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REUTERS/Brendan McDermid Acquire Licensing RightsLONDON, Sept 8 (Reuters) - Rising U.S. business bankruptcies may raise a red flag in what otherwise appears like an economy now impervious to rising interest rates. Commenting on the numbers, insolvency research organisation ABI blamed elevated interest rates, price inflation and a resumption of student loan payments as just some of the headwinds causing stress. That partly mirrors some of built-in household resilience to rising rates related to long-term fixed-rate borrowings and still-high cash savings that now earn significantly higher rates of interest now too. And that 10% - accounting for more than 60% of index market cap - had seen no rise in net interest payments so far in the Fed campaign. But creeping insolvencies among the smaller firms - many of whom have been dubbed 'zombies' for years due to their survival solely on low interest rates - may be a better reflection of what's starting to happen at the coalface of the economy.

Persons: Brendan McDermid, Albert Edwards, Edwards, Andrew Lapthorne, Russell, NFIB, Mike Dolan, Josie Kao Organizations: New York Stock Exchange, REUTERS, Yellow Corp, P Global Market Intelligence, Reuters, Societe Generale, Fed, National Federation of Independent Business, Reuters Graphics Reuters, Thomson Locations: New York City, U.S, midyear

☆ Elon Musk issued so many orders after taking over Twitter that staff made him sign some off in case he forgot, report says
▼ + stars: | 2023-09-07 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Elon Musk made so many requests at Twitter that staff asked him to sign some off, The Wall Street Journal reported. Employees feared Musk would forget all the orders he'd issued, per the Journal. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Musk also ended the platform's "blue tick" verification and replaced it with a subscription service called X Blue, formerly Twitter Blue . He reinstated Ye's account after the rapper contacted Musk personally, The Wall Street Journal reported .

Persons: Elon Musk, he'd, Musk, Linda Yaccarino, Joe Biden's, Marc Andreesen, Kanye West, Donald Trump Organizations: Twitter, Street Journal, Employees, Service, Super Bowl, Kanye Locations: Wall, Silicon

The Federal Reserve’s survey of economic activity released Wednesday showed an economy that was expanding at a modest pace in the summer but facing the challenge of a tapped-out consumer and a slowing labor market. There is less unanimity about what the Fed will do after that, at its November meeting. Services inflation is still sticky, the economy may be growing faster than the Fed would like and the Chinese economy is in a slowdown. “Fed Governor Christopher Waller told CNBC yesterday that recent labor market data, including a decline in job openings, moderating wage increases, and slower job growth in August are encouraging,” said Jose Torres, senior economist at Interactive Brokers. Having said that, he left the door open for another rate hike because he doesn’t think one more would weaken economic growth significantly given risks remain tilted towards not doing enough.”

Persons: ”, “, ” Rhys Williams, Williams, Christopher Waller, Jose Torres Organizations: CPI, Management, Reserve, Dow Jones, “, CNBC, Interactive Locations: “, Saudi Arabia, Russia

☆ Morning Bid: Restive markets simmer after oil sideswipe
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2023. That's a moment in the whole disinflation story as it virtually wipes out the negative annual base effect so powerful this year in helping drag headline inflation rates back down. The more complicated inflation picture comes against the week's downbeat business surveys from Europe and Japan. That take was reinforced overnight by a New York Fed study that suggested the theoretical 'neutral' interest rate keeping the economy at equilibrium continued to fall in the second quarter. The energy picture saw Asia and European bourses in the red again, with Japan's Nikkei (.N225) bucking the trend.

Persons: Brendan McDermid, Mike Dolan Roiled, Lorie Logan, Susan Collins, Mike Dolan, John Stonestreet Organizations: New York Stock Exchange, REUTERS, Treasury, Bank of Canada, New, New York Fed, NY, Japan's Nikkei, Dallas Federal, Boston Fed, Reuters Graphics Reuters, Thomson, Reuters Locations: New York City, U.S, Saudi Arabia, Russia, That's, Europe, Japan . U.S, New York, Asia, European, Canada

☆ US stocks trade mostly lower as jump in oil prices reignites inflation fears
▼ + stars: | 2023-09-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks traded mostly lower on Tuesday as a spike in oil prices reignited inflation fears. If inflation reaccelerates, it could force the Federal Reserve to continue with its interest rate hikes. Fed Governor Chris Waller said recent economic data suggests the Fed can "proceed carefully" with further rate hikes. According to the CME FedWatch Tool, futures are currently pricing in no more interest rate hikes for this cycle and a potential interest rate cut by May 2024. AdvertisementAdvertisementInvestors are awaiting more Fedspeak later this week to ascertain whether more interest rate hikes in store.

