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☆ Why Musicians Aren't Making Money: Streaming, Record Labels & TikTok
▼ + stars: | 2024-11-21 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +19 min

Music has always been a business, but streaming, TikTok, inflation, and the ballooning costs of touring have dramatically altered a musician's traditional routes to making money. But a lot has changed since streaming usurped radio play as the kingmaker of a rising musician's career. Even the hitmakers who dominate your "For You" page are getting paid "almost nothing" from TikTok, as one music exec told Billboard. 1 song on TikTok doesn't mean anything in the grand scheme of things," Tinashe's longtime manager, Simonne Solitro, explains. "That's not just me," Violet tells me, "that's literally every single artist I know."

Persons: Raye, Conrad, She'd, Taylor, Taylor Swift, Stone, You've, there's, everybody's, Donald Passman, Kevin Baird, Chris Burnett, Chuck Berry, he'd, it's, —, TikTok, Ariana Grande, JC Olivera, Justin Ayers, Club's Baird, Tayla Parx, she's, Ariana Grande's, It's, Parx, that's, Muni, who's, Rihanna, Kelly Clarkson, Alexis, Long, I'd, Rachel Chinouriri, I've, Chinouriri, Sam Halliday, Alex Trimble, Katy Cummings, Derek Crownover, Loeb, he's, Crownover, Simonne, Tinashe, Tinashe's, Simonne Solitro, Solitro, Normani, aren't Taylor Swift, Jennifer Lopez, Bad Bunny, Shirlaine Forrest, Matt Jelonek, Tessa Violet, hasn't, That's, Violet, Solitro's, Tessa Violet's, Sarah Pardini, Halsey, Adele, Sophie Turner, Florence Pugh, Pugh, jostling Organizations: Spotify, Music, Northern, Cinema, BI, Apple Music, Billboard, Apple, YouTube, BMI, Suns, TaylaMade Inc, Fifth Harmony, Parlophone, Atlas Artists, Ticketmaster, Promoters, BI Social, Capitol Music, Capitol, Columbia, Chartmetric, DMs Locations: Manhattan, British, Northern Irish, TikTok, London, Los Angeles

☆ AI systems could 'turn against humans': Tech pioneer Yoshua Bengio warns of artificial intelligence risks
▼ + stars: | 2024-11-21 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +6 min

Professor Yoshua Bengio, at the One Young World Summit in Montreal, Canada, on Friday, Sept. 20, 2024Famed computer scientist Yoshua Bengio — an artificial intelligence pioneer — has warned of the nascent technology's potential negative effects on society and called for more research to mitigate its risks. Machines could soon have most of the cognitive abilities of humans, he said — artificial general intelligence (AGI) is a type of AI technology that aims to equal or better human intellect. Yoshua Bengio Head of the Montreal Institute for Learning AlgorithmsSuch outcomes are possible within decades, he said. There are arguments to suggest that the way AI machines are currently being trained "would lead to systems that turn against humans," Bengio said. Yoshua Bengio Head of the Montreal Institute for Learning AlgorithmsCompanies developing AI must also be liable for their actions, according to the computer scientist.

Persons: Yoshua Bengio, —, Bengio, CNBC's Tania Bryer, That's, we're, OpenAIhas, It’s, Yoshua, — that's, OpenAI Organizations: Young, Summit, University of Montreal, Montreal Institute, Machines, Intelligence, CNBC, Learning Locations: Montreal, Canada, AGI, U.S, Rwanda, Swiss

☆ I paid $160 to get a French manicure in Paris. The technique wasn't unique, but the long-lasting results impressed me.
▼ + stars: | 2024-11-21 | by ( Gia Yetikyel | ) www.businessinsider.com time to read: +1 min

Gia YetikyelBefore getting into the review, I must admit to committing multiple nail offensives before and during this appointment. Usually, salons offer a grace period for tardiness, but I wasn't sure what timeframe applied to this salon. I arrived with "Je suis désolé" ("I'm sorry") bubbling up my throat and explained, in English, how the traffic delayed me. The second sin was not booking a nail removal with my appointment. Not booking the appropriate services can throw off a nail tech's entire schedule and create delays for future appointments.

