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☆ Tesla vs. BYD: Market pros pick their favorite electric vehicle giant
▼ + stars: | 2023-03-17 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Tesla has long been an investor favorite for exposure to the electric vehicle transition, but not everyone is convinced. Berkshire Hathaway-backed BYD , for example, is often touted as a better bet than Tesla. BYD is so much ahead of Tesla in China ... it's almost ridiculous," Charlie Munger, vice-chairman of Berkshire Hathaway, said last month . "Long term, Tesla is not a car company and that's the difference. 'Take profit' in Tesla Wall Street veteran David Trainer has a more bearish view, however, as he urged investors to "take profit" in Tesla.

☆ Trump allies attack DeSantis with campaign ethics complaint
▼ + stars: | 2023-03-15 | by ( Nathan Layne | ) www.reuters.com time to read: +3 min

While the super PAC publicized the complaint, the ethics commission told Reuters it had not yet received it. If wrongdoing is found, typical penalties include a fine or public censure, said Lynn Blais, a spokesperson for the ethics commission. Taryn Fensk, DeSantis' communications director, called the complaint the latest "frivolous and politically motivated" attack on the governor. "It's inappropriate to use state ethics complaints for partisan purposes," she said in a statement. Political strategists described the ethics complaint as the latest attempt by Trump to undermine his rival.

☆ Saudi-Iran detente: a setback for Israel and wake-up call on US ties
▼ + stars: | 2023-03-12 | by ( Dan Williams | ) www.reuters.com time to read: +5 min

An Israeli official who requested anonymity described the detente as an unsurprising and preliminary process that should not hinder any parallel progress toward normalisation between Israel and Saudi Arabia. WAKE-UP CALLAmos Yadlin, a former military intelligence chief under Netanyahu, said the Saudi-Iran detente should be a wake-up call. Saudi Arabia remained aware of the key U.S. role in the region and of the value of bilateral ties with Israel, he said. Saudi Arabia has linked any move by the kingdom to normalise ties with Israel to a resolution of Palestinian statehood goals. For its part, the White House appeared to downplay China's involvement in Friday's development.

WASHINGTON/NEW YORK, March 11 (Reuters) - The rapid unraveling of SVB Financial Group (SIVB.O) has blindsided the banking industry after years of stability. Investors and customers now face a nervous wait to see if SVB bank finds a buyer quickly. During the 2008 financial crisis, Washington Mutual found a buyer immediately. One area of particular focus could be larger regional banks, which saw some rule relief under the Trump administration. U.S. banking regulators said in October they were considering new requirements on large regional banks, including holding more long-term debt to weather losses.

☆ Tesla a 'screaming buy' or bellwether for zombie stocks? The bulls and bears state their case
▼ + stars: | 2023-03-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Tesla's stock closed at $193.81 on Monday — 49.2% off its 52-week high, compared to an average drop of 18% among its peers, according to FactSet. Over the year so far, Tesla shares are up around 57%, but looking ahead, analysts are divided on the company's prospects. The bears: 'Bellwether' for zombie stocks Apart from the recent price cuts, Tesla has hinted at a cheap, next-generation model that would cost $25,000. David Trainer, CEO of investment research firm New Constructs, said that it's "nosebleed high because the cash flow expectations baked into the stock price are unreasonably optimistic." And you look at the relative growth to large cap tech companies and it's a screaming buy," he said.

☆ Club holding Meta is likely to be a winner in the nascent generative AI battle
▼ + stars: | 2023-03-01 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Meta Platforms (META) is muscling its way into a heated AI arms race just as competitors Microsoft (MSFT) and Alphabet (GOOGL) are making big strides. Generative AI encompasses a set of machine learning techniques that allow computers to generate text, images and other media in response to human queries. The Facebook parent's generative AI capabilities are competitive, according to Mark Zgutowicz, a research analyst at Benchmark. META 1Y mountain Meta Platforms (META) one-year performance. We also expect Meta to benefit from it's partnership with Club holding Nvidia (NVDA), whose semiconductors and related software are integral to the generative AI field.

