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Sen. Elizabeth Warren scored a $730,350 book advance last year, according to annual financial disclosure

Fri, 05/13/2022 - 6:23pm  |  Clusterstock
Senator Elizabeth Warren and American Attorney Maya Wiley discuss the book "Persist" at Strand Bookstore on May 06, 2022 in New York City.
  • Sen. Elizabeth Warren reported a substantial book advance in her 2021 financial disclosure.
  • The Democrat received $730,350 from Macmillan Publishing, records show.
  • Macmillan Publishing oversaw "Persist" and "Pinkie Promises," both Warren titles released in 2021.

The literary money keeps rolling in for Sen. Elizabeth Warren. 

The Massachusetts lawmaker landed a $730,350 book advance last year, according to her 2021 financial disclosure. The hefty advance came from Macmillan Publishing Group LLC, records reviewed by Insider show. 

Macmillan published Warren's children's book "Pinkie Promises" in October of 2021, and also oversaw the publication of her book "Persist," which came out in May 2021. The two titles had already earned her a $250,000 advance in 2020, according to financial disclosures. 

A spokesperson for the senator confirmed to Insider that the most recent advance is a continuation for both books. 

"Persist" was the No. 7 New York Times bestseller when it debuted last year before dropping off the list the following week. The book detailed Warren's experiences as a mother and teacher and chronicles how her personal life helped inform her political positions. "Pinkie Promises" was a picture book about a girl named Polly who runs for class president. 

The Boston Globe on Friday reported that Warren's annual income last year jumped from nearly $900,000 to $1.36 million thanks to the six-figure advance. 

As Insider's Kimberly Leonard reported in December, members of Congress often reap big paydays when penning their publications. In 2020 alone, 26 lawmakers in the House and Senate raked in $1.8 million from book advances and royalties, Insider uncovered as part of its Conflicted Congress project

Some even managed to make more money writing books than serving as elected officials — a job that already comes with a $174,000 annual salary. Members of Congress are not typically allowed to earn more than $29,595 in income outside of their federal salaries each year, but book advances and royalties are one of a few exemptions to the rule.

Warren, it seems, was able to capitalize on the legal loophole in a major way: Her $730,350 advance in 2021 was nearly double the next highest payout reviewed in Insider's 2020 investigation. Sen. Tammy Duckworth, an Illinois Democrat, earned $382,500 in advance payouts for her book "Every Day is a Gift: A Memoir."

Other high earners among Congressional authors in 2020 included Sen. Ted Cruz, Sen. Tom Cotton, and Sen. Bernie Sanders.

Read the original article on Business Insider

Biden used the term "ultra-MAGA" after 6 months of research. Now Republican have put it on T-shirts.

Fri, 05/13/2022 - 6:10pm  |  Clusterstock
The House Republican campaign arm is offering "ultra MAGA" T-shirts after President Joe Biden began using the phrase.
  • Biden's use of the term "ultra-MAGA" followed six months of research, the Washington Post reported.
  • Republicans and Trump's PAC are now using it on T-shirts.
  • "I am ultra MAGA and I'm proud of it," Rep. Elise Stefanik of New York said.

President Joe Biden's use of the term "ultra-MAGA" reportedly followed six months of research into the best ways to target Republicans.

And it only took days for Republicans to put it T-shirts for fundraising sales.

The House Republicans' campaign arm is offering "ultra-MAGA" shirts with former President Donald Trump's likeness and a US flag. MAGA, which stands for "Make America Great Again," was Trump's 2016 campaign slogan

"House GOP's giving away 1,000 'ULTRA MAGA' shirts! Offer ends at Midnight or when we run out," the offer says.

This follows an "ultra-MAGA" T-shirt offer from former President Donald Trump's Save America PAC in exchange for a $45 contribution or more. "These shirts are the PERFECT way to show your unwavering support for President Trump AND prove to the Left that our movement is STRONGER than ever before," the fundraising email says.

Another fundraising email from the PAC offers an "ULTRAMAGA" T-shirt with a cartoon picture of Trump in a Superman costume with a "T" on his chest, also for a $45 contribution or more. 

The research project that led to the term "ultra-MAGA" was led by Biden adviser Anita Dunn and by the liberal group, the Center for American Progress Action Fund, the Washington Post reported.

According to the Post, the polling and focus group research by Hart Research and the Global Strategy Group found that "MAGA" was already viewed negatively by voters.

The research showed the description tapped into sentiments that the Republican Party had become more extreme, the Post reported.

And yet, the attack line may be something MAGA Republicans want to embrace, just as they did when Hillary Clinton called them a "basket of deplorables" in 2016. 

"I am ultra MAGA, and I'm proud of it," Rep. Elise Stefanik of New York, the House's No. 3 Republican, told a reporter.

—Ashley Parker (@AshleyRParker) May 13, 2022


Outgoing White House Press Secretary  Jen Psaki on Tuesday said ultra-MAGA is Biden's phrase, and that he added 'ultra' to "give it a little extra pop." 

Biden used the phrase on May 4 to describe an agenda released by Sen. Rick Scott of Florida, saying the senator calls it the "Ultra-MAGA Agenda." In May 10 remarks about the economy, he said congressional Republicans have an "ultra-MAGA" plan to raise taxes on working families.

"Let me say this carefully: I never expected the Ultra-MAGA Republicans, who seem to control the Republican Party now, to have been able to control the Republican Party," he said.

He has also referred to Trump as, "the great MAGA king."


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'The Essex Serpent' is a new period drama starring Tom Hiddleston and Claire Danes — here's how to watch on Apple TV Plus

Fri, 05/13/2022 - 5:33pm  |  Clusterstock

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  • "The Essex Serpent" premiered May 13 exclusively on Apple TV Plus.
  • The six-episode period drama stars Claire Danes and Tom Hiddleston.
  • Apple TV Plus costs $5 a month after a seven-day free trial.
Apple TV Plus (Monthly Plan)$4.99 FROM APPLE TV+

"The Essex Serpent" is a new Apple TV Plus period drama based on the novel of the same name by author Sarah Perry. The first two episodes premiered May 13, and new episodes will debut every Friday through June 10. 

Set in 1893, the show is about a widow, Cora Seaborn (Claire Danes), who moves from London to rural Essex to investigate a local mythical creature. But tensions rise when she crosses paths with the town's pastor, Reverend William Ransome (Tom Hiddleston), and soon the locals suspect Seaborn could be the real source of their troubles

Check out the trailer for 'The Essex Serpent'

The series also stars Hayley Squires, Frank Dillane, Clémence Poésy, and Michael Jibson. The show is written and created by Anna Symon. 

"The Essex Serpent" is the latest high-profile series developed exclusively for Apple TV Plus, joining other recent originals like "WeCrashed" and "Severance." Early reviews for the series have been positive, and it holds an "88% Fresh" rating on Rotten Tomatoes as of May 13.

How to watch 'The Essex Serpent' 

You can watch "The Essex Serpent" exclusively on Apple TV Plus. The first two episodes premiered on May 13. The following four episodes are scheduled to release every Friday through June 10.

Apple TV Plus costs $5 a month for full access to the service's entire lineup of shows and movies. Apple TV Plus can be streamed on iPhones, tablets, laptops, computers, and a variety of smart TVs and media players. Visit the AppleTV Plus website for a list of all compatible devices. 

Can I watch 'The Essex Serpent' for free?

You can watch "The Essex Serpent" for free if you sign up for a trial to Apple TV Plus. New members can get a seven-day free trial period, and several promotions are also available with extended trials.

When you purchase an eligible Apple tablet, phone, or Apple TV streaming device, you can get three months of Apple TV Plus for free. If you're a T-Mobile user, you may be eligible for a free year of Apple TV Plus. You can see if your plan qualifies on the T-Mobile website.

What other shows and films are on Apple TV Plus? 

Like Netflix, Hulu, and Prime Video, Apple TV Plus offers a variety of exclusive original films and series, with new content arriving every month. 

Popular original films and shows you can stream right now on Apple TV Plus include: 

  • "WeCrashed"
  • "Severance"
  • "Tehran"
  • "Ted Lasso"
  • "Shining Girls"
  • "The Tragedy of Macbeth"
  • "Fraggle Rock Back to the Rock"
  • "Foundation"
  • "The Big Con"
  • "For All Mankind"
  • "See"
  • "The Afterparty"
Read the original article on Business Insider

Twitter CEO explains why he's shaking up leadership and firing staffers ahead of expected Elon Musk takeover: 'We need to be prepared for all scenarios'

Fri, 05/13/2022 - 5:30pm  |  Clusterstock
Elon Musk and Parag Agrawal.
  • Twitter CEO Parag Agrawal hasn't been active on Twitter since the Musk buy.
  • Agrawal in a thread referenced Twitter's hiring pause and said he expected the deal to go through.
  • "I won't use the deal as an excuse to avoid making important decisions for the health of the company," he wrote.

Twitter CEO Parag Agrawal hasn't been very vocal on his Twitter account since Elon Musk mounted a bid to buy Twitter for $44 billion in late April — but that changed on Friday.

"A lot has happened over the past several weeks. I've been focused on the company and haven't said much publicly during this time, but I will now," Agrawal wrote.

In a long Twitter thread, he discussed Twitter's veritable hiring freeze and said he expected Musk's deal to go through, among other topics.

—Parag Agrawal (@paraga) May 13, 2022


The world's richest man and Twitter's owner-to-be said Monday that the deal was paused "pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," but added later he was still intending to complete the buy.

Musk has crusaded against spam bots and pledged to "authenticate all humans." But as Variety pointed out, Twitter has been using the 5% figure in financial filings since it went public in 2013, and it's possible that Musk is just looking for a way out with the way things are going.

On Thursday, Agrawal emailed staff and said the company planned to pause hiring besides vital positions, would potentially take back offers that were already out, and two top executives were leaving. 

