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☆ Smartphone giants like Samsung are going to talk up 'AI phones' this year — here's what that means
▼ + stars: | 2024-02-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Companies like Qualcomm and MediaTek have launched smartphone chipsets that enable the processing power required for AI applications. Large language models are huge AI models trained on vast amounts of data that underpin applications like the widely popular chatbots. The other big part of the AI smartphone puzzle is the term "on-device AI." Previously, many AI applications on devices were actually partly processed in the cloud, then downloaded onto the phone. Smartphone makers say on-device AI improves the security of gear, unlocks new applications and also makes them faster, since the processing is done on the handset.

Persons: SeongJoon Cho, OpenAI's ChatGPT, Bryan Ma, Ma, Ben Wood, Wood Organizations: Samsung Electronics Co, Samsung, Bloomberg, Getty, Mobile World Congress, MWC, IDC, CNBC, Qualcomm, MediaTek, CCS Insight Locations: Seoul, South Korea, Barcelona, Spain

☆ Red states are big winners of Biden’s landmark laws
▼ + stars: | 2024-02-14 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Fitch defined red states as those that voted for former President Donald Trump in 2020 by more than three percentage points. “The reality is manufacturing was migrating to those states even before the CHIPS Act and the IRA. Relative to the size of their state economies, Arizona, Idaho and West Virginia are the biggest winners from the IRA and CHIPS Act investments, according to Fitch. New York leads blue state winnersNone of this is to say blue states aren’t benefiting from the IRA and the CHIPS Act. Micron cited the tax credits in the CHIPS Act as well as incentives provided by New York state aimed at luring semiconductor companies.

Persons: Joe Biden, Biden, Fitch, Donald Trump, Olu Sonola, Sonola, ‘, ” Natalie Quillian, “, ”, Lauren Boebert, Quillian Organizations: New, New York CNN, Redwood Materials, Redwood, America’s, IRA, Republican, CNN, Fitch, Trump, Micron, White House, White, Lonestar, Samsung, Intel, IBM, Central, “, CS, Colorado Republican Locations: New York, South Carolina, Arizona, Georgia, Nevada , North Carolina , Michigan, Pennsylvania, Wisconsin, Idaho, Boise, America, Texas, Taylor , Texas, Austin, Russia, Canada, Arizona , Idaho, West Virginia, Chandler , Arizona, “ Arizona, . New York, Hudson Valley, Central New York, “ New York, Colorado, Pueblo , Colorado

☆ Nuclear fusion: Scientists just set a new energy record in a step toward unleashing the limitless, clean energy source
▼ + stars: | 2024-02-08 | by ( Angela Dewan | ) edition.cnn.com time to read: +4 min

London CNN —Scientists and engineers near the English city of Oxford have set a nuclear fusion energy record, they announced Thursday, bringing the clean, futuristic power source another step closer to reality. To generate fusion energy, the team raised temperatures in the machine to 150 million degrees Celsius — around 10 times hotter than the core of the sun. An animation showing how tokamaks generate nuclear fusion energy. “Our successful demonstration of operational scenarios for future fusion machines like ITER and DEMO, validated by the new energy record, instil greater confidence in the development of fusion energy,” Fasoli said in a statement. A view of Torus Hall, where the JET tokamak machine lies.

Persons: Ambrogio Fasoli, ” Fasoli, Aneeqa Khan, Khan, ”, Copernicus Organizations: London CNN —, CNN, JET, EUROfusion, United Kingdom Atomic Energy Authority, University of Manchester Locations: Oxford, France

☆ Frustrated by healthcare's failings, the rich are investing in biotech to live longer and healthier
▼ + stars: | 2024-01-30 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

AdvertisementWinter is part of a growing group of family office principals, including heirs like himself and first-generation entrepreneurs, who are making direct investments in pursuit of longer and healthier lives. They are in good company; longevity startups drew global investment of more than $5.2 billion in 2022 , according to a venture capital firm, Longevity Tech Fund, which used PitchBook data. She and some of her clients are investors in Maximon, a Switzerland-based longevity fund that includes "healthspan clinics" in its portfolio. Eric Becker, cofounder of wealth manager Cresset , and his two sons founded a family office and picked Blue Zone Foods as its first investment. Courtesy of CressetFor Becker, whose daughter died of leukemia at 21, and his family, longevity is not an abstract topic.

