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☆ With debt crisis looming, look to these names and sectors, Jim Cramer says
▼ + stars: | 2023-05-11 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Investors can look at the debt ceiling crisis of 2011 for guidance on where to invest as the nation contends with a similar stalemate and potential downturn, CNBC's Jim Cramer said Thursday. "We can buy the stocks of literally any drug company," Cramer said. Consumer products stocks also offer opportunities, Cramer continued. "I'd be thinking of Procter & Gamble ," he said, noting it held up during the 2011 debt downturn, and of Johnson & Johnson spinoff Kenvue. Alongside those names, Cramer believes that PepsiCo is a "fabulous performer," and that Mondelez and Hershey both offer strength among the food names.

☆ New York Is Full of Empty Offices After Covid. Make Way for the Playground City. - The New York Times
▼ + stars: | 2023-05-10 | by ( Edward L. Glaeser | Carlo Ratti | ) www.nytimes.com time to read: +20 min

We are witnessing the dawn of a new kind of urban area: the Playground City. The transformation toward the Playground City will not happen on its own. To draw people into the Playground City, we need to show, not tell. 6.Engage citizensGovernments should empower citizens to participate directly in making the Playground City. The Playground City sees people as both a means and an end, and it should involve them in the process of its creation.

☆ Rocket Software offers improved bid to acquire Germany's Software AG
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

May 9 (Reuters) - Rocket Software on Tuesday announced an improved offer for the acquisition of the entire share capital of Germany's Software AG (SOWGn.DE) at an initial offer price of 34 euros per share ($37.43). The non-binding offer from Rocket Software, which is backed by private equity firm Bain Capital, comes after a bidding war for the German software company emerged last week. Rocket Software said its latest offer "would be a more compelling opportunity for Software AG’s employees, customers, and other stakeholders, and will deliver a superior outcome for Software AG’s shareholders." The Boston, Massachusetts-based Rocket Software offers software solutions to enterprises across all industries, to help with IT challenges across infrastructure, data, and applications. German multinational software firm Software AG, which is listed in Frankfurt, develops enterprise software for business process management, integration, and big data analytics.

This would support a pause in hikes at the Fed's next meeting, and could cause a slight drop in mortgage rates. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 30-Year Fixed Mortgage RatesAverage 30-year fixed mortgage rates inched up to 6.39% last week, according to Freddie Mac. 15-Year Fixed Mortgage RatesThe average 15-year fixed mortgage rate is 5.76%, a slight increase from the prior week, according to Freddie Mac data.

☆ Instant View: Solid April US jobs report undermines case for Fed cut soon
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +8 min

ANTHONY SAGLIMBENE, CHIEF MARKET STRATEGIST, AMERIPRISE FINANCIAL, TROY, MICHIGAN“It's definitely telling you that the job market is still hot. PETER CARDILLO, CHIEF MARKET ECONOMIST, SPARTAN CAPITAL SECURITIES, NEW YORK“It was a hotter than expected report, it certainly didn’t show any cooling in the labor market. Hourly earnings were a little higher than I was looking for.”“Bottom line, this is a strong report and shows that the labor market is resilient. So I think the real focus is on the inflation numbers, and what's happening with wage growth. We are hopeful the continued strength of the jobs market and signs of slowing inflation will ease market volatility in the coming months.

[1/4] A logo is on display in the office of Sberbank, Russia's state-owned dominant lender and one of the country's leading technology players, in Moscow, Russia, March 28, 2023. But it also highlights challenges as Russia's tech development becomes increasingly reliant on one state-owned player. Since 2020 it has cast itself as a technology company as well, and is now seeking a bigger slice of Russia's shrinking technology pie. "There are restrictions on some of them, it is a very complex technology," Belevtsev said. "There is already a lot of cooperation on engineers and technology," Belevtsev said.

☆ These are the top 10 most in-demand job skills right now, according to the World Economic Forum
▼ + stars: | 2023-05-03 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

As jobs are going through a transformational time, the World Economic Forum lays out the top 10 most important skills for workers, and how they'll shift. Jobs and work are going through a major transformation right now — with millions of roles potentially being eliminated or created in the coming years, according to non-governmental organization the World Economic Forum. In its latest "Future of Jobs" report, WEF lays out which skills are key right now, and which will become vital in the coming years. Analytical and creative thinking skills take the top spots for what companies are expecting from workers right now. "Comparisons to previous surveys suggest that creative thinking is increasing in importance relative to analytical thinking as workplace tasks become increasingly automated," the report said.

