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☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, CVS, Oracle, Walmart, Meta, Disney and more
▼ + stars: | 2023-09-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest analyst calls: Bank of America reiterates Nvidia as buy The bank is feeling even more bullish on the stock after meeting with Nvidia management at the Bank of America Global AI Conference. Monness Crespi Hardt downgrades Oracle to neutral from buy Monness downgraded Oracle after its earnings report Monday, mainly on valuation. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said its latest survey checks show Walmart+ continues to gain traction with consumers. Bank of America upgrades Cintas to buy from neutral Bank of America said the uniform company is "best in breed." Bank of America reiterates Disney as buy Bank of America is bullish on Disney's carriage agreement with cable company Charter.

Persons: NVDA, Monness Crespi Hardt downgrades, Tesla, Morgan Stanley, Wolfe, Berenberg, TD Cowen, Cowen, Mizuho, Coinbase, Riley, Guess, GES, Bernstein, Goldman Sachs, Exxon Organizations: Bank of America, Nvidia, Bank of America Global AI, Monness Crespi Hardt downgrades Oracle, Oracle, RBC, Tesla, Walmart, CVS, Retail, Endeavor, of America, Citi, BRP Inc, Canadian ATV, BRP, Disney, Barclays, U.S, BMO, Adobe Locations: Coinbase, Canadian

☆ Stocks making the biggest moves midday: HP, Box, Brown-Forman, Insulet and more
▼ + stars: | 2023-08-30 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

HP — HP dropped 6.6% in midday trading after reporting a fiscal third-quarter revenue miss. Late Tuesday, the PC maker reported quarterly revenue of $13.20 billion, lower than the $13.37 billion estimated by analysts polled by Refinitiv. Otherwise, its third-quarter adjusted earnings of 86 cents per share came in line with estimates. Box anticipates third-quarter earnings of 37 cents to 38 cents per share, while analysts polled by FactSet called for 39 cents per share. Brown-Forman posted 48 cents in earnings per share on $1.04 billion in revenue.

Persons: Refinitiv, FactSet, Ambarella, Calvin Klein, Brown, Forman —, Jack, Forman, James Hollingshead, Wells, Apple, it's, Wells Fargo, Sunrun, —, Samantha Subin, Hakyung Kim, Sarah Min, Yun Li, Michelle Fox, Jesse Pound Organizations: HP, Revenue, Fluence Energy, Barclays, Spotify, Big Tech, Citi, Rockwell Automation, Netflix, Technology, HSBC Locations: Germany, U.S, Wells Fargo

☆ China's Li Auto aims to outsell BMW, Mercedes, Audi in its home market in 2024
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

People stand near the logo of Chinese electric vehicle (EV) maker Li Auto at a product launch event in Beijing, China May 25, 2021. REUTERS/Yilei Sun/File PhotoSHANGHAI, Aug 9 (Reuters) - Li Auto (2015.HK) said it aimed to outsell BMW (BMWG.DE), Mercedes-Benz (MBGn.DE) and Audi in China in 2024 as the up and coming Chinese automaker accelerates rollouts of new models and ramps up production. The company will launch four new models next year including three EVs, he said. But Li Auto managed to gain market share in the segment of cars priced above 300,000 yuan and grow profits this year with four extended-range hybrid vehicles targeting family users. ($1 = 7.2134 Chinese yuan renminbi)Reporting by Zhang Yan, Brenda Goh; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Li, Li Auto, Li Xiang, Tesla, Zhang Yan, Brenda Goh, Simon Cameron, Moore Organizations: REUTERS, Yilei, HK, BMW, Mercedes, Benz, Audi, Li Auto, China Association of Automobile Manufacturers, Thomson Locations: Beijing, China

☆ Cold drinks are hotter than ever at Starbucks
▼ + stars: | 2023-08-01 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Cold beverages continue to be a fan favorite at Starbucks. Cold foam is the fastest growing add-on at Starbucks. But today, cold drinks are hotter than ever at that coffeehouse chain. Cold drinks accounted for 75% of beverage sales in the company's third quarter. Cold foam, in fact, is the fastest-growing add-on at Starbucks, he said.

