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☆ Some advertisers are doubling their Amazon spends at the expense of Meta and Google. Here's what's driving the change.
▼ + stars: | 2024-03-12 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Read previewAmazon's push to grow its $47 billion ad business beyond its core search ads is starting to gain steam with advertisers. About 70% to 80% of advertisers' Amazon budgets go to search ads that drive sales, said Laura Meyer, founder and CEO of Amazon agency Envision Horizons. But Amazon is increasingly investing in adtech to grow its ad business beyond search placements and better compete with giants like Meta and Google. AdvertisementPower said that brands often spend 8% of Amazon sales on ads — mostly search ads that drive sales. He said clients are now increasing budgets to represent 12% to 15% of Amazon sales, with the incremental dollars going toward Amazon's adtech formats.

Persons: —, Laura Meyer, Patrick Miller, Mark Power, Power, Horizon's Meyer, it's, Ross Walker, They've Organizations: Service, Amazon, Meta, Google, Business, Trade Locations: Acadia

☆ Biden's laws are pouring billions into new infrastructure and it could be a rare opportunity to make communities safer and more sustainable
▼ + stars: | 2024-03-11 | by ( Eliza Relman | ) www.businessinsider.com time to read: +11 min

The American Society of Civil Engineers gave it a C-minus in 2021 and said the US needed about $2.6 trillion in infrastructure investment over a decade. These include nonvehicle transportation projects such as pedestrian bridges and urban bike paths and neighborhood-level projects like park improvements. Inflation, worker shortages, and other obstaclesAcross the country, there are some key practical challenges to implementing infrastructure projects. Overcoming barriersLocal governments and employers across the country recognize many of the challenges to building and maintaining major projects. Under the Infrastructure Investment and Jobs Act alone, 72 programs "emphasize or allow some type of workforce development activity," a Brookings report found.

Persons: —, Joe Biden, Joseph Kane, Charles Marohn, Marohn, Kane, Drew Angerer, it's, Biden, It's, Greg Gianforte Organizations: Service, American Society of Civil Engineers, Infrastructure Investment, Jobs, Business, Transportation, Brookings Institution, Rail, Potomac, White House, Texas Department, US Department of Transportation, Michigan's, Grant, they're, Biden, Builders and Contractors, Congress, Jobs Act, Brookings Locations: Washington, Strong, Baltimore, Los Angeles, San Francisco, Long, New York, Austin, Austinites, America, Detroit, Brookings, Montana

☆ OnlyFans creators make money selling intimacy to their subscribers. But in a lonely and hostile world, the relationships can start to feel real.
▼ + stars: | 2024-03-06 | by ( Marta Biino | ) www.businessinsider.com time to read: +13 min

OnlyFans creators who spoke with BI said that losing friends and even family members was something adult-content creators often had to come to terms with. AdvertisementEven beyond adult content, creators face an intrinsic element of loneliness. Like other influencers and freelancers, OnlyFans creators often shoot, edit, and post their content alone at home. AdvertisementLike with other types of sex work, navigating OnlyFans can be difficult in a traditional monogamous relationship. Courtesy of LiensueThe money is what makes OnlyFans 'just so worth it'Many creators said money was the key factor that kept them on OnlyFans despite the stigma.

Persons: —, Rae Richmond, she'd, Richmond, Pani Farvid, Keily Blair, Kaitlyn Siragusa, You'd, she's, Elaina St James, I've, St James, Isla Moon, Cherie DeVille, Elaina, James, Amber, doesn't, Farvid, Sweetheart, Marie Lippmann, Liensue, I'm, Emme Witt, OnlyFans, That's, Witt, Siragusa Organizations: Service, The New School, Workers, BI, OnlyFans, California State University, Chico Locations: Richmond, New York, OnlyFans

☆ Premarket stocks: Fed Chair Powell is about to get grilled by Congress. Here’s what markets want to hear
▼ + stars: | 2024-03-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Fed Chair Jerome Powell has a chance to provide more insight when he testifies before Congress on Wednesday and Thursday. Those reports pushed back market bets on when the Fed will start cutting interest rates. Investors will closely listen for any hints from Powell about what the Fed is looking for, data-wise, before it begins to lower interest rates. Powell will also be asked about the economic pain Americans are feeling as a result of elevated inflation and interest rates. When interest rates fall, holding income-paying assets (like bonds) becomes less appealing than owning the precious metal.