☆ The 10 fastest-growing jobs over the next 5 years—some pay over $100,000
▼ + stars: | 2023-05-03 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

New technologies and the escalating climate crisis are changing the landscape of work at an "unprecedented rate," according to a new report from the World Economic Forum. Between now and 2027, 69 million jobs will be created worldwide— but 83 million roles are expected to be eliminated, creating a net decrease of 14 million jobs, the WEF reports. Their findings are largely based on a survey of 803 companies that employ a total of 11.3 million workers in 45 different economies around the world. The rise of generative AI and other smart technologies as well as the drive to "go green" will lead some jobs to soar in demand over the next five years, and put others at risk of becoming obsolete. Coca-Cola, for example, is using AI to improve customer service and ordering and experimenting with ChatGPT to "enhance marketing capabilities and business operations," per its latest earnings report.

☆ Exclusive: $38 billion data and AI darling Databricks acquires security startup Okera
▼ + stars: | 2023-05-03 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +4 min

Data and AI company Databricks is acquiring data security startup Okera. Recently, customers have increasingly asked about data security when creating custom AI models. In 2015 and 2016, software engineer Nong Li spent a number of months at data and AI startup Databricks. Databricks plans to integrate Okera deeply in the company, specifically as part of its data and AI governance offering, Unity Catalog, Ghodsi said. Today, Unity Catalog is Databricks' number one priority as it looks to build the end-to-end platform for data, analytics, and AI, Ghodsi said.

☆ They've been beaten, trolled, threatened with sexual violence but refuse to be silenced
▼ + stars: | 2023-05-03 | by ( Adie Vanessa Offiong | ) edition.cnn.com time to read: +9 min

Ixchíu Hernández had already been the victim of years of online threats -- attempts to humiliate and silence her. Published in April 2021, it reveals: "Online attacks on women journalists appear to be increasing significantly, as this study demonstrates, particularly in the context of the 'shadow pandemic' of violence against women during COVID-19. "Online violence against women journalists is designed to: belittle, humiliate, and shame; induce fear, silence, and retreat; discredit them professionally, undermining accountability journalism and trust in facts; and chill their active participation...in public debate. Ricchiardi-Folwell explains that because of the often-sexualized nature of the attacks, women remain silent about their harassment, which leads them to believe they are alone. Editor's note: This story was originally published in 2021 and updated to reference the latest report by UNESCO.

☆ Morning Bid: Volatile news, not markets
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +5 min

While the Federal Reserve is almost certain to raise interest rates again on Wednesday, the move could be its last. So in a holiday-strewn month around the world, the VIX (.VIX) - Wall St's so-called 'fear gauge' of the implied stock market volatility for the month ahead - hit its lowest level on Monday since November 2021. Even though it ticked back up a bit above 16 overnight, it remains three full points below its 33-year historical average. For macro markets, the Fed decision is complicated by the debt ceiling and banking backdrop. March job openings numbers later on Tuesday will give an indication of just how tight the labor market remains.

☆ China's A.I. chatbots haven't yet reached the public like ChatGPT did
▼ + stars: | 2023-04-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Baidu CTO Wang Haifeng speaks at the unveiling of Baidus AI chatbot Ernie Bot at an event in Beijing on March 16, 2023. Those restrictions haven't stopped the Chinese press and social media in general from talking frequently about ChatGPT and AI tech. So far, publicly available figures indicate similar AI products in China are not as widely available. Kunlun claims Tiangong is the only chatbot in China with training metrics at the level of ChatGPT. Some in the industry also expect such AI tools will be easier to commercialize for business products than for public tools such as search.

