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☆ Get in the next phase of AI broadening out in industrials, says Citi's Drew Pettit
▼ + stars: | 2024-03-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGet in the next phase of AI broadening out in industrials, says Citi's Drew PettitDrew Pettit, Citi Director of U.S. equity strategy director, joins 'Closing Bell: Overtime' to discuss alternative ways to get into the AI trade rather than going for the big name stocks.

Persons: Citi's Drew Pettit Drew Pettit Organizations: Citi Locations: industrials

☆ Watch CNBC's full interview with Citi's Drew Pettit
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Citi's Drew PettitDrew Pettit, Citi Director of U.S. Equity Strategy, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Citi's Drew Pettit Drew Pettit Organizations: Citi, U.S, Equity

☆ Don't chase the market at this point, says Citi's Drew Pettit
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't chase the market at this point, says Citi's Drew PettitDrew Pettit, Citi director of U.S. equity strategy, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Citi's Drew Pettit Drew Pettit Organizations: Citi

☆ Stock futures are little changed Tuesday night as investors await fresh inflation data: Live updates
▼ + stars: | 2024-02-27 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Futures tied to the Dow Jones Industrial Average slipped 41 points, or 0.1%. S&P 500 futures pulled back 0.04%, while Nasdaq 100 futures slid 0.08%. In Tuesday's regular session, the S&P 500 and the Nasdaq Composite ended the day with small gains, up 0.17% and 0.37%, respectively. The S&P 500 and the Dow are off the highs they just notched late last week, but investors may want to think twice before they aggressively ramp up on equities. On Wednesday, investors will look to earnings results from retailer The TJX Cos. and pharmaceutical name Viatris in the morning.

Persons: Dow, Drew Pettit, hasn't, Cos, Salesforce Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, eBay, Urban Outfitters, Citi

☆ Some hear echoes of the Web3 frenzy around generative AI. But its future is likely to play out very differently.
▼ + stars: | 2024-02-19 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Mariam Pettit, partner at Global Founders Capital, said the rush toward AI was in part driven by investor FOMO. While investors and industry insiders don't anticipate the same fate for generative AI startups, many see the parallels between the two industries. Indeed, VCs are paying premiums and pre-empting rounds into hot AI startups in a bid to get a place on the cap table. AI founders are aware that they need to differentiate themselves in order to survive, at the very least. "And with vertical AI startups, it's much clearer that all the data we have is approved by the creator of that data."

Persons: Marc Andreessen, ChatGPT, Mariam Pettit, FOMO, Rainer Haeckl Web3, Sam Bankman Fried, Ash Arora, LocalGlobe, Arora, Sam Altman, Andreessen Horowitz, Ayman Fadil, Fadil, Pettit, Devang Agarwal Organizations: Business, Alpha, Global Founders Capital, Investors, Tech, Talis Locations: German, London, Web3, LocalGlobe, Jasper

☆ S&P 500 closes above 5,000 for first time in history
▼ + stars: | 2024-02-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P 500 closes above 5,000 for first time in historyDrew Pettit, Citi director of U.S. equity strategy, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Drew Pettit Organizations: Citi

☆ 'The gorilla is gone for the moment': OpenAI's rivals see ways to profit from a Silicon Valley drama
▼ + stars: | 2023-11-21 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

An in-demand talent pool"Many previously poorly understood secrets will be more widely disseminated across the ecosystem," one European AI founder who spoke on the condition of anonymity said. But European competitors can still benefit from OpenAI's implosion. The startup had been on an uninterrupted run for the past year, said EarlyBird VC partner and Aleph Alpha investor Andre Retterath. The turmoil at OpenAI has also galvanized both AI founders and investors in Europe. The company's top expenditure, besides employee salaries, is manually cleaning and sourcing the data they use to train their models, a European VC said.

