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☆ The science you need to know before seeing 'Twisters'
▼ + stars: | 2024-07-19 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

Read previewYou don't need to know a lot about tornadoes to understand the massive storms you'll see on screen in the new film "Twisters," debuting in US theaters Friday. 22 science terms to know before seeing 'Twisters'Cap: A layer of warm air thousands of feet high in the atmosphere that can slow or stop the formation of a thunderstorm. Sandwiched between warm, moist air and cold, dry air, the cap can also increase instability and cause a severe storm if it's removed. Eric Kurth/NOAADoppler radar: The National Weather Service's Doppler radars look like they have giant golf balls sitting on top of them. Recent research suggests severe storm activity is shifting to states like Alabama, Arkansas, Kentucky, Louisiana, Mississippi, and Tennessee.

Persons: —, Eric Kurth, Ted Fujita, Paul Huffman, Sakuhei Fujiwhara, Matthew Cappucci, it's, Paul Markowski, Yvette Richardson, Joseph, Louis Lagrange, Sean Waugh Organizations: Service, Business, The Washington Post, NOAA, Tornadoes, NWS, FEMA, NASA, Federal Emergency Management Agency, National Aeronautics and Space Administration, Oceanic, Atmospheric Administration, National Weather Service, Library, Laboratory Locations: Elkhart , Indiana, Oklahoma, It's, Norman , Oklahoma, Kansas, Kansas , Nebraska , Oklahoma, Texas, Alabama , Arkansas , Kentucky, Louisiana , Mississippi, Tennessee

☆ Get moving your way: 10 steps to your perfect mobility routine
▼ + stars: | 2024-07-19 | by ( Dana Santas | ) edition.cnn.com time to read: +8 min

The good news is that creating an effective, personalized mobility routine can be simple and time efficient. Assess your current mobilityTo create a personalized mobility routine, it’s crucial to understand how you currently move. A personalized mobility routine can serve as the ideal warmup before any other regular exercise program such as strength training, according to mobility coach Dana Santas. Tip: Your personalized mobility routine can serve as the perfect warmup before any other regular exercise program, such as strength training or cardiovascular activities. By following these 10 steps, you can design a personalized mobility routine that fits your lifestyle, addresses your unique needs and helps you achieve lasting results.

Persons: Dana Santas, you’re, Aaron Lockwood, ” Organizations: Pain, CNN, CNN’s

Ink Business Cash® Credit CardThe Ink Business Preferred® Credit Card is the bigwig of the Chase Ink family. Both Ink cards offer similar benefits, but the Ink Business Preferred® Credit Card offers two stand-out protections that the Ink Business Cash® Credit Card does not. Ink Business Cash® Credit CardConsider the Ink Business Unlimited® Credit Card to be the Ink Business Cash® Credit Card's fraternal twin. Ink Business Cash® Credit CardThere's one final card in the Chase Ink family to learn about: The Ink Business Premier® Credit Card. Ink Business Cash® Credit Card Frequently Asked QuestionsIs the Chase Ink Business Cash card worth it?

Persons: you'll, Chase, You'll, —, Cardholders, Read, you've Organizations: Business, Ink, FDIC, Chase, Apple, Sapphire, Chase Ink Business Locations: U.S, Airbnb

☆ Sealed bottles of tattoo and permanent makeup ink test positive for millions of bacteria, FDA says
▼ + stars: | 2024-07-18 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

CNN —Sealed bottles of tattoo and permanent makeup ink, including some marked as sterile, contained millions of potentially dangerous bacteria, according to new research by the US Food and Drug Administration. Earlier studies have found high levels of bacterial contamination within sealed and sterile bottles of ink. Unfortunately, the study’s findings were not surprising, said John Swierk, an assistant professor of chemistry at Binghamton University, State University of New York, who has studied tattoo ink contamination. For example, using the same gloves to touch a client and the ink bottle is a hazard that can lead to tattoo ink contamination. “Tattoo inks are in the process of being regulated due to the Modernization of Cosmetics Regulation Act (of 2022) but much of that law dealing with tattoo inks has yet to be implemented,” Swierk said.

