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We're buying 75 shares of Oracle (ORCL) at roughly $103 each. Following Monday's trade, we will own 725 shares of ORCL, increasing its weighting in the portfolio to 2.72% from 2.45%. Oracle shares were up about 1% on Monday after falling 6% on Friday in reaction to the company's AI Executive Forum event. ORCL YTD mountain Oracle YTD Still, the company noted strong demand for its AI services. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Larry Ellison, Safra Catz, Catz, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Oracle, ORCL, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Oracle's, New York
A US State Department official resigned because of President Joe Biden's "blind" support for Israel. 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 . AdvertisementAdvertisementA US State Department official overseeing arms transfers resigned in response to President Joe Biden's "blind" decision to keep supplying Israel with weapons as it imposes a siege on Gaza as part of its war with Hamas. More than 1,300 Israelis died in Hamas' surprise attacks on October 7, the Israel Defense Forces said .
Persons: Joe Biden's, Josh Paul, , Paul, Biden Organizations: US State Department, Israel, Political, Military Affairs, Service, State Department, Israel Defense Forces, Palestinian Health Ministry, Carnegie Endowment, International, Biden Administration, ABC News, UN, Human Rights, The New York Times Locations: Israel, Gaza, Hamas
A State Department official in the bureau that oversees arms transfers resigned this week in protest of the Biden administration’s decision to continue sending weapons and ammunition to Israel as it lays siege to Gaza in its war with Hamas. In his resignation letter, Josh Paul, who has been the director of congressional and public affairs for the State Department’s Bureau of Political-Military Affairs for over 11 years, said the Biden administration’s “blind support for one side” was leading to policy decisions that were “shortsighted, destructive, unjust and contradictory to the very values we publicly espouse.”“The response Israel is taking, and with it the American support both for that response and for the status quo of the occupation, will only lead to more and deeper suffering for both the Israeli and the Palestinian people,” he wrote, adding, “I fear we are repeating the same mistakes we have made these past decades, and I decline to be a part of it for longer.”In an interview, Mr. Paul said that Israel’s cutting off of water, food, medical care and electricity to Gaza, a territory of two million people, should prompt protections in a number of longstanding federal laws intended to keep American weapons out of the hands of human rights violators. But those legal guardrails are failing, he said.
Persons: Biden, Josh Paul, Biden administration’s, , Paul Organizations: Department, State Department’s Bureau, Political, Military Affairs Locations: Israel, Gaza
CNN —A State Department official has resigned from the agency over the Biden administration’s approach to the ongoing conflict between Israel and Hamas, the official announced on LinkedIn Wednesday. “Hamas’ attack on Israel was not just a monstrosity; it was a monstrosity of monstrosities. I also believe that potential escalations by Iran-linked groups such as Hezbollah, or by Iran itself, would be a further cynical exploitation of the existing tragedy. Decades of the same approach have shown that security for peace leads to neither security, nor to peace. “There’s a moment where you can say, OK, well, you know, it’s out of my hands, but I know Congress is going to push back,” he told the Times.
Persons: Josh Paul, , ” Paul, , , Paul Organizations: CNN, State Department, Biden, Hamas, LinkedIn, Political, Military Affairs, The New York Times, Times Locations: Israel, “ Hamas, Iran, Gaza,
He pleaded with the Israelis not to overreact, as he said the United States did after the terrorist attacks on Sept. 11, 2001. Mr. Biden’s speech comes as his political coalition has begun to fray over the Israeli conflict. “I am grateful to have @POTUS thoughtful leadership in this moment,” Representative Emanuel Cleaver of Missouri wrote on social media. “Joe Biden flew into a war zone to stand with Israel,” Mr. Auchincloss said late Wednesday. “Trump wouldn’t even visit a cemetery of American war dead.” (Mr. Trump, in 2018, canceled a planned trip to a French cemetery, and his aides cited the rainy weather.)
