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☆ Undeterred by dollar's renewed strength, analysts see weakness ahead: Reuters poll
▼ + stars: | 2023-10-05 | by ( Hari Kishan | ) www.reuters.com time to read: +4 min

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. Adam Cole, the chief currency strategist at RBC, says he is biased toward a stronger dollar but admits the prevailing foreign exchange view in markets remains a tough nut to crack. "If you look at consensus forecasts, the consensus has been dollar negative for five years now and it hasn't worked," Cole said. One notable outlier among major central banks is the Bank of Japan, which has made the yen one of the worst-performing major currencies this year, down over 13%. (For other stories from the October Reuters foreign exchange poll:)Reporting by Hari Kishan; Polling by Prerana Bhat, Purujit Arun, Pranoy Menon and Anant Chandak; Editing by Ross Finley and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Rick Wilking, Adam Cole, hasn't, Cole, Jane Foley, Rabobank's Foley, Hari Kishan, Prerana Bhat, Purujit Arun, Pranoy Menon, Anant Chandak, Ross Finley, Paul Simao Organizations: REUTERS, Rights, greenback, Treasury, RBC, U.S, Futures, Bank of Japan, Rabobank, Reuters, Central Bank, Thomson Locations: Westminster , Colorado, U.S

☆ Warren Buffett has only topped Forbes' rich list once – while Bill Gates ranked first for 24 years straight
▼ + stars: | 2023-10-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Yet the famed investor has only topped Forbes' list of the wealthiest Americans once, in 1993. AdvertisementAdvertisementWarren Buffett has been a billionaire for nearly four decades – but only topped Forbes' annual list of the 400 richest Americans on one occasion, back in 1993. He has topped the Forbes list 25 times, including for 24 consecutive years between 1994 and 2017. Individuals worth less than $10 billion topped Forbes' rankings every year between 1982 and 1994. The leader was worth below $90 billion each year until 2018, when Bezos ranked first with a $160 billion fortune.

Persons: Warren Buffett, Buffett, Bill Gates, —, Forbes, Daniel Ludwig, Gordon Getty, Sam Walton, John Kluge, Jeff Bezos, Elon Musk, Gates, Larry Ellison, he's, outshone Buffett, –, Alice Schroder, Rick Wilking, Melinda French Gates, Bezos Organizations: Forbes, Service, Walmart, Microsoft, Amazon, SpaceX, Oracle, Berkshire Hathaway, Gates Locations: Berkshire, Omaha

☆ Amazon dominated the first cloud era. The AI boom has kicked off Cloud 2.0, and the company doesn't have a head start this time.
▼ + stars: | 2023-10-04 | by ( Alistair Barr | ) www.businessinsider.com time to read: +11 min

There's a new stack of hardware, software, tools, and services that will power AI applications for years to come. Cloud 2.0Another key point here: Most AI developers already know how to use CUDA and Nvidia GPUs. Arguably, Nvidia has already created an AI cloud platform – as AWS once did for the Cloud 1.0 era. James Hamilton is an AWS cloud infrastructure genius who can take on Nvidia, even if the chipmaker has a major head start. Her startup spent months building a data center from scratch to help customers train AI models.

Persons: —, Jensen Huang, Nvidia Rick Wilking, Andrew Ng, CUDA, Michael Douglas, Bernstein, Douglas, Luis Ceze, Ceze, It's, Andy Jassy, Adam Selipsky, James Hamilton, Oren Etzioni, Claude, Dario Amodei, Anthropic Anthropic, Noah Berger, Sharon Zhou, Zhou, Lamini didn't, Etzioni Organizations: Amazon Web Services, Nvidia, Service, Home Depot, AWS, VMware, Cloud, Madrona Venture, Amazon, Amazon Web, Annapurna Labs, Intel, AMD Locations: San Francisco, Seattle, Selipsky

☆ Anheuser-Busch says it has stopped cutting tails of Clydesdales
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

