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Bank of America says small-cap value could lead the US recovery. If August trends upwards per a BofA indicator, then the US economy will officially be in recovery. Historically, small-cap value stocks with solid cash returns have outperformed the market during this phase, reads the note. If you're ready to make an early bet in favor of the economy, then small-cap value stocks are a strong bet. These stocks are in the top quintile for value and are based on five metrics that have performed best in previous recovery cycles.
Persons: Russell, Price Organizations: of America, Bank of America
Nvidia shares have nearly tripled in value this year, adding more than $700 billion to the company's market valuation and making it the first trillion-dollar chip firm. If Nvidia shows weakness, we could be in for quite a substantial correction in the market." Nvidia has only forecast revenue below estimates once in the past two years. Citi analysts said last week they were only modeling a revenue forecast of around $12 billion, but buy-side expectations have gone up to $14 billion. AMD expects to start shipping the chip in the fourth quarter and could control roughly 10% of the AI chip market next year, analysts said.
Persons: Ann Wang, Inge Heydorn, Heydorn, Piper, Harsh Kumar, doesn't overcharge, Kumar, Chavi Mehta, Aditya Soni, Anil D'Silva Organizations: REUTERS, Nvidia, Big Tech, GP, AMD, Citi, Google, Reuters, Thomson Locations: Taipei, Taiwan, China, Bengaluru
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Persons: Dow Jones
They're widely viewed as the best chips for training AI models, and Nvidia's financial forecasts suggest insatiable demand. Even with all that momentum and seemingly insatiable demand, baked into Nvidia's stock price is a slew of assumptions about growth, including the doubling of sales in coming quarters and the almost quadrupling of net income this fiscal year. Looking at the last 12 months of company earnings, Nvidia has a price-to-earnings ratio of 220, which is stunningly rich even compared with notoriously high-valued tech companies. Should Nvidia meet analysts' projections, the current price still looks high compared to most of the tech industry, but certainly more reasonable. It's the steepest weekly decline for Nvidia's stock since September of last year.
Persons: Jensen Huang, Piper Sandler, Harsh Kumar, Amazon's, There's, Christopher Gannatti Organizations: Nvidia, Apple, Microsoft, Amazon, Tesla, Google, AMD, Nasdaq Locations: Taipei, Silicon, Friday's, U.S
I've been a practicing doctor and neurologist for more than seven decades. And at 101 years old, people often ask me how I keep my brain sharp. Some areas of the brain may shrink, communication between neurons may become less effective, and blood flow may decrease. But like any other muscle in the body, our mind needs consistent exercise to thrive. I use three daily rituals to boost my brain health.
Persons: I've
The US women’s team has been historically dominant, winning four World Cups (and four Olympic gold medals). UK-born US national team defender Antonee Robinson in action for Fulham in the Premier League on May 8, 2023. Warren Little/Getty ImagesHistory of US women’s dominanceThe civil rights law Title IX, passed in 1972, is one major reason why the US women’s team is so strong, experts say. Sarina Bolden represents the Philippines at the FIFA Women's World Cup on July 25, 2023. Haiti's Noa Ganthier holds a phone for a selfie in Brisbane Stadium, Australia, at the Women's World Cup on July 21, 2023.
Persons: Antonee Robinson, Sergiño Dest, Tim Weah, , George Weah –, , Gijsbert Oonk, Warren Little, IX, Leander Schaerlaeckens, ” Schaerlaeckens, Oonk, It’s, Schaerlaeckens, , Sarina Bolden, Catherine Ivill, Bolden, she’d, ” Noa Ganthier, I’ve, ” Danielle Etienne, Derrick Etienne, Haiti's Noa Ganthier, Dan Peled, Nigeria’s, Elkeson Organizations: CNN, Washington DC, US, Fulham, FC Barcelona, West African country’s, Sport, Erasmus University Rotterdam, Olympic Games, Premier League, Soccer, Marist College, International, Erasmus University, FIFA, Haiti, Haitian, Haiti’s men’s, men’s Locations: California, Seattle, Philippines, United States, America, Haiti, Jamaica, United Kingdom, Netherlands, US, Liberia, England, Brazil, Spain, Argentina, Europe, American, Florida, father’s, Virginia, Brisbane, Australia, Mexico, Asia, China, Vietnam
Jet Lag: Get Back in the Rhythm
  + stars: | 2023-08-04 | by ( Julie Weed | ) www.nytimes.com   time to read: +2 min
So, for longer trips, seek out or avoid bright light at specific times, said Dr. Olson. On long trips to Asia — when day and night are reversed — it is often easier to shift your cycle backward, said Mickey Beyer-Clausen, chief executive of Timeshifter, which makes a jet lag app of the same name. For example, when flying nonstop from New York to Tokyo, which is 13 hours ahead, think of it as being 11 hours behind (jet lag does not consider the international date line). Online tools like Jet Lag Rooster and Timeshifter help create a customized schedule based on variables like time zone differences, departure and arrival times, and other factors. This small dose is best for reducing jet lag, Dr. Olson said, because studies show a larger dose doesn’t necessarily work better and is more likely to produce side effects.
