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-
100x crypto opportunities, plus new ways to protect your portfolio from inflation
Hello everyone! Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Please subscribe here to get this newsletter in your inbox every week.Getty / SOPA ImagesHello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through the current market and investing landscape. The newsletter will be taking a week off and returning on June 6. Here's what's on the docket:We spoke to famed crypto trader Scott Melker, aka "The Wolf of All Streets. He laid -
Sen. Bernie Sanders: USA should lead the world in bringing about peace, 'not simply supplying weapons to kill children in Gaza'
Sen. Bernie Sanders said the Derek Chauvin verdict was "accountability," but not true justice.
Joshua Lott/Getty Images
Sen. Bernie Sanders said the US should consider 'an even-handed" approach to the Israel-Palestine conflict.
"We have to be pro-Israel, but we have to be pro-Palestinian," Sanders said on CBS' Face the Nation.
His remarks come after Isreal and Palestinian militant group Hamas agreed to a cease-fire on Thursday.
See more stories on Insider's business page.
Sen. Bernie Sanders sa -
Rep. Adam Kinzinger: GOP must 'take ownership for what happened' on Jan. 6 or it will impact 2022 midterm elections
Representative Adam Kinzinger of Illinois.
AP Photo/J. Scott Applewhite
Rep. Adam Kinzinger said that the GOP has to honestly confront what happened on Jan. 6.
Kinzinger said that blocking a commission won't stop the Capitol riot from being an issue in 2022.
Kevin McCarthy has "failed to tell the truth" to the GOP and American voters, he said.
See more stories on Insider's business page.
GOP Rep. Adam Kinzinger of Illinois on Sunday said that even if a bipartisan commission to create a January -
'Beyond reprehensible': GOP Rep. Peter Meijer slams Marjorie Taylor Greene's comparison of mask mandates to the Holocaust
Representative Peter Meijer of Michigan.
Bill Clark/CQ-Roll Call, Inc via Getty Images
Rep. Meijer rebuked Marjorie Taylor Greene's comments comparing a mask policy to the Holocaust.
"Any comparisons to the Holocaust - it's beyond reprehensible," he said.
While all House Democrats have been vaccinated, just 45% of GOP members have reported receiving shots.
See more stories on Insider's business page.
GOP Rep. Peter Meijer of Michigan on Sunday slammed Rep. Marjorie Taylor Greene of Georgia for -
New details of Elizabeth Holmes' luxurious lifestyle might be unveiled during the Theranos founder's upcoming criminal trial
Elizabeth Holmes, founder of Theranos.
REUTERS/Stephen Lam
Lawyers can bring up certain details of Elizabeth Holmes' lavish spending during her criminal trial.
The court said lawyers cannot bring up specific purchases, but her wealth is relevant to the case.
Theranos founder Elizabeth Holmes' criminal trial is slated for August 2021.
See more stories on Insider's business page.
New details of Theranos founder Elizabeth Holmes' wealth and luxurious lifestyle might come to light during her fraud -
Biden administration extends deportation relief for Haitian immigrants
Demonstrators protest outside the US Citizenship and Immigration Service office in Miami, on February 20, 2021, demanding that the administration of US President Joe Biden cease deporting Haitian immigrants back to Haiti.
CHANDAN KHANNA/AFP via Getty Images
The Biden administration is extending temporary protection status (TPS) for Haitian immigrants.
The move reverses a Trump administration effort that sought to end the special consideration.
The TPS extension affects more than 50,000 Haitians -
Rep. Eric Swalwell says GOP opponents of the Jan. 6 commission aren't 'standing up for the cops that protected them'
Representative Eric Swalwell of California.
JACQUELYN MARTIN/POOL/AFP via Getty Images
Rep. Eric Swalwell criticized GOP opponents of a bill that would create a January 6 commission.
He said that Republicans are "blowing it" and not "standing up" for the cops that protected them.
Swalwell was hopeful that the bill could clear the Senate, despite opposition from Mitch McConnell.
See more stories on Insider's business page.
Democratic Rep. Eric Swalwell of California criticized the overwhelming G -
A Lightspeed VC is bullish on retail investment apps like Robinhood and says they'll continue to climb in popularity
Robinhood app.
