beaches closed on Sunday mornings may end

This, too, could pass: Christian group's rule keeping beaches closed on Sunday mornings may end