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Autonomous driving is at a pivotal juncture, with several companies vying for leadership in a sector that promises to revolutionize transportation. While Tesla (TSLA) has dominated the autonomous vehicle headlines with its Full Self-Driving (FSD) system, it may not be the best autonomous driving investment. Waymo: A leader in the autonomous race Waymo, a subsidiary of Alphabet , has long been a frontrunner in the autonomous driving sector. Tesla's FSD software relies primarily on optical cameras, supported by advanced AI algorithms to interpret the road environment. The value autonomous driving adds to stock Currently, Alphabet, GM, and Tesla are not generating meaningful revenue from autonomous driving or robotics technology.
Persons: GM's, Google's Waymo, Waymo, Tesla's, Cruise, Mary Barra, Elon Musk, Tesla, AVs, GM's supercruise, TSLA, Price, Mary Barra's Organizations: General Motors, PACE, Hyundai, Federal Motor Vehicle Safety, Cruise, Cruise's, National, Traffic Safety Administration, Ford, Elon, GM's, Tesla, GM, CNBC, NBC UNIVERSAL Locations: Phoenix, Los Angeles, AVs
But, in hindsight, I wish I'd dropped out just to save myself on my now-mounting debt. Since then, nobody has asked me about my college degree. AdvertisementI believe my best — and safest — bet would have been to switch to an online degree when the pandemic first hit. It just goes to show that sometimes, a bit of risk-taking can pay off; I wish I'd been bolder. I'll definitely chalk up my university experience as "You live, and you learn" territory; I still really enjoyed aspects of my college experience.
Persons: , I'd, I'm, I've, Little, it's Organizations: Service, Citadel
A new report by Experian found that 67% of polled Gen Zers and 62% of surveyed millennials are using artificial intelligence to help with their personal finances. Users say that generative AI tools like ChatGPT have helped in areas including saving and budgeting (60%), investment planning (48%) and credit score improvement (48%). The Gen Z respondents were ages 18 to 27 while millennials were ages 28 to 43. According to data Experian provided to CNBC, 98% of Gen Z adults and 98% of millennials had a positive experience with the software. While using generative AI can help as a first step to drawing up a budget or figuring out how to increase your credit score, always verify the information through external resources, experts say.
Persons: Experian, Gen Zers, Christina Roman, millennials, Xers Organizations: Finance, CNBC
That has forced Remy Cointreau, whose stock has fallen 50% for the year, to slash its full-year guidance and expects another year of double-digit declines in sales. The declines are a “normalization” within the industry, with alcohol sales nearing their pre-Covid levels, according to Marten Lodewijks, IWSR’s president for the US division. Cheaper private labels have had a boon in sales, mirroring a larger trend of customers seeking more affordable options in all aspects of their life. Aldi’s lineup is growing double digits in sales, bucking the broader industry trends of declines, Arlin Zajmi, director of national buying for adult beverages, told CNN. Aldi has seen its wine and beer sales soar.
Persons: Remy Cointreau, Pernod Ricard, Jose Cuervo, Proximo, ” Lisa Hawkins, , Luca Marotta, Remy Cointreau’s, Jameson, Kahula, Hélène de Tissot, Marten Lodewijks, bottlers, Arlin Zajmi, Scott Olson, it’s, ” Zajmi, ” Bryan Roth Organizations: New, New York CNN, Anheuser, Busch, CNN, Spirits, Consumers, Aldi Locations: New York, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. debt could drive the next financial crisis, says former FDIC Chair Sheila BairSheila Bair, former FDIC chair, joins 'Power Lunch' to discuss the U.S. debt problem and how it could lead to a financial crisis.
Persons: Sheila Bair Sheila Bair
Warren Buffett signaled in Berkshire Hathaway's third-quarter earnings that he was being cautious. The investor built a record cash pile, slashed his two biggest stock bets, and halted buybacks. The legendary investor and his team sold $36 billion of shares and only made purchases worth $1.5 billion, marking their eighth straight quarter as net sellers. Related storiesNotably, Berkshire pared its bets on Apple and Bank of America, its two largest stock positions going into the quarter. Buffett has said that buybacks only make financial sense when a stock is trading at a discount to its intrinsic value.
Persons: Warren Buffett, , Donald Trump, Kamala Harris, he's, Trump, aren't, Bershire, Buffett, Russ Mould, AJ, Mould Organizations: Berkshire Hathaway's, Service, Treasury, Apple, Bank of America Locations: Berkshire, payables
The Federal Reserve is expected to cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point rate cut in September — the first cut in four years. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Friday afternoon. Advertisement"Borrowers should understand that 'falling interest rates' are not the same as 'low interest rates,'" Greg McBride, Bankrate's chief financial analyst, said in a commentary. What are your financial plans if the Fed makes another rate cut?