Persons: Olson, Mickey Beyer, Clausen, Kapur Organizations: Food and Drug Administration Locations: New York, London, Asia, Tokyo, Japan, York
He works with some of the youngest and highest-paid stars in sports, including Joe Burrow and Trae Young. Everything in sports has a bigger price tag — the salary agreements, media-rights deals, and brand partnerships — and some of that is going straight into the pockets of young athletes. Patricof works with more than 230 athlete clients, including legends like Dwyane Wade, Aaron Rodgers, and Venus Williams. Patricof Co.Other young athletes in his client base include 21-year-old Cade Cunningham; 22-year-olds Corbin Carroll, Walker Kessler, and Kyle Hamilton; and 24-year-olds Justin Jefferson, CeeDee Lamb, and Jaelan Phillips. Nearing the height of their fortune and fame, now is the time for young athletes to start investing and thinking ahead, he said.
Persons: Mark Patricof, Joe Burrow, Trae Young, he's, Patricof, Dwyane Wade, Aaron Rodgers, Venus Williams, He's, Cade Cunningham, Corbin Carroll, Walker Kessler, Kyle Hamilton, Justin Jefferson, CeeDee Lamb, Jaelan Phillips, , Warren Buffett, Buffett, you've Organizations: SpaceX, famers, Co, MLB, NFL Pro Bowl, NBA, NFL Locations: Cholula
Delivering affordable electric vehicles (EVs) has become a priority for car makers worldwide as the shift to cleaner driving has come with high prices, due largely to battery costs. In 2022, Chinese car makers had a 9% share of Europe's EV market, nearly double the previous year's figure, according to forecasts by consultancy Inovev. Tavares said Western car makers needed to use "the same weapons" as their Chinese rivals, sourcing parts in lower cost countries and striking partnerships with battery suppliers that offer the best combination of energy, cost and weight. Once-dominant Western automakers are also striving to regain ground in China itself, the world's largest car market, after losing share to local manufacturers. Mercedes-Benz (MBGn.DE) said on Thursday it was sticking to its strategy and would not engage in a price war to "buy" market share in China.
Persons: France's, Thierry Pieton, Luca de Meo, Tesla, Carlos Tavares, Tavares, Mercedes, Ola Kaellenius, Kaellenius, Victoria Waldersee, Silvia Aloisi, Mark Potter Organizations: Western, France's Renault, Finance, Renault, SAIC, Inovev, Jato, Tesla, Peugeot, Fiat, Benz, Mercedes, Thomson Locations: Europe, U.S, Western, China, Berlin
They have three investment accounts for their 2-year-old daughter, including a 529 plan. Insider reviewed screenshots of their investment accounts that showed these details. Brennan walked Insider through the investment accounts they've already opened for their kids. With a custodial Roth IRA, a "custodian" (usually a parent or grandparent) controls the Roth until the child reaches legal adulthood. While there are no age requirements to open a Roth IRA for a child, the child must have earned income.
Persons: Brennan, Erin Schlagbaum, Erin, Rowe Price, that's, Roth, she'll Organizations: Google, YouTube, IRS, Fidelity, Vanguard, IRA
Col du Platzerwasel Puy de Dôme Col du Tourmalet Stage 20 Stage 9 Stage 6 Col du Platzerwasel Stage 20 Puy de Dôme Stage 9 Col du Tourmalet Stage 6 Photos of cyclists climbing mountains at the Tour de France. Col du Tourmalet (Stage 6)10.4 miles 7.4% avg. gradient Tadej Pogacar Pro cyclist Starts in 00:00:00 00:00:00 Rich Bower School administrator 00:00:00 Start the climb! gradient Sepp Kuss Pro cyclist Starts in 00:00:00 00:00:00 Martin Catherineau Student 00:00:00 Start the climb! gradient Feilx Gall Pro cyclist Starts in 00:00:00 00:00:00 Christophe Schmitt Newspaper journalist 00:00:00 Start the climb!
