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But investing in the stock market should be boring rather than exciting. While some hands-on traders approach betting on the stock market similarly to betting money on sports, the truth is they should have very little in common. Compared to sports betting, investing in the stock market should be "non-adrenaline focused," Egan said. While an explosion of confetti might make trading stocks more entertaining, investing in the stock market should be boring. Historically, the average stock market return is about 10% each year.
Persons: , Dan Egan, Egan, Robinhood, doesn't, you'll, Ally Invest Organizations: Sports, Service, University of California, University of Southern, SoFi, Ally Locations: Massachusetts, Los Angeles, University of Southern California
AI coding tools like GitHub Copilot have transformed software development and productivity. AdvertisementBefore he graduated from university, Jacob Jackson founded the AI coding assistant TabNine in 2018. In the past two years, there has been a boom in AI coding assistants. The spike in ChatGPT usage and AI coding assistants has shifted how software developers do their jobs. AdvertisementAI assistants can empower codersMost generative AI coding assistants focus on auto-completion, meaning that the tool suggests code as the programmer types.
Persons: , Jacob Jackson, TabNine, Jackson, Claude, Nikolas Gauvreau, Dan Boneh, Kevin Baragona, Baragona, Gauvreau, he's, David Malan, Malan Organizations: Software, Service, Microsoft, Accenture, Developers, Stanford University, Harvard University, Activision Blizzard Locations: OpenAI, Canada, Brazil, Germany, India
Despite return-to-office mandates at Amazon and Dell, the tech world still appears to favor hybrid work. Experts say hybrid work boosts recruitment and retention and could be crucial amid tech talent wars. But while it may seem like workers are losing the battle for remote work, research suggests that hybrid work is still the norm in the tech industry. While some large companies, such as Nvidia, have remained holdouts, most Big Tech companies have had hybrid policies of various degrees. So as long as productivity stays up, I think hybrid work is here to stay in the tech world."
Persons: , Peter Cappelli, Nicholas Bloom, Bloom, Noam Shazeer, Cevat Aksoy, Aksoy, John Rossman, — it's Organizations: Amazon, Dell, Flex, Service, Wharton Business School, Big Tech, Stanford, Google, King's College London, Nvidia, Microsoft Locations: mull
Traders are watching rising risks to oil supplies as tensions in the Middle East escalate. US oil spiked 5.5% to $73.98 a barrel and Brent prices rose more than 5% to trade at $77.86. If the conflict destroys Iran's oil infrastructure, oil prices could surge 161% to over $200 a barrel, according to SEB's chief commodities analyst Bjarne Schieldrop. AdvertisementInvestors are eagerly awaiting the September jobs report, due Friday, for further signs of labor market health. Markets are pricing in a 65% chance of a smaller 25 basis point cut in November, according to the CME FedWatch Tool.
Persons: Friday's nonfarm, Biden, , Joe Biden, retaliating, Biden's, Brent, Bjarne Schieldrop, Economists, Jensen Huang, Blackwell Organizations: Traders, Service, Dow Jones, Nasdaq, Treasury, Israel, Labor Department, Federal Reserve, Costco Locations: Israel, Iran
There's one thing that Blake Shelton does daily that helps keep his marriage with Gwen Stefani strong. "The thing about Blake is that you'll never get through a day without laughing," Stefani said on "The Jennifer Hudson Show." AdvertisementGwen Stefani and Blake Shelton have been together since 2015, and there's one thing that he does every day that reminds her why she fell in love with him. "The thing about Blake is that you'll never get through a day without laughing," Stefani told Jennifer Hudson on the October 2 episode of "The Jennifer Hudson Show." Related storiesIn April, Stefani told Nylon that she had learned not to pay attention to tabloid rumors about her relationship with Shelton.
Persons: Blake Shelton, Gwen Stefani, Blake, you'll, Stefani, Jennifer Hudson, , Shelton, Gavin Rossdale, Miranda Lambert, Sabrina Romanoff Organizations: Service, Research, Business
Google's new AI podcast tool goes viral
  + stars: | 2024-10-03 | by ( Deirdre Bosa | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle's new AI podcast tool goes viralCNBC's Deirdre Bosa joins 'Money Movers' to report on Google's new AI podcast tool making headlines for its realism.
