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A significant chunk of that money was strategic, in that it came from tech companies rather than venture capitalists or other institutions. The company has refocused much of its product development on generative AI, and its newly rebranded Gemini model, adding features into search, documents, maps and elsewhere. Alphabet and Nvidia are also investors in Runway ML, a generative AI company known for its video-editing and visual effects tools. Microsoft has invested in many of the techniques underpinning generative AI through its Microsoft Research division. Apple researchers recently published details of their work on MM1, a family of small AI models that can take both text and visual input.
Persons: Satya Nadella, Sam Altman, Justin Sullivan, Claude, Fred Havemeyer, Havemeyer, that's, Anthropic, Gemini Ai, Michael M, It's, Amy Hood, dealmaking Daniel Newman, Mustafa Suleyman, Newman, Lina Khan Organizations: Getty, Getty Images Tech, aren't, GPT, Microsoft, Meta, Apple, Nvidia, Google, Web Services, Amazon, Santiago, AMD, Runway ML, Mistral, Big Tech, Microsoft Research, Baidu, Futurum, Anthropic, Federal Trade Commission Locations: San Francisco, Macquarie, Anthropic, New York City, Mistral, U.S, China
Beyoncé's new album "Cowboy Carter" is framed as songs playing on a fictional country radio station. With KNTRY Radio Texas, she ingeniously beats the gatekeepers at their own game. AdvertisementSix songs into "Cowboy Carter," Beyoncé disappears. Willie Nelson's familiar, worn-in voice introduces the album's central conceit: "Welcome to 'The Smoke Hour' on KNTRY Radio Texas. AdvertisementHowever, the "Cowboy Carter" prologue illuminates the allusive layers at work in KNTRY Radio Texas.
Persons: Carter, , Cowboy Carter, Beyoncé, Sister Rosetta Tharpe, Chuck Berry, Roy Hamilton, Willie Nelson's, Nelson, Dolly Parton, Linda Martell, Jon Batiste, TikTok, Queen Bey, Breland, Shaboozey, Tanner Adell, Tiera Kennedy, Kennedy, Parton, Martell, twangy, Jolene Organizations: KNTRY Radio Texas, Service, KNTRY Radio, KNTRY, YouTube, Spotify, Southern, BI Locations: KNTRY Radio Texas, Nashville, KNTRY Radio, Texas, Adell
In the sprawling world of Black pop culture podcasts, its own media ecosystem covering the story lines and people central to the hip-hop genre, the one topic that dominated conversation this week was, unsurprisingly, the latest in the saga of Sean Combs. On Monday, federal agents raided the Los Angeles and Miami homes of Combs, the hip-hop mogul who has been accused in several civil lawsuits of sexual assault. The news spurred days of freewheeling and varied reactions from radio personalities and podcast hosts whose discourse veered toward humor, speculation and denial, far from the tone struck by traditional news outlets. Jessica Moore, known as “Jess Hilarious,” implied that the federal action was reminiscent of a television show. The third host, DJ Envy, agreed, and said the authorities acted like “they were going for the mob.”
Persons: Sean Combs, Mase, , God, Jessica Moore, Jess, DJ Envy Organizations: Bad Locations: Los Angeles, Miami, Combs
Since then, relative calm has returned to Alice Springs, or Mparntwe, its traditional name. Decades of racism and neglect erupted on the streets of Alice Springs on Tuesday, though youth crime is a problem in many other Australian cities. Those are the issues that are part of the story of Alice Springs,” Lawler said. “There is nowhere in the world that has said that a youth curfew is effective – it just criminalizes young people. Northern Territory Police Force Commissioner Michael Murphy speaks to media during a press conference in Darwin, Wednesday, March 27, 2024.
