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☆ Americans aren't spending like they used to
▼ + stars: | 2023-06-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

You can also download the app to get notifications about our biggest markets stories. Spending has remained elevated even through the Fed's 10 straight rate hikes, but warning signs of a change have started to surface. That's going to further take the wind out of Americans' brisk spending over the last few years. From David Rosenberg to Rob Arnott, experts are sharing what the disruptive technology can mean for the economy, jobs, and stock market. The biggest companies and banks can't agree on where the stock market is heading next.

Persons: I'm Phil Rosen, You'll, let's, Derek Davis, Patek Pilippe, Audemars, Jerome Powell, Brian Moynihan, Morgan Stanley, Andy Ryan, Pablo Hernández de Cos, David Rosenberg, Rob Arnott, Stocks, Russell, Goldman Sachs, Phil Rosen, Max Adams, Hallam Bullock Organizations: Big Apple, Portland Portland Press, Getty, Rolex, Bloomberg, Bank of America, Bank of Spain, Fed, Wall Street, Royal, Nvidia, Tesla, Morningstar Locations: Madrid, Phoenix, Miami, Royal Caribbean, New York, London

☆ How stocks reacted to Fed chief's comments and why Nvidia trimmed most of its losses
▼ + stars: | 2023-06-28 | by ( Morgan Chittum | ) 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. Powell hints at future rate increases Strong demand outweighs potential AI crackdown Look out for the Fed's stress tests 1. 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, Powell, Jerome Powell's hawkish, Wells, Morgan Stanley, Jim Cramer's, Jim Organizations: CNBC, Wall Street Journal, Nvidia, Devices, Club, AMD Locations: Portugal, China

☆ The Federal Reserve thinks catastrophe is coming for US businesses
▼ + stars: | 2023-06-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

One report, written by the Federal Reserve's own economists, left me with not exactly an upbeat outlook. Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, Capitol Hill in Washington. That is, more than a third of companies could default in the coming months, thanks to tightening monetary policy. Basically, they are predicting that companies feel pain in times of policy tightening, especially those with weaker balance sheets to begin with. Investors should monitor these bearish signals to stay ahead of a potential sell-off in the stock market.

Persons: Phil Rosen, You'll, Jerome Powell, Jacquelyn Martin, Ander Perez, Orive, Yannick Timmer, Kevin Rendino, he's shorting, Goldman Sachs, Morgan Stanley, Max Adams, Hallam Bullock Organizations: Federal, Financial Services, Capitol, European Central Bank, Bloomberg, Bank of America, Barclays, Elon Musk's Locations: New York, Washington, London

☆ Russia's near-mutiny just cratered its currency against the dollar
▼ + stars: | 2023-06-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

The near-mutiny in Russia this weekend had some unexpected consequences for currencies — more on that below. And yet — the Russian ruble still plunged 3% to a 15-month low on Monday, trading at one point near 87 per dollar. The Kremlin said there was a huge uptick in foreign currency demand across 15 regions in Russia, per Reuters. During the mutiny, Russian banks had cut their ruble exchange rates to over 100 per dollar, though they've since eased prices. What's your outlook for the Russian ruble by year-end?

Persons: Phil Rosen, You'll, Vladimir Putin, GAVRIIL, Yevgeny Prigozhin's, Wagner, Prigozhin, Andrei Belousov, Putin hasn't, Spencer Platt, Morgan Stanley, Billionaire Ron Baron, Warren, there's, Goldman Sachs, Elon, Max Adams, Hallam Bullock Organizations: SPUTNIK, Getty, Reuters, Wall Street Journal, Manchester United, Walgreens, Alliance Inc, Billionaire, Dow, Harvard, Bank of America, Elon Musk's Locations: New York, Russia, Moscow, Ukraine, —, Voronezh, Rostov, Lipetsk, London

☆ All this AI hype could be distracting us from serious economic threats in the US
▼ + stars: | 2023-06-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Moving forward, we'll be highlighting the latest markets news in our daily flagship newsletter, Insider Today — be sure to sign up. The excitement around ChatGPT, AI, and related tech stocks is old news now, but Wall Street can't stop talking about it. Elon Musk, Nouriel Roubini, and a chorus of Wall Street firms have issued dire warnings. The country's slowing trade, weak industrial production numbers, and piling debt all ultimately present problems for Wall Street, which may be catching on to the risk. What do you see as the connection between economic troubles and AI hype?

