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☆ India has a new nuclear-capable ballistic missile submarine. But can it catch up with China?
▼ + stars: | 2024-09-14 | by ( Brad Lendon | ) edition.cnn.com time to read: +10 min

CNN —India’s second nuclear-capable ballistic missile submarine joined its naval fleet late last month, a move the government says strengthens its nuclear deterrent as New Delhi casts a wary eye at both China and Pakistan. The de facto border between India and China, known as the Line of Actual Control, has been a longtime flashpoint between the two. India’s next ballistic missile subs could be years away, however, if history is any predictor of the future. Arighaat was launched almost seven years ago, and if that timeline from launch to commissioning applies to the next Indian ballistic missile sub, it won’t join the service until 2030. A type 094 Jin-class nuclear-capable ballistic missile submarine of the Chinese People's Liberation Army (PLA) Navy participates in a naval parade in 2019.

Persons: CNN —, Rajnath Singh, Janes, Arighaat, ”, Carl Schuster, Aksai, Matt Korda, ” Korda, won’t, SSBNs, Tom Shugart, ” Shugart, Jin, Kandlikar Venkatesh, Mark Schiefelbein, Venkatesh, It’s, Abhijit Singh, ” Singh, Korda, it’s, – Organizations: CNN, People’s Liberation Army, Indian Defense, India’s Eastern Naval Command, Missile Defense Advocacy Alliance, Pacific Command’s Joint Intelligence Center, Troops, Naval, Nuclear, Federation of American Scientists, India’s, Center, New, New American Security, US, United Nations Security Council, US Navy’s, Navy, Global Times, People's Liberation Army, PLA, Getty, Observer Research, Hindustan Times, MIRV Locations: Delhi, China, Pakistan, India, Visakhapatnam, Bengal, United States, Bay, Aksai Chin, Beijing, New American, Russia, United Kingdom, France, Britain, Ohio, AFP, Mumbai, Islamabad, Kashmir, New Delhi

☆ Apple turning AirPods into hearing aids underscores effort to crack massive health market
▼ + stars: | 2024-09-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple announced on Monday that its AirPods Pro 2 headphones will become an FDA-cleared hearing aid in the coming weeks through a software update. Apple CEO Tim Cook has highlighted health features as the company's "most important contribution to mankind." The new feature is a free software update for some AirPods models and will be included with Apple's $249 AirPods Pro 2. Many over-the-counter hearing aids are much more expensive, according to buyers guides cited by the Hearing Loss Association of America, an advocacy group. Analysts say that adding health features like a hearing aid expands the market for the device, which could help sales.

Persons: Sumbul Desai, Tim Cook, Barbara Kelley, Apple, Gene Munster Organizations: AirPods, Apple, FDA, Food and Drug Administration, RBC Capital Markets, of America, Analysts, Asset Management

Americans reported losing $5.6 billion to cryptocurrency scams in 2023, with older Americans hit the hardest, according to the FBI. Americans 60 years old and older filed more than 16,000 complaints of cryptocurrency fraud and reported losing over $1.6 billion, much more than any other age group. The reported scams ranged from phony tech support help and extortion to scammers impersonating government officials. The vast majority of reported losses — almost $4 billion — were a result of investment scams, a category that the FBI uses primarily to refer to so-called pig butchering scams. Last year, a United Nations report found that pig butchering scams are often run by human trafficking victims in Southeast Asia.