Persons: , Jerome Powell, Powell, Helene, Milton, Cory Stahle, Julia Pollak, Greg McBride Organizations: Federal, Service, FedWatch, Boeing, BLS, Federal Reserve, PCE, Fed, asheffey
THE SNOW SHOWAt 44 years old, Nancy Snow was a force to be reckoned with. And she loved us so much,” Justine Snow told Dateline. Nancy Snow made the most of her time there. Nancy Snow Justine Snow“We can place her at BWI airport,” David Cordle, retired chief investigator for the Anne Arundel County State Attorney’s Office, told Dateline. “Nancy Snow was one of the ones that I had ended up with.”Cordle worked on Nancy’s case for decades.
Persons: , William Noel, Snow, ” Corporal Noel, , it’s, Nancy Snow, “ Nancy, ” Cpl, Noel, she’s, ” Nancy Snow, Stacy, Justine, Kimberly Justine Snow, Justine Snow, Kimberly, ” Justine, Nancy, Nancy Snow Justine Snow Nancy, Clint Eastwood’s, ’ ” Justine, Justine Snow “, Gene McNary’s, Thomas Eagleton, Ronald Reagan, Jimmy Carter, McNary, Eagleton, Nancy Snow Justine Snow, ” David Cordle, ” Cordle, Cordle, “ Nancy Snow, Louis, , Corporal Noel, she’d, St . Louis, ‘ I’m, hadn’t, She’s, NANCY SNOW, Nancy Snow Justine Snow Justine, J, Jay, “ We’ve, David Cordle, doesn’t, “ I’ve, Nancy Justine Snow, Jane Doe, Jane, Jane Doe’s, nothing’s, Cpl, ” Nancy Snow Justine Snow Organizations: City of, City of Annapolis Police Department, New York Times, Army, Volkswagen, California Bay Area, Republican National Committee, RNC, U.S . Senate, Anne, Attorney’s Office, Annapolis police, Annapolis Police Department, St, Baltimore, ” Authorities, VW, Nancy Locations: City of Annapolis, Europe, Germany, Greece, Spain, Portugal, Italy, France, U.S, California, Maryland, KMST, East Coast, Annapolis, St, Louis , Missouri, , Baltimore, East Coast from Missouri, BWI, Anne Arundel County, St ., Connecticut, , Nancy’s, Caribbean, Florida — Fort Lauderdale, Bahamas, Georgia , Connecticut, CODIS
The Summary FEMA and NOAA have become politicized as the frequency and severity of natural disasters have increased. With the neck-and-neck 2024 election just days away, the futures of the federal agencies responsible for weather forecasting, climate change research and disaster recovery hang in the balance. And with it, they’ve become a target for some conservatives who are skeptical of climate change and want to slash government budgets. “Climate change is a very unique problem in that, like most environmental problems, it doesn’t respect our political boundaries and it doesn’t respect our state boundaries,” he said. “We need centralized federal agencies to respond to climate change, agencies that can handle big, significant, multistate disasters at the appropriate scale.”
Persons: they’ve, Donald Trump, Elon Musk, Trump, , Craig Fugate, Obama, It’s, , Helene, Milton . Trump, Jared Moskowitz, Ron DeSantis, Hurricane Michael, ” Moskowitz, Rick Scott, Milton, Hurricane Milton, Pete Beach, Tristan Wheelock, Fugate, ” Matthew Sanders, ” Sanders, Matthew Burgess, ” Burgess, DeNa Carlis, Sanders Organizations: FEMA, NOAA, Oceanic, Atmospheric Administration, Federal Emergency Management Agency, Heritage Foundation, Trump, NBC, National Weather Service, Emergency Management, Gov, North, Hurricane, Bloomberg, Getty, Environmental, Stanford University, College of Business, University of Wyoming, , NWS Locations: United States, Milton, U.S, Florida, , North Carolina, St, Pete Beach , FL
And the next president — Donald Trump or Kamala Harris — along with the new Congress will set the agenda. Here are four big things the 119th Congress will have to tackle. Trump tax cuts worth trillions of dollars are expiring after 2025Major portions of Trump’s 2017 tax law totaling $3.3 trillion will expire at the end of 2025. Former President Trump has said he wants to fully extend the expiring tax breaks across all income levels and pursue deeper tax cuts. If it lapses, many Americans would see spikes in their insurance premiums, which may put pressure on Congress to act.
