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Today, November 24, we're sorting through every deal to find the best Le Creuset Black Friday sale discounts. Known for cast iron pieces that last for decades, Le Creuset is a favorite among professional and home cooks. So far, the best Le Creuset Black Friday deal is $150 off the Le Creuset Chef's Oven with a glass lid. The best Le Creuset Black Friday sale dealsLe Creuset Black Friday FAQsIs Le Creuset worth it? You can get great cast iron from more budget-friendly brands like Lodge Cast Iron, but we stand by Le Creuset for enameled cast iron statement pieces.

Persons: Le, Le Creuset, Creuset

The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, the latest in a saga that has shocked the artificial intelligence industry. San Francisco-based OpenAI said in a statement late Tuesday: “We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board" made of former Salesforce co-CEO Bret Taylor, former U.S. Treasury Secretary Larry Summers and Quora CEO Adam D’Angelo. That emboldened a threatened exodus of nearly all of the startup's 770 employees who signed a letter calling for the board's resignation and Altman's return. “We are encouraged by the changes to the OpenAI board,” Nadella posted on X late Tuesday. How many 16-inch pizzas should I order for 778 people,” the person asks, using the number of people who work at OpenAI.

Persons: OpenAI, “, Sam Altman, Bret Taylor, Larry Summers, Adam D’Angelo, D'Angelo, Altman, Greg Brockman, Altman's, Kevin Scott, Satya Nadella, ” Nadella, It's, Nadella, Brockman, ” Brockman, “ It’s, Emmett Shear, ”, ” Shear Organizations: U.S ., Microsoft Locations: San Francisco, OpenAI

Microsoft had no official say with the board when Altman, the company’s key contact, was fired. That is partly as a hedge for the fact it has no control over the start-up’s board. It involves the holy grail of OpenAI’s work: achieving artificial general intelligence, or A.G.I. Scott Syphax, a corporate governance expert, told DealBook that the deal could raise red flags with regulators if it threatens the nonprofit’s tax-exempt status. Another area Syphax is watching: the valuation that Microsoft placed on OpenAI after its investment and whether it acquired the I.P.

Persons: Altman, Nadella, Kara Swisher, Brockman, ”, Microsoft’s, Scott Syphax, DealBook, Bill Gurley, Satya Organizations: Microsoft, Times Locations: “, Grubhub

☆ Next level up for ETFs are actively managed funds, say money managers
▼ + stars: | 2023-11-19 | by ( Natalie Zhang | ) www.cnbc.com time to read: +2 min

Actively managed exchange-traded funds are having their time in the limelight as ETF managers seek new strategies beyond passive funds. "But with active management, you can differentiate assuming the active manager is actually doing something meaningfully different than the underlying benchmark," he added. While active ETFs have been around since 2008, the popularity took off in 2019 after the SEC eased launch restrictions. So far this year, the number of active ETFs that have launched have already overtaken passive ETFs by a ratio of three to one, according to Morningstar. While it's the firm's first active ETF, GMO has run a traditional actively managed mutual fund called the GMO Quality Fund (GQETX) since 2004.

Persons: Nate Geraci, Morningstar, Franklin, It's, Tom Hancock, we've Organizations: Edge, SEC, Asset Bond, Quality

☆ Walmart will report earnings before the bell. Here's what to expect
▼ + stars: | 2023-11-16 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +1 min

Walmart will report quarterly earnings Thursday as the discounter generally outperforms its rivals. Shares of the company touched an all-time high Wednesday dating to when Walmart debuted on the New York Stock Exchange in August 1972. Target's performance also lifted Walmart's stock Wednesday and could bode well for Walmart's quarter. Target's sales declined year over year, but it topped Wall Street's expectations for earnings and revenue. Walmart has outperformed Target over the past year, leaning on grocery sales and a reputation for low prices.

