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“The 2024 Cody Stampede Parade promises to be an unforgettable celebration of American independence, led by one of comedy’s most beloved figures,” the Cody Enterprise reported. In an editorial published Monday, Enterprise Editor Chris Bacon said he “failed to catch” the AI copy and false quotes. “It matters not that the false quotes were the apparent error of a hurried rookie reporter that trusted AI. It was my job,” Bacon wrote. Another story — about a poaching sentencing — included quotes from a wildlife official and a prosecutor that sounded like they came from a news release, Baker said.
Persons: HELENA, CJ Baker, Larry, Cable Guy, , Baker, Aaron Pelczar, Buffalo Bill Cody, Chris Bacon, , ” Bacon, Pelczar, Bacon, I’ve, ” Baker, , Mark Gordon, ” Michael Pearlman, It’s, Alex Mahadevan, ” Mahadevan, Megan Barton, Cody Enterprise’s, ” Barton, Poynter Organizations: Powell Tribune, Cable, Cody, Stampede, Cody Enterprise, Enterprise, Buffalo, ” Journalists, Associated Press, AP, Sports, Wyoming Gov, OSHA, Wyoming, Fish Department, Poynter Institute Locations: Mont, Wyoming
Macdonald, 32, quit his accounting job at PwC in 2016 to work on ManiLife full-time. I decided to accept a job at PwC, a Big Four accounting company, for a three-year graduate program. When the time came to return to my accounting job in September 2015, I gave up my peanut butter venture and returned to the UK. I had shelved my idea for a peanut butter brand to work at PwCI came up with the idea for ManiLife — my peanut butter company — living in Argentina. Having a stable job helped me get my business off the groundI think I left my PwC job at the right time.
Persons: , Stu Macdonald, Macdonald, I'd, weren't, didn't, I've, I'm Organizations: Service, Business Locations: Wilmslow , England, PwC, Argentina, Córdoba, British
This spring, the company unveiled plans for Pagani Residences, a 70-unit condo development in Miami's North Bay Village. Beyond automakers, there's a growing list of luxury brands hoping to use real estate to turn their cultural cachet into cold, hard cash. New York's five-star Sherry-Netherland Hotel began welcoming long-term residents almost a century ago, and since then roughly 700 branded residences have graced skylines around the world. But when it comes to branded residences, there are real selling points for buyers. The Elle project may seem out of left field, but Itani told me he's talking with another publication interested in making similar inroads.
Persons: carmaker Pagani, Pagani, Carlo Dipasquale, Aston Martin, Carbone, Gabbana, Elle, Sherry, we've, that's, Itani, Drake, Giorgio Armani, aren't, Brand, They're, they're, Laura Steinbruckner, Ferrari, Rob Sykes, WATG, hadn't, Cipriani, they've Organizations: Pagani Residences, Mercedes, Benz, Porsche, Bentley, Global, Condo, Brands, Carlton, Nobu, Peruvian, Armani Casa, South Florida —, Villa Miami, Major Food Group, Gabbana, Hilton, Fiat, Apple Locations: Bay, South Florida, Miami, Miami Beach, Dubai, London, New York, Netherland, Spain, Toronto, homebuilding, Plenty, Villa
How ‘Deepfake Elon Musk’ Became the Internet’s Biggest Scammer An A.I.-powered version of Mr. Musk has appeared in thousands of inauthentic ads, contributing to billions in fraud. Mr. Beauchamp, an 82-year-old retiree, saw a video late last year of Mr. Musk endorsing a radical investment opportunity that promised rapid returns. “I mean, the picture of him — it was him,” Mr. Beauchamp said about the video he saw of Mr. Musk. Original A.I. Audio Original Original A.I.
