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☆ Cramer's week ahead: Earnings from Home Depot, Alibaba, Walmart
▼ + stars: | 2024-05-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's market action, telling them to pay attention to a number of earnings reports, including Home Depot , Alibaba and Walmart . He also suggested remarks from Federal Reserve officials will continue to shape the market, saying investors should tune in on Monday to commentary from Loretta Mester, the president of the Federal Reserve Bank of Cleveland. Alibaba also reports that day, and Cramer said if the quarter is good, Wall Street may be more inclined to buy Chinese stocks. Thursday brings earnings from Walmart , Deere and Applied Materials . He added that Applied Materials could have a solid quarter as its peer Taiwan Semiconductor just released a positive sales report.

Persons: CNBC's Jim Cramer, Loretta Mester, Cramer, Alibaba Organizations: Home, Walmart, Federal Reserve, Federal Reserve Bank of Cleveland, Cisco, Deere, Applied, Taiwan Semiconductor, Dow Locations: Alibaba, Nextracker

☆ Palantir CEO says its unconventional boot camps are drawing crowds and driving sales: 'It's like a rock concert'
▼ + stars: | 2024-04-23 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

It's been putting on boot camps to attract customers, per Bloomberg. CEO Alex Karp has likened them to "a rock concert;" they've included perks like racetrack drives. The data mining company, cofounded by PayPal Mafia member Peter Thiel, has been holding software boot camps to recruit new customers, Bloomberg reported Tuesday. The company put on over 500 boot camps last year and expects to average five camps a day globally this year, according to Bloomberg. It's like, yeah, yeah, if you know somebody, we can get you backstage."

Persons: Palantir, It's, Alex Karp, —, Peter Thiel, Morningstar, Malik Ahmed Khan, Rishi Jaluria Organizations: Bloomberg, Service, PayPal Mafia, AIP, RBC Capital Markets Locations: Pontiac , Michigan

☆ Academics used AI and machine learning to test 29,000 financial ratios. Here's the metric they found was the best predictor of stock-market returns.
▼ + stars: | 2024-04-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

Determining the best predictors of stock-market returns is like seeking the Holy Grail for investors. They also allowed the algorithm to come up with its own ratios in an attempt to determine whether there are better indicators of stock-market performance. Examples of variables included sales, market value, and cost of goods. The data points were then scaled using ratios to correlate a company's sales revenue to other variables, such as its size. Robbins noted that traditionally, academics begin with a theory for why certain company fundamentals could be good predictors of stock market returns before testing them.

Persons: Alejandro Lopez, Lopez, Andrew Y . Chen, Tom Zimmermann, Michael Robbins, Lira, ChatGPT, Robbins, It's Organizations: Lira, University of Florida, University of Cologne, Institutional, Investors, New York Stock Exchange, American Stock Exchange, Nasdaq, Lopez

☆ How much TikTok pays employees in the US, from data scientists to software engineers, according to salary data
▼ + stars: | 2024-01-19 | by ( Ashley Rodriguez | Dan Whateley | ) www.businessinsider.com time to read: +109 min

