U.S. Sanctions Russia, Nvidia Hits $2 Trillion, and a Little Crying in Baseball
RJ Hamster
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SATURDAY, FEBRUARY 24, 2024
Happy Saturday! On this day in 1868, the House of Representatives passed a resolution to impeach President Andrew Johnson for “high crimes and misdemeanors.” He was the first US President to be impeached. (Read more)
What are you up to this weekend? The Editor will be spending some time outside enjoying “Fake Spring,” that time of year when temperatures rise and winter seems to be disappearing… just before another round of snow.
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This weekend’s edition is brought to you by our friends at Incogni. Check them out below!
Russia Hit With New Sanctions
More than 600 new sanctions were levied on Russia by the U.S., U.K., and the E.U. in response to the death of opposition leader Alexey Navalny.
It’s the largest batch of sanctions since the Russian invasion of Ukraine two years ago. The penalties targeted Russian financial institutions and manufacturing industries, and they imposed travel restrictions on select Russian officials.
President Biden hinted at a new wave of sanctions earlier this week after reports of Navalny’s death began to appear. Biden told reporters he had “no doubt” Putin was behind the death of Navalny.
The administration indicated further sanctions were a possibility and told journalists to “expect more.”
Nvidia Valued at $2 Trillion
Artificial intelligence pioneer Nvidia eclipsed $2 trillion in market value Friday after the Silicon Valley firm posted better-than-expected earnings in the fourth quarter.
It took Nvidia only eight months to jump from $1 trillion to $2 trillion in market value, the fastest ever by a U.S. company.
Nvidia’s 4Q earnings of more than $22 billion, about $2 billion more than expectations, were fueled by worldwide demand for its graphics processors and servers that power AI software. The positive quarter initiated a one-day market value increase of $277 billion, a Wall Street one-day gain record.
Nvidia is poised to continue its record run on Wall Street. CEO Jensen Huang said generative AI products have hit the tipping point and “demand is surging worldwide.”
Weekend Viewing Options
If you are like The Editor, weekends without football can be a bit trying. It’s a good thing there are plenty of streaming options while we wait for the next season to kickoff.
A live-action version of the hit animation show “Avatar: The Last Airbender” debuted on Netflix this week. Other big additions were multiple oscar-winning movie “Everything Everywhere All at Once” and a new season of “Formula 1: Drive to Survive.”
Apple TV+’s “Masters of the Air,” a brilliant WWII drama by the makers of “Band of Brothers,” has aired six of its planned nine episodes. There is plenty of time to catch up before the finale.
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➤ A jury ruled that former NRA chief Wayne LaPierre mismanaged funds and cost the gun rights group over $5 million dollars with lavish spending. Jurors decided that LaPierre must pay back over $4.3 million. (More)
➤ A Gallup poll recorded President Biden’s approval at 38%. Voters registered concerns over the administration’s handling of the wars in the Ukraine and Gaza, immigration, and the economy. (More)
➤ New Orleans magician Paul Carpenter has claimed credit for the fake audio of President Biden sent to New Hampshire voters in January. He was paid $150 by a Democratic campaign. (More)
➤ President Biden criticized the Alabama Supreme Court’s decision that frozen embryos are children, calling it “outrageous and unacceptable.” (More)
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➤ The NFL set the 2024 salary cap at $255.4 million per club, an unprecedented $30 million increase over last year. The new cap was juiced by money deferred during the Covid pandemic and a recent bump in media revenue. (More)
➤ Some MLB players aren’t happy with their tight-fitting, see-through uniforms designed by Nike. “I know everyone hates them,” said Phillies shortstop Trea Turner. (See Photos)
➤ The 16th-ranked Indiana Hoosiers held Iowa’s Caitlin Clark to 24 points, nine below her season average, in an upset victory over the No. 4 Hawkeyes. (More)
➤ Former Alabama football coach Nick Saban expressed concern in an interview about the state of college football, and he says he wants to be a voice of reform. “The word ‘student-athlete.’ That doesn’t exist.” Saban said. (More)
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Ladies and Gentlemen: our most-clicked stories of the week. Enjoy!
➤ The old adage about the price of real estate and location remains true, according to American Home Shield’s recent list of the most and least expensive homes in America. (See List)
➤ Prompted by a 1935 contest by the U.S. Department of Commerce, Waldo Waterman constructed the first true flying car in America, the Arrowbile. (See Photos)
➤ A decommissioned European satellite resembling a “Tie-Fighter” from Star Wars was recorded nearing the Earth’s atmosphere. (See Photos)
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➤ Thursday’s nationwide cell phone outage was not the result of a cyberattack, according to AT&T’s initial investigation. (More)
➤ Advanced forensic DNA techniques helped Portland, Oregon police identify the remains of Sandra Young, a woman missing since the late 1960s. (More)
➤ In a forgettable game where he went 0-4 at the plate, LSU designated hitter Hayden Travinski will be remembered for using a bat wrapped to resemble a giant No. 2 pencil. (See Photo)
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➤ If you’ve got a little extra jelly around your belly, it’s no laughing matter… Doctors are now calling this specific type of fat (formally known as visceral fat) “death fat.” Unlike other types of fat, a surprising medical study linked this “death fat” directly to your blood sugar levels… (Learn More)
Have you ever used a telephone to make a prank call?