And that's just been this week's drama. Agrawal was relatively quiet on his account through a host of online moments in the last few weeks, from Musk tweeting about his employees to Musk ideas for the company coming out

In the thread on Friday, Agrawal twice discussed answering questions about his decision-making of late.

"Some have been asking why a "lame-duck" CEO would make these changes if we're getting acquired anyway," he wrote. 

It wasn't clear exactly to whom he was referring, but CNBC's Scott Wapner replied to the first Tweet in Agrawal's thread and asked exactly that, for example.

—Scott Wapner (@ScottWapnerCNBC) May 13, 2022


The answer, Agrawal continued, (just replying to himself) is "We need to be prepared for all scenarios and always do what's right for Twitter." 

Agrawal added that he and the rest of Twitter leaders would not leverage Musk's impending ownership to "avoid making important decisions for the health of the company," as tech companies like Twitter are in a "challenging macro environment" right now, while stocks plummet and peer Facebook freezes hiring.

At the end of the thread, he said that people can expect more communication from him but not "the loudest sound bite" and by thanking his existing staff. 

—Parag Agrawal (@paraga) May 13, 2022


Twitter didn't immediately respond to a request for comment.

Read the original article on Business Insider

Republican Sen. Deb Fischer holds up to $100,000 in defense contractor Lockheed Martin stock while helping lead a Senate Armed Services subcommittee

Fri, 05/13/2022 - 5:21pm  |  Clusterstock
Sen. Deb Fischer, a Republican of Nebraska, owns up to $100,000 in stock of defense contractor Lockheed Martin. Fischer is a member of the Senate Armed Services Committee.
  • Sen. Deb Fischer inherited up to $100,000 in Lockheed Martin stock from her mother in December 2021.
  • Fischer is the top Republican on a subcommittee that oversees missile defense. 
  • Lockheed Martin is a defense contractor that manufactures the Javelin missile system.

The top Republican on a subcommittee that oversees missile defense has inherited up to $100,000 in stocks from leading defense contractor and missile manufacturer Lockheed Martin. 

A financial disclosure made public on Thursday shows Republican Sen. Deb Fischer of Nebraska owns between $50,001 and $100,000 in Lockheed Martin stock that she inherited on December 26, 2021, upon her mother's death.   

Fischer serves as counsel to Senate Minority Leader Mitch McConnell — a Republican Senate leadership position — and is the top Republican on the Senate Armed Services Subcommittee on Strategic Forces, which has responsibilities that include overseeing arms control, nuclear program, and ballistic missile defense policy. The subcommittee also has oversight of the Department of Defense's Missile Defense Agency and the Nebraska-based US Strategic Command.

The two-term senator joins at least 12 other members of Congress this year who have either traded or currently own stock in Lockheed Martin as Russia launched a full-scale invasion of Ukraine.

Since the start of Russia's war on Ukraine, US and NATO members have dispatched so-called "fire and forget" missiles to Ukraine. One of the missiles, called the Javelin missile, is co-manufactured by Lockheed Martin and Raytheon. It's touted as "the world's premier shoulder-fired anti-armor system" capable of destroying battle tanks. Lockheed Martin makes a variety of other missile and missile defense systems, as well.

Lawmakers who own Lockheed Martin stock stand to personally profit from the war as the Senate tees up a vote for an additional $40 billion in Ukraine aid on Monday. The legislation already passed the House and then will head to President Joe Biden, who is expected to sign it given that it exceeds the $33 billion he'd requested. 

On December 27, the day after Fischer inherited her Lockheed Martin stock, the stock closed at $350.28 per share. Since then, it's steadily trended upward, closing at $435.17 per share on Friday.

Fischer's office did not respond to questions about whether she plans to keep the Lockheed Martin shares or whether holding the stock presents a real or perceived conflict of interest. Past financial disclosures show that Fischer doesn't trade individual stocks, and most of her personal finances appear to be tied in Sunny Slope Ranch, a ranching company in Valentine, Nebraska, that she owns with her husband, Bruce. 

Her biography on her official congressional page says Fischer "believes the first duty of Congress is to defend the nation." She also has urged her colleagues to look "at any and all options that are out there to assist Ukraine, in particular the more sophisticated anti-air systems, to counter that Russian bombing."

The 2012 federal Stop Trading on Congressional Knowledge Act, or STOCK Act, allows members of Congress to buy, sell, and inherit individual stocks so long as they publicly disclose trades and holdings. 

No law prohibits lawmakers from sitting on congressional committees, writing legislation, or voting on bills that might affect them financially. But in recent months Congress has been debating whether to make the rules more strict — or to ban congressional stock trading altogether. 

"Lawmakers who own individual stocks can create the perception that their official decisions are influenced by their personal interest instead of the public interest," said Kedric Payne, an ethics expert and vice president at the nonpartisan Campaign Legal Center. "This potential conflict exists even with inherited stock. Congress can pass pending legislation to ban stock ownership and increase the public's confidence in the institution." 

Fischer's inheritance also included several mutual funds as well as up to $15,000 in Coca-Cola shares and less than $1,001 in Cisco Systems. Members of Congress are required to report their trades only in broad ranges, making an exact investment amount difficult to pinpoint. 

Insider previously reported that at least 15 lawmaker invest in the stock of defense contractors while holding powerful positions on a pair of House and Senate committees that control US military policy. 

Defense contractors, for their part, spend millions of dollars lobbying the federal government to prod elected officials, shape policy, and win lucrative government contracts.

During 2021, Lockheed Martin spent more than $14.4 million on federal lobbying, according to federal records compiled by nonpartisan research organization OpenSecrets. It also spent more than $3.3 million on federal-level lobbying efforts during the first three months of 2022.

Read the original article on Business Insider

The 12 best horror movies to watch on Hulu, from 'Fresh' to 'Little Monsters'

Fri, 05/13/2022 - 4:56pm  |  Clusterstock

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  • Hulu has a solid lineup of horror movies, ranging from zombie films to supernatural thrillers.
  • Some of the service's best-rated horror films include movies like "Fresh" and "Little Monsters."
  • Hulu costs $7 a month for ad-supported streaming, or $13 a month for ad-free streaming.
Hulu Streaming Service$6.99 FROM HULU

Hulu has no shortage of great horror films, both old and new, to stream. The service has a scary title for every occasion, whether you're hosting a movie night or just looking for a thrill before bedtime.

From new releases like 2022's "Fresh" to cult classics like "Let the Right One In," every horror fan can find something spooky to enjoy.  If you're not already a member, Hulu costs $7 a month for ad-supported streaming, or $13 a month for ad-free playback.

To help you find a spooky film worthy of your next movie night, we rounded up some of the best horror movies on Hulu. Our selection includes a mix of supernatural thrillers, ghost stories, monster movies, and even horror comedies. Every film we've listed has earned at least a 60% rating on Rotten Tomatoes, the review aggregation platform. 

Keep in mind, however, that Hulu's selection of films rotates frequently. Some of our current picks may become unavailable in the future, so we'll keep this list updated to reflect Hulu's changing lineup.

Here are the 12 best horror movies on Hulu:'Fresh'

"Fresh" is one of the latest additions to Hulu's horror library. The slow-building thrill stars Daisy Edgar-Jones and Sebastian Stan. It riffs on the struggles of modern dating in the age of apps and social media. Terror mounts as the movie reveals a key twist about 30 minutes in, but the story still maintains a smart sense of humor. "Fresh" received an "81% Certified Fresh" rating on Rotten Tomatoes.


A psychological thriller starring Sarah Paulson and Kiera Allen, "Run" tells the story of Chloe Sherman, a teenager who is homeschooled by her doting mother, Diane. When Chloe notices odd behavior from her mom, she begins to suspect something darker may be hiding under the surface. "Run" received an "88% Certified Fresh" rating on Rotten Tomatoes.

'Personal Shopper'

"Personal Shopper" is an award-winning supernatural thriller directed by Olivier Assayas. Kristen Stewart stars as Maureen, an American woman living in Paris where she works as a personal shopper for a celebrity, while also trying to communicate with her deceased brother. When otherworldly events start occurring, Maureen must question if it's really her brother reaching out or some other malicious force. "Personal Shopper" received an "81% Certified Fresh" rating on Rotten Tomatoes.

'The Feast'

This Welsh horror movie is directed by Lee Haven Jones and stars Annes Elwy, Nia Roberts, and Julian Lewis Jones. Elegant, creepy, and a little bit gory, "The Feast" marries fantasy and fear as a mysterious woman appears at a formal dinner party and employs herself as the event's waitress. It got an "82% Certified Fresh" rating on Rotten Tomatoes.

'Willy's Wonderland'

Where action, horror, and comedy intersect, you'll find "Willy's Wonderland." The 2021 film stars Nicolas Cage as a silent protagonist, tasked with cleaning a family fun center (think Chuck E. Cheese) overnight to pay off a debt. Similar to the wildly popular video game Five Nights at Freddy's, things get violent when the animatronics come to life. "Willy's Wonderland" earned a 60% rating on Rotten Tomatoes.

'Little Monsters'

Lupita Nyong'o, Alexander England, and Josh Gad star in this zombie comedy film from 2019. "Little Monsters'' follows three unlikely heroes as they team up to protect a group of young school kids from a sudden zombie outbreak. It's a funny and fresh take on the genre, carried by incredible performances from the main cast. "Little Monsters'' has a "79% Certified Fresh" rating on Rotten Tomatoes.

'The Lodge'

"The Lodge'' is a psychological thriller directed by Veronika Franz and Severin Fiala. It follows a woman, played by Riley Keough, who is stranded in an isolated snow lodge with her fiance's two kids, played by Jaeden Martell and Lia McHugh. With tensions already running high, the situation escalates when everyone's belongings, including medications, go missing. "The Lodge'' received a "74% Certified Fresh" rating on Rotten Tomatoes.

'Fright Night'Colin Farrell in "Fright Night."

This remake of the 1985 original of the same name is directed by Craig Gillespie and stars Anton Yelchin and Colin Farrell. "Fright Night" follows a high school student as he discovers that his new neighbor is a real vampire. It's gory and comedic with notable performances from its cast. "Fright Night" has a "72% Certified Fresh" rating on Rotten Tomatoes.