The Budweiser brewing company Clydesdale horses arrive for the second 2016 U.S. presidential debate at Washington University in St. Louis, Missouri, October 7, 2016. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsSept 20 (Reuters) - Brewer Anheuser-Busch said on Wednesday it has stopped cutting off the tails of Clydesdale horses used in publicity for its Budweiser brand of beer after People for the Ethical Treatment of Animals (PETA) launched a campaign against the practice. "The safety and well-being of our beloved Clydesdales is our top priority. The practice of equine tail docking was discontinued earlier this year," Anheuser-Busch, part of the Anheuser-Busch InBev (ABI.BR) global brewing giant, said in a statement. PETA launched its campaign against docking just before the big game last February.

Persons: Rick Wilking, Brewer Anheuser, Busch, Daniel Trotta, Edwina Gibbs Organizations: Budweiser, Clydesdale, Washington University, REUTERS, Animals, PETA, Anheuser, Busch, Busch InBev, American Veterinary Medical Association, Super, Thomson Locations: St, Louis , Missouri, Scotland

The groups argued that banks cannot properly respond to the proposal, which would require lenders to hold more cash to absorb losses, without that analysis. The Fed drafted the rules with the Federal Deposit Insurance Corp (FDIC) and Office of the Comptroller of the Currency (OCC). The "Basel Endgame" proposal implements international capital standards agreed by the Basel Committee on Banking Supervision in the aftermath of the 2007-2009 financial crisis. The U.S. central bank has estimated it will increase industry capital requirements by $170 billion. "These capital rules will have an impact on economic growth and that will affect large businesses and small businesses and their access to capital."

Persons: Rick Wilking, Goldman Sachs, Morgan Stanley, Banks, David Solomon, Jamie Dimon, Morgan Stanley's, Dan Simkowitz, Pete Schroeder, Saeed Azhar, Lananh Nguyen, Tatiana Bautzer, Michelle Price, Paul Simao, Deepa Babington Organizations: Deposit Insurance Corporation, REUTERS, Rights, Federal Reserve, JPMorgan Chase, Citigroup, APA, Fed, Federal Deposit Insurance Corp, Currency, OCC, Banking, Reuters, JPMorgan, FDIC, Republican, Financial, Bank Policy Institute, American Bankers Association, Financial Services, Institute of International Bankers, Securities Industry, Financial Markets Association, Chamber of Commerce, Thomson Locations: Westminster , Colorado, U.S, Washington

☆ Foot Locker plummets, drags down peers, on forecast cut, dividend pause
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +1 min

The Foot Locker store in Broomfield, Colorado is seen on November 17, 2016. The athletic-wear retailer also missed expectations for quarterly sales, said it would pause its dividend payouts and flagged softer demand in July, which is typically when back-to-school shopping starts. The shares of the company's larger rivals Nike (NKE.N), Dick's Sporting Goods (DKS.N) and Under Armour fell between 2% and 4% in premarket trade. Foot Locker's warnings kept the pressure on sportswear retailers after they tumbled on Tuesday when Dick's Sporting Goods also cut its full-year profit targets, slammed by hits to its margins from retail theft. Foot Locker also said its quarter was hit by inventory shrink, or retail theft, and steeper discounts.

Persons: Rick Wilking, Mary Dillon, Armour, Locker, Juveria Tabassum, Savio D'Souza Organizations: REUTERS, Nike, Dick's Sporting, Adidas, Puma, Dick's Sporting Goods, Thomson Locations: Broomfield , Colorado

☆ Warren Buffett donates $27 mln Berkshire stock
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo/File Photo/File Photo Acquire Licensing RightsAug 17 (Reuters) - Warren Buffett donated nearly $27 million of Berkshire Hathaway (BRKa.N) stock this week to an unnamed charity, the latest move in the billionaire investor's plan to give away his fortune. Berkshire disclosed Buffett's donation of 50 Class A shares in a Wednesday night filing with the U.S. Securities and Exchange Commission. Buffett still owns 218,237 Class A shares of Berkshire, for an approximately 15% stake in the Omaha, Nebraska-based conglomerate he has run since 1965. Berkshire owns several dozen businesses including the BNSF railroad, Geico car insurance and many energy, manufacturing and retail operations.

