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☆ DeepMind's CEO said there's a chance that AI could become self-aware in the future
  + stars: | 2023-04-17 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +3 min
The CEO of Alphabet's DeepMind said there's a possibility that AI could become self-aware one day. DeepMind is an AI research lab that was co-founded in 2010 by Demis Hassabis. The CEO of Alphabet-owned AI research lab, DeepMind Technologies, spoke about the potential of artificial intelligence in an interview with CBS' "60 Minutes," which aired on Sunday. DeepMind CEO Demis Hassabis told CBS that he thinks that AI might one day become self-aware. Hassabis told CBS that he believes AI is "the most important invention that humanity will ever make."
☆ Stocks making the biggest moves premarket: Lululemon, Paychex, Micron Technology and more
  + stars: | 2023-03-29 | by ( Pia Singh | ) www.cnbc.com   time to read: +3 min
Lululemon – Lululemon shares surged more than 16% before the Wednesday open after posting a strong holiday quarter and sharing upbeat guidance for the current fiscal year. The athleisure wear company reported adjusted earnings of $4.40 a share on $2.77 billion in revenue and said same-store sales climbed by 27%. Carnival Corp — Shares of the cruise line climbed 2.5% in premarket trading after Susquehanna upgraded Carnival to positive from neutral. Micron fiscal second quarter results missed analyst expectations on both the top and bottom lines, according to Refinitiv consensus estimates. Paychex Inc. — Shares of the payroll services company were up nearly 3% premarket ahead of fiscal third-quarter earnings due after the close on Wednesday.
☆ Stocks making the biggest moves midday: Credit Suisse, First Republic Bank, Halliburton and more
  + stars: | 2023-03-15 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
Credit Suisse — Shares of Credit Suisse plunged 25% after its biggest backer, Saudi National Bank, said it won't provide the Swiss bank with further financial help. First Republic Bank — The regional bank stock tumbled 23%, giving back some of Tuesday's gains as turmoil at Credit Suisse rattled the broader sector and S&P Global Ratings downgraded its debt rating to BB+ from A-. U.S. banks — Major U.S. banks tumbled on Wednesday as unease over the latest crisis at Credit Suisse spooked some investors. Energy stocks — Major energy stocks took a hit as oil stooped to its lowest level in more than a year. New York Community Bancorp — The regional bank stock jumped more than 5%, bucking the broader sell-off trend in banking names.
☆ Proptech VCs and startup founders already struggling from the housing-market downturn are now reeling from the Silicon Valley Bank collapse
  + stars: | 2023-03-15 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +5 min
The overnight collapse of Silicon Valley Bank after a social media and group chat-fueled bank run is creating yet another set of problems for an already ailing venture tech environment. The proptech industry has suffered over the past year as higher interest rates have throttled both the real estate and tech worlds. Silicon Valley Bank was the go-to lender of so-called venture debt, or debt that startups can raise along with their equity rounds of funding. The Silicon Valley Bank collapse "just punctuated it," he said, of the financial duress. Real estate lending warningsBanks make up almost a third of all commercial real estate lending according to CBRE.
☆ Homeowners spent up to $6,000 average on repairs, maintenance in 2022
  + stars: | 2023-01-05 | by ( Sarah O'Brien | ) www.cnbc.com   time to read: +2 min
"For a $400,000 home, the [$4,420] in maintenance and emergency spending in our report is closer to 1%. Maintenance costs may reduce repair expensesWhile it's wise to have money set aside, maintenance can help reduce what you spend on unexpected repairs, Hicks said. "We're seeing an increased focus on maintenance activities, which is good to see," Hicks said. While the specifics of a necessary roof repair determine the cost, the average is $1,000, according to thisoldhouse.com. That compares to an average $3,342 shelled out for water-damage repairs, according to Angi.
☆ Why Liverpool and Manchester United, two giants of soccer, are up for sale at the same time
  + stars: | 2022-12-24 | by ( Jenni Reid | ) www.cnbc.com   time to read: +7 min
In November, the owners of first Liverpool and then Manchester United confirmed they were open to new investment offers, with the potential for full sales of the top flight English clubs. Meanwhile New York-listed shares in Manchester United popped 18% on the news on Nov. 23 that its owners were similarly opening themselves up to investment opportunities. Big money competition One recurring complaint Manchester United fans have had of the Glazers is a lack of investment in the club, across both facilities and players. Old Trafford Stadium, the home of Manchester United Football Club. "In the cases of Liverpool and Manchester United, both owners have held the clubs for a long time, and both assets have appreciated a lot as their leagues and brands and global fan bases have developed.
☆ Sick and family leave are top union demands post-Covid-pandemic
  + stars: | 2022-12-10 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com   time to read: +7 min
Rail workers nearly went on strike over paid sick leave. Glen Stubbe / Star Tribune via AP fileMore than 100,000 rail workers were days away from a likely strike after the rail companies refused demands for five paid sick days. Labor experts and organizers say the pandemic aimed a floodlight at the public health ramifications of in-person work, elevating for workers the importance of paid leave in contract disputes. “This was the sticking point for the railroads.”Following Congress’ resolution of the impasse, activist investors have put forth proposals to get two of the biggest rail companies, Union Pacific and Norfolk Southern, to offer their workers paid sick leave next year. “We appreciate the work of the negotiating teams and the mediator in reaching this agreement in principle.”Other unions are paying attention to these fights — and gearing up to make sick leave a major part of their negotiations.
☆ Baseball’s Winter Battle to Acquire—or Keep—Aaron Judge and Jacob DeGrom
  + stars: | 2022-11-11 | by ( Lindsey Adler | ) www.wsj.com   time to read: 1 min
LAS VEGAS — Major League Baseball’s front offices began placing bets on their offseason roster-building moves, with some teams focused not on landing new talent, but hanging onto the stars they have—including Jacob deGrom, Justin Verlander and especially Aaron Judge. The league’s General Manager meetings here this week are the first of two official gatherings of club and league representatives this winter; the Winter Meetings, the industry-wide convention that takes place in December, will be the second.
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