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The Electric Daisy Carnival in Las Vegas has been postponed yet again and is joining a growing list of companies canceling or pushing back in-person events amid the pandemic.EDC Las Vegas 2020 was originally scheduled to take place at the Las Vegas Motor Speedway in May of this year. Due to the coronavirus pandemic, the event was pushed back to October.On Sunday, however, Insomniac CEO and Founder Pasquale Rotella announced new dates for the event, officially postponing it to next year.The new dates are May 21-23, 2021.RELATED: Events in Las Vegas pull plug amid coronavirus pandemicAccording to the EDC website, all tickets will be honored for the new dates. If you are unable to attend the rescheduled dates, customers are asked to fill out the festival verification here. In a post to Instagram, Rotella wrote: 827

The fourth nor'easter in three weeks already is closing schools and canceling thousands of flights Wednesday as it's expected to dump record springtime snow in the Northeast.A day after the official beginning of spring, the storm will bring heavy snow, strong winds and even coastal flooding to some areas. It has potential to be one of the most significant and most disruptive snowstorms this late in the season, CNN meteorologists said."If the current forecast pans out, this nor'easter will dump more snow on Washington, Philadelphia and New York than the three earlier storms combined," CNN meteorologist Brandon Miller said.More than 70 million people are under a winter storm watch, warning or advisory from the southern Appalachians to Boston.The storm will move away from the region by Thursday but not without first hitting coastal New England and Maine.Latest developments? More than 4,100 flights are canceled Wednesday due to the storm, according to the tracking site Flightaware.com.? Public schools in New York City, Philadelphia and the District of Columbia are closed Wednesday.? The storm already dumped 13 inches of snow in Greencastle, Pennsylvania, and blanketed Smith Crossroads in West Virginia with 9.2 inches.Snow disrupting nation's capitalWashington will likely see 4 to 6 inches of snow, with some models hinting at much higher totals for the District. Areas west and north of the city are likely to see close to a foot of snow."It's been 75 years since Washington has had 5 inches of snowfall or greater this late in the season," Miller says.Track the storm with high resolution auto-updating graphicsThe inclement weather caused closures for much of the federal government. The White House and State Department canceled all public events for the day. However, the House and Senate are planning to work Wednesday as Congress tries to finalize a spending deal.Philadelphia could see up to a foot of snow. The City of Brotherly Love may get its biggest snowfall after the first day of spring in more than 100 years.For those in other parts of Pennsylvania, the storm was already well underway Wednesday morning. Thile Kreider posted an Instagram video of the snow blanketing her yard in Manheim.New York could break 1958 recordWind gusts and snow reached New Jersey and New York City on Wednesday morning. Ten inches to more than a foot is forecast in the New York City area before the storm departs early Thursday.But Central Park in Manhattan may only receive 4 to 6 inches of snow, CNN meteorologist Chad Myers said, explaining it's more likely snow will accumulate in areas at higher elevations."If New York gets 12 inches of snow -- the National Weather Service currently has a high-end potential of 13 to 21 inches -- it would be its largest snowfall ever recorded after the first day of spring," Miller says.The current record is 11.8 inches, set on March 21, 1958.With these late winter storms, it is difficult to predict snowfall amounts because of the mixing of warmer air. In some of the earlier nor'easters, the air near the ground has stayed warm enough that places like New York have seen lots of snow fall from the sky but had little accumulation. An urban heat island effect is plausible once again with this spring storm.Boston stayed on the warmer side in the first two nor'easters but then got walloped with snow during the third storm this month. The city is likely to see another 6 to 8 inches of snow, adding to the 20-plus inches it has already received in March.If Boston gets 10 inches, the city would have its third snowiest March on record.These late winter storms are likely to become more frequent with climate change. A study last week in the scientific journal Nature Communications ties extreme winter weather, specifically major snowstorms in the Northeast, to warming Arctic temperatures.Blizzard conditions likelyWith a forecast of heavy snow and winds more than 45 mph, blizzard conditions are possible.New York City could see sustained winds of 20 to 30 mph Wednesday, and coastal areas such as Cape Cod in Massachusetts are predicted to receive gusts up to 60 mph from midmorning Wednesday to Thursday.What is makes a snow storm a blizzardFlooding is a threat along the coast from Virginia to Massachusetts. Some of the worst coastal flooding could occur along the Jersey Shore, with high tides of 2 to 3 feet above normal possible.This will put a strain on already vulnerable coastal areas, which saw dramatic storm surges from the nor'easters over the last three weeks.The-CNN-Wire 4555

