DIRS.INFO The most relevant business & tech news

☆ China's industrial profits post faster gains in June despite faltering economy
▼ + stars: | 2024-07-27 | by ( ) www.cnbc.com time to read: +2 min

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery. A 3.6% year-on-year rise in profits last month followed a 0.7% gain in May, while first-half earnings were up 3.5%, accelerating from a 3.4% increase in the January-May period, National Bureau of Statistics (NBS) data showed. Roughly half of more than 10 mainland-listed alcoholic beverage firms that had released forecasts for H1 earnings expected a loss-making first half. State-owned firms reported profits up 0.3% in the first half, foreign firms recorded an 11% gain, while private-sector companies booked a 6.8% rise, according to a breakdown of the NBS data. Industrial profit numbers cover firms with annual revenues of at least 20 million yuan ($2.75 million) from their main operations.

Organizations: National Bureau of Statistics, Nvidia Locations: Lujiazui, Shanghai, China, Suzhou

☆ Stock market today: Dow soars 654 points as traders celebrate inflation data
▼ + stars: | 2024-07-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Encouraging inflation data stoked optimism that the Federal Reserve can cut interest rates in September. That changed Friday, as encouraging inflation data injected new life into the rally. Advertisement"Next week we expect [Fed Chair Jerome] Powell to set the table for future rate cuts, speaking confidently about progress bringing inflation down. According to the CME FedWatch Tool, the market no longer expects the Federal Reserve to keep rates steady in September. The market also forecasts high chances that the Fed will slash rates by up to 75 basis points through December.

Persons: Russell, —, Jerome, Powell, David Donabedian, Chris Zaccarelli, Dexcom Organizations: Federal, Service, PCE, CIBC Private Wealth, Reserve, Independent, Alliance Locations: Here's, –

☆ The personal cybersecurity concierge is a new perk, and need, among the wealthy
▼ + stars: | 2024-07-26 | by ( Ellen Sheng | ) www.cnbc.com time to read: +4 min

Cybercriminals are increasingly targeting wealthy individuals, making cybersecurity concierges a new must-have for the rich and their families, including executives. While companies are spending heavily on cybersecurity, personal and home devices are generally less protected, making them easier to crack. And despite their sizeable assets and growing threat of cyberattacks, family offices and wealthy families don't think of themselves as targets because hackings are rarely publicized. JPMorgan Private Bank offers cybersecurity help to its ultra-high net worth clients, along with lifestyle and travel services. "I think one of the misconceptions is that — particularly for family offices — 'we're small and nobody notices us.'

Persons: Bill Roth, Jeff Bezos, Saudi Crown Prince Mohammed bin Salman, Lauren Sanchez, Bill Gates, Elon Musk, It's, Bobby Stover, Ernst & Young, They're, Anwar Visram, HardTarget, Ileana Van Der Linde, I've, Visram Organizations: Saudi Crown, Ernst &, JPMorgan, JPMorgan Private Bank, Asset, Wealth Management, CNBC Locations: WhatsApp, Tinder

☆ How Elon Musk could benefit from a second Trump presidency
▼ + stars: | 2024-07-26 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Read previewWith a few pen strokes, Donald Trump could make many of Elon Musk's problems go away. But Musk also stands to gain with a new administration controlling federal regulations. But with Trump as president, Musk wouldn't even need to dismantle the so-called "administrative state" to get federal agencies out of his way. As president, Trump could direct the Justice Department and other executive agencies to drop any actions against Trump and his friends' businesses, Gernhardt told BI. Existing federal laws from the EPA and Department of Interior could be relaxed, Blanchard said.

Persons: —, Donald Trump, Elon, Musk, Joe Biden, Trump, JD Vance —, Michael Gerhardt, Gernhardt, Jilian Blanchard, Blanchard, Gerhardt Organizations: Service, Business, University of North, SEC, SpaceX, Justice Department, Good Government, National Environmental, EPA, Department of Interior, Securities, Exchange Commission, Twitter, Interior Department Locations: Ohio, Silicon, University of North Carolina, Chevron, Texas

☆ NatWest to buy Metro Bank mortgage portfolio after 16% profit fall
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +1 min

The logo of NatWest, a retail unit of RBS, outside a bank branch in London, U.K., on Tuesday, June 26, 2012. NatWest's first-half pretax operating profit fell by a less than expected 16% to 3 billion pounds ($3.86 billion), it said on Friday, with margins hit by mortgage market competition and savers shifting deposits to higher-paying products. The British bank also said it would buy a portfolio of prime residential mortgages from Metro Bank for 2.4 billion pounds as it looks to build up its retail banking business. Income for the year is expected to reach about 14 billion pounds, up from an earlier forecast of between 13 billion and 13.5 billion pounds. The results followed a similar update from rival Lloyds Banking Group on Thursday, which reported a 14% fall in first-half profit but offered signs of optimism for the economic outlook in the second half.

