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☆ Putin acknowledges a key pain point in Russia's economy
▼ + stars: | 2024-12-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

AdvertisementRussian President Vladimir Putin has urged his government and central bank to curb Russia's 8% inflation rate. Russia's inflation target is 4%, with interest rates at a record high of 21%. The high interest rates are pressuring businesses and hurting the cash savings of ordinary people. Russia's inflation rate is 8% compared to a year ago, which Putin acknowledged was "a relatively high level." Analysts polled by Reuters expect Russia's central bank to raise its key interest rate to 23% at its December 20 meeting.

Persons: Vladimir Putin, Putin, —, Elvira Nabiullina's, Sergei Chemezov, Chemezov, Price, Nabiullina Organizations: Wednesday, Russian, Reuters, Central Bank Locations: Russian, Moscow, Ukraine, Russia's, Russia

☆ Far from a bazooka, China's stimulus measures are just trickling through the economy
▼ + stars: | 2024-12-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Growth in pockets from real estate to manufacturing has improved since Beijing began announcing stimulus measures in late September. China's latest efforts to kickstart growth haven't had a broad impact yet, data and company earnings show, indicating the world's second-largest economy won't be roaring back soon. The ramp-up in stimulus measures is aimed at reaching this year's official target of around 5%, and a similar pace next year — while preventing financial instability, Gabriel Wildau, managing director at Teneo, said in a note Monday. "Looking ahead, our sources expect that stimulus in 2025 will trickle out incrementally and in a data-dependent fashion," Wildau said. "Beijing's stimulus measures encouraged firms to come off the sidelines this month," the report said.

Persons: Tencent, Shaohui Chen, haven't, Gabriel Wildau, Wildau, Wang Zhe, Wang, Donald Trump Organizations: Beijing, Companies, PMI, Caixin Insight, China's Ministry of Finance Locations: China

☆ Charlotte Dujardin: British dressage rider suspended for excessively whipping a horse
▼ + stars: | 2024-12-05 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —British dressage star Charlotte Dujardin has been fined and suspended for a year after a video emerged of her repeatedly whipping a horse during training. It showed Dujardin whipping a horse more than 20 times. “I understand the responsibility that comes with my position in the sport, and I will forever aim to do better. The 39-year-old could have become the most decorated British female Olympian of all time in Paris, surpassing cyclist Laura Kenny. We believe this outcome reaffirms the FEI’s commitment to equine welfare and to its role as guardian of our equine partners.”

Persons: Charlotte Dujardin, “, backdated, Dujardin, ” Dujardin, Laura Kenny, ”, Sabrina Ibáñez Organizations: CNN, Paris Games, FEI, equestrian’s, “, Olympic Locations: British, Paris

☆ Bespoke's 'keep it simple, stupid' portfolio has been beating the market. Here's the secret sauce
▼ + stars: | 2024-12-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

In the ever-volatile stock market, keeping things simple works surprisingly well, according to Bespoke Investment Group. The research firm sought to create a straightforward formula to create a portfolio that stands the test of time and yields outperformance. "Keep it simple, stupid" — sometimes abbreviated as KISS — is a design principle first noted by the U.S. Navy in 1960. "We wanted to come up with a very simple set of criteria," said Paul Hickey, Bespoke Investment Group co-founder. The firm selects stocks with upward price momentum over the prior six months, one year and three years.

Persons: Russell, Paul Hickey, Stanley Druckenmiller, Donald Trump Organizations: Investment, U.S . Navy, Investment Group, Nvidia, Meta, Visa, Altria

☆ Bitcoin will double to $200,000 by the end of 2025, says Standard Chartered
▼ + stars: | 2024-12-05 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

As the price of bitcoin surged above $100,000 for the first time late Wednesday, Standard Chartered believes the flagship cryptocurrency can to double by the end of next year. Analyst Geoff Kendrick said in a Thursday note that the firm's end-of-2025 price target on bitcoin around the $200,000 level is "achievable." MicroStrategy is running ahead of its USD 42bn three-year plan, so its purchases in 2025 should match or exceed its 2024 purchases." Bitcoin, which has surged more than 140% year to date, is up 48% since President-elect Donald Trump's victory in the Nov. 5 election. BTC.CM= YTD mountain Bitcoin prices in 2024 Kendrick noted that Standard Chartered expected bitcoin to rise to $100,000 by the end of 2024 back in April 2023 — when the digital currency was trading around the $27,000 level.

