DIRS.INFO The most relevant business & tech news

☆ After a well-received quarter, Cramer explains why he thinks Netflix can 'rock on higher'
▼ + stars: | 2024-10-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After a siding with the bulls in the run-up to Netflix 's latest earnings report, CNBC's Jim Cramer explained why the quarter made him more optimistic about the company's future, saying he was impressed by management's outlook and commentary about content. Netflix beat Wall Street's expectations for earnings, revenue and paid membership growth when it posted its report Thursday evening. The streaming giant's shares popped 11% Friday morning and maintained those gains through close. Cramer was encouraged by management's guidance for the current quarter and 2025, as the company expects to keep up double-digit revenue growth some investors feared would be hard to maintain. He also liked Sarandos' positive read on how AI will impact business.

Persons: CNBC's Jim Cramer, maul, Cramer, Ted Sarandos, Sarandos, Emily, I'm Organizations: Netflix, National Football League Locations: Paris

☆ North Korea to send thousands of troops to aid Russian forces in Ukraine war, South Korea's spy agency says
▼ + stars: | 2024-10-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

North Korea is set to send thousands of troops to aid Russia in the Ukraine war, South Korea's spy agency has said. South Korea's National Intelligence Service made the announcement on Friday, Yonhap news agency reported. AdvertisementNorth Korea is set to send thousands of troops to aid Russia in its war in Ukraine, South Korea's spy agency has said, per Yonhap news agency. If confirmed, it would be the North's first major involvement in a war since the Korean War in 1950-1953. Business Insider has contacted South Korea's Ministry of National Defense, NATO, and the UK Ministry of Defence for comment.

Persons: —, Volodymyr Zelenskyy, We've, Zelenskyy, Pat Ryder, Ryder, Mark Rutte Organizations: Korea's National Intelligence Service, Korean, Service, Pentagon, NATO, Business, South Korea's Ministry of National Defense, UK Ministry of Defence Locations: Korea, Russia, Ukraine, South, North Korea

☆ After rejecting Google takeover, cyber firm Wiz says it will IPO 'when the stars align'
▼ + stars: | 2024-10-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company's billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public "when the stars align." Earlier this year, the company rejected a $23-billion acquisition bid from Google , which would have marked the tech giant's largest-ever takeover. At the time, Wiz CEO Assaf Rappaport said the startup was "flattered" by the offer, but would remain an independent company and aim to list instead. "We've already broken a few records as a private company, and we believe we can also break a few more records as an independent public company as well," Reznik said. Four-year-old Wiz has raised $1.9 billion in venture capital to date, including $1 billion secured this year in a funding round led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital at a valuation of $12 billion.

Persons: Wiz, Roy Reznik, Assaf Rappaport, Reznik, Andreessen Horowitz Organizations: CNBC, Amazon Web Services, Microsoft, Google, Lightspeed Venture Partners Locations: Tel Aviv, Israel, London

☆ Meta layoffs are the latest sign that constant job cuts are the new Big Tech normal
▼ + stars: | 2024-10-18 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

After shedding workers in sweeping layoffs in late 2022 and early 2023, many tech companies are adopting a more methodical, department-by-department approach to making cuts. Related storiesIndeed surveyed more than 1,100 US tech workers from early to late June. Fagan said some tech workers are drawn to the flexibility that contingent or part-time roles can offer. Yet, ultimately, she said, tech is the #1 industry tech workers historically want to work in. Advertisement"It's not like they're going out and massively hiring and then doing layoffs," Fagan said.

