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Read previewTennr, an A16z-backed startup using AI to replace faxes in healthcare, is raising a Series B round just seven months after its Series A. The startup is grabbing fresh cash from Lightspeed Venture Partners, according to two people with knowledge of the efforts. Those two people said Lightspeed preempted the fundraising efforts, approaching Tennr before the startup set out to raise more money. AI startups like Perplexity and Groq are reportedly tacking on more funding right now after closing big deals earlier this year. Some investors are taking the same approach with healthcare AI startups.
Persons: , Tennr, Andreessen Horowitz, clamor, Forbes Organizations: Service, Lightspeed Venture Partners, Lightspeed, Business, Menlo Ventures, A16z Locations: Tennr, A16z . New York
A study published in the Journal of Hospitality Marketing & Management in June found that describing a product as using AI lowers a customer’s intention to buy it. “Way before people even heard about AI, those movies shaped people’s perception of what robots that run by AI can do to humanity,” he said. …and a lack of transparencyAnother part of the equation influencing customers is the perceived risk around AI – particularly with how it handles users’ personal data. This lack of transparency is something that Gursoy warns has the potential to sour customers’ perceptions towards brands they may have already come to trust. “Rather than simply putting ’AI-powered’ or ’run by AI,’ telling people how this can help them will ease the consumer’s fears.”
Persons: , Dogan Gursoy, , ChatGPT, Gursoy, , Organizations: CNN, of Hospitality Marketing, Management, Taco Bell, Washington State University, , Google, Hollywood
To sort out my smartwatch health and fitness questions, I spoke with CNN wellness expert Dr. Leana Wen. A smartwatch with a heart rate monitor can help athletes track their heart rates to keep them in a certain range. Wen: What a lot of active people do is to track heart rate during exercise to keep the heart rate in a certain range. This is where the heart rate is under 70% to 75% of your maximal heart rate. Many smartwatches track sleep and can tell you how long you’ve slept and how much time you spent in each sleep stage.
Persons: CNN —, Leana Wen, Wen, I’ve, aren’t, it’s Organizations: CNN, Intelligence, George Washington University, Bluetooth, Apple Watch, Samsung Galaxy, US Food and Drug Administration, FDA Locations: what’s
The majority of people with checking accounts (73%) take advantage of the option, according to a 2023 Bankrate.com survey. But if regulatory costs go up for banks, free services like checking may go away, at least if they follow Chase’s lead. Marianne Lake, the head of Chase Bank, told the Wall Street Journal last week that Chase might stop offering free checking and other free banking services. “Consumer banking is predicated on banks providing services for free to consumers such as checking accounts, debit cards and electronic bill paying. Or, if those costs do rise, maybe some banks might decide for various reasons not to eliminate free checking.
Persons: Marianne Lake, Chase, Jaret, , Adam Rust, Rust, Bankrate, , ” Rust Organizations: New, New York CNN, Chase Bank, Wall, Consumer, TD Securities, Consumer Financial Protection, Federal Reserve, Consumer Federation of America, Fed Locations: New York
Keir Starmer, Britain’s newest leader, wants to force lawmakers in the country’s upper chamber to step down at the same age. Does this mean he thinks octogenarians like President Joe Biden should step back from politics? Starmer said the talks were “a really good opportunity” for him to “speak to the president about the special relationship” between their two countries. He said Biden “deserves credit” for presiding over a summit that Ukrainian President Volodymyr Zelensky has called a success. “I took over the Labour Party four and a half years ago.