Persons: Geoff Kendrick, Kendrick, Donald Trump's, — Organizations: Chartered, BTC

☆ TikTok's plan to bring social shopping to the US is really starting to pay off
▼ + stars: | 2024-12-05 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

The 2024 holiday sales from social media — driven by TikTok Shop and influencer affiliates, among other factors — show how far social shopping has come in the past five years. Americans viewed over 30,000 TikTok shopping livestreams that day, with one creator picking up $2 million in sales from a single session. "We've now been on TikTok Shop since the very beginning, and we've seen successes gradually and consistently increase month over month," Benator told BI. Live shopping platform Whatnot said in November that it had surpassed $2 billion in year-to-date livestream sales, for example. TikTok's owner ByteDance was likely behind the company's determination to make social shopping work as it sought to bring Douyin's success to TikTok.

Persons: ByteDance, TikTok, Max Benator, We've, we've, Benator, William, Amanda Perelli, Instagram, Nicolas Le Bourgeois, Dan Whateley, Julian Reis, that's Organizations: TikTok Shop, Companies, Amazon, TikTok, QVC, Adobe Analytics, Retailers, Walmart, Target, Adobe, YouTube Locations: Asia, China, Santa Monica, Outlandish's Santa Monica, influencers, America

☆ Clients bullish this quarter, demand for bitcoin ETFs picking up: Charles Schwab’s head of trading
▼ + stars: | 2024-12-05 | 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 EmailClients bullish this quarter, demand for bitcoin ETFs picking up: Charles Schwab’s head of tradingJoe Mazzola, Charles Schwab, joins 'Closing Bell Overtime' to talk retail trader trends he is seeing and how the cohort is playing bitcoin right now.

Persons: Charles Schwab’s, Joe Mazzola, Charles Schwab

Her initial court appearance is due Thursday, the US Attorney’s Office for the Eastern District of New York said. As her case raises serious questions about airport security, here’s what we know:What happened? Dali snuck onto Delta flight 264 from New York’s JFK International Airport to Paris Charles de Gaulle Airport on November 26. “I overheard the flight attendants talking about it with the pilots,” New York City real estate broker Rob Jackson told CNN. Dali had applied for asylum in France a few years ago, a Paris airport official told CNN.

Persons: Svetlana Dali, Dali, Paris Charles de Gaulle, “, Rob Jackson, ”, Jackson, ‘, ’ ”, Delta, Mary Schiavo, Chris Boyette, Ray Sanchez, Pete Muntean, Alexandra Skores, Rebekah Riess, Holmes Lybrand, John Miller, Taylor Romine, Amanda Jackson Organizations: CNN, Delta Air Lines, FBI, US, Office, Eastern, of, New York’s JFK, Paris Charles de Gaulle Airport, ”, Authorities, JFK, Transportation Security, TSA, Justice Department, US Department of Transportation Locations: Paris, New York, Russian, of New York, New, York City, Philadelphia, United States, France, Delta

☆ Family bought an abandoned train car from 1909 for $3,000 and turned it into an Airbnb that brings in over $90,000 a year—take a look inside
▼ + stars: | 2024-12-05 | by ( Celia Fernandez Mickey Todiwala | Celia Fernandez | Mickey Todiwala | ) www.cnbc.com time to read: +5 min

Train car number 306 originally ran on the Washington Idaho & Montana Railway from 1909 until the 1950s. It took several years, but in 2020 the family purchased the train car for just $3,000. French and his family found a photo from the day the train car was completed in 1906. Finding success on AirbnbDespite being in the middle of nowhere, the train car was an instant hit on Airbnb. Staying at the train car includes access to a mirrored sauna, hot tub and firepit.

