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☆ The 'next big thing' in tech will come from these areas, UBS says — naming stocks to play the theme
▼ + stars: | 2024-03-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The "next big thing" in tech will come from sectors such as enabling tech — which includes artificial intelligence and cybersecurity — as well as healthtech, greentech and fintech, UBS said. Here are some names from UBS' list and what it says about each stock. "The medical surgical and neurological business has also returned to strong growth as the pandemic impact fades," the bank said. Broadcom : UBS says that Broadcom boasts a "market-leading" position in semiconductor design. Its greentech picks include French industrial gases and services company Air Liquide , French utility firm Engie , and German chemicals firm Wacker Chemie .

Persons: —, Stryker, ASML, — CNBC's Michael Bloom Organizations: UBS, fintech, Baidu, ASML, Broadcom, 5G, Intercontinental Exchange, Mastercard, Air, Wacker Chemie Locations: Wacker

☆ Google suspends Gemini from making AI images of people after a backlash complaining it was 'woke'
▼ + stars: | 2024-02-22 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Google says it will fix Gemini, its answer to OpenAI's GPT-4, after people complained the multi-modal AI model's image-generating feature was "woke." On Thursday, the company said in a statement sent to Business Insider that it was pausing Gemini from generating AI images of people while it makes the changes. AdvertisementNew game: Try to get Google Gemini to make an image of a Caucasian male. Woke AI Gemini is awkward… it keeps inserting the word “diverse” into its responses even though the prompt isn’t for such content. Google; Business InsiderThe spokesperson added that Google will "re-release an improved version soon."

Persons: —, OpenAI's, Gemini, 1LAzZM2pXF — Frank J, Fleming, @IMAO_, Mike Wacker, Medvin Organizations: Service, Google, Business, BBC News Locations: @m_wacker

☆ Can we turn all those empty office buildings into housing?
▼ + stars: | 2024-01-13 | by ( Anna Bahney | ) edition.cnn.com time to read: +9 min

Experts in housing, building, and urban planning say it may be difficult to convert office space to livable, likeable residential housing, but there’s an urgent reason they’re trying. More office space is sitting empty in the United States than at any point since 1979, Moody’s Analytics reported earlier this week. By some estimates, only 3% of New York City office buildings and 2% in downtown Denver are suited for residential conversions. Office space and homes are two fundamentally different types of buildings, according to builders and architects. Do you have another building where you can move them?”As result, according to Theodos, office conversions are not a solution to either the empty office glut or the housing supply shortage.

Persons: Biden, ”, Harold Bordwin, Keen, Brett Theodos, ” Bordwin, “, ” Maren Reepmeyer, ” Theodos, –, Nathaniel Meyersohn, Donald Judd Organizations: DC CNN, Moody’s, National Association of Realtors, Summit Capital Partners, Metropolitan Housing, Policy Center, Urban Institute, “, CBRE, Wacker, Chicago Business Locations: Washington, New York, Boston, Cleveland, United States, Manhattan, “, New York City, Denver, Chicago, Theodos

These include plans by ArcelorMittal , the world's second-largest steelmaker, to spend 2.5 billion euros to decarbonise its German steel mills, efforts that depend on now-uncertain government support. "What we're seeing here is devastating for Germany as a business location globally. Besides the 6 billion euros of steel investments, other sectors potentially affected by the court ruling include 4 billion euros in the area of microelectronics and 20 billion euros for battery cell production, according to an economy ministry paper seen by Reuters. Those have previously been estimated at 68 billion euros. "Important industries in Germany, such as chemicals or steel production, need economical energy prices," Oliver Blume, CEO of Europe's top carmaker Volkswagen (VOWG_p.DE), told Frankfurter Allgemeine Zeitung.

Persons: Olaf Scholz, Robert Habeck, Christian Lindner, Reiner Blaschek, Chancellor Olaf Scholz, Stefan Rauber, Intel INTC.O, Taiwan's, Bernhard Osburg, Oliver Blume, Christoph Steitz, Tom Kaeckenhoff, Andreas Rinke, Catherine Evans Organizations: Climate, Finance, ArcelorMittal, SHS Stahl, Reuters, IMF, Intel, TW, Infineon, Steel, BASF, Wacker Chemie, Volkswagen, Frankfurter Allgemeine Zeitung, Thomson Locations: FRANKFURT, DUESSELDORF, Berlin, Germany, Asia, United States, U.S, USA, Steel Europe

☆ European stocks open lower as earnings roll in; Standard Chartered plunges 10%; ECB set to hold rates
▼ + stars: | 2023-10-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Auto stocks plunged 3.45% as results disappointed, while travel stocks traded 1.7% lower. European stock markets opened sharply lower Thursday as attention remains on third-quarter earnings and government bond yields. Results are out from a slew of companies including Standard Chartered, BNP Paribas, TotalEnergies, Volvo Cars, Novozymes, Volkswagen, Carrefour, Saab and Wacker Chemie. Meanwhile, monetary policy decisions are due from the European Central Bank — for which markets have priced in a more than 98% likelihood of a hold in interest rates — and the central bank of Turkey, from which economists polled by Reuters anticipate a 500 basis point hike to 35%. The benchmark 10-year Japanese government bond yield hit a fresh 10-year high ahead of a central bank meeting next week, according to Reuters data.

