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☆ Experts are warning A.I. could lead to human extinction. Are we taking it seriously enough?
▼ + stars: | 2023-05-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” said the letter, signed by many of the industry’s most respected figures. These industry leaders are quite literally warning that the impending A.I. revolution should be taken as seriously as the threat of nuclear war. It is, however, precisely what the world’s most leading experts are warning could happen. researcher at Duke University, told CNN on Tuesday: “Do we really need more evidence that A.I.’s negative impact could be as big as nuclear war?”

Persons: Sam Altman, Demis Hassabis —, ”, Dan Hendrycks, Robert Oppenheimer, ‘, ’, ” Hendrycks, Newsrooms, Cynthia Rudin Organizations: CNN, Google, Center, A.I, Duke University

[1/2] An election campaign billboard of Kemal Kilicdaroglu, presidential candidate of Turkey's main opposition alliance, with a slogan that reads "Syrians will go! ", is pictured, ahead of the May 28 presidential runoff vote, in Istanbul, Turkey, May 25, 2023. "Most Syrians now feel as if the course of their entire lives depends on the results of the elections," he lamented. Like other regional leaders, Erdogan is also mending fences with Assad, raising the possibility of a rapprochement that could worry many Syrians in Turkey. He recounted an incident when a friend was robbed but feared he would be assaulted if he went to the police to illustrate the precarious position many Syrians feel themselves to be in in Turkey.

☆ VMware employees are increasingly concerned over Broadcom's pending $61 billion acquisition, predicting spinouts of business units, layoffs, and lost customers
▼ + stars: | 2023-05-26 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +14 min

Broadcom and VMware announced the $61 billion deal last year and recently pushed back the deadline as it undergoes regulatory scrutiny. Insider spoke with one former and four current VMware employees about the changes they expect to face once they are owned by the chipmaker Broadcom. A VMware spokesperson said in a statement that after the deal closes, VMware customers will obtain "more choice and flexibility" in managing their IT needs, especially across multiple cloud-computing services. Executives leaving VMwareVMware has lost several key executives since the Broadcom deal was announced (including several defecting to VMware's archrival Nutanix). "Nonetheless, I've continued to see questions in press reports about whether we intend to raise prices on VMware products.

Persons: —, Sanjay Poonen, Patrick Morley, haven't, Robert Ruelas, EUC, Kit Colbert, hasn't, Zane Rowe, Tom Gillis, Mark Lohmeyer, Ajay Patel, Kal, Karen Egan, Tom Kellermann, Raghu Raghuram, Hock Tan, Colbert, Tan, Hock E, Lucas Jackson, I've Organizations: VMware, Employees, Broadcom, SEC, Carbon, Symantec, Workers, Tech, VMware hasn't, VMware Employees, VMware VMware, Nutanix, Raghuram, Reuters

Walking away, President Joe Biden wrapped his arm around Zelensky’s shoulders. None of the G7 leaders are particularly popular at home, even as they produce results abroad. After all, it was Trump who had argued over dinner at the 2019 G7 summit in Biarritz, France, that Russia should be allowed back into the group. That level of chaos was nowhere to be found in Hiroshima this past week, when leaders appeared to generally like each other. Even before Biden left for the G7 summit, the stalemate over raising the federal borrowing limit prompted a scramble to rearrange the president’s engagements so he could return to Washington early.

☆ Tech pushes Nasdaq higher, dollar climbs on solid data, debt ceiling progress
▼ + stars: | 2023-05-18 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Investors were closely monitoring the debt ceiling negotiations in Washington for signs that Democrats and Republicans might be inching closer to a deal. Optimism about debt ceiling talks ebbed and flowed, with hopes for a deal that avoids a catastrophic default. European stocks closed higher and the German DAX rose to its highest level since January 2022 on optimism about the U.S. debt ceiling talks. The greenback extended its ascent against a basket of world currencies, reaching a seven-week high, powered by the economic data and debt ceiling hopes. Gold moved in opposition to the dollar, with the precious metal losing some luster as the economic data lowered the likelihood of a Fed rate cut before year-end.

