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☆ Starbucks is teaming up with an Oscar-winning producer to make movies and series
▼ + stars: | 2024-06-10 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Read previewAdd Starbucks to the growing list of brands trying to crack Hollywood. The coffee company announced on Monday the creation of Starbucks Studios to create original entertainment. Related storiesIt's working with Sugar23 — the production company headed by Michael Sugar, best known for the Oscar-winning "Spotlight" — to develop projects. Starbucks' forays into original entertainment go back to 2016, when it released "Upstanders," a series of 10 written, video, and podcast stories about people creating positive change. "Starbucks is being very bold with this but really very smart … You can't reach 30 million people on NBC anymore."

Persons: —, Christy Cain, Sugar23, Michael Sugar, Sugar, Trevor Noah's, Max, Ron Howard, Brian Grazer's, Reese Witherspoon's Organizations: Service, Starbucks Studios, Business, InBev, Procter & Gamble, Time Studios, Productions, Amazon's, Tribeca, NBC, Brands, Netflix, Apple Locations: Rwanda

☆ Starbucks is teaming up with an Oscar-winning producer to make Hollywood-style movies and series
▼ + stars: | 2024-06-10 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

☆ China, Xi Jinping's Plan for AI Will Wreak Havoc on the World Economy
▼ + stars: | 2024-06-02 | by ( Linette Lopez | ) www.businessinsider.com time to read: +18 min

According to the CCP's plan, by 2020, China was supposed to have "achieved iconic advances in AI models and methods, core devices, high-end equipment, and foundational software." Censorship requirements may slow China's AI development and limit the commercialization of domestic models, but they will not stop Beijing from benefiting from AI where it sees fit. We're not seeing a huge gap between the models Chinese companies have been able to roll out. The current price war is a race to the bottom, similar to what we've seen in the Chinese technology space before. A race to the bottom may simply beggar China's AI ecosystem.

Persons: Xi Jinping, China doesn't, there's, Beijing's, Reva Goujon, We're, It's, ChatGPT, Xie Huanchi, couldn't, you'll, —, Kenneth DeWoskin, it's, Matt Sheehan, they're, chatbot, Sheehan, Ernie Bot, There's, Alibaba, ByteDance's, Paul Triolo, Albright, we've, haven't, DeWoskin, Sam Altman, Elon Musk Organizations: Chinese Communist Party, CCP, Intelligence, Cyberspace Administration, Getty, Freedom, University of Michigan, Deloitte, CAC, Carnegie Endowment, International Peace, Baidu, Bloomberg, Companies, Brookings Institution, Beijing, The Commerce Department Locations: China, Beijing, China's, Hong Kong, Xinhua, , Washington, Brussels, Berlin, Taiwan, US, Xinjiang

☆ A short seller with a more-than-90% win ratio shares the only 4 investments he buys and holds long term
▼ + stars: | 2024-06-01 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

It's a more aggressive approach than many investors employ, because being a short seller is infinitely more risky than buying shares. But when you short, the potential loss is unlimited because there's no guarantee a stock's price will fall; it could instead rally to extreme highs. These variables include low institutional ownership, low cash reserves, and market caps smaller than $250 million, among other characteristics that could signal a vulnerable stock. Uber (UBER) is another stock he really likes, although he allocates less toward it because it's a newer company. But everywhere I go, there's Uber.

Persons: David Capablanca, Capablanca, there's Uber Organizations: Service, Business, Trust, Nasdaq, Capablanca, Apple Locations: Argentina, Galapagos, Columbia, Italy, India

☆ Big Tech is eating as much data as it can to win in AI — but it's not 'winner takes all,' CEO says
▼ + stars: | 2024-05-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Matt Calkins, CEO and co-founder of Appian, said that though internet giants like Microsoft , Amazon , and Google are spending billions on the tech, ensuring success in AI is "not just about money." "AI is not a place where money makes more money," Calkins told CNBC in an interview at its London bureau on Tuesday. Microsoft has struck a similar deal with Mistral, taking a 15 million euro ($16 million) stake in the French AI firm. Separately, Amazon has invested a whopping $4 billion into U.S. AI firm Anthropic, which is behind the Claude AI system. "The best AI will be the AI you put your data into, not whoever bought the biggest stack," he said.