Persons: ‘ Deepfake Elon, Musk, Steve Beauchamp, Elon, Beauchamp, , ” Mr, ‘ Pick, ’ that’s, “ It’s, , Francesco Cavalli, Scammers, Thorold Barker, Sensity, Warren Buffett, Jeff Bezos, “ Elon, Donald J, Trump, Elon Musk, Andrew Forrest, scammers, Lou Steinberg, Cavalli, Eastern Europe — cobble, “ There’s, Molly White, Finn Brunton, Davis, “ I’m Organizations: A.I, Deloitte, Wall, Street, Amazon, India, Facebook, YouTube, Better Business Bureau, CNET, Meta, Hong Kong’s Securities, Futures Commission, Federal Trade Commission, Federal Bureau of Investigations, TED, Fox News, Eastern Europe —, Tesla, University of California, CNN, New York Times, Magna, The New York Times, Better Locations: Sensity, India, Russia, China, Eastern Europe, Ontario, Canada
While it waits to amass the ammunition, manpower, and resources to launch a large-scale, well-timed counteroffensive, Ukraine should experiment with ways to take the initiative and gain momentum, war analysts say. "Ukrainian forces," they argued, "are very unlikely to be able to initiate significant counteroffensive operations in 2024 and into 2025." Such a strategy isn't necessarily new for Ukraine, which has repeatedly found ways to deal unexpected blows to Russian forces despite a grueling ground fight. "It will also protract the war and dramatically increase its costs to Ukraine and to Ukraine's supporters," they said. "Ukraine should thus seek every possible way of restoring maneuver to this war as soon as possible, daunting though that task appears."
Persons: , AEI's Frederick Kagan, ISW's Kimberly Kagan, Volodymyr Zelenskyy, Oleksandr Syrskyi, Zelenskyy, Vladimir Putin Organizations: Service, Russia, Business, American Enterprise Institute and Institute, Washington DC, Russian Ministry of Defense, Getty, MIC, REUTERS Kyiv, Kremlin Locations: Ukraine, Russia, Kursk, Russian, Anadolu, Kharkiv, Moscow, Sudzha, IZ.RU
Ducommun 's growth and profit margin potential make the stock hard to ignore, according to Goldman Sachs. Analysts led by Noah Poponak upgraded the small cap aerospace stock to buy from neutral. Goldman called the company an "acquisition compounder opportunity" within the aerospace and defense sector ever since current management took the helm in 2017. Goldman was the lead joint bookrunner for Ducommun's last sale of stock in May 2023. Ducommun shares rose more than 8% in early trading on Tuesday.
Persons: Ducommun, Goldman Sachs, Noah Poponak, Poponak, Goldman Organizations: Triumph Locations: Monday's
Organizations are shifting to hybrid cloud and on-prem IT infrastructure for more control over data. Rather than depending solely on third-party cloud services, they're looking to operate their IT data networks on-site. Hewlett Packard EnterpriseA push for on-premThis trend is a response to concerns about the reliability, security, and cost-effectiveness of cloud services. Kindo provides a secure management platform for AI systems that lets organizations control which users have access to internal AI resources. The winners will be those that can bridge cloud and on-prem to provide the level of control organizations are demanding.
Persons: , prem doesn't, Tan, prem, There's, it's, Peter Wang, Anaconda, Wang, Dennis Duckworth, Duckworth, Chris Stegh, Stegh, They've, they've Organizations: prem, Service, Hewlett Packard Enterprise, Anaconda, Anaconda Anaconda, Amazon Web Services, eGroup Enabling Technologies Locations: Germany, Switzerland, Portland , Oregon, San Francisco
Desmond Lachman, a former IMF deputy director, says there are "plenty of reasons to worry" about the US economy in the months ahead. Another risk is the prospect of a second Trump presidency, given his proposed policies around tariffs and taxes, Lachman said. Advertisement"There are a huge number of risks," Lachman said. "The Fed could cut interest rates midmeeting but that would be because the sky was falling. But if the sky is not falling, the Fed doesn't want to give the impression that the sky is falling," Lachman said.