Persons: du Platzerwasel Puy, du, Etienne Garnier, du Platzerwasel, MARCO BERTORELLO, Thibault Camus, Col du Tourmalet, Rich Bower, du Tourmalet, Bower, Rich Bower “, , , Puy, Sepp, Martin, Sepp Kuss, Martin Catherineau, Col du Platzerwasel, Christophe Schmitt, Felix Gall of Austria, Schmitt Organizations: Tour de France, Agence France, Presse, Getty Images, Getty, AP, Amateur, de France, Rich Bower School, Martin Catherineau Locations: AFP, Slovenia, Oxfordshire, England, France, American, Lyon, Europe, Eastern France, Mulhouse
Anson Dorrance knew he was a pioneer during his eight years as head coach of the US Women’s National Team (USWNT). Any understanding of how and why the USWNT is women’s soccer’s dominant force, a four-time Women’s World Cup winner and favorite to win the next edition currently taking place in Australia and New Zealand, must start with Dorrance, the groundbreaker and the bricklayer. Five years later, the first Women’s World Cup was held in China – not that it was initially labelled a World Cup as world governing body FIFA worried it might not be a success. A third-placed finish followed at the 1995 Women’s World Cup, and then came the Atlanta Olympics a year later. The success of 1999 would lead to the world’s first professional women’s soccer league, the Women’s United Soccer Association (WUSA).
Persons: CNN —, , Anson Dorrance, “ You’re, Dorrance, , , Michelle Akers, ” Akers, Mike Ryan, , Akers, IX, I’m, ” Dorrance, “ There’s, Lori Lindsey, Lauren Cheney, Darryl Dyck, George Bush, Barry Thumma, didn’t, ” Caitlin Murray, Murray, David Cannon, Billie Jean King, “ We’ve, Lindsay, USWNT, Harry, Brandi Chastain’s, “ We’re, ” Brandi Chastain, Robert Beck, Chastain, Mia Hamm, Kristine Lilly, Julie Foudy et, Megan Rapinoe, they’re, it’s, ” Rapinoe, Richard Heathcote, Lindsey, Becky Sauerbrunn, Rapinoe, Alyssa Thompson, Naomi Girma, Taylor Swift Organizations: CNN, US, National, CNN Sport, Dorrance, men’s, University of North, Coaches, FIFA, America, Soccer, Federal, Olympic, Canada, American, High School, National Collegiate Athletic Association, Guatemala, CONCACAF, Canadian Press, Central, USA, “ National, Atlanta Olympics, Getty, US Soccer, revelled, China, Rose, Women’s United Soccer Association, National Women’s Soccer League, “ 99ers, Tokyo, England Locations: Australia, New Zealand, University of North Carolina, Italy, Seattle, Irish, United States, England, Brazil, Central Florida, China, Norway, New York, Hamm
CNN —China-based hackers breached the email account of US Ambassador to China Nicholas Burns as part of a recent targeted intelligence-gathering campaign, three US officials familiar with the matter told CNN. Blinken raised the issue of the hacking incident in a meeting with top Chinese diplomat Wang Yi last week, a senior State Department official said. A State Department analyst in mid-June noticed unusual cyber activity on the department’s computer systems and alerted Microsoft to the issue, according to multiple sources. Eric Goldstein, a senior CISA official, told CNN he fielded calls about the hack while on a weekend getaway out of Washington with his children. CISA’s engineers used a simulation lab to test different theories of how the hackers might have gotten into the State Department email accounts, he told CNN.
Persons: China Nicholas Burns, Daniel Kritenbrink, Antony Blinken, Gina Raimondo, Biden, Blinken, Wang Yi, Burns, , ” Blinken, Washington, Eric Goldstein, , Goldstein Organizations: CNN, State, Wall Street, FBI, State Department, Microsoft, Infrastructure Security Agency Locations: China, East Asia, Beijing, Blinken’s, United, Jakarta, Indonesia, Washington
Netflix’s focus on streaming has also helped it dodge some of the other problems bedeviling its peers, including weaker-than-expected box office results for expensive blockbusters. (That was also evident in China, which some in Hollywood had hoped could make up for underperformance at home.) While the company will save on content spending in 2023, it will have to pay for American productions at some point. “This strike is not an outcome that we wanted,” Ted Sarandos, the company’s co-C.E.O., told analysts yesterday. In more strike news: Film production in Los Angeles during the second quarter fell to lows not seen since the middle of the pandemic.