Persons: — Donald Trump, Kamala Harris —, Trump, Harris, Barack Obama, There'll Organizations: WASHINGTON, Trump, Republicans, Democratic, Affordable, Congressional, Office, Treasury Department, U.S, Republican Locations: California, New York
The American Bankers Association is urging federal action on online financial fraud. Banks and the federal government are in a similar situation, pointing to each other to solve the problem of online financial scams. For its part, the government wants banks to take on more responsibility, and more consistently refund their customers who fall victim to online scams. According to the Federal Trade Commission, consumers reported more than $10 billion in losses last year from online scams. He also said that the government should create "financial crimes intelligence centers."
Persons: Banks, ABA's, , It's, Rob Nichols, Nichols, Forbes, JP Organizations: American Bankers Association, Service, Federal Trade Commission, Consumer Financial Protection Bureau, JP Morgan, Bank of America, FTC Locations: Wells Fargo, Texas
Snowflake CEO Sridhar Ramaswamy said tech firms lack transparancy about their AI hallucination rates. Snowflake CEO Sridhar Ramaswamy said AI companies would benefit from making it clear just how often that happens. Some tech moguls have defended AI hallucinations, including OpenAI CEO Sam Altman, who said that AI models that only answered when absolutely certain would lose their "magic." Anthropic cofounder Jared Kaplan said earlier this year that the end goal is AI models that don't hallucinate, but occasional chatbot errors are a necessary "tradeoff" for users. AdvertisementBaris Gultekin, Snowflake's head of AI, told Business Insider in a statement that AI hallucinations are the "biggest blocker" for generative AI to front-end users.
Persons: Sridhar Ramaswamy, , Snowflake, Logan Bartlett, Ramaswamy, Sam Altman, Altman, Jared Kaplan, OpenAI, Baris, it's, Gultekin, Claude, ChatGPT Organizations: Service, Google, AIs
American policy is at a crossroads, but that won’t necessarily translate to a turning point in peace negotiations, analysts say. That’s because nothing suggests Russia is ready to come to the table, regardless of who ends up in the White House. The scope of the war is also too large for a simple negotiation between Moscow and Kyiv, experts say. Attritional war playing into Putin’s handsUkraine is already outmanned, and Putin appears ready to accept a high number of casualties. European nations are scrambling to increase ammunition production for Ukraine to prevent backsliding, in the event that US support drops off.
Persons: Volodymyr Zelensky’s, , Kamala Harris, Biden, Donald Trump, JD Vance, Trump, Thomas Graham, Putin, ” Graham, … Putin, John Lough, what’s, ” Lough, Oleh Shiryaev, Ivan Antypenko, that’s, , Vitaliy Milovidov, don’t, Volodymyr Zelensky, Micah Garen, Harris, Zelensky Organizations: CNN, Council, Foreign Relations, NATO, West, Eurasia Program, Ukrainian Armed Forces, Separate Assault, Reuters, Security Service, Ukraine’s, National Security Council, 15th Brigade National Guard, Russian, Nordic Locations: Russia, Kyiv, United States, Ukraine, Russian, Hungary, Slovakia, Moscow, London, China, Beijing, Kursk, Ukraine’s Zaporizhzhia, Zaporizhzhia, Donetsk, Iceland, ” Chatham, Bucha
One bit of clarity they’re sure to get: The Federal Reserve’s latest interest rate decision, due to be announced Thursday. The Fed lowered borrowing costs in September for the first time in more than four years while signaling additional rate cuts. But a slew of economic figures have been released since the decision, which is important because the Fed’s decision are guided by what those figures show. Investors are betting with near certainty that the Fed will deliver a quarter-point cut, according to futures. Lower rates could entice home buyers to come off the sidelines, and for businesses it could continue plans that have “baked in” lower rates.
Persons: Kamala Harris, Donald Trump, Jerome Powell’s, America’s, Harris, Harris ’, ” “, Lawrence Yun, ” Yun, they’re, It’s Organizations: Washington CNN, Federal, Fed, The Wall Street, US, Trump, Federal Reserve, Duke University, Institute for Supply, National Association of Realtors
Many Americans face retirement woes, lacking adequate savings and relying on Social Security. McCoy said she began receiving monthly Social Security Disability checks about 10 years ago, which are currently $1,620. Despite their best savings efforts, McCoy said medical bills and a high cost of living depleted her household finances. "But to live on Social Security — which is coming very quickly for both of us — is scary." A fifth of US adults over 50 reported having no retirement savings, and Social Security often isn't enough to cover the full cost of essentials.
