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☆ Skull and Bones, Singapore's first major video game title, launches to mixed reviews after decade-long wait
▼ + stars: | 2024-02-21 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Justin Farren, Creative Director at Ubisoft Singapore, reveals "Skull & Bones" during the Ubisoft E3 conference at the Orpheum Theater on June 11, 2018 in Los Angeles, California. Ubisoft Singapore officially launched its first major video game, Skull And Bones, for the PlayStation 5, Xbox Series X/S, and PC on Friday, ending an unusually long development saga that spanned over a decade. Ubisoft Singapore received a grant from the Economic Development Board in 2016 to aid in the development of an "AAA" game title from the city-state. The "AAA" game classification refers to titles that are produced and distributed by large, well-known publishers that will typically have high development and marketing budgets. According to data collected by market research company YouGov in 2020, at least three-quarters of the population in Singapore plays video or mobile games, which jumps to 90% among those aged 18 to 24.

Persons: Justin Farren, Jean, Francois Vallee, CNBC's Organizations: Ubisoft Singapore, Ubisoft, Orpheum, PlayStation, Economic, AAA Locations: Los Angeles , California, AAA, Singapore

☆ Capital One and Discover merger could pose risks to Visa and Mastercard, says Dan Dolev
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapital One and Discover merger could pose risks to Visa and Mastercard, says Dan DolevDan Dolev, Mizuho Securities managing director, joins 'The Exchange' to discuss the likelihood of the Capital One and Discover merger, the potential effects of the merger on the credit industry, and more.

Persons: Dan Dolev Dan Dolev Organizations: Visa, Mastercard, Mizuho Securities, Discover

☆ TD Cowen's Oliver Chen reiterates Walmart's buy rating: It's a 'tech-enabled company'
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTD Cowen's Oliver Chen reiterates Walmart's buy rating: It's a 'tech-enabled company'Oliver Chen, TD Cowen managing director, joins 'Money Movers' to discuss the key highlights from the retail sector's recent earnings announcements, catalysts for Walmart's growth from here, and much more.

Persons: Cowen's Oliver Chen, Oliver Chen, TD Cowen

Former President Donald J. Trump, the front-runner for the Republican nomination, has repeatedly attacked central elements of the Inflation Reduction Act, including tax credits for purchasing electric vehicles. “Otherwise it’s all going to be on the chopping block.”The Inflation Reduction Act contains various tax credits and other subsidies to incentivize companies to deploy more clean energy projects. It also includes tax breaks for consumers to offset the cost of electric vehicles, heat pumps and other energy-efficient appliances. That could cut the number of eligible vehicles, potentially hindering progress toward the Biden administration’s goal of having electric vehicles make up half of new car sales by 2030. The estimated cost of the Inflation Reduction Act’s energy incentives has effectively doubled since it passed, largely because forecasters believe the legislation will be more popular than they originally expected.

Persons: Biden, Donald J, Trump, “ We’ve, Frank Pallone Jr, Thomas Pyle, ’, Pyle, Kevin Book, Sean Rayford, ” Mr, John Ketchum, Ketchum, “ It’s, Mr, Sasha Mackler, David Carroll, we’ve, Carroll, T.J . Kirkpatrick, ” Michael Kikukawa, Lori Esposito Murray, Ms, Murray, Jeanna Smialek Organizations: Republican, Democratic, Company, Biden, House Energy, Commerce, American Energy Alliance, ClearView Energy Partners, The New York Times, NextEra Energy, Republicans, Center, Engie, White, Economic Development, Conference Board, “ Locations: States, China, New Hampshire, America, Indiana, Texas, Irvine , Calif

Spain’s Interior Ministry identified the woman as Ana Maria Knezevich Henao, saying she “disappeared” on February 2 and requires medication. An image posted on Spain’s National Center for Missing Persons website shows a photo of Knezevich Henao with long brown hair and brown eyes. Around the time she went missing, Rameau said received a WhatsApp message from Knezevich Henao that read: “I met someone wonderful!! The website of a computer services company in South Florida, EOX Technology Solutions, lists David Knezevich as the CEO and managing director. It says David Knezevich is Serbian and Knezevich Henao is a native of Colombia and a project manager.

