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☆ CNBC Daily Open: Powell maintains that elections won't sway Fed's policy
▼ + stars: | 2024-11-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Kent Nishimura | 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. Powell, in yesterday's press conference, maintained that "the election will have no effect on our policy decisions." "By December, we'll have more data, I guess one more employer report, two more inflation reports and lots of other data," Powell said. — CNBC's Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound and Alex Harring contributed to this report.

Persons: Jerome Powell, Kent Nishimura, Jim Reid, Trump, Scott Helfstein, Powell, we'll, that's, —, Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound, Alex Harring Organizations: FTSE, Federal, CNBC, Deutsche, Tech, Apple, Nvidia, Nasdaq, Dow Jones, Global, Congress, Fed Locations: GDAXI, Washington, Washington , DC

☆ CNBC Daily Open: Powell emphasizes that elections won't sway Fed's policy
▼ + stars: | 2024-11-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Andrew Caballero-Reynolds | AFP | 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. Powell, in yesterday's press conference, maintained that "the election will have no effect on our policy decisions." According to the futures market, just 30.4% of traders think the Fed will cut rates again in January. "By December, we'll have more data, I guess one more employer report, two more inflation reports and lots of other data," Powell said.

Persons: Jerome Powell, William McChesney Martin Jr, Andrew Caballero, Reynolds, Jim Reid, Trump, Scott Helfstein, Powell, we'll, that's, —, Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound, Alex Harring Organizations: Federal Reserve, AFP, Getty, CNBC, Deutsche, Tech, Apple, Nvidia, Nasdaq, Dow Jones, Global, Congress, Fed Locations: Washington , DC

☆ Jim Cramer explains why it's not clear which stocks will rally under Harris or Trump
▼ + stars: | 2024-11-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

As Americans cast their votes in a history-making presidential race between former President Donald Trump and Vice President Kamala Harris, CNBC's Jim Cramer explained that few sectors are currently obvious winners or losers under either candidate's administration. "This presidential prognostication game is meaningless until we start hearing about cabinet appointments, those will tell us a lot," he said. Cramer first looked at tech giant Apple , noting that under the Biden administration it's facing an antitrust lawsuit from the Department of Justice. Trump has promised to significantly raise tariffs, especially on goods coming in from China. "When it comes to many stocks that seem obvious for one candidate or another, there's a Yin and Yang dynamic that doesn't get enough attention," Cramer said.

Persons: Donald Trump, Kamala Harris, CNBC's Jim Cramer, Cramer, Biden, it's, Trump, Yin, Yang Organizations: Department of Justice, Apple, Trump, Federal Trade Commission Locations: China

☆ Leaders from BCG, Infosys, AARP, and more predict how AI will transform top companies in the next 12 months
▼ + stars: | 2024-10-04 | by ( Julia Hood | Tim Paradis | ) www.businessinsider.com time to read: +17 min

During a virtual roundtable, we asked Business Insider's Workforce Innovation board to tell us how AI would transform companies over the next year. How will the most innovative companies be transformed by AI over the next 12 months? Last year, we had an AI challenge across the company, and a huge percentage of our employees participated. There are a lot of different points of view on what AI will and will not do and how quickly. And that the promise we think AI is going to deliver will probably take longer than we think to come to fruition.

Persons: Tim Paradis, Vinod Khosla, Khosla, upskilling, Justina Nixon, Nixon, Saintil, AARP's Marjorie Powell, Powell, Chris Deri, Anant Adya, Marjorie Powell, Alicia Pittman, We've, We're, It's, coder, Maggie Hulce, Salesforce, what's, Chen, we've, Weber, everybody's, Anant, Shane Koller, Tipton Organizations: Sun Microsystems, Weber, IBM, Saintil, Infosys, AARP, Boston Consulting, Clear, Federal Housing Finance, Street Locations: Dreamforce, San Francisco, Tipton

☆ Opinion: Trump’s pernicious superpower
▼ + stars: | 2024-03-07 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +8 min

She is a weekly opinion contributor to CNN, a contributing columnist to The Washington Post and a columnist for World Politics Review. His dark vision of what America is today, so divorced from reality, is aimed at frightening voters into supporting him. Frida GhitisThat is Trump’s pernicious superpower. But Trump’s speeches weave a fantasy that turns dark into light, and radiance into shadows. It’s a challenge for Biden, to overcome Trump’s practiced tactics – the Washington Post clocked 30,573 lies and misleading claims during his presidency.

