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Democrats’ rebellion against President Biden intensified on Wednesday with the party’s congressional leaders lobbying successfully to delay his nomination by a week, prolonging the debate over the viability of his candidacy. The maneuver came as Representative Adam B. Schiff of California became the highest-profile Democratic lawmaker to call on Mr. Biden to end his run. More details have emerged of heated conversations the president has held with lawmakers in which he has angrily pushed back on their entreaties for him to drop out of the race. Mr. Biden’s disastrous debate performance last month, his uneven public appearances and his struggles in the polls have fueled deep worries within his party. Congressional Democrats have also warned that Mr. Biden’s sagging political standing will make it far harder for them to win critical House and Senate races in November.

Persons: Biden, Adam B, Schiff, Donald J, Trump, Biden’s Organizations: California, Capitol, Associated Press, University of Chicago, Congressional

☆ U.S. election: Trump assassination attempt merely reinforces four existing trends, professor says
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. election: Trump assassination attempt merely reinforces four existing trends, professor saysCharles Lipson, professor at the University of Chicago, says the assassination doesn't "fundamentally" change the election race.

Persons: Trump, Charles Lipson Organizations: University of Chicago

☆ KFILE: JD Vance, Trump’s VP pick, once called him a ‘moral disaster,’ and possibly ‘America’s Hitler’
▼ + stars: | 2024-07-15 | by ( Andrew Kaczynski | Em Steck | ) edition.cnn.com time to read: +7 min

CNN —Donald Trump’s vice presidential pick Ohio Sen. JD Vance was once a fervent critic of the former president. “I did say those critical things and I regret them, and I regret being wrong about the guy,” Vance told Fox News in 2021. In a statement to CNN last month, Vance cited Trump’s “many successes in office” for changing his mind on the former president. “I think he’s a total fraud that is exploiting these people.”“I do too. Speaking with CNN in October 2016, Vance criticized Trump for “actively antagonizing” Black voters, claiming this tactic was a long-standing Republican strategy.

Persons: Donald Trump’s, Ohio Sen, JD Vance, “ America’s Hitler, Trump, ”, “, Nixon, America’s Hitler, ” Vance, Vance, Hillary Clinton, Evan McMullin, douchey, “ I’m, Jake Tapper, podcaster Megyn Kelly, Trump’s, Bill Tompkins, Michael Ochs, ‘, White, It’s, Donald Trump doesn’t, – Vance, “ Trump Organizations: CNN, Trump, Fox News, Senate, Michael Ochs Archives, GOP, White, “, New, PBS, University of Chicago’s Institute of Politics, Republican, Black, American Conservative Locations: Middle America, Charlottesville , Virginia, Charlottesville, Ohio, America, New York City, Mexican, New York

Kate Shaw, a contributing Opinion writer, hosted a written online conversation with Will Baude, a law professor at the University of Chicago, and Stephen Vladeck, a law professor at Georgetown and the author of “The Shadow Docket: How the Supreme Court Uses Stealth Rulings to Amass Power and Undermine the Republic,” to reflect on the dramatic end to the Supreme Court term. Kate Shaw: This Supreme Court term ended on a shocking note with Trump v. United States. William Baude: I don’t think the outcome was a surprise, given the arguments and the breadth of the D.C. Circuit opinion, which rejected any claim of executive immunity rather than focusing on the specifics of the Trump case. But I remain confused about what the difference is between Justice Amy Coney Barrett’s quite sensible opinion and the much more sprawling majority opinion — Justice Barrett claims to agree with most of the majority opinion, but I don’t know if we should take that at face value!

Persons: Kate Shaw, Will Baude, Stephen Vladeck, “, Trump, We’ve, William Baude, Amy Coney Barrett’s, Barrett Organizations: University of Chicago, Georgetown, Trump v . Locations: Republic, Trump v . United States

And at some Chipotle locations, customers filmed workers to try to make sure they didn't skimp on their burrito bowls. The three joined a growing list of consumer brands contending with customers' deep frustration over high prices — and wariness that prices will only rise more. Walmart, on the other hand, said the new price tags will cut a tedious task from store workers' to-do lists. They eliminate the need for store workers to swap out traditional paper tags. Shoppers at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024.