☆ NBA roundup: Damian Lillard erupts for 71 in Blazers' win
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +7 min

Jerami Grant added 13 points and Nassir Little scored 11 for Portland, which connected on 54.5 percent of its field goal attempts and was 20 of 39 from 3-point range. Doncic scored 26 points with nine rebounds, while Irving had 21 points and 11 assists. Ayton also grabbed a team-high 11 rebounds and blocked three shots. Nikola Vucevic added 16 points and 13 rebounds for his 39th double-double of the season, third most in the NBA. Jakob Poeltl added 13 points and nine rebounds for the Raptors, who were coming off a win over the host Detroit Pistons on Saturday.

☆ Explainer: What is the Good Friday Agreement and when was it signed?
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +6 min

Feb 23 (Reuters) - The Good Friday Agreement largely ended the "Troubles", three decades of violence that had racked Northern Ireland since the late 1960s. It was signed on April 10, 1998 - which fell that year on Good Friday in the Christian Easter holiday. The deal was formally two interlinked agreements: a treaty between the British and Irish governments and an agreement between the Northern Irish parties. "North-south" bodies were created to encourage cooperation between Northern Ireland and Ireland, while "east-west" institutions linked Britain and Ireland. Overall, Northern Ireland has enjoyed peace for much of the 25 years since the agreement was signed, with only a small number of splinter groups involved in sporadic attacks.

☆ Top Wall Street analysts are bullish on these 5 stocks
▼ + stars: | 2023-02-19 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performances. Santarelli also noted that the stock's valuation is reasonable, as the company is still in the early stages of the Macao recovery cycle. (See Wynn Blogger Opinions & Sentiment on TipRanks) Santarelli's recommendation is worthy of consideration as he ranks 26th among more than 8,000 analysts tracked by TipRanks. (See CMG Insider Trading Activity on TipRanks)Meta PlatformsSocial media behemoth Meta Platforms (META) is next on our list. Moskowitz holds the 236th position among more than 8,000 analysts on TipRanks.

☆ Here's how Wall Street pros traded 13 Club stocks last quarter, including Salesforce and Disney
▼ + stars: | 2023-02-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Big-name investors and hedge funds made moves in Club holdings Disney (DIS), Nvidia (NVDA) and TJX Companies (TJX) in the fourth quarter. Starboard's position stood at 3.03 million shares — valued at $401.22 million — at the end of the fourth quarter, according to the firm's 13F. Inclusive's 1.63 million shares were worth $216.77 million and ValueAct's 560,221 shares carried a market value of $74.28 million. CRM YTD mountain Salesforce (CRM) YTD performance In addition to Salesforce, a number of other Club holdings appeared in hedge funds' quarterly disclosures. Some of the activists swarming at Salesforce have positions in other Club holdings and made changes to them during the fourth quarter.

☆ Disney clash with activist Peltz will have sequel
▼ + stars: | 2023-02-16 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +7 min

NEW YORK, Feb 16 (Reuters Breakingviews) - Activist investor Nelson Peltz often plays a long game. Disney Chief Executive Bob Iger unveiled $5.5 billion of cost cuts last week when the $200 billion theme-parks-to-streaming company released fourth-quarter earnings. "The proxy fight is over,” a spokesperson for his outfit Trian Fund Management told Reuters. Could Peltz still end up on the Disney board? "The proxy fight is over.

☆ David Tepper's Appaloosa buys stakes in Disney, Caesar's Entertainment
▼ + stars: | 2023-02-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Billionaire hedge fund manager David Tepper built stakes in two large entertainment companies in the fourth quarter, according to securities filings . Tepper's Appaloosa Management bought 300,000 shares of Disney and 425,000 shares of Caesar's Entertainment during the fourth quarter. Those stakes were worth roughly $26.1 million and $17.7 million, respectively, at the end of December. Elsewhere in the portfolio, Tepper added to his stake in hospital chain HCA Healthcare while trimming his position in Facebook-parent Meta Platforms . It is unclear whether Tepper bought Disney shares before or after Bob Iger returned as CEO in November.

