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☆ Stock market today: US stocks edge lower ahead of Apple event, economic data
▼ + stars: | 2024-06-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks fell as bond yields increased ahead of a big week of updates for the market. Investors are eyeing Apple's WWDC event, a Fed meeting, and key inflation reports this week. The Fed is expected to leave rates unchanged but officials will offer more insight into future moves. AdvertisementUS stocks edged lower while bond yields rose ahead of a big week for the market. Investors will have to navigate Apple's WWDC event, a Federal Reserve meeting, and multiple inflation reports this week, all of which could shake up stock prices.

Persons: —, David Morrison Organizations: Service, Investors, Reserve, CPI, Fed, Trade Nation

☆ Exclusive: Healthcare AI startup Regard just raised a Series B round from top VC firm Oak HC/FT
▼ + stars: | 2024-06-10 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +1 min

Healthcare AI startup has closed a $30 million Series B funding round, Business Insider has learned. The startup is rumored to have landed a $350 million valuation, with Oak HC/FT leading the raise. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A hot AI startup just grabbed Series B funding in that competitive market. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Oak HC, FT, Service, Business

☆ Starbucks' Howard Schultz talks Steve Jobs screaming at him and wishing he'd trademarked the latte in a new podcast
▼ + stars: | 2024-06-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +10 min

Starbucks didn't sell its own coffee early on"When Starbucks opened in Pike Place Market in 1971, they were using Peet's Coffee. Howard Shultz is going to acquire Starbucks Coffee Company, and he's never going to hear from you again." Together the trio made the "huge decision" to sell Starbucks coffee in Costco, which sparked a "revolt inside the halls of Starbucks," Schultz said. Related storiesThe former Starbucks CEO faced similar blowback when he agreed to let United Airlines serve his company's coffee. "We're not a beverage company serving coffee, we are a coffee company serving people.

Persons: —, Howard Schultz, Schultz, Bill Gates, Steve Jobs, Costco's, Bernard Arnault, Lavazza, I've, Samuel Stroum, it's, Howard Shultz, he's, Brian Ach, latte, Jeff Brotman, Jim Sinegal, they've, Coke, Pepsi, Steve, Justin Sullivan, Blackstone, Alexandre, Louis Vuitton, Alexandre Arnault, Donato Sardella, Louis Organizations: Service, Starbucks, Business, Pepsi, Microsoft, Starbucks Coffee Company, Costco, United Airlines, Starbucks Facebook, Staff, Getty, Tiffany's, Louis Vuitton Locations: Coke, Pike, San Francisco, Seattle, Chicago, America, Costco, Atlanta, New York, Apple's, California, Mobile, Italy, Milan

☆ Narendra Modi’s India
▼ + stars: | 2024-06-06 | by ( Alex Travelli | ) www.nytimes.com time to read: +1 min

Despite having led India for a decade, Modi has in some ways kept his country guessing about his vision. On major issues — India’s relationships, its economy, its society and its government — it’s still unclear what sort of country Modi wants India to be. India has spent recent years deepening its relationship with the United States. It has gotten closer to American allies, including Japan and Australia, and ordered high-end American weapons systems — the kind that create dependence down the road. After Russia invaded Ukraine, the United States tried in vain to persuade India to take a stand against the war.

Persons: Narendra Modi, Modi, — it’s Locations: India, United States, Japan, Australia, China, Beijing, U.S, Russia, Ukraine

☆ NY Gov Hochul delays controversial NYC congestion pricing plan ‘indefinitely’
▼ + stars: | 2024-06-05 | by ( Gloria Pazmino | ) edition.cnn.com time to read: +6 min

A source familiar with the Governor’s plan said Hochul pushed for the delay due to concerns about affordability and the potential impact to the city’s post-pandemic economic recovery. New York’s congestion pricing would have been the first of its kind in the United States. “As a longtime champion of Congestion Pricing and the Congressional Representative of a significant portion of the Central Business District (CBD), I am disappointed by reports that Governor Hochul will not implement Congestion Pricing on June 30, as previously planned,” Nadler said in a statement. “For years, Leader Hakeem Jeffries has maintained neutrality with respect to the congestion pricing policy debate. Congestion pricing is a $15 billion lifeline for the MTA – critical funding that will be lost if the program is stalled,” the group said in a statement.

