The sell-off of U.S. stocks in 2022 gained intensity Monday as investors dumped risky assets like equities in anticipation of a less friendly Federal Reserve. Monday’s pullback put the S&P 500 down roughly 10% this month, on pace for its worst January performance on record. The Dow was also headed for its biggest one-month loss since March 2020, falling more than 7%. The Nasdaq, meanwhile, has dropped about 14% in January and is on pace for its worst month since October 2008 — when it plunge...
Jan 25, 2022•46 sec•Ep. 211
The sell-off of U.S. stocks in 2022 gained intensity Monday as investors dumped risky assets like equities in anticipation of a less friendly Federal Reserve. Monday’s pullback put the S&P 500 down roughly 10% this month, on pace for its worst January performance on record. The Dow was also headed for its biggest one-month loss since March 2020, falling more than 7%. The Nasdaq, meanwhile, has dropped about 14% in January and is on pace for its worst month since October 2008 — when it plunge...
Jan 25, 2022•6 min•Ep. 212
The green M&M has a new look. Not everyone is impressed. The problem? The once-sexy cartoon candy seems to have been stripped of her mojo, some say. In photos and videos released by candy company Mars Inc., the humanlike green M&M no longer has her signature pose—one hand on her head, and another by her hip. The peachy skin tone on her legs and arms is now a cartoonish white. And her high-heeled boots have been swapped for sneakers, which the company said reflects what people are wearing...
Jan 24, 2022•1 min•Ep. 213
The green M&M has a new look. Not everyone is impressed. The problem? The once-sexy cartoon candy seems to have been stripped of her mojo, some say. In photos and videos released by candy company Mars Inc., the humanlike green M&M no longer has her signature pose—one hand on her head, and another by her hip. The peachy skin tone on her legs and arms is now a cartoonish white. And her high-heeled boots have been swapped for sneakers, which the company said reflects what people are wearing...
Jan 24, 2022•5 min•Ep. 214
As Inflation Bites, Power Lies Higher Up the Food Chain Specialist ingredient companies might have an easier time protecting profit margins from higher costs than food brands or supermarkets The food companies with the best shot at beating inflation are those that investors are least likely to know. Food-ingredient stocks such as cocoa seller Barry Callebaut BARN -0.72% are potentially more shielded from such pressures. Their costs are going up, too: Irish ingredients company Kerry Group KRYAY -...
Jan 21, 2022•51 sec•Ep. 215
As Inflation Bites, Power Lies Higher Up the Food Chain Specialist ingredient companies might have an easier time protecting profit margins from higher costs than food brands or supermarkets The food companies with the best shot at beating inflation are those that investors are least likely to know. Food-ingredient stocks such as cocoa seller Barry Callebaut BARN -0.72% are potentially more shielded from such pressures. Their costs are going up, too: Irish ingredients company Kerry Group KRYAY -...
Jan 21, 2022•5 min•Ep. 216
Peloton executives and insiders sold nearly $500 million worth of their stock before its big decline, according to filings with the Securities and Exchange Commission. Peloton stock is down more than 80% from its highs last year, and it hit a 52-week low of $29.11 on Tuesday. Yet the company’s CEO and other executives sold millions of shares at prices over $100 a share in the months leading up to the big declines. “One of the most well-accepted facts from decades of research on insider trading i...
Jan 20, 2022•52 sec•Ep. 217
Peloton executives and insiders sold nearly $500 million worth of their stock before its big decline, according to filings with the Securities and Exchange Commission. Peloton stock is down more than 80% from its highs last year, and it hit a 52-week low of $29.11 on Tuesday. Yet the company’s CEO and other executives sold millions of shares at prices over $100 a share in the months leading up to the big declines. “One of the most well-accepted facts from decades of research on insider trading i...
Jan 20, 2022•6 min•Ep. 218
Microsoft Corp. MSFT -1.20% agreed to buy Activision Blizzard Inc. ATVI +28.11% in an all-cash deal valued at $68.7 billion, using its largest acquisition by far to grab a videogame heavyweight that has been roiled by claims of workplace misconduct . The deal, if completed, would sharply expand Microsoft’s already sizable videogame operation, adding a stable of popular game franchises including Call of Duty, World of Warcraft and Candy Crush to Microsoft’s Xbox console business and its own games...
Jan 19, 2022•50 sec•Ep. 219
Microsoft Corp. MSFT -1.20% agreed to buy Activision Blizzard Inc. ATVI +28.11% in an all-cash deal valued at $68.7 billion, using its largest acquisition by far to grab a videogame heavyweight that has been roiled by claims of workplace misconduct . The deal, if completed, would sharply expand Microsoft’s already sizable videogame operation, adding a stable of popular game franchises including Call of Duty, World of Warcraft and Candy Crush to Microsoft’s Xbox console business and its own games...