The current day trading boom will end as these frenzies always do: in tears. While we wait for the inevitable crash, let’s review not only why day traders are doomed but also why most people shouldn’t trade, or even invest in, individual stocks.Day trading basically means rapidly buying and selling investments, hoping to profit from small price fluctuations. Brokerages have reported a surge in trading and new accounts this year, starting with March’s stock market crash when investors rushed in looking for bargains. As pandemic lockdowns kept people from their jobs and classrooms, trading continued to soar, especially among young adults.The poster child for this gold rush is Robinhood, a commission-free investing app that uses behavioral nudges to encourage people to trade. Robinhood added over 3 million accounts this year and in June logged more trades than any of the established, publicly traded brokerages. More than half of its customers are opening their first investment account, the company says.People can start trading with small amounts of money because Robinhood offers fractional shares. In addition to stocks and mutual funds, the app allows trading in options, cryptocurrencies and gold. Customers start out with a margin account, which allows them to borrow money to trade and amplify both their gains and their losses.Alexander Kearns, 20, is one example of what can go wrong. The University of Nebraska student killed himself after seeing a 0,165 negative balance in his Robinhood account. The novice trader may have misunderstood a potential loss on part of an options tradethat he made using borrowed money as a loss on the whole transaction. In reality, he had ,000 cash in his account when he died.Research has shown that the vast majority of day traders lose money, and only about 1% consistently get better returns than a low-cost index fund. A rising stock market, and a flood of inexperienced and excitable investors willing to bid up stock prices, has convinced more than a few day traders that they’re part of that 1%. They’re being egged on by the few people who actually will make money: the hucksters selling seminars, e-books and strategies that purport to teach you how to successfully trade.Stocks don’t always go upStocks overall are an excellent way to gain wealth over the long term. If you can weather the downturns, stocks historically have offered good returns.Those downturns can be doozies, however. Stocks lost half their value during the Great Recession that started December 2007. The market lost nearly 90% of its value in the early years of the Great Depression.Extended downturns have popped previous day trading bubbles, including the one that formed during the dot-com boom. The Nasdaq composite stock index rose 400% in five years, only to lose all of those gains from March 2000 to October 2002.Markets that go down eventually come back up. That’s not true of individual stocks. Any single stock can lose value, sometimes all the way to zero, and never recover.The sensible way to hedge that risk is diversification. That means buying stocks in many, many companies, including companies of different sizes, in different industries and in different countries. That’s prohibitively expensive for most individual investors, which is why mutual funds and exchange-traded funds are a better bet.There’s no such thing as a free tradeAnother way to grow wealth is to minimize investing costs. That means trading less, not more, because trading incurs costs even when there are no commissions involved.Investments held more than a year benefit from favorable capital gains tax rates, for example. Those held less than a year are taxed as income if the trade wasn’t made in a tax-deferred account such as an IRA.Another way cost is incurred is in what’s known as the bid/ask spread. The banks and financial institutions that facilitate trading in various stocks are called market makers. They offer to sell stocks at a certain price (the ask price) and will purchase at a slightly lower price (the bid price). People who trade stocks instantly lose a little money on each transaction because of this difference. That’s not a big deal for infrequent traders, but the costs add up if you churn stocks in and out of your portfolio.The biggest potential cost, though, is that every trade exposes your portfolio to the many ways we humans have of screwing up our money. We’re loss-averse and we want to avoid regret, so we hang on to losing stocks. We think that we can predict the future or that it will reflect the recent past, when this year should have taught us that we can’t and it won’t.We also think we know more than we do, a cognitive bias known as overconfidence. If you’re determined to trade, or day trade, don’t gamble more than you can afford to lose, because you almost certainly will.This article was written by NerdWallet and was originally published by the Associated Press.More From NerdWalletSuddenly Retired? Here’s What to Do NextSmart Money Podcast: Sudden Retirement and Finding Lost MoneyYou Can Use a Crisis to Build Helpful Money HabitsLiz Weston is a writer at NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. 5216