Persons: Frida Ghitis, CNN —, Donald Trump, Trump, Webster, ”, Joe Biden’s, Biden, Herbert Hoover, Jimmy Carter, Abraham Lincoln, Adolf Hitler, White, that’s, “, “ you’re, you’ve, Donald, ” Biden, Trump’s Organizations: CNN, Washington Post, Politics, Trump, Frida Ghitis CNN, Super, United Nations, NATO, Biden, Political Science Association, Abraham Lincoln 1st, Carnage Locations: Lago, America, Merriam, guffaws, United States

PUNXSUTAWNEY, Pa. (AP) — Punxsutawney Phil predicted an early spring Friday at Gobbler’s Knob in Pennsylvania, the scene of the country’s largest and best known Groundhog Day celebration in the United States. Just after sunrise Friday, the Punxsutawney Groundhog Club announced Phil did not see his shadow, which will usher in early springlike weather. A bundled-up crowd, some wearing groundhog-themed hats, watched musical performances and fireworks as they waited for sunrise and the appearance of Punxsutawney Phil. Phil predicts more winter far more often than he sees an early spring, not a bad bet for February and March in western Pennsylvania. The 1993 blockbuster film “Groundhog Day,” starring Bill Murray, fueled interest in Punxsutawney Phil and inspired informal observations far and wide.

Persons: —, Phil, Tom Dunkel, ese, ”, Dan McGinley, “, Punxsutawney Phil, Josh Shapiro, Punxsutawney, Shapiro, “ Punxsutawney, ” Shapiro, Bill Murray, he's, wasn’t Organizations: Groundhog Locations: Pa, Pennsylvania, United States, Punxsutawney, U.S, Canadian

“We know this is silly; we know this is fun,” said Marcy Galando, executive director of the Punxsutawney Groundhog Club. Members of Punxsutawney Groundhog Club, organized in 1899, care for Phil at a customized space beside Punxsutawney Memorial Library — where there's a window with a view into the creature's burrow. The Punxsutawney groundhog makes predictions but he's not always predictable. In 1998, a groundhog club leader wearing a $4,000 groundhog suit reported being assaulted by a half-dozen young men. Intended to preserve Pennsylvania German culture and traditions, clubs would sometimes fine those who were caught speaking anything but their Pennsylvania Dutch language at meetings.

Persons: Phil, there'll, Bill Murray, ”, there's, Marcy Galando, Joseph, Jesus, Don Yoder, Yoder, he's, didn't, PHIL, Charlie Hart, Hart, Orphie, “ Octoraro Orphie, It's, Travis Lau, ” Lau, groundhogs, William W, Donner, ” Donner Organizations: Historians, University of Pennsylvania, Punxsutawney, Pennsylvania, University, National Centers for Environmental, Oceanic, Atmospheric Administration, U.S Locations: Pa, Pennsylvania, U.S, Canadian, Europe, Jerusalem, United States, Morgantown , Pennsylvania, —, Pittsburgh, Punxsutawney, Quarryville, Lancaster County, Pennsylvania's

☆ Elon Musk's favorite presidential candidates keep underperforming
▼ + stars: | 2024-01-16 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

Elon Musk is one of the richest people in the world, but his electoral predictions haven't been the best. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe CEO of Tesla, SpaceX, and X, Elon Musk, has spent decades building a reputation as a preeminent businessman and tech leader. Even with Musk's support at the beginning of his campaign, DeSantis has yet to be able to capitalize on any of his opportunities.

Persons: Elon Musk, Ramaswamy, Ramaswamy's, DeSantis, —, it's, he'd, Donald Trump's, Trump, Musk, Walter Isaacson, Bullshitting, Joe Biden's, Nikki Haley, Haley, Musk's, Vivek Ramaswamy, Vivek, There's, Dean Phillips dangled Organizations: DeSantis, Service, SpaceX, Republican, GOP, Trump, Twitter, White, Florida, South Carolina Gov Locations: Iowa, White, California

☆ Inflation is still a mixed bag, but markets don't care. They see big Fed rate cuts ahead
▼ + stars: | 2024-01-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

December's inflation data provided just enough evidence to show that the pace of price increases is continuing to cool while also serving up a reminder that the war isn't won yet. One is that regardless of the headline numbers, the parts of inflation that don't fluctuate as much have been fairly stubborn. So-called sticky inflation, which includes things such as housing costs, auto insurance, medical care services and household furnishings, are indeed holding higher. On a one-month annualized basis, the measure also was at 4.6%, but that's up a full percentage point from the previous month. Fed policymakers also are attuned to the relationship between wages and inflation.