Persons: —, Andy Welfle's, Welfle, he'd, Cruise, Zeile, Linsey Fagan, Fagan, It's, they're, " Fagan, Mark Zuckerberg, Dice's Zeile, Zuckerberg, they've, Indeed's Fagan, it's Organizations: Meta, Service, Microsoft, Reality Labs, Google, LinkedIn Locations: Silicon Valley

☆ The commercial real estate recovery is on, but the rebound may be uneven
▼ + stars: | 2024-10-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate. That could give interest rate-sensitive sectors such as commercial real estate long-awaited positive momentum. While lower rates are not a "magic bullet," the easing of the Fed's monetary policy "lays the groundwork for a commercial real estate recovery," analysts wrote in a follow-up report in late September. More than $40 billion in transactions occurred during the second quarter, a 13.9% jump quarter over quarter, but still 9.4% lower year over year, according to real estate data intelligence firm Altus Group. While these dynamics could set the stage for a broader recovery, with some major subsectors such as commercial retail real estate picking up in tandem, the path forward will likely be uneven.

Persons: Howard Schnapp, Alan Todd, Todd, Willy Walker, Walker, Dunlop, what's, Wells, Wells Fargo, —, Chad Littell, Littell Organizations: Newsday, Federal Reserve, Bank of America, CNBC, REIT, Real, Board, New York, U.S, Capital Locations: Melville , New York, Wells, U.S, Manhattan, Wells Fargo

☆ Hamas leader Yahya Sinwar is dead. Here’s who could head the group next
▼ + stars: | 2024-10-18 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +4 min

But while Sinwar’s death is a huge blow for Hamas, it does not signal the immediate demise of the group. Mousa Abu Marzouk, the deputy chief of Hamas’ political bureau who helped found Hamas, could also be a contender to become Sinwar’s replacement. Israel has killed Hamas’ previous leaders: In 2004 they killed Hamas founder Sheikh Ahmed Yassin. Sinwar had consolidated power during the war, becoming Hamas’ sole decision maker in Gaza following the killing of the other two top Hamas officials there. Sinwar became Hamas’ most senior leader after the assassination of Ismail Haniyeh in the Iranian capital Tehran in July.

Persons: Tel Aviv CNN — Israel, Yahya Sinwar, Sinwar –, Sinwar’s, Khalil al, Khaled Mashal, Sinwar, Mohammed Sinwar, Mohammed, Mohammed Sinwar’s, ”, Mousa Abu Marzouk, Khaled Meshaal, Meshaal, Jimmy Carter, Jordan’s King Abdullah II, Ayatollah Ali Khamenei, Bashar al Assad, Khalil Al Hayya, Hazem Bader, Al Hayya, Israel, Sheikh Ahmed Yassin, Abdel Aziz Rantisi, Mohammed al, Masri, Mohammed Deif –, Al, Deif’s, Marwan Issa, Ismail Haniyeh Organizations: Tel, Tel Aviv CNN, Hamas, Anadolu, Israel Defense Forces, Israeli, CNN, FBI, United, Iran’s, West Bank, Getty, Brigades Locations: Tel Aviv, Palestine, United States, Iran, Cairo, Qatar, Hebron, Jordan, Gaza, Tehran, Israel

☆ Apple Intelligence will drive an upgrade cycle, but it won't happen until it's released: Gil Luria
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple Intelligence will drive an upgrade cycle, but it won't happen until it's released: Gil LuriaGil Luria, D.A. Davidson Managing Director, joins 'Closing Bell Overtime' to talk Apple iPhone demand and why recent demand data might be misleading.

Persons: it's, Gil Luria Gil Luria, D.A Organizations: Apple Intelligence, Davidson, Apple

☆ Israel's Sinwar video shows the chilling reach of battlefield drones
▼ + stars: | 2024-10-18 | by ( Matthew Loh | Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

Only 13 years ago, the world learned of what were Muammar Gaddafi's last few moments through shaky video filmed on cellphones. Small drones are a critical feature of combat in Ukraine, where they've been used for battlefield observation and attack. The hovering quality of the Sinwar video indicates it was likely filmed by a quadcopter. AdvertisementThe astounding wealth of drone-fed intelligence, surveillance and reconnaissance has made more of the battlefield visible than ever before. Nonetheless, technological advances mean that drones watching the battlefield will be a ubiquitous feature of future wars, a looming threat to ground troops and fleeing leaders.