'The Wretched'

John-Paul Howard, Piper Curda, and Jamison Jones star in this 2019 supernatural horror film directed by the Pierce Brothers. "The Wretched" details the events of one teenage boy as he takes on the evil force he suspects is possessing his next-door neighbor. "The Wretched" received a "75% Certified Fresh" rating on Rotten Tomatoes.


For fans of sci-fi horror, "Sputnik" should be next on your list. The 2020 Russian film is directed by Egor Abramenko and stars Oksana Akinshina, Pyotor Fyodorov, and Fyodor Bondarchuk. Set in the Cold War-era 1980s, Oksana Akinshina plays a young doctor who has been tasked with assessing a cosmonaut who has survived a harrowing accident while in space.  "Sputnik" earned an "87% Certified Fresh" rating on Rotten Tomatoes.

'Lights Out'

"Lights Out" came out in 2016 as David F. Sandberg's directorial debut. Starring Teresa Palmer, Gabriel Bateman, and Alexander DiPersia, it's a supernatural thriller in which a woman and her stepbrother are terrorized by a spirit that only appears after the lights go out. It's the only title on this list that's rated PG-13 — which is somewhat of a rarity for good horror films nowadays. "Lights Out" has a "75% Certified Fresh" rating on Rotten Tomatoes.

'Let the Right One In'

Set in Sweden during the 1980s, "Let the Right One In" tells the story of a young boy struggling to make friends who meets a mysterious girl who only emerges at night. It's not your typical horror film; the international drama uses fear to strengthen its emotional storytelling. Based on a 2004 novel of the same name, the film is directed by Tomas Alfredson and stars Kare Hedebrant and Lina Leandersson. The movie also inspired an American remake, titled "Let Me In." "Let the Right One In" received a whopping "98% Certified Fresh" rating on Rotten Tomatoes.

Read the original article on Business Insider

The 38 best gifts for college and high school graduates, from nostalgic decor to tech they'll thank you for later

Fri, 05/13/2022 - 4:46pm  |  Clusterstock

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Graduating from college and high school means lots of new responsibilities under a potentially tight budget. Here are useful gifts for a graduate.

Both recent college and high school grads are likely feeling all the joy and sadness that habitually comes along with one life chapter ending and another opening up. 

With new jobs and living arrangements comes a host of exciting opportunities and responsibilities to navigate. But it doesn't necessarily come with the ideal budget.

Family members and friends can celebrate their graduate's accomplishments while also selecting gifts that make the next few foundational years a little easier to acclimate to. Below are 38 thoughtful, useful graduation gifts for the Class of 2022.

The 38 best graduation gift ideas in 2022:A tablet for Netflix and surfing the web

Gift an Apple iPad, available at Amazon, $309

Since a number of companies give their employees work computers, it's not totally necessary to get one's own. But for streaming Netflix or surfing the web at home, an iPad can be a budget-friendly alternative that better suits their lifestyle. 

We think the 2022 standard iPad is ideal for general-purpose use, and it's surprisingly affordable. You can read more in our buying guide for the best iPads in 2022 for every need and budget.

A commemorative map of their college town, hometown, or study abroad city

Gift a customized Grafomap poster, available on Grafomap, from $52

Commemorate their college town, hometown, or favorite place in the world with this customizable graphic map so they can keep it with them wherever life takes them.

Nice noise-canceling headphones

Gift a pair of Sony WH-1000XM4, available at Amazon, from $348

Sony's WH-1000XM4 are our favorite noise-canceling headphones for their balance of sound quality, noise cancellation, and comfort, making them a great pick for long commutes, focusing during work, or relaxing.

They're also one of the items featured in our list of the All-Time Best products we've tested.

A beautiful bouquet

Gift a bouquet, available at Urban Stems, from $45

Send flowers to your graduate — whether you're sending them in lieu of being there yourself or as a supplement a digital gift or card. We highly recommend UrbanStems; the company's bouquets are one of the best items we've ever tested

If you're looking for something that won't be gone after a couple of weeks, you'll also find options for potted plants and low-maintenance dried bouquets.

A sleek smart mug that keeps their drinks hot

Gift the Ember Smart Mug, available at Amazon, $149.95

This mug will control the temperature of their coffee or tea, so they won't have to reheat or dump it out every few hours. A former teammate called the Ember "life-changing."

You can also buy a travel-friendly version.

A luxe leather messenger bag

Gift the Henderson Laptop Brief Bag, available at Leatherology, $300

Leatherology makes luxe leather goods and delivers them in gift-wrapped boxes. This laptop brief bag is one they can own for many years, and it's a luxe step-up from the backpacks of their past. You'll find a few more budget-friendly options at Herschel Supply Co.

School spirit gear

Gift college gear, from Fanatics, from $27.99

Get them excited for their college days or commemorate them with a wearable bit of school spirit. Fanatics is full of clothing, hats, bags, balls, games, and drinkware for NCAA schools. Your grad will be able to spot a fellow alum from miles away.

A funny, thoughtful card

Gift a card, available at Etsy, $5.95

Grab a funny, sweet card and use it to tell them how proud you are of them.

A nice bottle of bubbly

Gift a bottle of Veuve Clicquot, available at Drizly, $62.70

If they drink (and are old enough to drink), send them a nice bottle of bubbly to celebrate their big achievement. Drizly will deliver it for you.

A gift card for crisp, luxe sheets

Gift a Brooklinen gift card, from $50

Your graduate may appreciate an upgrade in bedding to match their new chapter or their new space, whether it's their first adult apartment or a dorm.

Brooklinen is a common recommendation for us — you get premium, can't-wait-to-go-to-bed bedding at relatively affordable prices. Read our Brooklinen sheets review here.

A slim Fitbit with plenty of features

Gift the Fitbit Inspire 2, available at Amazon, $82.74

Fitbit's affordable Inspire 2 tracker has no shortage of useful features to keep someone informed about their physical activity — tracking calorie burn, resting heart rate, and heart rate zones. It's also one of the least expensive Fitbit models.

You can find our ranking of the best Fitbits here.

A must-read financial guide book

Gift "I Will Teach You to Be Rich," available at Amazon, $12.87

Good news for your grad: they can buy as many lattes as they want. They just need to choose the right accounts and investments so their money automatically grows for them.

Libby Kane, Insider's Executive Editor for Personal Finance, says she regularly buys a new copy of this book just to give away, and it's an excellent introduction to making the most of your personal finances — especially if your graduate is young or new to managing money.

Delicious goodies from a famous NYC bakery

Gift the Milk Bar goodies, available at Milk Bar, from $24

Milk Bar cakes are one of our go-to gifts to send to friends and family — especially when we can't celebrate with them in person. We love their classic flavors as well as the limited-edition stuff, too. You can find a review of the Milk Bar cakes here. It's also one of the Insider Reviews All-Time Best products.

A planner that helps map out long-term goals

Gift the Best Self Co. Journal, available at Amazon, $31.99

The Best Self Co. Journal helps people map out their five- or 10-year plans in a tangible, easily managed way. It's a nice way to provide growth and direction after graduation, whether your graduate is on their way to college, a new job, traveling, or anything else.

A great streaming device

Gift the Roku Ultra 3, available at Amazon, $179.99

The Roku Ultra 3 stands out from other streaming device options thanks to its 4K and HDR support, speed, reliability, and large library of streaming services (Netflix, HBO Max, Rakuten Viki, etc.). Plus, if your graduate wants to watch TV on the big screen without disturbing anyone, it comes with headphones for private listening.

Read the full review of the Roku Ultra 2020 here.

A framed photo of their friends or favorite memories

Give a framed photo, available at Framebridge, from $45

Most of us appreciate some nostalgia. Since your graduate may not feel like investing in a nice frame, frame a photo of their friends or some of their favorite memories from school or home, so they can take them anywhere.

A nice business card holder

Gift the Leatherology Business Card Case, available at Leatherology, $45 (+$10 for monogramming)

If they're entering a new career, they can hold their business cards in this polished cardholder. You can even opt to get it monogrammed, and it'll arrive ready in a gift box.

Healthier cereal that tastes like childhoodMagic Spoon cereal

Gift Magic Spoon Cereal, available at Magic Spoon, from $29.25

Magic Spoon tastes like the sugary cereal some of us daydreamed about as kids, but it's high in protein and low in carbohydrates. A childlike cereal for grown-ups is a fun gift and makes the transition to full-time adult a bit easier.

You can find a full Magic Spoon review here.

An office-ready blazer

Gift the Prince Blazer, available at Of Mercer, $248

A nice, reliable blazer that can be worn for everything from interviews to days in the office (if that's what your graduate's next chapter includes) is a classic wardrobe staple.

Or, if you'd rather leave the decision-making up to them, give them a gift card to a store like Everlane, Banana Republic, J. Crew, Nordstrom, or Universal Standard so they can shop for their own post-graduate clothing.

A gift card for the nights when they want an Uber home

Gift an Uber gift card, from $25

Whether they're heading into a new college town, starting a new job, or taking a gap year, there will be nights when it's more convenient or safer for them to Uber home. Make it an easier decision with a gift card for a ride home.

An excellent cookbook that’s tailored to beginners

Gift "How to Cook Everything: Simple Recipes for Great Food," available at Amazon, $18.97

Lots of graduates enter this new chapter with little cooking know-how. Mark Bittman's cookbook, which teaches the basics in a fun, digestible way for newcomers is one of the best gifts you can give for people who don't want to solely rely on takeout.

It even has a list of ingredients they might have in their fridge already — and recipes to make with them. We're personally big fans of the "How to Cook Everything" cookbook.

A reliable, convenient suitcase

Gift The Carry-On, available at Away, $275

An Away suitcase is a particularly thoughtful gift for grads living far from home or planning future travel. The cult-favorite luggage has an ejectable external battery that charges devices easily on the go, 360-degree wheels for no-hassle travel, and weighs only 7.6 pounds. Throw in packing cubes if you really want to go the extra mile.

