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☆ Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI
▼ + stars: | 2024-10-30 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. Meta has been so quick to build out its massive data center and computing infrastructure for artificial intelligence projects that CEO Mark Zuckerberg is even a bit surprised. In a call with analysts on Wednesday after Meta's third-quarter earnings report, Zuckerberg explained to investors how Meta's rising costs for the year are tied to the speed at which employees are able to get data centers, servers and chips for AI up and running. Meta raised the low end of its capital expenditures guidance for 2024 to $38 billion from $37 billion. "That execution makes me somewhat more optimistic that we're going to be able to keep on building this out at a good pace."

Persons: Mark Zuckerberg, Meta, Zuckerberg, we've Organizations: Meta, Inc Locations: Menlo Park , California

☆ Meta's stock drop tells the wrong story on earnings — so, we're boosting our price target
▼ + stars: | 2024-10-30 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Don't let the after-hours stock action fool you, Meta Platforms delivered one heck of a strong third quarter and a current quarter revenue guide above expectations. Ok, now that the "bad" is out of the way, let's look at what investors should really be focused on as they consider what to do with Meta stock. Meta Platforms Why we own it : We value Meta Platforms for its targeted advertising dominance. Notably, Meta AI, the company's version of a ChatGPT-type generative artificial intelligence search/answer engine, now has over 500 million monthly active users. Looking ahead to 2025, the team noted on the release, "We continue to expect significant capital expenditures growth in 2025.

Persons: biggie, that's, China's ByteDance, Mark Zuckerberg, Jensen Huang, Zuckerberg, we're, Meta, it's, haven't, Jim Cramer's, Jim Cramer, Jim, Andrej Sokolow Organizations: LSEG, Meta, People, Management, China's, Reality Labs, Nvidia, ., Facebook, CNBC, Getty Locations: Ray, capex

☆ Meta’s Reality Labs posts $4.4 billion loss in third quarter
▼ + stars: | 2024-10-30 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Meta reported third-quarter earnings on Wednesday, in which it said that its Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion. Analysts polled by StreetAccount were expecting that unit to post an operating loss of $4.68 billion. Reality Labs revenue rose 29% year-over-year to $270 million in the third quarter, below analysts' expectations $310.4 million. Reality Labs primarily makes money through selling Meta's Quest VR headsets and the Ray-Ban Meta smart glasses. After the company's Wednesday earnings report, Reality Labs has an operating loss of more than $58 billion since 2020.

Persons: Mark Zuckerberg, Meta's, Meta, StreetAccount, Ray Organizations: Meta, Orion, Reality Labs, Reality, VR, Facebook, CNBC Locations: Menlo Park , California, U.S

☆ Japan’s iconic Mount Fuji has yet to see snow this winter, breaking a 130-year record
▼ + stars: | 2024-10-29 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —November is just a few days away, but Japan’s iconic Mount Fuji remains snowless, marking the latest date without a snowcap since records began 130 years ago. The lack of snow as of October 29, beats the previous record of October 26, set in 1955 and 2016, he said. This aerial view shows climbers lining up to take a photo on the Kengamine summit of Mount Fuji on August 10, 2024. The unusual October heat Japan experienced was made three times more likely because of the climate crisis, Climate Central found. Straddling Japan’s Yamanashi and Shizuoka prefectures, the 3,776-meter Mount Fuji is a UNESCO World Heritage site and an icon of Japan.

Persons: Snowcaps, Shinichi Yanagi, Stringer Organizations: CNN, Mount, Fuji, NHK, Meteorological Office, Meteorological Agency, Mount Fuji, Kyodo, Climate, Northern, UNESCO Locations: Kofu, Japan, Mount, Central, Yamanashi, Shizuoka, overtourism

☆ Anthony Volpe, Yankees slam brakes on Dodgers in Game 4: Takeaways
▼ + stars: | 2024-10-29 | by ( Fabian Ardaya | Tyler Kepner | ) www.nytimes.com time to read: +7 min

NEW YORK — The hometown kid came to the rescue on Tuesday, saving the New York Yankees from elimination in the World Series. Freddie Freeman set a record in defeat, becoming the first player to hit homers in six consecutive World Series games, a streak that began with Atlanta in 2021. Shohei Ohtani and the Dodgers never got much going and the Yankees pulled away with a late offensive explosion. AdvertisementThrough four games this series, the Dodgers have managed 12 runs off Yankees starters in 16 innings. In 19 2/3 innings against the Yankees bullpen, they’ve scored six — and just one since their furious comeback in Game 1.