Persons: isn't, Disinflation, Jamie Dimon, cautioning, Krishna Guha, Goldman Sachs, Goldman, Ian Shepherdson, Dan North Organizations: Separate Labor Department, Federal Reserve, Nomura Global Economics, JPMorgan Chase, Evercore ISI, PPI, Citigroup, Commerce, Fed, Pantheon, Atlanta, Allianz Trade Locations: Red

☆ Millions Danced Joyfully to Her Song. She Drew on Her Pain to Write It.
▼ + stars: | 2023-07-07 | by ( Lynsey Chutel | More About Lynsey Chutel | ) www.nytimes.com time to read: +1 min

She didn’t listen to the recording of the song until a day after it was made. As the bass began to reverberate through her car, everything went dark, she said, and she almost lost control of the vehicle. As lockdowns were enforced just weeks later, the song was shared around the world. The global success of “Jerusalema” has taken Ms. Zikode on tour to Europe, the Caribbean and the United States. It also led to her being featured on the song “Bayethe,” which would win the Grammy award for Best Global Music Performance earlier this year.

Persons: ”, “, ‘, prognostication, lockdowns, Zikode Organizations: Best Locations: Angola, Europe, Caribbean, United States

☆ Climate change trial pits youths against Montana
▼ + stars: | 2023-06-12 | by ( Clark Mindock | ) www.reuters.com time to read: +3 min

They hope that would set an important precedent and encourage lawmakers in the state capital to take greater action to fight climate change, according to their lawyers. Lead plaintiff Rikki Held, 22, testified that climate change has already led to severe conditions on her family's ranch in eastern Montana. And the youth are not challenging policies that would, if invalidated, meaningfully change the state's impact on the climate, Stermitz said. Attorneys for the state had repeatedly attempted to have the case tossed before trial, arguing climate change is an issue best addressed through the political process, not in courtrooms. The case is among several constitutional climate cases on behalf of youth plaintiffs across the U.S., and is the first of those to head to trial.

Persons: Roger Sullivan, Kathy Seeley, Sullivan, Rikki Held, Mark Stermitz, Stermitz, Seeley, Clark Mindock, Alexia Garamfalvi, Bill Berkrot Organizations: Thomson Locations: Montana, Helena, U.S

☆ Hedge fund billionaire Steve Cohen tells investors to ride the 'big wave' of artificial intelligence and stop focusing on recession odds
▼ + stars: | 2023-05-17 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Hedge fund billionaire Steve Cohen told investors to ride the "big wave" of artificial intelligence. Focusing too much about a recession may cause investors to miss AI opportunities, he added. Cohen's upbeat comments on artificial intelligence come as other big investors revealed big bets on AI stocks. For example, Stanley Druckenmiller's family office loaded up on Nvidia shares and made a new Microsoft investment last quarter. Meanwhile, Bill Ackman's hedge fund revealed it bought Alphabet shares worth over $1 billion as the company ramps up its foray into artificial-intelligence technologies.

☆ On Groundhog Day, Punxsutawney Phil predicts six more weeks of winter
▼ + stars: | 2023-02-02 | by ( Brendan O'Brien | ) www.reuters.com time to read: +2 min

[1/4] AJ Dereume holds Punxsutawney Phil during the Groundhog Day Festivities, at Gobblers Knob in Punxsutawney, Pennsylvania, U.S., February 2, 2023. According to folklore, if the rodent sees his shadow on Groundhog Day, then frigid and blustery weather will persist for six weeks. The first official celebration of Groundhog Day was in 1886, according to the Punxsutawney Groundhog Club. The annual event, famously featured in the classic 1993 film "Groundhog Day" starring Bill Murray, draws visitors from around the world. As Punxsutawney Phil made his prediction, some 450,000 homes and businesses in Texas, Mississippi, Arkansas and Tennessee were without power after several rounds of sleet and freezing rain downed power lines and trees.

☆ How Palantir's tech-based patriotism and politics grew into a multi-billion dollar company
▼ + stars: | 2022-10-13 | by ( Cameron Costa | ) www.cnbc.com time to read: +4 min

The data mining and software company got its start with government contracts, and 19 years since its inception, Palantir's government work is still central to its business. At its start, Palantir's business came directly from the FBI, the NSA, and even the CIA, whose venture arm In-Q-Tel was one of the company's earliest backers. For Karp, data and defense are intertwined, and his company's contracts with government agencies reflect a commitment to leveraging technology to bolster the West. Karp founded the company with well-known conservative tech investor Peter Thiel, and the two have publicly sparred over politics and technology. However, even as a $16.7 billion market cap publicly traded company, Palantir's work remains opaque.

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