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☆ Coinbase rally is setting itself up for a bigger fall when it reports, says Mizuho’s Dan Dolev
▼ + stars: | 2024-02-09 | 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 EmailCoinbase rally is setting itself up for a bigger fall when it reports, says Mizuho’s Dan DolevDan Dolev, Mizuho Americas managing director, joins 'Fast Money' to talk what to expect from Coinbase earnings, the state of the crypto space and more.

Persons: Dan Dolev Dan Dolev Organizations: Mizuho Locations: Mizuho Americas

☆ ‘A false sense of security’: Experts say delta-8 THC products can still be dangerous
▼ + stars: | 2024-02-09 | by ( Jen Christensen | ) edition.cnn.com time to read: +8 min

Delta-8 THC, or delta-8 tetrahydrocannabinol, is one of more than 100 chemical compounds found in the Cannabis sativa plant. To make delta-8 products, scientists typically make synthetic versions in the lab. Unlike regulated medical products like acetaminophen, which must have uniform ingredients and doses, the contents of delta-8 products vary from product to product — sometimes even from batch to batch. She also encourages people who buy delta-8 products to store them safely so children can’t get to them. Until there are more regulations on the products, experts said, poison centers will still get calls about delta-8 and other cannabis products.

Persons: Daniel Kruger, ’ ”, can’t, Kait Brown, ” Brown, Brown, ’ ” Brown, Kruger, Cassidy LoParco, aren’t, LoParco, They’ve, ” LoParco, Dr, Sanjay Gupta, “, you’re, ” Kruger Organizations: CNN, Centers, Jacobs School of Medicine, Biomedical Sciences, University at Buffalo, State University of New, US Food and Drug Administration, Federal Trade Commission, George Washington University, National Cannabis Industry Association, Delta, HHC, CNN Health Locations: State University of New York

☆ Why Hollywood should be terrified of YouTube, not Netflix
▼ + stars: | 2024-02-09 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Its advantage wasn’t lost on Netflix cofounder and former CEO Reed Hastings, who’s namechecked YouTube as a threat to Netflix. YouTube has become a media giant without Hollywood contentMany in media dismiss or overlook YouTube because it doesn’t look like a Hollywood player. Its TV business, YouTube TV, is a bundle of other people’s channels. And YouTube TV is now the fourth-largest pay-TV service in the country, with more than 8 million subscribers. The real threat is that Netflix and YouTube dominate and everyone else fights over a tiny slice of pie.

Persons: It’s, wasn’t, Reed Hastings, who’s, Nielsen, Z, it’s, Gen Z, Forrester, Dan Salmon, Martin Scorsese, Brian Albert, Google's, Neal Mohan, he’s, ’, YouTube’s, isn’t, can’t, else’s, Piper Sandler’s Organizations: Service, Netflix, Disney, Business, YouTube, Nielsen YouTube, Hollywood, Street Research, Amazon Prime, Google, Hulu Locations: Hollywood

☆ It’s not just Taylor Swift: Record number of private jet flights expected for this year’s Super Bowl
▼ + stars: | 2024-02-09 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

Story highlights Clark County expects more than 1,000 private jets -- a record -- to fly in for the Super Bowl. New York CNN —No one’s trip to the Super Bowl is getting more attention than Taylor Swift. The Super Bowl typically draws the highest number of US private jet flights of any event during the course of a year, according to WingX, which tracks private jet traffic. So it’s not surprising that the city’s first Super Bowl could be a record breaker for private jet traffic. The impact on climateThe attention to Taylor Swift’s private jet travel plans has brought some attention to the climate change implications of those flights.

Persons: Taylor Swift, she’s, it’s, Harry Reid, They’ll, ”, Joe Rajchel, WingX, Rajchel, “, That’s, Taylor, Richard Koe Organizations: Super, New, New York CNN, Miami, Harry Reid International Airport, Las, Allegiant, Henderson Executive Airport, Federal Aviation Administration, Clark County Department of Aviation, Las Vegas, Prix, FAA, National Football League, Super Bowl, CNN, Jet, International Energy Agency, Institute for Policy Studies, Private Locations: New York, Tokyo, Vegas, Clark, Las Vegas, Phoenix, Boulder City, Hoover, California, Washington

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin breaks above $45,000 to highest level since day after spot ETFs went live: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Tal Cohen, Kraken USA managing director, explains how the introduction of spot bitcoin ETFs in the U.S. impacts the crypto exchange.

