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Thursday, April 10, 2025
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Good Morning! On this day in 1849, Walter Hunt, a mechanic and inventor from New York, patented the safety pin but sold the rights for just $400. While later entrepreneurs made a fortune from it, Hunt did not earn anything more.
Perhaps some of our readers grew up on a farm or still run one—tell us, is this how you used to call the cows? Today’s Et Cetera features an ancient Swedish herding call that’s as haunting as it is beautiful.
We’re sponsored today by StorEn, offering an investment opportunity in a groundbreaking battery technology.
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Dow Soars 2,900 Points as Tariffs Paused
The Dow Jones Industrial Average surged nearly 2,900 points Wednesday, leading a historic rally after President Trump announced a 90-day pause on most global tariffs.
The S&P 500 jumped 9.5%—its biggest gain since 2008—while the Nasdaq soared over 12%.
Tariffs were dropped to a universal 10% for most countries, though Trump raised duties on Chinese imports to 125%. The White House framed the reversal as a “pause” while “negotiations are ongoing.”
Apple stock skyrocketed 15%—its best day since 1998—reclaiming its title as the world’s most valuable company. The tech-heavy Nasdaq recorded its best session since 2001.
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Feds Freeze $1.8 Billion in Funds for Cornell, Northwestern
The Trump administration has frozen over $1 billion in federal funding for Cornell University and $790 million for Northwestern University while investigating alleged civil rights violations, officials said Tuesday.
The freeze impacts grants and contracts from agencies including defense, health, education, and agriculture.
The administration has cited concerns over campus antisemitism, pro-Palestinian protests, diversity programs, and transgender policies as grounds for the review.
Both universities say they haven’t received full details but are seeking clarification.
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Masters Tournament Tees Off Today
The 2025 Masters Tournament, perhaps golf’s most prestigious event, opens today at Augusta National Golf Club in Georgia, expected to draw around 90,000 patrons daily, totaling nearly 200,000 over the course of the tournament.
The field includes 96 top golfers, featuring defending champion Scottie Scheffler and Rory McIlroy, who will once again attempt to complete his career Grand Slam. Former champion Ángel Cabrera returns after serving a prison sentence.
Making history, Danish twins Nicolai and Rasmus Højgaard will become the first twin brothers to compete in the Masters, delighting fans with their synchronized outfits and charming personalities. Watch their identical swing here.
The tournament also remains steeped in tradition—patrons are famously prohibited from sitting on the grass. See the full schedule here.
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➤ Kash Patel has been removed as acting director of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) and replaced by U.S. Army Secretary Daniel Driscoll, according to multiple sources. (See Details)
➤ IRS Acting Commissioner Melanie Krause is stepping down over a deal to allow Immigration and Customs Enforcement (ICE) to access immigrant tax data for deportation efforts, sources say. (More)
➤ Budget airline Avelo Airlines has signed an agreement with the Department of Homeland Security to operate deportation flights for ICE from Arizona beginning in May, sparking calls for a boycott of the airline. (More)
➤ The Justice Department said that some Jan. 6 defendants whose convictions were vacated by President Trump’s mass clemency are entitled to refunds of restitution paid for Capitol damages. (See Details)
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➤ The Oklahoma City Thunder set a new NBA record with 51 double-digit wins in a single season. (More)
➤ Keegan Bradley hit a hole-in-one on No. 6 during the Masters practice rounds yesterday. The golf tournament officially starts this morning at 7:15 a.m. ET. (Watch Video)
➤ Pool groupings and schedules have been released for the 2026 World Baseball Classic. Fans can cheer on Team USA at Daiken Park, the home of the Houston Astros, when pool play begins on March 6, 2026. (More)
➤ Yesterday’s results: MLB | NBA | NHL | NCAABB | NCAASB | Soccer
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Daily Market Report 04/09/2025
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NASDAQ National Association of Securities Dealers Automated Quotations |
17,124.97 |
12.16%
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SPX S&P 500 |
5,456.90 |
9.52%
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DJI Dow Jones Industrial Average |
40,608.45 |
7.87%
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BTC Bitcoin |
$82,713.07 |
8.44%
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▲ |
GOLD Per Ounce |
$3,100.00 |
4.43%
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TSLA Top Gainer |
$272.20 |
+22.69%
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Bitcoin and Gold are traded 24 hours a day.