Persons: Deirdre Bosa
MrBeast has acquired a startup called Vouch, which aids creators in hiring and job postings. Vouch uses AI for job matching and was backed by VCs like Seven Seven Six and other investors. AdvertisementYouTube's top creator, MrBeast, has expanded his estimated $700 million a year business empire by acquiring the startup Vouch. Pesis brought on Patrick Dudek, also a former Cameo employee, to the Vouch team to help scale the platform. AdvertisementVouch was backed by Seven Seven Six, Liquid 2 Ventures, Shrug Capital, Niche Capital, WorkPlay Ventures, and angel investors including Andreas Klinger and Siqi Chen.
Persons: MrBeast, VCs, , Marty Pesis, they've, Pesis, Jimmy Donaldson, Donaldson, Safiya Nygaard, Danny Duncan, Goldman Sachs, we're, Kara McCloud, Patrick Dudek, Hayden Hillier, Smith, Andreas Klinger, Siqi Chen Organizations: Service, LinkedIn, YouTube, Business, Stokes Twins, AMP, Cameo, Seven Seven, Shrug, Niche, WorkPlay Ventures
The euro languished not far from a three-week trough reached in the previous session, after normally hawkish European Central Bank policymaker Isabel Schnabel took a dovish tone on inflation, cementing bets for a rate cut this month. Currently, traders lay 34.6% odds of another 50 basis-point U.S. rate cut on Nov. 7, after the Fed kicked off its easing cycle with a super-sized reduction last month. "I do think that if the payrolls report overall is not too shabby tomorrow night, then we will see that pricing (for a 50 basis-point cut) coming in quite significantly." The dollar added 0.09% to 146.575 yen after earlier reaching 146.885 for the first time since Sept. 3. The euro was little changed at $1.10455, sitting not far from Wednesday's low of $1.10325, a level last seen on Sept. 12.
Persons: European Central Bank policymaker Isabel Schnabel, Ray Attrill, Attrill, Asahi Noguchi, Sterling Organizations: Federal Reserve, European Central Bank, Private U.S, ADP, Fed, National Australia Bank, Dovish Bank of Japan Locations: U.S, Iran, Israel
Indexes edged lower Thursday as investors assessed jobless claims and geopolitical tensions. On Friday, investors will get a fresh labor market update from the September nonfarm payrolls report. AdvertisementUS stocks inched lower on Thursday, fueled by an uptick in jobless claims ahead of a key jobs report and continued tensions in the Middle East. Analysts say the report will likely have a big influence on both markets and the Fed in the coming weeks. Advertisement"We think a soft employment report is likely to generate a larger market response vs a strong labor report," Bank of America analysts said in a Wednesday report.
Persons: , Israel Organizations: Service, Labor Department, Israel, Federal, Bank of America, Trump, RBC Locations: Iran
In Detroit as in the rest of the U.S., the violent crime rate has dropped and is near historic lows. Last month, new FBI numbers showed that murder declined 11.6% in 2023, the largest single year drop on record. But Trump and his allies have also cherrypicked statistics and falsely told supporters that FBI crime data can’t be believed. Crime data skeptics also have attributed declining crime numbers to “woke prosecutors” who are failing to file charges. But Trump uses these low 2020 and 2021 victim survey numbers, despite the doubts cast on them, to argue that violent crime has spiked significantly during the Biden-Harris administration.
Persons: Donald Trump, “ That’s, James White, , there’s, ” White, carjackings, Trump, ” Trump, , Doubters, , Harris, ” Kevin Scott, ” Jeff Asher, Jordan Thornhill, Criminologist Alex Piquero, Venecca Thornhill, Andre Thornhill, “ Jordan, ” Andre Thornhill, Jordan Thornhill’s, we’re, We’ve, we’ve Organizations: NBC News, Detroit police, Detroit Police, NBC News Detroit, New York Police Department, Detroit, FBI, Department, Trump, Biden, of Justice Statistics, CIA, University of Miami, University of, Cities, Police, Chiefs Association, Michigan State, Alcohol, Tobacco, Firearms, Explosives, ATF, Michigan State University Locations: America, Detroit, United States, U.S, New York City, Thornhill,
India's recent stock market surge has investors viewing the country as an emerging market poised for long-term outperformance. The India NSE Nifty 50 Index , the country's domestic stock market benchmark, has soared 18.7% this year, hitting record levels. "The data show that, historically, the Indian market has offered robust returns with reduced volatility." Going back to 2015, INDA has seen bigger annual gains and smaller declines than the broader emerging market fund. How to play the Indian market Financials are among investors' favorite spots in India's booming stock market.