Persons: explainers, Tal Cohen, Kraken Organizations: CNBC Crypto, CNBC, Kraken USA Locations: U.S

☆ Markets: China isn't 'following the script' of the West, investment firm says
▼ + stars: | 2024-02-08 | 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 EmailMarkets: China isn't 'following the script' of the West, investment firm saysMark Tinker, chief investment officer and managing director at ToscaFund Hong Kong, says the West "spent years assuming that China was just another emerging market."

Persons: Mark Tinker Organizations: Markets Locations: China, ToscaFund Hong Kong

☆ Ex-TikTok executive says she was fired because she 'lacked the docility and meekness' required of women at the company
▼ + stars: | 2024-02-08 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAn ex-managing director at TikTok has accused the company behind the popular social media app and its China-based owner of unlawfully firing her because the corporate big-wigs deemed she "lacked the docility and meekness" required of women working there. "Zhang and other corporate executives determined that Ms. Puris lacked the docility and meekness specifically required of female employees," the complaint says. "By the second quarter of 2021, it became very evident that Ms. Puris was on Lidong Zhang's 'kill list,'" the lawsuit says. "Part of Lidong Zhang's 'kill list' approach was to build a case against any employee he placed on the list and instruct other employees to do the same."

Persons: —, Katie Ellen Puris, Lidong Zhang, ByteDance, Puris, United States —, Zhang, TikTok, Marjorie Mesidor, Monica Hincken Organizations: Service, Business, TikTok's New, TikTok Inc, Google, Facebook, Cannes Lions, Cannes Lion Locations: TikTok, China, New York, Beijing, TikTok's New York, United States, France, Lidong

☆ India is the new Asia growth story. Here’s why investors are bullish on the outlook
▼ + stars: | 2024-02-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

As China's property market and deflation woes continue to rattle investors, India's growth outlook appears all the more impressive. Last year's annual report attributed strong revenue growth partially to expansion in the Middle East, India, and Asia, Krishna wrote. "More than revenue, India is an important area for sourcing talent" as well, Krishna wrote. Growth potential For investors looking to gain exposure to the domestic stock market, Indian equities themselves aren't especially cheap though. "You're paying for the growth potential in India, certainly.

Persons: Morgan Stanley, Chetan Ahya, Ahya, Bernstein, —, Narendra Modi, Bill Fitzpatrick, Fitzpatrick, Quincy Krosby, Venu Krishna, Aecom, Krishna, Tim Long, Long, Simon Coles, Krosby, Jeffrey Gundlach, Gundlach, CNBC's, — CNBC's Michael Bloom Organizations: Investment, Logan Capital Management, Modi, Infrastructure Pipeline, Aecom, Barclays, Cisco Systems, Juniper Networks, India —, Semiconductor, Micron Technology, Qualcomm, Logan Capital Locations: India, China, Asia, Philadelphia, South Carolina . U.S, Dallas, East, Asia Pacific, Japan, Coles , U.S, U.S, IShares

☆ Kraken USA managing director explains impact of spot bitcoin ETFs on crypto exchange
▼ + stars: | 2024-02-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKraken USA managing director explains impact of spot bitcoin ETFs on crypto exchangeTal Cohen, Kraken USA managing director, sat down with CNBC Crypto World to discuss how the introduction of spot bitcoin ETFs in the U.S. impacts the crypto exchange and how the company is operating amid a regulatory crackdown in the United States.

Persons: Tal Cohen, Kraken Organizations: USA, Kraken USA, CNBC Locations: U.S, United States

☆ The Fed is not in a 'hurry' to cut interest rates, says Oppenheimer's Ari Wald
▼ + stars: | 2024-02-08 | 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 EmailThe Fed is not in a 'hurry' to cut interest rates, says Oppenheimer's Ari WaldAri Wald, managing director and head of technical analysis at Oppenheimer, joins 'The Exchange' to discuss what the bond market suggests, where S&P is headed, and more.

Persons: Oppenheimer's Ari Wald Ari Wald, Oppenheimer

☆ One of Wall Street's favorite ways to control workers is under attack
▼ + stars: | 2024-02-08 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

One of Wall Street's favorite employee leverage tactics — non-compete agreements — is facing a major threat, and there could be far-reaching implications for how the financial industry does business. But it's also clear that Wall Street firms are under particular attention for the practice. With major Wall Street firms already having among the most unpopular back-to-work policies in the market, "Wall Street is already in a position where they are recognizing they don't have all the hands they had before," Chamberlin said. Shore recommends Wall Street firms undertake a thorough competitive analysis at every level in every department to ensure they are market competitive. Even if the FTC rule goes through, Wall Street firms still have options to protect their business.