Persons: Winston Churchill, Keir Starmer, Joe Biden, ” Starmer, CNN’s Jake Tapper, Starmer, King Charles III, Biden, , Tapper, , Biden “, Volodymyr Zelensky, Putin, Kamala Harris “, Trump ”, We’ve, Emmanuel Macron, David Lammy, Lammy, Donald Trump –, CNN Tacking, Britain’s, Jeremy Corbyn, We’d, ’ ” Starmer, , we’ve, ’ ” Organizations: CNN, it’s, NATO, Conservative Party, Labour, Trump, BBC, Labour Party, Conservative, European Union Locations: America, Washington, United Kingdom, Ukraine, Russia, Britain, NATO
Read previewA historic surge of corporate bankruptcies is hitting Wall Street, with this year's volume of filings already above levels seen in the past 13 years, S&P Global Intelligence reported. When, earlier this year, hope was much stronger for a quick and significant reduction to interest rates, bankruptcies remained more subdued, S&P previously noted. AdvertisementYet, deteriorating consumer spending is also grinding down on corporate prospects. AdvertisementAmong notable June bankruptcies tracked by S&P Global, were the electric vehicle maker Fisker, as well as Redbox DVD rental operator Chicken Soup for the Soul Entertainment. That's followed by healthcare and industrials, S&P Global reported.
Persons: , Tacking, Mark Zandi, Zandi, That's Organizations: Service, P Global Intelligence, Business, Global, Federal Reserve, CNBC, Fed, Nike, Walgreens, P Global, Soul Entertainment
When, earlier this year, hope was much stronger for a quick and significant reduction to interest rates, bankruptcies remained more subdued, S&P previously noted. As the Federal Reserve has held interest rates at the 5.25%-5.50% level for nearly a year now, some analysts have called the central bank out for risking unnecessary damage to the economy. AdvertisementYet, deteriorating consumer spending is also grinding down on corporate prospects. AdvertisementAmong notable June bankruptcies tracked by S&P Global, were the electric vehicle maker Fisker, as well as Redbox DVD rental operator Chicken Soup for the Soul Entertainment. That's followed by healthcare and industrials, S&P Global reported.
Persons: , Tacking, Mark Zandi, Zandi, That's Organizations: Service, P Global Intelligence, Business, Global, Federal Reserve, CNBC, Fed, Nike, Walgreens, P Global, Soul Entertainment
Some venues have already sold out of original tickets, but verified resellers, including StubHub and Vivid Seats, have many tickets available. Here's what fans need to know about how to buy Alan Jackson concert tour tickets. How to buy tickets for Alan Jackson 2024 concert tourWith ticket sales beginning on June 7, Alan Jackson's Last Call tour still has original tickets remaining for multiple locations. How much are Alan Jackson tickets? With the singer's neurological condition causing a gap in the Last Call Tour dates, it is unknown whether Jackson will announce further dates and locations.
Persons: Alan Jackson, Charcot, Marie, Jackson, We've, Alan Jackson's, StubHub, tacking Organizations: Business, CMT, UT, TicketMaster, CMT Research Foundation Locations: Boston, Rapids, MI, Fayetteville, Kansas City, Salt Lake City, Oklahoma, Fort Worth , TX, Orlando, Tampa, Milwaukee, Fort Worth , Texas
You can reduce your home sale profit by adding often-forgotten costs and fees to your basis, which minimizes your capital gains tax liability. For example, you can start by tacking on fees and closing costs from the purchase and sale of the home, according to the IRS. The average closing cost nationwide is $4,243, according to a report from Assurance, but fees vary widely. That includes your real estate commissions and closing costs. The 'best way' to reduce capital gains taxesYou can further increase your home's basis by tacking on the cost of eligible upgrades, experts say.
Persons: Thomas Scanlon, Raymond James, Scanlon, tacking, Paul Fenner Organizations: Westend61, tacking, Tamma Locations: Manchester , Connecticut, New York, California, Commerce Township , Michigan
Some are practicing something called "AI washing," which Securities and Exchange Commission chair Gary Gensler explained in a video includes "false claims to investors by those purporting to use those new technologies." In reality, what AI washing leads to is a breakdown of confidence between vendors and their consumers, enterprise partners and investors. Bates says so-called button-pushing applications are AI washing, too. "These prompts that are being sold as AI companies, they have to be maintained and monitored and adjusted in order to work." Stewart says even 80–90% gross profitability for a fully AI company with limited human intervention is standard.
