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Top fund manager Simon Lack shared 12 top stocks to buy while inflation remains hot. The news confirmed what Simon Lack, a 37-year market veteran who runs a leading inflation fund, has long suspected: that price growth will remain an issue for investors throughout 2023 — and possibly beyond. If high inflation is the new normal, the Fed will struggle to achieve its goal of stabilizing prices, Lack said — at least not without causing a recession. His Rational Inflation Growth Fund (IGOAX) finished in the top 4% of its category in 2022 after beating its index by 14 percentage points, according to Morningstar. By contrast, his fund goes on offense by owning stocks in sectors that benefit from high prices.
The oil and gas sector provided investors stellar returns in 2022 when the rest of the market failed to perform. The S & P Oil & Gas Exploration & Production Index was up 45% last year. Analysts and fund managers say several key factors may push up oil prices in the near future. Earthstone Energy Shares of Earthstone , a Texas-headquartered independent oil and gas company, are expected to go up by 85.8% by analysts over the next year. Meanwhile, the benchmark S & P Oil & Gas Exploration & Production Index has risen by 3% over the same period.
NHL roundup: Adrian Kempe, Kings pound Penguins
  + stars: | 2023-02-12 | by ( ) www.reuters.com   time to read: +10 min
Mika Zibanejad scored his 27th goal, Kaapo Kakko also found the net and Vincent Trocheck and Jimmy Vesey each added two assists. Carolina's Sebastian Aho saw his six-game goal streak end. Blues 6, Coyotes 5 (OT)Ryan O'Reilly scored the winning goal 1:02 into overtime to lift St. Louis past visiting Arizona. Scott Wedgewood made 28 saves in his first appearance since blanking the Los Angeles Kings 4-0 on Jan. 19. Jonatan Berggren scored two goals, Filip Hronek scored a goal, and Ben Chiarot had two assists for the Red Wings.
Twilio CEO Jeff Lawson scheduled a meeting with other top execs just before the Super Bowl. The meeting, and other developments, have stoked employee concern about a possible reorg and more layoffs. Twilio co-founder and CEO Jeff Lawson has an unusual meeting scheduled with other top executives of the tech company an hour or so before the Super Bowl starts on Sunday. The recently organized gathering has employees anticipating big changes, including a potential reorganization and maybe more layoffs. The employee said Twilio recently moved the results date back, although didn't know the reason.
Even the skeptics of the latest hype cycle recounted during the Town Hall numerous examples of how AI is already embedded in more efficient business processes. The arrival of ChatGPT and generative AI only a few years after the hype cycle over the metaverse has attracted both the AI bulls and bears as tech pursues its next big thing. Another executive who works with lawyers and accountants said the sentiment right now is that AI is not to replace lawyers, but "lawyers using AI are gonna replace lawyers." And what generative AI does, is really help you crunch, take your machine learning to, you know, the 'nth' level of the finite level. That may also place AI in the crosshairs of ESG investors, making sure that the ethics part is part of the mission of companies using it.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailForbes deal scrutiny shows how aggressive U.S. regulators are, says Semafor's HoffmanLiz Hoffman, Semafor business and finance editor, joins 'Squawk Box' to discuss the scrutiny behind the Forbes deal, how Washington thinks about foreign investors, and more.
He gave a lecture at Stanford in 2014 explaining what it takes to build a successful startup. Aspiring founders today still find his advice on things like coming up with great ideas relevant. The best ideas are often the ones that seem like bad ideasAltman also told aspiring founders that good startup ideas are often considered seem like bad ideas for a while. "Most die because they themselves fail to make something users love; they spend their time on other things." Once you've gained those users, Altman said, it's important to listen to them and learn everything you can about them.
ChatGPT is part of a growing field of AI known as generative AI. Funding for generative AI companies reached $1.37 billion in 2022 alone, according to Pitchbook. "Generative AI is very different. But generative AI still faces a number of challenges, including developing content that is inaccurate, biased or inappropriate. Watch the video to learn more about how generative AI like ChatGPT works and what the technology may mean for businesses and society as a whole.
NHL roundup: Hurricanes storm back, edge Kings in OT
  + stars: | 2023-02-01 | by ( ) www.reuters.com   time to read: +3 min
[1/3] FJan 31, 2023; Raleigh, North Carolina, USA; Carolina Hurricanes center Sebastian Aho (20) skates with the puck past Los Angeles Kings defenseman Mikey Anderson (44) during the first period at PNC Arena. The Hurricanes earned their sixth straight win while extending their point streak to nine games (8-0-1). The Kings appeared to take control in the second period; instead they wrapped up January with a 7-5-1 record. Anze Kopitar added a goal and two assists, Kevin Fiala also scored and Drew Doughty logged two assists. Johnny Gaudreau scored his 14th goal of the season for the Blue Jackets, who have lost four of their past five.