Persons: Anthony Volpe, Luke Weaver —, Freddie Freeman, Freeman, Shohei Ohtani, Elsa, Getty, Ben Casparius, Landon Knack, Daniel Hudson, Volpe —, Juan Soto, Aaron Judge, Giancarlo Stanton, Volpe, Hudson, Austin Wells, Wells, Aaron Boone, Luis Gil, Ohtani, Tim Hill, they’ve, It’s, Luke Weaver, Weaver, Mookie Betts, Weaver, Teoscar Hernández, Max Muncy, Clay Holmes, Mark Leiter Jr, Tim Mayza, Boone, Gerrit Cole, hasn’t Organizations: New York Yankees, Yankees, Los Angeles Dodgers, Atlanta, Dodgers, National League, Mets, Knack, Yankees ’ bullpen, The Dodgers, Yankee, New Locations: New York, Bronx, Soto, Weaver, Los Angeles

But some countries make motorists more nervous than others. A survey published in October shows drivers are most concerned about getting behind the wheel in India. With a score of 7.15 out of 10, India had the average highest score out of 49 countries in the survey. The survey is not based on statistical information, such as roadway safety or fatalities, but perceptions of drivability among non-locals. The top 10 list is a mix of countries across Asia, Africa and South America.

Locations: India, United Kingdom, United States, Canada, Australia, New Zealand, South Africa, Germany, France, Italy, Spain, Bengaluru, Mumbai, Pune, Asia, Africa, South America

☆ UBS believes AI story is still in the 'early innings' and these are the stocks to play it
▼ + stars: | 2024-10-29 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

"We believe we are still in the early stages of the AI growth story," UBS equity strategist Sundeep Gantori wrote in a Monday note to clients, noting the launch of ChatGPT in 2022 as an inflection point for AI adoption. "The company should benefit from healthy user engagement, improving monetization of Reels, and longer-term monetization of Instagram and WhatsApp offer longer-term opportunities," UBS wrote. Moving forward, UBS sees a favorable risk/reward profile for the name, citing steady iPhone growth and strong growth in its services, among others, as catalysts. UBS thinks this early adopter of AI applications is still "well placed" to benefit from use cases that are relevant to the industry. "While we agree that rising competition will result in some subscriber churn, we expect Netflix to continue to report strong growth globally."

Persons: Sundeep Gantori, Gantori, AAPL, INTC Organizations: UBS, Nvidia, Reality Labs, Apple, Intel, Apple Intelligence, Netflix

☆ Wall Street braces for a Trump or Harris presidency. Here's what that means for your portfolio.
▼ + stars: | 2024-10-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, the first of our five-part refresher series on the potential impact Donald Trump and Kamala Harris presidencies could have on US consumers. Business Insider's Matthew Fox detailed how Wall Street sees former President Donald Trump and Vice President Kamala Harris affecting the investment landscape if they win the White House. One of the biggest areas where Harris and Trump differ is their proposed tax policies, which are believed to have big impacts on stocks. AdvertisementTrump's universal tariffs proposal is also viewed as having a big impact. It's a big week for Apple.

Persons: —, Donald Trump, Kamala Harris, Jenny Chang, Rodriguez, Matthew Fox, Harris, Trump, it's, Alyssa Powell, Joe Biden, Steve Sosnick, Neil Dutta, Goldman Sachs, Morgan Stanley, Rebecca Zisser, Elon Musk, James Yates, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Getty, BI, White, Bank of America, Interactive Brokers, JPMorgan, Twitter, Elon, Apple, Apple Intelligence, iOS, Venture, Ford Motors, MLB, LA Dodgers, New York Yankees, Forbes Locations: It's, New York, London, Chicago

☆ Buehler, Dodgers one win away from World Series title after stifling Yankees: Takeaways
▼ + stars: | 2024-10-28 | by ( Fabian Ardaya | Tyler Kepner | ) www.nytimes.com time to read: +8 min

They applied more pressure early in Game 3, and now they’re a victory away from winning the World Series. Except when the fastball is playing like it did in the World Series on Monday night. In the first inning, Buehler started Judge with a fastball over the middle that he was late on. New York’s bats go silent once againThe Yankees’ offense has scored seven runs through the first three games of the World Series. The Yankees’ inability to hit the ball over the fence like the Dodgers have so far is one of the reasons they’re down 3-0 in the World Series.

