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☆ Cramer on why the emperor of this market has been naked long enough: Unpacking Apple, Amazon, Meta and Alphabet
▼ + stars: | 2023-11-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

You think and think and think, and you still can't believe that things changed so radically in such a short period of time. So, let's pull apart Apple, Amazon, Meta and Alphabet to try to understand how unimportant what actually happened at these companies might be. Instead, Apple stock has climbed roughly 5% since it reported quarterly results on Nov. 2. Meta stock fell to $288 a share, down from $314, in a couple of sessions just because of that line in its earnings report. But like Apple and Amazon, Meta stock stabilized and has risen more than 14% since late October.

Persons: —, Lina Khan's, let's, Khan, Apple, Jim Cramer's, Jim Cramer, Jim, Alexi Rosenfeld Organizations: Apple, U.S . Federal Trade Commission, NFL, Amazon, Web Services, Google, YouTube, Amazon Web Services, Meta, Microsoft, Federal, Treasury, Procter & Gamble, CNBC, Getty Locations: wearables, Philippines, Indonesia, Brazil, Vietnam, China, Israel, Gaza, GOOGL, New York City

☆ Insider Today: Financial freedom's reality
▼ + stars: | 2023-11-11 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, I'm exploring something equally mysterious to me: How people who have achieved financial freedom got there, and what their lifestyles are like. The big storyThe work behind financial freedomTyler Le/InsiderPassive income. The concept of financial freedom sounds like a dream come true. The Insider Today Saturday team: Diamond Naga Siu, senior reporter, in San Diego.

Persons: —, Tyler Le, Dion McNeeley, Brian Luebben, they've, Arantza Pena Popo, Heather Johnson, Brandon Timothy, Heather, Brandon, he's, Austria Cassandra De Pecol, who's, Zers, Gen Zers, I'm, Nolan Church, Nicole J, Van, Bean, Dunkin, Krispy, Eduardo Munoz, Samantha Lee, Chelsea Davis Spatchcocking, Naga Siu, Dan DeFrancesco, Hallam Bullock, Lisa Ryan Organizations: Service, YouTube, Airbus, Orlando International, Google, Doordash, Riverton, REUTERS Locations: Austria, Pakistan, Tunisia, Riverton , Wyoming, Texas, Van Groningen, San Diego, New York City, London

The electronic voting system the state uses, which was purchased from Dominion Voting Systems in 2019 and implemented statewide in 2020, has been the subject of outlandish conspiracy theories. When it was initially filed in 2017, it targeted the paperless touchscreen voting machines that Georgia had been using for 15 years. It was then amended to challenge the election system the state bought in 2019, with claims that the new system has similar vulnerabilities. At the upcoming trial, the plaintiffs have “a heavy burden to establish a constitutional violation” connected to the voting system, she wrote. “We look forward to presenting our full evidence at trial and obtaining critical relief for Georgia voters,” said David Cross, an attorney for some of the individual voters.

Persons: Amy Totenberg, Totenberg, ”, Brad Raffensperger, Alex Halderman, Gabriel Sterling, David Cross, SEB, Marilyn Marks, Raffensperger, ” Marks Organizations: ATLANTA, U.S, Coalition, Good, Georgia, Dominion Voting Systems, Dominion, Trump, Fox News, University of Michigan Locations: Georgia, Coffee County

☆ This is the world's next major election. The winner has to fix chronic hyperinflation and halt a 6th recession in 10 years.
▼ + stars: | 2023-11-11 | by ( George Glover | ) www.businessinsider.com time to read: +9 min

AdvertisementAdvertisementArgentina is getting ready to choose its next president — and the country's economy is a mess. Triple-digit inflationSoaring prices are perhaps the best-known problem plaguing Argentina's economy, but far from the only issue that policymakers are battling. The currency is managed by Argentina's central bank. If, or more likely when, Argentina's economy slips into another recession, it'll be the sixth such occurrence in the past decade. His proposed policies include abolishing Argentina's central bank altogether and adopting the dollar, which economists have warned could end up pushing the country even closer to a default.

