Amy Wu Silverman, RBC Capital Markets Head of Derivatives Strategy joins the Yahoo Finance Live panel with the latest market action.
Amy Wu Silverman, RBC Capital Markets Head of Derivatives Strategy joins the Yahoo Finance Live panel with the latest market action.
Reuters/Ibraheem Abu MustafaThe Israeli military says it has launched ground operations against Hamas in Gaza, a major escalation of the conflict that is likely to leave many more dead.Both side have conducted increasing amounts of aerial warfare against one another in recent days, with Hamas firing more than 1,500 rockets at Israel and Israel leveling airstrikes against Hamas, including several Thursday. Israel claims to have killed more than 30 Hamas militants and struck more than 600 targets. Palestinian officials say more than 100 people have been killed in Gaza, including 27 children.Amid the fighting, mobs have also taken to the streets in Israeli cities in localized bouts of violence that authorities are still struggling to contain.#Breaking: Entire families are under the rubble in Beit Hanoun northern Gaza pic.twitter.com/N50oTyacbL— Muhammad Smiry 🇵🇸 (@MuhammadSmiry) May 13, 2021 Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
Earlier, the three major indexes rebounded after declining sharply earlier this week.
FOX 9 Meteorologist Jennifer McDermed delivering a forecast just before a major graphics glitch occurred. (Twitter / FOX9) Comic book superheroes may wish they could do what FOX 9 Meteorologist Jennifer McDermed, who forecasts the weather for the Twin Cities in Minnesota, did while delivering her forecast on Tuesday night. While on the air delivering a forecast for what was a rather tranquil weather pattern, the graphics -- and McDermed -- began to glitch, creating a train of duplicates as she moved across the screen. The unexpected "visitors" in the weather forecast led to much amusement for McDermed, who was taken by surprise, and her off-screen colleagues. "Oooh, that's funky!" McDermed said when she caught on that something wasn't right. Waving her arms and stepping off screen, a train of multiple images of herself followed her every move, but each had its own delayed response. "Do you want one Jennifers, or two Jennifers, or three...?" McDermed asked, trailing off into laughter. THINGS GOT WEIRD TONIGHT https://t.co/VaA0HF8sOg— Jennifer McDermed (@McDermedFox9) May 12, 2021 "Can you lead that train off the screen?" FOX 9 anchor Randy Meier asked at one point. McDermed obliged, leading her duplicates across the screen just before the graphics came back online. CLICK HERE FOR THE FREE ACCUWEATHER APP "I have no idea what that was, but that was brilliant," McDermed said through her laughter. Reining in her composure, she continued delivering her forecast, albeit with a laugh or two left. AccuWeather Executive Director of Content Operations David Taynor explained that the kind of glitch that is seen on the screen is actually pretty common in the TV business. "When a broadcaster stands in front of a green screen, we use technology to remove the green and put something else in its place," Taynor said. "Normally, that would be the weather graphics." Taynor theorized that in this case the image of the broadcaster was placed over her graphic behind her, causing a feedback loop. "Basically, you are seeing her ... over her... over her to infinity. And since it keeps layering in, you build in a little delay, so that's why there were so many of her." The multiple McDermeds caught traction over social media and even caught the attention of Tonight Show's host Jimmy Fallon and Star Trek actor George Takei. McDermed herself even had some fun with it over social media, tagging Marvel Entertainment in a tweet asking,"Does this count as a super power?" Keep checking back on AccuWeather.com and stay tuned to the AccuWeather Network on DirecTV, Frontier, Spectrum, FuboTV, Philo, and Verizon Fios.