Persons: Wendy's, Jean, Pierre Dubé, David Chavern, Donald Trump, Joe Biden, Kevin Lamarque, hasn't, Dianna Campbell, she's, Campbell isn't, Biden, skimping, Sen, Bob Casey, Andrea Foote, Tricia Moriarty, it's, Jim Cramer, CNBC's, Brian Niccol, Chipotle, We've, Wells, Zachary Fadem, Brandon Bell, It's, Kirk Tanner, Yuki Iwamura, Cristina Rodrigues, Gabby Jones Organizations: Walmart, University of Chicago Booth School of Business, Consumers, U.S . Bureau of Labor Statistics, Consumer Brands Association, Procter, Gamble, Pew Research, Pew, Reuters Shrinkflation, Federal Reserve, Customers, Gatorade, PepsiCo, CNBC, Chipotle, New York, Mexican Grill, Getty, American Farm Bureau Federation, Bloomberg, University of Chicago Locations: U.S, Goffstown , New Hampshire, Manhattan, New York City, Mexican, Austin , Texas, Queens, New York, Europe, Secaucus , New Jersey, US

☆ Biden says the debate was a bad night. Here’s how doctors would evaluate if it was something more
▼ + stars: | 2024-07-06 | by ( Jen Christensen | ) edition.cnn.com time to read: +12 min

CNN —President Joe Biden said Friday that his poor performance in last week’s debate was a bad night but not evidence of a serious condition. When asked on Friday whether he’s had cognitive tests and an exam by a neurologist, Biden said no. Biden gave no indication he would be willing to have such tests conducted in the aftermath of his debate performance. “So, again, pretty important for a job like president,” Ranganath added. “Part of those evaluations will look at the overall health of the individual, from neurologic health to also cognitive health,” she said.

Persons: Joe Biden, ” Biden, George Stephanopoulos, “, “ you’re, ”, Sanjay Gupta, ” Gupta, he’s, Biden, …, Charan Ranganath, — doesn’t, “ It’s, ” Ranganath, John Rowe, —, Rowe, ” Rowe, Donald Trump, aced, they’ll, Emily Rogalski, ” Rogalski, what’s, Brad Dickerson, Dickerson, ” Dickerson, Dr, Ranganath, Nadia Kounang, John Bonifield Organizations: CNN, ABC News, University of California, Columbia University, Mini, University of Chicago’s, Alzheimer’s Research Care, Harvard Medical School, Massachusetts General Hospital, Aetna, Mount, Mount Sinai NYU Health, Get CNN, CNN Health Locations: Davis, Montreal, Massachusetts, Mount Sinai

☆ Supreme Court dissents take a 'darker tone' on Trump immunity ruling
▼ + stars: | 2024-07-01 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Supreme Court Justices Sonia Sotomayor, Ketanji Brown Jackson and Elena Kagan laid out grim visions of U.S. democracy in their joint written dissents to the court's Monday decision on former President Donald Trump's claim of presidential immunity from criminal prosecution. "In every use of official power, the President is now a king above the law," Sotomayor wrote. It's more of a warning," LaCroix told CNBC in an interview about the three dissents, written by the only three justices nominated to the court by Democratic presidents. The immediate effect was to send special counsel Jack Smith's criminal election fraud case against Trump back to U.S. District Judge Tanya Chutkan. She will have to rule on whether the criminal charges pertain to official acts Trump carried out as president, granting him immunity, or his private conduct.

Persons: Sonia Sotomayor, Ketanji Brown Jackson, Elena Kagan, Donald Trump's, Sotomayor, Jackson, Alison LaCroix, LaCroix, Jack, Tanya Chutkan, Trump Organizations: University of Chicago, CNBC, Democratic, Trump, Republicans Locations: U.S

☆ These parts of the stock market are already priced for recession, Northwestern CIO says
▼ + stars: | 2024-06-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

"The world has been talking about a recession for the better part of two years, and people have been investing that way," Schutte said. Schutte said that the price-to-cash flow ratio for the S & P Small Cap 600 index already looks like it typically does at the end of recessions. The S & P 500 is up 14.5% year to date, while the Russell 2000 small cap index is higher by just 1%. The S & P 600 Small Cap index is actually down by almost 2% on the year. .RUT YTD mountain Small cap stocks are lagging behind their larger counterparts.