Organizations: Chartered, Standard Chartered, BNP, TotalEnergies, Volvo, Volkswagen, Carrefour, Saab, Wacker Chemie, Investors, Facebook, Meta, European Central Bank —, Reuters, Treasury Locations: London, Turkey, Asia, Pacific

☆ European shares muted as miners weigh
▼ + stars: | 2023-07-04 | by ( ) www.reuters.com time to read: +1 min

July 4 (Reuters) - European shares were muted on Tuesday, as uncertainty about the direction of global interest rates prompted investors to stick to the sidelines, while miners weighed on concerns about weak demand from China. The pan-European STOXX 600 index (.STOXX) held steady at 461.17 points by 0710 GMT as investors weighed hawkish signals from central bankers against data pointing to slowing global growth. Miners (.SXPP) fell 0.3% as metal prices slipped on concerns about the demand outlook from China after a raft of weak economic data, while a 0.5% increase in banks (.SX7P) limited losses. Independence Day public holiday while the economic data calendar is also light. Wacker Chemie (WCHG.DE) advanced 2.7% to the top of the STOXX 600 after HSBC upgraded its rating to "buy" from "hold."

Persons: Amruta Khandekar, Dhanya Ann Thoppil Organizations: Wall, U.S, Independence, Wacker Chemie, HSBC, Thomson Locations: China

☆ Supply chain scrutiny may upend EU solar ambitions
▼ + stars: | 2023-05-23 | by ( Lisa Jucca | ) www.reuters.com time to read: +5 min

Western nations are rushing to install more solar panels to reduce their dependency on polluting fossil fuels like gas and oil. Yet a rising legislative tide aimed at ensuring companies’ supply chains are free from forced labour and other abuses presents a mounting challenge for Western utilities. Bernreuter estimates that non-Chinese solar-grade polysilicon is enough to produce 40 gigawatts of solar panels per year. Banned materials include polysilicon, an ultra-pure form of silicon, that is the key raw material used to make solar panels. The European Commission published in February 2022 a draft proposal aimed at forcing companies to better police their global supply chains.

☆ European shares edge higher as energy, bank stocks gain; US inflation data eyed
▼ + stars: | 2023-05-08 | by ( Amruta Khandekar | ) www.reuters.com time to read: +3 min

The pan-European STOXX 600 (.STOXX) rose 0.2% to 466.29 points by 0805 am GMT. The index was pressured last week when, unlike the Fed, the European Central Bank signalled more rate hikes were on the table. A slump in energy shares on weakness in crude prices also added to the declines. Energy (.SXEP) was the top sectoral gainer on Monday, up 0.8% as crude prices strengthened. Dutch Central Bank President Klaas Knot on Sunday said the ECB's rate hikes are starting to have an effect, but more will be needed to contain inflation.

☆ The Desert Is Their Inspiration. The $600,000 Art Studio? Their Oasis.
▼ + stars: | 2023-02-15 | by ( Alina Dizik | ) www.wsj.com time to read: 1 min

This week, The Wall Street Journal’s Mansion section is rolling out stories from our special desert living issue. Check out stories like this one on short-term renters flocking to the desert, a visit to Coachella Valley’s most expensive ZIP Code and more. Wendy Wacker wanted a space to do her creative writing when she built a 144-square-foot studio at her second home. She made it her own private sanctuary by having the only entrance connect to her bedroom. She made it more welcoming by using the Mojave Desert as a focal point.

☆ Wall Street's expectations for AI's influence on markets are skyrocketing, JPMorgan survey says
▼ + stars: | 2023-02-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Amid the recent hype surrounding ChatGPT, Wall Street increasingly anticipates artificial intelligence will change how markets operate. A JPMorgan survey found that 53% of traders believe AI will be the technology with the biggest influence on future trading. To be sure, AI technology has been revolutionizing Wall Street for years. Meanwhile, the hype created by ChatGPT has sent artificial intelligence stocks like Nvidia surging recently. The craze has even sent some obscure small-cap artificial intelligence stocks soaring too.