Persons: ”, Peter, Kim, Linda Katz, ” Katz, Katz, John Swierk, Swierk, Selina Medina, ” Medina, Robert Schooley, “, ’ ”, Schooley, Medina, miodrag ignjatovic, ” Swierk Organizations: CNN, US Food and Drug Administration, National, for Toxicological Research, Cosmetics, US Centers for Disease Control, Binghamton University, State University of New, Alliance, Professional, Manufacturers, FDA, CFU, University of California, Center, Therapeutics, Artists Locations: Jefferson , Arkansas, State University of New York, United States, San Diego, Medina

This guide will help you decide what to do when you're ready to upgrade your Chase Sapphire Preferred® Card card to a Chase Sapphire Reserve®. Introduction to Upgrading Chase Sapphire Credit CardsThe Chase Sapphire Reserve® and Chase Sapphire Preferred® Card credit cards are so popular — and so hard to choose between — that we've written a full comparison of the Chase Sapphire Preferred® Card vs. the Chase Sapphire Reserve® credit card. How to Request A Chase Sapphire Card UpgradeIf you're sure that the Chase Sapphire Preferred® Card is no longer for you, you'll have to get rid of it before you can get the Chase Sapphire Reserve®. There are several ways to do this:Cancel your Chase Sapphire Preferred® Card before applying for the Chase Sapphire Reserve®Upgrade your Chase Sapphire Preferred® Card to the Chase Sapphire Reserve®Downgrade your Chase Sapphire Preferred® Card to a no-annual-fee Chase Freedom credit card, then apply for the Chase Sapphire Reserve® to earn a new welcome bonus. Chase Sapphire Upgrade Eligibility RequirementsSome Chase representatives have told cardholders that the Chase Sapphire Reserve® requires a $10,000 credit limit minimum.

Persons: cardholders, Chase, revel, You'll, Sapphire cardholders, it's, you'll, you've Organizations: Business, Chase, Chase Sapphire, Sapphire, Chase Travel, Banking

The information for the following product(s) has been collected independently by Business Insider: Ink Business Premier® Credit Card, Southwest Rapid Rewards® Premier Credit Card, Chase Freedom Flex®. But if saving cash is more important to you, Chase's Pay Yourself Back program can help you save money by using your credit card rewards to pay off certain charges on your card. As the name suggests, Pay Yourself Back allows you to use your credit card rewards to pay off certain charges on your card. Eligible Chase CardsThe Pay Yourself Back program is available on the Chase Freedom, Ink, and Sapphire credit cards, as well as the co-branded Aeroplan® Credit Card, United credit cards, and Southwest credit cards. If you have a Chase Sapphire Reserve®, you should also consider applying for another Chase card that could help you maximize this benefit.

Persons: Chase Travel ℠, Chase, you'll, Cash Organizations: Business, Ink, Rapid Rewards, Read, Chase, Chase Travel, Sapphire, Chase Sapphire, TSA, FDIC, United, Humanity International Medical Corps International, Conference Education Fund NAACP Legal Defense, Education Fund National, SAGE Thurgood Marshall College Fund United Negro College Fund UNICEF, Air, ®, Chase Travel Partners, Air France, KLM, Blue Locations: Southwest, Air Canada, Europe, Chevron

☆ I tried out Amazon's new AI shopping assistant Rufus. One feature stood out as a game changer.
▼ + stars: | 2024-07-17 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewAmazon finally rolled out its AI assistant Rufus to all US customers after announcing the new feature in February. AI shopping assistants are becoming more popular, with various online retailers adding them to their sites. AdvertisementAmazon's shopping assistant uses information from listing details, reviews, and Q&As. Amazon/screenshotI wouldn't have thought to ask questions about the noise level or whether it oscillates, but these ended up being determining factors for the fan I selected. AdvertisementIt's a game changer for warehouse shoppingThe AI assistant has received some lackluster reviews from those who have tried it.

