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TradeBriefs Editorial

From the Editor's Desk

Melanoma is overdiagnosed at alarming rates. Heres what to know. - National Geographic Premium (No paywall)

More than 80,000 Americans are told each year they have melanoma skin cancer. If that sounds like a lot, it’s because the numbers are six times higher than they were 40 years ago. But rather than resulting from increased environmental risk factors or more thorough detection, experts increasingly attribute the jump to overdiagnosis. A recent paper published in the journal BMJ Evidence-Based Medicine adds to mounting evidence that the majority of people in the United States are receiving melanoma diagnoses unnecessarily. The research suggests that though cells biopsied from their skin may look abnormal under the microscope, they are unlikely to lead to current or future health problems.

The researchers conclude that 65 percent of white women and 50 percent of white men are overdiagnosed after they compared overall mortality rates with the lifetime risk of receiving a melanoma diagnosis. The study was limited to white people, a group significantly more likely to develop the disease.

Continued here


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$1.7 trillion chip giant Nvidia just gained over $100 billion in value after a blowout quarter, but this mega-bearish analyst says the tech industry is in an AI bubble  
  

$1.7 trillion chip giant Nvidia just gained over $100 billion in value after a blowout quarter, but this mega-bearish analyst says the tech industry is in an AI bubble
To be sure, whether or not the market is in the midst of an AI bubble is still hotly debated. Joshi isn’t alone in thinking there is one. Morgan Stanley cautioned against racing headfirst into AI, lest investors not have an adequate lay of the land before the bubble bursts. Meanwhile Goldman Sachs and others argue that soaring returns aren’t a bubble, just the market rewarding the future of technology.


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This Is the Best Time to Get a Flu Shot  
  

This Is the Best Time to Get a Flu Shot
Getting the flu shot any time during respiratory virus season is better than not getting it at all. But vaccine protection wanes, so timing the shot properly can help antibodies peak when cases are highest.






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Super Bowl parade shooting: The real story behind fake criminal 'Sahil Omar'  
  

Super Bowl parade shooting: The real story behind fake criminal 'Sahil Omar'
It was the latest fake rumour mentioning the "Sahil Omar" name, which has been linked to a number of other recent events: an explosion at a border crossing in Niagara Falls, shootings in Las Vegas and Prague, a sexual assault on the London Underground, a gas explosion in Texas and others.


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It's not just rising sea levels - the land major cities are built on is actually sinking, NASA images show  
  

It's not just rising sea levels - the land major cities are built on is actually sinking, NASA images show
Rising sea levels are threatening the East Coast of the U.S., but that's not the only thing to worry about, according to NASA. Images shared by the space agency on Tuesday show the coast is actually sinking — including the land that holds major cities such as New York and Baltimore. 




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Japan's Nikkei 225 index passes record high after 34 years - FT (No paywall)  
  

Benchmark tops highest-ever level reached in late-1980s asset bubble after powerful rally since January


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Top Goldman Sachs investment bankers threaten to quit over committee snub - FT (No paywall)  
  

Mark Sorrell and Gonzalo Garcia were excluded from operating group set up under chief David Solomon




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House of Commons descends into chaos over Gaza vote - FT (No paywall)  
  

Tories and SNP walk out after accusing Speaker of siding with Labour on selection of ceasefire amendment


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The End of Airbnb in New York - WIRED (No paywall)  
  

The End of Airbnb in New York
Local Law 18, which came into force Tuesday, is so strict it doesn’t just limit how Airbnb operates in the city—it almost bans it entirely for many guests and hosts. From now on, all short-term rental hosts in New York must register with the city, and only those who live in the place they’re renting—and are present when someone is staying—can qualify. And people can only have two guests.




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Rivian Stock Plummets 15% After Layoffs Announced - Forbes (No paywall)  
  

Rivian Stock Plummets 15% After Layoffs Announced
Shares of electric vehicle manufacturer Rivian fell more than 15% in after-hours trading Wednesday after the company announced it would be laying off 10% of its salaried workforce in response to an increasingly difficult market.


