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The UAE has shown it can “guarantee the safety and the security” of chips “if and when they are being deployed and used here,” Peng Xiao, CEO of UAE AI firm G42, told CNBC at a conference in Dubai on Tuesday. “I cannot read the mind of the U.S. policymakers, but in many ways, I understand their position,” Xiao told CNBC. “At the same time from our side, we've shown from the UAE side how transparent we are and how we can guarantee the safety and the security of this technology,” he added. The United States has previously warned over G42's ties to China and its work with companies in Beijing, which Washington considers a possible security threat. In February, the group sold its stake in Chinese companies including Bytedance in a bid to reassure American partners.

Persons: ” Peng Xiao, Joe Biden, “, ” Xiao, Kiril Evtimov, Evtimov Organizations: United, United Arab Emirates ’, CNBC, Nvidia, AMD, Bloomberg, “, Washington, Bytedance Locations: United Arab, U.S, Washington, UAE, Dubai, China, United States, Beijing

☆ Companies are talking about how Election Day will impact them, from slowing beer sales to people flying less
▼ + stars: | 2024-10-16 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Earnings season is offering insight into how the US presidential election may impact big companies. So far, companies are commenting on how Election Day itself could sway their financial results. Delta expects a hit to revenue as fewer people travel around Election DayPeople will likely hold off on other kinds of spending around Election Day. Delta saw something similar happen after the 2016 election, Hauenstein said at the time. AdvertisementCompanies are issuing debt ahead of Election Day, according to CitigroupInvestment banking fees rose 44% during Citigroup's third quarter, CEO Jane Fraser said.

Persons: —, Kamala Harris, Donald Trump, they're, William Newlands, Newlands, Glen Hauenstein, Hauenstein, Delta, Jane Fraser, Fraser, Goldman Sachs, Harris, Trump Organizations: Citigroup, Delta, Service, Constellation Brands, Corona, Modelo, Constellation, Air Lines, Citigroup Investment, Bank of America

☆ Australia is going to more than double the size of Ukraine's Abrams tank force
▼ + stars: | 2024-10-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

AdvertisementAustralia plans to send Ukraine a large batch of M1A1 Abrams tanks, officials confirmed on Wednesday, in a move that will more than double the size of Kyiv's existing inventory. The planned transfer will significantly expand Ukraine's arsenal of Western-provided armored vehicles and help replace the Abrams lost in combat. An Australian M1A1 Abrams Main Battle Tank during a training exercise in August 2021. Related storiesVasyl Myroshnychenko, the Ukrainian ambassador to Australia, said that the Abrams tanks will be an "essential part" of Kyiv's land defenses. Since the Abrams are American-made tanks, Australia had to get the US to sign off on the transfer.

Persons: Abrams, —, Pat Conroy, Cpl, Sarah E, Conroy, Vasyl Myroshnychenko, we've, Myroshnychenko Organizations: Abrams, US, Ukraine, Service, Australia's Defense Industry, Bradley, Australian M1A1 Abrams, US Marine Corps, Ukrainian Armed Forces, Australian Broadcasting Corporation, NATO Defense, ABC, Canberra Locations: Australia, Ukraine, Canberra, Kyiv, Russia, London, Ukrainian

☆ Holiday shopping season: An early look at how retail stores and e-commerce are getting ready for the rush
▼ + stars: | 2024-10-16 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

The consumer continues to look healthy and the supply chain has regained stability as the holiday shopping season begins. "Across the board, we are seeing volumes very similar to what we've seen in past years, especially last year," said Kelleher. Amazon recently announced its plan to hire 250,000 additional workers for the holiday season, the same seasonal hiring level as last year. "This will achieve some cost efficiencies in getting that volume out because of inflation and cost," he said. "So typically, Cyber Monday is a heavy volume day," Kelleher said.

