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Gradually falling mortgage rates will create a more challenging market, Realtor.com wrote in a new report. They said homebuyers shouldn't wait for lower rates, and buy a home when they're financially ready. Homebuyers shouldn't hold out for lower mortgage rates, as the gradual decline will only encourage other market challenges. Instead, it's best that financially prepared buyers move forward on properties that fit their needs, Realtor.com wrote in on Tuesday. Mortgage rates have been on the decline since peaking at a near-8% level last October, a high not reached since 2000.
Persons: Realtor.com, homebuyers, they're, Homebuyers shouldn't Organizations: Business
It's something that has appeared in fiction writing on imagined future wars but is also being looked at right now. AI "can shape the wargames and actually the whole future of war," Yasir Atalan, an associate data fellow at the Center for Strategic and International Studies, told Business Insider. In February 2023, for instance, the US military let AI successfully pilot a fighter jet and engage in simulated air-to-air combat. Wargaming expert Ivanka Barzashka has also raised concerns that AI may obscure explanations for actions, potentially leading to faulty conclusions. "When people are using these LLMs in their approach, they need to be transparent, they need to show their prompting," Atalan said.
Persons: , Yasir Atalan, Thomas Mort, CSIS's Benjamin Jensen, Dan Tadross, Atalan, Cpl, Yvonna, Alan Turing, Barzashka, Javier Chagoya, it's Organizations: Service, Business, Center for Strategic, International Studies, Naval Postgraduate School, Mobile Education Team, US, CSIS, US Marine Corps, 22nd Marine Expeditionary Unit, RAND, The, Atomic Scientists Locations: Wiesbaden, Germany, London, warfighting
Citi reiterates Snowflake as a top pick Citi said Snowflake remains a top pick at the firm. Citi reiterates Micron as buy Citi said concerns about the stock underperformance is overdone and investors should buy the dip in top pick Micron. "We reiterate our Buy rating on Micron and maintain our price target of $95.00, above its historical average given the DRAM upturn and continued upside." "We are initiating coverage of Duolingo with a Buy rating and $222 price target (12x 2025 revenues)." Citi reiterates Nvidia as a top pick Citi said it's staying long shares of Nvidia.
Persons: Morgan Stanley, Rivian, Snowflake, Berenberg, Eli Lilly, Unilever, Edward Jones, Goldman Sachs, Piper Sandler, Piper, Datadog, Yuka Broderick, Janney, Argus, Wells, VZIO, MGY, Bernstein, it's, Evercore, Davidson Organizations: Citi, US pharma, Staples, Fractyl Health, Investor Relations, Strategic Finance, American Eagle Citi, Watch, Micron, UBS, Netflix, SUN, Kroger, Industry, Deutsche Bank, Deutsche, Seaport, Bank of America, Gas, Semiconductors, Nvidia, AMD, Seagate, Bank of, underperform Bank of America, JPMorgan, Comerica, CMA
But that’s not an accident,” Max Levchin, Affirm’s CEO and a co-founder of PayPal, told CNN in a recent interview. Levchin credits a willingness to say a two-letter word, one that’s not exactly associated with the surging BNPL industry, N-O. It’s that we are honest when we tell them, ‘Hey, we don’t think you should borrow right now.’”Affirm started saying “no” more often in the spring of 2022. That’s when Levchin started observing signs of “financial stress” as inflation surged and gas prices approached record highs. “Say you’re asking to borrow to buy an $800 TV and we really don’t think it’s healthy for you, financially…We can say, ‘That’s too much now.
Persons: “ We’re, that’s, ” Max Levchin, Levchin, “ It’s, ’ ”, , , Max Levchin, Gross, we’ll, ” Levchin, it’s, BNPL, There’s Organizations: New, New York CNN, PayPal, CNN, New York Fed, Target, Walmart, Royal, American Airlines, NY Fed, Federal Reserve, Biden, Trump Locations: New York, Helsinki, Finland, Royal Caribbean, Covid
While some optimists focus on AI's benefits in education, others fear that using AI in classrooms could catalyze cheating and misinformation. This is where AI literacy can be useful. Created within the Stanford Graduate School of Education, CRAFT is a collaborative effort of Stanford education researchers, software developers, and curriculum developers. Lee also told BI that AI literacy in classrooms "should involve recognition of where AI can be effective and where it requires extra vigilance." He said the school also hopes to grow CRAFT's teacher codesign fellowship through which fellows develop AI literacy lessons.