☆ How Ukraine's artillery is doing more damage than Russia's, even with fewer rounds
▼ + stars: | 2023-04-26 | by ( David Hambling | ) www.businessinsider.com time to read: +12 min

While Ukraine has fewer guns firing fewer shells, it appear to be doing more damage than Russia. But while Ukraine has fewer guns firing fewer shells, they appear to be doing more damage even though, with some notable exceptions, they are using the same weapons as their Russian opponents. NATO Secretary General Jens Stoltenberg stated in February that Russia was firing around four times as many shells as Ukraine. This suggests an improvement of a factor of 7-10, which is roughly what we see in the ratios of artillery shells: casualties above. A vast number of Ukrainian drone videos show this process in operation.

☆ Stocks making the biggest moves midday: Nvidia, Palantir, Western Alliance, Johnson & Johnson and more
▼ + stars: | 2023-04-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

The Western Alliance Bancorporation logo is seen in this photo illustration on 13 March, 2023 in Warsaw, Poland. This development would give U.S. government customers and industry partners access to enterprise-grade capabilities by Palantir and Microsoft. Western Alliance also said it has enough liquidity to cover the remaining uninsured deposits. Johnson & Johnson — Shares rose about 3%. Conagra Brands — The packaged goods food company rose 3% after topping Wall Street's expectations on the top and bottom lines for the recent quarter, according to FactSet.

Multiple experts identified the presence of malware on the Pinduoduo app that exploited vulnerabilities in Android operating systems. Evidence of sophisticated malware in the Pinduoduo app comes amid intense scrutiny of Chinese-developed apps like TikTok over concerns about data security. Pinduoduo has previously rejected “the speculation and accusation that Pinduoduo app is malicious.”CNN has contacted PDD multiple times over email and phone for comment, but has not received a response. Google Play is not available in China, and Android users in the country download their apps from local stores. Engineers also found their access to big data, data sheets and the log system revoked, the source said.

☆ Airbus drops offer for stake in Atos unit, shares tumble
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +2 min

PARIS, March 29 (Reuters) - Airbus (AIR.PA) has decided not to make an offer for a minority stake in Atos' soon-to-be spun-off division Evidian, sending shares in the French IT firm down more than 15%. Its shares plunged on Wednesday after news that Airbus was dropping out of the Evidian deal to close 16.75% lower. "Atos takes note of Airbus' decision to no longer pursue the discussions it initiated in February 2023," it said in a separate statement. At that valuation, a 29.9% share stake in Evidian would have a price tag of 1.2 billion euros. Atos rejected last September an unsolicited offer from rival onepoint and UK private equity fund ICG at an indicative enterprise value of 4.2 billion euros ($4.1 billion).

☆ Abu Dhabi's Presight AI soars on market debut
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +1 min

DUBAI, March 27 (Reuters) - Shares in Abu Dhabi big data analytics company Presight AI climbed as much as 176% on their stock market debut after raising 1.82 billion dirhams ($495.6 million) in an initial public offering (IPO) for almost a third of the business. Presight's shares rose as high as 3.70 dirhams on the Abu Dhabi Securities Exchange before retreating a little to 3.40 dirhams. The company is majority owned by G42, controlled by Sheikh Tahnoon bin Zayed al-Nahyan. Sheikh Tahnoon is the UAE's national security adviser and has acted as a foreign policy troubleshooter for his brother, President Sheikh Mohammed bin Zayed al-Nahyan. He was also recently named chair of Abu Dhabi Investment Authority, the emirate's largest sovereign wealth fund, and was already chair of smaller wealth fund ADQ.

☆ Deutsche Bank, Credit Suisse, and what to know about the financial turmoil — and how one company is working to boost the number of women on Wall Street
▼ + stars: | 2023-03-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

The program collaborates with UPenn's Wharton business school, and it teaches college women the fundamentals of markets, portfolio management, and finance. Katherine Jollon Colsher, President and CEO, Girls Who Invest Girls Who InvestKatherine Jollon Colsher is the chief executive officer and president of Girls Who Invest, a nonprofit that aims to help women enter asset management and other careers across Wall Street. Katherine Jollon Colsher: We work exclusively in the buy side, and we do focus exclusively on placing women in internships and frontline investing roles to advance more women portfolio managers. With that, our vision is for 30% of the world's investable capital to be managed by women by 2030. Shares of the German bank tumbled on Friday, as the cost of credit default swaps linked to its bonds shot higher.

