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SCOTTSDALE, Ariz. (AP) — Scottie Scheffler surged into contention to win a third straight Phoenix Open on Sunday, overcoming a huge mistake on the 18th hole to shoot a 5-under 66 in the weather-delayed third round. Scheffler was at 13 under, two shots behind Sahith Theegala and Nick Taylor as players struggle to avoid a Monday finish amid a second straight week of weather issues on the PGA Tour. Theegala matched Taylor's two-putt birdie on the short par-4 17th to tie for the lead and shot 69. Charley Hoffman had four straight birdies to close out a 64 and was tied with Andrew Novak at 14 under. A long weather delay pushed the first round into Friday, and the tournament has tried to play catchup ever since.

Persons: Scottie Scheffler, Scheffler, Sahith Theegala, Nick Taylor, Steve Stricker, Taylor, Theegala, Charley Hoffman, Andrew Novak, catchup, Zach Johnson, Tom Hoge, ___ Organizations: PGA, John Deere, Scottsdale Locations: SCOTTSDALE, Ariz

☆ The latest way workers want to upend the workplace is a blast from the past
▼ + stars: | 2024-02-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

What's on deck:This story is available exclusively to Business Insider subscribers. Long considered the bane of white-collar workers' existence, people now view cubicles as a sanctuary instead of a jail cell. AdvertisementCalling for a return to the cubes might seem odd when so many are pushing to evolve the workplace. Experts told Business Insider that a wave of retiring Boomers means the generation will soon be at "peak burden" to the economy. Get in touchAdvertisementinsidertoday@insider.comTo read unlimited articles, subscribe to Business Insider.

Persons: —, It's, Rebecca Zisser, Long, Kelli María Korducki, haven't, Korducki, cubicles, Ken Griffin, Vernon Yuen, Jerome Powell, Donald Trump, buybacks, Tammi Jantzen, Joe Rogan, Both Rogan, BI's Peter Kafka, Jenny Chang, Rodriguez, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Business, Corporate, Citadel, Getty, Federal Reserve, Deutsche Bank, Spotify, Bureau of Labor Statistics, Boomers, Caterpillar Inc Locations: Silicon Valley, Wellington, Astarte, China, New York, London

☆ Why parts of the ‘Magnificent 7’ are losing their luster
▼ + stars: | 2024-02-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +6 min

After turbocharging late 2023's stock market rally, some of the " Magnificent 7 " technology darlings are looking less magnificent this year. Shares of Meta and Nvidia are leading the Magnificent 7 for the year, with both stocks jumping roughly 34% each. The rest of the Magnificent 7 stocks, however, have received anywhere from 70% to 85% buy rating consensus. While the other five are forecast to see at least double-digit earnings growth estimates, analysts predict Apple's earnings growth to stay relatively unchanged. On the other hand, consensus estimates call for Tesla earnings to fall by 20%.

Persons: turbocharging, Tesla, Art Hogan, Hogan, Baird, Elon Musk's, Ben Kallo, Tim Long, Piper Sandler, Harsh Kumar, Charles Schwab, Kevin Gordon, Gordon, Ed Yardeni, isn't, Yardeni, Russell, Fred Imbert Organizations: Nvidia, Meta, Microsoft, Apple, Wall Street, Riley Wealth Management, CNBC, BYD, Barclays, Blips, Yardeni Research, titans Locations: Delaware, China

☆ It's a make-or-break week for the stock market. Here's why.
▼ + stars: | 2024-01-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at why this is such a big week for the stock market . The big storyA week to rememberThree trends in the stock market are bound to vault equities higher in 2024, Wall Street strategists say. Getty ImagesWe're less than a month into 2024, but this week could determine the market's trajectory for the rest of the year. Tim Cook AppleThe information overload comes amid an uncertain time for Big Tech and the broader stock market.