Persons: Maximilian Winter, doggedly, Lyme, Fritz Winter, Peter Thiel, There's, Peter Fioretti, David Sinclair, Kathrin Genovese, ultrarich, Genovese, Eric Becker, Cresset, Dan Yadegar, Becker, Johnny Walker Organizations: Longevity Tech Fund, Harmonix, Biotech, UBS, Winter's Harmonix Fund, Blue, Foods, Becker Venture Partners, Newpath Partners Locations: Santa Barbara, Quinta , California, Maximon, Switzerland, Zurich

☆ Commodity markets are in a 'super squeeze' — and higher prices could be here to stay
▼ + stars: | 2024-01-26 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

A commodity "super squeeze" is denoted by higher prices driven by supply constraints more than a robust growth in demand, he explained. "If it's a supply constraint that's driving high commodity prices, it's a very different story for global growth," he told CNBC via Zoom. Higher prices as a result of a super squeeze are "not as positive." The super squeeze could be deeper, or more prolonged if geopolitical, climate change or energy transition related supply disruptions are larger than expected. He highlighted that extreme weather events and geopolitics have also impacted the agricultural and energy commodity baskets.

Persons: Li Xin, Paul Bloxham, Bloxham, Brian Luke S, Dow, HSBC's Bloxham, Ian Waldie, Brian Luke, Matty Zhao Organizations: Technology, Getty, Visual China, HSBC, CNBC, Paul Bloxham HSBC, Energy, Commission, Commodities, Bloomberg, Dow Jones, of America Securities Locations: SUIXI, CHINA, Anhui, Suixi County, Huaibei City, Anhui Province, China, Israel, Gaza, Ukraine, Red, Australia, Asia, Pacific

☆ He wanted to be a trombone player. Instead, he ended up as CEO of one of the world's biggest airlines.
▼ + stars: | 2023-11-26 | by ( Chris Johnston | ) www.businessinsider.com time to read: +8 min

He's been CEO of European airline easyJet for the past six years. AdvertisementIn a parallel universe, Johan Lundgren would have become a professional musician and never ended up as CEO of one of the world's biggest airlines. "I like people, and I like travel," Lundgren tells Business Insider in a faint Swedish accent during an interview in central London. He spent many years at TUI, one of Europe's biggest travel companies, rising to deputy CEO by the time he left in 2015. AdvertisementIt's the UK's biggest airline and is first or second in many other markets too.

Persons: Johan Lundgren, He's, Lundgren, —, Swede, easyJet, Charles de Gaulle, Charles de, It's, I've, didn't, Bob Jordan, EasyJet, Stelios Stelios Haji, he's, that's, Michael O'Leary, Filipo Monteforte, Ryanair's Michael O'Leary, O'Leary Organizations: easyJet, Service, Royal College of Music, Soviet Union, SAS, Southwest Airlines, Ryanair, British Airways, London Gatwick, Southwest, UK's, Airbus, Getty Locations: Britain, London, Stockholm, Leningrad, Russia, Soviet Union, Soviet, TUI, Majorca, Europe, Charles, Paris, Charles de Gaulle, easyJet, Ukraine, Sweden, Canada, Toronto, AFP

☆ We quit our jobs in TV to start a coffee shop. When we decided to do it on a boat, we had no idea what we were in for.
▼ + stars: | 2023-11-24 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +7 min

Joanna and Victor Gould, both 35, quit their jobs to open a coffee shop on a boat. Holly the Cafe Boat Joanna GouldWe faced a lot of challenges opening our boat cafeIn 2018, we were feeling exhausted from our jobs as freelance television editors. We bought her and decided to name her "Holly the Cafe Boat." Both our cafe boat and the boat we lived on had a continuous cruiser license, which meant we had to move them both every couple of weeks. Serving customers from Holly the Cafe Boat.

Persons: Joanna, Victor Gould, —, we'd, We'd, we've, we're, Holly, Joanna Gould, herder, they'd, We've, We're Organizations: YouTube, Service Locations: Macclesfield, England

☆ Markets are cheering the prospect of rate cuts next year, but it's a double-edged sword
▼ + stars: | 2023-11-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

But that's a tricky situation for investors, as cuts would likely come in response to a slowing economy. Rate cuts aren't inherently bullish and signs emerging that the economy is slowing into year-end. AdvertisementMarkets are cheering the possibility the Federal Reserve could begin slashing interest rates next year, but rate cuts are a double-edged sword, Wall Street experts are warning, because of what the move would signal about the broader economy. But rate cuts may not be the decidedly bullish catalyst markets are hoping for. AdvertisementMarkets have been eyeing a Fed rate cut to trigger a bullish rally in stocks.