Persons: Israel, Yahya Sinwar's, —, Yahya Sinwar, Sinwar, Yahya Sinwar’s, GJGDlu7bie, Nadav Shoshani, Muammar Gaddafi's, Mauro Gilli, Gilli, they've, It's, Volodymyr Zelenskyy, Maria Berlinska, Guy Prives Organizations: Service, Swiss, ETH Zurich, Anadolu, Getty, Pentagon, IDF Locations: Libyan, It's, Ukraine, Russian, Moscow, Kursk, Israel

☆ Cramer says Netflix can rise 30% from Friday's new highs to $1,000 — here's why
▼ + stars: | 2024-10-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer believes Netflix 's innovative use of artificial intelligence (AI) in its ad-supported tier is a game changer, positioning the company far ahead of its competitors. "Netflix is so far ahead of everybody else," Jim noted, adding that the Street's enthusiasm for Netflix stock on the back of Thursday's beat-and-raise quarter is largely driven by its success in AI-based advertising. Netflix's AI advantage, Cramer highlighted, is why investors are willing to pay up for the stock. He set a $1,000 price target on the stock, which implies a 30% upside from Friday's intraday high of roughly $763. Looking ahead, co-CEO Gregory Peters stated that advertising would become one of Netflix' key growth drivers during the company's post-earnings webcast Thursday.

Persons: CNBC's Jim Cramer, Jim Cramer, Jim, Cramer, Gregory Peters Organizations: Netflix Locations: Thursday's, United States

☆ Mark Zuckerberg and Jensen Huang's combined wealth gains this year equate to the 7th richest person in the world
▼ + stars: | 2024-10-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg and Jensen Huang have collectively gained $150 billion this year. AdvertisementMark Zuckerberg and Jensen Huang have collectively grown over $150 billion richer this year, a figure that exceeds Warren Buffett's net worth. Huang, the CEO and cofounder of Nvidia, has gained $75.6 billion in net worth this year, second only to Zuckerberg. AdvertisementThe two tech titans have gained a combined $152 billion this year, which alone would make them the 7th richest person on earth. Zuckerberg and Huang's joint wealth has jumped to $324 billion —more than Coca-Cola ($301 billion) or Netflix ($295 billion) were worth at the end of Thursday trading.

Persons: Mark Zuckerberg, Jensen Huang, —, Warren, Zuckerberg, Elon Musk, Jeff Bezos, Huang, rade, Nvidia's microchips Organizations: Nvidia, Netflix, Service, Meta, Bloomberg, Amazon, Investors

☆ The government is getting fed up with ransomware payments fueling endless cycle of cyberattacks
▼ + stars: | 2024-10-18 | by ( Barbara Booth | ) www.cnbc.com time to read: +7 min

Zeroing in on cyber insurance as a key area for reform comes as the U.S. government scrambles to find ways to disrupt ransomware networks. For many organizations, deciding whether to pay a ransom is a difficult and urgent decision. The hacker group allegedly demanded a ransom to return the stolen data, though it remains unclear whether NPD paid it. Darren Williams, founder of BlackFog, a cybersecurity firm that specializes in ransomware prevention and cyber warfare, is firmly against paying ransoms. UnitedHealth Group experienced this firsthand after its subsidiary, Change Healthcare, was hit by the ALPHV/BlackCat ransom group in April 2023.