Persons: We're, Laxman Narasimhan, Rachel Ruggeri, rollouts, Narasimhan, Ruggeri, That's Organizations: Starbucks . Food, Service, Starbucks Locations: Wall, Silicon, America

☆ DeSantis campaign urges patience for breakout moment with eye toward first debate
▼ + stars: | 2023-07-14 | by ( Steve Contorno | ) edition.cnn.com time to read: +11 min

CNN —Facing a long summer of running from behind former President Donald Trump, Florida Gov. Ron DeSantis is for now resisting calls to dramatically change course in his presidential campaign, instead targeting the first debate in late August as his opportunity to alter the trajectory of the race. DeSantis’ campaign has already surpassed the donor threshold requirement of 40,000 unique donors and appears on track to meet the polling threshold as well. DeSantis’ political team expects his activity in the coming weeks may look subdued compared to other candidates who may need an attention-grabbing moment to attract donors and support to meet the debate requirements. “People want to support Ron but don’t like this kind of stupid stuff,” the fundraiser told CNN.

Persons: Donald Trump, Ron DeSantis, doesn’t, Trump, it’s, DeSantis, “, Fox’s Maria Bartiromo, Privately, Chris Christie, “ That’s, ”, Erick Erickson, Erickson, Steve Cortes, I’ll, ” Cortes, ” DeSantis, Phillip Huffines, Biden, ” Huffines, he’s, ” Erickson, Jeff Angelo, ” Angelo, Casey, DeSantis ”, Joe Biden, Caitlyn Jenner, Tomi Lahren, Ron Organizations: CNN, Florida Gov, GOP, Trump, New, New Jersey Gov, Summit, PAC, Republicans, Biden, Republican, Twitter, Miss, “ Locations: Florida, South Florida, New Jersey, Iowa, Trump . Iowa, New Hampshire, Texas, Dallas, Ohio, Wisconsin

☆ Chinese automakers to take majority of home market for first time - forecast
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +3 min

It would represent the first time Chinese automakers have controlled a majority share of China's car market - the world's largest. For the past four decades, China's auto market has been dominated by established global brands such as VW and Toyota operating in joint ventures with Chinese partners. AlixPartners forecast China's overall auto sales would grow 3% this year to 24.9 million vehicles, recovering to the level of sales before COVID-19. Dyer forecast annual sales of Chinese-branded cars in overseas markets would grow to 9 million vehicles by 2030. China's market also faces massive overcapacity, and Dyer forecast a wave of consolidation.

Persons: Jason Lee, AlixPartners, Tesla, Stephen Dyer, Dyer, haven't, Zhang Yan, Kevin Krolicki, Devika Organizations: REUTERS, VW, Toyota, HK, Xpeng Motors, Thomson Locations: Beijing, China, Japan, U.S, Asia, Europe, South America, South East Asia, South Asia, Shanghai, Singapore

☆ Opinion: DeSantis is trying to climb the Trump wall
▼ + stars: | 2023-06-28 | by ( Opinion Patrick T. Brown | ) edition.cnn.com time to read: +7 min

The DeSantis plan, rolled out at a press conference at the Texas border Monday, lays out steps that should satisfy most Republican border hawks. His immigration plan showcases a candidate interested in effective policymaking beyond pure sloganeering, even if some major questions surround a few key details. The former President noted the similarities — “His plan is my plan,” Trump told Semafor and ABC News on Tuesday. Then, there are the ideas in DeSantis’ plan that have a harder time standing up to scrutiny. Similarly, cutting federal funding to non-governmental organizations that provide aid to those who cross the southern border would be less effective than it sounds.

Persons: Patrick T, Brown, Ron DeSantis, Donald Trump, DeSantis, ” Trump, Semafor, “, ”, —, Trump, parry, isn’t, doesn’t Organizations: Public Policy Center, Economic, Twitter, CNN, Florida Gov, Trump, Republican, Sunshine State, ABC, Republicans, PBS, NPR, Marist, Sun, Group, American, Facebook Locations: Washington , DC, Texas, Iowa, South Carolina, Florida, Mexico

☆ Boris Johnson: How Britain's once most popular prime minister fell out of favor
▼ + stars: | 2023-06-10 | by ( Luke Mcgee | ) edition.cnn.com time to read: +6 min

For decades, his carefully honed media persona – part pseudo-intellectual; part loveable-but-out-of-touch-poshboy – won Johnson fans beyond the traditional Conservative base. Johnson attended a Parliament's Privileges Committee hearing, where he gave evidence on whether he deliberately misled parliament over Partygate. Adrian Dennis/AFP/Getty ImagesThat same day, Johnson’s dwindling influence was further underscored as he led a futile rebellion against Sunak’s new Brexit deal, something Johnson has publicly criticized. Johnson delivered Brexit in 2016, but it was now Prime Minister Rishi Sunak who received praise from US President Joe Biden for fixing the issue Johnson's deal created with Northern Ireland. And living in denial might be the kindest thing that Johnson could possibly have done for himself and his legacy.