Persons: Phil Rosen, —, It's, Pepper, Paco Freire, that's, Zahra Tayeb, Elon Musk, Roubini, Kelvin Wong, Angela Weiss, Wagner, Vladimir Putin, Gary Black's, Goldman Sachs, Morgan Stanley's Adam Jonas, Jason Ma, Jack Sommers Organizations: Getty, Nvidia, Federal, Street, Wall, Nasdaq, Carnival plc, Harvard, Elon Locations: New York, China, America, Los Angeles, London

☆ JPMorgan fined $4 million by SEC for deleting 47 million emails
▼ + stars: | 2023-06-23 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

New York CNN —The Securities and Exchange Commission fined JPMorgan Chase $4 million for mistakenly deleting 47 million emails, many of which the regulator was trying to access as part of multiple probes. SEC regulations required JPMorgan (JPM) to retain emails for a 36-month period. Upon discovery, JPMorgan reported the deletions to the SEC in 2020. “Because the deleted records are unrecoverable, it is unknown – and unknowable – how the lost records may have affected the regulatory investigations,” the SEC order stated. “JPMorgan takes its record-keeping obligations seriously,” said Veronica Navarro, who heads JPMorgan’s corporate communications division.

Persons: “, ”, Veronica Navarro Organizations: New, New York CNN, Securities, Exchange Commission, JPMorgan Chase, SEC, JPMorgan Locations: New York

☆ Dr. Chatbot will see you now
▼ + stars: | 2023-06-06 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

Almost invariably, the chatbot answers were rated as three or four times as reliable as the ones from the poor wee humans. But here's the most striking part: The chatbot answers, on average, were rated seven times as empathetic as the ones from humans. It's as if the unfeeling android Mr. Data figured out how to convincingly emulate Dr. Crusher's comforting bedside manner. Give those medical chatbots access to people's individual medical records, and they could offer more precisely directed advice. Healthcare AI startups will want the cheapest versions with the most financial bang, which won't necessarily have the best patient outcomes.

Persons: feely, San Diego lurked, I'm, ChatGPT, John Ayers, Ayers, —, chatbot, they're, That's, They're, Teva Brender, Brender, Jonathan Chen, Greg Corrado, isn't, Adam Rogers Organizations: University of California, UC San Diego, Pew Research Center, Harvard, Google, Stanford University School of Medicine, Food and Drug Administration, Healthcare Locations: San Diego, San Francisco

☆ The Death of Passwords Is Coming, a New Technology Will Replace Them
▼ + stars: | 2023-06-05 | by ( Shubham Agarwal | ) www.businessinsider.com time to read: +14 min

Despite their ease of use, passwords come with significant downsides: More than 80% of data breaches are the result of weak passwords. In 2004, Bill Gates famously envisioned the death of traditional passwords, and there have been several attempts to replace them. That's great if all of your devices are from one company — your Apple passkey would work across an iPhone, iPad, and MacBook. "Similar to our recommendations when it comes to other forms of authentication, we advise against the sharing of passkeys, passwords, etc. Passwords won't disappear overnight, but what FIDO Alliance has accomplished has convinced me our passwordless future is just around the corner.

