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Marvell Technology will reap the benefits from the growth of artificial intelligence due to its deep and broad base of intellectual property, Bank of America predicts. On Thursday, the bank reiterated its buy rating ahead of the chipmaker's AI presentation next Thursday. MRVL YTD mountain Marvell Technology year to date At the event, analyst Vivek Arya expects Marvell Technology to outline a $20 billion to $30 billion incremental total addressable market. He also expects Marvell to reinforce its competitive differentiation in custom chips compared to lower-priced Taiwan rivals, similar to an argument recently made by Broadcom . Arya also expects management at the AI event to address Marvell's leadership in inter- and intra-data center AI optics and its ability to transition to silicon photonics.
Persons: Vivek Arya, Arya, Marvell Organizations: Marvell Technology, Bank of America, Marvell, Broadcom, photonics Locations: CY24E, Taiwan
"We are raising our YE'24 NFLX target price $65 to a street-high $765 driven primarily by a combo of higher '24 and beyond subscriber/ARPU forecasts." "We are upgrading Ollie's Bargain Outlet to a Buy from a Hold rating while raising our price target to $90 from $80, implying 26% upside from current levels." We cut our price target from $2 to $1, still giving ATUS the highest multiple in Cable as optionality. "We are raising our already Street High $330 YE'24 target price $60 to $390 driven primarily by higher premium and to a lesser extent ad supported ARPU forecasts." Jefferies adds Pepsi to the franchise picks list Jefferies said it sees opportunity internationally for Pepsi and raised its price target to $209 per share from $199.
Persons: Marvell, it's, Bernstein, Mizuho, Wells, Piper Sandler, Krispy, JPMorgan, Eli Lilly, LLY, Stifel, Rosenblatt, Snowflake, Jefferies, underperform KBW, Daiwa, Tesla, KBW, Monness Crespi Hardt Organizations: Netflix, Bank of America, Apple, Amazon Web Services, RBC, Eaton, Piper, JPMorgan, Technologies, Cable, Spotify, BMO, Royal Bank, Pepsi, Fox, Fox News, Digital, Citi, Express, American Express Locations: NY, McDonald's, USA, Toronto, Snowflake, U.S
Mizuho reiterates Nvidia as a top pick Mizuho says Nvidia is still a top idea at the firm. Morgan Stanley initiates Mural Oncology at overweight Morgan said in its initiation of the biotech company that it sees a long "cash runway" lasting through 2025. Morgan Stanley downgrades Block to underweight from equal weight Morgan Stanley sees growth headwinds for the payment tech company. Morgan Stanley upgrades Zeta to overweight from equal weight Morgan Stanley said the marketing technology company has an underappreciated valuation. " Morgan Stanley reiterates Tesla at overweight Morgan Stanley lowered its price target to $310 per share from $320. "
Persons: Bernstein, Reddit, underperform Bernstein, Raymond James, Raymond James downgrades Bumble, Barclays downgrades Ferrari, it's, Mizuho, Goldman Sachs, Goldman, Morgan Stanley, Morgan, Wolfe, underperform Wolfe, Piper Sandler, Piper, Synopsys, Morgan Stanley downgrades Block, Dave, Buster's, Jefferies, Zeta, Oppenheimer, Ball, Wayfair, Wynn, bullish, Tesla, Goldman Sachs downgrades Hertz Organizations: Citi, Barclays, Ferrari, Nvidia, JPMorgan, Avis, UBS downgrades Bank of America, UBS, Apple, AstraZeneca JPMorgan, AstraZeneca, Amazon, AWS, Meta, General Motors, GMC, Chevrolet, Buick, GM, DFS, Mizuho, Eversource Energy Locations: Avis, MURA, Charlotte, Wayfair, Capital, Macau
Opinion: Trump videos send wildly different messages
  + stars: | 2024-03-31 | by ( Richard Galant | ) edition.cnn.com   time to read: +19 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In a video promoting the Bible, Trump said, “Religion and Christianity are the biggest things missing from this country. … we need to bring them back.”On Good Friday, Trump posted a very different kind of video. It showed an image of President Joe Biden lying sideways and tied up in the bed of a pickup truck. “Robert F. Kennedy Jr.’s independent presidential campaign can’t win, but it could swing the presidency to former President Donald Trump,” Begala wrote.