Read our full review of Away suitcases here.

A French press your graduate can rely upon

Gift the Bodum Chambord French Press, available at Amazon, $25.99

If their new job or college major requires lots of early mornings, they'll probably appreciate a good cup of coffee. We love the Bodum Chambord French Press; it's timeless, compact, easy to operate, and entirely unfussy. It's also affordable — so they don't need to be too precious with it.

You can find all our favorite French presses here, though this is our number one pick.

A Disney+ membership

Gift a Disney Plus membership, $7.99 per month

We all occasionally want a break from being a grownup — and Disney Plus is a good place to do it. Disney Plus lets subscribers stream movies and shows from Disney, Pixar, Marvel, and more. You can also bundle it with Hulu and ESPN+.

An air fryer to make fast, delicious meals

Gift the Premium Airfryer XXL, available at Philips, $349.95

There's a reason people seem obsessed with air fryers recently. They're exceptionally convenient and can whip up everything from salmon and veggies to French toast sticks.

Shop our pick for the best air fryer, which heats up within seconds and turns out evenly crispy food with greater efficiency than an oven. If you're looking for something at a lower budget, we've got recommendations for that, too.

A nice suit

Gift an Indochino Gift Card, from $50

Suits — especially the nicer ones — are a large yet ultimately useful expense for most masculine dressers, even if it's only for special occasions rather than an everyday job. This is one gift your graduate will likely wear for years to come — and something they will likely need before they have the budget to afford it.

A gift card for ordering takeout

Gift a GrubHub gift card, from $25

They may not have the energy to cook every night after work or classes. Get them a gift card for the impending evenings in which takeout feels essential.

A travel-friendly speaker for listening to music

Gift the Sonos Move, available at Amazon, $399

We think the Sonos Move is one of the best Bluetooth speakers you can buy. It has excellent sound quality, a good battery life that can last up to 11 hours on the go, and convenient smart features such as connecting to smart assistants from Amazon and Google. It'll be useful for travel or for listening to music at home.

A cute, compact memento of school

Gift the College Dish Towel, available at Uncommon Goods, from $14.99

If they've just graduated from college, send them into their next chapter with a memento of their alma mater. We love this dish towel because it still leaves the major decor decisions up to the graduate. Plus, they'll use it frequently.

A facial cleansing brush that gets rid of grime gently

Gift the FOREO Luna 3, available at FOREO, $199

Foreo cleansing brushes are also one of the Insider Reviews All-Time Best products. The company claims it removes up to 99.5% of dirt and oil and gently buffs away dead skin cells, and both female and male reporters on our team loved the results. On top of being waterproof, rechargeable, and made from bacteria-resistant silicone, it leaves skin feeling clean and rejuvenated (like it's just had a mini massage). 

Timeless advice on how to lead a compassionate life

Gift "This Is Water," available at Amazon, $8.69

David Foster Wallace's "This Is Water" is a 2005 commencement speech he gave graduates at Kenyon College. In it, he discusses life's many inconveniences, challenges, and irritations — and how we might adopt a perspective that allows us to lead more compassionate, meaningful lives. 

A gift card to keep them active

Gift a ClassPass gift card, from $50

No matter what their work schedule looks like, it's important that your graduate still gets healthy exercise. Lower the barrier to entry and gift them a ClassPass gift card. With it, they can try tons of boutique fitness classes in their area — or, if they need to unwind, meditation sessions or spa days.

An excellent, personalized coffee subscription

Gift the Trade Coffee Subscription, available at Trade, from $40

If they like a great cup of coffee, they'll enjoy Trade. The coffee subscription service has a huge variety of coffee, and it's easy to customize based on their tastes. We ranked it as the best coffee subscription service you can join.

If they're a tea drinker, we'd also recommend checking out an Atlas Tea Club subscription.

Groceries delivered to their door

Gift an InstaCart gift card, from $25

Starting a new chapter can be exhausting, and they may be pulling long hours studying or working. We recommend a gift card to Blue Apron (our top pick for meal kits) or Instacart (our top pick for online grocery services) to do their grocery shopping for them. Both will show up at their doorstep.

A smart reusable notebook

Gift the Rocketbook, available at Amazon, $28.97

If your graduate goes through notebook after notebook, this reusable option offers a long-lasting solution. They can use the included pen to take notes, scan each page with an accompanying app to save the pages digitally, and then wipe away the notes to use the same page over and over again.

A membership to a meditation appHeadspace

Gift a membership to Headspace, available at Headspace, $69.99 per year

Give them the gift of a meditation app that can help give them the tools to destress, practice mindfulness (which has positive effects on personal happiness), and possibly improve their focus. 

A toolkit they will undoubtedly need in "real life"

Gift a 148-Piece Tool Kit, available at Amazon, $29.99

After graduation, the stress of a first apartment will include putting together furniture, Googling how to fix leaky faucets when your landlord avoids your calls, and enticing your friends to help you mount your living room TV with pizza. A toolbox may not be the most strictly "fun" gift, but it will absolutely be necessary — and they'll appreciate it for years to come.

A gift card to decorate their home as they choose

Gift a Target gift card, from $5

Gift a The Container Store gift card, from $25

Pick up a gift card to a store with affordable home goods such as Target or the Container Store so your graduate can organize and decorate their new space with less stress.

Read the original article on Business Insider

3 Democratic senators reportedly want Biden to hold off on student-debt cancellation so they can push him to go big

Fri, 05/13/2022 - 4:34pm  |  Clusterstock
Senate Majority Leader Charles Schumer, D-N.Y., and Sen. Elizabeth Warren, D-Mass., are seen after the Senate Democrats luncheon in the U.S. Capitol on Tuesday, October 19, 2021.
  • Sens. Elizabeth Warren, Chuck Schumer, and Raphael Warnock want Biden to hold off on student-debt cancellation, per Politico.
  • They want one last chance to meet with Biden and urge him to go big on broad relief.
  • Biden recently said he is not considering $50,000 in forgiveness, which the lawmakers pushed for.

Three Democratic senators want President Joe Biden to go as big as possible with student-loan relief — and that means urging him to wait on canceling any debt.

Politico reported on Friday that Senators Elizabeth Warren, Chuck Schumer, and Raphael Warnock are requesting Biden hold off on implementing any loan forgiveness via executive action until they can arrange a meeting with him, according to sources familiar with the matter. Per Politico, the three lawmakers want one last chance to push Biden to go as big as possible with relief, following the President's comments that he is not considering $50,000 in debt cancellation for federal borrowers.

"President Biden told the senator months ago he wanted to meet about this issue, and the senator wants to make sure the president hears why Georgians want strong debt relief before the White House takes any action," a Warnock spokesperson told Politico.

Schumer and Warnock's offices did not immediately respond to Insider's request for comment, and a Warren spokesperson declined to comment.

Schumer, Warnock, and Warren have consistently pushed for $50,000 in relief, and they have long argued that canceling student debt is something Biden can and should do using his executive authority. But Biden himself hasn't been quite so sure. While he pledged to approve $10,000 in forgiveness on the campaign trail, he expressed hesitancy with his authority to wipe out larger amounts of student debt early into his term. Now, it looks like he believes he does have authority to enact broad relief, telling reporters recently a decision on that relief will be made in coming weeks, but it's unclear how expansive it will be, or if it will be subjected to income limits.

But as Warren and her colleagues have maintained, the more relief the better. According to data obtained by Warren's office and recently provided to Insider, while canceling $10,000 in student debt would zero out balances for a third of borrowers, $50,000 in cancellation would wipe out debt for 72% of borrowers, or 30 million Americans.

"The more President Biden cancels, the more we narrow the racial wealth gap among borrowers and the bigger the boost to Americans' economic futures," Warren said in a statement. "This is the right thing to do."

Read the original article on Business Insider

'The Northman' stars Alexander Skarsgård as a vengeful Viking prince — here's how to watch the latest film from Robert Eggers

Fri, 05/13/2022 - 4:31pm  |  Clusterstock

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  • "The Northman" is the latest film from critically acclaimed director Robert Eggers.
  • It's based on the Scandinavian legend of Amleth, the direct inspiration for Shakespeare's "Hamlet."
  • You can now rent or buy "The Northman" from Prime Video, Apple TV, Vudu, and YouTube.
"The Northman" (Digital Purchase)$24.99 FROM AMAZON$24.99 FROM APPLE TV$24.99 FROM VUDU$24.99 FROM YOUTUBE

Director Robert Eggers is back with another period drama; this time it's one of epic proportions set in the era of Vikings. Called "The Northman," the new movie is now available to rent for $20 or buy for $25 from streaming retailers like Prime Video, Apple TV, Vudu, and YouTube.

"The Northman" tells the tale of a Viking prince (Alexander Skarsgård), dead set on avenging his father's murder. The movie is filled with stunning sets, bloody action, and impressive performances. Its plot is based on the medieval Scandinavian legend of Amleth, the same legend that inspired Shakespeare's "Hamlet." 

Check out 'The Northman' trailer

Written by Sjón and Robert Eggers, "The Northman" stars Alexander Skarsgård, Nicole Kidman, Claes Bang, Anya Taylor-Joy, Ethan Hawke, Björk, and Willem Dafoe. Eggers' previous directing credits include the critically acclaimed films "The Witch" and "The Lighthouse." 

How to watch 'The Northman'

You can watch "The Northman" through  digital retailers like Prime Video, Apple TV, Vudu, and Youtube. The movie is available to rent for $20 or purchase for $25. 


Digital purchases can be watched whenever you like and as many times as you like. If you rent the movie, you get 30 days to start watching it, and then 48 hours to finish after you hit play. Since the purchase option is only $5 more, it's currently the better deal. With that said, we expect the rental price to drop to around $6 over the coming months.

