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☆ A growth stock showing signs of a breakout even as investors rotate out of group before Fed
▼ + stars: | 2024-09-17 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

I wonder if this is collectively the same group that doubted the bull market when it was rallying on narrow breadth led by the Mag 7. Today we'll revisit Meta (META) , the second largest market cap name in the sector behind Alphabet. I currently hold a 7% target allocation in my Tactical Alpha Growth (TAG) portfolio and a 2% target allocation in my Strategic Income & Growth (SIG) portfolio at Inside Edge Capital. -Todd Gordon, Founder of Inside Edge Capital, LLC DISCLOSURES: ( Gordon owns META in his wealth management company Inside Edge Capital. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Elliott, I'm, Zuckerberg, Todd Gordon, Gordon Organizations: Netflix, Spotify, CNBC Pro, Alpha, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ E.l.f. Beauty CEO says low prices have helped company thrive as cosmetics industry slows
▼ + stars: | 2024-09-16 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Beauty CEO Tarang Amin told CNBC's Jim Cramer on Monday that the company has performed well even as the cosmetics industry goes through a rough patch, stressing the budget-conscious nature of the products. The company's most recent quarter beat expectations and the beauty retailer said it saw sales grow by 50%. Amin said the company posted 22 consecutive quarters of net sales growth and market share growth. Some beauty companies have reported a slowdown in consumer spending, and Amin said the category is seeing "softness," down 6%. We'll do the same this time, and the only other big difference is we continue to diversify our supply chains."

Persons: Tarang Amin, CNBC's Jim Cramer, Amin, Gen Z, Roblox Organizations: Alpha Locations: U.S, China

☆ Icahn Enterprises wins dismissal of investor lawsuit
▼ + stars: | 2024-09-14 | by ( ) www.cnbc.com time to read: +2 min

Carl Icahn's investment company Icahn Enterprises won the dismissal of a lawsuit claiming it artificially inflated its share price by issuing unsustainably high dividends to help the billionaire investor obtain large amounts of personal loans. A spokesman for Icahn Enterprises did not immediately respond to a similar request. The shareholders said Icahn Enterprises' true health became evident as its Auto Parts Plus business went bankrupt, the company slashed its dividend and Icahn renegotiated his loans. He also said Icahn Enterprises' 2021 annual report disclosed Carl Icahn's share pledges, and that there were no allegations that any defendant conducted insider trading. The case is Kosowsky v Icahn Enterprises LP et al, U.S. District Court, Southern District of Florida, No.

Persons: Carl Icahn, Carl Icahn's, District Judge K, Michael Moore, Moore, Icahn Organizations: Alpha, Icahn Enterprises, District Judge, Hindenburg Research, U.S, Securities, Exchange, Parts Plus, Icahn, Court, Southern District of Locations: New York, Miami, U.S, Southern District, Southern District of Florida

☆ Spotify is testing much-needed parental controls for kids under 13. As a parent, I can't wait.
▼ + stars: | 2024-09-14 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

Read previewSpotify just announced it's testing a new parental control feature that will allow parents to block explicit lyrics and other content. AdvertisementOn all accounts, it's possible, deep within user settings, to turn off explicit lyrics, which makes songs marked "E" unplayable. It will direct you to the exact toggle switch in Settings to turn explicit content back on. The new parental controls will allow a parent to set this up in a way that kids can't just turn it back off. Related storiesThe new feature allows parents to block or limit the videos on Spotify (including the short looping videos that play over a song).

Persons: —, Taylor Swift, you'll, They'll, Gen, I'm Organizations: Service, Spotify, Business, Gen Alpha Locations: Denmark, Sweden, New Zealand

☆ UniCredit's Andrea Orcel plays a bold hand, with Commerzbank in his sights
▼ + stars: | 2024-09-12 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

UniCredit 's CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could still be in the cards. UniCredit faces a number of hurdles before increasing its stake after filing a request to "potentially exceed 9.9% of Commerzbank if and when necessary." Commerzbank shares soared on Wednesday when news of UniCredit's position was announced, and compounded gains on Thursday following speculation of an imminent takeover. Whispers cooled in January, however, when Deutsche Bank CEO Christian Sewing said that merger and acquisition activity was not a priority for the group at the time. A UniCredit takeover of Commerzbank would emerge as a rare, if long-awaited, instance of consolidation among Europe's banking titans.