Persons: Isaac French's, Isaac French, French's, Mickey Todiwala Organizations: CNBC, Washington, Washington Idaho & Montana Railway, Fast Company Locations: Deary, Idaho, Washington Idaho, It's

☆ Michael Fassbender was convinced he blew a surreal audition with Quentin Tarantino for 'Inglourious Basterds'
▼ + stars: | 2024-12-05 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

AdvertisementMichael Fassbender thought he'd blown a "surreal" audition with Quentin Tarantino. Michael Fassbender was convinced that he'd blown a "surreal" audition with Quentin Tarantino when he went out for a role in "Inglourious Basterds." "Originally, I wanted Landa! I had prepped about 27 hours of Landa," Fassbender said. Michael Fassbender as Lt. Archie Hicox in "Inglourious Basterds."

Persons: Michael Fassbender, Quentin Tarantino, Christoph Waltz's, Hans Landa, Archie Hicox, Hitler, Fassbender, Christoph Waltz, Landa, Tarantino, August Diehl, Dieter Hellstrom, I'm, he's Organizations: Business, Nazi, CIA, Paramount Locations: Christoph Waltz's Nazi, British, Europe, Hicox, Berlin, London

☆ Stocks making the biggest moves midday: American Eagle Outfitters, American Airlines, Verint Systems and more
▼ + stars: | 2024-12-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

American Eagle Outfitters – The stock fell 14% after the apparel retailer missed revenue expectations for the third quarter and provided weak holiday guidance. Five Below reported adjusted earnings per share of 42 cents on revenue of $844 million. The discount retailer lowered the top end of its full-year earnings guidance, and now forecasts a range of $5.50 to $5.90 per share. Signet now sees adjusted earnings coming in at $9.62 to $10.08 per share, compared to earlier guidance of $9.90 to $11.52 per share. Verint Systems – The stock surged almost 25% after the company posted better-than-expected adjusted earnings and revenue for the third quarter.

Persons: SentinelOne, AeroVironment, FactSet, Synopsys, LSEG, Verint, — CNBC's Brian Evans, Lisa Kailai Han, Sarah Min Organizations: American Eagle Outfitters, American Airlines, Barclays, Citi, Wall, FactSet, AeroVironment, ChargePoint Holdings, Signet, Systems, Southwest Airlines

☆ Euro wobbles, South Korean won steady as political turmoil checks sentiment
▼ + stars: | 2024-12-05 | by ( ) www.cnbc.com time to read: +4 min

Euro notes are pictured at a bank in this photo illustration taken in Seoul June 18, 2012. The euro was subdued on Thursday after the widely expected collapse of the French government, stoking worries about the region's second-biggest economic power, while the South Korean won steadied in the aftermath of the martial law debacle. In a parliamentary hearing on Wednesday, Lagarde said euro zone economic growth could be weaker in the months ahead and downside risks dominate the medium term outlook. In Asia, the South Korean won was stable as the nation's finance ministry said that the government will activate 40 trillion won ($28.35 billion) worth of market stabilization funds after the chaos that followed President Yoon Suk Yeol declaring and then rescinding martial law. The won remains near its two-year low versus the dollar and is the worst performing Asian currency this year.

Persons: stoking, Charlotte de Montpellier, Christine Lagarde, Lagarde, Donald Trump's, Yoon Suk Yeol, Yoon, Jerome Powell, Powell, Sterling Organizations: South Korean, ING, European Central Bank, ECB, Bank of, Federal Locations: Seoul, France, Asia, Bank of Japan, United States

☆ DOGE is generating major GOP buzz on Capitol Hill — but details remain scarce
▼ + stars: | 2024-12-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

AdvertisementElon Musk and Vivek Ramaswamy, the co-leads of DOGE, visited Capitol Hill on Thursday. Musk and Ramaswamy had spent their mornings meeting separately with an array of GOP senators to discuss government efficiency. With Johnson in tow, they were now meeting with members of the House and Senate's newly formed DOGE caucus in the Capitol basement. Johnson speaking to reporters before Musk and Ramaswamy meet with DOGE caucus members. Sen. Joni Ernst of Iowa, the chair of the Senate DOGE caucus, has already identified $2 trillion in cuts that she'd like to see.