Persons: Kathy Hochul, ” Hochul, Hochul, John Samuelsen, CNN Hochul, ” Samuelsen, Joe Borelli, ” Borelli, ”, Ritchie Torres, Jerry Nadler, ” Nadler, Hakeem Jeffries, Andy Eichar, “, Jeffries, ” Eichar Organizations: CNN, New, Yorkers, The New, Metropolitan Transportation Authority, Transport Workers Union, Republican, “, Rep, Democrat, Congressional, Central Business, Transportation, MTA Locations: New York City’s, Manhattan, United States, London, Stockholm, The, The New York City, Staten Island, Hudson, Brooklyn, New York State

☆ Opinion | Alito No Longer Tries to Hide His Theocratic Worldview
▼ + stars: | 2024-06-04 | by ( Jesse Wegman | ) www.nytimes.com time to read: +2 min

Alito has long made clear his special solicitude for religious claims, whether before the court or on the flagpole outside his house. Still, it should shock us to hear him lay out his worldview so bluntly — and to a woman he never met before. It shows an utter lack of regard for the court’s delicate posture of neutrality in the constitutional system and American society. For a long time, Alito seemed like an outlier on the court, lobbing his sour, grievance-filled dissents from the sidelines. In that regard, this is really the Alito court.

Persons: Roberts, Samuel Alito can’t, “, ”, Alito, Mike Johnson, theocrats Locations: godliness

☆ Why this AI researcher thinks there's a 99.9% chance AI wipes us out
▼ + stars: | 2024-06-04 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

For example, a recent study conducted with 2,700 AI researchers indicated there's only a 5% chance that AI will lead to human extinction. The AI researcher teaches computer science at the University of Louisville and just came out with a book called "AI: Unexplainable, Unpredictable, Uncontrollable." Yampolskiy said he finds that unlikely since no AI model has been completely safe from people attempting to get the AI to do something it wasn't designed to do. AdvertisementGoogle AI Overviews, based on Google's Gemini AI model, is the latest product rollout that didn't stick the landing. The CEO of ChatGPT developer OpenAI, Sam Altman, has suggested a "regulatory sandbox" where people experiment with AI and regulate it based on what "went really wrong" and what went "really right."

Persons: —, Lex Fridman, Fridman, Roman Yampolskiy, Yampolskiy, they've, Biden, Sam Altman, Altman, there'll, ChatGPT, Elon Musk, Eric Schmidt, Schmidt Organizations: Service, Business, University of Louisville, Google Locations: Africa

☆ Most AI researchers say the chance it will wipe out humanity is pretty low. But this AI researcher pegs it at 99.9%
▼ + stars: | 2024-06-03 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

☆ Kylian Mbappe’s Real Madrid transfer: The full inside story
▼ + stars: | 2024-06-03 | by ( Mario Cortegana | ) www.nytimes.com time to read: +12 min

Real Madrid have been trying to land Kylian Mbappe for years — and now they finally have their man. Several meetings were held on the matter, but some senior figures at Madrid were not convinced it was a good idea. First of all, there were concerns the club’s interests could be damaged again after Mbappe’s rejection two years ago. On February 13, a Tuesday, Real Madrid played away against RB Leipzig in the first leg of a Champions League last-16 tie. In his acceptance speech, he did acknowledge Al-Khelaifi, who in 2021, 2022 and 2023 repeated that his star player would not leave PSG for free.