Persons: —, we've, Paul McCulley, Chris Grisanti, We're, Claudia Sahm Organizations: Service, Reserve, Fed, CNBC, Mai Capital Management, Deutsche Bank, UBS, Atlanta Fed

☆ The dream economic scenario might be back on the table, as inflation cools and growth surges
▼ + stars: | 2023-11-15 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

It's a sign the dream economic scenario – where the Fed reins in inflation without crushing growth or driving up unemployment – is still on the table. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . After a difficult few months, there are signs the central bank's dream economic scenario is back on the table once again. The dream economic scenarioSome big-name investors sounded cautious in their responses to the latest data, warning that inflation may prove stickier than expected. Some might call this a "Goldilocks" scenario – where inflation, growth, and the job market all look "just right".

Persons: Stocks, —, PIMCO, Paul McCulley, Jamie Dimon, Ken Griffin, Matt Turner, Taylor, it's Organizations: Service, Bank of America, Federal Reserve, Reuters, Nasdaq, JPMorgan, Citadel, optimist, country's Locations: –

☆ CPI report a gamechanger with crack in shelter component of inflation, says former PIMCO economist
▼ + stars: | 2023-11-14 | 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 EmailCPI report a gamechanger with crack in shelter component of inflation, says former PIMCO economistPaul McCulley, former PIMCO chief economist, joins 'Squawk on the Street' to discuss the latest CPI report, the Federal Reserve's read on the inflation data, and more.

Persons: Paul McCulley Organizations: CPI

☆ The Fed's next move will be to cut rates as the drop in inflation was a 'gamechanger,' former PIMCO chief economist says
▼ + stars: | 2023-11-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed's next rate move will be to cut rates, former PIMCO chief economist Paul McCulley said. Some forecasters say the Fed will slash interest rates by nearly three percentage points next year. Most significant is the "crack" in shelter inflation, McCulley said, which rose 6.7% year-over-year in October. AdvertisementInvestors will debate over when the Fed will cut rates, he added, though most are expecting the first rate cut to happen sometime next year. Some economists, though, have cautioned that the Fed risks easing interest rates prematurely, which could eventually lead to a resurgence in inflation down the line.

Persons: Paul McCulley, McCulley, —, That's, we've, Mohamed El Organizations: Service, CNBC, UBS, Fed

☆ It's official: 2023 is the year of Microsoft's glow-up
▼ + stars: | 2023-10-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Its big bet on AI appears to be paying off while blockbuster deals are getting greenlit. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementIt's a history that is firmly behind the company: 2023 looks set to be the year Microsoft completes its glow-up. But by and large, 2023 has been a remarkable year for Microsoft.

Persons: —, Steve Ballmer, Bill Gates, Satya Nadella, Sam Altman, Nadella, Bing Organizations: Microsoft, Service, Apple, Google, The, Activision Blizzard, Markets Authority, Sky News, IRS, Treasury Locations: Ballmer

The deal was the biggest test of the CMA's global power to take on the tech giants since Britain left the European Union. "The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers," it said in a statement. Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. Activision Blizzard said: "The CMA's official approval is great news for our future with Microsoft, and we look forward to becoming part of the Xbox Team." The European Commission said the new commitments given by Microsoft to the CMA did not interfere with its EU commitments.

Persons: Dado Ruvic, Jeremy Hunt, Sarah Cardell, Ben Barringer, Brad Smith, Activision Blizzard, Paul Sandle, Yadarisa Shabong, Aditya Soni, Foo Yun Chee, Varun H, Kate Holton, Sonali Paul, Jane Merriman, Sherry Jacob, Phillips Organizations: CMA, Microsoft, LONDON, Activision Blizzard, Sony, Activision, Competition, Markets Authority, Ubisoft Entertainment, Britain, European Union, PlayStation, U.S . Federal Trade Commission, FTC, REUTERS, British, Finance, Xbox, European Commission, Thomson Locations: Britain, Cheviot, London, Bengaluru, Foo

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. The deal was blocked in April by the Competition and Markets Authority (CMA) which said it could give the U.S. computing giant a stranglehold over the nascent cloud gaming market. The deal was the biggest test of the CMA's global power to take on the tech giants since Britain left the European Union. "The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers," it said in a statement. The U.S. Federal Trade Commission opposed the deal but after failing to stop it, the CMA was left standing alone.

