DIRS.INFO The most relevant business & tech news

☆ Here are Monday's biggest analyst calls: Apple, Meta, Rivian, Nvidia, Amazon, U.S. Steel, FedEx & more
▼ + stars: | 2023-10-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Goldman Sachs adds Nvidia to the conviction buy list Goldman said the stock is well positioned to benefit for AI. UBS initiates Sunnova as buy UBS said the solar company is best positioned to take share. Morgan Stanley upgrades U.S. Steel to overweight from equal weight Morgan Stanley said in its upgrade of the steel stock that the transformation continues. UBS reiterates Amazon as buy UBS raised its price target on Amazon to $180 per share from $175 and says it's bullish on ads in Prime video content. Morgan Stanley reiterates TJX Companies as overweight Morgan Stanley said it's sticking with its overweight rating after a meeting with company management.

Persons: Goldman Sachs, Goldman, bullish, Evercore, RIVN, Gordon Haskett, Piper Sandler, Piper, Jefferies, Truist, Wells, ROY, SolarEdge, Morgan Stanley, Davidson, CLX, it's Organizations: Nvidia, UFC, WWE, UBS, NOVA, Susquehanna, FedEx, Meta Connect, Microsoft, Barclays, JPMorgan, Apple, Steel, Bank of America, NSC, Amazon, TJX Companies Locations: PODD, GLP, 3Q23, 2Q23, 1Q23, 4Q23, Europe, Bank of America downgrades Norfolk Southern

☆ AI deals give investment banks a glimmer of hope
▼ + stars: | 2023-09-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

About a third of all M&A deals in the first half of 2023 were technology deals, and a lot of that was related to AI, said Berlin. The success of these deals mean more M&A is likely on the horizon, said Dan Ives, a tech analyst at Wedbush. Costco members now have access to $29 online health care visitsCostco is known for its giant tubs of mac and cheese, cheap hotdogs and more-for-less warehouse deals. The retailer is offering the new service in partnership with Sesame, a direct-to-consumer health care marketplace that connects medical providers nationwide with consumers. Costco is among several retailers, including Amazon, CVS and Walgreens, who are directly providing health care to customers as the demand booms for urgent care access outside of a traditional hospital setting.

Persons: CNN —, Goldman Sachs, Goldman, ” Goldman, David Solomon, Instacart’s, ”, Mitch Berlin, “ You’re, Dan Ives, ” Ives, Taavon Naja, Ramishah Maruf, Parija Kavilanz, Sesame Organizations: CNN Business, Bell, CNN, Wall, Companies, Renaissance, Nasdaq, Cisco, Wedbush, of Foreign, Control, Costco, Costco Pharmacy’s, Amazon, CVS, Walgreens Locations: Americas, Berlin, Iran, Switzerland, United States, PFAS, New York

☆ Ray Dalio says AI will greatly disrupt in our lives within a year—you should be both excited and scared of it
▼ + stars: | 2023-09-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Billionaire investor Ray Dalio is sure that artificial intelligence will soon be a "great disruptor" in all of our lives — for both better and worse. "All these changes are going to happen in the next five years," Dalio, the founder of hedge fund giant Bridgewater Associates, added. I mean that you're going to see [changes] next year ... the next year, [even bigger] changes. That could open up a lane of opportunity for workers, who can learn and use AI skills to make some extra cash. Whether you're excited, curious or flat-out scared, "now would be the time to increase your knowledge," she added.

Persons: Ray Dalio, Dalio, ChatGPT, they're, Susan Gonzales, Gonzales Organizations: Bridgewater Associates, Alliance, Television Producers, CNBC

☆ Using poker to train for business success will be a 'market disruptor': Peak6 Founder Jenny Just
▼ + stars: | 2023-09-11 | 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 EmailUsing poker to train for business success will be a 'market disruptor': Peak6 Founder Jenny JustJenny Just, Peak6 Investments Co-Founder, joins 'Closing Bell Overtime' to talk the fintech space, business applications for poker and more.

