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☆ The tech powering ChatGPT won't make AI as smart as humans. Others might.
▼ + stars: | 2023-12-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

But the tech powering it has limitations and may struggle to make AI that is as smart as humans. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This means the public gets to see research faster, but it isn't necessarily reliable. AdvertisementHe gave "kudos" to Dao and Gu "for pushing on alternative sequence architectures for many years now." ChatGPT was a landmark cultural event that sparked an AI boom.

Persons: ChatGPT, —, Bill Gates, abut, Albert Gu, we've, vXumZqJsdb — Albert Gu, Gu, Dao, JAX, Jim Fan Organizations: Service, Google, Carnegie Mellon, Tri Dao, SSM, Nvidia Locations: AGI, Tri, pretraining

☆ How Nespresso has made gains in the Keurig-dominated U.S. coffee pod market
▼ + stars: | 2023-12-01 | by ( Ryan Baker | ) www.cnbc.com time to read: +2 min

Nespresso is brewing up competition in the U.S. coffee pod market. Nestlé's Nespresso, meanwhile, has had more success around the world, in a global retail coffee market that the Swiss food and beverage giant says is valued at about $100 billion. Nespresso's rise comes after the Keurig system took the U.S. by storm a decade ago. The company grew its domestic coffee sales by nearly $3 billion in the four-year span between 2009 and 2013. "There's still over 50 million households left in the U.S. coffee market that we look at and say, 'how do we meet the needs of those users?'"

Persons: Keurig, Nestlé's Nespresso, Nespresso, Matthew Barry, Nestlé, It's, Jean, Paul Gaillard, Alfonso Gonzalez Loeschen, Euromonitor's Barry, There's, Patrick Minogue, Dr Pepper Organizations: U.S, Euromonitor, CNBC, JPMorgan, Nespresso's, North America Locations: U.S, United States, North America

☆ CEO of main Super PAC backing Ron DeSantis resigns the evening before Thanksgiving in what is definitely a great sign for his campaign
▼ + stars: | 2023-11-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

The pro-DeSantis super PAC had been plagued by infighting for weeks as they've struggled to dethrone Trump. DeSantis was recently endorsed by a prominent Iowa conservative, but he's still behind in the state. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . For DeSantis' allies, Wednesday took another bad turn as Chris Jankowski, the chief executive of the DeSantis-affiliated super PAC Never Back Down, stepped down from his post.

Persons: Chris Jankowski, they've, dethrone Trump, DeSantis, he's, —, Ron DeSantis, Donald Trump, president's, Wednesday, Casey DeSantis, Nikki Haley, Haley, Trump, Bob Vander Plaats Organizations: Times, DeSantis, Service, South Carolina Gov, The New York Times, Trump Locations: Iowa, Florida, China

☆ CEO of main Super PAC backing Ron DeSantis resigns the evening before Thanksgiving amid reported infighting
▼ + stars: | 2023-11-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

The pro-DeSantis super PAC had been plagued by infighting for weeks as they've struggled to dethrone Trump. DeSantis was recently endorsed by a prominent Iowa conservative, but he's still behind in the state. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . DeSantis' allies faced another potential setback on Wednesday as Chris Jankowski, the chief executive of the DeSantis-affiliated super PAC Never Back Down, stepped down from his post.

Persons: Chris Jankowski, they've, dethrone Trump, DeSantis, he's, —, Ron DeSantis, Donald Trump, president's, Casey DeSantis, Nikki Haley, Haley, Trump, Bob Vander Plaats Organizations: Times, DeSantis, Service, South Carolina Gov, The New York Times, Trump Locations: Iowa, Florida, China

☆ China and Saudi Arabia sign a $7 billion currency swap agreement, adding to de-dollarization push
▼ + stars: | 2023-11-20 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

China and Saudi Arabia signed a currency swap agreement worth around $7 billion. China's o utstanding balance of forex swap lines hit a record 117.1 billion yuan, Bloomberg reported. AdvertisementChina and Saudi Arabia reached a currency swap agreement worth around $7 billion, marking another step in the dedollarization trend as countries around the world shift away from the greenback. The three-year deal allows for a maximum of 50 billion yuan or 26 billion riyals. And although Russia is China's top oil supplier, China imported $65 billion worth of Saudi crude oil in 2022, according to Chinese customs data cited by Reuters.