Persons: Brent Schutte, Schutte, Russell Organizations: Northwestern Mutual Wealth Management, CNBC, Northwestern, University of Chicago Booth School, Businesss, Federal Reserve, Nvidia, Microsoft Locations: U.S

☆ The Cost of a Psychic Is a Window Into Americans' Spending Habits
▼ + stars: | 2024-06-30 | by ( Emily Stewart | ) www.businessinsider.com time to read: +15 min

For $25, which wound up being $30 because she didn't have change, Jessica told me my fortune. That psychic is also a pet psychic, which is not Katy's jam. Once, after an accident on her block in Chicago, Katy used a psychic to ensure the person had crossed over. Another time, she bought a bunch of bath oils in New York after a psychic told her she was cursed. In a consumerist society, of course some people are willing to pay to commune with the afterlife.

Persons: I'm, Jessica, IBISWorld, upselling, It's, that's, spellwork, Lisa Stardust, who's, Neil Dagnall, Ken Drinkwater, Dagnall, Drinkwater, —, Jane Risen, Risen, it's, what's, they're, Cleo, Peter Popoff, they'd, Ralph Lewis, There's, we're, Lewis, I've, Katy who's, Katy, Taylor Swift, Emily Stewart Organizations: Pew Research Center, what's, Manchester Metropolitan University, University of Chicago's Booth School of Business, Federal Trade Commission, intel, University of Toronto, Business Locations: Manhattan, New York, Chicago

☆ Chronic loneliness puts older adults at risk for stroke, study suggests
▼ + stars: | 2024-06-26 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +6 min

And it may impact your stroke risk, according to a new study. This suggests that the biggest impact on stroke risk occurs over the long term. People who scored high on the loneliness scale both times they were surveyed had a much higher risk of stroke, the study said. And that feeling of loneliness is what the study found to be correlated to the increased risk of stroke, Soh said. “Make it be known that you are experiencing feelings of loneliness, and also identify what would be helpful for you specifically to address the feelings of loneliness,” Soh said.

Persons: ”, Yenee, Harvard T.H, Soh, Matt Pantell, Pantell, Edwin Tan, “, Vivek Murthy, ” Soh, Olivia Remes, Remes, Louise Hawkley Organizations: Lifeline, CNN, Department of Social, Behavioral Sciences, Harvard, of Public Health, Health, Center for Health, Community, University of California, University of Cambridge, Interact, Research Centers, University of Chicago Locations: Chan, San Francisco, United States, United Kingdom

☆ Early divisions signal bitter internal conflicts as Supreme Court turns toward final decisions
▼ + stars: | 2024-06-25 | by ( John Fritze | ) edition.cnn.com time to read: +9 min

Even as the court is sometimes finding wider-than-expected majorities for relatively limited outcomes, the nine justices are regularly in conflict over the meaning of decisions. A number of lower-profile cases have also sparked deep doctrinal divisions, even when the final vote count is lopsided. “It does seem, at least anecdotally, unusual to have this many separate opinions in cases with relatively lower stakes,” said Steve Vladeck, CNN Supreme Court analyst and professor at the University of Texas School of Law. The Supreme Court earlier this month tossed out an appeal from anti-abortion doctors challenging expanded access to the abortion pill mifepristone. Among them, Justice Sonia Sotomayor slammed the court’s majority opinion for its reliance on history to decide the trademark dispute.