Persons: —, Sergio Massa, Javier Milei, Manuel Cortina, Lucila Bonilla, Bonilla, they've, Kimberley Sperrfechter, There's, there's, Massa, Cristina Sille, Donald Trump, Bolsonaro, they'll, Sperrfechter Organizations: Service, Union, Homeland, Triple, Consumer, National Institute of Statistics, Argentinian, Oxford Economics, The Central Bank of, International Monetary Fund, Reuters, World Bank, FX, Central Bank of, Peronist Locations: Argentina, American, Buenos Aires, Central Bank of Argentina

☆ What’s Wrong With Peer Review?
▼ + stars: | 2023-11-10 | by ( Nidhi Subbaraman | ) www.wsj.com time to read: 1 min

The latest in a series of high-profile retractions of research papers has people asking: What’s wrong with peer review? Scientific and medical journals use the peer-review process to decide which studies are worthy of publication. But a string of questionable or allegedly fabricated research has made it into print. The problems were exposed only when outside researchers scrutinized the work and performed a job that many believe is the responsibility of the journals: They checked the data.

☆ At Dubai Design Week, an architect created a space for humans and pigeons to share
▼ + stars: | 2023-11-10 | by ( Manav Tanneeru | Arya Jyothi | ) edition.cnn.com time to read: +5 min

Among them, Dubai-based Syrian Ahmad Alkattan has created a cocoon-style intimate outdoor social space where designers can “hatch” their ideas. Alkattan’s design is part of the annual Dubai Design Week and won first place in its Urban Commissions competition, which invites designers and architects to develop innovative outdoor furniture. This year, more than 30 designs for installations submitted for DDW have been built in the city’s Design District. Dubai Design WeekAhead of the upcoming COP28 climate conference in Dubai, the theme for this year’s design week emphasizes sustainable practices and materials. “So [the competition] is a very relevant project not just for what is staged in Dubai Design Week, but where we can see this in the future.”Designest is Alkattan’s third attempt at winning the Urban Commissions category.

Persons: Ahmad Alkattan, “ Designest, Alkattan, Designest, “, I’ve, Mette Degn, Christensen, DDW, it’s, ”, Abdalla, TEE VEE, Degn Organizations: CNN, Design, Dubai Design, DDW, Mitsubishi, Tea Locations: Dubai, Dubai —, Venice, Arabi, UAE

☆ Why Cramer would be an 'aggressive buyer' of Coterra Energy
▼ + stars: | 2023-11-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. "I do think this rally is real," Jim Cramer said Friday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Bond, Morgan Stanley, Morgan Stanley's, Jim, Thomas Jorden, Jim Cramer's Organizations: CNBC, Nasdaq, Treasury, West Texas, Palo Alto Networks, Palo, Coterra Energy, repricing Locations: billings, Alto

☆ See inside a tiny-home village that gives homeless people $200-a-month houses — and has a waiting list of 700 people
▼ + stars: | 2023-11-10 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +9 min

Millionaire Marcel LeBrun is building a tiny-home village in Canada, just north of the Maine border. AdvertisementAdvertisementIt's been nearly two years since 12Neighbours, a tiny-home village in Canada, welcomed its first resident. Marcel LeBrun at the 12Neighbours tiny-home village. Take a look inside the 12Neighbours tiny-home village. A resident of the 12Neighbours tiny-home village.

