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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTest for AI product service market is 'whether people are willing to pay': NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business professor of finance, joins 'Closing Bell Overtime' to talk Nvidia earnings and valuation.
Persons: Damodaran Organizations: NYU Stern School of Business
The narrative from Silicon Valley is that the AI train has left the station and any smart investor had better hop on before these products become “superintelligent” and start solving all the world’s problems. Now, some of the leading language models appear to be hitting a wall, according to at least three reports last week. But if we have indeed hit a scaling wall, “it may mean that the the mega-cap technology companies have over-invested” and it’s possible that they could scale back in the near future. That’s the AI optimist/pragmatist view. For a less rosy outlook, I turned to Gary Marcus, NYU professor emeritus and outspoken critic of AI hype.
Persons: CNN Business ’, New York CNN — It’s, OpenAI, , that’s, , Orion “, Ilya Sutskever, ” Sutskever, Marc Andreessen, Sam Altman, ” Gil Luria, Davidson, it’s, ” Luria, Gary Marcus, ” Marcus, “ LLMs Organizations: CNN Business, New York CNN, Nvidia, Tech, ” Bloomberg, ” Reuters Locations: New York, GPT
Art on the auction blockA little more than half of Phillips, Christie’s and Sotheby’s sales — which will carry the three aforementioned art pieces — were based in New York, where 34 of the top 50 auction lots were sold in 2023, according to an Art Basel and UBS Art Market Report. Christie’s is auctioning 689 lots this week as part of the November art auctions. But Todd Levin of Levin Art Group was skeptical that tax cuts would do much for the art market. Interest ratesAnother drag on the art market over the last few years: high interest rates. A signal for what’s to comeNew York’s art auctions in the spring and fall could be a sign of things to come for the global art market, according to Woodham.
Persons: Maurizio Cattelan’s, , Andy Warhol’s “, Rene Magritte’s “, Sotheby’s, Phillips, Merrill Lynch, Donald Trump, Alex Glauber, ” Glauber, Christie’s, René Magritte, Marc Porter, Hiroko Masuike, Trump, bode, Todd Levin, “ It’s, Doug Woodham, , Fernando Botero's, Kena Batancur, Glauber, Amy Whitaker, , ” Whitaker Organizations: New, New York CNN, Andy Warhol’s “ New York Skyscrapers, of, Christie’s, Association of Professional Art Advisors, CNN, Art Basel, UBS Art, New York Times, UBS Survey, Global, Trump White, Levin Art, Federal Reserve, Trump, NYU Steinhardt Locations: New York, Belgian, Christie’s Americas, Woodham, AFP, Miami
Following Trump’s decisive election victory, many DOJ officials and career staffers were already nervous about the possibility that they would be targeted by Trump loyalists, particularly members of Congress. “Everything we did was above board,” said a former senior FBI official, who has started contacting lawyers because he expects to be prosecuted himself. “Agents have to do 20 years,” the former senior FBI official said. DOJ and FBI officials say that the Trump investigations were carried out properly. Now, a new group of DOJ and FBI officials are facing the prospect of hefty legal fees as well.
Persons: Trump, Matt Gaetz, , elect’s, beholden, Gaetz, , “ Trump, Wally Skalij, Weeks, Stephen Cheung, Witch Hunt, ” Cheung, Stephen Gillers, General Merrick Garland, Trump’s, Garland, Mike Davis, Jack Smith, Smith, Donald Trump, Jacquelyn Martin, Ilya Somin, ” Somin, Robert Mueller, Paul Manafort, Bill Barr, John Durham, Russia’s, Durham, Jack Smith’s, ” Gillers, Captain Ahab Organizations: Justice Department, FBI, Trump loyalists, Trump, , DOJ, Los Angeles Times, Getty Images Trump, New York University Law School, , DOJ DOJ, Department, Justice, George Mason University, Russia, CIA, NYU Locations: Coachella , Calif, Washington, Gaetz
But now it appears that some luxury brands have forgotten that aim. Dukas/Getty ImagesRay of Buttermilk said that some luxury brands have been hesitant to explore collaborations as a means of engaging Gen Z consumers because they fear losing their luxury allure. The future is vintageLuxury players might be kicking themselves for alienating Gen Z consumers, but Gen Zers never forgot about luxury. But secondhand's success isn't bad news for primary luxury brands, Escribano said. Bar certain luxury products like Hermès Birkins handbags, secondhand luxury is by and large cheaper and retains a level of exclusivity, she said.