Persons: Gia Yetikyel, Maëlle

☆ Want to live a rich life? Start by looking to the affluent.
▼ + stars: | 2024-11-21 | by ( Sponsored Mastercard | ) www.businessinsider.com time to read: +6 min

New Mastercard research shows affluent consumers enjoy optimizing their wallets with "financial gymnastics." While prioritizing experiences and legacy-building, affluent consumers don't accept anything less than the speediest and most convenient payment options. Those based in Asia Pacific tend to go even further, juggling approximately 7.5 payment methods. We see this every day in our work with banks across Asia Pacific: Affluent consumers are no longer motivated by simply accumulating assets. Reliable payment methods free up time that is better spent with loved ones or pursuing passions.

Persons: Sandeep Malhotra, prudently Organizations: Mastercard, Products, Innovation, Insider Studios Locations: Asia Pacific, India, Hong Kong

☆ 5 in-demand jobs that can pay over $100,000 and don't require a bachelor's degree
▼ + stars: | 2024-11-21 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

If you're looking for a career that pays well, doesn't require a bachelor's degree and offers strong job security, you might want to consider a job in the skilled trades. Close to a third (35%) of the fastest-growing jobs in the U.S. are in the skilled trades, with more than 1.5 million new jobs expected between now and 2032, according to the latest numbers from the Bureau of Labor Statistics. "As people continue to search for higher-paying jobs with low barriers to entry, blue-collar jobs have had a resurgence in interest — especially among Gen Z," he added. Though many blue-collar jobs don't require a four-year degree, most roles require certifications, licensing and, in some cases, extensive on-the-job training. Here are five in-demand jobs in the skilled trades that pay over $100,000 and don't require a bachelor's degree, according to data from Resume Genius and the Bureau of Labor Statistics:

Persons: Nathan Soto, Gen Organizations: McKinsey & Co, Labor, Bureau of Labor Statistics, CNBC Locations: U.S

☆ Florence Pugh shares why she froze her eggs at 27
▼ + stars: | 2024-11-21 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

CNN —Hollywood star Florence Pugh has revealed that a surprise diagnosis led her to have her eggs frozen aged 27. Pugh said she booked the initial appointment after “a few weird dreams” made her think she should be checked out. It’s estimated to affect more than 11% of women between the ages of 15 and 44 across the United States. “And I feel like this is such a simple conversation that we should be having when we start our periods, or when we start having sex. It really, really should not take this long for someone to find out about this diagnosis that they have no idea what it is.”CNN’s Jacqueline Howard and Kristen Rogers have contributed to this report.

Persons: Florence Pugh, Pugh, “ Oppenheimer, ”, “, influencer Mary Alice Haney, Thaïs Aliabadi, Aliabadi, she’d, PCOS, ” Pugh, I’ve, Eunice Kennedy, they’ve, ” CNN’s Jacqueline Howard, Kristen Rogers Organizations: CNN, Hollywood, Telltale, National, of Child Health, Human, World Health Organization Locations: British, United States

☆ Google's DeepMind and YouTube built and shelved 'Orca,' a 'mind-blowing' music AI tool that hit a copyright snag
▼ + stars: | 2024-11-21 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

AdvertisementGoogle's DeepMind and YouTube previously built and shelved Orca, an AI music tool. Orca could generate music mimicking artists. Google trained it on copyrighted YouTube music videos. In November 2023, DeepMind announced a music generation AI model named Lyria, which was a pared-down version of the Orca project. AdvertisementSome employees who worked on Lyria and Orca left to found a new startup named Udio, which makes an AI music creation app.

Persons: Lizzie Widhelm, Taylor Swift, Orca, OpenAI, DeepMind, John Legend — Organizations: YouTube, Google

☆ Atlas of cells offers a milestone leap in understanding of the human body
▼ + stars: | 2024-11-21 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

New research based on the findings, published in several papers Wednesday in Nature and its sister journals, represents a “leap in understanding of the human body,” according to the Human Cell Atlas consortium. Regev compared scientific knowledge of cell biology before the Human Cell Atlas initiative with a “15th century map.”“Now, years later, the resolution of the map is a lot higher,” she said. The cell atlas aims to fill in a missing link between genes, diseases and treatment therapies. During the Covid-19 pandemic, the Human Cell Atlas community used the available data to reveal that the nose, eyes and mouth were most vulnerable to infection. “It was only clear through the Human Cell Atlas data that those cells were … entry points before the virus continued into the internal organs.