Persons: Jenny Just Jenny Just Organizations: Peak6 Investments

☆ Flexport rescinds dozens of job offers amid messy executive shakeup
▼ + stars: | 2023-09-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —Flexport founder Ryan Petersen said his supply chain management firm would rescind dozens of job offers just days before many applicants were scheduled to start work — a move that followed a dramatic leadership shakeup this week. “I am deeply sorry to those people who were expecting to join our company and won’t be able to at this time,” Petersen wrote on X, formerly Twitter, on Friday. Can’t just give out cash tho.”A Flexport spokesperson said the company didn’t have additional comment beyond Petersen’s tweets. The rescinded offers came at the end of a wild week for the San Francisco-based firm, which Petersen founded in 2013. In a 2023 company post, he explained his interest in angel investing and in joining Thiel’s Founders Fund as a partner.

Persons: New York CNN — Flexport, Ryan Petersen, “, won’t, ” Petersen, “ It’s, ”, Flexport, Can’t, Petersen, Andreessen Horowitz, Sofbank, Peter Thiel’s, Donald Trump, he’s, Dave Clark, Clark Organizations: New, New York CNN, San, Bay Area, Thiel’s, Fund, Carta, Amazon, Flexport Locations: New York, San Francisco, Silicon, Bay

Ryan Petersen, chief executive officer of Flexport, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 4, 2022. In a post on X, formerly known as Twitter, Petersen wrote that the company "can't just give out cash." In reclaiming the top position at Flexport, Petersen is displacing his handpicked successor, former Amazon executive Dave Clark, a little more than a year into his tenure. It's messed up," Petersen wrote. "We were on it," Petersen wrote in response to a post.

Persons: Ryan Petersen, Petersen, Dave Clark, It's, that's, Andreessen Horowitz, Peter Thiel's, Clark, Teresa Carlson, Clark's, Carlson, Flexport didn't Organizations: Milken Institute Global Conference, Twitter, Amazon, Fund, Microsoft, Flexport Locations: Beverly Hills , California, U.S, Flexport, Bay, CNBC's, Seattle, Dallas, San Francisco , Los Angeles, New York

☆ Startup investors are fueling a boom in U.S. defense tech as China standoff opens doors at home
▼ + stars: | 2023-09-07 | by ( Lauren Feiner | ) www.cnbc.com time to read: +11 min

Louie added that he doesn't "know of a single major fund out there that isn't thinking about disruptive tech investing in the U.S., investing in defense tech, investing in microelectronics and AI in the next generation and next iteration." Stephen McCarthy | Sportsfile | Getty ImagesVC funding in aerospace and defense tech has shot up in recent years, according to data compiled by PitchBook for CNBC. The poster child for U.S.-focused defense tech is Anduril Industries, co-founded in 2017 by Oculus Rift designer Palmer Luckey. They can just look at the untapped potential in defense tech. "The government's becoming a better customer," said Shah, who previously served as managing partner of the Defense Department's Defense Innovation Unit, which seeks to accelerate the use of emerging technologies.

Persons: Hadrian, Chris Power Hadrian, Joe Biden, Gilman Louie, Alsop, Louie Partners, He's, Louie, Biden, Lindsay Gorman, she's, Gorman, Chris Power, Power, Hadrian's, Peter Thiel's, Palmer Luckey, Stephen McCarthy, Sportsfile, Anduril, Richard Jenkins, Bilal Zuberi, Lux, Zuberi, Jenkins, Saildrone didn't, Paul Kwan, Catalyst, What's, Kwan, Kyle Harrison, Saul Loeb, Raj Shah, Josh Wolfe, There's, Shah, Wolfe Organizations: Chris Power Hadrian Automation, America's Frontier, U.S, Marshall Fund's Alliance, Securing Democracy, Lux Capital, Fund, Andutil Industries, Enercare Center, Getty, PitchBook, CNBC, Industries, Oculus, Blue Force Technologies, Oceanic, Atmospheric Administration, Navy, Coast Guard, Google, Intel, AFP, Shield, Lux, Defense Department's Defense Innovation Unit, Power, YouTube, China Locations: China, U.S, America, Torrance , California, Los Angeles, Toronto, Canada, Ukraine, New Albany , Ohio, Silicon

