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☆ Top investors say these stock sectors are 'super cheap' and Warren Buffett likes them both
▼ + stars: | 2023-08-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

I mean they're always kind of cheap, but they're really cheap," Link said. Housing stocks have risen sharply, with the SPDR S & P Homebuilders ETF (XHB) up about 23% over the past year. Both investors agreed that energy stocks could see a similar rally to housing in the years ahead. "I believe what we are seeing with homebuilders is going to happen with energy stocks in two to three years. In addition to energy stocks being cheap, they could also see fundamentals improvement if oil prices continue to rise, Link said.

Persons: Fundstrat, Tom Lee, Stephanie Link, Lee, Warren, Link Organizations: CNBC, Hightower Advisors, Berkshire, Occidental Petroleum, Chevron, Diamondback Energy, Exxon, Devon Energy Locations: Horton, Chevron, homebuilder

"High level, we want this to become something like your personal AI friend," said developer Div Garg, whose company MultiOn is beta-testing an AI agent. The race towards increasingly autonomous AI agents has been supercharged by the March release of GPT-4 by developer OpenAI, a powerful upgrade of the model behind ChatGPT - the chatbot that became a sensation when released last November. GPT-4 facilitates the type of strategic and adaptable thinking required to navigate the unpredictable real world, said Vivian Cheng, an investor at venture capital firm CRV who has a focus on AI agents. OpenAI itself is very interested in AI agent technology, according to four people briefed on its plans. There are at least 100 serious projects working to commercialize agents, said Matt Schlicht, who writes a newsletter on AI.

Persons: Siri, Alexa, Tony Stark's, Kanjun Qiu, Reid Hoffman, Mustafa Suleyman, Qiu, OpenAI, Vivian Cheng, CRV, Aravind Srinivas, Jarvis, Yoshua Bengio, Satya Nadella, Apple's Siri, it's, Google, Edward Grefenstette, Jason Franklin, WVV Capital, Hesam Motlagh, Matt Schlicht, Anna Tong, Jeffrey Dastin, Kenneth Li Organizations: Microsoft, Google, U.S . Federal Trade Commission, Reuters, FTC, OpenAI's, Financial Times, Amazon, Alexa, Investors, WVV, Google Ventures, Entrepreneurs, Thomson Locations: Silicon, Jarvis, GPT, Cognosys, San Francisco, Palo Alto

☆ The Titan tragedy will join the Byford Dolphin accident as one of the most gruesome deep-sea incidents in history
▼ + stars: | 2023-06-24 | by ( Jenny Mcgrath | Chris Panella | ) www.businessinsider.com time to read: +6 min

The Titan tragedy joins the Byford Dolphin accident in history's most gruesome deep-sea incidents. It joins the Byford Dolphin accident of 1983 — another deep-sea chamber compression incident but with a very different set of circumstances that killed five and injured one. The Byford Dolphin incidentOn November 5, 1983, four divers — Edwin Coward, Roy Lucas, Bjørn Bergersen, and Truls Hellevik — returned from a deep-sea commercial mission near the Byford Dolphin oil rig. Graphic showing the layout of the living chambers and the diving bell where the Byford Dolphin accident happened. Unlike the divers near the Byford Dolphin oil rig, the Titan passengers didn't have any excess nitrogen in their blood.

Persons: — Edwin Coward, Roy Lucas, Bjørn Bergersen, Hellevik —, IFLScience, William Crammond, Giertsen, it's, Crammond, Martin Saunders, Stefan Williams, uncrewed submersibles, James Cameron, Cameron, It's, Williams Organizations: Titan, Service, Obscura, Divers Alert, of Forensic Medicine, Science Times, Daily Science, University of Sydney, Good Morning America, ABC News, Eiffel, NBC

☆ 16 years ago, people spent days in lines around the block to buy iPhones. Apple is announcing a new gadget today and no one seems to care.
▼ + stars: | 2023-06-05 | by ( Nicholas Carlson | ) www.businessinsider.com time to read: +3 min

Today, Apple is launching itself into a whole new area of gadgets. No one seems to care, with Apple reportedly projecting low sales the first year. Just about 16 years ago — on June 29, 2007 — the Internet was introduced to a new micro-celebrity. The fact remains that behind him on that day 192 months ago, a line curled around the block. Did you even know, before you opened this post, that today, Apple is launching another massive new product?