Persons: Jerome Powell, there’s, ”, Powell, —, Emanuel Cleaver, Dave Sekera, Claudia Sahm, ” Powell, Krystal Hur, Samantha Murphy Kelly, “, ” Mengmeng Zhang Organizations: CNN Business, Bell, New York CNN, Federal, Investors, Missouri Democrat, Politico, Morningstar, Morningstar . New York Community Bank, Fitch, Moody’s Investors Service, Federal Reserve, Costco, Apple, Counterpoint Research, Huawei, Counterpoint Locations: New York, Missouri, Morningstar ., China

☆ Why a warehouse giant is planning a $25 billion push into data centers
▼ + stars: | 2024-03-06 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

He will fill the newly created role of global head of data centers at the firm. Prologis's push exemplifies the growing interest among investors in data center deals, including players who have not traditionally been involved in the highly specialized industry. Warehouses have squat footprints similar to data centers and are often located in industrial areas that have proximity to the heavy electrical lines and equipment necessary to deliver voluminous power that data centers require. Warehouse growth slows as data centers accelerateDemand for data centers has steadily grown over the past decade, driven by the widespread use of cloud computing and storage across corporate America. Blackstone, for instance, has said it plans to develop as much as $50 billion of data centers in the coming years.

Persons: Chris Curtis, Curtis, Michael Hochanadel, Hochanadel, Harrison, They're, Joseph Ghazal, Ghazal, Hamid Moghadam, JLL, Morgan Stanley, Blackstone, Vince Tibone, Tibone, Prologis's, Ron Kamdem, Moghadam, Carl Beardsley, Beardsley, Chris Crosby, Prince William County, Prologis Organizations: Business, Harrison, Green, Amazon, Google, Microsoft, Brookfield, Blackstone, Compass Locations: San Francisco, Dallas, America, Brookfield, Canadian, Prince William, Virginia

☆ 'Cyber-physical attacks' fueled by AI are a growing threat, experts say
▼ + stars: | 2024-03-03 | by ( Kevin Williams | ) www.cnbc.com time to read: +5 min

He said with the widespread arrival of generative AI, concerns about physical attacks being the next phase of cybercrime have grown. He added that the technology, now boosted by AI, exists to wreak havoc on physical systems. Attacks on physical infrastructure would be tantamount to war, and so far, that is something nation-states have avoided. Experts, though, vary on the threat level from cyber-physical attacks and how much AI is raising it. But while she views the threat of AI-assisted cyber-physical attacks as growing, she said AI also assists the good guys.

Persons: Stuart Madnick, Christopher Wray, —, Madnick, don't, Tim Chase, CISO, Chase, Sivan Tehila, Tehila, Michael Kenney, Matthew B Organizations: Cybersecurity, MIT Sloan, FBI, Congress, Katz School of Science and Health, Yeshiva University, Israel Defense Forces, . University of Pittsburgh, Ridgway Center for International Security Locations: United States

☆ I want to be a tradwife. My twin sister's conventional marriage convinced me.
▼ + stars: | 2024-03-02 | by ( Melissa Persling | ) www.businessinsider.com time to read: +5 min

I was married in my early 20s, and my husband wanted a traditional wife. I was not a traditional wife — or tradwife — and I rarely cooked, scoffed at the idea of having children, and did as I pleased. My perspective on marriage has changed over the yearsI'm not saying I don't think women in my position can live full and gratifying lives. I now see the benefits in the dynamic between a traditional wife and husbandTo me, the dynamic between a working husband and a traditional wife might be the ultimate expression of an interdependent relationship. To be fair, I've also likely romanticized the idea of being a traditional wife.

