c2stories

The Nasdaq approached an all-time high but ended in the red with other indexes. Ten-year treasuries rose by 0.04%, while oil continued to drop. Nvidia shares increased by 9.32%, lifting the AI sector, though some analysts warn of a bubble. Senate and House support for banks offering cryptocurrency custody services faces a veto threat from President Biden. The SEC approved a spot ethereum ETF, foll...

This week, we delve into Donald Trump's potential picks for running mates. Contenders include Tim Scott, Marco Rubio, Mike Pompeo, and Elise Stefanik. Trump plans to announce his choice before the Republican National Convention in June. Kristi Noem and Nikki Haley are potentially out of contention. Biden's probable VP pick Kamala Harris open to debating Trump's running mate. Bulletin B...

A tornado struck Greenfield, Iowa, causing widespread destruction to homes, infrastructure, and the local hospital. Four fatalities and over 35 injuries were reported, with search and rescue operations ongoing. Governor Kim Reynolds emphasized the severity of the situation, declaring emergencies in 15 counties. The tornado outbreak affected six states, with continued severe weather warnings across...

Major indexes closed higher yesterday after Fed Governor Christopher Waller suggested no interest rate hike. The Nasdaq and S&P 500 hit new records ahead of Nvidia’s earnings. Oil dropped nearly 1% as the Biden administration plans to release 1 million barrels of gasoline. McDonald’s franchise owners raised concerns over the upcoming $5 value meal. FDIC head Martin Gruenberg will step down fol...

The United Nations halted food distribution in Rafah due to the unstable security situation from Israel's military operations, expressing concern over the near collapse of humanitarian aid across Gaza. The UN also reported that no aid trucks have entered Rafah in two days via a US floating pier, warning that the project might fail without better conditions from the Israeli government. Presiden...

Netflix's "Bridgerton" season 3 premiered with significant fanfare, breaking traditional narratives and musical norms, and its second half will be released on June 13th. Kansas City Chiefs kicker Harrison Butker's commencement address sparked controversy over traditional gender roles, prompting both support and backlash. The "Wicked" film trailer, featuring Ariana Grand...

Masters champion Scottie Scheffler was arrested Friday morning en route to the PGA championship in Louisville, Kentucky, charged with assaulting a police officer after allegedly attempting to bypass traffic caused by a pedestrian fatality investigation. The incident, which involved a pedestrian struck by a bus, led to significant traffic delays around the Valhalla Golf Club. Scheffler reportedly r...

Major indexes closed lower Thursday, reversing earlier gains. Inflation eased, hinting at possible Fed rate cuts. Biden Administration announced new tariffs on Chinese goods, increasing trade tensions. Meme stocks surged and fell back, with AMC raising $250 million. Berkshire Hathaway revealed a $6.7 billion stake in Chubb. Ilya Sutskever left OpenAI to pursue other work. Bulletin Brief Dow’s hist...

Presumptive Democratic and Republican nominees Joe Biden and Donald Trump have officially agreed to two debates for the 2024 election season, scheduled for June 27th on CNN and September 10th on ABC. Talks between the campaigns have been ongoing since April, with Biden's team opting out of debates organized by the Commission on Presidential Debates due to dissatisfaction with the commission&#3...

Miss USA winner Noelia Voigt and Miss Teen USA winner UmaSophia Srivastava unexpectedly stepped down from their roles, citing concerns about the organization's culture and their mental health. Voigt accused the organization of fostering a toxic work environment, bullying, and harassment. Their resignations were coordinated with another prominent figure, Claudia Michelle, who also quit, express...

As wildfires rage across Western Canada, states in the U.S. are experiencing unexpected air quality alerts due to smoke and debris. Over 146 active wildfires are reported, with some described as "out of control," including the Parker Lake Wildfire in British Columbia, which doubled in size within 24 hours. Evacuation orders have been issued for over 3,000 residents in northeastern Britis...

Major stock indexes are nearing record highs, with the Dow Jones up 0.85%, fueled by expectations of Fed rate cuts and strong corporate profits. Warren Buffett trimmed his Apple holdings by $20 billion but still has a 40% stake, and is holding $182 billion in cash, suggesting the market may be overvalued. Jobless claims rose, signaling a cooling labor market, while consumer credit demand was weake...

The Antisemitism Awareness Act of 2023, recently passed in the House, aims to define antisemitism amidst campus protests criticizing Israel's actions in Gaza, citing a rise in antisemitism in US educational institutions and adopting the IHRA's definition. The bill passed with a vote of 320-91, with bipartisan support, but faced opposition from both Democrats and Republicans, particularly c...