Persons: Ana Maria Knezevich Henao, “, ”, Juan Felipe Henao, Knezevich, Sanna Rameau, Rameau, Henao, David Knezevich Organizations: CNN, Spanish, Ministry, National, for, Police, EOX Technology Locations: Madrid, Barcelona, Spanish, Madrid’s, Salamanca, Serbia, South Florida, Colombia

☆ A top investor in global brands from Airbnb to Snap says we need swift 'guardrails' to get countries on the same page about AI
▼ + stars: | 2024-02-20 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

The CEO of the VC firm General Catalyst told WSJ that international collaboration will be crucial. World leaders should "align on some core protocols" for AI development, he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Now there's this tension where no country wants to be left behind. So far, Russia has lagged behind China and the US in AI development.

Persons: Catalyst, —, Hemant Taneja, Taneja —, Taneja, Joe Biden, it's, Vladimir Putin Organizations: Service, Wall, publication's, US Commerce Department, European Locations: France, India, China, Russia

☆ Australian steelmaker discusses growth outlook after earnings report
▼ + stars: | 2024-02-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAustralian steelmaker discusses growth outlook after earnings reportMark Vassella, BlueScope Steel's managing director and CEO, discusses Nippon Steel's potential acquisition of U.S. Steel and how it might affect its U.S. business.

Persons: Mark Vassella, BlueScope Organizations: Nippon, U.S . Steel

☆ Singapore's AI ambitions get a boost with $740 million investment plan
▼ + stars: | 2024-02-19 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

The Singapore River and Merlion Park in the eveningSINGAPORE — Singapore's plan to invest more than $743 million into artificial intelligence over the next five years could strengthen its position as a global business and innovation hub, tech executives said. In his Budget speech on Friday, Deputy Prime Minister Lawrence Wong said Singapore will invest more than 1 billion Singapore dollars over the next five years to further boost the country's AI capabilities. As part of the investment, Singapore will work to ensure it can secure access to the advanced chips "that are so crucial to AI development and deployment," Wong said. Singapore will also work with leading companies here and around the world to set up AI centers of excellence to spur innovation, he added. Singapore workers are already the world's fastest when it comes to adopting AI skills, according to LinkedIn's Future of Work report released in August.

Persons: Lawrence Wong, Nithin Chandra, Chandra, Wong, Jonathon Dixon, Mao Gen Foo Locations: Singapore, SINGAPORE, Southeast Asia, Kearney, Cloudflare

☆ Megacap U.S. stocks are carrying the rest of the world. Here are the risks, and where to look for diversification
▼ + stars: | 2024-02-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

Megacap tech stocks aren't just powering the U.S. stock market — they're also holding the world together. U.S. equities now comprise 70% of the MSCI World Index, the benchmark for large- and mid-cap companies across 23 developed markets. The MSCI World Index shifts regional and country weights based on broader economic trends. High levels of market concentration in the late 1920s to early 1930s, as well as 2000, coincided with a market top, he noted. The Europe Stoxx 600 has risen only 2.6% year to date, underperforming the U.S. broad market index.

Persons: Goldman Sachs, Scott Rubner, Peter Berezin, Berezin, NVDA, Phillip Colmar, that's, Mike Dickson, Dickson, Warren Buffett's, Colmar, It's, you've, Germany DAX Organizations: Apple, Microsoft, Nvidia, BCA Research, Big Tech, MRB Partners, Horizon Investments, Nikkei, British FTSE, France CAC Locations: U.S, Europe, Colmar, Japan, Asia, Germany, France

☆ Ubisoft Singapore discusses 'Skull and Bones,' its first major video game
▼ + stars: | 2024-02-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUbisoft Singapore discusses 'Skull and Bones,' its first major video gameJean-Francois Vallee, managing director of Ubisoft Singapore, discusses the Friday release of "Skull and Bones," its first major video game which took more than 10 years to make.

Persons: Jean, Francois Vallee Organizations: Ubisoft Singapore

☆ Morgan Stanley's Slimmon names 3 stocks to buy right now: ‘It's going to be a good year for equities'
▼ + stars: | 2024-02-19 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The rise in the index has raised some concerns over valuations, but Morgan Stanley's Andrew Slimmon has a more positive take on the recent market moves. Microsoft In the tech sector, Slimmon named Microsoft as his choice to play the AI boom. This gives it around 16.3% potential upside. The average price target for Ameriprise is $418.03, according to FactSet data, giving it potential upside of around 5.1%. This gives it around 4% upside potential.