Persons: Chris Waller, Christopher Waller Organizations: Federal Reserve, Service, Federal, CNBC, Dow Jones Locations: Wall, Silicon, Saudi Arabia, Russia

A Huge Threat to the U.S. Budget Has Receded. For decades, runaway Medicare spending was the story of the federal budget. Budget news often sounds apocalyptic, but the Medicare trend has been unexpectedly good for federal spending, saving taxpayers a huge amount relative to projections. In a recent letter to the Senate Budget Committee, economists at the Congressional Budget Office described the huge reductions in its Medicare forecasts between 2010 and 2020. Medicare is growing more slowly than ever, but still more quickly than the rest of the federal budget.

Persons: Ronald Reagan, Barack Obama, that’s, ”, David Cutler, Cutler, haven’t, I’ve, Melinda Buntin, Buntin, Simpson, Bowles, aren’t, Trump, Joshua Gordon, Mitt Romney’s, “, Sherry Glied Organizations: Medicare, ”, U.S, Budget, Harvard, Obama, Affordable, Senate, Congressional, New York Times, Office, White, Office of Management, Johns Hopkins, Social Security, Congress, Federal, Veterans, NASA, Wagner School Locations: Iraq, Afghanistan, N.Y.U, Washington

☆ Walker Cup: United States fights back to beat Great Britain and Ireland
▼ + stars: | 2023-09-04 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —The United States drew first blood in a month of international golf battles, fighting back to defeat Great Britain and Ireland at the 49th Walker Cup on Sunday. It’s certainly the pinnacle of my golfing life,” McCoy, who suffered a bruising 16.5 - 9.5 defeat in his sole Walker Cup playing appearance in 2015, told reporters. Robert Perry/APFirst blow landedIt’s a boost for American golf ahead as it seeks to avenge defeats in a Solheim Cup and Ryder Cup doubleheader later this month. Typically staged in alternative years, the postponement of the 2020 Ryder Cup due to the coronavirus pandemic means both the women’s and men’s events will be played across a two-week period. Team USA will hold home advantage in its bid to make it five in a row at the 50th Walker Cup at Cypress Point, California, in September 2025.

Persons: Mike McCoy, “, It’s, ” McCoy, …, Robert Perry, Stuart Wilson’s, England’s John Gough, –, Gordon Sargent, Nick Dunlap, Sargent, Dunlap, Barclay Brown, Oisin, ” Scotland’s Wilson, They’ll, they’ve, They’ve, ” Wilson's, Finca, Italy’s Marco Simone Golf Organizations: CNN, United States, Walker, Sunday, ”, Ireland, Dunlap, Solheim, Ryder, Country Club, Team USA Locations: Great Britain, Ireland, Andrews, Scotland, Spain, Cypress Point , California

☆ Bill Richardson, U.S. diplomat and troubleshooter, dead at 75
▼ + stars: | 2023-09-02 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

As a congressman in 1994, Richardson visited reclusive communist-ruled North Korea to discuss a nuclear accord struck by Clinton. As Richardson was traveling to the country, North Korea shot down a U.S. military helicopter that had entered its territory, killing one pilot and capturing the other. Richardson stayed for weeks to negotiate, flying home with the dead pilot's remains while the surviving pilot was released soon thereafter. In 1996, Richardson negotiated the release of an American named Evan Hunziker, jailed on spy charges in North Korea. Richardson later attended a prep school in Massachusetts, where he became a star baseball pitcher with dreams of a professional career.