Persons: Sam Altman, unseats, Nathan Benaich, Altman, Marc Benioff, Salesforce, Silvio Savarese, Einstein, 1RXoc9ekeo, Benaich, Alpha, EarlyBird, Andre Retterath, Retterath, Mariam Pettit, they've, OpenAI, Andrew Scott, 7percent, David Grimm, Grimm, Rebecca Gorman Organizations: Air Street Capital, Business, Aleph Alpha, Microsoft, Google, Alpha, Global Founders Capital, Albion Locations: Europe, OpenAI

☆ Make America Build Again
▼ + stars: | 2023-11-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +37 min

America is the sixth-most-expensive place in the world to build subways and trolleys. The solutions will cost trillions of dollars and require a pace of building unseen in America since World War II. Perhaps the single most pressing question we face today is: How do we make America build again? "For this class of projects, federal environmental laws are more the exception." The prospect of overhauling our hard-won environmental laws might feel like sacrilege to anyone who cares about the Earth.

Persons: Anne, Marie Griger's, Griger, —, They're, Obama, I'm, we've, We've, I'd, It's, Matt Harrison Clough, Jamie Pleune, AECOM, Joe Biden's, There's, David Adelman, David Spence, Spence, James Coleman, NECA, Coleman, everyone's, Danielle Stokes, Nobody, Bill McKibben, Mother Jones, McKibben, Michael Gerrard, Columbia University —, they've, David Pettit, it's, Zachary Liscow, That's who's, Adam Rogers Organizations: RES Group, Environmental, Infrastructure Investment, Jobs, Land Management, Forest Service, University of Utah, Harvard Joint Center for Housing Studies, Brookings, Bureau of Ocean Energy Management, White, University of Texas, Greenpeace, Natural Resources Defense Council, Act, NEPA, Berkeley, University of California, University of Southern, Southern Methodist University, Ecosystems Conservation, GOP, Biden, Motorola, Telecommunications, Conservatives, Federal Energy Regulatory Commission, FERC, University of Richmond, UC Berkeley, USC, Star, Sabin, Climate, Columbia University, Natural Resources Defense, Republicans, Democrats, Management, Budget, Yale Law School Locations: Panama, Colorado, . California, Los Angeles, San Francisco, China, America, Washington, , Wyoming, Nantucket, New England, San Francisco ., University of Southern California, California, New York, Florida, Southern California, Las Vegas

☆ Walmart managers are going to extreme lengths to get customers to complete the retailer's checkout survey. It's confusing shoppers and workers.
▼ + stars: | 2023-10-30 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Some Walmart managers are trying to get as many customers as possible to do a survey at checkout. For Walmart customers and employees, it's proving a source of confusion and annoyance. AdvertisementAdvertisementTwo Walmart associates told Insider that the pressure to have each customer fill out the survey came from store managers. Stores are supposed to aim for an average rating of 4.6 out of five stars, the two employees told Insider. "The person can't even say why they're giving the bad review," the associate in the Southwest told Insider.

Persons: It's, —, Chad Pettit, Pettit, ady, eck, ake, ure Organizations: Walmart, Service, TikTok

☆ Citi says the clean energy investing opportunity is 'alive and well' despite poor performance. What to buy
▼ + stars: | 2023-08-28 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Investors should completely bail on clean energy stocks with some select opportunities in the space presenting themselves, according to Citi. The iShares Global Clean Energy ETF (ICLN) is down 30% over the past two years. "Volatility in Clean Energy stocks piqued our interest and sparked a question: is this theme still investable? "The profitable side of Clean Energy is alive and well with many stock selection opportunities." Here's 10 that made his list: While some solar stocks were considered risks, SolarEdge and Enphase made the better list.

Persons: Drew Pettit, Pettit, There's, Enphase, Sophie Karp, Karp, It's, SPX, Cummins, — CNBC's Michael Bloom Organizations: Citi, Clean Energy, Energy Locations: Friday's

☆ A family shares Alzheimer's on social media
▼ + stars: | 2022-12-09 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +6 min

Now, in what doctors say are the final stages of her Alzheimer’s disease, Betty Pettit has found new ways to share the love on TikTok. Alzheimer’s disease is a progressive condition involving parts of the brain that control thought, memory, and language, according to the US Centers for Disease Control and Prevention. “It was just such a beautiful, pure moment,” Josh Pettit said. Despite its prevalence, Josh Pettit said that comments on his videos show that a lot of people may not have an accurate idea of what Alzheimer’s is like. It began with smaller things like moving things around and repeating herself, Josh Pettit said.

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