Persons: Desmond Lachman, Lachman —, Lachman, Trump, , France Organizations: Service, Business, Lachman, American Enterprise Institute, AEI, Trump, EU Locations: China, Israel, Gaza, Lebanon, Palestine, Iran, France, Italy, Europe
CNN —Israeli Prime Minister Benjamin Netanyahu lambasted his Defense Minister Yoav Gallant on Monday and accused him of adopting an “anti-Israel narrative,” revealing a deep rupture at the top of the Israeli government as the Middle East risks spiraling into a full-scale regional conflict. “When Gallant adopts the anti-Israel narrative, he harms the chances of reaching a hostage deal,” the prime minister’s office said in a statement. Critics have accused Netanyahu of being more interested in defeating Hamas and preserving his government than returning the hostages. He has previously called on Netanyahu to declare that Israel would not establish civilian or military control over Gaza, although the prime minister has remained vague on his plans for the “day after” the war. “The conditions today for a Lebanon war are the opposite of what they were at the beginning of the war,” Gallant reportedly told lawmakers.
Persons: Benjamin Netanyahu, Yoav Gallant, Gallant, , Saul Loeb, Ismail Haniyeh, Fu’ad Shukr, Haniyeh’s, Haniyeh, Netanyahu, , Joe Biden, ” Gallant, Yahya, Sinwar, Daniel Hagari, Organizations: CNN, Israeli, US State Department, Getty Images, Qatari, ” CNN, American Enterprise, Institute for Locations: Israel, Gaza, Iran, Lebanon, United States, Washington ,, Getty Images Iran, Tehran, Beirut, of Israel, Egypt, Qatar, Cairo, Doha
Morgan Stanley has added three new high-quality defensive stocks to its "Fresh Money Buy List." AdvertisementMorgan Stanley expanded its list of recommended equities with three high-quality stocks, as the bank veer further into defensive positioning. These names could help shield against ongoing macro uncertainty, which Morgan Stanley does not expect will resolve anytime soon. Morgan Stanley holds an Overweight rating on the company, with a price target of $211 per share. (3) Northrop GrummanNOC, the defense and aerospace company, joined Morgan Stanley's list as a premium equity for exposure to industrials.
Persons: Morgan Stanley, , Consumer Staples, Wilson, Public Service Enterprise Group Morgan Stanley, Morgan Stanley's Organizations: Service, Federal, Healthcare, Consumer, Public Service Enterprise Group, Northrop Grumman NOC, Verizon, Walmart Locations: Real
Activist involvement is heating up at Starbucks , increasing the likelihood that the coffee chain makes changes necessary to boost its languishing stock price. This one-two punch of activist news is sending shares of Starbucks higher by more than 2% Monday, to nearly $77 each. We upgraded our rating on Starbucks' stock to a buy-equivalent rating last month on hopes that Elliott's presence would lead to positive changes inside the company. Board seats aside, Elliott's exact plan to lift Starbucks' stock is not known. This is not the first time Elliott and Starboard have been in a Club stock at the same time.
Persons: Jeff Smith's, It's, John's, Elliott Management —, Jesse Cohn, Cohn, Satya Nadella, Elliott, Jim Cramer, Jim, That's, Laxman Narasimhan, Wells Fargo, Jim Cramer's, Beata Zawrzel Organizations: Street Journal, Olive Garden, Darden, CNBC, Microsoft, Starbucks, Club, Constellation Brands, Nurphoto, Getty Locations: China, North America, Salesforce, Krakow, Poland
Morgan Stanley's preference for defensive quality stocks has only increased since June, even as major U.S. indexes have continued to reach new highs. Wilson highlighted his stock screen of quality and defensive names, which are long ideas with overweight ratings from the firm's analysts that are also in the top 1,000 universe by market cap. Take a look at some of Morgan Stanley's favorite names below: AbbVie made the cut as one of the firm's top quality and defensive stocks. Analysts surveyed by FactSet have a price target on AbbVie shares that suggest just 3.2% upside from its latest close. Other Morgan Stanley defensive and quality favorites include consumer discretionary names Walmart and Lowe's .