Persons: New Mexico Bill Richardson, Gus Ruelas, Bill Richardson, Richardson, Mickey Bergman, Bergman, Bill Clinton, you've, You've, Barack Obama, Obama, Danny Fenster, Clinton, Evan Hunziker, Saddam Hussein, Fidel Castro, William Blaine Richardson, Will Dunham, Lucia Mutikani, Rosalba O'Brien Organizations: University of Southern California's Schwarzenegger Institute for State, Global, REUTERS, Rights, New, Richardson Center, U.S, Richardson, Democratic, U.S . House, Representatives, United Nations, Foreign Policy, Cuban, Citibank, Tufts University, State Department, Thomson Locations: New Mexico, Los Angeles , California, U.S, Chatham , Massachusetts, Mexican, American, United States, North Korea, Myanmar, Sudan, Iraq, Iran, Cuba, New Hampshire, Iowa, Korean, Kuwait, Iraqi, Miami, Pasadena , California, Mexico City, Oaxaca, Massachusetts, Washington

☆ 'The vast bulk of companies are in big trouble': A renowned bear who called the dot-com bubble warns a recession is still on the way as bankruptcies rise — threatening to sink even the mega-cap stocks
▼ + stars: | 2023-09-02 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

While big firms have survived high rates, Edwards said a recession would eventually hurt them too. Here are the effective interest rates for a few cohorts of the S&P 1500. The Federal Reserve's Senior Loan Officer Opinion Survey shows 49% of banks are tightening lending standards for small companies. They weren't able to lock into long-term loans at almost zero interest rates and pile it high in the money markets at variable rates," Edwards said. "In our view, the current savings rate is unsustainably low, and the main downside risk to growth is that the savings rate will suddenly move higher."

Persons: Societe Generale's Albert Edwards, Edwards, haven't, Louis, that's, we'll, Brian Rose, Rose, Piper Sandler, it's Organizations: Societe Generale's, Societe Generale, American Bankruptcy Institute, Generale, Federal, Federal Reserve Bank of St, Institute, Supply Management's, UBS Americas, UBS Companies

Average 30-year mortgage rates are no longer above 7%, though they're still elevated compared to where they've been in recent months. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-year Fixed Mortgage Rates Decrease (-0.04%)The current average 30-year fixed mortgage rate is 6.89%, down four basis points since this time last week. 15-year Fixed Mortgage Rates Increase (+0.10%)The average 15-year mortgage rate is 6.17%, a 10-basis-point decrease from last week. Mortgage rates have been volatile so far in 2023, and they're higher than they were in September 2022.

Persons: they're, they've, Mike Fratantoni, you'll, refinance, It's Organizations: Fed, Mortgage Bankers Association, Zillow Locations: Chevron

☆ Best 1-Year CD Rates for September 2023
▼ + stars: | 2023-09-01 | by ( Martha C. White | ) www.wsj.com time to read: +6 min

By Martha C. WhiteWith interest rates on the rise, certificates of deposit are very much in the spotlight today. Best 1-year CD ratesToday’s market for one-year CDs is big and very competitive, with many offering even batter rates than on their longer-term options. The Fed has been steadily hiking interest rates in its effort to fight inflation. These CD rate picks picks reflect the best available one-year CD rates we found on DepositAccounts, com, which tracks roughly 275,000 rates at more than 11,000 banks and credit unions. When to buy a one-year CDWith one-year CD rates about as high as experts expect them to get, this is a good time to buy if you have money on the sidelines.

Persons: Martha C, you’re, ”, Kathy Carey, Baird, “ Organizations: Federal Reserve, FDIC, National Credit Union Administration Locations: U.S

☆ India captain Rohit plays down hype around Pakistan blockbuster
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

COLOMBO, Sept 1 (Reuters) - India captain Rohit Sharma played down hype around Saturday's Asia Cup blockbuster against Pakistan, saying their focus is on using the tournament to fine-tune their preparations for the home World Cup later this year. For us, we don't want to look into all those things," the opener deadpanned in the pre-match press conference on Friday. "What is going to help us is - keep doing the right things on the pitch and make the right decisions that take us forward as a team." The six-team tournament assumes more importance for India as they chase their first global title in more than a decade at the home World Cup in October-November. "When we finish the tournament, hopefully we can achieve that and go into the next one and half months of the World Cup."

Persons: Rohit Sharma, Rohit, Shaheen Afridi, Amlan Chakraborty, David Holmes Organizations: Asia, Pakistan, India, Thomson Locations: COLOMBO, India, Pallekele, Pakistan, New Delhi

☆ The Fed’s Preferred Inflation Gauge Ticked Up in July
▼ + stars: | 2023-08-31 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +2 min

An employment report set for release on Friday is expected to show that while businesses added fewer jobs in August, the unemployment rate remained very low at 3.5 percent. Even after adjusting for inflation, it was up 0.6 percent, a pop from 0.4 percent in the previous report. inflation was widely expected: Various data points that feed into the number, including the Consumer Price Index inflation report, come out earlier in the month. Fed officials will be watching data over the next few weeks as they consider what to do with interest rates at their meeting on Sept. 20. Policymakers have said that the meeting is a “live” one, meaning that they could either lift interest rates or keep them on hold, but several have suggested that at this point they feel that they can be patient in making a move.