Persons: Anne Neuberger, James S, Ann Neuberger, scrambles, Paul Underwood, Underwood, Bryan Hornung, Hornung, I've, they'd, —, Ransom, LVHN, Darren Williams, BlackCat, LoanDepot Organizations: Brady, White, Washington , D.C, National Intelligence, FBI, Xact IT, Social, Lehigh Valley Health, Federal Trade Commission, NPD, Jerico, UnitedHealth Group, Change, Healthcare, LoanDepot Locations: Washington ,, what's, Pennsylvania, U.S

☆ S&P 500 eyes another record close — plus, our 2 health-care stocks that defied the group
▼ + stars: | 2024-10-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Markets: The S & P 500 is on pace for another record close and its sixth straight positive week. Financials also continued their strong run this week thanks to strong earnings from banks such as Club holding Morgan Stanley and other financial services companies. 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, hasn't, Financials, Morgan Stanley, Danaher, we'll, Jim Cramer's, Jim Organizations: CNBC, ., ASML Holdings, Taiwan Semiconductor Manufacturing Company, Nvidia, bellwether, Abbott Laboratories, UBS, Mizuho, . Energy, Texas, OPEC, International Energy Agency, Coterra Energy, Dow Jones, Dover, Honeywell, Jim Cramer's Charitable

☆ Trump reveals ‘people from Fox’ helped him write Al Smith dinner speech
▼ + stars: | 2024-10-18 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

New York CNN —Former President Donald Trump said Friday that Fox News staffers helped him write his speech for the Al Smith charity dinner, in which he cracked jokes and insulted his opponent, Vice President Kamala Harris. Trump made the comment during an interview on “Fox and Friends,” in which he was asked about his monologue. Host Steve Doocy said Democrats historically “turn to the guys from ‘Saturday Night Live’ or the ‘Tonight Show;’ they write all their material,” before asking Trump who helped write his speech. “I had a lot of people, a couple people from Fox actually, I shouldn’t say that. “I’m going to see Rupert Murdoch,” Trump said.

Persons: Donald Trump, Al Smith, Kamala Harris, Trump, “, Steve Doocy, ’, ” Trump, Harris, Sean Hannity, Rupert Murdoch, “ I’m, he’s, I’m, don’t, ‘ Rupert, Murdoch, MAGA, Globalist RINO, Suzanne Scott, Jessica Tarlov, Richard Fowler, Patrick Murphy, ’ Wolf, Keisha Lance Bottoms Organizations: New, New York CNN, Fox News, “ Fox, Trump, Fox, CNN Locations: New York, Fox

☆ How a cop-turned-therapist is helping election workers deal with threats and harassment
▼ + stars: | 2024-10-18 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +6 min

CNN —Every few weeks, a group of active-duty and retired cops gather with election officials to plan for harrowing scenarios on Election Day. Four years after the 2020 election, the threat level hasn’t come down and hostile rhetoric toward election workers is commonplace. Federal and election officials are on edge and are trying to take every security precaution to prevent a violent attack on election workers. The threats, harassment and other pressures have led some election officials, or their family members, to say, “‘Enough is enough. He also leads the state’s Election Threats Task Force, which includes state and federal law enforcement and is designed to detect threats to election workers more quickly.

Persons: Harold Love, ” Love, “, I’m, ’, Donald Trump, —, Brennan, Adrian Fontes, Fontes, ” Fontes, Tina Barton, Barton, Ronna McDaniel, ”, ’ ” Barton, Al Schmidt, Trump, Schmidt, ” Schmidt Organizations: CNN, Secure, Brennan Center for Justice, Federal, Arizona, Republican National Committee, The, Force Locations: Michigan, United States, Maricopa County, Arizona’s, Arizona, City, Rochester Hills , Michigan, Rochester Hills, Indiana, Philadelphia

☆ 5 things to know about the mystery $30 million whale moving betting markets toward Trump
▼ + stars: | 2024-10-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +7 min

Since the start of October, there's been a notable divergence between the betting markets and the polls. Where do election odds stand in betting markets now? What's going on with the 'Trump whale' in the betting markets? Is the $30 million 'Trump whale' an influence campaign? Because the betting markets are relatively illiquid, a $30 million bet can have a big influence on moving the odds in favor of Trump.