Persons: Patrick Kelleher, we've, Kelleher, " Kelleher Organizations: DHL Supply, North, CNBC, Freight, National Retail Federation Locations: North America

☆ 'Gladiator II' star Paul Mescal's first big role was a breakfast sausage ad in Ireland: It 'paid for my rent for 5 months'
▼ + stars: | 2024-10-16 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

With an Oscar nomination under his belt and the hotly anticipated Ridley Scott epic "Gladiator II" on the horizon, Paul Mescal's career couldn't be going better. Mescal, who had just graduated drama school, was interested in serious dramatic projects. "That paid for my rent for five months, so I'll hear no Denny's slander," he told GQ. "If I ever feel like I get too big for my boots, it kind of pops up somewhere that we shouldn't forget that I was promoting sausages when I got out of drama school," he said. Start today and use coupon code EARLYBIRD for an introductory discount of 50% off through Nov. 26, 2024.

Persons: Ridley Scott, Paul Mescal's, couldn't, Mescal, Denny, we've, let's Organizations: Hollywood, BBC, CNBC Locations: Irish

☆ Luxury stocks slide as LVMH disappoints and Wall Street eyes few signs of stronger China demand despite stimulus
▼ + stars: | 2024-10-16 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

The Dior and Louis Vuitton parent pointed to weak consumer demand in China. Wall Street analysts say recent stimulus measures likely won't be enough for spending in China to rebound. The company pointed to overwhelmingly weak demand in China, with organic sales in Asia (excluding Japan) falling 16%. The company gave vague forward guidance, and analysts on Wall Street say the country's recent stimulus won't be enough to reverse the weak demand. China's latest stimulus package, unveiled late last month, has aimed to prop up the country's weak consumer demand and struggling property sector.

Persons: LVMH, Hermes, Dior, Louis Vuitton, —, Christian Dior, Jean, Jacques Guiony, Guiony, We've Organizations: L'Oreal, Wall Street, Service, Wall, Citigroup Inc Locations: China, Asia, Japan

☆ What the charts say about whether the S&P 500 can continue higher into year-end
▼ + stars: | 2024-10-16 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +5 min

The S & P 500 continues to make new highs, and volatility continues to decline. First, the S & P 500 has logged just two absolute 1% moves since Sept. 19, which is nearly a month's worth of trading. In fact, 114 S & P 500 stocks made new 52-week highs on Tuesday, which was the first time we've had over 100 since 7/16/24. With the day's opening and close both being higher and lower than the prior session's, this created a bearish engulfing pattern. The bottom line is that the S & P 500 and dozens of its holdings have built up substantial cushions by strongly coming back from the August lows.

Persons: we've Organizations: CNBC, NBC UNIVERSAL

☆ Kids won't always be happy, and that's OK. Allowing room for the full range of emotions sends an important message.
▼ + stars: | 2024-10-15 | by ( Gabrielle Stanley Blair | Ben Blair | ) www.businessinsider.com time to read: +7 min

This is an adapted excerpt from their new book "The Kids Are All Right: Parenting with Confidence in an Uncertain World." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne thing we've noticed with our six kids is that each has a different emotional baseline. After all, the work usually involves difficult, objectionable, or tedious work (like clearing out an attic, removing wallpaper, cleaning out a drain, or taking a load of heavy bags to the dump). Excerpted from The Kids Are All Right: Parenting with Confidence in an Uncertain World by Gabrielle Blair and Ben Blair.

Persons: Gabrielle Blair, Ben Blair, —, We've, We're, We'll, we'd, Workman Organizations: Newlane University, Service, Workman Publishing Co, Inc, Hachette Book Locations: United States, Normandy, France

☆ I have 6 short-term rental properties. People think real estate is passive income, but I disagree.
▼ + stars: | 2024-10-15 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Alongside her partner Philippe, she now has six short-term rental properties. AdvertisementThis as-told-to essay is based on a transcribed conversation with Kerri Gibson, 48, based in Orford, Quebec, about her short-term rental business, Chalets Hygge. Some people consider getting into real estate as a source of passive income, but I wouldn't say it's passive at all. We funded the downpayment through an equity release in the form of a mortgage on our personal home turned short-term rental. Real estate has historically been thought of as passive income, running short-term rentals is not passive.