Persons: it's, I'm, Zhao, There's, Christiaan Brand, Bill Gates, FIDO, Steve Won, Florentin, passkeys, Andrew Shikiar, Won, Google's Brand, 1Password, Buffalo's Zhao, Shubham Agarwal Organizations: Microsoft, Cybersecurity Ventures, Apple, Google, Alliance, University at Buffalo, University of Cambridge, Mastercard, TU Darmstadt, FIDO Alliance, Bluetooth, Research, Istanbul Technical University, University, Buffalo's, Wired, Company Locations: Germany, Ahmedabad, India

It's not even midyear yet, but the full gamut of scenarios has been juggled in just five months. World markets have swung from "hard landing" fears of late 2022 to the "soft landing" hopes of the new year and then even unnerving thoughts of "no landing" at all - just before the banking stress hit of March forced them to return to square one. "The economy is more resilient than the market realizes," BlackRock's Chief Executive Larry Fink said on Wednesday, adding more interest rates rises will be necessary but that he saw no "evidence that we're going to have a hard landing." A "soft landing" typically relates to the ability of the Federal Reserve and other central banks to get inflation back close to 2% targets without crashing the economy into a deep contraction with surging unemployment via extreme rate rises. If correct - and not all agree - the prospect of a sustained return to 2% inflation targets would surely turn off the seatbelt sign.

Persons: Larry Fink, Willem Sels, Simona Mocuta, Mocuta, Mike Dolan, Lisa Shumaker Organizations: Federal Reserve, Reuters Graphics Reuters Graphics, HSBC Global Private Banking, Nasdaq, Street Global Advisors, Reuters Graphics Reuters, Reuters, Twitter, Thomson Locations: U.S, Wall, United States, Europe

☆ Google says Gmail on your phone just got a lot faster thanks to A.I.
▼ + stars: | 2023-06-02 | by ( Hayden Field | ) www.cnbc.com time to read: +1 min

Searching for an old email containing guidelines from your boss, your friend's address or your airline rewards number is about to get a whole lot easier, according to Google. On Friday, the company announced an artificial intelligence update for Gmail: Over the next 15 days, end users will begin to see "top results" when they search their inboxes, featured above the "all results" section. The new category is fueled by Google's machine learning models, which will analyze the search term, most recent emails and "other relevant factors" to determine which messages count as the best match for the query. The news is the latest in a line of strategic changes for the email service, including a controversial update to the inactive account policy in May: Once a Google account has not been used in two years, the company may then delete the account, including all its content and data. In February, Google completed the rollout of its new Gmail interface for every user, which featured a redesign and emphasis on the company's other productivity tools.

Organizations: Google

☆ Should you check emails on vacation or face a ‘tidal wave’ of messages later? These CEOs have some ideas
▼ + stars: | 2023-05-22 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +6 min

Should you check email on vacation or face a tsunami of messages once you're back at the office? An 'email intervention'Robinson launched an "Email Intervention Campaign" earlier this month to deal with issues like "vacation email panic," he told CNBC Travel. "I encounter tons of people who are burned out from email," said work-life speaker and consultant Joe Robinson. Robinson advises companies to create defined email policies, ideally ones which give workers permission not to check email on vacation. Don't respond (if you don't have to) Emails proliferate like rabbits, said Joe Robinson.

☆ Google tells staff it's rebooting its annual 'Googlegeist' employee survey, which has been delayed due to 'layoffs' and an 'urgency around AI'
▼ + stars: | 2023-05-19 | by ( Hugh Langley | Rosalie Chan | ) www.businessinsider.com time to read: +1 min

Google's annual employee survey has been delayed. The company told staff this week that it's rebooting the survey to make it more regular. It hopes to have the new Googlegeist ready to go in a couple of months. Google's annual "Googlegeist" employee survey has always been a good way to read how employees feel about the company. Are you a Google employee with a tip?

☆ People are complaining about Gmail sticking ads that looks like emails in the middle of their inbox
▼ + stars: | 2023-05-10 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Some Gmail users are unhappy that ads are showing up in the middle of their email inbox. The new ad placements were tested last year on mobile, and rolled out to desktop in the last month. Some people are seeing ads show up between emails in their Gmail inbox — and they are not happy about it. A Twitter user named Rosemary H tweeted that they were "INCENSED" about the ads showing up in their inbox. Another Twitter user shared a photo of ads at the top and in the middle of his Promotions inbox, saying Google is "going ham" with the ads.