Some examples of salary offers for corporate functions include:AdvertisementAccountant, Expense Management : $73,000: $73,000 HR Business Partner : $127,680 median; ranging from $90,000 to $182,880: $127,680 median; ranging from $90,000 to $182,880 HR Specialist: $114,000 median; ranging from $85,000 to $170,000DesignEmployees on the design team "shape the visual representation" of TikTok's products and business, creating "unique designs that are not just visually appealing, but also express the aesthetic of our brand," the company wrote. : $320,000: $320,000 Android Software Engineer, TikTok Monetization : $210,000: $210,000 Android Software Engineer, TikTok Privacy : $190,000: $190,000 Android Software Engineer, TikTok Social : $126,640 median; ranging from $65,000 to $288,000: $126,640 median; ranging from $65,000 to $288,000 Android Software Engineer, TikTok User Growth : $227,000 median; ranging from $221,000 to $233,000: $227,000 median; ranging from $221,000 to $233,000 Applied Machine Learning Engineer : $273,340 median; ranging from $180,000 to $306,000: $273,340 median; ranging from $180,000 to $306,000 Applied Machine Learning Engineer, Recommendation : $190,000: $190,000 AR Effects Interactive Engineer : $125,000: $125,000 AR Software Engineer : $125,000: $125,000 Audio Engineer : $75,000: $75,000 Backend Engineer : $128,000: $128,000 Backend Engineer, Ads Platform : $172,000 median; ranging from $125,000 to $240,000: $172,000 median; ranging from $125,000 to $240,000 Backend Engineer, Content Ecosystem : $222,360: $222,360 Backend Engineer, Lark Innovation : $160,000: $160,000 Backend Engineer, Machine Learning : $157,680 median; ranging from $157,680 to $175,000: $157,680 median; ranging from $157,680 to $175,000 Backend Engineer, Risk Systems : $295,000 median; ranging from $150,000 to $320,000: $295,000 median; ranging from $150,000 to $320,000 Backend Engineer, TikTok Ads Creative and Ecosystem : $250,000: $250,000 Backend Engineer, TikTok Ads Creativity and Ecosystem : $207,500 median; ranging from $175,000 to $240,000: $207,500 median; ranging from $175,000 to $240,000 Backend Engineer, TikTok Eng. : $220,000 median; ranging from $160,000 to $285,000 0 #NUM! Software Engineer, Computer Vision : $165,000 median; ranging from $165,000 to $200,000: $165,000 median; ranging from $165,000 to $200,000 Software Engineer, Computer Vision, Intelligent Creation : $200,000 median; ranging from $200,000 to $265,000: $200,000 median; ranging from $200,000 to $265,000 Software Engineer, Core Services : $204,000 median; ranging from $125,000 to $244,680: $204,000 median; ranging from $125,000 to $244,680 Software Engineer, Core Service, Application Security : $129,680: $129,680 Software Engineer, CRM : $175,000 median; ranging from $125,000 to $300,555: $175,000 median; ranging from $125,000 to $300,555 Software Engineer, Data Access Team : $230,000: $230,000 Software Engineer, Data Mining : $169,680: $169,680 Software Engineer, Data Mining USDS : $182,400: $182,400 Software Engineer, Data Platform : $186,000 median; ranging from $170,000 to $216,880: $186,000 median; ranging from $170,000 to $216,880 Software Engineer, Data Security and Compliance : $180,000: $180,000 Software Engineer, Database Kernel Development : $130,000 median; ranging from $128,000 to $220,000: $130,000 median; ranging from $128,000 to $220,000 Software Engineer, Distributed Storage System : $285,000 median; ranging from $180,000 to $285,000: $285,000 median; ranging from $180,000 to $285,000 Software Engineer, Engineering Productivity : $195,000: $195,000 Software Engineer, Front-End : $147,000: $147,000 Software Engineer, Front-End, Ads Technology : $125,000: $125,000 Software Engineer, Full Stack : $180,000: $180,000 Software Engineer, Full Stack, Ads Technology : $147,500 median; ranging from $125,000 to $170,000: $147,500 median; ranging from $125,000 to $170,000 Software Engineer, Full Stack, E-Commerce Engineering and Architecture : $205,000: $205,000 Software Engineer, Full Stack, Vertical Solutions : $220,000: $220,000 Software Engineer, Global E-Commerce Customer Business : $195,000 median; ranging from $133,240 to $225,000: $195,000 median; ranging from $133,240 to $225,000 Software Engineer, Global Payment : $161,000 median; ranging from $155,000 to $215,000: $161,000 median; ranging from $155,000 to $215,000 Software Engineer, Gov. and Experience, TikTok E-Commerce : $241,540 median; ranging from $219,680 to $263,400: $241,540 median; ranging from $219,680 to $263,400 Software Engineer, GPU Management : $128,000 $128,000 $128,000 0 #NUM!

Persons: —, It's, TikTok, it's, ByteDance, TikTok Eng, Tiktok Organizations: Service, Business, US, of Foreign Labor, Live, US Data Security, Security, US Department of Labor, Corporate, Employees, TikTok, Tech, Commerce, Marketing, Staff, Trust, Safety, Brand, Android Software, Computer, Global Agency Relations, Global Security Technology, Infrastructure Engineering, Android, Machine, Interactive, Systems, Data Systems, Engineer, Commerce Data Intelligence, Commerce Logistics, Chain, Logistics, Media, US Tech Services, Big, Business Intelligence, Protection, Network Security, Business Systems, Cash, Cloud, Networking Software, Public, Tech Service, Technology, Technology Systems, Infrastructure, Network Business, NA, Defense, US Tech Service, Analytics, Research, Mining, Solutions, Tech Services, Pico, Forensics, Development, Control, Financial, CRM, Global, Learning, Traffic, TCMS, Communications, Graphics, Monetization Technology, Management, Products, Resources, IDC Logistics, DevOps, IOS, GNE Global, Software, Procurement, Commerce Global, Strategic, Global Business, Merchant, Mobile Security, Mobile Software, Multimedia Research, Regional, Sound Engineering, Professional Services, Community, Relations, Real, Commerce Trading, Creative, Enterprise, Virtual Network, Storage, Data Security, Smart, Finance, ML Systems, Cloud Infrastructure, TikTok US Tech Services, Monetization Tech, Learning Systems, Core Services, Core Service, Data Mining, Engineering, Commerce Engineering, Mobile, Revenue Management Locations: ByteDance, TikTok, TikTok Commerce, America, Mexico, Americas, Commerce