Persons: Bain, Louis Vuitton, Z, Gen Z, There's, Claudia D'Arpizio, Blanca Zugaza Escribano, Gen, D'Arpizio, LVMH, Prada, Sabrina Carpenter, Marleen Moise, Getty, Jamie Ray, Escribano, Gen Z's, Thomaï, They've, Gen Zers, Z's Organizations: Louis, Prada, Bain & Company, Industry, Bain, Business, NYU's Stern School, Gen Locations: Hermès
After college, he got a job at a Big 4 consulting firm, but his childhood dream was to make manga. He found success on platforms like Webtoon and ultimately quit his finance job to write full time. WEBTOONI published my first novel when I was 17I started working on writing my first novel when I was 14. I convinced my parents that my webcomic career was sustainableI finally quit my finance job in May 2021. They see everything I'm doing and my passion.
Persons: Brandon Chen, I'm, WEBTOON, , I'd, COVID, Tezuka, it's, Kentaro Miura Organizations: Productions, Big, New York Comic Con, NYU, KPMG, Webtoon Locations: New York City, Instagram, Japan
Australia's government has proposed a social media ban for children under the age of 16 which experts have described as a "momentous step," as parents globally call for greater regulation of tech companies. Other platforms have sought to address the harm social media can do to young peoples' mental health, with Meta's Instagram launching "Teen Accounts" in September. Zach Rausch, an NYU Stern School of Business research scientist and lead researcher on No.1 New York Times bestselling book "The Anxious Generation," said Australia's legislation was a "momentous step" and will make Australia a "global leader in protecting kids online." The Australian law would see social media platforms held entirely responsible for preventing access to children. Children who breach the law and their parents will not face any penalties.
Persons: Anthony Albanese, Meta's Instagram, Bytedance's TikTok, Elon Musk's X, Dany Elachi, Elachi, , TikTok, Meta's, Zach Rausch Organizations: Australian, Facebook, Up Alliance, CNBC, Big Tech, NYU Stern School of Business, New York Times Locations: Australian
When Omarni Webb decided she wanted to get a master's degree, she was determined not to go into debt. Webb completed a master's degree in marketing in Sweden and later worked as a data analyst. I figured that having a master's degree would give me an edge because I would know how to design clothes and market them. I looked at Columbia and New York University but soon realized that I couldn't afford to go to either, even if I got accepted. I had gotten through college with no debt and wanted to do the same for my master's degree.
Persons: Omarni Webb, Webb, , Pell Grant, TJ Maxx, I'm, Erin Organizations: Ikea, Service, Fashion Institute of Technology, Citadel, New York University, NYU's Stern School of Business, Mälardalen University, Stockholm University, Marvel Locations: Sweden, Manhattan, New York, Columbia, Burlington, Marshalls, Västerås, Stockholm, Brooklyn, London, Europe, Germany, Estonia, Denmark, Finland, Paris
Bomb threats sent to polling places and ballot-counting locations in at least five battleground states across the U.S. Tuesday targeted mostly Democratic counties, an NBC News analysis has found. Of the 67 locations, 56 were in 11 counties that voted for Joe Biden in the 2020 election, including the eight most populated. Those high-population Democratic counties include voting locations for Milwaukee, Wisconsin; Detroit, Michigan; Phoenix, Arizona; Atlanta, Georgia; and Philadelphia, Pennsylvania. Maricopa County, Arizona, which Biden won by a slim margin, has consistently been the subject of election denialism conspiracy theories. Some of the threats also included counties that voted heavily for Donald Trump in 2020, including the comparatively smaller Blair and Clearfield Counties in Pennsylvania.
