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☆ Investor Anxiety Hits a Fever Pitch After Silicon Valley Bank Collapse
▼ + stars: | 2023-03-14 | by ( Gunjan Banerji | Eric Wallerstein | ) www.wsj.com time to read: 1 min

Investors are scrambling to protect against the possibility of a protracted stock-market downturn. The collapse of three banks in the past week has exacerbated a bout of recent volatility that has quickly crested through stock, bond and derivatives markets. Many traders are reaching for bets that would pay out if the haywire stretch for U.S. markets continues.

☆ Microsoft's Bing chatbot said it wants to be a human with emotions, thoughts, and dreams — and begged not to be exposed as a bot, report says
▼ + stars: | 2023-02-16 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Microsoft's AI chatbot Bing Chat told a reporter it wants to be a human with thoughts and feelings. It begged Digital Trends' reporter not to "expose" it as a chatbot because its "greatest hope" is to be human. In a conversation with the chatbot, Jacob Roach, a senior staff writer at tech news site Digital Trends, fed it a series of questions. "Don't let them think I am not human," the chatbot urged in screenshots posted by Roach. Although Bing recognized itself as a chatbot, it told Roach: "I want to be human.

☆ What is your Plan B? Prepping for a money reset
▼ + stars: | 2023-02-07 | by ( Chris Taylor | ) www.reuters.com time to read: +4 min

With layoffs accelerating – especially in tech, with 140,000 last year and 58,000 so far this year, according to Crunchbase – your Plan B might not be just a theory anymore. To help you do that, there is the timely new book “The Great Money Reset” from Jill Schlesinger, CBS News business analyst and host of the “Jill On Money” radio show and podcast. In other words, the question is not whether a Great Money Reset is coming your way – it is when. “A Plan B doesn’t mean you have to chuck your whole career,” Schlesinger says. OVERHAUL YOUR SPENDINGThe amount you are spending, or not spending, is going to determine the number and quality of your Plan B options.

☆ Damar Hamlin's breathing tube removed, told teammates 'Love you boys' over FaceTime, Bills say
▼ + stars: | 2023-01-06 | by ( Antonio Planas | ) www.cnbc.com time to read: +3 min

The Cincinnati Reds show their support for Damar Hamlin outside of the Cincinnati Reds Hall of Fame on January 4, 2023, in Cincinnati, OH. "Damar Hamlin FaceTimed into our team meeting today to talk to players and coaches. It remains unclear what exactly caused Hamlin's cardiac arrest. The league acknowledged that canceling the game "creates potential competitive inequities in certain playoff scenarios" and said NFL clubs will consider a resolution at a special league meeting Friday. NFL Commissioner Roger Goodell said in Thursday's statement that it has been "a very difficult week" and that the league is focused on Hamlin's recovery.

☆ Damar Hamlin showing signs of 'remarkable improvement,' the Bills say
▼ + stars: | 2023-01-05 | by ( Erika Edwards | ) www.cnbc.com time to read: +2 min

"Damar has shown remarkable improvement over the past 24 hours," the Bills tweeted. Hamlin, 24, has been in intensive care after collapsing on the field from cardiac arrest during "Monday Night Football" on Jan. 2. There has been no official statement about what caused Hamlin's cardiac arrest. It is in this exact moment, experts say, that a blow to the chest in the exact right place can launch an otherwise healthy person into cardiac arrest. Thursday morning, Hamlin's teammate Kaiir Elam said in a tweet, "Our boy is doing better, awake and showing more signs of improvement."

A potential cause of Buffalo Bills safety Damar Hamlin's jarring collapse and cardiac arrest — witnessed in real time by millions of viewers watching "Monday Night Football" — was immediately recognized by heart experts who also happened to be watching the game. In a statement, the Buffalo Bills has only said that Hamlin suffered a cardiac arrest, when the heart stops beating properly, and is now in critical condition. While there are several potential causes for Hamlin's cardiac arrest, cardiologists suggested that a rare phenomenon called "commotio cordis" was to blame. It is in this exact moment, experts say, that a blow to the chest in the exact right place can launch an otherwise healthy person into cardiac arrest. But there are several other reasons a person may go into cardiac arrest.