Persons: Charles Scharf, Wells, Brian Thomas Moynihan, Jamie Dimon, JPMorgan Chase, Jane Fraser, Ronald O’Hanley, Robin Vince, BNY Mellon, David Solomon, Goldman Sachs, James Gorman, Morgan Stanley, General Mills, —, Wall, it's, Kathy Hochul, that's, Covid, Laurie Chamberlin, Chamberlin, Lina Khan's, Khan, It's, David Fisher, Gilbert, Fisher, Juan A, Crowell, Arteaga, Paul Webster, Matt Shore, Kareem Bakr, Webster, Leslie John, Ballard Spahr, John Organizations: Company, Bank of America, JPMorgan, Citigroup, BNY, Google, Apple, Pfizer, Exxon Mobil, General Electric, Procter, Gamble, Nike, Economic, Institute, Federal Trade Commission, North America, American College of Emergency Physicians, Davis, FTC, Supreme, Industry, Moring, Wall, Phaidon International, Wall Street Locations: Wells Fargo, Hart, Washington ,, New York, . California, U.S, Gilbert . Massachusetts, Oregon, Washington, Massachusetts

The number of affordable units — with rents under $600 — also dropped to 7.2 million that year, 2.1 million fewer than a decade earlier. Photos You Should See View All 45 ImagesThose factors contributed to a dramatic rise in eviction filings and a record number of people becoming homeless. "It just hits you like, ‘This is for nothing.’"In Auburn, Massachusetts, pervasive rent hikes have already hit the last bastion of affordable housing. Just off an interstate alongside a pond, residents at the American Mobile Home Park face rent increases upwards of 40%. The group Lawyers For Civil Rights has sent a letter to the landlord accusing it of “unconscionable rent increases," and failing to provide critical services like adequate garbage and snow removal.

Persons: Caitlyn Colbert, Colbert, “, ”, —, Whitney Airgood, Obrycki, ” Colbert, haven’t, Amy Case, Ann Urbanovitch, Zach Neumann, Monique Gant, Gant, Nick Graetz, ” Graetz, Chris Herbert, Jared Polis, ___ Casey, ___ Organizations: DENVER, Harvard Joint Center for Housing Studies, Harvard, Habitat, Humanity, American Mobile, Civil Rights, Associated Press, Colorado Judicial, Community Economic Defense, Princeton, ”, Colorado Gov, America Statehouse News Initiative, America Locations: Denver, U.S, ”, Auburn , Massachusetts, Colorado, Washington, Massachusetts, Boston

☆ Google says Singapore has 'very high' potential to be a global AI hub
▼ + stars: | 2024-02-07 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

American multinational technology company Google logo seen at Googleplex, the corporate headquarters complex of Google and its parent company Alphabet Inc.SINGAPORE — Singapore has "very high" potential as a global AI hub — thanks in part to an environment that fosters innovation, a Google Cloud executive told CNBC. "In order for AI to really deliver on its potential, you need really good public and private partnerships," Caroline Yap, managing director, global AI business and applied engineering at Google Cloud, told CNBC. Yap was speaking on the sidelines of Explore AI summit in January, a meeting hosted by Google Cloud and the Singapore government to recognize the top generative AI solutions from organizations that took part in the "AI Trailblazers" initiative. That enables to build and test their own generative AI solutions in a controlled and dedicated cloud-based environment. Through the joint partnership, 43 organizations across government and industry sectors successfully built their own generative AI solutions utilizing Google's AI stack.

Persons: Caroline Yap, Yap Organizations: Google, Alphabet Inc, SINGAPORE —, CNBC, Singapore's Ministry of Communications, Digital Industry, Smart Nation and Digital Government Office Locations: Googleplex, SINGAPORE, SINGAPORE — Singapore, Singapore, Digital Industry Singapore, Yap

☆ Private-equity salaries revealed: How much Blackstone, Apollo, KKR, and Bain Capital employees earn at all levels
▼ + stars: | 2024-02-07 | by ( Alex Nicoll | Emmalyse Brownstein | ) www.businessinsider.com time to read: +1 min

Bain Capital, Blackstone, and KKR are among the largest private-equity firms in the world. Here are the base salaries for analysts, associates, managing directors at 9 private-equity firms. Today, that phrase might be best applied to the dealmakers who run the $12 trillion world of private equity . Consider: In 2022, private-equity firms made up 40% of total M&A activity. This story is available exclusively to Business Insider subscribers.

