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In fact, AI's biggest impact this year may have been simply convincing Taylor Swift to endorse Democratic presidential nominee Kamala Harris. Advertisement"It really conjured up my fears around AI, and the dangers of spreading misinformation," Swift wrote in her post. Related storiesAnd Microsoft, in its most recent Threat Intelligence Report from August, also threw water on the idea that AI has made foreign influence campaigns more effective. And it's not just the US; recent elections around the world haven't been substantially impacted by AI. "Existing examples of AI misuse in elections are scarce, and often amplified through the mainstream media," the paper's authors wrote.
Persons: , hasn't, Taylor Swift, Kamala Harris, Harris, Trump, Taylor, Donald Trump, Swift, Joe Biden robocall, We've, Sam Stockwell, Alan Turing Organizations: Service, Business, Democratic, Microsoft, Australian Strategic Policy Institute Locations: New Hampshire
Stars from Hollywood's golden age are being reborn through celebrity estate AI voice cloning deals, a sign of how some of the "Wild West" concerns about unauthorized AI impersonation are being addressed by new business models. Safeguards include active moderation of content, accountability enforceable with bans, and special provisions for safeguarding the impact of AI voice on the 2024 election. Among the current generation of actors, there remains significant anxiety surrounding the use of AI in generating voice content. Voice actors for video games have raised concerns, and last year's film and television strike had significant roots in anxieties over the use of AI. AI voice licensing could alleviate workload for voice actors, he added, without supplanting them, as they "intercede in the process by focusing on offering correction or enhancement to ineffable aspects such as intonation, warmth, and emphasis, which still present challenges."
Persons: Burt Reynolds, Andreessen Horowitz, Judy Garland, James Dean, Sir Laurence Olivier, ElevenLabs, Sam Sklar, Scarlett Johansson, " Sklar, Frito, Tom Waits soundalike, Waits, Lovo, Steve Cohen, Pollock, Cohen, Bette Davis, Sklar, Nauman Dawalatabad, Dawalatabad, Michele Cobb Organizations: Golden Globe, Beverly Hilton Hotel, Sequoia, New York Times, Washington Post, Disney, Google, Apple, MIT Computer Science, Artificial Intelligence, Audio Publishers Association, CNBC
Despite a late push, she could not help her side finally overcome a USWNT in a gold medal match. After a cagey first half of today’s final, Swanson finally found space beyond the back line to break open a deadlocked match. It was a sequence worth of winning a gold medal and a fine way to mark a player’s 100th cap. But now, with a gold medal tucked under her arm, she definitely has the cachet to make whatever changes she wants. Hayes led the U.S. to its fifth Olympic gold medal.
Persons: Mallory Swanson, Korbin Albert, Swanson, Lorena, Marta, Ludmila, Seleção, Lindsey Horan, Alyssa Naeher, Jeff Rueter, Steph Yang, Sophia Smith, Trinity Rodman, Smith, Rodman, Carl Recine, Albert, IT'S MALLORY SWANSON, ike, oster, oots,, ince, ade, aris G ames., alf, hroughout, razil, inger, ong, unger, hape, hird, ames, ike H, J ane C ampbell, Organizations: U.S, women’s, Brazil, Triple, Getty, Portland Thorns, TEAM USA, FIRST, ust, aris G, eff Locations: U.S, Brazil, Brazilian, , jubilation, arta
The S & P 500 was higher Tuesday, one day after the broad market index posted its worst day in nearly two years amid revived fears of a recession. The current pullback has all the hallmarks of a market correction, the strategist said. So, don't rush to try to catch a falling knife," Malek said. The S & P 500 on Tuesday traded about 7% below a record high reached last month. Besides, he said, it is hard to think of a market correction occurring in August, when a bottom is historically more likely to happen in the month of October.
Persons: Thomas Salopek, Salopek, Mark Malek, Siebert, Malek, CFRA's Sam Stovall, Stovall, Strategas, Chris Verrone, Verrone Organizations: Nasdaq, JPMorgan
The S & P 500 is off by nearly 9%, and it could soon join the tech-heavy index. .VIX 1D mountain VIX On Wall Street, however, many investors expect the fears of a slowing economy are overdone, and that markets are overreacting. "We don't see an earnings recession, we don't see an economic recession," said Sam Stovall, chief investment strategist at CFRA Research. The strategist expects the S & P 500 could fall into a correction, somewhere between 10% and 15%. To be sure, investors who aren't expecting a recession say any weakness in the consumer should continue to be monitored.