If you buy "The Northman," you may also want to consider a Movies Anywhere membership. This free service links different retail accounts — including Amazon, Apple, Google, Vudu, and Microsoft — so you can view your compatible movies across all of their apps. For example, if you buy "The Northman" from Amazon Prime Video and you have all your accounts linked on Movies Anywhere, you'll be able to stream it via the Vudu or Apple TV apps without paying any extra.

Is 'The Northman' worth streaming?

"The Northman" received critical acclaim. The movie currently holds an "89% Certified Fresh" rating on review-aggregation website Rotten Tomatoes, based on 317 reviews from critics.

As a fan of director Robert Eggers myself, I was very excited to catch "The Northman" in theaters, and I was not disappointed. The movie is visually stunning, with grand sequences marked by sweeping shots of Viking longboats traversing massive waterways, and more intimate scenes carried by provocative performances. The production also spotlights historical accuracy in every detail, including the villages, clothing, ceremonies, and weaponry. 

I highly recommend the movie to not only fans of Eggers' work, but also to those who may be skeptical of the genre. Compared to "The Witch" and "The Lighthouse," "The Northman" is a bit more accessible to mainstream audiences thanks to its straightforward, familiar plot and exciting action. Be warned though: this film is very graphic. 

How to watch 'The Witch' and 'The Lighthouse'

If you're interested in watching older films from director Robert Eggers, you can also find them streaming online. Both "The Witch" and "The Lighthouse" are currently on Showtime.

The two films star Anya Taylor-Joy and Willem Dafoe, respectively, both of whom return for roles in "The Northman."

Showtime Monthly Streaming Subscription$10.99 FROM SHOWTIME$10.99 FROM AMAZON

Read the original article on Business Insider

Calling a man 'bald' is sexual harassment, a UK tribunal rules

Fri, 05/13/2022 - 4:28pm  |  Clusterstock
Cropped shot of Asian man worried about his hair loss and baldness problem.
  • A UK tribunal decided that calling a man "bald" is sexual harassment in the workplace.
  • "Making remarks personal to the claimant about his appearance" crossed the line, the tribunal said.
  • The worker's pay out will be determined at a later date.

Calling a man "bald" in the workplace constitutes sexual harassment, a UK employment tribunal said in a ruling published Wednesday.

The tribunal said that referring to a man's hair loss is a form of sexual harassment as it is an issue that is more prevalent among men and therefore "inherently related to sex." The group cited a case from 1995 where a tribunal determined a woman had been sexually discriminated against based on comments from her manager on the size of her breasts.

The decision, a rare example of a complaint in which comments on a worker's hair loss was directly tied to sexual harassment, is the result of an employment tribunal. Tribunals, a system that the UK uses to resolve issues between employees and employers, are typically made up of a panel of independent judicial bodies that are led by a single judge.

It's unclear whether the case could set a precedent for future sexual harassment cases in the UK, though the verdict could be referenced in future suits.

The case was brought forward by Anthony Finn, who had worked for the manufacturer, The British Bung Company, for nearly 24 years. Finn accused his male supervisor, Jamie King, of harassing him and cited an alleged instance in 2019 when the supervisor called him "old," "bald," and an expletive.

"This is strong language," the ruling said. "Although, as we find, industrial language was commonplace on this West Yorkshire factory floor, in our judgment Mr King crossed the line by making remarks personal to the claimant about his appearance."

Finn argued in the complaint that he was "unfairly dismissed" in 2021 by the company, which manufactures cask closures for breweries. While Finn succeeded in some of his claims of unfair dismissal and sexual harassment, the tribunal determined that his own conduct had contributed to his dismissal and did not give credence to the worker's claims that he had also faced harassment based on his age, which was 30 years older than his supervisor.

The worker's compensation will be determined at a later date, per the ruling. The maximum award the tribunal can give workers for sexual harassment claims is between about $30,000 to just over $50,000, according to Citizens Advice, a UK organization that assists employees filing work complaints.

Read the original article on Business Insider

Pixel 6a vs. iPhone SE: Google is looking to one-up Apple's budget phone with improved features, like battery life and screen size

Fri, 05/13/2022 - 4:25pm  |  Clusterstock

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Google's budget Pixel 6a stacked against Apple's affordable iPhone SE.
  • The Google Pixel 6a and Apple iPhone SE 2022 are more affordable than their premium counterparts.
  • Both phones have excellent cameras and performance, and the major difference is screen size.
  • The Pixel 6a also has a larger battery than the iPhone SE that will likely last longer.
Google Pixel 6a$449.00 FROM GOOGLE

Apple iPhone SE (2022)$429.00 FROM APPLE

You have incredibly effective and reliable smartphone options if you don't want to spend the money that premium phone models demand.

The two top options that immediately come to mind are Apple's $429 iPhone SE 2022, and Google's $449 Pixel 6a on the horizon. These phones cost hundreds less than their premium counterparts, like the iPhone 13 or the Pixel 6, and the compromises manage to maintain an excellent phone experience.

Google announced the Pixel 6a during its Google I/O event on May 11, and I haven't had a chance to test it out yet. Still, you have time to decide, as the Pixel 6a isn't going to be available for preorder until July 21, and it'll become fully available on July 28. This breakdown should help you decide whether to hold off or just go for the iPhone SE, if you're shopping for a new budget phone.

Google Pixel 6a vs Apple iPhone SE 2022SpecificationGoogle Pixel 6aApple iPhone SE 2022Display6.1-inch OLED, 60Hz4.7-inch Retina LCD (1,334 x 750), 60HzProcessorGoogle TensorA15 BionicCameras12-megapixel (MP) main and ultrawide cameras12MP mainSelfie camera8MP7MP FaceTime cameraBattery and charging4,400mAh battery, 18W wired charging2,018mAh battery, 5 hours, 58 minutes in battery test. Up to 20W wired charging supported, Qi wireless chargingMemory (RAM) and storage8GB RAM/128GB storage4GB RAM (estimated) / 64GB, 128GB, 256GB storageBiometric authenticationIn-display fingerprint sensorTouch ID fingerprint sensorNetwork support5G (mmWave in select models), LTE, WiFi 6e, Bluetooth 5.25G, LTE, WiFi 6, Bluetooth 5.0Price$449$429Google Pixel 6a vs Apple iPhone SE 2022: Displays

The Pixel 6a has a much larger display at 6.1-inches — that's the same size as the standard iPhone 13. The Pixel 6a's display also uses an OLED panel that's superior to the LCD panel on the iPhone SE, thanks to per-pixel backlighting. 

Basically, OLED panels can create amazing contrast to make things pop on the display, as they can turn off individual pixels to create a totally black color compared to the gray-ish black you see on LCD panels.

Google Pixel 6a vs Apple iPhone SE 2022: Cameras

The Pixel 6a has a dual-lens camera system compared to the iPhone SE's single-lens camera. No doubt, the iPhone SE's single camera takes beautiful photos, but single camera systems are outdated and limited compared to the multi-camera phones that have become the standard today. 

Plus, Google has made a name for its phone cameras, which are typically among the best, or best of all, you can find.

And Google has some of the most unique and useful camera features, like Magic Eraser that lets you remove an unwanted object or subject from a photo. Google is even introducing a new version of Magic Eraser that also lets you change the color of an object to make it blend into the background if it distracts from what you're trying to capture.

Google Pixel 6a vs Apple iPhone SE 2022: Performance

The Pixel 6a runs on Google's Tensor processor that's also found in the premium Pixel 6 phones, so to an extent, I already know how well the Pixel 6a performs.

Right off the bat, it's not as powerful as Apple's A15 Bionic processor that's also found in the iPhone 13 series. In fact, I'm not aware of any mobile processor that's as powerful as Apple's products. 

With that said, the Google Tensor processor is plenty powerful for the majority of people who run popular apps and games. Plus, it helps power some of Google's unique, AI-based smart and camera features. 

Google Pixel 6a vs Apple iPhone SE 2022: Battery life

I'm also anticipating that the Pixel 6a will have significantly longer battery life than the iPhone SE. 

Last year's Pixel 5a lasted 14 hours and 34 minutes in our battery test, and the iPhone SE 2022 lasted a mere five hours and 58 minutes.

I'd be very surprised if the Pixel 6a has a much shorter battery life than the Pixel 5a, but only testing will confirm that, which will be underway .  

Google Pixel 6a vs Apple iPhone SE 2022: Which should you buy?

I haven't reviewed the Pixel 6a yet, let alone even checked it out in person, so I can't make a definitive recommendation here.

With that said, the Pixel 6a certainly has a lot going for it compared to the iPhone SE based on specs and my experience with Google's Pixel "a" models, particularly battery life. If you're at all on the fence regarding your next phone purchase, it may be worth holding out for these reasons. 

At the end of the day, it might not even matter if the Pixel 6a has more to offer hardware-wise. If you own other Apple products, like the Apple Watch or a Mac, and you like the way they all seamlessly work together, the iPhone SE is going to be your best bet. 

Apple iPhone SE (2022)$429.00 FROM APPLE

Google Pixel 6a$449.00 FROM GOOGLE

Read the original article on Business Insider

US stocks rise with the Nasdaq climbing more than 3% as risk assets rebound after days-long rout

Fri, 05/13/2022 - 4:06pm  |  Clusterstock
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 28, 2021.
  • The Nasdaq jumped over 3% as the major indexes regained some of their losses on a losing week of trading. 
  • The Dow jumped as much as 545 points while crypto, oil and other risk assets rallied. 
  • For the week, the Dow finished down 2.1%, the S&P 500 lost 2.4%, and the Nasdaq sank 2.8%.

US stocks ended Friday with steep gains, partly rebounding from an earlier rout, but the major indexes still closed the week with significant losses.

For the week, the Dow finished down 2.1%, the S&P 500 lost 2.4%, and the Nasdaq sank 2.8%. Cryptocurrencies also rebounded Friday following this week's meltdown, but bitcoin is notching its longest streak of weekly losses ever.