☆ Six Raleigh, N.C., Police Officers Put on Leave After In-Custody Death
▼ + stars: | 2023-02-12 | by ( Arian Campo-Flores | ) www.wsj.com time to read: 1 min

The Raleigh, N.C., police department placed six officers on administrative leave in connection with the January arrest of a Black man who died in police custody after officers used a Taser on him, according to a memo and body-camera footage released by the department. Darryl Tyree Williams, 32 years old, was approached by police while in a parked car with a passenger late at night, according to a memo with a preliminary report of the incident written by Raleigh Police Chief Estella D. Patterson to Raleigh City Manager Marchell Adams-David that was reviewed by The Wall Street Journal. Body-camera footage shows that while detained and scuffling with police, he told them he had heart problems. After officers used a Taser on him at least three times, he became unresponsive and was pronounced dead at a hospital later that night, according to the memo.

☆ ChatGPT could be a Stanford medical student, a lawyer, or a financial analyst. Here's a list of advanced exams the AI bot has passed so far.
▼ + stars: | 2023-02-11 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Wharton MBA examChatGPT would have received a B or B- on a Wharton exam, according to a professor at the business school. Terwiesch concluded that the bot did an "amazing job" answering basic operations questions based on case studies, which are focused examinations of a person, group, or company, and a common way business schools teach students. In other instances though, ChatGPT made simple mistakes in calculations that Terwiesch thought only required 6th-grade-level math. Terwiesch also noted that the bot had issues with more complex questions that required an understanding of how multiple inputs and outputs worked together. Ultimately, Terwiesch said the bot would receive an B or B- on the exam.

While the UK as a whole voted to leave the EU in the 2016 Brexit referendum, Northern Ireland voted 56% to 44% to remain. But if there is no agreement unionists can support, Northern Ireland will continue to have no functioning political institutions, he said, "and I don't think that is an outcome that anybody really wants". "If the choice is Sinn Fein rule or even imperfect British rule I would certainly take British rule before I would take Sinn Fein rule," said TUV leader Jim Allister. Completing the intense pressure Donaldson is under from all sides as the defining moment of his leadership nears is the more liberal Ulster Unionist Party, ready to cast itself as the unionist party of pragmatism if the DUP's boycott escalates. What will ultimately protect Northern Ireland's place in the United Kingdom is if Northern Ireland works."

☆ Burt Bacharach, legendary composer of pop songs, dies at 94
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: +10 min

Bacharach was both an innovator and throwback, and his career seemed to run parallel to the rock era. He was an eight-time Grammy winner, a prize-winning Broadway composer for "Promises, Promises" and a three-time Oscar winner. Fellow songwriter Sammy Cahn liked to joke that the smiling, wavy-haired Bacharach was the first composer he ever knew who didn't look like a dentist. Bacharach was essentially a pop composer, but his songs became hits for country artists (Marty Robbins), rhythm and blues performers (Chuck Jackson), soul (Franklin, Luther Vandross) and synth-pop (Naked Eyes). He's everybody's composer ... Burt Bacharach!"

Chicago prosecutors alleged that Girardi misappropriated more than $3 million in client funds owed to families of the victims of the 2018 Boeing (BA.N) 737 MAX Lion Air Flight 610 crash in Indonesia. Christopher Kamon, the former chief financial officer of Girardi's now-defunct law firm Girardi Keese, was also charged in the Chicago and Los Angeles cases. Girardi's son-in-law, David Lira, who worked at the firm, was charged with wire fraud and criminal contempt of court by the Chicago prosecutors. The California Supreme Court disbarred Girardi in June in connection with his alleged conduct in the Lion Air case. Kamon was separately charged with wire fraud in November for allegedly embezzling $10 million from the defunct Girardi Keese firm.

☆ 2022's stock losers are this year's winners so far
▼ + stars: | 2023-01-30 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

But it’s still been a solid start to the year for the market — and many of last year’s losers have led the way on Wall Street so far in January. Discovery, which plunged nearly 60% last year, has surged 55% so far in 2023 and is the best performer in the S&P 500. Rising market tide lifting questionable boatsStill, some investors are worried this year’s market rally is eerily reminiscent of prior market bubbles. GameStop (GME) is up nearly 25%. “Most investors don’t realize the Fed has to fight the inflation in the stock market, too,” Trainer added.