Persons: Elon Musk, Vivek Ramaswamy, DOGE, Donald Trump's, Mike Johnson, Ramaswamy, Johnson, Tom Suozzi, Republican Sen, Thom Tillis, Tillis, Anna Moneymaker, Sen, Joni Ernst of Iowa, David Schweikert, he's, Eric Schmitt of Missouri Organizations: Capitol, Department of Government, Republicans, Democratic, New York, Capitol Hill, Republican, Getty, Social Security, Trump Locations: New, North Carolina, Arizona

☆ Formaldehyde causes more cancer than any other toxic air pollutant. Little is being done to curb the risk
▼ + stars: | 2024-12-05 | by ( Sharon Lerner | Al Shaw | ) edition.cnn.com time to read: +28 min

The result is that even the EPA’s alarming estimates of cancer risk vastly underestimate — by as much as fourfold — the chances of formaldehyde causing cancer. But four former government scientists with experience doing statistical analyses of health harms told ProPublica that the myeloid leukemia risk calculation was sound. The agency’s sprawling assessment shows that, among scores of individual air pollutants, formaldehyde poses the greatest cancer risk — by far. As the EPA admits, its cancer risk calculation fails to reflect the chances of developing myeloid leukemia. Nationwide, that’s the average lifetime cancer risk from air pollution; formaldehyde accounts for most of it.

Persons: ProPublica, Biden, Jennifer Jinot, “, ”, Jinot, Joe Biden’s, Donald Trump, They’ve, Trump, what’s, William Boyd, Boyd, Mary Faltas, “ It’s, Faltas, Ronald Reagan, John Todhunter, Todhunter, George H.W, George H.W . Bush, Sen, James Inhofe, Obama, David Vitter, ” Jinot, David Dunlap, Dunlap, recusing, didn’t, Rocky Rissler, Rissler, Rick, she’s, I’ve, Tracey Woodruff, ” Trump, Dr, Sanjay Gupta, Robert Sussman, Bill Clinton, Barack Obama, Lee Zeldin, Zeldin, Woodruff Organizations: Environmental Protection Agency, EPA, National Academies of Sciences, Engineering, Medicine, Trump, UCLA School of Law, National Cancer Institute, National Cancer, Department of Health, Human Services, Foundation for Chemistry Research, Koch Industries, Biden EPA, White, Fontana, ProPublica, West Virginia —, Biden, Fertilizer Institute, of America, Toy Association, National Chicken Council, Independent, Manufacturers, RV Industry Association, Industry Alliance, American Chemistry Council, Reproductive Health, University of California, Republican Congress, CNN, CNN Health, Heritage Foundation, U.S . Rep Locations: United States, U.S, Los Angeles, San Bernardino , California, Apopka , Florida, George H.W ., Hurricane, Georgia, Pacific, Fontana , California, ProPublica ., Fontana, Weld County , Colorado, Colorado , New Mexico, North Dakota, West Virginia, San Francisco, New York

☆ Stocks making the biggest moves premarket: American Eagle Outfitters, Five Below, MicroStrategy & more
▼ + stars: | 2024-12-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

American Eagle Outfitters — Shares of the apparel retailer sank nearly 14% on disappointing holiday guidance . For the period, American Eagle Outfitters expects comparable sales to rise 1% and total sales to decline 4%. Analysts polled by LSEG had expected earnings of 17 cents on revenues of $799 million. To be sure, the company also cut its full-year earnings guidance. Sprinklr posted adjusted earnings of 10 cents per share, more than the 8 cents per share expected by analysts, according to FactSet.