Persons: UniCredit, Andrea Orcel, Orcel, it's, Deutsche Bank CEO Christian Sewing Organizations: Bloomberg, HypoVereinsbank, Alpha Bank, Hellenic Financial Stability, Deutsche Bank, Deutsche Bank CEO Christian, Commerzbank, titans Locations: Commerzbank, Germany, Munich

☆ Trump and Harris should have discussed tax plans during the debate: Capital Alpha Partners' Lucier
▼ + stars: | 2024-09-11 | 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 EmailTrump and Harris should have discussed tax plans during the debate: Capital Alpha Partners' LucierJames Lucier, a founding partner at Capital Alpha Partners, joins CNBC's Kelly Evans on "The Exchange" to break down the tax plans of Republican Presidential nominee former President Donald Trump and Democratic Presidential nominee Vice President Kamala Harris.

Persons: Harris, James Lucier, CNBC's Kelly Evans, Donald Trump, Kamala Harris Organizations: Trump, Capital Alpha Partners, Republican Presidential, Democratic

☆ Solar stocks get a Harris bump. What the charts say about whether the rally is for real
▼ + stars: | 2024-09-11 | by ( David Keller | ) www.cnbc.com time to read: +4 min

But the stock quickly dropped to find new support around $210, eventually settling into a trading range between $200 and $240. This price range lines up well with previous resistance from 2023, adding further conviction to the importance of these levels. But if RUN can finally break above the $24 level, that would mean clear skies ahead from a technical perspective. While solar stocks still have much to prove, their technical configurations suggest investors should watch this space closely leading into the November elections. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Kamala Harris, FSLR, it's, David Keller Organizations: Nasdaq, Inc, Sunrun Inc, CMT, Sierra Alpha Research, CNBC, NBC UNIVERSAL

Just before midnight on Tuesday, Vice President Kamala Harris was about to greet supporters at a post-debate party in Philadelphia when aides pulled her aside with some news she had not been ready for: Taylor Swift had just endorsed her. For a vice president already riding high from her performance against former President Donald J. Trump, the blessing of Ms. Swift, the 34-year-old megastar — and the most famous childless cat lady in the world — came as a pleasant surprise. “Hard work is good work, and we will win,” Ms. Harris said in brief remarks, leaving Ms. Swift’s endorsement to speak for itself. In the weeks since President Biden turned his campaign over to Ms. Harris, she has used several high-stakes moments to build out a case against Mr. Trump.

Persons: Kamala Harris, Taylor Swift, Donald J, Trump, Ms, Swift, “, ” Ms, Harris, Biden Organizations: Democratic Locations: Philadelphia

SKIP AHEAD How I picked the best treatments for dry, cracked heels | Best treatments for dry, cracked heels | What causes dry, cracked heels? Best treatments for dry, cracked heelsBelow, I compiled dermatologist-recommended moisturizing and exfoliating products to help treat dry, cracked heels year-round. Below, our experts highlight a few main causes of dry, cracked heels:Lack of moisture: The primary cause of dry, cracked heels is a lack of moisture or a damaged skin barrier, according to our experts. The primary cause of dry, cracked heels is a lack of moisture or a damaged skin barrier, according to our experts. How to treat dry, cracked heelsWhen it comes to dry heels, prevention is key.

Persons: William Huang, Samer Jaber, Nkem, shea, Aveeno, ”, Annie Chiu, Huang, Chiu, Barry Goldman, Goldman, Jaber, Slough, Duke University’s, keratosis, TikTok Organizations: NBC, Washington Square Dermatology, Derm Institute, Goldman Dermatology, Cream, Walmart, NEA, American Podiatric Medical Association, Duke, Facebook, Twitter Locations: Washington, New York City, Union, California, Eucerin, Jaber, North Redondo Beach , California

Though we usually associate acne-prone skin with the more annoying parts of our teenage years, it has become more common in adults. SKIP AHEAD The best products for acne-prone skin | What are the best ingredients for acne-prone skin? The best products for acne-prone skin in 2024The dermatologists I spoke to recommend products with acne-fighting ingredients like salicylic acid, benzoyl peroxide, adapalene and azelaic acid (more on that below). The dermatologists we spoke to noted a few other considerations when using skin care products on acne-prone skin. For this article, I spoke to dermatologists to find out everything you should know about acne-prone skin care.