Persons: Millionaire Marcel LeBrun, —, Marcel LeBrun, LeBrun, " LeBrun, 12Neighbours, Marcel LeBrun LeBrun, Marcel LeBrun Every, Randy, Mark Osborne didn't, Marcel LeBrun Samantha Seymour, Marcel LeBrun 12Neighbours, who've, we're, Seymour Organizations: Residents, Service, Fraser Institute, Brunswick, Marcel LeBrun Village, Canadian Broadcasting Company, CBC, New, New Brunswick Housing Locations: Canada, Maine, Fredericton , New Brunswick, Maine , New Brunswick, Fredericton , New, New Brunswick, overpriced, 12Neighbours

☆ 'There's a lot of things that can go wrong': A market-beating hedge fund manager shares how he's preparing for chaos in 2024 — and explains why uranium will continue to soar
▼ + stars: | 2023-11-10 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Prepare for volatility and chaos in 2024Kupperman's confidence in his hedge fund is inversely related to his outlook for the economy. "Recent geopolitical events, along with the collapse of bonds in many developed markets, seem likely to lead to an increase in overall market volatility," Kupperman wrote in his letter. If he's right about inflation, his hedge fund would be well-positioned to beat the market for a fifth consecutive year in 2024. "I do the same thing always, which is you buy cheap companies with really strong tailwinds and you hold 'em through the volatility," Kupperman said. For the last 18 months, Kupperman has been convinced that the future is in two commodities: oil and uranium.

Persons: Harris Kupperman isn't, Kupperman, I'm, it's, Wall, Valaris Organizations: Praetorian, Fund, Praetorian Capital Management, US, Uranium Trust Fund, Valaris, Tidewater Locations: Tidewater

☆ UK economy flatlines as finance minister decries inflation drag
▼ + stars: | 2023-11-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

The U.K. economy flatlined in the third quarter, initial figures showed Friday. Services sector output dropped 0.1% on the quarter, but the decline was offset by a 0.1% increase in construction performance, while the production sector flatlined. U.K. Chancellor of the Exchequer Jeremy Hunt said high inflation remains the "single greatest barrier to economic growth" in the country, with the consumer price index remaining at 6.7% year-on-year in September. While somehow avoiding a recession this year, today's no growth reading means the UK economy is flatlining with only 0.2% economic growth in the last six months." As the Bank of England stated earlier this month that more than half of the impact of higher interest rates on the level of GDP is still to come through, the U.K. economy faces growing headwinds as we approach 2024."

Persons: Jeremy Hunt, Hunt, Lindsay James Organizations: Gross, Services, Chancellor, Quilter Investors, Bank of England Locations: Canary, London, U.K

USDA pegged U.S. corn yield at 174.9 bushels per acre, up from 173 last month and above nearly all estimates, which on average predicted a slight increase. It was the most bearish corn yield in a November report since 2017. That could negatively impact Brazil’s second corn production, as was the case after the 2015-16 El Nino, rerouting corn demand to the United States. USDA left Brazil’s 2023-24 soy crop unchanged at 163 million metric tons this month, but it raised the prior crop by 2 million tons to 158 million, suggesting exports are outperforming prior crop expectations. However, USDA has flashed 2.85 million tons (105 million bushels) of U.S. soybean sales so far this week, mostly to China and unknown destinations.

Persons: Dane Rhys, El, Karen Braun, Matthew Lewis Organizations: REUTERS, Rights, U.S . Department, USDA, El Nino, Reuters, Thomson Locations: Deerfield , Ohio, U.S, Rights NAPERVILLE , Illinois, Brazil, United States, China

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Nov 9 (Reuters) - Proxy advisor CGI Glass Lewis on Thursday recommended Origin Energy (ORG.AX) shareholders vote in favour of a $10.5 billion bid from a consortium led by Canada's Brookfield (BN.TO), despite opposition from the target's largest shareholder. Brookfield and EIG Partners last week offered a "best and final" A$9.53 per share for Origin after raising a previous bid. Australia's largest pension fund AustralianSuper opposes the offer and intends to use its 15% stake to vote against the deal at a Nov. 23 shareholder meeting. Origin Energy shares traded 1.9% higher at A$8.905 at 2 p.m. AEDT (0300 GMT) and are up 5.1% since the close of trade on Nov. 2, when AustralianSuper rejected the improved offer. Reporting by Scott Murdoch and Lewis Jackson; Editing by Leslie Adler and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Glass, Canada's Brookfield, AustralianSuper, Glass Lewis, Scott Murdoch, Lewis Jackson, Leslie Adler, Jamie Freed Organizations: Brookfield, REUTERS, Rights, Energy, EIG Partners, Services, Origin Energy, Australia Pacific LNG, Thomson Locations: Brookfield, Australia