Persons: Joe Biden, Biden, It’s, , Larry Norden, , it’s, ” Norden, Donald Trump, Brad Raffensperger, Authorities didn’t Organizations: U.S, Democratic, NBC, , NBC News, Center for Justice, FBI, National Intelligence, Washington , D.C, Embassy, Authorities Locations: Milwaukee , Wisconsin, Detroit , Michigan, Phoenix , Arizona, Atlanta , Georgia, Philadelphia , Pennsylvania, Maricopa County , Arizona, Wayne County, Philadelphia County, Georgia’s DeKalb, Fulton, Gwinnett, DeKalb, Blair, Clearfield Counties, Pennsylvania, Georgia, Russia, Iran, Washington ,
Luckin Coffee, which has put up a strong fight against Starbucks in Asia, is looking to the US. The chain is known for its aggressive deals, unusual flavors like a Big Cheese coffee drink, and mobile ordering. Luckin versus StarbucksI started at Luckin Coffee. Aditi BharadeThe most expensive drink on the menu was an Iced Oat Shakerato listed for 8 Singapore dollars, or $6. Representatives for Luckin Coffee didn't respond to a request for comment from BI for this story.
Persons: , Brian Niccol, Niccol, Luckin, Aditi Bharade, Rachel Ruggeri, Ruggeri, It's, David Yu, Jiang, it's, Tiruchelvam, Yu Organizations: Starbucks, Service, Business District, Staff, Singapore, Luckin, BI, Bros, NYU, Aletheia Capital Locations: Asia, China, Singapore, Beijing, United States
Exercising at specific times of day could lower colorectal cancer risk, a new study found. Colorectal cancer rates have fallen since the '80s, but have risen in under-55s by 1 to 2% yearly since the mid-'90s. Previous studies have found that people who exercise regularly have a lower colorectal cancer risk than those who don't. After five years, 529 of the participants were diagnosed with colorectal cancer, also known as bowel cancer. "Every movement counts for reducing colorectal cancer risk, meaning that doing any amount of physical activity is better than none," Orange said.
Persons: , Michael Leitzmann, Sam Orange, It's, Michael Shusterman, NYU Langone's Organizations: Service, BMC Medicine, University of Regensburg, University of Newcastle, International, of Cancer, American Cancer Society, Society, NYU, NYU Langone's Perlmutter Cancer Center Locations: Germany, UK, Long
Even Warren Buffett thinks his stock is too expensive
  + stars: | 2024-11-05 | by ( John Towfighi | ) edition.cnn.com   time to read: +3 min
CNN —Warren Buffett’s Berkshire Hathaway has over $325 billion in cash on hand. Berkshire Hathaway was a net seller of stocks across its portfolio that quarter and grew its cash-on-hand to record amounts. Berkshire Hathaway’s actions signal to investors that its stock might be overvalued, Cathy Seifert, an analyst at CFRA Research, told CNN. Buffett will repurchase shares when he thinks the price is “below Berkshire’s intrinsic value, conservatively determined,” according to Berkshire Hathaway’s regulatory filings. “All this suggests that Buffett has serious concerns about the economic backdrop and the current state of the stock market,” Mould said in a note.
Persons: CNN — Warren, Berkshire Hathaway, Buffett, Cathy Seifert, they’re, ’ ” Seifert, He’s, ” Robert Korajczyk, Aswath, , ” Damodaran, “ They’ve, Russ Mould, AJ Bell, ” Mould, ” Korajczyk Organizations: CNN, Berkshire, Securities, Exchange, CFRA Research, Buffett, Berkshire Hathaway’s, Northwestern’s Kellogg School of Management, NYU Stern School of Business Locations: Berkshire, , ,
Some pediatricians are stunned by the possibility that vaccines proven to save kids’ lives could be banned in a second Trump administration. “I have watched a child die in the hospital of a vaccine-preventable illness because her parents refused to vaccinate her. Many parents today have not witnessed that — yet,” said Dr. Catherine Ohmstede, a pediatrician at Novant Health in Charlotte, North Carolina. However, kindergarten vaccination rates had been falling in the U.S. for years before Trump embraced Kennedy and his anti-vaccine views. Amy Pisani, CEO of the nonpartisan, nonprofit organization, Vaccinate Your Family, said she worries about the outcomes of the latest anti-vaccine sentiments.