☆ Charles Schwab's director of trading shares the 3 key factors to look for when picking stocks in 2023 — but says investors may be better off buying bonds
▼ + stars: | 2023-05-18 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

He shares three key factors investors should look for when buying stocks in 2023. But in fact, investors may actually be too optimistic right now, according to Joe Mazzola, Charles Schwab's director of trading and education. At this point, Mazzola believes it's pretty clear the Federal Reserve is planning to pause its rate-hiking cycle in June. One key metric Mazzola tracks is the earnings yield spread, or earnings divided by asset price — the inverse of the more widely followed price-to-earnings ratio. Fundamentally, the earnings yield shows an investor how much they're paying for potential earnings, Mazzola explained.

☆ Stock futures are flat after Dow notches best month since January
▼ + stars: | 2023-04-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

U.S. stock futures were flat in overnight trading Sunday after the major averages logged gains for April, and the Dow Jones Industrial Average notched its best month since January. Futures tied to the Dow dipped 30 points, while S&P 500 and Nasdaq-100 futures each inched 0.1% lower. The Nasdaq Composite advanced 0.69% as Big Tech earnings took center stage. For the month, the Dow gained 2.5% to notch its best monthly stretch since January, while the benchmark index gained 1.5%. "There was definitely a very positive surprise on the big tech earnings," said Jan Szilagyi, CEO of Toggle AI.

☆ Morning Bid: Banks calm the horses
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +5 min

As U.S. banking giants calm the horses, global investors are now concentrated on world growth and earnings signals more than interest rate rises for direction - with an assumption the latter are near an end anyway. Somewhat relieved analysts marginally brightened their dim outlook for first-quarter U.S. results compared with a week ago. Futures markets now see a more than 80% chance the Fed will execute one final quarter point rate rise next month - reversing it by September. That rate rise would bring the real Fed policy rate - adjusted by headline consumer price inflation - into positive territory for the first time in three years. The dollar extended Friday's rebound as the May rate rise pricing hardened.

☆ CNBC Daily Open: Signs of a coming storm
▼ + stars: | 2023-04-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. "It kind of feels like the calm before the storm," said Ryan Detrick, chief market strategist at the Carson Group. While it's nice to have a calm day or two, investors shouldn't ignore the warning of an impending storm. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Signs of a storm coming
▼ + stars: | 2023-04-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

☆ Morningstar: Buy these 10 cheap stocks that will maintain higher-than-average dividends as a looming economic slowdown makes it even harder to find strong returns
▼ + stars: | 2023-04-01 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

But dividend-paying stocks provide stable and consistent cash flow, even during downturns. Morningstar analysts shared 10 top undervalued stocks to buy for long-term cash flow. 10 cheap dividend-paying stocks to buyWhen faced with a looming economic downturn, one traditional strategy for investors to use to hedge recessionary risks is to buy dividend-paying stocks. "Price risk remains elevated, as does the risk that companies may not be able to maintain current dividends due to economic strain." Below is the full list of top dividend-paying stocks identified by Shetty and Compton, along with each company's ticker and market capitalization.

☆ Morning Bid: Bank calm, rates firm, Alibaba steals show
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +4 min

A semblance of calm has returned to world markets in the final week of the first quarter as the banking storm abates and the spotlight switched to a share-boosting six-way revamp of Chinese e-commerce giant Alibaba. Investors cheered the surprise move from Alibaba (9988.HK) as a sign Beijing's corporate crackdown may be nearing an end, sending shares of the Jack Ma-founded firm and peers soaring. The surprise move seeks to take advantage of Ermotti's experience rebuilding the bank after the global financial crisis 15 years ago. Broader stock markets were higher across the board, with Wall St futures up almost 1% ahead of the open. Futures markets now show a 50-50 chance of one more Fed rate hike in this cycle in May and half a point of easing by yearend.

☆ NHL fans are not happy about the league's new choice for its jerseys. Photos of Fanatics gear show why
▼ + stars: | 2023-03-25 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +2 min

The NHL announced Tuesday that it chose sports apparel brand Fanatics as its official on-ice uniform partner, replacing Adidas. "Coming 2024: NHL 🤝 Fanatics," the league wrote on Twitter this week. "The NHL going from Adidas jerseys to Fanatics jerseys," one user quipped above a photo of a poorly drawn horse. One user slammed the NHL and Fanatics as a natural partnership because they're both "fan unfriendly, low quality, and cheap." I had a Fanatics NHL jersey in my car and someone broke into my car and left two more," a Seattle Kraken fan account wrote on Twitter.