Persons: —, I'm, I've, It's Organizations: Service Locations: China

☆ PlayStation is laying off 900 people globally — read the full email employees received about it
▼ + stars: | 2024-02-28 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

AdvertisementSony Interactive Entertainment is laying off about 900 people from the PlayStation division. PlayStation Studios' London studio will close, Ryan wrote. Ryan will retire at the end of March, as he wrote in a press release shared in September. In January, Microsoft announced it's laying off 1,900 staff members across Activision Blizzard, Xbox, and ZeniMax. All employees who are part of the collective consultation will be made aware of the next steps today.

Persons: Jim Ryan, Ryan, Jim Organizations: Sony Interactive Entertainment, PlayStation, Asia Pacific, PlayStation Studios, Microsoft, Activision Blizzard, Unity, Business, Sony Locations: Americas, Europe, Japan, Asia, EMEA

☆ Why readers are falling for romantasy stories
▼ + stars: | 2024-02-28 | by ( Scottie Andrew | ) edition.cnn.com time to read: +13 min

But when it comes to the literary flavor that’s dominating readers’ attention in 2024, it’s clear: “Romantasy” reigns supreme. When romantasy protagonists (such as dragon-riders, fairies and fallen angels) aren’t busy saving their worlds, they’re falling deeply in love — often with someone they formerly considered an adversary (the “enemies-to-lovers” trope does big numbers with romantasy readers). Romantasy is breaking through among readers who previously didn’t browse the fantasy aisle — and delighting readers who’ve loved it for years. We talk to authors, experts, longtime fans and recent converts about why readers are flocking to romantasy stories, in which treacherous quests are punctuated by steamy trysts. It’s what bookseller and romantasy fan Gideon Ariel calls “Swiss Army lit” — a subgenre that all readers can enjoy, from longtime fantasy nerds to newcomers.

Persons: Romantasy, aren’t, —, ”, Sarah J, Maas, Rebecca Yarros ’, who’ve, steamy trysts, Taylor Su, CNN Romantasy, Frankie Diane Mallis, Yarros ’, Violet Sorrengail, Gideon Ariel, “, Ariel, romantasy, Diana Gabaldon, Nalini Singh, who’s, couldn’t, Stephanie Meyer’s, ’, Jennifer L, Armentrout, Mallis, TikTok, Patti McConville, I’ve, Gemma Todd, Jayashree Kamblé, ” Kamblé, ” Ariel, Beth Gabriel, ” Mallis, Yarros, Todd, “ Harry Potter ”, ” Todd, Gabriel, She’s, Tracy Deonn, ” Sarah J, ” Rebecca Yarros, ” Travis, ” Silvia Moreno, Garcia, ” Scarlett St, Clair, ” Jennifer L, Ash, ” Rebecca Ross, ” Tracy Deonn, ” Frankie Diane Mallis, ” Nalini Singh Organizations: CNN, New York Times, Arcadia University, Army, Guardian, Bloomsbury, LaGuardia Community College, International Association for, Milwaukee Public Library Locations: bibliophiles, Madison , Wisconsin, Milwaukee, Crescent, Yarros, Wisconsin

☆ Four reasons Walmart wants to buy smart TV maker Vizio
▼ + stars: | 2024-02-27 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

The retail giant announced last week that it plans to buy smart TV maker Vizio in a $2.3 billion deal. Here's a closer look at the major reasons Walmart wants to buy Vizio . Walmart can capitalize on Vizio's reachWhen shoppers think of Vizio, they likely envision store aisles filled with giant TVs. Walmart's in-house TV brand, Onn, currently has a licensing deal with smart TV competitor Roku . Plus, Walmart sees how much money its competitor, Amazon , makes from advertising — and wants to run the same play.

Persons: Joe Raedle, It's, Corey Tarlowe, Dan Day, Jefferies, Tarlowe, SmartCast, Kirby Grines, Vizio, Grines, Michael Morton, you've, That's, Morton Organizations: Walmart, Getty, Jefferies, Netflix, Hulu, Amazon, Riley Securities, Roku Locations: Hallandale Beach , Florida, Irvine , California, MoffettNathanson

☆ 4 reasons why Wall Street fears that Nvidia's hard-earned gains could go up in smoke
▼ + stars: | 2024-02-27 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

In the last 15 months, Wall Street analysts have hailed generative AI as the most impactful innovation in decades and compared its theoretical impact to that of the internet. While the full impact of AI isn't clear yet, companies are under immense pressure to convince investors that they're not falling behind. "We can't envision any of these large cloud companies or consumer companies pulling back on AI spending anytime soon," Colello said. UBS"This is not always a harbinger of slowing revenue growth and a concentrated H200/B100 launch could be adding to near-term opex," Arcuri wrote in a recent note. AdvertisementDespite what Nvidia's recent performance suggests, Wall Street is notoriously tough to please.