Persons: ”, Steve Vladeck, “, dinged, councilwoman, Brett Kavanaugh, ” Kavanaugh, Donald Trump, Jack Smith’s, yank Trump, Trump, Amy Coney Barrett, Samuel Alito, Kavanaugh, ” Barrett, Aziz Huq, Huq, Moore, John Roberts ’, hasn't, Neil Gorsuch chimed, Justice Ketanji Brown Jackson, ” Alito, Clarence Thomas, Alito, it’s, Sylvia Gonzalez, Florida GOP Sen, Marco Rubio, Sonia Sotomayor Organizations: CNN, University of Texas School of Law, Trump, Capitol, University of Chicago, New York, Police, Florida GOP, Republican Locations: Moore, Texas, Trump, concurrences

☆ This hyper-exclusive CEO training program doesn't care about your 4.0 GPA
▼ + stars: | 2024-06-24 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

The promise of a more rapid climb up the corporate ladder has made Alpine's CIT program incredibly popular. While it's too soon to know how Alpine's CIT program ranked this year, it received 750 applications for just 12 slots. AdvertisementAnderman's own non-conventional career took her from college dropout to ballet dancer to the world of international development to business school. When she interviewed for her job at Alpine, Weaver asked how she could handle the job with no prior experience. — Alpine's founder and CEO — Alpine's founder and CEOThe first attribute the company looks for is IQ, but not in the traditional kind.

Persons: —, it's, Tal Lee Anderman, you've, Tal Lee Anderson, Graham Weaver, GSB, Weaver, whittle, Anderman, David Wurtzbacher, Wurtzbacher, they're, Geoff Smart Organizations: Service, Business, CIT, Harvard Business School, Stanford's, School of Business, Wharton School, University of Pennsylvania, Harvard, Tal Lee Anderson Alpine, Stanford, Wharton, Kellogg School of Management, Northwestern, University of Chicago Booth School of Business, Alpine, Alpine's San, Citadel, Yale Law School, America Locations: Alpine's, Alpine's San Francisco, Blackstone, Anderman, Manhattan, Jackson , Mississippi, Hong Kong

☆ A B.A. from Columbia could cost $500,000: Here are the top 10 most expensive places in the U.S. to go college
▼ + stars: | 2024-06-22 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Over four years, the total bill may be $500,000 or more, as it is estimated to be at Columbia University, according to Self Financial. These are the 10 schools with the highest total cost for four years. Columbia University—New YorkTotal cost: $514,4422. Massachusetts Institute of Technology—Cambridge, MassachusettsTotal cost: $441,948All of the 10 most expensive schools Self Financial identified are private, which makes sense, given that those institutions typically charge higher tuition than public schools. But private colleges often offer generous financial aid and scholarships packages so your cost to attend may even be lower than at a public university.

Organizations: National Center for Education Statistics, Columbia University, Columbia, U.S . News, Bureau of Labor Statistics, Columbia University — New York, New York University — New York, Georgetown University — Washington, D.C, Harvard University — Cambridge, California Institute of Technology, University of Southern, University of Southern California — Los Angeles Total, University of Chicago — Chicago, George Washington University — Washington, Yale University — New, Massachusetts Institute of Technology, Self, Harvard, University of Massachusetts, Department, Education's, CNBC Locations: Massachusetts, California Institute of Technology — Pasadena, California, University of Southern California, Yale University — New Haven , Connecticut, Massachusetts Institute of Technology — Cambridge, Amherst

☆ Nathan Hare, 91, Dies; Founded the First Black Studies Program
▼ + stars: | 2024-06-21 | by ( Clay Risen | ) www.nytimes.com time to read: +1 min

Nathan Hare, a sociologist who helped lead a five-month strike by faculty and students at what is now San Francisco State University, resulting in an agreement in 1969 to create the country’s first program in Black studies, with him as its director, died at a hospital in San Francisco on June 10. His death was confirmed by the poet and playwright Marvin X, a close friend of Dr. Hare’s. He considered himself a Black nationalist, and in all three roles he clashed with both the establishment administrations and other factions on the political left, particularly Marxists. Dr. Hare was forced out of his job at Howard in 1967 after a public fight with its president, who wanted to accept more white students. The next year, he arrived at San Francisco State, which already had courses in “minority studies,” and immediately began pushing for an interdisciplinary program dedicated to studying the Black experience.