Persons: NatWest's, Paul Thwaite Organizations: NatWest, RBS, Metro Bank, Lloyds Banking Group Locations: London

☆ Here's how much it can cost a family of four to live across 10 major Asian cities
▼ + stars: | 2024-07-26 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +1 min

Living in a major city can come with a hefty price tag, so it's best to be informed before you make that big move. In Asia, Hong Kong and Singapore top the list for cost of living. A family of four can expect to spend an estimated $9,000 a month to live in one of these cities, according to Numbeo, an online database of user-contributed information. Singapore also saw a "rocketing increase" in its housing rentals from 2022, however, prices have begun to stabilize in recent months, said Ma. Here's a broader look at how much it costs for a family of four to live across 10 major cities in Asia, according to data by Numbeo:

Persons: Tracey Ma, APAC, Hong Kong, Ma Organizations: Mercer, CNBC, Singapore's Urban Redevelopment Authority Locations: Asia, Hong Kong, Singapore, Mercer, Hong, Ma, Singapore's

☆ Sam Altman, under fire from Elon Musk, has now offered his own vision of open-source AI
▼ + stars: | 2024-07-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI CEO Sam Altman has a vision for open-source AI, and it's not far from what the company's former cofounder, Elon Musk, has been asking for. But what's notable in Altman's proposal was how he highlighted the role open-source AI models could have in strengthening America's hold on the field. AdvertisementTo be sure, Musk also has some reservations about how open AI models should be. Advertisement"I believe that open source is necessary for a positive AI future," Zuckerberg wrote in a blog post on the same day. "There is an ongoing debate about the safety of open source AI models, and my view is that open source AI will be safer than the alternatives.

Persons: —, Sam Altman, it's, Elon Musk, Altman, Altman's, Musk, pummeling Altman, OpenAI, OpenAI's, Ilya Sutskever, Sutskever, Musk didn't, Mark Zuckerberg, Meta, Zuckerberg Organizations: Service, The Washington, Business, Google, Microsoft, OpenAI, Business Insider

☆ Crypto firm Ledger hikes prices of iPod-inspired wallet by 40% and launches new mid-tier option
▼ + stars: | 2024-07-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

The Ledger Flex is a new, cheaper hardware crypto wallet from French startup Ledger. Ledger finally released Stax, its long-anticipated hardware crypto wallet, and is shipping units out to people who preordered the product in May. In addition to raising the price for Stax, Ledger is also releasing a new crypto hardware wallet. The Ledger Flex features an E Ink screen, similar to the Ledger Stax. The Ledger Flex, which costs $249, is smaller than the Ledger Stax and comes with a 2.8-inch display.

Persons: Stax, Ledger, Tony Fadell, Ledger Stax, Pascal Gauthier, Ledger's Stax, Ledger's Gauthier, Foxconn Organizations: Stax, Ledger, Flex, Google, CNBC, Apple Locations: Ledger, solana, London, Vietnam

☆ Robyn Grew: AI won’t be making decisions ‘anytime soon,’ says top hedge fund CEO
▼ + stars: | 2024-07-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —The head of one of the world’s biggest hedge funds says artificial intelligence systems are unlikely to replace traders anytime soon. London-based Man Group, whose assets under management hit an all-time high of $178.2 billion during the first six months of the year, makes its money by charging investors management and performance fees. “I don’t think of AI as making investment decisions anytime soon,” Grew said. In the interview with CNN, Grew said the era of rock-bottom interest rates that broadly defined the decade following the 2008 financial crisis had made way for a period of “volatility and dispersion” ushered in by the rise in inflation after the pandemic. In other words, traders navigating a volatile market can expect to make a greater range of — and possibly bigger — returns across various assets than during more stable times.