Jan 19, 2022•5 min•Ep. 220
Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of nonfungible tokens, or NFTs. The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell virtual goods, including electronics, home decorations, toys, sporting goods and personal care products. In a separate filing, the company said it would offer users a virtual currency, as well as NFTs.
Jan 18, 2022•36 sec•Ep. 221
Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of nonfungible tokens, or NFTs. The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell virtual goods, including electronics, home decorations, toys, sporting goods and personal care products. In a separate filing, the company said it would offer users a virtual currency, as well as NFTs.
Jan 18, 2022•4 min•Ep. 222
When the FDA established its standard 72 years ago, French dressing was one of just three dressings recognized by the agency. The other two were mayonnaise and “salad dressing.” According to the original 1950 standard, a French dressing should include vegetable oil, and a vinegar and/or lemon or lime juice, and could be seasoned with ingredients such as salt, sugar, tomato paste or puree, and spices such as mustard or paprika. In 2022, the French dressing perhaps best known to Americans has a mo...
Jan 17, 2022•1 min•Ep. 223
When the FDA established its standard 72 years ago, French dressing was one of just three dressings recognized by the agency. The other two were mayonnaise and “salad dressing.” According to the original 1950 standard, a French dressing should include vegetable oil, and a vinegar and/or lemon or lime juice, and could be seasoned with ingredients such as salt, sugar, tomato paste or puree, and spices such as mustard or paprika. In 2022, the French dressing perhaps best known to Americans has a mo...
Jan 17, 2022•5 min•Ep. 224
Restoring “youthful properties to old cells sounds like magic,” says Thomas Rando, director of the Broad Stem Cell Research Center at University of California at Los Angeles. “But it happens all the time in biology. We just haven’t been able to capture it therapeutically.” When a sperm and egg from two people who are decades old combine, the resulting cells don’t inherit the age of the parents’ cells. “Every time there is a fertilization event, the clock of aging is set back to zero,” says Dr. R...
Jan 14, 2022•1 min•Ep. 225
Restoring “youthful properties to old cells sounds like magic,” says Thomas Rando, director of the Broad Stem Cell Research Center at University of California at Los Angeles. “But it happens all the time in biology. We just haven’t been able to capture it therapeutically.” When a sperm and egg from two people who are decades old combine, the resulting cells don’t inherit the age of the parents’ cells. “Every time there is a fertilization event, the clock of aging is set back to zero,” says Dr. R...
Jan 14, 2022•4 min•Ep. 226
Still, with all the “longevity enthusiasts, there is this misperception that we’re close somehow to doing this,” says Matt Kaeberlein, director of the Healthy Aging and Longevity Research Institute at University of Washington, Seattle. Huge technical, regulatory, economic and social hurdles stand in the way. For instance, the Food and Drug Administration doesn’t recognize aging as a disease to be treated, meaning there isn’t a clear path to approval for a drug that targets the biology of aging. ...
Jan 13, 2022•57 sec•Ep. 227
Still, with all the “longevity enthusiasts, there is this misperception that we’re close somehow to doing this,” says Matt Kaeberlein, director of the Healthy Aging and Longevity Research Institute at University of Washington, Seattle. Huge technical, regulatory, economic and social hurdles stand in the way. For instance, the Food and Drug Administration doesn’t recognize aging as a disease to be treated, meaning there isn’t a clear path to approval for a drug that targets the biology of aging. ...
Jan 13, 2022•5 min•Ep. 228
Can You Fight Aging? Scientists Are Testing Drugs to Help A magic pill that boosts life expectancy to 150 years isn’t likely, but an increase in the average lifespan for men and women is conceivable Say it’s 2050 and you just turned 70 years old. You feel as vigorous after a workout as you did at 35. Your skin has nary a wrinkle. You don’t have to remember where you put your glasses because your vision is still 20/20. Your mind seems as sharp as ever. Will people eventually routinely live—and li...
Jan 12, 2022•1 min•Ep. 229
Can You Fight Aging? Scientists Are Testing Drugs to Help A magic pill that boosts life expectancy to 150 years isn’t likely, but an increase in the average lifespan for men and women is conceivable Say it’s 2050 and you just turned 70 years old. You feel as vigorous after a workout as you did at 35. Your skin has nary a wrinkle. You don’t have to remember where you put your glasses because your vision is still 20/20. Your mind seems as sharp as ever. Will people eventually routinely live—and li...
Jan 12, 2022•4 min•Ep. 230
Bitcoin tumbles below $40,000 to lowest since September as investors dump risky assets. The price of bitcoin fell to its lowest point since September on Monday as rising rates continue leading investors to shed positions in risky, growth-oriented assets. Bitcoin hit a record high of about $68,000 in November following a hot inflation reading that at the time showed the biggest jump in consumer prices in 30 years. That reading caused investors to jump into inflation hedges, including bitcoin as w...
