*Stock data as of market close, cryptocurrency data as of 5:00 am ET.
Markets: Dow futures are up this morning and the S&P and Nasdaq gained for their fourth straight day ahead of a big plate of earnings this week (Netflix is the highlight today). I wonder how many people signed up just to watch "Squid Game"? Early this morning Bitcoin crossed $62,000.
The stock market is drunk on anticipation of upcoming earnings. Futures are ticking up as investors are expecting good news across the board.
Today Johnson & Johnson, Proctor & Gamble, Philip Morris and Netflix are some of the more notable companies reporting quarterly earnings. According to the Wall Street Journal, “81% of S&P 500 companies that have reported so far have beat earnings-per-share expectations,” which explains why hopes are so high.
Bitcoin shot past 62,000 per coin today as the first Exchange Traded Fund, or ETF, based on bitcoin launches on the New York Stock Exchange today. It will trade under the ticker BITO. It is managed by ProShares and will track bitcoin futures.
Scientists are 99.9% sure that climate change is caused by humans, in case you were in doubt.
Researchers combed through 88,125 climate-related studies between 2012 and 2020 and found that they pretty much all agree that the earth would not be hurting like this if humans did not live the way we live, pounding through fossil fuels and single-use items like kings.
“We are virtually certain that the consensus is well over 99% now and that it's pretty much case closed for any meaningful public conversation about the reality of human-caused climate change,” Mark Lynas, the paper’s author, told Phys.org.
Humans may not want to believe this, and in fact many refuse to but that does not change the science. “This pretty much should be the last word,” Lynas said.
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Facebook preempted what looks like damning documents with a whiny-baby series of Tweets on Monday. The company says that a group of journalists are planning to publish leaked internal documents.
The Facebook Newsroom account says that over 30 journalists worked together to obtain these documents and that they did so on the basis of an agreement of certain privacy agreements and a shared release schedule. This is called an embargo. It is when journalists agree not to publish anything until a mutually agreed upon date. Facebook asks journalists to agree to them regularly but suddenly they don’t like the system. Interesting.
Facebook says that these documents should not be used to prove anything about the company’s internal workings.
“A curated selection out of millions of documents at Facebook can in no way be used to draw fair conclusions about us. Internally, we share work in progress and debate options. Not every suggestion stands up to the scrutiny we must apply to decisions affecting so many people,” said one Tweet in the series.
Huh. Sounds like they’re pretty worried about something that might look pretty bad, doesn’t it?
Apple also introduced super-fast processing chips for Mac. The M1Pro and the M1Max which can produce far more computing power with far less electricity than any other laptop chip on the market. Somewhere Apple's ex-chip supplier Intel is crying in a corner.
The new AirPod case is made from recycled material and Apple continues to strive for its commitment to be carbon neutral by 2030. The company says this means that these products will have a net-zero climate impact in less than a decade.
News By The Numbers
$10,350. That is how much an arthritis drug cost as of October 1. In 2008, that same product cost $30. Why the price spike? Because they can.
$25 million. That is the settlement amount that the Broward County school district will pay to the families of the Parkland, Florida 2018 shooting. This amount will be shared by 52 families who claimed that the district was negligent in preventing violence on campus.
One month per year. That is how long American Express employees can now work remotely from wherever the heck they want, according to a new company policy.
95 years and 60 days. That is the age of Tony Bennett. The crooner won the Guinness World Record for being the oldest person to release an album of new material when “Love for Sale,” his second collaboration with Lady Gaga, was launched in September.
A new study indicates that eating less often is more effective than eating less. This means that skipping meals is better for you than calorie counting each meal if you want to live a long and healthy life.
The study was published in a journal called Nature Metabolism. Scientists studied mice that only ate once per day, mice that were fed a restricted calorie diet and mice that ate whatever and whenever they wanted. The mice that only ate once per day lived a year and a half longer than the mice that ate whatever they wanted. The mice that restricted their calories lived shorter lives than both groups.
In fact, calorie-counting mice did not show any improved health markers. They weren’t stronger, they didn’t have better blood pressure, they didn’t look better in their bathing suits.
Scientists say that this very likely applies to humans but more research must be done to study the long-term effects of fasting.
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