Persons: LSEG, Stocks, cryptocurrencies, MicroStrategy, Morgan Stanley, SentinelOne, Kroger, Sprinklr, Chargepoint, Synopsys, —, Sarah Min, Michelle Fox, Jesse Pound, Pia Singh, Sean Conlon Organizations: Eagle Outfitters, American Eagle Outfitters, StreetAccount, Robinhood, Holdings, Hewlett Packard Enterprise, LSEG, Signet Locations: FactSet

Arseny Turbin is recognized by several human rights groups as one of Russia’s youngest political prisoners. Arseny Turbin, 16, was sentenced in June to serve five years in prison for terror offenses. “But I know it’s not enough, and that I can’t change the system.”Excerpt from a letter written by Arseny Turbin to his mother and shared with CNN. Video Ad Feedback Arseny Turbin, then 15, stages a solo protest in June last year in his hometown of Livny. ‘Not just statistics’Kevin Lick, a 19-year-old dual Russian-German citizen, knows the price of dissent in modern Russia all too well.

Persons: Irina, Turbin, Turbina, Arseny Turbin, Irina Turbina “, ”, “, Arseny, ” Arseny, couldn’t, Leah Abucayan, ‘, ’ ”, Irina Turbina, Irina Turbina ‘, ’ Turbina, Vladimir Putin, Putin ”, CNN “, I’m, ’ ” Irina, “ I’m, CNN Arseny’s, Sergei Davidis, Dmitry Anisimov, Kevin Lick, Lick, Christoph Reichwein, Yulia Navalnaya, Alexey Navalny, “ They’re, Davidis, ” Davidis, Nina Khrushcheva, Nikita Khrushchev, Khrushcheva, Putin, Alexey Moskalyov's, it’s, Alexey Moskalyov, Masha, Moskalyov, gaunt, Alexey Navalny’s, It’s Organizations: CNN, of Russia Legion, Ukraine, Russian Federal Security Service, Human Rights, Federal, Service, Foundation, Corruption, Memorial, New School Locations: Russia, Ukraine, Livny, Oryol, Moscow, Bonn, Germany, United States, Berlin . Lick, Russian, ”

☆ CNBC Daily Open: Impeachments are not new to South Korea — and its markets
▼ + stars: | 2024-12-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Dow Jones Industrial Average gained 0.69% and closed above the 45,000 mark for the first time, at 45,014.04. His comments come amid reports that Trump may try to undermine Powell's authority. Investment bank UBS, for instance, has warned investors not to chase the dollar's recent gains.

Persons: Yoon Suk, Michel Barnier, Powell, Jerome Powell, isn't, Donald Trump, Trump Organizations: CNBC, South Korea's, South, Power, Democratic Party, Front, Salesforce, Marvell Technology, Dow Jones Industrial, Nasdaq, Fed, U.S, Federal, UBS, greenback, Investment

☆ Mexico plans to impose new $42 fee on each passenger of cruise ships that dock there
▼ + stars: | 2024-12-05 | by ( Gustavo Valdes | ) edition.cnn.com time to read: +3 min

The Mexican government plans to impose a $42 immigration fee for each passenger on a cruise ship that docks in the country. Passengers would “apparently be charged the $42 fee” whether they disembark or stay on the ship, the Associated Press has previously reported. When added to a $5 per passenger fee imposed by local states, it would make Mexican destinations among the most expensive in the world, according to the Mexican Association of Naval Agents (AMANAC). It warns the Mexican cruise industry would be less competitive with other Caribbean destinations that would be less expensive to visit. He says that some cruise lines might skip Mexican ports in protest, but he thinks most will include the fee in the price of future trips.