Persons: —, Rufus, it's, I've, Fitbit Organizations: Service, IBM, Business, Amazon, Apple Watch

Morgan Stanley raised its price target on Rivian to $17 from $13. Analyst Frank Lee did raise his price target to $200 from $190, although he added that "the risk-reward is less attractive now." Guggenheim hiked the price target to $735 per share from $700. He did raise his price target for the stock to $225 from $180, although this price hike still implies that Tesla stock could fall 12%. Analyst Adam Jonas raised his price target on the stock to $17 from $13.

Persons: Morgan Stanley, Jefferies, Frank Lee, Lee, Lisa Kailai Han, Michael Morris, Morris, Guggenheim, — Jesse Pound, Morgan Stanley's Simeon Gutman, Gutman, Seth Sigman, Truist, – Samantha Subin, TD Cowen downgrades Charles Schwab, Charles Schwab's, TD Cowen, Bill Katz, Charles Schwab, Katz, mgmt, — Lisa Kailai Han, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath, Dan Levy, Levy, Dennis Geiger, Geiger, Thomas Fitzgerald, Fitzgerald, David Windley, UnitedHealth's, Windley, UNH, Adam Jonas, Rivian, Jonas, Fred Imbert Organizations: CNBC, HSBC, Qualcomm, Microsoft, Netflix, Guggenheim, Barclays, ISI, Citi, Mizuho, Bank of America, of America, Tesla, UBS, Sweetgreen, sss, IK, TD Cowen downgrades, Airlines, American Airlines, Delta, Jefferies, Presidential, Chevron, Volkswagen Locations: China, Tuesday's, Mayo, U.S, Tesla's, UnitedHealth, UNH's

Below, our tech experts have curated a running list of all the best Prime Day TV deals so far, and we've compiled even more savings across all categories in our full Prime Day deals roundup. The best Prime Day TV deals are expected to remain active through July 17 while supplies last. TCL 55-inch Q7 4K QLED TV $448.00 $598.00 Save 25% The Q7 is one of the top midrange QLED 4K TVs. View at AmazonLG 65-inch C4 OLED 4K TV $1,796.99 $2,699.99 Save 33% The C4 is LG's latest midrange 4K OLED TV. View at AmazonHisense 85-inch U8N QLED 4K TV $1,798.00 $2,799.99 Save 36% The U8N is Hisense's 2024 flagship QLED TV.

Persons: we've, 60Hz, HLG, 120Hz, it's, OLEDs Organizations: Business, Samsung, LG, Dolby, HLG Smart, Google, Amazon, Amazon Samsung, Amazon LG, Sony, Toshiba, Amazon Prime Locations: TCL, QLED

☆ JD Vance has some ideas on how to get Americans to have more babies
▼ + stars: | 2024-07-16 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewSen. JD Vance, now a vice-presidential nominee, has some strong opinions on how America can better support families. Vance, the author of "Hillbilly Elegy" and a former venture capitalist, has been outspoken about his views on family and birth rates. "We should worry that in America, family formation, our birth rates, a ton of indicators of family health have collapsed," Vance said in 2021 remarks. But Vance's actions as a senator suggest some support for Democratic policies, such as an expansion of the child tax credit. Vance expressed support for the credit, saying at the time that "we're the party of families," Punchbowl News reported.