Persons: Elizabeth McCoy, , McCoy, She's, Elizabeth McCoy McCoy, Gen Zers, she's, you've Organizations: Social Security, Service, Social Locations: Indiana
When I was younger, I didn't understand or appreciate my parents paying my college tuition. My son pays his tuition first with his saved money, and I pay him back if he gets good grades. Related Video Supreme Court strikes down Biden's student-debt relief planThe tuition payment plan is simpleMy kids must save and then pay for their classes each semester. If they don't get at least a B, they don't get the money back, so there's no money for the next semester. AdvertisementIt's working for my oldest son so farMy son began his first semester in August.
Persons: , It'll, We've, freaked, He's, he's Organizations: Service
LONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the U.K., in the company's first expansion overseas. Founded in 2012, Affirm is an American fintech firm that offers flexible pay-over-time payment options. Affirm, which is authorised by the Financial Conduct Authority, said its U.K. offering will include interest-free and interest-bearing monthly payment options. Among the first merchants offering Affirm as a payment method in the U.K. are Alternative Airlines, the flight booking website, and payments processing firm Fexco. Max Levchin, CEO of Affirm, told CNBC that the company had been working on its launch in the U.K. for over a year.
Persons: Max Levchin, Levchin Organizations: PayPal Inc, Enercare Center, LONDON, Financial, Authority, Walmart, Airlines, CNBC, Affirm's Locations: Toronto, Canada, American
Top Wall Street analysts closely follow the key details of a company's quarterly results. (See Fiserv Financials on TipRanks)Boot BarnWe now move to Boot Barn (BOOT), a retailer of western and work-related footwear, apparel and accessories. Despite the beat-and-raise quarter, BOOT stock plunged as investors reacted unfavorably to the company's announcement about the planned departure of CEO Jim Conroy in November. Following the print, Baird analyst Jonathan Komp upgraded his rating for Boot Barn stock to buy from hold, while maintaining the price target at $167. (See Boot Barn Stock Charts on TipRanks)Chipotle Mexican GrillFinally, let's look at this week's third stock, restaurant chain Chipotle (CMG).
Persons: Ivan Feinseth, Feinseth, TipRanks, Jim Conroy, Conroy, Baird, Jonathan Komp, Komp, Chris O'Cull, O'Cull Organizations: Manhattan , New York City . Tech, Wall Street, Tigress, FI, Ross Stores Locations: Manhattan , New York City
He told BI that cybersecurity roles are in high demand and there's a shortage of talent. Cybersecurity roles are needed across all business verticals and they're here to stay, Palmore said. AdvertisementThis as-told-to essay is based on a conversation with MK Palmore, a director in Google Cloud's office of the chief information security officer. I'm a director in Google Cloud's office of the chief information security officer. As industry importance continues to rise, the availability of talent continues to be a bit of a challenge across all industries.
Persons: Palmore, , I've, isn't, there's Organizations: FBI, CISCO, Service, Google, Palo, United States Marines Locations: Palo Alto, North America
Neither former President Trump nor VP Kamala Harris would be able to act on them imminently. Despite its inability to provide broad cancellation, Biden's Education Department has issued targeted relief that has given nearly 5 million borrowers debt cancellation to date. Constance, 65, has nearly $200,000 in student debt, an amount that's ballooned since she graduated from law school in 1994. "I would expect continued improvements and limited expansions of debt relief where legally possible under a Harris-Walz administration," Partridge said. Regardless of who wins the election, legal challenges to debt relief will keep borrowers in limbo.
Persons: Joe Biden's, Trump, Kamala Harris, Harris, , Donald Trump, Education James Kvaal, That's, it's, NORC, Biden, Constance, Constance —, It's, Sara Partridge, " Partridge, Kvaal, Partridge, Walz, Sen, Bill Cassidy Organizations: Service, GOP, Education Department, Biden's Education, Education, AP, Biden's Education Department, Public, American Progress Action, Trump, Republican, Senate
Hannah Chea (center) is considering turning her side gig of shucking oysters for parties into her full-time gig after being laid off from her tech job. These days, you can find her shucking oysters for partygoers at lavish events and entertaining them with fun facts about the chilled mollusks. "I think it's crazy to say I only do oyster shucking — in heels. I really wanted break the monotony of my remote tech job [and] just staring at a computer all day." 'I'm not in a rush to find a new tech job'
Persons: Hannah Chea, Chea, she's Organizations: Paramount, CNBC, Super Bowl Locations: San Francisco, U.S, Las Vegas, Bay
Tennis icon and entrepreneur Venus Williams has racked up more than a few wins in her life, both on and off the court. Throughout her career, she's learned plenty about making smart investments and starting her own ventures, like her interior design firm, V Starr. But overall, one of the most important money lessons she's learned is "to have confidence in your own financial decisions," she says. Building that confidence comes from having the ability to make your own financial decisions, a privilege women didn't always have. "It's important to understand the significant power of financial planning," Williams told CNBC Make It in an email.