Persons: ” Jerome H, Powell

You can sell items on Facebook Marketplace via the desktop website or mobile app. You need a Facebook account to access Facebook Marketplace. Note: Facebook Marketplace is available to users 18 and older in most countries, including the US and Canada. For a full list of supported countries, see the footer at the bottom of the official Facebook Marketplace page. AdvertisementAdvertisementHow to sell on Facebook MarketplaceYou can use Facebook Marketplace on either desktop or mobile.

Persons: Devon Delfino Organizations: Facebook, PayPal Locations: Canada, Devon

☆ How to buy a home insurance policy in era of climate risk and more frequent disasters
▼ + stars: | 2023-08-30 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +4 min

Frequent weather catastrophes, induced in part by climate change, are bearing down on homeowners and would-be buyers. Here's how consumers can navigate the home insurance market amid increasing climate-driven weather risks:The home insurance market disruption is going to get worseThings are likely to get worse for homeowners and would-be buyers. Also in June, Farmers Insurance became the latest insurer to pull out of Florida, a market that's been roiled with turmoil for many years. Policyholders should expect to pay moreThe average cost of homeowners insurance nationwide is $2,777 a year, with rates varying by state, according to Insurance.com, a consumer comparison service. Already, some homeowners are choosing to roll the dice on ownership without insurance rather than pay increasing premiums.

Persons: Hurricane Ian, Idalia, Ian —, John Dickson, David A, Sampson, —, George Hosfield, Rich Sorkin, Stephen Bennett Organizations: Global, Aon, American, Casualty Insurance Association . Insurance, LexisNexis, Allstate, Farmers Insurance, Jupiter Intelligence Locations: Pine, Hurricane, Matlacha , Florida, Florida, California, Cuba, Oklahoma, Hawaii, Arkansas, Louisiana , Nebraska , Iowa , Kansas , Oklahoma , Illinois, Kentucky, Tennessee

☆ Warren Buffett's 93rd birthday is today. Here's why the investing icon dreads his big day each year, and compares life to a snowball rolling down a hill.
▼ + stars: | 2023-08-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett celebrated his 93nd birthday on Wednesday, August 30. Buffett aims to compound his wealth and gather great friends, like a snowball rolling down a hill. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. AdvertisementAdvertisement"The snowball he had created so carefully was enormous by now," Schroeder writes. Read more: Vinod Khosla and Warren Buffett are at opposite ends of the investing spectrum.

Persons: Warren Buffett, Buffett, dreads, Berkshire Hathaway, there's, he's, Alice Schroeder, Schroeder, —, He's, Vinod Khosla Organizations: Service, Berkshire, Apple, VC Locations: Wall, Silicon, Berkshire

☆ 'Data leverage' and the Harry Potter test: How much is a single book worth to a giant AI model?
▼ + stars: | 2023-08-30 | by ( Alistair Barr | ) www.businessinsider.com time to read: +8 min

This month, serious AI researchers waded into this debate with 2 papers that seek to address various aspects of the situation. AdvertisementAdvertisementThe Harry Potter testThen the researchers went deep into the weeds, using J.K. Rowling's Harry Potter books to see if individual pieces of data influence AI model performance. The other datastore excluded all 7 Harry Potter books. Then they repeated the exercise, excluding the second Harry Potter book, then the third, and so on. Important legal benefitsHelping J.K. Rowling make even more money from her Harry Potter books was not the goal of the SILO study, though.

