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We're initiating a new position in Stanley Black & Decker (SWK), buying 100 shares at roughly $89.59 each. Following Wednesday's trade, Jim Cramer's Charitable trust will own 100 shares of SWK, representing approximately 0.32% of the portfolio. This global leader in hand and power tools, household hardware, and engineered fastening systems is getting called up from the Club Bullpen. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stanley Black, Decker, Jim Cramer's, We're, Stanley, Jim Cramer, Jim, Spencer Platt Organizations: SWK, CNBC, Traders, New York Stock Exchange, Getty Locations: United States, New York City

☆ 'AI' is trending in Google searches — but it's not yet to the peak reached by Bitcoin in 2017
▼ + stars: | 2023-06-01 | by ( Asia Martin | ) www.businessinsider.com time to read: +2 min

"AI" is trending in Google searches, but it hasn't yet hit the peak seen by Bitcoin in 2017. An Alliance Bernstein analyst crunched the numbers using Google Trends data. Schilsky's report shows a line chart comparing three search terms: "AI," "metaverse," and "Bitcoin." A screen grab from Google Trends shows what Alliance Bernstein analyst Mark Schilsky pointed out to clients: The peak of search volume for "Bitcoin" is higher than the peak of search volume for "AI" so far. With the trendline for "AI" searches — and its apparent inevitable march to be an ever-more important part of our lives — it's likely only a matter of time before it surpasses "Bitcoin" for search volume.

Persons: Bitcoin, Alliance Bernstein, crunched, Bernstein, Mark Schilsky's, Mark Schilsky, Mark Zuckerberg's, — it's, we're Organizations: Alliance, Google

☆ ChatGPT Secret Training Data: the Top 50 Books AI Bots Are Reading
▼ + stars: | 2023-05-30 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

To figure out what GPT-4 has read, they quizzed it on its knowledge of various books, as if it were a high-school English student. One way to answer the question is to look for information that could have come from only one place. Genre — sci-fi, mystery, romance, horror — is, broadly speaking, more interesting, partially because these books have plots where things actually happen. Bamman's GPT-4 list is a Borgesian library of episodic connections, cliffhangers, third-act complications, and characters taking arms against seas of troubles (and whales). See what a bot makes of Gene Wolfe's "The Book of the New Sun," maybe, or Sheri Tepper's "Grass."

☆ How Much Can a Waffle House Server Earn for $2.92 an Hour?
▼ + stars: | 2023-05-30 | by ( Amanda Claypool | ) www.businessinsider.com time to read: +5 min

Amanda Claypool got a part-time job at Waffle House for $2.92 an hour. I worked at Waffle House for almost 3 monthsI actually liked working at Waffle House. Either way, Waffle House is only legally required to make sure I earn $7.25 per hour. I used the cash tips I earned from Waffle House — around $500 — to make a payment on my credit card. Even if Waffle House wanted to offer higher wages, I'm not sure they'd be able to raise their menu prices to compensate for it.

☆ How risky bank debt makes customers safer
▼ + stars: | 2023-05-25 | by ( Liam Proud | ) www.reuters.com time to read: +6 min

LONDON, May 25 (Reuters Breakingviews) - Bank watchdogs are mulling changes to deposit insurance schemes after a string of lenders failed. That’s a problem for depositors, since long-term debt acts as a buffer for customers too. Forcing the issuance of more long-term bank debt could make them cheaper too. The trickier part is figuring out who ultimately bears the cost of loss-absorbing debt. Relying more on loss-absorbing debt could make such giant ad-hoc bills less likely in the future.

☆ Elon Musk wants to approve every Tesla hire. That could take up to 21 days of non-stop work, not counting sleep.
▼ + stars: | 2023-05-16 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Elon Musk said in an email on Monday that he must approve all new Tesla hires. Elon Musk told staff he wants to approve each person that is hired at Tesla, but that won't be an easy feat. Three current Tesla employees told Insider that they've been told Musk has been heavily involved in the hiring process in the past. In 2019, Insider previously reported that recruiters received an email that all hiring request must receive "evidence" of Musk's approval. Musk and a spokesperson for Tesla did not respond to a request for comment ahead of publication.

☆ Elon Musk wants to approve every Tesla hire. It could take him up to 21 days of non-stop work, not counting sleep.
▼ + stars: | 2023-05-16 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Many people dream of owning a home, but financial planner Nicole Morong believes homeownership is overhyped. Morong encourages people to ask what their true motivations are behind buying a home. Homeownership represents stability, security, and financial success, even though many millennials feel like they'll never reach that milestone. However, financial planner Nicole Morong of Peterkin Financial says buying a home isn't all that it's cracked up to be. It's better financially to invest that money [that I'm saving from renting] than to buy a house."