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Boeing ousts head of 737 Max business after door-panel blowout - FT (No paywall)  
  

Ed Clark managed Seattle-area factory where plane involved in Alaska Airlines incident is built




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Hedge fund Rokos makes $1bn from bet on US interest rates - FT (No paywall)  
  

Asset manager run by billionaire trader Chris Rokos has gained 9% this year


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Joe Biden dog Commander bit Secret Service agents at least 24 times  
  

Joe Biden dog Commander bit Secret Service agents at least 24 times
The documents were revealed through Freedom of Information requests and posted online. They are heavily redacted to protect the identity of Secret Service agents and secrecy of their security tactics.


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'Space junk' unicorn backed by Japanese billionaire wants to clear the skies for Elon Musk and Jeff Bezos - Fortune (No paywall)  
  

'Space junk' unicorn backed by Japanese billionaire wants to clear the skies for Elon Musk and Jeff Bezos
Now a Tokyo-based startup run by a veteran of McKinsey & Co. and Japan’s Ministry of Finance is sending a spacecraft to inspect the debris, a major step in the effort to counter the threats that human-made space junk pose to multibillion-dollar systems being deployed by Elon Musk, Jeff Bezos and others.




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Americans Gambled A Record $66.5 Billion In 2023 - Forbes (No paywall)  
  

Americans Gambled A Record $66.5 Billion In 2023
American casinos continued their winning ways in 2023, smashing the record set a year earlier. Total revenue generated from slot machines, table games, sports betting and iGaming (mobile casino games) hit $66.5 billion in 2023, a 10% increase over 2022, according to a new report published by the American Gaming Association.


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What to Know About American Airlines Reward Changes  
  

What to Know About American Airlines Reward Changes
Collecting miles and loyalty points with American Airlines will soon become somewhat harder, with the carrier announcing on Tuesday changes to its AAdvantage rewards program that limit how customers can earn frequent-flyer points.




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Why Britain Is Struggling With Nuclear Power  
  

Why Britain Is Struggling With Nuclear Power
Nuclear power is regaining favor in the West as a tool for reducing greenhouse gases, and the British government last month announced the “biggest expansion of nuclear power for 70 years.” But nuclear energy’s track record in Western Europe and the United States is not encouraging, with delays and staggering cost overruns plaguing recent projects. The fate of Hinkley Point and another project, planned on England’s east coast in the village Sizewell, could determine whether the nuclear momentum in Britain gathers pace or peters out.


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Opinion | Alabama’s I.V.F. Ruling Shows Our Slide Toward Theocracy  
  

Opinion | Alabama’s I.V.F. Ruling Shows Our Slide Toward Theocracy
I called Sean Tipton, the chief advocacy and policy officer at the American Society for Reproductive Medicine, who told me: “One of the points in the abortion debate is, ‘Is it really about abortion or is it about controlling women and controlling sex?’ And this clearly exposes the idea that it’s not just about abortion.” He said, “There is no more pro-life medical treatment available, ever, than in vitro fertilization, and this decision clearly threatens the ability for that to continue.”


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Queensland to invest hundreds of millions in battery export industry that could employ thousands  
  

Queensland to invest hundreds of millions in battery export industry that could employ thousands
“It’s exciting to see that this strategy includes $275m for battery innovation. We know emerging technologies, such as vanadium and iron flow batteries, have unlimited cycle life and have a long duration of between 8 and 14 hours,” renewables campaigner Stephanie Gray said.


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Martin Luther King Jr memorial vandalized in Colorado park  
  

Martin Luther King Jr memorial vandalized in Colorado park
The memorial is one of numerous historical Black monuments recently reported stolen or vandalized in the US. Last month, more than 100 plaques were stolen from one of Los Angeles’s first Black cemeteries. A statue honoring Jackie Robinson was also stolen from a Little League baseball field in Kansas. A plaque recognizing the racist history of a California beach town was stolen at the end of January.