Persons: Matthew Arnold, Homer, King James, Donald Trump, , Lee Greenwood’s, AJ Willingham, Trump, Joe Biden, Drew Sheneman, MAGA, Biden, Fareed Zakaria, ” Zakaria, Candida Moss, he’ll, he’s, Barack Obama, Bill Clinton, Julian Zelizer, ” “, , ” Clay, , Obama, “ Obama, CNN Trump, , Attorney Alvin Bragg, “ Trump, Stormy Daniels, ” Norman Eisen, Andrew Warren, James Antle III, stoked, Letitia James, Dali, Francis Scott Key, Tasos Katopodis, Richard Timme, ” Timme, Salvatore R, Mercogliano, , Jalal Baig, Catherine, Princess of Wales, Baig, Paul Hockenos, “ It’s, Robert F, Kennedy Jr, Nicole Shanahan, Eric Risberg, Paul Begala, Ross Perot, George H, Bush, “ Robert F, can’t, ” Begala, ” Shanahan “, Sergey Brin, Hillary Clinton, Pete Buttigieg, Ro Khanna, Lee Drutman, Mark Osler, Jill Filipovic, Lisa Murkowski, Obeidallah, Johnson Ronna, Ronna McDaniel, Justin Sullivan, McDaniel, ” McDaniel, David Zurawik, Jack Ohman, Walt Handelsman, Tim Hubbard, Dennis Muilenburg —, Max, David Calhoun, , ” Hubbard, Annelle, ” Sheline, ” Don’t, Frida Ghitis, Putin, Howard Fischer, Keith O’Brien, Pete Rose, Nick Anderson, Agency Sara Stewart, Mary Ziegler, Patrick T, Brown, shouldn’t, Emma Firth, Carter ’ Parkwood, Roxanne Jones, Cowboy Carter, Beyoncé, ” Jones Organizations: CNN, Oxford University, New, Trump, Nasdaq, NYPD, Hollywood, Biden, Cupp, Obama, Manhattan, Attorney, Democratic, US Coast Guard, Baltimore, Federal Highway Administration, RFK Jr, RFK, Google, The New York Times, Republican National Committee, NBC News, , Press, NBC, MSNBC, Content Agency Boeing, Notre Dame, Boeing, US State Department, Israel, Tribune, Agency, Sony, AP Locations: Independence, New York City, America, New, Manhattan, Queens, New York, Baltimore, Coast, Suez, Port, China, Argentina, Red, Gaza, Wales, Northern California, California, Israel, Columbia
But with Russian forces still inside the country and millions of Ukrainians displaced from their homes, fighting on the frontlines, or living overseas, there is no election in sight. Although Sunday is the day the constitution says Ukraine should be voting, it also does not allow it during wartime. He would have voted for Zelensky five years ago if he had had the chance and would vote for him now. Last August, President Zelensky was asked for his position in an interview on Ukrainian television and sounded sympathetic to holding a poll. As the United States Congress continues to dither over new military aid, elections in Ukraine became folded into the debate by some Republicans.
Persons: Volodymyr Zelensky, Zelensky, Viktor Yanukovych, Mykola Lyapin, Kateryna Bilokon, Yanukovych, , Jamie Oliver, , , Oleksiy Koshel, Zelensky’s, Vivek Ramaswamy, Lindsey Graham, , ” Zelenskiy, Valentyn Ogirenko, Graham, Ruslan Stefanchuk, ” Stefanchuk, disenfranchisement, Oleksandr Voitko, Valerii, Maria Kostenko, Victoria Butenko Organizations: CNN —, Republicans, Sunday, Putin, CNN, Zelensky, Kyiv International Institute of Sociology, Russia, United States Congress, Republican Party, South, 47th Brigade, Locations: Ukraine, Kyiv’s, Europe, United States, , South Carolina, Kyiv, Russian, Avdiivka, Italy, Russia
How to check if your solar eclipse glasses are real
  + stars: | 2024-03-29 | by ( Ashley Strickland | ) edition.cnn.com   time to read: +11 min
Otherwise, experts say it’s absolutely necessary to wear certified eclipse glasses or use handheld solar viewers that meet a specific safety standard, known as ISO 12312-2, when watching all other phases of a total or partial solar eclipse. And sunglasses won’t work in place of eclipse glasses or solar viewers. Counterfeit eclipse glasses with black lenses that have straight left and right edges from China (top) are printed with text copied from real eclipse glasses, but the counterfeit glasses are missing the company address. Meanwhile, real eclipse glasses from American Paper Optics (bottom) have reflective lenses with curved left and right edges. Never look through an unfiltered optical device of any kind in this situation, even while wearing eclipse glasses.