Persons: , Eva Lawler, they’re, , Alice Springs, Darren Clark, Alice, rampaged, , ” Clark, It’s, don’t, ” Lawler, Matt Paterson, Jared Sharp, that’s, ” Sharp, Michael Murphy, Neve Brissenden, Catherine Liddle, haven’t Organizations: Australia CNN, Northern, Sydney, Alice, North Australian Aboriginal Justice Agency, Sky News, Northern Territory Police Force, Reuters, Australia –, Torres, Guardian, of National Aboriginal, Islander, Northern Territory Police, Children Locations: Brisbane, Australia, Alice Springs, , Northern, Alice, Utopia, Darwin, Northern Territory, Torres Strait
Alaska Air shares just getting started Alaska Air Group has recently broken above a key resistance level and could represent a compelling option for investors searching for stocks earlier on in their uptrends. Alaska remained below that retracement level as well as a declining 200-day moving average until this week. Now we're seeing ALK power above $42 with an initial upside target at the 61.8% retracement level around $47. The momentum characteristics are consistent with bullish phases, with Alaska becoming overbought this week after a quick rise. While overbought conditions could indicate a short-term pullback in the coming weeks, we're inclined to assume this uptrend could be just getting started.
Persons: we've, — David Keller Organizations: Nasdaq, US Global Jets ETF, JETS, Alaska Air Group, Alaska Air, CMT Locations: Alaska
Wall Street firms know the pains of having to satisfy regulators, and with advancements in artificial intelligence, there's a whole new level of scrutiny and complexity. It involves quality-and-assurance teams who test, verify, validate, and challenge the AI models before they go into production and report issues back to the engineering team to fix. In some cases, banks' technology teams are spending at least half their time documenting models for compliance, Jonas Jacobi, cofounder of fintech startup ValidMind, told Business Insider. AI models are often compared to a "black box" because it can be difficult to understand their decision-making or how the models arrive at their results. With the new injection of capital, ValidMind will build more features, like one aimed at automating the risk management of third-party vendor solutions.
Persons: Banks, Jonas Jacobi, Jacobi, ValidMind, Steve Cohen's, Mehdi Esmail, Andres Rodriguez Organizations: Business, Point72 Ventures, American Express, Third Prime Ventures, York Life, Jacobi, Technologists Locations: Palo Alto, Calif, Wall, ValidMind
Just one week later, it topped the Hot 100, even though some country radio stations initially refused to play it. Many Black artists creating country music have already seen major boosts in streaming numbers. "There are a lot of Black people who love country music, that have been afraid to say that they love country music, even afraid to make country music." Ice breakers: In the six weeks since Beyoncé dropped the two lead singles from "Cowboy Carter," Shaboozey has felt a palpable uptick in attention surrounding Black country artists. Listen to a roundup of key tracks by Black country artists on Business Insider's Spotify.
Persons: Lil Nas, Beyoncé, Carter, It's, she's, Pablo, Don, gatekeepers, Billboard's Kyle Denis, Cowboy Carter, Tanner Adell, Chase Foster, Tanner, Adell, Josh Turner, Shania Twain, Texas, doesn't, Queen Bey, Buckle, Luke Combs, Daniel Prakopcyk, Shaboozey, Collins Chibueze, Southern, Marty Robbins, Woody Guthrie, I've, Kashus Culpepper, Buffalo Kin, Valerie June, Brittany Howard, Breland, Henry Ammann, Nelly, Tim McGraw, Daniel Gerard Breland, Nashville darlings, Thomas Rhett, Keith Urban, Blanco Brown, Blanco, Brown, Tim McGraw's, he's, He's, Tiera Kennedy, Alexa Campbell, Tiera, Kennedy, Dolly Parton, Johnny Cash, who've Organizations: Chicks, Business, Dallas Cowboys, Buffalo, BI, Nashville, LaFace Records, Buffalo Wild Wings, Spotify Locations: Texas, Houston, Nashville, Kentucky, California, Wyoming, Church, Star Valley , Wyoming, Plano, Beverly, Virginia, America, New Jersey, Atlanta, Butler , Georgia, Alabama
The highly specialized role — in which a pilot temporarily takes control of a ship from its regular captain — is coming under the spotlight this week. But in the end, maritime experts say, there was likely nothing the pilots could have done to stop the 95,000-ton ship from ploughing into the bridge. “A ship's captain is a general practitioner, if I was to use a medical term,” Post said. He or she would be assigned to one ship leaving a port, Post said, and then disembark to board a second, inbound ship. “They had very little time from the start of the incident until the time they were upon the bridge," Post said.