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The US is heading towards stagflation, which would be terrible news for stocks, JPMorgan says  
  

The US is heading towards stagflation, which would be terrible news for stocks, JPMorgan says
JPMorgan Chase CEO Jamie Dimon has previously mentioned that 2024 could resemble the 1970s, saying that the significant fiscal deficits, shifts in trade patterns, and dedication to substantial government expenditures — are \"all inflationary.\"


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Biden Calls Republicans in Congress ‘Worse’ Than Strom Thurmond  
  

Biden Calls Republicans in Congress ‘Worse’ Than Strom Thurmond
Reid J. Epstein covers campaigns and elections from Washington. Before joining The Times in 2019, he worked at The Wall Street Journal, Politico, Newsday and The Milwaukee Journal Sentinel. More about Reid J. Epstein


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Hydeia Broadbent, H.I.V. and AIDS Activist, Dies at 39  
  

Hydeia Broadbent, H.I.V. and AIDS Activist, Dies at 39
“I have dedicated my whole life to this fight,” she told CNN in 2012. “I don’t hate my life. I feel like I’m really blessed. But at the same time, my life doesn’t have to be their life. I didn’t have a choice when it came to H.I.V./AIDS, and people do have a choice.”


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Secret Service Had to Adjust Tactics to Avoid Bites From Biden’s Dog  
  

Secret Service Had to Adjust Tactics to Avoid Bites From Biden’s Dog
The 273 pages of emails and documents, with names redacted, shed new light on a period that generated great stress inside the White House before Commander, then age 2, was removed from the mansion. A previous presidential dog, Major, was moved out of the White House two years earlier for similar reasons.


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Lloyds sets aside £450m for car finance probe  
  

Lloyds sets aside £450m for car finance probe
If you are reading this page and can\'t see the form you will need to visit the mobile version of the BBC website to submit your question or comment or you can email us at [email protected]. Please include your name, age and location with any submission.


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Stocks in Japan Hit Record High, Surpassing 1989 Peak  
  

Stocks in Japan Hit Record High, Surpassing 1989 Peak
Corporate profits are strong, another reason investors are pouring money into Japan. Earnings at large Japanese companies are set to rise by more than 40 percent in their latest quarterly results, according to Goldman Sachs. The biggest companies, like Toyota and SoftBank, have also reported some of the biggest earnings surprises, the bank’s analysts noted. Toyota recently rose to a record market value for a Japanese company, about $330 billion, surpassing the mark set in 1987 by the telecom conglomerate NTT.


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New Freighters Could Ease Red Sea Cargo Disruptions  
  

New Freighters Could Ease Red Sea Cargo Disruptions
Before the attacks, ships from Asia would traverse the Red Sea and the Suez Canal, which typically handles an estimated 30 percent of global container traffic, to reach European ports. Now, most go around the Cape of Good Hope, making those trips 20 to 30 percent longer, increasing fuel use and crew costs.


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Home Depot Is Ordered to Reinstate Worker Who Quit Over ‘BLM’ Logo  
  

Home Depot Is Ordered to Reinstate Worker Who Quit Over ‘BLM’ Logo
Lauren McFerran, the labor board’s chairman, said in a statement on Wednesday that “it is well-established that workers have the right to join together to improve their working conditions — including by protesting racial discrimination in the workplace.”


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U.S. Moon Landing: How to Watch and What to Know  
  

U.S. Moon Landing: How to Watch and What to Know
Odysseus is aiming for a spot in the south polar region, a flat plain outside the Malapert A crater. (Malapert A is a satellite crater of the larger Malapert crater, which is named after Charles Malapert, a 17th-century Belgian astronomer.)