Persons: Fabian Ardaya, Tyler Kepner, Chris Kirschner, Brendan Kuty, Freddie Freeman, Walker, —, Aaron Judge, Francisco Lindor, Tommy John, Buehler, Eno, Judge, Luis Rojas, Giancarlo Stanton, Anthony Volpe’s, Teoscar, Stanton, wouldn’t, He’s, Anthony Rizzo, Jose Trevino, Alex Verdugo, They’re, Rojas, Hernández, Fangraphs, Daniel Hudson, Chris Taylor, Freeman, Carlos Rodón, Clarke Schmidt, Kirk Gibson, Barry Bonds, Hank Bauer, Freeman —, Atlanta —, George Springer’s, Schmidt, Aaron Boone, Volpe, Verdugo, he’s, Gleyber Torres, Walker Buehler, Robert Gauthier Organizations: Los Angeles Dodgers, New York Yankees, Dodgers, Yankees, National League, Mets, Atlanta, Yankees Ten, Los Angeles Times, Getty Locations: Bronx

For years, Republican activists have huddled in video meetings to talk about remaking democracy and plan for the election. They successfully lobbied for new state election laws and procedures, diving deep into the intricacies of election regulations. Earlier this year, Ms. Mitchell said she was called by God to shift her attention to the possibility that noncitizens were voting. They were involved in recent attempts to make it easier for State Election Board members to hold up certification while they conduct inquiries into the vote. Ms. Mitchell has talked about a federal elections overhaul should Republicans win the White House and Congress.

Persons: Donald J, Cleta Mitchell, Rebecca Dunn, Richard Uihlein, —, Mark Meadows, Russell T, Trump, Mitchell, Trump’s, John Eastman, I’ve, Donald Trump, badgered, illegals ”, ”, ” Ms, “, ” Patrice Johnson, Mike Johnson, Chip Roy, Ron Armstrong, Richard Silvestri, Matthew Seifried, Seifried, Claire Zunk, Janine Iyer, Elizabeth Ayoub, “ Janine, Johnson, Ned Jones, John Richards Jr, don’t, Jim Womack, Mr, Jones, I’m, we’ve Organizations: Republican, The New York Times, Trump, Network, Republican National Committee, Bradley Impact Foundation, Conservative Partnership Institute, Trump White House, Citizens, Gateway Pundit, Federalist, Republicans, United States, Tea Party, Michigan, Mr, Republican Party, Michigan Fair, North, United Sovereign Americans, American Legislative Exchange Council, White House Locations: America, In Nevada, Georgia, Texas, United, Michigan, Ron Armstrong , Michigan, chimed, Trump, Georgia , Michigan, Nevada, North Carolina

☆ Fraudsters scam famed London cheese company out of $390,000 of cheddar
▼ + stars: | 2024-10-28 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

London CNN —Scammers have stolen more than 24 tons of artisanal cheese from one of Britain’s most famous dairy companies. Celebrity chef Jamie Oliver has appealed to his social media followers to look out for the stolen goods. The post continued: “Over 950 wheels of Hafod, Westcombe, and Pitchfork Cheddar were delivered before the fraud was discovered. Oliver said in a video posted on Instagram: “You’re going to think I’m joking but I’m not - there’s been a great cheese robbery. “Some of the best cheddar cheese in the world has been stolen,” he added.

Persons: London CNN —, ”, Jamie Oliver, Ken McKay, –, Oliver, “, there’s, ” Oliver, Tom Calver, Calver, Trethowan Organizations: London CNN, ITV, Pitchfork, Metropolitan Police, CNN Locations: London, Cheddar, French, Westcombe, France

☆ Harris’ small business pitch resonates in Georgia’s most diverse county. Can it win her the state?
▼ + stars: | 2024-10-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms J-J-_Mccorvey.Jpg | J.J. Mccorvey | ) www.nbcnews.com time to read: +9 min

ATLANTA — The election could be decided in Georgia’s fastest-growing and most ethnically diverse county. Vice President Kamala Harris’ economic pitch has heavily emphasized small-business owners, and those in Gwinnett County — one of the “Decider” counties NBC News is tracking — acknowledge they could use more support. So far, many like what Harris is offering, though some remain undecided just over a week before Election Day. The county is exceptionally diverse, with no single ethnic group comprising more than a third of residents, according to 2020 census data. She also kicked off an “Economic Opportunity Tour” in Atlanta this summer, highlighting the administration’s economic accomplishments for Black communities.

