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Showing posts from June, 2024

Beryl 2024: Atlantic's First Hurricane Forms - Track Its Predicted Path

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 Hurricane Beryl formed Saturday afternoon east of the Caribbean, becoming the first Atlantic hurricane of the 2024 season, and forecasters warn it could quickly strengthen into a Category 3 major hurricane as it barrels toward the Caribbean and the Gulf of Mexico.  Beryl strengthened from a tropical storm as it packed maximum sustained winds of 75 mph as of Saturday afternoon, according to the National Oceanic and Atmospheric Administration’s National Hurricane Center. The hurricane is traveling west at 22 mph, and is expected to turn into a “dangerous major hurricane” and reach the Windward Islands—a group of Caribbean islands including Martinique, Grenada and Dominica—by late Sunday or Monday, the NHC said. NHC forecasters expect Beryl to bring heavy rain and winds, as well as a dangerous storm surge, with Barbados already facing a hurricane warning while hurricane watches are in effect for St Lucia, Granada and St. Vincent and the Grenadine Islands. By Monday night, AccuWeather met

Billionaire Backers React To Biden's Debate Performance: Cuban Considers Replacement, Hoffman Calls For Calm

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 President Joe Biden’s shaky performance in CNN’s presidential debate Thursday night sparked an outcry of concern from Democratic pundits and some donors, and at least one billionaire who has shown support for Biden is now questioning whether another Democrat should take his place to challenge former President Donald Trump.  Billionaire investor, Dallas Mavericks minority owner and “Shark Tank” host Mark Cuban (worth $5.4 billion according to Forbes’ estimates), a Biden supporter who attended a Biden fundraising event in March, told CNN Saturday he wants to see polling to “find out if there are any potential replacements” who could outperform Trump in a hypothetical matchup. Cuban, who previously supported former South Carolina GOP Gov. Nikki Haley in the GOP primary, told the outlet it’s “worth considering” a replacement for Biden to “step in and immediately change the race.” In a post on X Friday morning, Cuban added Biden’s “performance was awful” and the 81-year-old appeared “feebl

Tropical Storm Beryl Forms In Atlantic—Potential Major Hurricane On The Horizon: Here's Its Projected Path

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 Tropical Storm Beryl formed Friday night east of the Caribbean and could become the first hurricane of the 2024 Atlantic storm season, and possibly a Category 3 major hurricane as it barrels toward the Caribbean and the Gulf of Mexico.  Beryl, the second tropical storm of the season, packs maximum sustained winds of 60 mph as of Saturday morning, traveling west at 21 mph toward the Windward Islands, a group of Caribbean islands including Martinique, Grenada and Dominica, according to the National Oceanic and Atmospheric Administration’s National Hurricane Center. National Hurricane Center forecasters expect the storm to strengthen into a hurricane by the time it reaches the Windward Islands on Sunday, bringing heavy rain and winds, as well as dangerous storm surge, with Barbados already issuing a hurricane watch. By Monday night, AccuWeather meteorologists warn the hurricane could pick up enough strength to be classified as a Category 3 major hurricane (sustained winds of at least 111

Trump Media Stock Soars In Pre-Market After Presidential Debate Performance

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  Shares of Trump Media & Technology Group jumped more than 10% at times during pre-market trading Friday morning, following the highly anticipated debate between former President Donald Trump and President Joe Biden that most pundits say went disastrously for the sitting president.  Shares of Trump Media, parent company of Truth Social traded under $DJT, were up 9.72% at $40.30 as of 8:59 a.m. EDT. The stock was up as much as 13% during one point of pre-market trading. Biden faced off in the first debate of the 2024 election Thursday night, where the two candidates traded jabs and sparred over the economy, abortion and immigration, among other things—and Biden’s shaky performance has led to calls for him to drop out of the race. We estimate Trump’s net worth to be about $6.1 billion as of Friday morning. Trump owns about a 65% stake in Trump Media and Technology Group. Trump Media went public in late March in a reverse merger with Digital World Acquisition Corp., nearly two years

Tragedy Strikes Delhi Airport: Roof Collapses Amid Near-Record Rainfall, Leaving 1 Dead

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 A section of the roof at a terminal at India’s busiest airport in New Delhi collapsed after heavy rainfall on Friday, killing at least one person, according to local fire officials, the latest public infrastructure in India tested by the country’s monsoon season.  A canopy over Terminal 1 at the Indira Gandhi International Airport in New Delhi partially collapsed around 5 a.m. local time, the airport said, which Delhi Fire Services said crushed cars, including some taxis. The collapse resulted in all domestic flights being delayed or canceled, while Ram Mohan Naidu Kinjarapu, India’s minister of civil aviation, said rescue operations were underway at the terminal. At least eight people were hospitalized with injuries and up to 12 cars were damaged in the incident, airport officials told Reuters. New Delhi received nearly nine inches of rain in the hours leading up to Friday morning, which is more than the city’s average rainfall for all of June, according to the India Meteorological D