Persons: they're, Gary Gensler, It's, it's, Michael Stewart, Timothy Bates, Bates, Toby Coulthard, Coulthard, Microsoft's, Stewart Organizations: Securities, Exchange, SEC, Inc, University of Michigan, Flint College of Innovation & Technology, Lenovo, General Motors
Spending more to save more is an all-too common pitfall. But spending to save can lead to excessive buying habits and high-interest credit card debt if you aren't careful, according to consumer savings expert Andrea Woroch. ″'Spaving is us justifying our desire to buy more," said Brad Klontz, a Boulder, Colorado-based psychologist and certified financial planner. Yet, even as inflation and high interest rates squeeze budgets, consumers continue to fall for these financial traps. "We are just constantly spending more than we can afford and then we experience stress related to our financial health," Klontz said.
Persons: Andrea Woroch, Brad Klontz, Klontz, spaving Organizations: Finance, YMW Advisors, CNBC's Locations: Boulder , Colorado
Called Retro Biosciences, the startup's goal is simple yet supremely ambitious: Add 10 healthy, enjoyable years onto the back end of our lifetimes. But Retro Biosciences actually fits quite neatly into Altman's futuristic worldview. Retro BiosciencesRetro Biosciences sits about 30 miles south of OpenAI's San Francisco headquarters, where ChatGPT was hatched. Joe Betts-LaCroix is the CEO of Retro Biosciences. There are things we already know work super well to improve human longevity, like exercise, diet, faith, and social support.
Persons: Sam Altman, he's, Elon Musk, Mark Zuckerberg, Altman, Instacart —, Joe Betts, LaCroix, isn't, Betts, Retro's, spry, Yamanaka, Shinya Yamanaka, it's, they've, Sora, Thiel, Jeff Bezos, Bezos, Yuri Milner, Billionaire Peter Thiel, He's, Aubrey de Grey, Christian Angermayer, biogerontologist Daniel Promislow, Altman's, Matt Buckley Organizations: Business, OpenAI, Biosciences, Harvard, MIT, Caltech, Extension, Apple, Stanford University, Retro, Bezos, Labs, Billionaire, Cambrian, Retro Biosciences, Bloomberg Locations: geroscience, Silicon Valley, OpenAI's San Francisco, Meta, Golden City, Retro.bio, Redwood City , California, San Diego
A Trump reelection in November poses the biggest looming risk to the world economy, Nouriel Roubini warned. A second Trump presidency could end up making inflation and the national debt problem even worse, Roubini said. AdvertisementTrump being reelected might be the biggest looming threat to the global economy, according to "Dr. Doom" economist Nouriel Roubini. Advertisement"With private and public debts high and rising, that would introduce the specter of a financial crisis," Roubini warned. In 2022, he warned markets of a coming stagflationary-debt crisis, which could spark a painful recession and 30% plunge in stocks.
Persons: Nouriel Roubini, Trump, Roubini, , Doom, Trump's, Powell Organizations: Trump, Service, Project Syndicate, Commerce, Bank of America, Bloomberg Locations: Ukraine, Gaza, China
The retail giant announced last week that it plans to buy smart TV maker Vizio in a $2.3 billion deal. Here's a closer look at the major reasons Walmart wants to buy Vizio . Walmart can capitalize on Vizio's reachWhen shoppers think of Vizio, they likely envision store aisles filled with giant TVs. Walmart's in-house TV brand, Onn, currently has a licensing deal with smart TV competitor Roku . Plus, Walmart sees how much money its competitor, Amazon , makes from advertising — and wants to run the same play.