Persons: —, ”, Aviv, Daniel Montoro “, we’ve, Regev, “, Sarah Teichmann, Ken, Blain, Robert Hooke, ” Teichmann, Jeremy Farrar, ” Farrar Organizations: CNN, Human Cell Atlas, Genome, Cell, Google, Human, Human Cell, Cambridge Stem Cell, UK’s University of Cambridge, Wellcome Sanger Institute, Institut, la Vision, HCL, Lyon, World Health Organization Locations: Nature, Genentech, South San Francisco , California, Cambridge, England, Paris, Lyon English

☆ 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

☆ Amelia Earhart: Sonar imagery resembling missing plane was a rock formation
▼ + stars: | 2024-11-21 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

After returning to the site on November 1, Deep Sea Vision — an ocean exploration company based in Charleston, South Carolina, that captured the original sonar image — has identified the object to be a natural rock formation. The hunt for Earhart’s plane continuesThe rock formation was more than 16,000 feet (4,877 meters) underwater. The team sent out the AUV directly above the site in early November, producing a high-resolution image of the rock formation. After the anxious wait, the image surprisingly revealed that the object was a natural rock formation, he said. When Deep Sea Vision first announced the anomaly, Jourdan cautioned against using sonar imagery to identify anything on the seafloor.

Persons: Amelia Earhart, Earhart, Electra, ”, Tony Romeo, “, ” Romeo, Romeo, shouldn’t, Nauticos, David Jourdan, Jourdan, ” Jourdan, ” Amelia Earhart, Fred Noonan, Dorothy Cochrane, Cochrane Organizations: CNN, Lockheed, US Air Force, Vision, Smithsonian National Air and Space Museum Locations: Charleston , South Carolina, Kennebunkport , Maine, Lae, Papua New Guinea, Howland

☆ Jensen Huang says the 3 elements of AI scaling are all advancing. Nvidia's Blackwell demand will prove it.
▼ + stars: | 2024-11-21 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +2 min

AdvertisementReports on an AI progress slowdown raised concerns about model scaling on Nvidia's earnings call. An analyst questioned if models are plateauing and if Nvidia's Blackwell chips could help. And could the power of Nvidia's Blackwell chips start it up again? Pre-training, post-training improvements, and new reasoning strategies all improve models, Huang said. The company said commercial shipments of Blackwell chips are just beginning.

Persons: Nvidia's Blackwell, Huang, Jensen Huang isn't, OpenAI's, Blackwell, Hopper Organizations: Nvidia, Blackwell

☆ Japan’s ‘love hotels’: Delving beneath the surreal facades of UFOs, boats and castles
▼ + stars: | 2024-11-21 | by ( Oscar Holland | ) edition.cnn.com time to read: +7 min

“And many, many of them are castles,” he added of the facades of around 200 love hotels captured in his new photography series. The kind of distinctive architecture Prost documented, however, emerged in the 1960s and 1970s, as the establishments became more upmarket. Considered one of the first modern love hotels, Osaka's Hotel Love opened in 1968. Francois ProstOne of the most famous 1970s love hotels, the Meguro Emperor, was designed to resemble a European castle. A neon-lit love hotel in the city of Numazu.

Persons: François Prost, ”, Prost, Francois Prost, they’re, Francois Prost Prost, Francois Prost One, ” Prost, Kiss, Francois Prost The, Mark D, West, Francois Prost He’s, “ Organizations: CNN, Everyday, ” Locations: France, Chiba, ”, Honshu, Shikoku, Tokyo, Hamamatsu, Okayama, Japan, Okayama —, Himeji, Everyday Japan, South Korea, Thailand, Shibuya, United States, Numazu, Spain, Ivory Coast

☆ Meet 16 startups taking AI innovation to the next level with Twilio
▼ + stars: | 2024-11-21 | by ( Sponsored Twilio | ) www.businessinsider.com time to read: +8 min