The end of superstar bankers: The changing face of Wall Street
  + stars: | 2023-02-01 | 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 EmailThe end of superstar bankers: The changing face of Wall StreetLiz Hoffman, Semafor business and finance editor, joins 'Squawk Box' to discuss why the era of the super star banker may be no longer, the changing economic landscape for bankers and more.
A show model Audi Formula 1 car on Aug. 26 2022 in Belgium after announcing its participation in the F1 Grand Prix of Belgium. Audi's entry into Formula 1 has moved a step closer after the German car manufacturer acquired a minority stake in Sauber. The purchase comes three months after Sauber confirmed they would become Audi's strategic partner when the German marque enters Formula 1 in 2026. On Jan. 14, Andreas Seidl replaced Vasseur as Sauber's chief executive after the latter joined Ferrari , and will oversee Audi's entry into F1. In a statement sent to Sky Sports, an Audi spokesperson said this is a "key milestone" for the German's F1 entry in 2026.
But to reach its ultimate destination - supermarket shelves - cultivated meat faces big obstacles, five executives told Reuters. California-based cultivated meat company GOOD Meat already has an application pending with the FDA, which has not been previously reported. Regulatory approval is just the first hurdle for making cultivated meat accessible to a broad swath of consumers, executives at UPSIDE, Mosa Meat, Believer Meats, and GOOD Meat told Reuters. But it will take hundreds of millions of dollars for GOOD Meat, for example, to build bioreactors of the size needed to make its meat at scale, Tetrick said. But cultivated meat companies have the advantage that they can claim their product is real meat, Tetrick said.
Five decades ago, Jim Ziglar witnessed the landmark Roe v. Wade decision take shape inside the Supreme Court chambers. Jim Ziglar, center left, clerked for Justice Harry Blackmun, center right, in 1972-1973, the session in which Blackmun wrote the landmark majority decision for Roe v. Wade. Blackmun, Frampton said, "really wanted to become an expert in the history of abortion and the history of abortion law." The Supreme Court clerks who served in the 1972-1973 session, in which the Roe v. Wade decision was handed down. Richard Hoffman and Rhesa Barksdale worked as clerks for Supreme Court Justice Byron White in the 1972-1973 session, in which White wrote the dissenting opinion in the landmark Roe v. Wade decision.
Four-day work week trials across the world have been successful for both employers and workers. But when it comes to the four-day work week, that's "an upper-class issue," Gennip said. "They're happy to do a 15-hour stretch, but they want an eight-hour break"Recent studies show that four-day work trials have been big successes. "We have Amazon workers who do four-day work weeks, but ten hours days, and they would prefer five eight-hour days." "Some people would rather have a five-day work week and have six weeks off," she said.
Some US workers aren't provided much vacation, while others are leaving unused days on the table. Including paid holidays as well as vacation days, the average American took over 20 days off between 1978 and 2000, but this has fallen to roughly 17 days in recent years. The fact that many vacation days are left unused is even more notable when one considers how few vacation days most Americans have to begin with when compared to the rest of the world. The US is the only country in the OECD, a group of 38 of the world's most developed nations, that does not require businesses to offer any paid vacation or paid holidays. For these people — many of whom are among the lowest-wage workers — choosing to not use all of their vacation days isn't even an option.
The World Economic Forum in Davos, Switzerland, included a panel on the four-day workweek. "We have had a static, for many countries, five-day week for about a century," Grant said Thursday at his panel discussion called "The Four-Day Week." While a four-day workweek seems like an obvious answer, there are some key factors to consider before making the change, they agreed. The four-day week "is very much a discussion for the upper class," van Gennip said. Flexibility through reorganizationWhether it be a four-day workweek or another method of schedule restructuring, a focus on both flexibility and productivity also benefits companies, van 't Noordende said.
NHL roundup: Connor McDavid leads streaking Oilers past Kraken
  + stars: | 2023-01-18 | by ( ) www.reuters.com   time to read: +6 min
[1/4] Jan 17, 2023; Edmonton, Alberta, CAN; Edmonton Oilers forward Connor McDavid (97) carries the puck up ice during the first period against the Seattle Kraken at Rogers Place. Mandatory Credit: Perry Nelson-USA TODAY SportsJanuary 18 - Connor McDavid scored his NHL-leading 38th goal of the season as the Edmonton Oilers defeated the visiting Seattle Kraken 5-2 on Tuesday night. Derek Ryan, Warren Foegele, Ryan McLeod and Zach Hyman also tallied for the Oilers, who extended their winning streak to four games. Kyle Connor scored for the Jets, who had a three-game win streak come to an end. Carter Verhaeghe, Anton Lundell and Josh Mahura also scored goals for Florida.