Persons: Joe Raedle, It's, Corey Tarlowe, Dan Day, Jefferies, Tarlowe, SmartCast, Kirby Grines, Vizio, Grines, Michael Morton, you've, That's, Morton Organizations: Walmart, Getty, Jefferies, Netflix, Hulu, Amazon, Riley Securities, Roku Locations: Hallandale Beach , Florida, Irvine , California, MoffettNathanson
NVDA 5Y mountain Nvidia 5 years The Nvidia phenomenon is something for all investors to take note of and study. The first question we got on the call was in relation to the sustainability of the Data Center sales momentum. Generative AI isn't possible in a data center built for traditional general-purpose computing. In fact, Nvidia believes AI inferencing was responsible for about 40% of Data Center sales over the past year. This is why Nvidia was designated by Jim Cramer and the Club as an "own it, don't trade it" stock.
Persons: Jensen Huang, it's Nvidia's, Thursday's, we've, Colette Kress, we're, Nvidia's Huang, Huang, inferencing, It's, Jim Cramer, Apple's, Jim Cramer's, Jim, Ann Wang Organizations: Nvidia, Revenue, U.S, Data, Microsoft, Moore's Law, world's, Management, Software, Enterprise, Club, Apple, CNBC Locations: tacking, China, Taipei, Taiwan
Following last week's $120-per-share price target hike to $750 on strong earnings, we're raising our PT again Thursday to $850. Even at our new $850 price target, Lilly shares still represent a lower PEG than we've seen historically but that provides some margin of safety. Costco price target hike to $770 from $680 Costco also trades at a premium valuation, but we think it's warranted due to the company's reliability and consistency. Salesforce price target hike to $320 from $275 Salesforce is a Club name we recently highlighted in our 10 undervalued stocks commentary . Palo Alto Networks price target change pending Lastly, we are aware that our price target on Palo Alto Networks requires an update as well.
Persons: It's, Eli Lilly, Lilly, Salesforce, , There's, Jim Cramer's, Jim Cramer, Jim, Robert Nickelsberg Organizations: Wall, PT, Novo Nordisk, Costco, Microsoft, Broadcom, UBS, VMware, JPMorgan, Palo Alto, Palo Alto Networks, Palo, CNBC, Getty Locations: GLP, AVGO, Palo Alto, Palo, New York City
Opinion | We Need a New Word for ‘Plagiarism’
  + stars: | 2024-01-23 | by ( John Mcwhorter | ) www.nytimes.com   time to read: +2 min
They are boilerplate statements in books or academic papers whose reuse is only uncovered through the use of high-tech language searches. I, for one, would be quite OK with someone else lifting boilerplate statements from my work. In an alternative universe in which we had two words for “plagiarism,” that entire discussion could have been clearer and more efficient. There is no reason the new term has to be a formal one derived from Latin like “plagiarism” — or “duplicative language” for that matter. Perhaps we already have the term: “cutting and pasting” — as distinct from, rather than a form of, plagiarism.
Persons: Gay, Oxman, It’s, plagiarize,
We don't know what we want. The rails are too significant to ignore even as the bond market seems to rely, I would say, wrongly, on the broader data. I think it's a factor of big money flows that aren't sensitive to what moves rates and don't mind being wrong. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Tesla, ServiceNow, Bill McDermott, Russell, , Abbott, Gamble, Jon Moeller, Heels, what's, hasn't, Steve Jobs, Ray, Kimberly, Clark, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Union Pacific, CSX, Norfolk Southern, Federal Reserve, Silicon Valley Bank, Microsoft, Nvidia tacking, Google, Apple, Nvidia, JPMorgan Healthcare Conference, Abbott Laboratories, Investing, JPMorgan, Novartis, Walgreens Boots Alliance, Procter, Super, YouTube, Netflix, Vision, Pro, Jim Cramer's Charitable, CNBC, NYSE Locations: U.S, Silicon, San Francisco, Amgen, China
How the Red Sea crisis could clobber the global economy
  + stars: | 2024-01-10 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +9 min
The Suez Canal accounts for 10-15% of world trade, which includes oil exports, and for 30% of global container shipping volumes. Maersk CEO Vincent Clerc told the Financial Times Thursday that re-establishing safe passage through the Red Sea could take “months.” “It could potentially have quite significant consequences on global (economic) growth,” he added. Ikea has warned of shipment delays and potential shortages of certain products due to disruption in the Red Sea. Some ocean carriers that ordinarily transit through the Panama Canal had rerouted to the Suez Canal before the attacks in the Red Sea escalated, according to logistics company C.H. Matthew Burgess, vice-president of global ocean services at the firm, said global shipping capacity would be constrained for a while yet.