Persons: Robyn Grew, ” Grew, “, Grew Organizations: London CNN, CNN, Man Group, Surgeons, ”, London Stock Exchange Locations: London

☆ UK: Assisted dying bill introduced in House of Lords
▼ + stars: | 2024-07-26 | by ( Rob Picheta | ) edition.cnn.com time to read: +9 min

London CNN —An emotional, accelerating campaign to allow assisted dying for terminally ill adults in Britain has reached parliament, with activists hoping the country will become one of few to legalize the process. Opponents of legalization have argued that those small figures represent a limited appetite for assisted dying in the UK, but there are other pressures at play too. But some among the country’s lawmakers, who will ultimately decide the fate of the assisted dying law, say there is more to consider. For Starmer, the assisted dying bill has the potential to disrupt those intentions. But legalizing assisted dying wasn’t in Labour’s manifesto or in its King’s Speech, limiting the opportunities for it to ever reach MPs.

Persons: Bill, “ I’ve, ” Charlie Falconer, ”, Ellie Ball, Alistair Thompson, Falconer, Esther Rantzen, Wiktor, Rantzen, ” Rantzen, Paola Marra, “, Rachael Maskell, ” Maskell, Marieke Vervoort, CNN “ I’ve, Keir Starmer, –, wouldn’t, wasn’t, ” Falconer Organizations: London CNN, Labour, CNN, Publishing, BBC, Health, Social Care, Labour Party Locations: Britain, Canada, Australia, Switzerland, Netherlands, Germany, Italy, Spain, Portugal, United Kingdom, Oregon, England, Wales, Westminster, Dignitas

☆ U.S. arrests Mexican drug lord 'El Mayo' and El Chapo's son in Texas
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +1 min

Mexican drug lord Ismael "El Mayo" Zambada and the son of his former partner, Joaquin "El Chapo" Guzman, were arrested in El Paso, Texas, on Thursday, the U.S. Justice Department said. Mexican drug lord Ismael "El Mayo" Zambada and the son of his former partner, Joaquin "El Chapo" Guzman, were arrested in El Paso, Texas, on Thursday, the U.S. Justice Department said. Zambada and Joaquin Guzman Lopez, the son of El Chapo, face multiple charges in the U.S. "for heading the Cartel's criminal operations, including its deadly fentanyl manufacturing and trafficking networks," the statement said. The arrest of Guzman Lopez was first reported by Reuters, ahead of the Justice Department statement. Two U.S. officials told Reuters that Zambada and Guzman Lopez were detained after landing in a private plane.

Persons: Ismael " El, Zambada, Joaquin, El, Guzman, Joaquin Guzman Lopez, Guzman Lopez Organizations: U.S . Justice Department, Sinaloa Cartel, Reuters, Department Locations: Ismael " El Mayo, El Paso , Texas, Mexican, Sinaloa, U.S

☆ These 10 U.S. states are America's best-prepared for climate change and extreme weather
▼ + stars: | 2024-07-26 | by ( Scott Cohn | ) www.cnbc.com time to read: +12 min

Some states are particularly vulnerable to climate risks, but these ten states are most ready for what Mother Nature has in store. 2024 Infrastructure Score: 276 out of 425 points (Top States Grade: A+) Climate Extremes Index: 14.9% Properties at risk: 96% Renewable energy: 24% 8. 2024 Infrastructure Score: 189 out of 425 points (Top States Grade: C-) Climate Extremes Index: 22.12% Properties at risk: 34% Renewable Energy: 77% 2. While a large percentage of Idaho properties are susceptible to climate risk, the danger of flooding is relatively minimal. 2024 Infrastructure Score: 195 out of 425 points (Top States Grade: C) Climate Extremes Index: 16.54% Properties at Risk: 90% Renewable Energy: 78% 1.

Persons: Jeremy Porter, Pete Buttigieg, Maria Lehman, Nature, Marli Miller, Justin Sullivan, Wolfgang Kaehler, Matt McClain, Randy Olson, Forester John Erixson, Kirby Lee, Jared Polis, Mario Tama, Rushmore, Idaho Neil Lincoln, Brownlee, Robert Gauthier, William, Marcia Lee, David Becker Organizations: First Street Foundation, Infrastructure Law, Transportation, CNBC, American Society of Civil Engineers, First, Atmospheric Administration, U.S . Department of Energy, Oregon Solar, UCG, Getty, Oregon Department of Energy, Washington, Cedar, Bio Energy Washington, Lightrocket, Washington Department of Commerce, Clean Energy Fund, New, Washington Post, Energy, Nebraska, Nebraska Forest, Colorado, University of Colorado, California, Energy Department, Dakota, Idaho Power, Los Angeles Times, Idaho Locations: Louisiana, States, Oregon, Valley , Oregon, Arizona, Phoenix , Arizona, Maricopa County, Phoenix, King, King County , Washington, United States, New Mexico, Mora , NM, Nebraska, Loup, Taylor , Nebraska, Boulder , Colorado, Palm Springs , California, California, Texas, South Dakota, Cavan, Iowa, Idaho, Nevada, Las Vegas