Persons: Dado Ruvic, Jeremy Hunt, Sarah Cardell, Ben Barringer, Brad Smith, Activision Blizzard, Paul Sandle, Yadarisa, Foo Yun Chee, Varun H, Kate Holton, Sonali Paul, Jane Merriman Organizations: Microsoft, Activision, REUTERS, CMA, LONDON, Activision Blizzard, Competition, Markets Authority, Ubisoft Entertainment, Britain, European Union, PlayStation, Sony, U.S . Federal Trade Commission, FTC, British, Finance, Xbox, European Commission, Thomson Locations: Britain, Cheviot, London, Bengaluru, Foo

☆ Inside the clash between Amazon and Shopify over Buy with Prime
▼ + stars: | 2023-09-02 | by ( Eugene Kim | ) www.businessinsider.com time to read: +12 min

Amazon and Shopify announced a new Buy with Prime app for Shopify on Wednesday. Buy with Prime let merchants offer Prime benefits, such as fast shipping and free delivery, on websites beyond Amazon.com. Amazon had no choice but to let Shopify merchants view Buy with Prime-related metrics on its own backend console, not within the unified Shopify Admin tool, according to the internal Amazon document from April. If Buy with Prime data wasn't smoothly integrated into Shopify Admin, Shopify merchants might not use the Amazon feature much. Constant delaysThe internal Amazon document described a Shopify-native Buy with Prime app as a "flagship" goal for Amazon's top leadership because it would make Buy with Prime more appealing to Shopify merchants.

Persons: Shopify, Santos Jeff Bezos Kevin Mazur, Jeff Bezos, Tobi Lütke David Fitzgerald, Sportsfile, Harley Finkelstein, Finkelstein, Mark William Lewis, Andy Jassy, they've Organizations: Amazon, Amazon.com, Prime, Project Santos, Getty, Amazon Logistics, Netalico Commerce, Web, Associated

☆ Breakthrough in the bitcoin ETF battle: What happens next?
▼ + stars: | 2023-08-30 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

RELATED VIDEOS15:23 Breakthrough in the bitcoin ETF battle: What happens next? 05:20 How the SEC could respond to Grayscale's bitcoin ETF win16:04 ETF Edge, August 30, 202320:53 ETF Edge, August 28, 202305:47 U.S. or global stocks? Weighing long-term performance14:52 Mutual funds and ETFs: same share class a gamechanger?

Organizations: SEC, Edge, Mutual

☆ ETF Edge, August 30, 2023
▼ + stars: | 2023-08-30 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

RELATED VIDEOS16:04 ETF Edge, August 30, 202305:20 How the SEC could respond to Grayscale's bitcoin ETF win15:23 Breakthrough in the bitcoin ETF battle: What happens next? 20:53 ETF Edge, August 28, 202305:47 U.S. or global stocks? Weighing long-term performance14:52 Mutual funds and ETFs: same share class a gamechanger?

Organizations: Edge, SEC, Mutual

☆ U.S. or global stocks? Weighing long-term performance
▼ + stars: | 2023-08-28 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

RELATED VIDEOS05:47 U.S. or global stocks? Weighing long-term performance05:20 How the SEC could respond to Grayscale's bitcoin ETF win15:23 Breakthrough in the bitcoin ETF battle: What happens next? 16:04 ETF Edge, August 30, 202320:53 ETF Edge, August 28, 202314:52 Mutual funds and ETFs: same share class a gamechanger?

Organizations: SEC, Edge, Mutual

☆ ETF Edge, August 28, 2023
▼ + stars: | 2023-08-28 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

RELATED VIDEOS20:53 ETF Edge, August 28, 202305:20 How the SEC could respond to Grayscale's bitcoin ETF win15:23 Breakthrough in the bitcoin ETF battle: What happens next? 16:04 ETF Edge, August 30, 202305:47 U.S. or global stocks? Weighing long-term performance14:52 Mutual funds and ETFs: same share class a gamechanger?