Persons: It's, Malcolm Dorson, Dorson, GlobalX, Russell, , EEM, INDA, Amr Abdel Khalek, Khalek, Jerome Powell, Venugopal Garre, Krishna Mohanraj, You've, Mohanraj Organizations: India NSE, Global, CNBC, U.S, Federal, Fed, Nasdaq, China, MRB Partners, Traders, Barclays, Diamond Hill Capital Management, HDFC Bank, ICICI Bank, Axis Bank, ICICI, HDFC, Whitehaven Coal, Prestige Estates Locations: India, China, Dorson, U.S, Whitehaven
US stocks closed higher on Wednesday as traders looked to coming economic data. The September jobs report, a key data point for the next rate move, is due out Friday. AdvertisementUS stocks ended slightly higher on Wednesday as traders anticipated key economic data in the US and looked past simmering tensions in the Middle East. Markets are also taking in positive jobs data, with the private sector adding 143,000 jobs last month, according to ADP. The latter will serve as a key data point when central bankers decide how much further to cut interest rates.
Persons: Traders, , José Torres, Torres, tomorrow's Organizations: Service, Investors, Interactive Brokers, ADP, Here's Locations: Iran, Israel
Great news for Club stocks Wells Fargo and Morgan Stanley : The rebound in investment banking isn't over yet. We'll find out to what extent when Wells Fargo reports earnings on Oct. 11 and Morgan Stanley delivers quarterly results on Oct. 16. MS YTD mountain Morgan Stanley (MS) year-to-date performance For Morgan Stanley, a resurgence in its investment banking division is crucial to our investment thesis and why we stuck with it. WFC YTD mountain Wells Fargo (WFC) year-to-date Morgan Stanley's IB business is much larger than Wells Fargo's. Wells Fargo, which has a strong wealth management franchise, is branching out to take a slice of the IB pie.
Persons: Morgan Stanley, We'll, Wells, Jerome Powell, Powell, Rebecca Brokmeier, Brokmeier, Morgan, Jim Cramer, Goldman Sachs, underperformance, Dan Simkowitz, Jim, We've, Charlie Scharf, Jim Cramer's, William McChesney Martin Jr, Anna Moneymaker Organizations: Club, Wells, Federal Reserve, Wall, P Global Market Intelligence, KPMG, Global, Fed, National Association for Business, CNBC, Morgan Stanley's IB, IB, Bloomberg News, Federal, Getty Locations: U.S, Nashville , Tennessee, Wells, Wells Fargo, Washington , DC
He criticizes the US for high debt and low growth, leading a fragile financial system. He highlighted the four categories of debt-based countries: those with low growth and high or low debt, and those with high growth and high or low debt. The US is in the category of low growth and high debt. However, if a country accumulates high debt, then continued growth is required to absorb it, he noted. At present, Taleb doesn't believe that the ballooning debt could be solved politically or by increased demand for US bonds.
Persons: Nassim Taleb, , Nassim Nicholas Taleb, Scott Patterson, Patterson, Taleb, It's, Brandon Yarckin, isn't, Mark Spitznagel Organizations: Service, Universa Investments, Bank Locations: Russia, US
Reducto raised $8.4 million in seed funding to develop AI for reading complex documents. AdvertisementLarge language models struggle to parse data in PDFs and spreadsheets, and one startup just raised a supersized seed funding round to build tech that can read these documents the way humans do. Reducto, which was founded in 2023 and a member of Y Combinator's winter 2024 batch, is announcing it raised $8.4 million in a seed funding round led by First Round Capital. One, Humata AI, raised $3.5 million from Google's Gradient Ventures a year ago, while OpenAI's ChatGPT Store showcases multiple AI PDF developers. AdvertisementCheck out the 13-slide pitch deck Reducto used to raise $8.4 million in seed funding.
Persons: Reducto, , Y, Liquid2, Arash Ferdowsi, Andrew Ofstad, Kulveer Taggar, Zeus, JJ Fliegelman, Richard Aberman, Ralph Goottee, Tracy Young, Adit Abraham Organizations: Service, First Round, Big Tech
Oil prices surged after Iran attacked Israel, fueling the sell-off. AdvertisementUS stocks dropped Wednesday as traders continued to monitor escalating tensions in the Middle East. Major indexes slumped in early morning trading while oil prices spiked for a second day, with the international crude benchmark up 2.7% to $75.63 a barrel. Investors sold stocks Tuesday after Iran launched a missile attack on Israel early Tuesday, causing some to flee to risk-off assets. "The stock market impact of geopolitical tensions largely centers around oil prices, and as long as oil prices remain below $100 per barrel and corporate profits remain strong, that is supportive of higher stock prices."