Persons: , Dali, Francis Scott Key, It’s, Allan Post, what’s, didn't, Post, Organizations: National Transportation Safety, Texas, M Maritime Academy, ” Ship, Association of Maryland Pilots, NTSB Locations: Galveston, , U.S, Chesapeake, Baltimore
Sachin Saxena is a former ship captain who spent 13 years navigating the globe on large ships. AdvertisementThis as-told-to essay is based on a conversation with Sachin Saxena, a 45-year-old former ship captain from Singapore. I captained ships transporting liquid petroleum gas from Asia to the United States for 13 years, from 1997 to 2010. Entering or leaving a port is one of the most challenging parts of any voyage. This will start about 45 seconds after the ship's power has failed.
Persons: Sachin Saxena, , Dali, Francis Scott Key, aren't, I'd Organizations: Service, Baltimore Locations: Dali, Singapore, Asia, United States, Baltimore
But following more than a year of erratic behavior from Cathie Wood's flagship vehicle, the ARK Innovation Fund appears to be forming a basing pattern that could herald a breakout ahead. Bullish pattern developing However, the ETF deserves our attention from a technical perspective since it could be getting closer to breaking out of a two-year basing pattern. And as the chart shows, this has prompted a second bullish formation to be constructed – a big cup and handle pattern. If a breakout through the two-year base does occur, the odds suggest that it will get traders' attention once again. If nothing else, it's important to understand what you're investing in, especially a very active ETF like ARKK.
Persons: ARKK, That's, Price, Tesla, It's Organizations: Innovation, Google, VanEck Semiconductor, Coinbase Locations: ARKK
In today's big story, we're examining how a change in credit cards' behind-the-scenes fees impacts you… and your points . Under the settlement, merchants could charge customers more for using different cards despite being part of the same Visa or Mastercard network. AdvertisementTim Boyle/Getty Images; Jenny Chang-Rodriguez/BIThe agreement could ultimately reshape how consumers pay for things. AdvertisementPerhaps that's why one analyst told Business Insider's Alex Bitter he doesn't expect major retailers to pass swipe fees along to customers. But maybe, not unlike the fees the agreement targets, what seems small could eventually add up to something big.
Persons: , Jenny Chang, Rodriguez, Insider's Grace Eliza Goodwin, Tim Boyle, David Morris, Alex Bitter, LUDOVIC MARIN, BlackRock's Larry Fink, Jeremy Grantham, Ian Shepherdson, That'll, We've, Meta, Mark Zuckerberg, Facebook execs, Francis Key Scott, Hunter Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Nickelodeon, Business, Mastercard, Visa, Getty, Fed, Amazon, BI Locations: Europe, LUDOVIC, Baltimore, Port, New York, London
Ian Shepherdson, Pantheon Macroeconomics' founder, predicts a significant US labor market slowdown. Shepherdson anticipates five 25-basis-point rate cuts from the Fed in 2024 instead of three. AdvertisementOne of the big surprises of the Federal Reserve's record hiking cycle over the last couple of years has been the strength of the labor market. Month after month, the US economy has steadily added jobs, and the unemployment rate has remained below 4%. But all of that looks likely to change in the months ahead, according to Ian Shepherdson, the founder and chief economist of Pantheon Macroeconomics.
Persons: Ian Shepherdson, Shepherdson, Organizations: Macroeconomics, Fed, Service, Federal, Pantheon Macroeconomics, Business
Jim Cramer charts the bullish signals in DraftKings
  + stars: | 2024-03-26 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Jim Cramer charts the bullish signals in DraftKings'Mad Money' host Jim Cramer breaks down the technicals and what the charts say about DraftKings stock.