Persons: Greg Packer, Dima Gavrysh, REMY, Steve Jobs's, Hasan Chowdhury, Dan Ives, Siri Organizations: Apple, Press, LA, Associated, Reuters, Developers, Bloomberg, Wedbush Securities Locations: New York, France, Cupertino

☆ 4 great white sharks showed up in New York and New Jersey waters early, having migrated thousands of miles for food
▼ + stars: | 2023-05-29 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

Every year great white sharks head for feeding grounds in waters near the northern US and Canada. One of them is an 8 foot 8 inch male juvenile named Jekyll who weighs just shy of 400 pounds. OCEARCH has been capturing, tagging, and tracking great white sharks since 2007 in order to study their migratory patterns. These great white sharks have traveled thousands of milesAccording to the OCEARCH tracker, a male juvenile great white nicknamed Jekyll has traveled 1,595 miles in 103 days from Georgia to the waters of Atlantic City, where his tracker pinged his location on May 15th. Simon, another male juvenile, traveled 1,520 miles in the last 106 days from Florida to join revelers in the waters of Fire Island on May 2nd.

☆ Manhattanhenge is coming to New York City tonight. Here's where to see it best.
▼ + stars: | 2023-05-29 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Manhattanhenge is happening in New York City on Monday. It's the phenomenon where the setting sun perfectly aligns with the city's street grid. The astrophysicist Neil deGrasse Tyson coined the term. The term Manhattanhenge was coined by the popular astrophysicist Neil deGrasse Tyson, a native New Yorker. The Tudor City Overpass in Manhattan and Hunter's Point South Park in Queens are two more scenic spots, he says.

☆ All the ways cars suck, according to the guy who wrote the book about it
▼ + stars: | 2023-05-22 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +6 min

Knowles told Insider why Americans, and the world, love cars so much, despite the downsides. One person even wrote to The New York Times, suggesting that pedestrians crossing their street should point their guns at anyone driving in self-defense, Knowles wrote. Now, thanks to lobbying efforts by the automotive industry to move pedestrians off the roads and into cars, Americans view cars much differently, he said. Cars suck because they blow — chemicals and particulate matter, that is, Knowles wrote. Despite this, Knowles wrote, cars persist.

☆ The 7 best military commanders of all time, according to Napoleon Bonaparte
▼ + stars: | 2023-03-24 | by ( Daniel Brown | ) www.businessinsider.com time to read: +1 min

Napoleon, one of history's great military commanders, encouraged his officers to study these leaders. You won't find the Duke of Wellington, who defeated Napoleon at Waterloo, on the French emperor's list. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyNapoleon Bonaparte is recognized as one of the greatest military commanders of all time. "Your own genius will be enlightened and improved by this study, and you will learn to reject all maxims foreign to the principles of these great commanders," Napoleon said. We've ranked the commanders based on Napoleon's comments and their own achievements:

☆ Locks of hair compose a symphony of genetic information on Beethoven
▼ + stars: | 2023-03-22 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

Researchers said on Wednesday his genome showed the German composer was both genetically predisposed to liver disease and had hepatitis B virus infection. The new findings suggest there were multiple factors behind his liver disease including genetics, viral infection and alcohol consumption. "Prior to this study, alcohol was the only definitely known risk factor for Beethoven's liver disease." Beethoven experienced progressive hearing loss starting at age 29 and by 44 his hearing loss was complete, though he continued to compose masterpieces. There was no evidence found for conditions hypothesized by some experts such as otosclerosis or Paget's disease, Begg said.

☆ The coast of Southern California is becoming a hotspot for great white sharks
▼ + stars: | 2023-03-01 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

Great white shark numbers are increasing off the coast of Southern California's beaches. Adult white sharks can reach 12-20 feet, but they rarely come close to the shoreline. California banned actively targeting white sharks in 1994, as well as certain fishing nets that often entrapped the sharks. Warning signs for shark sightings remain in Long Beach, California, on May 16, 2017, where Great White sharks and their pups have been sighted regularly off southern California beaches. Researchers emphasized it is still safe to swim along the Southern California coast, which sharks have historically inhabited longer than us.

☆ Jim Cramer says the Fed can't calm a market where 'nothing is predictable'
▼ + stars: | 2023-02-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday said the Federal Reserve cannot get a clear vision of the economy right now because macro factors and unpredictable human behavior are distorting the markets. Over a year into the war in Ukraine, food and oil prices are massively warped, according to Cramer. Both of these markets have been artificially dictated by geopolitics rather than the natural dynamics of supply and demand. They are coming out of the pandemic and leaving the job market, pushing up travel demand and creating all sorts of unpredictable patterns. With all of these factors, Cramer said, "it's insanely hard to predict consumer behavior, which is why the Fed's moves to date seem to have little impact."