Persons: Warren Buffett, Rick Wilking, Berkshire Hathaway, Melinda Gates, Buffett, Jonathan Stempel, Diane Craft Organizations: Berkshire Hathaway Inc, Omaha , Nebraska U.S, REUTERS, U.S . Securities, Exchange Commission, Melinda Gates Foundation, Buffett, Forbes, Berkshire, Apple, Thomson Locations: Omaha , Nebraska, Berkshire, New York

☆ Dollar tentative as US inflation data looms
▼ + stars: | 2023-08-07 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

REUTERS/Rick Wilking/File PhotoSINGAPORE, Aug 7 (Reuters) - The dollar was on the back foot on Monday after a mixed U.S. jobs report provided little directional conviction and as market focus turned to inflation data from the world's two largest economies due this week. The U.S. economy added fewer jobs than expected in July, data on Friday showed, but it recorded solid wage gains and a decline in the unemployment rate. "There was a narrative in there for everyone, depending on your bias," said Pepperstone's Head of Research Chris Weston of the jobs report. U.S. inflation data is due on Thursday, where expectations are for core inflation to have risen 4.7% on an annual basis in July. Elsewhere, the Australian dollar edged 0.1% higher to $0.6577, while the New Zealand dollar gained 0.18% to $0.6109.

Persons: Rick Wilking, Chris Weston, Weston, Rae Wee, Jacqueline Wong Organizations: REUTERS, U.S, Sterling, New Zealand, Bank, Japan, Thomson Locations: Westminster , Colorado, SINGAPORE, U.S, Friday's, China, Asia

☆ Berkshire posts record operating profit, rising rates boost Buffett's returns
▼ + stars: | 2023-08-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +5 min

"The earnings impact of higher interest rates on investment income is offsetting the economic softness caused by those same rates," he added. Investors closely watch Berkshire because of Buffett's reputation, and because results from the Omaha, Nebraska-based company's operating units often mirror broader economic trends. NOT LOVING VALUATIONSQuarterly operating profit rose 7% to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier. Berkshire repurchased $1.4 billion of stock in the quarter, down from $4.4 billion from January to March. Overall profit from Berkshire Hathaway Energy, where Berkshire has a 92% stake, was little changed at $785 million.

Persons: Warren Buffett, Rick Wilking, Berkshire Hathaway, Jim Shanahan, Edward Jones, Buffett, Cathy Seifert, Seifert, PacifiCorp, Jonathan Stempel, Ira Iosebashvili, Angus MacSwan, Jan Harvey, Alistair Bell, Diane Craft Organizations: Berkshire Hathaway Inc, Omaha , Nebraska U.S, REUTERS, Berkshire, Berkshire's Clayton Homes, Profit, BNSF, Forbes, Berkshire repurchased, Apple, Berkshire Hathaway Energy, Occidental Petroleum, Thomson Locations: Omaha , Nebraska, Berkshire, Alleghany, Oregon, An Oregon, Occidental, New York

☆ Berkshire posts record operating profit, $35.9 billion of net income
▼ + stars: | 2023-08-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

Quarterly operating profit topped $10 billion for the first time but grew just 7%, in part from recent purchases of the Alleghany insurer and Pilot truck stop operator. Second-quarter operating profit rose to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier. Net income totaled $35.91 billion, or $24,775 per Class A share, compared with a year-earlier $43.62 billion loss. Pilot added $114 million to operating profit. Overall profit from Berkshire Hathaway Energy, in which Berkshire has a 92% stake, was little changed at $785 million.