Persons: Hollywood, underperformance, Disney’s Robert Iger, Ted Sarandos, Elon Musk Organizations: Netflix Locations: China, Hollywood, Los Angeles
Pita has denied he broke election rules and previously accused the Election Commission of rushing the case to court. A group of opposition parties then formed a coalition aimed at forming a majority government and put forward Pita as a prime minister candidate. Pita, a 42-year-old Harvard alumni, called the coalition “the voice of hope and the voice of change” and said all parties had agreed to support him as the next prime minister of Thailand. In Thailand, a party or coalition needs to win a majority of 375 seats in both lower and upper houses of parliament – currently 749 seats – to elect a prime minister and form a government. Pita received just 324 votes out of the 376 needed for a majority and the kingdom is still without a prime minister as the political jostling continues.
Persons: CNN —, Pita Limjaroenrat, Pita, Prayut Chan, Establishment’s, Organizations: CNN, Move Forward, Party, Harvard Locations: Thailand
China also urges platforms to “participate in the formulation of international rules and standards” related to generative AI, it said. Generative AI tools like ChatGPT have taken the world by storm. Generative AI refers to the technology that underpins platforms like ChatGPT. In the global race to build guardrails for how governments tap AI, China had gained a significant head start, US Senator Mark Warner warned last month. So far, Baidu, Alibaba and JD.com’s generative AI services are either in the trial stage or being tested by corporate users.
Persons: , Olivier Morin, Mark Warner, Organizations: Hong Kong CNN, Cyberspace Administration, Ant, Baidu, Getty, China, Politico’s Global Tech Summit ., ” Citi, National Development, Reform Commission Locations: Hong Kong, China, Beijing, AFP, United States
KPMG is betting big on AI — another sign the technology's use is spreading fast. They plan to jointly develop generative AI tools for areas like the supply chain and cybersecurity. Through their tie-up, the companies plan to jointly develop generative AI tools for KPMG's employees and clients, he said. On the cybersecurity defense front, generative AI can help interpret a range of data to provide quicker information about potential threats and how to respond to them. "But generative AI provides a huge head start."
Persons: Carl Carande, Microsoft didn't, Carande, We're Organizations: KPMG, Microsoft, Morning, Reuters
Former Treasury Secretary Larry Summers said US deficits are on an unsustainable trajectory. Deficits are stoking inflation and forcing the Fed to raise rates more than it would otherwise, he told the Atlantic. "I don't think there's ever been a moment when the trajectory looks nearly as ominous as it does now." During the Great Financial Crisis, he was among the top voices in the Obama administration to support federal deficit spending to jump start the economy and avoid long-term stagnation. For Summers, there's no reason the government should continue to run massive deficits, noting that the economy is growing at a healthy pace.
Persons: Larry Summers, Summers, Obama, Trump, there's Organizations: Fed, Service, Republican, Social Security, Medicare, Federal Reserve Locations: Wall, Silicon
But that plan carries serious risk, as it would jeopardize still-sizable cable revenue without guaranteeing that enough sports fans would support such a product. Several other analysts — including Barton Crockett of Rosenblatt Securities, who has a buy rating for Disney shares — seconded those concerns about cannibalizing cable revenue. Nollen estimated 35 million current cable customers would switch to ESPN DTC. ESPN DTC is zero incremental cost and potentially billions in incremental revenue." An ESPN streamer (in light purple) would gradually drive revenue for Disney, Wells Fargo predicts.
Persons: Disney, that's, Jalen Rose, Todd McShay, Bob Iger, Macquarie's Tim Nollen, Nollen, Barton Crockett, , Crockett, who'd, Will, you've, they'll, William Cohan, Cohan, Joe Bonner, Bonner, Brandon Nispel, Iger, Nispel, We've, Jason Bazinet, Bazinet, Hulu —, Wells Fargo's Steven Cahall, Cahall, Wells Organizations: ESPN, Disney, Bank of America, NBA, Sports, ESPN Disney's ESPN, Rosenblatt Securities, ESPN DTC, Will Disney, Citigroup, NFL, NBC, Apple, Comcast, NBC Sports, Netflix Netflix, Hearst, Argus Research, Netflix, KeyBanc, Hulu, DIS, Wells Fargo Sports Locations: Wells Fargo, it's, Wells, Hulu, Puck
Experts told Insider that Gen Z was well positioned to capitalize on the AI boom. That could supercharge Gen Z careers, as generative AI is expected to affect millions of jobs, and companies are already seeking talent to help navigate those changes. "From that perspective, Gen Z should be in a good position to capitalize on the AI boom." Gen Zers are using AI for research and brainstormingLais Silva, a Gen Z content manager at a social-media startup, said she'd essentially replaced Google with ChatGPT. Older generations could have a competitive edge over Gen Z because of experience — if they're open to learning AI toolsThe AI revolution isn't guaranteed to be a boon for Gen Z workers.