The firm upgraded shares to neutral from sell in a Wednesday note, and slightly increased its target price to $5.50 from $5. The firm upgraded the offshore drilling company to overweight from equal weight in a Thursday note and raised its price target to $106 from $84. The bank reiterated a buy rating on Disney with a $120 per share price target, or about 42% upside from Wednesday's $84.50 close. Bank of America's Jessica Reif Ehrlich also reiterated a buy rating on Disney, albeit with a $110 per share price target, which implies more than 30% upside. The bank initiated coverage of the electric vehicle giant with a reduce rating accompanied by a $146 per share price target.

Persons: Goldman Sachs, Ygal Arounian, — Brian Evans, Bud Light, Carlos Laboy, BUD, Brian Evans, EBITDA, Stephanie Yee, Parker, Banks, Parker Hannifin, Nicole DeBlase, Eddie Kim, Brett Feldman, Bank of America's Jessica Reif Ehrlich, Bob Iger's, Michael Montani, Greg Melich, — Fred Imbert, Tesla, Michael Tyndall Organizations: CNBC, Tesla, HSBC, ISI, Analysts, Citi, Anheuser, Busch InBev HSBC, Busch InBev, Middle America, InBev, BUD, JPMorgan, Montrose Environmental, Deutsche Bank, Barclays, Disney, Bank of America's Locations: China, U.S, North America, Montrose, 3Q23, EBITDA, Valaris

☆ A beginner's guide to investing in art — that won't break the bank
▼ + stars: | 2023-11-09 | by ( Lucy Handley | ) www.cnbc.com time to read: +10 min

Will Ramsay, founder and CEO of the Affordable Art Fair, which puts on exhibits worldwide, said collecting art is easier than people might think. However, contemporary art is likely to increase in value over the long term, Diament said. There's also a satisfaction in buying something from a living artist, Diament said. "Some people like color, other people like to focus on drawings without color … you have people who collect just one artist," Taylor said. Provenance — which refers to the history and ownership of a piece — is often an important consideration when buying art.

Persons: Nicholas Bowlby, Puja Bhatia, You've, Karen Taylor, Taylor, Maria Artool, Will Ramsay, Robert Diament, Diament, you'll, Tracey Emin, Carlotta Cardana, There's, Knight Frank, Knight, Ramsay, Eileen Agar, Jeff Spicer, George Romney, Voltaire, Magda Archer, Ella Kruglyanskaya, Carl Freedman, Benjamin Senior, Richard Parkes Bonington, Judith Burrows, he'd, It's, Artool, Isabelle Paagman, Sotheby's, Paagman, Shepard Fairey Organizations: CNBC, Fair, of, Bloomberg, Getty, Knight, Investment, Art Market Research, Whitechapel Gallery, Art, San, Wallace Locations: London, U.K, British, Austin, Berlin, Brisbane, Latvian, Britain, Venice, American, Europe, Italy, Paris, France

☆ Mystery of ‘Stick Man’ on Led Zeppelin album cover finally solved
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Amarachi Orie | ) edition.cnn.com time to read: +3 min

London CNN —After more than half a century, the identity of the elderly, stick-carrying man featured on the “Led Zeppelin IV” album cover has finally been revealed. The “Stick Man” who featured on the cover of English rock band Led Zeppelin’s 1971 fourth studio album was a thatcher from the late-Victorian era, the Wiltshire Museum in southwestern England said in a statement Wednesday. Led Zeppelin members (left - right) John Paul Jones, John Bonham, Jimmy Page and Robert Plant pose in front of their private airliner The Starship in 1973. This colored version was the only feature on the “Led Zeppelin IV” album cover, which, unusually, had no words on it, not even the band’s name. “It is fascinating to see how this theme of rural and urban contrasts was developed by Led Zeppelin and became the focus for this iconic album cover 70 years later,” the museum’s director, David Dawson, said in the statement.