Here's where US indexes stood as the market closed 4:00 p.m. on Friday: 

Elon Musk is aiming to secure new financing for his $44 billion Twitter takeover bid so it's less risky and he's less directly responsible for it, according to a Bloomberg report. In gaining commitments from new investors, Musk could eliminate the need for a margin loan as well as the potential that he puts up more of his cash if Tesla stock sinks. 

Bank of America analysts wrote in a note that the market exodus has begun, but the bottom hasn't yet been reached. The "ultimate lows" are still on the way, according to the analysts.

In light of the recent crypto volatility, SEC Commissioner Hester Peirce said crypto regulation still needs to allow for trial and error in the market, and account for variations between stablecoins. 

Millions of customers are suing Coinbase, alleging that the crypto exchange misled them about a stablecoin's loss of a yen peg.

Meanwhile, Coinbase's CEO assured investors this week there was no question of bankruptcy — but it's junk bonds are now worth almost as little as Russia's.

Oil moved higher, with West Texas Intermediate up 3.63% to $110.87 a barrel. Brent crude, the international benchmark, moved up 3.67% to $111.39 a barrel. 

Gold edged lower 1.01% to $1,806.20 per ounce. The 10-year yield jumped more than 12 basis points to nearly 2.94%.

Bitcoin rose 4.90% to $29.930.54.

Read the original article on Business Insider

A new TikTok feature can tell you who's viewing your profile — here's how to turn it on

Fri, 05/13/2022 - 3:54pm  |  Clusterstock
You can see who views your TikTok profile, but others can see you too.
  • TikTok has a new feature that tells you who's viewed your profile.
  • To enable Profile View History, open your TikTok profile and tap the eye icon in the top-right corner.
  • While you have Profile View History on, other people will see when you visit their profile too.

TikTok has hundreds of millions of users, with more joining every day. If you're trying to grow a TikTok fanbase, don't you want to know which of those users are visiting your profile?

How to tell who's viewed your TikTok profile

There used to be no way to tell when someone looked at your TikTok profile. But a new feature changes that.

The Profile View History feature creates a list of the users who've visited your profile in the last 30 days. The catch is that it only lists users who also have Profile View History turned on.

This means that when you turn the feature on, it'll make you visible on other users' history lists. It's a two-way-street — if you get to see who's viewing your profile, other users get to see you too.

Here's how to turn it on.

1. Open TikTok and head to your profile page by tapping it in the bottom-right corner.

2. Tap the eye icon in the top-right, then select Turn on.

Select the eye icon.

Quick tip: If you don't see this icon, tap the three lines in the top-right, then Settings and privacy. Tap Privacy, then scroll down and tap Profile views. If you don't see this option either, make sure your TikTok app is updated.

3. You'll be given a list of everyone that's looked at your profile in the last 30 days. From this page, you can tap their usernames to view their profiles, or just tap Follow.

If you ever want to turn this feature off, open this list again and then tap the gear icon in the top-right.

You can view users profiles or follow them.Read the original article on Business Insider

13 best horror movies to stream on Friday the 13th, from 'The Shining' to 'Halloween'

Fri, 05/13/2022 - 3:50pm  |  Clusterstock

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  • Friday the 13th is the perfect time to put together your own horror movie marathon at home.
  • There are tons of scary movies on streaming services like HBO Max, Hulu, Prime Video, and Netflix.
  • You can stream some of our favorites right now, like "The Shining," "Freaky," "Hereditary," and more.

It's Friday the 13th, marking the start of the weekend and a great reason to watch some scary movies. There are tons of horror films available to stream on many popular services, from HBO Max to Paramount Plus.

Though there's no shortage of options, figuring out which spine-tingling films are worth your time can be tricky. With that in mind, we asked our reporters and editors to recommend some of their own personal favorites. Our picks run the gamut from slasher flicks to supernatural ghost stories, ensuring that there's something for every horror fan to enjoy.

Below, you can find all of our picks for the best horror movies you can watch right now. We've noted which streaming service you'll need for each recommendation, so you'll have no trouble setting up your own horror movie marathon. 

Check out the 13 best horror movies you can stream right now'The Shining' on HBO Max

Few horror movies are as iconic as Stanley Kubrick's "The Shining." Though it deviates a fair amount from Stephen King's classic novel, the movie carves out its own equally terrifying identity.

When a father (Jack Nicholson) takes his wife and young child to a secluded hotel, he's gradually driven mad by the evil spirits that reside there. Nicholson's unhinged performance is perfect, and the movie's haunting imagery will leave a lasting impact.

A sequel, titled "Doctor Sleep," was released in 2019, nearly 40 years after the original movie. It's also streaming on HBO Max and is worth watching if you're in the mood for a spooky double feature. — Steven Cohen, Senior Streaming Editor

"The Shining" holds an "85% Certified Fresh" rating on Rotten Tomatoes.

HBO Max Monthly Plan (ad-free)$14.99 FROM HBO MAX

'Willy's Wonderland' on Hulu

When you need a break from the jump scares and creeps, "Willy's Wonderland" is a fun watch that still has elements of horror. It stars Nicolas Cage as a wordless protagonist trapped in a Chuck E. Cheese-like restaurant for a night. The catch? All of the animatronic animals are possessed by evil spirits.

It's bloody, action-packed, and a great watch with friends, especially if you're a fan of the similar "Five Nights at Freddy's" video game series. — Sarah Saril, Tech Deals and Streaming Reporter

"Willy's Wonderland" received a 60% rating on Rotten Tomatoes.

Hulu Streaming Service$6.99 FROM HULU

'Train to Busan' on Peacock

I'm not the biggest fan of paranormal or supernatural horror movies, as I enjoy being able to sleep at night, but I do love an occasional zombie movie. "Train to Busan" is an emotional and jarring film about a zombie outbreak in South Korea.

It follows the story of a dad (Yoo Gong) and his daughter (Su-an Kim) who are on the last train to Busan — the safe city of the outbreak. It will truly have you on the edge of your seat the entire time. — Anna Popp, Home and Kitchen Fellow

"Train to Busan" received a "94% Certified Fresh" rating on Rotten Tomatoes.

Peacock Premium (Monthly Plan)$4.99 FROM PEACOCK TV

'Halloween' on AMC PlusJohn Carpenter and Debra Hill cowrote "Halloween."

If you're looking for a horror movie to watch, you really can't go wrong with "Halloween." This quintessential slasher flick remains terrifying more than 40 years after it first hit screens, and it's helped spawn a franchise with a dozen installments. 

The original release from 1978 remains the best, with excellent direction from John Carpenter, a harrowing performance by Jamie Lee Curtis, and the debut of one of horror cinema's most iconic villains, Michael Myers. 

You need AMC Plus or Shudder to stream the first film without commercials, but you can watch it for free on the Roku Channel if you don't mind ads. — Steven Cohen, Senior Streaming Editor

"Halloween" received a "96% Certified Fresh" rating on Rotten Tomatoes.

AMC Plus (Amazon Prime Video Channels)$8.99 FROM AMAZON PRIME VIDEO CHANNELS$8.99 FROM AMC

'Carrie' on Amazon Prime Video

Stephen King's "Carrie" from 1976 demonstrates what happens when you push a vulnerable teenager too far. Sissy Spacek plays the title character, a shy girl with telekinetic powers who is being bullied in high school.

She wants nothing but acceptance but her classmates won't let up. This leads to a terrifying finale at her prom, which has gone on to become one of the most iconic climaxes in horror movie history.

The film is critically acclaimed and widely recognized as one of King's best novel-to-film adaptations. "Carrie" has a "93% Certified Fresh" rating on Rotten Tomatoes. — Sarah Saril, Tech Deals and Streaming Reporter

Amazon Prime Video Monthly Subscription$8.99 FROM AMAZON PRIME VIDEO

'Freaky' on HBO Max

"Freaky" premiered on the big screen in November 2020 when many viewers were still hesitant to see films in theaters. With that in mind, it's possible you missed this fun horror flick during its initial release. The movie is now streaming on HBO Max and it's a worthwhile watch for anyone who likes slashers with a clever sense of humor.

The playful story puts a bloody spin on the classic "Freaky Friday" premise, as a serial killer (Vince Vaughn) and teenage girl (Kathryn Newton) switch bodies. What follows is an equal mix of scares and laughs.

The director's previous two horror movies, "Happy Death Day" and "Happy Death Day 2U," are also well worth seeking out, but they're not available on any major subscription services right now. — Steven Cohen, Senior Streaming Editor

Freaky" holds an "83% Certified Fresh" rating on Rotten Tomatoes.

HBO Max Monthly Plan (ad-free)$14.99 FROM HBO MAX

'Hereditary' on Showtime

For anyone in therapy or who attributes any of their psychological struggles to their upbringing, this movie is going to wreck you both emotionally and with some of the most frightening imagery ever filmed.

Written and directed by Ari Aster ("Midsommar"), the plot follows a struggling mother of two (played by Uma Thurman doppelganger Toni Collette) after the death of her abusive and mentally ill mother sends her into a depressive and supernatural spiral of generational trauma. — Joe Osborne, Senior Editor, Tech & Electronics

"Hereditary" received an "89% Certified Fresh" rating on Rotten Tomatoes.

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'The Evil Dead' on AMC Plus

Fans of low budget horror thrills should enjoy Sam Raimi's cult classic "The Evil Dead." The movie was one of the first supernatural horror flicks to popularize the now common "cabin in the woods" setup. Raimi uses this premise to create a bloody explosion of kinetic camera work as a group of friends accidentally summon deadly demons.

The movie makes the most of its cheap budget, proving that filmmaking ingenuity can trump million dollar special effects any day. Sure, it's rough around the edges, but that's all part of its enduring charm.

The movie's equally celebrated sequel, "Evil Dead II," might be even more entertaining, as Raimi dials up the camp to blend slapstick comedy with gory scares. — Steven Cohen, Senior Streaming Editor

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'The Taking of Deborah Logan' on Amazon Prime Video

At a glance, this film had the potential to be a very cheesy watch, but it ended up being very spooky! The premise involves a film crew following an elderly woman with Alzheimer's disease, but things take a supernatural turn.