Persons: — Organizations: Bloomberg, Service, greenback, Reuters, RBC, JPMorgan, Initiative Locations: China, Saudi Arabia, dedollarization, Russia, Argentina, Beijing, Peru, Malaysia

☆ Molly Carlson was in a ‘dark place’ prior to Rio Olympics. Now she is inspiring millions to talk about mental health
▼ + stars: | 2023-10-28 | by ( Aimee Lewis | Martynas Ruseckas | ) edition.cnn.com time to read: +12 min

Cliff diving helped the 25-year-old recover from what she calls a “year from hell,” overcoming loneliness and a binge eating disorder. “When I’m cliff diving, nothing matters other than me and the air, really. “I have the biggest passion for mental health, and I’ve learned so much from my personal experience that now it’s kind of become like my future,” she said. “What I learned during my experience was as soon as you talk about mental health with one person, it becomes real,” Carlson said. Quinn Rooney/Getty ImagesFor Carlson, competing in high diving at the Olympics would be more than just representing her country on the national stage.

Persons: Molly Carlson, Cliff, “, “ I’ve, ”, it’s, Carlson, Instagram, I’ve, ” Carlson, Romina Amato, Red Bull, ’, ’ Carlson, John Proctor, ” Proctor, Proctor, Dean Treml, Rhiannan Iffland, Valery Hache, messaged Carlson, people’s, BraveGang, –, “ We’ve, we’ve, Quinn Rooney, dethrone Iffland Organizations: CNN, CNN Sport, Pan, Team Canada, Olympic Games, Janeiro Games, Canadian, Olympics, Florida State University, FSU, Florida State Seminole, Atlantic Coast Conference, Getty Locations: TikTok, Fort Frances , Ontario, Canada, Thunder Bay, Nanjing, Montreal, AFP, South Africa, Los Angeles

☆ Cramer: Nvidia still likely to outperform other U.S. chipmakers despite China woes
▼ + stars: | 2023-10-25 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

The latest U.S. restrictions on AI chip sales in China won't dethrone Nvidia (NVDA) as the world's most valuable semiconductor company, CNBC's Jim Cramer said Wednesday. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. The impact of the updated export controls will heat up competition in the U.S. market further, Cramer said on "Squawk on the Street." Shares of Nvidia, up a whopping 200% year-to-date, edged lower after Wednesday's opening. Nvidia, Alphabet and Microsoft are stock holdings in Jim's Charitable Trust, the portfolio used by the CNBC Investing Club.

Persons: CNBC's Jim Cramer, Jim Cramer's, Cramer Organizations: Nvidia, Devices, Intel, Microsoft, Trust, CNBC, Club Locations: U.S, China

☆ Republican House speaker candidates back out of Fox News debate
▼ + stars: | 2023-10-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Rep. Jim Jordan (R-OH) speaks at a press conference as Rep. Steve Scalise looks on following a Republican caucus meeting at the U.S. Capitol. The top Republicans vying to replace Rep. Kevin McCarthy as the next speaker of the House of Representatives have backed out of a televised debate that was scheduled to air Monday on Fox News. "The Republican conference needs a family discussion." Many Republican caucus members were angry that the party's differences would be publicly aired on national television in a debate for would-be speakers, a third source told NBC. The GOP caucus is scheduled to hold a conference meeting at 6 p.m. Monday to discuss choosing a speaker.

Persons: Jim Jordan, Steve Scalise, Kevin McCarthy, Kevin Hern, McCarthy, Hern, Donald Trump, Jordan, Matt Gaetz, dethrone McCarthy Organizations: U.S . Capitol, Fox News, NBC, Republican, Fox, CNBC, GOP, Republicans, Rep Locations: Florida, California

☆ Lauren Boebert won her last election by fewer than 600 votes. Her vaping incident at Beetlejuice could doom her reelection bid and cost Republicans control of the House
▼ + stars: | 2023-09-18 | by ( Madison Hall | ) www.businessinsider.com time to read: +5 min

In 2022, Rep. Lauren Boebert won her bid for reelection by less than 600 votes. The incident may have hurt her chances of retaining her seat in 2024, and could cost the GOP. Boebert's on thin ice with her constituentsFirst elected to Congress in 2020, Boebert won her election in part by painting her Democratic opponent as someone with a "socialist agenda" who wanted "more government control." In 2022, two years after Boebert won her congressional seat by more than 26,500 votes, the Republican legislator narrowly retained her seat against Democratic challenger Adam Frisch by fewer than 600 total votes. If Frisch successfully unseats Boebert, his election could very well help flip the House of Representatives in favor of the Democratic Party.