Persons: thatcher, Wiltshire thatcher, Longyear –, Brian Edwards, UWE Bristol, Wiltshire Thatcher, Edwards, Ernest, Zeppelin, Robert, Jimmy, John Paul, ” Edwards, John Paul Jones, John Bonham, Jimmy Page, Robert Plant, Ernest Howard Farmer, Jimmy Page’s, David Dawson Organizations: London CNN, Wiltshire Museum, University of the, England, Regional, BBC Radio Wiltshire, Zeppelin, Hulton Locations: England, Wiltshire, Mere , Wiltshire, Shaftesbury, Whitsuntide, ”, Berkshire

☆ The New York Times Passes 10 Million Subscribers
▼ + stars: | 2023-11-08 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +1 min

The New York Times now has more than 10 million subscribers, the company said on Wednesday, edging closer to its goal of 15 million by the end of 2027. In its third-quarter report, The New York Times Company said it had added 210,000 net digital-only subscribers in the three months through September, giving it 9.41 million along with 670,000 print subscribers. The Times Company has focused on getting subscribers to sign up for more than one of its offerings, which include the core news report, Cooking, Games, the Wirecutter review site and the sports news site The Athletic. Nearly 3.8 million of the 9.41 million digital-only subscribers are subscribed to at least two products, the company said. Meredith Kopit Levien, the company’s president and chief executive officer, said in a statement that the third-quarter results showed that The Times’s “multiproduct bundle” was performing well and would “further us down the path to building a larger, more profitable company.”

Persons: Meredith Kopit Levien, ” Organizations: New York Times, New York Times Company, The Times Company

☆ Analysts believe Rivian is turning around, Goldman sees 40% upside
▼ + stars: | 2023-11-08 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Rivian shares, meanwhile, are up 9% this month. What analysts are saying Goldman analyst Mark Delaney raised his price target by $2 to $25, implying shares can gain 43.5% from Tuesday's close. "If we gain more conviction in the timing/path to profitability we could be more positive on the stock," Delaney said. RIVN YTD mountain Rivian stock. He still raised his price target by $5 to $24, which implies shares can gain 37.8% over the next 12 months.

Persons: Goldman Sachs, Morgan Stanley, Rivian, Tesla, Ford, Goldman, Mark Delaney, Delaney, Chris McNally, McNally, Wells, Colin Langan, …, Langan, Piper Sandler, Alexander Potter Organizations: General Motors, Ford, Tesla, ISI Locations: North America, Tuesday's, Wells Fargo, Georgia, U.S

☆ Adobe is selling AI-generated images of the Israel-Hamas war, and some websites are using them without marking that they're fake
▼ + stars: | 2023-11-08 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +5 min

Adobe is selling AI-generated images that depict the Israel-Hamas war in varying degrees of realism. AdvertisementAdvertisementAdobe is selling AI-generated images depicting the Israel-Hamas war. Adobe Stock, which sells images submitted by individual artists, requires that all AI-generated images on the platform be labeled as such. AdvertisementAdvertisementOne AI-generated image is titled "Wounded Israeli woman clings to military man, begging for help." AI images can often look "plasticky" or overly-stylized, and might have aesthetic inconsistencies in their lighting, shapes, or other details.