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BuzzFeed Sells Complex, a Pop Culture Start-Up, for $108.6 Million  
  

BuzzFeed Sells Complex, a Pop Culture Start-Up, for $108.6 Million
Benjamin Mullin reports on the major companies behind news and entertainment. Contact Ben securely on Signal at +1 530-961-3223 or email at [email protected]. More about Benjamin Mullin


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Woman Sues Tomato Company, Saying Those Weren’t San Marzanos in the Can  
  

Woman Sues Tomato Company, Saying Those Weren’t San Marzanos in the Can
Simpson Imports sells its canned and boxed tomatoes, as well as tomato sauces and a tomato paste, under its “San Merican Tomatoes” brand, which it said was made with a “proprietary blend of Roma tomatoes.” The company’s products are often recommended by food experts, including writers at The New York Times.


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The New York Times Wins 3 Polk Awards  
  

The New York Times Wins 3 Polk Awards
Samar Abu Elouf and Yousef Masoud of The Times won the award for photojournalism for their photographs of the conflict from inside Gaza, capturing the horrific toll of Israel’s airstrikes on civilians, including the death and injury of many children.


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U.S. Warns Allies Russia Could Put a Nuclear Weapon Into Orbit This Year  
  

U.S. Warns Allies Russia Could Put a Nuclear Weapon Into Orbit This Year
“We not only call for the observance of the existing agreements that we have in this area,” he was quoted as saying by the Russian state media, “but we have proposed many times to strengthen these joint efforts.”


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An HGTV Star’s Party Inspires a Question: What Makes a Home?  
  

An HGTV Star’s Party Inspires a Question: What Makes a Home?
An intimate gathering of about 30 guests had assembled to celebrate the publication of Mr. Brent’s first book, “The Space That Keeps You,” a collection of photos and stories of interesting people and their enviable houses.


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Rolls-Royce shares jump 8% after 2023 profits more than double  
  

Rolls-Royce shares jump 8% after 2023 profits more than double
Jarek Pominkiewicz, equity research analyst at Quilter Cheviot, said Rolls-Royce logged a \"remarkable performance\" in its full-year results, delivering a \"positive surprise with its Power Systems and Defence segments, which both exceeded the guidance and showed robust growth.\" 


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After recent gains, Russia signals it could try to seize Kyiv again — saying the 'regime must fall'  
  

After recent gains, Russia signals it could try to seize Kyiv again — saying the 'regime must fall'
Analysts at the Institute for the Study of War noted Tuesday that Russia is relishing its recent victory, stating that Putin and Shoigu have since \"preened themselves on the Russian seizure of Avdiivka.\" The success has come at a high cost, however, with estimates suggesting that Russia lost between 16,000 and 47,000 troops in the fight for the city.


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Delivery Hero ends talks to sell Foodpanda in Southeast Asia after months of negotiations  
  

Delivery Hero ends talks to sell Foodpanda in Southeast Asia after months of negotiations
On Wednesday, Delivery Hero said it remains open to mergers and acquisitions and \"will continue to assess potential alternatives\" that can create value for shareholders \"with high certainty of closing.\"


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AI and semiconductor stocks surge after Nvidia's earnings beat  
  

AI and semiconductor stocks surge after Nvidia's earnings beat
\"If I was going to just kind of put a stake in the ground relative to the conversation, whether it\'s related to market share or to their margins, I think they\'re going to surprise people,\" Gene Munster, managing partner of Deepwater Asset Management, told CNBC\'s \"Street Signs Asia\" on Thursday.


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Expensive toilets cause a stink at Japan's world expo  
  

Expensive toilets cause a stink at Japan's world expo
In a Kyodo poll conducted earlier this month, 27% of respondents said next year's expo should be postponed to prioritise the reconstruction of earthquake-hit communities. A similar proportion said the event should go ahead as planned, while 26.7% said it should be scaled down.


