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☆ Here's an earnings homework checklist so you can be ready when your companies report
▼ + stars: | 2024-10-15 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Wells Fargo on Friday was the first portfolio name to report third-quarter results, which have been greeted enthusiastically on Wall Street. Morgan Stanley and Abbott Laboratories — both Club names as well — report earnings before Wednesday's opening bell. Revenue and earnings estimates can be found on stock ticker pages on any number of free financial websites and through brokerage account providers. Portfolio management is a must. After considering these factors, be sure to then take a higher-level portfolio management view of your investments.

Persons: Wells, Morgan Stanley, Abbott Laboratories —, Jim Cramer's, —, Eli Lilly, writeups, Stanley Black, Decker, Jim, Jim Cramer, Andrew Kelly Organizations: Abbott Laboratories, Abbott Labs, Microsoft, TJX, Palo Alto Networks, Club, Nvidia, Devices, Taiwan Semiconductor Management Company, Jim Cramer's Charitable, CNBC, Flag, New York Stock Exchange Locations: Wells Fargo, U.S

☆ I have 6 short-term rental properties. People think real estate is passive income, but I disagree.
▼ + stars: | 2024-10-15 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Alongside her partner Philippe, she now has six short-term rental properties. AdvertisementThis as-told-to essay is based on a transcribed conversation with Kerri Gibson, 48, based in Orford, Quebec, about her short-term rental business, Chalets Hygge. Some people consider getting into real estate as a source of passive income, but I wouldn't say it's passive at all. We funded the downpayment through an equity release in the form of a mortgage on our personal home turned short-term rental. Real estate has historically been thought of as passive income, running short-term rentals is not passive.

Persons: Kerri Gibson, Philippe, Gibson, —, I'd, Votre Histoire.co Philippe, We've, COVID, there'll Organizations: Service, Business Locations: Orford , Quebec, Airbnb, CA75,000, CA188,000, Vancouver, Quebec, Montreal, Orford, OTAs

☆ How AI is closing talent gaps by focusing on skills
▼ + stars: | 2024-10-15 | by ( Sponsor Post | ) www.businessinsider.com time to read: +8 min

There's good reason to adopt a skills-first strategy: Hiring managers who practice skills-first hiring find it twice as easy to find qualified candidates than hiring managers who do not. But the advancement of generative AI has the potential to change that. To use AI effectively for skills-first hiring, talent professionals must understand how models have been developed and trained and audit and monitor those models for bias. Indeed's Smart Sourcing generative AI provides an explanation of the candidate's potential overlapping qualifications with the employer's job description. As crucial as AI will be to skills-first hiring, talent acquisition, and management always starts and end with humans.

Persons: Liz Voigt, Hannah Calhoon, That's, Calhoon, It's, They'll, that's, Voigt, it's Organizations: Statistics Canada, Jobs, Insider Studios Locations: Canada, Ontario

☆ Russia rolled out a Soviet howitzer from the 1940s that Moscow technically shouldn't have in the first place
▼ + stars: | 2024-10-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Russia filmed its troops firing a D-74, an artillery gun developed in the 1940s that the Soviets exported to their allies. The field gun featured: a D-74 122mm howitzer, which the Soviet Union developed in the late 1940s. Ukrainian President Volodymyr Zelenskyy estimated in February that Russia was receiving at least 1 million artillery shells from North Korea. AdvertisementThe Russian defense ministry and the Chinese foreign affairs ministry did not respond to requests for comment sent by Business Insider. AdvertisementDespite its sheer age, the D-74 still can be useful for Russia in a modern war in Ukraine, Purcell said.