Organizations: Edge, SEC, Mutual

☆ Mutual funds and ETFs: same share class a gamechanger?
▼ + stars: | 2023-08-28 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

RELATED VIDEOS14:52 Mutual funds and ETFs: same share class a gamechanger? 05:20 How the SEC could respond to Grayscale's bitcoin ETF win15:23 Breakthrough in the bitcoin ETF battle: What happens next? 16:04 ETF Edge, August 30, 202320:53 ETF Edge, August 28, 202305:47 U.S. or global stocks? Weighing long-term performance

Organizations: Mutual, SEC, Edge

☆ CEO of remote company shares what she looks for in work-from-anywhere hires: ‘This is a gamechanger’
▼ + stars: | 2023-08-24 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +6 min

When Juliana Chan decided to take her company fully remote in August, some managers reached out and said, "You are very brave to be going remote," she recalled. That's because remote work "comes with its own set of challenges" for companies, despite its popularity among employees. The 'prototypically strong' remote workerWhen she wrote a post on LinkedIn about taking her company remote, Chan said she received an influx of messages from job applicants asking for possible roles. The types of in-person behaviors that are traditionally key to success in an office setting may not matter anymore in a remote setting. Juliana Chan Founder & CEO, Wildtype Media"A potentially strong remote worker could be a very different pick from a strong in-person worker," she explained.

Persons: — Juliana Chan, Juliana Chan, Chan, — Chan, Slack Organizations: Wildtype Media, CNBC, Wildtype Locations: Singapore, Malaysia, Philippines, India

☆ Cramer sees opportunity in Dick's Sporting Goods, despite a rough quarter
▼ + stars: | 2023-08-23 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

While CNBC's Jim Cramer acknowledged Dick's Sporting Goods reported a rough quarter, he thinks Wall Street's reaction was a little extreme. The company's stock tumbled a little over 24% during Tuesday's session. Dick's reported $2.82 earnings per share, significantly less than the $3.81 per share that analysts expected, according to Refinitiv. He said he thinks Dick's new app GameChanger could be a boon for the company. For example, at one of Dick's House of Sport locations in Minnesota, they had a focus on fishing equipment."

Persons: Jim Cramer, Cramer, Dick's, Lauren Hobart Organizations: Sporting Goods, Revenue, Dick's Locations: Refinitiv, Minnesota

☆ US SEC delays decision on Cathie Wood's spot bitcoin ETF
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

[1/2] The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew KellyAug 11 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has delayed a decision on whether to approve Cathie Wood-led Ark Investment Management's (ARK) spot bitcoin exchange-traded fund (ETF), a filing by the regulator showed on Friday. The SEC is seeking public comment on the Ark 21Shares Bitcoin ETF application, and has pushed back the decision date by several weeks to potentially months. In June, BlackRock (BLK.N), the world's biggest asset manager, also filed for a bitcoin ETF, a move that many viewed as a gamechanger for the industry. In 2021, Wood's ARK and crypto investment firm 21Shares US LLC had first teamed up to file an application for a spot bitcoin ETF with the regulator.

Persons: Andrew Kelly, Cathie Wood, Sam Bankman, Pritam Biswas, Shinjini Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, SEC, Ark Investment, Thomson Locations: Washington ,, BlackRock, Bengaluru

☆ Second-half scenarios: ETFs to choose your own adventure
▼ + stars: | 2023-07-05 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

RELATED VIDEOS11:28 Second-half scenarios: ETFs to choose your own adventure02:54 The second-half playbook for ETFs: Will investors return to stock-based ETFs? 15:26 Riding the tailwinds for a spot bitcoin ETF in the U.S.02:41 A potential "gamechanger" in the battle for a spot bitcoin ETF16:14 ETF Edge, June 26, 202303:43 Data sharing agreements for crypto ETF's will make the SEC more comfortable: Wisdomtree's Schwartz

Persons: Wisdomtree's Schwartz Organizations: Edge, SEC Locations: U.S

☆ ETF Edge, July 5, 2023
▼ + stars: | 2023-07-05 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

RELATED VIDEOS19:53 ETF Edge, July 5, 202302:54 The second-half playbook for ETFs: Will investors return to stock-based ETFs? 15:26 Riding the tailwinds for a spot bitcoin ETF in the U.S.02:41 A potential "gamechanger" in the battle for a spot bitcoin ETF16:14 ETF Edge, June 26, 202303:43 Data sharing agreements for crypto ETF's will make the SEC more comfortable: Wisdomtree's Schwartz

Persons: Wisdomtree's Schwartz Organizations: Edge, SEC Locations: U.S

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