Persons: Morgan, Michael Wilson, Wilson, Morgan Stanley's, AbbVie, Northrop Grumman, Morgan Stanley, Kristine Liwag, Brian Nowak, Meta Organizations: Public Service Enterprise Group, Northrop Grumman, Federal, Aerospace, U.S, Walmart
Bank of America offered four reasons why investors are worrying too much about high AI spending. Investors can look forward to fresh catalysts ahead, such as Nvidia's upcoming Blackwell AI product, the bank said. Second, AI spending is focused on more than just creating new revenue streams. For instance, these expenditures help tech firms maintain social or e-commerce dominance, or protect their reign over the online search sector. "Concerns about the return on investment (ROI) on high AI capex is valid but premature and inconclusive in our view," the bank wrote.
Persons: , Goldman Sachs Organizations: of America, Blackwell, Service, Bank of America, 5G, Nvidia, Meta, Microsoft, Apple
Parts of Canada’s Boreal Forest Are Burning Faster Than They Can Regrow The delicate balance of one the planet’s largest natural systems for storing carbon depends on the humble black spruce tree. The boreal forests are the largest forests in the world, and in Western Canada they evolved to burn once every century or so. What was troubling, Dr. Baltzer noted, is that fire isn’t supposed to make life harder for the black spruce tree. Any imbalance in this tug of war between life and death can threaten the boreal forests’ ability to store heat-trapping carbon. Given how huge the boreal forests are, her research could help shed light on which parts of the ecosystem were most important to protect.
Persons: Jennifer Baltzer, Baltzer, Wilfrid, Veronica Penney, , Marc, André, I’d, doesn’t, Jeff Mcintosh, Austin McIntosh, Kyle Fennig, Maya Provenzano, geopyxis carbonaria, , Fred Sangris, Sangris, “ We’ve, Sangris’s, Philippe Ciais Organizations: Wilfrid Laurier University, Territories, Territories Yellowknife Research, columbia Alberta Area, Area, British Columbia Alberta Area, Natural Resources, Ocean, Ocean Yellowknife Research, Hudson Bay Edmonton, Calgary Saskatoon Winnipeg Montreal Ottawa Toronto Black, Vancouver Saskatoon Winnipeg Montreal Toronto Black, Calgary Saskatoon Winnipeg Montreal Ottawa Black, Information, Canadian Forest Service, Canadian Press, Associated Press, Wilfred Laurier University, Dene First Nations, Northwest, First Nations, Enterprise, United, Environmental Sciences Locations: Canada, Northwest Territories, Western Canada, Territories Yellowknife, columbia, British, North America, Netherlands, Natural Resources Canada, Behchoko, Ocean Yellowknife, Hudson Bay, Toronto, Enterprise, Northwestern Territories, Paris, Kakisa, Asia, Europe, Ndilo, Yellowknife, Dettah, United Nations
Following Monday's trade, Jim Cramer's Charitable Trust will own 750 shares of Amazon, increasing its weighting to roughly 3.9% from 3.54%. We've been eyeing this buy since Aug. 2 after the stock fell roughly 10% in reaction to a second - quarter earnings report . Let's not forget the 1,128 basis point margin growth at Amazon Web Services. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, We've, Donald Trump, Jim Cramer, Morgan Stanley, Jim Organizations: Amazon, Services, Amazon Web Services, CNBC Locations: North America
Deere (DE) , headquartered in Moline, Illinois, manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, and related components. One of the oldest companies in the United States, Deere traces its history back to John Deere's "self-scouring plow" in 1837. However, even assuming 50 bushels per acre and a $5/bushel average price increase, the revenue per acre would have risen by ~$250/acre. However, while Deere & Company stock has underperformed the S & P this year, its enterprise value is nearly $100 Billion, almost double the company's valuation in January 2020, just before the pandemic. Unsurprisingly, DE options are pricing in a larger-than-average 6% move when the company reports earnings on Thursday.