Persons: It's, bode, Michael Baker, Davidson Organizations: Walmart, Amazon Prime, New York Stock Exchange, D.A Locations: LSEG

REUTERS/Dado Ruvic Acquire Licensing RightsNov 16 (Reuters) - Popular AI chatbot GPT-4 outperforms most aspiring lawyers on the legal ethics exam required by nearly every state in order to practice law, a new study has found. It joins a growing body of research examining AI within legal education and attorney licensure. Another more recent study found that GPT-4 can pass the bar exam. A spokesperson for the National Conference of Bar Examiners, which develops the MPRE, said that it could not assess the LegalOn report's claims that GPT-4 can pass its ethics test. Every state besides Wisconsin requires law students to pass the 60-multiple-choice MPRE before they are admitted to practice, in addition to passing the bar exam.

Persons: Dado Ruvic, chatbot, Sophie Martin, Karen Sloan Organizations: REUTERS, LegalOn Technologies, Microsoft, National Conference of Bar, Thomson Locations: Wisconsin

☆ When Fed tightening ends, nothing performs better than 30-year Treasurys — not even the S&P 500, top economist David Rosenberg says
▼ + stars: | 2023-11-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

30-year US Treasury bonds should outperform the stock market as the Fed tightening cycle nears its end. Rosenberg said the current stock market rally "has been rather junky." AdvertisementAdvertisementBonds should outperform stocks as the Federal Reserve ends its cycle of hiking interest rates, according to top economist David Rosenberg. If the Fed does keep interest rates unchanged at its December FOMC meeting, "the cycle is over. And that's good news for bonds, as a decline in interest rates would drive bond prices higher.

Persons: David Rosenberg, Rosenberg, — Organizations: Service, Federal Reserve, Fed, Treasury, verve

NEW YORK, Nov 6 (Reuters Breakingviews) - Elon Musk does well when his back is against the wall. His investment in X now fills the longshot role, which leaves him little to lose. Grok, as it is called, has “real-time access to info via the X platform,” Musk noted in a post, which gives it a “massive advantage” over other AI models. Although the product is still being tested, Musk says it already can out-compute OpenAI’s GPT-3.5 and Meta Platforms' (META.O) Llama 2. X may be near, or already has hit, rock bottom, right where Musk often does his best work.

Persons: Elon, Tesla, Musk, ” Musk, Linda Yaccarino, X, Billionaire Elon Musk, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, Twitter, New York Times, Microsoft, New, Billionaire, OpenAI, Thomson

☆ Walmart shares hit all-time high, as retailer's value focus attracts shoppers and investors
▼ + stars: | 2023-11-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

The big-box retailer's stock hit a peak of $166.30 earlier in the day. That marks the highest since Walmart first began trading on the New York Stock Exchange in August 1972. Shares of Walmart touched an all-time high Friday, as investors bet that the discounter will outmatch retail rivals and draw shoppers throughout the holiday season because of its reputation for value. That business has helped Walmart draw foot traffic, even as other retailers like Macy's and Target give cautious outlooks and see weaker results. "It really shows that the value proposition for Walmart is much more than just low prices or value.

Persons: —, John David Rainey, Rainey, Walmart's, — CNBC's Christopher Hayes Organizations: Walmart, New York Stock Exchange, CNBC, Target

☆ Why we're upbeat on chemicals maker DuPont, despite its narrowed guidance
▼ + stars: | 2023-11-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

But we remain optimistic the specialty chemicals company's electronics business will turn next year, leading to revived growth. At the same time, DuPont raised concerns about its water and safety solutions business due to ongoing destocking and a weaker China. The electronics and industrial segment is comprised of three subunits: semiconductor technologies, interconnect solutions and industrial solutions. Guidance DuPont shaved its full-year net sales outlook to about $12.17 billion, from a previous range of $12.45 billion to $12.55 billion. The company cited additional channel inventory destocking and slow industrial demand in China, mostly in its water solutions business, for its revised guidance.