Persons: Tom Wolfe, Blackstone Organizations: Bain Capital, Blackstone, KKR, Business

☆ Meet the Man Behind Litquidity, the Anonymous Instagram Account Dominating Wall Street
▼ + stars: | 2024-02-07 | by ( Reed Alexander | Hayley Cuccinello | ) www.businessinsider.com time to read: +26 min

The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.

Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, —, Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho

☆ New York Community Bank’s stock price is plunging, but that won’t tell you if it’s on the brink of failure. Here’s what will
▼ + stars: | 2024-02-07 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —Some of the very first signs of banking stress in the crisis that unfolded last year were reflected in Silicon Valley Bank, Signature Bank and First Republic Bank’s nosediving share prices. That’s a considerably larger share compared to Signature Bank and Silicon Valley Bank shortly before their demises. So far, there’s no evidence that the bank is at risk of failingAs scary as it may be to see a bank’s stock price plunging, it’s not the best gauge for the bank’s viability. The best source of information on that front is a bank’s deposit flows, Chiaverini said. As of last quarter, deposits were down just 2% and declined even less excluding the custodial deposits connected to the acquisition of Signature Bank.

Persons: Bank’s, Thomas Cangemi, David Chiaverini, it’s, Chiaverini, NYCB, Janet Yellen, ” Yellen Organizations: New, New York CNN, Silicon Valley Bank, Signature Bank, First, New York Community Bancorp, Moody’s Investors Service, Wedbush Securities, ”, Silicon Valley, Bank of America, Financial Services, Federal Deposit Insurance Corporation Locations: New York, Silicon Valley

☆ Here's why Morgan Stanley upgraded Bank of America, Goldman Sachs and Citi
▼ + stars: | 2024-02-05 | 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 EmailHere's why Morgan Stanley upgraded Bank of America, Goldman Sachs and CitiBetsy Graseck, Morgan Stanley managing director, joins 'Money Movers' to discuss the firm's recent upgrade of bank stocks, the importance of recent news for the banks, and more.

Persons: Morgan Stanley, Goldman Sachs, Citi Betsy Graseck Organizations: Bank of America, Citi

☆ The bear and bull case for Super Micro Computer
▼ + stars: | 2024-02-05 | 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 EmailThe bear and bull case for Super Micro ComputerMehdi Hosseini, Susquehanna senior equity research analyst, and Nehal Chokshi, managing director at Northland Securities, join 'Power Lunch' to debate the bear and bull case for Super Micro Computer.

Persons: Mehdi, Nehal Chokshi Organizations: Micro, Susquehanna, Northland Securities, Micro Computer

☆ McDonald's reports Q4 sales miss: Here's what you need to know
▼ + stars: | 2024-02-05 | 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 EmailMcDonald's reports Q4 sales miss: Here's what you need to knowAndrew Charles, TD Cowen managing director, joins 'The Exchange' to discuss the reasons behind McDonald's Q4 sales miss, how to position the stock, and more.

Persons: Andrew Charles, TD Cowen Organizations: McDonald's

☆ Watch CNBC’s full interview with Susquehanna’s Mehdi Hosseini and Northland Securities’ Nehal Chokshi
▼ + stars: | 2024-02-05 | 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 EmailWatch CNBC’s full interview with Susquehanna’s Mehdi Hosseini and Northland Securities’ Nehal ChokshiMehdi Hosseini, Susquehanna senior equity research analyst, and Nehal Chokshi, managing director at Northland Securities, join 'Power Lunch' to debate the bear and bull case for Super Micro Computer.

Persons: Susquehanna’s Mehdi Hosseini, Chokshi Mehdi Hosseini, Nehal Chokshi Organizations: Northland Securities, Susquehanna, Micro Computer

☆ Focus on quality stocks and bonds, including U.S. tech: UBS' Alli McCartney
▼ + stars: | 2024-02-05 | 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 EmailFocus on quality stocks and bonds, including U.S. tech: UBS' Alli McCartneyAlli McCartney, UBS Alignment Partners managing director, joins 'Money Movers' to discuss what the managing director is telling clients about equity and bond markets, how much quality stocks align with defensive stocks and more.