Persons: —, it's, Henry Ajder, Ajder Organizations: Adobe, Service, Hamas, Adobe Stock, Google, Meta's Reality Labs Locations: Israel, Palestine, Gaza, israel, palestine

☆ The best evidence yet that banning Airbnbs will make rent go down
▼ + stars: | 2023-11-08 | by ( Katya Schwenk | ) www.businessinsider.com time to read: +14 min

The case of IrvineWhen the city of Irvine took on short-term rentals in 2018, Airbnb seemed unstoppable. Its tentacles had spread to cities across the globe, converting entire neighborhood blocks, in the most dramatic cases, to short-term rentals. Plenty of cities had passed ordinances banning short-term rentals, only to see Airbnb listings continue to pop up. That's consistent with data on short-term rentals in Irvine, which showed that by January 2021, the number of listings in Irvine had halved. As the Berlin and Boston studies found, when houses or apartments are pulled off the long-term market to be used as short-term rentals, housing supply decreases.

Persons: it's, that's, Banning, Irvine, Airbnb, Michael Seiler, College of William & Mary, Seiler, Murray Cox, Ken Fairbanks, Fairbanks, Cox, Airbnbs, Alicia Glen, Sarah Saadian, It's, we're, Saadian, Katya Schwenk Organizations: —, New, Real Estate Economics, College of William &, Irvine, New York's, Housing Coalition, The Locations: New York City, New York, York City, Irvine , California, Orange County, Real, Irvine, Plenty, Airbnbs, . New York City, Berlin, Boston, Burlington , Vermont, Summit County, Colorado, New, Airbnb, Phoenix , Arizona

☆ Here’s what's worrying analysts going into Disney’s earnings report
▼ + stars: | 2023-11-08 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Analysts are eyeing updates on Disney's direct-to-consumer business and ESPN ahead of fiscal fourth-quarter results Wednesday, as the company pivots further into streaming. The analyst has a buy rating on Disney stock with a $125 per share price target, down from $128. Here's what other analysts on Wall Street are saying ahead of Disney's results. MoffettNathanson - buy rating MoffettNathanson has a buy rating on Disney stock and a $115 per share price target. Wells Fargo - overweight rating Wells Fargo analyst Steven Cahall rates the stock overweight with a $110 per share price target.

Persons: Disney, Goldman Sachs, Brett Feldman, Jason Bazinet, Morgan Stanley, Ben Swinburne, Michael Nathanson, Nathanson, Wells, Steven Cahall, Cahall, Michael Bloom Organizations: ESPN, Disney, DIS, Hulu, Comcast, Citi, Press, Sports, CNBC

NEW YORK (AP) — There are rituals to an Alexander Payne movie. “The Holdovers” is Payne's attempt to make not just a ‘70-set film but an actual ’70s film, styled after some of the movies he grew up with. “I like talking about other people’s movies more than my own,” Payne shrugged. But there was always that distant dream of not being a filmmaker but just going to film school. Most of us trained in film school like those ’70s guys.

Persons: Alexander Payne, Kevin Tent, Payne, ” Payne, ”, —, Paul Giamatti, David Hemingson, Paul Hunham, Giamatti, Angus Tully, Dominic Sessa, Mary Lamb, Da’Vine Joy Randolph, Leo McCarey's, Payne —, “, ” Payne shrugged, PAYNE, –, Dominic, ” “ Harold, Maude, Hal Ashby, Harold, Maude ”, “ Harold, we’d, they’re, Franco, You’ve, Antonioni, Kurosawa, Citizen Ruth ”, Mike Nichols, Francis Coppola, Lifechanging, Bob Rafelson, Milos Foreman, Jim Taylor, Ivan Passer’s, Milos, Ivan, Jim, Fireman’s, Wes Anderson, Paul Thomas Anderson, ” “, David O, Russell, Spike Lee, Jim Jarmusch —, Steven Soderbergh, “ Soderbergh, Jake Coyle Organizations: eBay, New, Somerville Theatre, Stanford, Columbia School of Journalism, Castro Theatre, Times, Franco, Citizen, “, ”, MOMA Locations: Omaha , Nebraska, New England, Manhattan, Boston, “, San Francisco, Spain

☆ Google researchers deal a major blow to the theory AI is about to outsmart humans
▼ + stars: | 2023-11-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

The race to build AI as smart as humans, or AGI, looks like it suffered a major blow. Google researchers found the transformer technology behind AI isn't very good at generalizing. AdvertisementAdvertisementGoogle researchers may have just given a major reality check to the ambitions of CEOs in chase of AI's holy grail. As it stands, AI is pretty good at specific tasks but less great at transferring skills across domains like humans do. AdvertisementAdvertisementTransformers' opacity and the scale of the data they're pretrained on gave some the illusion that they generalize beyond it.

