DIRS.INFO The most relevant business & tech news

☆ These are Goldman Sachs' favorite stocks with 50% or more upside
▼ + stars: | 2024-05-15 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

'Conviction list' stocks with big upside Investors still looking for quality names with more upside may want to consider names in Goldman's conviction lists — directors' cut. CNBC Pro scoured Goldman's May conviction lists for stocks with further upside of 50% or more, based on the bank's price targets. Goldman gave it a price target of $35, implying 107% upside. Goldman gave it a price target of 37 euros ($40), implying 64% upside. The bank gave the stock a price target of 380,000 Korean won ($277), or potential upside of 94%.

Persons: Stocks, Goldman Sachs, Peter Oppenheimer, Goldman, Neste, — CNBC's Michael Bloom Organizations: Dow Jones, U.S . Federal, Fed, CNBC, Europe's, Energy, Korean Locations: 1Q24, United States, Europe, Asia, Korean

☆ How bad bets on meme stocks led to a $1 billion wipeout
▼ + stars: | 2024-05-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —The only bet riskier than buying meme stocks like GameStop may be cheering for their decline. That’s the lesson Wall Street’s short-sellers are learning the hard way this week. See here: For the first four months of the year, GameStop short-sellers — investors who bet on a stock’s decline — were sitting on $392 million in gains, up nearly 50%. To understand the meme stock phenomenon, it helps to understand a bit of the tribalism underpinning it. Today’s GameStop shorts aren’t likely to hang on and repeat the mistakes of their Melvin Capital brethren.

Persons: CNN Business ’, Capital, RoaringKitty —, GameStop’s, Ihor Dusaniwsky, ” Organizations: CNN Business, New York CNN, GameStop, S3 Partners, Elon, Citron Research, Wall, Partners Locations: New York

☆ Jeff Bezos appears worried that Amazon is falling behind in the AI race
▼ + stars: | 2024-05-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Jeff Bezos emailed Amazon execs asking why more AI firms aren't using its cloud services, CNBC reported. Amazon is investing in AI tools and startups to remain competitive in the AI race. AdvertisementIt seems like Jeff Bezos is concerned about Amazon lagging behind rivals in the AI race. The person reportedly said Amazon is considered the "most vulnerable" Big Tech company in the AI arena. Aware of that perception, Bezos is "very involved" in its AI efforts and has been mapping out the competitive playing field, according to CNBC.

Persons: Jeff Bezos, — Organizations: Amazon, CNBC, OpenAI, Microsoft, Google, Service, Big Tech

☆ Bitcoin could see a wave of forced selling as miners face the reality of lower rewards post-halving, research firm says
▼ + stars: | 2024-05-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Bitcoin's halving in April could force crypto miners to sell some tokens, Kaiko Research reported. These firms haven't yet had to tap their bitcoin hoards thanks to high transaction fees, but that could change. The April halving is a pre-coded event in which the amount of bitcoin rewarded to crypto miners is slashed in half. According to Bloomberg, fees jumped amid a burst of meme-coin creation after the halving event. Miners are often known for hoarding bitcoin troves without selling, which analysts have previously pointed out as another price-boosting supply constraint.

Persons: —, Kaiko, bitcoin, Peter Brandt Organizations: Research, Service, Bloomberg, Mining, Marathon Digital, BTC

☆ Sony-backed computing startup heads for rare IPO in sidelined London stock market
▼ + stars: | 2024-05-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

British computing startup Raspberry Pi on Wednesday said it plans to list in London, in a rare win for the U.K. stock market. Raspberry Pi, which makes tiny single-board computers, is considering an initial public offering on the main market of the London Stock Exchange. The IPO is a win for the London stock market, which has been struggling to attract high-growth tech companies. A slew of major U.K. tech firms have chosen New York over London for their listings over the last year. Upton established Raspberry Pi in 2012 to make computing more accessible to young people, gaining traction among hobbyists and teachers in the early days.