Persons: It’s, Eileen Deignan, Graber, La, Posay, Tracy Evans, Stevenson, Evans, Zoe Malin, Zoe Malin Dr, Caren Campbell, Differin, Malin, Ashley Morris, Mario, Mario Badescu, Posay’s, Campbell —, blackheads, La Roche, kaolin, Morris, who’s, ”, Lindsey Bordone, Cetaphil, Erum Ilyas, Baume, Supergoop’s sunscreens, Dr, Mary Stevenson, you’re, Deignan, “, ” Evans, dermatologists, TikTok Organizations: Dermatology, NBC, Neutrogena, Emerson Hospital, of Boston, Columbia University Medical Center, La Roche, NYU Langone Health’s, of Dermatology, Facebook, Twitter Locations: U.S, Posay, California, Neutrogena, La

☆ Cramer's Lighting Round: 'I'm going to say no' to Citigroup
▼ + stars: | 2024-09-10 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Citigroup's year-to-date stock performance. Stock Chart Icon Stock chart icon IES's year-to-date stock performance. Stock Chart Icon Stock chart icon IBM's year-to-date stock performance. Stock Chart Icon Stock chart icon Exxon Mobil's year-to-date stock performance. Stock Chart Icon Stock chart icon Alpha Metallurgical Resources' year-to-date stock performance.

Persons: Arvind Krishna Organizations: Citigroup, Citi, IBM, Parts, Exxon, Exxon Mobil, Alpha Metallurgical Resources

☆ Nelson Peltz steps down as chair of Wendy's board, starting a new era for burger chain
▼ + stars: | 2024-09-09 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Nelson Peltz is stepping down as chair of Wendy's , ending a 17-year reign at the fast-food chain. "In our view, [Peltz's departure] opens the door for a new chapter under new Chairman Art Winkleblack & new CEO Kirk Tanner," T.D. He is stepping down to devote more time to his other board commitments and Trian Partners' future activities, according to Wendy's. Heinz, is now non-executive chair of Wendy's board. Clarification: This story has been updated to include the combined ownership stake of Trian and Peltz.

Persons: Nelson Peltz, Wendy's, Kirk Tanner, Winkleblack, T.D, Cowen, Andrew Charles, Peltz, Trian, Heinz Organizations: Alpha, PepsiCo, Trian Partners, Trian Fund Management Locations: New York, Wendy's, Trian

☆ Google is losing its status as a verb
▼ + stars: | 2024-09-06 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

The Merriam-Webster dictionary added "Google" as a verb to mean searching for something on the web. "So long Google, the verb," wrote Mark Shmulik and fellow internet analysts at Bernstein Research in a note to investors. Related stories"Gen Zers, and especially Gen Alpha, barely use Google as a verb anymore, they simply say to 'search it'," Shumlik and colleagues explained. It might be concerned because when you're no longer a verb, that suggests you're no longer ubiquitous. So maybe Google is happy it's no longer a verb with the young folk?

Persons: —, Merriam, Mark Shmulik, Zers, Alpha, Shumlik, Gen Z, Shmulik Organizations: Service, Google, Webster, Business, Bernstein Research

☆ Wasteful consumerism has a new worst enemy: Gen Alpha tweens
▼ + stars: | 2024-09-03 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Some Gen Alpha kids are taking a stand against buying too much stuff — and dragging their parents along for the ride. AdvertisementA 2024 survey of 1,000 Gen Alpha parents found that 63% of their kids care about sustainability. While Zoomers and millennials prefer to shop online, Gen Alpha specifically likes shopping in-store. Som Gen Alpha kids are "minimalists." Overall, Delisle doesn't think it's likely that every Gen Alpha child is above consumerism.

Persons: Yuriy Boykiv, we'll, Gen, McCrindle, Boykiv, Zers, Gen Alpha, Alpha, Wunderman Thompson, Alphas, Julie, she's, aren't, Laura Ascher, Alpha's, Stephen Yalof, David Delisle, Helenor Gilmour, Gilmour, Delisle, spender Organizations: Service, Alpha, Business, — Business, Gen Alpha, Wunderman Thompson Commerce, Gen, tweens, Stanley, Brain Locations: skincare

☆ China’s earnings season is wrapping up. How to play what’s next
▼ + stars: | 2024-08-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Major Chinese companies' latest quarterly reports reinforce how the local market is one for stock pickers. Another Chinese stock with growing exposure to overseas growth is Temu parent PDD Holdings , which is scheduled to report earnings before the U.S. market open on Monday. As of Friday, PDD held the second-largest weighting in CoreValues Alpha Greater China Growth ETF (CGRO). That gives the ETF managers timely information to move in and out of Chinese stocks. CGRO holds just over 30 Chinese companies that meet criteria such as "not compromising American tech, economic interests or values" or appearing on U.S. sanctions lists, according to the ETF's website.