Persons: —, Sen, JD Vance, Vance, He's, he's, we're, would've, Democratic Sen, Ron Wyden, Jason Smith —, Joe Biden, Biden Organizations: Service, Business, Republican National Committee, Social Security, Democratic, Tax Relief, American Families and Workers, Republican, Punchbowl Locations: America, Ukraine, Washington

☆ Forget the Magnificent 7: UBS just refreshed its 'Super 8' list of global stock picks
▼ + stars: | 2024-07-16 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

But for those looking for alternatives, UBS has refreshed its list of "highest conviction and most investable" tech stocks in Asia. So far, UBS' Asian Super 8 has gained 8.3% since its inception in February, beating the 6.7% returned by the benchmark MSCI Asia-Pacific index. "We believe the valuation discount across the value chain in Asia's technology sector offers a defensive catch-up play for investors," UBS' analysts wrote. Tencent has been making headlines recently, with several analysts bullish, including Goldman Sachs , which included the stock in its conviction list. The company, which also goes by the name Foxconn, is expecting over 40% year-on-year growth in its AI server sub-segment this year, UBS' analysts noted.

Persons: Tencent, Goldman Sachs, Hon Hai Taiwan's, Hai, — CNBC's Michael Bloom Organizations: Apple, Microsoft, Nvidia, Tesla, UBS, Hong Kong Stock Exchange, U.S, Hai Precision Industry, Taiwan Stock Exchange, Lenovo Lenovo, Lenovo, Hong Kong Exchange Locations: Asia, China, U.S

Learn moreIn addition to the thousands of products on sale during Amazon Prime Day, the Apple Watch collection of smartwatches is also discounted. Right now, the Apple Watch SE (2nd Gen) is down to an all-time low, and the Series 9 is an impressive 30% off. Top Apple Watch dealsApple Watch SE (2nd Gen) 40mm $169.99 $249.00 Save 32% The second-generation Apple Watch SE is an impressive entry-level wearable that shares the same processor as the Series 8 and Ultra. View at Amazon What we like Check mark icon A check mark. The Apple Watch SE is the entry-level, budget-friendly option, but don't write it off just because of that.

Persons: you've, you'll, Siri, Belkin, it's, It's Organizations: Business, Amazon, Apple Watch, Apple, Apple Health, Prime, Amazon Apple, Amazon Belkin Apple, Watch, Amazon Prime

CNN —A suspected serial killer has confessed to murdering 42 women over the past two years, police in Kenya have said, in a shocking case that has sparked calls for increased measures to combat gender-based violence in the country. Authorities said Collins Jumaisi Khalusha, 33, “lured, killed, and disposed of 42 female bodies,” of which only nine have been recovered. Gerald Anderson/Anadolu/Getty Images“We are dealing with a serial killer, a psychopathic serial killer who has no respect for life,” Amin said Monday. A group of female leaders called for enhanced protections for Kenyan women on Monday after increasing cases of femicide. “It is so sad that someone who killed 42 people was still roaming out there.

Persons: Collins Jumaisi Khalusha, “, Mohamed Amin, ” Amin, Douglas Kanja, Kanja, Gerald Anderson, Khalusha “, Amin, dismembering, ”, Josphine Mulongo, Leah Sankaire Sopiato, women’s Organizations: CNN, Authorities, Anadolu, Getty, Kenyan Police, Kenyan Locations: Kenya, Soweto, Nairobi, Kware, Nairobi’s, Njenga

☆ There are plenty of benefits to having kids participate in sports, but we should also teach them that it's OK to stop
▼ + stars: | 2024-07-14 | by ( Soraya Chemaly | ) www.businessinsider.com time to read: +6 min

On October 29, 2022, the Michigan State Spartans, a college football team, played a game against the University of Michigan. Only two weeks before the game, media applauded the Spartans for "finally showing resilience" and breaking a four-game losing streak. Soraya Chemaly is the author of "The Resilience Myth: New Thinking on Grit, Strength, and Growth After Trauma." Courtesy of Soraya ChemalyKnowing when to stop is a good thingChildren who want to stop a sport or "give up" a pursuit often feel like failures. Excerpted from The Resilience Myth: New Thinking on Grit, Strength, and Growth After Trauma by Soraya Chemaly.

