Miracle Flights Spark Outrage!

Market Sizzle: Gas Drops, Retirement Crisis, Ether ETFs, Nvidia's AI Battle ͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­ Forwarded this email? [Subscribe here]() for more [Miracle Flights Spark Outrage!]( Market Sizzle: Gas Drops, Retirement Crisis, Ether ETFs, Nvidia's AI Battle [Josh Belanger]( May 24   [READ IN APP](   Is it a bird? Is it a plane? No, it's a "miracle flight"! 🦽✈️ As we dive into Memorial Day weekend and prepare for summer's official start, Southwest Airlines finds itself in the spotlight. Passengers are allegedly faking mobility issues to secure priority boarding and better seats. It's become so common, folks are calling these incidents "miracle flights." Imagine the shock when someone wheels on board, only to walk off without a hitch. While Southwest tries to keep things fair, these crafty fliers are giving everyone a reason to roll their eyes. Enjoy the three-day weekend, and if you're flying, don't be surprised by a few miraculous recoveries! Gas Prices Drop for Summer Good news for road trips! Gas prices are going down. Last week, the average cost of regular gas in the U.S. was $3.58 a gallon. That’s lower than last month and similar to last year. Prices are down in every region. Las Vegas, Phoenix, and Sacramento saw big drops. This helps drivers just in time for Memorial Day weekend. AAA says 38.4 million people will travel 50 miles or more by car. Lower gas prices are also helping the Federal Reserve fight inflation. The government is releasing more gasoline to keep prices low. This summer looks good for drivers. More oil is coming from U.S. drills and other countries, so crude prices are lower too. However, gas demand is flat because more people are driving hybrids and electric cars. Retirement Crisis Looms Large Many Americans can't afford to retire. Pension expert Teresa Ghilarducci says millions won't save enough. Traditional pensions, 401(k)s, and IRAs total $38 trillion, but it's not enough. Most workers don't get the help they need. This worries Wall Street leaders like BlackRock's Larry Fink. Ghilarducci suggests a national plan to auto-enroll workers without pensions into managed funds. She criticizes the idea of working longer. Many jobs today are too hard for older workers. Over half of retirees were forced out due to health or layoffs. Ghilarducci argues it's not fair to expect individuals to handle retirement savings alone. She proposes enhancing Social Security and creating a government-administered pension plan. This would ensure everyone has some help for retirement. Ether ETF Approval Shocks Crypto The SEC approved the first ether ETFs in the U.S. This allows mainstream investors to buy and sell ether easily. Ether is the main token on the Ethereum blockchain. The SEC's decision surprised many. SEC Chair Gary Gensler had tried to limit crypto in traditional finance. Now, this approval may lead to more funds with other risky tokens. Bitcoin ETFs have been very popular. It's unclear if ether ETFs will do as well. Ether's value is one-third of bitcoin's and can be very volatile. Some watchdogs are worried about this move. They say ether is too risky and prone to fraud. The SEC's approval suggests they no longer see ether as a security. This could change how ether is regulated. Crypto firms are happy with the SEC's decision. They hope this means more approvals in the future. Nvidia's AI Domination Tested Nvidia had another strong quarter, but challenges are emerging. Rivals and key customers are creating their own chips to compete. The AI market is changing, making Nvidia's dominance less certain. AI startups struggle to earn money after big hardware investments. Nvidia's AI chips are powerful, but smaller models might need less power. This shift could reduce Nvidia's chip demand. Nvidia's stock has soared, but can it keep up the pace? CEO Jensen Huang says Nvidia is ready, moving beyond chips to building data centers. Other companies like Google and Amazon are designing their own AI chips. This adds more pressure on Nvidia. Despite the competition, Nvidia is pushing forward with new chip versions. The AI market's future remains uncertain, but Nvidia aims to stay ahead. Quick Sizzles: - China Bond Frenzy Sparks Chaos Small investors drive wild swings in new sovereign bonds. Prices surged over 13% in a minute, triggering trading halts, as demand for safer investments rises. - Companies Gamble Big on Rate Swaps Firms save millions by betting on interest-rate shifts. Uncertainty over Fed rate cuts creates opportunities for companies to lock in savings through interest-rate swaps. - Boeing's Financial Tailspin Worsens Jet maker faces deeper cash woes amid production issues. Boeing expects higher cash burn and production slowdowns, leading to stock value losses. - Yellen Demands EU Tackle China Calls for a united front against cheap Chinese tech. Janet Yellen warns that unchecked Chinese exports threaten global industries and urges coordinated action. - Amazon Ditches Nvidia's Latest Chip AWS halts orders, eyes more powerful Nvidia model. Amazon pauses orders for Nvidia’s superchip, awaiting a new, more advanced version amid concerns over demand dips. - Index Providers' Revenue Crisis Fee squeeze hits lucrative indexing industry hard. Global revenues rise slower than fund assets, as competition and fee pressures mount on index providers. That’s today’s Market Sizzle; good trading, good life! You're currently a free subscriber to [Josh Belanger](. For the full experience, [upgrade your subscription.]( [Upgrade to paid](   [Like]( [Comment]( [Restack](   © 2024 Josh Belanger 548 Market Street PMB 72296, San Francisco, CA 94104 [Unsubscribe]() [Get the app]( writing]()