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. "As European digital industry representatives, we see a huge opportunity in foundation models, and new innovative players emerging in this space, many of them born here in Europe. The signatories, who said just 3% of the world's AI unicorns come from the European Union, backed a joint proposal by France, Germany and Italy to limit the scope of AI rules for foundation models to transparency requirements. They also said the current broad scope of the draft AI rules could clash with existing legislation in certain sectors such as healthcare. The companies also rebuffed calls from creative industries for the AI rules to tackle copyright issues.

Persons: Dado Ruvic, DigitalEurope, Georgina Prodhan, Foo Yun Chee, Sharon Singleton Organizations: REUTERS, Rights, Airbus, European Union, Apple, Ericsson, Google, LSE, SAP, Siemens, Thomson Locations: BRUSSELS, Europe, France, Germany, Italy

A digital artwork by Chinese artist Snow Fish. The controversy has fueled online protests on the Chinese internet against the creation and use of AI-generated images, with several other artists claiming their works had been similarly used without their knowledge. Hundreds of artists have posted banners on Xiaohongshu saying “No to AI-generated images,” while a related hashtag has been viewed more than 35 million times on the Chinese Twitter-like platform Weibo. Besides Trik AI, Xiaohongshu has also developed a new function called “Ci Ke” which allows users to post content using AI-generated images. Snow Fish added that these complaints had been slowly growing within the artist community but had mostly been privately shared rather than openly protested.

Persons: Snow Fish, Fish, Bard, ERNIE Bot, SenseTime’s, Xiaohongshu, Snow, “, ”, Zhang, ’ Organizations: Hong Kong CNN — Artists, CNN, Xiaohongshu, City University of Hong, European, Capitol Hill Locations: China, Hong Kong, Weibo, United States, City University of Hong Kong, London, California

☆ Stocks making the biggest moves premarket: Palantir, Skyworks, Under Armour & more
▼ + stars: | 2023-05-09 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

It also reaffirmed full-year revenue guidance, though it raised its full-year adjusted EBITDA forecast. Western Digital — The chip stock rose about 2% in premarket after the company reported a revenue beat in the latest quarter. Earnings guidance for the full year was more upbeat and the company posted better-than-expected earnings and revenue, according to Refinitiv. The company reported revenue of $149.4 million against Refinitiv analyst expectations of $209.9 million. The company reported adjusted earnings of $7.19 per share, just topping a StreetAccount forecast of $7.18 per share.

The code is an AI model, an algorithm that is trained on sets of data and can then learn from new data to perform a variety of tasks. Databricks CEO Ali Ghodsi said the release was aimed at demonstrating a viable alternative to training a kind of AI model called a large language model with enormous resources and computing power. OpenAI, valued at $29 billion, trains its AI models with huge troves of data on a supercomputer from investor Microsoft Corp (MSFT.O). Databricks wants enterprises to train their own AI models using its software. "My belief is that in the end, you will make these models smaller, smaller and smaller, and they will be open-sourced," Ghodsi said.

☆ Americans want to delete Instagram more than any other app
▼ + stars: | 2023-03-08 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

There are a lot of reasons why you might want to delete a popular app from their phone — and you're far from alone. Popular social media apps Instagram, Facebook and Snapchat garnered the most internet searches from people looking to delete those apps over a recent six-month period, according to an analysis of search trends from cybersecurity website VPNOverview. During that period, there were more than 900,000 searches for how to "delete" or "deactivate" Instagram, more than any of the country's 30 most popular apps by downloads, VPNOverview said in its February report. And in recent years, polls have shown growing distrust of popular social media platforms over issues like disinformation, cyberbullying, phishing scams, privacy concerns and data mining. And, while the majority of teens today are willing to take breaks from social media, they're also mostly split on whether they could give up social media altogether.