Inflation Falls To Lowest Point Since March 2021, Key Indicator Reveals

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 A key inflation measure fell to its lowest level in more than three years last month, but there’s still plenty of work remaining to get price increases down to the historically acceptable level.  The personal consumption expenditures index rose 2.6% from May 2023 to May 2024, according to Commerce Department data released Friday. That matches consensus economist forecasts of 2.6% inflation, according to FactSet, dipping from April’s 2.7%. The arguably more important core PCE index, which measures how much Americans spend monthly on items other than food and energy, slipped to 2.6%, in line with estimates of 2.6% and hitting the lowest level since March 2021. The PCE index was flat from April to May, the first time there’s been no month-over-month change in the index since November, a strong sign as personal income rose 0.4% month-over-month. Investors, who desire lower inflation to support potential interest rate cuts, reacted positively to the release, with S&P 500 futures up clo

Concerns Mount As OpenAI’s ChatGPT And Microsoft’s Copilot Allegedly Disseminate Misinformation During Presidential Debate

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 AI chatbots ChatGPT and Copilot spread a debunked claim about the first presidential debate between President Joe Biden and former President Donald Trump, NBC News reported Friday, highlighting the potential election risks the popular tools pose as companies struggle against a rising tide of misinformation and conspiracy theories online.  OpenAI’s ChatGPT and Microsoft’s Copilot, two of the most popular generative AI chatbots, spread a false and debunked claim about the broadcast of the presidential debate, NBC reported. The chatbots replicated a conservative writer’s baseless assertion that debate broadcaster CNN would air the event with a “1-2 minute delay” as opposed to the “standard 7-second delay.” Though CNN promptly rejected the claim as “false” and reasserted the debate’s 9 p.m. EST start time, the allegation ignited speculation the broadcaster could edit and manipulate footage before it was seen by the public. NBC tested the chatbots’ accuracy on Thursday evening by asking th

Supreme Court Rectifies EPA Ruling After Gorsuch Mixes Up Laughing Gas With Air Pollutant

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 The Supreme Court issued a corrected version of its opinion in an environmental case Thursday after Justice Neil Gorsuch, who penned the court’s opinion, confused the air pollutant at issue with nitrous oxide—also known as “laughing gas.”  The court revised its opinion in Ohio v. Environmental Protection Agency, a 5-4 ruling released Thursday in which the court temporarily blocked an EPA policy requiring “upwind” states to reduce air pollution that travels down to “downwind” states and affects the air quality there. Gorsuch—and his clerks, who would have helped prepare the opinion—referred five times in his opinion to “nitrous oxide,” which is a greenhouse gas that’s more commonly known as an anesthetic and referred to as “laughing gas.” The opinion actually meant to refer to “nitrogen oxide,” an air pollutant that the EPA’s policy at issue was aimed at reducing. The court issued a corrected opinion that fixed the error throughout the ruling, after the mistake gained traction on socia

SpaceX Reportedly Valued At Around $210 Billion In Planned Secondary Market Share Sale

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 Elon Musk’s SpaceX is readying an insider share sale in a tender offer that values the commercial rocket company at above $200 billion, Bloomberg reported late Wednesday, amid a string of successes in the past year, including multiple crewed launches and receiving the contract to bring down the soon to be decommissioned International Space Station. Citing sources familiar with the matter, Bloomberg reported the planned tender offer values each of SpaceX’s shares at a “higher-than-expected” $112—slightly higher than the $108 to $110 price reported by the outlet last month. The transaction would value the company at around $210 billion. The size of the share sale has reportedly not been finalized yet and will likely be determined based on interest from both existing shareholders and outside buyers. The purported valuation of $210 billion makes SpaceX the world’s second most valuable startup, as it closes its gap with TikTok’s Beijing-based parent company ByteDance. In December, ByteDanc

Trump-Biden Debate Set To Sway Voters: New Poll Reveals Potential Shift Of 16%

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 Former President Donald Trump is up four points over President Joe Biden in a new poll released on the eve of the first presidential debate, but 16% of voters could change their preference based on what happens in Thursday’s debate, underscoring the high stakes of the face-off. Trump leads Biden 49% to 45% in the Quinnipiac University poll released Wednesday, a slight shift from the group’s May poll that showed Biden leading by one point. Trump leads by an even wider margin, six points, with third-party candidates, independent Robert F. Kennedy Jr. and Cornel West, and Green Party candidate Jill Stein, on the ballot. Nearly three-quarters, 73%, of voters say they’ll watch Thursday’s debate between Biden and Trump Thursday on CNN—and the debate could serve as a rare opportunity to shake up the election, especially among Kennedy supporters who may prove crucial in such a tight race. Some 13% of Biden supporters, 12% of Trump supporters and 32% who say they’ll vote for Kennedy (who won’t