Photo Illustration by The Daily Beast / Photo GettyThe world’s youngest crypto billionaire donated approximately $1.5 billion to a COVID relief fund and other charities—paid out almost entirely in a selection of meme cryptocurrencies named for different dog breeds that then tanked in value.Vitalik Buterin, whose personal fortune first surpassed $1 billion early last week, donated several kinds of cryptocurrencies, three of which are dog-themed and created largely as jokes: Shiba Inu (SHIB), Akita Inu (AKITA), and Dogelon (ELON).The gifts were collectively valued around $1.5 billion at the time they were made. But within hours of the transactions, the meme coins’ prices plunged—in no small part due to the billionaire’s massive transfers. In a neat illustration of crypto’s volatility, Buterin’s donations effectively depreciated themselves.Meet the World’s Youngest Crypto BillionaireButerin, 27, is the founder of Ethereum, an open source blockchain whose native token, Ether (ETH), is the second-most valuable cryptocurrency and only legitimate rival of Bitcoin. The founder’s wealth is mostly vested in his creation, but over the past year, he has also been gifted so-called “petcoins” as part of a hokey marketing stunt.The canine-related tokens are knockoffs of the meme currency Dogecoin (DOGE), which spiked to record-breaking highs over the past month, thanks in part to repeated promotion from Tesla CEO Elon Musk. Dogecoin, which has fallen in price since Musk’s appearance on Saturday Night Live, is now the sixth-most valuable cryptocurrency by market capitalization, according to Crypto Slate.The copycat coins tried to capitalize on the Doge frenzy—in SHIB’s “woofpaper,” or whitepaper, the creators dubbed it the “Dogecoin killer”—with some success. SHIB, which boasted a market cap of $0 on May 7, spiked to nearly $14 billion on May 10, according to Coin Market Cap. In an apparent bid to publicize their coins, the creators of SHIB, AKITA, ELON, as well as some other petcoins like HuskyToken (HUSKY) and Bulldog (BDOG), gifted Buterin large quantities: in each case, 50 percent of the total coin supply. SHIB’s creators claimed this had “burned” the coins—or taken them out of circulation to create scarcity.But Buterin retained control of the funds. Because he held such large quantities of the coins’ total supply, some thought that attempts to offload them could have a drastic impact on their value. Even before the donation, critics mused that an exchange could prove fatal to the petcoins’ creators. “To be perfectly clear,” crypto Twitter account @Waronrugs wrote back in January, “Vitalik can rug you.”ℹ️ We got a lot of requests to look into it, so we looked into it. Of course, the price volatility is currently extremely high so think twice before going in. This tweet isn’t an endorsement or financial advice of any kind. We’re only publishing the results of our findings.— #WARONRUGS❌ (@WARONRUGS) January 30, 2021 On Wednesday, according to data collected by the blockchain tracker Etherscan, Buterin doled out massive quantities of petcoins to a smattering of nonprofits and foundations, including the India Crypto Covid Relief Fund, the Machine Intelligence Research Institute, the open source bounties platform Gitcoin, the charity evaluator GiveWell, and the Methuselah Foundation, a lifespan-extension research group focused, according to their website, on “making 90 the new 50 by 2030.”Within hours, the petcoins’ prices sank. Dogelon Mars fell by nearly 95 percent, before recovering some of the loss. Buterin’s largest contribution, 50 trillion SHIB to the India Crypto Covid Relief Fund, had been worth just over $1 billion at the time of the transaction, according to Etherscan estimates. Within an hour, SHIB’s price had dropped by 30 percent.In spite of the slump, Shiba Token’s creators released a statement of support for the gesture, insisting that Buterin was not “dumping” the token. Instead, they wrote on Twitter, he had “just brought invaluable legitimacy” to the token, illustrating that it was more than a memecoin. The India Crypto Covid Relief Fund added that it plans to execute a “thoughtful liquidation,” converting the donation in a slow, staggered manner, to ensure that the price does not sink further and eliminate its value.(Transparency Update)We thank @VitalikButerin for his donation of 50,693,552,078,053 SHIBA to @CryptoRelief_ . We plan to do a thoughtful liquidation to ensure we meet our COVID relief goals. We have decided to convert the donation slowly over a period of time.