☆ Samantha Irby Knows How to Trick You Into Thinking She’s Cool
▼ + stars: | 2023-05-13 | by ( Dina Gachman | ) www.nytimes.com time to read: +3 min

My stepkids are 15 and 17, and you know teenagers, nothing exists outside their body or their phone, so they don’t keep me hip. It’s nice to have my pop culture delivered into my ears by people who are funny and know more than I do. It’s my comfort book, which probably means I’m a sicko, but I don’t care! My wife knows that if I say I’m going to make a phone call in the car, it’s definitely to talk about her. Dina Gachman is the author of “So Sorry for Your Loss,” a book of essays about grief.

☆ To my fellow Gen Xers worried AI is going to take your job: Take a chill pill
▼ + stars: | 2023-05-13 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +8 min

Some Gen Xers might worry that the fast rise of AI bodes ill for their job security. In an AI-driven workplace, Gen Xers will have new responsibilities, which could suit them well. For Gen Xers who are the experienced professionals in their organizations, these new responsibilities could turn out to suit them quite well. To be sure, Gen Xers' anxiety that AI has upended their glide path toward retirement is understandable. Gen Xers who are still uneasy about AI — angst is our specialty, after all — can take solace in the numbers.

☆ We're making five price target changes and one rating upgrade after a crazy week of earnings
▼ + stars: | 2023-05-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

AAPL YTD mountain Apple YTD performance Apple (AAPL): We're raising our price target to $185 per share from $175 in response to the strong quarter Thursday evening. LLY YTD mountain Eli Lilly YTD performance Eli Lilly (LLY): We're increasing our price target on Eli Lilly again, this time to $460 per share from $430. Our new price target is in reaction to the positive Alzheimer's drug trial data that was much better than what we expected. HAL YTD mountain Halliburton YTD performance Halliburton (HAL): We are lowering our price target on this North American-focused oil services giant to $40 per share from $48. SBUX YTD mountain Starbucks YTD performance Starbucks (SBUX): We're bumping up our price target to $125 per share from $120 and upgrading our rating to a 1 following the stock's pullback in reaction to the recent earnings result .

☆ Rocket builder Firefly takes on high-speed Space Force mission for crucial next launch
▼ + stars: | 2023-05-06 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +5 min

The Alpha rocket for the Space Force's Victus Nox mission stands on the launchpad at Vandenberg Space Force Base, California. The mission for the military's Los Angeles-based Space Safari team calls for flying a Millennium Space Systems-built satellite on Firefly Aerospace's Alpha rocket — on remarkably short notice. The Alpha rocket for the Space Force's Victus Nox mission stands on the launchpad at Vandenberg Space Force Base, California. Space Force selected Firefly and Millennium for the Victus Nox contract in October, setting off a chain of events starting with the build phase. Firefly's opportunitywatch nowFirefly originally planned to fly a NASA mission on its third Alpha rocket launch, after the company reached space with its second launch in October.

Shortly after the opening bell, we will be selling 100 shares of Salesforce (CRM) at roughly $192.50 each and exiting our small position in Qualcomm (QCOM), selling 230 shares at roughly $103.89. QCOM 5Y mountain Qualcomm YTD performance As for what we are selling, we are moving on from our Qualcomm position. In what has been a tricky market lately, P & G has been resilient thanks to the defensive nature of its business. (Jim Cramer's Charitable Trust is long CRM, QCOM, AAPL, PG. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ These 7 Club holdings are using pricing power to boost profits this earnings season
▼ + stars: | 2023-04-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Pricing power is what's allowing many companies — including seven of our Club holdings — to support revenue growth and enhance, or at the very least protect, profitability during an earnings season marked by a still-elevated inflationary environment. When we're talking about "pricing power," it's the ability of companies with strong brands to raise prices without seeing too much impact on demand. Here's a list of Club holdings with pricing power, starting with a closer look at P & G. PG YTD mountain Procter & Gamble's stock performance year to date. LIN YTD mountain Linde's stock performance year to date. Halliburton has exhibited strong pricing power due to massive demand from global end markets, benefitting from years of under-investment in drilling.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to earn $60,000, $70,000 and $80,000 in interest alone every year in retirementAn "interest-only" retirement plan can fund your retirement without draining your savings, but you will need to save a lot of money to make it possible. CNBC crunched the numbers, and we can tell you how much you need to save every month, broken down by age, to get $60,000, $70,000 and $80,000 every year in an interest-only retirement. Check out this video to learn how much you will need in order to turn that dream into a reality.

It's never too early to start thinking about retirement. While the thought of funding your retirement adequately might be daunting, if you start planning now you'll certainly be thankful later. Retirement usually entails replacing your annual salary from a workplace with other income sources to maintain your current lifestyle. While Social Security may cover part of your budget, the rest of your money will most likely need to come from your savings and investments. CNBC crunched the numbers, and we can tell you how much you need to save now to get $60,000, $70,000 and $80,000 every year in retirement — without taking a bite out of your principal.