Persons: Ocado, Eben Upton . Raspberry Pi, Upton, Raspberry Organizations: London Stock Exchange, Nasdaq, Sunday Telegraph, Sky News, Raspberry Pi Foundation, Sony, amortization Locations: London, New York, British

☆ Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU's economics chief says
▼ + stars: | 2024-05-15 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and other goods, the bloc's economic chief said Wednesday. "But this is not bringing us to a theory of decoupling of global trade, which would be a disaster for both parts of the decoupling," he said. "The characteristic of the EU economy is to be more open, more influenced by trade, and less by only internal consumption. This is the reason, the economic reason, why it is in the interest of the European Union to keep the doors of trade open." Meanwhile, several EU nations are nervous about potential Chinese retaliatory trade measures hitting important domestic industries, from German automotives to French cognac.

Persons: Paolo Gentiloni, CNBC's Silvia Amaro, Gentiloni Organizations: European, European Union, CNBC Locations: European Union, Europe, China, EVs, U.S, Russia, Ukraine

☆ China's economy reveals pockets of softness. Here's what to watch ahead of Friday's data
▼ + stars: | 2024-05-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

The National Bureau of Statistics is due to release data on retail sales, industrial production and fixed asset investment for April on Friday. Some of the weakness speaks to genuine sluggish demand in China at present. The firm expects this week's economic data releases to show a "softening in economic momentum," affirming its forecasts for the central bank to cut rates by the end of June. "Some of the weakness speaks to genuine sluggish demand in China at present," said Hui Shan, Goldman Sachs' China chief economist, in a note Sunday. Businesses' loan demand fallsNew bank loans to businesses and government organizations dropped sharply in April from March, as did new loans to households, according to official data accessed through Wind Information.

Persons: Hui Shan Goldman Sachs, Louise Loo, Goldman Sachs, Hui Shan, Goldman, RRR, Pan Gongsheng Organizations: Visual China, Getty, BEIJING, National Bureau, Statistics, Reuters, Finance, Oxford Economics, People's Bank of, Information, Clocktower, CNBC Locations: Lianyungang, Jiangsu Province, China, —, Beijing, People's Bank of China

☆ Dell to start handing out red flags to staff who don't come to the office enough, and some employees feel 'tracked like kindergarteners'
▼ + stars: | 2024-05-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

Dell started monitoring attendance on May 6 and will make the data visible on each hybrid employee's profile on HR platform Workday this week. Dell's memo states: "As the next step in implementing our Hybrid Work Policy, we will track onsite presence using badge swipes for hybrid-designated team members." The color by their name will be considered for performance evaluations, rewards, and compensation, Dell told employees. Staff who opted to remain remote during the company's overhaul of its hybrid work policy, which was first announced in February, will not be monitored. AdvertisementDell's HQ in Round Rock Texas, where staff attendance will be monitored.

Persons: —, Michael Dell, Dell, Brandon Bell Organizations: Service, Business, Dell, Dell Technologies, Staff, BI, Google, Deutsche Bank Locations: Round Rock

☆ Jamie Dimon urges the U.S. to deal with its deficit sooner rather than later
▼ + stars: | 2024-05-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. to reduce its fiscal deficit sooner rather than later, warning the issue will likely become "far more uncomfortable" if it continues to be overlooked. That's a lot, but obviously that drives growth," Dimon said in an interview with Sky News. So, I think America should be quite aware that we have got to focus on our fiscal deficit issues a little bit more, and that is important for the world," he added. The federal government has so far spent $855 billion more than it has collected in the 2024 fiscal year, according to the U.S. Treasury Department, resulting in a national deficit. Dimon said he hoped the U.S. government "really focuses" on reducing the deficit while still enjoying a period of robust economic growth.

