Black Swan author Nassim Nicholas Taleb lashed out at Bitcoin (BTC) in a recent interview. Credited with predicting the 2007/2008 financial crisis, Taleb, who writes about probability and risk, was once a fan of Bitcoin. Here are some of the reasons he now compares Bitcoin to cancer.
Mexico's Grupo Financiero Banorte reported on Tuesday a 9% increase in first-quarter net profit from the year-ago period, citing growth in its loan book. Net profit for the quarter hit 14.21 billion pesos ($859.48 million). Net interest income, the difference between what banks earn on loans and dole out in deposits, grew 10% year-over-year on the larger loan book, which also benefited from higher interest rates.
Social media and easy access to credit are causing Gen Z to massively overspend.
A top federation of U.S. labor unions has urged Norfolk Southern shareholders to vote against Ancora's director candidates, arguing the hedge fund's plans for the railroad would compromise safety and improvements being considered. "Ancora's proposed strategy for Norfolk Southern is "not fit for purpose" and the election of Ancora's proposed directors will derail the safety and service improvements that are currently underway at Norfolk Southern," the American Federation of Labor and Congress of Industrial Organizations said in a letter. Ancora, in February, proposed the replacement of Norfolk Southern's top management, including its CEO, and nominated eight directors to the railroad operator's board in response to the company's negligence leading to a 2023 train derailment in East Palestine, Ohio.
Three Senate Democrats are demanding answers from Novo Nordisk over its decision to discontinue Levemir, which is FDA-approved for pregnancy.
Two years ago, Democrats repeatedly and forcefully warned Republicans and Gov. Ron DeSantis that a new law making it easier to challenge school books was so broadly worded that it would create havoc across the state. DeSantis backtracked on the 2022 law on Tuesday when he signed a bill narrowing its focus. “The idea that someone can use the parents rights and the curriculum transparency to start objecting to every single book to try to make a mockery of this is just wrong,” DeSantis said the day before the bill signing.
QUITO, Ecuador (AP) — Ecuador on Tuesday began to ration electricity in the country's main cities as a drought linked to the El Niño weather pattern depletes reservoirs and limits output at hydroelectric plants that produce about 75% of the nation’s power. The power cuts were announced on Monday night by the ministry of energy, which said in a statement that it would review its decision on Wednesday night. “We urge Ecuadorians to cut their electricity consumption in this critical week,” the stat
Photo Illustration by Thomas Levinson/The Daily Beast/Getty/ReutersAs the first-ever criminal prosecution of a former president has finally gotten underway, the big question remains: “Will he or won’t he?” Will Donald Trump testify, that is.His legal defense team may have little choice but to let its client put his right hand on the Bible and swear to tell the truth, the whole truth, and nothing but the truth. But his truth might not exactly set him free.Trump’s serial incorrigibility, hair-trig
Stocks trended higher on Tuesday as earnings continued to deliver better-than-expected results.
Curtis Means-Pool/Getty ImagesIt’s the eye-roll inducing excuse every judge has heard: I simply can’t be fair. Except with Donald Trump, it might be true.The first day of Trump’s criminal trial in Manhattan ran straight into that near-impossible challenge: finding a group of New Yorkers who could give a tabloid target and one of the most controversial presidents in recent history a fair hearing.Of the 96 potential jurors brought into the courtroom Monday afternoon for screening, around half were
Melanie Fidler/NBAE via Getty ImagesCaitlin Clark is making how much?!On Monday, Clark was selected No. 1 overall in Monday’s WNBA draft by the Indiana Fever, a celebratory moment for the star which has now been punctuated by the proclamation of a pitiful paycheck.Clark will be paid a base salary of $338,056 over the next four years, a number which is easily dwarfed by even the one year salaries of her male counterparts.Victor Wembanyama, the No.1 draft pick in the NBA was set to make $55 millio
Cleveland County sheriff asks for extra $3.5M to get through fiscal year
ZURICH (AP) — Barcelona’s exit from the Champions League on Tuesday sent Atletico Madrid to the inaugural 32-team Club World Cup in the United States next year. Europe will have 12 teams at the lucrative monthlong tournament — title winners of the Champions League in the four seasons through this one plus high-ranked teams based on overall results in the competition in this period. Barcelona began play Tuesday trailing Atletico in the rankings to take the second Club World Cup entry from Spain a
It had to be Kylian Mbappe. Of course it did. He had been quiet; he had been jeered; he had been questioned. But the forward claimed two goals, including a nerveless penalty, as PSG deservedly earned a place in the Champions League semi-finals against Borussia Dortmund.
Mexico's Grupo Financiero Banorte reported on Tuesday a 9% increase in first-quarter net profit from the year-ago period, citing growth in its loan book. Net profit for the quarter hit 14.21 billion pesos ($859.48 million). Net interest income, the difference between what banks earn on loans and dole out in deposits, grew 10% year-over-year on the larger loan book, which also benefited from higher interest rates.
It has been a rough few weeks for port workers in Baltimore after the March 26 collapse of the Francis Scott Key Bridge. Thousands of workers remain without work due to the collapse. Maryland Gov. Wes Moore signed the Maryland Protecting Opportunities and Regional Trade (PORT) Act into law to provide immediate relief, but those impacted said it's taking too long. Three weeks have passed since the bridge collapsed and paychecks have not hit port workers' pockets.
A 17-year-old was arrested for the murder of a man hours after he was questioned by police in NKY who were called to a home for a reported stolen gun. The NKY police let him go, but he was wanted for murder in Ohio.
In his new film 'Sweet Dreams', the 'Jackass' star plays a man who gets out of rehab, then coaches a softball team of recovering addicts
Set time limits, buy your kid a "dumb phone": What parents can do to limit their children's social media use.
Chinese automakers like BYD (BYDDY) and XPeng (XPEV) make electric vehicles that are far cheaper than the ones made in the USA. But they're hard to find in the US and, if politicians and domestic automakers (F, GM, TSLA) have their way, that's how it's going to stay. Yahoo Finance's Pras Subramanian and Rick Newman explain why in the video above. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Stephanie Mikulich.
Large groups of Paris Saint Germain (PSG) fans were corralled and escorted by riot police as they headed toward the Champions League quarterfinal second-leg match against Barcelona on Tuesday, April 16.Catalonia’s police force, Mossos d’Esquadra, said it had accompanied the PSG fans to prevent any clashes between the fans of the two teams.This footage shows flares being lit as hundreds of PSG fans linking arms and singing and chanting as they progressed toward Estadi Olímpic Lluís Companys in Barcelona’s Montjuic area, and Barcelona fans getting in an exuberant mood ahead of the 9 pm kickoff.Other footage showed police officers striking some PSG fans with batons as they tried to control the group outside the stadium.Barcelona were leading 3-2 on aggregate after the first leg in France. Credit: David Melero Peña via Storyful
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