Persons: It's, Stocks, Mark Malek, Siebert, Malek, nonfarm, John Butters, , Sam Stovall, Stovall, that's, aren't, Siebert's Malek, Jamie Meyers, he's, we've, it's, I've, Meyers, CFRA's Stovall Organizations: Nikkei, Nasdaq, Dow Jones, Treasury, Fed, Federal Reserve Bank, Atlanta's, Bank of America, CFRA, Nvidia Locations: Japan, U.S
It may be even harder now that cracks are forming in the labor market. The jobs report was not a disaster, by any stretch, and it’s no guarantee of a looming recession. But it was a surprise, and economists expressed concerns about how quickly the labor market appears to have downshifted. For Wall Street, the surprise slowdown was the bitter cherry on top of a sundae of disappointing tech earnings. (In other words, Wall Street may have overreacted because, well, that’s just kinda the way Wall Street does things.)
Persons: Harris, couldn’t, that’s, , Heidi Shierholz, Kamala Harris, Sam Stovall, it’s, It’s, Joe Biden’s, Jason Smith of, , Biden Organizations: New, New York CNN, Biden, Economic Policy Institute, Democratic, CFRA Research, , Dow, Nasdaq, Republicans, GOP, Harris Administration, Connecticut GOP Locations: New York, Jason Smith of Missouri, Connecticut
CFRA Research sees more upside for the benchmark S & P 500 over the next 12 months, even if the risk of near-term profit taking looms. The higher forecast implies a year-end target of 5,770 for the S & P 500, or a 4.5% uptick from Wednesday's close for the benchmark. Stovall's previous year-end S & P 500 target called for 4,940. A combination of more stable supply-and-demand dynamics coupled with a widening of market gains supports the more bullish outlook, CFRA said. The S & P 500 has a roughly 14% gain this year, compared to the Nasdaq Composite's roughly 15% advance.
Persons: Sam Stovall, Evercore's Julian Emanuel, CFRA, Russell Organizations: Research, Federal Reserve, Nasdaq Locations: Wednesday's
Houssam Shbaro | Anadolu | Getty ImagesThe Israeli military said on Tuesday it had carried out an airstrike in a suburb of southern Beirut, targeting a commander they say was in charge of an attack on Israeli-controlled Golan Heights that killed 12 young people last week. "The IDF targeted in Beirut the commander responsible for the murder of the children in Majdal Shams," the IDF said in a statement Tuesday. Bystanders surround vehicles covered in debris near the site of an Israeli military strike on Beirut's southern suburbs on July 30, 2024. The television station also said that a building targeted by Israel in the Haret Hreik area, a Hezbollah stronghold, had collapsed. Al Manar reported that two people had been killed in the strike, adding that "Ambulances have transported a number of casualties to the hospital."
Persons: Houssam, Majdal Shams, Israel, Netanyahu, Al Manar Organizations: Anadolu, Getty, IDF, Reuters, NBC, Anwar Amro, AFP, Israel Locations: Dahieh, Beirut, Lebanon, Golan, Majdal, Israel, Gaza
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRisk of recession would hurt the mid and smalls more than the large caps: CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, what to expect from earnings this week, the Fed's inflation fight, and more.
Persons: smalls, Sam Stovall Sam Stovall Organizations: CFRA Research
The stock market is facing several issues: a tech re-rating, a slower economy, a seasonally weak period and an uncertain presidential outcome. Big cap tech is getting re-rated This is what happens when the market gets top-heavy in technology. Prices for megacap tech stocks have run up dramatically in hopes of outsized earnings. Regardless, investors have been re-rating tech stocks for many weeks now. Technology stocks have been toppy for some time.
Persons: Sundar Pichai, he'd, Goldman Sachs, Goldman, Matt Bartolini, Kamala Harris, Sam Stovall, Trump Organizations: Technology, Cloud Computing, Semiconductor, P Technology, X Social Media, Semiconductors, Micron, Qualcomm, Nvidia, Broadcom, SPDR, SPDR Americas Research, State, Trump, Democratic Locations: SPDR Americas
"We will continue to have both bulls and bears because you have both sides who are talking about the uncertainty, increased uncertainty regarding the presidency," Stovall added. A 'Red Wave'? "It seems as if the greatest likelihood is a red wave," Stovall said. Trump trade hurt? To be sure, Sunday's announcement could pump the brakes on the so-called Trump trade seen since the late-June debate.