☆ Shelton hopes to play disruptor against Djokovic
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] Ben Shelton of the U.S. reacts during his quarter final match against Frances Tiafoe of the U.S. at the U.S. Open in Flushing Meadows, New York. The 20-year-old will need all of his weapons on Friday if he is to stand a chance in his first meeting with Djokovic. "I think that it's an advantage with my game style, playing someone who's never played me before," Shelton told reporters. "I think that I can bring some things to the table that maybe you don't see in your normal match that you play on the ATP Tour. "I think whenever you play somebody for the first time and someone who has been in this situation so many times and come out victorious so many times, that's in the back of your head," Shelton said.

Persons: Ben Shelton, Frances Tiafoe, Mike Segar, Ben Shelton's, Novak Djokovic, disruptor, Shelton, Bryan Shelton, Arthur Ashe, Djokovic, who's, Margaret Court's, Shrivathsa Sridhar, Peter Rutherford Organizations: U.S, REUTERS, ATP, Thomson Locations: Flushing Meadows , New York, American, Flushing Meadows, Bengaluru

Flexport CEO Dave Clark is resigning from the supply chain software startup and handing the reins over to founder and executive chair Ryan Petersen after one year in the role — and after just six months of helming the company solo. As such, I will be resigning from my position at Flexport." Clark and Petersen had been co-CEOs of Flexport beginning last September, and Clark took over as the company's sole CEO in March. Flexport announced last June that Petersen would step down in March 2023 as CEO and turn the position over to Clark, while transitioning into the role of executive chair. In July, Flexport said Petersen would join Founders Fund, the venture capital fund founded by billionaire Peter Thiel.

Persons: Dave Clark, Ryan Petersen, Ryan, Clark, Petersen, Flexport, Peter Thiel ., — CNBC's Riley de León Organizations: CNBC, Wall Street, Amazon, Founders Fund, Peter Thiel . Representatives, Fund Locations: Flexport, Texas, Clark

☆ Container ships are waiting at Asian ports as retailers struggle to shift excess stock
▼ + stars: | 2023-08-25 | by ( Lucy Handley | ) www.cnbc.com time to read: +5 min

As firms making goods from apparel to electronics hold excess stock, there's less of a demand to ship products. This means some vessels are waiting in ports because of sailings being "blanked," or canceled. "We are arranging a contingency plan with alternative services," MSC added. "If you fly to Singapore, you'll see all these ships outside the port … A lot of ships are parked there waiting till there are better yields," he added. Excess stockFlexport, which is at 10th place in CNBC's Disruptor 50 list, regularly surveys customers on how much stock they're holding.

Persons: Andrew Merry, It's, Sanne Manders, there's, Manders, Bernstein, Niels Rasmussen, Rasmussen, it's, Simon Heaney, Heaney Organizations: MSC, CNBC, CMA CGM, Maersk, Baltic and International Maritime Council, Shanghai Shipping Exchange, Blank, Drewry Locations: Singapore Strait, Asia, Europe, —, Singapore, East, North Europe, CNBC's

☆ Opinion: Hitting the gym or going to yoga? Your workout clothes could be doing more harm than you realize
▼ + stars: | 2023-08-16 | by ( Opinion Alden Wicker | ) edition.cnn.com time to read: +13 min

BPA is an endocrine disruptor, meaning that it mimics or interferes with the body’s hormones. It governs weight management and your energy levels, not to mention your skin’s appearance and your ability to fend off illness. Others have tried to argue that some of the chemicals in clothing fell within the legal and regulatory limits. The signs that something is very, very wrong with our reproductive health and endocrine systems are myriad. After all, you might be undoing the benefits of hitting the gym every day when your workout clothes could be doing so much damage to your health.