The Federal Aviation Administration issued an emergency directive for inspections of certain Boeing 737 planes due to recent reports of engine shutdowns.The FAA issued an emergency airworthiness directive on Thursday for certain Boeing 737s that have been in storage for more than a week.According to the directive, a certain engine valve may be responsible for four recent reports of engine shutdowns. Agency officials suspect that the valve may become corroded during storage, causing it to remain stuck in the open position.The directive requires that any Boeing 737-300, -400, -500, -600, -700, -700C,-800, -900, and -900ER that have been in storage for a week or longer undergo an inspection before being put back into use. The directive also requires inspections for any of those Boeing models that have completed "less than 10 flight cycles" at the time of the directive after coming out of storage.The inspection order was released the same day that CNBC reported that Boeing told lenders to expect fewer deliveries of its 737 Max planes that initially expected. The 737 Max, a plane Boeing has been developing for years, was grounded in 2019 after a series of crashes. 1185

The Fourth of July marks the busiest time of the year for animal shelters as pets are spooked due to the noise of fireworks.In order to keep pets out of the shelter and safe at home, Nationwide Insurance offered the following tips on caring for your pets this weekend:Microchip your pet. While every pet – even indoor cats – should have a collar with an up-to-date ID tag, collars can be easily removed or slipped. That's why a microchip is your best bet for being reunited with a lost pet. Microchips - the size of a grain of rice - are a form of permanent ID injected just under the skin. It's important that owners keep microchip information current.Use pet ID tags. Make sure your pet has an ID tag and that it's being used to its best advantage. Don't waste tag space with the pet's name, your name, or your address. Instead, put "Reward!" on the tag and as many phone numbers as you can fit, including area code. It's best to meet anyone who has found your pet on safe, neutral ground.Talk to your veterinarian about anti-anxiety medications. In recent years, safe and effective medications to treat noise phobia in pets have become widely available. Pick these up before the Fourth of July and follow your veterinarian's guidance on administering them. Once a pet's noise phobia has been activated, it can be difficult to manage the panic and fear they feel.Keep pets secure at home while out. It's not the best idea to take your pet out on the Fourth, but if you do, always use a leash. Once the fireworks begin, bring your pets inside, pull drapes to keep bright lights out, and turn on "white noise" to help dampen the sound. While classical music has been clinically shown to be calming, you can also find playlists or CDs arranged specially to help keep pets more relaxed.If your pet escapes, begin looking for them right away. Contact all area shelters as soon as they're open, and post information in community forums and groups online immediately. Remember that a frightened pet can travel pretty far or be picked up by someone out of the area, so cover nearby areas as well. Cats tend to hide when lost or frightened, so post flyers in your neighborhood and ask neighbors to check sheds, garages, and other possible hiding places.Keep looking. Pets can be found weeks and months after they're lost and are usually reunited because of a microchip.Remember - fireworks aren't the only hazard. While parties may not be as common this year because of social distancing, even small family gatherings can be troublesome. Make sure visitors keep medications locked up and are asked to help keep doors and gates closed. In addition, summer celebrations mean food and other hazards that should be avoided. More information on those dangers can be found here. 2773

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