Persons: Lauren Boebert, vaped, Boebert, —, vaping, " I've, Joe Biden's, Adam Frisch, Biden, Marjorie Taylor Greene, Boebert's, Frisch, Frisch's, unseats Boebert Organizations: Service, Republican Party, GOP, Democratic, Republican, Union, Democratic Party, Republicans Locations: Wall, Silicon, Denver, Alabama, New York

☆ Djokovic-Medvedev U.S. Open final could be spellbinding affair
▼ + stars: | 2023-09-09 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

The last time Djokovic and Medvedev clashed at the U.S. Open was in the 2021 final, when the Russian captured his only major so far and denied the Serb a rare calendar Grand Slam. Second seed Djokovic, 36, fought back from two sets down to beat fellow Serb Laslo Djere in the third round but did not drop another set on the way to his 10th U.S. Open final. "He (Djokovic) is always better than the previous time he plays," said 27-year-old Medvedev, who will be appearing in his third U.S. Open final, having also lost to Rafa Nadal in 2019. While Djokovic and Medvedev are compelling figures, neither has been fully embraced by the New York crowds they have so desperately courted. Not long ago Medvedev was Flushing Meadows' public enemy number one for his on court antics that included giving the crowd the finger during a 2019 match.

Persons: Russia's Daniil Medvedev, Spain's Carlos Alcaraz, Mike Segar, Novak Djokovic, Daniil Medvedev, Djokovic, Carlos Alcaraz, Medvedev, Arthur Ashe, Margaret Court's, Andrey Rublev, dethrone Alcaraz, Rafa Nadal, Novak, he's, Steve Keating, Ken Ferris Organizations: Tennis, Spain's Carlos Alcaraz REUTERS, U.S, Sunday, U.S ., Djokovic, New, Yorkers, Thomson Locations: Flushing Meadows , New York, United States, Flushing Meadows, U.S, Russian, New York

☆ China is importing more from Russia than ever before, with trade between the 2 countries surging since Putin invaded Ukraine
▼ + stars: | 2023-09-07 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

China bought Russian products worth a record $11.5 billion last month, new customs data showed. Trade between the two countries has soared since the Kremlin invaded Ukraine last year. Russia expects trade volume with China to hit $200 billion by the end of the year. Customs data published Thursday showed that Chinese imports from Russia jumped more than 25% to a record $11.5 billion in August. Russia and China started to do more business with each other after Vladimir Putin invaded Ukraine in February 2022, which led to the US and its allies imposing widespread sanctions.

Persons: Vladimir Putin Organizations: Service, China, Kremlin Locations: China, Kremlin, Ukraine, Russia, Wall, Silicon, Beijing, Moscow, renminbi

☆ Former Bush advisor Karl Rove slams Vivek Ramaswamy's first GOP debate performance as 'robotic' and 'over-the-top'
▼ + stars: | 2023-08-27 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Karl Rove called out Vivek Ramaswamy over what he said was a "robotic" GOP debate performance. "Chris Christie got off one of the better lines of the night that he sounded like ChatGPT," he said. While Rove said Ramaswamy "on points had a good evening," he also said that the candidate "had a bad evening" when it came to substance. Ron DeSantis of Florida, who has so far been unable to dethrone former President Donald Trump from the top of the GOP presidential perch, had "a good night" at the debate. This was important for him to have a good night."

Persons: Karl Rove, Vivek Ramaswamy, Rove, Chris Christie, George W, Bush's, John Catsimatidis, Ramaswamy, Catsimatidis, Christie, Ron DeSantis, Donald Trump, Trump Organizations: WABC, Service, White House, Sunday, New, Republican, Trump, Emerson Locations: Wall, Silicon, New York, Jersey, Florida, New Hampshire

☆ DeSantis Super PAC will launch a $25 million ad blitz in Iowa and New Hampshire to reverse campaign's slide in the GOP presidential race
▼ + stars: | 2023-08-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Never Back Down is looking to reverse DeSantis' presidential campaign slump with a sizable ad buy. DeSantis has promoted his conservative record on the trail, but Trump continues to dominate the GOP race. Top officials for Never Back Down, who were encouraged by DeSantis' debate performance on Wednesday, outlined their strategy at a lunch shortly before the debate, according to The Post. Such a development would also be welcome news amid headlines about layoffs and campaign shakeups in the DeSantis campaign. AdvertisementAdvertisement"We are totally dominating DeSanctus right here in the state of Florida," Trump said at the time, mispronouncing the governor's last name.