Persons: Jamie, JPMorgan Chase, Jamie Dimon, Dimon, Joe Biden Organizations: JPMorgan Chase, U.S . Senate Banking, Housing, Urban Affairs, Wall, Capitol, Washington , D.C, JPMorgan, Wednesday, Sky News, U.S . Treasury Department, . Locations: Washington ,, America, U.S

☆ Monzo: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

As a digital-only bank, Monzo operates entirely within a mobile app. In September, the company partnered with BlackRock , the asset management giant, to offer three funds to Monzo customers. Founded in 2015, it has more than nine million customers, making it the largest digital bank in the U.K. and the seventh largest U.K. bank by customers. In March, Monzo raised $430 million in a new round of funding led by CapitalG, the venture arm of Alphabet. It appointed Conor Walsh, a former executive at Block's Cash App division, as the CEO at Monzo U.S. in October.

Persons: Monzo, neobanks, Starling, —, CapitalG, Conor Walsh, Anil Organizations: BlackRock, Starling Bank, Zopa, Sutton Bank, Monzo, Financial Times Locations: Monzo, U.S

☆ What Biden’s tariffs on Chinese imports may mean for American jobs, the economy and inflation
▼ + stars: | 2024-05-14 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Biden’s tariff plan likely won’t move the needle for monetary policy, said Ryan Sweet, chief US economist at Oxford Economics. “Consumers and producers often pay higher prices when tariffs are implemented.”That’s because tariffs tax imports when they come ashore, adding costs for US distributors, retailers and, ultimately, consumers. Worse, some businesses appeared to take advantage of the trade war by bumping up prices even higher. Container shipping imports from China to Mexico rocketed higher by 60% in January and 34% for the first quarter, Xeneta data shows. “It’s obvious that imports to this extent are not only for domestic purposes in Mexico,” he said.

Persons: Biden, Joe Brusuelas, Donald Trump’s, Trump, —, Ryan Sweet, ” Sweet, Sweet, George W, Bush, Barack Obama, Goldman Sachs, ”, Wells, Nicole Cervi, “ There’s, ” Cervi, Peter Sand, “, Sand, “ It’s Organizations: CNN, RSM US, stoke, Oxford Economics, Biden, Peterson Institute for International Economics, Trump, Federal, “, US International Trade Commission, New, New York Fed, National Bureau of Economic Research, Republican, ramped, Container Locations: China, New York, “, South Korea, Singapore, Taiwan, Vietnam, Wells, Mexico

☆ Looks like Google tried to one-up OpenAI by teasing its new AI tools minutes before the GPT-4o reveal
▼ + stars: | 2024-05-14 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Google released a teaser for its AI tools shortly before OpenAI revealed GPT-4o. OpenAI scheduled its livestream the day before Google's I/O conference. The timing highlights the intense AI race between Big Tech firms launching rival tools. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle appeared to try to outplay OpenAI by dropping a teaser for its AI tools just minutes before the big reveal of GPT-4o.

Persons: OpenAI, Google's, —, OpenAI's Organizations: Google, Big Tech, Service, Business

☆ The 2024 CNBC Disruptor 50: How we chose the companies
▼ + stars: | 2024-05-14 | by ( David Spiegel | ) www.cnbc.com time to read: +5 min

These companies are upending the classical definition of disruptive innovation that shaped the creation of the Disruptor 50 list more than a decade ago. A whopping 34 of the 50 companies on our twelfth annual CNBC Disruptor 50 list claim that artificial intelligence is "critical" to their businesses. Thirteen of the 2024 Disruptors call themselves "generative AI companies," including five of the top ten on this year's list. Here's how we chose them in 2024:All private, independently owned startup companies founded after Jan. 1, 2009, were eligible to be nominated for the Disruptor 50 list. New for 2024, CNBC formed a Disruptor 50 VC Advisory Board, in an effort to leverage the valuable expertise of leading venture capital firms and investors.

Persons: disruptors, Jan, — Organizations: CNBC, Advisory, SpaceX

☆ AI boom to keep supply of high-end memory chips tight this year, analysts warn
▼ + stars: | 2024-05-14 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Photographer: SeongJoon Cho/Bloomberg via Getty ImagesHigh-performance memory chips are likely to remain in tight supply this year, as explosive AI demand drives a shortage for these chips, according to analysts. "We expect the general memory supply to remain tight throughout 2024," Kazunori Ito, director of equity research at Morningstar said in a report last week. The demand for AI chipsets has boosted the high-end memory chip market, hugely benefiting firms such Samsung Electronics and SK Hynix, the top two memory chipmakers in the world. High-performance memory chips play a crucial role in the training of large language models (LLMs) such as OpenAI's ChatGPT, which led AI adoption to skyrocket. HBM's production cycle is longer by 1.5 to 2 months compared with DDR5 memory chip commonly found in personal computers and servers, market intelligence firm TrendForce said in March.