Persons: Mbappe, Germain, —, Madrid, Florentino Perez, “, ” Mbappe, Nasser Al, Khelaifi, ”, –, Vinicius Junior, Jude Bellingham, Perez, Jose Angel Sanchez, Sanchez, Angel Martinez, Vinicius Jr, waiving, PSG’s, Franck Fife, Carlo Ancelotti, Mbappe’s, Fayza Lamari, Mustafa Yalcin, Luis Enrique, Le Parisien, Hala Organizations: Real, Paris Saint, Santiago Bernabeu, PSG, Toulouse, Trophee des, Ligue, Athletic, Supercopa de Espana, Madrid, France, Getty, Real Madrid, RB Leipzig, Champions League, Borussia Dortmund Locations: Real Madrid, Madrid, Santiago, England, Spanish, Paris, Saudi Arabia, France, AFP, Germany, Barcelona, Anadolu, Mbappe, Monaco, Hala Madrid

☆ Israel’s Offensive in Southern Gaza Strains Ties With Egypt
▼ + stars: | 2024-06-03 | by ( Vivian Yee | Emad Mekay | ) www.nytimes.com time to read: +4 min

That would deal a further blow to a relationship that Israel’s military offensive in southern Gaza had already brought to its lowest point in decades. For Israel, too, more than four decades of a so-called “cold peace” with Egypt has proved to be an essential pillar of national security. Egypt’s patience with Israel’s military moves is wearing dangerously thin, as it has repeatedly made clear. That border point, the main conduit for aid and other supplies during the war, lies between Egypt and Gaza but was recently occupied by Israel, drawing public outrage in Egypt. Egypt has refrained from taking more serious steps to respond to Israel’s moves, such as withdrawing its ambassador from Tel Aviv.

Persons: mouthpieces, Israel, Egypt’s, Gazans, Camp David, ” Ahmed Moussa, Moussa, ”, Mr, ” Isabel Kershner Organizations: Egyptian, International Court, Camp, Camp David Accords, Al, Egypt’s, Muslim Brotherhood, Hamas Locations: Egypt, Gaza, Cairo, Israel, Rafah, Tel Aviv, ”

☆ Tschabalala Self is an artist expanding what it means to paint
▼ + stars: | 2024-06-02 | by ( Suyin Haynes | ) edition.cnn.com time to read: +8 min

CNN —Both a source of inspiration and a place to ground herself, Harlem holds a special meaning for the artist Tschabalala Self. Tschabalala Self Paula Virta/Courtesy the artist/EMMA -- Espoo Museum of Modern ArtSelf’s own relationship with the concept of home has evolved in recent years. This conversation with the traditional western canon of painting is ongoing for Self, and influences other facets of her work. In thinking about the concept for “Lady in Blue,” Self considered the increased attention on monuments, particularly in recent years. But the commission also represents much more than the sculpture’s identity or physicality alone, added the artist.

Persons: Tschabalala, ”, Black, “, I’ve, —, Paula Virta, EMMA, Anthurium, ” Paula Virta, domesticity, it’s, Leon Neal, “ It’s, ” Tschabalala, EMMA – Organizations: CNN, Espoo Museum of Modern Art, Espoo Museum of Modern, MoMA, Hammer, Self, Saastamoinen, Museum of Modern Art Locations: Harlem, Manhattan, New York, Finland, ”, Espoo, New York City, Trafalgar, London, American

☆ 3 ways to make your next job hunt easier in the age of AI, from a career coach with 25 years experience
▼ + stars: | 2024-06-02 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Career coach Shari Santoriello, who has been working in the industry for 25 years, knows it; she sees it all the time. She noted that nobody likes to hear that, but you can make it easier for yourself by creating what some people call a résumé vault or master résumé. Highlight those things that make you distinctive with regard to what the job description is asking for," Santoriello told Business Insider. Related storiesOn average, Santoriello estimates, job seekers have roughly five seconds when a hiring manager looks at their résumé. "When you write your résumé toward the new industry, you want to use the industry specific language," Santoriello said.

Persons: Shari Santoriello, Santoriello, it's, you've, there's, I'm Organizations: Service, Business, Google, LinkedIn

☆ A complete timeline of Prince Harry and Meghan Markle's rift with Prince William and Kate Middleton
▼ + stars: | 2024-05-31 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

The palace denied a report that the Sussexes had been "bullied" out of the royal family. Years later, Harry said he never gave permission for his name to be included on the statement. The royal family together on Christmas Day 2017. English added that it was made "clear from my conversations this morning that BOTH brothers are deeply, deeply unhappy about suggestions that Harry feels he has been 'bullied' out of the Royal Family by William." In his Netflix docuseries, which aired in December 2022, Harry said he had only been told about the statement after it was released.