Persons: Alden Wicker, Athleta, Alden Wicker Alden Wicker, There’s, bisphenol, Ashley Eskew, “, Thinx, ” Dr, Laura Vandenberg, Down, ”, Shanna, Dr, Graham Peaslee, PFAS, Swan, lipsticks, ‘, ” Eskew, Eskew Organizations: New York Times, Vox, Wired, CNN, Center for Environmental Health, Nike, IKEA, Canadian Broadcasting Corporation, CBC, US Environmental Protection Agency, Industry, University of Massachusetts Amherst, of Environmental Health Sciences, Notre, Twitter Locations: Putnam, California, Patagonia, ” North Carolina, Spain

Amazon, the United States' second-largest employer, will now offer fertility and family planning services to employees through a partnership with Maven Clinic. The free offering will be available to more than 1 million eligible Amazon employees spread across 50 countries outside of the U.S. and Canada. The addition of Amazon to the company's partnership portfolio means an increase of about 7% in patients under Maven's care. The continued challenges around reproductive health care in the U.S. highlights why there has been strong corporate interest in partnering with Maven. What's more, a survey by Maven revealed that 71% of companies are considering adding or have added reproductive health benefits in the wake of the decision.

Persons: Maven, Oprah Winfrey, Mindy Kaling, Natalie Portman, Reese Witherspoon, Roe, Wade Organizations: Maven Clinic, Amazon, Maven, OB, CNBC Disruptor, CVS Health Ventures, Intermountain Health's VC, Microsoft, L'Oreal Locations: United States, Canada, America, U.S

☆ Taylor Swift is doing 6 shows in LA for her Eras tour. Mini-residencies could be her smartest business decision yet.
▼ + stars: | 2023-08-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Taylor Swift's Eras Tour is set to break records, with some estimating it could gross $1.4 billion. Swift is set to take home hundreds of millions of dollars — and "mini-residencies" will help. There's no arguing that, when it comes to her Eras tour, Taylor Swift is polishing up real nice. This will likely be an immensely profitable tour for Swift no matter what, but thanks to one key business move, she's set to make even more. "The totality of Taylor Swifts' U.S. tour could generate $4.6 billion in total consumer spending, larger than the GDP of 35 countries," the Common Sense Institute estimated.

Persons: Taylor, Swift, She's, Taylor Swift, she's, Nathan Hubbard, Harry Styles, Hubbard, That's, wouldn't Organizations: Swift, Ticketmaster, Firebird, Kia Forum, Las, Federal Reserve, Pitchfork, Taylor Swifts Locations: Los Angeles, Toronto, San Diego, Ottawa, New, Covid, Las Vegas, Louis, Phoenix, Nashville, Chicago, Kansas City , Missouri, Philadelphia, U.S

☆ Fanatics and competitor Panini launch legal battle with a pair of lawsuits
▼ + stars: | 2023-08-07 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

The dispute comes down to licensing rights for professional sports league and their associated trading cards: Panini currently has the league and player union licenses to produce trading cards for the NBA and NFL. It's held those exclusive rights since 2009 and 2016, respectively. In its antitrust suit against Fanatics, Panini alleged that "Fanatics positioned itself to drive Panini and other potential competitors out of the market, and erected barriers to entry blocking their return." Fanatics claims Panini "embarked on a protracted, unlawful, and deceitful campaign of unfair trade practices, strong-arm tactics, and tortious misconduct to hamper Fanatics Collectibles' nascent business, in the hopes that it could force Fanatics Collectibles to pay an extortionate amount for Panini to terminate its licenses early." The move also helped to terminate a SPAC merger for Topps after it lost the MLB rights.

