Tip News Daily Brief

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April 24th, 2023

Good morning, and happy Monday! If you’ve ever wondered what Earth looks like from really far away in outer space, today is your lucky day. NASA's Cassini spacecraft has traveled all the way to Saturn–a distance of just under 900M miles–and snapped this epic photo of Earth with Saturn’s rings in the foreground. In it, you can clearly see our planet’s blueish tint!

In Today’s Brief

Kenya: 47 bodies found in cult graves
Pearl Harbor: USS Arizona survivor dies
Gervonta Davis: KOs Ryan Garcia
NBCUniversal: CEO steps down

...and more

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US Embassy in Sudan evacuated

U.S. special forces helped evacuate the American embassy in Sudan yesterday amid continued fighting in the nation.

Secretary of State Antony Blinken confirmed that “all U.S. personnel and their dependents” have been safely evacuated and that the U.S. will “continue to assist” Americans in Sudan in planning for their own safety. The operation reportedly removed fewer than 100 people, and the U.S. has shuttered its mission in Khartoum indefinitely. While thousands of private American citizens still remain in the country, U.S. officials said it’s currently too dangerous for a broader evacuation mission.

The fighting is part of a power struggle between General Abdel Fattah al-Burhan, the commander of Sudan’s armed forces, and General Mohammed Hamdan Dagalo, the head of the Rapid Support Forces (RSF) militia group. Over 400 people have died in the conflict since it began on April 15th, including one U.S. citizen.

Chapter 11 for Bed Bath & Beyond

Home goods retailer Bed Bath & Beyond filed for Chapter 11 protection yesterday and announced a liquidation sale after attempts to keep the company afloat failed.

As of last night, the company’s website reads: “Thank you to all of our loyal customers. We have made the difficult decision to begin winding down our operations. Bed Bath & Beyond and buybuy BABY stores remain open to serve you.” In a press release, the company said that it had secured $240M in debt from capital firm Sixth Street which will allow it to continue operations during the wind-down process. Store closing sales are reportedly slated to begin Wednesday, along with the closure of some locations.

Bed Bath & Beyond rose in popularity in the 1990s as a retail shopping destination but has seen demand drop off in recent years due to unsuccessful attempts to sell more store-branded products and the increased popularity of online shopping on marketplaces such as Amazon.

Disneyland dragon blaze

A 45-foot-tall animatronic dragon caught fire at Disneyland in Anaheim, California, during the Fantasmic! nighttime show on Saturday evening.

The blaze broke out at the park’s Tom Sawyer Island attraction and forced park officials to cancel the performance’s final show of the evening. In a statement, Disneyland theme park representatives said “Anaheim Fire & Rescue quickly responded and the fire was extinguished,” adding that “all cast members were safely evacuated from Tom Sawyer Island” and that the cause of the fire remains under investigation. No cast members or parkgoers were hurt in the incident, according to the Anaheim fire department.

Fantasmic! originally opened in 1992 in the Frontierland section of Disneyland. A 27-minute-long show that takes place live, the attraction features fireworks, characters, live actors, water effects, pyrotechnics, lasers, music, audio-animatronics, searchlights, boat floats, and mist screen projections.

In partnership with Masterworks

A Banksy got everyday people 32% returns?

Mm-hmm, sure. So, what’s the catch?

We know it may sound too good to be true. But it’s not only possible, it’s happening—and thousands of investors are smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.

These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 11 exits, the last 3 realizing +13.9%, +35.0%, and +10.4% net returns even while financial markets plummeted.

But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:

Outpaced the S&P 500 by 131% over the last 26 years
Have the lowest correlation to equities of any asset class
Remained stable through the dot-com bubble and ’08 crisis

Got your attention yet? Tip News readers can skip the waitlist with this exclusive link.