Investors at JetBlue Ventures, Mighty Capital, and other VC firms shared their favorite podcasts. Another recommendation is "Origins" by partners at the biotech VC firm Notation Capital. Here are 11 great options, recommended by VCs, founders, CEOs, and other industry insiders. "The main thing about the VC world is building relationships, and Harry is an example of a great networker," Gershfeld said. "BTC is the single-most important asset in the world, and that podcast gets to the heart of why that is."
Chan performed tricks for PayPal's 20th IPO anniversary last year, with Elon Musk also attending. Two decades later, I had the opportunity of a lifetime to perform magic tricks for my old company at PayPal's 20th IPO anniversary party in August. The invitation said it would be a "tricked-out PayPal reunion party" and I was very excited in the build-up. Daniel ChanMost of the PayPal founders, known as the "PayPal Mafia," were there, including Elon Musk, Peter Thiel, David Sacks, and Max Levchin. I fooled Elon Musk.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsider Microsoft's investment in OpenAI an M&A deal, says Semafor's Liz HoffmanSemafor's Liz Hoffman joins CNBC's 'Squawk Box' to discuss Microsoft's decision to put $10 billion into ChatGPT owner OpenAI and more.
But the latest artificial intelligence trend taking the industry by storm could spell trouble for Google-parent Alphabet 's profitability near term, according to Morgan Stanley. This emerging threat, known as ChatGPT, went viral when it debuted in November, amassing a million users within days of its launch. Nowak estimates that every 10% of Google searches that shift to artificial intelligence, or natural language queries, could increase costs by $6 billion in 2025 for the tech company. To be sure, Google could overcome the challenges posited by ChatGPT and surprise analysts by creating a more efficient tool. "This, to us, speaks to GOOGL's challenge and the profit disruption threat as it looks to continue to innovate/lead while also protecting/delivering FCF for investors through a weakening macro environment with slowing ad growth," Nowak wrote.
Microsoft is in talks to invest about $10 billion into OpenAI, the startup behind the ChatGPT chatbot, per Semafor. The investment would value OpenAI at $29 billion. Microsoft already invested $1 billion into OpenAI in 2019. The investment would value OpenAI at about $29 billion, Semafor's Liz Hoffman and Reed Albergotti reported. The Wall Street Journal reported last Thursday that OpenAI was in talks to sell existing shares of the company in a tender offer that would value the firm at $29 billion.
Packers' Walker apologises for shoving Lions' medical staffer
  + stars: | 2023-01-09 | by ( ) www.reuters.com   time to read: +2 min
[1/3] Jan 8, 2023; Green Bay, Wisconsin, USA; Green Bay Packers linebacker Quay Walker (7) heads to the sideline after being disqualified for an unsportsmanlike conduct penalty during the fourth quarter at Lambeau Field. Mandatory Credit: Mark Hoffman/Milwaukee Journal Sentinel via USA TODAY NETWORKJan 9 (Reuters) - Green Bay Packers rookie linebacker Quay Walker apologised on Monday after shoving a member of the Detroit Lions' medical staff, which led to his second ejection from an NFL game this season for unsportsmanlike conduct. Since then I've questioned myself on why did I do what I did when the trainer was doing his job!! "To the Detroit lions and to the entire training staff including the person I did that too. Walker was selected by the Packers in the first round of the 2022 NFL Draft and led the team in tackles this season.
But the market changed at the end of the year as Autonomy suddenly faced a perfect storm. CEO Scott Painter says he will do whatever it takes to save the business, including selling his own assets. It was not the New Years greeting employees of Autonomy, a Santa Monica-based startup offering electric vehicle subscriptions, were hoping to receive in their inboxes. Autonomy announced in August it was moving away from selling Teslas exclusively. Painter said the company would prioritize making payroll and keeping the business operational and added he would do whatever it takes to keep Autonomy operational.
NHL roundup: Blues' Jordan Kyrou nets first hat trick
  + stars: | 2022-12-20 | by ( ) www.reuters.com   time to read: +6 min
Jordan Binnington made 33 saves for the Blues, who have won the first three outings of a five-game road trip. It was the second consecutive game, and fifth on home ice this season, that the Canucks lost 5-1. Nic Dowd scored goals 11 seconds apart in the second period and had an assist on Orlov's game-winner. He remains at 800 career goals, one behind Red Wings legend Gordie Howe for second place on the all-time list. Jeff Skinner and Lawrence Pilut also scored goals for the Sabres, who won their fourth straight game and completed a sweep of a three-game Western road trip.
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