Persons: Boris Johnson, Downing, Sir Winston Churchill, Johnson, poshboy –, Kois Miah, Johnson’s, Liz Truss, it’s, tutted, Adrian Dennis, Sunak, “, ” Johnson, Brexit, Rishi Sunak, Joe Biden, Dan Kitwood, won’t Organizations: CNN, Johnson, Conservative, London Olympics, Getty, Brexit, EU, Brits, Northern Ireland Locations: British, London, Beijing, Victoria Park, Partygate, AFP, Britain’s, Northern Ireland, Ukraine, Kyiv, Northern, Europe

☆ The countdown is on for DeSantis' presidential kickoff, just as 2024 frontrunner Trump readies powerful exit from Florida
▼ + stars: | 2023-05-18 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +9 min

Polling has him second to Trump, who has been living in Florida at Mar-a-Lago in Palm Beach. Donald Trump's permanent residence is in Palm Beach, Florida, at his Mar-a-Lago oceanside estate. New Jersey, therefore, is set to become the new go-to spot for the GOP right around the time that the DeSantis campaign kicks off. On Monday, DeSantis' political team moved to a new office in Tallahassee, NBC News reported. The DeSantis political operation declined to share details of the governor's plans, including formal rollouts and events that may come later.

Electric vehicles sales are already trending up, accounting for 8% of all car sales in April, up from 1.1% a year earlier. DEMAND UNCERTAINTYDespite the government's EV push, uncertainty remains over how tough its vehicle emission standards will be. The challenge is the expansion of public chargers, especially in regional areas, where the power infrastructure to support fast chargers is often scarce or absent. The country's public chargers tend to be underpowered, with 0.5 kilowatts of public charging per EV versus an average 2.4 kw worldwide. Reuters Graphics Reuters GraphicsExpansion of public chargers is slow as operators face long delays connecting to the grid.

☆ India's Sterlite Tech swings to profit in Q4 on optical networking boost
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, May 17 (Reuters) - Indian networking solutions provider Sterlite Technologies Ltd (STTE.NS) swung to a fourth-quarter profit on Wednesday, aided by strong growth in its mainstay optical networking business. The company's consolidated net profit stood at 650 million rupees ($8 million) for the quarter ended March 2023, compared to a net loss of 220 million rupees a year ago, it said in an exchange filing. Consolidated revenue from operations jumped 25% to 18.72 billion rupees, the company said. Optical networking business, which contributed a hefty 80% of the company's topline, grew 40% to 15.05 billion rupees. Additionally, the company declared a final dividend of 1 rupee per share and approved fundraise of up to 10 billion rupees.

☆ Warner Bros Discovery reveals pricing, promotion, and content details of its new streamer, Max, as it aims to take on Netflix and fire up Wall Street
▼ + stars: | 2023-04-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Called Max, the app will feature content from HBO Max and Discovery+. Discovery announced the details of its new streaming app on Wednesday, after much anticipation from Hollywood and Madison Avenue. The prices will stay the same for HBO Max subscribers, who will begin to be automatically ported over to the new service. Presenting the entire WBD content catalog on the combined streamer without diluting HBO's prestige factor was another challenge. HBO Max has greater recognition with younger consumers, according to a new Samba TV/HarrisX poll, which could help grow awareness for Discovery+.

☆ Exclusive: Boeing targets 2025 for return to pre-crisis 737 MAX production rates -sources
▼ + stars: | 2023-04-10 | by ( Valerie Insinna | ) www.reuters.com time to read: +3 min

After increasing monthly MAX production rates to 38 in June, Boeing's current plans call for 42 MAXs a month by January 2024 and 47 by June 2024, the sources, who asked not to be identified, told Reuters. Boeing, which has not provided details of its production plans, declined to comment. The U.S. planemaker further pared back MAX rates during the COVID-19 pandemic. "Boeing doesn't really have plans to get beyond 52 (MAXs), nor is it likely to do so. Meanwhile, Merluzeau said 737 MAX production appears to be stabilizing as Boeing's hiring bears fruit.