Persons: —, Soraya Chemaly, Angela Duckworth, Thelma Gibson Organizations: Service, Athletics, Sports, Business, Michigan State Spartans, University of Michigan, Spartans, Spartan, Michigan State, TED, Bahamian, Signal Publishers Locations: United States, Michigan

☆ Top Wall Street analysts are pounding the table on these 3 dividend stocks
▼ + stars: | 2024-07-14 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Investors can track Wall Street analysts' ratings to select stocks of dividend-paying companies that have attractive growth prospects, which could boost earnings and cash flows to support higher dividends. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Northern Oil and GasThis week's first dividend stock is Northern Oil and Gas (NOG). NOG paid a dividend of 40 cents per share for the first quarter, reflecting an 18% year-over-year increase. JPM highlighted that this potential increase in the Q3 dividend would mark the second dividend hike this year.

Persons: Wall, NOG, Scott Hanold, Hanold, TipRanks, JPMorgan Chase, JPMorgan Chase JPMorgan Chase, Gerard Cassidy, Cassidy, WMT, Corey Tarlowe, Tarlowe Organizations: Walmart, Northern Oil, Resources, SM Energy, RBC Capital, JV, JPMorgan, JPMorgan Chase JPMorgan, JPM, Consumer, Community, Investment Banking, Wealth Management, Commercial Banking, Jefferies, Fox Robotics, Club Locations: Hurricane , Utah, Williston, Uinta, TipRanks, U.S

☆ Buying into Charlie Scharf's 5-year turnaround plan for Wells Fargo just got a bit cheaper
▼ + stars: | 2024-07-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +11 min

In Friday's earnings commentary , the Club upgraded Wells Fargo back to our buy-equivalent 1 rating — viewing Friday's drop as an opportunity to add shares. Taken together, it shows just how far the CEO has gone to rehabilitate Wells Fargo. That same year, Wells Fargo admitted to improperly charging home lending customers for mortgage-rate-lock extensions as well. WFC YTD mountain Wells Fargo (WFC) year-to-date performance The Federal Reserve ordered Wells Fargo to freeze its balance sheet in 2018, keeping its assets below $1.95 trillion until senior management cleaned up its act. Wells Fargo parted with most of its senior management from its pre-2019 era and remade its board of directors.

Persons: Charlie Scharf, Wells, Scharf, That's, Jeff Marks, Wells Fargo, Ebrahim Poonawala, Charlie, " Scharf, we're, JPMorgan Chase, Morgan Stanley, There's, Wells Fargo's, Poonawala, he's, Doug Braunstein, Raymond James, David Long, Marks, He's, Jim Cramer's, Jim Cramer, Jim, Patrick T, Fallon Organizations: Wells Fargo, Club, Investors, KBW Nasdaq, Wells, CNBC, Federal Reserve, Currency, Bank of America, Consumer Financial Protection, JPMorgan, Wall, JPMorgan Chase, Fed, Milken Institute Global Conference, Afp, Getty Locations: Wells, Wells Fargo, U.S, delinquencies, Beverly Hills , California

☆ A part-time trader who gained 127% in 5 months this year shares how he finds stocks and an 'immediate' buy signal for an imminent breakout
▼ + stars: | 2024-07-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Read previewJohn Rodrigues works a full-time 9-to-5 job as an associate manager in operations at PGIM, Prudential's investment management arm. And vice versa, if the index is high, it signals high volatility and fearful investors, indicating that the market may be reaching a low. Here, he can see different metrics for stocks, allowing him to watch for signals he likes to trade on. He also looks at the stock's day's volume; if it rises above 25% of its 50-day volume, it's another likely trade. But perhaps one of the best signals that a breakout is about to really outperform the market is those with very high volume relative to the past two years.

