J.c. Penney's Shares In Free-fall After 1q Loss

Reddit recent asked its readers, "[for those] labeled as gifted children, do you think the label harmed you, or helped you?" It sparked a big discussion, highlighting some real drawbacks to growing up gifted. Tumblr founder and high school dropout David Karp — who just sold his company to Yahoo for $1 billion — even once said in an interview, "there's a lot that I feel like I missed out on. Just a whole lot of normal, social, childhood kind of stuff that I definitely missed out on." However, there are plenty of positives to growing up uniquely gifted. Being at the top of your class opens doors and gives you confidence that can last a lifetime. One Reddit user even said, "surprisingly enough, it helped me socially." After highlighting all the reasons why it's horrible growing up gifted, we're now presenting the best parts of having an above-average IQ. We've edited some excerpts for clarity.Gifted programs aren't all that bad. "I think there is a value in being labeled gifted though. If there is a good gifted program (which a lot of them don't seem to be. I was lucky) it can identify the students who really do need the extra challenge. But identifying them as gifted and not doing anything about it probably isn't good." (MorphologicalMayhem, Reddit) In fact, gifted programs are good for your social life. "Looking back, it honestly probably would have been worse if I had not been put into the gifted program. I had one friend in 1st grade, and none in 2nd. Once I got into 3rd grade and the gifted program, I suddenly was able to find people who would actually be my friend. I started actually participating in class (without being that 'know-it-all') and just generally did much better socially." (KestrelLowing, Reddit)  The 'gifted' label is a great motivator. "I took it the other way and used it as motivation, as something to live up to. I've been 'gifted' since fourth grade, went to special side programs, and always enrolled in enriched or AP courses My three siblings were all gifted too, three out of four of us becoming valedictorians of our high school classes; that's another standard here too. I graduated from an Ivy League last year but I still don't know what I want a career in, but I think that's me and not from the label." (fuzzy_theropod, Reddit)  See the rest of the story at Business Insider Please follow War Room on Twitter and Facebook.    

Bloomberg News reports that billionaire hedge fund manager Steve Cohen is said to be considering a deal that would shut his Stamford, Connecticut-based SAC Capital to outside investors. He's also considering returning outside investor money and turning SAC into a family office, Bloomberg reports citing an unnamed source familiar with his thinking.  The firm has about $15 billion in AUM.  About $9 billion of that belongs to Cohen and SAC Capital employees. The rest is outside investor capital.  It's known that Cohen is the ultimate target of the Securities and Exchange Commission and the Department of Justice's crackdown on insider trading.   In the insider trading case against former SAC portfolio manager Mathew Martoma, Cohen has been identified as "Portfolio Manager A."  Even though he has been implicated, he has not been charged with any wrongdoing.  He may never be charged.  He has maintained that he acted appropriately.   What's more, is under the statute of limitations for insider trading, if the government were going to bring additional charges in this particular case they would have to do so by mid-July. Please follow Clusterstock on Twitter and Facebook.Join the conversation about this story »    

A huge tornado is hitting the areas near Oklahoma City, marking the second time a tornado has hit the state in recent days. Local news affiliate KFOR reports that the twister appeared to be touching down in Newcastle, just south of Oklahoma City, and is now heading through the suburb of Moore. The tornado is said to be a at least an F4, possibly an F5 (the highest category) with a 2 mile wide debris ball — KFOR's news anchor says that it is "ripping up everything in its sight." The National Weather Service has issues a "tornado emergency" for the Oklahoma City area, and has called the tornado "a large and extremely dangerous," USA Today reports. Anchors from KOCO have said that the tornado appears to be "roping out", which means it may be weakening. It is too early to say whether it will end soon, however. We've embedded a live feed from KFOR News Channel 4 below. Check Weather.com for a live map of the storm. Please follow Business Insider on Twitter and Facebook.Join the conversation about this story »    

In the early 1950s cities across the U.S. spent hundreds of thousands of dollars outfitting their children with military-style dog tags. Why were we giving kids something that's usually reserved for people at risk of dying horrifically in the line of duty? Because in the era of duck and cover, kids were on the front lines.Read more    

After making a mere $84 million at the U.S. box office, Star Trek Into Darkness is considered by some to be a disappointment. Perhaps the problem is that it was a touch confusing. To help our readers better understand it, we've complied and answered these Frequently Asked Questions about the movie.Read more