Persons: —, Netflix's, it's, Matthew Fox, Jerome Powell's, Tim Cook, Tesla, haven't, we'll, Fundstrat's Tom Lee, Read, Jamie Dimon, Larry Downing, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, Jeffrey Gundlach, Buckle, Mohamed El, isn't, Erian, Lyra, Maven, Tyler Le, Liquidators, Max Organizations: Service, Business, Wall, Big Tech, Microsoft, Fed, Apple, Nvidia, Meta, Google, optimist, JPMorgan, DoubleLine, Prime, Comcast, Warner Bros, Lyra Health, Hong, Alaska Airlines Locations: India, Japan, Hong Kong, China, Alaska

☆ Corporate America's loyalty problem is on display in Big Tech
▼ + stars: | 2024-01-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how there's no more loyalty in corporate America between employers and their workers. Business Insider's Aki Ito, who has covered workplace trends better than anyone, dove into the deterioration of loyalty in corporate America. The best example of the deterioration of loyalty in corporate America these days is in Big Tech. AdvertisementOne year later, Big Tech's layoffs are back and could become the new normal, Business Insider's Peter Kafka writes. However, the best representation of the growing employee-employer chasm in Big Tech is at Google.

Persons: —, hustleharder, Insider's Aki Ito, they're, Insider's Peter Kafka, Kali Hays, BI's Eugene Kim, Ashley Stewart, Long, Sundar Pichai, BI's Hasan Chowdhury, Brian Moynihan, Moynihan, Laura Labovich, Asher, Emerson, Bill O'Leary, there's, Frederic J . Brown, haven't, Christian Dior, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb Organizations: Service, Big, Workers, Amazon MGM Studios, Big Tech, Google, OsakaWayne, Investment, New, Bank of America's, Fed, Washington, Getty, Meta, OpenAI Mafia, Shoppers, Spotify, Couture, United Airlines, The, Business Locations: America, Big Tech, Big, Bethesda, That's, Paris, New York, San Diego, London

☆ JPMorgan Chase fights off 45 billion hacking attempts each day
▼ + stars: | 2024-01-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —JPMorgan Chase now fights off about 45 billion attempts a day by hackers to infiltrate its systems. That’s double what it was last year, highlighting the escalating cybersecurity challenges the bank and other Wall Street titans are facing. Speaking on the same panel, Gita Gopinath, deputy managing director of the International Monetary Fund, said that the use of AI by hackers is concerning to regulators. More than 70% of bank executives surveyed by KPMG last year said that cyber security was a major concern for their company. That’s why staying one step ahead of it is the job of each and every one of us,” said Erdoes on Wednesday.

Persons: JPMorgan Chase, Mary Callahan Erdoes, “, ”, Banks, Gita Gopinath, Gopinath, There’s, Erdoes Organizations: New, New York CNN, JPMorgan, Wall, titans, Economic, Google, International Monetary Fund, of England, KPMG Locations: New York, Davos, Switzerland, United States, Europe, Ukraine

☆ Wall Street's rocky start
▼ + stars: | 2024-01-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

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 . AdvertisementIn today's big story, we're looking at how there are still plenty of risks in the market despite big expectations. What's on deck:Chip Somodevilla/Getty ImagesOne of the best indicators of the year ahead comes from banks' Q4 earnings. BI's finance team has a roundup of the biggest Wall Street firms' earnings reports and what it means for their hiring plans.

Persons: Donald Trump, Vivek Ramaswamy, —, Chip Somodevilla, BI's Michelle Abrego, Rebecca Ungarino, Kevin O'Leary, Mark Davis, Goldman, Sharmin, Rahmani, Morgan, Steve Cohen, Sundar Pichai, Boris Streubel, Rebecca Zisser, Apple, Mike Katz Organizations: Republican, GOP, Service, Citi, JPMorgan, BlackRock, Staff, Getty, Goldman Sachs Wealth, New York Mets, Google, Hertz, Business, Bloomberg Locations: Iowa, Google's Berlin, San Diego, Austin

☆ For Microsoft and OpenAI, after a year in the 'hype cycle,' the Copilot corporate spending boom is just getting started
▼ + stars: | 2023-12-20 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +9 min

While another third (32%) said they have not made the spending decision, only 13% said they would not be acquiring similar gen AI capabilities. Microsoft has pointed to customers including Visa, BP, Honda and Pfizer using Copilot, and professional services firm partners on Copilot AI including Accenture, EY, KPMG, and PwC. And even amid the hype, it's important to keep in mind that as gen AI spending grows, it is still dwarfed by companies' cybersecurity budget needs. That means roughly $5 will be spent on security for every dollar spent on gen AI. But it's growing, and for now at least, when it comes to the billions in gen AI spending, Microsoft is in the pole position.