Persons: , OpenAI, Victor Lee, Lee, Matthew Ratz, Ratz, ChatGPT, Erin Reddick, who's, Reddick, Houghton Mifflin Harcourt Organizations: Stanford, Service, Allied Market Research, Arizona State University, ASU, Stanford Graduate School of Education, Montgomery College, TED, Ratz, Houghton Locations: North America, Jasper, Houghton Mifflin
But the firm says rising insurance costs could eventually dampen demand. The researchers then gave each county a composite climate risk score, measured against each area's house price index. AdvertisementA positive relationship also emerged between higher climate risk and population growth, indicating that more people were migrating in than leaving these areas. Others may simply have no intent on selling, and consider themselves too old to experience these rising costs. But changes to property insurance may force prospective buyers to give more attention to climate risks, JPMorgan noted.
Persons: Alexander Wise, Jan Loeys, Risks, Redfin Organizations: JPMorgan, Service, Foundation Locations: Florida
Ten years ago, the CIA cautiously partnered with Ukraine to help gather intelligence on Russia. The agency initially made clear that it would not help Ukraine conduct lethal operations, per NYT. AdvertisementUkraine has relied on a decadelong secret partnership with the CIA to gather critical Russian intelligence and, more recently, carry out lethal operations during the war, according to a new report from The New York Times. The CIA made clear that it would not help Ukraine carry out lethal operations against its adversary, the Times reported. The Biden Administration greenlighted the CIA to provide intelligence critical for Ukraine's lethal operations against Russia, the report said.
Persons: , Viktor Yanukovych, Valentyn Nalyvaichenko, Nalyvaichenko, Volodymyr Zelenskyy Organizations: CIA, Service, The New York Times, Kremlin, Times, Ukraine's Security, MI6, Biden Administration greenlighted Locations: Ukraine, Russia, Crimea
Some workers at The Boring Company experienced injuries including chemical burns, Bloomberg reported. AdvertisementSome workers at The Boring Company have dealt with chemical burns and close-call accidents during the construction of the Las Vegas tunnel system, according to a recent report from Bloomberg. Bloomberg reported that OSHA fined The Boring Company $112,504 last fall after it found eight "serious" violations. A spokesperson from The Boring Company did not respond to requests for comment from Business Insider or Bloomberg. The Las Vegas tunnel is used to ferry people back and forth on Teslas from the Las Vegas Convention Center to other nearby attractions.
Persons: , Musk Organizations: The Boring Company, Bloomberg, OSHA, Boring, Service, The, Company, Las, Conventions, Resorts, Occupational Safety, Health Administration, The Boring, Business, Las Vegas Convention, SpaceX Locations: Las Vegas, Hawthorne , California, Vegas
CNN —The Federal Aviation Administration issued a report Monday sharply critical of the safety culture at Boeing, following two fatal crashes and several years of safety and quality issues at the troubled aircraft maker. Its work included conducting more than 250 interviews and reviewing more than 4,000 pages of documents, and focused on both safety culture and the FAA program that delegates some aircraft certification work to Boeing employees. The panel was not charged with reporting on any specific incident involving Boeing aircraft. “However on several occasions during the expert panel’s activities, serious quality issues with Boeing products became public. In particular, it found Boeing repeatedly revised its Safety Management System – or SMS – manual, which is suppose to guide employees on procedures they should follow to insure planes are safe.
Persons: Boeing’s repreated, , Dave Calhoun, Organizations: CNN, Federal Aviation Administration, Boeing, FAA
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The Meta CEO posted pictures and videos of himself learning to make a Katana, a Japanese sword with a curved, single-edged blade, under the guidance of sword master Akihira Kokaji. AdvertisementThe tech CEO is touring parts of Asia with his family. The trip also involves stops in South Korea and India to meet business and government leaders, the report said. The Meta CEO recently announced he was raising cattle that would drink beer produced on his sprawling estate.