Persons: Harris, —, Donald Trump, Kamala Harris, there's, Will Donald Trump, Polymarket, Peter Thiel, ethereum's, Vitalik Buterin, Joe Gebbia, Trump, Kalshi, What's, Michie, Arkham, Adam Cochran, Cochran, Elon Musk, Mitt Romney, Barack Obama Organizations: Trump, Service, Street, Arkham Intelligence, Republican Locations: Polymarket, Crunchbase, Wisconsin , Michigan, Pennsylvania, Nevada

☆ Change the power dynamic in any room with one strategy, says communication expert—it'll make you influential at work
▼ + stars: | 2024-10-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

You have to use the strategy in moderation, and earnestly, for it to be effective, says Abrahams: "People can smell humblebrags." Think about your responsesThoughtfully responding to questions and compliments is an easy way to display humility, according to Abrahams. "When I say, 'I'm still working on my communication skills,' I'm really trying to take pressure off the other person and show that we're in this together," says Abrahams. Avoid being self-deprecating, or your colleagues will feel like you're fishing for compliments, he adds. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Matt Abrahams, Abrahams, Charlene Li, I'm, Andy Jassy, Jeff Bezos, Jassy, Bezos, you've, it's Organizations: Stanford University, CNBC, Duke University, Amazon

☆ Israel killed its most-wanted target thanks to 2 things: chance and persistence
▼ + stars: | 2024-10-18 | by ( Tom Porter | Hannah Abraham | ) www.businessinsider.com time to read: +5 min

Israel killed Hamas leader Yahya Sinwar, the architect of the October 7 terrorist attacks. AdvertisementAfter a yearlong war against Hamas that reduced much of Gaza to ruins, Israel on Wednesday killed its top target: the Hamas leader Yahya Sinwar. Israel's military persisted, using heavy weapons, including 2,000-pound bunker-buster bombs, to target areas under Gaza where Sinwar and other Hamas leaders could have been hiding. During that time, Israel killed several Hamas leaders, including Mohammad Deif in Gaza, and Ismail Haniyeh in an audacious explosives attack in Tehran, Iran. A chance encounterA unit from the Israel Defense Forces (IDF) 828th Bislamach Brigade conducted Wednesday's operation in Gaza.

Persons: Israel, Yahya Sinwar, —, Bashir Abbas, Sinwar, Mohammad Deif, Ismail Haniyeh, Abbas, Tal al, Joe Biden, Bin, Netanyahu Organizations: Service, Hamas, Wednesday, Stimson, Israel Defense Forces, 828th Bislamach Brigade, Royal United Services Institute, US Institute for, ISIS Locations: Israel, Gaza, Washington ,, Tehran, Iran, Rafah, Lebanon

☆ Ukraine: North Korea is sending 12,000 troop to aid Russia’s war, South Korea intelligence says
▼ + stars: | 2024-10-18 | by ( Story Associated Press | ) edition.cnn.com time to read: +3 min

Seoul, South Korea AP —South Korean intelligence has found that North Korea has dispatched 12,000 troops including special operation forces to support Russia’s war against Ukraine, news reports said Friday, a development that could bring a third country into the war and intensify a standoff between North Korea and the West. North Korea has 1.2 million troops, one of the largest militaries in the world, but it lacks actual combat experience. Many experts question how much the North Korean troop dispatch would help Russia, citing North Korea’s outdated equipment and shortage of battle experiences. The statement said participants of the meeting agreed that North Korea’s troop dispatch poses a grave security threat to South Korea and the international community. Outside officials and experts say North Korea in exchange possibly received badly needed food and economic aid and technology assistance aimed at upgrading Kim’s nuclear-armed military.

