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☆ China is building a huge network of satellites that could be used against US troops: intel chief
▼ + stars: | 2024-05-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

China has developed a large network of military satellites. AdvertisementChina has developed a network of hundreds of military satellites that could be used to target US troops, a Pentagon official warned. Maj. Gen. Greg Gagnon, deputy chief of space operations for intelligence, told a conference on Thursday that China had developed a sophisticated military satellite program. He said it could be used to track and target US troops moving to defend Taiwan, Defense One reported. "For the first time in decades, US leadership in space and space technology is being challenged," Meink added.

Persons: —, Greg Gagnon, Gagnon, we're, America —, Troy Meink, Space.com, Meink Organizations: Pentagon, Service, Defense, National Reconnaissance Office Locations: China, Taiwan, America, Colorado

☆ See the pitch deck that helped former investment bankers raise a $7 million seed round for their generative 'AI consigliere' to bankers and analysts
▼ + stars: | 2024-02-15 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

It’s a reality that’s all too common among bankers on Wall Street — and one that venture-capital investors are hoping to capitalize on . "I was seeing how rote the work was, what a pain it was,” Stengel said, who would often work hundred-hour weeks . While at Princeton in 2019, Stengel researched how to use AI in chatbot form to analyze financial and economic data. Rogo is an AI platform built for investment bankers, hedge fund analysts, and private equity investors. Here's the 9-page pitch deck Rogo used to raise $7 million.

Persons: Gabriel Stengel, It’s, ” Stengel, Stengel, John Willett, Tumas Rackaitis, Gilder Gagnon Howe, ”, we've Organizations: Service, Lazard, Wall, Business, Princeton, JPMorgan, Co, AlleyCorp, Company Ventures, BoxGroup, ScOp Ventures, SEC

☆ How America’s economy keeps defying expectations when the rest of the world is struggling
▼ + stars: | 2024-01-26 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

Economists were convinced the last quarter of 2023 had to be the one where economic growth slowed significantly after the prior quarter’s gangbuster 4.9% annualized growth rate. Gross domestic product, the broadest measure of economic output, did slow last quarter to a 3.3% annualized rate. It’s remarkable given economists were expecting 1.5% annualized GDP growth last quarter. But what’s perhaps most remarkable about the US economic growth rate is how much it towers over similarly sized advanced economies. Covid stimulus money is helping Americans avoid cutting back on spending.

Persons: Larry David, that’s, rateaccording, Joseph Gagnon, David Paul Morris, Gagnon, That’s, Alicia Wallace, Hanna Ziady, he’s, I’ve, it’s Organizations: New, New York CNN, Gross, Peterson Institute for International Economics, Federal Reserve, Bloomberg Locations: New York, Singapore, Europe, Ukraine

☆ How will the Federal Reserve’s rate hike pause affect the dollar?
▼ + stars: | 2023-06-15 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

A strong dollar affects prices, tourism and tradeThe ripple effect of a robust dollar permeates various parts of the economic picture, from international trade to tourism. “One of the underappreciated dimensions of a strong dollar is that it weighs on inflation,” she said. While Americans may find trips abroad relatively cheaper during times of dollar strength, tourism to the United States may take a hit. Relative weakness in European and Asian economies has also added investors’ appetite for the dollar, according to Gagnon. “I don’t see anything on the horizon that would weaken the dollar,” Gagnon said.

Persons: … that’s, Lisa Shalett, Shalett, Joseph Gagnon, ”, That’s, Gagnon, ” Gagnon, Goldman Sachs, “ Organizations: CNN, Federal Reserve, Morgan Stanley Wealth Management, Products, Walmart, Peterson Institute for International Economics, Deutsche Bank, eventual Locations: United, United States

☆ Will The U.S. Economy Pull Off a 'Soft Landing'? - The New York Times
▼ + stars: | 2023-05-18 | by ( Paul Krugman | ) www.nytimes.com time to read: +22 min

Will The U.S. Economy Pull Off a ‘Soft Landing’? The soft, the hard and the grayThere isn’t any standard definition of an economic soft landing. But what’s an acceptable inflation rate? On the other side, policymakers used to believe that an unemployment rate below 4 percent was basically unattainable without runaway inflation. Unless we have a really, really hard landing, the overall story of the postpandemic economy will be one of remarkable resilience.