Persons: Joe Biden, Vincent Clerc, Germany’s, Mohamed, El Erian, ” Simon MacAdam, Lily Millard, Ben May, Good Hope, , ” It’s, Abercrombie &, Nathan Howard, , ” Philip Damas, , Judah Levine, Levine, Eric Thayer, Carolina Klint, Marsh McLennan, Robinson, Matthew Burgess, we’ve, Gene Seroka, Burgess, C.H Organizations: London CNN, British, Energy, World Bank, Maersk, MSC, Lloyd, CMA CGM, Financial Times, Global, Germany’s Kiel Institute, Allianz, Bank, Capital Economics, Oxford Economics, European Automobile Manufacturers ’ Association, Ikea, CNN, Abercrombie, Abercrombie & Fitch, Bloomberg, Getty, Drewry Supply Chain Advisors, Marsh, United, Port Locations: Iran, Crocs, Suez, Yemen, Gaza, Germany, Brent, Gulf, Oman, South Africa, Germany’s Kiel, Red, Israel, Good, Europe, , China, Asia, Los Angeles, United States, Panama, Rotterdam, of Los Angeles, of New York, New Jersey
Shipping can be rerouted away from the Red Sea, but crude would be essentially trapped if the strait is shut down, Struyven said. A prolonged disruption in the strait could eventually double oil prices, he said. McNally thinks the market should be factoring in a $12 geopolitical risk premium in oil prices right now. Wirth told CNBC's Sullivan that Chevron is currently working with the U.S. Navy to protect its vessels transiting the Red Sea. "Hopefully, if it doesn't escalate further, we'll be OK — even if there has to be a wholesale diversion of shipments around the Red Sea," Granholm said.
Persons: you've, Daan Struyven, Goldman Sachs, CNBC's Brian Sullivan, Struyven, Bob McNally, McNally, Bush, Antony Blinken, Daniel Yergin, Yergin, Michael Wirth, Tehran's, Wirth, CNBC's Sullivan, Joe Biden's, Jennifer Granholm, Granholm, Israel, Benny Gantz, Gantz, Biden's, Bob Yawger, Yawger, Brent Organizations: Shipping, Rapidan Energy Group, National Security Council, P Global, Brent, Chevron, U.S . Navy, NBC News . Energy, Mizuho, Energy Information Agency, Gulf Locations: Red, Iran, Hormuz, Persian, Israel, Strait, Yemen, Danish, U.S, Lebanon, Beirut, Lebanese, Islamic Republic, The U.S, Europe, South Africa, United States, East
That's tough to write, even as a 31-year-old who's never wanted kids, without tacking on a "right now" at the end. I don't take the decision of whether to bring a new life into this world lightly. My partner and I have health insurance through our employers, but we've been between coverage before. Plus, there can be up to a three-month delay for health insurance to kick in when you start a new job. Now factor in prenatal care, postnatal care, diapers, and — even worse, I'm told — formula, as well as day care and education.
Persons: , who's, I've, wasn't, neurodiversity, I'm, we've, That's Organizations: Service, Business Locations: Oregon, Iceland
President Joe Biden earlier this year said his administration would crack down on hidden fees. WaPo examined federal lobbying files and hundreds of filings that were sent to federal agencies. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrom a dizzying array of airline fees to add-ons tacked on to concert ticket prices, Americans are fed up with hidden fees. AdvertisementThe Post analyzed federal lobbying files and filings sent to federal agencies as the administration pushes to save US consumers from collectively spending billions of dollars in fees each year.