Jan 11, 2022•42 sec•Ep. 231
Bitcoin tumbles below $40,000 to lowest since September as investors dump risky assets. The price of bitcoin fell to its lowest point since September on Monday as rising rates continue leading investors to shed positions in risky, growth-oriented assets. Bitcoin hit a record high of about $68,000 in November following a hot inflation reading that at the time showed the biggest jump in consumer prices in 30 years. That reading caused investors to jump into inflation hedges, including bitcoin as w...
Jan 11, 2022•4 min•Ep. 232
Most expensive home in America lists for $295 million, may head to auction A 105,000-square-foot Los Angeles megamansion known as “The One” listed Friday for $295 million, making it the most expensive listing in the U.S. It was built by Nile Niami, who promoted it as the “biggest and most expensive modern home in America,” with an eventual asking price of $500 million. The megamansion was placed into receivership last year. If it doesn’t sell quickly, “The One” heads to auction in February as pa...
Jan 10, 2022•47 sec•Ep. 233
Most expensive home in America lists for $295 million, may head to auction A 105,000-square-foot Los Angeles megamansion known as “The One” listed Friday for $295 million, making it the most expensive listing in the U.S. It was built by Nile Niami, who promoted it as the “biggest and most expensive modern home in America,” with an eventual asking price of $500 million. The megamansion was placed into receivership last year. If it doesn’t sell quickly, “The One” heads to auction in February as pa...
Jan 10, 2022•5 min•Ep. 234
BlackBerry Die-Hards Struggle With Final Blow Fans part with devices or turn them into art; ‘I’m actually pretty sad’. Andrew Balfour long dreaded Jan. 4, 2022, the day he had to say goodbye to his beloved BlackBerry Classic forever. Older BlackBerry models, like Mr. Balfour’s, stopped working on Tuesday, turning the once ubiquitous phones into nothing more than glorified paperweights . Now, the hardiest of BlackBerry die-hards, who clung to the final moment of service, are finally having to let...
Jan 07, 2022•50 sec•Ep. 235
BlackBerry Die-Hards Struggle With Final Blow Fans part with devices or turn them into art; ‘I’m actually pretty sad’. Andrew Balfour long dreaded Jan. 4, 2022, the day he had to say goodbye to his beloved BlackBerry Classic forever. Older BlackBerry models, like Mr. Balfour’s, stopped working on Tuesday, turning the once ubiquitous phones into nothing more than glorified paperweights . Now, the hardiest of BlackBerry die-hards, who clung to the final moment of service, are finally having to let...
Jan 07, 2022•4 min•Ep. 236
Jeff Bezos’ New Year’s Disco Style Hits a Nerve The Amazon and Blue Origin founder celebrated 2022 with a party while traveling on a yacht in the Caribbean. Not all of his social media followers were impressed with his splashy look. Oh, what a photo. In it, Mr. Bezos beams in a pair of tight white pants, a gaudy patterned silk shirt and heart-shaped sunglasses (at night), while Ms. Sánchez wears a racy sparkled jumpsuit with significant cutaways. They look like a couple that does little but work...
Jan 06, 2022•2 min•Ep. 237
Jeff Bezos’ New Year’s Disco Style Hits a Nerve The Amazon and Blue Origin founder celebrated 2022 with a party while traveling on a yacht in the Caribbean. Not all of his social media followers were impressed with his splashy look. Oh, what a photo. In it, Mr. Bezos beams in a pair of tight white pants, a gaudy patterned silk shirt and heart-shaped sunglasses (at night), while Ms. Sánchez wears a racy sparkled jumpsuit with significant cutaways. They look like a couple that does little but work...
Jan 06, 2022•6 min•Ep. 238
Warren Buffett makes over $120 billion on Apple’s rise to $3 trillion, among his best bets ever. Warren Buffett’s out-of-character bet on Apple may end up being one of his winningest investments, making more than $120 billion on paper as the tech giant shattered yet another record to top a $3 trillion market valuation this week . Berkshire Hathaway began buying Apple stock in 2016 and by mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Flash...
Jan 05, 2022•1 min•Ep. 239
Warren Buffett makes over $120 billion on Apple’s rise to $3 trillion, among his best bets ever. Warren Buffett’s out-of-character bet on Apple may end up being one of his winningest investments, making more than $120 billion on paper as the tech giant shattered yet another record to top a $3 trillion market valuation this week . Berkshire Hathaway began buying Apple stock in 2016 and by mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Flash...
Jan 05, 2022•4 min•Ep. 240
