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☆ Chip stocks posted their best quarter since 2020. What's next for the sector and why the rally may fade
▼ + stars: | 2023-04-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +8 min

Chip stocks made a breathtaking comeback in the first quarter, but don't be surprised if the rally gives up some of its gains, investors warn. The semiconductor sector on Friday wrapped up its best quarter since 2020 as investors rotated back into the downtrodden industry, with names like Nvidia notching its best quarterly stretch since 2001. The recent tear in semiconductor stocks brings the sector into overbought territory versus non-financial cyclicals, said Credit Suisse's Andrew Garthwaite in a recent note. Like many investors, Niles views Nvidia as a dominant AI play despite its rich valuation . While the stock's given those gains, many investors viewed the print as a sign of a bottom.

☆ I watched Ben Affleck's new 'Air' movie with 72 Nike veterans. Here's what they said the movie got right and what it got wrong about the race to sign Michael Jordan.
▼ + stars: | 2023-04-06 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

The movie also shows how early Nike employees didn't hesitate to break rules. The scene sums up what's right, and what's wrong, with the movie, according to former and current Nike employees. It shows early Nike employees didn't hesitate to take risks. Nike veterans said the movie captures the company's willingness to take risks, especially early executives like Phil Knight, played by director Ben Affleck. Affleck, who also played Knight in the movie, nailed the story's arc, by all accounts.

☆ I went to see Ben Affleck's new "Air" movie with some Nike veterans. Here's what they said the movie got right and what it got wrong about the race to sign Michael Jordan.
▼ + stars: | 2023-04-06 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

☆ Got a thriving side job? Here's how and when to tell your boss about it — and why you probably should.
▼ + stars: | 2023-04-06 | by ( Alexandra York | Rebecca Knight | ) www.businessinsider.com time to read: +8 min

Experts say it's important to tell your boss about your side hustle. It's probably time to tell your boss about it. If your side hustle is already a thriving business, you tell your boss right away. Alistair Berg/Getty ImagesBut if your side hustle is already a thriving business, you should mention it right away, she said. "The minute you make a mistake or your performance slips, your boss might think you're not focused," Nahrgang said.

☆ UK service firms report second month of growth as prospects improve -PMI
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

Adding to signs of recovery in the economy, Wednesday's final reading of the S&P Global/CIPS UK Services Purchasing Managers' Index (PMI) of 52.9 was below February's 53.5 but above the 50 mark denoting growth for a second month in a row. It was also a touch higher than a preliminary March reading of 52.8 and contrasted with a more downbeat picture for the smaller manufacturing sector last month. The PMI showed business expectations improved for a fifth straight month and optimism about business prospects was the highest since March last year. S&P Global's input price index showed growth in costs was the slowest since May 2021. Although still high by historical standards, that represented welcome news for the BoE which is worried about the persistence of the recent surge in inflation.

Public Investment Fund LIV Golf Trump World Performance54 LIV Golfers PLUS 45 OTHERS CONSULTANTS LAWYERS McKinsey & Company PwC Public Investment Fund Quinn Emanuel Urquhart & Sullivan White & Case M. Klein & Company Teneo Crown Prince Mohammed bin Salman Majed al-Sorour Newcastle United Aramco Golf Saudi Benjamin Quayle Yasir al-Rumayyan Ari Fleischer Gibson, Dunn & Crutcher LIV Golf Performance54 Trump World Greg Norman Donald J. Trump Gary Davidson Jed Moore Eric Trump Jared Kushner LIV Golfers Cameron Smith Phil Mickelson Dustin Johnson PLUS 45 OTHERSLIV Golf has cleaved men’s professional golf like no other force since the 1960s. Some of the world’s top players, including Dustin Johnson and Phil Mickelson, have become the faces of LIV Golf. The Public Investment FundDiagram of the major figures in LIV Golf that are connected to Saudi Arabia’s Public Investment Fund. Public Investment Fund Jared Kushner’s firm accepted a $2 billion investment from the Public Investment Fund. LIV Golf Trump World Eric Trump Jared Kushner Donald J. Trump Public Investment Fund Jared Kushner’s firm accepted a $2 billion investment from the Public Investment Fund.

☆ Logan Roy's fiery speech atop printer-paper boxes on 'Succession' evokes a real-life Rupert Murdoch moment
▼ + stars: | 2023-04-04 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

"Succession" patriarch Logan Roy rallied his fictional newsroom with a speech atop printer-paper boxes. In his speech, Murdoch told the reporters present that "We have to entertain, inform, enrich all our readers in their lives and in their businesses," according to Ellison's book. Representatives for Dow Jones and the Wall Street Journal did not respond to Insider's request for comment. "Then we all kind of stood around as people were literally dispatched to drag the printer boxes over to where Rupert planned to stand," she added. "The printer boxes, especially since we literally saw them dragged to their place, were key to the mood of menace and worry that day."