Persons: Warren Buffett, Rick Wilking, Berkshire Hathaway, Cathy Seifert, Seifert, Buffett, PacifiCorp, Jonathan Stempel, Angus MacSwan, Jan Harvey, Alistair Bell Organizations: Berkshire Hathaway Inc, Omaha , Nebraska U.S, REUTERS, Berkshire, Clayton Homes, BNSF, Berkshire repurchased, Apple, Occidental Petroleum, Berkshire Hathaway Energy, Forbes, Thomson Locations: Omaha , Nebraska, Berkshire, Alleghany, Occidental, An Oregon, New York

☆ US money market funds draw biggest inflow in four months
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Rick Wilking/File PhotoAug 4 (Reuters) - U.S. money market funds saw robust demand in the seven days to Aug. 2 as investors favoured safer assets on concerns over a U.S. credit rating downgrade and economic reports signalling a still-tight labour market. Investors secured U.S. money market funds worth about $58.56 billion in their biggest weekly net buying since March 29, data from Refinitiv Lipper showed. Reuters Graphics Reuters GraphicsU.S. equity funds drew $133 million worth of inflows, compared with about $2.57 billion worth of net purchases a week ago. U.S. equity growth funds saw net outflows worth $3.48 billion, the biggest since June 7, but value funds had $891 million worth of net buying. Reuters Graphics Reuters GraphicsU.S. bond funds witnessed about $1 billion worth of outflows, the first weekly net selling since June 28.

Persons: Rick Wilking, Lipper, baring industrials, Gaurav Dogra, Shilpi Majumdar Organizations: REUTERS, Investors, Reuters Graphics Reuters Graphics, Reuters Graphics Reuters, Thomson Locations: Westminster , Colorado, U.S, Patturaja, Bengaluru

☆ Hedge fund investors hunt credit, equity portfolios
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +2 min

The bank's capital introduction team, which introduces hedge funds to money managers, interviewed in July 340 investors, with over $1 trillion invested in hedge funds. Credit hedge funds were up 2.9% between January and June. Second on the most-wanted list of global hedge fund strategies were equity long/short strategies, with a net 17% of investors planning to increase allocation. Equity long/short strategies were up 5.3% in the first half of the year, according to Goldman Sachs, underperforming the main stock indexes. A net 13% of investors planned to increase allocation, versus 27% in the first half of the year.

Persons: Rick Wilking, Goldman Sachs, Carolina Mandl, Frances Kerry Organizations: REUTERS, Carolina, Thomson Locations: Westminster , Colorado, New York

REUTERS/Rick Wilking/File PhotoAug 2 (Reuters) - Industrial equipment auctioneer RB Global Inc (RBA.TO) said on Wednesday it replaced its chief executive officer, Ann Fandozzi, who recently spearheaded a $7.3 billion acquisition, amid a dispute over equity compensation. The company, formerly called Ritchie Bros Auctioneers, said Jim Kessler, its former chief operating officer and president, has been named CEO. The company gave a second-quarter earnings preview, reporting that revenue jumped 128% to $1.1 billion and net income climbed 63% to $86.8 million. The company said Fandozzi asked the board to approve a program "out of step with market standards." "My focus has been on sustaining momentum while solidifying an all-equity, at-risk incentive program to align management with long-term performance and shareholder value," she said.

Persons: Richie Bros, Rick Wilking, Ann Fandozzi, Ritchie, Auctioneers, Jim Kessler, Eric Jacobs, Jacobs, Fandozzi, Glass Lewis, Kessler, Svea Herbst, Bayliss, Pratyush Thakur, Anil D'Silva, Sriraj Kalluvila, Leslie Adler Organizations: REUTERS, Global Inc, Investors, RB Global, New York Stock Exchange, Reuters, U.S, Services, Svea, Thomson Locations: Longmont , Colorado, U.S, Boston, Bengaluru

☆ Morning Bid: Triple-A headache
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +4 min

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. On Tuesday, Fitch became the second major agency, after Standard & Poor's in 2011, to strip the United States of its prized triple-A credit rating. Jefferies notes that, with two of the three major agencies listing U.S. debt at AA, U.S. bonds no longer count as AAA in some key indices. However, according to Jefferies, most investors have moved away from some of the stricter criteria around holding triple-A rated debt, given Germany is the only large issuer left with that rating. Chart shows that the U.S.'s long-term foreign currency rating was downgraded by Fitch to AA+ in 2023, following a similar move from S&P in 2011.