☆ AI is the latest Wall Street craze. Is it also the next bubble?
▼ + stars: | 2023-02-09 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

All of this AI news has helped boost shares of Baidu (BIDU), Microsoft (MSFT) and Google owner Alphabet (GOOGL) this year. Shares of the artificial intelligence software company have more than doubled this year, to about $26. SoundHound AI, which makes speech- and other audio-recognition software, has also seen its stock more than double this year. The fact that many of the world’s largest tech companies are embracing artificial intelligence is evidence of that. “We believe tech companies and tech equities will continue to face headwinds, as long as the Fed keeps its foot on the brake,” Siebel said in December.

☆ Investors bet the Fed doom loop they've been trapped in will end in the week ahead
▼ + stars: | 2023-01-28 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

Next week is Groundhog Day, not to mention the 30 th anniversary of the theatrical release of "Groundhog Day." The ensuing market retreat culminated in the October low at more than a 25% decline from the S & P's record high. Inflation is decidedly in retreat, fourth-quarter GDP was slow-ish but solidly positive, Fed officials did nothing to push back against market expectations for a quarter-point bump in rates next week. But none of the interim S & P 500 rallies in that period made it as far above the 200-day moving average as the index currently is. Yet even with obligatory macro scares and market switchbacks along the way, it doesn't mean investors necessarily remain stuck in the same old doom loop.

☆ Palantir CEO tells tech workers who don't like the company's military deals, ‘Don’t work here’
▼ + stars: | 2023-01-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Alex Karp, CEO of Palantir, on day two of the World Economic Forum in Davos, Switzerland. Palantir co-founder and CEO Alex Karp knows many tech workers in Silicon Valley have misgivings about his data mining firm's dealings with intelligence agencies and the military. Tech workers have been more vocal in recent years in opposing their employers' contracts with the military. Two-thirds of people in Silicon Valley don't want to work for companies like Palantir, Karp said in Davos. "We don't like people who are coming in and saying, we want to kill terrorists and just without data protection," Karp said.

☆ TikTok is still hiring despite the tech downturn. Here's how much it pays for hundreds of engineering, marketing, and other US jobs.
▼ + stars: | 2022-11-18 | by ( Ashley Rodriguez | Dan Whateley | ) www.businessinsider.com time to read: +42 min

Insider analyzed US work-visa data to gauge salary levels at TikTok and parent company ByteDance. The data show TikTok and ByteDance offered staffers on US work visas $30 an hour to $400,000 a year. And TikTok has begun to get into its stride with advertisers who are now taking it more seriously as a marketing platform. Based on the data, TikTok and ByteDance offered from late-2020 to mid-2022 base salaries ranging from $30 per hour to $400,000 per year for various roles. TikTok's median annual base salary was roughly $184,000 per year, based on data from 319 foreign-labor certification applications.

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☆ How Palantir's tech-based patriotism and politics grew into a multi-billion dollar company
▼ + stars: | 2022-10-13 | by ( Cameron Costa | ) www.cnbc.com time to read: +4 min

The data mining and software company got its start with government contracts, and 19 years since its inception, Palantir's government work is still central to its business. At its start, Palantir's business came directly from the FBI, the NSA, and even the CIA, whose venture arm In-Q-Tel was one of the company's earliest backers. For Karp, data and defense are intertwined, and his company's contracts with government agencies reflect a commitment to leveraging technology to bolster the West. Karp founded the company with well-known conservative tech investor Peter Thiel, and the two have publicly sparred over politics and technology. However, even as a $16.7 billion market cap publicly traded company, Palantir's work remains opaque.

☆ Salesforce, Oracle, Palantir and other tech companies are interested in building a new Army tool to manage weapons distribution and troop deployment
▼ + stars: | 2022-09-20 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +7 min

The US Army is looking for tech companies to build a prototype for its new "operational back-bone." Palantir, Gitlab, Salesforce, Oracle, RedHat, IBM, and others submitted "Requests for Information" to build the prototype, a step before submitting a bid. The prototype would manage the deployment of troops, and the supply and distribution of missiles, guns, tanks, and other weapons. Palantir has an $823 million Army contract for data mining and analytics. It's also unclear if Amazon, Google, or Microsoft will contribute to the project in some capacity, including as a subcontractor.

☆ Jim Cramer's Guide to Investing: Principles to help you manage your portfolio
▼ + stars: | 2022-09-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +40 min

At the CNBC Investing Club, we strive to help members manage their own portfolios by showing them how we do it. Principles 1-5 Principles 6-10 Principles 11-15 Principles 16-20 Principles 21-25 1. The reality is, you want to buy stocks that you believe will go higher, and sell those you believe will go lower. Don’t buy all at once; arrogance is a sin Accept that you will never be correct 100% of the time and use that knowledge to your advantage. Expect corrections; don’t be afraid of them When it comes to the stock market, eventually a correction will happen.

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