Persons: Nathan Hare, Marvin X, Dr, Hare’s, Hare Organizations: San Francisco State University, University of Chicago, Howard University, San Francisco State College, University, Howard, San Locations: San Francisco, San Francisco State

☆ How the Supreme Court could decide Trump’s blockbuster fight for immunity
▼ + stars: | 2024-06-18 | by ( John Fritze | ) edition.cnn.com time to read: +8 min

Trump’s out of luck: No immunityThe simplest outcome would be for the Supreme Court to rule that former presidents are not entitled to immunity from criminal prosecution. Nixon and the ‘outer perimeter’ of powerBut the justices could reach more broadly by granting some degree of immunity for “official” actions. That official-versus-private debate emerged as a key component of Trump’s immunity battle and will be closely scrutinized once the opinion lands. In terms of timing, a lot would depend on the direction the Supreme Court gives Chutkan in its opinion. It could also raise the possibility of further pre-trial legal wrangling, unless the Supreme Court explicitly ruled out appeals of those decisions.

Persons: Donald Trump, –, Jack Smith’s, Trump, “ Trump, ”, Jonathan Entin, Trump’s, John Roberts, Brett Kavanaugh –, he’s, ” Roberts, ” It’s, Neil Gorsuch, ” Kavanaugh, Nixon, Fitzgerald, Ernest Fitzgerald, Richard Nixon, Rudy Giuliani, Matthew Seligman, Alison LaCroix, ‘, Tanya Chutkan, “, ” Entin, Smith, LaCroix, we’ll, ’ ” Organizations: CNN, Trump, Case Western Reserve University’s School of Law, Appeals, DC Circuit, Supreme, Nixon, Air Force, Constitutional, Center, Stanford Law School, Security, University of Chicago Law School, US

☆ Early bets on AI have helped this global tech fund outperform for a second year
▼ + stars: | 2024-06-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

An early bet on artificial intelligence thanks to a simple investment framework is helping the T. Rowe Price's Global Technology Fund (PRGTX) outperform the market for a second straight year. "Our framework led us to be early to this AI trend, [and] led us to be early to the chip intensity of this AI trend." That's due in part to its winning bets in AI names and semiconductor stocks – many of which have outperformed the S & P 500 and Nasdaq Composite . Early bets on AI Key to the $4.5 billion fund's recent success has been early positions in AI stocks and chipmaking darling Nvidia . The AI leader — added to the fund at the end of 2021 — today accounts for nearly 18% of the portfolio.

Persons: Rowe, Dominic Rizzo, Rizzo, Rowe Price lifer, —, Rizzo's, Siri, Morningstar Organizations: Global Technology Fund, Nasdaq, Nvidia, Taiwan Semiconductor Manufacturing, Devices, ASML, Apple, Microsoft, University of Chicago Booth School, Business, Worldwide Developers, Apple Intelligence, SAP

☆ Stanford University costs over $92,000 a year—how much students actually pay, according to income level
▼ + stars: | 2024-06-13 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

For many college students, attending a prestigious Ivy League school is a dream come true. But many commentators and admissions experts now have a slightly wider view of schools that are on par with the Ivy League. These days, several colleges, including Stanford University, are known as "Ivy-Plus" schools. For the 2024-25 school year, tuition alone at Stanford costs $65,127. Here's how much students typically pay to go to Stanford.

Organizations: Ivy League, Stanford University, Stanford, Massachusetts Institute of Technology, The University of Chicago, Duke University, Ivy, U.S . News Locations: U.S

☆ I became homeless at 17 after I came out. At 40, I'm now stronger for having survived.
▼ + stars: | 2024-06-11 | by ( Sassafras Lowrey | ) www.businessinsider.com time to read: +4 min

I started visiting a drop-in center for homeless youth. I also couch-surfed until I was able to rent a basement room near the homeless youth drop-in center. I turned 40 this year — an age that so many of my homeless queer peers are never lucky enough to see. The queer youth I met at that time built a family with me and saved my life. I was immediately adopted into a community of other homeless queer youth.