Persons: aquí, AMANAC, Claudia Sheinbaum, Michele Paige, she’s, ”, Paige, Sergio Gonzales Rubiera, Andres Manuel Lopez Obrador Organizations: CNN, Associated Press, Mexico’s Immigration, Mexican Association of Naval Agents, Mexican, Caribbean Cruise Association, CNN Travel, Travel Agents Association, El Locations: Mexico, Mexican, Florida, United States, America, Caribbean, Cozumel

☆ There's an important jobs report coming Friday. Here's what to expect
▼ + stars: | 2024-12-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

After a month in which hiring was essentially muted due to storms and strikes, the jobs report due out Friday could provide a clearer picture of where the labor market is headed. The Bureau of Labor Statistics is expected to report Friday at 8:30 a.m. In fact, the October number could get pushed higher after BLS surveyors go back and recheck the month's data. That could add to a messy couple of months with economic data and make the Fed's job more challenging. "But I'm not sure that this jobs report will tell us much, either, because of all the weather effects up and down.

Persons: Milton, Kathy Jones, Jones, I'm Organizations: Labor Statistics, Reserve, Boeing, Schwab Center, Financial Research

☆ Caitlin Clark debuts in Sportico’s highest-paid female athletes list while Coco Gauff is at No. 1 for second year in a row
▼ + stars: | 2024-12-05 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

CNN —Basketball sensation Caitlin Clark has featured on the list of the highest-paid female athletes for the first time while Coco Gauff tops the standings for the second year in a row, according to Sportico’s 2024 rankings. Away from tennis, Gauff made history by becoming the youngest Team USA flag bearer at the Olympics and the first tennis player to carry the flag for the US. Coco Gauff has topped Sportico's list of the highest-paid female athletes for the second year in a row. The Fever superstar also set rookie season records for both points and three-pointers made and became the first rookie to get a triple-double. Tennis’ dominanceAlongside Gauff, tennis dominated Sportico’s top 15.

Persons: Caitlin Clark, Coco Gauff, Gauff, Eileen Gu, Matthew Stockman, Nelly Korda, Korda, Simone Biles, Biles, Clark, Świątek, Zheng Qinwen, Aryna, Naomi Osaka, Emma Raducanu, Jasmine Paolini, Jessica Pegula, Elena Rybakina, Jeeno, Lydia Ko Organizations: CNN, Team USA, Olympics, WNBA, Indiana, Women’s Soccer League, Cincinnati, Tennis, Sportico’s, American Locations: China, Paris

☆ Benjamin Robert ‘Bambi’ Williams allegedly killed Joana Peca in 2021 in St. Petersburg, Florida. A TikTok just led to his capture
▼ + stars: | 2024-12-05 | by ( Faith Karimi | ) edition.cnn.com time to read: +7 min

The man accused of killing her only child, Joana Peca, three years ago in St. Petersburg, Florida, had finally been captured. Peca was in disbelief when she got the call Friday from detective Brian Bilbrey of the St. Petersburg Police Department. Eleni Peca speaks at a news conference Tuesday in St. Petersburg, Florida. St. Petersburg Police DepartmentMajor David Gerardo of St. Petersburg Police said on the show that officers found no gun at the scene and it was not immediately clear who had killed Peca. He was extradited to Miami, where a St. Petersburg detective and a Pinellas County sheriff’s deputy picked him up over the weekend.

Persons: CNN — Eleni Peca’s, Joana Peca, Benjamin Robert “ Bambi ” Williams, Peca, Brian Bilbrey, ”, “, Williams, Eleni Peca, ” Joana Peca, Petersburg Police Department Williams, She’s, she’s, “ Benjamin Williams, ” Peca, “ Benjamin Williams ’, Anthony Holloway, “ Witnesses, Joana, …, ” Holloway, ” Williams, John Walsh ”, Petersburg Police Department Major David Gerardo, “ World’s, Jasmeen Alexander, Yolanda Fernandez, Holloway, Petersburg’s, Peca’s, ” Alexander, —, “ I’m Organizations: CNN, US, Authorities, St . Petersburg Police Department, Police, Petersburg Police Department, Petersburg Police, St, Embassy Locations: St . Petersburg , Florida, Mexico City, United States, Pinellas County, St, Petersburg, Pinellas, Jail, Georgia, Mexico, Florida, Miami

☆ U.S. Treasury yields rise with investors eyeing jobs data
▼ + stars: | 2024-12-05 | by ( April Roach | ) www.cnbc.com time to read: 1 min

U.S. Treasury bond yields rose Thursday as investors digested a weaker-than-expected jobs report and looked ahead to further economic data due this week. The 10-year Treasury yield was more than 2 basis points higher at 4.2090%. The 2-year Treasury note yield was up more than 2 basis points at 4.1502%. Traders will be focusing on the latest initial jobless claims data due to be released on Thursday at 8:30 a.m. Nonfarm payrolls data for November is due out on Friday morning.