Persons: ’, ”, Amy Nofziger, Nofziger Organizations: FBI, NBC News, AARP, United Locations: United Nations, Southeast Asia, California, Chicago

☆ A teacher caught students using ChatGPT on their first assignment to introduce themselves. Her post about it started a debate.
▼ + stars: | 2024-09-08 | by ( Jaures Yip | ) www.businessinsider.com time to read: +8 min

Yet many of the students enrolled in her ethics and technology course decided to introduce themselves with ChatGPT. AdvertisementSecond week of the semester and I've already had students use (and own up to using) ChatGPT to write their first assignment: "briefly introduce yourself and say what you're hoping to get out of this class". AdvertisementThe calculator argument — why ChatGPT is not just another problem-solving toolMany of the commenters who defended using AI likened ChatGPT for writing to using a calculator for math problems. OpenAI even partnered with Arizona State University to offer students and faculty full access to ChatGPT Enterprise for tutoring, coursework, research, and more. A professor in another post that received over 600 upvotes said that ChatGPT was "ruining" their love of teaching.

Persons: —, Megan Fritts, Fritts, I've, they're, clued, ChatGPT, they've, Charles Harvey, Harvey, I'm, They're, Curby Alexander, Anna Cunningham, Joel Nishimura, OpenAI, upvotes Organizations: Service, Business, University of Arkansas, University of Central, EdWeek Research, Texas Christian University, Arizona State University, ChatGPT Enterprise Locations: Little, University of Central Arkansas, Arizona

☆ Parents, put down your phones (sometimes)
▼ + stars: | 2024-09-06 | by ( Dr. Katie Hurley | ) edition.cnn.com time to read: +7 min

As a therapist who works with teenagers, I routinely hear from clients that their parents consistently criticize kids’ phone use but don’t curb their own use. Parents often tell me the same thing — their kids are glued to their phones and don’t listen when they try to engage them. And when parents feel rejected, they also turn their attention to their phones. I tell parents and kids alike that everyone needs to make changes in their technology habits to restore positive communication and trust. Keeping phones out of the bedroom is a common rule among parents of tweens and teens, yet this rule doesn’t often apply to the parents (guilty as charged).

Persons: Katie Hurley, Strong, “ Fiona McPhee, —, can’t, MoMo, tweens, it’s, ●, It’s Organizations: CNN

☆ Director of Disney's Lion King says AI is a 'Wild West,' echoes how animation changed film
▼ + stars: | 2024-09-06 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Kevin Winter | Getty ImagesArtificial intelligence is a "Wild West" with "very few rules" — but it has the potential to democratize the film industry in the long term, according to the director of "The Lion King." Minkoff was speaking with CNBC ahead of the Reply AI Film Festival. 'Hyperbole' versus 'legitimate concerns'The arrival of new technology has for decades been a fear among people working in the film industry, Minkoff noted. Alexander de Lukowicz, co-director of "Gia Pham," told CNBC that humans are essential to how he and his team work to generate short films. We wanted to produce something like a film to really check the boundaries of what's possible," de Lukowicz told CNBC.

Persons: Lion, Roger Allers, Rob Minkoff, Kevin Winter, it'll, Minkoff, Stuart Little, Simba, Filippo Rizzante, Rizzante, Gia Pham, Alexander de Lukowicz, It's, de Lukowicz Organizations: CNBC, American Society for Composers, Publishers, Broadcast, Inc Locations: Venice

☆ Nvidia’s earnings report makes us want to buy more of this industrial stock
▼ + stars: | 2024-08-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 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. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jensen Huang, shouldn't, Huang, Salesforce, Jim, Jim Cramer's, DOV Organizations: CNBC, Nvidia, Dover Locations: Dover

☆ Americans under 30 are miserable compared to Boomers: 'The future is looking pretty bleak’
▼ + stars: | 2024-08-28 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +14 min

Haidt and other researchers argue that technology and social media have led to an epidemic of isolation and loneliness. Surgeon General Vivek Murthy named social media as one of the main reasons young people feel more alone. "Social media is not this monolithic experience where everybody experiences the same thing," he says. Navigating an uncertain futureHaidt proposes a few solutions for Gen Z and their parents to curb social media and smartphone reliance. It followed an announcement by the Los Angeles Unified School District that it will ban student cellphone and social media use starting next year.