These honorees showcase how AI-powered solutions married with Twilio can solve business challenges and revolutionize customer interactions across diverse industries and regions. AlpharunAlpharunAlpharun is an AI phone interview platform that accelerates screening for high-volume hiring teams by integrating Twilio's messaging, voice, IVR, and SIP Trunking. By integrating products like SMS, Voice, IVR, and 2FA, they ensure seamless, secure, multi-channel support that moves beyond static chatbots. Utilizing Twilio's SIP Trunking, IVR, and Voice APIs, their conversational AI encourages screenings. GoodCall boosts productivity and streamlines customer interactions, using Twilio's SMS, Voice, IVR, Email, and security tools to enhance multi-channel communication and reliability.

Persons: Twilio, Alice, Jordan, Alpharun, Althea, Althea Health Althea Health, Elythea, GAIL LULA, GAIL, Olivia, Storii, Symbl.ai Organizations: Trunking, Althea Health, Voice, Inc, Financial Services, meiti, GmbH, SMS, Insider Studios Locations: North America, America

☆ 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

By the end of the day, Trump had announced a new pick for attorney general: Pam Bondi, the former attorney general of Florida. One by one, the senator wanted to know who had told Gaetz “yes” they were with him. After being asked for comment for CNN’s story, Gaetz announced his withdrawal as Trump’s nominee for attorney general. “I greatly appreciate the recent efforts of Matt Gaetz in seeking approval to be Attorney General. Some lawmakers have already asked the parliamentarian to weigh in and clear up the confusion, one source told CNN.

Persons: JD Vance, Matt Gaetz, they’d, Vance, “, Donald Trump, Trump, Gaetz, Gaetz —, he’d, Department —, ” Gaetz, Pam Bondi, Gaetz’s, Republican Sen, Kevin Cramer of North, ” Cramer, wouldn’t, ’, Trump’s, Gaetz couldn’t, Matt, ” Trump, Karoline Leavitt, Pete Hegseth, Robert F, Kennedy Jr, Kevin McCarthy, Kentucky Sen, Mitch McConnell, Maine Sen, Susan Collins, Oklahoma Sen, Markwayne Mullin, Dakota Sen, Mike Rounds, “ I’m, Rounds, ” Sen, Roger Wicker, Cynthia Lummis, Florida Sen, Rick Scott, ”, Will Gaetz, preemptively, Michael Guest, , CNN’s Kaitlan Collins Organizations: CNN, Capitol, Senate, Trump, Department, DOJ, Republican, GOP, Republicans, Justice Department, Administration, “, Department of Justice, Fox News, Defense Department, Department of Health, Human Services, Hill, Oklahoma, Mississippi Republican, Wyoming Republican, Democrats Locations: Florida, Washington, Kevin Cramer of North Dakota, Gaetz, Kentucky, Maine, Dakota, Mississippi, Wyoming

☆ Goldman says this pharma stock can rally nearly 70% thanks to key cancer treatment
▼ + stars: | 2024-11-21 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Goldman Sachs sees big gains ahead for Merus on the back of the company's cancer treatment. The firm initiated coverage of the cancer therapeutics stock with a buy rating on Wednesday, alongside a $73 per share price target. Law said the antibody has already shown promising results and can be a key growth driver for the stock moving forward. MRUS YTD mountain Merus stock. Merus stock has advanced more than 56% already in 2024.

Persons: Goldman Sachs, Richard Law, Law, peto Organizations: Merus

☆ Why it’s important to keep exercising in cold weather, according to a doctor
▼ + stars: | 2024-11-21 | by ( Katia Hetter | ) edition.cnn.com time to read: +7 min

The weather is getting chilly in many parts of the Northern Hemisphere, but but cold weather doesn’t mean that you have to stop your exercise routines. According to one recent study, people who achieved this amount of exercise per week had a 31% lower risk of mortality, 27% lower risk of developing cardiovascular disease, and 12% lower risk of developing cancer compared with inactive participants. Importantly, those who achieved just half this amount (75 minutes per week) also had substantial health benefits, with a 23% lower risk of early death, a 17% lower risk of developing cardiovascular disease, and 7% lower risk of developing cancer. Are you someone used to cold weather exercise, or are you trying it for the first time? On very cold days, and especially if you are not used to cold weather exercise, go with someone else.