☆ Why the resilient US economy is making it difficult for stock investors to thrive
▼ + stars: | 2023-02-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The recent stock rally is crumbling as inflation data shows the Fed still has more work to do. But data also shows the economy is strong, and that could help the US avoid a recession. But investors aren't cheering for a strong economy. This follows data earlier in the month that showed the US economy has been resilient in the face of higher interest rates. And, ultimately, the Fed will have the last word for stocks, even if the economy holds up to its aggressive policy.

☆ Here's why Wall Street's top analysts don't think the bear market is over
▼ + stars: | 2023-02-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Strategists across Wall Street are warning stocks are in for more pain, despite the strong start to 2023. Morgan Stanley's Mike Wilson compared investors buying stocks now with ill-prepared climbers on Mount Everest. Here's what experts at some of the biggest banks are saying about what's ahead for stocks. Morgan Stanley's top strategist Mike Wilson wrote in a note this week that stocks have soared too high too fast, and those highs will ultimately prove unsustainable. He said the bidding-up of these speculative stocks suggests a bout of massive market volatility could be just around the corner.

☆ Wall Street analysts are warning stocks are about to come crashing down
▼ + stars: | 2023-02-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today's Fed minutes release should provide more insight on what's to come in March. So according to Wilson, stocks have entered this death zone after climbing too high too fast in hopes the Federal Reserve is about to pull back on its aggressive monetary policy. He's reiterated several times this year that the rally will lose steam, and he expects sticky inflation to push the Fed to hold interest rates higher for longer. The bank's analysts now see the Fed raising rates by 25 basis points in June, which would bring the terminal rate to a target range of 5.25-5.5%. "As [stocks] have reached even higher levels, there is now talk of a "no landing" scenario – whatever that means," Wilson noted.

☆ Here's why history's most reliable recession indicator no longer works
▼ + stars: | 2023-02-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The inverted yield curve has been one of the most reliable predictors of an imminent recession. In July 2022, the inverted yield curve once again turned negative as the Fed continued to aggressively hike interest rates. But a Monday note from Ned Davis Research argues that the yield curve inversion indicator may no longer be a reliable leading indicator of a coming downturn. Kalish isn't alone in his skepticism of the yield curve inversion indicator. Cam Harvey, the economist and professor who first identified the yield curve as a reliable recession indicator, thinks this time is different.

☆ A 16-year-old girl killed in a shark attack was swimming in a river, not the ocean. Bull sharks — considered by some experts the most dangerous — are the rare species that swims in fresh water.
▼ + stars: | 2023-02-07 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

But when a 16-year-old girl in Australia was killed in a shark attack on Saturday, she wasn't swimming in the ocean. Bull sharks are considered by many experts to be the most dangerous sharks in the world. Still, although you are more likely to encounter a bull shark in a river than another species, attacks remain uncommon. In 2022, there were 57 unprovoked shark attacks on humans worldwide, according to the Florida Museum of Natural History's International Shark Attack File. Bull sharks, great white sharks, and tiger sharks are the most common species to be involved in an attack.

☆ Sam Bankman-Fried doesn't 'have the typical profile of a crook' – and his fear of failure might explain FTX's collapse, Bill Ackman says
▼ + stars: | 2022-12-23 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Ackman compared SBF to convicted fraudster Bernie Madoff, saying neither "have the typical profile of a crook.' The crypto exchange cofounded by Bankman-Fried seems to have been profitable and backed by top venture capitalists, Ackman said Friday. This reminds me of Madoff," tweeted Ackman, the founder and CEO of hedge fund Pershing Square Capital Management. Young Wall Street trader Bankman-Fried went from relative obscurity to the head of crypto empire FTX in just four years. That runaway success soon after leaving a top college sheltered Bankman-Fried from learning how to cope with failure, Ackman suggested.

Trinidad Gonzales, a professor of history and Mexican American studies at South Texas College, has been honored with the 2022 John Lewis Award for History and Social Justice. Refusing to Forget's work spurred an award-winning exhibit at the Bullock Texas State History Museum in Austin — the first time the state had publicly addressed "La Matanza." He played a role in a five-year battle to help change state standards for high school Mexican American history classes. “We all knew internally that it wasn’t just simply a fight for Mexican American studies,” Gonzales told South Texas College. "We're fearful that they're going to try to eliminate Mexican American studies, African American Studies, Indigenous Studies and Asian American studies," Gonzales said in the interview.