Persons: Jonathan Haidt, Vivek Murthy, Murthy, Haidt, Zach Rausch, Haidt's, Rausch, —, Jeffrey Hall, Candice L, Odgers, That's, Mark Zuckerberg, Jennifer Breheny Wallace, Z, Kyle K, Moore, Wallace, that's, Orna, Guralnik Organizations: U.S, The, NYU's Stern School of Business, University of Kansas, Odgers, University of California, Affordable, Facebook, Meta, Social, Pew Research, Economic, Institute, Harvard University, University of Chicago, New, New York City Public Schools, Los Angeles Unified School District, CNBC Locations: U.S, defensiveness, United States, Irvine, New York City, New York

☆ Tech had a rough day. But don’t call it a dot-com meltdown moment yet
▼ + stars: | 2024-08-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

On Monday afternoon, a federal judge ruled that Google violated US antitrust law with its search business. And despite yesterday’s decline, which already appears to have begun reversing, shares of Apple, Amazon, Microsoft, Meta, Google and Nvidia all remain up strongly year-to-date. Anything that threatens its market share could also put that core business — already facing competitive threats from emerging AI tools — at risk. It could also embolden lawmakers who have been looking to crack down further on the power of Big Tech. “This ruling will inspire short-term confidence for DuckDuckGo, Yahoo and other Google Search competitors.

Persons: New York CNN — It’s, “, Charlie Miner, ” Miner, Angelo Zino, ” Zino, they’re, it’s, ” Sen, Amy Klobuchar, ” Organizations: New, New York CNN, P Global, Investors, Google, US Federal Reserve, Big Tech, CNN, Research, Apple, Microsoft, Meta, Amazon, Nvidia, Tech, Yahoo Locations: New York, Google’s

☆ I work at Microsoft and didn't realize how evil tech can be until I had kids. Here's how I limit their screen use to 1 hour a day.
▼ + stars: | 2024-08-06 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Though I work in tech, I'm not very familiar with social media. I'll spend hours reading through tech documents to keep up with the latest developments. My three oldest kids have iPads provided by their school, and they also have personal Android tablets and phones. We then started looking for tools to monitor our kids' technology use. I talked with my three oldest kids about the monitoring, saying I wanted to ensure they were consuming age-appropriate material.

Persons: —, Bill Safcik, I've, I'm, they're, They're Organizations: Service, Microsoft, Business, Facebook, Big Tech Locations: Texas

☆ Retiring Corvette 'godfather' on EVs, spinoff and a performance SUV
▼ + stars: | 2024-08-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNT2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package. The so-called "godfather" of the modern Corvette retired roughly a week after helping to introduce the new 2025 Corvette ZR1 — the most powerful and fastest version of the car ever produced. Corvette spinoff and SUVWall Street analysts have said GM could better leverage the Corvette brand by expanding models and, to an extent, sales. Tadge Juechter, retiring Corvette executive chief engineer, during the reveal of the 2025 Chevy Corvette ZR1 on July 25, 2024. 2020 Chevrolet Corvette GM

Persons: Juechter, Mark Reuss, Tadge Juechter, Reuss, Ray, Motors, there's, Morgan Stanley, Adam Jonas, you've, that's, I've, Ferrari, I'm Organizations: General Motors, Detroit automaker, Corvette, CNBC, Electric Corvette GM, Chevrolet, Motors, Porsche, Lamborghini Locations: Bowling Green , Kentucky

☆ Why investors should buy the ongoing dip in stocks, Fundstrat says
▼ + stars: | 2024-08-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Technical signals suggest downside is limitedThere isn't much evidence that poor-performing areas of the market, like small-cap stocks, have peaked, Newton said. Meanwhile, Treasury yields have fallen in recent months as traders anticipate Fed rate cuts, which is typically bullish for stocks, he added. Advertisement"Thus, looking to buy dips makes sense technically," he said, adding that small-cap stocks looked "certainly appealing" after their recent slide. Fed rate cuts will mark a turning point in the marketThat's because rate cuts are expected to ease borrowing costs across several sectors. Small-cap stocks are flashing bullish signalsThe Russell 2000 hit a 30-month high in July, something that's only happened nine times over the past 45 years.