Persons: Jim Cramer
Arm Holdings is a UK-based semiconductor and software design company that has been around for quite some time and been through multiple corporate events, changes of ownership and multiple large investors. The majority shareholder of Arm (ARM) is Japanese conglomerate Softbank, which bought the company in 2016 before taking it public again on the Nasdaq in 2023. The stock formed a base into March, held $120-area support and is now mounting another attack after breaking the gray dotted downtrend resistance/trigger level at $135. I do not yet hold the stock, but I am looking to add to our holdings at current levels and will require the stock to remain above that $135 breakout level now serving as support. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: we're, They're, Gordon Organizations: Nasdaq, ARM, Nvidia, Cadence Design Systems, IBM, Intel, AMD, Apple, Facebook, Google, Inside Edge Locations: UK
"3 Body Problem" is a show about aliens — but before that, it's about a woman during the Cultural Revolution. AdvertisementNetflix's "3 Body Problem" is preoccupied with the far-flung reaches of the universe — but its moments of deep, historical specificity are where it thrives the most. BI spoke with the director about the pressure to authentically render Chinese history and virtual reality alike on screen. Ye Wenjie's father is beaten to death during a struggle session during the Cultural Revolution in "3 Body Problem." Derek Tsang on the "3 Body Problem" set with Jess Hong and camera operator Sean Savage.
Persons: Derek Tsang, Ye, Tsang, , Liu Cixin's, David Benioff, Weiss, Alexander Woo, Oscar, Yu Guming, Tseng, Maria Heras, Zine Tseng, Ye Wenjie, Dave, Dan, Alex, you've, she's, It's, Ed Miller, it's, David, they're, Jess Hong, Sean Savage, Jonathan Freeman, Jonathan, Jin Cheng, We've Organizations: Service, Hong, Cultural, Netflix Locations: Hong Kong, Ye Wenjie's, Ye, London, David, China, American
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: CSCO, Katie Stockton Organizations: Cisco Systems, Fairlead, CNBC Pro, Securities
Bitcoin is more like digital gold than a so-called "risk-on" asset, according to Robert Mitchnick, BlackRock's digital assets lead. For years, bitcoin's ability to behave in different ways at different times has stumped investors . "Historically bitcoin's long-term average correlation [to stocks] has been close to zero – slightly positive, but close to zero," he said. While the recent rally was spurred by the launch of U.S. bitcoin ETFs, some on Wall Street have suggested that it may have recently fused into the more macroeconomic-fueled gold rally . Risk and portfolio construction That, understandably, adds confusion for newcomers to bitcoin investing, who are drawn to its digital gold-like qualities.
Persons: Robert Mitchnick, BlackRock's, bitcoin, It's, Bitcoin, bitcoin rocketed, Mitchnick Organizations: New York City, Fed, BlackRock Locations: New York
Opinion | Heavy Lies the Crown
  + stars: | 2024-03-25 | by ( Tina Brown | ) www.nytimes.com   time to read: +1 min
I was in London last week when the febrile madness of Where Is Kate? was blowing up social media, and The Curious Mystery of the Doctored Mother’s Day Photograph consumed every news outlet and dinner table conversation. When was the last time any tabloid considered the palace a trusted source of news? As editor of Vanity Fair in 1985 I wrote a piece revealing that Prince Charles and Princess Diana were having awful marital fights. When social media shrieked that there would be a very somber press announcement on Friday, royal-watchers assumed it would be from King Charles, who is battling an unspecified cancer.
Persons: Kate, Wales, Prince Charles, Princess Diana, Catherine, King Charles Organizations: Associated Press Locations: London, Kensington
Read previewAfter completing my first year of teaching 8th-grade English at a private school, I was happy to have survived. When I met with the school's principal for my year-end review, I was presented with a Performance Improvement Plan (PIP). When I returned that fall, I met the new assistant principal, Mr. White, who would serve as head of discipline — as well as my advisor. Together, Mr. White and I came up with classroom routines that I began implementing immediately. Mr. White had the ultimate poker face.
Persons: , White, He'd, . White, White's, couldn't, I'd, wasn't Organizations: Service, Business
Is the breakout from resistance likely and should you consider allocating exposure to this basket of 2000 small capitalization stocks? I think the breakout should occur, but I don't think we should increase exposure to the Russell 2000 for two reasons. Ideally the rotation was going to carry through into the upper-right green quadrant indicating confirmed outperformance relative to the S & P 500. I'm not saying we shun small caps all together and continue to focus on the large caps. We need to focus on fundamentally sound small cap companies and we can do so through the Pacer US Small Cap Cash Cows 100 ETF (CALF) .