Persons: Kerri Gibson, Philippe, Gibson, —, I'd, Votre Histoire.co Philippe, We've, COVID, there'll Organizations: Service, Business Locations: Orford , Quebec, Airbnb, CA75,000, CA188,000, Vancouver, Quebec, Montreal, Orford, OTAs

☆ Harris PAC's $1 million contribution from Ripple's Chris Larsen shows crypto industry warming to VP
▼ + stars: | 2024-10-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

In total, Larsen has given around $1.9 million to support Harris' campaign directly and through PACs, according to FEC data compiled by crypto market and blockchain analyst James Delmore and independently verified by CNBC. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a recent report from the nonprofit watchdog group Public Citizen. "What we've had to date has been almost like purposeful chaos by Gensler to kind of crush the domestic industry," Larsen said. Horowitz said that he and his wife, Felicia, "have known Vice President Harris for over 10 years and she has been a great friend to both of us during that time." On Monday, the Harris campaign unveiled its "Opportunity Agenda for Black Men" in a report.

Persons: Chris Larsen, Donald Trump's, Chris Larsen isn't, Ripple, Kamala Harris, Larsen, who's, Harris, he's, Biden, " Larsen, isn't, James Delmore, that's, Evelyn Hockstein, Andreessen Horowitz, Trump, keynoted, Josh Shapiro, John Deaton, Massachusetts Republican who's, Democratic Sen, Elizabeth Warren, Nancy Pelosi, Gary Gensler, Brad Garlinghouse, Marvin Ammori, Skybridge Capital's Anthony Scaramucci, Scaramucci, Warren, Ben Horowitz, Marc Andreessen, Horowitz, Felicia, Delmore Organizations: YouTube, White, CNBC, Biden, Democratic, Harris, Fund, Forbes, Public Citizen, U.S, Erie International Airport, Democratic Pennsylvania Gov, Massachusetts Republican, Nancy Pelosi Victory Fund, Biden PAC, SEC, Trump, Ripple, White House, Sen Locations: Bay, Erie , Pennsylvania, U.S, Nashville , Tennessee, Massachusetts, Washington ,, New York

If you travel and you haven't looked at your credit card's transfer partners, you might be missing out. There is no right or wrong way to use points and miles you've earned when you use a credit card, and the options are plentiful. Rewards credit cards allow you to earn points or miles on every purchase rather than giving you cash back immediately. Strategically using credit cards this way is a great way to capitalize on your spending, especially if you love to travel like our family does. My favorite credit cards are the most flexible onesWhile debating what type of credit card to open and use to earn points can be daunting, our family loves using credit cards that give you the most flexibility in redeeming those points.

Persons: haven't, —, you've, I've, Paul into, Paul Organizations: Service, Delta, Venture, Sapphire, Express, Virgin Atlantic, Virgin, KLM Locations: Europe, Minneapolis, St, Paul into Rome, Barcelona

☆ We moved from NYC to Raleigh. I didn't think I'd be happy in a smaller Southern city, but it's exceeded my expectations.
▼ + stars: | 2024-10-15 | by ( Elliott Harrell | ) www.businessinsider.com time to read: +5 min

After years of living in highly populated cities, my husband and I moved to Raleigh, North Carolina. AdvertisementI grew up in a small city in South Carolina and went to college in rural Virginia. Here are a few of my favorite things about life in the Southern city. The best part is that we pay less a month for our mortgage than we did for our small NYC rental. Restaurants and chefs from Raleigh are routinely nominated for James Beard awards, and I'd pit some of our favorite eateries against NYC hot spots.