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Around the Globe

Kenyan police have now exhumed 47 bodies from cult graves amid an investigation into the cult’s leader who allegedly told followers to starve themselves to death near the coastal town of Malindi (More)
Russia has reportedly gained more territory in Bakhmut, according to claims made yesterday by the Russian Defense Ministry which Kyiv denied (More)
Sikh separatist Amritpal Singh was arrested by Indian police yesterday in the state of Punjab after evading capture for more than a month (More)

On the Homefront

The family of Halyna Hutchins plans to pursue a civil lawsuit against Alec Baldwin despite his criminal charges being dropped; Hutchins is the Rust cinematographer who died on set when Baldwin accidentally fired a prop gun in October 2021 (More)
At least nine teens were wounded in an after-prom party shooting in Texas early yesterday morning, according to local authorities (More)
Ken Potts, one of the last two people to survive the USS Arizona sinking following the 1941 bombing at Pearl Harbor, passed away at 102 (More)

Glitz & Games

In partnership with Earth Conscious Life

Grateful Dead drummer Bill Kreutzmann won’t tour with Dead & Company this summer during the group’s farewell tour, according to a statement from the band (More)
Gervonta Davis bested Ryan Garcia with a body shot in round 7 of their boxing match in Las Vegas on Saturday night; Davis’ record is now 29-0 with 27 KOs (More)
‘Super Mario Bros. Movie’ becomes the highest-grossing animated film in Universal history at the domestic box office after this weekend’s haul (More)

From our partners: The Need to GROW – Our soil is losing quality, stripping our food of vital nutrients and leading to an increase in diseases and skyrocketing food prices. In these tough times, the world needs grounded hope more than ever…and The Need To GROW is a powerful film that offers just that. Click here to watch the film and discover how you can be part of the solution.

Business & Markets

Bud Light marketing VP Alissa Heinerscheid is on a leave of absence from Anheuser-Busch following backlash from the recent campaign involving social media personality Dylan Mulvaney (More)
General Motors is recalling over 40K Chevrolet Silverado trucks for the model year 2019 or later due to the discovery of a potential leak in brake fluid that could result in a fire (More)
Alphabet CEO Sundar Pichai received $226M in total compensation in 2022 between his salary & stock grants, per an SEC filing; the report comes after the Google parent company laid off 6% of its workforce in January (More)

Tips & Tricks

Feel Good: Meet Rebecka Peterson, a high school math teacher in Oklahoma who started a viral blog called “One Good Thing” dedicated to uplifting educators through a collaborative environment…and was named 2023 National Teacher of the Year because of it
Sneak Peek: Get ready to welcome Godzilla and King Kong onto the titan-sized big screen with the title reveal trailer for the upcoming film Godzilla x Kong: The New Empire, set to hit theaters in March 2024
Bump This: iann dior lays down ultra-catchy hip hop melodies over a muted, uptempo rock beat in his new single “start again” - listen on Apple Music, Spotify, and YouTube
Chow Down: If gooey noodles, creamy sauce, crunchy veggies, and refreshing herbs combined into a single dish sounds appealing to you, try out this recipe for peanut noodles that can be eaten vegan or non-vegan depending on the type of protein you’d like to add
Step Down: Jeff Shell stepped down from his role as CEO of NBCUniversal after he admitted to an “inappropriate relationship” with a woman in the company, according to an announcement from corporate parent Comcast
Hot Goss: Zendaya made a surprise appearance during Labrinth’s set at Coachella on Saturday evening, marking her first live musical performance in over seven years
Life Hack: We all have unique dreams hidden away in our hearts, but these desires often get buried beneath a lifetime of external pressures - here are three thought patterns getting in the way of knowing what you want, and some tips on how to actually unlock your true desires

Tip-Offs

A broken record for the furthest flight by a paper airplane.

The best small towns in the U.S. for a peaceful retirement.

…10 companies that indefinitely let you do your job remotely.

See whether EVs compared to gas cars are a better deal.

Video footage of the newly-discovered Galapagos reef.

The supposedly proper way to recycle Amazon packaging.

How the war in Ukraine has benefitted Russian oligarchs.

See a 3D facial reconstruction of the oldest known human.

Looking Back…

On April 24th: The U.S. Library of Congress is officially founded (1800); Spain declares war on the United States (1898); streaming music services overtake worldwide sales of CDs and vinyl for the first time (2018); actress and singer Barbra Streisand is born (1942).

In partnership with Masterworks

Real estate dethroned

Not much is considered more reliable than New York City real estate. But with a negative 3% growth in median sales price this year, it hasn’t escaped broader macroeconomic turmoil. However, one NYC market has: blue-chip contemporary art.

And not only ultra-rich dealmakers are celebrating this year...

Thanks to Masterworks. With this platform, anyone can easily get shares of multi-M dollar art by names like Banksy and Picasso. Masterworks has also built a solid track record with all 11 of their exits netting a profit, the last 3 realizing +13.9%, +35.0%, and +10.4% net returns each.

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