☆ Sales of $100 million homes set to double this year as trophy properties recover
▼ + stars: | 2024-07-26 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Sales of $100 million homes are on track to double this year, as surging financial markets and hopes for rate cuts fuel a recovery in the ultra-luxury real estate market, according to new reports. As of July 15, six homes in the U.S. have sold for more than $100 million, according to data from Miller Samuel and Douglas Elliman. If the sales pace continues, it would more than double last year's total and likely eclipse the record of nine homes sold for over $100 million in 2021. But sales of homes priced at $50 million, $20 million and even $10 million are all signaling a strong rebound for the ultra-luxury real estate market after its decline in 2023. A penthouse at Central Park Tower — the tallest residential building in the world — closed for $115 million to an unknown buyer.

Persons: Robert Frank, Miller Samuel, Douglas Elliman, Jonathan Miller, Aman, Vladislav Doronin, Oakley, James Jannard Locations: U.S, Manhattan, York, Russian, Palm, Tarpon Island, California

How to watch the Olympics Opening Ceremony in the USThe Olympics Opening Ceremony will air live at 1:30 p.m. Check price at FuboHow to watch the Olympics Opening Ceremony in the UKThe Olympics Opening Ceremony will air on BBC One, which means that British viewers will be able to live stream the ceremony for free through BBC iPlayer. How to watch the Olympics Opening Ceremony in AustraliaThe Olympics Opening Ceremony will live stream for free on 9Now in Australia. How to watch the Olympics Opening Ceremony in FranceFrance.TV is the French home of the Olympics Opening Ceremony. Enjoy the Olympics Opening Ceremony.

Persons: We've, LeBron James, Coco Gauff, Peacock, we've, ExpressVPN Organizations: Business, Paris Olympics, of Nations, US, Eiffel, NBC, Fubo, BBC, Eurosport, Discovery Locations: Paris, United States, Australia, France, 9Now, France.TV

☆ China has to address its broader economic malaise: Professor
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's economic malaise related to government's uncertain attitude toward private sector: ProfessorEswar Prasad, professor of international trade and economics at Cornell University, says "the reality is that the Chinese government needs to come to grips with the fact that there is a broader economic malaise that is related to the uncertainty about [its] attitude toward the private sector," among other things.

Persons: Eswar Prasad Organizations: Cornell University

☆ WNBA hopes to cash in on rising popularity with media rights reevaluation after 2028 season
▼ + stars: | 2024-07-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

The WNBA's new media rights deal includes a price reevaluation after the 2028 season to account for the league's rising popularity, according to people familiar with the agreement. The WNBA deal has been negotiated within a broader $77 billion NBA agreement with media partners announced earlier this week. Instead, the NBA worked with Endeavor Group's media consulting team, led by Karen Brodkin and Hillary Mandel, to assess the value of WNBA rights, said the people. The media partners aren't forced to pay more based on the conclusion of the reevaluation, but they will be incentivized to do so, the people said. A little more than halfway through its current season, the WNBA has already had 16 nationally televised games break the 1 million viewership mark — a league record.

Persons: Brionna Jones, Los Angeles, Cameron Brink, —, Karen Brodkin, Hillary Mandel, Caitlin Clark, Angel Reese, aren't, Cathy Engelbert, Ion, — CNBC's Lillian Rizzo, Jess Golden Organizations: Connecticut Sun, Los, Los Angeles Sparks, Sparks, Sun, Mohegan Sun Arena, WNBA, — Disney, NBA, Endeavor, Amazon, Scripps, CNBC Locations: Connecticut, Uncasville , CT

☆ SpaceX cleared to launch Falcon 9 rocket after rare failure
▼ + stars: | 2024-07-26 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

CNN —SpaceX’s Falcon 9 rocket — the most prolific launch vehicle in the world — is ready to return to flight after suffering a mission-ending failure during a routine journey earlier this month. On its website, SpaceX has already revealed that it will put the Falcon 9 back to work as soon as Saturday, launching a batch of Starlink internet satellites. If successful, the launch could put SpaceX back on track to returning to its routine but crucial work launching astronauts to the International Space Station. What happened to Falcon 9The Falcon 9, which is the smallest vehicle among SpaceX’s fleet of rockets, is the linchpin of the US rocket industry. A Falcon 9 had launched a group of Starlink satellites out of California on July 11 shortly before the mishap occurred.