Persons: Joe Biden's, Biden, Kamala Harris, Sam Stovall, Trump, Stovall, it's, , PredictIt, Harris, CFRA's Stovall, Wells, Stephen Baxter, Baxter, Oppenheimer, Hogan, Riley, It's, Kim Forrest, Forrest, Fred Imbert Organizations: Trump, CFRA, Democratic National Convention, Republican, Democratic, Medicaid, Med Adv, Bokeh Capital Partners Locations: Friday's
Real talk on a Sunday: “Foodie” is a smug, unpleasant word, a diminutive, patronizing expression that reduces a person’s keen interest in the delicious to a silly fascination with cooking and eating. “Foodie” is condescension wrapped in affectionate disdain, even for those who embrace the identity. We should all experience the freedom to cook whatever we want to cook, however we want to cook it, without judgment. Like, for instance, this roasted salmon with peas and radishes. It profiles as superfancy, exactly the sort of dish you’d expect a foodie to cook on the weekend, with its pretty pinks and greens and oranges and its fragrantly nutty, miso-amped sauce.
Donald Glover is retiring Childish Gambino
  + stars: | 2024-07-18 | by ( Lisa Respers France | ) edition.cnn.com   time to read: +2 min
And the actor and writer has made one in deciding to retire his musical alter ego, Childish Gambino. “It’s not fulfilling,” he told the New York Times in a recent interview. Glover has been open in the past about trying to find his tribe in both comedy and music. Two years later, his song “This Is America” became a protest anthem and won him multiple Grammys, including song and record of the year. Around that same time, Glover both lost his father and welcomed his second child, something that made him more reflective.
Persons: Donald Glover, Childish Gambino, “ It’s, , , he’s, “ Bando Stone, Glover, Sam Smith, ” Glover, Atlanta ”, I’m, ’ ”, doesn’t, Gambino Organizations: CNN, New York Times, BET, Atlanta
The rotation trade likely won't save the S & P 500 from a double-digit correction ahead, according to Sam Stovall, chief investment strategist at CFRA Research. On the other hand, the mega-cap tech stocks have faltered. But Stovall is skeptical, saying he anticipates an S & P 500 pullback ahead, possibly in September, in the low double-digits. Expensive valuations Central to the strategist's concern is the overbought nature of large-cap tech stocks. Rotate into very attractive mid- and small-cap stocks or mid- and small-cap ETFs," Stovall said.
Persons: Sam Stovall, Stocks, Jerome Powell, Russell, Stovall Organizations: CFRA Research, Federal, Nvidia, CNBC Locations: Great
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to find opportunity in the markets amid rising political uncertaintySam Stovall, Chief Investment Strategist at CFRA Research, discusses how the assassination attempt on Donald Trump impacts the markets, according to history.
Persons: Sam Stovall, Donald Trump Organizations: CFRA Research
Food May Be the Last Thing on Your Mind
  + stars: | 2024-07-14 | by ( Sam Sifton | More About Sam Sifton | ) www.nytimes.com   time to read: +1 min
We scroll our feeds, read endlessly, watch media people talk and talk and talk, listen to them opine. We anger and worry, mourn and resolve, and then return to the scrolling, the reading, the listening. Food doesn’t obviously have a role in our understanding of events playing out on the world stage. We process news together, around tables, in the presence of those we feed, with whom we eat. And when the food on those tables is made with care and served with affection, it has a palliative effect on the psyches of all who consume it.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPremature to assume there's a September rate cut, says Envestnet's Dana D'AuriaDana D’Auria, Envestnet co-CIO, and Sam Stovall, CFRA Research chief investment strategist, join 'Closing Bell Overtime' to talk the day's market action.
Persons: Envestnet's Dana D'Auria Dana D’Auria, Envestnet, Sam Stovall Organizations: CFRA Research
"Buying because the stock price has gone down without knowing some of the underlying issues or without understanding some of the underlying activities, could be problematic," says Clark Bellin, president and chief investment officer at Bellwether Wealth. After all, a stock could take major losses and then soar to new heights à la Apple. But what about that same markdown in the price of that company's stock? You'll just have to figure some things out before you buy, says Sam Stovall, chief investment strategist at CFRA. Rather than scrambling to do research, he says, keep a watchlist of stocks you'd be interested in buying at the right price.
Persons: Clark Bellin, Sam Stovall, Bellin, Charles Rotblut, Stovall, It's, Raife Giovinazzo, Giovinazzo Organizations: Blockbuster, Nike, American Association of, Fuller, Thaler Asset Management, Nasdaq, Yahoo Finance, CNBC
A Perfect Peach Pie That’s ‘Better Than My Mom’s’
  + stars: | 2024-07-07 | by ( Sam Sifton | ) www.nytimes.com   time to read: +1 min
There’s a road near where I stay that’s lined with orchards, and when the peaches get ripe there I like to drive it with the windows open. In the meantime, I’ll be looking to Georgia, where the crop’s bouncing back from a disastrous, frost-ruined 2023 season. A dozen ripe Georgia peaches in a paper sack? Cut one more for lunch: a tomato and peach salad with whipped goat cheese. And then, of course, you should make a perfect peach pie (above).