Persons: Dan Ives, Google Bard, Satya Nadella, Sam Altman, Altman, Jason Wong, Wong, Joe Atkinson, That's, Copilot, It's, Gartner, it's, Will, John Lovelock Organizations: Microsoft, Wedbush Securities, " Enterprises, Google, CNBC Technology, Survey, Gartner, Visa, BP, Honda, Pfizer, Accenture, EY, KPMG, CNBC, CNBC TEC, SAP, Adobe, Amazon Web, Meta, SharePoint Locations: San Francisco , California, U.S, Copilot, Salesforce, that's

☆ McDonald's is in the midst of some big changes that show the changing tides in the world of fast food
▼ + stars: | 2023-12-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at some of the recent big changes at McDonald's, including the launch of a new restaurant concept. AdvertisementCold foam and oat milk are big business, as drink modifiers add up to roughly $1 billion in revenue for Starbucks. McDonald's app has grown over the years, with over 57 million active members, but it still leaves much to be desired. To be sure, 10 CosMc's is not even a drop in the bucket of McDonald's 40,000-plus restaurant empire.

Persons: —, I'm, Joe Ciolli, Iman Jalali, Nancy Luna, It's, McDonald's, Nancy, CosMc's, Jamie Dimon, Jerome Powell, Jose Luis Magana, Ryan Detrick, Niklas Halle'n, Rebecca Zisser, Jeff Bezos, OpenAI's Ilya Sutskever doesn't, Sam Altman's, hasn't, Elon Musk's, Ben Bergman, Adam Neumann's, Insider's Ben Bergman, Z, Donald Trump, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Starbucks, Nancy, McDonalds, McDonald's, Reserve, Banking, Housing, Urban Affairs, Capitol, Carson Group, Getty Images, San, Sutskever, Visual China, Getty, Fort, Trump Organization, Trump Organization . Golden Globe Locations: Chicago, , Illinois, Texas, Washington, AFP, San Francisco, Fort Lauderdale, New York City, San Diego, London, New York

☆ Morning Bid: Small caps pick up baton, China rating hit
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +6 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. The likes of Microsoft (MSFT.O), Apple (AAPL.O), Nvidia (NVDA.O) and Amazon (AMZN.O) fell back over 1%, pressured by a modest bounceback in U.S. Treasury yields. China's blue-chip stocks slumped to their lowest since February 2019 amid fears of a possible cut to China's sovereign credit rating cut after Moody's outlook reduction. By Mike Dolan, Editing by Bernadette Baum; <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>Our Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Russell, that's, Moody's, Isabel Schnabel, Michael Gibson, Christine Laggard, Mongo, Zero Fox, Bernadette Baum Organizations: New York Stock Exchange, REUTERS, Reserve, Microsoft, Apple, Nvidia, Treasury, Reserve Bank of Australia, Central Bank, Reuters, ECB, Barclays, Qatar, P Global, Federal, Division, Supervision, Financial Innovation, Descartes Systems, Health, Powell Industries, Dave, Buster's Entertainment, Reuters Graphics, Thomson Locations: New York City, U.S, Global, York, Treasuries, Europe

☆ A new era for the market means a new way to think about investing
▼ + stars: | 2023-12-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe market volatility in the wake of the pandemic gave people visions of getting rich overnight, but true investing is a long-term play. As a result, a new market regime means new investing strategies will be necessary, James and Will write. Setting aside recency bias, it's been relatively easy to generate good returns in the market over the past 10 years. AI names may have commanded the market's attention lately, but another corner of the market is seeing impressive gains: stocks tied to digital assets.