Persons: John Deere's, John Deere, outperforming, Massey Ferguson Organizations: Deere, Caterpillar, Deere & Company, Nasdaq, Farmers, CNH Industry, CNBC, NBC UNIVERSAL, ~$, ~ $ $ Locations: Moline , Illinois, United States, Mexico, Holland
CNBC's Jim Cramer on Monday said a variety of companies, to their detriment, won't admit they're hurting due to certain ongoing economic trends. "If they'd just own up, I think they'd earn a lot of credibility for themselves, leading to higher stock prices down the line. Cramer pointed to Jack Daniels maker Brown-Forman , which missed estimates during its most recent quarter and is down about 23% year to date. Cramer also mentioned peer spirit company Diageo , which saw sales decline in its most recent quarter and is down more than 14% year to date. According to Cramer, few companies have lowered prices since they raised them during the Covid-19 pandemic.
Persons: CNBC's Jim Cramer, Cramer, Jack Daniels, Brown, Forman, they'll Organizations: Diageo, Costco, Walmart, Enterprise
Its goal is to "simplify how we operate and reimagine work and customer experiences with AI," Dell execs told employees in an internal memo. "Through a reorganization of our go-to-market teams and an ongoing series of actions, we are becoming a leaner company," a Dell spokesperson told Business Insider. NurPhoto/Getty ImagesSeveral Dell workers said that though layoffs were hard, they understood that AI was changing the nature of work. Getting leanerAside from the impact of AI and automation, many workers also believed that the restructuring and layoffs were unsurprising business decisions. Two Dell employees in human resources told BI that layoffs would bring the workforce to under 100,000 people.
Persons: , Dell, Dell execs, Tell Dell, Vivek Mohindra, Michael Dell, Bain Organizations: Service, Business, Dell, BI, McKinsey, Workers, Mobile
For example, this season started with the banks roaring higher on great numbers, legitimately great numbers led by a phenomenal Bank of America quarter. The later just made no sense because it is pulling away from Intel on the low end and if Nvidia really does have production problems then AMD is the de facto winner. In fact, the only stock that didn't suffer from an Nvidia relation, Apple, got through earnings without too much trouble. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: , techs, We've, Warren Buffett, Buffett, industrials Eaton, Donald Trump, we've, execs, I've, Kamala Harris, Trump, Jim Cramer's, Jim Cramer, Jim, Rob Kim Organizations: Federal Reserve, of America, Bank of America, Club, Apple, Fed, SL Green, Boston Properties, Nvidia, Arista Networks, Micron, Dell, Hewlett Packard Enterprise, Devices, Intel, AMD, Accenture, Deloitte, McKinsey, White, Jim Cramer's Charitable, CNBC Locations: Lowe's
CNN —Alleged Sinaloa cartel co-founder Ismael “El Mayo” Zambada, in a statement released by his attorney, reiterated the claim he was “ambushed” and “kidnapped” by a son of notorious drug lord Joaquin “El Chapo” Guzmán and hand-delivered to US authorities. In a room with a table topped with fruit, Zambada said, Joaquín Guzmán gestured for the cartel boss to follow him to a dark room nearby. He said he was driven to a landing strip and forced onto a private plane, where Joaquín Guzmán removed his hood and bound him to a seat using zip ties. One version has Joaquín Guzmán duping Zambada to orchestrate their arrest, US law enforcement officials have told CNN. Zambada is expected to be transferred to New York from Texas, one official told CNN.
Persons: Ismael “ El, , , Joaquin “ El, Zambada, El Chapo, El, , Joaquín Guzmán, Ovidio Guzmán López, Security Rosa Icela Rodriguez, – “, ” Zambada, Joaquín, gestured, Guzmán Organizations: CNN, Ismael “ El Mayo ” Zambada, Security, U.S, US Locations: Sinaloa, Brooklyn, El, Mexico, El Paso , Texas, United States, , , Culiacan, Zambada, Chicago, New York, Texas
With this in mind, CNBC Pro screened for the most overbought and oversold stocks on the Street, as measured by their 14-day relative strength index, or RSI. Alternatively, stocks are viewed as oversold with an RSI below 30, which suggests a possible buying opportunity. While shares are slightly positive on the week, up nearly 1%, the stock has tumbled 10% in 2024. TTWO YTD mountain Take-Two Interactive Software, year-to-date Other stocks that made the oversold group are artificial intelligence infrastructure play Super Micro Computer and Ulta Beauty . The stock closed out the week nearly 25% higher and is up more than 41% this year.