Persons: Joe Biden, Donald Trump, Kamala Harris, Harris, Roberto Correa, Beto’s Tacos, Chris Knowle, Beto's Tacos Roberto Correa, ” Correa, Correa, hasn’t, ”, Fred Hicks, Democratic Sen, Raphael Warnock’s, Elijah Nouvelage, ’, It’s, “, Jerry Parrish, They’ve, Roberto Corea, Tacos Trump, Biden, Laken Riley, ” Trump, Ron Tyler Jr, Tyler, Harris “, Charlamagne, God, Roland Martin, Sharon Catter, Catter, Kris Janovitz, ” Catter, Tad Leithead, Leithead Organizations: ATLANTA, NBC, Democratic, Getty, Gwinnett, Center for American Progress, Metro Atlanta Chamber, University of Georgia, U.S, Trump, Tyler Studios, Payus, Disney, Netflix, Black, Waffle, Microsoft, Target, Quality, Biden Locations: Gwinnett County, Atlanta, Beto’s, Suwanee, Mexico, Georgia, —, AFP, Gwinnett, Duluth, America

☆ Big Tech CEOs are calling up Trump, seeking to rekindle their relationship with former president ahead of Election Day
▼ + stars: | 2024-10-27 | by ( Steve Contorno | Alayna Treene | ) edition.cnn.com time to read: +8 min

The stepped-up push by some of the world’s most influential Big Tech leaders to speak with the former president ahead of Election Day comes amid an exceptionally tight race between Trump and Vice President Kamala Harris. And it’s the latest sign of the greater business community seeking to rekindle a relationship with the former president in anticipation of a potential second term. I don’t want to have him, his administration, going after us,’” a person close to Trump told CNN. “If you look at Google lately, I think you’re going to see they’ve become much more inclined towards Trump,” the former president told conservative radio host Hugh Hewitt. “Let me tell you: All of those companies will be set free, if you have the right president,” Trump said.

Persons: Donald Trump, Tim Cook chatted, Trump, Sundar Pichai, “, ” Trump, Joe Rogan’s, Andy Jassy, Mark Zuckerberg, Kamala Harris, Elon Musk, Musk, ’, Evan Vucci, Jassy, Jeff Bezos, Michael M, Zuckerberg, he’s, Joe Biden’s, ”, Hugh Hewitt, “ They’re, Cook, ” CNN’s Clare Duffy, Kate Sullivan Organizations: CNN —, Trump, Apple, Las, Google, Republican, Amazon, CNN, Meta, Big Tech, Mar, Department of Justice, Silicon, Washington Post, Getty, Associated Press, titans, Facebook, Biden’s Department of Justice, Economic, of Chicago, European Union Locations: Europe, Las Vegas, Pennsylvania, Butler , Pennsylvania, New York City, Austin , Texas, Menlo Park , California, Harris

☆ UFC CEO Dana White wants to fix the sport's ranking system, and has asked Mark Zuckerberg for help.
▼ + stars: | 2024-10-27 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

UFC CEO Dana White wants to change the sport's ranking system. White said he talked to Mark Zuckerberg about how artificial intelligence could help. AdvertisementMeta CEO Mark Zuckerberg could help improve the UFC's ranking system, which has become a point of contention for UFC CEO Dana White. The ranking system is generated by a voting panel comprised of media members from select outlets. White has criticized the UFC's ranking system in the past, including during a press conference earlier this month.