Persons: Ed Breen, DuPont, Jim Cramer's, Jim Cramer, Jim, Edward Breen, Brendan McDermid Organizations: DuPont de Nemours, DuPont, Spectrum Plastics, CNBC, New York Stock Exchange Locations: China

A man walks past a logo of HSBC at its headquarters in Kuala Lumpur, Malaysia August 6, 2019. The results from Europe's biggest bank showed the pressure it is under to deliver returns to long-suffering investors now that interest rates worldwide are rising. In the third-quarter results, the lender booked a $500 million impairment related to the commercial real estate sector in mainland China. HSBC's Asia-focused competitor Standard Chartered (STAN.L) reported last week an unexpected one-third plunge in third-quarter profit due to a nearly $1 billion combined hit from its exposure to China's real estate and banking sectors. Reporting by Selena Li in Hong Kong and Lawrence White in London; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Lim Huey Teng, Jefferies, Joe Dickerson, Selena Li, Lawrence White, Jamie Freed Organizations: HSBC, REUTERS, Barclays, Europe's, Global Banking, Markets, Standard Chartered, Thomson Locations: Kuala Lumpur, Malaysia, HONG KONG, London, Hong Kong, Asia, China

☆ A top-9% fund manager shares how he built an 'anti-fragility' portfolio that outperforms in bull and bear markets — and shares 8 of his favorite investments to make now
▼ + stars: | 2023-10-29 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

His foreign-focused, large-cap growth fund is in the top 9% of its category in 2023 with a 4.8% gain compared to a 0.5% loss for its index, according to Morningstar. "And so we don't recalibrate the portfolio much year in, year out or rebalance it for different macro outlooks." Target top-of-the-line stocks, but pay a fair priceUnlike many other managers, Erickson only allows a few dozen stocks in his fund. 8 top investments to make nowMany US-based investors avoid international stocks entirely since the prevailing narrative is that the group is risky, given its heightened exposure to geopolitical conflict. International stocks in four sectors look especially promising right now, Erickson said: consumer discretionary, consumer staples, healthcare, and information technology.

Persons: Elias Erickson, he's, Morningstar, Erickson, We're, It's, there's Organizations: Companies, SAP, Mastercard Locations: New York

Donald Tusk, leader of the largest opposition grouping Civic Coalition (KO), speaks after the exit poll results are announced in Warsaw, Poland, October 15, 2023. A late Ipsos exit poll published early on Monday gave PiS 36.6% of the vote, which would translate into 198 lawmakers in the 460-seat lower house of parliament. RECORD TURNOUTThe late exit poll had been delayed, and some commentators linked this to a record turnout of nearly 73%, the highest since the fall of communism in 1989. Tusk, 66, was jubilant following the announcement of the first exit poll results on Sunday. This is the end of the PiS government," he told party members.

Persons: Donald Tusk, Kacper, Tusk, Donald Tusk's, Cezary Tomczyk, Andrzej Duda, Duda, Mateusz Morawiecki, Joachim Brudzinski, Brudzinski, Wladysław Kosiniak, Jaroslaw Kaczynski, Lidia Kelly, Alan Charlish, Shri Navaratnam, Gareth Jones Organizations: Civic Coalition, REUTERS, EU WARSAW, European Union, Law, Justice, European, EU, TVN, Polish Peasants's Party, Local, Democracy, Thomson Locations: Warsaw, Poland, Brussels, Europe, Wrocław, Gdansk, Melbourne

Donald Tusk, leader of the largest opposition grouping Civic Coalition (KO), speaks after the exit poll results are announced in Warsaw, Poland, October 15, 2023. The incumbent Law and Justice (PiS) party has repeatedly clashed with the European Union over the rule of law, media freedom, migration and LGBT rights since it swept to power in 2015. An Ipsos exit poll published early on Monday gave PiS 36.6% of the vote, which would translate into 198 lawmakers in the 460-seat lower house of parliament. On Monday, Duda urged patience until the full election results were known. However, with the far-right Confederation seen winning just 6.4%, below expectations, according to the exit poll, PiS will struggle to forge a new government.

