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☆ CNBC Daily Open: Could Nvidia’s greatest obstacle be itself?
▼ + stars: | 2024-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Ann Wang | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Even though Nvidia's third-quarter revenue soared 94% on an annual basis, it's a slower pace than Nvidia's growth in the previous three quarters, when sales rose 122%, 262%, and 265%, respectively, as CNBC's Kif Leswing notes. The same goes for Nvidia's forward guidance: A growth of around 70% for current-quarter sales, compared with a year earlier. It appears that investors have enjoyed Nvidia's astounding performance for so long they've become desensitized to it.

Persons: Jensen Huang, Ann Wang, LSEG, University's, Leswing, Samantha Subin, Brian Evans Organizations: NVIDIA Blackwell, Reuters, CNBC, Nvidia, Investors, University's Stern School of Business Locations: Taipei, Taiwan, New

☆ CNBC Daily Open: Is Nvidia its own worst enemy?
▼ + stars: | 2024-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Akio Kon | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Investors are likely zooming in on the rate at which Nvidia is growing its numbers, compared with its past performance, not just whether it's surpassing expectations. The same goes for Nvidia's forward guidance: A growth of around 70% for current-quarter sales, compared with a year earlier. It appears that investors have enjoyed Nvidia's astounding performance for so long they've become desensitized to it.

Persons: Jensen Huang, Akio Kon, LSEG, University's, Leswing, Samantha Subin, Brian Evans Organizations: Nvidia Corp, Nvidia, Summit Japan, Bloomberg, Getty, CNBC, Investors, University's Stern School of Business Locations: Tokyo, Japan, New

☆ Test for AI product service market is 'whether people are willing to pay': NYU's Aswath Damodaran
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: 1 min

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

☆ Stock futures are little changed, Nvidia shares slip after earnings report: Live updates
▼ + stars: | 2024-11-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are near flat Wednesday night as investors parsed the all-important earnings release from artificial intelligence darling Nvidia . Investors kept a close eye on after-the-bell earnings from Nvidia, the chipmaker that has dazzled Wall Street for more than a year as a key AI beneficiary. While the company beat expectations for the third quarter and issued strong guidance, shares shed more than 1%. On the other hand, Snowflake jumped more than 19% after the data analytics software company beat expectations for the third quarter. That action follows a mixed day on Wall Street, with the S&P 500 ending near flat.

Persons: University's, Snowflake, Dow, Beth Hammack, Austan Goolsbee, Jeff Schmid Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Investors, Dow, University's Stern School of Business, Traders, Cleveland Federal, Chicago Fed, Kansas City, Intuit Locations: New York City, New

☆ Australia plans to ban social media for under 16s — and experts have called it a ‘momentous step’
▼ + stars: | 2024-11-13 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

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

☆ I lived in NYC with my 6 siblings during undergrad. For graduate school, I was determined to go abroad.
▼ + stars: | 2024-11-11 | by ( Erin Liam | ) www.businessinsider.com time to read: +6 min

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

☆ 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, “, ”, —

☆ Paralyzed by Choice: the Golden Age of Online Shopping Is Over
▼ + stars: | 2024-11-04 | by ( Emilie Friedlander | ) www.businessinsider.com time to read: +13 min

Online shopping, which the US Census Bureau estimates accounts for roughly 16% of all retail sales, theoretically makes it easier to find exactly what we are looking for. AdvertisementThe golden age of comparison shopping isn't so golden after all. Ursu has studied two factors in shopping: search costs and search fatigue. Ursu guessed that the most exhausting stage of shopping is comparison shopping — when people pore over minuscule details between products to find the best one. Related storiesIf people abandon their shopping carts because they get overwhelmed by search fatigue, it can come back to bite retailers.

Persons: We'd, It's, Barry Schwartz, Jason Goldberg, Publicis, they've, Marsh, Samantha Kleinberg, you've, moisturizer, New York University's Leonard N, Ursu, Qianyun Zhang, Elisabeth Honka, lockdowns, Lauren Ralph Lauren, Goldberg, Rufus Organizations: Ikea, Amazon, Accenture, Swarthmore College, Walmart, Shoppers, Lehigh University, Stevens Institute of Technology, Cognitive, New York, Stern School of Business, Google Locations: New, Netherlands, Wayfair

☆ The market is in pause mode on mega caps and saying 'show me the money', says NYU's Aswath Damodaran
▼ + stars: | 2024-11-04 | 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 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

☆ Hoda Kotb says that after adopting her daughters, she questioned whether she deserved them
▼ + stars: | 2024-10-29 | by ( Erin Liam | ) www.businessinsider.com time to read: +4 min

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

☆ Here's why inflation may look like it's easing but is still a huge problem
▼ + stars: | 2024-10-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Inflation is not deadDaly began her talk with an anecdote of a recent encounter she had while walking near her home. But the conversation encapsulated a dilemma for the Fed: If inflation is on the run, why are interest rates still so high? As evidenced by the young man's question, convincing people that inflation is easing is a tough sell. watch nowThe annual rate of CPI inflation was 2.4% in September, a vast improvement over the 9.1% top in June 2022. However, year-over-year spending increased just 1.7%, below the 2.4% CPI inflation rate.

