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☆ Father of internet warns: Don't rush investments into AI just because ChatGPT 'is really cool'
▼ + stars: | 2023-02-14 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

Google chief evangelist and “father of the internet” Vint Cerf has a message for business executives looking to rush business deals around chat artificial intelligence: "Don’t." Cerf pleaded with attendees at a Mountain View conference on Monday not to scramble to invest in conversational AI just because "it’s a hot topic." "There’s an ethical issue here that I hope some of you will consider," Cerf told the conference crowd Monday. He’s known as one of the “Fathers of the Internet” because he co-designed some of the architecture used to build the foundation of the internet. Cerf warned against the temptation to invest just because th technology is “really cool, even though it doesn’t work quite right all the time."

☆ FBI agents said they thwarted a plot to take out Maryland's power grid after a neo-Nazi and his girlfriend blabbed to an informant
▼ + stars: | 2023-02-06 | by ( Rebecca Cohen | Jack Newsham | ) www.businessinsider.com time to read: +4 min

The FBI says its agents thwarted a plan to take out Maryland's power grid. The FBI said the people accused of planning the attack blabbed to an FBI informant online. The FBI alleges that starting in September of last year, Russell encouraged the informant to plot their own infrastructure attack before including the informant in his planned attack on the Maryland electrical grid. The FBI alleges that Clendaniel was brought in on the plan in January 2023, telling the informant she wanted to "accomplish something worthwhile" before her death. Clendaniel said the plot would be "legendary" if they pulled it off, the FBI alleges in the affidavit.

☆ Tesla just ignited a price war in electric vehicles. Investors should see it as an opportunity
▼ + stars: | 2023-02-06 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +11 min

The event may have created a compelling entry point for investors who have been on the sidelines of the long-term shift to electric vehicles. Electric vehicles are becoming much more popular in the U.S. but still make up a small portion of automobiles on the roads. Cutting prices certainly caught the eye of consumers and boosted interest in Tesla vehicles, according to data from Edmunds. And, there are still issues with electric vehicles that make them impractical for large groups of consumers, said Mike Ward, an analyst at The Benchmark Company. There’s also a huge potential in firms that make batteries, key parts of electric vehicles that are also seeing surging share prices.

☆ The 60/40 investing strategy posted one of its best months ever after a nightmare 2022
▼ + stars: | 2023-02-03 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

After the worst yearly performance ever in 2022 , the standard portfolio of 60% stocks and 40% bonds had a solid rebound in the first month of the new year. The gain was just below the 6.3% total return of the S & P 500 in the same timeframe, recouping losses from December. "We view the rally as sentiment-driven, given how bearish consensus was on 1H23 heading into this year," said Subramanian. .SPX YTD mountain spx ytd Rebound rally The sharp rebound in January was led by the worst-performing sectors in 2022. That's a drastic difference from last year, when both stocks and bonds fell, slamming investors who used the assets to balance their portfolios.

☆ Most analysts are sticking with AMD even after 'partly cloudy' fourth-quarter earnings
▼ + stars: | 2023-02-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

AMD shares popped about 3%. On Wall Street, several analysts reiterated AMD shares as a buy despite the continued overhangs in the chipmaking industry, and project upside for the stock. Goldman Sachs also maintained a buy rating on AMD, saying that despite broader market challenges, the company is on track towards a positive market share trajectory. 'Partly cloudy' results Deutsche Bank analyst Ross Seymore reiterated a hold rating on the stock, citing its "partially cloudy" fourth-quarter results. AMD shares have benefited from January's market and tech shares rally, jumping 16.03% since the start of 2023.

☆ A real-estate investor who's acquired over 50 properties with the BRRRR method shares his best advice for using the strategy in today's market — especially as home prices fall and rents drop around th
▼ + stars: | 2023-02-01 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Sadaram used the BRRRR method, which may be becoming less viable in certain markets. The BRRRR method — that's buy, rehab, rent, refinance, repeat — is a tried and true real-estate investing method that's helped countless investors scale up their portfolios. Federal Reserve Bank of St. LouisFalling home prices and rents make for a daunting environment for real-estate investors, especially those looking to scale up using strategies like the BRRRR method. But Sadaram is still convinced the BRRRR method is the best way to build a portfolio, even in today's market. Sadaram's best advice for using the BRRRR method in today's marketThere are, however, some things investors need to keep in mind amid the bearish environment, he said.