☆ The U.S. Built a European-Style Welfare State. It’s Largely Over.
▼ + stars: | 2023-04-06 | by ( Claire Cain Miller | Alicia Parlapiano | ) www.nytimes.com time to read: +14 min

expansion Child care provider grants Food assistance ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Emergency food benefits Free school meals Through Sept. 2026 Remote WIC services Paused work requirement No expiration Meals outside of school No expiration Food benefit increase WIC increase Health care ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Medicaid continuity Through Dec. 2025 A.C.A. subsidies Subsidized COBRA Housing ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Foreclosure ban Eviction ban Through Sept. 2025 Rental aid Through Sept. 2030 Housing vouchers Unemployment ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Self-employed qualify Relaxed rules Extended duration Extra $600/week Extra $300-$400/week Extra for self-employed Extra $300/week Note: The selection of programs is not comprehensive, but it represents those with the highest costs or those affecting the most people. PROGRAM DURATION ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Emergency food benefits Gave all households maximum Free school meals For all children Remote WIC services Waived need to appear in person Through Sept. 2026 Paused work requirement For adults without kids Meals outside of school Summer meals made permanent No expiration Increase in max. PROGRAM DURATION ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Foreclosure moratorium For federally backed mortgages Eviction moratorium Rental assistance New emergency program Through Sept. 2025 Housing vouchers Additional funding Through Sept. 2030 Note: While funding for emergency housing vouchers is available through September 2030, vouchers cannot be issued to new households after September of this year. PROGRAM DURATION ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Benefits for self-employed Including gig workers Relaxed rules Work searching not required Extra weeks of benefits Up to 53 additional Extra $600 per week Extra $300-$400 per week Depending on the state Extra for self-employed $100 more per week Extra $300 per weekAnother is support for families with young children.

☆ South Africa fights to keep phone networks up as lights go out
▼ + stars: | 2023-04-05 | by ( Nqobile Dludla | ) www.reuters.com time to read: +8 min

A bank of expensive backup batteries, theft-proofed within a block of concrete. "Our costs have gone through the roof," lamented Sitho Mdlalose, managing director of Vodacom South Africa (VODJ.J). President Cyril Ramaphosa in February declared a national state of disaster, calling the crisis an existential threat to South Africa's social fabric. While most network towers in South Africa are equipped with a battery for backup power, more advanced systems are less common. That risks delaying South Africa's pivot to the digital economy and could leave rural areas, which already suffer from sparse coverage, lagging even further behind.

☆ Jefferies upgrades Roblox, calls the video game stock one of the best internet names
▼ + stars: | 2023-03-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

It's "time to respect the community" around Roblox , according to Jefferies. "With regular rollouts of new user and creator features, we are comfortable RBLX will grow through NT competitor and macro pressures. We expect it to remain among the fastest growing internet companies earning multiple expansion, higher estimates, and investor interest," he added. Uerkwitz raised his price target to $48 from $30, implying upside of more than 20% from Thursday's close price. "The high level narrative is simple: Fast growing internet company with incoming margin inflection plus an advertising revenue stream call option," Uerkwtiz said.

☆ GM offers buyouts to most salaried employees, in a bleak warning for white-collar workers
▼ + stars: | 2023-03-09 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

GM employees have until March 24 to accept buyout offers. Salaried employees with at least five years of experience qualify for the buyouts. The buyout program is part of GM's plan to "accelerate attrition and achieve $2 billion in cost savings by the end of 2024," spokesperson Maria Raynal said in an emailed statement. Eligible employees have until March 24 to accept the buyout offer, and once approved will leave the company by June 30. GM last rationalized its workforce in 2019, slashing about 15% of its North American salaried employees at the same time the company initiated plans to close several factories.

☆ GM’s EV Push Stalls Amid Slow Rollouts for GMC Hummer, Cadillac Lyriq
▼ + stars: | 2023-03-08 | by ( Mike Colias | ) www.wsj.com time to read: 1 min

General Motors Co. Chief Executive Mary Barra has called 2023 a breakout year for the company’s electric-vehicle push. It is off to a slow start. The Detroit auto maker is dealing with the slower-than-expected rollout of two high-profile electric vehicles, the GMC Hummer EV and the Cadillac Lyriq, increasing pressure on Ms. Barra after GM lost EV market share to rivals last year.