Persons: —, Elliott Harrell, I've, it's, There's, William B, we've, James Beard Organizations: Raleigh, Service, NYC Locations: Raleigh , North Carolina, South Carolina, Virginia, Washington, DC, Sydney, San Francisco, New York City, North Carolina, Raleigh, New York, Southern, Raleigh There's, greenways, There's, Brooklyn

☆ We're adding to a tech stock that's been on our shopping list since last week
▼ + stars: | 2024-10-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Following the trade, Jim Cramer's Charitable Trust will own 575 shares of AMD, increasing its weighting to 2.70% from 2.35%. We also liked how she raised AMD's total addressable market forecast for AI chips to over $500 billion by 2028. As for fellow Club stock Nvidia , it's always good to remember that demand is so strong that its chips are on allocation. 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's, We've, Lisa Su's, Biden, it's, Jim Cramer, Jim Organizations: AMD, Bloomberg News, Nvidia, Microsoft, Club, CNBC

☆ Tech execs from Salesforce and Qualcomm share their best practices for implementing AI in the workplace
▼ + stars: | 2024-10-15 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Tech execs discussed AI's role in the workplace at the trade show MWC Las Vegas. "And where I'm seeing a little bit more hesitation and where people really need to invest in their red-teaming efforts, really need to invest in their evaluation frameworks, is those large external-facing use cases that are actually going to touch millions of customers," Williams added. AdvertisementOthers cautioned about companies getting swept up in the AI boom and implementing AI just for the sake of it. In her keynote, Salesforce's Goldman concluded with the importance of "making sure that we're leveraging AI in service of human strengths." "To make AI work for our businesses, we have to first make sure it works for the people our businesses serve and the people our businesses employ," she said.

Persons: —, We've, Durga Malladi, Shankar Arumugavelu, Arumugavelu, Paula Goldman, Salesforce's, Goldman, Julian Williams, Williams, Piers Sanders, Salesforce's Goldman Organizations: Tech, MWC, Vegas, Service, Mobile, Congress, Verizon, Qualcomm, Verizon Global Services, AI, VC, MWC Las Vegas, Sand Technologies Locations: Anthropic

☆ Election prediction markets are in a sprint to prove themselves as forecasting and investing tools
▼ + stars: | 2024-10-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +7 min

"Things were going okay before the election contracts, but since we put them on the platform there's been a lot more interest," Sanders said. The election contracts on each site are binary, and they pay out $1 if the correct outcome is chosen and $0 for the incorrect outcome. A fifth arena, Polymarket, is a blockchain-based prediction platform that is not open to U.S. customers. If they prove to be accurate over time, the prediction markets may also serve non-traders such as consultants and fundraisers who want to glean more insight into the election. Concerns More ominously, critics of the election markets have raised alarm that they could be moved by one or two big traders for possibly nefarious purposes.

Persons: politicos, Kalshi, Steven Sanders, Sanders, John Phillips, Phillips, Tarek Mansour, Bob Elliott, Ray, Elliott, Polymarket, Nikki Haley, Michelle Obama, Matt Thompson, Thompson, Koleman Strumpf, Cantrell Dumas, Dumas, PredictIt's Phillips, Strumpf, Mansour, We've Organizations: Wall, Interactive, Futures Trading Commission, CFTC, Kalshi, Funds, Bridgewater Associates, South Carolina Gov, Republican, Little Harbor Advisors, Wake Forest University, Better, CNBC, Wake Locations: Iowa, Winston, Salem, N.C, Susquehanna

Keep reading to learn how to watch Philadelphia Flyers vs. Edmonton Oilers live streams. Below, we've compiled everything you need to know about watching the Flyers vs. Oilers. What channel is the Philadelphia Flyers vs. Edmonton Oilers game on? The Philadelphia Flyers vs. Edmonton Oilers game will air on ESPN in the US. Check price at ExpressVPNHow to watch Philadelphia Flyers vs. Edmonton Oilers with a VPNSign up for a VPN if you don't already have one.

Persons: you've, ExpressVPN Organizations: Business, NHL, Flyers, Oilers, Philadelphia Flyers, Edmonton Oilers, Vancouver Canucks, Calgary Flames, The Oilers, Florida Panthers, Flames, Chicago Blackhawks, Winnipeg Jets, . Oilers, ESPN, DirecTV, Sling, ESPN2, ESPN3, Fubo Locations: Canada, Philadelphia, Edmonton

☆ Why best-selling novelist James Patterson loves Substack — and hates AI
▼ + stars: | 2024-10-15 | by ( Peter Kafka | ) www.businessinsider.com time to read: +8 min

Novelist James Patterson — along with a hardworking group of co-authors — generates multiple books a year. So I think that's kind of cool. I'm going to do a movie about cowboys and circuses! People don't think of them that way. So people ask — "What's the difference between James Patterson working with a group of people to make stuff in the voice of James Patterson and James Patterson using AI for the same thing?"