Persons: Fundstrat's Tom Lee, Lee, —, Tom Lee, who's, Mark Newton, Newton, I'm, Russell, That's Organizations: Tech, Service, Fed, Wall Street Locations: Wall

☆ A deadly Houthi attack on Tel Aviv is forcing Israel to rethink its drone defenses
▼ + stars: | 2024-07-31 | by ( Paul Iddon | ) www.businessinsider.com time to read: +12 min

Read previewThe Houthis' unprecedented July 19 drone attack against Tel Aviv from Yemen caught Israelis by surprise, piercing the country's battle-tested defenses and exposing vulnerabilities that the Yemen-based rebels were ready and willing to exploit. "This confirms that technology alone, even for one of the most advanced air defense systems in the world, is not enough to provide effective protection," Borsari said. "Firstly, the advanced Houthi drone was launched for the first time, following an atypical flight path that likely caught the Israelis off guard," Khoueiry told BI. Houthi Media Center via Getty Images'A more cunning approach'Following the deadly attack, the Israeli military promptly increased air patrols to protect Israeli airspace. "This means integrating low-tier air defense capabilities at scale, combining different types of effectors with an eye on cost-effectiveness," Borsari said.

Persons: —, Federico Borsari, Israel, Samad, Borsari, Freddy Khoueiry, RANE, Khoueiry, Yemen's, Sebastien Roblin, Roblin, harry IDF, CEPA's Borsari, Dome's Tamir, Tamir, RANE's Khoueiry Organizations: Service, Tel, Center for, Business, Eritrean, Technology, Houthi Media, Getty, Hodeidah, Red Sea, BI, Jordanian, US Navy, Navy Locations: Tel Aviv, Yemen, Red, Israel, Jordan, Egypt, Saudi Arabia, East, North Africa, Eilat, Iran, Gulf of Aden, Gaza, Eritrea, Sudan, Saudi

☆ Donald Trump falsely suggests Kamala Harris ‘happened to turn Black’
▼ + stars: | 2024-07-31 | by ( Eric Bradner | Aaron Pellish | ) edition.cnn.com time to read: +7 min

CNN —Former President Donald Trump falsely claimed Wednesday that his 2024 Democratic rival, Vice President Kamala Harris, “happened to turn Black” a few years ago, saying that “all of a sudden, she made a turn” in her identity. I didn’t know she was Black until a number of years ago, when she happened to turn Black, and now she wants to be known as Black. So I don’t know, is she Indian or is she Black?” the former president said. You have attacked Black journalists, calling them a ‘loser,’ saying the questions they ask are, quote, ‘stupid’ and ‘racist.’ You’ve had dinner with a White supremacist at your Mar-a-Lago resort. You’re voting for the president,” Trump said.

Persons: Donald Trump, Kamala Harris, “, Harris, ” Trump, –, ”, Barack Obama, Harris ’, Trump, Rachel Scott, Semafor’s Kadia Goba, Fox News ’ Harris Faulkner, Scott, Nikki Haley, ’ You’ve, Black, Tim Scott of, Feedback Trump, CNN Scott, Karine Jean, Pierre, ” Jean, NABJ, Abraham Lincoln, Lyndon B, Johnson, Daniel Dale, Scott Wednesday, rioter Ashli Babbitt, Vance, Fox News ’ Faulkner, Ohio Sen, JD Vance, who’s, CNN’s Donald Judd Organizations: CNN, Democratic, Republicans, Capitol, National Association of Black Journalists, Howard University, Wednesday, ABC, Fox News, Trump, Sen, White, ”, Civil, CNN Capitol Locations: Chicago, Indian, United States, Oakland , California, Washington, American, Lago, Tim Scott of South Carolina