Persons: —, it's, Michael Purcell, " Purcell, Putin, Russian Defense Ministry Jennifer Kavanagh, Volodymyr Zelenskyy, Dmitry Peskov, Russia Kavanagh, Kavanagh, Purcell, Vladimir Putin, that's Organizations: Military, Service, Kremlin, Soviet Union, Marine Corps, International Security, George Washington University, DPRK, Russian Defense Ministry, Defense, Authorities, China, International Institute for Strategic Studies, Business Locations: Russia, North Korea, Russian, Donetsk, Soviet Union, Ukraine, Moscow, Soviet, Vietnam, China, Washington, Seoul, Pyongyang

☆ Human sense of smell is faster than thought, new study suggests
▼ + stars: | 2024-10-14 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +5 min

“For comparison, the duration of an eye blink is about 180 milliseconds,” Zhou added. “Our apparatus could be used for therapeutic purposes, such as olfactory training for patients with olfactory loss,” Zhou said. The researchers asked 229 adults in China to wear this device and smell different odor mixtures: two odors presented in quick succession within a single sniff. However, temporal sensitivity is not limited to hearing: our sense of smell can also perceive small temporal changes in odour presentations,” he wrote. In addition, this study sheds important light on the mysterious mechanisms that support human odor perception,” Datta wrote in an email.

Persons: Dr, Wen Zhou, Zhou, ” Zhou, “, Dmitry Rinberg, ”, Sanjay Gupta, Sandeep Robert Datta, ” Datta Organizations: CNN, Chinese Academy of Sciences, University of Chinese Academy of Sciences, Ohio State University, of Neuroscience, NYU Langone Health, CNN Health, Neurobiology, Harvard Medical School Locations: Beijing, China, New York

☆ Why Honeywell CEO Vimal Kapur doesn't think the AI payoff will come from productivity
▼ + stars: | 2024-10-14 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

As CEO of one of the world's largest industrial conglomerates, Honeywell 's Vimal Kapur doesn't think about AI like most individuals. "There is always a trend which makes your skills obsolete, every five years," Kapur said at the recent CNBC Evolve: AI Opportunity Summit in New York City. The AI opportunity for Honeywell is creating a new labor pool that can learn and work alongside AI and accumulate and deploy institutional knowledge much faster. "The future belongs to companies with 'first-order' data sets," he told CNBC "Closing Bell Overtime" anchor Jon Fortt at the Evolve: AI Opportunity event. "Data and data sets are the next frontier for AI," Delangue said.

Persons: Kapur, It's, it's, Jake Loosararian, Jon Fortt, Clément Delangue, Delangue, Katherine Forrest, Paul, Weiss, Garrison, Honeywell's Kapur Organizations: Honeywell, Labor, Nvidia, Gecko Robotics, CNBC, Amazon, Google Locations: New York City, industrials, Rifkind, Wharton

☆ Google inks deal with nuclear company as data center power demand surges
▼ + stars: | 2024-10-14 | by ( Pippa Stevens | ) www.cnbc.com time to read: +3 min

Google said Monday that it will purchase power from small modular reactor developer Kairos Power, as tech companies increasingly turn to nuclear power as a way to fulfill the growing energy demands from data centers. Monday's announcement is another example of the growing partnership between tech companies and nuclear power. Data centers need 24/7 reliable power, and right now nuclear is the only source of emissions-free baseload power. Many hyperscalers have ambitious emissions-reduction targets, which is why they're turning to nuclear power. Constellation Energy is restarting Three Mile Island to power Microsoft data centers, while Amazon bought a data center from Talen Energy that's powered by the Susquehanna nuclear power plant.

Persons: Kairos Power, Michael Terrell, SMRs, Bill Gates, Sam Altman, Jeff Bezos, Terrell Organizations: Google, Kairos, U.S, Department of Energy, —, Constellation Energy, Microsoft, Amazon, Talen Energy, Susquehanna Locations: Mountain View , California, Oak Ridge , Tennessee

☆ European Central Bank set for third interest rate cut of the year in meeting this week
▼ + stars: | 2024-10-14 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

European flags flutter in front of the European Central Bank (ECB) building prior to a news conference following the meeting of the governing council of the ECB in Frankfurt/Main, Germany, on September 12, 2024. Daniel Roland | Afp | Getty ImagesThe European Central Bank is on course to deliver its third interest rate cut of the year at its meeting this Thursday, as policymakers say inflation risks are easing faster than previously expected. Headline price rises in the euro area cooled to 1.8% in September, below the central bank's 2% target. Bank of France Governor Francois Villeroy de Galhau last week described an October rate cut as "very likely" and said such a step "won't be the last." This led him to forecast ECB rate cuts will take place both this week and at each of the central bank's forthcoming meetings, until the deposit rate hits 2.5%.