Persons: DeSantis, Trump, Ron DeSantis —, Donald Trump, Vivek Ramaswamy, Kristin Davison, " Davison, Joe Biden, DeSanctimonious, Ramaswamy Organizations: GOP, Service, White, The Washington Post, Gov, Republican Locations: Iowa, New Hampshire, Wall, Silicon, Florida, coalescing

☆ Trump is skipping the first GOP presidential debate. Here's a look who's participating and what we know about their planned attack strategies for the high-stakes event.
▼ + stars: | 2023-08-21 | by ( John L. Dorman | Madison Hall | ) www.businessinsider.com time to read: +8 min

The first Republican presidential debate is scheduled for August 23, 2023, in Milwaukee, Wisconsin. Without Trump at the debate, seven other candidates are set to make their cases for the White House. Here's a look at how the debate is coming together, as the GOP candidates had to meet a set of criteria to even appear onstage. Christie, once a close ally of Trump, has consistently been the fiercest critic of the former president in the GOP race. Suarez, should he make it onstage, will likely just focus on boosting his profile to GOP voters beyond South Florida.

Persons: Trump, Donald Trump, Ron DeSantis, Trump —, Ramaswamy, Mike Pence, Sen, Tim Scott of, Doug Burgum, Chris Christie, Nikki Haley, Miami Mayor Francis Suarez, Asa Hutchinson of, Vivek Ramaswamy, Scott Eisen, dethrone Trump, DeSantis, Christie, who's, Pence, Burgum, Haley, Alex Brandon Haley, Scott, Hutchinson, Suarez Organizations: GOP, White, Service, Trump, Republican, Gov, Fox News, Fox Nation, Miami Mayor, Republican National Committee, DeSantis, Daily, Politico, UN, Palmetto State, Republicans, New, Capitol Locations: Milwaukee , Wisconsin, Wall, Silicon, Florida, Milwaukee, Iowa, New Hampshire , Nevada, South Carolina, Tim Scott of South Carolina, North Dakota, New Jersey, Asa Hutchinson of Arkansas, Nazi, United States, Palmetto, Israel, New Hampshire, South Florida

☆ Gov. Kim Reynolds urged anti-DeSantis protesters to be 'Iowa nice' as they rallied against his presidential campaign at the state's iconic fair
▼ + stars: | 2023-08-13 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Ron DeSantis has had a tough few days as he's ramped up his 2024 campaign throughout Iowa. Kim Reynolds asked protesters to be "Iowa nice" as DeSantis spoke at the Iowa State Fair. "And in Iowa, we're Iowa nice. "We're Iowa nice by nature. "I'm tired of getting trampled on for our rights ... people like Ron DeSantis ...

Persons: Ron DeSantis, he's, DeSantis, Kim Reynolds, who's, Donald Trump, Ron DeFascist, Jake Lahut, Zachary Petrizzo, Kim Reynolds —, Casey —, Reynolds, Biden, Heather Ryan, I'm Organizations: Gov, Hawkeye State, Fair, Service, Republican, Daily, Iowa Republican Gov, GOP, Florida, NBC News Locations: Iowa, Hawkeye, Wall, Silicon, Florida, we're Iowa

☆ Obesity drug Wegovy's landmark trial result could 'open up' health insurance access, analyst says
▼ + stars: | 2023-08-09 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

Until now, some health insurers have been reluctant to cover the drug, given its high costs and a lack of data around its underlying health benefits. But the results of the latest trial data could change that. "Do I think most payers will adopt [obesity drugs] overnight because of the SELECT trial? According to the World Health Organization, global obesity rates have almost tripled over the past decade. Novo Nordisk shares soared by 17% following the release of the trial results on Tuesday.

Persons: Jim Vondruska, Peter Verdult, CNBC's, Wegovy, Verdult, Martin Holst Lange, Eli Lilly, Mounjaro, Michael Mason, Eli Lily, Lilly Diabetes, It's, Lilly, Novo, Lily Organizations: Reuters LONDON, Novo Nordisk, Citi, Novo, World Health Organization, Barclays, Citi Verdult, European Markets Authority Locations: Chicago , Illinois, Danish, U.S, Europe, London

☆ A Trump strategist compared Ron DeSantis' candidacy to New Coke, which was released to much fanfare in 1985 but quickly flopped
▼ + stars: | 2023-07-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Ron DeSantis has sought to paint himself as a conservative without Donald Trump's political baggage. Trump strategist Chris LaCivita told the Washington Post DeSantis' candidacy was like New Coke. "He's trying to run to the right of Trump or he's trying to be Trump without the baggage — that's not a message," he said of DeSantis. AP Photo/Charles Kelly, fileIn April 1985, Coca-Cola debuted New Coke — a reformulated Coca-Cola that was tweaked to have a smoother and sweeter taste — to much fanfare. New Coke was renamed as Coke II in 1990 before being discontinued in 2002.