☆ Western countries are speeding up tank deliveries to Ukraine, but tanks aren't what Ukrainian troops need to get around Russian forces
▼ + stars: | 2023-04-04 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Western countries are hustling to deliver main battle tanks to Ukraine's military. Tanks will be useful in taking on Russian tanks and fortifications in a counterattack this spring. But Ukraine needs other armored vehicles to counterattack Russia effectively, one expert says. "There is a lot of mechanized infantry and tank brigades in each" corps that Ukraine is forming, Kofman said. Without the ability to build bridges strong enough to bear the weight of armored vehicles, a Ukrainian offensive would stall.

☆ Northern Ireland's 'peace babies' desperate for more progress
▼ + stars: | 2023-04-04 | by ( Amanda Ferguson | ) www.reuters.com time to read: +4 min

Born in December 1998, Moore is one of Northern Ireland's so-called "peace babies", the generation born just after the Good Friday Agreement was signed and considered the embodiment of hope for the region's post-conflict future. said Moore, a social policy and communications worker from Derry, referring to the barriers besieged residents erected to protect themselves. Stormont (the Northern Irish assembly) not being up and running is ridiculous," said Jessica Keough from Bangor, County Down, who is from a unionist background but sees herself as Irish and Northern Irish, "and not British at all." More than 90% of schools in Northern Ireland remain segregated along religious lines, as is housing in many areas. "There is something special about being a peace baby so people born around (that time) feel protective about the peace and the Good Friday Agreement."

☆ MLB roundup: Padres go back-to-back in 9th, edge D-backs
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +11 min

The A's were down 10-8 when Seth Brown followed a walk to Aledmys Diaz with a two-run homer off Guardians closer Emmanuel Clase in the last of the ninth. Angels 7, Mariners 3Shohei Ohtani and Taylor Ward hit two-run homers as Los Angeles defeated host Seattle. Yankees 8, Phillies 1Anthony Rizzo ignited a five-run fifth inning with a two-run homer, and host New York cruised to victory over Philadelphia. His counterpart, Jose Berrios (0-1), allowed eight runs, nine hits and two walks while striking out seven in 5 2/3 innings. Ozzie Albies hit a two-run homer and Austin Riley had a solo shot for the Braves, who have won three of four games to start the season.

☆ Nike envisions a wild future with Olympics in outer space, clothing made of spider silk, and footballs make of stardust
▼ + stars: | 2023-04-03 | by ( Matthew Kish | ) www.businessinsider.com time to read: +8 min

Nike recently published a fun and thought-provoking book about the company's next 50 years. The company playfully envisions athletic competitions in space and footballs made from stardust. The small 192-page book is mostly a fun, futuristic read about what Nike might be doing in 2073. Sam Grawe, who wrote the 2021 book Nike: Better is Temporary, is an editor and contributed essays. On a more terrestrial level, Nike foresees clothing made from spider silk and the emergence of volcanic glass compounds.

The lobbying comes amid a sustained effort by TikTok to play down fears raised by lawmakers who want to ban the app, which has 150 million monthly active users in the U.S. She defended the work of TikTok's team in Washington and said the company is trying to address lawmakers' privacy and safety concerns. At the furthest end of the extreme is the legislation from Hawley and Buck that simply seeks to ban TikTok outright by directing the president to block transactions with ByteDance. Hawley has not eased his campaign to ban TikTok. But after, "our phones were ringing off the hook," with the majority of callers voicing opposition to a TikTok ban.

☆ Dozens of AI enthusiasts gathered in San Francisco's Cerebral Valley for a summit on Thursday. Here are the top 3 takeaways from the event.
▼ + stars: | 2023-03-31 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +5 min

Dozens of AI enthusiasts gathered in SF's Cerebral Valley on Thursday for Eric Newcomer's AI summit. The handful of streets between San Francisco's Fillmore and Mission neighborhoods have been called a variety of names in recent times — Cerebral Valley, Bayes Valley, Hayes Valley — but on a Thursday morning in March, they were the home for dozens of AI enthusiasts, founders, and VCs looking to learn more about the space at independent journalist Eric Newcomer's Cerebral Valley AI Summit. The model to rule them allWith representation from several OpenAI competitors, including Anthropic, Adept, and Stability AI, a common question during panels was how the landscape of AI model providers would shake out. Others, like Stability AI founder and CEO Emad Mostaque, claimed that the question of AI models went beyond performance or cost to issues around transparency and accessibility. The future of codingWith the recent AI boom, a flock of startups have emerged to help developers build AI and non-AI applications.