SOPA Images/Getty Images
Mercedes Bent is a Partner at Lightspeed Venture Partners and focuses on consumer, fintech, edtech investments.
The window for retail investing is not over, and we're just now entering a new generation of retail investment products.
Apps like Robinhood help democratize the acquisition of wealth.
See more stories on Insider's business page.
Retail investing apps have been getting a bad rap lately. As the market leader, Robinhood has been a magnet for much -
Bitcoin and ether stumble again following a wild week for global cryptocurrencies
Bitcoin vs. Ethereum
Alain Pitton/NurPhoto via Getty Images and Dado Ruvic/Reuters
Cryptocurrencies were off to a rocky start to the week on Sunday.
Bitcoin was down as much as 13% on Sunday, while ether was down about 15%.
A crypto sell-off last week wiped more than $400 billion from the nascent market in a single day.
See more stories on Insider's business page.
Global cryptocurrencies stumbled on Sunday following a roller coaster week in which the two main digital currencies, bitcoin and eth -
Republican lawmaker who refused to wear mask is stripped of voting and speaking privileges until she apologizes
Republican lawmaker Annie Black refused to wear a mask on the assembly floor of the Nevada state legislature.
Nevada Legislature
A Republican lawmaker refused to wear her mask on the assembly floor of Nevada's state legislature.
Only fully vaccinated lawmakers don't have to wear masks. Annie Black refuses to say if she's been vaccinated.
Democrat assembly members voted to strip her of voting and speaking privileges until she apologizes.
See more stories on Insider's business page.
A Republican -
Lauren Boebert stated there hadn't been a single COVID-19 death in Texas since mask restrictions ended in March. Data shows thousands had, in fact, died.
Rep. Lauren Boebert on the House steps of the Capitol on Monday, January 4, 2021.
Tom Williams/CQ-Roll Call, Inc via Getty Images
Rep. Lauren Boebert falsely claimed Texas hasn't recorded a single COVID-19 death in two months."Since removing the mask mandate ...Texas has not reported a single COVID death," she claimed.
Data shows 3,600 Texans lost their lives to the virus since March 2, the day restrictions were lifted.
See more stories on Insider's business page.
Rep. Lauren Boebert of Colorad -
Biden to host family of George Floyd at White House on the first anniversary of his death
The family of George Floyd speaks at his funeral on June 9, 2020. Floyd died after being restrained by Minneapolis Police officers on May 25.
Godofredo A. Vasquez/Pool via REUTERS
President Joe Biden will host George Floyd's family at the White House on Tuesday.
The visit marks the first anniversary of his death at the hands of a white police officer.
Talks focused on the police reform bill named after Floyd have stalled on Capitol Hill.
See more stories on Insider's business page.
WASHINGTON ( -
Knicks fan who used bitcoin to buy tickets in 2013 lost out on almost $30,000 worth of profit
An NBA basketball game between Atlanta Hawks and New York Knicks.
John Bazemore/AP Images
A 2013 purchase of basketball tickets using bitcoin meant Alex Taub lost out on almost $30,000. At the time, he felt like he was getting into Madison Square Garden for free, essentially.
When asked if he'll ever pay with crypto again, he told CNBC it's "not happening."
See more stories on Insider's business page.
In 2013, Alex Taub agreed to buy a pair of Christmas day tickets to a New York Knicks game fro -
Former Rep. Justin Amash says Liz Cheney could have spoken out against Trump sooner, rejects her being 'some sort of hero'
Former Rep. Justin Amash of Michigan.
Bill Pugliano/Getty Images
Justin Amash warned against turning Liz Cheney into "some sort of hero" for her criticism of Trump.
Amash said that Cheney didn't join him when he was criticizing Trump's behavior before January 6.
"I also think we need to be careful, because you want to give people the room to learn and change," he said.
See more stories on Insider's business page.
Former Rep. Justin Amash of Michigan, who became a contrarian within the GOP after -
The family behind 'Charlie Bit My Finger' sold the original viral video as an NFT for over $760,000
Screenshot from the "Charlie Bit My Finger" video
HDCYT/YouTube
The original "Charlie Bit My Finger" video was uploaded in 2007 and was seen over 882 million times.