☆ Investors bet the Fed doom loop they've been trapped in will end in the week ahead
▼ + stars: | 2023-01-28 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

Next week is Groundhog Day, not to mention the 30 th anniversary of the theatrical release of "Groundhog Day." The ensuing market retreat culminated in the October low at more than a 25% decline from the S & P's record high. Inflation is decidedly in retreat, fourth-quarter GDP was slow-ish but solidly positive, Fed officials did nothing to push back against market expectations for a quarter-point bump in rates next week. But none of the interim S & P 500 rallies in that period made it as far above the 200-day moving average as the index currently is. Yet even with obligatory macro scares and market switchbacks along the way, it doesn't mean investors necessarily remain stuck in the same old doom loop.

☆ A 2,000-year-old rune stone found in Norway could be the oldest ever, and give a glimpse into ancient writing systems
▼ + stars: | 2023-01-18 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

Scandinavians likely developed Runic writing after first meeting ancient Romans, but it's not clear how old it is. It is covered in primitive runic writing, and archaeologists believe it dates back to between AD 1 and AD 250. However, one word, that can be made out clearly on the stone, could give the stone another meaning. That's when, inspired by Latin writing, early Scandinavians might have started developing their own alphabet, archaeologists say in the press release. By analyzing the stone, Zilmer thinks archeologists can learn more about the early development of runic writing and how they have evolved over time.

☆ The bold bullish case to be made for U.S. stocks — one that not many are voicing just yet
▼ + stars: | 2023-01-14 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

There's a bullish case on stocks that's not gained much traction yet. With another 4%-5% upside in the S & P 500 , the thesis would demand serious attention. A Fed pause? But this time, the S & P 500 had fallen 20% by the time the 10-to-2-year Treasury curve inverted, whereas in past cycles stocks were near a high. The S & P 500 probably needs to reach 4300 — up another 7.5% — to make a solid case for the bear market being over, says John Kolovos of Macro Risk Advisors.

☆ Crypto.com to cut 20% jobs as industry rout deepens after FTX collapse
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +1 min

Jan 13 (Reuters) - Crypto.com said on Friday it would be reducing about 20% of its workforce, as cryptocurrency exchanges face industry-wide challenges brought on by the collapse of FTX last year. A source told Reuters last week that Genesis, too, had cut jobs, equating to 30% of its workforce. Th recent FTX collapse "significantly damaged trust in the industry," Crypto.com Chief Executive Officer Kris Marszalek said in a statement. The collapse of Sam Bankman-Fried's FTX was the biggest in string of big crypto-related failures in 2022. It sparked a cryptocurrency rout and has left an estimated 1 million creditors facing losses of billions of dollars.

☆ Investing Club Mailbag: How to avoid pitfalls when calculating stocks' price-to-earnings multiples
▼ + stars: | 2023-01-12 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Data providers that automatically pull from companies' quarterly releases in calculating trailing price-to-earnings (P/E) sometimes bring in numbers that are not the ones used by Wall Street. However, for trailing P/E purposes, the adjusted earnings-per-share number is usually the one to use. The one-time items are just that, they can change from quarter to quarter or not occur at all. That's why instead of using trailing earnings as our yardstick, we use forward earnings expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Amazon is emerging as a force in digital ads, but here's why we remain cautious on the stock
▼ + stars: | 2023-01-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Amazon 's (AMZN) advertising business is emerging as a primary competitor to Alphabet (GOOGL) and Meta Platform s (META), according to a new Wall Street survey. While encouraged by the growth in its ad business, we still don't think the tech and e-commerce giant has done enough to cut costs to protect margins. In the survey, 50 senior U.S. ad buyers said they anticipate Amazon's ad market share to rise from 6% in 2022 to 7% in 2024. Moreover, 40% of ad buyers believe Amazon will "emerge as a meaningful ad platform alongside GOOG and META." The analysts cited lower revenue from the company's cloud business, Amazon Web Services (AWS).