Persons: Lorraine Tan, Morgan Stanley, Laura Wang, PDD, Tencent, Ben Harburg, CoreValues, Harburg, CGRO, We've, we've, you've, — CNBC's Michael Bloom Organizations: Morningstar, CNBC, GDS Holdings, PDD Holdings, China Growth, CoreValues Alpha, U.S, KraneShares CSI China Internet Locations: Asia, Morgan Stanley China, U.S, China, Hong Kong, Malaysia, Alpha, Beijing, Japan, India

Ceasar Bacarella v. Prime HydrationThe issue: In this case, Caesar Bacarella, the Florida-based owner of a line of sports supplements and apparel called Alpha Prime and protein brownies called Prime Bites, accuses Prime of trademark infringement. Hi-Tech Pharmaceuticals v. Prime HydrationThe issue: In a trademark suit filed in June, Hi-Tech Pharmaceuticals, a Kentucky-based company, accused Prime Hydration of "unfair competition" and "infringement." What's next: Prime filed a motion to dismiss, which the judge granted on several technicalities. AdvertisementRefresco Beverages US v. Congo Brands and Prime HydrationThe issue: Refresco Beverages, a bottler for Prime, filed a lawsuit in Delaware against Prime Hydration and its parent company, Congo Brands. US Olympic & Paralympic Committee v. Prime HydrationThe issue: The Olympics committee alleges the company used various Olympic trademarks reserved for its beverage sponsor, Coca-Cola.

Persons: —, Logan, KSI, Refresco, Agrovana, Prime's, Paul, Howard Telford, Read, forbearance, What's, Castillo, Elizabeth Castillo, they're, dink, Ceasar, Caesar Bacarella, Kennedy, mislabeling, hasn't, Kevin Durant Organizations: Service, Business, Bloomberg, Agrovana, Alpha, Tech Pharmaceuticals, Nutrition, Energy, Centers for Disease Control, Refresco, Congo Brands, Google, Paralympic Locations: Massachusetts, NielsenIQ, Euromonitor, United States, California, Florida, Kentucky, New York, Delaware, Congo, Chancery, Philadelphia, Colorado

Greek organizations tend to be the domain of colleges, with students pledging and developing life-long connections in fraternities and sororities. But Kamala Harris’ presidential campaign is thrusting Black Greek organizations into the political sphere. She is the first presidential nominee to come from a Divine Nine Greek organization, so would be the first president from the Black Greek system if elected. That means Harris has ready access to the Divine Nine’s more than 2 million members — including activists, community leaders, philanthropists and more — and what could be a potentially powerful voting and mobilization bloc. Last week, Kiahna W. Davis, a regional director of Alpha Kappa Alpha Inc., formed an AKA political action committee to support Harris.

Persons: Kamala Harris ’, Harris, Kiahna, Davis, Deidra Davis, “, ”, Brandon Bell, Donald Trump’s, Christine Simmons, ” Harris, @akasorority1908, Joe Biden, …, you’re, Minyon Moore, Moore, Hillary Clinton’s, I’ll, doesn’t, Donna Jones Anderson, ” Anderson, there’s, ” Davis Organizations: Alpha Kappa Alpha, Alpha Kappa Alpha Inc, Washington , D.C, “ Alpha Kappa Alpha, Alpha Kappa Alpha Sorority, Democratic, Howard University, Howard, Delta Sigma Theta, Zeta Phi Beta, Democratic National Convention, NBC News, Pan, Hellenic, NBC Locations: Washington ,, California, Indianapolis, hellenic, There’s

☆ Allies want Trump to get on message and long Covid test proves elusive: Morning Rundown
▼ + stars: | 2024-08-13 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +10 min