Persons: Brandon Bell, Goldman Sachs, Mary Daly, Daly, Goldman, Jerome Powell, —, hasn't, haven't Organizations: Walmart, Federal Reserve, San Francisco Fed, New York University Stern School of Business, Commerce Department, Fed, York Fed, Bank of America, National Federation of Independent Business Locations: Austin , Texas, U.S, , Wyoming, Atlanta, York

☆ OpenAI has first mover advantage but Google remains a 'formidable' competitor: NYU's Sundararajan
▼ + stars: | 2024-10-09 | 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 EmailOpenAI has first mover advantage but Google remains a 'formidable' competitor: NYU's SundararajanArun Sundararajan of NYU Stern School of Business compares Google & OpenAI's places in AI development, and talks more broadly about the competitive landscape for large language models.

Persons: OpenAI, Arun Sundararajan Organizations: NYU Stern School of Business, Google

☆ What one high school senior wants you to know about classroom phone bans
▼ + stars: | 2024-10-08 | by ( Faye Chiu | Personal Essay Mary Frances Ruskell | ) edition.cnn.com time to read: +9 min

At least seven of the 20 largest school districts in the nation have either banned phones during the school day or plan to do so. Smartphone use is inextricably linked with high school studies and student life, Mary Frances Ruskell (not shown) writes. After three years of having the app, I did finally delete TikTok during my sophomore year of high school. As a teenage girl, I find that Instagram is in many ways necessary to high school life. I can’t even imagine what a phone-free high school life would look like.

Persons: Mary Frances Ruskell, Jonathan Haidt’s, ” Haidt, Thomas Cooley, It’s, Gavin Newsom, doomscrolling, I’m, wouldn’t, it’s, ”, Haidt Organizations: Heathwood Hall Episcopal School, CNN, New York University Stern School of Business, ”, Pew Research Center, California Gov, UK’s Department for Education Locations: Columbia , South Carolina, United States, England, Greece

☆ Google's reported $2.7 billion deal to bring back a former employee is proof AI geniuses are the new 'star quarterbacks'
▼ + stars: | 2024-09-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Google struck a $2.7 billion deal with Character.ai., largley to rehire AI expert Noam Shazeer, WSJ reported. It's an eye-popping example of how expensive and in demand top AI talent is as competition heats up. AI career experts told Business Insider it's a bit like pro sports — the superstars are worth it. AdvertisementThere are plenty of stories out there about just how ruthless the hiring wars for AI talent have gotten. Grennan predicted this pattern will continue as the AI talent window stays hot for the next three to four years.

Persons: Noam Shazeer, —, Shazeer, he's, it's, Mustafa Suleyman, Karen Simonyan, Andree Mendoza, Mendoza, Sergey Brin, Zuckerberg, Meta, Altman, Conor Grennan, Grennan, Noam Shazeer isn't Organizations: Google, Service, Nvidia, Wall Street, Business, Microsoft, Carex Consulting, Big Tech, NYU's Stern School of Business, Wall, Apple

☆ Mag 7 companies have shown weak spots in past few months, says NYU's Aswath Damodaran
▼ + stars: | 2024-09-25 | 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 EmailMag 7 companies have shown weak spots in past few months, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business professor of finance, joins CNBC's 'Closing Bell' to discuss the tech trade, whether he thinks the Mag 7 companies are overvalued, and more.

Persons: NYU's, Damodaran Organizations: NYU Stern School of Business

☆ Americans under 30 are miserable compared to Boomers: 'The future is looking pretty bleak’
▼ + stars: | 2024-08-28 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +14 min

Haidt and other researchers argue that technology and social media have led to an epidemic of isolation and loneliness. Surgeon General Vivek Murthy named social media as one of the main reasons young people feel more alone. "Social media is not this monolithic experience where everybody experiences the same thing," he says. Navigating an uncertain futureHaidt proposes a few solutions for Gen Z and their parents to curb social media and smartphone reliance. It followed an announcement by the Los Angeles Unified School District that it will ban student cellphone and social media use starting next year.