Persons: Kim Jong Un, Vladimir Putin, Yoon Suk Yeol, Dmitry Peskov, Volodymyr Zelenskyy, we’ve, ” Zelenskyy, Mark Rutte Organizations: South Korea AP — South, National Intelligence Service, NIS, North, NATO Locations: Seoul, South Korea, Korea, Ukraine, North Korea, Korean, Russia, Pyongyang, Russian, Ukrainian, Donetsk, Moscow

☆ Trump insults Harris at Al Smith dinner while she barnstorms Wisconsin and mocks his ‘father of IVF’ claims
▼ + stars: | 2024-10-18 | by ( Gregory Krieg | ) edition.cnn.com time to read: +5 min

And now the man calls himself the father of IVF,” Harris said on Thursday, recalling Trump’s remark at an all-women’s town hall. Exit polls in 2020 showed Biden — who’d become the nation’s second Catholic president — finishing with a 5-point lead over Trump with Catholic voters. After wishing Adams “good luck,” Trump repeated the familiar canard that the Justice Department indicted Adams over the mayor’s criticism of the Biden administration’s border policy. “You’re going to win, I think you’re going to win, I know you’re going to win, so good luck,” Trump told Adams. Vice President Kamala Harris speaks a a rally at Resch Expo on October 17, 2024 in Green Bay, Wisconsin.

Persons: Donald Trump, Kamala Harris ’, Al Smith, Harris –, Joe Biden, ” Harris, Trump, gaslighting, ”, New York Cardinal Timothy Dolan, Melania Trump, Letitia James, Woody Johnson, Michael Bloomberg, Harris, Biden — who’d, —, Hillary Clinton, Pope Francis, “, There’s, ” Trump, Kamala Harris, Chuck Schumer, Harris ’, Tim Walz, I’ve, Eric Adams, Adams, “ You’re, He’s, Biden, Scott Olson, Luke, Molly Shannon, Live’s ” Mary Katherine Gallagher Organizations: CNN, Catholic, GOP, Univision, New York, Trump, New York Jets, White, Minnesota Gov, New York City, Justice Department, Biden, Detroit Locations: New York City, Wisconsin, Manhattan, New York, Green Bay , Wisconsin, Detroit, Motor

☆ Satellite images show North Korean special forces sent to Russia disguised as Russian soldiers with fake IDs, South Korean spies say
▼ + stars: | 2024-10-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

North Korea has sent 1,500 special forces troops to Russia, according to South Korea's spy agency. Satellite images published by Seoul are said to show the North Korean special forces at bases in eastern Russia. The NIS said that North Korean military officers visited missile launch sites near the war's front lines in August. A Pentagon spokesperson said he's seen reports about North Korean forces deploying to the war but can't confirm or corroborate them. Beyond North Korea, Russia has also turned to fellow pariah state Iran for military assistance during the Ukraine war.

Persons: —, they're, he's, Pat Ryder, you've, Kim Jong Un Organizations: Korean, Service, Korea's National Intelligence Service, Moscow, NIS, North Korean, National Intelligence Service, National Intelligence, Pentagon, North Korea . National Intelligence Locations: Korea, Russia, South, Ukraine, Seoul, North Korea, Pyongyang, South Korea, Siberia, Russian, Ussuriysk, Khabarovsk, Moscow, Kyiv, Iran, Tehran

☆ Wall Street is trying to make AI search sexy
▼ + stars: | 2024-10-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

Finance firms and fintech startups are trying to use generative AI to improve search capabilities. Perfecting search, down the line, could lead to more automation and more complex generative AI tools. It has already onboarded some-25 Wall Street firms onto its generative AI platform. AdvertisementMeanwhile, two Stanford grads came together to build Mako, a generative AI associate for the private-equity industry. The search tool is the bank's second such generative AI tool, the first being a generative AI developer co-pilot that helps software engineers code more efficiently.