Persons: Morgan Stanley's Andrew Slimmon, CNBC's, Slimmon, Ameriprise Slimmon Organizations: Morgan Stanley Investment Management, Microsoft, Ameriprise, Apple, Meta, Nvidia, Tesla, New York Stock Exchange, Euronext, London Stock Exchange Locations: Dublin, Euronext Dublin, U.S

☆ Five moves Walmart is making to overhaul its business for the future
▼ + stars: | 2024-02-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

New York CNN —Walmart, the global mega-retailer that began in Arkansas in 1962, is making huge moves in 2024. It’s making investments in technology and inventory that move it into new businesses and which will alter the Walmart experience of many customers. Stock splitThe mega-retailer announced a 3-for-1 stock split that takes effect this week. A stock split means a single share gets split into multiple shares. Under the plan Walmart announced, people who own shares by close of business on February 22 will get two additional new shares of Walmart for every share they own.

Persons: Doug McMillon, Jeffries, “, ”, McMillon, Burt Flickinger, Blake Droesch, CNN’s Parija Kavilanz, Nathaniel Meyersohn, Elisabeth Buchwald, Alicia Wallace Organizations: New, New York CNN, Walmart, ”, Labor, Consumer, Microsoft, Strategic Resource, CNN, Costco, Telsey Group, Target, Intelligence, FactSet Locations: New York, Arkansas, Las Vegas

☆ Free Shipping and Free Returns From Online Shopping Are Dying. Good.
▼ + stars: | 2024-02-18 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

Well, if you’ve ever bought stuff online and received free shipping or returns, you’ve also been a little bit of a jerk — and now it’s time to pay up. Fast, free shipping and easy, no-cost returns have become a baseline expectation in the modern online shopping experience. Instead of fighting for market share by offering free shipping and no-hassle returns, retailers are trying to squeeze more money out of every transaction. Free shipping is not actually free . Returns are a necessary and inevitable part of online shopping.

Persons: you’ve, —, ASOS, ” Neil Saunders, hasn’t, Emily Stewart Organizations: National Retail Federation, Appriss, Urban Outfitters, Saks, Amazon, Retailers, Business Locations: Zara, J.Crew, what’s

☆ Walmart shrunk by at least 101 locations last year — a smart move for what's next
▼ + stars: | 2024-02-18 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Walmart quietly reduced its store count in 2023 even though the company was doing really well. In addition to closing underperforming stores, the retailer sold at least 79 small-format locations. Given what Walmart has planned for the next few years, the move away from smaller locations makes sense. "Walmart has always struggled with smaller stores," Saunders said. In addition to new stores, many existing locations are being upgraded to Walmart's "store of the future" concept, including 650 projects this year.

Persons: —, spokespeople, Doug McMillon, Scot Ciccarelli, Ciccarelli, Neil Saunders, Saunders, it's, Walmart's Organizations: Walmart, Service, BI, Goods, Truist Securities

☆ Why Monster Beverage is the best-performing stock of the last 30 years
▼ + stars: | 2024-02-17 | by ( Natalie Rice | ) www.cnbc.com time to read: +3 min

It's actually an energy drink company: Monster Beverage . Monster's stock has climbed for decades, along with sales, which have grown consistently for 31 years straight. Between Feb. 14, 1994, and Wednesday, Monster's stock appreciated by about 200,000%. Monster Beverage is a holding company composed of subsidiaries that produce and manufacture drinks including energy, alcohol, teas and coffees. The company attracted the attention of beverage giant Coca-Cola , which entered into a strategic partnership with the company now called Monster Beverage in 2015.

Persons: It's, Rodney Sacks, Hilton Schlosberg, Mark Astrachan, Sacks, Schlosberg, Monster, Nik Modi, Modi, Coke, Monster's, they've Organizations: Monster Beverage, South, Beverage, Energy, Natural Corporation, Capital Markets, Analysts, Nascar

☆ Women in Iceland want you to know it's not a gender equality utopia, despite what the statistics say
▼ + stars: | 2024-02-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +22 min

AdvertisementBoth Icelandic and foreign-born women told BI that though they largely feel safe in Iceland, it's no feminist paradise. "That was like a wake up call for many women," Thorgerdur J. Einarsdóttir, professor of gender studies at the University of Iceland, told BI. Some groups of women are more vulnerable to violence and low wages, including foreign-born women, women with disabilities, and trans women, the interviewees said. Older generations fight so younger ones can flourishBut despite these concerns, the women BI spoke to said that they largely felt safe living in Iceland. Women BI spoke to largely said they felt optimistic about the changes that future generations would bring.