Persons: —, Trevor, wasn't, There's Organizations: Service, Business, University of Chicago

☆ India wants to be the new China. Modi's shock election result shows it won't be easy.
▼ + stars: | 2024-06-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The growth is in part thanks to a shift in supply chains and investment flows as companies try to stop relying solely on China. India's stock markets tanked on the shock election results, with the benchmark Sensex index crashing over 5% in one day on Tuesday following the news. Despite the knee-jerk reaction, most analysts are optimistic about India's economic outlook given that Modi is still in charge. He said India will do better to capitalize on its services industry, especially since so many Indians are English speakers.

Persons: —, Narendra Modi's, Modi, Atman Trivedi, China, Council's Trivedi, Vishnu Varathan, Raghuram Rajan, NPR's, It's, Rajan Organizations: Service, Indian, Business, Bharatiya Janata Party, —, Atlantic, Asia Center, Centre, Monitoring, Coalition, Albright, Group, Mizuho Bank, United Nations Population Fund, University of Chicago Booth School of Business, Central Bank of India, International Monetary Fund Locations: China, India, Communist China, Asia, Japan

☆ Indian Prime Minister Narendra Modi's election shortfall leaves Wall Street scrambling
▼ + stars: | 2024-06-05 | by ( Seema Mody | ) www.cnbc.com time to read: +5 min

Indian Prime Minister Narendra Modi gestures, at the Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Over the past several years, chief executives from some of the biggest companies in the United States have invested time and money into relationships with Modi, as they set their sights on the Indian market. Modi's economic agendaModi's failure to secure a supermajority for his party also raises new questions about the Modi government's broader economic agenda. Now, one of the labor laws that Modi's government had intended to reform may not get implemented, because Modi's party, the Bharatiya Janata Party, or BJP, no longer holds an outright majority in Parliament. Supporters of the ruling Bharatiya Janta Party (BJP) holding cut-outs of India's Prime Minister a Narendra Modi during an election campaign rally in Amritsar on May 30, 2024.

Persons: Narendra Modi, Adnan Abidi, Garre, Modi, Pramit Chaudhuri, Rahul Sharma, Shafer Cullen, Sharma, Chaudhuri, Raghuram Rajan, Rajan, Narinder Nanu Organizations: Indian, Bharatiya Janata Party, BJP, Reuters, Bernstein, GE Aerospace, Apple, Nvidia, CNBC, Modi, Coalition, Asia Society's, Reserve Bank of India, University of Chicago's Booth School of Business, Bharatiya Janta Party, India's, Afp, Getty Locations: New Delhi, India, United States, China, Asia, Asia Society's India, Eurasia, Amritsar

☆ AI could help predict the financial earnings of companies as large as Apple, researchers say
▼ + stars: | 2024-06-02 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Read previewA study found that OpenAI's GPT-4 could perform financial statement analysis and, in some cases, predict a company's future performance better than a human analyst. The analysis didn't include text typically accompanied in quarterly earnings reports, such as the Management Discussion and Analysis (MD&A) section, the study said. AdvertisementWith the data, Muhn told Business Insider that he and his colleagues could grade how financial analysts performed in their forecasts. For example, the study found that analysts achieved a 53% accuracy in one-month forecasts of the direction of future earnings. So, the multibillion-dollar question: Can LLMs replace human financial analysts?

Persons: —, Alex Kim, Maximilian Muhn, Valeri Nikolaev —, Muhn, GPT, Kim Organizations: Service, University of Chicago Booth School, Business, Apple, BI

☆ Former CIA agent: 4 powerful, underutilized phrases can help you establish credibility and earn anyone's trust
▼ + stars: | 2024-06-02 | by ( Rupal Patel | ) www.cnbc.com time to read: +6 min

It is faster, and more valuable, to ask what information the other person needs, instead of trying to guess. When debating our reporting at the CIA, we always solicited disagreements because they made the our overall argument more robust. 'I don't know, but I will find out and come back to you'This is one of the most powerful and underutilized sentences you can use in stressful environments. Instead, we said, "I don't know, but I will find out and come back to you." It's the ultimate sign of humility and thoughtfulness when you can confidently say what you don't know.