Persons: Venus Williams, she's, V Starr, didn't, Williams Organizations: SoFi, CNBC
And before you ask, no, he doesn't feel bad about it, especially when he pilfers from Whole Foods. AdvertisementBut there's also a lot we don't know about retail theft. "No, I don't feel bad about stealing from Jeff Bezos," one 20-something occasional shoplifter in Washington, DC, told me. "It doesn't feel like a world in which I can really get by and build a life very easily anymore, " he said. Advertisement"If most of this is happening in Walgreens and Walmart and places like that, I don't know, is it a problem?"
Persons: Carson's, he's, Carson, He's, shoplifts, Jeff Bezos, there's, it's, Joshua Jacobson, California who's, , that's, Ernesto Lopez, they've, Jeff Prusan, Joe Schmoes, they're, Keith, shoplifter, That's, Donovan, Donovan's, snagging, she's, Jacobson, Jeff Bezos isn't, David Johnston, we're, hasn't, Emily Stewart Organizations: Walmart, Foods, Amazon, National Association of, Criminal, Atlantic, Depot, Target, Guardian, National Retail Federation, Business Locations: New York, California, Washington ,, Atlanta, Texas, Illinois, Walgreens
Nor, he said, was he motivated by the claim that UNRWA perpetuates Palestinian refugee status. AFP/Getty ImagesThe entrance to Aida Refugee Camp, near Bethlehem, in the occupied West Bank. “If they shut down UNRWA, that means there is no Palestinian refugee cause. Dawoud Abo Alkas/Anadolu/Getty ImagesAn UNRWA school in al-Am'ari Refugee Camp, in Ramallah, in the West Bank. Nur Shams refugee camp near Tulkarm, in the Israeli-occupied West Bank, after an Israeli raid in September.
Persons: Jerusalem CNN — Benjamin Netanyahu, , , Nikki Haley, , Israel –, Donald Trump’s, Netanyahu –, Trump’s, Works Agency for Palestine Refugees – Netanyahu, , Boaz, Hani Alshaer, Israel, ” –, Netanyahu, Aaron David Miller, Mick Krever, ” Philippe Lazzarini, they’re, Diana Buttu, ’ Saleh Shunnar, “ Israel, Miller, Mahmoud Issa, Deir, Abd Abu Amra, Dawoud Abo, Issam, Chris Sidoti, Nadav Tamir, , Nur Shams, Mohamad Torokman, Jerusalem –, don’t, ” Tamir, Zeena, Abeer Salman, Mohammed Al, Shira Gemer Organizations: Jerusalem CNN, US, United, UN, United Nations Relief, Works Agency for Palestine Refugees, West Bank, UNRWA, Israel Defense Forces, Qassam, Anadolu Agency, Getty, Washington Post, Assembly, CNN, Refugees, UNHCR, Reuters, Dawoud, Dawoud Abo Alkas, East, UN’s Independent International Commission of, Geneva Convention, Anadolu, J, Israel Locations: Jerusalem, Israel, American, Gaza, , Hamas, Be’eri, British, Palestine, AFP, Bethlehem, Swiss, , Deir Al, Palestinian, Gaza City, Anadolu, al, Ramallah, Lebanon, Jordan, Syria, East Jerusalem, Australian, Palestinian Territory, “ Israel, Geneva, New York, Tulkarm
How to talk like a banker
  + stars: | 2024-11-03 | by ( Emmalyse Brownstein | ) www.businessinsider.com   time to read: +9 min
A manager might leave a comment on a page telling the junior banker to "kill this," which just means delete it. A manager might also instruct the junior banker to "take another stab" at it, which means doing the presentation over again and sending it back by email. In stock market talk, "trading with the Street" usually means someone is trading along the lines of majority opinion. It's so much a part of the culture that the term is also used by higher-ups to describe their junior bankers professionally. Each time a banker makes changes to client materials pre-meeting — like a deck — it's standard practice for every round of edits or changes to be saved as a new file.
Persons: , That's, Momo Takahashi, Morgan Stanley's Ted Pick, it's, drudge, Jane Organizations: Service
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