Today’s topics

• Japan’s Cat Island needs help with…cats!

• Rolex’s biggest release of 2024

• Inmates won their right to watch the Eclipse

• US beefs up domestic chip production

• Drones to cancel insurance policies

  and more…

On Tuesday, the Dow Jones ended the day slightly below breakeven, as investors found it challenging to build any positive momentum ahead of the forthcoming key U.S. inflation data release. The index dipped by 9.13 points or fell by 0.02%, closing at 38,883.67. Meanwhile, the S&P 500 managed a modest rise of 0.14%, finishing at 5,209.91, and the Nasdaq increased by 0.32%, ending the day at 16,306.64.

Total Eclipse: big bucks for businesses. Hotels, motels, and skydiving outfits are cashing in as millions flock to witness the total eclipse. Texas and New York economies soared with a tourism surge. Eyeglass makers and skydiving companies gear up for the influx. Experts projected a $1.6 billion boost for the US economy.

Inmates win eclipse viewing battle. Six inmates won a legal victory in their attempt to watch the solar eclipse after officials said no. Locked down during the celestial show, they sued, citing religious rights violations. The legal win came amid controversy over the prison's lockdown plan.

Biden's debt relief 2.0: $20K interest swipe. President Biden reintroduced a revamped student loan forgiveness plan, aiming to erase up to $20,000 in interest for millions of borrowers, potentially impacting 25 million individuals. This provision, a centrepiece of his updated relief program, signals a renewed effort to tackle student debt while navigating legal hurdles that stalled previous initiatives.

Bitcoin bounces back to $72K and drops again. Bitcoin recovers to $72,000 after a rocky start to April, nearing its all-time high. The market sees ups and downs, with futures interest surged. Volatility triggers $58M in short position liquidations in 24 hours, with one hitting $7.83M.

US Injects $6.6B into TSMC for Chip Boost

The US Commerce Department seals a deal, granting $6.6 billion to TSMC for semiconductor factories in Arizona and offering another $5 billion in loans. Why? Beefing up domestic chip production amidst US-China tensions.

AI to outsmart humans soon. Elon Musk forecasts that artificial intelligence will surpass human intelligence, potentially as soon as next year or by 2026.

Drones eyeing insurance policy cancellations. Insurance companies are turning to advanced technology, including drones, manned planes, and surveillance balloons, to scrutinize homes and find reasons to cancel insurance policies. However, while these high-tech tools provide detailed aerial footage, there are concerns that the images may need to be more accurate or updated, potentially leading to unjust cancellations of policies.

US Test Cloud Brightening Tech to Cool Earth

Scientists in the US conducted the first outdoor test of cloud-brightening technology aimed at reflecting some of the sun's rays to cool the overheating Earth. The machine releases salt aerosols and seeks to alter cloud composition above oceans. Unlike other methods, this approach is localized and uses sea salt aerosols, which are considered less harmful.

Korea's 'artificial sun' hits record. Korea's KSTAR, dubbed the "artificial sun," reaches a milestone in nuclear fusion, sustaining temperatures of 100 million degrees Celsius for 48 seconds during a plasma operation. This research is a green light for acquiring core technologies required for the fusion DEMO reactor.

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Cat Island

Cat Island in Japan's Ehime Prefecture is famous for lots of cats, much more than people. They came to catch mice on boats, but now there are too many. Tourists love it, but there needs to be more folks to feed them.

Rolex's Biggest Release of 2024

Rolex shines with its major 2024 release, featuring a new GMT model as the crown jewel.

Tesla thieves stopped by battery drain. A Hollywood police chase hit a snag when a stolen Tesla ran out of juice mid-road.

4-day workweek boosts well-being. Exos CEO Sarah Robb O'Hagan reveals the positive impact of a 4-day workweek on employee morale and productivity. 

Saudi's Neom City downsized. Saudi Arabia slashes its Neom megacity ("The Line") population goal for 2030 from 1.5 million to under 300,000.

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