Persons: Trump, Donald Trump, he’ll, Robert F, Kennedy Jr, Kennedy, doesn’t, he’s, he’d, , , Catherine Ohmstede, ” Ohmstede, Adam Ratner, Rochelle Walensky, That’s, Deanna Behrens, “ I’m, Amy Pisani Organizations: NBC News, Health, Centers for Disease Control, Children’s, NYU Langone, CDC, American Academy of Pediatrics Locations: U.S, Charlotte , North Carolina, New York City, Illinois
James Van Der Beek announced his colorectal cancer diagnosis in a People interview on Sunday. Van Der Beek's announcement comes as more people under 50 are being diagnosed with colorectal cancer. AdvertisementJames Van Der Beek has announced his diagnosis of colorectal cancer. "There's reason for optimism, and I'm feeling good," Van Der Beek, 47, added. AdvertisementThe rise of colorectal cancer in young peopleVan Der Beek's announcement comes as more young people are being diagnosed with colorectal cancer, a 2023 report by the American Cancer Society found.
Persons: James Van Der Beek, Instagram, Van Der, , Van Der Beek, Michael Shusterman, NYU Langone's, JJ Singleton, Josh Herting Organizations: Service, Business Insider, American Cancer Society, NYU, NYU Langone's Perlmutter Cancer Center
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is in pause mode on mega caps and saying 'show me the money', says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business professor, joins 'Closing Bell' to discuss where mega caps go from here after most of the sector have reported earnings.
Persons: NYU's, Damodaran Organizations: NYU Stern School of Business
With Pennsylvania expected to be a close and crucial state in the 2024 race for the presidency, it's unusual election laws are again under the microscope. Election experts say Pennsylvania's laws make it fertile ground for rigged election claims to flourish. “The Pennsylvania legislature had multiple opportunities to clarify and improve the state’s election law,” said Nate Persily, an NBC News election law expert and professor at Stanford Law School. Vance, was "voter fraud" perpetrated by Democrats. Trump supporters on county boards across the country have sought to block the certification of election results by delaying or voting against the certification in the past.
Persons: it's, , , Nate Persily, Donald Trump, J.D, Vance, Al Schmidt, “ They’ve, they’ve, , ” Trump, Wendy Weiser, Weiser, isn’t, , Michael Morse, Morse, Trump Organizations: Pennsylvania, NBC, Stanford Law School, Brennan Center for Justice, NYU Law School, NBC News, Trump, University of Pennsylvania Law, Court of, Electoral Locations: Pennsylvania, Bucks County, Lancaster, Lancaster County , Pennsylvania, , Court of Pennsylvania
That changed Friday, when tens of thousands of DACA recipients became able to sign up for health insurance coverage under the Affordable Care Act for the first time. Bortolleto said she plans to sign up government-funded health insurance as early as Friday. The limited options, she said, mean many DACA recipients can’t get quality health insurance, resulting in high uninsured rates. The lawsuit says that expanding coverage to DACA recipients will create additional “resource burdens” and harm to taxpayers. She and other DACA recipients have asked the court to allow them to join the Kansas case, siding with the defense.
Persons: Camila Bortolleto, Camila, Bortolleto, ” Bortolleto, , Barack Obama, Drishti Pillai, Pillai, can’t, ” Pillai, Donald Trump, Arthur Caplan, , ” Caplan, “ They’re, Kris Kobach, Biden, ” Juliana Macedo, Nascimento, Trump, Macedo, Quezada, ” Quezada, she’ll Organizations: Affordable, Biden, National Immigration Law Center, Children’s Health Insurance, NYU Langone Medical, University of Washington, Republican Locations: Brazil, Connecticut, U.S, Kansas, North Dakota, New York City, Maryland, Mexico
Those rules were designed to prevent a repeat of the abuses of Richard Nixon, who improperly used the Justice Department to punish his political enemies. A new president appoints roughly 300 senior Justice Department officials, including the U.S. attorneys who run offices across the country. All 300 must be confirmed by the Senate, but multiple former Justice Department officials said they fear Trump would install partisans willing to do his bidding. Justice Department officials have risen to the occasion and defied presidential overreach in the past. You go in and just whack a good portion of the workforce,” the former Justice Department official said.