Persons: Matt Calkins, Appian, Calkins, Sam Altman, Altman, Claude, you've, —, Sundar Pichai Organizations: Microsoft, Google, CNBC, Mistral, Amazon, OpenAI, Anthropic, British Locations: London, OpenAI, Redmond, Washington, French, Anthropic, Europe

☆ A Harvard Medical School professor with ADHD shares how he retrained his brain for deep work and reached peak productivity
▼ + stars: | 2024-04-17 | by ( Dr. Jeffery Karp | ) www.businessinsider.com time to read: +10 min

Using two tactics to retrain his brain, Karp gained confidence and pursued a career in academia. The MIT and Harvard professor shares the benefits of working in a flow state in his new book. Though I still struggle every day in various ways, I'm grateful to be able to say that these LIT tools enabled me to meet and far exceed those dismal early expectations. AdvertisementYou're never too old to charge your brain this way, and most definitely no one is ever too young. In fact, LIT tools can be lifesavers for kids, as they were for me.

Persons: Jeffery Karp, Karp, —, Eric Kandel, you've, we're, I've, they've, Jeff Karp, William Morrow, Jeffrey Michael Karp Organizations: MIT, Harvard, Service, Harvard Medical School, National Academy of Inventors, Royal Society of Chemistry, American Institute for Medical, Biological Engineering's College of Fellows, Biomedical Engineering Society, Canadian Academy of Engineering, Karp Lab, Center, Medical Locations: Canada, playbook, LIT

☆ Inside Lilium, the German company trying to revolutionize air travel
▼ + stars: | 2024-04-12 | by ( Arjun Kharpal | Cristy Garratt | ) www.cnbc.com time to read: +2 min

German aerospace company Lilium wants to revolutionize air travel with its electric vertical take-off and landing (eVTOL) jet. "Revolutionize means make it absolutely zero emission," Lilium CEO Klaus Roewe told CNBC Tech in an interview. "We want to make a regional plane that has a decent transport capacity to have a meaningful effect on CO2 emission reduction." Less than a decade after being founded by four university students, the group is now one of Europe's leading eVTOL companies. Lilium, which is backed by the likes of China's Tencent and Earlybird Venture Capital, has started taking orders from the premium market.

Persons: Klaus Roewe, Lilium, Roewe, China's, Daniel Wiegand, Lilium's, Wiegand Organizations: CNBC Tech, Earlybird Venture, eVTOL Aircraft Locations: Weßling, Bavaria

☆ Partying on a Tuesday With Elon Musk and His 3-Year-Old
▼ + stars: | 2024-04-03 | by ( Madison Malone Kircher | Nina Westervelt | ) www.nytimes.com time to read: 1 min

The future looked bright despite the rain on Tuesday evening at the Museum of Modern Art, where guests — including Elon Musk and Seth Meyers — gathered for a screening of a new PBS documentary series, “A Brief History of the Future.”Mr. Musk, flanked by security, came with a preschooler in tow, his 3-year-old son, X Æ A-12, who is better known simply as X. (Same as Mr. Musk’s social media platform.) X’s mother, the musician Grimes, is featured in the documentary series, which follows innovators who are trying to tackle some the world’s most pressing problems, like climate change and pollution. The documentary, as the title might suggest, centers on futurism. Its adherents approach these obstacles and challenges with a distinct sense of optimism.