Persons: Dana White, White, Mark Zuckerberg, Zuckerberg, —, Ilia Topuria, Max Holloway, David Zalubowski, Joe Rogan, Khai Wu, Elon Musk Organizations: Service, UFC, TNT Sports, Saturday, Meta, Business Locations: Abu Dhabi

☆ For the World Series, Fans Found Creative Ways to Reach Dodger Stadium
▼ + stars: | 2024-10-27 | by ( Frank Rojas | ) www.nytimes.com time to read: +1 min

But navigating the city without a car is not impossible. Anticipating the crush of fans heading to Dodger Stadium, Metro Los Angeles posted a video on X of how to reach the stadium from the Chinatown station on foot. The path has been a staple for locals and Dodger fans alike over the years. There is also L.A.’s metro bus — known by many as “the Dodger bus” — which offers fans free rides from Union Station with proof of a game ticket. “Everyone in L.A. was complaining about the Metro being way too difficult and the 25-minute walk,” said Mr. Wechsler.

Persons: ”, Wechsler, Mitch Hammock, Breanna Scott Organizations: Dodger, Metro Los, Station, Metro Locations: L.A, Metro Los Angeles, Chinatown, Elysian, Westlake, Angelino, Santa Monica

In the relatively affluent Milwaukee suburbs of Waukesha County, Wisconsin, Rochelle Gamauf said each week she is seeing new faces at her food pantry, Friends With Food, which she started during the pandemic. The organization has gone from giving out around 420,000 pounds of food in 2022 to over a million pounds in 2023. “I’m seeing people that have never visited a food pantry in their life,” Gamauf said. In Michigan, Phil Knight, executive director of the Food Bank Council of Michigan, said he’s also seeing more regulars. Even then, he said there are times when they run out of food with hundreds of people still in line.

Persons: Ken Estelle, “, ”, Estelle, “ We’ve, Joe Arthur, —, Donald Trump, Kamala Harris, Harris, Trump, Rochelle Gamauf, ” Gamauf, “ It’s, Arthur, “ We’re, ” Arthur, Melody McCurtis, she’s, McCurtis, Heidi Gould, ” Gould, Gould, Phil Knight, he’s, That’s, Gamauf Organizations: America, Central Pennsylvania Food Bank, ”, Jewish Community, Food Bank Council of Locations: Michigan, America West Michigan, Pennsylvania, Wisconsin, ” Michigan, Milwaukee, Waukesha County , Wisconsin, Lancaster County, Dauphin County, Harrisburg, Metcalfe, Food Bank Council of Michigan, Dairy State, Waukesha

☆ Cruise lines are having a moment as a popular — and cheaper — alternative to hotels
▼ + stars: | 2024-10-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Royal Caribbean is set to release its quarterly results on Tuesday, followed by Norwegian Cruise Line Holdings ' report on Wednesday. That means the cruise lines may have more room to grow, she said. "The wider that gap, the better the opportunity for the cruise lines to have upside," Farley said in an interview with CNBC. However, Scholes said his research shows that out of the three major cruise lines, the Carnival brand is facing the most pricing competition from private cruise operator, MSC. Stock Chart Icon Stock chart icon Norwegian Cruise Lines stock year to date

Persons: Marco Bello, Patrick Scholes, Hilton, Christopher Nassetta, industry's, Brandt Montour, Montour, Josh Weinstein, CNBC's, Robin Farley, Farley, Truist's Scholes, Scholes, It's, Caribbean's Organizations: Port, Afp, Getty, CNBC, Wednesday, Barclays, Royal, Cruise Line Holdings, UBS, Orlando, Vegas, Royal Caribbean, Bloomberg, Royal Caribbean's, Citi, Cruise Lines Locations: Port of Miami, Miami , Florida, Caribbean, Royal Caribbean, 200bps, PortMiami, Norwegian

☆ Witchcraft isn’t all broomsticks or cauldrons. How real witches make magic
▼ + stars: | 2024-10-26 | by ( Scottie Andrew | ) edition.cnn.com time to read: +8 min

But witchcraft, to Green, isn’t about finding answers to life’s big questions (or death’s, for that matter). “Knowing is overrated.”The way Green practices witchcraft defies stereotypes of broomstick-wielding, cauldron-toting, pointy-hatted witches. The traits others might find strange only strengthen one’s witchcraft, Green said. As long as your intentions are clear and your mind is open, you can become a witch, Samayoa said. “Taking care of yourself is better for your witchcraft.”Both witches said that practicing witchcraft is healing, even if the process remains unfinished.