Persons: SeongJoon Cho, Kazunori Ito, Morningstar, William Bailey, TrendForce Organizations: Samsung Electronics Co, Galaxy, Bloomberg, Getty Images, SK Hynix, Micron, Samsung Electronics, Nvidia, Samsung, Nasdaq Locations: Seoul, South Korea

☆ China drives EV boom this year amid strong demand for hybrid vehicles
▼ + stars: | 2024-05-14 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Nurphoto | Nurphoto | Getty ImagesElectric vehicle sales have risen sharply this year, led by growth in China and a strong demand for hybrid vehicles in particular, according to a report from Counterpoint Research. Sales of hybrid vehicles, which have both electric motors and combustion engines, vastly outpaced those of full battery-powered alternatives, rising 46% year over year. China extends leadChinese companies have been a huge beneficiary of the rise in demand for electric vehicles, especially firms that sell both BEVs as well as hybrids. According to Counterpoint, EV sales in China jumped 28% in the first quarter of 2023, amid an ongoing price war that has pushed down costs for consumers. But, while overall EV sales in the U.S. rose 2%, those of battery electric vehicles declined by 3% in the quarter.

Persons: BEV, Abhik Mukherjee, Tesla Organizations: Nurphoto, Getty, Counterpoint Research, EV, Geely Holdings, Li Auto, Volkswagen Locations: Lianyungang Port, Jiangsu Province, China, United States, Europe, U.S

☆ Uber to acquire Foodpanda's Taiwan business for $950 million, creating a potential monopoly
▼ + stars: | 2024-05-14 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

(Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images)Uber Technologies will acquire the Taiwan business of Delivery Hero -owned Foodpanda for $950 million in cash, as Foodpanda focuses on other markets. In a separate agreement, Delivery Hero will sell $300 million in newly issued ordinary shares to Uber. Taiwan's food delivery market is dominated by Foodpanda and Uber Eats. Delivery Hero said in February it had ended talks to sell its Foodpanda business in selected Southeast Asian markets. Östberg told CNBC the same month that the firm was "happy" to hold on to its Foodpanda business in Southeast Asia "forever."

Persons: Walid Berrazeg, Niklas Östberg, Pierre, Dimitri Gore, Uber, Foodpanda, Östberg, – CNBC's Ryan Browne, Dylan Butts Organizations: Getty, Technologies, Coty, Foodpanda, CNBC Locations: TAIPEI, TAIWAN, Taipei, Taiwan, Asia, Singapore, Malaysia, Thailand, Philippines, Hong Kong, Southeast Asia

☆ One auto stock is quietly breaking out as Tesla struggles. Citi sees a double from here
▼ + stars: | 2024-05-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analysts think General Motors will emerge as a bright spot in an automobile industry challenged by a weakening electric vehicle market. But Wall Street firms including Citigroup and Bank of America now think General Motors can strengthen its position in EVs. GM TSLA YTD mountain General Motors stock has outpaced Tesla in 2024. The bank has a buy rating on General Motors with a $96 per share price target, implying 113% upside from Monday's $45.17 close. Murphy's $75 per share price target implies 66% upside over the next 12 months.

