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Dow notches another record close
  + stars: | 2024-09-20 | 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 EmailDow notches another record closeracie McMillion, Wells Fargo Investment Institute head of global asset allocation strategy, and Kevin Gordon, Charles Schwab senior investment strategist, join 'Closing Bell Overtime' to talk the day's record market action.
Persons: Kevin Gordon, Charles Schwab Organizations: Wells Fargo Investment Institute Locations: McMillion, Wells Fargo
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's flatness shows rest of the market is struggling, says Unlimited CEO Bob ElliottTracie McMillion, Wells Fargo head of global asset allocation strategy, and Bob Elliott, Unlimited CEO, join 'Closing Bell: Overtime' to discuss the markets, Nvidia earnings and sector winners.
Persons: Bob Elliott Tracie McMillion, Wells, Bob Elliott Organizations: Nvidia Locations: Wells Fargo
At his annual shareholder meeting in Omaha, Nebraska, the 93 year-old co-founder, chairman and CEO of Berkshire Hathaway issued a stark warning about the potential dangers of the technology. “We let a genie out of the bottle when we developed nuclear weapons,” he said Saturday. JPMorgan Chase, the world’s largest bank by market capitalization, is also exploring the potential of generative AI within its own ecosystem, Dimon said. Dozens of AI industry leaders, academics and even some celebrities have signed a statement warning of an “extinction” risk from AI. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the statement said.
Persons: New York CNN — Warren Buffett, Berkshire Hathaway, , Greg Abel, Buffett, , Abel, isn’t, Buffett Buffett, JPMorgan Chase, Jamie Dimon, Dimon, Jeffrey Sonnenfeld, Sonnenfeld, Doug McMillion, James Quincy, Sam Altman, Geoffrey Hinton Organizations: New, New York CNN, Berkshire, International Monetary Fund, Industries, Nvidia, Microsoft, scamming, JPMorgan, JPMorgan Chase, Software, Yale, Summit, CNN, Walmart, Xerox, Google Locations: New York, Omaha , Nebraska, Omaha, scamming
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin ETFs brought a 'tsunami of interest' into crypto, says Envestnet's Dana D'AurioDana D’Aurio, Envestnet Co-CIO and Tracie McMillion, Wells Fargo Head of Global Asset Allocation Strategy, joins 'Closing Bell Overtime' to talk the day's market action.
Persons: Envestnet's Dana D'Aurio Dana D’Aurio, Envestnet, Tracie McMillion Organizations: Wells, Global Locations: Wells Fargo
‘King Coal’ Review: Mining for Stories in Appalachia
  + stars: | 2023-08-11 | by ( Kyle Smith | ) www.wsj.com   time to read: 1 min
Gabby Wilson and Lanie Marsh in ‘King Coal’ Photo: Curren SheldonThere are fewer than 12,000 coal miners left in West Virginia, but the combination of the value, power and danger of the rock in question means the job retains a mythic quality. Filmmaker Elaine McMillion Sheldon , a native of the state, has done a breathtakingly expressive job of capturing the strangeness, the beauty and the devastation of her homeland in the poetic, entrancing documentary “King Coal.”
Persons: Gabby Wilson, Lanie Marsh, Curren Sheldon, Elaine McMillion Sheldon Organizations: Coal Locations: , West Virginia
“We have made history today,” Brando Benifei, a member of the European Parliament working on the EU AI Act, told journalists. Detailed summaries of the copyrighted data used to train these AI systems would also have to be published. AI systems with minimal or no risk, such as spam filters, fall largely outside of the rules. Fines under the AI Act serve as a “war cry from the legislators to say, ‘take this seriously’,” Muldoon said. The Act also requires EU member states to establish at least one regulatory “sandbox” to test AI systems before they are deployed.
Persons: ” Brando Benifei, ” Benifei, Brad Smith, Sam Altman —, Doug McMillion, James Quincy —, Racheal Muldoon, Maitland Chambers, Meta, ” Muldoon, Dragoș, , Muldoon Organizations: London CNN, European Union, EU, Lawmakers, of, Big Tech, Microsoft, Yale, Summit, Walmart, ” Systems, Facebook, Twitter, General Data, Office, AI, Companies, Google, IBM Locations: Brussels, EU, Europe, China, London
New York CNN Business —Many top business leaders are seriously worried that artificial intelligence could pose an existential threat to humanity in the not-too-distant future. Forty-two percent of CEOs surveyed at the Yale CEO Summit this week say AI has the potential to destroy humanity five to ten years from now, according to survey results shared exclusively with CNN. The business leaders displayed a sharp divide over just how dangerous AI is to civilization. While 34% of CEOs said AI could potentially destroy humanity in ten years and 8% said that could happen in five years, 58% said that could never happen and they are “not worried.”In a separate question, Yale found that 42% of the CEOs surveyed say the potential catastrophe of AI is overstated, while 58% say it is not overstated. The CEOs indicated AI will have the most transformative impact in three key industries: healthcare (48%), professional services/IT (35%) and media/digital (11%).
Persons: , , Jeffrey Sonnenfeld, Sonnenfeld, Doug McMillion, James Quincy, Yale, Sam Altman, Geoffrey Hinton, Hinton, “ I’m, ” Hinton, Jake Tapper, Robert Oppenheimer, ” Sonnenfeld Organizations: New York CNN Business, Yale, Summit, CNN, Sonnenfeld’s, Leadership Institute, Walmart, Xerox, Google, Microsoft
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wells Fargo's Tracie McMillion and Stifel's Barry BannisterTracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute, and Barry Bannister, chief equity strategist at Stifel, join 'Squawk on the Street' to discuss if McMillion is excited about equities right now, Bannister's thoughts on Tuesday's midterm elections and if equities will take their cue from the bond market.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou're looking at a choppy market for at least 12 months, says Stifel's Barry BannisterTracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute, and Barry Bannister, chief equity strategist at Stifel, join 'Squawk on the Street' to discuss if McMillion is excited about equities right now, Bannister's thoughts on Tuesday's midterm elections and if equities will take their cue from the bond market.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Citi's Scott Chronert and Wells Fargo's Tracie McMillionScott Chronert, Citi U.S. equity strategist, and Tracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute, join 'Squawk on the Street' to discuss how equities tend to behave following an inflationary year, what would make Chronert rethink his view of a recession and how McMillion is counseling investors right now.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur severe-recession projections need to be tweaked higher, says Citi's Scott ChronertScott Chronert, Citi U.S. equity strategist, and Tracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute, join 'Squawk on the Street' to discuss how equities tend to behave following an inflationary year, what would make Chronert rethink his view of a recession and how McMillion is counseling investors right now.
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