Persons: Daniel Roland, Francois Villeroy de Galhau, Villeroy, Christine Lagarde, Joachim Nagel, Germany's Bundesbank, Jack Allen Organizations: European Central Bank, ECB, Afp, Getty, Bank of France, France, European Union, Citi, Media, U.S, U.S . Federal, Barclays, Capital Economics, Reynolds, Bank of America Global Research Locations: Frankfurt, Main, Germany, U.S .

☆ Can these ultra-exclusive luxury destinations help extend your life? They’d certainly like to try
▼ + stars: | 2024-10-14 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +13 min

Or residents can indulge in hyperbaric treatments, breathing in 100% oxygen in a pressurized chamber which has shown promising anti-aging results. Ice plunges and saunas in renderings of the 122-story Six Senses Residences in Dubai, due to be completed in 2028. This year, a new offering by Equinox includes biomarker testing and customized coaching for fitness, nutrition and recovery. A quest for peak performanceContinuum Club, located in New York City, takes a similar approach to health with the help of AI. Paul Bundy“(Can) you ski longer, hike faster, push the human potential and boundaries within recreational modalities?” Zhang posed.

Persons: ”, Kevin Cavaco, Harley Pasternak, Kim Kardashian, Lady Gaga, Halle Berry, he’s, I’ve, Bryan Johnson, —, ’ biometrics, Tom Wingert, Brian Berkowitz, We’ll, “, we’re, ‘, what’s, Wingert, Matthew McConaughey, Ken Hayden, Christian Davies, Davies, Covid, Priya Mrinal, Woods Bagot, Reed Hastings, Jenny Holzer, James Turrell, Arthur Jafa, Paul Bundy, Alex Zhang, Paul Bundy “, Zhang, We’re, Pasternak Organizations: CNN, Dubai Marina, Dubai, Apple, Equinox, Continuum, Continuum Club, Netflix Locations: Dubai, Prairie, Switzerland, Lanserhof, Austria, New York City, Sedona , Arizona, Arizona, Sedona, Dubai Marina, Utah, Aspen, Deer, it’s

☆ How UnitedHealthcare is transforming the prior authorization process for patients and providers
▼ + stars: | 2024-10-14 | by ( Sponsor Post | Sponsored Unitedhealthcare | ) www.businessinsider.com time to read: +7 min

While there's a lot of buzz around prior authorization, it applies to fewer than 2% of claims. UnitedHealthcare is reducing prior authorization requirements with new initiatives to ease administrative tasks and other challenges. According to Dr. Anne Docimo, chief medical officer at UnitedHealthcare, prior authorization is an oft-maligned but necessary part of our health care system. *Understanding when prior authorization is neededDocimo said UnitedHealthcare may seek prior authorization in several scenarios. Modernizing and streamlining the prior authorization processPeople may be surprised to learn that scenarios where prior authorization often comes into play are relatively rare.

Persons: it's, Dr, Anne Docimo, Docimo, UnitedHealthcare, It's Organizations: Card, Insider Studios, UnitedHealthcare, Medicare Locations: UnitedHealthcare's

☆ China's exports and imports grew far less than expected in September
▼ + stars: | 2024-10-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China's exports grew by 2.4% in September from a year ago in U.S. dollar terms, while imports rose by 0.3%, customs data showed Monday. China's exports were forecast to have risen by 6% year-on-year in September in U.S. dollar terms, according to a Reuters poll. Imports were expected to have climbed by 0.9% in September from a year ago, according to the Reuters poll. Exports had been a bright spot in China's economy, which has been weighed down by lackluster consumer spending and a real estate slump. China's exports to the U.S., its largest trading partner, rose by 2.2% in September from a year ago, while imports from the U.S. climbed by 6.7%, according to CNBC's analysis of official data.