Persons: Green, they’re, he’s, ”, ” Green, He’s, “ We’ve, It’s, Andrea Samayoa, wasn’t, Samayoa, — Green, WitchTok, Pam Grossman, Agatha, “, they’ve, you’re Organizations: CNN Locations: Northern, Green’s, Green, Tampa, Hurricane Milton

☆ A notorious market bear who called the 2000 and 2008 crashes shares 3 signs it's a terrible time to invest in the S&P 500 — and warns stocks are due to underperform Treasurys by 10% over the next 12 y
▼ + stars: | 2024-10-26 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

John Hussman warns of poor S&P 500 returns over the next 12 years. Current expectations have the S&P 500 underperforming Treasurys by 9.9% annually over the next 12 years. But valuations are causing skepticism about future market returns among others on Wall Street, even if not to the same degree. Related storiesEarlier this week, Goldman Sachs forecast that the S&P 500 would average 3% annual returns over the next decade. His Strategic Growth Fund is down about 55% since December 2010 and has fallen 16% in the past 12 months.

Persons: John Hussman, —, you'll, you'd, Hussman, Hussman's, it's, Goldman Sachs, It's Organizations: Treasurys, Service, Hussman Investment Trust

☆ Freddie Freeman’s walk-off grand slam lifts Dodgers past Yankees in Game 1 of World Series
▼ + stars: | 2024-10-25 | by ( Andy Mccullough | ) www.nytimes.com time to read: +8 min

After his final swing in a 6-3 victory over the New York Yankees in Game 1 of the World Series, he only had to trot. He swatted a 10th-inning walk-off grand slam on Friday night, a slight improvement on Gibson’s legendary walk-off in Game 1 of the 1988 World Series. Dodgers starter Jack Flaherty kept the Yankees off the board until Giancarlo Stanton hit a monstrous, two-run homer in the sixth. The season of “Fernandomania” coincided with the last time the Dodgers and Yankees met in the World Series. The lumber landed on the World Series logo.

Persons: Freddie Freeman, Freeman, Kirk Gibson, Aaron Boone, Nestor Cortes, Cortes, Gerrit Cole, Jack Flaherty, Giancarlo Stanton, Ohtani, Mookie Betts, Betts, Aaron Judge, Juan Soto, Goliath, Fernando Valenzuela, Valenzuela, Scully, El, ”, Flaherty, Cole, Flaherty extricated, Soto, Tommy Edman, Anthony Volpe, Austin Wells, Alex Verdugo, Max Muncy corralled, Gleyber Torres, Kiké, Hernández, Soto’s lunge, scampered, Will Smith, Stanton, Dave Roberts, Stanton whiffed, GIANCARLO STANTON, sSVXe5QMW3, Tommy Kahnle, Kahnle, Torres, Michael Kopech, Roberts, Blake Treinen, Treinen, Harry Organizations: ANGELES, Dodger, New York Yankees, Los Angeles Dodgers, Yankees, Dodgers, New York Mets, Los, Mets, Cleveland, MLB, American League Locations: Los Angeles, Juan Soto for New York, El Toro, Valenzuela, Orange County, Soto, Stanton

☆ Interview: Salesforce CEO Marc Benioff bashes Microsoft as generative AI threatens his company's CRM lead
▼ + stars: | 2024-10-24 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +7 min

In a Business Insider interview this week, he let loose again, blasting Microsoft's Copilot AI assistant, while touting the Salesforce AI agents that are rolling out soon. In the interview with BI, Benioff focused on Salesforce's continued lead in the CRM market, rather than Microsoft's creeping gains. Generative AI may change CRMGenerative artificial intelligence may be a new challenge to Salesforce and especially its lead in CRM software. He cited CRM software, which replaced the physical Rolodex and helped salespeople keep in better touch with their contacts. It helps companies create their own AI agents to assist with tasks such as customer service and sales.

Persons: —, Marc Benioff isn't, Benioff, Copilot, Salesforce's, Rishi Jaluria, salespeople, Salesforce, Jaluria, It's, Morgan Stanley, Einstein, Agentforce Organizations: Microsoft, Salesforce's, Service, IDC, RBC Capital Markets

Both companies see massive potential for the technology, with a grand vision for AR glasses to usurp smartphones as the next generation of computing. Microsoft has also invested in AR technology for well over a decade, launching its HoloLens headset for enterprise in 2016. While Snap and Meta have debuted AR prototypes, they're still years away from selling those devices to consumers. Snap similarly plans to invest in building out its ecosystem, renting its AR glasses to developers who commit to paying $99 a month for a year for the Spectacles. Watch the video as CNBC's Julia Boorstin tries Meta and Snap's augmented reality glasses and explores the future of this cutting-edge tech.

