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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump's Treasury pick has "calming influence" on markets, says policy expertSteve Pavlick, principal of public policy firm Mindset believes that Trump's Treasury Secretary pick Scott Bessent has a positive influence on the U.S. economy and markets, and will help deliver the President-elect's pro-growth policy.
Persons: Steve Pavlick, Scott Bessent Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail investor is best to stick with mega-cap stocks, and here are some of them: Portfolio managerRobert Pavlick, Senior Portfolio Manager at Dakota Wealth Management lists out the top sector picks and reasons why US Multinationals are the best buy.
Persons: Robert Pavlick Organizations: Dakota Wealth Management
"Rising debt + rising interest costs – debt servicing cost disaster," the research firm said. "Rising debt + rising interest costs – debt servicing cost disaster." Meanwhile, the government's debt servicing costs hit $475 billion in 2022, up 35% from the $352 billion spent to service the national debt in 2021. Debt servicing costs will likely increase to $663 billion this year, the CBO estimated, with total interest payments on the debt potentially mounting to $10.6 trillion over the next 10 years. Rising debt servicing costs pose trouble for markets and economy.
Persons: Stephen Pavlick, Pavlick, that's, Glenmede Organizations: Service, Macro, Congressional, Office, Committee, Federal Budget, Fed, CBO, New York Fed Locations: Wall, Silicon
The technology’s reliance on statistical pattern prediction also means that most chatbots join words and phrases that they recognize from training data as often being correlated. “What allows it to appear so intelligent is that it can make connections that aren’t explicitly written down,” she said. Similarly, OpenAI said users could inform the company when ChatGPT responded inaccurately. OpenAI trainers can then vet the critique and use it to fine-tune the model to recognize certain responses to specific prompts as better than others. Meta said its open-source release allowed a broad community of users to help identify and fix its vulnerabilities.
Persons: Ellie Pavlick, , Bing, OpenAI, ChatGPT, Meta Organizations: Brown University, Microsoft, Meta
To figure out what GPT-4 has read, they quizzed it on its knowledge of various books, as if it were a high-school English student. One way to answer the question is to look for information that could have come from only one place. Genre — sci-fi, mystery, romance, horror — is, broadly speaking, more interesting, partially because these books have plots where things actually happen. Bamman's GPT-4 list is a Borgesian library of episodic connections, cliffhangers, third-act complications, and characters taking arms against seas of troubles (and whales). See what a bot makes of Gene Wolfe's "The Book of the New Sun," maybe, or Sheri Tepper's "Grass."
Speaker McCarthy discussed the latest development of the debt ceiling negotiations with the White House. (Photo by Win McNamee/Getty Images) Win Mcnamee | Getty Images News | Getty ImagesAnalysts are broadly optimistic that the deal to raise the U.S. debt ceiling will pass a divided Congress. The compromise also sees the debt ceiling suspended until Jan. 1, 2025, pushing it past the 2024 presidential election. watch nowDavid Roche, president and global strategist for Independent Strategy saw this as a "Democratic win." He expects the deal will pass the House with Democratic support, although, like Pavlick, he said right-wing Republicans will likely vote against it.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNegotiation of a debt ceiling deal is in itself a win for the Republicans, research firm saysSteve Pavlick of Renaissance Macro Research discusses U.S. President Joe Biden and House Speaker Kevin McCarthy's final agreement on a deal to raise the nation's debt ceiling.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAerospace is a safe place for investors, says Renaissance Macro's Stephen PavlickStephen Pavlick, Renaissance Macro Research partner, joins 'The Exchange' to discuss the state of government debt.
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