Some of the scenes are so haunting, with imagery that still sticks behind my eyelids. It's a found footage type of movie, but I was pleasantly surprised to find that it didn't make me motion sick at all.  — Sarah Saril, Tech Deals and Streaming Reporter

"The Taking of Deborah Logan" holds a 91% rating on Rotten Tomatoes.

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'Mandy' on Shudder and AMC Plus

I love scary movies, and 'Mandy' is one of the most underrated horror flicks ever made. The film takes place in the 1980s and stars Nicolas Cage as a man named Red. When a hippie cult kidnaps Red's wife Mandy (played by Andrea Riseborough), he seeks revenge while learning about the group's twisted pseudo-religious psychedelic practices.

Composer Jóhann Jóhannsson's score is marvelous, and the cinematography keeps you transfixed. I loved the movie so much, I splurged on a novelty box of mac and cheese inspired by it. — James Brains, Home and Kitchen Reporter

"Mandy" received a "90% Certified Fresh" rating on Rotten Tomatoes.

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'Psycho Goreman' on AMC Plus

A gore-filled horror comedy with nostalgic practical effects, "Psycho Goreman" follows two kids who unintentionally summon an ancient alien with a thirst for blood. Contrary to everything you might expect, the kids turn the tables by holding the alien hostage and treating him as a glorified, bulletproof servant. They even dress him up as a handsome cowboy. 

The plot is fun and wacky, but my personal favorite aspect of the movie is its use of over-the-top practical effects. It's like watching classic "Power Rangers," but from the perspective of the villains, in all of their cheesy extravagance. — Sarah Saril, Tech Deals and Streaming Reporter

"Psycho Goreman" received a "92% Certified Fresh" rating on Rotten Tomatoes.

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'Pulse' on AMC Plus

A cult-classic from Japan, "Pulse" uses two parallel storylines that eventually collide. The plot follows a supernatural and technological phenomenon sweeping the country, resulting in people disappearing. Atmospheric, spooky, and more than a little confusing, it's hard to explain the story without giving too much away. If you're a fan of films like "Parasite" or "Hereditary," I suggest you give "Pulse" a try. 

"Pulse" isn't a perfect movie, but it has some very haunting scenes and moments that are still imprinted behind my eyelids. Though it isn't filled with gore or jump scares, the film instead builds up an overwhelming sense of dread, that by the end, is inescapable. — Sarah Saril, Tech Deals and Streaming Reporter

"Pulse" received a "75% Certified Fresh" rating on Rotten Tomatoes.

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'It Follows' on Netflix

I heard a lot of jokes about this movie before I ever watched it, and while its premise — a sexually-transmitted curse — is joke worthy, "It Follows" is easily one of the most haunting films I've seen to date. It does more than build up a sense of doom over the movie's duration; it also really makes you feel the horror of being a teenager trapped in suburbia. 

"It Follows" has its jump scares, but I think the scariest aspect is the environment the film creates to make you feel cornered, hopeless, and distrusting of strangers. After watching this one, I had a hard time walking through my own neighborhood in broad daylight without feeling tense. — Sarah Saril, Tech Deals and Streaming Reporter

"It Follows" received a "96% Certified Fresh" rating on Rotten Tomatoes

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Texas Supreme Court questions Gov. Abbott's authority to order investigations into parents of transgender children — but allows abuse probes to continue

Fri, 05/13/2022 - 3:07pm  |  Clusterstock
Texas Governor Greg Abbott speaks during the Houston Region Business Coalition's monthly meeting on October 27, 2021 in Houston, Texas.
  • The Texas Supreme Court reversed an injunction that directed the state from conducting investigations into the use of gender-affirming care for transgender children.
  • Still, the court found that Gov. Greg Abbott did not have the authority to order the investigations. 
  • Abbott ordered state's family services agency to conduct investigations in Feburary.

The Texas Supreme Court on Friday reversed an injunction that barred the state from conducting investigations into the use of gender-affirming care for transgender children as child abuse — even as it found that Texas Gov. Greg Abbott didn't have the authority to order the investigations in the first place.

The court found that neither Texas Attorney General Ken Paxton nor Gov. Greg Abbott could direct the state's Department of Family and Protective Services to conduct investigations into gender-transitioning procedures. 

However, the Republican justices still allowed the investigations to move forward by throwing out a lower court ruling.

In its ruling, Texas' high court said, "Just as the Governor lacks authority to issue a binding 'directive' to DFPS, the court of appeals lacks authority to afford statewide relief to nonparties."

The court continued: "The Governor and the Attorney General were certainly well within their rights to state their legal and policy views on this topic, but DFPS was not compelled by law to follow them."

In Feburary, Abbott, a Republican, ordered the state's family services agency to conduct investigations into parents who authorize gender-affirming care for transgender children.

The move came after after Paxton, also a Republican, issued a formal opinion stating that providing gender-affirming medical treatments like puberty blockers and gender-reassignment surgery to youth is "child abuse" under state law. 

In a letter to the state's family services agency, Abbott cited Paxton's opinion, saying that "a number of so-called 'sex change' procedures constitute child abuse under existing Texas law."

Abbott noted in the letter that licensed professionals like doctors, nurses, and teachers may face criminal penalties "for failure to report such child abuse."

A Texas appeals court later temporarily blocked the state from investigating the parents of transgender children. 

"The court of appeals abused its discretion by using Rule 29.3 to issue a statewide order," the Texas Supreme Court said in its ruling on Friday. 

The Texas Supreme Court's ruling was in response to a lawsuit brought against Texas by the family of a 16-year-old transgender girl who was being investigated by the state.

"Today's decision is a win for our clients and the rule of law," the American Civil Liberties Union, the ACLU of Texas and Lambda Legal, who represents the family, said in a statement on Friday. 

"The Texas Supreme Court made clear that the attorney general and governor do not have the authority to order DFPS to take any action against families that support their children by providing them with the highest standards of medical care."

Though the Texas Supreme Court ruled that the state's investigations into the use of gender-affirming care for transgender children could continue, it put the state's investigation into the family of the 16-year-old on hold. 

The organizations representing the family said: "The court rejected the attorney general's arguments that our lawsuit should be dismissed and affirmed that DFPS is not required to follow the governor's directive or the attorney general's non-binding opinion."

"Though the court limited its order to the [plaintiffs], it reaffirmed that Texas law has not changed and no mandatory reporter or DFPS employee is required to take any action based on the governor's directive and attorney general opinion," they said. 

Paxton also viewed the ruling as a win. 

"Just secured a win for families against the gender ideology of doctors, big pharma, clinics trying to 'trans' confused, innocent children," Paxton said in a tweet. "SCOTX green-lighted investigations that lower Dem courts froze 'Transing' kids through surgery/drugs is abuse & I'll do all I can to stop it."

Read the original article on Business Insider

US lawmakers decry Israeli forces for attacking the funeral procession of slain Palestinian-American journalist Shireen Abu Akleh: 'This is just cruel'

Fri, 05/13/2022 - 2:59pm  |  Clusterstock
Israeli police in East Jerusalem beat mourners in the funeral process of slain journalist Shireen Abu Akleh on May 13, 2022.
  • Israeli police beat mourners in the funeral procession of a prominent Al Jazeera journalist.
  • Bernie Sanders decried the incident as an "outrage," while Ilhan Omar said it was "just cruel."
  • Al Jazeera and eyewitnesses say Israeli forces shot and killed Palestinian-American journalist Shireen Abu Akleh.

Congressional lawmakers and both current and former US diplomats expressed outrage after footage emerged showing Israeli police officers beating mourners in the funeral procession of slain Al Jazeera journalist Shireen Abu Akleh in East Jerusalem on Friday. 

"The attack by Israeli forces against mourners at the funeral of Palestinian journalist Shireen Abu Akleh is an outrage," Sen. Bernie Sanders of Vermont said on Twitter, adding, "The United States must condemn this, and demand an independent investigation into her killing."

"This is just cruel," Democratic Rep. Ilhan Omar of Minnesota said in a tweet. 

Sen. Chris Murphy of Connecticut, a top Democrat on the Senate Foreign Relations Committee, in a tweet responding to the footage said, "This is awful to watch."

A picture of Al Jazeera reporter Shireen Abu Akleh, who was killed by Israeli army gunfire during an Israeli raid, according to the Qatar-based news channel, is displayed, in Doha

The Biden administration also weighed in on the funeral attacks. Linda Thomas-Greenfield, the US ambassador to the UN, said she was "deeply distressed" by the images.

"The tragedy of her killing should be handled with the utmost respect, sobriety, and care," Thomas-Greenfield said via Twitter.

"We regret the intrusion into what should have been a peaceful procession," White House press secretary Jen Psaki said on Friday, calling the footage of Israeli police attacking mourners "deeply disturbing."

Abu Akleh, a Palestinian-American journalist who was well-known and respected across the region, was shot and killed in the West Bank on Wednesday while reporting on Israeli military raids in the city of Jenin. Eyewitnesses said Abu Akleh was shot by Israeli forces. Al Jazeera also explicitly blamed the killing on Israeli forces, decrying it as "a blatant murder, violating international laws and norms." 

Israeli Prime Minister Naftali Bennett suggested that the slain journalist may have been shot by Palestinians. But Israeli Defense Minister Benny Gantz later said that Abu Akleh was possibly killed due to fire from "our side."

In a statement, Israeli police said they were "forced to act" after "rioters began throwing stones toward the policemen," per the New York Times.

—Chris Murphy (@ChrisMurphyCT) May 13, 2022—Ilhan Omar (@IlhanMN) May 13, 2022

Aaron David Miller, a former US diplomat who advised multiple secretaries of state on the Middle East, said in a tweet that regardless of what an investigation into Abu Akleh's death reveals the Israeli government has "already lost" the "battle for public opinion."

"Hard to imagine any greater self-inflicted wound than scenes of Israeli police attacking Palestinians, including those carrying her coffin," Miller added.