Persons: Tesla, Itay Michaeli, John Murphy, GM's, Murphy, Ryan Brinkman Organizations: EV, Elon, Citigroup, Bank of America, General Motors, GM, Wall, Citi, JPMorgan Locations: EVs

☆ Apple desperately needs its Next Big Thing
▼ + stars: | 2024-05-14 | by ( Paris Marx | ) www.businessinsider.com time to read: +10 min

But after a decade of doing that, iPhone sales are slowing, revenue is down, and the company, again, needs to find its next big thing. Apple's own outlook suggests poor iPhone sales will persist, especially as sales in China rapidly decline. The drawbacks of Cook's divestment from product design and development are now becoming clearer. Both the EU and the US cases would also make some people more likely to switch to a cheaper phone, which would threaten iPhone sales even further. The drawbacks of Cook's divestment from product design and development are now becoming clearer.

Persons: Steve Jobs, Jobs, Apple, Tim Cook, Cook, haven't, Steve, Tripp Mickle, Jony Ive, we've, wouldn't, Let's, aren't, Peter Kafka Organizations: Apple, Apple Watch, IBM, Google, EU, Bloomberg, Nasdaq, Business Locations: China, Asia, India, Indonesia

☆ Putin to meet Xi in China as world convulses from global conflicts
▼ + stars: | 2024-05-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

Pyongyang – which has an economy almost entirely dependent of China – is believed by Western governments to be aiding Russia with war supplies. Xi has ramped up his calls for Europe and other countries to help the world avoid a “Cold War,” suggesting they resist what Beijing sees as US efforts to contain China. They have also criticized Israel and the United States – converging with mounting global backlash, especially across the Global South against Israel’s war. The conflict has also impacted how China and Russia view their relations with countries there, he added. China “wants to use Russia” for its aims, but Russia is making China weak, he said.

Persons: Xi Jinping, Vladimir Putin, Putin, –, It’s, China –, Xi, France –, Jens Stoltenberg, Sergei Guneyev, ”, Li Mingjiang, Manoj Kewalramani, Russia doesn’t, Stringer, Gaza —, Sergey Lavrov, presser, Wang Yi, Israel, “, Privately, Shen Dingli, China “, Alexander Dugin, Donald Trump, Li Organizations: Hong Kong CNN, West, NATO, Forum, Singapore’s Nanyang Technological University, EU, Takshashila, Boys, Getty, United, Global, Shanghai Cooperation Organization, Russia, Weibo, Moscow, CNN Locations: Hong Kong, China, Russian, Gaza, Ukraine, Moscow, Washington, Iran, North Korea, Pyongyang, Russia, Tehran, Beijing, Europe, France, Serbia, Hungary, Bangalore, Rafah, AFP, Israel, United States, Kewalramani, South, Taiwan, Shanghai, Singapore

☆ A law firm that boasts of being the 'most-feared' in the world is boosting pay for newly qualified London lawyers to $225,500
▼ + stars: | 2024-05-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

US law firm Quinn Emanuel has upped pay for junior lawyers to $225,500. Legal pay has been increasing, but keeping pace with the deep pockets of US-based rivals is challenging for UK firms. AdvertisementQuinn Emanuel, one of the largest global litigation firms, just made a major play to attract young talent in London. The firm is increasing base annual salaries for young lawyers to $225,500 (£180,000), according to a statement published on Friday. This story is available exclusively to Business Insider subscribers.

Persons: Quinn Emanuel, —, Law.com Organizations: Service, Business Locations: London

☆ Meet the group preparing for a Soviet Union-type collapse of the US economy
▼ + stars: | 2024-05-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the people preparing for the collapse of the financial system . The big storyPreparing for the worstAdobe; Chelsea Jia Feng/BIOpinions fluctuate on the economy, but one group has a decidedly strong take. In the subreddit r/economiccollapse, users are preparing for a Soviet Union-type fall of the US economy , writes Business Insider's Jennifer Sor. Further down the economic totem pole, ALICEs (asset limited, income constrained, employed) are struggling to make ends meet . 3 things in techAlex Wong/Getty Images, STR / Contributor/Getty Images, Stephane De Sakutin/Contributor/Getty Images, Abanti Chowdhury/BIHow Mark Zuckerberg turned against the news.