Persons: —, Liam Eisenberg, Insider's James Faris, Will Edwards, Let's, James, Will, Spencer Platt, that's, Arantza Pena Popo, bitcoin, Alyssa Powell, Prasad Kalyanaraman, Cybertruck, Elon Musk's Cybertruck, Jay, Tyra Banks, Blake Snell, Thomas Carlyle, I'd, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Business, Getty, Marathon Digital, Oxford Dictionary Locations: America, Europe, EU, New York City, San Diego, London, New York

☆ Make these 5 investments as stocks climb to record highs in 2024, according to top strategists at Bank of America and BMO Capital Markets
▼ + stars: | 2023-11-28 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

COVID), and active funds are hugging their benchmarks," Subramanian wrote in a note about her 2024 outlook. "We're bullish not because we expect the Fed to cut, but because of what the Fed has accomplished," Subramanian wrote. BMO Capital MarketsBofA analysts are calling for slower inflation, better profit margins, and improved efficiency, Subramanian wrote. BMO is less optimistic about energy stocks since they've lagged behind oil prices in the last year. Consumer discretionary is a strong bet if interest rate hikes are over and consumers keep spending, Subramanian wrote.

Persons: Brian Belski, Belski, Savita Subramanian, Subramanian, Bank of America BMO's Belski, he's, boomers, BofA Organizations: Bank of America, BMO Capital Markets, Business, BMO, Federal Reserve, " Bank of, Energy, BMO isn't Locations: Ukraine, Israel

☆ Rate cuts are likely coming next year, but investors shouldn't bank on them saving the market
▼ + stars: | 2023-11-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why the rate cuts investors have been praying for might not be the godsend they imagined. But rate cuts won't necessarily be the win markets are hoping for, Business Insider's Jennifer Sor writes. Still, some interest rate traders are predicting rate cuts coming as soon as this March, according to CME's FedWatch Tool. Another key piece of the economy facing headwinds complicates the case for rate cuts being a boon for investors.

Persons: —, I've, we're, Patrick Semansky, Jennifer Sor, CME's, Jennifer, Insider's Dominick Reuter, Miles Goodloe, Domenic, Robert Oszust Jr, Domenic Boresta, Alice Brooks, Jennifer Campbell, Sean Jacobsohn, he's, Jacobsohn, Chelsea Jia Feng, They're, it's, Gen, Bradley Cooper, Ben Affleck, Greta Gerwig, Bill, Bill —, Bill Nye, Science Guy, Manolo Blahnik, Jimi Hendrix, Steve Bannon, Bruce Lee, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Business, Federal Reserve, Fed, UBS, Big Tech, Retail, Walmart, Target, Financial Times, Echo, Khosla Ventures, Science Locations: Washington, Miles, Chelsea, New York City, San Diego, London, New York

HONOLULU (AP) — Oso Ighodaro had 21 points and nine rebounds as No. Tempers flared in the first half after Kansas swingman Kevin McCullar Jr. drained a 3-pointer in front of Marquette's bench. Political Cartoons View All 1262 Images“At the end of the day it had very little to do with the game,” Smart said. “I thought our guys started the game with really, really good energy. "We got behind and played catchup the whole game, but I actually thought we played better than the score.

Persons: Oso Ighodaro, Marquette, Kevin McCullar Jr, McCullar, Shaka Smart, Smart, Bill Self, ” Smart, “, “ He’s, Ighodaro, Chase Ross, Kam Jones, ” McCullar, Hunter Dickinson, Tyler Kolek, Stevie Mitchell, ” Marquette, Dickinson, ___ Organizations: Maui Invitational, Golden Eagles, Marquette, Purdue, Kansas, Jayhawks, Texas, Texas Tech, Marquette outscored Kansas, Big East, Villanova, Michigan, AP Locations: HONOLULU, Kansas, Marquette outscored, Tennessee

☆ OpenAI's wild weekend just upended the world of AI
▼ + stars: | 2023-11-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

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 . OpenAI, the hottest startup in the world thanks to its chatbot ChatGPT, fired Altman on Friday afternoon. AdvertisementBut according to reports over the weekend, OpenAI investors were scrambling to reinstate Altman before today's opening bell. Advertisement"The board no longer has confidence in his ability to continue leading OpenAI," the post went on to say.