The family auctioned the original video as an NFT and it sold for over $760,000.
The original video will be taken down from YouTube after the sale was final, as promised.
See more stories on Insider's business page.
The family behind the early viral hit, "Charlie Bit My Finger," auctioned the original video as a non-fungible token ( -
SpaceX's dearMoon mission has pitted two brothers against each other. One of the siblings said he was shocked to learn they were both competing for a seat on the flight.
Charlie Denison-Pender (left) trying on one of two exact replicas of Neil Armstrong's space suit next to his brother Max.
Charlie Denison-Pender
Two British brothers are competing for a seat on SpaceX's all-civilian flight round the moon.
The pair applied separately, later discovering they'd be competing against each other.
"I wasn't expecting him to want to go to the moon," said one of the brothers about his sibling.
See more stories on Insider's business page.
Sometimes competition is healthy -
GOP Sen. Rand Paul says he refuses to take the COVID-19 vaccine, claims he already has 'natural immunity'
Sen. Rand Paul of Kentucky.
Greg Nash/Pool via AP
Sen. Rand Paul says that he doesn't need to be vaccinated because he contracted COVID-19 last year.
"I've already had the disease and I have natural immunity," Paul said on WABC 770 AM.
Paul has repeatedly clashed with Dr. Anthony Fauci over medical recommendations to fight COVID-19.
See more stories on Insider's business page.
GOP Sen. Rand Paul of Kentucky on Sunday said that he won't take a COVID-19 vaccination shot to protect against the hig -
We analyzed the wellbeing of more than a million employees. Here's how managers can tell if people are suffering, struggling, or thriving - and what to do about it.
People with thriving career well-being are happier and more driven to meet their goals.
Shutterstock
Jim Clifton is the chairman and CEO of Gallup. Jim Harter is Chief Scientist for Gallup's workplace management and wellbeing practices.
The following is an excerpt from their new book, Wellbeing at Work: How to Build Resilient and Thriving Teams.
In it, they discuss how to identify if employees are struggling and what to do to help them thrive.See more stories on Insider's business page.
Reporti -
Former Trump advisor Michael Flynn claims the COVID-19 pandemic was fabricated to distract from the 2020 election
Michael Flynn testifies on Capitol Hill in Washington, on February 11, 2014 .
AP Photo/Lauren Victoria Burke, File
Michael Flynn says the coronavirus pandemic was made up to distract from the 2020 election.
The former Trump advisor said Friday he thinks COVID-19 was fabricated "to gain control" of society.
Flynn is a supporter of the QAnon conspiracy theory and pleaded guilty in 2017 to lying to the FBI.
See more stories on Insider's business page.
Former national security advisor Michael Flynn -
A court ruled that a Trump spokesperson must pay $42,000 to Gizmodo Media Group for wrongfully claiming the outlet defamed him
Jason Miller, Senior Adviser to the Trump 2020 re-election campaign, appears for the second impeachment trial of former President Donald Trump in the Senate, at the Capitol in Washington, on Feb. 9, 2021.
AP Photo/Andrew Harnik, File
Trump spokesperson Jason Miller lost a defamation lawsuit against G/O Media, the parent of Gizmodo and once-active outlet Splinter.
Splinter in 2018 reported that Miller had given a dancer abortion drugs after getting her pregnant.
Miller has repeatedly said the st -
As Tesla Solar Roof customers file another lawsuit, California is set to decide whether to combine them into a single class-action complaint
Tesla CEO Elon Musk in Germany this week.
Michele Tantussi/Reuters
A new lawsuit filed in California against Tesla sought class-action status for Solar Roof customers.
It marked the second filing in California, following another filing in Pennsylvania.A California judge is set to decide whether to combine the two in-state lawsuits.
See more stories on Insider's business page.
A California judge will decide whether two complaints filed against Tesla will be combined into a single lawsuit, as pla -
It might be the worst time to remodel your house. Experts say customers can expect months of delays.
Krisanapong Detraphiphat/Getty Images
Home-improvement projects are being set back by months due to shipping delays and shortages.