Persons: Dow Jones Organizations: New York Stock Exchange, Treasury, Traders

☆ Google CEO Sundar Pichai says AI progress will get harder in 2025 because 'the low-hanging fruit is gone'
▼ + stars: | 2024-12-05 | by ( Hugh Langley | ) www.businessinsider.com time to read: +2 min

AdvertisementGoogle CEO Sundar Pichai says AI progress will be more challenging in 2025. Pichai said he doesn't buy into the idea of an AI performance wall but said, "The hill is steeper." Google and Alphabet CEO Sundar Pichai said that while he doesn't believe progress in AI development is hitting a "wall," he does see it slowing down in the months ahead. Related Video Microsoft CEO unravels ChatGPT, ethical AI, and going bust"I think the progress is going to get harder when I look at '25. AdvertisementPichai added that the next wave of AI progress will require technical breakthroughs in reasoning and completing a sequence of actions "more reliably."

Persons: Sundar Pichai, Pichai, unravels ChatGPT, OpenAI Sam Altman, Ilya Sutskever, Andrew Ross Sorkin, Satya Nadella Organizations: Industry, The New York Times, Google, Reuters, Microsoft

☆ 'It is key to remain invested,' Julius Baer portfolio manager says. Here's how she's investing
▼ + stars: | 2024-12-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

"We believe it is key to remain invested and view any potential corrections as technical and temporary opportunities to get into the market," Julius Baer International's Portfolio Manager Aneka Beneby said. Against this backdrop, she observes a "come back" in the traditional 60/40 portfolio, where 60% of funds are invested in equities and the remaining 40% is allocated to fixed income. Overweight equities Looking ahead, Beneby is overweight on equities and prefers the asset class to fixed income given relatively high inflation levels. Her comments come as the consumer price index — a key metric measuring inflation levels — rose 2.6% in the U.S. in October, versus a year ago. Fixed income Unlike U.S. equity markets which have had a stellar rise, fixed income has been under pressure no thanks to high levels of volatility.

Persons: Julius Baer International's, Aneka Beneby, Beneby Organizations: CNBC Pro, U.S ., U.S Locations: U.S, Europe, Central, Canada, France, Germany, Italy, Japan

☆ Former Olympic champion Charlotte Dujardin suspended from equestrian for a year over whipping scandal
▼ + stars: | 2024-12-05 | by ( Colin Millar | ) www.nytimes.com time to read: +4 min

AdvertisementDujardin’s sanction comes after a video emerged in July 2024 of the double Olympic dressage champion whipping a horse repeatedly four years previously, which saw her withdraw from the Paris Olympic Games. After the video emerged in the summer, Dujardin withdrew from the Paris Games and said she had made “an error of judgement” during a coaching session. The FEI added that since the video emerged, it has not received any further complaints about Dujardin’s conduct. Charlotte Dujardin, Britain's joint-most decorated female Olympian, has been provisionally suspended & will not compete at Paris 2024. Dujardin had been due to compete in the team and individual dressage in Paris.

Persons: Charlotte Dujardin, —, Dujardin, “, ”, Britain's, Sabrina Ibanez, ” Dujardin, Laura Kenny, Kenny, Bradley Collyer Organizations: GB’s, Federation Equestre Internationale, Paris Olympic Games, FEI, National Federation, Paris Games, British Equestrian Federation, British Dressage, Olympic, Royal Society for, Animals, Rio, Tokyo Locations: Paris

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