Persons: —, Michaels, Sam Altman's, Sam Richard A, Sam Altman, OpenAI, Altman, Greg Brockman, Satya Nadella, It's, Mira Murati, Emmett Shear, Ilya Sutskever, Alistair Barr, Altman wasn't, Alistair, Larry Fink, Fink, Arnd Wiegmann, Warren Buffett, Berkshire Hathaway, Lee Munson, there's, Andy Jassy, Anna Kim, Joe Biden, Harry Truman, Robert F, Kennedy, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Hobby, OpenAI, Microsoft, Altman, BlackRock, Reuters, Berkshire, Wealth, Web, Associated, Turkey, Getty, Wars Locations: OpenAI, BlackRock, Turkey, New York City, San Diego, London, New York

☆ The Latest News, Headlines, and Business Stories for November 13
▼ + stars: | 2023-11-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what the $650 billion in unrealized losses means for financial firms. That's the unrealized losses US financial firms wracked up as of September 30, according to Moody's estimate. That means there's a lot of wiggle room for how big banks can portray them on their balance sheet. To be sure, big banks are better capitalized than SVB. Big banks' share prices noticeably dropped as bond prices sunk.

Persons: —, it's, Nikolas Liepins, it'd, Matthew Fox, Dow Jones, isn't, Wall, Jim Chanos, Chanos, Ralph Lauren, Expedia, Apple, Dan Clancy, he's, Tyler Le, Tyson, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Anadolu Agency, Getty, NFL, Bank, Bank of America, Orrell, CNBC, NBCU, Apple, Big Tech, Professional, Vegas Golden Knights, Stanley, Tyson Foods Locations: Florida, New York City, San Diego, London, New York

☆ A 'once-in-a-generation' market opportunity thanks to some unfamiliar names
▼ + stars: | 2023-11-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at why the market might be on the cusp of a once-in-a-generation investing moment (but not with the names you're familiar with). The big storyUnder the radarA trader looks at market charts on the floor of the New York Stock Exchange on January 18, 2023. Angela Weiss/AFP/Getty ImagesWhen it comes to the stock market, the real value is in the crumbs. AdvertisementAdvertisementThe former chief investment strategist at Merrill Lynch views the chance to get in on less-glamorous stocks as a "once-in-a-generation" opportunity. The end of the AI market boon.

Persons: —, Stanley, Angela Weiss, Richard Bernstein, Merrill Lynch, Insider's Jennifer Sor, Bernstein, Jennifer, Brendan McDermid, Fundstrat's Tom Lee, Charlie Munger, Warren Buffett's, Munger, there's, Berkshire Hathaway, Bill Smead, Smead, Kendrick Lamar's, Rishi Sunak, Linda Yaccarino, Hitler, Elon Musk, carles miro, Getty, Tyler Le, Gen Zers, Zers, Donald Trump, OpenAI, OpenAI DevDay, Adolphe Sax, Martha Stewart, Lexie Moreland, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, New York Stock Exchange, Getty, Bank of America, REUTERS, Elon, AI, Trump, Trump Organization, OpenAI Locations: Victoria, New York City, San Diego, London, New York

☆ With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023
▼ + stars: | 2023-10-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

UK has second-biggest number of top fintech firmsThe U.S. was home to 65 of the top fintech companies, according to CNBC's list of world's top 200 fintech companies. In the U.S., some of the top global fintech companies on Statista's list include names like Stripe, PayPal and Intuit . Stateside, meanwhile, the largest fintech unicorns are Stripe ($95 billion), Chime ($25 billion), Ripple ($15 billion), Plaid ($13.5 billion), Devoted Health ($12.6 billion, and Brex ($12.3 billion). Other leading ecosystems for fintech unicorns include India, on 17 unicorns, and China, on eight. Standing in 8th place is Mexico, with five fintech unicorns, Singapore, also with five, and the Netherlands, which has four in total.