Persons: Biden, Israel —, , Emanuel Cleaver, Missouri, Steny Hoyer, Biden “, Richard Haass, Jake Auchincloss, Donald J, Trump, “ Joe Biden, ” Mr, Auchincloss, “ Trump, , Cori Bush, André Carson, Pope Francis, Rashida Tlaib, Jerry Nadler, Debbie Wasserman Schultz, Ilhan Omar, Omar, Dilawar Syed, Wadea, , Josh Paul, Biden administration’s Organizations: Democratic, Progressives, Democrats, Maryland, Foreign Relations, Biden, Liberal Democrats, Gaza, Capitol, Florida, Small Business Administration, Department Locations: Israel, Ukraine, Tel Aviv, United States, Gaza, America, Massachusetts, Missouri, André Carson of Indiana, Michigan, York, Minnesota, Chicago
CHICAGO, Oct 17 (Reuters) - Arkansas ordered Syngenta to sell 160 acres (65 hectares) of farmland in the U.S. state within two years on Tuesday because the company is Chinese-owned, drawing a sharp rebuke from the global seeds producer. U.S. farm groups and lawmakers are increasingly scrutinizing foreign land ownership due to concerns about national security. "Our people in Arkansas are Americans led by Americans who care deeply about serving Arkansas farmers," Das said. The state also fined Syngenta $280,000 for failure to report foreign ownership in a timely manner. "All Syngenta land holdings have been examined by the U.S. government, through two administrations, as Syngenta was transitioning to ChemChina ownership," Das said.
Persons: Syngenta, Sarah Huckabee Sanders, Saswato Das, Das, Tim Griffin, Griffin, Northrup, Huckabee Sanders, Tom Polansek, Jonathan Oatis Organizations: BASF, Bayer, Sinochem Holdings Corp, Northrup King Seed, Syngenta, U.S . Department of Agriculture, U.S ., Thomson Locations: Arkansas, U.S, Craighead County, China, ChemChina, Shanghai
Singh said another FTX executive had told him the deals were meant to help spur user growth. 'I WAS A STRAW DONOR'Bankman-Fried's trial, which started on Oct. 3, has so far focused largely on how prosecutors say Bankman-Fried allowed Alameda to plunder FTX customer funds. Singh gave jurors a window into Bankman-Fried's political operation. He said another FTX executive, Ryan Salame, had access to his bank account to make donations via wire transfers. "I knew that the money for those donations was coming from customer funds."
Persons: Sam Bankman, Andrew Kelly, Fried, Nishad Singh, Bankman, Singh, Tom Brady, Gisele Bundchen, Steph Curry, Larry David, Katy Perry, Orlando Bloom, Michael Kives, Hillary Clinton, FTX, Gary Wang, Caroline Ellison, Alameda's, Gabriel, Gabriel Bankman, Ryan Salame, District Judge Lewis Kaplan, Luc Cohen, Matthew Lewis, Stephen Coates Organizations: FTX, Manhattan, REUTERS, Alameda Research, U.S, Democratic, Prosecutors, Alameda, Miami Heat's, District, Monday, Thomson Locations: New York City, U.S, Alameda, Fried, . U.S, New York
Kremlin spokesman Dmitry Peskov speaks before a press conference of Russian President Vladimir Putin following the Russia-Africa summit in Saint Petersburg, Russia, July 29, 2023. The army said it would soon go on the offensive after the biggest mobilisation in Israeli history. The Palestinians want a state in the West Bank and Gaza Strip with East Jerusalem as its capital - all territory captured by Israel in the 1967 war. The Quartet, set up in 2002, consists of the United Nations, the European Union, the United States and Russia. He said Russia was in contact with the Palestinians to find out if any Russians had been injured in Israeli attacks on Gaza.
Persons: Dmitry Peskov, Vladimir Putin, Sergei Bobylyov, Lavrov, Sergei Lavrov, Ahmed Aboul Gheit, Israel, Aboul Gheit, Hosni Mubarak’s, Andrew Osborn, Gareth Jones, Angus MacSwan Organizations: Agency, REUTERS, Kremlin, League, Quartet, Arab League, West Bank, United Nations, European Union, Thomson Locations: Russia, Africa, Saint Petersburg, Moscow, MOSCOW, Israel, Palestinian Territories, United States, Gaza, East, Iran, Palestinian, East Jerusalem
"What Kevin just said right now ... to that point: 'If somebody wants to file a motion to vacate, file the fucking motion to vacate,' and that's it. I've been here," McCarthy told reporters. House Minority Leader Kevin McCarthy (R-CA) speaks to the media on Capitol Hill in Washington, D.C., U.S., May 2, 2019. While a fight among Republicans on spending was holding up action in the House, the Senate on Thursday in an overwhelming 91-7 vote advanced its first package of spending bills. They believe the House will pass compromise legislation at the $1.59 trillion level set by McCarthy and Biden.