Persons: , Mark Zuckerberg, Akihira, Zuckerberg, akihira.kokaji Organizations: Service, Facebook, Bloomberg, Apple, Business Locations: Asia, Tokyo, South Korea, India
The company has discussed making a smart ring, though it's not actively working on the product, Bloomberg reported. It's also exploring whether it should make smart glasses and put tiny cameras onto AirPods that could bring AI benefits, the report said. Apple has issued a number of patents for smart glasses and smart rings in the past dating back at least 10 years. Apple has also had early discussions about creating smart glasses as a possible alternative to AirPods, the report said. A smart ring would also be a competitor for Oura, and newcomer Samsung's upcoming Galaxy smart ring that it plans to release later this year, which is designed to keep track of health metrics.
Persons: , it's, It's, there's, Mark Zuckerberg, Meta's Ray, Josh Edelson Organizations: Service, Apple, Bloomberg, Apple Watch, Getty, Samsung, Oura Locations: AFP
Elliott was charged with rape, sexual assault, voyeurism, and possession of a controlled substance. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIan Elliott was a respected philanthropist in England until his history of predatory crimes was uncovered, per a police court report. The millionaire, once considered a "pillar'" of the Wisborough Green community in West Sussex, led a double life as a depraved sex offender. AdvertisementElliott's reputation was shattered when police unearthed hours of disturbing videos showing his predatory acts against teenagers and young men.
Persons: Ian Elliott, Elliott, , Miles Ockwell, I'm, Jeremy Gold KC, Ockwell Organizations: Service, Hove Crown Court, Times, Sussex Police Locations: England, Hove, Sussex, West Sussex, London
People working college-level jobs earn 88% more than those with only a high school education, the report said. AdvertisementMost underemployed graduates are in sales and office administrationFor graduates working high school-level jobs five years after finishing college, the most common occupations are clerk (1.09 million graduates), sales supervisor (1 million), retail sales worker (759,000), salesperson (611,000), and secretary (602,000). Health-related work, including nursing, had the lowest underemployment rate, with only 23% of graduates not working college-level jobs five years after finishing their bachelor's. About 27% of underemployed graduates eventually advance to college-level jobs in the next 10 years. Getting an internship in your field of study vastly improves your chances of getting a college-level job, the report said.
Persons: , they're Organizations: Service, , Glass Institute, Strada Education, Business Locations: underemployment
Amazon will pay more than 700 migrant workers roughly $1.9 million to settle claims they suffered human rights abuses as a result of exploitative labor contracts in Saudi Arabia. While they worked at Amazon warehouses, the workers were housed in accommodations that were "overcrowded and dirty, infested with bed bugs and lacking even the most basic facilities," Amnesty wrote. The abuses suffered by workers were so severe that they likely amounted to "human trafficking for the purpose of labor exploitation as defined by international law and standards," Amnesty wrote in the October report. Amazon has disputed regulators' allegations, and it has said it continues to invest in worker safety. WATCH: Amazon's worker safety hazards come under fire from regulators and the DOJ
Persons: Verité, Abdullah Fahad Al, AFMCO, they're Organizations: Amazon, Amnesty, International Consortium of Investigative Journalists, Investigative Journalism, Guardian Locations: Robbinsville , New Jersey, Saudi Arabia
Nvidia chips remain in high demand, especially from tech companies. Its CEO told investors the company was trying its best to allocate them fairly. Mark Zuckerberg recently said Meta would own 340,000 Nvidia H100 chips by the end of 2024. Huang was responding to a question about distributing chips between the companies fighting over a limited supply, many of which are competitors. Last month, Zuckerberg told The Verge that Meta would have more than 340,000 Nvidia H100 GPUs — the main chips companies use to train and deploy AI models — by the end of 2024.
