Month: June 2022
The world’s most valuable sneakers originally retailed for $60—now they’re selling for $90,000 online
The most devoted “sneakerheads” will wait in long lines and shell out huge sums to land their most coveted footwear. So it’s no surprise that a ranking of the most valuable sneaker investments from discount code website DealA found some pairs of iconic Nike kicks on reselling site StockX fetching as much as a nearly […]
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It’s getting harder to gauge your Covid risk levels—tracking these 4 metrics can help
For more than two years, the daily count of new Covid-19 infections has been how most people understood the trajectory of the pandemic. Now, experts say, daily case counts don’t mean what they used to — making them a much more flawed metric. People should still take precautionary measures against Covid, but for an otherwise […]
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After another big weekly loss, assessing whether stocks are cheap and a buying opportunity is near
Stocks are emphatically on sale, but are they cheap? Markdowns are not always the same as bargains. Much depends on the original price and quality of the goods. And even with last week’s price drops on Wall Street, it’s tough to say yet that the market is broadly cheap. But value seems to be emerging […]
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A.I. software called DALL-E turns your words into pictures
The DALL-E Mini software from a group of open-source developers isn’t perfect, but sometimes it does effectively come up with pictures that match people’s text descriptions. Screenshot In scrolling through your social media feeds of late, there’s a good chance you’ve noticed illustrations accompanied by captions. They’re popular now. The pictures you’re seeing are likely […]
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Too big to sanction? A large Russian bank still operates freely because it helps Europe get Russian gas
Ukraine is urging the United States and the European Union to slap tougher sanctions on one of Russia’s largest banks, Gazprombank, which is still able to operate freely around the world because of its central role in Moscow’s gas trade. Ukraine’s government says the bank, which was set up to service Russia’s state-owned gas company Gazprom, is […]
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Bitcoin sinks below $20,000 as crypto meltdown intensifies
Crypto investors are grappling with aggressive interest rate hikes from the U.S. Federal Reserve and a worsening liquidity crunch. Bloomberg | Bloomberg | Getty Images Bitcoin dropped below the $20,000 mark on Saturday, extending a brutal slide in cryptocurrencies. The price of bitcoin fell 9% in 24 hours to $19,217.81, according to Coin Metrics data. […]
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Attack on Sikh temple in Afghan capital Kabul wounds 2 — officials
Sikhs are a tiny religious minority in largely Muslim Afghanistan, comprising around 300 family members before the fall of the country to the Taliban. Xinhua News Agency | Xinhua News Agency | Getty Images At least two people were wounded in an attack on a Sikh temple in the Afghan capital Kabul on Saturday morning, […]
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Cramer’s lightning round: Rapid7 is not a buy
Abbvie Inc: “I think the answer is that Abbvie, which we own big for our Charitable Trust, goes higher.” NVIDIA Corp: “You have to buy it gingerly. Why? Because the sellers just come out of the woodwork every time the stock goes up. But I’m with [CEO] Jensen Huang. … I’m going to say, buy.” […]
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Cramer’s week ahead: ‘Sell stocks into any rally’ as the Fed curbs any market bounce
CNBC’s Jim Cramer on Friday warned investors that any upcoming market rallies will be temporary as the Federal Reserve turns up the heat in its fight against inflation. “Until we see a pattern of higher unemployment, lower consumer spending and lower oil prices, just presume that you need to sell stocks into any rally because […]
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Ginni Thomas-tied Facebook group ‘FrontLiners for Liberty’ could be a new focus in Jan. 6 investigation
(L-R) Associate Supreme Court Justice Clarence Thomas and his wife and conservative activist Virginia Thomas arrive at the Heritage Foundation on October 21, 2021 in Washington, DC. Drew Angerer | Getty Images A Facebook group that appears to be run by Virginia “Ginni” Thomas, the wife of Supreme Court Justice Clarence Thomas, could become a […]
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