Persons: , Rick Fienberg, , ” Fienberg, Ronald Benner, doesn’t, ” Benner, Benner, ‘ I’m, Organizations: CNN, American Astronomical Society, NASA, Planetary Society, American Optometric Association, Astronomical Society, , Optics, APO, Eclipse, Force, , AAS Locations: Mexico, United States, Canada, China, U.S, Cangnan, Europe
At the same time, they've been taking tens of thousands of dollars in corporate PAC money — some of which may be ending up directly in the senators' bank accounts. This story is available exclusively to Business Insider subscribers. Between the 2022 election and the end of 2023, Vance has used $78,000 in corporate PAC contributions to repay campaign debts, while Mullin has done the same with $45,000 in corporate cash. Mullin did the same with 19 corporate PACs, including ConocoPhillips, ExxonMobile, and GlaxoSmithKline. He also promised not to take corporate PAC money during the GOP primary, only to reserve that pledge during the general election against Democratic Rep. Tim Ryan, who did accept corporate PAC money.
Persons: , JD Vance, Markwayne Mullin, they've, Vance, Mullin, Sen, Ted Cruz, Elena Kagan, Cruz, Jordan Libowitz, Republican Sen, Ron Johnson of, Ron Johnson, Shawn Thew, who's, Tim Ryan, didn't, Vance's, Saurav Ghosh, Ghosh Organizations: Service, Sens, Indiana, Business, Texas Republican, Finance, FEC, Citizen, Washington, Capitol, Republican, Getty, Pro, Comcast, Intel, General Motors, Walmart —, ConocoPhillips, GlaxoSmithKline, GOP, Democratic Rep Locations: Ohio, Texas, Ron Johnson of Wisconsin, AFP, Oklahoma, The Ohio, ExxonMobile
Opinion | The Overlooked Truths About Biden’s Age
  + stars: | 2024-03-28 | by ( Frank Bruni | ) www.nytimes.com   time to read: +1 min
In terms of optics and in terms of energy, I wish President Biden were younger. And from the casual conversations all around me and the formal polling of voters, I know I’m in robust company. A great many Americans consider his age unideal, and that belief is why there’s no wishing away the focus on it. Even so, aspects of the subject actually get too little consideration, starting with this crushingly obvious and yet frequently overlooked fact: The presidency isn’t a solo mission. And the president of the United States is only as good as the advisers around him, whose selection reflects presidential judgment, not stamina.
Persons: Biden, There’s, isn’t, brawn Locations: It’s, United States
Yuki Iwamura | Bloomberg | Getty ImagesIn sentencing FTX founder Sam Bankman-Fried to a 25-year prison sentence on Thursday, Judge Lewis Kaplan cited testimony from Caroline Ellison, an ex-girlfriend of the defendant and early recruit into his crypto enterprise. In a Google document from February 2022 shared with the Times, Ellison wrote, "I have been feeling pretty unhappy and overwhelmed with my job. The government presented a series of Signal exchanges involving Bankman-Fried, Ellison, Wang and other top execs. Zoom In Icon Arrows pointing outwards Prosecutors relied heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Prosecutors relied heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried.