Persons: CNN —, —, NASA —, Jared Isaacman, Elon Musk, SpaceX, “, ” Organizations: CNN, Federal Aviation Administration, Falcon, FAA, SpaceX, International Space, NASA, Polaris, Twitter Locations: California

☆ 50-year-old's backyard side hustle brings in up to $8,400 a month: 'There's definitely room for everyone to do this'
▼ + stars: | 2024-07-26 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Her side hustle requires it: She's converted 11 acres of her land, split between three properties around Asheville, North Carolina, into private dog parks. She rents out the spaces to local pet owners on an Airbnb-style platform called Sniffspot. Morosani rents out parts of her 108-acre farm, where she lives and makes a majority of her personal income boarding horses. She has four dogs, and initially launched her side hustle just to connect with other nearby pet owners in November 2020, she says. If you have space and the ability to give a private experience to individual dog owners, there's definitely room for everyone to do this."

Persons: Elizabeth Morosani, John Deere, She's, Morosani, Sniffspot, It's, there's Organizations: CNBC Locations: Asheville , North Carolina

☆ NY fights to save Trump hush-money sentencing, saying it's a harmless error if evidence he's immune from entered the case
▼ + stars: | 2024-07-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewManhattan prosecutors are fighting to keep Donald Trump's September 18 hush-money sentencing on track, saying in a new filing Thursday that it was "harmless error" if evidence he's now immune from entered the case. But Trump would have been indicted and convicted even if evidence the defense calls "official" were removed, the filing adds. AdvertisementThe filing argues that Trump is wrong in now stamping much of the prosecutor's case "official act evidence." But these tweets describe unofficial acts unrelated to Trump's official duties, and for which he has no immunity, the prosecution filing now argues. Lawyers for Trump did not immediately respond to requests for comment on the prosecution filing.

Persons: —, Donald Trump's, Attorney Alvin Bragg, Trump, Stormy Daniels, SCOTUS, Donald Trump, Jane Rosenberg, Bragg, Matthew Colangelo, Daniels, Michael Cohen, Hope Hicks, Trump's, Cohen, Madeleine Westerhout, caselaw, Juan Merchan Organizations: Service, Attorney, Business, Trump Organization, Manhattan, White House, Trump Locations: Manhattan

☆ Prosecutors Say Immunity Ruling Has No Bearing on Trump’s Conviction
▼ + stars: | 2024-07-25 | by ( Ben Protess | Jesse Mckinley | ) www.nytimes.com time to read: +1 min

Manhattan prosecutors are urging the judge who oversaw Donald J. Trump’s criminal hush-money trial to uphold his conviction, seeking to cast doubt on the former president’s long-shot bid to overturn the case because of a recent Supreme Court ruling. Instead, the Manhattan prosecutors noted, he was convicted in May of covering up a sex scandal that had threatened to derail his 2016 campaign, a personal and political crisis that did not involve his conduct as president. Mr. Trump’s lawyers, seeking to link the two cases, have mounted a novel argument. In a recent filing to the judge who presided over the Manhattan trial, Juan M. Merchan, they contended that the Supreme Court’s decision had invalidated at least some of the evidence presented in Manhattan, including the testimony of former White House employees and tweets that Mr. Trump sent as president. The Supreme Court, they noted, had held that official acts could be inadmissible as evidence — even if a case concerned private misconduct.

Persons: Donald J, Trump, Juan M Organizations: White, Manhattan, White House Locations: Manhattan, Washington

☆ U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
▼ + stars: | 2024-07-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Real gross domestic product , a measure of all the goods and services produced during the April-through-June period, increased at a 2.8% annualized pace adjusted for seasonality and inflation. Economists surveyed by Dow Jones had been looking for growth of 2.1% following a 1.4% increase in the first quarter. Economic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department. The so-called chain-weighted price index, which takes into account changes in consumer behavior, increased 2.3% for the quarter, below the 2.6% estimate. There also is pressure in the housing market: Sales are declining while home prices continue to climb, putting pressure on first-time homebuyers.