Organizations: Imports, Reuters, Exports, U.S Locations: Port, Shanghai, China, BEIJING, U.S

☆ Sorry fast food fans — your burger is only going to get more expensive
▼ + stars: | 2024-10-14 | by ( Nora Redmond | ) www.businessinsider.com time to read: +6 min

Beef prices in the US are rising due to a historic drought and herd liquidation. Fast food chains like McDonald's and Burger King have already raised prices due to inflation. AdvertisementInflation has not been kind to food prices — especially for eating out. AdvertisementThe USDA reported that this led to record retail beef prices, with an all-fresh value of $8.15 per pound for July. "The reality is over the next couple of years, beef prices are going to continue to go higher," Zimmerman said.

Persons: Burger King, —, Chris Kempczinski, Burger, Lance Zimmerman, Rabo AgriFinance, McDonald's, Erin McDowell, Zimmerman, Taco Bell, Jay Bandy, Bandy, Dudler Organizations: Service, Starbucks, McDonald's, KFC, Brands, Department of Agriculture, Goliath Consulting, Accenture Locations: Olive, Taco, Georgia

☆ An options trade on a Boeing supplier that could get dragged down by its customer's woes
▼ + stars: | 2024-10-14 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Howmet also produces parts used in gas turbines (power generation) and precision castings, fasteners, and other components for automotive applications. Over the past few years, Howmet has grown revenues, net income, and free cash flow considerably faster than the economy's overall growth. About 5.7% of Howmet's revenue comes from Boeing , which is greater than 4.6% of its revenues from Airbus. However, some of the company's revenues are derived indirectly from jet engine manufacturers General Electric, 12% of revenues, and Rolls-Royce, which represents 5.34%. Over the past five years, Howmet shares have appreciated by 370%, outperforming the S & P by more than 260% and the industrials index by about 280%.

Persons: Howmet Organizations: Howmet Aerospace, Aerospace, Boeing, Airbus, Electric, Royce, CNBC, NBC UNIVERSAL

☆ Ruth Chepngetich shatters women’s world record at Chicago Marathon
▼ + stars: | 2024-10-13 | by ( Hunter Patterson | ) www.nytimes.com time to read: +1 min

Kenyan distance runner Ruth Chepngetich completed the Chicago Marathon in 2:09:56 on Sunday, smashing the women’s full marathon world record. WORLD RECORD ‼️ 🇰🇪's Ruth Chepngetich destroys the marathon world record in Chicago with an incredible 2:09:57 😮‍💨 That's almost 2 minutes faster than the previous world record 🤯 She finishes in 10th place overall of the @ChiMarathon 👏 pic.twitter.com/ftM1J0j1F1 — World Athletics (@WorldAthletics) October 13, 2024Ethiopian runner Tigst Assefa held the previous women’s world record of 2:11:53, a feat she accomplished at the 2023 Berlin Marathon. AdvertisementSunday marked Chepngetich’s third win at the Chicago Marathon after taking gold in the 2021 and 2022 events. She dedicated her world record to the late Kelvin Kiptum, a Kenyan runner who died in a car crash in February after breaking the men’s world marathon record in Chicago last year. The world record has come back to Kenya.”Required reading(Photo: Michael Reaves / Getty Images)

Persons: Ruth Chepngetich, Chepngetich, hal Organizations: Chicago Marathon, Adv

☆ Op-ed: Here's how to incentivize your kid to start investing for retirement
▼ + stars: | 2024-10-13 | by ( Winnie Sun | ) www.cnbc.com time to read: +6 min

While you're doing so, it's also important to consider what counts as "earned income" for a child's Roth IRA. The maximum annual contribution for 2024 is $7,000 or the total of the child's earned income for the year — whichever is less. For instance, if a 16-year-old works at a coffee shop and earns $4,000 over the summer, that $4,000 qualifies as earned income. Earnings from a part-time job, such as working at a grocery store, fast food restaurant, or retail shop, count as earned income. For instance, if a 16-year-old works at a coffee shop and earns $4,000 over the summer, that $4,000 qualifies as earned income.

