DIRS.INFO The most relevant business & tech news

☆ Stock futures rise as Wall Street readies for the start of the second quarter: Live updates
▼ + stars: | 2024-03-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures rose slightly on Sunday evening as Wall Street prepared for the start of the second quarter. Futures tied to the Dow Jones Industrial Average added 110 points, or 0.3%, while S&P 500 futures and Nasdaq-100 futures gained 0.3% and 0.5%, respectively. The personal consumption expenditures price index, released Friday during the market closure for Good Friday, showed inflation rose 2.8% in February, which is in line with expectations. The inflation gauge closely watched by the Federal Reserve also rose 0.3% from a month ago, the Commerce Department said. Ongoing bets on artificial intelligence stocks and tailwinds from Nvidia have continued powering the market higher in the new year after a strong 2023.

Persons: Giuseppe Sette, Ryan Detrick Organizations: Dow Jones, Nasdaq, Federal, Commerce Department, Fed, Dow, Nvidia, Federal Reserve, Carson Group

☆ Inflation will be on investors' minds next week as worries over sky-high valuations grow
▼ + stars: | 2024-03-08 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

The February consumer price index, set for release Tuesday, and the producer price index, due out Thursday, could hurt equities if the reports come out hotter than expected. The S & P 500 closed out the week with losses, but has advanced more than 7% for the year. Some stubborn spots in inflation February's consumer inflation data next week comes after January's surprisingly hot report dented investor hopes the so-called last mile to the Fed's 2% inflation target will be easy. Export Price Index (February) 8:30 a.m. Import Price Index (February) 8:30 a.m.

Persons: Giuseppe Sette, FactSet, James Ragan, Davidson, Nordstrom, Davidson's Ragan, Kathleen Grace, Russell, Office's Grace, Grace, Price, Jeff Cox, Nick Wells Organizations: Fed, Nvidia, Meta, Oracle, Treasury Budget, Adobe, Price, Index, Manufacturing Locations: chug, Michigan

☆ Wall Street turns to Nvidia earnings in the week ahead as stocks try to keep their November momentum
▼ + stars: | 2023-11-17 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Nvidia earnings will be in focus in the Thanksgiving-shortened week ahead, as investors consider the sustainability of the November rally heading into year-end. NVDA YTD mountain Nvidia YTD The chip giant's results will come amid a broad rally for equities this month. The S & P 500 has climbed more than 7%, and the tech-heavy Nasdaq Composite has advanced more than 9%. That stands in marked contrast to the S & P 500, which trades at a multiple of 22. Hopes for a dovish Fed Wall Street is also heading into next week after absorbing some positive news.

Persons: Timothy Arcuri, China —, Piper Sandler, Harsh Kumar, Quincy Krosby, Bill Baruch, CNBC's, That's, Bonds, Giuseppe Sette, Dow, Jeff Hirsch, —, Michael Bloom Organizations: Nvidia, UBS, Dow Jones Industrial, Nasdaq, Microsoft, LPL, Dow, Blue, Investors, Chicago Fed, HP Inc, Autodesk, Devices, Lowe's, Deere, P, PMI, P Global PMI Locations: FactSet, China, Treasurys, Lombard, Michigan

☆ The Harvard economics PhD whiz who is teaching generative AI to invest for everyone
▼ + stars: | 2023-06-06 | by ( Kiley Lambert | ) www.cnbc.com time to read: +3 min

Szilagyi has the record for the fastest-ever Harvard Economics Ph.D. (2.5 years), studying under Ken Rogoff. In addition to his economics Ph.D., Szilagyi holds BA and MA degrees in mathematics and economics from Yale. Szilagyi: Toggle is a generative AI startup that sits squarely at the intersection of finance and artificial intelligence. Toggle AI was really born from observing the ever-mounting flow of financial data that we needed to track. Thanks to his support, Toggle AI took off with a mission to provide every investor and advisor with powerful AI tools in an easy-to-navigate, chat interface.