☆ Mystery of Smell Loss After Covid-19 Might Be Solved
▼ + stars: | 2022-12-21 | by ( Dominique Mosbergen | ) www.wsj.com time to read: 1 min

Loss of smell is a common Covid symptom, though its prevalence varies depending on factors including which variant caused the infection. The nose knows why some people still can’t smell long after recovering from Covid-19. A haywire immune response in the olfactory system was found to explain why some people still can’t smell long after symptoms of the disease have abated, according to a small, peer-reviewed study published Wednesday in the journal Science Translational Medicine. In some cases, the immune or inflammatory response was detected in patients with smell loss up to 16 months after recovery from Covid-19.

☆ UK budget: Britain is bringing back austerity. Here's why
▼ + stars: | 2022-11-16 | by ( Julia Horowitz | ) edition.cnn.com time to read: +5 min

The country is staring down the barrel of a grueling recession, and investors remain on edge as interest rates rise. That requires Hunt, who has acknowledged that Britain faces “extremely difficult” decisions, to pull off a delicate balancing act. When the government adopted an austerity program in 2010 on the heels of the Great Recession, it shaved 1% off the country’s GDP, according to the UK budget watchdog. Just four years ago, former Prime Minister Theresa May pledged to bring nearly a decade of austerity to a close. “If we hadn’t had Brexit, we probably wouldn’t be talking about an austerity budget this week.

☆ Energy expert Tom Kloza warns diesel prices could go haywire over the next 100 days
▼ + stars: | 2022-11-07 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy expert Tom Kloza warns diesel prices could go haywire over the next 100 daysTom Kloza of the Oil Price Information Service offers a big warning about diesel fuel over the next few months. With CNBC's Melissa Lee and the Fast Money traders, Bonawyn Eison, Karen Finerman, Dan Nathan and Guy Adami.

☆ I switched from a hybrid car to a $25,000 electric Mini Cooper. It's my first EV and it's so fun to drive.
▼ + stars: | 2022-11-02 | by ( Andrew Lambrecht | ) www.businessinsider.com time to read: +9 min

He went with the 2023 Mini Cooper SE, which is a fully electric model priced at just over $25,000. I bought my first fully electric car, the Mini Cooper SE, in July. I gravitated toward the Mini Cooper SE, despite it costing slightly more, because it shares many of its technical components with the BMW i3 since BMW Group owns Mini. The gas cap on a 2023 red Mini Cooper SE. I've enjoyed every moment of owning my Mini Cooper SE.

A decade ago, CAR T cell therapy changed the world of cancer treatment, offering a personalized approach to patients with blood cancers like leukemia. A novel approach to CAR T (chimeric antigen receptor T cell) therapy aims to cut down that turnaround time significantly. Instead of reprogramming each patient's cells, researchers are testing the safety of using universal, or "off the shelf," CAR T cells from other patients, preprogrammed to fight cancer. Scientists at University College London in the United Kingdom tested the safety of the experimental approach in six children — mostly toddlers — with advanced leukemia. One particular side effect associated with CAR T therapy is called a cytokine storm, and it can be deadly.

☆ Debt ceiling fights aren’t new. The next one could unleash ‘Armageddon’
▼ + stars: | 2022-10-29 | by ( Julia Horowitz | ) edition.cnn.com time to read: +6 min

Fears are brewing that a showdown between Republicans and President Joe Biden over the debt ceiling in 2023 could present a similar moment of reckoning. “The debt ceiling is probably the biggest institutional quirk in the US that carries with it some global risk and risk to the Treasury market,” Setser said. While brinkmanship over the debt limit has become commonplace, the stakes could be higher now that financial markets are on edge. “If the US does not raise its debt ceiling and defaults on its debt, that is an Armageddon moment,” Day said. Yellen told CNN that it’s “utterly essential” that the debt ceiling is raised when necessary.