Persons: Momo, you've, Roth, it's, child's Roth Organizations: Stone, child's Roth IRA, Facebook, IRS

☆ Ruth Chepngetich smashes women’s marathon world record in Chicago
▼ + stars: | 2024-10-13 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Kenya’s Ruth Chepngetich obliterated the women’s marathon world record in Chicago on Sunday as she completed the course in 2:09:56, becoming the first ever woman to break the 2:10 barrier. Chepngetich shaved almost two minutes off the previous world record of 2:11:53, which was set by Ethiopia’s Tigist Assefa in September 2023, and secured her third ever race win in Chicago. Her new world record is still subject to the usual ratification procedure, according to World Athletics. “I fought a lot, thinking about the world record. The world record has come back to Kenya, and I dedicate this world record to Kelvin Kiptum,” she added, referencing her compatriot who set the men’s world record in Chicago last year and died in a road accident aged 24 in February.

Persons: CNN — Kenya’s Ruth Chepngetich, Ethiopia’s Tigist Assefa, “, ”, Kelvin Kiptum, Chepngetich, Ruth Chepngetich, Michael Reaves, Asefa, Kebede, Kenya’s John Koriri, Ethiopia’s Huseydin Mohamed Esa, Kenya’s Amos Kipruto, Switzerland’s Marcel Hug, Catherine Debrunner Organizations: CNN, Athletics, Kenyan Locations: Chicago, Kenya

☆ A 33-year-old self-made millionaire shares the 2-part 'financial freedom road map' that helped him build wealth
▼ + stars: | 2024-10-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Erik Smolinski shares the 'road map' he used to build wealth and achieve financial independence. He also provides steps anyone can take to build wealth, starting with opening a brokerage account. Part 1: Understand 3 'wealth levers'According to Smolinski, there are three "wealth levers" that you have to use in order to build wealth. Next, link your bank account to your brokerage account and initiate your first transfer. Over time, you'll learn to live without the chunk of money you're setting aside for your future.

Persons: Erik Smolinski, —, Smolinski, that's, you've, I'm Organizations: Service, Marine Corps

☆ SpaceX gets green light for fifth Starship test flight
▼ + stars: | 2024-10-12 | by ( Jackie Wattles | ) edition.cnn.com time to read: +8 min

CNN —Federal regulators granted SpaceX its long-awaited license to move forward with a fifth uncrewed test launch of Starship, the most powerful rocket system ever constructed. The FAA had been expected to hand down a license for this test launch weeks ago. SpaceX has also publicly denied reports that the company violated wastewater regulations with the deluge system, which SpaceX says uses potable water. Notably, the company launched a 2020 test flight of a prototype rocket, called Starship SN8, without obtaining prior approval from the FAA for a public safety waiver. At one point in 2023, for example, he said that he did not blame the FAA for holding up Starship launches.

Persons: “, Artemis, Elon Musk, ”, Mike Whitaker, Whitaker, SpaceX’s, ” Whitaker, Patrick T, Fallon, SpaceX, didn’t, Biden, Donald Trump —, Whitaker “, ” Musk, Jose Luis Magana, Kevin Kiley, they’re Organizations: CNN, SpaceX, US Federal Aviation Administration, NASA, FAA, ”, Super, Getty, Texas Commission, Environmental, Environmental Protection Agency, Committee, Transportation, Aviation, US, Infrastructure, Republican Locations: Boca Chica , Texas, Texas, AFP, California

☆ Federal Aviation Administration approves SpaceX Starship 5 flight
▼ + stars: | 2024-10-12 | by ( ) www.cnbc.com time to read: +2 min