☆ A laid-off Twitter exec who went viral for sleeping on the office floor says people who are afraid of being 'dunked on' should stay 'small and invisible'
▼ + stars: | 2023-02-28 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A laid-off Twitter exec said people who are afraid of criticism should stay "small and invisible." Esther Crawford had become known for her commitment to Elon Musk's "Twitter 2.0." During her time at Twitter, Crawford was seen as an embodiment of Musk's "hardcore" work culture. "If you can't take being publicly dunked on then be sure to avoid taking any risks and stay away from all leadership roles," Crawford tweeted. Stay small and invisible and most of all, be silent and afraid of what others think."

☆ The EV Question for Auto Executives: How Fast to Make the Shift?
▼ + stars: | 2023-02-22 | by ( Ryan Felton | ) www.wsj.com time to read: 1 min

Most car executives agree that the transition to electric vehicles is inevitable. How rapidly to make the switch is a central question, one that is driving divergent strategies. Traditional auto makers have pledged to gradually transform their vehicle lineups to EVs, but timelines vary. If car makers get ahead of consumers on EV rollouts, that could inflate their costs and hurt sales of gas-powered vehicles, profits from which are needed to fund investments in electrification.

☆ Google's big fear is AI running wild. After ChatGPT, it's too late.
▼ + stars: | 2023-01-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

It's in Google's financial interest to present itself as a responsible custodian of AI. On Monday, some of Google's most senior executives, including CEO Sundar Pichai, senior vice president James Manyika, and the chief executive of its AI research unit DeepMind, Demis Hassabis, published an explainer on their approach to AI research, titled "Why we focus on AI (and to what end)." This is a "thinly veiled swipe at OpenAI and ChatGPT", according to a research note from Richard Windsor of Radio Free Mobile. In other words: If ChatGPT and its successors cause widespread havoc, it'll ruin AI adoption for everyone, including Google. There'll be more ChatGPT momentsThere is a flood of money pouring into generative AI startups promising real-world applications.

☆ Leaked documents show Amazon paused activities like social marketing and recruiting 'out of respect' for laid off employees
▼ + stars: | 2023-01-18 | by ( Eugene Kim | Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Amazon has suspended a number of work activities or services on Wednesday amid layoffs. Amazon suspended several work activities and services on Wednesday to be more mindful of the employees let go as part of the company's largest layoff in history. Additionally, Amazon suspended some AWS content streams on Twitch, another person said. Amazon will also pause some recruiting activities on Wednesday and Thursday, according to a person familiar with the matter. Still, many Amazon employees were upset about the ambiguity and lack of communication in the overall layoff process.

☆ ‘Sonic Logos’ Struggle to Get Heard at U.S. Checkouts
▼ + stars: | 2023-01-12 | by ( Katie Deighton | ) www.wsj.com time to read: +8 min

A spokeswoman for American Express said the company’s sonic logo plays on marketing channels such as brand videos, but not at any credit-card terminals. PREVIEWPayments firms say sonic logos at cash registers can also communicate to customers that they are transacting with a trusted merchant, making the sounds akin to the stickers of credit-card logos that often appear in store windows. Visa’s spokeswoman said the company doesn’t share figures on how many businesses play its sonic logo due to the complexity of tracking rollouts. To that suggestion, Mastercard said the value of sonic logos for merchants “comes in through consumer trust and reassurance.” Visa declined to comment. But some retailers want no part of sonic logos.

☆ December inflation data: Here's how it could move markets
▼ + stars: | 2023-01-12 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

"Like we saw following November's CPI report, markets rallied and then pulled back," Conzo explained. The central bank remains "worried about the overheating labor market," and the CPI report is "unlikely to quell those concerns." If the inflation data shows further cooling today, how does that impact your economic outlook for the year? Along with CPI data, investors are also bracing for the release of the number of US jobless claims. Coinbase stock price on Jan. 12, 2023 Markets Insider10.

☆ CIOs Contend With Pushback on AI Rollouts
▼ + stars: | 2023-01-06 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +6 min

Overall enterprise adoption of AI has grown threefold since 2019 as algorithms grow in scale and sophistication, according to International Data Corp. That left executives underwhelmed by the results and disillusioned, according to Todd Lohr, KPMG LLP’s U.S. technology consulting leader. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. In 2022, organizations spent on average 4% to 6% more on AI than the previous year, according to IDC. Other emerging technologies are more likely to be cut than AI, given its cost-savings potential, she noted.

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