Persons: Caroline Ellison, Yuki Iwamura, FTX, Sam Bankman, Judge Lewis Kaplan, Kaplan, Ellison, FTX spiraled, Damian Williams, she's, Fried, District Judge Lewis Kaplan, Jane Rosenberg, SBF Ellison, She'd, Michael Lewis, Caroline, Sam, Lewis, Nishad Singh, Gary Wang, Attorney Thane Rehn, Bankman, Binance, Sam Trabucco, Danielle Sassoon, Wang, SDNY Ellison, Um Organizations: Alameda Research, Bloomberg, Getty, Department of Justice, Manhattan U.S, U.S, District, Federal Court, Reuters, Jane, Stanford, Alameda, The New York Times, Times, Attorney, Google, Alameda's Locations: New York, Manhattan, FTX, New York City, Fried, California, Hong Kong, Bahamas, Alameda
It will be the last total solar eclipse visible in the contiguous U.S. until 2044. When Is the Total Solar Eclipse? What Time Will the Total Solar Eclipse Begin and How Long Will It Last? The total solar eclipse provides an opportunity to study the sun’s corona, or the outermost part of its atmosphere. Is the Total Solar Eclipse Expected to Boost the Economy?
Persons: Bill Nelson, They've, , Pam Melroy, , ” Melroy, Melroy Organizations: NASA, roosters, Eclipse, ” NASA, American Astronomical Society, Perryman Locations: North America, U.S, Mexico, Canada, Newfoundland, Tennessee, Michigan, Texas
I am the backup plan.”Tim Hubbard University of Notre DameNow Boeing needs a backup to the backup. What does the portrait of an ideal leader for Boeing look like? Boeing’s new CEO needs to signal change. Boeing’s new CEO needs to embody the company the board wants Boeing to become. If the new CEO needs a blueprint of what their legacy could look like, they need only read up on the not-so-recent history of Boeing.
Persons: Tim Hubbard, CNN —, Dennis Muilenburg —, Max, David Calhoun, , Tim Organizations: Management, Organization, Mendoza College of Business, University of Notre Dame, CNN, Boeing, Tim Hubbard University of Notre Dame, General Electric, Wall
This 'hidden AI gem' can surge 80%, Baird says
  + stars: | 2024-03-26 | by ( Michelle Fox | ) www.cnbc.com   time to read: +1 min
Semtech is a "hidden AI gem" that is not being appreciated by Wall Street, according to Baird. The firm added the semiconductor manufacturer to its "fresh pick" list and reiterated its outperform rating on Tuesday. Its $40 price target suggests nearly 80% upside from Monday's close. Semtech is "firmly entrenched as the leader" in that space due to its time to market, product performance and depth of customer relationships, Gerra noted. Shares of Semtech were up nearly 7% during midday trading but have fallen 25% over the past 12 months.
Persons: Wall, Baird, Tristan Gerra, Gerra
Cramer's Lighting Round: Becton Dickinson is a buy
  + stars: | 2024-03-25 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon Energy Transfer's year-to-date stock performance. Stock Chart Icon Stock chart icon KKR's year-to-date stock performance. Stock Chart Icon Stock chart icon Becton Dickinson's year-to-date stock performance. Stock Chart Icon Stock chart icon Samsara's year-to-date stock performance. Stock Chart Icon Stock chart icon E.l.f.
Persons: Stock's, Becton, Becton Dickinson, it's, Wes Edens, let's Organizations: Energy, KKR, Rio, Tinto, New Fortress Energy, California Resources, Constellation Energy Locations: California, Beauty's
Russian Telegram channels have showed other mobile election teams across the occupied territories, including some which appear to clearly show Russian soldiers accompanying election officials as they go house to house. Ukrainian officials say intimidation tactics like that are commonplace and are aimed at forcing people to give their vote to Putin. For their part, Russian-installed officials in the occupied territories reported several explosions close to polling stations on Saturday, at least some of which Ukraine appeared to acknowledge. Russia’s election officials have been posting updates on what they say is turnout in the various regions. Ukraine says Moscow will fabricate the final results and insists that the majority of people living under Russian occupation are choosing not to take part in the poll.