Persons: Ed Jones, Starling, Tencent, Statista, Andreessen Horowitz, Wise, Vlad Tenev, Group's, —, Nick Parmenter Organizations: AFP, Getty, CNBC, Statista, Ant Group, Plaid, Visa, Mastercard, European Union, Apple, Google, Sequoia Capital, PayPal, Intuit, Financial, Authority, Consumers Locations: U.S, Beijing, China, Silicon, Europe, Ukraine, Covid, India, France, Brazil, Germany, Mexico, Singapore, Netherlands, Statista

☆ Looking to invest long-term in Nvidia? Here's how to play the stock according to one growth investor
▼ + stars: | 2023-10-26 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

U.S. chipmaker Nvidia has been getting a lot of love from market watchers this year – and growth investor Nick Griffin is no exception. NVDA YTD mountain Year-to-date share price of Nvidia Griffin does not expect this phenomenon to have a significant impact on the company in the long-term. So, short-term, I understand the negativity – but long-term, it's not going to change the fact that people want to buy their chips," Griffin said. Going forward he foresees an increase in the demand for GPUs - which would possibly chip away Nvidia's market share to around 60%. While this may mean a loss of market share to its fellow chipmakers, the growth investor believes that Nvidia is in "a very unique position."

Persons: Nick Griffin, Munro, Griffin, Nvidia Griffin, it's, Griffin –, Cuda, – Organizations: Nvidia, Munro Partners, CNBC's, U.S, U.S ., Munro Growth Locations: Australia, China

It’s a message ringing clear at the Tokyo Mobility Show, which will run through Nov. 5 at Tokyo Big Sight hall and where battery-powered electric vehicles are the star at practically every booth. Toyota Motor Corp.’s lean angular Lexus concept, set to go on sale in 2026, is an electric vehicle running on lithium-ion batteries. That is partly because of Toyota’s past success in hybrids, exemplified in the Prius, which have a gasoline engine in addition to an electric motor. In China, a third of vehicles sold are EVs. Nissan, an early EV maker among the Japanese with its Leaf going on sale in 2010, is showcasing four EV concept cars.

Persons: —, ” Takero Kato, China's BYD, Kato, Tesla, EVs, Joe Biden, BYD, ” Kato, Joshua Cobb, ”, Cobb, Alfonoso Albaisa, ” Albaisa, De Souza, “, John de Souza, ___ Yuri Kageyama Organizations: TOKYO, Toyota, Tokyo Mobility, Mazda Motor Corp, Honda Motor, Toyota Motor Corp, Journalists, General Motors Co, Ford Motor Co, Benz, Subaru, Lexus, International Energy Agency, BMI, SAIC, GM, EV, Nissan, “, Manufacturers, Mitsubishi Fuso, Daimler, Mitsubishi Locations: Tokyo, Japan, U.S, China, San Francisco

☆ These 9 investments will perform best in 2024 as plummeting inflation and falling interest rates help the US avoid a recession, according to the top minds at Ameriprise Financial
▼ + stars: | 2023-10-20 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Even the market's most serious risks likely won't derail the economy, according to the brain trust at $1.3 trillion Ameriprise Financial. The S&P 500 should score a mid- to high-single-digit gain next year, Saglimbene told Insider, if earnings grow as expected. So there's some risk that valuations are going to have to come in, and that path for interest rates is very important." Popular small-cap ETFs include the iShares Core S&P Small-Cap ETF (IJR) and the Schwab US Small-Cap ETF (SCHA) while the Vanguard European Stock Index Fund ETF (VGK) and WisdomTree Europe Small-Cap Dividend ETF (DFE) also might fit with Ameriprise's projections. "At the same time, we'll have yields that are at some of the highest levels we've seen since the financial crisis.

Persons: Russell Price, Price, he's, Ameriprise's Anthony Saglimbene, Justin Burgin, Saglimbene, Burgin, There's, we've, Russell, Ameriprise, weren't Organizations: Bank of America, Nvidia, Saglimbene, Schwab, Vanguard, Index Fund, Fed Locations: Israel, Europe

☆ 'R-star' is a key tool in the Fed's fight against inflation. But what is it?
▼ + stars: | 2023-09-24 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

Both are determined by inflation-adjusted interest rates, which are represented by the variable r in economic models. The interest rate that causes demand for savings to equal demand for investing, is typically denoted as R*. To tame inflation that hit a four-decade high last year, the Fed has been raising interest rates. At the same time, if central bank officials continue to hike rates to get inflation down, they run the risk of overshooting. None of that would be the case at the neutral interest rate.