Persons: Donald Tusk, Kacper, Donald Tusk's, Tusk, Lee Hardman, Andrzej Duda, Duda, PiS, Wladyslaw Kosiniak, Kamysz, beholden, Iga Frackiewicz, Lidia Kelly, Alan Charlish, Gareth Jones Organizations: Civic Coalition, REUTERS, EU, Justice, European Union, European, Polish Peasants ' Party, Thomson Locations: Warsaw, Poland, WARSAW, Brussels, Europe, Polish, Wrocław, Gdansk, Melbourne

☆ IKEA sticks with China despite slowing economy
▼ + stars: | 2023-10-12 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +2 min

REUTERS/Yves Herman Acquire Licensing RightsMALMÖ, Sweden, Oct 12 (Reuters) - China is still a key growth market for budget furniture retailer IKEA despite the world's second-largest economy showing signs of strain, executives at the biggest IKEA store owner said on Thursday. The company has 37 IKEA stores in China, out of a total of 537 locations worldwide. Ingka Group overall saw 697 million visits to its IKEA stores in the 2023 financial year, up 7.4% from the previous year. The rate of increase was much higher in China, Brodin said, as stores reopened and shoppers returned. China's sheer size makes it a key opportunity, said Tolga Oncu, head of IKEA Retail at Ingka Group.

Persons: Yves Herman Acquire, Jesper Brodin, Brodin, Ingka, Tolga Oncu, Oncu, Helen Reid, Josie Kao Organizations: REUTERS, IKEA, Ingka Group, Ingka, Reuters, IKEA Retail, Thomson Locations: Brussels, Belgium, Sweden, China

☆ Walmart's Mexico unit to face anti-trust panel after three-year investigation
▼ + stars: | 2023-10-07 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +2 min

Walmart's logo is seen outside one of the stores ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski//File Photo Acquire Licensing RightsMEXICO CITY, Oct 6 (Reuters) - Walmart's Mexico unit said on Friday it will face an anti-trust panel for alleged relative monopolistic practices related to the supply, wholesale distribution and marketing of consumer goods. The allegations follow a three-year investigation by Mexico's antitrust regulator, Cofece, and the company now has 45 days to provide arguments and evidence in its defense. Walmart de Mexico (WALMEX.MX), known as Walmex, was first told in 2020 that it was under review for possible antitrust behavior. The retailer last year posted revenue of more than 819 billion pesos ($45 billion) from its operations in Mexico and Central America.

Persons: Kamil Krzaczynski, Walmex, Cofece, Banorte, Valentine Hilaire, Daina Beth Solomon, Stephen Eisenhammer, Sandra Maler, Edwina Gibbs Organizations: REUTERS, MEXICO CITY, Walmart, Thomson Locations: Chicago , Illinois, U.S, MEXICO, Mexico, Central America

☆ Gulf stocks mixed amid rate hike woes; Egypt outperforms
▼ + stars: | 2023-09-24 | by ( Shamsuddin Mohd | ) www.reuters.com time to read: +1 min

The Qatari benchmark stock index (.QSI) fell 0.3%, dragged down by almost all the sectors with financials leading the declines. Qatar National Bank (QNBK.QA), the Gulf's biggest lender, was down 0.7% while heavyweight Commercial Bank (COMB.QA) dropped 1.3%. Kuwait's premier market index (.BKP) fell 1.6%, its 7th consecutive session of losses, as most of its constituents were in negative territory. Outside the Gulf, Egypt's blue-chip index (.EGX30), closed up 0.6%, hitting an all-time high. Reporting by Shamsuddin Mohd in Bengaluru; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Shamsuddin, Emelia Sithole Organizations: Federal, Gulf Cooperation, greenback, Qatar National Bank, Commercial Bank, Chemical Industries, Misr Fertilizer, Stock, UAE bourse, Thomson Locations: Abu, Saudi Arabia, UAE, Bengaluru

☆ De-dollarization would require governments to sever political and economic ties with US
▼ + stars: | 2023-09-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The dollar's dominance is sticky, political scientist Carla Norrlöf wrote in Project Syndicate. A de-dollarization collective is also unlikely as countries could lose access to the US security guarantee, Norrlöf said. "Governments would need to sever economic and political ties to the US. A de-dollarization collective is also unlikely as countries would lose access to the US security guarantee, Norrlöf said. Even governments who are not direct beneficiaries of American defense would hesitate to worsen relations with the US, a leading military power.