A study on long Covid fails to bring researchers closer to finding a diagnostic test. Why there’s no test yet for long CovidAn estimated 17 million people have long Covid, but identifying people with the condition still can't be achieved with one diagnostic test, researchers said this week. So “clinicians are left to continue doing what we have done in the past,” which is to rule out other potential health conditions rather than diagnosing long Covid, they said. The study is part of the National Institute of Health’s RECOVER Initiative, a billion-dollar-plus effort launched in 2021 to research causes and treatments of long Covid. The Freedom Caucus added that in the event of a stopgap bill, funding should be “extended into early 2025” to avoid passing a funding bill that “preserves Democrat spending.” Both demands would spark a standoff with Democratic lawmakers.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Kevin McCarthy, Joe Biden, Oleksandr Syrskyi, Vladimir Putin, Putin, Aleksei Smirnov, Karen Bass, S. Organizations: Los Angeles, Trump, Former, Fox News, Kremlin, Los Angeles —, Lacrosse, Flag Locations: Florida, Ukraine, Kursk, Ukrainian, L.A, Paris, Los Angeles, Angeles, 4 e

☆ 45 unfairly punished stocks primed for a revival: Goldman Sachs
▼ + stars: | 2024-08-13 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

During the sell-off, strategists at Goldman Sachs recommended buying the dip in US stocks, albeit carefully, as they reiterated their year-end S&P 500 price target of 5,600. Economically sensitive stocks have lagged defensives by at least 5 percentage points in a single week 12 times since 2000, according to Goldman Sachs. "Despite the weak jobs report, our economists believe continued economic expansion is far more likely than recession," Kostin wrote. Goldman Sachs found that those micro factors explained 86% of stock returns in the first half of 2024, versus the long-term average of 57%. Fewer worries about the near-term economic outlook mean stocks will no longer trade in lockstep — a win for active investors.

Persons: —, Goldman Sachs, David Kostin, Kostin, abate, lockstep — Organizations: Service, Goldman, Business, Institute of Supply, Walmart Locations: Japan, lockstep, Monday's

A glorious farewell to the 2024 OlympicsIt’s time to say au revoir to the 2024 Summer Olympics in Paris. Mark J. Terrill / APTeam USA eked out close wins in the men's and women's basketball finals, taking gold in the final weekend of the games. The men's team, which included all-stars LeBron James and Kevin Durant, brought home the fifth straight Olympic title for the Americans. Sunday's win by the women's team was its eighth straight Olympic gold. Other Olympic highlights:Trump campaign says it was hackedFormer President Donald Trump’s campaign has said it was hacked by an Iranian group.

Persons: H.E.R, Tom Cruise, Chili Peppers, Billie Eilish, Snoop Dogg, Dr, Dre, Team USA Stephen Curry, Mark J, Terrill, Steph Curry's, LeBron James, Kevin Durant, Sunday's, A'ja Wilson, Jordan Chiles, Naomi Baker, Cecile Landi, Romanian Ana Bărbosu, Macron, Emmanuel Macron, Léon Marchand, Pascal Le Segretain, “, ”, Trump, Donald Trump’s, Steven Cheung, Trump’s, ” Cheung, Kamala Harris, Harris, Willie Brown, Omar Al, Uvalde shooter’s, Armando Ramos, Salvador Ramos, Leila, Gen Alpha, Zers, Alpha Organizations: Phoenix, Team USA, USA, WNBA, U.S, Getty, International Olympic, Paris Olympics, NBC News, Politico, Microsoft, Islamic Revolutionary Guard Corps, Trump Organization, San Francisco, Trump, Trump . White, Israel Defense Forces, Hamas, Robb Elementary School, NBC Locations: Paris, Los Angeles, Venice, U.S, France, China, Romanian, Iranian, “, Montana, Trump, Gaza City, AFP, Israel, Gaza, , Texas

☆ Goldman says buy these cheap stocks with healthy fundamentals during this sell-off
▼ + stars: | 2024-08-12 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

"If economic fears continue to fade and the market becomes more micro-driven in coming months, then the recent sell-off represents an attractive opportunity to buy stocks with healthy fundamentals at valuation discounts," wrote Goldman chief U.S. equity strategist David Kostin and team in a note to clients Friday. Goldman screened for stocks that have seen their earnings estimates ratchet up since the start of the third quarter, but posted weak relative returns during the last week. Goldman noted that cyclical stocks underperformed defensive names last week, showing that "macro" is driving equity returns. Once investors' focus returns to normal, stocks with strong fundamentals and valuations like those on this list will start to benefit, the firm argues. "If the data confirm our economists' optimistic view, investors will likely pivot back to focusing on alpha opportunities rather than market betas."