☆ Amazon to expand office supplies business after pandemic sales boost in Europe
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

LONDON, April 20 (Reuters) - Amazon plans to expand its business selling office supplies in Europe and internationally after the pandemic helped boost sales as companies shopped more online and looked for bulk discounts. Amazon Business' gross sales in Europe grew at a compound annual rate of 25% from 2020 to 2022, vice president Alexandre Gagnon said in an interview. In Europe, the business launched first in Germany in 2016, then Britain in the following year, followed by Italy, Spain and France in 2018. "Because businesses buy in larger quantities, the fulfilment economics are more advantageous," Gagnon said, adding that Amazon gives companies discounts for bulk orders. Amazon Business clients in the region include Siemens Gamesa, Centrica, and ABB, the company said.

☆ Man charged with dangerous driving after 'premeditated' killing of two in Canada
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +2 min

[1/2] Firefighters stand near the site where a man ran down a group of pedestrians with a van in the in the Lower St. Lawrence region of Amqui, Quebec, Canada on March 13, 2023. Prosecutors told reporters that more charges would be filed as police completed their investigations but said it was too early to talk about possible murder charges. Police spokesperson Claude Doiron told reporters Gagnon was cooperating in the investigation. Quebec prosecutor Simon Blanchette told reporters it was too early to speak about a motive. "We see these types of events are happening more and more around the world, it's not unique to us," Quebec Premier Francois Legault told reporters.

☆ Recession 2023: Jerome Powell's Legacy Will Dictate Inflation, Stock Market, Economy
▼ + stars: | 2023-01-30 | by ( William Edwards | ) www.businessinsider.com time to read: +15 min

This obsession with controlling inflation — and potentially causing serious pain for average Americans — is driven by one major factor: legacy. High inflation eats away at consumers' purchasing power, and persistent inflation seeps into expectations for price and wage adjustments, which further fuel inflation. What's more, the full impact of the Fed's rate hikes have yet to hit. Legacy actsThere are signs that certain Fed officials are ready to dial back on the inflation fight. And navigating such a tricky economy — without throwing hundreds of thousands of Americans out of work — could cement Powell's legacy.

☆ Here's what you need to know before you shop for a new TV on Black Friday
▼ + stars: | 2022-11-23 | by ( Sofia Pitt | ) www.cnbc.com time to read: +8 min

"TVs you'll find on Black Friday are typically going to be entry-level sets," said Paul Gagnon, vice president and industry advisor for the market research company The NPD Group. People will be able to play Xbox Game Pass games over a cloud connection on 2022 Samsung smart TVs. When it comes to using the preloaded apps on your TV, it's important to know that smart TV stores, where you can download apps for your TV, vary depending on the TV's brand. Samsung TVs will let you access the Samsung Smart TV store, and LG TVs have the LG Content Store. If you're relying on the TV's built-in applications, Gagnon suggested, make sure the smart TV you're buying supports all the streaming apps you frequently use.

☆ Debt ceiling fights aren’t new. The next one could unleash ‘Armageddon’
▼ + stars: | 2022-10-29 | by ( Julia Horowitz | ) edition.cnn.com time to read: +6 min

Fears are brewing that a showdown between Republicans and President Joe Biden over the debt ceiling in 2023 could present a similar moment of reckoning. “The debt ceiling is probably the biggest institutional quirk in the US that carries with it some global risk and risk to the Treasury market,” Setser said. While brinkmanship over the debt limit has become commonplace, the stakes could be higher now that financial markets are on edge. “If the US does not raise its debt ceiling and defaults on its debt, that is an Armageddon moment,” Day said. Yellen told CNN that it’s “utterly essential” that the debt ceiling is raised when necessary.

☆ Premarket stocks: Is the bitcoin winter beginning to thaw out?
▼ + stars: | 2022-09-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

But signs of a thaw, spurred on by global currency chaos, are beginning to appear. The gains gave crypto bulls hope that bitcoin was becoming a safe haven asset, or one that acts as a hedge when stocks are falling. Then, around midday, the dollar grew in strength and bitcoin came crashing down again, wiping out all of its recent gains. But all assets are suffering, bitcoin isn’t in this alone.”The silver lining: But even as bitcoin prices fall, investors see signs of a bottom. The central bank is also considering the launch of a Central Bank Digital Currency, which is essentially a digital version of the dollar.

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