Persons: Kevin McCarthy profanely, McCarthy, Joe Biden, Kevin, Brian Mast, we're, I've, Kevin McCarthy, Clodagh, Ralph Norman, Biden, Don Bacon, David Morgan, Rami Ayyub, Scott Malone, Mark Porter, Lisa Shumaker Organizations: Democratic, California Republican, Capitol, Washington , D.C, REUTERS, Republican, Caucus, Biden, AAA, Thomson Locations: California, Washington ,
Jay is one of many workers contending with shifting rules around in-person and remote work. For some, those arrangements just don't work — and, like Jay, some workers would take a pay cut to be able to stay remote. The research on whether remote work is less productive is mixed, though, and for some, it may be a better fit than for others. Jay said his previous managers, for instance, "were completely in favor of remote work" but told him "this decision is out of their hands." Already, there's an "office apocalypse" raging in some cities, with McKinsey predicting remote work will slash the value of office buildings to the tune of $800 billion by 2030.
Persons: Jay, Kathleen Hall, It's, doesn't, that's, Bill de Blasio Organizations: Service, Jay, trumpeted, McKinsey Locations: Wall, Silicon, New York City
Meet Khan Academy's AI tutor
  + stars: | 2023-08-21 | by ( Nadia Bidarian | ) edition.cnn.com   time to read: +10 min
More than 8,000 teachers and students will test education nonprofit Khan Academy’s artificial intelligence tutor in the classroom this upcoming school year, toying with its interactive features and funneling feedback to Khan Academy if the AI botches an answer. A conversation between CNN's Nadia Bidarian and Khanmigo, Khan Academy's AI chatbot tutor. Khan Lab School is a separate nonprofit founded by Khan Academy CEO Sal Khan. Khan Academy’s in-the-works AI learning course “AI 101 for Teachers,” created in partnership with Code.org, ETS and the International Society for Technology in Education, offers a path toward AI literacy among teachers. Imperfect, but improvingAn AI “tutor” like Khanmigo is not immune to the flubs all large language models face: so-called hallucinations.
Persons: , Khanmigo, George Washington, Cleopatra, Martin Luther King Jr, CNN's Nadia Bidarian, Khan, Kristen DiCerbo, she’s, DiCerbo, , Oz, ” DiCerbo, “ We’re, Albert Einstein, Einstein, Socrates, Christopher Nolan’s “ Oppenheimer, , Thomas Jefferson, Khanmigo’s Thomas Jefferson, GPT, Leo Lin, Sal Khan, they’ve, Khan Academy’s, ” Ernest Davis, Davis, it’s, ” Davis, Rama Ramakrishnan, ChatGPT, ” Ramakrishnan, “ It’s Organizations: CNN, Khan Academy, Khan, American, Khan Lab, . New York City Public Schools, Seattle Public Schools, Los Angeles Unified School District, EdWeek Research, Code.org, ETS, International Society for Technology, NYU, MIT Locations: Arizona, Independence, California, . New York, Education, United States
Nickel is a central component of the transition away from fossil fuels, making access to Indonesia’s stocks an objective of greatest urgency. “It’s frustrating.”Money and PowerAt 76, Mr. Luhut remains wiry, spry and prone to nationalist pique. He vehemently rejects the notion that Indonesia — a country of nearly 280 million people — must pick a side or imperil its business with the United States. The animosity between the United States and China was not the only issue causing him angst. Since the ban was introduced in 2014, Indonesia’s exports of nickel products have multiplied more than tenfold, exceeding $30 billion last year, according to government data.
Persons: Biden, , , spry Organizations: National Security Council, Everything, European Union Locations: Jakarta, America, Indonesia, United States, China
Edward Marrinan, macro credit strategy desk analyst at SMBC Nikko Securities America, added: "Credit risk at this point is mispriced." The move prompted a sell-off in equities and slight widening in corporate credit spreads. The average investment-grade bond spreads as of on Thursday were just a few basis points wider than the tightest levels touched this year in July and 16 basis points tighter from January. Junk-bond spreads are 98 basis points inside January levels. "With market consensus now expecting a soft landing, the credit markets are arguably underpricing default risk," BMO’s Krieter said.