Persons: —, Arni Torfason, Saadia Zahidi, Valenttina Griffin, Grace Dean, Adolphsdóttir, Einarsdóttir, Vigdís Finnbogadóttir, Sigurðardóttir, Iceland's, Halldor Kolbeins, Sonja Ýr Þorbergsdóttir, Þorbergsdóttir, Inclusivity, Alice Olivia Clarke, Mads Claus Rasmussen, Ritzau Scanpix, they'd, Steinars, she'd, she's, Ása Steinars, Alondra Silva Muñoz, Griffin, Silva Muñoz, Sigrún, Rósa, that's, Shruthi Basappa, I've, it's, Jewells Chambers, Silva Muñoz –, millennials –, … Organizations: Service, Viking Women, Stockings, Women's Rights, Nordic, Red Stockings, United Nations, Farmers ' Union, University of Iceland, Getty, Iceland, UN, Statistics, Sweden –, Icelandic Teachers ' Union, SEI Locations: Iceland, Reykjavik, Icelandic, Denmark, AFP, Canada, Norway, Sweden, Statistics Iceland, Colombia, Lithuania, Spain, Poland, India, Chile, WomenTechIceland, it's, Brooklyn, New York City, Thorhildur

☆ Ivory Coast Seizes 100 Tons of Cocoa at the Border With Guinea
▼ + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

That compares with 1,000 CFA francs a kilogram in Ivory Coast, where the price is fixed and guaranteed throughout the year. Global cocoa prices have hit record highs in recent months amid worries about a bean deficit this season and with concerns growing for the next. Ivory Coast and neighbouring Ghana, the world's second biggest producer, have said smuggling hampers their effort to meet their yearly production target. "This year, despite the high price in both countries compared to Ivory Coast, there is less leakage... People are really finding it hard to get cocoa out of Ivory Coast," said Abel Gbale, a cocoa buyer in Danane, the country's last major town before the borders with Liberia and Guinea. Amadou Konate, a cocoa buyer based in Man, the main city in western Ivory Coast, said cocoa producers earn nothing from smuggling and the middlemen pocket all the money.

Persons: Ivory Coast's, Yves Brahima Kone, Kone, Abel Gbale, Amadou Konate, Ange Aboa, Anait Miridzhanian, Bate Felix, Frances Kerry Organizations: Ivory, Cocoa Council, CFA, Reuters Locations: ABIDJAN, Guinea, West African, Liberia, Ivory Coast's, Ivory Coast, Sipilou, Ghana, Danane

☆ Walmart's annuity business will lead into better valuations, says Piper's Ed Yruma
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart's annuity business will lead into better valuations, says Piper's Ed YrumaEd Yruma, Piper Sandler managing director, joins 'Closing Bell' to discuss his high price target on Walmart as the company is set to report next week.

Persons: Ed Yruma Ed Yruma, Piper Sandler Organizations: Walmart

☆ More than 100 years since the Black Wall Street massacre, Tulsa is creating a haven for entrepreneurs
▼ + stars: | 2024-02-16 | by ( Alex Harring | ) www.cnbc.com time to read: +10 min

Overlaid on that picture is the company name, Grier Shoe Shop, and its address — which is part of an area known as Black Wall Street. With these ventures, she's part of a growing class of Black entrepreneurs tapping into Tulsa's history for inspiration and resources for support. He also won a grant from a Black Wall Street organization. The Black Wall Street Mural in the Greenwood district of Tulsa, Oklahoma, on Friday, June 19, 2020. Greenwood, known as Black Wall Street, was one of the most prosperous African-American enclaves in the U.S. before it was burned down by a white mob in 1921.

Persons: Venita Cooper, Parnia Mazhar, Grier, Silhouette, They've, Cooper, Dominick Ard'is, George Floyd, Ashli Sims, she's, Sims, North Martin Luther King, Edna Martinson, It's, Martinson, LaTanya White, he's, Adesanya, Grant Warner, James Lowry, Lowry, who's, Greenwood, Christopher Creese Organizations: Silhouette, NBC News, Tulsa, Build, Art, NBC, North Martin Luther King Jr, Ku Klux, House, Art Basel, Southwest, Black, Stanford, National Bureau of Economic Research, Creative, CNBC, Harvard Business School, Center for Black Entrepreneurship, Black Economic Alliance Foundation, Boston Consulting, Bloomberg, Getty Locations: Greenwood, Tulsa , Oklahoma, TULSA, Tulsa, North, Miami, South, Austin, U.S, PalmPlug, Seattle, America

☆ Target creates its cheapest in-store brand as spending dips
▼ + stars: | 2024-02-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Target is taking aim at budget-conscious customers with a new value brand with prices for everyday basics that start at less than $1. Most of the items cost less than $10, with the cheapest coming in under $1. The entrance of Dealworthy means a shakeup of two other Target budget-focused brands that it produces: Smartly and Up&Up. The former, which largely focused on household essentials like soap and trash bags, will be discontinued and replaced by Dealworthy items. Up&Up, another affordably priced Target brand, is getting a redesign and will be priced slightly higher than Dealworthy.