Persons: Z, , AJ Eckstein, He's, He'll, Eckstein isn't, they'd, Gen Zers, ChatGPT, Carl Benedikt Frey, Eckstein, Lais Silva, she'd, Morgan Young, chatbots, She'll, Oxford's Frey, Columbia's Netzer, Gen Organizations: Service, Fortune, Columbia Business School, Pew, Oxford University, Google
Bank of America says silicon-based chips are expected to grow to $10 billion by 2027InfiniBand (IB) and ethernet can both be used for AI computer networks. But Bank of America expects the global AI software market to reach $900 billion by 2026, up from just under $600 billion this year. But generative AI isn't like your average search engine. As big-tech cloud providers begin to integrate generative AI into their centers, the demand for things such as networking silicon is set to skyrocket. The investment bank expects ethernet to attract most of the $10 billion market share, growing from $500 million to $6 billion by 2027.
Persons: InfiniBand, Vivek Arya Organizations: of America, Nvidia, Broadcom, Marvell Technology, Nasdaq, Microsoft, Google, Bank of America, IB
While mandatory reporting on nature may still be a long way off, for some companies, measuring their impact on nature makes good business sense. “Not enough companies are actually measuring their corporate biodiversity impact,” said Steve Kennedy, associate professor in business sustainability at the Rotterdam School of Management. Biodiversity impact, on the other hand, remains a more nebulous concept, with widespread uncertainty about what to measure and how to measure it. While biodiversity impact remains difficult to assess, more complete data can help, said Zoe Balmforth, co-founder of biodiversity-data startup Pivotal. And companies will soon have a final framework on which to base their voluntary biodiversity reporting.
Persons: Jennifer Motles, Philip Morris, Motles, Katie Critchlow, Rémy Cointreau, Eric Vallat, LVMH Moët Hennessy Louis Vuitton, , Steve Kennedy, Kennedy, “ It’s, , ” Philip Morris International’s, Nicolo Filippo Rosso, Zoe Balmforth, Balmforth, Cameron Frayling, Frayling, U.N, JULIAN HABER, Kering, PMI’s Motles, Joshua Kirby Organizations: Philip Morris International, Data, Sustainable Business, Fund, Nature, PMI, Rotterdam School of Management . Companies, SAS, Bloomberg, World Bank, REUTERS Governments, United Nations ’, pharma, GSK, Gucci Locations: Montreal, American, of Mexico, Lake Erie, Colombia, Kunming, Canada, joshua.kirby
Analyst Gary Yu upgraded shares of the Chinese internet stock to overweight from equal weight and raised his price target by $30 to $190. That's because of its full-stack AI capabilities, commercial use cases, willingness to continue research and its development investments in the AI space. An early advantage and relatively lower regulatory hurdles should also help the company lead the pack, he said. "We believe China's AI evolution is at an inflection point, and BIDU is the best play to capture the US$7.4tn AI internet opportunity," Yu said in a note to clients Monday titled "The Best AI Play in China." Baidu shares are up nearly 27% year to date.
Persons: Morgan Stanley, Gary Yu, Yu, Baidu, That's, , Michael Bloom Organizations: Baidu Locations: China
But facing pressure to deliver new shots by the fall, Pfizer, Moderna and Novavax began development on versions of their vaccines targeting XBB.1.5 months before the FDA's decision. That doesn't include Johnson & Johnson , a once-leading Covid vaccine developer. Moderna expects a minimum of $5 billion in revenue from its Covid vaccine, its only available product. The cash-strapped company won U.S. approval for its Covid vaccine under emergency use just last year due to regulatory and manufacturing delays. The company hopes to rake in $1.06 billion to $1.24 billion in sales of its Covid vaccine this year.
Persons: Novavax, Dr, Melinda Wharton, Johnson Organizations: Chicago Department of Public Health, Southwest Senior Center, The U.S . Food, Pfizer, Moderna, FDA, Centers for Disease Control, National Center, Manufacturers, U.S, Moderna's Locations: COVID, Chicago , Illinois, The U.S, Novavax, U.S
In this article DIS Follow your favorite stocks CREATE FREE ACCOUNTIt's been 17 years since my last trip to Disney World. But if you're an infrequent visitor, traveling with young kids or uninterested in diving into the world of Disney blogs, buying access to shorter lines is your best bet. You may be on vacation, but a trip to Disney World is no time for a digital detox. Jonathan Alder called VIP tours at Disney World "the greatest thing." Buy the bandsMagicBands are part of the ever-growing list of formerly free items that are now chargeable at Disney World.
Persons: Rafael Henrique, , Peter Pan, Jonathan Alder Organizations: Disney, CNBC, Lightning, Jonathan's
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