☆ Maryland announces goals for massive offshore wind power increase
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

March 29 (Reuters) - Maryland Governor Wes Moore on Wednesday announced goals to more than quadruple the state's offshore wind capacity to 8.5 gigawatts - enough to power nearly three million homes - as part of an effort by the state to achieve 100% clean energy by 2035. Moore is working "to establish new lease areas and strengthen the offshore wind supply chain," as well as establish grants to support the effort, the governor's office said in a statement. Although energy firms have proposed building offshore wind projects in the United States for more than two decades, there are only about 41 megawatts (MW) of total offshore wind capacity, located off the Rhode Island and Virginia coasts. For comparison, the United States has about 1.146 million megawatts of total generation, according to federal energy data. A timeline for Maryland's newly proposed wind power capacity was not immediately clear.

☆ Inside a shake-up at the world's 'most feared law firm'
▼ + stars: | 2023-03-30 | by ( Casey Sullivan | ) www.businessinsider.com time to read: +30 min

It's been a tumultuous period for Quinn and the storied law firm he built over the past 37 years — now the world's largest litigation firm with hourly rates that can be north of $2,000. But behind the scenes, a shift at QE has been the talk of elite law firm circles. Indeed, the firm – known as a singular, even freewheeling, institution that brands itself as the "#1 Most Feared Law Firm in the World" — may appear to be less in the image of its founder as a generational shift brings changes. "We all thought it was important that the world understands this is not a one generation law firm." One former firm partner in California says he believes Quinn's inner circle generally got better deals.

☆ The killing of Americans in a Mexican border city highlights a sinister trend that US policies are making worse
▼ + stars: | 2023-03-30 | by ( Luis Chaparro | ) www.businessinsider.com time to read: +7 min

Initial reports indicated that authorities suspected that the four kidnapped Americans had been confused for Haitian migrants, whose numbers in Matamoros have increased in recent weeks. It also revealed an overlooked trend: the extreme vulnerability of the thousands of migrants who have been stuck in Mexican border towns for the past three years. "We feel like we are being kidnapped inside this city," Fedler Dominic, an Haitian migrant in Matamoros, told Insider in a phone interview. In April 2022, three migrants, including a man from Peru, were kidnapped in Nuevo Laredo, another border city. "You can't basically move from the camp," Manuel Velázquez, a Cuban migrant in Matamoros, told Insider.

The firm has a price target of $65, which implies 9.6% from the stock's closing price on Tuesday. Meanwhile, JPMorgan said that it is "starting to see some light at the end of the tunnel" for Micron as inventory levels begin to improve. The firm has a price target of $75, implying 26.5% upside from Tuesday's close price. His price target of $46 implies shares falling by almost a third from their closing price on Tuesday. Micron shares have rallied more than 18% in 2023, but have tumbled 27.7% over the last 12 months.

☆ 'Magical' nails found in a 2,000-year-old Roman tomb were meant to stop the restless dead from haunting the living, archaeologists say
▼ + stars: | 2023-03-28 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

Archaeologists have found bent nails, lime, and brick near a Roman burial site. These may have been charms to stop the restless dead from interfering with the living, they said. There are signs in burial site that the deceased person was respected at the time of their death. iStock / Getty Images PlusThe nails suggest ancient Romans feared the restless dead and would use various occult practices to protect themselves, archaeologists said in the study. But they were dead nails, and the way they were distributed around the perimeter of the tomb suggests that the placement was purposeful," he said.

☆ Nvidia shows new research on using AI to improve chip designs
▼ + stars: | 2023-03-28 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

[1/2] A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/IllustrationMarch 27 (Reuters) - Nvidia Corp (NVDA.O), the world's leading designer of computer chips used in creating artificial intelligence, on Monday showed new research that explains how AI can be used to improve chip design. Chip design engineers use complex design software from firms like Synopsys Inc (SNPS.O) and Cadence Design Systems Inc (CDNS.O) to help them optimize the placement of those transistors. On Monday, Nvidia released a paper showing that it could use a combination of artificial intelligence techniques to find better ways to place big groups of transistors. The Nvidia research took an existing effort developed by University of Texas researchers using what is called reinforcement learning and added a second layer of artificial intelligence on top of it to get even better results.