Persons: Elon Musk, Seth Meyers —, Mr, Grimes Organizations: Museum of Modern Art, Elon, PBS

☆ Flying cars — or eVTOLs — are becoming reality. Would you ride in one?
▼ + stars: | 2024-04-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +36 min

They are flying cars, they're flying cars,Tom Chitty: These vehicles aren't necessarily actually cars with wheels, either, because I know that you've done you've got a program coming up soon about eVTOL. And the idea is there's going to be a fleet of these run by an operator. You've alluded to this feature program we've got coming out looking at the future of these, these flying cars, basically in these eVTOLs. And also, we can't finish this episode about flying cars and eVTOLs without talking about Chitty Chitty Bang Bang, the OG. Yeah, no, that's, that's very surprising.

Persons: Tom Chitty, Arjun Kharpal, who's, I've, we've, We've, I'm, they'd, I'd, there's, Arjun, that's, we're, you've, there'll, they're, You've, Kharpal, it's, you'll, They've, Morgan Stanley, someone's, What's, they've, They're, Big Ben, Chitty Chitty Bang Bang, Chitty Bang Bang, Tom, We'll Organizations: JPMorgan, CNBC, Mar, Airbus, Archer Aviation, Joby, Infrastructure, Boeing, Heathrow Airport, Civil Aviation Administration, U.S . Federal Aviation Administration, FAA, Autonomy, London, Transport Locations: Spain, China, Europe, Munich, Germany, beyondthevalley@cnbc.com, London, Chinese, Guangzhou, Birmingham, U.S, Manchester, it's, eVTOLs, Battersea, Heathrow

☆ eVTOLS: How flying cars are becoming reality
▼ + stars: | 2024-03-28 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmaileVTOLS: How flying cars are becoming realityMost innovators and investors tend to reject the term flying car. Instead, the acronym eVTOL, which stands for electric vertical take-off and landing, has taken off.

☆ Here's how your iPhone could get worse if the DOJ's antitrust lawsuit succeeds
▼ + stars: | 2024-03-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Some critics of the suit believe it could make the iPhone worse, leading to security concerns and a less seamless experience. But is that something that iPhone users really want? The DOJ filed an antitrust lawsuit against Apple on Thursday. AdvertisementFor its part, Apple has argued that the DOJ's lawsuit could pose any number of issues for iPhone users — from security and privacy concerns to a degradation in user experience. A less seamless user experienceThe DOJ's lawsuit could also have a detrimental impact on Apple's signature user experience, according to some experts.

Persons: —, Apple, Jeff Chiu, Tim Cook, Cook, Benedict Evans, Evans, Jennifer Huddleston, Koch, Huddleston, Adam Kovacevich, Dave Lee, Lee, Forrester, Dipanjan Chatterjee, Apple's, Chatterjee, Fortune Organizations: DOJ, Apple, Service, US Department of Justice, AP, Union's, Venture, Cato Institute, Apple Watch, of, Big Tech, Bloomberg

Shop at Amazon Shop at DreoTyphur Sous Vide Station If you’ve been wanting to venture into the benefits of cooking with Sous Vide, Typhur’s Sous Vide Station incorporates all functions of sous vide cooking into one unit, with a built-in tank, scheduling functions, and step-by-step cooking instructions on a large LCD display. Shop at Amazon Shop at TramontinaAdvertisementSustainability and alternative materialsEco-friendly materials are at the forefront of home and kitchen design. Shop at Amazon Shop at UmbraFull Circle Grate Expectations Stainless Steel Coarse Grater with Food Catcher Full Circle should be on your radar for eco-friendly cleaning tools and hydration solutions. From earth tones and pastels to vibrant collections, you can coordinate your kitchen in monochrome hues, prints, and textures. Shop at Amazon Shop at Walmart Shop at TargetLuma Nugget Countertop Ice Maker We've been searching for a more affordable nugget ice maker, and this small appliance from Luma might be the one.