Persons: Harry, Chris Jackson, Duke, Sussex, Cambridge, Rebecca English, William ., Meghan, Duke of Cambridge Organizations: The Times, Netflix, Huffington Post Locations: The

☆ Philippine president says killing of a Filipino in South China Sea clash would be ‘very close’ to act of war
▼ + stars: | 2024-05-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Philippines' President Ferdinand Marcos Jr. delivers a speech during the 21st Shangri-La Dialogue summit in Singapore on May 31, 2024. The president said should such an incident happen by willful action, it would "increase the level of response [by the Philippines]," and come "very, very close to what we define as an act of war." In late March, the Philippines accused a China Coast Guard vessel of utilizing its water cannon on a Filipino ship travelling to the Second Thomas Shoal, injuring three Filipino sailors. Earlier that month, the China Coast Guard was accused of a water cannon attack that left four Filipino crew members injured by broken glass. Beijing claims almost all of the South China Sea as its waters, despite a 2016 ruling by the Permanent Court of Arbitration that said that China's claims has no basis under international law.

Persons: Ferdinand Marcos Jr, Marcos, Thomas Shoal Organizations: Chinese Coast Guard, Guard, U.S ., Philippines Mutual Defense, China Coast Guard, China's coastguard Locations: Philippines, Singapore, South, U.S, Manila, South China, China

☆ Supreme Court Justice Alito rejects calls to recuse from Trump, Jan. 6 cases
▼ + stars: | 2024-05-29 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

Associate Justice Samuel Alito poses during a group photo of the Justices at the Supreme Court in Washington, April 23, 2021. Supreme Court Justice Samuel Alito on Wednesday rejected Democratic lawmakers' requests that he recuse himself from key cases related to former President Donald Trump and the Jan. 6, 2021, Capitol riot following reports that flags linked to Trump's supporters were flown at his properties. "I was not aware of any connection between that historic flag and the 'Stop the Steal Movement,' and neither was my wife," Alito wrote. Trump, who is awaiting a verdict in his criminal hush money trial in Manhattan Supreme Court, applauded Alito for declining to remove himself from the case. "Congratulations to United States Supreme Court Justice Samuel Alito for showing the INTELLIGENCE, COURAGE, and 'GUTS' to refuse stepping aside from making a decision on anything January 6th related," Trump wrote in a post on Truth Social .

Persons: Samuel Alito, Donald Trump, Alito, Joe Biden, Rather, Jack Smith, Trump, —, Martha, Ann Alito, Dick Durbin, Durbin, Sen, Sheldon Whitehouse Organizations: Supreme, Wednesday, Democratic, Capitol, New York Times, Times, Alito, United States Supreme Locations: Washington, Virginia, Alexandria , Virginia, Long Beach, , New Jersey, Manhattan

☆ Opinion: Mexico is about to elect its first woman president. The US isn’t heading in that direction anytime soon
▼ + stars: | 2024-05-29 | by ( Opinion Alice Driver | ) edition.cnn.com time to read: +8 min

While he has stated support for Roe v Wade, in 2023, at a fundraiser Biden said, “I’m a practicing Catholic. Feminist activists demonstrate in favor of the decriminalization of abortion on International Safe Abortion Day, in Mexico City, September 2023. Silvana Flores/AFP/Getty ImagesFor decades, abortion was criminalized in Mexico, while in the US the constitutional right was established in the Roe v. Wade decision in 1973. Since the Supreme Court overturned Roe v. Wade, more than 20 US states ban or restrict abortion. I never imagined that.”In the US, I wonder if I will see a woman elected as president in my lifetime.