Drake and Kendrick Lamar's rap battle escalates with diss tracks alleging serious accusations, dividing fans and keeping the feud ablaze. The 2024 Met Gala dazzles with its "Sleeping Beauties: Reawakening Fashion" theme, featuring stunning looks from celebrities, while notable absences, including Taylor Swift, Rihanna, and Beyoncé. Ryan Gosling's latest film "The Fall Guy&qu...

In one of the closest finishes in Kentucky Derby history, the 18-1 longshot Mystik Dan edged out favorites Sierra Leone and Forever Young by the slimmest of noses after a thrilling triple nose-to-nose stretch duel at Churchill Downs. The photo finish required an agonizing two-minute review before Mystik Dan's improbable victory was confirmed, etching the Kenny McPeek-trained colt's name in...

The Federal Reserve kept interest rates unchanged while the DEA moved to reclassify marijuana as a less restrictive Schedule III drug, expected to drive growth in the cannabis industry. In corporate news, HSBC CEO Noel Quinn stepped down after the bank's shares grew during his tenure, Boeing whistleblower Joshua Dean passed away after accusing the 737 Max of defects, and Apple announced a mass...

Federal Reserve Chair Jerome Powell announced no change in interest rates, eliminating fears of stagflation and impacting the economy's outlook. The stock market's response was mixed; while the Dow Jones Industrial Average gained modestly, the S&P 500 and Nasdaq initially surged by over 5% but ended the day slightly below their starting points Fed chair Jerome Powell: No sign of stagfl...

In a tragic display of violence, a routine attempt to serve an arrest warrant in Charlotte, North Carolina erupted into a deadly shootout, leaving four law enforcement officers dead - the single most devastating incident for U.S. law enforcement since the 2016 Dallas ambush. The standoff with the suspect, a convicted felon wanted on new firearms charges, lasted three hours as he rained gunfire on...

Ncuti Gatwa makes history as the first Black and openly queer 'Doctor Who', with the new season airing on May 11th. The 2024 Met Gala, featuring Taylor Swift and Travis Kelce, showcases 250 rare garments for “Sleeping Beauty” theme. Billie Eilish's world tour supports environmental justice missions. Johnny Cash's posthumous tracks stir controversy but gains popularity on social med...

A series of violent tornadoes have wreaked havoc across Oklahoma, resulting in widespread destruction and the loss of four lives. The small towns of Sulphur and Marietta faced devastating impacts, with over 100 injuries reported in Sulphur alone, where buildings were torn apart and essential services disrupted. Governor Kevin Stitt declared a state of emergency, highlighting the scale of devastati...

The FTC has banned most noncompete agreements, sparking a lawsuit, while the Biden-Harris Administration's DOT mandates airlines to automatically refund passengers. Meanwhile, Tesla's stock declines amid recalls and layoffs, and Alphabet announces its first-ever dividend, boosting its shares. Macro Recap: FTC Bans Restrictive Noncompete Clauses  (FTC) (NYT) New DOT Rule: Automatic Airfare...

After another turbulent week, Tesla finds itself facing a multitude of challenges including declining sales, a slumping stock price, and significant layoffs. With continuous chaos, Tesla’s stock took a massive hit Monday as it saw its seven consecutive days, reaching its lowest point since January 2023 and totaling a 43% drop this year. However, optimism within the company seems to be recently on...

In a controversial move shaking up the American workforce, the Federal Trade Commission has banned most noncompete agreements nationwide such as restrictive contracts that have locked millions of workers into their jobs for years. After a deeply partisan 3-2 vote, this sweeping new rule will free around 30 million people from these mobility-restricting clauses, potentially reshuffling vast segment...

Stormy Daniels alleges she had an affair with former President Trump in 2006 and received $130,000 in hush money before the 2016 election. The trial focuses on Trump's ex-lawyer, Michael Cohen, who claims Trump directed the payment, while prosecutors argue Trump falsified records to conceal a $420,000 reimbursement to Cohen. They allege Trump illegally influenced the 2016 election by silencing...

Taylor Swift’s newest album, ‘The Tortured Poets Department’ surprises fans with double releases and themes of heartbreak. Coachella 2024 wrapped up this past weekend with some positives and negatives, including Kid Cudi breaking his foot, Doja Cat making history as first female rapper headliner, and surprise performance from Camila Cabello. ‘Deadpool & Wolverine’ trailer dropped and assured f...