Persons: Ron DeSantis, Donald, Trump, Chris LaCivita, Washington Post DeSantis, Sen, Tim Scott of, DeSantis, he's, Donald Trump, LaCivita, Coke, Charles Kelly, didn't Organizations: Washington Post, Service, GOP, Trump, That's, AP, Cola, Coke Locations: New, Wall, Silicon, Florida, Tim Scott of South Carolina

☆ Chris Sununu says the 2024 GOP presidential candidates must be 'willing to swing' and 'take the punch' if they want a real shot at dethroning Trump in the primaries
▼ + stars: | 2023-07-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Sununu said Trump's frontrunner status won't shift if GOP candidates aren't willing to go after him. "That's 60% of the voters right now that are not with Trump in New Hampshire," he said on Fox News. Chris Sununu on Saturday said that the crop of GOP presidential candidates going up against former President Donald Trump can defeat the ex-commander-in-chief if they're willing to go after him. "That's 60% of the voters right now that are not with Trump in New Hampshire," Sununu remarked while on-air. "Either you're willing to swing, you're willing to give the punch and take the punch and show leadership, or you're kowtowing," Sununu said, adding that it is unlikely that a GOP candidate will flip a committed Trump backer anyway.

Persons: Sununu, Chris Sununu, Donald Trump, they're, The New Hampshire Republican —, —, dethrone Trump, Trump, Ron DeSantis, Sen, Tim Scott of, Doug Burgum, Chris Christie, Vivek Ramaswamy, Nikki Haley, He's, Chris, Christie, Joe Biden, Asa Hutchinson of Organizations: GOP, Trump, Fox News, Service, The New Hampshire Republican, of New, Gov, Republican Locations: New Hampshire, Wall, Silicon, The, of New Hampshire, Florida, Tim Scott of South Carolina, North Dakota, New Jersey, South Carolina, Asa Hutchinson of Arkansas

☆ The weaponization of the dollar will reverse globalization and kill the WTO, it was warned. That's a real threat today as dedollarization gathers force.
▼ + stars: | 2023-07-14 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +6 min

US economic sanctions have spawned something of a global backlash, in the form of the dedollarization movement. This was anticipated as early as 2019, by an expert who warned the weaponization of the dollar could have serious consequences for the global economic system. Back in 2023, dedollarization is a thingFast forward to 2023, and some of the recent rumblings across the global currency and monetary landscape are strikingly in line with Sen's prognostications. All that could come at a huge cost to the global economy – and drive a "complete reversal of global economic integration," he wrote. The dollar's share of global reserves could slowly decline, but no alternatives exist that could completely displace the US currency, Treasury Secretary Janet Yellen said last month.

Persons: Julius Sen, Donald Trump, Sen, prognostications, Emmanuel Macron, Elon Musk, –, optimists, Paul Krugman, Janet Yellen, Putin Organizations: London School of Economics, Service, UN, SWIFT, Allianz, WTO, FX Locations: Wall, Silicon, China, Brazil, Iran, Tehran, Russia, Ukraine, India, Europe

☆ Social media managers are blaming Elon Musk for the rise of Threads and other alternatives to Twitter
▼ + stars: | 2023-07-08 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Social media managers are making memes about new social apps that becoming more popular. Social media workers are now scrambling to stay on top of the new ways people are connecting online. With the launch of Meta's Threads and Black Twitter's migration to the Spill app, social media managers say they're overwhelmed by all the new platforms. For social media managers, this means developing a presence on new apps outside of Twitter, Instagram, Facebook, and TikTok. So while it's not certain whether any app will be able to dethrone Twitter, social media managers are say they're doing their best to keep up.

Persons: Elon Musk, Musk, Jack Dorsey, —, Guillaume Huin, Pedro Pascal, Huin Organizations: Meta, Social, Twitter, Facebook Locations: McDonald's

☆ Amid Meta's Threads launch, Elon Musk is inhaling the copium and saying he finds it 'infinitely preferable' to be attacked by strangers on Twitter than to have to pretend to be happy on Instagram
▼ + stars: | 2023-07-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Elon Musk took to Twitter to air his grievances on Instagram after Meta launched its new app, Threads. Musk said he preferred being attacked on Twitter than having to pretend to be happy on Instagram. "It is infinitely preferable to be attacked by strangers on Twitter, than indulge in the false happiness of hide-the-pain Instagram," Musk tweeted on Wednesday. Meta launched its new text-based app, Threads, on Wednesday. Hopefully we will," said Zuckerberg when a Threads user asked if the platform could beat Twitter.