☆ Podcast: Samsung bets on the Galaxy Ring and AI as its next big thing
▼ + stars: | 2024-07-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +42 min

Along with its S24 series of smartphones, foldable devices, smartwatches and now the Galaxy Ring, Samsung is hoping to lock users into its world of products held together with its suite of artificial intelligence features, known as Galaxy AI. Arjun KharpalOne of the things Samsung said was look, the ring is one product, but we've got the watch, we've got the smartphone. I think that's the right approach for Samsung, I don't think they have unrealistic expectations for volumes on this. And you'd feel like if there was some sort of Apple ring, it would do pretty good volumes. Do you think Samsung is seriously looking at ways to monetize this via subscriptions or other kinds of service business model?

Persons: aren't, Tom Chitty, Ben Wood, Meta's Ray, Arjun, Tom Chitty I've, I've, we've, Arjun Kharpal, let's, It's, That's, it's, you've, they've, there's, they're, someone's, I'm, that's, you'll, Ben Wood It's, smartwatch, Arjun Kharpal Apple's, Ben Wood They've, Tim Cook, He's, who'd, Tom Chitty Diamond, somebody's, who've, wasn't, Samsung hasn't, we'll, Ben, they'll, Will, wearables, Kharpal, Arjun Kharpal Tom, Tom, Tom Chitty We'll Organizations: Samsung, South, Galaxy, CNBC, CCS Insight, Mobile, Apple, Garmin, Apple Watch, U.S, Vision, Samsung Electronics, Google, MWC Locations: South Korean, Paris, France, beyondthevalley@cnbc.com, There's, Finland, London

☆ Buy this 'cheap' REIT — it's set to offer a yield of nearly 7%, Morningstar says
▼ + stars: | 2024-07-30 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

It's commonly believed that assets related to real estate, such as REITs, benefit from lower interest rates. A lower interest rate environment also increases the attractiveness of this investment in terms of the higher rental income yield offered by real estate. The rate of office use is set to increase over time , which will in turn lead to a recovery in office real estate demand, he said. "A focus on technology and life sciences market clusters should benefit Kilroy in the long run as we expect buoyant growth in these areas. "The remote work dynamic is probably the biggest source of uncertainty for the office real estate industry.

Persons: Morningstar, Suryansh Sharma, Morningstar's, Dave Sekera, Kilroy, Sharma, Sekera Organizations: U.S . Federal, Kilroy Realty, Morningstar, Apple Locations: REITs, U.S

☆ Justice Department responds to TikTok lawsuit, argues algorithm could allow Chinese government to influence US elections
▼ + stars: | 2024-07-27 | by ( Hannah Rabinowitz | Evan Perez | ) edition.cnn.com time to read: +5 min

CNN —Allowing TikTok to continue to be operated by its current parent company could allow the Chinese government to covertly influence US elections, the Justice Department said in a court filing late Friday. The filing is in response to a federal lawsuit TikTok brought against the US government in May in an attempt to block a law that could force a nationwide ban of the app. In their lawsuit, TikTok and Bytedance say that US law is unconstitutional because it runs afoul of free speech rights and prevents Americans from accessing lawful information. “TikTok application collects vast swaths of sensitive data from its 170 million U.S. users,” the DOJ filing reads. The Friday filing makes clear that law enforcement officials believe TikTok could – and has in some instances – taken direction from the Chinese government.

Persons: ”, TikTok, Joe Biden, Lisa Monaco, ” Monaco Organizations: CNN, Justice Department, The Justice Department, DOJ, Prosecutors Locations: United States, China, American, People’s Republic of China

☆ PepsiCo is using robotics and AI-powered crop planning to transform its supply chain
▼ + stars: | 2024-07-26 | by ( John Kell | ) www.businessinsider.com time to read: +6 min

PepsiCo says it's two-thirds of the way done with an overhaul of its supply chain. This article is part of "The Future of Supply-Chain Management," a series on companies' manufacturing and distribution strategies. With more automation, workers are doing fewer physical tasks, like driving a forklift, and far more oversight of the machines taking over those tasks. Workers at manufacturing facilities and distribution centers and the unions that represent them often bristle at automation, which can lead to layoffs. Even as it has invested in automation, PepsiCo's total workforce has swelled: It grew by 20%, to 318,000, over the five years that ended in 2023.