Persons: Leana Wen, Wen, Jordan, it’s Organizations: CNN, CNN’s, Northern, George Washington University, US Centers for Disease Control, —, Jordan Siemens, Stone, Getty

☆ Trump wants the power to single-handedly choke off government spending. Lawmakers aren't sweating it yet.
▼ + stars: | 2024-11-21 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

AdvertisementTrump wants the power to refuse to spend federal dollars that Congress has already approved. Impoundment has been floated as one way that Trump could singlehandedly enact DOGE's recommended cuts to the federal budget. Meanwhile, lawmakers on Capitol Hill — including those on the House and Senate Appropriations Committees that control government spending — don't seem concerned about Trump's impoundment power grab just yet. He added that there "would be a problem" if Trump tried to impound funding approved by both chambers of Congress. AdvertisementWhat Trump could do with such sweeping powersEven if Congress won't grant Trump impoundment powers, he has another potentially more attractive avenue — the courts.

Persons: He's, Nixon, Elon Musk, Vivek Ramaswamy, Donald Trump, doesn't, it's, Richard Nixon, Trump, DOGE's, Republican Sen, Shelly Moore Capito, haven't, I've, Robert Aderholt, Rosa DeLauro, Mark Amodei, Joe Morelle, appropriators aren't, Tom Cole of Oklahoma, Mark Paoletta, there's, Daniel Schuman, Schuman, shouldn't, Vance, Karoline Leavitt Organizations: Trump, Congress, Department of Government, Capitol, Committees, Republican, West Virginia, Alabama, Democrats, Republicans, Senate, tinker, Nevada Republican, Democratic, GOP, The Washington, Trump administration's Office, Management, American Governance Institute Locations: West, Connecticut, Nevada, New York

☆ Sam Altman says there was a 'simple' reason OpenAI ditched the nonprofit approach
▼ + stars: | 2024-11-21 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

AdvertisementOpenAI shifted away from being a nonprofit to attract more capital, says CEO Sam Altman. OpenAI needed more funding to scale its AI research efforts, he said in a recent interview. OpenAI's $6.6 billion funding round came with some strings attached: it has 2 years to become a for-profit entity. Altman said that scaling its AI models was a major factor in OpenAI's eventual move toward a profit system. Scaling AI models and providing the data centers and chips necessary to train them to be smarter than the previous interaction is highly expensive.

Persons: OpenAI, Sam Altman, Elon Musk, Altman, OpenAI's, — Organizations: Harvard Business School, Harvard

☆ First close-up image of a star beyond our galaxy may reveal impending supernova
▼ + stars: | 2024-11-21 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

The star, known as WOH G64, is 160,000 light-years from Earth in the Large Magellanic Cloud, a small neighboring galaxy that orbits the Milky Way. Van Loon has observed WOH G64 since the 1990s and studied it as a student at the European Southern Observatory. The Hubble Space Telescope soon revealed it had indeed been a red supergiant in the past, perhaps 20,000 years before the explosion. “If this is what we are seeing (WOH G64) doing, then a spectacle awaits us soon,” van Loon said. It’s nowhere near as bright or variable as WOH G64, van Loon said, and only experienced a brief hiccup compared with what WOH G64 is undergoing.

Persons: ”, Keiichi Ohnaka, Jacco van, UK’s Keele University . Van Loon, van Loon, Gerd Weigelt, Max Planck, It’s, Edward Guinan, Guinan, “, ” van Loon, Ohnaka Organizations: CNN —, Southern, Astrophysics, “, Andrés Bello National University, Keele Observatory, UK’s Keele University . Van, European Southern Observatory, Max, Max Planck Institute for Radio Astronomy, Villanova University in, Hubble Locations: Atacama, Chile, Jacco van Loon, Bonn, Germany, Villanova University in Pennsylvania

☆ Williams-Sonoma says rivals who lean into discounts are training shoppers to 'wait for that promotion'
▼ + stars: | 2024-11-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

AdvertisementSome retailers are offering discounts and sales to win over inflation-weary shoppers. Discounts encourage shoppers to put off purchases, Laura Alber said. Many retailers are trying to lure in budget-conscious shoppers with discounts and other markdowns. Instead, Alber said that Williams-Sonoma has focused on getting shoppers to come back by offering consistent prices and quality items. Alber said on the company's earnings call that it wants to offer "approachable prices with great quality."