Persons: It's, Dreo ChefMaker Combi Fryer, you’ve, Zyliss, Joe Derochowski, Dyson, Brabantia Organizations: Business, Shop, kraft, Cork, Walmart, Everest

☆ Why EVs are causing a tire boom
▼ + stars: | 2024-03-19 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +1 min

With their heavy weight and quick acceleration, EVs tend to burn through tires about 20% faster than internal combustion vehicles do, according to AlixPartners. Other technical challenges include dampening tire noise, which is a lot more noticeable in the cabin of an otherwise silent EV, and improving an EV's range. Michelin research shows tire selection can impact an EV's range by 10% to 15%. Currently only about half of buyers do, according to Northcoast Research estimates. "If EV does kind of evolve and proliferate through the car population like some think, it may bring about what I call the gold rush for tire manufacturers," said John Healy, an analyst with Northcoast Research.

Persons: John Healy Organizations: Michelin, Northcoast Research

☆ Award in Ruth Bader Ginsburg’s name given to Elon Musk and Rupert Murdoch is a ‘desecration’ of her memory, son says
▼ + stars: | 2024-03-17 | by ( Jack Forrest | ) edition.cnn.com time to read: +3 min

The Ginsburg award “celebrates leaders who have demonstrated extraordinary accomplishments in their chosen fields,” according to the foundation. The award “has previously recognized women of distinction” but was expanded this year to include men and women. In addition to Musk and Murdoch, lifestyle icon Martha Stewart, actor Sylvester Stallone and financier Michael Milken are also 2024 recipients of the award. The Opperman Foundation did not respond to an inquiry Friday from CNN. CNN also reached out Sunday night for comment on Jim Ginsburg’s interview.

Persons: Ruth Bader Ginsburg, Elon Musk, Rupert Murdoch, ”, ” Jim Ginsburg, Paula Reid, Ginsburg, “, Murdoch, Martha Stewart, Sylvester Stallone, Michael Milken, Barbra Streisand, Jim Ginsburg, Reid, Jim Ginsburg’s, Stewart, Ruth Bader Ginsburg’s “, CNN’s Tierney Sneed Organizations: CNN, SpaceX, Opperman Foundation, Opperman, Foundation, ”

☆ Ruth Bader Ginsburg’s family dissents after award in her name is given to Elon Musk and Rupert Murdoch
▼ + stars: | 2024-03-15 | by ( Tierney Sneed | ) edition.cnn.com time to read: +3 min

CNN —The family of the late liberal Justice Ruth Bader Ginsburg wants her name pulled off an award after the foundation in charge of doling it out named SpaceX CEO Elon Musk and conservative media mogul Rupert Murdoch among this year’s recipients. In addition to Musk and Murdoch, lifestyle icon Martha Stewart, actor Sylvester Stallone and financier Michael Milken are also recipients of the award. The Ginsburg award “celebrates leaders who have demonstrated extraordinary accomplishments in their chosen fields,” according to an announcement by the foundation on Wednesday. “Justice Ginsburg fought not only for women but for everyone,” said Julie Opperman, chair of the foundation, in a statement accompanying the announcement this week. Barbra Streisand receives The Justice Ruth Bader Ginsburg Woman of Leadership Award on July 1, 2023 in Malibu, California.

Persons: Ruth Bader Ginsburg, Elon Musk, Rupert Murdoch, Ginsburg’s, Ginsburg, ”, Trevor Morrison, Murdoch, Martha Stewart, Sylvester Stallone, Michael Milken, “, Barbra Streisand, “ Justice Ginsburg, Julie Opperman, Stewart, ” Murdoch, Kevin Mazur, Dwight D, Morrison, CNN’s Devan Cole Organizations: CNN, SpaceX, Opperman, ”, New York University School of Law Locations: Malibu , California

FoundersCard is an exclusive membership for startup founders, CEOs, entrepreneurs, and innovators. FoundersCard members can gain access to private, exclusive networking events. Benefits of FoundersCard MembershipFoundersCard offers a wide range of benefits that can be loosely broken into three categories: savings and discounts, VIP treatment and perks, and exclusive events. British Airways offers FoundersCard members up to 10% off most round-trip fares between the US or Canada and the UK. FoundersCard is a private membership club offering access to exclusive benefits and networking opportunities for entrepreneurs and business professionals.