Persons: Brendan McDermid, Cindy Beaulieu, Edward Marrinan, Moody's, Daniel Krieter, Krieter, Marrinan, Manuel Hayes, Hayes, BMO’s Krieter, Shankar Ramakrishnan, Davide Barbuscia, Paritosh Bansal, Jonathan Oatis Organizations: NYSE, American Stock Exchange, New York Stock Exchange, REUTERS, U.S . Federal Reserve, SMBC Nikko Securities America, Reuters Graphics Reuters, Investors, Reuters, BMO Capital Markets, London, Insight Investment, Informa, Thomson Locations: New York City, U.S
The AI boom is screwing over Gen Z
  + stars: | 2023-07-17 | by ( Ed Zitron | ) www.businessinsider.com   time to read: +13 min
Now, with the advent of generative AI, organizations are starting to automate many "junior" tasks — stripping away their dubious last attempt to "teach" young employees. America's young workers are headed toward a career calamity. Nobody wants to teach anymoreEven before the rise of AI, young people were facing an early-career crisis. This lack of care is clearly weighing on the young workers who need career development the most. Humans can be enhanced by AI, helped by AI, but replacing them with AI is a shortsighted decision made by myopic bean counters who can't see the value in a person.
Persons: there's, Gen, Gen Zers, it's, Gen Z, Louis, Zers, millennials, Peter Cappelli, Capelli, Paul Osterman, they'd, Osterman, they'll, ChatGPT, Qualtrics, What's, they're, Ulrich Atz, Tensie Whelan, New York University's, Atz, Whelan, , There's, Knight, It's, Ed Zitron Organizations: Management, Federal Reserve Bank of St, National Association of Colleges, Employers, University of Pennsylvania's Wharton School of Business, US Department of Labor, MIT, Pew Research Center, National Bureau of Economic Research, Gallup, Workplace Intelligence, Amazon, Boston Consulting Group, New York, New York University's Stern Center, Sustainable Business Locations: America, New, Fortune
The Politics of Class
  + stars: | 2023-06-22 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
The class inversion in American politics — Republicans’ struggles with college graduates and Democrats’ struggles with the working class — is a running theme of this newsletter. To help make sense of it, I asked four Times Opinion writers to join me in an exchange this morning. And in the past five years, the party has lost ground with working-class voters of color. Dems need to relearn how to talk to working-class voters — to sound less condescending and scoldy. Too many Democrats radiate an aura of, If only voters understood what was good for them, they would back us.
Persons: Republicans ’, , Michelle Cottle, Carlos Lozada, Lydia Polgreen, Ross Douthat, they’re, ” David, Don’t Organizations: Republicans
The Benefits of Getting to Know Your Future Self
  + stars: | 2023-06-17 | by ( Hal Hershfield | ) www.wsj.com   time to read: 1 min
The Benefits of Getting to Know Your Future Self Many of us feel little connection with the person we’ll be decades from now. That can lead to shortsighted behavior that hurts us in the long run.
Persons: Jon Krause
Facebook's going for ubiquity — the platform approach — but it's not working well. For anyone who has watched Apple's pricing strategy over the years, this approach shouldn't have been a surprise. Apple's pricing choice also illustrates a distinctly different pricing strategy than the one taken by Apple's big AR/VR rival, Facebook. But Apple's approach does come with a distinct advantage over Facebook's. If Vision Pro is a dud — or takes forever to gain traction — like Quest, Apple at least won't likely burn tens of billions on its investments in it.
Persons: it's, Apple, Facebook's, Steve Jobs, gizmo Organizations: Apple, Facebook, Quest VR, Quest, Microsoft
Insider: Let's talk about Benny Dugan, the salty, streetwise investigator who works with prosecutors for the Southern District of New York. And I would say, "What makes you think I'm a good person?" Insider: Correct me if I'm wrong, but don't all the good people get bought up by the end of the book? There are at least 57 FBIs — a New York FBI, a Saint Louis FBI, headquarters, the Washington Field Office. I don't think we've grappled with the implications of that, and whether it fits within our normal Fourth Amendment framework.