Persons: CNN —, Vladimir Putin, Iryna Vereshchuk, ” Vereshchuk, “ We’ve, , fatigues, Putin, Vladimir Rogov, Vladimir Saldo, Saldo Organizations: CNN, RIA Novosti, Russian, Ukrainian, Saturday Locations: Russia, Crimea, Kherson, Zaporizhzhia, Donetsk, Luhansk, Moscow, Avdiivka, Russian, Ukraine, Berdiansk, Kakhovka, Dnipro
A judge issued a disqualification ruling in Fulton County DA Fani Willis from Trump's election interference case. AdvertisementA Georgia judge has ruled that Fulton County District Attorney Fani Willis can continue to oversee former President Donald Trump's historic state election interference case — but only if her top prosecutor steps aside. Related storiesThey both testified at a February 15 evidentiary hearing that the District Attorney has always been fiercely financially independent and paid her own way. The mere appearance of a conflict was strong enough to require removing either Wade or Willis from the case, he wrote. The judge gave District Attorney Fani Willis an option to recuse herself and her office, or for her top prosecutor to withdraw from the case.
Persons: Fani Willis, Willis, Mike Roman, , Donald Trump's, Scott McAfee's, Nathan Wade, McAfee, Wade, SADA Wade, Ashleigh Merchant, Trump's codefendant Mike Roman, Merchant, Trump, Terrence Bradley, Bradley, Terrance Bradley, John Merchant, Adam Abbate, Abbate Organizations: Fulton, Trump, Service, State, Attorney, Roman, DAs Locations: Fulton County, Georgia, Atlanta, Trump's Georgia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussia's war machine has picked up momentum in concert with its increased industrial capacity and decreased Ukrainian resistance, but current Russian manufacturing capabilities and stored combat systems won't last forever, war experts say. Russia's invasion of Ukraine has been a major factor in its ongoing labor shortage, an issue that can affect weapons manufacturing. Many Russian citizens who might have worked key jobs have either enlisted in the military or have fled the country. AdvertisementThe increased capacity of Russia's defense industrial base, ISW said, is "capable of sustaining Russia's current tempo of operations" in the short-term.
Persons: , Forbes, Russia's, ISW, Dara Massicot Organizations: Service, Institute, Business, Street Journal, Royal United Services Institute, Avdiivka, Carnegie Endowment, International Peace's, Eurasia Locations: Russian, Russian Soviet, Russia, London, Ukraine, International Peace's Russia
Beyond the academic argument, whether the Fed cuts interest rates has a significant political bearing this year. Voters are unhappy about higher prices, and they feel weighed down by high interest rates, too. Interest rates may seem abstract, but they can have a real impact on how people view their financial situations. But lowering interest rates should make people feel better about economic conditions and could give Democrats and Biden a boost. He's well aware lower interest rates would boost the economy, lift people's moods, and, ultimately, help the party in charge.
Persons: Jay Powell, — Donald Trump —, Powell, Joe Biden, Patrick McHenry, McHenry, Skanda Amarnath, it's, Larry Summers, Biden, Amarnath, — Trump, Hillary Clinton's, Richard Nixon, Ronald Reagan, Paul Volcker, Volcker, shied, Trump, Elizabeth Pancotti, Sarah Binder, Binder, what's, They've, Diane Swonk, Emily Stewart Organizations: Federal, Trump, Republican, Financial Services, Fed, Roosevelt Institute, George Washington University, Reserve, KPMG US, Business Locations: North Carolina, It's, America, Roosevelt
“The optics are horrific,” Fulton County Judge Robert McBurney said about the fundraiser before disqualifying Willis and her staff from pursuing charges against Jones in July 2022. More recently, Willis admitted to having a “personal relationship” with Nathan Wade, a special prosecutor she hired to help with Trump’s prosecution. Wade hasn’t just billed Fulton County over $650,000 under Willis’ supervision; he’s done so in irregular fashion. Combined with his personal relationship with Willis, they raise significant questions, including whether any of his outsized earnings have benefited Willis. If Willis and Wade step aside, other competent lawyers can make the case that Trump violated the law.