☆ These are the three most disliked Dow stocks by Wall Street analysts
▼ + stars: | 2023-03-26 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

With the market experiencing outsized swings, investors may want to stay away from stocks disliked by analysts, at least in the near term. The Dow Jones Industrial Average gained 1.2% last week. .DJI 5D mountain Wild week for the Dow Given this backdrop, CNBC Pro set out to find the most disliked Dow stocks by analysts. The average price target on the stock implies upside of roughly 15%, but the stock has fallen 15.7% year to date and is the worst-performing Dow stock in 2023. Analysts on average rate the stock a hold, with more than 12% of them assigning it a sell rating.

☆ Gordon Moore, Intel Co-Founder and Author of Moore’s Law, Dies at 94
▼ + stars: | 2023-03-25 | by ( Asa Fitch | Don Clark | ) www.wsj.com time to read: 1 min

Gordon Moore , the electronics pioneer who co-founded Intel Corp. and whose groundbreaking theories defined the tempo of innovation in semiconductors, has died at the age of 94. A 1965 article by Mr. Moore published in the trade journal Electronics predicted the pace of miniaturization in computer chips and anticipated the development of home computers, smart wristwatches, automatic controls for cars and other inventions as electronic components etched on squares of silicon become smaller, faster and cheaper. Moore’s Law, as his prediction became known, proved a remarkably accurate observation about how quickly engineers would create advances in digital technology that have led to countless fixtures of modern life.

☆ Intel co-founder Gordon Moore, prophet of the rise of the PC, dies at 94
▼ + stars: | 2023-03-25 | by ( Noel Randewich | ) www.reuters.com time to read: +5 min

SAN FRANCISCO, March 24 (Reuters) - Intel Corp (INTC.O) co-founder Gordon Moore, a pioneer in the semiconductor industry whose "Moore's Law" predicted a steady rise in computing power for decades, died Friday at the age of 94, the company announced. Intel and Moore's family philanthropic foundation said he died surrounded by family at his home in Hawaii. In recent years, Intel rivals such as Nvidia Corp (NVDA.O) have contended that Moore's Law no longer holds as improvements in chip manufacturing have slowed down. He went to work at the Shockley Semiconductor Laboratory where he met future Intel cofounder Robert Noyce. In 1968, Moore and Noyce left Fairchild to start the memory chip company soon to be named Intel, an abbreviation of Integrated Electronics.

☆ Intel co-founder Gordon Moore, author of ‘Moore’s Law’ that helped drive computer revolution, dies at 94
▼ + stars: | 2023-03-24 | by ( ) edition.cnn.com time to read: +5 min

Intel co-founder Gordon Moore, a pioneer in the semiconductor industry whose “Moore’s Law” predicted a steady rise in computing power for decades, died Friday at the age of 94, the company announced. Intel (INTC) and Moore’s family philanthropic foundation said he died surrounded by family at his home in Hawaii. It’s been a phenomenal ride.”In recent years, Intel rivals such as Nvidia (NVDA) have contended that Moore’s Law no longer holds as improvements in chip manufacturing have slowed down. He went to work at the Shockley Semiconductor Laboratory where he met future Intel cofounder Robert Noyce. In 1968, Moore and Noyce left Fairchild to start the memory chip company soon to be named Intel, an abbreviation of Integrated Electronics.

☆ Police arrested senior citizens who blockaded banks in a 'Rocking Chair Rebellion' to end fossil fuel use
▼ + stars: | 2023-03-24 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

They say Wells Fargo, Chase, Citibank, and Bank of America should stop lending to fossil-fuel companies. Grey-haired San Francisco protestors donned hats and rain jackets, set up a tent, passed around colorful banners and signs, and sang songs about protecting future generations. Organizers reported that 10 activists who occupied a Chase Bank were arrested on March 22, 2023. There were no arrests in San Francisco, where three young people and three older people chained themselves to the Wells Fargo doors. Morgan McFall-Johnsen"We're hoping to damage the reputation enough that people say: 'Oh no, Wells Fargo is not a good guy.

The trial will be the first test of how Zantac cancer claims will fare before a jury. GSK said in a statement it disagreed with the ruling and would defend the case at trial. Originally marketed by a forerunner of GSK, it was later sold successively to Pfizer (PFE.N), Boehringer Ingelheim and finally Sanofi (SASY.PA). While NDMA is found in low levels in food and water, it is known to cause cancer in larger amounts. Analysts said it was not surprising that Grillo ruled differently from the federal court because California's courts are known to be friendlier to plaintiffs.

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