Persons: New York CNN —, It’s, Jerome Powell, Knut Wicksell, John Williams, Powell, it’s, catchup, we’ve, ” Organizations: New, New York CNN, Federal Reserve, World Bank, New York Fed, Fed Locations: New York, Swedish

☆ From taking orders to cutting avocados, AI is solving the labor shortage problem for fast-food chains
▼ + stars: | 2023-09-14 | by ( Nancy Luna | ) www.businessinsider.com time to read: +8 min

Checkers & Rally'sLast year, Checkers & Rally's became one of the first big chains to implement widespread use of AI-powered voice assistants. Out of the 803 Checkers and Rally's restaurants, voice AI was live in 390 as of August. AdvertisementAdvertisementSoundHound, best known as a music-recognition app, has spent years perfecting its conversational voice AI bots. Sister burger chains Carl's Jr. and Hardee's also announced plans to test Presto's AI voice bots this year. Hardee's and Carl's Jr. are also testing voice AI bots by OpenCity.

Persons: DoorDash, Deloitte, Keyvan Mohajer, it's, Mohajer, Schier, Rally's, Domino's, ConverseNow, SoundHound, SoundHound's Mohajer, Beef, Chippy, Rebecca Harrington, McDonald's, Carl's Jr, Del, Carl's, Hardee's, Presto, Taco, Chris Turner, Turner, Taco Bell Organizations: Service, Chipotle, Industry, National Restaurant Association, Deloitte, Wingstop Tech, Anthony's, Slim, Dialog, Taco Bell, Taco, Yum Brands Locations: White, Wall, Silicon, McDonald's, Texas, California , Texas, Florida, Chicago, Thai, Newport Beach , California, Del Taco, Mexican, Southern California, Taco Bell's

☆ Nvidia set the market alight last quarter. Can it repeat the trick?
▼ + stars: | 2023-08-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Artificial intelligence darling Nvidia’s upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums. Nvidia reached a $1 trillion market cap in May, becoming the ninth company to achieve that milestone. Tech stocks rose on Monday, indicating optimism among investors about Nvidia’s earnings. The tech-heavy Nasdaq Composite index on Monday gained 1.6%, marking its biggest one-day jump this month and stalling the recent sell-off in tech stocks. Tech stocks faltered somewhat on Tuesday, as weak retail earnings and elevated Treasury yields put pressure on stocks.

Persons: Jensen Huang, Phillip Toews, that’s, …, ”, Louis Navellier, Dan Ives, Jerome Powell, Anna Bahney, Read, Clare Duffy, —, X Organizations: CNN Business, Bell, CNN, Nvidia, Toews Asset Management, US Federal Reserve, Apple, Meta, Microsoft, Tesla, Navellier, Associates, Tech, Nasdaq, Wedbush Securities, Federal, Kansas City, Dow Jones, National Association of Realtors, NAR, Homeowners, Twitter Locations: Jackson Hole , Wyoming, Northeast, Midwest, West

HONG KONG, Aug 2 (Reuters Breakingviews) - Koji Sato enjoyed a smooth ride in his first quarter behind the wheel at Toyota Motor (7203.T). Toyota now trades just shy of 10 times estimated earnings for the next 12 months, per Refinitiv. Those same Chinese brands are encroaching on emerging markets like Thailand, where Toyota has traditionally sold well. Executives told investors on Tuesday that they’re eager to review other investments, too, including cross-holdings in the Toyota group and other assets. Total sales rose by 24% to 10.5 trillion yen in the same period.

Persons: Koji Sato, Sato, Toyota’s, that’s, Encouragingly Sato, Antony Currie, Pranav Kiran Organizations: Reuters, Toyota, Ford, General Motors, Nissan, Thomson Locations: HONG KONG, Asia, China, Thailand

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