Persons: —, Morgan Stanley, Steve Sosnick, Wedbush's Dan Ives, who's, Marcelli, they're, Sosnick, Brian Colello, Colello, They're, we're, Vivek Arya, Arya, Michael Landsberg, Landsberg, Jason Draho, Draho, Timothy Arcuri, Arcuri Organizations: Service, Wall Street, Business, Nvidia, Interactive, Bulls, Bank of America, Wedbush Securities, UBS, UBS Global Wealth Management, Morningstar, Landsberg Bennett, Wealth Management

☆ I've been a celebrity stylist for over 10 years. Here are 10 things you'll never find in my closet.
▼ + stars: | 2024-02-26 | by ( Sandra Okerulu | ) www.businessinsider.com time to read: +7 min

I've been working as a celebrity stylist for over 10 years, and I've seen my share of bad trends. AdvertisementI've worked as a celebrity stylist for over a decade, so I've seen plenty of trends come and go — many of which will never make their way into my closet. Wedges are heavy, and the style isn't here to stayI'm 5-foot-9, and I love showing off my legs by wearing shoes that give my ankles a run for their money. If you think I'm wrong, trying packing them for a trip. But when I'm wearing colors, I feel bold, beautiful, and ready to face new challenges.

Persons: I've, I'm, —, Jessica Simpson, Sandra Okerulu, Crocs weren't, they're, I'd Organizations: Service, Air Force Locations: Tahiti

Mickey Todiwala | CNBC Make ItShe first learned about the program from her husband, who'd read about it online. Mickey Todiwala | CNBC Make ItRubia Daniels says her background in construction is helpful to envision what her final space will look like. On one recent visit to Mussomeli, Daniels brought along two fellow Californians, Alfredo Ramirez and his mother, Elena, to tour the houses. Meredith Tabbone 1-euro homeowner from ChicagoTabbone flew to see her new home for the first time in June 2019. Mussomeli, Sicily, has seen its population decline from roughly 16,000 in the 1950s to less than 10,000 today.

Persons: Rubia Daniels, Daniels, who've, Vittorio Sgarbi, Mickey Todiwala, Toti, who'd, didn't, she's, Alfredo Ramirez, Elena, Meredith Tabbone, Tabbone, Chicago Tabbone, I've, Danny McCubbin, who's, Jamie Oliver, McCubbin, Mussomeli, Prezioso, Natalie Milazzo, Milazzo, Nigrelli, Martina Giracello, Gianluca Militello, Giracello, It's, Meredith Tabbone Tabbone Organizations: CNBC, realtors, U.S Locations: Sicily, Berkeley, Calif, Italy, Salemi, Towns, Sicily's, Palermo, Belgian, Mussomeli, California, Petaluma , Calif, Sambuca, Sicilia, Chicago, United States, Australia, London, Mussomeli's, Milan, Cammarata, Caltanissetta, Europe, Africa, Airbnbs

☆ Can the Olympics Rejuvenate One of France’s Poorest Corners?
▼ + stars: | 2024-02-20 | by ( Liz Alderman | Catherine Porter | ) www.nytimes.com time to read: +1 min

Parisians are already grumbling about the crowds for this summer’s Olympics. They envision sweaty tourists jamming the subway cars, making the hell of commuting even more, well, hellish. They are planning their summer escapes; at worst a “télétravail” schedule to work from home. Glancing out at a corner known for drug dealing near his family’s kebab shop in the low-income district just north of Paris, he sees the upcoming Olympics as heralding something totally different: opportunity. “They are redoing the streets and refurbishing buildings,” said Mr. Buyukocakm, as a woman in a thin coat dragged a grocery trolley toward a dilapidated housing project.