☆ Morgan Stanley says these 30 stocks are best positioned for long-term gains as inflation, interest rates, and a banking crisis turn markets upside down
▼ + stars: | 2023-03-22 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

But the chaos has also ushered in the beginning of the end of current bear market, said Mike Wilson. Morgan Stanley shared 30 stocks to buy for long-term outperformance in the next bull market. In fact, Wilson believes that a decline in credit availability may even point to the beginning of the end of the current bear market. In a note from March 21, Wilson and fellow equity strategist Michelle Weaver highlighted the top stocks identified by Morgan Stanley analysts to buy for outperformance and longevity. However, they cautioned that current market pricing or positioning played no role in determining their basket of top stocks.

☆ Morning Bid: Deep breaths as banks calm, but only a bit
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +5 min

The Federal Reserve is considering tougher rules and oversight for midsize banks similar in size to Silicon Valley Bank, which collapsed suddenly last week. Strengthened rules on banks in the $100 billion to $250 billion range could ape those for larger more systemic banks and involve stringent capital and liquidity requirements or beefed up annual "stress tests". Even though reports abounded of depositor flight from the smaller weaker banks to the larger financial firms, stock prices in the sector at large caught a breath. The VIX equity volatility gauge (.VIX) hugged Tuesday's close at 23. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Morning Bid: Bond blows batter banks as SVB cracks
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +5 min

SVB may be an unusual case in point - given its exposure to both last year's attrition in the tech sector, related startups and bond markets. Major U.S. banks were also hit, with Wells Fargo (WFC.N) down 6%, JPMorgan (JPM.N) down 5.4%, Bank of America (BAC.N) 6% lower and Citigroup (C.N) 4% lower. In currency markets, the dollar held the line on Friday in its lonely easy monetary policy stance. The BOJ held off making changes to its controversial bond yield cap policy, leaving all options open ahead of a leadership transition in April. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Our two financials differ from failed Silicon Valley Bank. But we're not buying the dips yet
▼ + stars: | 2023-03-10 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

The failure of Silicon Valley Bank is raising questions about the overall financial sector, which includes Club holdings Wells Fargo (WFC) and Morgan Stanley (MS). For now, we're waiting for the market to realize that Wells Fargo and Morgan Stanley are different. However, Wells Fargo turned positive by day's end, gaining more than half of a percent. In this environment, startups were using up a lot of money that had been deposited in SVB bank accounts to run their businesses. People walk past a Wells Fargo bank on 14th Street on December 20, 2022 in New York City.

☆ Rivian is forcing some customers to wait years for their vehicle deliveries — and it risks alienating them at a critical time in its fight to become the next Tesla
▼ + stars: | 2023-03-01 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +6 min

Rivian runs the risk of alienating customers who have been waiting years for their vehicles. He's hedged his bet on Rivian with orders for the Tesla Cybertruck and the electric Ram 1500. Some feel embarrassed by their early support of Rivian while their wait times increase to nearly half a decade. Rivian has previously said timing of deliveries is "based on a number of factors, including delivery location, configuration and original preorder or reservation date." Are you a current or former Rivian employee, Rivian vehicle owner, or Rivian order holder?

☆ Woody Harrelson Can Play Anyone. It’s Being Himself That’s Hard.
▼ + stars: | 2023-02-27 | by ( David Marchese | ) www.nytimes.com time to read: +17 min

“I’m an A personality and a B facade,” says Woody Harrelson, and that’s as good an explanation for his charm and success as you’re likely to find. I don’t know. I could go hang off one of those big mountaintop-remover coal things, but that’s not going to stop it. I meet with the director, and I’m going to do it — they’re making it for like $500,000 — then the guy just goes with someone else! I have a gluttonous side, and I know that’s not going to help me be a spiritually better person.