Persons: —, John Rodrigues, doesn't, Bob Brinker, Brinker, Rodrigues, Norman Zadeh, " Rodrigues Organizations: Service, New York Stock Exchange, Business, Companies, Nasdaq, Investors Intelligence, IBD, Micro Locations: PGIM, Chicago

☆ Activist Cevian has a stake in medical device company Smith & Nephew. How it may help improve margins
▼ + stars: | 2024-07-13 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

Business: Smith & Nephew is a British portfolio medical technology company that operates worldwide. Its segments include Orthopedics, Sports Medicine and Ear, Nose and Throat, as well as Advanced Wound Management. Its Advanced Wound Management portfolio provides a comprehensive set of products to meet broad and complex clinical needs. Smith & Nephew is a global leader in medical technology. Smith & Nephew is well known for its product quality and its brand perception is very strong.

Persons: Smith, Nephew, Stryker, Zimmer Biomet, Ken Squire Organizations: Sports, Management, Sports Medicine, Cevian, Sports Med, 13D Locations: British, Europe

☆ A James Webb Telescope scientist explains what it's like to create the most beautiful space images of our time
▼ + stars: | 2024-07-12 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

Read previewTwo years ago today, NASA unveiled the first full-color space images captured by the James Webb Space Telescope. Webb's raw telescope images can look like empty black boxes when they first beam back to Earth. NASA/ESA/CSA/STScIDePasquale is a principal science visuals developer at the Space Telescope Science Institute. He processed some of the very first Webb images that the public got to see. They're able to resolve very small details in these really distant objects," like the Tarantula Nebula, DePasquale told Business Insider.

Persons: —, James Webb, Joe DePasquale, DePasquale, Webb, David Higginbotham, Webb peered, Joseph DePasquale, Anton M, Alyssa Pagan Organizations: Service, NASA, James Webb Space, Business, JWST, ESA, CSA, Telescope Science, Hubble

☆ High inflation is largely not Biden's or Trump's fault, economists say
▼ + stars: | 2024-07-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

The Federal Reserve, which acts independently from the Oval Office, was slow to act to contain hot inflation, for example. That Biden is seen as stoking high inflation is due somewhat to optics: he took office in early 2021, around the time inflation spiked notably, economists said. "In my view, neither Trump nor Biden is to blame for the high inflation," said Mark Zandi, chief economist at Moody's Analytics. At a high level, hot inflation is largely an issue of mismatched supply and demand. For example, Trump imposed tariffs on imported steel, aluminum and several goods from China, which Biden largely kept intact.

Persons: Joe Biden, Donald Trump, Justin Sullivan, Trump, Biden, David Wessel, Mark Zandi, Wu Shaoyang, Wessel, Zandi, Stephen Brown, Eric Baradat, —, Michael Strain, Strain, Jerome Powell, Olivier Douliery Organizations: CNN, Getty, Federal Reserve, Biden, Trump, Hutchins, Brookings Institution, Moody's, Qingdao Port, International Monetary Fund, North, Capital Economics, American, Afp, American Enterprise Institute, Federal, . Federal Locations: Atlanta, U.S, Ukraine, Qingdao, Shandong Province, China, North America, Washington, It's

☆ Giorgio Armani at 90: Celebrating his career in photos
▼ + stars: | 2024-07-11 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

The power of a Giorgio Armani suit. In his nine decades, the formally untrained Giorgio Armani has worked his way up from humble window dresser to Italian fashion behemoth — and has collected a number of fabulous moments in between. Giorgio Armani, suited and booted, in 1942. Rosanna ArmaniAt the Golden Globe Awards in 1990, Julia Roberts decided to forgo a frock in favor of a Giorgio Armani mens suit. John Angelillo/UPI/ShutterstockIn 2011, Armani debuted a high-sheen, liquid satin material during his Spring-Summer haute couture show at Paris Fashion Week.