Persons: Nick Vincent, Vincent, what's, Benedict Evans, I've, I'm, Harry Potter, Rowling's Harry Potter, LLMs, there's, Rowling, Oren Etzoni, Etzioni Organizations: Morning, Simon Fraser University, University of Washington, UC Berkeley, Allen Institute, AI Locations: Vancouver, Google's, Seattle

As a result, investing in equal-weighted ETFs that provide a more diversified approach and offer exposure to old economy-linked sectors such as energy and manufacturing are coming back in favor as investors look to broaden their exposure beyond Big Tech. Laura Cooper of BlackRock said the company's "highest conviction call" in the United States is the S&P 500 equal-weight. The $42-billion Invesco S&P 500 equal-weighted ETF , which mirrors the performance of the S&P 500 equal-weight index (.SPXEW), saw inflows of $8.80 billion from the beginning of June through Aug. 25, according to Refinitiv Lipper data. In comparison, the much larger $402-billion SPDR S&P 500 ETF Trust , which tracks moves in the market cap weighted S&P 500 (.SPX), bled $10.88 billion during the same period. Invesco S&P 500 equal-weighted ETF drew $4.85 billion inflows in June, the most since the fund was launched in 2003, followed by $3.53 billion in July, the second highest on record.

Persons: Brendan McDermid, Laura Cooper, BlackRock, Cooper, Dan Boardman, Jake Dollarhide, BlackRock's Cooper, Sruthi Shankar, Medha Singh, Sweta Singh, Shounak Organizations: New York Stock Exchange, REUTERS, U.S . Federal, Big Tech, iShares EMEA, BlackRock, Trust, BRI Wealth Management, Apple, Microsoft, Nvidia, Google, Facebook, Meta, Nasdaq, Longbow Asset Management Company, Thomson Locations: New York City, U.S, United States, Weston, Bengaluru

☆ Voice referendum: Australia sets date for historic referendum on its First Nations people
▼ + stars: | 2023-08-29 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +9 min

Brisbane, Australia CNN —Australia has set the date for its first referendum in 24 years as polls suggest the government is on course for failure unless it can reverse declining support. As soon as the date was announced, the no campaign sent a text message calling for tax deductible donations that read: “It’s on! Votes in the territories – the Northern Territory and the Australian Capital Territory will only be included in the national total. The Voice, if approved, would enshrine a body in the constitution made up of Indigenous people to advise the government on laws that relate to them. Tamati Smith/Getty ImagesNo vote strengthening in the pollsBut recent polling suggests if a vote was cast now, it would likely fail.

Persons: ”, Anthony Albanese, –, Richard Wainwright, Peter Dutton, they’d, ” Dutton, “, Anna Clark, Clark, ” Cedric Marika, Tamati Smith, Oscar, ” Oscar, she’s, Albanese, “ Don’t, don’t Organizations: Australia CNN —, Peoples of Australia, Aboriginal, Torres Strait Islander, Australian, Territory, Nations, WA Liberals, Reuters, Labor, Liberal Party, National Party, Australian Electoral Commission, Liberal, AEC, Sky News, Australian Centre for Public, University of Technology, Garma, Torres, Torres Strait Islander Social, Australian Human Rights, ”, Torres Strait Locations: Brisbane, Australia, Australia CNN — Australia, Nations, Northern Territory, Perth, University of Technology Sydney, East Arnhem, Torres Strait

☆ Here are 2 major themes to watch in the week ahead after Friday's market rally
▼ + stars: | 2023-08-26 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

As August is known to be, it's been a rough month-to-date for all three of those stock market benchmarks so far. This past week, the overall market was oversold, according to Jim Cramer's trusted S & P Oscillator. After Friday's strong finish, we'll see if the market's oversold condition abates as two major themes play out in the week ahead: Earnings from two Club names — Salesforce (CRM) and Broadcom (AVGO) — and key economic reports ahead of September's Fed meeting. Outside of the labor market and inflation, we'll also get a look at the housing market with the pending home sales on Wednesday. As we heard from fellow Club name Palo Alto Networks (PANW) last week, companies are growing more cautious and more closely scrutinizing large sales deals.

Persons: Jerome Powell's, Powell, it's, Jim Cramer's, Friday's, —, It's, we've, we'll, we're, Salesforce, AVGO, We're, Brown, Forman, Campbell Soup, LULU, Jim Cramer, Jim, Angela Weiss Organizations: Nasdaq, Federal, Nvidia, Dow Jones, Broadcom, Fed, Labor, Club, Palo Alto Networks, VMWare, HEICO Corporation, Bank of Montreal, BMO, Bank of Nova, Hewlett Packard Enterprise, HP, PVH Corp, Patterson Companies, Veeva Systems, UBS, Academy Sports, Hormel, Signet Jewelers, Dell Technologies, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Jackson Hole , Wyoming, China, Bank of Nova Scotia, New York City

☆ Tesla won't kill car dealerships, but it will force them to change
▼ + stars: | 2023-08-25 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

That would mean they'd have to eliminate their auto dealers. The car companies aren't likely to win that — but to compromise, their dealerships are going to have to evolve from what they are today. Tesla showed the auto industry it's possible to be successful without a traditional dealer network and instead sell vehicles directly to consumers. "I think that will cause some pressure for the other traditional automakers, but I think Tesla is the exception for the direct sellers," Jackson added. Dealerships might not go away, but they're certainly going to look different to car shoppers in the future.