☆ Why America's childcare system is crumbling and its workers are begging for help
▼ + stars: | 2023-04-23 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Childcare workers earn less than half what the average US worker earns — and many are quitting. One Montessori school has seen people quit and had to raise tuition in order to cover staff pay. Almost all of the childcare workers in this story asked to be referred to by first name only, out of fear of professional repercussions. And childcare workers specifically in child daycare services make an average of $12.40 an hour. Sinead, a 24-year-old childcare worker in West Virginia, makes even less than the national average for childcare workers, with pay of $9.50 an hour.

☆ Meta is one of the most brutal tech job-choppers so far, axing about a quarter of employees
▼ + stars: | 2023-04-22 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The major tech firms are conducting ongoing, brutal layoffs. We crunched the numbers to see which major tech firms have reduced their headcount the most. According to Insider analysis, Meta follows after announcing cuts that amount to almost a quarter of its workforce, which was around 87,000 staff in 2022. Our analysis doesn't include the third round of Meta job cuts which began this week, reportedly numbering in the thousands. A recent Insider analysis shows that revenue per employee dropped at many of the major tech firms now chopping jobs.

☆ Amazon's worker safety hazards come under fire from regulators and the DOJ
▼ + stars: | 2023-04-15 | by ( Katie Tarasov | ) www.cnbc.com time to read: +8 min

In 2021, Amazon's injury rate was almost 1.5 times the industry average. Jennifer Crane works through pain at an Amazon warehouse in St. Peters, Missouri, after hurting her wrist in October. Amazon worker Jennifer Crane at her house outside St. Louis, Missouri, in 2022. OSHA also cited Amazon for 14 record-keeping violations, finding that the company failed to properly report worker injuries and illnesses. If you're rushing, you're going to make mistakes and someone's going to get hurt."

☆ Can AI answer your money questions? We put chatbots to the test
▼ + stars: | 2023-04-13 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

NEW YORK, April 13 (Reuters) - Face it, we could all use a little help with our money. So who better to ask for personal finance advice than a couple of the most powerful chatbots on the planet? Each has far more processing power than, say, any individual personal finance writer (ahem). That in mind, we asked our AI assistants-slash-overlords these classic personal finance questions:What is one great business idea? I couldn’t leave our new AI friends without asking a deeper question about money and its role in our existence.

☆ In hard times, Corporate America looks out for its CEOs
▼ + stars: | 2023-04-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

See here: Recent filings illustrate the way CEOs are still lavishly compensated even when massive screw-ups happen on their watch. A Southwest representative told CNN that the December cancellations did factor into the bonuses paid out to employees. The boards that make decisions on CEO pay are usually stacked with executives or former executives from other companies who benefit from the system. Often, CEOs of distressed companies — rather than seeing pay cut — receive so-called retention bonuses to encourage leaders not to flee the sinking ship. “When all the numbers are crunched, 2022 is going to be a flat year for CEO pay,” said Reda.

☆ Ether is rallying ahead of major upgrade that will let holders more easily access their tokens
▼ + stars: | 2023-04-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

Ethereum underwent a huge network upgrade called the merge which proponents say will make transactions much more energy efficient. Following the merge, ether prices have dropped following a huge run up ahead of the event. Ether has spiked this week to a nine-month high, ahead of a major network upgrade that some crypto enthusiasts say will make the digital currency a more profitable long-term investment. Currently, over 18 million ether tokens worth about $32.5 billion are staked, meaning that 15% of ether's total supply are considered locked assets. That could signal a buildup of bearish bets leading up to the network upgrade.

☆ Humanity has decided it can say 'no' to AI
▼ + stars: | 2023-04-01 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

The latest development in AI: humanity has decided it can say "no." Elon Musk was one of more than 1,000 people to sign an open letter calling for a six-month pause on advanced AI development. The letter cited several potential risks to humanity and society, including the spread of misinformation and automation of jobs. Bosses have forgotten how to say "good job" — and it's driving employees to quit. Big Tech's big downgrade.

☆ CHARTS: We analyzed revenue per employee to show why Amazon, Meta, and others are axing workers with brutality and speed
▼ + stars: | 2023-03-31 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

One productivity metric to watch is revenue per employee, which has fallen at some big firms. Tech companies swelled in the years up to and during the pandemic, but more manpower didn't necessarily mean more money. The chart shows Amazon, Meta, and Twitter in particular hired heavily from 2018, but also experienced declining revenue per employee. Size isn't everythingAnd how have tech companies fared against each other? The chart above shows Amazon and Salesforce are producing roughly the same revenue per employee as Twitter despite having tens of thousands more workers: each employee at Amazon generated $333,550 in revenue last year, while Salesforce employees generated $394,911.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to earn $70,000 in interest alone every year in retirementAn "interest-only" retirement plan can fund your retirement without draining your savings, but you will need to save a lot of money to make it possible. CNBC crunched the numbers, and we can tell you how much you need to save every month, broken down by age, to get $70,000 every year in an interest-only retirement. Check out this video to learn how much you will need in order to turn that dream into a reality.

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