Persons: Jan Szilagyi, Szilagyi, Stanley Druckenmiller, Lombard Odier, Ken Rogoff, Giuseppe Sette, Druckenmiller Organizations: Duquesne Capital, Lombard, Harvard, Yale, CNBC, Summit, Microsoft, Duquesne Locations: Szilagyi, Lombard

☆ Leaders like Elon Musk want to pause AI development, but the power of the free market means it's impossible to stop
▼ + stars: | 2023-04-03 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

Elon Musk and other business leaders signed a letter urging a six-month pause in AI development. From the moment the public was allowed to start testing OpenAI's GPT-3 in November, there was no stopping the bullet train of generative AI development. And the power of market forces means that there's no stopping the pace of AI development, even if companies like OpenAI wanted to. The train has left the station, and there's no going backSince November, and arguably even before, generative AI has been the technology on everyone's lips. Even if we wanted to pause AI development, there's not a clear way to enforce itThere's also the problem of enforcement.

☆ An AI firm created the ChatGPT of investing, and a basket of its favorite stocks outperformed the S&P 500 over the last two years. Here are the 5 stocks it says you should buy to weather further marke
▼ + stars: | 2023-03-25 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Toggle AI trains large language models like ChatGPT to enhance investing decisions. Now, investors have been drawn to the AI industry like moths to a flame, as they try to gauge which companies will win the battle for AI market dominance. But while ChatGPT may have an early lead in the AI race, Giuseppe Sette, co-founder and president of Toggle AI, isn't worried. An example of the Toggle AI capabilities Sette is currently working on. 5 Toggle-selected stocks to buyWith macroeconomic headwinds continuing to challenge markets in 2023, Sette believes that value stocks are set to outperform, at least for the near future.

☆ The president of a firm using AI technology to beat the S&P 500 over the last two years shares 8 stocks to buy that have outperformed during previous rate hike cycles
▼ + stars: | 2022-11-13 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Toggle President Giuseppe Sette shared eight stocks to buy to outperform the rate hiking cycle. Inflation may have slightly cooled last month, but that doesn't mean the Federal Reserve is planning to stop its rate hiking program anytime soon. With the US economy still in the middle of a rate hiking cycle, where's the best place for investors to park their money right now? "It doesn't look like this is a market you want to be holding in, getting back to the single stocks," Sette added. Top 8 stocks to outperform a rate hiking cycleUsing Toggle's methodology, Sette shared eight stocks that have outperformed during a rate hiking cycle, with the current market conditions mirroring the environments in which these stocks have previously succeeded.

☆ European shares ease from eight-week highs as U.S. midterm results pour in
▼ + stars: | 2022-11-09 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +3 min

The pan-European STOXX 600 index (.STOXX) fell 0.6% by 0930 GMT, with the retail sector index (.SXRP) down 1.1%. Britain's Marks & Spencer (MKS.L) slipped 3.6%, down the most on the sector index, as it warned of a "gathering storm" of higher costs and pressure on household budgets. Among other stocks, Germany's Commerzbank shed 5.2%, weighing down the banks index by 0.9%. German speciality chemicals maker Lanxess (LXSG.DE) dropped 3.6% as it cut the top end of its forecast range for annual profit on weaker demand. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Uttaresh.V and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Earnings from the companies will offer a glimpse into how corporate America is holding up in the face of decades-high inflation and tighter financial conditions. "There is a positive view (on technology earnings)," said Giuseppe Sette, president of AI investment platform Toggle. FEDWATCHToggle's Sette noted that it is not yet a done deal that investors are shifting towards a more dovish Fed. Advancing issues outnumbered decliners by a 5.16-to-1 ratio on the NYSE and by a 4.03-to-1 ratio on the Nasdaq. The S&P index recorded 10 new 52-week highs and one new low, while the Nasdaq recorded 41 new highs and 76 new lows.

Earnings reports from companies including Microsoft (MSFT.O) and Google-owner Alphabet (GOOGL.O) will offer further clues on the strength of corporate America amid higher Treasury yields and an aggressive Federal Reserve tightening cycle. Shares of the two companies, which report after market close, were up about 0.2% each in premarket trading. Register now for FREE unlimited access to Reuters.com Register"There is a positive view (on technology earnings)," said Giuseppe Sette, president of AI investment platform Toggle. Leading premarket gains among Dow components, Coca-Cola Co (KO.N) rose 2.4% after the company raised its annual revenue and profit forecasts, banking on steady demand amid price increases. 3M (MMM.N), on the other hand, fell 2.8% as it cut its full-year revenue and profit forecasts due to a stronger dollar.

Search resuls for: "Giuseppe Sette"

10 mentions found