Persons: —, — there's, FoundersCard, Eric Kuhn, it's, MOO, General Assembly —, isn't Organizations: Service, Cathay Pacific, British Airways, . Alaska Airlines, Continental, JetBlue, Mint, American Airlines, Qantas, Australian, Emirates, Singapore Airlines, UPS, Apple, General Assembly, Business, Chevron Locations: Austin, Canada, Continental US, Hawaii, Australia, New Zealand, East, Asia, Africa, LegalZoom, Chevron

☆ SXSW weighs in after Texas governor tells artists pulling out of the music festival because of the US Army 'don't come back'
▼ + stars: | 2024-03-13 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

South by Southwest acknowledged artists who boycotted the festival due to US Army sponsorship. Despite the controversy, SXSW is maintaining its military sponsorship. Greg Abbott on Tuesday, after he demanded artists who pulled out of the festival due to US Army involvement not visit or return to Texas. The Army is hosting a range of panels at the festival from "Transforming for the Future: Innovation, Tech, and the Army" to "Unleash Your Beast: Army Functional Fitness." Mong Tong at the SXSW Music Opening Party Music Festival Showcase as part of SXSW 2024 Conference and Festivals held at the Palm Door on Sixth on March 12, 2024 in Austin, Texas.

Persons: Greg Abbott's, —, Greg Abbott, Governor Abbott, Abbott, Mong Tong, Diego Donamaria, Rachel Chinouriri, Chinouriri, Eliza McLamb, Ellen Lovett Organizations: US Army, Gov, SXSW, Service, Southwest, Army, Israel, U.S, Collins Aerospace, BAE Systems, RTX Corporation, Raytheon, Texas Tribune, Innovation, Tech, Getty, Star Locations: Southwest, Texas, Austin, Antonio, Austin , Texas

☆ Ad insiders are buzzing about industry power broker Michael Kassan's messy split with UTA and what it means for the future of MediaLink
▼ + stars: | 2024-03-13 | by ( Lara O'Reilly | Lucia Moses | ) www.businessinsider.com time to read: +9 min

After falling out with Kassan, UTA may think twice about buying another agency. The media and ad industry will be watching to see what, if any, leadership changes UTA makes at MediaLink. The end of the ad industry schmoozefest? One industry veteran said they saw Kassan's exit as an opportunity to change how ad industry consultants operate and charge for services. At the center of the dispute between UTA and Kassan is the MediaLink founder's $950,000 annual expense account.

Persons: Michael Kassan, MediaLink, Kassan, Jeremy Zimmer, Kassan wasn't, Vianney Tisseau, headhunting, Jon Miller, Sanford Michelman, Michelman, Robinson, Ethan Miller, Julian Jacobs, David Anderson, WME, Kassan's, Wenda Harris Millard, wasn't, what's, There's, Lou Paskalis, Marc Sternberg's, Lady Gaga, Elton John, Mariah Carey, Tom Brady, Rob Norman, WPP's Organizations: UTA, Cannes Lions, Consumer, Business, Los Angeles Superior Court, Los, Judicial, Mediation Services, Variety Cannes Lions Studio, Integrated Media, Getty, Talent, Accenture, General Motors, Netflix, JUV Consulting, Madison, Endeavor, Writers Guild of America, Zimmer, Western Initiative Media Worldwide, Interpublic Group, Bank of America, AJL, Marc Sternberg's Brand, Kassan, Southwest, NFL Locations: MediaLink, Cannes, France, Madison, Droga5, Hollywood, Kassan, California, South, Austin

☆ It looks like Elon Musk will help launch a new Ad Astra school on a former horse ranch in Texas this summer
▼ + stars: | 2024-03-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

A job listing indicates that a new Montessori Ad Astra school will open this summer. Musk cofounded Ad Astra in 2014. AdvertisementA job listing indicates that Elon Musk is planning to launch a new Ad Astra school in Texas. Musk cofounded Ad Astra in 2014 with Josh Dahn. Ad Astra appears to be partnering with Xplor Education, a firm that provides software for childcare operators, to form the new Montessori school.