Persons: Laura Alber, Williams, Alber, CNBC's Jim Cramer Organizations: Williams, Sonoma, Walmart Locations: Sonoma

Learn moreFor those in the market for a new hair dryer, the Dyson Supersonic hair dryer in Prussian Blue/Rich Copper is on sale for $329, $100 off its original price before its official Black Friday deal kicks off Sunday, November 24th. The Supersonic hair dryer is also one of the few tools we've tested that lives up to the hype. What we love about the Dyson SupersonicWhile the Dyson Supersonic may be pricey, it's the best hair dryer out there for perfectly silky, shiny hair every time. In her review of the Dyson Supersonic, Remi Rosmarin said she'd "never dried my hair faster than with the Dyson Supersonic. Black Friday Dyson Supersonic FAQsWhen does the Dyson sale start and end?

Persons: Dyson, Remi Rosmarin, she'd Organizations: Business

☆ Bank of America raises Netflix price target to $1,000 on Tyson/Paul fight viewership
▼ + stars: | 2024-11-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Two catalysts may send shares of Netflix even higher in the months ahead, according to Bank of America. Analyst Jessica Reif Ehrlich reiterated her buy rating on Netflix and hiked her price target by $200 to $1,000, implying more than 13% upside from Wednesday's close. "Live and advertising are complementary growth drivers, as more live programming drives additional high value, premium ad inventory," Reif Ehrlich added. "Netflix's ability to monetize this premium live inventory will be key to making advertising a multi-year growth driver." Still, Netflix has an average price target of $787, implying about 11% downside from Wednesday's close.

Persons: Jessica Reif Ehrlich, Reif Ehrlich, Mike Tyson, Jake Paul –, Beyoncé –, ann Organizations: Netflix, Bank of America, Broadcasting

The stock market has always pulled back when valuations are stretched as they are now, according to Deutsche Bank macro strategist Henry Allen in a note to clients this week. "[T]urning points can happen quickly, and … when valuations are stretched to start with, there can be limited scope for further gains," Allen noted. "[E]xamples of high returns through history have often been followed by sizeable reversals." The bank cited lofty current readings in the Cyclically Adjusted Price-to-Earnings (CAPE) ratio developed by economist Robert Shiller, arguing that "the CAPE ratio for the S&P 500 has only been higher on two other occasions in the last century" than it is today. "Indeed, on both the occasions the CAPE ratio has got as high as it is today, there was then a significant correction."

Persons: Henry Allen, Allen, Robert Shiller, — Scott Schnipper Organizations: Deutsche Bank

☆ HSBC names 3 'underappreciated' Asian stocks to watch in 2025 — giving one 63% upside potential
▼ + stars: | 2024-11-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Meituan HSBC is bullish on Meituan and has a target price of 220 Hong Kong dollars ($28.30) on the stock, giving it 25.8% upside potential. "Despite the macro challenges, Meituan's growth profile remains resilient," said Charlene Liu, HSBC Global Research's head of internet and gaming research for Asia-Pacific. Calling it a "best-in-class small-cap" idea, HSBC Global Research's India health-care analyst Damayanti Kerai believes it is "well positioned to sustain healthy growth." Kia's shares have been on an uptrend, gaining around 8% in the last five days. HSBC has a target price of 160,000 Korean Won ($114.80) on the stock, implying nearly 63.1% upside potential.

Persons: Charlene Liu, Liu, Damayanti Kerai, Kerai, Will Cho, Cho, — CNBC's Michael Bloom Organizations: HSBC, Hong, HSBC Global Research's, Morningstar, Hong Kong Exchange, Krishna, Medical Sciences, Bombay Stock Exchanges, Kia, Korea Exchange, Won Locations: Asia, Hong Kong, U.S, HSBC Global Research's India, Korean, HSBC Global Research's Korea, EU

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