☆ I worked a seasonal job at Disney so I could have extra money to travel the world
▼ + stars: | 2023-01-01 | by ( Jen Glantz | ) www.businessinsider.com time to read: +6 min

Some people who worked there were obsessed with Disney, but I hadn't even heard of most of the Disney movies. At the time, I was eager to travel to Hong Kong and Taiwan, so I wanted to work a 3-month seasonal job to help me pay for that. I decided to try to work at the same place my brother worked a few years prior, Disneyland Paris. Djeneba, 26, worked a seasonal job at Disneyland Paris so she could earn extra money to travel the world. But it's an easy seasonal job, and by the end of it, you'll understand the Disney magic or, at least whatever it means to you.

☆ Stocks are headed for their worst year since 2008, but some names doubled or more in 2022
▼ + stars: | 2022-12-29 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Stocks may be careening toward their worst year since 2008, but some names are completing a remarkable run after doubling or more in 2022. In 2022, the Dow Jones Industrial Average has lost 8.4%, while the S & P 500 shed 19.2%. These stocks are up more than 100% this year, and include tankers for petroleum products, energy companies such as coal firms, and biotech and pharmaceutical names, according to CNBC. Ardmore Shipping and Scorpio Tankers were the top tanker stocks, both up about 316% for the year. Energy companies came out on top in 2022 following a surge in oil and gas prices — which market participants say will remain elevated given expectations of tight supply ahead.

☆ The world's top investment firms pay Rob Arnott for advice. He shares 2 trades he thinks will deliver 15% annualized returns over the next decade — and breaks down why there's a 'decent likelihood' th
▼ + stars: | 2022-12-28 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

The first opportunity is in international developed market value stocks, which are represented by the EAFE Value Index. Investors can gain exposure to developed market value stocks through funds like the iShares MSCI EAFE Value ETF (EFV) and the Vanguard International Value Fund (VTRIX). The second is in emerging market value stocks, which he said have an average Shiller P/E of 10x. The iShares Edge MSCI EM Value Factor UCITS ETF (EMVL) and the Dimensional Emerging Markets Value ETF (DFEV) offer exposure to emerging market value stocks. The Invesco S&P 500 Pure Value ETF (RPV) is one way to gain exposure to US value stocks.

☆ Expect more choppiness ahead after a week of mixed market signals
▼ + stars: | 2022-12-02 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Driving the action were several key economic reports, including the November ADP employment and nonfarm payrolls reports and the October personal spending report. The comments came after a softer-than-expected ADP employment report, but before a stronger-than-expected nonfarm payrolls report. With these kinds of mixed signals, expect more market choppiness as investors remain on the hunt for more definitive signs that the Fed is winning its war on inflation and can therefore definitively ease up on their hawkish stance. Initial jobless claims for the week ending Nov. 26 were 225,000, a decrease of 16,000 from the prior week and below expectations of 235,000. Finally, on Friday the all-important nonfarm payrolls report was released, indicating a 263,000 payrolls increase in November, above the 200,000 expected.

☆ Stocks finish higher as the Street awaits key inflation data next week
▼ + stars: | 2022-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Stocks finished higher on this holiday-shortened trading week, with all the major U.S. averages posting gains. Under the hood, all sectors closed higher for the week, led by utilities, materials and financials. 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. The U.S. Federal Reserve, alongside global central banks, has been trying to get a handle on soaring inflation.

☆ The number of US adults carrying a loaded handgun every day doubled to an estimated 6 million in just 4 years
▼ + stars: | 2022-11-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

US adults carrying loaded handguns on a daily basis nearly doubled from 2015 to 2019, a new study found. They applied that nationally representative data to the estimated 53 million US adults who owned handguns in 2019, concluding that about 16 million adults carried a loaded handgun at least once a month, and 6 million did so daily. They bought about 18.9 million guns in 2021, a record year surpassed only by 2020, according to estimates by The Trace, a publication dedicated to investigating gun violence. "Between increases in the number of people who own handguns and the number of people who carry every day, there has been a striking increase in handgun carrying in the US," Rowhani-Rahbar said in a press release. "In light of that ruling, our study reinforces the importance of studying the implications of handgun carrying for public health and public safety," Rowhani-Rahbar said.