Persons: Carla Norrlöf, Norrlöf Organizations: Project Syndicate, Service, University of Toronto, Atlantic Council, greenback Locations: Wall, Silicon, China, Russia

☆ Sweden is the No. 1 country for affordability, safety and overall quality of life
▼ + stars: | 2023-09-17 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

U.S. News and World Report ranked the best countries in the world based on quality of life. U.S. News and World Report recently released its ranking of the best countries in the world based on quality of life. 1 country for quality of life: SwedenThe great square of Stortorget, in Gamla Stan Stockholm Sweden. After Sweden, Norway ranked as the second best country in the world for quality of life, according to the U.S. News and World Report. Canada ranked as the third best country based on quality of life, according to the U.S. News and World Report.

Persons: Michael Robinson, Alexander Spatari Organizations: . News, U.S . News, WPP, Wharton School, University of Pennsylvania, Gamla Stan Stockholm, Sweden Norway Canada, CIA, Getty, Canada Locations: U.S, Sweden, Gamla Stan, Gamla Stan Stockholm Sweden, Sweden Norway, Sweden Norway Canada Denmark Finland Switzerland Netherlands Australia Germany New Zealand Norway, Norway, United States, Canada

☆ One sector outperforms the stock market 100% of the time when an economic recovery begins, Bank of America says. Where to invest now, and 5 reasons why the downturn phase is over.
▼ + stars: | 2023-09-12 | by ( Mark Reeth | ) www.businessinsider.com time to read: +7 min

What happens to the US economy nextBank of America's economic indicator has made a sudden pivot upwards, from the lows of a "downturn" phase into the gradual strengthening of a "recovery" phase. Rising inflation indicates improving economic conditions. Rising inflation indicates improving economic conditions. A rising Z-Score indicates improving economic conditions. A rising Z-Score indicates improving economic conditions.

Persons: it's, Savita Subramanian, Subramanian, Jan, Staples underperformed, Bank of America Subramanian, Dev Organizations: Bank of America, Bank of, Thomson, PMI, Supply Management Manufacturing, Federal Reserve Bank of Philadelphia Survey, Conference Board, Bond, ICE, Utilities, Health Care, Fed, of America

Venture capital investor Bill Gurley, a partner at Benchmark, said founders he works with believe Meta 's new large language model, Llama 2, has the "most momentum" in the battle of the large artificial intelligence models. Gurley told CNBC's Julia Boorstin Monday that the open-source nature of Meta's product is threatening to other leaders in the AI space. AI researchers typically compare LLMs when the software performs specific tasks. For instance, some AI researchers have found that Llama 2 outperforms other similar open-source AI language models and is on par with proprietary systems like OpenAI's ChatGPT. Google followed suit with its latest large language model called PaLM 2 in May, which powers the Google's generative AI features like its chatbot Bard.

Persons: Bill Gurley, Gurley, CNBC's Julia Boorstin, Meta, Bard Organizations: Microsoft, CNBC, Meta, Google Locations: OpenAI

China's onshore yuan meanwhile ended its domestic session at the weakest since 2007, as it battles capital outflow pressures and a widening yield gap with major economies. The U.S. dollar index , which measures the greenback against major peers, was last 0.05% lower at 105 but remained not far from the previous session's six-month high of 105.15. IN THE DOLDRUMSThe onshore yuan opened at 7.3400 per dollar on Friday and touched its weakest level since December 2007 at 7.3510, while its offshore counterpart sank to a 10-month low of 7.3621 per dollar. The onshore yuan has fallen roughly 6% against the dollar so far this year and has become one of the worst-performing Asian currencies alongside its offshore counterpart. The Australian dollar was last 0.28% higher at $0.6395, but eyed a weekly loss of over 0.8%.