Persons: Joe Biden, WaPo, , Biden, Doug Mullen, Dan Wall Organizations: Service, The Washington, Travelers, American Airlines, Delta Air Lines, United Airlines, Department of Transportation, Airlines for, Airlines, America, Live, Post Locations: Airlines for America
Prime Minister Rishi Sunak’s dramatic shake-up of his cabinet on Monday was a bold gamble that tacking to the center will give him a lift in the polls that his lurch to the populist right this summer failed to accomplish. But as Britain’s political establishment digested the news — the return of a more centrist former prime minister, David Cameron, and the ouster of a hard edged home secretary, Suella Braverman, who lashed out at Mr. Sunak on Tuesday — analysts said the prime minister’s pivot smacked of a politician casting about for an identity. Far from a winning electoral formula, some predict that the reshuffle could fracture the coalition that delivered a landslide victory for the Conservative Party in 2019. By trying to shore up the party’s traditional heartland in the south of England, they said, Mr. Sunak risked alienating the working-class voters in the “red wall,” who once flocked to the Tory slogan, “Get Brexit done.”“It doesn’t make any more sense than most of Sunak’s moves since the summer,” said Timothy Bale, a professor of politics at Queen Mary University of London. “And it’s unlikely to make a blind bit of difference to his chances of turning things around before the general election.”
Persons: Rishi, David Cameron, Suella Braverman, Sunak, , , Timothy Bale Organizations: Conservative Party, Queen Mary University of London Locations: England
Reuters GraphicsTIPPING THE SCALESThe shift to low-fee products helped BlackRock’s assets under management swell to more than $9 trillion at the end of September. BlackRock’s history with Blackstone means a reunion with Stephen Schwarzman’s $110 billion firm is a persistent Wall Street rumor. BlackRock’s funds operate under a single name, so uniting with Carlyle (CG.O) or Apollo Global Management (APO.N) would pose a branding challenge. Fink might covet MSCI (MSCI.N), the $38 billion firm which aggregates many of the benchmarks tracked by BlackRock’s ETFs. Given Fink’s long record of pulling off opportunistic and transformational deals, it would be foolish to bet against him springing one last surprise.
Persons: Larry Fink, Fink, Merrill, Rowe Price, Janus Henderson, Blackstone, Stephen Schwarzman’s, Carlyle, covet, MSCI, Michael Bloomberg, doesn’t, LSEG –, Peter Thal Larsen, Thomas Shum, Streisand Neto Organizations: CNBC, New York Stock Exchange, Reuters, BlackRock, Blackstone, Barclays Global Investors, Credit Suisse, UBS, nab, Graphics, Apollo Global Management, London Stock Exchange, Thomson Reuters, New, Bloomberg, Wall Street, New York Times, LSEG – Bloomberg, Thomson Locations: New York City, U.S, BlackRock, Boston, Swiss, New York, United States
U.S. Federal Reserve Chair Jerome Powell holds a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, D.C., on Sept. 20, 2023. The top monetary policymaker will speak at noon ET to the Economic Club of New York at a critical time for the U.S. economy. Inflation numbers have been improving lately, but Treasury yields have been surging, sending conflicting messages about where monetary policy might be headed. Markets largely expect the Fed to stay on hold with rates, but they will be looking to Powell for confirmation and clarification on how officials view both current conditions and longer-term trends. "Really, their ultimate goal is to keep financial conditions tight so inflation comes down," he said.
Persons: Jerome Powell, Powell, Luke Tilley, Tilley Organizations: Federal, Federal Reserve, Washington , D.C, Economic, of New, Wilmington Trust Locations: Washington ,, of New York, U.S, Wilmington
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