Persons: , Mary Ann Bartels, Bartels Organizations: Service, Lombard, Sanctuary Wealth, Fed Locations: Iran, Israel
I’ll frequently update this list leading up to October’s Prime Day sale on Oct. 8 and 9. SKIP AHEAD Best early Prime Day deals | More early Prime Day sales | Best sales at other retailers | How I picked the best early Prime Day deals | Why trust NBC Select? Best early Prime Day kitchen deals4.3-star average rating from 68,314 reviews on AmazonThis microwave popcorn maker is one of my favorite kitchen gadgets. Best early Prime Day salesHere are the best early Prime Day sales to know about. Best sales at other retailersHow I found the best early Prime Day dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting.
Persons: I’ve, I’ll, It’s, petrolatum, popper, fryer, Lindsay Schneider, TikTok Organizations: Deal, NBC, October’s, Alexa Voice, Amazon, Bluetooth, Wellness, Bath, Giftable Tech, Facebook, Twitter Locations: California
CNN —Palawan, a cluster of islands in the Philippines, is breathtakingly beautiful. According to Global Forest Watch, Palawan had the most tree cover loss in the country between 2001 and 2023. “Our mission is to conserve the Philippines’ last remaining 3% of pristine rainforest through the establishment of national parks,” she says. The island of Palawan is home to much of the Philippines' last remaining pristine rainforest. Duncan A. MurrellNow, their attention has turned to Sultan Peak, a mountain in the southern half of Palawan island, which has no formal protection.
Persons: Karina May Reyes, KM Reyes, , Reyes, Duncan A, Murrell, Aubrey Jayne Padilla, ” Reyes Organizations: CNN, Initiative, UNESCO, Global Forest Watch, Sustainability, Philippines ’, CS Locations: Palawan, Philippines, Puerto, Tubbataha, , Puerto Princesa, Duncan
This was the dawn of Japan’s “bullet train” era, widely regarded as the defining symbol of the country’s astonishing recovery from the trauma of World War II. A map of Japan's high-speed rail lines. Japan’s high-speed rail revolutionFast train: Japan's distinctive Shinkansen "bullet trains" have been plying the country's high-speed railways since 1964. Toru Yamanaka/AFP/Getty Image TGV: France's answer to the Bullet Train, the Train à Grand Vitesse, began operating between Paris and Lyon in 1981. Mehdi Fedouach/AFP/Getty Images China's rail expansion: China has now eclipsed the rest of the world when it comes to high-speed rail.
Persons: Yoshikazu Tsuno, Jiji Press, Toru Yamanaka, Mehdi Fedouach, Wang He, , Christopher P, Hood Organizations: CNN, Olympic Games, Hitachi, Toshiba, Mount, Getty, Mount Fuji, Tokyo, Lions, Hulton, Keystone, Jiji, West Japan Railway, Ltd, Fuji, Vitesse, Lyon, JR EAST, Eurostar, JR EAST Japan, Locations: Tokyo, Osaka, Japan, Shin, Kobe, Kyoto, Hiroshima, Nagano, AFP, North America, Europe, Korea, Russia, Honshu, Kyushu, Hokkaido, Sanrio, Paris, China, France, Spain, Belgium, South Korea, United Kingdom, Morocco, France’s, Bordeaux, Italy, Germany, Netherlands, Taiwan, Turkey, Saudi Arabia, London, Brussels, Amsterdam, India, Thailand, Wuhan, Western Europe, Nagoya, British
Amazon recently launched Cedric, an internal AI chatbot, to boost employee productivity. Amazon has repeatedly warned employees not to use third-party AI chatbots, including ChatGPT. Cedric is a "general purpose AI chatbot" that is "safer than ChatGPT," an internal document obtained by BI said. Earlier this year, Amazon formalized internal guidelines that ban external AI tools, including ChatGPT, for business purposes. Approved for 'highly confidential data'Cedric is one of the many AI tools Amazon recently launched or is building internally.