☆ US reverses position and agrees to put money towards a fund that would help poorer nations address climate change
▼ + stars: | 2022-11-20 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Developed countries at the UN COP 27 summit agreed to create a "loss and damage" climate change fund. The fund would compensate less developed countries bearing the brunt of climate change. It also adds a stipulation that developing countries cannot sue developed countries for these payments. COP 27, or the Conference of the Parties, is an annual summit put on by the UN to address the adverse impacts of climate change. Since the 1992 convention, developing countries have demanded that a "loss and damage fund," facilitated by the UN, be implemented.

☆ China's JD.com says worst is over for consumer demand
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +2 min

Research house TH Data Capital noted in a report that sales growth at JD.com in September was better than that in July and August, driven mainly by consumer electronics, home appliance and FMCG. Revenue grew to 243.5 billion yuan ($34.21 billion) in the three months ended Sept. 30, compared with a Refinitiv consensus estimate from 22 analysts of 242.81 billion yuan. Rival Alibaba reported 3% revenue growth in the three months ended Sept. 30. JD.com's quarterly net income attributable to ordinary shareholders was 6 billion yuan, compared with a net loss of 2.8 billion yuan a year earlier. Excluding one-off items, JD.com earned 6.27 yuan per American Depository Share, beating expectations of a 4.44 yuan profit per ADS.

☆ Uganda university drops mandatory pregnancy tests for students after outcry
▼ + stars: | 2022-11-11 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

CNN —A university in Uganda has withdrawn a requirement for female nursing and midwifery students to take a pregnancy test before sitting their exams, after facing a backlash. Female nursing and midwifery students being asked to take a pregnancy test, at their own cost as a pre-condition for sitting exams is peak nonsense!!! !”Dr. Githinji Gitahi, CEO of non-profit Amref Health Africa, responded by tweeting: “What? Because pregnancy has what to do with exams? I wish you all the best in the forthcoming exams,” he continued.

☆ Market veteran says a new bull market is 'not far away' — and reveals how to play it
▼ + stars: | 2022-11-08 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

The stock market has experienced a series of bear market rallies this year. Demmert said the bear market is now its "third and final phase." It is now in its 11 th month of a typical 12–15-month cycle, according to Demmert — indicating that a bottom could be close. "It's sort of an all-weather company at this point because they have the dominant exposure in that market globally. "That's where people go where they think it's safe, such as Google [parent Alphabet ] and Microsoft in the tech space.

☆ Starbucks delivered solid quarter and guidance, imagine when China fully reopens
▼ + stars: | 2022-11-03 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Estimates were for 4% global growth and 8% in the U.S. China sales dropped 16%. The Q4 operating profit margin contracted to 12.2% from 19.7% in the year ago period due largely to China store closures. Guidance No surprises here, as we mentioned earlier, with management reaffirming the full-year fiscal 2023 guidance provided at the company's Investor Day in September. A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California.

☆ What investors should buy in this 'short lived' rally, according to one analyst
▼ + stars: | 2022-11-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

After October's stock market rally , investors are debating whether stocks have hit the bottom or if it's another short-lived bounce. We're having a little bit of a rally here — I think, again, short lived," he told CNBC's Street Signs Asia on Monday. "Investors should be adding money to the areas that will do OK in a global recession; short the areas that will not." What to avoid Landsberg said he would short tech, high-yield credit, and European assets. His firm has short positions in: ProShares Short QQQ, ProShares Short S & P 500, ProShares Short Russell 2000, ProShares Short MSCI EAFE, ProShares Short Hi Yield and ProShares Short Financials.

☆ We still believe in AMD's future potential, but near-term results make it difficult to see
▼ + stars: | 2022-11-01 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Advanced Micro Devices (AMD) reported fiscal third-quarter results that missed lowered expectations on after the closing bell Tuesday. Revenue in AMD's third-quarter increased 29% to $5.57 billion, missing estimates of $5.62 billion. Data center revenue remains resilient thanks to strong North American cloud demand, where AMD is strongest, while Embedded segment sales benefited from strong end market demand. While the long-term drivers of growth — cloud computing, gaming, and digitization — appear fully intact, the near-term issues must be resolved. Gaming revenue was $1.6 billion, up 14% year over year and also in line with estimates driven by higher semi-custom product sales.

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