The Federal Aviation Administration approved a license on Saturday for the launch of SpaceX's Starship 5 set for Sunday after earlier saying it did not expect to make a decision until late November. SpaceX is targeting Sunday for the launch and said a 30-minute launch window opens at 7:00 a.m. CT. The FAA said on Saturday SpaceX had "met all safety, environmental and other licensing requirements for the suborbital test flight" for the fifth test of the Starship and has also approved the Starship 6 mission profile. The Starship spacecraft and Super Heavy rocket are a fully reusable system designed to carry crew and cargo to Earth orbit, the Moon and beyond. On Friday, the FAA approved the return to flight of the SpaceX Falcon 9 vehicle after it reviewed and accepted the SpaceX-led investigation findings and corrective actions for the mishap that occurred Sept. 28.

Persons: Elon Musk, Musk, Mike Whitaker Organizations: Federal Aviation Administration, Reuters, FAA, SpaceX, Super Locations: Boca Chica , Texas, Australia

☆ This niche AI play is seeing business growth rates that are triple the pace of the data centers
▼ + stars: | 2024-10-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

As artificial intelligence fuels the boom in data center growth, investors are eyeing a new frontier: the companies keeping these digital powerhouses cool. That's because historically, data centers used air cooling to manage the heat generated by traditional cloud applications. Triple data center growth Vertiv and Modine are legacy air cooling players that entered the liquid cooling market through acquisitions, while nVent is a pioneer. "The need for liquid cooling is not cannibalizing the need for mechanical (air) cooling," Matt Summerville, an analyst at D.A. "The need for liquid cooling is not cannibalizing the need for mechanical (air) cooling," Matt Summerville, an analyst at D.A.

Persons: Modine, there's, Dean Dray, Matt Summerville, Davidson, Summerville, William Blair, Brian, nVent, Dray, Vertiv, Jefferies, Saree Boroditsky, Boroditsky Organizations: Modine, RBC Capital Markets, CNBC, D.A, CoolTerra, TMG, Scotts, Scotts Springfield Manufacturing, Asia Pacific, CDU, Summerville, Luza Locations: Scotts Springfield, Asia, Summerville

Fed rate cuts are likely to help push bitcoin and other risk assets higher, but some stablecoin issuers could suffer a hit to their revenue. Tether (USDT) and USD Coin (USDC) dominate the market, making up 70% and 21%, respectively, according to CryptoQuant. "As rates begin to fall, that has a giant impact on their [profit and loss] and their bottom line." Stablecoins – cryptocurrencies that promise a fixed value peg to another asset, usually the U.S. dollar – are widely seen as crypto's killer app. Jeremy Allaire, CEO of USDC issuer Circle, told CNBC lower interest rates are "a very good thing" for the company because lower interest rates will likely increase investment and economic activity – which would benefit the company.

Persons: Bernstein, Kevin Lehtiniitty, they're, Wainwright, Kevin Dede, Jeremy Allaire, Allaire Organizations: U.S ., CNBC

☆ How ‘shoe doping’ changed marathon times forever – in ways we still don’t fully understand
▼ + stars: | 2024-10-12 | by ( Liam Tharme | ) www.nytimes.com time to read: +16 min

This is the story of how the marathon has changed, told by some of the people behind the technological revolution. Marathon running is done individually but succeeds best when athletes work in packs, either with official pacemakers or using each other to share workloads and draft. They put one into a marathon shoe in a 2006 study, got sub-elite athletes to run on treadmills, and found a 1.3 per cent benefit in terms of energy reduction. “We set up at that point (2016), one of the most in-depth and best controlled studies on running shoes. Hoogkamer uses MRI scanners at the University of Massachusetts, which “you can’t really run in.” Some opt for ultrasound devices and others for muscle oxygenation sensors.

