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Michael Burry, of ‘Big Short’ fame, just bet $1.6 billion on a stock market crash

Published Sat, 22 Feb 2025 10:54:01 GMT

New York (CNN) — Michael Burry, the “Big Short” investor who became famous for correctly predicting the epic collapse of the housing market in 2008, has bet more than $1.6 billion on a Wall Street crash.Burry is making his bearish bets against the S&P 500 and Nasdaq 100, according to Security Exchange Commission filings released Monday. Burry’s fund, Scion Asset Management, bought $866 million in put options (that’s the right to sell an asset at a particular price) against a fund that tracks the S&P 500 and $739 million in put options against a fund that tracks the Nasdaq 100.Burry is using more than 90% of his portfolio to bet on a market downturn, according to the filings.But Burry appears to have been wavering between bullish and bearish on his stock picks this year. In January, he tweeted a cryptic message to his 1.4 million followers. “Sell,” he wrote. But by the end of March, he backtracked. “I was wrong to say sell.” he wrote.The S&P 500 and Nasdaq 100 h...

David Krejci at peace with retirement from Bruins

Published Sat, 22 Feb 2025 10:54:01 GMT

David Krejci’s body told him it was time to bid the National Hockey League farewell.While Krejci, who announced his retirement from the Bruins on Monday, left the door open to play in Europe after the New Year’s in preparation for possible participation in the World Championships when the tournament will be held in Prague, the Czechia-born centerman knew his 37-year-old frame could not hold up to the rigors of a full schedule in the best league in the world.Krejci didn’t go into the 2022-23 season knowing it was going to be his last, but the injuries that kept him out of the final six games of the regular season and three playoff games removed most of the doubt. He said to continue playing in the NHL he would need surgery (he did not identify the injury) and that’s not something he was willing to do at this stage.He didn’t want to announce anything right at the end of the season, especially after the painful upset loss to the Florida Panthers, so he wan...

In 40 years as a jazzman, Bill Harrison had ups and downs and one night dressed as a Conehead

Published Sat, 22 Feb 2025 10:54:01 GMT

Rick Kogan | (TNS) Chicago TribuneIf you think the world of a professional musician is all great tunes and glamour, you should have been at a downtown hotel on Dec. 13, 1983, when jazz bassist Bill Harrison and the more than dozen other members of a band set to play a corporate concert were instructed to don Conehead costumes, inspired by characters made famous by “Saturday Night Live,” because the party planners though it would amuse the crowd.Harrison survived that night. He survived all the other nights in his 40-year career as a working member of the jazz world. He played bass in theaters, hotels and nightclubs. He played at weddings, private parties and bowling alleys.He has played with such jazz giants as Clark Terry, Max Roach, Josie Falbo.He also played, more times than he can count, “The Chicken Dance,” “Achy Breaky Heart,” “Margaritaville,” “Celebration” and so many others on a “list (that) makes me want to go take a shower.”Like the majority of professional musicians, he ...

Nutrition: Are gummy supplements actually healthy?

Published Sat, 22 Feb 2025 10:54:01 GMT

Gummy vitamins, those colorful, candy-like chewable supplements, are soaring in popularity and not just among children.While gummy vitamins were originally marketed to kids, adults are now their primary consumers. In fact, you can find gummies that are marketed containing multivitamins, vitamin D, probiotics, immune support nutrients, collagen and fish oil to name a few.While gummy vitamins are used to support health and wellness, are gummy supplements actually healthy?Gummy vitamins are typically made from gelatin, corn starch, sugar, water and natural and artificial colors and flavors. Gummies labeled as vegan, containing no animal products, may contain carnauba wax, pectin and agar instead of gelatin.Gummy vitamins are a soaring $6 billion industry, expected to grow by 50 percent over the next five years. With about 30 percent of the population reporting difficulty swallowing pills, gummy vitamins offer an alternative to hard-to-swallow tablets. While some vitamin supplements are...

White House weighing trip by President Joe Biden to survey Maui damage. Follow live updates

Published Sat, 22 Feb 2025 10:54:01 GMT

By The Associated PressFollow live updates about wildfires that have devastated parts of Maui in Hawaii, killing dozens of people and destroying the historic town of Lahaina. The wildfires are the deadliest in the U.S. in more than a century. The cause was under investigation. Even where the fires have retreated, authorities have warned that toxic byproducts may remain, including in drinking water, after the flames spewed poisonous fumes.It’s often one of the first questions asked after a natural disaster strikes: Will the president visit?While there’s no firm date yet for a trip by President Joe Biden to survey the Maui wildfire damage, an administration official said “active conversations” about it are being had.Over the weekend, Biden had said, “we’re looking at it,” referring to a visit, as he rode past reporters on his bicycle near his Delaware beach home.On Tuesday, White House deputy press secretary Olivia Dalton said officials are di...