Persons: Alice Driver, ”, Mexico’s, Alice Driver Luis_Garvan, Claudia Sheinbaum, Xóchitl, “, Donald Trump, Andrés Manuel López Obrador, Sheinbaum, Susan Segal, Trump, Stormy Daniels, Roe, Wade, Biden, “ I’m, I’m, Roe America, Silvana Flores, Verónica Cruz, ” Cruz Organizations: American Worker, Meatpacking Company, New Yorker, The New York, Oxford American, CNN, CNN —, Mexico City, Society, Americas, Roe, Getty, Mexico’s, America –, Trump, Biden, Young Texas Locations: Mexico, New, United States, New York, Roe, Mexico City, AFP, Arkansas, America, America – Mexico, Argentina, Colombia, Mexican

☆ Samuel Alito's story about the upside-down flag fiasco isn't fully adding up
▼ + stars: | 2024-05-29 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

"My wife is fond of flying flags," Alito wrote. Alito said he asked his wife to take the flag down "as soon as I saw it," but for "several days," she refused. A second flagAlito's explanation for why his wife raised the upside-down flag in January 2021 also doesn't account for the second controversial flag now tied to the couple. The Times reported this month that an "Appeal to Heaven" flag was flown outside Alito's New Jersey beach house as recently as last summer. He said neither he nor his wife were aware the flag had any association with the "Stop the Steal" movement.

Persons: —, Samuel Alito, Alito, Donald Trump, Trump, Martha, Ann Alito, Emily Baden, Samuel Alito Chip Somodevilla, shouldn't Organizations: Service, Business, Trump, New York Times, Capitol, Times, Washington Post Locations: Alito's Virginia, Vietnam, Virginia, Alito's New Jersey

Louisville, Kentucky CNN —All charges against Scottie Scheffler have been dismissed less than two weeks after the world No. “Based upon the totality of the evidence, my office cannot move forward in the prosecution of the charges filed against Mr. Scheffler,” County Attorney Mike O’Connell said Wednesday in court. “He’s glad it’s over,” Romines said of Scheffler, who lives in Texas and had permission to miss Wednesday’s hearing. It appears to show an officer read Scheffler his Miranda rights before questioning the golfer about the incident. The officer, Detective Bryan Gillis, stopped Scheffler and attempted to give instructions.

Persons: Scottie Scheffler, Scheffler, Mike O’Connell, “ Mr, Anne Delahanty, –, ”, “, ” Scheffler, Steve Romines, Romines, “ He’s, ” Romines, WLKY, John Mills, Xander Schauffele, Louisville Mayor Craig Greenberg, Miranda, “ LMPD, Scheffler’s, ” Scottie Ellis, Mayor Greenberg, ” Ellis, Valhalla –, Dwight Mitchell, ESPN –, Bryan Gillis, Gillis, Jacquelyn Gwinn, Villaroel, Steve Almasy, Gloria Pazmino, Jill Martin, Jack Bantock, Eric Levenson, Ray Sanchez, Andy Rose Organizations: Kentucky CNN, PGA, Mr, “ Police, Jefferson, CNN, Louisville Metro Police Department, Valhalla Golf, PGA of America, Louisville Mayor, Valhalla Golf Club, ESPN, Louisville Police Locations: Louisville, Kentucky, Jefferson County, ” County, Texas, Louisville , Kentucky, Romines, Jefferson, Valhalla

☆ An intensifying Republican-led legal campaign alleging big advertisers colluded to defund conservative media is rankling the ad industry
▼ + stars: | 2024-05-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

The Judiciary Committee's probe has sought documents related to discussions about advertising on "The Joe Rogan Experience" podcast. GARM and its members developed a "brand safety floor and suitability framework" for the industry to adopt. Jordan and the House Judiciary Committee issued wide-ranging subpoenas to both GARM and the WFA last year as part of the probe. The CEOs were also told to preserve all existing and future records related to their companies' work with GARM. Advertisement"GARM's members and board members are senior advertisers," a marketing executive close to GARM said.