Persons: it's, —, Gregg Roden, he'd, Roden, Athina, Campbell, Kanioura Organizations: PepsiCo, Chain Management, Service, Gatorade, Frito, Microsoft, Workers, Tyson Foods, Food, McKinsey Locations: Doritos, North America

☆ How the AI revolution could cost you your job without replacing you
▼ + stars: | 2024-07-26 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

But as tech firms plan to invest billions of dollars in generative AI technologies, there's been another explanation for job cuts. While there's been a mountain of speculation about if and when AI technologies like ChatGPT could displace workers, their near-term impact on job losses could be less about job replacement and more about the cost of AI investments. The risks of AI job replacement remains to be seenIn the big picture, Netzer said he expects AI technologies to be an "enhancer rather than a replacer of jobs" in the years ahead. Advertisement"For many jobs, AI is likely to enhance our job, allowing us to spend more time on the things we enjoy doing and less time on the mundane," he said. AdvertisementBenedikt Frey pointed to translators as one profession that has seen fewer employment opportunities due to generative AI, per his research.

Persons: —, there's, Goldman Sachs, Mark Zuckerberg, Meta, Sundar Pichai, Daniel Rausch, Dan Ives, It's, Carl Benedikt Frey, Netzer, Benedikt Frey Organizations: Service, Apple, Microsoft, Industry, Business, Google, Amazon, Alexa, Fire, Wedbush Securities, Big Tech, FT, Columbia Business School, University of Oxford

☆ OpenAI reassigns top AI safety executive Aleksandr Madry to role focused on AI reasoning
▼ + stars: | 2024-07-23 | by ( Hayden Field | ) www.cnbc.com time to read: +6 min

OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. OpenAI last week removed Aleksander Madry, one of OpenAI's top safety executives, from his role and reassigned him to a job focused on AI reasoning, sources familiar with the situation confirmed to CNBC. Madry will still work on core AI safety work in his new role, OpenAI told CNBC. The decision to reassign Madry came less than a week before a group of Democratic senators sent a letter to OpenAI CEO Sam Altman concerning "questions about how OpenAI is addressing emerging safety concerns." Leike wrote in a post on X that OpenAI's "safety culture and processes have taken a backseat to shiny products."

Persons: Sam Altman, OpenAI, Aleksander Madry, Madry, reassign Madry, it's, Lina Khan, they've, Ilya Sutskever, Jan Leike, Leike, Greg Brockman, Brockman, Altman Organizations: Microsoft, CNBC, MIT's Center, MIT, Democratic, Google, Meta, FTC, Department of Justice, Nvidia Locations: Redmond , Washington

☆ The manager behind a pair of top-3% growth funds shares a proven strategy for playing the AI boom — and 6 of her favorite stocks to buy now
▼ + stars: | 2024-07-21 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Ankur Crawford, who co-manages the top-1% Alger Capital Appreciation Fund (ACAAX) and top-3% Alger Spectra Fund (SPECX), has done just that. But many in markets believe that AI stocks' feverish rally is running out of steam as investors rotate away from technology companies. But both funds target two types of growth stocks, Crawford said: high-unit-volume powerhouses that control their industries, and established firms in the midst of a significant makeover. "They're usually market-dominant players; they're changing their markets," Crawford said of the former group. 6 top growth stocks to buy nowAfter outlining the strategy that her funds follow, Crawford named six stocks she's bullish on that are in both funds.