Recipe: Shishito Gremolata is the perfect topping for tri-tip or any grilled steak

Published Sat, 22 Feb 2025 10:54:01 GMT

Brad Prose, grilling and barbecue expert, as well as founder of the popular recipe site Chiles and Smoke, combines the alluring union of smoke and spicy heat in the dishes featured in his new cookbook. One of my favorites from his book, “Chiles and Smoke” (Harvard Common Press, $26.99), is his Shishito Gremolata. The tasty sauce, chunky and packed with flavor, combines shishito peppers, grilled and chopped, with parsley, garlic, and shallot, as well as walnuts, lemon zest and juice, plus salt and pepper to taste.He spoons it over grilled tri-tip, but it’s delicious atop any grilled-to-perfection steak.Shishito peppers have notes of sweetness and are slightly smoky. Generally, they are mild, but are occasionally blessed with spicy heat. There’s no way to look at them and determine their degree of mouth fire. I suggest tasting the gremolata before serving. If it’s too fiery, pass the gremolata at the table, warning guests with sensitive palates to just try a smidgeon on their beef. Ni...

Mayo Clinic Minute: 4 ways to help kids overcome back-to-school anxiety

Published Sat, 22 Feb 2025 10:54:01 GMT

DeeDee Stiepan | (TNS) Mayo Clinic News NetworkHeading back to school after a long summer break can be an exciting time for kids and caregivers. But for some students, the anxiousness of heading back to school may be fueled by fears or worry. In this Mayo Clinic Minute, Dr. Stephen Whiteside, a Mayo Clinic child psychologist, offers four tips on how to help kids overcome back-to-school anxiety.Many of the things parents and caregivers can do to help kids with back-to-school worries are fairly straightforward.“The first one is staying calm and warm. Realizing that when kids are nervous and worry, they often express that through acting up, being more irritable. Kids usually take those emotions out on their parents because that’s the safe place to do so,” says Dr. Whiteside.Some kids might feel overwhelmed at the thought of interacting and reconnecting with peers, which is why Dr. Whiteside suggests parents make efforts to book play dates for kids to reconnect before ...

Denver police officer fatally shot a man she thought held a knife. It was a marker

Published Sat, 22 Feb 2025 10:54:01 GMT

DENVER (AP) — A Denver police officer fatally shot a man who lunged at her with what she thought was a knife. It turned out to be a black marker, investigators said.Body-worn camera video shows the suspect, Brandon Cole, 36, raising the marker to chest level as he closed in on the officer just before she fired two shots at him.“This is a tremendous tragedy,” Chief Ron Thomas said during a news conference Monday. The Denver District Attorney’s Office will review the legality of the shooting.A neighbor had called 911 on Aug. 5 to report potential domestic violence involving Cole, his wife and his teenage son, The Denver Post reported. Police Cmdr. Matt Clark said Monday that the caller reported that the woman may have been pushed out of her wheelchair, and that Cole was “going after” his son.When officers arrived, the woman was sitting on the street next to a wheelchair and told an officer, “Don’t, don’t pull your gun out on my husband, please,” the body camera recording showed....

Western states will not lose as much Colorado River water in 2024, despite long-term challenges

Published Sat, 22 Feb 2025 10:54:01 GMT

WASHINGTON (AP) — Federal officials said Tuesday they will ease water cuts for Western states reliant on the Colorado River next year thanks to a slightly improved outlook, but long-term challenges remain. The river serves seven U.S. states, Native American tribes and two states in Mexico. It also supports a multibillion-dollar farm industry in the West and generates hydropower used across the region. Years of overuse by farms and cities, and the effects of drought worsened by climate change has meant much less water flows today through the Colorado River than in previous decades.The U.S. government in 2021 announced cuts that hit Arizona particularly hard. Last year, those cuts grew more severe thanks to continued drought, poor precipitation and less runoff from the river’s Rocky Mountains source. A wetter winter and conservation measures have helped improve the river’s health a bit this summer, but experts warn a drier future is ahead. Not much will change for Western ...

Alberta’s electricity cost surge helps drive inflation even as energy prices drop

Published Sat, 22 Feb 2025 10:54:01 GMT

Statistics Canada says a spike in the amount Albertans paid for electricity last month counteracted an overall decline in energy prices in July — and was one of the key reasons cited by the agency as the overall inflation rate ticked up.The agency says energy prices were down 8.2 per cent in July on a year-over-year basis, compared with 14.6 per cent in June. That was driven both by gasoline prices falling less dramatically from prices a year ago, along with electricity prices rising at a faster pace in July than they did in June.Yet the price of electricity was up 11.7 per cent last month compared with 5.8 per cent in June, with the gain attributed to a 127.8 per cent increase in Alberta electricity prices.Statistics Canada notes Alberta’s electricity costs are often volatile and were influenced by high summer demand. July’s costs also rose compared with last year due to the province phasing out temporary measures that helped keep energy costs lower before the summer.El...