Persons: Ivan Buyukocakm, ”, Buyukocakm, Denis Locations: Paris, Seine

CAPE CANAVERAL, Fla. (AP) — Astronomers have discovered what may be the brightest object in the universe, a quasar with a black hole at its heart growing so fast that it swallows the equivalent of a sun a day. The record-breaking quasar shines 500 trillion times brighter than our sun. The black hole powering this distant quasar is more than 17 billion times more immense than our sun, an Australian-led team reported Monday in the journal Nature Astronomy. The rotating disk around the quasar's black hole — the luminous swirling gas and other matter from gobbled-up stars — is like a cosmic hurricane. Further analysis shows the mass of the black hole to be 17 to 19 billion times that of our sun, according to the team.

Persons: —, Christian Wolf, ”, Priyamvada Natarajan Organizations: —, Australian National University, Southern Observatory, ” Yale, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, Australian, gobbled, Australia

☆ The American who bought a home in Italy and found ‘big surprises’ inside
▼ + stars: | 2024-02-16 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +8 min

CNN —Buyers from all over the world are snapping up charming old houses in isolated villages in Italy. Chicago-based saxophonist Joshua Shapiro, 48, embarked on the quest for la dolce vita as the first step toward a change of life. Many empty homes featured on the local website where owners meet buyers are sold or rented with furniture, but what eventually ends up being left inside is usually negotiated between parties. Courtesy Joshua ShapiroThere was also a bizarre encounter when he first went to take a peek inside the house he had just bought. Accompanied by Castellano, the deputy mayor, Shapiro says he was surprised to find it had tenants inside – a group of elderly nuns.

Persons: we’ll, Stanley Tucci, Joshua Shapiro, “, ” Shapiro, ”, Shapiro, MC Newman Shapiro, Latronico, he’d, –, – it’s, Vincenzo Castellano, – Shapiro, Castellano, Latronico’s Organizations: CNN, intel Locations: Italy, . Chicago, United States, Latronico, Basilicata, Europe, Florence, Rome, Bari, –, American, Chicago

WASHINGTON (AP) — Wholesale prices in the United States accelerated in January, the latest sign that some inflation pressures in the economy remain elevated. In the second half of 2023, the Fed's favored measure showed that prices rose at just a 2% annual rate, matching its inflation target. Most economists now envision a rate cut in May or, perhaps more likely, in June. Some Wall Street traders and economists had expected the Fed to implement its first rate cut as soon as March. Most economists now envision a rate cut in May or, perhaps more likely, in June.

Persons: Joe Biden’s, Biden, Powell Organizations: WASHINGTON, —, The Labor Department, Fed Locations: United States

☆ REDs: These young athletes were bound for stardom until a mysterious condition derailed their running careers
▼ + stars: | 2024-02-15 | by ( Issy Ronald | ) edition.cnn.com time to read: +14 min

CNN —They were two exceptionally promising athletes, seemingly bound for track and field stardom, when their careers were derailed by a condition that doctors and researchers say they are only now beginning to understand. ‘Instituional buy-in’REDs’ symptoms can affect anyone, particularly athletes training in a culture that celebrates overtraining and undereating – or that has an unhealthy relationship with weight. Eventually, her blog morphed into Project RED-S – a site filled with resources for athletes, coaches and supporters. Access to “dietician input … and appropriate psychological support if it’s needed,” can also help prevent and treat REDs, Dr. Jawad says. Woolven’s Project RED-S aims to provide that support she lacked and initiatives like this allow Cain to envision a future that “looks really bright.”“I’m hopeful,” Cain says.