☆ 10 Things in Tech: Amazon is offering money to pick up your order, ChatGPT writes a “Succession” scene, and tips from an OnlyFans creator
▼ + stars: | 2023-05-10 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

Amazon Astro Amazon1. Internal documents revealed that Amazon plans to make Astro "more intelligent, more useful, and conversational." The project is internally called "Burnham" and is the latest example of Amazon's push to bring AI to its services and products. Internal documents signal that Amazon is pretty confident that this is a major upgrade to the home robot. Amazon is offering $10 for you to pick up your own order.

☆ Pioneer beats on earnings, announces succession, tweaks dividend — a mix pressuring the oil stock
▼ + stars: | 2023-04-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Pioneer set its second-quarter base plus variable dividend at $3.34 a share – factoring in a base dividend of $1.25, which was raised 14% from $1.10, and a variable dividend of $2.09. Management wants more flexibility to repurchase shares instead of paying a huge variable dividend. This means that Pioneer will likely shift what previously went to the variable dividend into share buybacks. Notably, Pioneer doesn't hedge its oil production, making its realized pricing closer to that of the underlying commodity. Oil production is forecast between 357,000 to 372,000 barrels per day, which at the midpoint tops estimates of 364,000.

☆ Check out the pitch deck identity management startup Lockr used to raise $2.5 million in pre-seed funding
▼ + stars: | 2023-04-20 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Identity and email management company Lockr raised $2.5 million in pre-seed funding this week. Check out the pitch deck that convinced investors like Mozilla Ventures to join the funding round. Lockr, a digital identity management startup, said this week it had raised $2.5 million in pre-seed funding, investment it plans to use to grow its team, scale its userbase, and add more features to its consumer product. For publishers and marketers, the company provides Lockr Identity. Investors in Lockr's pre-seed funding round included Mozilla Ventures, Junction Venture Partners, and Grit Capital Partners, as well as individual investors.

☆ How 4 US health systems are using AI to tackle big challenges like managing patient emails and documenting visits
▼ + stars: | 2023-04-20 | by ( ) www.businessinsider.com time to read: +7 min

Leaders at four health systems shared how they use AI to manage emails or help doctors take notes. Some health systems also have experimented with using AI to help diagnose disease. But health systems are generally cautious about deploying the technology in clinical care, where the stakes are higher. Here's how four healthcare systems are using AI to tackle some of their biggest challenges. Sutter Health is using AI to manage patients' messagesDr. Albert Chan, the chief digital health officer at Sutter Health.

☆ I use these 5 ChatGPT hacks to cut my workload by 8 hours a week. Here's the exact wording of my prompts.
▼ + stars: | 2023-04-06 | by ( Ashley Couto | ) www.businessinsider.com time to read: +6 min

Here are my five most valuable hacks, with example prompts I use daily to reduce my workload. I started using AI tools in 2022 but didn't find them to be effective at capturing brand voice and tone. I think the best marketing copy reads a little below that, at a fifth- or sixth-grade level. With ChatGPT, I can write freely and then prompt the AI to change the reading level and tone for me. I interact with other marketers on Discord servers and in Facebook groups to get more ideas for using ChatGPT.

☆ Trump will rush back to post-arraignment press event in Florida less than 6 hours after courthouse plea
▼ + stars: | 2023-04-03 | by ( Warren Rojas | ) www.businessinsider.com time to read: +2 min

Donald Trump is expected to be arraigned in New York City on Tuesday afternoon. The embattled former president plans to race back to Florida immediately after and give a speech. Trump is counting on having hundreds of supporters by his side post-arraignment. Trump's arraignment is reported to start at 2:15 ET as he faces charges brought by Manhattan District Attorney Alvin Bragg. ScreenshotTrump announced on social media that he would fly to New York on Monday, and planned to spend the night at his apartment there.