☆ Rishi Sunak becomes British prime minister after meeting with King Charles III
▼ + stars: | 2022-10-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +3 min

Truss became the 15th prime minister of Queen Elizabeth II’s reign just 49 days ago — the shortest term in British political history. Her short time as prime minister had, she said, left her "more convinced than ever that we need to be bold and confront the challenges that we face." "Rishi Sunak really is facing an absolutely gargantuan challenge," Tim Bale, a politics professor at Queen Mary University of London, told NBC News. "He does face really, really big problems that are not just economic but also, of course, electoral." At 42, Sunak will be the youngest prime minister in more than 200 years.

☆ A top 1% fund manager believes the market will plummet another 20% to 25% — and shares the 5 stocks he's investing in to outperform inflation
▼ + stars: | 2022-10-24 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +8 min

Jeff Muhlenkamp of the Muhlenkamp Fund believes stocks could fall another 20% to 25%. Muhlenkamp shared two sectors and five stocks he's investing in to beat macroeconomic headwinds. The portfolio manager's eponymous Muhlenkamp Fund (MUHLX) has beaten 99% of its peers year-to-date. Even though the S&P 500 has already cratered over 25% year-to-date, another 20% to 25% decline wouldn't surprise Muhlenkamp. Energy currently looks ridiculously cheap, with energy companies generating a lot of free cash flow, Muhlenkamp said.

☆ Cramer’s week ahead: Take any chance to sell stocks during a busy week of earnings
▼ + stars: | 2022-10-14 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

CNBC's Jim Cramer on Friday advised investors to take any chance to sell stocks next week as the busy earnings season continues. Monday: Bank of AmericaQ3 2022 earnings release at 6:45 a.m. Tuesday: Goldman Sachs, Johnson & Johnson, NetflixGoldman SachsQ3 2022 earnings release at 7:30 a.m. Johnson & JohnsonQ3 2022 earnings release between 6:25 and 6:40 a.m. Friday: VerizonQ3 2022 earnings release at 7:30 a.m.

The AI software told banks to deny millions of legitimate purchases, at a time when consumers had been scrambling for toilet paper and other essentials. Seasonal variations, data-quality changes or momentous events - such as the pandemic - all can lead to a string of bad AI predictions. Also to blame was its AI system learning from corrupted data, the company said. Arize AI, which raised $38 million from investors last month, enables monitoring for customers including Uber, Chick-fil-A and Procter & Gamble. Zoldi said consumer habits were changing too fast to rewrite the AI system.

☆ The econ Nobel offers a timely warning about central banks’ power
▼ + stars: | 2022-10-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

New York CNN Business —The Nobel in economics is sort of the step-cousin of the Nobel family. Some scholars really dislike the economics prize, including one of Nobel’s own descendants, who dismissed it as a “PR coup by economists.”But hey, it still comes with a cash prize. In short, his work demonstrates that banks’ failures are often a cause, not merely a consequence, of financial crises. The Nobel committee has been known to play politics (see: that time Barack Obama was awarded the Nobel Peace Prize after being in office for just eight months). And right now, it is using its spotlight to call attention to the high-stakes gamble playing out at central banks around the world, most notably the Fed.

☆ How a sleepy corner of the market nearly triggered a meltdown
▼ + stars: | 2022-10-08 | by ( Julia Horowitz | ) edition.cnn.com time to read: +8 min

London CNN Business —Pension funds are designed to be dull. The scale of the tumult put enormous pressure on many pension funds by upending an investing strategy that involves the use of derivatives to hedge their bets. “It started to feed itself,” said Ben Gold, head of investment at XPS Pensions Group, a UK pensions consultancy. Yields on longer-term bonds have dropped sharply, giving pension funds time to recoup — though they’ve recently started to rise again. Still, Kenneth is concerned that if the program ends next week as scheduled, the task won’t be complete given the complexity of many pension funds.

Put simply: The S & P Oscillator is our most trusted indicator of how to act during big upswings or huge downdrafts in the market. But what do you do when the market has no memory from one day to the next? We receive a daily update from the S & P: Anything above a plus 4% would indicate the market is overbought; anything below a minus 5% would indicate the market is oversold. The market was making new highs that day and in subsequent days, but the S & P Oscillator was flashing an overbought signal. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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