☆ $2.04 billion Powerball jackpot is now the largest prize in history—here are the top 5 so far
▼ + stars: | 2022-11-10 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

The $2.04 billion Powerball jackpot finally found a winner on Tuesday morning, after technical difficulties delayed the drawing that had been scheduled to take place on Monday. The massive prize marked the fifth time in the past five years that a lottery jackpot has crossed the billion-dollar threshold — and this one was a world record. That one was also a Powerball drawing that reached $1.586 billion and was split between three winning tickets. $1.59 billion (Powerball)This Powerball drawing from Jan. 13, 2016, for which three winning tickets were sold, held the record as history's biggest lottery prize for more than six years, until this week's Powerball drawing dropped it down a spot. $1.34 billion (Mega Millions)The first billion-dollar jackpot of 2022 topped $1.3 billion before it found a winner in July.

☆ Thirty-year old crypto tycoon Sam Bankman-Fried was worth $16 billion. 94% of that was wiped out in just one day.
▼ + stars: | 2022-11-09 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Sam Bankman-Fried saw nearly all of his net worth wiped out in a day. His crypto-exchange platform, FTX, was seemingly on the verge of collapse before Binance agreed to buy it on Tuesday. Bankman-Fried saw his next worth plunge 94% in one day, the largest drop ever for a billionaire, according to Bloomberg. On Monday, Bankman-Fried was considered one of the world's wealthiest people, with a net worth of $16 billion. The Bloomberg Billionaires Index estimates that Bankman-Fried's net worth crashed by 94% on Tuesday, making it the biggest one-day collapse in wealth ever among billionaires.

☆ The $1.6 billion Powerball jackpot is now the largest ever—here are the top 5 so far
▼ + stars: | 2022-11-04 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Once again, a lottery jackpot has crossed the billion-dollar threshold — the fifth time in the past five years — and this one is a world record. Saturday's Powerball drawing now has a jackpot of $1.6 billion, the largest ever, after no winners were announced for Wednesday night's $1.2 billion drawing. That one was also a Powerball drawing that reached $1.586 billion and was split between three winning tickets. $1.34 billion (Mega Millions)As mentioned above, the record Powerball drawing is already the second billion-dollar jackpot of 2022. $768.4 million (Powerball)

☆ A rout by the US in an air battle around Taiwan led Japan to adopt desperate tactics in World War II's final months
▼ + stars: | 2022-10-12 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +8 min

Their goal was to destroy as much of Japan's air and naval strength before US troops landed on the Philippine island of Leyte. A diversionA Japanese heavy cruiser after being bombed by US Navy aircraft during the Battle of Midway in June 1942. But Japan's air and naval power were still major threats, and to ensure the Philippines could be liberated, they had to be degraded, if not eliminated. By 1944, Japanese military leaders recognized their situation and devised a plan to prepare for US invasions of Japanese-held territory. Japanese attempts to attack the carriers were fruitless, with 42 more Japanese planes shot down trying to conduct attack runs.

☆ Stifel's stock chief shares 4 places to put your money now as an 'immediate window' for returns opens up while stocks hit a near-term bottom
▼ + stars: | 2022-09-26 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

He said the S&P 500 would climb back to 4,400 by early next year. He said he thinks the S&P 500 will rally back to 4,400, which is about 19% upside from where it closed on Friday. StifelProvided that inflation continues to meaningfully drop, so too will yields on 10-year Treasury Inflation-Protected Securities, or TIPS, Bannister said. When 10-year TIPS yields and 36-month fed funds futures fall, the S&P 500 tend to rise. Longer-term, the S&P 500 is likely to remain range-bound below 4,800 through the rest of the decade, he said.

☆ Hillary Clinton likened Donald Trump's Ohio rally to Adolf Hitler speeches, report says
▼ + stars: | 2022-09-24 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Hillary Clinton liked Donald Trump's rally in Ohio to speeches by Adolf Hitler, per Fox News. Trump's spokesperson told Fox News that the comparison was "pathetic" and "divisive." "I remember as a young student, you know, trying to figure out, how people get basically brought in by Hitler," Clinton said, per Fox News. Attendees of the rally in Youngstown, Ohio, raised their fingers to the sky as a QAnon-associated song played. The finger salute at the Ohio rally generated controversy, prompting New York State Senator Anna Kaplan to compare it to the "Heil Hitler" salute used by Nazis.

☆ Why convertible cars are declining in popularity
▼ + stars: | 2022-09-22 | by ( Robert Ferris | Jade Tungul | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy convertible cars are declining in popularityGaining popularity in the 1950s and 1960s, the convertible car is an automotive American icon. As a symbol of leisure and fun, some history's iconic models were convertibles, such as the Chevrolet Corvette and the Ford Mustang. However, convertibles have been steadily losing popularity among car buyers and make up only 0.46% of new car sales in 2021. Buyers value practicality and functionality over looks and leisure, leading their interests elsewhere. Can the iconic design stand the test of time?

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