☆ Traders see inflation falling this year - JPMorgan survey
▼ + stars: | 2023-02-01 | by ( Naomi Rovnick | ) www.reuters.com time to read: +2 min

LONDON, Feb 1 (Reuters) - Most traders believe global inflation has peaked, while potential recession has emerged as the main risk to markets this year, according to a survey released on Wednesday. JPMorgan's annual survey of institutional and professional trading clients found that 44% of the 835 respondents predicted inflation will decrease in 2023. "Inflation was the number one concern for the market for quite a while," said Scott Wacker, head of FICC e-commerce sales at JPMorgan. The majority of JPMorgan's survey respondents in Europe, where price rises are running at around 9%, believed inflation rates would decrease. Traders in the U.S., where headline consumer prices rose at a rate of to 6.5% in the year to December, mostly thought inflation would plateau from here, the survey showed.

☆ How small-town Maine embraced a family that fled the Taliban
▼ + stars: | 2022-11-18 | by ( Elyse Lightman Samuels | ) www.businessinsider.com time to read: +36 min

CAPE ELIZABETH, Maine — Last November, at about midnight, Omid was lying in bed in his new home in Cape Elizabeth, Maine — exhausted, but unable to sleep. On this night, and on many nights during Omid's first few months in Maine, Nasir was soon at his door. Omid's family arrived in Maine just before Halloween in 2021 and recently celebrated one year in Maine. Catholic Charities, the local refugee-resettlement organization in Maine, was working with Omid's family to help them resettle. After Omid's family escaped Kabul, members of his extended family came by to collect some of their more precious items, and gave other things away.

☆ Exclusive: U.S. blocks more than 1,000 solar shipments over Chinese slave labor concerns
▼ + stars: | 2022-11-11 | by ( Nichola Groom | ) www.reuters.com time to read: +5 min

Nov 11 (Reuters) - More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at U.S. ports since June under a new law banning imports from China's Xinjiang region over concerns about slave labor, according to federal customs officials and industry sources. The agency would not reveal the manufacturers or confirm details about the quantity of solar equipment in the shipments, citing federal law that protects confidential trade secrets. But the companies have halted new shipments to the United States over concerns additional cargoes will also be detained, the industry sources said. The sources asked not to be named because they were not authorized to speak publicly on the matter. CBP has previously said that it had detained about 1,700 shipments worth $516.3 million under UFLPA through September but has never before detailed how many of those shipments contained solar equipment.

☆ Market reaction to Italy election outcome
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +6 min

Leader of Brothers of Italy Giorgia Meloni reacts at the party's election night headquarters, in Rome, Italy September 26, 2022. It last traded at 234 basis points. "Today's upward movement is a continuation of the market reaction seen on Friday after Britain's mini-budget and sounds like a warning to the eurozone countries as well." LUCA CAZZULANI, HEAD OF STRATEGY RESEARCH; LOREDANA MARIA FEDERICO, CHIEF ITALIAN ECONOMIST, UNICREDIT"We expect a rather muted market reaction in terms of BTPs credit spread in the short term, as the election outcome was broadly in line with expectations." We continue to expect the 10-year BTP-Bund spread to trade close to 250 basis points until year end."

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Persons: — Organizations: Service

☆ Mourinho e pus pe fapte mari. Două ţinte din Bundesliga care pot ajuta Tottenham
▼ + stars: | 2021-01-06 | by ( ) www.jurnal.md time to read: +1 min

Gruparea londoneză este interesată de transferurile lui Marcel Sabitzer (26 de ani) şi Leon Bailey (23 de ani). Austriacul a jucat în ţara sa natală pentru Admira Wacker, Rapid Viena şi RB Salzburg, iar din 2014 a ajuns în Germania. Leon Bailey, jaimaicanul de 23 de ani de la Bayer Leverkusen, a crescut enorm la Genk , după ce a fost adus în Europa de Trencin. În Germania joacă din 2017, iar pentru Leverkusen are deja 9 goluri în actuala stagiune, în 16 meciuri. Leverkusen cere 45 de milioane de euro pentru transferul fotbalistului adus în 2017 din Belgia.

Persons: Marcel Sabitzer, Leon Bailey, Spurs, Steven Bergwijn, Nagelsmann . Austriacul, internaţionale, Jose Mourinho, . Organizations: RB, Admira Wacker, Rapid Viena, RB Salzburg, Bayer Leverkusen, Arsenal şi Inter Milano, . Leverkusen Locations: austriac, RB Leipzig, ţara, Admira, Germania, Europa, Leverkusen, Belgia

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