(1/x)— India's Crypto Covid Relief Fund 🇮🇳 (@CryptoRelief_) May 12, 2021 The India Crypto Covid Relief Fund was the primary beneficiary of Buterin’s donations. The fund was set up by Sandeep Nailwal, founder of the Ethereum-affiliate Polygon, to help direct donations to COVID-19 relief in India, where case numbers have spiked to heights rivaled only by the United States. Buterin had donated to the fund before; when Nailwal first set it up back in April, the Ethereum founder contributed about $600,000 in Ether and another cryptocurrency called Maker (MKR).According to Etherscan records, Buterin also donated approximately $375 million in AKITA to Gitcoin, an Ethereum-based “bounties” platform that helps open source developers get paid for their work.At the time of the transactions, the value of Buterin’s meme coin donations rivaled that of his personal Ether fortune. Early last week, he became the latest entry to the billionaire club, when Ether’s price surpassed $3,000, putting his holdings of some 335,000 ETH at a value of approximately $1.3 billion. Buterin’s donations on Wednesday largely did not come from that sum, but he did move it.Shortly before his petcoin contributions, the founder transferred $1.3 billion in Ether from his public address—which he disclosed back in 2018—to a new contract separate address created just hours before. The exchange amounted to nearly all of his ETH holdings; by early afternoon, Buterin’s public address held just $10,000 in Ether. Some crypto strategists suggested to Forbes that the new address provides greater security and privacy, but the motivation for the transfer remains unclear.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
Starting on May 24th, Pinterest will host a three-day online event that will see the company livestream content from some of its popular content creators.
After almost a century, North America's largest motorcoach operator Greyhound announced Thursday it is shutting down all of its remaining intercity bus routes in Canada, blaming the pandemic for a sharp drop in its already dwindling ridership.
A look at the features for this week's broadcast of the #1 Sunday morning news program
‘Long overdue update’ shows increasing impact of changing climate on Americans’ daily lives
CDC relaxes mask guidelines. An active-duty Marine Corps officer was charged in the Capitol attack. It's Thursday's news.
The husband of former Los Angeles County District Attorney Jackie Lacey will avoid jail time, a judge ruled Thursday, and instead enter a diversion program after pointing a gun at Black Lives Matter members who demonstrated outside the couple’s home last year, according to the Los Angeles Times. David Lacey, 67, faced three misdemeanor charges of assault with a firearm in the March 2, 2020, incident, which occurred the day before his wife faced a contentious primary race.
The Biden administration has been courting Senator Joe Manchin’s vote to realise its legislative agenda
After Colonial Pipeline Co. was hacked, posts argued the same could have happened to voting machines in 2020. This comparison is misleading.
Locked out Metropolitan Opera stagehands protested the use of nonunion shops to construct sets for the company's upcoming season, attracting a crowd of roughly 1,000 people outside Lincoln Center for the Performing Arts Thursday. The stagehands’ contract expired last July 31, and that union was locked out Dec. 8. James J. Claffey, Jr., president of Local One of the International Alliance of Theatrical Stage Employees (IATSE), accused the Met of “using the pandemic for unreasonable and draconian cuts damaging to our families.”
The House Speaker says the ethics committee should review the incident
The Biden administration vowed Thursday to stand by Australia in its worsening trade and other disputes with China. Secretary of State Antony Blinken told his Australian counterpart that the U.S. “will not leave Australia alone on the field — or maybe I should say ‘alone on the pitch’ — in the face of economic coercion by China.” Like the United States and China, Australia and China are in the midst of several major disputes as Beijing seeks to apply pressure over commerce and influence.
‘If the governor tried that before a judge he’d get laughed out of court’
The shutdown of the pipeline sparked panic in the southeastern U.S., with residents lining up at gas pumps for hours over fears of a fuel shortage.