Persons: William Cooper, Substack, Donald Trump, Fani Willis, Sen, Burt Jones, Willis, Robert McBurney, disqualifying Willis, Jones, Nathan Wade, Michael Roman’s, Wade, Attorney Willis, Trump’s, Brad Raffensperger, , ” Trump, Raffensperger, team’s misjudgments, Wade’s, Wade hasn’t, Willis ’, , Scott McAfee, Trump, it’s Organizations: CNN, District, Republican, Trump, Attorney, Fulton County prosecutorial Locations: California, Fulton County , Georgia, Republican Georgia, Fulton County, United States, Georgia, Fulton
DNA test kit horror story
  + stars: | 2024-02-14 | by ( Rob Kuznia | Allison Gordon | Nelli Black | ) edition.cnn.com   time to read: +22 min
The near-absence of laws criminalizing the practice of fertility fraud until recently means no doctors have yet been criminally charged for the behavior. In 2019, Indiana became the second state, more than 20 years after California, to pass a statute making fertility fraud a felony. He added some of his biological children have “expressed gratitude for their existence” to him and even sent him photos of their own children. Cline’s case spurred lawmakers to pass legislation that outlawed fertility fraud but wasn’t retroactive, meaning he was never prosecuted for it. “In fertility fraud, no parent is saying that – no parent is saying I would have gotten an abortion,” she said.
Persons: Hill, , Burton Caldwell, , ” Hill, we’ve, , Jody Madeira, Laura Oliverio, wasn’t, Eve Wiley, Marvin Yussman, Yussman, Victoria Hill, ” Yussman, Dr, Donald Cline, general’s, Cline, Stephanie Bice, Mikie Sherrill, New Jersey Democrat –, Kelly Wilkinson, Katherine L, Kraschel, Julia T, Woodward, Laura High, we’re, ’ Let’s, it’s, let’s, OBGYN Narendra Tohan, isn’t, Tohan, , Janine Pierson, Doreen Pierson, Caldwell –, Doreen, Alyssa Denniston, Caldwell, Pierson, ” Pierson, she’d, doesn’t, texted, Jamie LeRose, Maralee Hill, Victoria, Sean Tipton, Tipton, Caldwell “, didn’t Organizations: CNN, Indiana University, Savin Rock, CNN CNN, Netflix, Oklahoma Republican, New, New Jersey Democrat, Indianapolis Star, DC, Northeastern University, Duke University Health System, CNN Fertility, United, American Society for Reproductive Medicine, Seagulls Locations: Connecticut, Savin Rock Beach, West Haven , Connecticut, Indiana, California, Kentucky, Wethersfield , Connecticut, Oklahoma, New Jersey, Indianapolis, Wethersfield, New Britain, Madeira, Yale, Victoria, Hartford , Connecticut, Victoria Hill's, Norwalk, Norway, Germany, United States, Cheshire, New Haven
White House and Biden allies have taken aim at Hur for what they view as a gratuitous characterization of the president. White House Counsel Ed Siskel and Robert Bauer, the president’s personal attorney, were in the White House Map Room for the president’s interview with Hur, people briefed on the matter said. It was a mistake for the White House to “put him out on weakness and not strength,” one administration official said. White House officials stood by the forcefulness of the White House’s pushback to Hur’s report, saying not only did Biden take questions from reporters Thursday night, but the next day, White House counsel spokesman Ian Sams joined the press briefing. The White House has also sent a letter to the White House Correspondents’ Association taking issue with news coverage of the Hur report, the officials pointed out, while the Biden campaign has pointed to allies and legal experts questioning aspects of the report that the White House sees as problematic.
Persons: Joe Biden, Robert Hur’s, Hur, Biden, They’re, Donald Trump, Mr, Ed Siskel, Robert Bauer, Robert Mueller’s, Trump, Benjamin Netanyahu, Trump’s, , , , Beau, Karine Jean, Pierre said, Anita Dunn, Mike Donilon, Jeff Zients –, Ian Sams, CNN’s Edward, Isaac Dovere Organizations: CNN —, missteps, White, Biden, , National Archives, FBI, White House, Justice, CNN, Trump, Justice Department, Democratic, Hur’s, , CBS News, TikTok Locations: Israel, Surprise
Read previewThis is an as-told-to story with Rebecca Morassutti, a virtual assistant. I wanted to work remotely and have flexible hours, so I started thinking about starting an online business. I turned up my nose at virtual assisting at firstGoogling online businesses for digital nomads led me to virtual assistant, or VA, work. The moment I got back to my desk, I started looking for any virtual assistant work I could do. Getting paid to learn is my favorite part of being a virtual assistant.