➤ Big Stock Move: Tesla stock jumped 23% Wednesday as part of a major market rally sparked by President Trump’s announcement of a 90-day tariff pause. (More)
➤ The Keystone oil pipeline was shut down Tuesday morning following a rupture in North Dakota that halted the flow of crude from Canada to U.S. refineries. (More)
➤ A sweeping internal investigation at Fannie Mae has led to the dismissal of over 100 employees for unethical conduct, including facilitating fraud. (See Details)
➤ MSC Cruises’ newest megaship, MSC World America, made its debut at PortMiami Monday morning, docking at the newly opened Terminal AA—the world’s largest cruise terminal. (See Megaship)
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Flying together with our sponsor
New Battery Tech Could Make Lithium Obsolete
Lithium batteries are used everywhere, from phones to cars and beyond—yet many are unaware of their dangers and sustainability issues. E-bikes powered by lithium-ion batteries in New York City accounted for 267 fires in 2023. That’s just one example that shows the world is desperate for a safer, longer-lasting battery.
What’s the alternative? StorEn has perfected the vanadium flow battery for residential energy storage. It’s 7x longer-lasting, 100% recyclable, and its non-flammable design makes it safer for home use.
Disrupting the residential energy space is a potential $90B opportunity for StorEn, and 9,000+ investors are already taking advantage of it. You’ll want to join them sooner rather than later—the final day to invest in StorEn and get 15% bonus shares is April 12.
This is a paid advertisement for StorEn’s Regulation CF offering. Please read the offering circular at https://invest.storen.tech/.
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➤ The U.S. has fast-tracked production of its new B61-13 nuclear bomb—24 times more powerful than the one dropped on Hiroshima—citing “urgent” global threats and strategic needs. (See Bomb)
➤ By showing movie clips to a mouse and then slicing a poppy-seed-sized piece of its brain into 25,000 ultra-thin layers, scientists have created a stunning 3D map of 84,000 neurons and 500 million synapses. (See Image)
➤ An Iowa teenager stumbled upon a 34,000-year-old mastodon jaw—an extraordinary Ice Age relic that’s now helping scientists piece together the ancient ecosystem of North America. (See Jaw)
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➤ What’s Really Causing Your Daily Leg, Feet & Ankle Swelling. Are those swollen ankles telling you it’s time to put your feet up again? Before you resign yourself to another evening of elevated feet and loose slippers, you need to know about the breakthrough Antarctic discovery that’s changing how we think about age-related swelling. What you’re about to learn could change your entire day-to-day comfort. (Learn More)
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This week’s Throwback Thursday is brought to you by:

➤ Baby names from the 1950s, once staples of mid-century nurseries, are now enjoying a stylish revival as parents embrace the vintage charm and timeless classics for a new generation. (See Names)
➤ The iconic colors of the 1970s—earthy greens, golden yellows, and disco-inspired purples—are making a modern comeback, bringing nostalgic warmth and playful energy to today’s interiors. (See Palettes)
➤ NASA photographer Josh Valcarcel has captured a striking black-and-white portrait of astronaut Zena Cardman, evoking the iconic 1983 image of Anna Fisher, the first mother in space. (See Photos)
Flying together with our sponsor
➤ (BACK PAIN SOLVED) Millions of people suffer from chronic back pain—but most don’t realize there’s often a hidden cause, and it’s not what you think. You’ll wish you knew about this sooner… because it could lead to a pain-free back in just 28 days. (Watch Now)
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➤ An 81-year-old New York woman is stranded in Puerto Rico after Frontier Airlines refused to let her board a return flight with her emotional support parrot, Plucky. (See Plucky)
➤ A groundbreaking 3D digital scan of the Titanic has revealed dramatic new insights into the ship’s final moments, including how small hull punctures led to its sinking. (See Image)
➤ American academic Paul Chambers has been detained in Thailand for allegedly insulting the monarchy, a serious offense under the country’s strict laws that could carry a sentence of up to 15 years. (More)
➤ Watch a Swedish woman revive the ancient Nordic herding call known as kulning, using its haunting, melodic tones to call cows during a summer evening. (Watch Video)
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Can you change a flat tire?
- Yes
- No
Yesterday’s Results:
Have you met a famous person?
- Yes: 65%
- No: 22%
- Just a quick hello: 13%
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Daily Quote
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“It’s like a crime scene: you need to see what the evidence is in the context of where it is.”
— Parks Stephenson, Titanic analyst, on the significance of the new 3D digital scan of the wreckage.
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Today’s Trivia
Which president faced rumors claiming that he was born in Canada?
Show me the answer
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