Persons: Russell, Powell, Gordon, POWL Organizations: Federal Reserve, Powell Industries, Edge, Inside Edge Capital Management
Read previewThe rate of young adults being diagnosed with cancer has risen sharply in the past 30 years, particularly in high-income countries. AdvertisementBusiness Insider's analysis of young adult cancer rates in G20 countries shows a fast, uniform increase:While cancer screening has dramatically increased, helping to prevent cancer deaths, the rise in young cancer cases can't be accounted for by increased screening. "As clinicians, almost daily, we see young people have cancer where they're healthy, they're obviously young, they eat well, they do not have a genetic condition. AdvertisementPer a recent JAMA study, colorectal cancer is now the most common for people under the age of 50. A young cancer diagnosis is especially difficult, doctors sayA cancer diagnosis in your 30s and 40s comes with unique challenges.
Persons: , millennials, Ogino, Chadwick Boseman, Boseman, Panther, Dr, David Liska, Liska Organizations: Service, Business, Harvard Medical School, Cleveland Clinic, American Cancer Society Locations: Western Europe, United States, Yale
Connect all your bank accounts, investments accounts, and credit cardsCheck mark icon A check mark. HoneydueHoneydue App Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.75 /5 Fees Free Pros Check mark icon A check mark. Budgeting app for couplesCheck mark icon A check mark. Rocket MoneyRocket Money Get started On Rocket Money's website Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.25 /5 Fees Free to create a budget. Pros Check mark icon A check mark.
Persons: Credit Karma, you've, It's, Couples, There's, YNAB, Zeta Zeta, Zeta, you'll Organizations: Intuit, Credit, Quicken, Apple, Google, PocketGuard, Quicken Simplifi, Zeta Locations: Zeta
The weekly chart of the iShares U.S. Home Construction ETF (ITB) shows how the long-term trend has become quite strong off the October 2022 low. The higher low in October was a sign of accumulation, showing that the bearish momentum going into the summer had begun to dissipate. Once this ETF broke above its July 2023 high, it traded higher to a price gap in December of last year. In this case, the homebuilder ETF resolved this pattern to the upside in late February with a break above $105. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: Jerome Powell's, ITB, David Keller Organizations: Home, CMT Locations: U.S
The Communications Services Select SPDR ETF (XLC) , home of Meta, Alphabet and Disney, is doing one of the following at any given time this year: Breaking out, digesting said breakout and then breaking out again. We'll notice that the monster reversal happened a solid four months before the S & P 500 topped out in early 2022… and we can blame Meta (META) for that. Meta tailwind When META cracked back then, it took XLC with it. However, it, too, has a constructive chart pattern – a potential large base that is almost two years in length. This ETF is VERY illiquid, thus, it's not the best trading vehicle… That said, one particular holding has a similar looking pattern: Disney (DIS) .
Persons: XLC's uptrend, XLC, it's, NWSA, Frank Cappelleri Organizations: Meta, Netflix, News Corp, Communication Services Locations: XLC
GENEVA (AP) — The U.N. weather agency is sounding a “red alert” about global warming, citing record-smashing increases last year in greenhouse gases, land and water temperatures and melting of glaciers and sea ice, and warning that the world's efforts to reverse the trend have been inadequate. “The latest State of the Global Climate report shows a planet on the brink. Fossil fuel pollution is sending climate chaos off the charts.”The latest WMO findings are especially stark when compiled in a single report. WMO said the impact of heatwaves, floods, droughts, wildfires and tropical cyclones, exacerbated by climate change, was felt in lives and livelihoods on every continent in 2023. And so, nothing gets done.”___Borenstein reported from Washington, D.C.___The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations.
Persons: , Celeste Saulo, , ” U.N, Antonio Guterres, Topping, Jonathan Overpeck, wasn’t, Saulo, Kathy Jacobs, Andrew Weaver, , ___ Borenstein Organizations: GENEVA, World Meteorological Organization, WMO, Service, University of Michigan School for Environment, Sustainability, University of Arizona, University of Victoria, British Columbia, Washington , D.C, Associated Press Locations: “ State, Paris, Copenhagen, British, Washington ,, AP.org
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