☆ This Bessemer-backed startup clamping down on bad data quality just raised $12.8 million. Check out the 15-slide pitch deck Sifflet used to raise the cash.
▼ + stars: | 2023-03-21 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Sifflet, a data observability startup, has raised $12.8 million in Series A funding. Check out the 15-slide pitch deck the Bessemer-backed company used to raise $12.8 million. Paris-based Sifflet, a startup that helps companies improve their data quality, has raised $12.8 million in funding. "I saw how painful it was to work with unreliable data and wanted to see if we could do something better because poor data quality is very costly." "Companies have become very proficient at collecting data because they can leverage big data to become smarter as businesses," Bakouk added.

☆ These 74 stocks across 5 categories of AI are the top picks from the sector's leading fund managers.
▼ + stars: | 2023-03-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

These 74 stocks are picked by AI ETF managers. What she believes is unique about her fund is its heavy focus on quantum computing technology, making up 41.22% of the fund. While big data is used for different technologies, it enables AI to work with massive data sets in its machine-learning process. TipRanks, a financial technology website that uses AI to analyze financial data, created a stock list for what they deem are the best AI stocks based on popularity. TipRanks' list of nine of the best AI stocks have large market caps and are likely to remain relevant for a long time.

Markets remained fragile, with European bank stocks tumbling over 5% on Monday and U.S. banks set to open lower (.SX7P). Markets also moderated their view on UK rates and were pricing in a roughly 75% chance of a 25 bps hike when the Bank of England meets next week. Goldman Sachs said on Sunday the banking stress meant it no longer expected the Fed to hike rates next week. "It's not going to want to go clattering in with another 50 (bps hike) and see some other financial institution getting hosed." A new Fed bank funding scheme aimed at addressing some of Silicon Valley Bank's apparent problems with losses in its bond portfolio is expected to further help with stability for banks and bonds.

PANW YTD mountain Palo Alto Networks (PANW) YTD performance We're adding to our Palo Alto Networks position. One of the big data points that came out of the company's recent blowout earnings report was how Palo Alto has now achieved GAAP profitability over its past four quarters. PXD YTD mountain Pioneer Natural Resources (PXD) YTD performance We're also buying an oil stock, Pioneer Natural Resources , into Monday's energy rout and upgrading our rating back to a 1 . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Exclusive: Shenzhen bourse taps intelligence tech firm as China battles capital market fraud
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +4 min

The Shenzhen Stock Exchange did not respond to Reuters' request for comment. EC Guard declined to be interviewed. The United States in 2019 placed EC Guard on its so-called entity list of companies that are subject to U.S. trade restrictions for reasons such as national security. Using that technology, EC Guard can identify relationships between users helping regulators identify potential illegal activity and also trace a company's ultimate shareholders to ensure they are legitimate owners, the person said. The Shanghai Stock Exchange, the country's largest bourse, stepped up its fight against fraud in December with a new generation of systems that supervise securities trading.

☆ Xi Jinping wants China's army to work closely with the country's tech giants, further blurring the lines between the military and civilian sectors
▼ + stars: | 2023-03-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Chinese leader Xi Jinping wants China's army to work more closely with local tech giants. Chinese tech firms are already facing intense scrutiny in the US over their ties to the CCP. "To consolidate and improve the integrated national strategic system and capabilities, the key is to work hard on integration to maximize national strategic capabilities," he said. Chinese tech companies are already under intense scrutiny in the USXi's emphasis on forging closer ties between the Chinese military and civilian tech companies comes amid intense scrutiny from the US government on how Chinese tech giants are using the data they harvest. Huawei, Hikvision, and Dahua are among the Chinese tech firms blacklisted by the US.

HONG KONG, March 8 (Reuters) - China has announced plans for a national data bureau, describing it as part of an effort to coordinate data resources in the country and to achieve a vision of "digital China" conceived by President Xi Jinping. Xi's vision for a "digital China" aims to see the country populated by smart, internet-connected cities and data treated alongside labour and capital as a key factor to drive the economy and help China compete more effectively globally. In December, China's top leadership published an outline of how China should develop basic data systems and utilize the country's data resources. Last week, they unveiled a new plan that aims for the country to lead digital development globally by 2035. Areas to watch include big data infrastructure, data processing, the digitization of government data as well as data encryption, they added.

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