Persons: —, Steve Yadlowsky, Nilesh Tripuraneni, they've, Pedro Domingos, AGI, Satya Nadella, Sam Altman, Arvind Narayanan, Jin Fan, G5mBuX6O36, Jim Fan, Domingos, it's, — Pedro Domingos, @pmddomingos, Sharon Zhou Organizations: Service, University of Washington, Microsoft, Nvidia, Google Locations: LLMs, Princeton, AGI

☆ Sixty percent of major brands plan to increase their ad budgets in 2024, new research shows
▼ + stars: | 2023-11-07 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Marketers have expressed cautious optimism looking ahead to 2024, with 60% of respondents in a new survey saying they plan to increase their ad budgets next year. Just 29% of respondents last year said they were expecting to increase their media budgets in 2023. Of the remaining 40% of those surveyed, roughly one-third (33%) said they intended to maintain their 2023 budgets into 2024. Meanwhile, print, linear TV, and radio were all likely to decline in their share of most marketers' budgets in 2024, according to the report. Around a third of advertisers said they plan to conduct log-level analysis of the programmatic supply chains in 2024 and 2025, according to the report.

Persons: Stephan Loerke, it's, we'll Organizations: World Federation, Retailers, CTV

☆ 3 sellers share how they settled on the perfect price for their products on Amazon, Shopify and Etsy
▼ + stars: | 2023-11-07 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

Sellers can make six figures from selling items they've made or bought elsewhere on e-commerce platforms such as Etsy , Amazon , and Shopify . But figuring out how to price your items can require experimentation — which can mean getting it wrong at first. Dinh decided in March 2022 to set up her own shop on Shopify when Etsy increased its transaction fees for sellers . An Amazon seller increased his prices until his sales stoppedBen Alistor started selling tanning mitts on Amazon FBA as a side hustle with his partner in June 2018. "Selling on Amazon FBA is a fine balance between running out of stock and not selling enough products," he said.

Persons: Sellers, Price, Tammy Dinh, Dinh, underpaying, Read, I've, Ben Alistor, Alistor, Emma Larocque, Larocque Organizations: YouTube, Amazon, Printful Locations: Alibaba

☆ Central banks look to have hit peak rates. Here's how markets think they'll come down
▼ + stars: | 2023-11-07 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

The U.S. Federal Reserve, European Central Bank and the Bank of England dramatically hiked rates over the last 18 months in a bid to tame runaway inflation. Reid also highlighted that this is the seventh time this cycle that markets have notably reacted on dovish speculation. "Clearly rates aren't going to keep going up forever, but on the previous 6 occasions we saw hopes for near-term rate cuts dashed every time. In clear, waiting for inflation to reach 2% before cutting rates would be 'overkill,'" Moëc said. However, minutes from last week's meeting reiterated the Monetary Policy Committee's expectations that rates will need to stay higher for longer, with U.K. CPI holding steady at 6.7% in September.

Persons: Jerome Powell, Brendan McDermid, nonfarm payrolls, DBRS Morningstar, Jim Reid chalked, Reid, we've, Gilles Moëc, Moëc, Christine Lagarde, Yannis Stournaras Organizations: Federal Reserve, New York Stock Exchange, U.S . Federal Reserve, European Central Bank, Bank of, Fed, PCE, DBRS, Deutsche Bank, ECB, AXA, National Bank of Greece, of, Bank of England, CPI, BNP Locations: New York City, Bank of England, U.S, Europe

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