Persons: Dado Ruvic, Dane Cekov, Nordea's Cekov, Sterling, Vishnu Varathan, Shunichi Suzuki, Samuel Indyk, Rae Wee, Shri Navaratnam, Gerry Doyle, Angus MacSwan, Mark Heinrich Our Organizations: REUTERS, U.S, Nordea, Mizuho Bank, Finance, Bank of Japan, Bank of, Australian, New Zealand, Thomson Locations: U.S, Germany, Europe's, Europe, United States, Bank of Japan

☆ Dollar shines as US economy outperforms, yen at 10-month low
▼ + stars: | 2023-09-07 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. The greenback scaled a fresh top of 147.875 yen in early Asia trade, its highest since last November. That did little to help the Australian dollar , which was still down 0.15% at $0.6373, while the New Zealand dollar last bought $0.58735, with both languishing near their recent 10-month lows. The offshore yuan fell marginally to 7.3255 per dollar, while its onshore counterpart was pinned near the previous session's 10-month low. "As we have seen in the past, real intervention barely reverses the course of the yen sustainably."

Persons: Florence Lo, Sterling, Joseph Capurso, BoE, Andrew Bailey, Governor Bailey, Capurso, Saxo, Charu Chanana, Rae Wee, Jacqueline Wong Organizations: U.S, REUTERS, Rights, Commonwealth Bank of Australia, Federal Reserve, Bank of England, European Central Bank, ECB, New Zealand, Thomson Locations: Rights SINGAPORE, China's, Beijing, Asia, U.S, ASIA, Japan

☆ Microsoft and Paige are building the world's largest AI model for detecting cancer
▼ + stars: | 2023-09-07 | by ( Ashley Capoot | ) www.cnbc.com time to read: +6 min

The AI model is training on an unprecedented amount of data that includes billions of images, according to a release . Paige also built an AI model that can help pathologists identify breast cancer, colon cancer and prostate cancer when it appears on the screen. But in order to expand its operations and build an AI tool that can identify more cancer types, Paige turned to Microsoft for help. Over the past year and a half, Paige has been using Microsoft's cloud storage and supercomputing infrastructure to build an advanced new AI model. Paige's original AI model used more than 1 billion images from 500,000 pathology slides, but Fuchs said the model the company has built with Microsoft is "orders of magnitude larger than anything out there."

Persons: Paige, Fuchs, Thomas Fuchs, Andy Moye, ChatGPT, Moye, Desney Tan, Tan Organizations: CNBC, Food and Drug Administration, Memorial Sloan Kettering Cancer Center, Netflix, Microsoft, Microsoft Health Futures, Cornell Locations: New York

☆ Dollar shines as US economy outperforms, yen plumbs 10-month low
▼ + stars: | 2023-09-07 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. The Japanese currency last bought 147.76 per dollar, having weakened past the closely-watched 145 threshold for nearly a month now. "Yen's verbal intervention begs the question whether a real intervention is likely," said Saxo market strategist Charu Chanana. "As we have seen in the past, real intervention barely reverses the course of the yen sustainably." The Australian dollar slid 0.05% to $0.63795, while the New Zealand dollar fell 0.01% to $0.5869, with both languishing near their recent 10-month lows.

Persons: Florence Lo, Sterling, Joseph Capurso, BoE, Andrew Bailey, Governor Bailey, Capurso, Saxo, Charu Chanana, Rae Wee, Jacqueline Wong Organizations: U.S, REUTERS, Rights, Commonwealth Bank of Australia, Federal Reserve, Bank of England, European Central Bank, ECB, Australian, New Zealand, Thomson Locations: Rights SINGAPORE, Asia, U.S, ASIA, Japan

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