Persons: James Patterson —, that's, —, James Patterson, he's, Tina Brown, Patterson, Bill Clinton, Stephen King, you'd, We'll, Clinton, We're, nobody's, I've, we've, Hillary, don't, Let's, Eric Trump, Bush, John, Grisham, Don, Henley, Joe Walsh Organizations: Service, Hollywood, Clinton, The Eagles Locations: Hollywood

☆ China's new focus in U.S. elections interference is not Harris-Trump presidential race
▼ + stars: | 2024-10-15 | by ( Barbara Booth | ) www.cnbc.com time to read: +5 min

With the U.S. presidential election fast approaching, U.S. intelligence officials have issued a stark warning: China's latest efforts to influence the outcome is shifting away from the presidential race and toward state and local candidates. This new focus is part of a broader strategy by Beijing to build relationships with officials who could eventually advance China's interests. Local and state elections have become prime targets for Chinese interference because they receive far less scrutiny than national races, making it easier for China's influence campaigns to fly under the radar. One example of China's influence operations is its use of disinformation campaigns designed to exploit divisive issues such as immigration, racial justice, and economic inequality. Despite these efforts, controlling the full scope of foreign influence operations remains a daunting challenge.

Persons: they've, Brandon Wales, they're, cyberthreats, Javad Abed, Abed, George Floyd, Kent Walker, Mark Warner, John Cohen, Cohen Organizations: U.S, Infrastructure Security Agency, Johns Hopkins Carey Business School, Microsoft, Intelligence, Senate Intelligence, Center for Internet Security Locations: Beijing, Washington, Russia, China, Iran, U.S, Wales

☆ In the competitive world of pharma, companies need to focus on worker well-being to retain top talent, says Ferring's HR exec
▼ + stars: | 2024-10-15 | by ( Julia Hood | ) www.businessinsider.com time to read: +7 min

She said that Ferring has grown more intentional about focusing on worker well-being, which is particularly important for the highly competitive field of healthcare. What are the benefits for companies focused on worker well-being? We've defined well-being in a holistic way, so it's not just about physical well-being; it's also about mental well-being and financial well-being. What advice do you have for other companies that are just getting started thinking about DEI and worker well-being initiatives? What policies demonstrate your focus on worker well-being?

Persons: —, Johnson, JP Morgan, Ferring, We've, it's, I've, we've, you've Organizations: Ferring Pharmaceuticals, Service, gastroenterology, Johnson, American Express, Pharma, pharma Locations: Swiss, Switzerland

☆ There are 2 things that could go wrong for the US economy and spark a recession, Morgan Stanley says
▼ + stars: | 2024-10-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

There are two things that could go wrong in the economy that could lead to a recession, Morgan Stanley said. AdvertisementThe US economy appears on track to keep growing, but there are two things that could spoil the no-recession forecast on Wall Street, according to Morgan Stanley. A slowdown, then people get laid off, laid off people spend less, the economy slows down more, and it snowballs," he added. "So that's another place where I think we could be wrong," Carpenter said of his recession forecast, though he reiterated that a downturn wasn't his baseline view. And if anything, where we were wrong with our forecast so far is that things have turned out even better than we dare hoped," Carpenter added.