Persons: Rick Wilking, Amanda Cooper, Fitch, Jefferies, it's, Dupont Nemours, Kraft, Phillips, Ingersoll Rand, John Stonestreet Organizations: REUTERS, Standard, Capitol, Investors, Treasury, Moody's, Moody's Investors Service, U.S ., U.S, AA, AAA, CVS Health, Entergy, Kraft Heinz, Garmin, Brands, Bunge Ltd, Lincoln National, Occidental Petroleum, ETSY, Cognizant Technology Solutions, Atmos Energy, Equinix, Qualcomm, MGM Resorts, MetLife, Fitch, Reuters Graphics U.S, Thomson, Reuters Locations: Westminster , Colorado, U.S, United States, Aaa, Germany, Exelon, Albemarle, Occidental, Clorox

☆ Dollar teeters near one-year low; euro scales 17-month peak
▼ + stars: | 2023-07-18 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

FILE PHOTO: U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. “I think the dollar can stay under selling pressure,” said Carol Kong, a currency strategist at Commonwealth Bank of Australia. Money markets have largely priced in a 25-basis-point rate hike from the Fed at its policy meeting later this month, though see rates coming down as early as December. Conversely, investors expect the European Central Bank and the Bank of England to have further to go in their rate-hike cycle. Elsewhere, the Japanese yen rose marginally to 138.66 per dollar and remains more than 4% clear of a seven-month low it hit last month.

Persons: Rick Wilking, ”, Carol Kong, Ryota Abe, China’s, Khoon Goh Organizations: greenback, REUTERS, U.S, Federal Reserve, Commonwealth Bank of Australia, “, Fed, European Central Bank, Bank of England, Bank of Japan, SMBC, Reserve Bank of Australia’s, New Zealand, ANZ Locations: SINGAPORE, Westminster , Colorado, Asia

[1/2] U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. Markets are now focusing their attention on U.S. consumer prices data due out on Wednesday, which will provide more clarity on the progress the Fed has made in its fight against stubbornly high inflation. The pound has been rallying on a stronger economy and aggressive repricing of expectations for tighter BoE policy, according to Danske Bank FX analyst Kirstine Kundby-Nielsen. "There have been no signs of relief in the labour market data and markets continue to price in more. Given the rising inflation backdrop in Japan, the market is starting to become more wary that perhaps a policy tweak could come."

Persons: Rick Wilking, Shaun Osborne, Kirstine Kundby, That's, Kundby, Nielsen, Moh Siong Sim, Samuel Indyk, Rae Wee, Edmund Klamann, Alex Richardson, Chizu Organizations: REUTERS, Federal, Scotiabank . Markets, Sterling, Bank of England, Danske Bank, Nielsen, Swiss, greenback, Swiss National Bank, Singapore, Bank of Japan, New Zealand, Reserve Bank of New, Thomson Locations: Westminster , Colorado, U.S, Norwegian, Swedish, Swiss, Japan, Reserve Bank of New Zealand

U.S. interest rate expectations have been a key driver of the dollar since the Fed began its tightening cycle last year. A survey from the New York Federal Reserve on Monday showed waning near-term inflation expectations among Americans, who said last month they were expecting the weakest near-term inflation gains in just over two years. Sterling , meanwhile, hit a near 15-month high of $1.2913 after British wage growth hit a joint record high, heaping pressure on the Bank of England to tighten policy further to bring inflation under control. The pound has been rallying on a stronger economy and aggressive repricing of expectations for tighter BoE policy, according to Danske Bank FX analyst Kirstine Kundby-Nielsen. Elsewhere, the euro rose 0.1% to $1.1012, the Australian dollar steadied at $0.6680, while the New Zealand dollar fell 0.2% to $0.6198.