☆ Tyre Nichols video showed how ‘culture of policing’ and ‘ancient’ procedures were on display, ex-officers say
▼ + stars: | 2023-01-28 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +8 min

Memphis authorities on Friday released videos from multiple vantage points showing the aftermath of the traffic stop. Five Memphis police officers were fired and charged with second-degree murder, and other crimes, including aggravated assault and kidnapping. Georgetown Law professor and NBC News legal analyst Paul Butler appeared on MSNBC Saturday to discuss the release of the Nichols video. Video shows Nichols escaped while on the ground and an officer shot a stun gun at him. “The bottom line is there were sufficient number of officers to do as such and to get him corralled and handcuffed at that traffic stop.

☆ I moved to New York from the UK to marry my partner using a K-1 visa. The process was so difficult that we had to sue the government.
▼ + stars: | 2023-01-28 | by ( Dan Gooding | ) www.businessinsider.com time to read: +6 min

Gooding decided to move to New York, so he married David. They applied for a K-1 visa. I fell in love with him and New York City. We submitted our K-1 visa application the day before the city's COVID-19 lockdown hit. First, the US fiancé applies for the K-1 visa on their international partner's behalf.

☆ ChatGPT is on its way to becoming a virtual doctor, lawyer, and business analyst. Here's a list of advanced exams the AI bot has passed so far.
▼ + stars: | 2023-01-26 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Wharton MBA ExamChatGPT would have received a B or B- on a Wharton exam, according to a professor at the business school. Terwiesch concluded that the bot did an "amazing job" answering basic operations questions based on case studies, which are focused examinations of a person, group, or company, and a common way business schools teach students. In other instances though, ChatGPT made simple mistakes in calculations that Terwiesch thought only required 6th-grade-level math. Terwiesch also noted that the bot had issues with more complex questions that required an understanding of how multiple inputs and outputs worked together. Ultimately, Terwiesch said the bot would receive an B or B- on the exam.

☆ Companies Tap Tech Behind ChatGPT to Make Customer-Service Chatbots Smarter
▼ + stars: | 2023-01-24 | by ( Katie Deighton | ) www.wsj.com time to read: +7 min

Businesses hope the artificial-intelligence technology behind ChatGPT can turn ordinary chatbots into impressive fonts of information, potentially transforming customer service. But customer-experience executives said overreliance on such AI models could lead to companies dishing out incorrect information to customers online without knowing they are doing so. Some executives hope the technology that drives ChatGPT might also improve customer-service chatbots. But companies should exercise care when dealing with the new AI, Mr. Truog said. Nice is also working on building OpenAI’s language models into chatbots, Mr. Willcutts said, adding that the company plans to run more tests and fine-tune more models before selling its own take on ChatGPT to clients.

☆ Former Tottenham defender Walkes dies aged 25
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +1 min

[1/3] Jul 9, 2022; Charlotte, North Carolina, USA; Charlotte FC defender Anton Walkes (5) with the ball in the first half at Bank of America Stadium. Mandatory Credit: Bob Donnan-USA TODAY SportsJan 19 (Reuters) - English defender and Charlotte FC player Anton Walkes has died at the age of 25, the Major League Soccer club said on Thursday. Walkes died after being in a boating accident on waters in Miami on Wednesday as the club had arrived in Florida to begin a training camp for the pre-season, according to local media. Walkes later had successful spells at Portsmouth and Atlanta United before moving to Charlotte in 2022. "He will be greatly missed by many, and our thoughts and prayers are with Anton's family during this heartbreaking time."

☆ The bull case for McDonald's and Yum Brands
▼ + stars: | 2023-01-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bull case for McDonald's and Yum BrandsBaird’s David Tarantino and Wedbush’s Nick Setyan, join 'Power Lunch' to make the bull case for McDonald’s and Yum Brands.

☆ QAnon influencer who accused Democrats of pedophilia was himself convicted of abusing 8-year-old boy in 1999
▼ + stars: | 2023-01-10 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

A clip shows a QAnon influencer being confronted over a past child-abuse conviction. The clip is from HBO Max documentary "This Place Rules." The belief that elite Hollywood figures and Democrats covertly run child abuse rings is one of the core claims of QAnon, the sprawling online conspiracy theory movement that Todeschini has promoted. "Do you feel like maybe you're projecting by …" said Callaghan, before Todeschini jumps back in to say: "No, I'm not projecting." "This Place Rules" explores the undercurrents that resulted in the Jan. 6, 2021 attack on the Capitol, and is being streamed on HBO Max.

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