Persons: CNN —, Mary Cain, Pippa Woolven, Martin Rickett, ” Dr, Farrah Jawad, wouldn’t, Dr, Kathryn Ackerman, Cain, Woolven, you’re, ”, “, Eric Draper, marathoner Alberto Salazar, “ It’s, you’re undereating, Salazar, Women’s, ” Salazar, Jessica Rinaldi, ” Cain’s, Dave Thompson, ” accidently, ‘ Instituional, Ackerman, ‘, Nobody, Jawad, Matt Dunham, “ it’s, ” Cain Organizations: CNN, Championships, Florida State University, REDs, British Universities, Colleges Sports, Pure Sports, CNN Sport, IOC, Harvard Medical School, Sports Medicine Division, Boston Children’s Hospital, Nike Oregon Project, Reuters, The New York Times, Nike, Oregonian, Oregon Project, Sports, Doping Agency, New York Times, Florida State, ’ REDs, Health, New, National Trust, Atalanta NYC Locations: London, British, Tallahassee, “, America, ”

☆ Wall Street learns an important lesson. Don’t fight the Fed
▼ + stars: | 2024-02-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

That sudden volatility highlights something that we often write about in Before the Bell: the major mismatch between policymaker and investor expectations for interest rate cuts this year. Federal Reserve officials, including Chair Jerome Powell, have repeatedly said they envision at most three rate cuts in 2024. Wall Street, meanwhile, has ignored those warnings and has opted to practice unflinching optimism instead. It’s not the first time they’ve had to learn an important lesson: Don’t fight the Fed. Bad for the markets, good for the Fed: Markets clearly don’t often take kindly to higher-for-longer interest rates, which can negatively impact earnings and stock prices.

Persons: New York CNN —, Jerome Powell, Dow, It’s, they’ve, Don’t, –, ”, Quincy Krosby, Arnim Holzer, José Torres, Chris Zaccarelli, doesn’t, ” Carl Icahn, Carl Icahn, Icahn, Chris Isidore, JetBlue’s, Samantha Delouya, Lyft, Erin Brewer Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Nasdaq, of Labor Statistics, BLS, Treasury, LPL, Fed, Interactive Brokers, CPI, Independent, Alliance, JetBlue, Spirit Airlines, Analysts Locations: New York, December’s, “, ”

☆ Joe Biden growing more frustrated with Netanyahu as Gaza campaign rages on
▼ + stars: | 2024-02-12 | by ( Kevin Liptak | Mj Lee | ) edition.cnn.com time to read: +5 min

But he has become increasingly critical of Israel’s tactics, saying last week he believes the campaign in Gaza is “over the top,” one of his sharpest condemnations to date of the military effort against Hamas. Some officials now wonder how much longer Biden will withhold public criticism of Netanyahu as the war rages on. The president’s comments last week on Israel’s tactics reflected sentiments he has been voicing behind the scenes for a while, one person familiar with the matter said. The majority of a 45-minute phone call between Biden and Netanyahu on Sunday was about the hostages deal, according to an official. Netanyahu, meanwhile, offered Biden praise over the weekend as the president was combatting questions about his age and mental acuity.

Persons: Joe Biden, Benjamin Netanyahu, Biden, Netanyahu, Antony Blinken, “ Bibi, ” Biden, Robert Hur’s, he’s, “, ” Netanyahu Organizations: CNN, Sunday, United, ABC News Locations: Gaza, Israel, Rafah, United States

☆ Is Patrick Mahomes the greatest QB ever? The Kansas City Chiefs superstar is making his case at age 28
▼ + stars: | 2024-02-10 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +10 min

The NFL has a host of candidates that can lay claim to this title, but Patrick Mahomes is already making his case, just seven seasons into his NFL career. This was supposed to be the year where a few cracks might be appearing in the Chiefs dynasty, but we have been taught to never bet against the Kansas City quarterback. “He has become an international star, but he’s also elevated Kansas City alongside him,” Nate Taylor, Chiefs writer for The Athletic, told CNN Sport. Kansas City has a new international airport, it’s very nice. Gregory Shamus/Getty ImagesWith a 14-3 overall playoff record, Mahomes has already matched Hall of Fame quarterback Peyton Manning’s postseason win total for his entire career.