Persons: Mark Zuckerberg, Evan Spiegel, Chris Cox, CNBC's Julia Boorstin, Apple, Tuong Nguyen, Gartner, they're, Zuckerberg, We're, We've, Spiegel, Boorstin, Julia Boorstin Organizations: Google, Microsoft, Meta

☆ 4 ways to add gold to your portfolio as investors pile in and send prices to record highs
▼ + stars: | 2024-10-24 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Below, two gold experts share four ways investors can add gold to their portfolios. AdvertisementIn general, physical gold is a less liquid way to own the asset and is quite costly. Synthetic gold ETFs don't hold physical gold, investing instead in gold derivatives such as futures and options. In Milling-Stanley's opinion, investing in mining stocks instead of directly investing in gold erodes some of the metal's portfolio protection, as mining stocks behave more in line with the general equity market. Royalties limit the holder's exposure to the risks associated with directly investing in mines, such as exploration, development, and regulatory compliance.

Persons: —, Jeff Muhlenkamp, they'll, George Milling, Stanley, Muhlenkamp Organizations: Service, Costco, Muhlenkamp & Company, State Street Global Advisors, Trust, MiniShares, Mining, Eagle Mines, Newmont Mining Corp, Wheaton Precious Metals Locations: Franco, Nevada

☆ A loneliness epidemic is spreading worldwide. Seoul is spending $327 million to stop it
▼ + stars: | 2024-10-24 | by ( Jessie Yeung | ) edition.cnn.com time to read: +8 min

CNN —Every year, thousands of South Koreans – mostly middle-aged men – die quietly and alone, cut off from their family and friends. “Loneliness and isolation are not just individual problems, but tasks that society must solve together,” Seoul mayor Oh Se-hoon said in a news release. The phenomenon, known by the Japanese term “hikikomori,” has become increasingly common; South Korea had up to 244,000 such recluses in 2022 by one estimate. A Buddhist nun and staff of Good Nanum hold the name tablets of three deceased people before their cremation on June 16, 2016 in Goyang, South Korea. However, when asked about what makes them feel lonely, “there are some differences compared to other countries,” she said.

Persons: –, hoon, ”, Soo, Myongji University – cautioning, Nanum, Jean Chung, “, they’re, Anthony Wallace, … Organizations: CNN, Koreans, Myongji University, Ministry of Health, Getty, Government, Prevention, Management, Korea isn’t, United, World Health Organization Locations: Seoul, Korea, South Korea, Goyang, “, South Koreans, South, AFP, Japan, United Kingdom

☆ Top 45 MLB free agents for 2024-25 with contract predictions, team fits: Will Soto get $600M+?
▼ + stars: | 2024-10-24 | by ( Jim Bowden | ) www.nytimes.com time to read: +48 min

MLB free agency is almost here so it’s time for my annual ranking of the top free agents with contract predictions and the best team fits for each player. Best team fits: Dodgers, Yankees, Mets, Diamondbacks, Red SoxSalary comps: NoneContract prediction: Minor-league contract4. Several teams have early interest in Walker, with the Astros and Mariners being the best early team fits. Best team fits: Padres, Rangers, Dodgers, Orioles, Guardians, MetsSalary comps: N/AContract prediction: None at this time19. Best team fits: Yankees, Mariners, Diamondbacks, BrewersSalary comps: Anthony Rizzo (2 years, $40M); Josh Bell (2 years, $33M)Contract prediction: 1 year, $15 million42.