Persons: Rick Wilking, Shaun Osborne, Sterling, Kirstine Kundby, That's, Kundby, Nielsen, Moh Siong Sim, Samuel Indyk, Rae Wee, Shri Navaratnam, Edmund Klamann, Alex Richardson Organizations: REUTERS, Federal, Fed, Scotiabank . Markets, New York Federal Reserve, Bank of England, Danske Bank, Nielsen, Singapore, Bank of Japan, New Zealand, Thomson Locations: Westminster , Colorado, U.S, . U.S, Japan, China's

☆ A monster rally in just 3 stocks has caused short sellers to lose $30 billion so far this year
▼ + stars: | 2023-07-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The strong rally in stocks this year has sparked big losses for short sellers, according to S3 Partners. These are the three stocks that sparked $30 billion in losses for short sellers, according to S3. In total, short sellers have seen $122.1 billion in mark-to-market losses in the first six months of the year, and just three stocks drove a total loss of $30 billion. These are the top 10 stocks that have driven the biggest losses for short sellers so far this year, according to S3 Partners. TeslaTesla launched its insurance product in 2019 Getty ImagesTicker: TSLAShort seller losses: $13.0 billionYear-to-date performance: 126.5%

Persons: —, Ihor Dusaniwsky, Dusaniwsky, it's, Lisa Su Steve Marcus, Microsoft Justin Sullivan, Nvidia Jensen Huang, Las Vegas Rick Wilking, Tesla Tesla Organizations: S3 Partners, Service, Partners Research, Partners, Nasdaq, Reuters, Broadcom Reuters, Palo Alto, Microsoft, Apple Apple, Nvidia, CES Locations: Las Vegas

☆ These were the top 10 performing stocks in the S&P 500 in the first half of 2023
▼ + stars: | 2023-06-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks have surged in 2023, with the S&P 500 entering a new bull market after a difficult 2022. These were the top 10 performing S&P 500 stocks in the first half of 2023. Much of the gains have been driven by hype around artificial intelligence, but the top 10 performing stocks aren't only tech names. From home builder companies to cruise line operators, these were the top 10 performing S&P 500 stocks in the first half of 2023. Royal Caribbean CruisesThe Blaster, Royal Caribbean Cruise Ships Royal Caribbean PressTicker: RCLYear-to-date gain: 105.5%4.

Persons: —, Hussein Faleh, Jenn Austin, Lisa Su Steve Marcus, Tesla Tesla, Nvidia Jensen Huang, Rick Wilking Organizations: Service, Nasdaq, General Electric General Electric, GE, Cruise, Reuters, Palo Alto, Royal Caribbean Cruises, Royal Caribbean Cruise Ships Royal Caribbean Press, Carnival Corporation, Nvidia, CES Locations: Las Vegas , Nevada, U.S

☆ Retail investors are piling into these 10 stocks as a new bull market gets started
▼ + stars: | 2023-06-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Retail investors are returning to the stock market as a new bull market begins and sentiment improves. These are the top 10 stocks that have seen the heaviest buying pressure from retail investors over the past week. These are the top 10 stocks purchased by retail investors over the past week, according to Vanda Research. Advanced Micro DevicesAMD CEO Lisa Su Steve Marcus/ReutersTicker: AMDFive-day Net Retail Purchases: $203.5 millionYear-to-date performance: 92.7%3. Apple(Photo by Fernando Gutierrez-Juarez/picture alliance via Getty Images)Ticker: AAPLFive-day Net Retail Purchases: $385.9 millionYear-to-date performance: 39.8%1.