☆ Newsletters are helping these companies save money and bring a personal touch into their marketing strategies
▼ + stars: | 2023-03-31 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +8 min

Small-business owners say email marketing is one of the most cost-effective ways to reach an audience. These growing companies share how they saved money and were able to make more personal connections through email marketing. According to eMarketer, 67% of marketing professionals are investing in email marketing, and 48% of millennial consumers prefer to receive deals from brands via email. It gives businesses a direct pipeline to their audienceCollecting customer information is one of the most valuable aspects of email marketing, McNair said. "If you're not doing email marketing, you're leaving really important money on the table."

☆ How your business can leverage email marketing for closer customer relationships
▼ + stars: | 2023-03-31 | by ( Sponsor Post | Created Insider Studios With Mailchimp | ) www.businessinsider.com time to read: +6 min

In pursuit of this goal, email marketing can be a valuable and lucrative tool for these companies to leverage. Email marketing can be an effective and lucrative marketing channel for many businesses, with a remarkable return on investment of $43.60 for every dollar spent, according to the Data & Marketing Association. Leverage an email marketing strategy that is content-infusedMany middle-market companies have established an active content strategy, but what some overlook is creating an email marketing strategy to boost that content. A good email strategy allows you to address your business goals with potential campaigns, timing, audience demographics, and promotional tactics to get more signups. The bottom line: Email marketing is a powerful marketing channel and should be a key component of any mid-market business's marketing strategy.

☆ Why GoodRx is emailing customers about sharing their health information
▼ + stars: | 2023-03-02 | by ( Jennifer Korn | ) edition.cnn.com time to read: +2 min

New York CNN —GoodRx customers who typically receive emails about prescription drug deals and refill reminders from the company saw something very different in their inboxes this week. GoodRX sent a notice to users detailing allegations from the Federal Trade Commission that the company shared sensitive health data with third parties for advertising purposes without customers’ permission. “This information included details about drug and health conditions people searched and their prescription medications,” the company wrote in the notice e-mailed to customers and posted on its website. In some cases, GoodRx used the information to target people with health-related ads.”The alert comes a month after the FTC announced a formal settlement with the digital health platform and issued a “first-of-its-kind proposed order” prohibiting the company from sharing health data from its customers with other companies for advertising. Users took to social media to voice concern about the e-mail, with some wondering how much money the firm might have made from their health data and others swearing off using the service.

☆ Jim Cramer's top 10 things to watch in the stock market Thursday: Fed, peak earnings, META
▼ + stars: | 2023-02-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the 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.

☆ FEC dismisses RNC complaint that Google’s spam filters were biased against conservatives
▼ + stars: | 2023-01-18 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

Washington CNN —The Federal Election Commission has tossed out claims by the Republican National Committee that Google’s spam filters in Gmail are illegally biased against conservatives, according to an agency letter obtained by CNN. In its letter, the FEC cited Google’s public statements claiming that its reasons for spam filtering include blocking malware, phishing attacks and scams. The study by North Carolina State University researchers had involved an experiment testing the spam filters of Gmail, Microsoft Outlook and Yahoo! Meanwhile, a separate RNC lawsuit against Google over the same Gmail filtering issue is still ongoing. And Google has continued with an FEC-approved pilot project that allows political campaigns to bypass Gmail’s spam filters.

☆ Investing in Space: Digital orbital danger
▼ + stars: | 2023-01-12 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Companies and governments are now launching satellites by the thousands each year, and that changing landscape brings with it the evolving challenge of cybersecurity in space. The concept of space security arguably doesn't get talked about enough, but a quick search for something like "cyber," "space," and "Pentagon" gives you an immediate sense of how U.S. military leaders see the digital threat to satellites. The company just raised $16.4 million in an oversubscribed round, to make a full-tilt push into building its space business. It entered the space market in late 2019, and Beames stepped in as chairman early last year.

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