Persons: Cedric, , It's, Amazonians, it's, JP Morgan Chase, That's, Claude, Cedric doesn't Organizations: Amazon, Service, BI, ChatGPT Enterprise, Enterprise, archrival Microsoft, ChatGPT, Apple, Samsung, Cedric, Software, Amazon Web Services Locations: OpenAI
Hurricane Helene victims used iPhones for satellite messaging amid power and cell outages. AdvertisementIn the wake of Hurricane Helene, those left without power or cell service are transforming their iPhones into satellite phones. An X thread by Asheville resident Matt Van Swol demonstrated just how helpful the satellite messaging iPhone feature has been for those without WiFi or cellular service. Van Swol said he's "never been more thankful to be an iPhone user," and more chimed in with their praise of the iOS 18 feature. Related storiesHe wasn't the only one who said the satellite messaging feature was a lifesaver.
Persons: Helene, Apple, , Hurricane Helene, Matt Van Swol, Van Swol, he's, Mike Monti, Van Swol didn't, weren't, Jeneane Nicodemus Organizations: Asheville, Service, BI, Federal Communications Commission Locations: Hurricane, Asheville NC, Wyze, Asheville, North Carolina
A look back in history shows how a key group of transportation stocks performed the last time there was a major port strike, according to Wolfe Research. Against that backdrop, Scott Group, a senior analyst covering freight transportation at Wolfe, looked at transportation stocks in 2002, the last time there was a major port strike in the U.S. That strike, which lasted just 11 days and affected only West Coast ports, hurt transportation stocks throughout the protest, he said. But those same stocks staged a major comeback in the month after the strike ended. Here are how some key stocks performed during and after the last major strike. Robinson Worldwide was among the biggest laggards during the last port strike.
Persons: Wolfe, Joe Biden, Taft, Hartley, C.H, Robinson, It's Organizations: Wolfe Research, International Longshoremen's Association, Eastern Seaboard, Scott Group, ISI, Hunt Transport Services, FedEx, Norfolk Locations: North America, of Mexico, Eastern, Wolfe, U.S, West Coast, Norfolk Southern
Microsoft on Tuesday announced a major update to Copilot, its AI system, that it says marks the first step toward creating an “AI companion” for users. The updated Copilot has new capabilities, including real-time voice interactions and the ability to interpret images and text on users’ screens. Copilot’s update also reflects Microsoft’s specific vision for how everyday people will use AI as the technology develops. Microsoft AI CEO Mustafa Suleyman contends that people need AI to be more than a productivity tool, they need it to be a kind of digital friend. “I think in the future, the first thought you’re going to have is, ‘Hey, Copilot,’” Suleyman told CNN in an interview ahead of Tuesday’s announcement.
Persons: , Bing, it’s, Mustafa Suleyman, , you’re, ’ ” Suleyman, “ You’re, “ It’s, chatbot, ” Suleyman, “ it’s, Scarlett Johansson Organizations: New, New York CNN, Microsoft, Google, CNN, New York Times, Reuters, Financial Times, Labs, Windows Locations: New York
A Cure for Doomscrolling: Shaming Your Friends
  + stars: | 2024-10-01 | by ( Amanda Hoover | ) www.businessinsider.com   time to read: +9 min
For The New York Times' games app, it filled me with ire; I can't do a Sunday crossword in 10-minute increments. One downloaded it, restricted TikTok, and then texted me: "I'm currently scrolling on TikTok and plan to all day. Royce Branning, a cofounder of Clearspace, says the company started testing the friends feature after hearing that users were taking screenshots of their Clearspace screen tracking and sharing it with one another. I'm not sure where my friends spent all their screen time, but being on a phone doesn't inherently ruin your life. Maybe logging in to an app like Clearspace with friends, family, and romantic partners could help people police each other.
Persons: we've, Y Combinator, I'd, Clearspace, David McCullough, Erling Kagge, Royce Branning, Branning, I'm, Eric, Adams, Jason Nagata, Nagata, , you'd Organizations: Facebook, New York Times, New York City, University of California, American Academy of Pediatrics Locations: New York, San Francisco
A 37-year-old manager at Microsoft says AI has changed his workflow. I still have a full workloadWhile AI has definitely helped with skipping mundane tasks, that's not exactly what my team's work is focused on. Whatever time I'm getting back from leveraging AI, I'm using it for some other work. Once the developers start writing code for these projects and do the actual work, that's where we leverage AI. So that's why developers are using AI wherever they can to reduce their time, but they are using any time saved for other tasks or other features.
Persons: , Santhosh Reddy, ChatGPT, I've, It's, I'm, it's Organizations: Microsoft, Service, Google Locations: OpenAI
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