Persons: , Rebecca Morassutti, wasn’t, I'd, I've, , I’ve Organizations: Service, Business
But while the last crisis was all about interest rate risk, this one revolves around the $20 trillion commercial real estate market. What’s happening: After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. The increase was driven partly by expected losses on commercial real estate loans, it said. “As losses from a [commercial real estate] loan portfolio accumulate, they can spill over into the broader financial system,” they wrote. “There’s some smaller and regional banks that have concentrated exposures in these areas that are challenged and we’re working with them,” he said.
Persons: It’s, Goldman Sachs, Anna Cooban, Janet Yellen, Jerome Powell, Gary Gensler, , Chip Somodevilla, She’s, Powell, , ” McDonald’s, McDonald’s, Jordan Valinsky, Samantha Murphy Kelly, “ We’ve Organizations: CNN Business, Bell, New York CNN, New York Community Bancorp, US Regional Bank, Japan’s Aozora Bank, Deutsche Bank, Canadian Public Pension Investment Board, Boston Properties, US Securities and Exchange, Financial, Biden, Senate, CBS, Verizon, Old Telephone Service, landlines, UK, Consumers, CNN, California Public Utilities Commission Locations: New York, Manhattan, Boston, Washington ,, East, United States, California, France, California ”
AdvertisementA paper entrepreneur has faced backlash and seen his company's reviews tank after he left critical comments on an influencer's Instagram page using his official business account. "Must be a tough life living life on easy mode," it said. She then assumed it had been hacked, so she emailed the company's CEO, Brandon Howard, to let him know. #fypp ♬ Aesthetic - Tollan KimAccording to Sudan, Howard responded to her email, but not in the way she expected. Sudan told BI since her final video, Howard has tried to remediate the situation through her own workplace by reaching out to her boss.
Persons: influencer, , she'd, Brandon Howard, Kim, Howard, I've Organizations: Service, Business, Company, BI Locations: Sudan, ParchmentPaper.com, California
CNN —More people who are still using telephone landlines will soon need to decide if they want to finally hang up on their service. That’s part of a sweeping move by phone service providers to replace older copper wire-based telephone systems lines, also known as Plain Old Telephone Service (POTS), with faster and more advanced technology that doesn’t work with landlines. In the United States, the shift away from copper landlines will most likely impact people over age 65 and small business owners. “Traditional landline telephone service is the most dependable communications tool currently available in rural communities and is vital to reliably accessing 9-1-1,” he said. Because phone service workers will need to be deployed during the removal process, this could extend the completion time.
Persons: CNN —, “ We’ve, , , Lisa Pierce, Patrick Blacklock, ” Pierce, Will McKeon, White, ” McKeon Organizations: CNN, Verizon, Old Telephone Service, landlines, UK, Consumers, California Public Utilities Commission, Gartner, California, Federal Communications Commission, Forrester Research Locations: California, France, California ”, United States, Pennsylvania, Rural County
Generative AI Neural networks are the heart of the increasingly popular type of AI known as generative artificial intelligence , or gen AI for short. Both traditional AI and gen AI systems rely on data and can be used to automate decision-making tasks. Microsoft's AI virtual assistant Copilot — which went live in November — is perhaps the most prominent generative AI feature among our portfolio companies. Bias Bias is another downside to AI systems — and LLMs in particular — that users need to consider. While GPUs have the upper hand in AI training, CPUs are understood to perform AI inference well.
Persons: OpenAI's, , We've, that's, Chirag Shah, Shah, Mark Riedl, Bruce Springsteen, Einstein, Copilot —, Springsteen, OpenAI, it's, Riedl, Harry Potter, I've, ChatGPT, University of Washington's Shah, there's, he'd, Georgia Tech's Riedl, LLMs that's, Georgia Tech's, Meta, Grace Hopper Superchip, Jim Cramer's, Jim Cramer, Jim Organizations: Broadcom, Microsoft, Meta, Nvidia, Apple, Chirag, University of Washington, Google, Georgia Tech's School of Interactive Computing, YouTube, Netflix, Amazon, Facebook, Reuters, U.S, University of Washington's, OpenAI, New York Times, Club, Jim Cramer's Charitable, CNBC Locations: Silicon Valley, Barcelona, U.S, WhatsApp, Istanbul, Georgia
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