Persons: Morgan Stanley, —, Seth Carpenter, Carpenter, Trump, Morgan, we've Organizations: Service, Bureau of Labor Statistics, New York Fed

☆ Jim Cramer is holding on to Starbucks as new CEO starts making changes
▼ + stars: | 2024-10-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "Don't sell the stock," Jim urged, outlining several reasons why investors should hold in his Sunday column . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, Jim, he'd, Brian Niccol, Niccol, we've, Stocks, Jim Cramer's Organizations: CNBC, Apple, Evercore ISI, Constellation Brands, Wall Street Journal, Boeing, VF Corp, Southwest Airlines Locations: Wells Fargo

☆ Evercore analyst says buy Apple on ability to beat low bar. We see no rush
▼ + stars: | 2024-10-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Apple stock jumped Monday after a Wall Street firm touted the iPhone maker ahead of its quarterly earnings report. Analysts said Apple's stock may be able to advance higher on a late October earnings report that merely matches Wall Street estimates, so investors should be positioned accordingly. However, we do agree with Evercore's optimism on AI iPhone integration, and its ability to usher in an upgrade cycle for Apple's flagship device. But with our "own it, don't trade it" view still intact on Apple stock, it's acceptable for the upgrade cycle to get off to a slower start. "I'm for the elongated [upgrade] cycle," Jim Cramer said on Monday.

Persons: Apple, Apple's, Jim Cramer, Jim Cramer's, Jim, Tim Cook, Victor J Organizations: Apple, Street, Bears, Huawei, Apple Intelligence, CNBC, Apple Inc, Blue, Bloomberg, Getty Locations: China, New York

☆ Ultra-gory 'Terrifer 3' kicks 'Joker 2' off the top of the box office chart, as Art the Clown is hailed a new horror icon
▼ + stars: | 2024-10-14 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Horror fans are calling the main character, Art the Clown, a new icon for the genre. Fans say the success of "Terrifier 3" has cemented its lead character, the demonic, mute serial killer Art the Clown, as a horror icon. Now, fans have hailed Art as a modern horror icon akin to other slasher villains such as Norman Bates, Leatherface, Michael Myers, and Freddy Krueger. My horror hot take:Art the Clown is the first true horror icon to emerge thus far this century (Pennywise was already an icon under Tim Curry, and the “Saw” films have gone on without Jigsaw). He’s the horror icon we need right now.

Persons: —, David Howard Thornton, Art, Todd Phillips, Norman Bates, Leatherface, Michael Myers, Freddy Krueger, Pennywise, Tim Curry, Freddy, pic.twitter.com, S7xUQYjWAp — Shawn, dHGeWMkPap — John Squires 🎃, rueger Organizations: Service, Marvel

If you're part of an online bank, transactions aren't processed on holidays. We've included a list of holidays when most banks (including the best banks in the U.S) close, plus alternatives for accessing cash if you need money quickly. Others, like TD Bank and Regions Bank, have separate pages with bank holiday schedules. Most banking transactions don't process on bank holidays, regardless of whether you use an online or brick-and-mortar bank. Transactions at brick-and-mortar banks like Chase, Wells Fargo, and Bank of America won't be processed until the next business day.

Persons: We've, Martin Luther King, Jr, doesn't, Sophia Acevedo, Sophia, Axel Springer, Education Sophia, Kit Pulliam, They’ve, Kit Organizations: Federal Reserve, Columbus, Indigenous Peoples, TD Bank, Regions Bank, Ally Bank, Bank of America, Business, Finance, Bank, Savings, Education, California State University Fullerton, National Association of Hispanic Journalists, Angeles, Pulliam, Tax, MSN, Vanderbilt University Locations: U.S, Chase, Wells Fargo, California

☆ Collapse risks loom as markets are the most fragile they've been in 20 years, 'Black Swan' author Nassim Taleb says
▼ + stars: | 2024-10-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

"The Black Swan" author Nassim Taleb says he's focused on hedging against a market collapse. He said the market is flashing parallels to prior crashes, noting that it is the most fragile in 20 years. He pointed to risks like high debt levels and "crazy" stock prices in an interview with Bloomberg. Nassim Taleb, author of "The Black Swan," the famed treatise on the risks related to improbable events, aired concerns over the state of the market in a recent interview with Bloomberg. Universa Investments is technically "market blind," Taleb said, as the firm employs an investment strategy that disregards short-term market forecasts.

Persons: Swan, Nassim Taleb, he's, —, Taleb, Mark Spitznagel Organizations: Bloomberg, Service, Universa

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