Persons: Musk, —, Elon Musk, Josh Dahn, Dahn, it's, execs, didn't Organizations: Ad Astra, Astra, Service, Business, Xplor Education, Montessori, The New York Times, Maria Montessori Institute, The Boring, SpaceX, Times, Bel Air Locations: Texas, Boca Chica , Texas, Bastrop , Texas, Austin

☆ Top executives say they’re training workers on AI. Managers and employees disagree
▼ + stars: | 2024-03-01 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

There's a disconnect between the level of AI training that leadership teams believe they're giving their employees and the level of training that managers and employees think they're getting, research shows. Nearly three-quarters (73%) of C-suite executives believe their company fully embraces generative AI, including training for the technology, according to a 2023 Upwork survey. "Executives sometimes have a broad-brush approach to AI training," said Apratim Purakayastha, chief technology officer at Skillsoft. Plus, they were 1.9 times more likely to have a formal generative AI skills program in place for their workforce, as well as 3.8 times more likely to have a well-defined generative AI strategy. Generative AI, Monahan notes, can usher in a new era of productivity — if we let it.

Persons: Kelly Monahan, it's, Apratim Purakayastha, Monahan, Purakayastha, Job redesigns, Robert Solow, redesigns, that's, they're, — Organizations: Upwork's Research, IBM, Pew Research Locations: upskilling, American, Davos, Switzerland

☆ More than 100 years since the Black Wall Street massacre, Tulsa is creating a haven for entrepreneurs
▼ + stars: | 2024-02-16 | by ( Alex Harring | ) www.cnbc.com time to read: +10 min

Overlaid on that picture is the company name, Grier Shoe Shop, and its address — which is part of an area known as Black Wall Street. With these ventures, she's part of a growing class of Black entrepreneurs tapping into Tulsa's history for inspiration and resources for support. He also won a grant from a Black Wall Street organization. The Black Wall Street Mural in the Greenwood district of Tulsa, Oklahoma, on Friday, June 19, 2020. Greenwood, known as Black Wall Street, was one of the most prosperous African-American enclaves in the U.S. before it was burned down by a white mob in 1921.

Persons: Venita Cooper, Parnia Mazhar, Grier, Silhouette, They've, Cooper, Dominick Ard'is, George Floyd, Ashli Sims, she's, Sims, North Martin Luther King, Edna Martinson, It's, Martinson, LaTanya White, he's, Adesanya, Grant Warner, James Lowry, Lowry, who's, Greenwood, Christopher Creese Organizations: Silhouette, NBC News, Tulsa, Build, Art, NBC, North Martin Luther King Jr, Ku Klux, House, Art Basel, Southwest, Black, Stanford, National Bureau of Economic Research, Creative, CNBC, Harvard Business School, Center for Black Entrepreneurship, Black Economic Alliance Foundation, Boston Consulting, Bloomberg, Getty Locations: Greenwood, Tulsa , Oklahoma, TULSA, Tulsa, North, Miami, South, Austin, U.S, PalmPlug, Seattle, America

☆ Billions in AI patents get new guidelines as regulators regroup
▼ + stars: | 2024-02-14 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

But how will patent protections apply to inventions made with the help of AI tools, particularly generative AI? In connection with training an AI system, what level of planning will be required? “A natural person who only presents a problem to an AI system may not be a proper inventor” of something, the USPTO said. In that case, the USPTO had rejected the patent applications of an inventor who had given his AI system sole credit for the inventions. The inventorship guidelines will help everyone understand the boundaries of patent protections as AI is increasingly used in the inventive process.