Persons: Jonathan Haidt, Vivek Murthy, Murthy, Haidt, Zach Rausch, Haidt's, Rausch, —, Jeffrey Hall, Candice L, Odgers, That's, Mark Zuckerberg, Jennifer Breheny Wallace, Z, Kyle K, Moore, Wallace, that's, Orna, Guralnik Organizations: U.S, The, NYU's Stern School of Business, University of Kansas, Odgers, University of California, Affordable, Facebook, Meta, Social, Pew Research, Economic, Institute, Harvard University, University of Chicago, New, New York City Public Schools, Los Angeles Unified School District, CNBC Locations: U.S, defensiveness, United States, Irvine, New York City, New York

☆ Why you may want to reconsider a career in AI
▼ + stars: | 2024-08-05 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

NYU Stern's chief AI architect warns against chasing AI jobs because of tech's cyclical nature. Chief AI Conor Grennan suggests going after what you're good at and enhancing it with AI. But hopping on the AI job train may not be the smartest idea, NYU's Stern School of Business Chief AI Architect Conor Grennan told Business Insider. Grennan emphasizes the tech industry's cyclical nature and questions the long-term stability of AI jobs. This story is available exclusively to Business Insider subscribers.

Persons: Conor Grennan, —, NYU's, Grennan Organizations: NYU Stern's, Service, NYU's Stern School of Business, Business

☆ Want to avoid giving your kid a smartphone? Mental health experts say you're not alone — and have 5 tips
▼ + stars: | 2024-07-26 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +6 min

Smartphone Free Childhood, a recently founded U.K. organization is aimed at uniting parents who are not giving their kids smartphones. Organize with other parentsBeing the only parent refusing to give your child a smartphone can be isolating for both you and your kid, Rausch said. "The class parents, as a collective, agreed that they would postpone giving their kids cell phones until they entered middle school. Start the conversation earlyPike and Rausch advise starting the conversation around smartphones from childhood so that your child isn't surprised later on. Pike said that even making a habit of giving a bored child a smartphone as entertainment can become a major issue down the line.

Persons: Kathleen Pike, Columbia's Pike, Zach Rausch, Jonathon Haidt's, Rausch, Johnny, Pike, we've, it's, isn't, Melanie Hempe, you've, They're Organizations: Columbia University Irving Medical Center, CNBC, New York University Stern School of Business, New York Times Locations: U.S

☆ This is the right age to give your child a smartphone, according to an NYU mental health researcher
▼ + stars: | 2024-07-19 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

Some 74% of girls who received their first smartphone at age six said they felt distressed or were struggling, the study found. This decreased to 52% for those who got their first smartphone at age 15. Meanwhile, 42% of boys who got their first smartphone at age 6 experienced feeling distressed or struggling, and this reduced to 36% for those who received a smartphone at age 18. "Social media, we suggest delaying until 16, so a little older." Some academics and scientists remain unconvinced of a causal link between smartphones and poor mental health, however.

Persons: Zach Rausch, Jonathon Haidt's, Rausch, Christopher Ferguson Organizations: Research, New York University Stern School of Business, New York Times, CNBC Locations: preteens, U.S

☆ This school has 12-hour days, 'relaxing' meals — and no smartphones
▼ + stars: | 2024-07-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +8 min

Helping an 'Anxious Generation'All Saints' experiment with an extended school day comes as concern mounts about the impact of smartphones and social media on teenagers. AdvertisementUS Surgeon-General Vivek Murthy also recently called for social media to carry cigarette-style warning labels to warn of the health risks. Writing in The New York Times, he said social media increased the risk that children would suffer anxiety and depression. However, the extended school day program has produced some noteworthy results. AdvertisementRausch said his research had shown that constant access to smartphones and social media only increases social inequality.

Persons: —, London that's, It's, Andrew O'Neil, O'Neil, it's, Andrew O'Neill ., mick, Zacariah Pinto, Mia Benoit, Benoit, I'm, Pinto, Jonathan Haidt, Vivek Murthy, Zach Rausch, Haidt, Rausch, Rebecca Fuller, Jonathan Brenner, Helena, Brenner, She's Organizations: Service, Saints Catholic College, Business, Grenfell Tower, All, YouTube, The New York Times, NYU, Stern School of Business, Saints, Eton Locations: Notting Hill, London, Notting, Portobello

☆ Bill Ackman is probably about to get a lot richer. And much louder
▼ + stars: | 2024-06-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The funding announced Monday puts a $10 billion price tag on Pershing Square, which manages about $16 billion worth of assets. The benefit of going public is you get to make money, obviously, so it’s not hard to see why Pershing Square would want to do it. For Ackman, in particular, being at the helm of a publicly traded company could be a particularly jarring shift. Pershing Square officially hung up its activist megaphone in 2022, opting to work with a small group of companies behind the scenes. Many of those followers are the kinds of retail investors Ackman could hope to attract to a publicly traded fund.