The Israeli government has proposed conducting a joint investigation into Abu Akleh's killing, but the Palestinian Authority refused.  

"Israel requested a joint investigation and the handing over of the bullet that assassinated the journalist Shireen, and we refused that, and we affirmed that our investigation would be completed independently, and we will inform her family, America, Qatar and all official authorities of the results of the investigation," Palestinian Authority Civil Affairs head Hussein al-Sheikh said via Twitter.

The US State Department has urged for an "immediate and thorough" investigation of Abu Akleh's killing, stopping short of endorsing an independent inquiry. 

UN human rights experts on Friday demanded an "independent, impartial, effective, thorough and transparent investigation" into Abu Akleh's killing. "The killing of Abu Akleh is another serious attack on media freedom and freedom of expression, amid the escalation of violence in the occupied West Bank," the experts said. 

Read the original article on Business Insider

Elon Musk wants to change how he funds his Twitter takeover so it's less risky and he's directly responsible for less of it

Fri, 05/13/2022 - 2:53pm  |  Clusterstock
Elon Musk.
  • Elon Musk is attempting to get preferred equity financing for his Twitter takeover, Bloomberg reported Thursday. 
  • The Tesla chief has secured investors to take up much of his margin loan already, and he's looking to get more backing. 
  • Prior to the refinancing, the Twitter deal hinged on the stability of Tesla's stock, which Musk had staked as collateral. 

Elon Musk is attempting to restructure how he finances his $44 billion Twitter takeover to eliminate the need for a margin loan backed by some of his Tesla stock, Bloomberg reported Thursday

According to the report, Musk's advisors, led by Morgan Stanley, are trying to get investors to put up $6 billion in preferred equity financing. This would help reduce Musk's own exposure to the deal, and reduce the risk in the event that Tesla's stock — his collateral for the margin loan — drops. 

Initially, Musk had moved to prepare a $12.5 billion margin loan for his takeover bid, but equity commitments from investors including Larry Ellison and Sequoia Capital helped slash that number in half to $6.25 billion. 

Now, sources tell Bloomberg that the Tesla chief has secured commitments for another $1 billion in equity and could still pull in more funding. 

If he can draw enough new money to back his bid, Musk may be able to eliminate the margin loan altogether.

Investors and observers had grown worried that a potential decline in Tesla stock would force Musk to shelve the Twitter bid if he got hit with a margin call and was forced to put up more of his own cash. Musk had pledged some of his shares of the electric car company to secure billions of dollars in loans from various banks to get the deal done, as well as $20 billion of his own money. 

Musk would have had to pull more money from his own coffers if Tesla's stock fell below $740, according to Bloomberg calculations. The more the stock fell, the more of his own money Musk would have to put up. 

Musk tweeted early Friday that his bid for the social media company was "on hold", before later reiterating that he's still committed to the acquisition. 

With shares of Twitter plunging as much as 25% Friday, Wedbush's Dan Ives called it a "circus show." 

Ives said it's possible the deal gets renegotiated at a lower price, or he could possibly decide to pay the $1 billion break up fee and simply walk away. 

Read the original article on Business Insider

This $59 million mansion on the high-security Miami island known as 'Billionaire's bunker' is now accepting payment in Bitcoin — check it out

Fri, 05/13/2022 - 2:41pm  |  Clusterstock
  • A $59 million mansion on a 300-acre island in Miami is now accepting Bitcoin as payment.
  • The listing could set a new record for the most expensive real estate bought with cryptocurrency. 
  • It's located in "Billionaire's Bunker," a high-security enclave home to Tom Brady and Ivanka Trump. 
This $59 million mansion in Miami's star-studded Indian Creek neighborhood is now accepting payment in Bitcoin.A rendering of 37 Indian Creek in Miami Beach, FL.It could be the most expensive real estate purchase ever made in cryptocurrency, as Forbes first reported. The record is currently held by a penthouse in nearby Surfside, which was bought by an unnamed buyer last year for $22.5 million in crypto.A living room in Surf side's Arte condominium. One of its floor-through penthouses sold for $22.5 million in cryptocurrency last year.

Source: Forbes, Insider

The mansion sits on a 300-acre island known as "Billionaire's Bunker" connected to Surfside, Miami by a single bridge. The only entrance is patrolled by members of the community's private police force.

Source: Insider

The wealthy enclave earned its name thanks to its high-profile residents including Tom Brady, Gisele Bündchen, Ivanka Trump, Jared Kushner, and Enrique Iglesias.Tom Brady and Gisele Bündchen attend The 2019 Met Gala.It borders the Indian Creek Golf Course, home to an exclusive country club that was accused of discriminating against Black and Jewish residents in the early 2000s, local outlets reported. The club denied the allegations, according to The Wall Street Journal.

Source: Orlando Sentinel (2000), Wall Street Journal

Developer Todd Michael Glaser bought 37 Indian Creek Island Road for $24 million last summer from the TV host known as "Don Francisco," per the Miami Herald.

Source: Miami Herald

The original home will be demolished and replaced with a "tropical modern playhouse," a spokeswoman for Glaser told Insider. It's scheduled to be move-in ready within 18 months.The new construction includes 12 beds and 13.3 baths, 12-feet tall ceilings, a club room, chef and prep kitchens, a media room, and a gym studio.

Source: Douglas Elliman

The spec home also features a four-car garage, pictured in the digital rendering below.Rendering of 37 Indian Creek Island Road in Miami Beach, FL.Its backyard contains "lush landscaping," 134 feet of water frontage, a large deck, pool, and tanning beds, the listing says.When asked why he decided to accept bitcoin for this project, Glaser said: "If Gucci accepts bitcoin, then Todd Michael Glaser will too.""I think this would be a game-changer for the industry," the listing's realtor, Dina Goldentayer, told Insider. "As more methods of crypto conversion become popularized, and sellers become more comfortable with the process, buying and selling real estate with crypto is bound to become more common."The Miami Bull is shownThe announcement comes amid a volatile week for bitcoin, which dropped 50% in value from its record-high on Thursday. But Glaser sees this as a potential upside for the listing as crypto holders may be looking to cash in and buy hard assets, he said.A Bitcoin coin lies on a screen showing the BitcoinGoldentayer believes the home will attract "a large family or a tech bachelor with an extended entourage who wants the highest level of luxury and privacy" and has a love for modern architecture.Douglas Elliman's Dina GoldentayerRead the original article on Business Insider

The market exodus has begun. But for true capitulation, watch for 'investors selling what they love,' says BofA.

Fri, 05/13/2022 - 2:38pm  |  Clusterstock
  • A market exodus has begun but the lows haven't been reached yet, Bank of America said in a report
  • "Are We There Yet? No…fear & loathing suggest stocks prone to imminent bear market rally but we do not think ultimate lows have been reached..."
  • Actual capitulation won't be apparent until the market sees "investors selling what they love."

The recent market rout signals an investor exodus has begun, but a true bottom hasn't been reached yet, Bank of America strategists wrote in a note Thursday.

The report by BofA's Michael Hartnett with Shirley Wu and Myung Jee-Jung said the collapse in crypto and speculative tech stocks now rivals declines seen during the dot-com bust and the global financial crisis. Overall, weekly outflows were seen in stocks, bonds, gold and cash. 

But that doesn't mean capitulation — an indicator of a market bottom that some traders use as a sign that a rebound will begin — has arrived.

"Are We There Yet? No…fear & loathing suggest stocks prone to imminent bear market rally but we do not think ultimate lows have been reached, nor ultimate highs in yields," BofA wrote, pointing out that current conditions haven't fully met its capitulation checklist.

For now, capitulation has progressed much further in the credit market than in stocks, adding that "risk-on will appear first in bonds not stocks," the analysts said. 

They argue that actual capitulation won't be apparent until the market sees "investors selling what they love."

One place to look may be Apple, which was a bull market darling but is in the midst of a bear market that follows a broader selloff trend.

Still, despite coming well off its high, the stock has yet to breach its 100-day moving average of $137, BofA said. Apple shares fell as low as $138.84 on Thursday but rebounded to $147 on Friday.

Read the original article on Business Insider

Apple is reportedly testing iPhones that would swap lightning ports for the more common USB-C

Fri, 05/13/2022 - 2:26pm  |  Clusterstock
  • Apple is testing an iPhone with a USB-C port instead of a lightning port, Bloomberg reported Friday.
  • USB-Cs are more common and are already used in some of Apple's devices, the outlet noted.
  • The move comes amid the European Union's call for a universal port. 

Apple is testing an iPhone that would strike down one of the device's most unique features: the lightning port, according to a report from Bloomberg Friday.

Bloomberg cited people "who asked not to be identified because the matter is private." 

The iPhones in testing would instead have the USB-C port, the story said. 

USB-C ports are "now found on all manner of devices, from simple external hard drives to high-end laptops and the latest smartphones," according to an explainer from PCMag

iPhones have long been known for having special connectors. As Bloomberg notes, the device has swapped ports twice now.

The USB-C initiative comes as the European Union creeps closer to enforcing USB-C's as a nearly universal port, which Apple has spoken out against, according to MacRumors.

The EU's proposal would also be particularly tough on Apple compared to other companies, but the idea is to limit carbon footprint and make life easier for consumers, Insider has previously reported

In the last few days, there were some booms of speculation that lightning's days were numbered, from analyst Ming-Chi Kuo, per The Verge

"It's expected to see existing USB-C-related suppliers of Apple's ecosystem (e.g., IC controller, connector) become the market's focus in the next 1-2 years, thanks to vast orders from iPhones and accessories' adoption of USB-C ports," Kuo wrote in a Tweet. 

There's definitely evidence of public interest in an iPhone with a more widely used port.

An engineering student created the first known iPhone with a USB-C port, and the auction price hit $85,000 at one point, Insider previously reported.

Its final selling price was $86,001, The Verge reported

Apple did not respond to a request for comment. Nor did the European Union.

Read the original article on Business Insider

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