Persons: —, Jim Jordan, GARM, Sherman, Jordan, Ørsted, Joe Rogan, Elon, Vivian Zink, Ørsted didn't, Rob Rakowitz, Unilever —, Breitbart, Joe Rogan's, Ben Shapiro, Michael Brochstein, Jim Jordan's, Lou Paskalis, Ad Fontes Media's Paskalis, Paskalis Organizations: Service, Global Alliance, Responsible Media, Business, Spotify, Syfy, NBCU, Getty, World Federation, YouTube, WFA, Diageo, GroupM, Procter, Gamble, Unilever, Steer Team, Fox News, Daily, Republican, Federalist, US Department of State, Ad Fontes Media Locations: Ohio, GARM, Jordan, Texas

☆ Ancient Egyptian medicine may have included cancer surgery, skull analysis reveals
▼ + stars: | 2024-05-29 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +7 min

Now, new evidence from a skull more than 4,000 years old has revealed that ancient Egyptian physicians may have tried to treat certain cancers with surgery. “We can see that ancient Egyptian medicine was not solely based on herbal remedies like medicine in other ancient civilizations,” said Badr, who was not involved in the new research. “There is an urgent need to reevaluate the history of Egyptian medicine using these scientific methodologies,” Badr said. The earliest recorded observation of cancer is in an ancient Egyptian medical text known as the Edwin Smith Surgical Papyrus, which dates back to around 3000 BC to 2500 BC. But there was none for the breast cancer patient’s tumors, Camarós said.

Persons: ”, Edgard Camarós, Camarós, ” Camarós, Isidro, Ibrahem Badr, Badr, Duckworth, ” Badr, Edwin Smith Surgical, Edwin Smith, “, ” Mindy Weisberger Organizations: CNN — Cancer, Laboratory, University of Cambridge, University of Santiago, CNN, Misr University for Science, Technology, Duckworth Laboratory, Scientific Locations: Egypt, United Kingdom, Medicine, University of Santiago de Compostela, Coruña, Spain, Camarós, Giza, Europe, United States

☆ Former federal judge blasts John Roberts in new book and says Ruth Bader Ginsburg was annoyed by pressure to retire
▼ + stars: | 2024-05-29 | by ( Joan Biskupic | ) edition.cnn.com time to read: +8 min

The Supreme Court, Tatel wrote, has “kicked precedent to the curb” and become “a tragedy” for civil rights and the rule of law. He said she revealed early dealings among justices that eventually led to the milestone 2013 Shelby County v. Holder decision undermining the Voting Rights Act. ‘John Stevens didn’t step down until he was ninety,” Tatel wrote. He served as director of the Chicago Lawyers’ Committee for Civil Rights Under Law and then as director of the National Committee. During the Jimmy Carter administration, he led the Office of Civil Rights at the Department of Health, Education and Welfare.

Persons: David Tatel, ”, John Roberts, Bill Clinton, Tatel, Roberts, Ruth Bader Ginsburg, Holder, Ginsburg, –, ’, ‘ John Stevens didn’t, ” Tatel, “, Ruth, Hillary Clinton, Donald Trump, Obama, …, Trump, Amy Coney Barrett, Roe, Wade, Dobbs, Justice Ginsburg, “ I’ve, Jimmy Carter, Clinton, ” Roberts, Dick Cheney, “ …, Scalia, Cheney, ‘, David, Joe Biden, I’ve Organizations: CNN, Democrat, Jackson, Health Organization, Chicago Lawyers ’, Civil, Law, National Committee, Department of Health, Education, Welfare, DC Circuit, US Department of Justice, Northwest Austin, Civil Rights Movement, Court, Supreme Locations: County, Washington, Shelby County, Northwest, Northwest Austin

☆ Three European Countries Formally Recognize Palestinian Statehood
▼ + stars: | 2024-05-28 | by ( Cassandra Vinograd | ) www.nytimes.com time to read: +1 min

Three European nations formally recognized an independent Palestinian state on Tuesday, drawing the ire of Israel as it continued to press its military offensive in Gaza. The previously announced moves by Spain, Norway and Ireland are largely symbolic, but serve as a rebuke to Israel in the face of mounting international frustration over the country’s military offensive in Gaza and its occupation of Palestinian territories over the years. Growing concern over the civilian death toll could prompt more nations to follow suit, analysts say. Israel’s foreign minister, Israel Katz, on Tuesday accused Spain’s prime minister, Pedro Sánchez, of complicity in incitement against Jews for his role in recognizing a Palestinian state. “Furthermore, our decision reflects our absolute rejection of Hamas, a terrorist organization that is against a two-state solution.”