Persons: I’ll, It’s Locations: There’s, Georgia
New York CNN —If you’ve got money in the market, you might own a little piece of Trump Media — without even knowing it. Trump Media (DJT), the owner of conservative social media platform Truth Social, announced its addition to the Russell family on Monday. As a result, countless retail investors will now own a piece of Trump Media. These include the $14 billion iShares Russell 3000 ETF (IWV) and the $2.5 billion Vanguard Russell 3000 ETF (VTHR). LinkedIn co-founder Reid Hoffman, a vocal critic of former President Donald Trump, believes Trump Media is really worth just $40 million.
Persons: you’ve, Russell, Donald Trump, doesn’t, Vanguard Russell, , Sam Stovall, Stovall, ” Stovall, Reid Hoffman, ” Hoffman, Aniket Ullal Organizations: New, New York CNN, Trump Media, Trump Media & Technology, Vanguard, CFRA Research, Microsoft, Nvidia, Apple, Trump, , FTSE Russell’s, P, LinkedIn, CNN, & & Locations: New York
The second half of 2024 has arrived with investors hoping for more gains ahead. The S & P 500 popped 14.5% in the first six months of the year, reaching record highs. Such a strong start to the year historically bodes well for the market in the second half. CFRA Research chief investment strategist Sam Stovall noted the S & P 500 averages a 7.9% gain in the second half after surging more than 10% in the first six months of the year. .SPX YTD mountain SPX year to date Despite the strong gains, there are still opportunities to buy stocks at a discount.
Persons: Sam Stovall, Brian Evans, Hess, Lisa Kailai, Morgan Stanley, Blackwell, Joseph Moore Organizations: CNBC, Nasdaq, Dow Jones, Research, CNBC Pro, FedEx, DiamondBack Energy, Chevron, Nvidia Locations: Friday's
Skirt Steak, Long Sunday
  + stars: | 2024-06-30 | by ( Sam Sifton | ) www.nytimes.com   time to read: +1 min
There’s a famous New York City dream where you discover an extra room in your apartment and it changes your life, at least until you get used to having the space. I experienced a version of that in my waking life recently. I arose early, showered, got dressed and made to head off to work. What to make for dinner on such a charmed and unexpected day? Skirt steak with salsa verde salad (above), please, the meat grilled rare and the hearts of romaine just singed at the edges.
Persons: There’s, , romaine, capers Locations: New York City
Even better: The fact that the S & P 500 has performed so well this year makes the outlook sweeter. In years with the S & P 500 climbing more than 10% in the first six months, it jumped 7.9% in the typical second half. Presidential election years also typically bring returns in the second half of the year, according to Stovall's data. For the entire second half, the S & P 500 has climbed 3.5% on average. Some investors are wondering how much farther the S & P 500 can run up after notching all-time highs this year.
Persons: CFRA Research's Sam Stovall Organizations: Federal Reserve, CNBC
Read previewThis summer, medical professionals will use body bags to save lives. To treat heat-related illnesses, emergency medical professionals in Phoneix started using modified body bags called "immersion bags," The New York Times reported. Quickly submerging a heat stroke patient in icy water is one of the most effective ways to quickly bring down the body temperature. In one case, it only took eight minutes to effectively drop the person's body temperature. AdvertisementSpecial body bags for cooling baths will be standard equipment for ambulances and fire trucks in Phoenix.
Persons: , Phoneix, They've, Sam Shen, Alexander St, John, Stephen Brashear, Shen, Grant Lipman, Lipman, Ross D Organizations: Service, Phoenix, National Oceanic, Atmospheric Administration, Business, New York Times, Guardian, Department of Emergency Medicine, Stanford University, Harborview Medical, AP, University of Kansas School of Medicine, Franklin Locations: Seattle, Washington, Phoenix, Arizona , California, Texas
Boeing said it had previously investigated Cuevas’ allegations and they did not pose a safety problem. Cuevas said he filed a complaint with Boeing’s ethics hotline, reporting to management that he believed Spirit was hiding the issues from Boeing. He also alleges that Boeing opened an investigation into Cuevas’ concerns in October 2023, alerting Spirit management to the complaints. A separate report found “gaps” in Boeing’s safety culture, including a disconnect between management and employees, and fears among employees about retaliation for reporting safety concerns. Calhoun said Boeing is “far from perfect,” and he acknowledged that the company will not easily regain the public’s trust.
Persons: CNN —, ” Richard Cuevas, Spirit Aerosystems, Cuevas, , Aerosystems, Strom, ” Cuevas, “ we’ve, Spirit, Sam Salehpour, Dave Calhoun, Calhoun Organizations: CNN, Boeing, Federal Aviation Administration, FAA, US Department of Justice Locations: Everett, Washington
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