Mayor fires health chief over disposal of remains decades after 1985 Move bombing, which killed 11 Relatives and supporters of Move conduct an anniversary march one year after the bombing. Photograph: Bettmann/Bettmann Archive The public outcry over the handling of human remains retrieved from the ashes of the deadly 1985 bombing of a Black liberation organization in Philadelphia dramatically escalated on Thursday, with the revelation that the bones of an undisclosed number of Move victims were incinerated and dumped by the city without the knowledge or permission of living relatives. In a bombshell disclosure, the mayor of Philadelphia, Jim Kenney, announced that he had fired the city’s health commissioner, Thomas Farley. The mayor said that Farley had told him earlier this week that several years ago he had become aware that remains of victims of the Move bombing – in which 11 people died – were still in the possession of the city’s medical examiner’s office. Instead of attempting to identify the bones and return them to the families of the deceased, Farley said “he made a decision to cremate and dispose of them”. Kenney said in a statement he had asked the health commissioner to resign. “This action lacked empathy for the victims, their family, and the deep pain that the Move bombing has brought to our city for nearly four decades.” The city’s medical examiner, Sam Gulino, was also placed on administrative leave pending an investigation. In a bitter twist of history, the disclosure of the exceptionally cavalier manner in which Philadelphia dealt with the human remains of its own citizens, which it had itself killed in one of the worst atrocities in America’s long history of state-inflicted racial violence, fell on the 36th anniversary of the bombing. On 13 May 1985, the city flew a police helicopter over the headquarters of Move, a Black liberation and back-to-nature group which still exists in the West Philadelphia area. A bomb containing C-4 plastic explosives was dropped from the helicopter on to the roof of the Move house, sparking an inferno that was allowed to burn for an hour before firefighters were called. In addition to the 11 Move members who died, more than 60 houses were razed in the almost entirely Black neighborhood. Thursday’s admission that remains of some of the victims were unceremoniously dumped comes on top of the discovery last month that the bones of two of the five children who died in the inferno had been held for almost four decades in the anthropology collection of the University of Pennsylvania. The children are believed to be Tree Africa, who was 14 when she was killed, and Delisha Africa, 12. The girls’ parents were unaware that their children’s remains had been kept by the university as anthropological artifacts rather than buried. The bones were used as a “case study” in an online forensic anthropology course posted last month by a Penn professor working in conjunction with Princeton University. Mike Africa Jr, a Move member who lost two close relatives in the 1985 disaster, was so stunned by the latest grim disclosure that he was rendered almost speechless. When the Guardian asked for his response to Thursday’s news, he replied: “I’m not sure I have a response. They took the remains of my family and they incinerated them – the only thing I can say at this point is that people have to be held accountable.” Africa added that whatever the city authorities had been doing over these past many years “has to come to a screeching halt. They need to stop this crime they have been committing of covering up their behavior and destroying evidence of what they’ve done.” In his official statement, Kenney said that he had become aware of the “very disturbing incident” earlier this week but had withheld making an announcement until members of Move could be informed. The mayor said that he had met with Move members on Thursday and apologized “for the way this situation was handled, and for how the City has treated them for the last five decades”. The mayor has announced an outside investigation, led by the global law firm Dechert LLP, into how the city handled human remains from the 1985 bombing. Relatives of the victims will be able to nominate individuals to participate in the inquiry. The statement said: “I cannot imagine that it means much, but I also offer a formal apology to the Africa family and members of the Movement on behalf of the City of Philadelphia, not just for this disgraceful incident, but also for how administration after administration has failed to atone for the heinous act on May 13, 1985, and continues to dishonor the victims. I am profoundly sorry for the incredible pain, harm, and loss caused by that horrific day.”
Harvey Mason jr., can drop the interim from his title: He's now the official president and CEO of The Recording Academy. Mason, a successful Grammy-nominated producer who has worked with Beyoncé, Chris Brown and Toni Braxton, has been the interim leader at the academy since January 2020. Mason is the first Black president and CEO of the academy.
Reptiles removed under statewide program to limit numbers