Persons: Alli McCartney Alli McCartney Organizations: UBS, Partners

☆ ‘Like going to the moon’: The world’s most terrifying ocean crossing
▼ + stars: | 2024-02-04 | by ( Julia Buckley | ) edition.cnn.com time to read: +19 min

And it’s not just the winds making the waters rough – the Drake is basically one big surge of water. We’re not gambling.”Even with that extra safety margin, though, he admits that crossing the Drake can be a hairy experience. A dangerous thrillAurora Expeditions' Greg Mortimer ship has a patented bow to make a Drake crossing more stable. “The only thing that works for me is going to the ship’s medic for a scopolamine patch,” he says. “If you were going to the moon, you’d expect the journey to be uncomfortable but it’d be worth it,” she says.

Persons: CNN —, ” Alfred Lansing, Ernest Shackleton’s, Drake, ”, it’s, Mike Hill, Adam ”, Alexander Brearley, –, ” “, Storm Isha, Brearley, That’s, It’s, Clelia, Fiona Stewart, Garett McIntosh, Horn, “, Stanislas Devorsine, Sue Flood, Le Commandant Charcot, ” Devorsine, Devorsine, “ We’re, Jamie Lafferty, “ Drake, Greg Mortimer, Tyson Mayr, He’s, Mundy, Edwina Lonsdale, ” Lonsdale, Sylvia Earle, Lonsdale, DreamPictures, acupressure, ” Jamie Lafferty, I’ve, ” Warren Cairns, There’s Organizations: CNN, British Antarctic Survey, Atlantic, “, AP, South America –, Aurora Expeditions, Institute of Polar Sciences, National Research Council of Locations: Antarctica, isn’t, South America, Ireland, Panama, Europe, South, California, New York, Cape Horn, South Africa, Australia, New Zealand, –, France, Cape, National Research Council of Italy, it’s, Lonsdale

☆ New Macy's CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance
▼ + stars: | 2024-02-04 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

Spring is former CEO of Bloomingdale's and begins as Macy's CEO in February 2024, succeeding longtime Macy's CEO Jeff Gennette, right. Spring will step onto a bigger stage and inherit the iconic department store's issues when he takes over the role of Macy's CEO on Sunday. He said after leading "the better-run part of the business" in Bloomingdale's, Spring needs to bring those "softer skills" to Macy's. Wooing investors and brandsIn his new role, Spring will have to charm investors, shoppers and hot brands. Macy's struggles have turned the retailer into a target for the activist investors Spring will face down as he becomes CEO.

Persons: Spring, Jeff Gennette, Melissa Repko, Macy's, Tony Spring, Bloomingdale's, Neil Saunders, Gennette, Tony, I'm, Sandro, Alice, Olivia, GlobalData's Saunders, Saunders, Jan, Arkhouse, Gavriel Kahane Organizations: CNBC, Herald, Investors, Maxx, Walmart, Cornell University, Arkhouse Management, Brigade Capital Management Locations: New York, Macy's, White Plains , New York, Bloomingdale's

☆ Chief AI officer is tech's hottest new role — but finding workers with the right skills is tough
▼ + stars: | 2024-02-04 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Chief AI officer is one of the corporate world's hottest AI jobs. AdvertisementThere's a new seat at the C-suite table — and it's for a chief AI officer. "The chief AI officer is more going to be involved in creating the applications that are going to be leveraging the LLM." Instead, the chief AI officer should understand the business on a macro and micro level before overlaying generative AI onto it. Business leaders told BI that finding the perfect candidate who ticks all the boxes for the chief AI officer role can be difficult.

Persons: —, It's, Greg Selker, Stanton Chase, Selker, Chris Daigle, Justin Kinsey, Daigle, Kinsey, Stanton Chase's Selker Organizations: Service, Accenture, Business, SBT Industries

☆ What the collapse of a company owing $300 billion means for the world
▼ + stars: | 2024-02-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +8 min

AdvertisementImportantly, since the court order was made in Hong Kong, it's also unclear if mainland authorities will recognize and comply with the order. However, the company owes about $300 billion — a big shortfall, and there's a clear order of priority when it comes to repayments. How will the Evergrande collapse impact sentiment in China's economy and markets? Notably, the stock market sell-off came before Evergrande's liquidation order. Hong Kong's Hang Seng index ended up slightly higher the day the court order was made.

Persons: —, Kyle Rodda, Rodda, Alvarez, Marsal, Evergrande, it's, Baker McKenzie, Daniel Margulies, Margulies, Andrew Collier Organizations: Service, Business, Hong Kong Stock Exchange, Reuters, Deloitte, CSI, Orient Capital Research Locations: Hong Kong, China, Beijing, Asia

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