Persons: Juan Soto, Corbin Burnes, Blake Snell, Max Fried, Roki Sasaki, Pete Alonso, Anthony Santander, Christian Walker, Alex Bregman, I’ve, He’s, Aaron Judge, Bobby Witt Jr, Soto, Mike Trout, Mookie Betts, Cy Young, Burnes, Stephen Strasburg, Jacob deGrom, Aaron Nola, Roki, Sasaki, he’s, Gerrit Cole, Cole, Cole won’t, Will, Brett Davis, They’ll, Carlos Rodón, Patrick Corbin, Tyler Glasnow, Pete, Matt Olson, Nolan Arenado, Kris Bryant, Carlos Correa, George Springer, Matt Chapman, Nolan Arenado’s, Dana Brown, Xander Bogaerts, Snell, —, José Berríos, Sonny Gray, Freddy Peralta, Peralta, Anthony, Shohei Ohtani, Tommy Gilligan, Brandon Nimmo, Willy Adames, Corey Seager, Andrew Friedman, Adames, Dansby Swanson, Javier Báez, Trevor Story, Marcell Ozuna, Ozuna, Walker, Paul Goldschmidt, Anthony Rizzo, Cody Bellinger, Cody Bellinger didn’t, Bellinger, Nick Castellanos, Kyle Schwarber, Shane Bieber, Tommy John, Bieber, Sean Manaea, Brad Penner, Manaea, Hyun Jin Ryu, Eduardo Rodriguez, Chris Bassitt, Miles Mikolas, Jack Flaherty, Flaherty, NL Cy Young, Lance McCullers Jr, Mitch Keller, Pablo López, Kyle Hendricks, Tomoyuki Sugano, Sugano, Michael Wacha, Jameson Taillon, Jon Gray, Nathan Eovaldi, Seth Lugo, Teoscar Hernández, Jayne Kamin, Teoscar, Hernández, Starling Marte, Jorge Soler, Walker Buehler, Buehler, Tanner Scott, Raisel Iglesias, Robert Suarez, Jurickson, Profar, Mitch Haniger, Lourdes Gurriel Jr, Michael Conforto, Eugenio Suárez, Suárez, Chris Taylor, Max Muncy, Jordan Montgomery, Wasserman, Ken Kendrick, Montgomery doesn’t, Seong Kim, Mike Shildt, Kim, J.P, Crawford, Jeff McNeil, Nico Hoerner, Orlando Arcia, Gleyber Torres, Torres, Tyler O’Neill, Bob DeChiara, Cody Bellinger —, O’Neill, Andrew Benintendi, Ian Happ, Yusei Kikuchi, Kikuchi, Tyler Anderson, Brandon Lowe, Lowe, Brandon Drury, Jorge Polanco, Nick Martinez, Martinez, Charlie Morton, Frankie Montas, Joc Pederson, Rhys Hoskins, Mitch Garver, Justin Turner, Charlie Blackmon, Carlos Estévez, Gregory Fisher, Estévez, Dave Dombrowski, Jeff Hoffman, Kendall Graveman, José Alvarado, Joe Jiménez, Ryan Pressly, Taylor Rogers, Luis Severino, Zach Eflin, Lucas Gioloto, Marcus Stroman, Reynaldo López, Jose Quintana, Tyler Mahle, Blake Treinen, Emilio Pagán, Wandy Peralta, Alex Verdugo, Mark Canha, Manuel Margot, Hunter Renfroe, Jose Iglesias, Chris Sale, Iglesias, Isiah Kiner, Miguel Rojas, Goldschmidt, Josh Bell, Hoskins, Hoffman, Matt Strahm, Chris Martin, Matthew Boyd, Boyd, Lance Lynn, Kyle Gibson, Clay Holmes, Luke Weaver, Dan Goldfarb, Mary DeCicco, Daniel Shirey Organizations: MLB, eventual, The Athletic, Baseball, OF, Boras, Yankees, American League, New York, Blue Jays, Dodgers, Phillies, Rangers, Nationals, Mets, Orioles, Red Sox, Chiba Lotte Marines, NPB, Diamondbacks, Angels, Kansas City, Braves, FIP, Star, Mariners, Astros, Giants, Rockies, Cardinals, Cy Young, Brewers, Milwaukee, Anthony Santander, RF, Santander, Reds, Adames, Rays, Cubs, Pirates, Cy, Guardians, Padres, Tigers, NL Cy, Twins, Yomiuri Giants, of Famers, Royals, Excel, Marlins, NL, The Diamondbacks, Montgomery, Sox, Tampa Bay, White Sox, Atlanta, Talent Sports, Apex, Athletics, Getty Locations: Bronx, Japan, New York, Houston, Walker, Seattle, Bledsoe, Tampa, Philadelphia, Fiume

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