Persons: Tesla, Elon, Tim Jackson, Jackson, they're, Scott Kunes, Jessica Caldwell, Edmunds, Caldwell, Kerrigan, There's, Kunes Organizations: Auto, Ford, BMW, EV, Colorado Automobile Dealers Association, Kunes, RV

☆ Deloitte's human-sustainability chief wants to help employees beat burnout. She says the best solutions go beyond vacation and office yoga — and involve undoing 100 years of routine.
▼ + stars: | 2023-08-25 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

To combat burnout, it will take more than vacations and a few yoga classes, she told Insider. To really fix what's wrong with work, Fisher said, we need to have deeper, more thoughtful conversations. Fisher said employers need to push back on the idea that workers who cut through piles of work must be in good shape. I was on my way to burnout and the downstream impacts of my actions and behaviors on my team were detrimental," she said. Her own journey toward a more balanced approach to work leaves Fisher optimistic that broader change is possible.

Persons: Jen Fisher, who'd, Fisher, Deloitte's Jen Fisher, Odette Fernandez Lopez, We've, we're, she's, they're Organizations: Deloitte, Service Locations: Wall, Silicon, chemo

☆ Palo Alto Networks rewards our faith in the stock, leading us to adjust our price target
▼ + stars: | 2023-08-21 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Palo Alto Networks (PANW) shares jumped more than 15% on Monday, clawing back in one session most of the damage they incurred since the beginning of August. PANW YTD mountain Palo Alto Networks YTD performance Bottom line The concern over whether a summer Friday evening earnings release might mean bad news proved unwarranted. Palo Alto Networks delivered largely better-than-expected quarterly numbers, with even better guidance for the current quarter (fiscal 2024 first quarter), full-year fiscal 2024, and beyond. Roadmap for AI Palo Alto management also talked about how artificial intelligence will revolutionize their ability to safeguard computer networks and catch hackers in the act of a breach. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: clawing, That's, Nikesh Aurora, Fortinet, billings, we're, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Palo Alto Networks, Revenue, Refinitiv, billings, Alto Networks, Management, Alto, Palo, Billings, TAM, CNBC, Bloomberg, Getty Locations: Palo, billings, Palo Alto, Santa Clara , California, U.S

☆ A tick bite gave me Alpha-gal syndrome. Now, I'm allergic to meat and its byproducts and only eat 1 meal a day.
▼ + stars: | 2023-08-19 | by ( Maiya Focht | ) www.businessinsider.com time to read: +7 min

Lon Wilhelms got Alpha-gal syndrome from a lone star tick bite. For me, it started when I came down with COVID-19 in July of 2022, and all these things started going wrong with me. Alpha-gal is more than just a red meat allergyMeat that comes from mammals is a no go for people living with Alpha-gal syndrome. CDCThe guessing gameThe lone star tick is common in the rural part of the East Coast I live in. A map that shows where the lone star tick is common in the United States.

Persons: Lon Wilhelms, Lyme, it's, I've, It's, Lon, I'm Organizations: Alpha, Service, Reuters, CDC, Lone, Coast, Facebook Locations: Wall, Silicon, United States

☆ Here's why the surge in bankruptcy filings this year isn't as scary as it sounds
▼ + stars: | 2023-08-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Corporate bankruptcy filings have surged so far this year, already eclipsing the number of bankruptcies in 2022. But there are three reasons why bankruptcy filings aren't as scary as they sound, according to Carson Group. But according to Varghese, there are three reasons why investors shouldn't panic about the recent uptick in bankruptcy filings. But bond investors — even those who buy below-investment-grade debt — have not shown signs of worry. "Bond investors typically sniff out hard economic times for companies well ahead of other investors.

Persons: it's, Sonu Varghese, Varghese, —, Banks Organizations: Carson Group, Service, Bed, Valley Bank, Party, Treasury, Carson, Federal Reserve, Entrepreneurship Locations: Wall, Silicon

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