Persons: CNN Business ’, Bill Ackman, who’s, Ackman, ”, Lawrence J ., White, “, I’ve, ” White, he’s, I’m, he’ll, —, Elon Musk, Pershing, Musk, ” NYU’s White, Tesla Organizations: CNN Business, New York CNN, Pershing, Securities, Exchange, NYU Stern School of Business, Herbalife, Twitter, Hamas, MIT, Trump, SEC, Bloomberg Locations: New York, Pershing, Israel

☆ Paris Hilton will not let her children have smartphones: 'Some kids are getting phones way too young'
▼ + stars: | 2024-05-23 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

The movement of parents concerned by their kids' smartphone use just gained an unlikely disciple: socialite and DJ Paris Hilton. Hilton isn't alone in thinking smartphones can cause damage to young kids. "The biggest effects of social media happened during puberty, especially early puberty," he says. No social media before age 16. "There's no clear evidence that giving children access to social media early is better able to prepare them for adulthood later on," Rausch says.

Persons: DJ Paris Hilton, doesn't, Hilton, Johnathan Haidt, Z, Zach Rausch, Rausch Organizations: DJ Paris, Everything, Entertainment, NYU, Stern School of Business, CNBC

☆ Campus protests have called for schools to divest from Israel. Here's how that would actually work
▼ + stars: | 2024-05-17 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

One constant refrain at these protests is the call for college endowment funds to divest from Israel and the many American companies that do business there. Tech companies such as Google and Amazon and defense contractors such as Boeing and Lockheed are on that list. "These endowments are famously opaque," said Alison Taylor, clinical associate professor at New York University's Stern School of Business. However, many universities have ignored the calls to divest from Israel or companies that do business there. Watch the video above to learn more about how divesting from Israel and companies who do business there would actually work, and how it would affect the tens of billions of dollars at stake in college endowment funds.

Persons: Alison Taylor, University's, Witold Henisz, there'll Organizations: Tech, Google, Boeing, Lockheed, University's Stern School of Business, University of California, Universities, The Wharton School, University of Pennsylvania Locations: Israel, New, Berkeley

☆ Do this 1 thing to curb your kid's anxiety today, says lead researcher behind 'The Anxious Generation'
▼ + stars: | 2024-05-11 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Zach Rausch, lead researcher to Haidt and an associate research scientist at NYU-Stern School of Business, says kids who had access to social media and iPhones in elementary and middle school report higher levels of anxiety and depression. "The biggest effects of social media happened during puberty, especially early puberty," he says. To curb bullying, social comparison, and depression in adolescents, Haidt and Rausch crafted four suggestions:No smartphones for kids before high school — give them only flip phones in middle school. No social media before age 16. If you want to make a change today that will positively impact your child's health, Rausch says start by talking to your kids' friends' parents.

Persons: Johnathan Haidt pinpoints, University's, Zach Rausch, Rausch Organizations: University's Stern School of Business, NYU, Stern School of Business Locations: New

☆ Corporate America Is Going Un-Woke: Reversing DEI, Sustainability Plan
▼ + stars: | 2024-05-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

Plenty of companies are reining in their rhetoric and in some cases action on issues such as sustainability and diversity. Over the past decade, many corporations have at least professed to take a more active role in social issues, under pressure from their customers and, more importantly, employees. After last year's Bud Light debacle, which was a real blow to its business, executives fear they'll be the next target of some anti-woke outcry. For the fourth quarter of 2020, 131 companies mentioned ESG, and 34 mentioned DEI or diversity and inclusion. This may be a great un-wokening, but maybe corporate America was actually never that committed to the idea in the first place.

Persons: Paul Polman, It's, Naomi Wheeless, Eventbrite, Donald Trump, Larry Fink, George Floyd's, ESG, Andrew Jones, there's, Bud Light, influencer Dylan Mulvaney, haven't, Philip Mirvis, Bud, they'll, they'd, Jones, it's, Fink, FactSet, — we're, wasn't, Alison Taylor, University's, we've, Roe, Wade, Taylor, isn't, Dylan Mulvaney, Bud Light's, Kenneth Pucker, Emily Stewart Organizations: Unilever, Unilever wasn't, Unilever isn't, Companies, Business, Sporting Goods, Conference Board's ESG, Morningstar, Babson, AIG, Amazon, ExxonMobil, University's Stern School of Business, Anheuser, Busch, Fletcher School, Tufts University Locations: Plenty, America, ESG, New, Charlottesville

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