Persons: Elon Musk, Mark Zuckerberg, Musk, Mark Zuckerberg's, Instagram, Zuckerberg, hasn't Organizations: Twitter, Meta, Morning, Tech

☆ House Speaker Kevin McCarthy backs push by MTG and Elise Stefanik to 'expunge' the impeachments of Trump
▼ + stars: | 2023-06-24 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Speaker McCarthy is backing a GOP-led push to "expunge" the impeachments of former President Trump. Reps. Marjorie Taylor Greene and Elise Stefanik have introduced resolutions to absolve Trump. Legal scholar Jonathan Turley told Reuters that the Constitution doesn't list provisions for expunging impeachments. McCarthy said that the 2019 impeachment was "was not based on true facts" while adding that the 2021 vote was taken "on the basis of no due process." But the speaker later remarked that the resolutions introduced by Greene and Stefanik would need to proceed through the committee process.

Persons: McCarthy, Trump, Marjorie Taylor Greene, Elise Stefanik, Jonathan Turley, —, Kevin McCarthy, Donald Trump, Greene, Stefanik, Ron DeSantis, Nikki Haley, Dan Goldman, it's, Turley Organizations: GOP, Reps, Legal, Reuters, impeachments, Service, Trump, California Republican, Capitol, Democratic, Gov, George Washington University Law School Locations: Marjorie Taylor Greene of Georgia, New York, Florida, South Carolina, Greene

☆ Bernstein says Nvidia is still the best A.I. trade, but there's a close second, too
▼ + stars: | 2023-06-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

No one has been able to dethrone Nvidia as the top play in generative artificial intelligence, according to Bernstein. Analyst Stacy Rasgon said chipmaker Nvidia is still the best pick for investing around generative AI. "If you really want to invest in generative AI, NVDA remains your best option," Rasgon said in a Tuesday note to clients. A deal with VMWare could also drive further upside, Rasgon said. NVDA AVGO,AMD YTD mountain Nvidia, Broadcom and Advanced Micro Devices — CNBC's Michael Bloom contributed to this report.

Persons: Bernstein, Stacy Rasgon, Rasgon, AVGO, he's, NVDA, Michael Bloom Organizations: Nvidia, Broadcom, VMWare, AMD

☆ Michelle Goldberg on Susan Faludi’s ‘Backlash’ - The New York Times
▼ + stars: | 2023-06-20 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +4 min

Opinion America Is Triggered by ProgressI keep reaching for Susan Faludi’s 1991 book, “Backlash: The Undeclared War Against American Women,” because it explains so much about American politics and culture. In the wake of Trump’s “Lock her up” campaign for president in 2016, it’s simply text, with gender emerging as a central fault line of American politics. Listen to an excerpt from “Backlash” narrated by Michelle Goldberg. A lot has changed since “Backlash” came out 32 years ago, especially in the news and entertainment, two of Faludi’s prime targets. The reaction has been a backlash that is in many ways more brutal and angry than what Faludi described, even if the fragmentation of American culture means it’s less all-encompassing.

Persons: topick, Susan Faludi’s, Donald Trump, TikTok, Tucker Carlson, Faludi, “, ’, —, it’s, It’s, Michelle Goldberg, ”, Candace Owens, Andrew Tate, ” Faludi Organizations: Progress, Fox News Locations: America, Romania

☆ Partial de-dollarization is possible, but China won't dethrone the greenback even if it becomes the world's largest economy
▼ + stars: | 2023-06-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

JPMorgan strategists said dollar dominance isn't going away anytime soon, regardless of China's growth. Partial de-dollarization in possible as China's yuan becomes a bigger part of global commerce. De-dollarization can stem from sliding faith in the dollar, or developments that enhance the credibility of other currencies. "Historical experience thus suggests that if China were to overtake the US as the world's largest economy around 2030, dollar dominance may persist even into the second half of the 21st century." The bank maintained that China stands as the only competitor eager to supplant the role of the dollar and the US economy in the long-term.

Persons: —, reallocations, Stephen Jen, Eurizon Organizations: Service, JPMorgan, International Monetary Locations: Great Britain, China

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