The home-buying and remodeling boom has companies struggling to keep up with demand.
Skyrocketing lumber prices are also making projects increasingly expensive.
See more stories on Insider's business page.
The pandemic caused a surge in home-improvement projects at the worst possible time and many companies are still struggling to keep up with backlogs of projects.Ov -
The top 9 shows on Netflix this week, from 'Halston' to 'Castlevania'
Ewan McGregor will play designer Roy Halston Frowick in Ryan Murphy's upcoming Netflix show.
NetflixEvery week, the streaming search engine Reelgood compiles for Insider a list of the TV shows that have been most prominent on Netflix's daily top-10 lists.Ryan Murphy's new series "Halston" debuted on this week's list, as did the final season of the anime hit "Castlevania."
"The Upshaws" dethroned the superhero series "Jupiter's Legacy."
Netflix counts a view if an account watches a movie or TV s -
Inflation is seen as the stock market's boogeyman as the economy recovers. We asked 3 experts if the fears are warranted - or if concerns are overblown.
Jerome Powell.
Pool/Getty Images
Core PCE (personal consumption expenditures), rose to 3.5% in the first quarter, marking its second-fastest pace of growth since 2011.
Fed chair Jerome Powell says inflation is "transitory" and will pass once economic activity normalizes.
We asked three experts if they stand with Powell or believe inflation might be a bigger issue.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
On April 29, new data showed that a key measure of inflati -
Meet 2 Americans who are suddenly facing an unemployment cliff after Republican governors in their states ended federal benefits
People line up outside Kentucky Career Center prior to its opening to find assistance with their unemployment claims in Frankfort, Kentucky, U.S. June 18, 2020.
Bryan Woolston/Reuters
GOP-led states are announcing they'll end their participation in federal unemployment benefits early.
One of those states is Missouri, which will end all of those extra benefits effective June 12.
Cindy Walker, 57, will lose all of her unemployment; she talked to Insider about her experience.
See more stories on I -
The declining American birth rate could actually be good for the economy
The birth rate dropped during the pandemic, as is typical during economic recessions.
Boston Globe / Contributor/Getty Images
New CDC data found the US birth rate fell by 4% in 2020, the sharpest decline in nearly 50 years.
Experts are worried this is a crisis, but it's not necessarily bad news.
It's a sign of progress for women and could also be part of a reshaped, better economy.
See more stories on Insider's business page.
Earlier this month, the Centers for Disease Control and Prevention (C -
Why nine times roasted bamboo salt costs so much more than sea salt
Nine times roasted bamboo salt can cost almost $100 for an 8.5-ounce jar.
It's made by roasting sea salt inside of bamboo at over 800 degrees Celcius.
That labor-intensive process makes bamboo salt the most expensive salt in the world.
See more stories on Insider's business page.
Following is a transcript of the video.Narrator: This is standard sea salt. But after 30 days, it'll become this. High-quality bamboo salt costs almost $100 for an 8.5-ounce jar, making it the most expensive salt in th -
4 reasons why reading fiction can help you write better business books
Reading great fiction teaches you how to add emotionally powerful narratives to business books.
PIC SNIPE/Shutterstock
Skilled writers can use a fiction writing style to make their business books more entertaining.
Writing business books as narrative nonfiction engages with the reader's five senses.
Accelerate the narrative pace, like thriller fiction. Business books do not need to be slow and dry.
See more stories on Insider's business page.
Humans seem hardwired to consume and enjoy stories. -
The Giving Pledge was supposed to boost philanthropy. But it may be doing more to benefit rich donors.
Hello!Welcome to this weekly roundup of stories from Insider's Business co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.What we're going over today:Billionaires like Bill Gates and Warren Buffett pledged half their wealth to charity - but some are moving slow.Amazon is planning a new brand that offers at-home medical tests for COVID-19.The secret life of Ian Osborne, a shadowy SPAC cofounder who has built the ultimate black book of billionaires.On -
Joe Biden wants to tax the wealthy without creating a wealth tax, even though it's overwhelmingly popular
President Joe Biden.