Persons: Goldman Sachs, David Kostin, Goldman Organizations: Goldman, Micron, Systems

☆ Social media keeps catching Wall Street off guard
▼ + stars: | 2024-08-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

In 2015, he created TickerTags, a social media data aggregator that tracks company mentions, and sold it to Jefferies' M Science. To be fair…Speculating and making decisions based on social media trends is a risky wager. Wall Street doesn't always respond to social media trends that could negatively drive fundamentals because there aren't tools to understand the impacts, McKeown noted. In the event a social media trend is mentioned, it's not factored into their valuation model, Ober added. How social media sentiment plays into a thesis should depend on an investor's time horizon.

Persons: It's, Bud Light's, influencer Dylan Mulvaney, BUD, Kirk McKeown, Chris Camillo, Jefferies, Camillo, Bud, didn't, Paul Johnson, Laxman Narasimhan, misperception, Sara Senatore, I've, Senatore, Chipotle, Keith Lee, dollies, Brian Niccol, Goldman Sachs, They're, Matt Ober, they're, I'd, McKeown, it's, Ober Organizations: Service, Business, Anheuser, Busch, Wall Street, Pew Research Center, Molson, TAP, Starbucks, Nicusa Investment, Columbia Business School, of America Locations: Palestine, Gaza, SBUX

Children born after 2010, Gen Alpha are the internet’s newest darlings. Gen Alpha’s hyper online manner of speaking has been dubbed “brainrot,” mostly by older Gen Zer’s who share spaces like TikTok with them. It evolves so quickly online.”With the new slang, Gen Alpha itself has gained a reputation. When older people try to use Gen Alpha slang, “It’s kind of embarrassing,” Beryl said. “Every single person throughout history has always complained about how the younger generations are ruining language with their made-up slang,” Aleksic said.

Persons: Gen Z’s, ”, ” Everyone’s, Gen Alpha, Zer’s, Camille Nisich, “, We’re, Michael Petersen, Beryl, he's, Michael Petersen “, Adam Aleksic, you’ve, Alpha, Michael Bay, it’s, It’s, Z’s, Kai Cenat, Fanum, Marigold, cuz, ” Aleksic, Aleksic, Neal Broverman, Calvin, ” Nisich, ” Beryl, They’re, ” Neal Broverman, Neal, Zers, “ There’s, “ It’s Organizations: Alpha, Hollywood, bae ”, Google Locations: Roblox, “, Marigold, “ Ohio, Ohio, Tennessee

☆ I tried a 'kid-safe' smartphone with no social media. I loved it but would change one thing.
▼ + stars: | 2024-08-10 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +8 min

Gen Alpha is poised to be the most online generation, with AI and other inevitable advancements in technology and social media. I loved the phone, but using it for a week also made me realize how complicated excessive social media use is to solve. AdvertisementIt all reminded me of a conversation I had earlier this year with an ex-digital brand strategist about reducing social media use. I'd see memes from friends who forgot to text my Gabb phone and would get sucked right back into social media. Plus, the only reason I have social media boundaries at all is because I grew up being encouraged to have hobbies.

Persons: —, I've, Alpha, Julia Pugachevsky, it'd, Sabrina Carpenter's, GabbMessenger, It's, they'll Organizations: Service, Business, Apps, Spotify

☆ 'These are not normal;' A new type of dealmaking for AI startups is rattling Silicon Valley
▼ + stars: | 2024-08-10 | by ( Ben Bergman | Sri Muppidi | ) www.businessinsider.com time to read: +7 min

Google unnerved Silicon Valley last week when it agreed to pay $2.5 billion to license Character.AI's technology, hire its two superstar cofounders and 20 percent of employees. The deal came after AI developers Adept and Inflection both effectively sold themselves to Amazon and Microsoft, respectively, in recent months. It was only last year Character.AI raised $150 million in venture funding, which valued the company at $850 million. Its appeal as a chatbot that uses AI to make virtual characters that interact with users seems decidedly niche. Related storiesMost of the founders and investors Business Insider spoke to for this story say Google has little interest in Character.AI's actual product.

Persons: cofounders, Brent Queener, Kyle Sanford, Character.AI, Iris Sun, Noam Shazeer, Daniel De Freitas, Jack Selby, Peter Thiel's, Steve Brotman, Shazeer, De Freitas, PitchBook's Sanford, they're, Roy Bahat, Arvind Jain, Cameron Lester, Lester Organizations: Service, Microsoft, Bonfire Ventures, Business, Apple, Big Tech, AZ, Biden Administration, Federal Trade Commission, Department of Justice, Alpha Partners, FTC, DOJ, New York Times, Google, Madrona Venture, Bloomberg Beta, Jefferies

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