Persons: —, Chelsea Jia Feng, Jennifer Sor, Jennifer, aren't, Tyler, there's, Neil Dutta, Jim Simons, annualized, Alex Wong, Stephane De Sakutin, Abanti Chowdhury, Mark Zuckerberg, Zuckerberg, Rupert Murdoch, Sam Altman, Alyssa Powell, Rick Doblin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Chelsea, Macro, Renaissance Technologies, Big Tech, Apple, FDA, FOX Locations: Soviet Union, China, Washington, Beijing, New York, London, Chicago

☆ Mortgage companies could intensify the next recession, US officials warn
▼ + stars: | 2024-05-13 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Unlike traditional banks, nonbank mortgage companies like Rocket Mortgage are heavily exposed to swings in the mortgage market, depend on funding that can dry up during times of stress and don’t have stable deposits to rely on as a safety net. Despite the wonky term, nonbank mortgage companies have become vital players that make most home mortgages in the United States today. As of 2022, nonbank mortgage companies originated about two-thirds of US mortgages and owned the servicing rights on 54% of mortgage balances, according to FSOC. “Nonbank mortgage firms are thinly capitalized, which makes them vulnerable to failure if they lose financing or mortgage defaults spike,” said McCoy, a former mortgage regulator. “Starting in early 2007, we saw a tsunami of nonbank mortgage firms fail precisely for these reasons.”

Persons: Janet Yellen, FSOC, Cooper, ” FSOC, Ginnie Mae, Bob Broeksmit, Patricia McCoy, ”, McCoy Organizations: New, New York CNN, Rocket, Mortgage, Mortgage Bankers Association, ABA, Boston College Law School, “ Locations: New York, United States

☆ Elon Musk's Tesla dreams may hinge on his blossoming bromance with Argentina's libertarian president Javier Milei
▼ + stars: | 2024-05-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Elon Musk seems to be courting Argentine President Javier Milei to secure lithium supplies. AdvertisementTesla CEO Elon Musk has been cozying up to Argentine president Javier Milei — and lithium may be one reason why. Milei told the TV show "La Noche De Mirtha" in December that Musk had called him and said he was "extremely interested" in lithium. Argentina's ambassador to the US, Gerardo Wethein, told Argentine media that the pair talked about Tesla's "investment opportunities" in lithium, the Financial Times reported. Musk met up with Milei again last week, shared a photo of them on X, and later told his followers: "I recommend investing in Argentina."

Persons: Elon Musk, Javier Milei, —, Milei, Musk, Tesla, Gerardo Wethein, Donald Trump, He's Organizations: Argentine, EV, Service, Business, United States Geological Survey, Reuters, Financial Times Locations: Argentina, Argentine, Texas, Tesla's, Austin

☆ Why a debt-fueled US economy is facing a hard landing in 2025, chief economist says
▼ + stars: | 2024-05-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

According to the Apollo chief economist, that's because current strength stems from high debt loads, both among US consumers and the corporate world. Slok pointed out that delinquencies are rising on credit cards and auto loans, despite an economy with low unemployment. But while that keeps a hard landing on the table, the next few quarters will still deliver solid performance, he said. Advertisement"We still have behind us a very strong tailwind. We still have strong spending in the pipeline from the Chips Act, Inflation Reduction Act, the Infrastructure Act."

Persons: —, Torsten Slok, Slok Organizations: Service, Apollo, Business, Bloomberg, Fitch, Reserve Locations: headwinds

☆ US politicians aren’t prepared for the AI revolution. That’s bad for the economy
▼ + stars: | 2024-05-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Now look at AI, we’re going to have that same disruption except it’s going to be much faster. We really need to rethink how we manage change. There are many communities and many groups of individuals who don’t really feel like contemporary capitalism is serving them well. If I said, “I’m going to have a block grant for communities. I’m going to boost community colleges,” why is that bad?

Persons: Columbia Business School Glenn Hubbard, Bell, Hubbard, they’ve, that’s, it’s, That’s, I’m, don’t, we’re, “ I’m Organizations: CNN Business, Bell, New York CNN, Columbia Business School, Biden Locations: New York, United States

Search resuls for: "Firms"

25 mentions found