Persons: James Comey's, Benny Dugan, Dugan, Smith, , — relents, Donald Trump, Trump, Comey, Hillary Clinton, Steele, wasn't Comey, Long, Kenneth McCabe, Benny, Kenny, Nora, I've, John le Carré, that's shortsighted, Matt Parker, James Comey, I'm, You've, Martin Scorsese, they've, Mattathias Schwartz Organizations: Wesson, Trump —, FBI, Southern, of, Justice Department, Twitter, US, CIA, New York FBI, Saint Louis FBI, Washington Field Office, State Department, Justice, New Yorker Mafia, La Cosa Nostra, Cosa Nostra, FISA Locations: of New York, Washington, Brooklyn, New York, Manhattan
In the email, the organizing group encourages employee participation in the walkout by pointing out five areas of concern over Amazon's climate initiatives. Here's what the email says:Emissions that are rising: Amazon's emissions have increased 40%(!!) Partnering with Big Oil: AWS Al and machine learning are being used by Big Oil to greatly accelerate oil and gas discovery and extraction. Amazon launched the Climate Pledge in 2019, committing to reach net-zero carbon emissions by 2040. Partnering with Big Oil: AWS Al and machine learning are being used by Big Oil to greatly accelerate oil and gas discovery and extraction.
The market's affinity for Big Tech stocks this year is "shortsighted," according to portfolio manager Freddie Lait, who said the next bull market phase will broaden out to other sectors offering greater value. Shares of America's tech behemoths have been buoyant so far in 2023. This small pool of companies is diverging starkly from the broader market, with the Dow Jones Industrial Average less than 1% higher in 2023. The gulf between Big Tech and the broader market widened after earnings season, with 75% of tech firms beating expectations, compared to a fairly mixed picture across other sectors and broadly downbeat economic data. Big Tech outperformed for years during the period of low interest rates, and then got a major boost from the Covid-19 pandemic.
CNN —The Equal Rights Amendment (ERA), which states that equal rights under the law cannot be denied on account of sex, has been in a perpetual state of limbo for 100 years. And worldwide, those dreaming of gender equality will have to wait another 300 years, according to the latest United Nations estimates. Arguably, billionaires will land on Mars before we achieve gender equality. With odds like those, it’s well worth asking: What does “achieve gender equality” even mean? It’s past time to give up the ghost of equality and pursue a goal that has hope of transforming women’s lives for the better: freedom.
“A restructuring or spinoff would mean that we lose this revenue as our bank would no longer have the connectivity which our customers value.”With nearly $3 trillion in assets, HSBC is among the 10 largest global banks. And with one of the strongest presences in Asia of any Western lender, the firm is considered well positioned to benefit as China’s economy rebounds from pandemic lockdowns. The insurer is also worried about the firm being hurt by geopolitical tensions between China and the West. HSBC executives dismissed the initiatives as shortsighted and risky, and urged investors to reject them. They were supported by several proxy advisory firms, which counsel investors on how to vote in corporate elections and often have sway among shareholders.
In this case, as in nearly every private equity acquisition, private equity firm benefit from a legal double standard: They have effective control over the companies their funds buy, but are rarely held responsible for those companies’ actions. This mismatch helps to explain why private equity firms often make such risky or shortsighted moves that imperil their own businesses. But it isn’t just that firms benefit from the law: They take great pains to shape it, too. The most prominent of these benefits is the carried interest loophole, which allows private equity executives to pay such low tax rates. Instead, Congress approved an amendment that largely exempted small and midsize companies owned by private equity firms from a new corporate minimum tax.
Their conclusion: 19% of workers hold jobs in which at least half their tasks could be completed by AI. Researchers at Microsoft and its subsidiary GitHub recently divided software developers into two groups — one with access to an AI coding assistant, and another without. Amazon has built its own AI coding assistant, CodeWhisperer, and is encouraging its engineers to use it. Another argument from the optimists: Even as AI takes over the bulk of coding, human coders will find new ways to make themselves useful by focusing on what AI can't do. So maybe, long term, human coders will survive in some new, as-yet-to-be-determined role.
Opinion: How Sudan went from revolution to civil war
  + stars: | 2023-04-17 | by ( Justin Lynch | ) edition.cnn.com   time to read: +8 min
CNN —Four years ago, almost to the day, the people of Sudan were celebrating a revolution after overthrowing longtime dictator Omar al-Bashir. On one side are the Sudanese Armed Forces (SAF), led by Gen. Abdel Fattah al-Burhan. On the other side are the Rapid Support Forces (RSF), a paramilitary group led by Mohamed Hamdan Dagalo, known as Hemeti. Hamdok found that the legacy of 30 years of dictatorship meant that Sudan’s political and economic models were dilapidated. The lesson from Sudan is that a revolution is only the start of change, not the end.
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