Persons: Goldman Sachs, Blackstone, —, Goldman hoovered, Neema Raphael, Raphael, it's, Morgan Stanley's, Keri Smith, Smith, Jeff McMillan, Gabe Stengel, Stanford grads, It's, Peter Anderson, Familiarizing, Goldman Organizations: Service, Bloomberg, Nasdaq, Goldman, Blackstone, Google, Bank of America's, Accenture, Stanford, Balyasny Asset Management Locations: Wall, OpenAI

China's National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters. "The national economy showed positive signs of growth in September," Sheng Laiyun, the bureau's deputy commissioner, said at the press conference, according to CNBC's translation of the Chinese. Other data also released on Friday, such as retail sales and industrial production, had also beat expectations, a hopeful sign for the world's second largest economy. Beijing has faced growing public scrutiny over its ability to meet its own annual growth target of "around 5%." Amid low consumer sentiment and a flagging property sector, the Chinese government has intensified stimulus measures in recent weeks in an effort to boost its lackluster economy.

Persons: Sheng Laiyun, Tianchen Xu Organizations: National Bureau, Statistics, Reuters, Economist Intelligence Unit Locations: China, Beijing

☆ Intel seeks billions for minority stake in Altera business, sources say
▼ + stars: | 2024-10-18 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Intel is looking for a deal that values Altera at around $17 billion, said the people, who requested anonymity to speak freely about confidential information. Following a steep drop in its stock price and extended stretch of market share losses, Intel has been looking to make drastic changes. The company made overtures to a number of private equity and strategic investors this week about Altera, the sources said. Intel has expressed to some of those investors that it would be possible to acquire a majority stake in the business. Intel has previously said it could look to monetize Altera business through an IPO, possibly as soon as 2026.

Persons: Pat Gelsinger, Gelsinger Organizations: Intel Corporation, Senate Commerce, Science, Innovation, Russell, Intel, Qualcomm, Nvidia, Devices

☆ Sinwar’s death offers an opening to end the war in Gaza – and a test for Netanyahu
▼ + stars: | 2024-10-17 | by ( Dan De Luce | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +8 min

After a yearlong manhunt, including help from U.S. intelligence agencies, Israeli troops stumbled upon him during a routine patrol, Israeli officials said. Yahya Sinwar in Gaza city on Oct. 18, 2017. Now a cease-fire, the return of hostages and even the withdrawal of Israel Defense Forces from Gaza could be within reach, former officials said. One of the hostages Hamas took on Oct. 7 was an 85-year-old peace activist, Yocheved Lifshitz, who was later released. She told to the Israeli newspaper Davar about encountering Sinwar in the maze of tunnels under Gaza.

Persons: Yahya Sinwar, Benjamin Netanyahu, “, ”, Bruce Riedel, ” Sinwar, Atia Darwish, Sinwar, Biden, ” Dennis Ross, Ross, they’re, Antony Blinken, ” “, Blinken, Matthew Miller, Aaron David Miller, Netanyahu, Sinwar’s, Burcu Ozcelik, Israel, Ghaith Al, Yocheved Lifshitz Organizations: Israel, Hamas, CIA, Biden, Washington Institute for Near, Israel Defense Forces, Gaza, United Arab, State, Carnegie Endowment, International, Royal United Services Institute, Lebanese, Hezbollah Locations: Gaza, Israel, Iran, U.S, Lebanon, United States, United Arab Emirates, London, Palestinian, Hamas, Qatar

The latest benefit from the artificial intelligence revolution: saving American taxpayers billions of dollars. The U.S. Treasury Department said its increased use of artificial intelligence in fraud detection helped prevent or recover more than $4 billion over the past year. "Helping ensure that agencies pay the right person, in the right amount, at the right time is central to our efforts." A Treasury official declined to provide specific examples of how AI had been deployed, given the nature of the activities targeted. The Department said it plans to lend resources and lessons-learned from its AI efforts to other federal agencies.

Persons: Wally Adeyemo Organizations: U.S . Treasury Department, Treasury, The, Juniper Research, Internal Revenue Service, IRS Locations: U.S

Search resuls for: "Intelligence"

25 mentions found