REUTERS/Mike Segar/File Photo
As infrastructure talks begin to heat up, taxes - and how much they'll go up - will be a hot topic.
Yes, Biden wants to raise taxes on the wealthy, but he doesn't want to do an outright wealth tax.
It's an important distinction, as Biden is proposing tweaks to already existing programs.
See more stories on Insider's business page.
Yes, President Joe Biden wants to tax the wealthiest Americans. But he wouldn't do it with a wealth tax.It may seem -
Crypto looks 'bubbly' and physical gold is a better inflation hedge, argues research report
Drew Angerer/Getty ImagesBitcoin has many hallmarks of a speculative bubble, according new research from TS Lombard.The report argues that investors seeking an inflation hedge would be better off buying gold."Cryptocurrencies look bubbly, displaying many of the classic markers of a speculative mania," the report said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Cryptocurrencies look "bubbly" and have many of the classic markers of a speculative mania, according to a r -
I flew Delta first class for the first time since the airline brought back real snacks and drinks but I was still unimpressed
Flying Delta Air Lines in first class from Phoenix to Minneapolis.
Thomas Pallini/Insider
Delta Air Lines is slowly but surely restoring its onboard services including snacks and drinks.
It's still a far cry from the traditional hot meals served in first class but it's a start for Delta.
See more stories on Insider's business page.Snacks are back on Delta Air Lines.
Flying Delta Air Lines in first class from Phoenix to Minneapolis.
Thomas Pallini/InsiderAfter a year of austerity onboard its air -
'Ultra-maskers' say they'll keep wearing masks even though they've been vaccinated - and perhaps after the pandemic ends
Usher Kathy Stock wears a face shield and mask as she waits for fans to enter an MLB spring training game in Arizona in February.
Steph Chambers/Getty Images
Many "ultra-maskers" are refusing to take off their masks even though they're fully vaccinated.
Some want to signal respect for other people or avoid the flu. Others distrust the CDC.
Several ultra-maskers said they'll continue to wear masks in public even after the pandemic is over.
See more stories on Insider's business page.
Adrienne Le -
A crypto expert breaks down who could be behind the dogecoin whale address that holds $12 billion
Marnie Griffiths/Getty
The story behind the world's largest dogecoin holder may be less fun than social media investors and Elon Musk fans would like.
A dogecoin core developer told Insider it's likely the so-called whale address belongs to a crypto exchange.However, it's impossible to truly verify the owner of the whale address until they come forward.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
The story behind the world's largest dogecoin holder may be less fun t -
A couple just moved into a 3D-printed concrete home for about $1,400 a month- see what it's like to live in
A 3D-printed concrete home with Project Milestone.
Bart van Overbeeke
A couple recently moved into a 1,012-square-foot 3D-printed concrete home in the Netherlands.
It's one of five homes that are part of the world's first 3D-printed concrete "commercial housing project."
Concrete 3D printed homes could help alleviate the housing crisis and shortage, according to the home's makers.
See more stories on Insider's business page.On April 30, a Dutch couple began calling a 3D printed concrete house t -
Audi's $140,000 RS E-Tron GT was my first time driving an EV - and it showed me our absurdly fast electric future
2022 Audi RS E-Tron GT.
Tim Levin/Insider
I drove Audi's upcoming flagship EV: the 2022 RS E-Tron GT.It was a thrilling and sometimes terrifying first experience driving an electric car.The 637-horsepower RS E-Tron GT starts at $139,900 and goes on sale this summer.See more stories on Insider's business page.
In the days and hours leading up to my drive in the 2022 Audi RS E-Tron GT, a viral clip of a Porsche Taycan crash played on repeat in my head. The grainy video shows a $100,000-plus Porsc -
India has told social-media companies to remove posts that mention the 'Indian variant' of COVID-19, say reports
Family members of a man who died of the coronavirus mourn before his cremation near Bengaluru, India.
Samuel Rajkumar/Reuters
India's tech ministry reportedly asked social-media companies to remove the term "Indian variant."
The demand was sent via a letter on Friday, Reuters and AFP reported.The letter reportedly said the phrase "Indian variant" was "completely FALSE."
See more stories on Insider's business page.