Persons: Rupal Patel, I've, John McCain, —, isn't, it's, Rupal, Patel Organizations: CIA, Star, Columbia University, University of Chicago, London Business School, Residence Locations: United States

☆ GPT-4 is better than humans at financial forecasting, new study shows
▼ + stars: | 2024-05-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

OpenAI's GPT-4 is better than humans at analyzing financial statements and making forecasts, according to a new study. "Even without any narrative or industry-specific information, the LLM outperforms financial analysts in its ability to predict earnings changes," the study found. AdvertisementOpenAI's GPT-4 proved to be a better financial analyst than humans, according to a new study. "Even without any narrative or industry-specific information, the LLM outperforms financial analysts in its ability to predict earnings changes," the study said. AdvertisementThe study utilized "chain-of-thought" prompts that directed GPT-4 to identify trends in financial statements and calculate different financial ratios.

Persons: OpenAI's GPT, —, OpenAI's, Sharpe Organizations: Service, Booth School of Business, University of Chicago

☆ Sweeping changes to America's aging power grid are on their way to help bypass NIMBY roadblocks and state infighting
▼ + stars: | 2024-05-23 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +9 min

America's power grid is old and stressed. The main problem: It takes way too long to build towering high-voltage power lines that carry electricity across state lines and to hook up new power to the grid. AdvertisementBut upgrading the power grid gets bogged down by several issues. A new rule issued by the Federal Energy Regulatory Commission this month is aimed at tackling some of the problems. If the US doesn't invest in regional transmission lines, customers will pay the price in the form of congestion and more life-threatening outages.

Persons: Brett White, Larry Gasteiger, Allison Clements, West Virginia —, Jeffrey Shields, PJM, Shields, Manu Asthana's, Asthana, Mark Christie, Neil Chatterjee, Chatterjee, Christine Powell, Chuck Schumer, Gasteiger Organizations: Service, Business, Energy, Princeton University, Federal Energy Regulatory, Democrat, Sierra Club, Republican, Department of Energy, DOE, FERC, Earthjustice's Clean Energy, University of Chicago, wouldn't Locations: Pine, States, Maryland, Pennsylvania, West Virginia, New Jersey, California

☆ Trump VP prospect Doug Burgum and GOP megadonor Harold Hamm are allies in business and politics
▼ + stars: | 2024-05-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

Continental Resources donated $1 million to the super PAC in April, according to Federal Election Commission records. A spokeswoman for both Continental Resources and Hamm, its executive chairman, did not respond to a request for comment. All seven wells have been active since 2011, just two years after Burgum's family signed an agreement with Continental Resources. The Burgum Farm Partnership LLP, which oversees the family farm land in Williams County and Cass County, is worth between $500,001 and $1 million, according to the financial disclosure. Doug Burgum is a managing partner of the Burgum Farm Partnership, and he signed the businesses' latest annual report in March.

Persons: Donald Trump, Doug Burgum, Vivek Ramaswamy, Jabin, Harold Hamm, Burgum, Theodore Roosevelt, Sen, Marco Rubio, Rubio, Trump, Hamm, Bradley Burgum, Mike Nowatzki, Nowatzki, Burgum's, He's, Barbara, Edward Hirs, Brandon Bell, Jack Balagia, Ryan Kellog, Kellog, Ted Borrego, —, Virginia Canter, Canter, Chip Somodevilla, he's, Kathryn, Dan Eberhart, Eberhart, Leah Millis Organizations: North Dakota Gov, Margate, Washington Post, Continental Resources, Trump White House, CNBC, Trump, Republican, Trump that's, Inc, Commission, Continental, Federal, North Dakota's Minerals Department, Drilling, LLP, University of Houston, Getty, University of Texas, Exxon Mobil, University of Chicago, University of Houston Law Center, Trump White, North, Canter . North, Burgum Locations: Laconia, NH, Hamm, North Dakota, Williams County, Burgum, Fla, Florida, Dakota, North, Brooklyn, Cass County, Fort Stockton , Texas, Washington, Canter ., Canter . North Dakota, Laconia , New Hampshire, Continental Resources . North Dakota, Pittsburgh , Pennsylvania, U.S

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