Persons: Donald Trump, , Trump, don’t, Richard Nixon, , , Joyce Vance, Barbara McQuade, Sen, JD Vance, Vance, Vance’s, Biden Justice Department’s, Hunter Biden, Robert Menendez, Eric Adams, Jack Smith, Aileen Cannon, Cannon, Jeffrey Clark, Clark, Mike Davis, influencer Benny Johnson’s, Davis, Joe Biden, Jan, gulag ”, ” Trump, ” Vance, “ Trump, Stephen Gillers, Gillers, Rudy Giuliani, Sidney Powell, ” Gillers, Ilya Somin, Somin, Nixon, Archibald Cox, wouldn’t Organizations: NBC, Google, National Public Radio, NBC News, Justice Department, FBI, Trump, Department, U.S, Senate, Drug, Administration, Alcohol, Tobacco, Firearms, Explosives, DOJ, Biden Justice, Robert Menendez of New, New York, U.S . Capitol, ABC News, Republican, Politico, D.C, gulag, Service, NYU School of Law, George Mason University, senior Locations: U.S, Alabama, Ohio, Georgia, Robert Menendez of, Robert Menendez of New Jersey, New, , acquittals
Gen Zs have found a more authentic resource when researching colleges: college content creators. College content creators give study advice and post snippets of day-to-day school life on TikTok. Helaine ZhaoThe rise of college content creatorsAs of October 29, there were 2.3 million TikTok videos under the hashtag "college life." The popularity of college content on TikTok has introduced a slew of content creators covering their school life. AdvertisementAt the same time, college content can also change how prospective students view a college for the worst, Greg Kaplan, a college advisor, said.
Persons: Zs, , Ryan Fuhrman's, TikTok, Z, Zers, Helaine Zhao, Zhao, Elise Pham, Pham, Lillian Zhang, UC Berkeley vlogs, Zhang, I've, Lucie Vágnerová, Greg Kaplan, Kaplan, Ryan Fuhrman, Fuhrman, Franklin Antonio, Franklin Antonio Hall — Organizations: Service, New York University, University of California, University of Southern, Google, Harvard, Stanford, Yale, Ultimate Ivy League, University of California Berkeley, UC Berkeley, Big Tech, BKT Education, Kaplan Educational, UCSD, NYU, USC, California State University, Franklin, Franklin Antonio Hall Locations: NYU, University of Southern California, Berkeley, Brooklyn, Fuhrman, San Diego, San Jose, La Jolla
Hoda Kotb, 60, said she used to think that she didn't deserve her kids. AdvertisementKotb, whose treatment for breast cancer in 2007 had left her infertile, has been open about her experience as an older mother. A representative for Kotb did not immediately respond to a request for comment from Business Insider sent outside regular business hours. Related storiesHaving kids later in lifeMore women are becoming parents later in life. "I've nurtured myself, as well as my partner, and during that time, acquired certain instincts and traits that will undoubtedly make me a better mother today than I would've been at 33."
Persons: Hoda Kotb, Haley, , Suzy Welch, Kotb, I'm, Bethenny Frankel, Heather Grossman, Blake Turck, I've Organizations: Service, NYU Stern School of Business, Business Insider, CDC, BI Locations: Hope, Austin , Texas
"Woman of the Hour" is based on the true story of serial killer Rodney Alcala's appearance on a game show. Advertisement"Woman of the Hour" tells the story of real-life serial killer Rodney Alcala's appearance on "The Dating Game" in 1978, in the middle of a murder spree. "Woman of the Hour" diverges from the real events at times, but the character of Charlie (Kathryn Gallagher) has a tragic story that's eerily similar to one of Alcala's victims. Related storiesStewardess Charlie meets Rodney while moving into her new apartment in 1971Kathryn Gallagher as Charlie in "Woman of the Hour." Charlie is most similar to Cornelia Crilley, one of Alcala's victims in the '70sKathryn Gallagher as Charlie in "Woman of the Hour."