☆ Walmart sees lower 2023 performance in time of economic uncertainty
▼ + stars: | 2023-02-21 | by ( Siddharth Cavale | ) www.reuters.com time to read: +5 min

"There's still a lot of trepidation and uncertainty with the economic outlook. "So, that makes us cautious on the economic outlook because we simply don't know what we don't know." Home Depot (HD.N) also forecast weaker-than-expected annual profits on Tuesday as soaring prices hit demand for home-improvement products. They want the allure of savings and Walmart provides that," said McNew, whose firm holds about 350,000 Walmart shares. Walmart signs are displayed inside a Walmart store in Mexico City, Mexico March 28, 2019.

☆ Walmart cautious on economy, forecasts annual earnings below estimates
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +3 min

Feb 21 (Reuters) - Walmart Inc (WMT.N) forecast full-year earnings below estimates on Tuesday, saying it was cautious about the economic outlook for 2023 and that consumers were likely to continue shopping for lower-priced items that could pressure its margins. "There's still a lot of trepidation and uncertainty with the economic outlook. "So, that makes us cautious on the economic outlook because we simply don't know what we don't know." Walmart forecast fiscal 2024 earnings of $5.90 to $6.05 per share, compared with analysts' estimates of $6.50 per share, according to Refinitiv IBES data. Still, Walmart reported strong demand in the quarter ended Jan. 31, posting total revenue of $164.05 billion, a 7.3% increase from last year.

☆ 'I didn't watch Champions League final again until last weekend, it was torture' - Klopp
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +2 min

LIVERPOOL, England, Feb 20 (Reuters) - Liverpool coach Juergen Klopp conceded that he had not been able to bring himself to rewatch last season's Champions League final defeat by Real Madrid until this past weekend, insisting reliving the experience was "torture". "Different things happened to us with Real Madrid," Klopp told a news conference on Monday. I didn't watch it back until this weekend and I know why I didn't watch it back now, it was proper torture. "We always work so hard for qualifying for the Champions League that I really think you have to cherish these moments. It's Real Madrid.

☆ Nikki Haley digs at Trump’s age and calls for mental competency tests on pols over 75 in campaign kickoff
▼ + stars: | 2023-02-15 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +5 min

Among her policy promises were term limits and mental competency tests for politicians over 75. Haley, 51, leaned heavily into a narrative focused on a new generation of leaders as she launched her campaign in Charleston, South Carolina. "We're ready," she said, "ready to move past the stale ideas and faded names of the past. Leaning into portraying Trump as a leader of the past, Haley noted that Republicans failed to gain a majority of support from voters during numerous election cycles. The Trump campaign was quick to hit back at Haley on Wednesday, sending an email titled "The Real Nikki Haley" to reporters.

☆ A veteran real-estate investor who owns over 1,250 units across the country explains why 'more millionaires are made in downturns' like the upcoming housing correction — and shares 4 strategies invest
▼ + stars: | 2023-02-11 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Veteran real estate investor Dave Allred has ownership in over 1,250 units across the country. Allred believes the upcoming housing downturn will provide significant opportunities for investors. Today, the 42-year-old Allred has built a real estate empire that spans several states, including Utah, where he currently resides with his family. Besides migratory patterns, Allred also believes that the political landscape of a state can particularly affect a real estate investor's success. According to Allred, investors also shouldn't let trepidation weigh them down this year.

☆ Stigma and poverty stymie cancer treatment as rates rise in Kenya
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +2 min

NAIROBI, Feb 10 (Reuters) - Like many people in Kenya, Sperenza Maina went into denial when she was first diagnosed with breast cancer, hiding it from her family for months and delaying important treatment. As in much of Africa, most cancer cases in Kenya are diagnosed at an advanced stage, when treatment options are limited and families make huge sacrifices by selling assets or borrowing money, according to a World Bank report. As the country gets wealthier, cancer diagnoses are on the rise; annual incidence increased by almost 30% between 2012 and 2018, data from the health ministry shows. Women in Kenya often fear seeking diagnosis for some of the most common and deadly cancers in Kenya such as cervical and breast cancer, said Bridget Nyabuto, a doctor at the Nairobi Radiotherapy and Cancer Centre. Having cancer is not a death sentence, you have to live to tell the story," she said.

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