Persons: Stocks, Hugh Johnston, Mars, Lockheed Martin, Northrop Grumman Organizations: Federal Reserve, Nasdaq, Dow Jones Industrial, CNBC Pro, Disney, Software, Lockheed, RBC Locations: U.S
So I've got a not-so modest proposal: Time for Apple to jump in with both feet, and buy HBO — along with the rest of Warner Bros. I know, I know: "Apple should buy X, Y or Z" is a long-running piece of techworld fanfic. But now I think Apple should spend real money and buy WBD. And then, boom: Apple's services business — the part of the company Apple needs to keep growing while its hardware business slows — instantly grows by nearly 50%. AdvertisementIt's one thing for a tech company to buy a minor studio and 50% of the James Bond franchise.
Persons: , I've, that's, Maxes, Warner, James Bond, hoover, It's, Tim Cook, Steve Jobs, Xi Jinping, Donald Trump, WBD Organizations: Service, Apple, HBO, Warner Bros, Business, Warner Bros . Studios, CNN, Warner mergred, Microsoft, Activision, Big Tech, Comcast, Paramount, Warners Locations: writedowns
DuPont's water business DuPont is considered a leader in purification and specialty-separation technologies that generates cleaner water for industries, governments, and communities. Arun Viswanathan, analyst at RBC Capital Markets, characterizes Dupont's water business' next-generation products as being "at the top of the technology pyramid." Dupont's water business is the smallest of the three companies that will be created by the breakup. As this exercise shows, DuPont's water business as a standalone firm would certainly deserve that compared to some. Potential M & A It's possible DuPont's water business never makes it to standalone status.
Persons: we've, Jim Cramer, It's, Lori Koch, it's, Aleksey Yefremov, Arun Viswanathan, Viswanathan, Dupont, RBC's Viswanathan, DuPont, KeyBank's Yefremov, EBITDA, Pentair, Veralto, Yefremov, They'll, they'll, , Koch, Ed Breen, Jim Cramer's, Jim, Jeff Fusco Organizations: DuPont, CNBC, JPMorgan, Bank, Barclays, RBC Capital Markets Locations: China, North America, Asia, East, Africa, America, Yefremov, Wilmington , Delaware
LONDON — E-commerce giant Amazon’s multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator. Amazon completed in March a $4 billion investment in Anthropic. As part of the deal Amazon will make Anthropic’s powerful large language models available on its Bedrock platform for building generative AI applications. An Anthropic spokesperson told CNBC: “We are an independent company. The CMA is separately scrutinizing U.S. software giant Microsoft’s multibillion-dollar partnership and investment in AI giant OpenAI.
Persons: Anthropic, Anthropic “, , Matt Calkins, Appian, ” Calkins, you’ve, Organizations: Markets, CMA, Amazon, CNBC, Microsoft, U.S . Federal Trade Commission, Google, Big Tech Locations: U.S, Anthropic
This article is part of " Workforce Innovation ," a series exploring the forces shaping enterprise transformation. Business Insider created this Workforce Innovation series to dig into these topics. As Tim Paradis wrote in the series' inaugural article, "Work doesn't work like it used to." AdvertisementTo help us, BI has convened a Workforce Innovation board. The role of the Workforce Innovation board is to help us identify the most important changes and trends emerging in the workplace and to offer insights from their own experiences managing the office revolution.
Persons: Tim Paradis Organizations: Business, BI, Innovation, DEI, Workforce
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