Persons: ”, Jamie Nafziger, Dorsey, Whitney, Thaler, Vidal, Ryan McCarthy, Hall, It’s, Estill, John Bergmayer Organizations: CNN, Office, Biden, White, USPTO

☆ As AI creates more 6-figure, remote work opportunities, 'the upside is high, but so are the risks,' experts say
▼ + stars: | 2024-02-12 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

Mark Kashef had long considered finance the most stable, lucrative field you could work in — until the release of ChatGPT. Kashef adds that, in the long term, he wouldn't be surprised if AI surpassed finance in terms of job opportunities and earning potential. AI brings new fears and opportunities for workersEconomists and HR experts say the future of the AI job market is bright — but its success isn't guaranteed. "If you look at the descriptions for AI job postings, many of the roles are still very exploratory, alluding to building or testing new products," Pollak says. Several industries outside of tech have demonstrated a clear, consistent interest in hiring for AI jobs, including retail, finance, health care and education, Pollak notes.

Persons: Mark Kashef, ChatGPT, Kashef, it's, wouldn't, —, Julia Pollak, Pollak, Trey Causey, Causey, Ryan Sutton, Robert Half Organizations: Ottawa, Queen's University, Companies, Meta, Netflix, Amazon, Business Locations: —, Kingston , Ontario, ODAIA, Toronto

☆ South African innovator’s medicine-dispensing lockers win prestigious prize
▼ + stars: | 2024-02-01 | by ( Nell Lewis | ) edition.cnn.com time to read: +5 min

London CNN —A South African entrepreneur who designed a smart locker system that improves access to healthcare has won a major award for African engineering. In June, the usual iteration of the Africa Prize will also go ahead, during which four finalists will battle it out for a £25,000 ($31,600) prize. “There isn’t enough funding available for African startups,” she tells CNN. “We don’t want all the funding to come in the form of grants, as we see in the Africa Prize. We want investors to start to believe that they can also make money by investing in African startups.

Persons: Pelebox, King Charles III’s, Anne, James Oatway, Royal Academy of Engineering Hutiri, ’, ”, Aisha Raheem, Farmz2U, Samuel Njuguna, Rebecca Enonchong, It’s, That’s, “ Organizations: London CNN, UK’s Royal Academy of Engineering, Africa, Engineering Innovation, Academy, SMS, Royal Academy of Engineering, “, CNN, Chura, The Academy Locations: African, London, South Africa, Namibia, Botswana, Africa, Nigerian, Kenya, Nigeria, Egypt

☆ Quality stocks are dominating the market, up 25% in the past year
▼ + stars: | 2024-01-27 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

Among the most broadly played investment "factors" — including value, momentum, low volatility, dividend yield — quality has dominated the market, the representative iShares MSCI USA Quality ETF (QUAL) up 25% in the past year, compared to 13% for S & P 500 value and less than 5% for the equal-weighted S & P 500. Even within industry sectors, the stocks with higher quality scores have sped ahead ( Costco in retail, WW Grainger in industrials, etc.). The quality label is based on strong balance sheets, high and steady profit margins, consistency of earnings growth and the like. Sure, there are multi-year secular growth stories animating the AI innovators and weight-loss-drug developers, but most quality stocks stand out for steadiness. Any give-back of the leading quality growth names wouldn't be easily absorbed by the broader market.

Persons: iShares, WW Grainger, Berkshire Hathaway, Goldman Sachs, FactSet, Michael Gates, Ed Yardeni, it's, Jerome Powell Organizations: Costco, Nasdaq, Nvidia, Microsoft, Apple, Visa, Mastercard, Nike, Bank of America, Citi, Invest, BlackRock's, Yardeni Research Locations: industrials, Berkshire

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