Persons: Vanda, —, Microsoft Justin Sullivan, Mario Tama, Lisa Su Steve Marcus, Nvidia Jensen Huang, Rick Wilking, Fernando Gutierrez, Tesla Tesla, Michael Macor Organizations: Vanda Research, Service, Palantir, Retail, Microsoft, Verizon, Reuters, Nvidia, CES, Apple, Getty, Bloomberg, San Francisco Locations: Los Angeles , California, Las Vegas , Nevada, U.S

☆ These are the 10 best performing AI stocks so far this year
▼ + stars: | 2023-05-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The rise of ChatGPT has sparked a frenzy for artificial intelligence stocks in 2023. A "jaw-dropping" earnings report from Nvidia was the latest catalyst to send AI stocks soaring. These are the 10 top-performing artificial intelligence stocks so far in 2023. These are the 10 best-performing artificial intelligence-related stocks so far this year, as of Tuesday afternoon. C3.aiSOPA Images / Getty ImagesTicker: AIMarket Value: $3.2 billionYear-to-date gain: 260.8%

Persons: ChatGPT, —, Alphabet's Bard, It's, Microsoft Satya Nadella, Sean Gallup, Sundar, Synopsys Smith, Lisa Su Steve Marcus, Nvidia Jensen Huang, Las Vegas Rick Wilking Organizations: Nvidia, Service, Companies, Cadence Design Systems, Taiwan Semiconductor, World Semiconductor, Publishing, Getty, Microsoft, Google, Broadcom Reuters, Cadence, Marvell Technology, Marvell Technologies Smith, AMD, Reuters, CES Locations: China, Las Vegas

☆ High-stakes game of keeping secrets on Wall Street
▼ + stars: | 2023-05-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Citadel Securities' trading strategies? Look no further than a recently filed lawsuit by Citadel Securities against two former employees, per Bloomberg. The suit, which you can read here, alleges the former employees were building a competing high-frequency trading firm while still employed and used trade secrets gained while at Citadel Securities. Portofino told Bloomberg that the Citadel Securities lawsuit was "corporate bullying" and that it would defend itself. On the one hand, trading firms invest a lot of money — check out some salary ranges here — in developing these strategies.

☆ The insurance limit on your savings has become a hot global debate
▼ + stars: | 2023-04-28 | by ( Julia Horowitz | ) edition.cnn.com time to read: +8 min

The US Federal Deposit Insurance Corporation insures deposits up to $250,000 per person, per account, using a fund that banks pay into. “I don’t think that’s served us well.”Some argue the US deposit insurance limit should be 100 times higher. What is deposit insurance? Deposit insurance is aimed at calming fears, giving customers less reason to pull their cash out in a hurry. The debate over deposit insurance taps into bigger questions about the state’s role in private enterprise.

☆ How Warren Buffett's Berkshire Hathaway can navigate the looming economic turmoil
▼ + stars: | 2023-04-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

First, let's check in with Warren Buffett. Warren Buffett REUTERS/Rick Wilking1. Few people would argue with you if you said Warren Buffett is the greatest investor of all time. Fewer still would challenge anyone who claimed Berkshire Hathaway was one of the most resilient companies of all time. Is there any other company or conglomerate better poised to navigate uncertainty than Berkshire Hathaway?

[1/3] Flowers decorate the fence around the First Baptist Church of Sutherland Springs where 26 people were killed a week earlier on Nov. 5, 2017, as the church opens to the public as a memorial to those killed, in Sutherland Springs, Texas, U.S. November 12, 2017. REUTERS/Rick Wilking/File PhotoCompanies The United States Department Of Justice FollowApril 5 (Reuters) - The U.S. Department of Justice reached a $144.5 million settlement with survivors and families of victims of the 2017 mass shooting at a Texas church that killed 26 people, for which a judge had found the Air Force primarily responsible. Wednesday's settlement with more than 75 plaintiffs requires approval by U.S. District Judge Xavier Rodriguez in San Antonio. It would end the government's appeal of Rodriguez's order that it pay approximately $230 million over the Nov. 5, 2017 massacre by former Air Force airman Devin Patrick Kelley at the First Baptist Church in Sutherland Springs, Texas. "No words or amount of money can diminish the immense tragedy of the mass shooting in Sutherland Springs," Associate Attorney General Vanita Gupta said in a statement.

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