Persons: Israel, Israel Katz, Spain’s, Pedro Sánchez, Sánchez, ” Locations: Gaza, Spain, Norway, Ireland, Israel, Rafah, Palestinian, Palestine, Madrid

☆ GPT-4 is better than humans at financial forecasting, new study shows
▼ + stars: | 2024-05-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

OpenAI's GPT-4 is better than humans at analyzing financial statements and making forecasts, according to a new study. "Even without any narrative or industry-specific information, the LLM outperforms financial analysts in its ability to predict earnings changes," the study found. AdvertisementOpenAI's GPT-4 proved to be a better financial analyst than humans, according to a new study. "Even without any narrative or industry-specific information, the LLM outperforms financial analysts in its ability to predict earnings changes," the study said. AdvertisementThe study utilized "chain-of-thought" prompts that directed GPT-4 to identify trends in financial statements and calculate different financial ratios.

Persons: OpenAI's GPT, —, OpenAI's, Sharpe Organizations: Service, Booth School of Business, University of Chicago

☆ Market crash indicator with spotty track record 'Hindenburg Omen' triggered last week
▼ + stars: | 2024-05-28 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The ominous "Hindenburg Omen" was triggered last week, StockCharts.com chief market technician David Keller noted Monday. .SPX YTD mountain S & P 500 "It has a track record of calling major market tops so when the Hindenburg Omen fires it's something that investors should take note of. The Russell 2000 is up just 2.5% in 2024, while the S & P 500 has advanced 11%. If anything, the technician regards the Hindenburg Omen more as an indicator of new market leadership than a harbinger of a downturn. A loss of the consumer discretionary sector, which makes up roughly one-tenth of the S & P 500, could mean a deeper drawdown of 10% to 20% in the index.

Persons: David Keller, JC O'Hara, Roth, O'Hara, Russell, He's Organizations: Street, Dow Jones

☆ Latest Israel, Gaza and Rafah News: 3 Countries to Formally Recognize Palestinian Statehood
▼ + stars: | 2024-05-28 | by ( Cassandra Vinograd | ) www.nytimes.com time to read: +3 min

Top NewsThree European nations are formally recognizing an independent Palestinian state on Tuesday, drawing the ire of Israel as it continues to press its military offensive in Gaza. The previously announced moves by Spain, Norway and Ireland are largely symbolic, but serve as a rebuke to Israel in the face of mounting international frustration over the country’s military offensive in Gaza and its occupation of Palestinian territories over the years. Israel’s foreign minister, Israel Katz, on Tuesday accused Spain’s prime minister, Pedro Sánchez, of complicity in incitement against Jews for his role in recognizing a Palestinian state. Image Prime Minister Pedro Sanchez of Spain announcing Spain’s recognition of a Palestinian state, in a bar in Madrid on Tuesday. The White House has flatly rejected unilateral recognition of Palestinian statehood, with Adrienne Watson, a National Security Council spokeswoman, saying that President Biden “believes a Palestinian state should be realized through direct negotiations between the parties.” Aaron Boxerman , Steven Erlanger and Emma Bubola contributed reporting.

Persons: Israel, Israel Katz, Spain’s, Pedro Sánchez, Sánchez, ”, Pedro Sanchez of Spain, Susana Vera, Jonas Gahr, Adrienne Watson, Biden “, ” Aaron Boxerman, Steven Erlanger, Emma Bubola Organizations: ., Reuters, Palestinian, Israel, National Security Council Locations: Gaza, Spain, Norway, Ireland, Israel, Rafah, Palestinian, Madrid, Palestine, United States, Europe

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