Persons: Mark Zuckerberg, , Mark, Jensen Huang, Huang, Zuckerberg, Meta Organizations: Service, Nvidia, Business
Around 73% of those who don't get college-level jobs in their first year after graduation end up stuck in underemployment 10 years later, the report said. "Graduates who start out in a college-level job rarely slide into underemployment." Graduates who start their careers underemployed are about 3.5 times as likely to be underemployed a decade later, the researchers said. Most American graduates start their careers underemployedFor every 100 graduates in the US, 52 are underemployed in their first year of work, the report said. That means graduates with college-level jobs earn 50% more than their underemployed counterparts, per the report.
Persons: , underemployed Organizations: Service, Strada Education, Glass Institute, Business
Last year, China was surpassed by India as the world’s most populous country. And while some women stop working entirely while raising their children, it makes returning to the workforce incredibly difficult. Women who have children may see a 12% to 17% drop in their wages, the report said, citing research from multiple papers. “Because the current social environment in China is not conducive to women’s childbirth, the time cost and opportunity cost for women to have children are too high,” the report said. The report warned that the falling birthrate could deeply impact economic growth, people’s overall happiness and China’s global standing.
Persons: Organizations: Hong Kong CNN, Research Institute, Communist, Beijing Locations: Hong Kong, China, South Korea, Australia, France, United States, Japan, Communist China, India
Brisbane, Australia CNN —A senior Australian Catholic clergyman has been charged with historical sex offenses allegedly committed while he was serving as the bishop of Broome, a remote diocese in Western Australia. Emeritus Bishop Christopher Saunders was arrested on Wednesday at his home in Broome, where he became bishop in 1996, according to CNN affiliate Seven News. Saunders is the highest-ranking Australian Catholic official charged with historical sex abuse charges since Cardinal George Pell faced court over historical assaults allegedly committed in the late 1990s. Of the survivors who reported being abused in a religious institution, 61.4% said the abuse occurred in a Catholic organization. The Royal Commission into Institutional Responses to Child Sexual Abuse reported that 7% of Australian Catholic priests had been accused of abusing children.
Persons: Australia CNN —, Bishop Christopher Saunders, Saunders, Timothy Costelloe, ” Costelloe, , Costelloe, Cardinal George Pell, Pell Organizations: Australia CNN, Australian Catholic, CNN, Seven News . Police, Australian Catholic Bishops Conference, Catholic Bishops Conference, WA, Police, Australian, Australia’s, Catholic, Royal Commission Locations: Brisbane, Australia, Broome, Western Australia, Rome
Read previewThe vast majority of companies that took part in a massive UK trial of a four-day working week are still on the reduced schedule more than a year later, researchers said Wednesday. The report comes as a follow-up to results published from the largest-ever trial of a four-day working week completed so far. The trial involved about 2,900 workers, and took place from June to December 2022, with companies maintaining existing levels of pay. How the reduced working time was put in place varied from company to company, the study said. Ahead of the trial, companies committed to a two-month preparation period that included workshops and mentoring, as well as support from companies that had already made the move, the study said.
Persons: , Beatrice Nolan Organizations: Service, Business, Workers, UK's University of Cambridge, University of Salford, Autonomy Locations: New Zealand
Gutierrez Reed, Bowles pointed out, was just 24 at the time and had to split her time as both armorer and props assistant. “When the state talks about Ms. Gutierrez Reed being negligent, what really happened is production was negligent,” he said. Gutierrez Reed is the first person to stand trial in a case that has highlighted the movie industry’s safety standards – and this specific set’s violations of them. "Rust" film armorer Hannah Gutierrez Reed has pleaded not guilty to the charges. According to the probable cause statement, Gutierrez Reed also left a cart that contained ammunition unsecured and unsupervised during the break.