Bolivia’s Military Breaches Presidential Palace With Troops, Tank—What We Know About The Potential Coup

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  Soldiers stand guard outside the presidential palace in Plaza Murillo in La Paz, Bolivia Bolivian Army forces surrounded government buildings in the country’s capital of La Paz on Wednesday, according to  multiple   outlets , breaching Bolivia’s presidential palace with the help of an armored vehicle and receiving condemnation from President Luis Arce, who is resisting what he called an attempted coup. KEY FACTS General Juan José Zúñiga, who was stripped of his command last week, did not say he was spearheading a coup, telling journalists before entering the presidential palace that the army sought to restore democracy and free political prisoners, according to the  Associated Press . Arce  confronted Zuñiga  in the palace, ordering the general to withdraw his soldiers, the Associated Press reported, and Zuñiga said he still recognizes Arce as Bolivia’s commander-in-chief “for now.” Military leadership appointed by Arce during the incident ordered the Zuñiga-led troops to return home

Paris Hilton Was Back On Capitol Hill Talking About Child Abuse—Here's Why

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  US media personality Paris Hilton arrives to testify at a House Committee on Ways and Means hearing  on "Strengthening Child Welfare and Protecting Americas Children," on Capitol Hill in Washington, DC, on June 26. Paris Hilton testified before the House Wednesday on the importance of modernizing child welfare programs—a cause she has been vocal about in recent years after opening up about her own trauma and abuse from facilities she stayed in as a teenager. KEY FACTS Hilton, 43, made her third appearance on Capitol Hill on Wednesday—following one in  2022  and one in  2023 —when she spoke before the House Ways and Means Committee, which is tasked with shaping fiscal legislation around taxes, tariffs and social service programs. In her opening remarks, she  spoke  about her time in “youth residential treatment facilities,” saying she was “ripped from her bed in the middle of the night” at age 16 and taken to one of four facilities she spent time at. Hilton told lawmakers sh

Trump-Biden Debate Could Shake Up The Race—Changing 16% Of Voters’ Minds, New Poll Says

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  Then-President Donald Trump and then-Democratic Presidential candidate Joe Biden during the final  presidential debate of the 2020 campaign at Belmont University in Nashville, Tennessee, on October 22, 2020. Former President Donald Trump is up four points over President Joe Biden in a new poll released on the eve of the first presidential debate, but 16% of voters could change their preference based on what happens in Thursday’s debate, underscoring the high stakes of the face-off. KEY FACTS Trump leads Biden 49% to 45% in the Quinnipiac University  poll  released Wednesday, a slight shift from the group’s May poll that showed Biden leading by one point. Trump leads by an even wider margin, six points, with third-party candidates, independent Robert F. Kennedy Jr. and Cornel West, and Green Party candidate Jill Stein, on the ballot. Nearly three-quarters, 73%, of voters say they’ll watch  Thursday’s debate  between Biden and Trump Thursday on CNN—and the debate could serve as a rare

A.I. Al Michaels? NBC Will Use Legendary Broadcaster’s A.I.-Generated Voice For Paris Olympics

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  NBC will use an A.I. generated voice of Al Michaels for the 2024 Summer Olympics. NBC Universal will use an A.I.-generated version of longtime sports play-by-play broadcaster Al Michaels in its summer Olympics coverage in Paris, the media conglomerate  announced Wednesday , bringing artificial intelligence to the games—with the help of a 79-year-old known for years as one of the biggest voices of the Olympics. KEY FACTS Michaels himself will not appear at the Paris Olympics, though fans will be able to hear an artificially-generated version of Michael’s voice through NBC’s Peacock app. NBC will use Michaels’ artificially generated voice in its highlight reel, which the outlet calls “Your Daily Olympic Recap,” a feature of its app where viewers can enter their names and favorite Olympic sports for personalized coverage. The content will also be reviewed by NBC editors “for quality assurance and accuracy” before those highlights are made available. Michaels said in an NBC statement he

NBA Draft: Here’s How Much First-Round Picks Will Earn As Rookies

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  Zaccharie Risacher is expected to go first in the 2024 NBA Draft, and could land a contract worth  tens of millions of dollars With the 2024 NBA Draft opening Wednesday night, a group of NCAA hopefuls and foreign stars will vie for just 30 highly coveted first-round picks, earning them lucrative NBA deals for up to four years, with the first overall pick taking in up to $57 million. KEY FACTS Over the course of a four-year contract, the first overall pick is expected to make $57.19 million, according to estimates from  Spotrac . Total four-year payments gradually decrease from there, to $51.18 million for the second overall pick, $45.98 million for the third, then $41.47 million and $37.57 million for the fifth pick—down to $12.84 million for the 30th pick of the first round. That comes out to $12.61 million in the first year for the first overall pick, $11.28 million for the second, and $10.13 million for the third—and $2.50 million for the 30th.If that contract value holds up, the