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Boss of Japan crime syndicate conspired to traffic nuclear material, say US prosecutors  
  

Boss of Japan crime syndicate conspired to traffic nuclear material, say US prosecutors
“He allegedly did so while believing that the material was going to be used in the development of a nuclear weapons programme, and the weapons-grade plutonium he trafficked, if produced in sufficient quantities, could have been used for that purpose,” Williams said in the news release.


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'I hope he got the extended warranty': US jokes about Russian car Putin gave to Kim Jong-un  
  

'I hope he got the extended warranty': US jokes about Russian car Putin gave to Kim Jong-un
Russia's best-known car is the Lada, which became the butt of jokes in the West during the cold war due to its no-frills utilitarian design, with its ultra-low price drawing budget-conscious drivers outside the Soviet bloc.


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TV presenter Jesse Baird and partner Luke Davies missing after blood found at home and in skip bin  
  

TV presenter Jesse Baird and partner Luke Davies missing after blood found at home and in skip bin
Police subsequently found blood when searching Baird’s Paddington home, and found furniture had been moved. Radmore said the amount of blood suggested someone had suffered a significant or major wound.


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Second accidental data leak in four months 'regrettable', Australian finance department says  
  

Second accidental data leak in four months 'regrettable', Australian finance department says
"These statistics suggest Australian government agencies should check they have effective systems for detecting, assessing, responding to and notifying data breaches," the OAIC said.


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It may not be winning back many hearts, but Qantas is making serious money  
  

It may not be winning back many hearts, but Qantas is making serious money
In the meantime, Qantas has flown out of the pandemic faster than most of its rival airlines, with its share price much closer to its pre-pandemic highs than peers like Air New Zealand, which are still languishing.


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Russia-Ukraine war live: Zelenskiy downplays loss of Avdiivka to Russian forces  
  

Russia-Ukraine war live: Zelenskiy downplays loss of Avdiivka to Russian forces
The Republican senator Lindsey Graham, a key ally of Donald Trump, has been added to a list of “terrorists and extremists” kept by Russia’s state financial monitoring agency. Tass, the state-run news agency, first reported the move by Rosfinmonitoring, which allows authorities to freeze Russian bank accounts, though in Graham’s case is likely to be chiefly symbolic.


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UK quits treaty that lets fossil fuel firms sue governments over climate policies  
  

UK quits treaty that lets fossil fuel firms sue governments over climate policies
Yamina Saheb, a former treaty official turned critic, counselled caution after a series of recent EU retreats from climate action. “If [the EU president] Ursula von der Leyen fails to withdraw the EU from the treaty, her mandate will be seen as a complete failure from the climate perspective. Countries that have already withdrawn from the ECT should pressure her to speed up the process.”


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UK criticised over apparent call to firms to rebuild disputed areas of Azerbaijan  
  

UK criticised over apparent call to firms to rebuild disputed areas of Azerbaijan
Global Witness has warned BP that its investment has indirectly helped to fund Azerbaijan’s military aggression against ethnic Armenians in the contested region. BP has previously said that it supports “a peaceful settlement to the conflict and hope[s] that a final resolution will soon be found”. A spokesperson declined to comment on the UK officials’ video meeting, or on its plans to build the Sunrise solar project.


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Francis Bacon portrait of lover George Dyer to go on sale  
  

Francis Bacon portrait of lover George Dyer to go on sale
The auction house said the painting served as a counterpoint to the “black triptychs” of the early and mid-1970s that commemorate Dyer, which are widely considered to be among Bacon’s greatest artistic triumphs.


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Germans must capitalise on anti-AfD momentum, says political veteran  
  

Germans must capitalise on anti-AfD momentum, says political veteran
He said: “Just knowing that in 1930 the [Nazi party] was on 15%, and three years later was in power, and to realise that the AfD is currently on 19% or 20%, and in east German states is on 30% or more, then you have an idea as to how quickly everything can happen.”




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