Persons: —, Ankur Crawford, Crawford Organizations: Service, Business

☆ Huma, a London-based healthcare startup, just raised $80 million to offer new AI services using this 11-slide pitch deck
▼ + stars: | 2024-07-16 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Read previewHuma, an AI digital healthcare company, has raised $80 million in Series D funding. "AI is core to how we build scalable digital health solutions," Huma CEO Dan Vahdat, told Business Insider. "It is a challenging environment for digital health companies in general, particularly with the public markets being down," Vahdat added. The company's $80 million Series D funding round was raised by new and existing investors such as AstraZeneca, Hat Technology Fund 4 by HAT SGR, HV Fund by Hitachi Ventures, and Leaps by Bayer. Check out Huma's 11-slide Series D pitch deck below:

Persons: —, Dan Vahdat, Huma, Sifted, Vahdat Organizations: Service, Business, Bayer, AstraZeneca, Hat Technology, HAT, Hitachi Ventures Locations: Swedish

☆ AI, immigration, and rich people will save the US economy from a recession, Wall Street strategist says
▼ + stars: | 2024-07-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Read previewThe US economy will keep growing and ultimately avoid a recession thanks to artificial intelligence, immigration, and rich people. "The risks are growing that the stubborn Fed gradually then suddenly puts the economy in recession," he said. "But the economy may narrowly escape the dreaded recession outcome for these three reasons." 'Immigration delivers surprising economic benefits'Americans can thank immigrants for the continued progress in battling inflation, according to Arone. Arone also notes that the increase in immigrants can have a compounding impact on the US economy overtime.

Persons: —, Michael Arone, Arone Organizations: Service, State Street, Federal Reserve, Business, Fed, stoke, Research Partners

☆ The five secrets to Ferrari’s success as a luxury brand
▼ + stars: | 2024-07-04 | by ( Robert Frank | ) www.cnbc.com time to read: +10 min

In this article RACE-IT Follow your favorite stocks CREATE FREE ACCOUNTwatch nowIn the world of luxury, Hermès is arguably the gold standard. Analysts predict Hermès could surpass Louis Vuitton in revenue within the next three years as the world's largest luxury brand. There is one luxury company, however, that has raced past Hermès when it comes to growth and brand cache – Ferrari. To better understand what makes Ferrari a luxury brand, CNBC traveled to Ferrari headquarters in Maranello, Italy, to interview the company's CEO, Benedetto Vigna. "A luxury company is a company that is using technology, innovation, storytelling, heritage, everything, with the ultimate goal to feed that emotional side that we all have."

Persons: Birkin, Louis Vuitton, Hermès, Enzo Ferrari, Ford, Ferrari, Bernstein, Luca Solca, Benedetto Vigna, Robert Frank, Vigna, Adam Jeffery, Solca, Ferraris, Martyn Lucy, Bernard Arnault, Crystal Lau, Francesca Volpi Organizations: Ferrari, New York Stock Exchange, General Motors, CNBC, Ferraris, Goodwood Festival, Getty, Spiders, Rolex, Hermès, Bloomberg Locations: Maranello, Italy, Geneva, Chichester , England, it's, California, Roma

☆ I'm a hair health expert, and I want men to stop blaming their fathers for thinning hair. Genetics is only half the story.
▼ + stars: | 2024-06-30 | by ( Giorgos Tsetis | ) www.businessinsider.com time to read: +5 min

When my hair started thinning in my 20s, I feared I was taking after my father, who's mostly bald. But as someone who dedicated nearly a decade to understanding hair health, I now believe we shouldn't blame our dads for our hairlines. I had to navigate my own hair health challengesWhen my hair started to thin, I was modeling to put myself through engineering school. This experience, while challenging, was the catalyst needed to pursue a drug-free, holistic solution to tackle my own thinning hair. There are lesser known external factors that impact your hair healthStress, for example, is one major factor in hair health.

Persons: who's, we'd, —, He's, Giorgos Tsetis Organizations: Service

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