Persons: “ Rust, armorer Hannah Gutierrez Reed’s, Halyna Hutchins, Jason Lewis, Gutierrez, , , Jason Bowles, Alec Baldwin, Gutierrez Reed, Bowles, Hutchins, Baldwin, Hannah Gutierrez Reed, Pool Baldwin, David Halls, Gutierrez Reed’s, ” Bowles, , Halls, Lisa Torraco, ” Torraco, Joel Souza, Souza, Mario Anzuoni, Gutierrez Reed “, “ Reed, Melina Spadone, ” CNN’s Josh Campbell Organizations: CNN, Prosecutors, NBC, Getty, KOAT, , Los Angeles Times, Times, Reuters, New, Rust Movie, OHSB, Sheriff's, Getty Images Defense Locations: Mexico, Santa Fe, California, New Mexico
AdvertisementThe think-tank said it calculated child-raising costs in China using 2023 data from the National Bureau of Statistics. AdvertisementIn total, raising a child until they are 18 costs Chinese families an average of 538,312 yuan, or about $73,000, Yuwa said. Middle-income families in the US are projected to spend $233,610 raising a child until they are 18, per the USDA. AdvertisementNotably, the average cost of raising a child in China fell slightly compared to Yuwa's 2022 report on the same topic. The think-tank said data from 2019 showed that the average cost was $76,000, or about seven times the country's GDP per capita at the time.
Persons: , Liang Jianzhang, Huang Wenzheng, Yafu, Yuwa's, Yuwa Organizations: Service, Business, National Bureau of Statistics, Department of, Ministry of Health and Welfare Locations: China, Japan, Beijing, South Korea, Shanghai
CNN —China, the world’s top carbon polluter, is at risk of falling short on its climate targets after approving dozens of new coal plants, according to research published Thursday. In just two years, the country has approved 218 GW of new coal power, enough to supply electricity to the whole of Brazil. China approved 114 gigawatts (GW) of coal power capacity in 2023, up 10% from a year earlier. China’s total power capacity is already sufficient to meet demand, but its inefficient grid is unable to deliver electricity where it is needed, especially across provincial borders, encouraging more plant construction. “This risks significant financial problems for coal power plant operators and potential pushback against the energy transition,” said Lauri Myllyvirta, CREA’s chief analyst.
Persons: CREA, , Lauri Myllyvirta Organizations: CNN, Global Energy Monitor, Research, Energy, Clean Locations: China, Helsinki, Brazil
Google plans to starts producing its Pixel smartphones in India by the next quarter, according to a Nikkei Asia report on Thursday. The report also said Google will begin manufacturing Pixel 8 Pro phones in the April-June quarter, followed by the production of the Pixel 8 around the middle of 2024. Google will be competing with smartphone giants Apple and Samsung in India, as well as Chinese brands vivo and Xiaomi. "For 2023, India's smartphone market maintained stability with 148.6 million shipments overall, a minor drop of 2%," research firm Canalys said last month. Xiaomi continued its robust performance, claiming second place by shipping 7.2 million units.
Persons: Canalys, Xiaomi, Apple Organizations: Nikkei, Google, Apple, Samsung, Research Locations: India, Nikkei Asia, U.S, China
The survey found that excessive administrative tasks such as paperwork are the driving force behind this burnout, with 64% of doctors saying they feel overwhelmed by clerical requirements. Additionally, fewer than 40% of doctors feel confident that their employer is "on solid financial footing." Despite these obstacles, 83% of doctors in the survey said they believed AI could help. While AI is unlikely to solve health-care problems overnight, the survey found that the technology is giving some doctors hope for the future. Around 37% of the AI optimists believe the field is ultimately heading in the right direction, according to the survey.
Persons: Nele Jessel, Athenahealth Organizations: Athenahealth, Physicians, CNBC PRO Locations: U.S
CNN —Israeli civilians suffered “brutal sexual assaults” that were carried out “systematically and deliberately” during Hamas’ October 7 attacks, according to a report published by the Association of Rape Crisis Centers in Israel (ARCCI) on Wednesday. When most of the victims of sexual assaults are murdered, we have a moral and humanitarian obligation to amplify their silent cry,” the report said. According to evidence collected by the ARCCI, men, women, and children were all victims of gruesome sexual abuse on October 7. It is the only organization in Israel whose main aim is to combat sexual violence, according to its website. The allegations include extrajudicial killing, arbitrary detention, degrading treatment, rape and sexual violence, according to a statement by the Office of the UN High Commissioner for Human Rights.
Persons: , , Orit Sulitzeanu Organizations: CNN, Association, Nova, UN, United, Israel’s Ministry of Foreign Affairs, West Bank, Human Rights, Israel Defense Forces Locations: Israel, Gaza, United Nations
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