Persons: Rodney, Cornelia Crilley, Acala, , Anna Kendrick, Sheryl, Daniel Zovatto, Ryan Murphy's, Lyle, Erik Menendez, Bobby, Charlie, Kathryn Gallagher, who's, he's, Alcala, John Berger, Crilley, Crilley's, Ellen Organizations: TWA, Service, ABC, Netflix, York University, NYU, Airlines Locations: New York City, New Hampshire, Queens, Crilley, California
New York low-key women's fashion brand Veronica Beard just launched a collaboration with the NFL. On Sunday, the NFL announced a partnership with Veronica Beard, a low-key luxury fashion brand in New York founded in 2010 by sisters-in-law Veronica Miele Beard and Veronica Swanson Beard. AdvertisementMany luxury brands are increasingly courting sports fans as an untapped source of revenue. The luxury fashion industry can't rely on sports to be its saving grace long-termHowever, Pedraza said, not all collaborations reap big rewards. "There's a bit of a lack of innovation on the part of some luxury brands," he said.
Persons: Veronica Beard, , Veronica Miele Beard, Veronica Swanson Beard, Veronica, Dickey Jackets, Renie Anderson, Taylor Swift, Serdari, Swift, LVMH, Bernard Arnault's, Red Bull, Louis Vuitton, Bernard Arnault, Victor Boyko, Milton Pedraza, Pedraza, — Gen Zers, millennials —, they're, Mary Organizations: NFL, Service, Business, NYU's Stern School, Formula, Bloomberg, Paris FC football, Red, Paris Olympics, NBC, Luxury Institute Locations: York, New York
An army of political propaganda accounts powered by artificial intelligence posed as real people on X to argue in favor of Republican candidates and causes, according to a research report out of Clemson University. The network identified by the Clemson researchers included at least 686 identified X accounts that have posted more than 130,000 times since January. Many of the accounts were removed from X after NBC News emailed the platform for comment. In Arizona’s Republican congressional primary, the accounts supported Blake Masters over Abraham Hamadeh. A search on X for that hashtag shows only one other tweet, from 2018, has used it.
Persons: Donald Trump’s, Pepe, Darren Linvill, They’re, Frank LaRose, Bernie Moreno, Blake Masters, Abraham Hamadeh, didn’t, , Sen, Sherrod Brown, ” OpenAI, Kai, Cheng Yang, , Yang, ChatGPT, Elon Musk, Musk, ” Linvill, Larry Norden, “ There’s, ” Norden, , Norden, Clemson’s, Eric Hartford, Hartford Organizations: Republican, Clemson University, Clemson, NBC, NBC News, Democratic, Clemson’s Media, , Ohio Republican Senate, Trump, GOP, Hamadeh, Northeastern University, Ohio Republican, Center for Justice, United, Social Locations: American, Montana , Pennsylvania, Wisconsin, Ohio, , China, Taiwan, Iran, Russia, Ukraine, United States, U.S
Shifting DEI Winds: Moving Forward
  + stars: | 2024-10-16 | by ( ) www.cnbc.com   time to read: 1 min
After years of developing initiatives, corporations are dismantling and redefining DEI programs and policies. Workforce executives are dealing with the fallout—not only in court, but also having to redefine DEI. Kenji Yoshino, NYU School of Law Professor and Meltzer Center DEI Director
Persons: Kenji Yoshino Organizations: Workforce, NYU School of Law, Meltzer, DEI
“For comparison, the duration of an eye blink is about 180 milliseconds,” Zhou added. “Our apparatus could be used for therapeutic purposes, such as olfactory training for patients with olfactory loss,” Zhou said. The researchers asked 229 adults in China to wear this device and smell different odor mixtures: two odors presented in quick succession within a single sniff. However, temporal sensitivity is not limited to hearing: our sense of smell can also perceive small temporal changes in odour presentations,” he wrote. In addition, this study sheds important light on the mysterious mechanisms that support human odor perception,” Datta wrote in an email.
Persons: Dr, Wen Zhou, Zhou, ” Zhou, , Dmitry Rinberg, , Sanjay Gupta, Sandeep Robert Datta, ” Datta Organizations: CNN, Chinese Academy of Sciences, University of Chinese Academy of Sciences, Ohio State University, of Neuroscience, NYU Langone Health, CNN Health, Neurobiology, Harvard Medical School Locations: Beijing, China, New York
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