Persons: Eliud Kipchoge, Kipchoge, Roger Bannister’s, He’d, Alex Halada, Kelvin Kiptum’s, Paula Radcliffe’s, Tigst Assefa, Peres Jepchirchir, Tim Hutchings, Kenenisa Bekele, Sir Jim Ratcliffe, ”, Maxwell Muttai, Benno Nigg, “, Wouter Hoogkamer, Nike’s, ’, ” Nigg, Hoogkamer isn’t, he’s, it’s, you’re, Marco Tacca, Muttai, They’re, they’re, Nike Vaporfly, Hoogkamer, Liam Tharme, Soh Rui Yong, Molly, “ There’s, Rui Yong, Yong Teck Lim, Soh, “ Asics, Hutchings, —, Mike Marsland Organizations: Breaking2, Getty, London, Research, University of Calgary, Nike, University of Colorado, of Colorado, Athletic, Adidas, University of Massachusetts, New York City Marathon, Sports, Asics, Brands, World Athletics, Formula, Nike Vaporfly Locations: Vienna, Rio de Janeiro, Monza, Nike’s Alphaflys, AFP, Chicago, Berlin, Tokyo, Boston, London, Chicago , New York, supershoes, Paris, Boulder , Colorado, “, Rio

Valued at $4 billion in 2021, Cerebras is reportedly seeking to roughly double that in its IPO. The customer, G42, is backed by Microsoft , and it's entirely responsible for the $1.43 billion purchase commitment. G42 can pick up $500 million more in Cerebras shares if it commits to spend $5 billion on the company's computing clusters. The major Wall Street banks, for their part, are finding other ways to play in the burgeoning AI infrastructure market. Fitch, who said he sold out of his Nvidia stock years ago, told CNBC that the benefits outweigh the risks.

Persons: Andrew Feldman, Ramsey Cardy, Cerebras, —, David Golden, it's, prepayment, CFIUS, Mike Gallagher, Gina Raimondo, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Young, There's, Peter Thiel, Eva Marie Uzcategui, there's, Thiel, Jim Fitch, Fitch, Feldman Organizations: Cerebras Systems, Nvidia, Revolution Ventures, JPMorgan Chase, Microsoft, AstraZeneca, GlaxoSmithKline, Mayo Clinic, Treasury, Foreign Investment, Reuters, Chinese Communist Party, JPMorgan, Citigroup, Barclays, BDO, KPMG, Deloitte, Ernst, Riverstone Networks, CoreWeave, Clarium Capital Management LLC, Bloomberg, Getty, Mizuho Securities, Venture, CNBC, Devices Locations: Toronto, U.S, Sunnyvale , California, Abu Dhabi, China, Miami , Florida, Los Angeles, Florida

☆ AI is transforming fraud prevention in digital payments. Here's how.
▼ + stars: | 2024-10-11 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

Visa Protect is an AI-driven suite of solutions that includes real-time risk scoring to help prevent fraud and secure digital transactions. These risk solutions harness the power of artificial intelligence to help safeguard merchants, financial institutions, and consumers at every transaction stage. AI shines in fraud preventionFor over 30 years, Visa has been a leader in using AI to combat fraud. But AI has proven to be a powerful weapon in risk prevention for digital payments and transactions. Learn more about Visa Protect risk solutions.

Persons: James Mirfin, Mirfin, We've Organizations: Visa, Research, Visa Protect, Open Banking, Intelligence, Service, Insider Studios

☆ 3 money moves you can make today to feel wealthy, according to CFPs
▼ + stars: | 2024-10-11 | by ( Judy Lagrou | In Judylagrou | ) www.cnbc.com time to read: +3 min

Luckily, feeling wealthy is less about the money in your bank account and more about your attitude toward the money you already have. In short, your ability to feel wealthy depends on "what your experiences and perceptions on money are." This involves letting go of a well-known number like $1 million and embracing your personal financial journey, she says. Goals such as establishing an emergency fund or improving your credit score, when reached, can help you feel wealthy without having to build a huge net worth. In other words, you don't need $1 million in hand today to feel wealthy — just a plan to grow your money over time.

Persons: Paul Morrone, —, Rachel Elson, Elson, Morrone, There's Organizations: Northwestern Mutual Locations: North Haven , Connecticut, San Francisco , California

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