Persons: Carrie Bradshaw, Big, Armani, Carrie, Giorgio Armani, Julia Roberts, “, Giorgio Armani Armani, Leonardo Cendamo, Richard Gere —, Vittoriano, Rosanna Armani, Ron Galella, Naomi Campbell, Winona Ryder, Rose Hartman, Victor Virgile, Karl Prouse, greige, Jonas Gustavsson, Lupita Nyong'o, John Angelillo, Tony Barson, Pascal Le Segretain Organizations: CNN, City, Globes, Guggenheim Museum, Fairchild, Penske Media, Getty, Golden Globe, Armani, Milan Fashion, UPI, Paris Fashion Locations: Manhattan, New York, Milan, Paris

☆ UK launches new rules for listings in bid to boost growth for London's stock exchange
▼ + stars: | 2024-07-11 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The U.K.'s Financial Conduct Authority announced Thursday new rules for the country's stock market listings in a bid to boost growth following a slow down in IPOs. "They aim to support a wider range of companies to issue their shares on a UK exchange, increasing opportunities for investors," the regulator added. One key change is the removal of the 'premium' and 'standard' listing segments. Shareholder approval for key events, like reverse takeovers and decisions to take the company's shares off an exchange, is still required," the FCA said. Some rules around eligibility for listings will also change, such as the removal of a requirement for companies to provide track records of their revenue.

Organizations: Bank of England Locations: London, IPOs

☆ Investors grow concerned AI isn't being adopted fast enough to justify the hype, says Goldman Sachs
▼ + stars: | 2024-07-11 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"Our conversations with investors have been defined by skepticism about latter stages of AI adoption," Ryan Hammond of Goldman's portfolio strategy research team said in a recent note to clients. "Even among investors that are long-term bullish on the potential gains from AI adoption, there appears to be considerable uncertainty about the timeline." Goldman's AI adoption tracker showed that only 5% of U.S. companies are using generative AI to produce goods and services. Many software companies tied to AI posted disappointing guidance during the last earnings seasons that triggered a sizeable sell-off, Goldman noted. Investors should focus on revised sales forecasts of AI-related companies, Goldman said.

Persons: Goldman Sachs, Ryan Hammond, Goldman, Hammond Organizations: Nvidia, Wall, Investors Locations: U.S

☆ NATO is taking greater control of Western efforts to back Ukraine's fight as US politics raise questions about its reliability
▼ + stars: | 2024-07-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Read previewNATO is moving forward with a new initiative that will see it take greater control over Western efforts to arm and train Ukraine's military. The move comes as the alliance aims to solidify the long-term support for Kyiv as it battles the Russian invasion. Growing concern about the potential change in US leadership has hung over the highly consequential NATO summit in Washington this week. Ukraine's President Volodymyr Zelenskyy and US President Joe Biden at the 2024 NATO summit. "There are 32 countries in the alliance," the NATO official who spoke on the condition of anonymity said Thursday.

Persons: —, Donald Trump —, Donald Trump, NICHOLAS KAMM, Volodymyr Zelenskyy, Joe Biden, Susan Walsh, Trump, Ivo Daalder, Laurynas Organizations: Service, Kyiv, NATO, Ukraine —, Business, Wednesday, Assistance, Training, White, Getty, Ukraine Defense Contact, AP, Ukraine, Russian, Trump, Wall Street, Kiel Institute, Politico, Republican, Democratic Locations: Russian, Ukraine, Washington, Germany, Poland, Romania, Slovakia, Kyiv, Russia, Europe, NATO

☆ Samsung launches latest foldable phones in the face of rising competition and Apple's AI play
▼ + stars: | 2024-07-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Samsung launched the Galaxy Z Fold6 at its Unpacked event in Paris, France. PARIS — Samsung launched its latest foldable smartphones on Wednesday — and they're packed with artificial intelligence features. The company took the wraps off the Samsung Galaxy Z Fold6 and Z Flip6, which come with improvements from the previous models and are enhanced with Galaxy AI, the company's suite of artificial intelligence features. Samsung's Galaxy Z Fold6, which starts at $1,899.99, is a foldable device that opens out like a book. Both devices are available from July 24, Samsung said at its Galaxy Unpacked event in Paris.

Organizations: Samsung, South, Galaxy Locations: Paris, France, PARIS

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