Persons: Dow Jones Organizations: Commerce Department, Stock, Federal Reserve, Fed, Philadelphia Federal Locations: U.S

☆ The Olympics will challenge mobile-network providers to satiate 15 million attendees' hunger for internet connectivity
▼ + stars: | 2024-07-25 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +7 min

The Olympics will challenge wireless providers as 15 million people seek internet access at once. To meet that expectation, telecommunications companies must bolster Paris' 5G network, the technology system that powers users' mobile-internet access. Harnessing private 5G infrastructureOrange is installing cellphone antennas on boats and extension units in sporting venues to bolster its 5G network. It uses 5G's network-splicing capabilities to reserve a part of the public 5G network for private use. To support the 2024 Olympics' connectivity needs, network providers must prepare to rely on 5G's strength.

Persons: —, they'll, Bertrand Rojat, Rojat, wouldn't, Stephen Giles, Giles, Katherine Ainley, Leila Jordan Organizations: Service, Olympic Games, KT Corp, Olympic, Broadcasters, Prix, UEFA European Football, Stade de France, Rugby, Cisco, NTT Data, International Olympic Committee, Ericsson Locations: Paris, South Korea, Tokyo, France, Orange, French, Ireland

☆ Maria Corina Machado: The woman behind Venezuela’s opposition movement
▼ + stars: | 2024-07-25 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +6 min

Machado has described the decision to bar her – upheld by Venezuela’s Supreme Court – as illegitimate, unjustified and unconstitutional. From left: Venezuelan opposition leader Maria Corina Machado, opposition presidential candidate Edmundo Gonzalez Urrutia, and Urrutia's wife Mercedes Lopez wave during their campaign closing rally in Caracas on July 25, 2024, ahead of Sunday's presidential election. CNN: In the economy, your plan is to privatize most Venezuelan public assets, especially in terms of health, oil and education. I do believe in public education, but I do believe that you have to create incentives so the public education can be as competitive and with the same degree of excellence that you have in private education. But you don’t need to own the companies directly for the country to benefit from it.

Persons: María Corina Machado –, Nicolás Maduro, Machado, Hugo Chávez, Chávez, –, Edmundo González, Maria Corina Machado, Edmundo Gonzalez Urrutia, Mercedes Lopez, Federico Parra, doesn’t Organizations: Caracas CNN —, Venezuela, Venezuela’s, CNN International, Getty, CNN, Venezuelan Locations: Caracas, Congress, Venezuelan, AFP, Venezuela, Americas

☆ We're in a 'buffalo' market, Bank of America says. Here's what that means for investors
▼ + stars: | 2024-07-25 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

Experts say those stock moves and shuffling sectors are common during a bull market. But Bank of America is calling today's conditions something else — a buffalo market — which is still in the bull family. But unlike the bull market, it may get tired after a strong runup. "It might roam, it might wander in the summer months," said Marci McGregor, head of portfolio strategy at Merrill and Bank of America Private Bank. The firm's outlook sees markets finishing higher this year, based on factors including earnings, the investment cycle, financial conditions, interest rates and generative artificial intelligence.

Persons: Marci McGregor, McGregor Organizations: Financial, Bank of America, Merrill, Bank of America Private Bank Locations: New York City

☆ Sam Altman says the US has to do 4 things to prevent China from taking the AI throne
▼ + stars: | 2024-07-25 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI CEO Sam Altman has a four-point plan to help the United States retain its dominance in the global AI arms race. To this end, the first step in Altman's plan is to ensure proper safeguards around AI technology. He said that would help create more jobs and establish AI as a "new industrial base" in the United States. He also said the United States needs to invest in developing a new generation of AI innovators, researchers, and engineers. Related storiesThird, the United States should establish more regulations around trade and the transmission of information across borders.

Persons: —, Sam Altman, Altman's, Altman, aren't, Axios Organizations: Service, Washington, Business, International Atomic Energy Agency, AI, Internet Corporation, ICANN, United States, Stanford's Institute for, Intelligence Locations: United States, American, United, China

Search resuls for: "Private"

25 mentions found