Persons: Rick Gomez, ” Neil Saunders, ” Saunders, “, Smartly Organizations: New, New York CNN, Target, Walmart, GlobalData, CNN, “ Locations: New York

☆ How Apple could utilize AI
▼ + stars: | 2024-02-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Apple could utilize AIAmit Daryanani, Evercore ISI senior managing director, joins 'Power Lunch' to discuss why he expects a new tailwind for Apple in its AI play.

Persons: Amit Daryanani Organizations: Apple

☆ Nvidia's current price will be very hard to maintain, says Sarah Kunst
▼ + stars: | 2024-02-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's current price will be very hard to maintain, says Sarah KunstSarah Kunst, Managing Director at Cleo Capital, discusses frothiness in the market, led by mega-cap tech.

Persons: Sarah Kunst Sarah Kunst, Capital

☆ Morgan Stanley expected to lay off hundreds of employees from its wealth-management team
▼ + stars: | 2024-02-14 | by ( Lauren Steussy | Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Layoffs are coming for Morgan Stanley's wealth-management division, according to The Wall Street Journal. It's one of the first major moves since Chief Executive Ted Pick took over. AdvertisementMorgan Stanley is trimming from its wealth-management division, according to The Wall Street Journal. The cuts represent about 1% of the total wealth-management division. The wealth-management division has seen some slowing down in recent months.

Persons: Morgan Stanley's, Ted Pick, —, Morgan Stanley, James Gorman, aren't Organizations: Wall Street, Service

☆ Trade Tracker: Joe Terranova sells Twilio
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Joe Terranova sells TwilioJoe Terranova, senior managing director at Virtus Investment Partners, joins CNBC's 'Halftime Report' to explain why he's cutting his losses after only two months of ownership in Twilio.

Persons: Joe Terranova, Twilio Joe Terranova Organizations: Virtus Investment Partners Locations: Twilio

☆ AI could disrupt the 2024 US presidential election. What’s Congress doing about it?
▼ + stars: | 2024-02-14 | by ( Brian Fung | ) edition.cnn.com time to read: +11 min

But with just nine months until Americans head to the ballot box, there are few signs Congress is ready to pass any meaningful legislation on AI. Alex Wong/Getty ImagesSchumer has previously said that with the election nearing, he may seek to fast-track a bill that focuses specifically on AI and election security. Nothing looks likely to move.”Initial momentum on AI regulationFor months, Congress has focused on getting up to speed on the basics of AI. Still other ideas would require “high-risk” AI models to register for a government license, or create a dedicated new federal agency to oversee AI. OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled 'Oversight of A.I.

Persons: Joe Biden, Chuck Schumer, Bill Gates, Mark Zuckerberg, Elon Musk, “, Schumer, Sen, Todd Young, Martin Heinrich, Michael Rounds, Alex Wong, New Mexico Democratic Sen, South Dakota Republican Sen, Mike Rounds, Indiana Republican Sen, didn’t, Paul Gallant, Cowen, ”, Gallant, we’re, Sam Altman, Altman, Heinrich, Rounds, Young, Julia Nikhinson, Sundar Pichai, Jensen Huang, Mike Johnson, Marcus Molinaro, Johnson, Drake, Tom Hanks, Tennessee Republican Sen, Marsha Blackburn, Hakeem Jeffries, Don Beyer, it’ll, Alan Davidson, Biden, Elizabeth Frantz, ” Davidson, —, Sarah Myers West Organizations: Washington CNN, mayoral, U.S, Senate, Capitol, Artificial Intelligence, “, CNN, New, New Mexico Democratic, South Dakota Republican, Indiana Republican, Cowen Inc, United, International Atomic Energy Agency, Intelligence, Reuters, Google, Nvidia, New York Republican, The Washington Post, Commerce, Tennessee Republican, ITI, Virginia Democratic Rep, State of, Republican, House Energy, European Union, EU, Congress, Commerce Department, White House, Privacy, Technology, Democrats, Federal Trade Commission Locations: Washington ,, New Mexico, South, Washington , U.S, Washington

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