Members of India's government asked social-media companies to remove mentions of -
Conservative media outlets feud as OAN accuses pro-Trump Newsmax of being a 'left-leaning' network
A screenshot of a One America News segment exploring whether Newsmax is "left-leaning."
OAN/ Screenshot
A host on One America News has accused Newsmax of being a "left-leaning organization," Newsweek reported.
He said that Newsmax did not back former President Donald Trump strongly enough after the 2020 election.
Both stations are openly supportive of Trump and are popular in right-wing circles.
See more stories on Insider's business page.
As an increasing number of conservatives move from Fox -
Frito-Lay is embroiled in drama amid explosive revelations that the origin story of Flamin' Hot Cheetos - which is the subject of an upcoming film - is false
PepsiCo and Frito-Lay have made conflicting statements regarding the origin of Flamin' Hot Cheetos.
John J. Kim/Chicago Tribune/Tribune News Service/Getty Images
Frito-Lay has made conflicting statements about the origins of Flamin' Hot Cheetos.
Parent company PepsiCo credits former exec Richard Montañez as one of the people involved.
But Frito-Lay told the LA Times they cannot find evidence of Montañez's work.
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The humble origins of Fri -
SpaceX has been selected by Firefly Aerospace to send its Blue Ghost lunar lander to the moon in 2023
SpaceX launches its first super heavy-lift Starship SN8 rocket during a test.
Gene Blevins/Reuters
SpaceX has been awarded a contract by Texas-based aerospace firm Firefly.
The task order requires SpaceX to launch Firefly's Blue Ghost moon lander in 2023.The lander will be propelled into space by a Falcon 9 rocket.See more stories on Insider's business page.
SpaceX has been selected by aerospace company Firefly to fly its Blue Ghost lunar lander to the moon in 2023, on a Falcon 9 rocket.Blue Gh -
Twitter prepares to launch Ticketed Spaces, with a plan to take a 20% cut of the revenue as the company vies with Clubhouse for audio hosts
Twitter CEO Jack Dorsey.
Lucas Jackson/Reuters
Twitter plans to take a 20% cut of Ticketed Spaces revenue, after fees.
Creators will have control over ticket prices and the number of tickets available.
Both Twitter and Clubhouse have partnered with Stripe to process payments to creators.See more stories on Insider's business page.
Twitter plans to start rolling out its Ticketed Spaces feature to a limited group of users soon, which will allow creators to charge for exclusive access to their con -
Dominic Cummings will say that Boris Johnson skipped first COVID-19 meetings to write a book on Shakespeare to fund his divorce, fear aides
Peter Summers/Getty Images
Aides to UK Prime Minister Boris Johnson are anxious about former advisor Dominic Cummings parliamentary testimony.Johnson skipped key coronavirus meetings to write a book to fund his divorce, they fear Cummings will say, reported The Times.Cummings criticised the govt's early response to the coronavirus in a series of tweets.See more stories on Insider's business page.
Aides to Boris Johnson fear that former advisor Dominic Cummings could claim that the UK prime minis -
The Ever Given's owner has blamed the Suez Canal Authority for the blockage, saying it wrongly allowed the ship to enter the area during poor weather conditions
The Ever Given in the Suez Canal.
Photo by Samuel Mohsen/picture alliance via Getty Images
The owner of the Ever Given has said the Suez Canal Authority is to blame for the ship's grounding.The vessel was wrongly instructed to enter the canal amid poor weather conditions, say lawyers.The ship's owner is seeking $100,000 in initial compensation for losses linked to its detainment.
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The owner of the Ever Given container ship that blocked Egypt's Suez Ca -
Search engine Ecosia plants trees in exchange for searches. It uses pay-per-click ads to fund projects that positively impact both people and nature.
Ecosia has supported Makada to plant cashew and mango trees on her farm along the Daka river in Ghana.
Joshi Gottlieb/Ecosia
The more searches people make, the more trees Ecosia plants.
The German search engine finances its eco-regeneration activities through pay-per-click ads.
The company's chief tree planting officer told Insider how it chooses which projects to fund.
See more stories on Insider's business page.
Ecosia is a search engine with a difference.For roughly every 45 searches made, t
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