Persons: Patrick Mahomes, Travis Kelce, Mahomes, Jamie Squire, I’ve, ” Nate Tice, podcaster, ” Patrick Mahomes Sr, –, “, ”, Tice, he’s, ” Nate Taylor, ’, Terrance Williams, Taylor, He’s, “ He’s, Steph Curry’s, ’ ”, Tom Brady, Brady, Vince Lombardi, Gregory Shamus, Peyton Manning’s, Joe Montana, ” Tice, Jason Behnken, Kelce, Lamar Jackson, Sarah Stier, “ Patrick’s Organizations: CNN, NFL, Football, Kansas City Chiefs, Chiefs, Star, Kansas City, CNN Sport, The Athletic, AFC, Super, Philadelphia Eagles, of Fame, Mahomes, Miami Dolphins, Buffalo Bills, Baltimore Ravens Locations: Kansas, America

☆ Neuralink is less advanced than these 4 brain-computer devices. See Elon Musk's competition.
▼ + stars: | 2024-02-08 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +10 min

Elon Musk's brain-computer interface company, Neuralink, has implanted into a first human patient. AdvertisementElon Musk announced his brain interface company, Neuralink , implanted its first human brain chip last week. Courtesy of Blackrock NeurotechToday, most people who have a BCI implanted in their head have a Blackrock device. For now, all implanted BCIs are a way for people with severe forms of paralysis to regain independence, using their thoughts to control devices and access the internet. The neurodegenerative condition rendered key muscles in her face limp, but a BCI device is helping her communicate again.

Persons: Elon, Musk, who've, —, Elon Musk, you'd, Blackrock Neurotech, Florian Solzbacher, Marcus Gerhardt, BrainGate Pat Bennett, Steve Fisch, Stanford Medicine BrainGate, Matthew Nagle, Nagle, they're, Gerhardt, Leigh Hochberg, Synchron, Dr, Thomas Oxley, Angela Weiss, stentrode, Musk —, Max Hodak, Hodak, didn't, Ann Johnson, Dutchman Gert, Jan Oksam, Oksam, we'll, Stephen Hawking Organizations: BCI, Service, Twitter, Blackrock, Blackrock Neurotech, Stanford Medicine, Brown University, BrainGate, Getty Images, Reuters, Bloomberg, University of California, Lausanne University, California –, Elon Locations: Massachusetts, Utah, Blackrock, Getty Images Brooklyn, Australia, San Francisco, Switzerland, California

☆ High-yield bonds will be one of the top performers this year, according to State Street. Here's why
▼ + stars: | 2024-02-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Investors looking for income should be well-rewarded this year, once again, buying high-yield bonds, according to State Street. He's predicting high-yield bonds will again be one of the top-performing fixed-income sectors in 2024. High-yield bonds currently have spreads of 3.43 percentage points relative to Treasurys, according to the ICE BofA US High Yield Index Option-Adjusted Spread . Of course, investors should understand that high-yield bonds carry more risk than investment-grade debt. "They should be balancing the quality characteristics of high-yield bonds relative to the yield that those bonds are providing," he said.

Persons: Michael Arone, Arone Organizations: Bloomberg, Federal, ICE, CNBC Locations: United States

House Republicans have accused Mayorkas of not complying with immigration laws when it comes to the southern border. The House focused on Mayorkas as efforts to impeach President Joe Biden have been met with less enthusiasm. But due to its razor-thin majority in the lower chamber, the GOP can only lose three Republican votes to secure impeachment if all of the party is in attendance – and they’ve already lost two. The Best Political Cartoons on Congress View All 135 ImagesRep. Ken Buck of Colorado as well as Rep. Tom McClintock of California will vote against impeaching Mayorkas. “We’re whipping Republican votes,” Emmer told CNN on Monday.

Persons: Alejandro Mayorkas, Joe Biden, they’ve, Ken Buck, Tom McClintock, impeaching Mayorkas, ” Buck, “, ” McClintock, Tom Emmer, Mayorkas, “ We’re, ” Emmer Organizations: Homeland, Republicans, GOP, Republican, CNN, Democratic Locations: Colorado, California, “

☆ For investors who scored big on Meta, a way to protect those profits and generate income
▼ + stars: | 2024-02-02 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

Meta Platforms (META) , formerly known as Facebook, is setting new highs following an absolute blowout earnings report and dividend initiation. META 1Y mountain Meta, 1-year For clarity, this is not a bearish view on Meta. Meta was my largest 2023 holding in the Essential 40 Stock Fund (ESSIX) portfolio that I manage. DISCLOSURES: (Long FB, sold call spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Meta Organizations: Facebook, Meta, RSI, FB

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