Persons: Brandon Igdalsky, Panini, countersued, It's, Silver Organizations: NASCAR, Pocono, Sports, NBA, NFL, Panini, International Olympic, MLB, Topps, Endeavor Group, Insight Partners, CNBC Disruptor Locations: Long Pond, PA

☆ If Elon Musk understood anything about China, he'd know his attempt to make X a super app like WeChat is doomed to fail
▼ + stars: | 2023-07-31 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +7 min

Elon Musk thinks turning X into an everything app like WeChat could make the company profitable. Elon Musk may be going all in with his plan to turn X into an everything app in the vein of China's WeChat. In fact, Musk gave us all some insight into what X might one day look like when he expressed his admiration for China's everything app, WeChat, last summer. We don't have anything like that outside of China," Musk continued. Even foreigners would be hard pressed to make their way around China without using the WeChat app to make simple purchases.

Persons: Elon, Musk, WeChat, HECTOR RETAMAL, he's, —, Feng Kaihua, Tencent, China's Didi Chuxing, doesn't Organizations: Morning, PayPal, Twitter, Getty Images, Facebook, Getty, Netflix, YouTube Locations: China, AFP, Xinhua

☆ Amazon's Whole Foods to triple shelf space for vertical farmer Bowery
▼ + stars: | 2023-07-25 | by ( Ophelia Anwah | ) www.cnbc.com time to read: +3 min

Bowery, a vertical farming company that grows crops indoors, is getting more shelf space at Amazon 's Whole Foods, with a deal to triple the stores stocking its salad kits. Currently, Bowery's salad kits and a selection of greens are carried at 50 Whole Foods Market stores in the Northeast. The deal comes amid challenges for both vertical farming and Amazon's efforts to expand its grocery footprint. The vertical farming industry, meanwhile, has been under pressure, like many formerly high-flying, heavily VC-funded startup niches. According to PitchBook, through the first quarter of 2023, vertical farming deals declined by 91% year-over-year.

Persons: Matt Williams, Zesty Caesar, Balsamic Vinaigrette, romaine, Andy Jassy, Jassy Organizations: Foods, Bowery, CNBC, Walmart, Albertsons, Westside, FreshDirect, Amazon Locations: Northeast, Westside Market, Brooklyn, East Coast, Florida, Virginia, Tennessee , North Carolina, Charlotte, Atlanta, Jacksonville, Miami

☆ How the Middle East is preparing for the post-oil, EV era of transportation
▼ + stars: | 2023-07-20 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +3 min

U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. The Middle East, a region long known for its oil and gas riches, is investing in a new, more sustainable future potentially dominated by electric vehicles. The electric vehicle sector is booming in Israel, with electric vehicle deliveries in the first half of this year over 210% higher than the same period last year. "There's a growing recognition that countries need to do something on climate," said Tammy Klein, chairperson of the Electric Vehicle Council. "I think Middle Eastern countries are no different."

Persons: Larry Fink, Amin Nasser's, Tammy Klein, Klein, Robert Falck, we'll, " Falck Organizations: BlackRock, Saudi, Lucid, Gauss Auto, Marson Group, Electric Vehicle Council, EV, Einride, UAE Ministry of Energy, Infrastructure Locations: Saudi Arabia, Saudi Aramco, Israel, Bahrain, American, U.S, Europe, UAE, Sweden, It's, Abu Dhabi, Dubai, Sharjah

☆ Surging frozen food demand may stress critical cold storage supply chains
▼ + stars: | 2023-07-18 | by ( Andrea Miller | In Dreajmiller | ) www.cnbc.com time to read: +3 min

Virtually all American households purchase frozen food at least once a year, but without resilient cold storage supply chain infrastructure, the growth and safety of the massive $265 billion global frozen food market may be put at risk. In 2022, frozen food sales in the U.S. reached more than $72 billion, according to the American Frozen Food Institute. During the coronavirus lockdowns in 2020, frozen food sales reached more than $65 billion, according to the institute. Approximately 13% of all food produced globally is lost due to poor cold storage supply chains every year, according to a study from Columbia University's Climate School. Watch the video above to learn more about the influence of frozen food, the global cold storage supply chain infrastructure, what it takes to freeze food products and what's next for this growing section of the grocery store.

Persons: Brian Choi, Alison Bodor, Sonia Punwani, Tony Atti, Jeff Rivera Organizations: The Food Institute, CNBC, Food Institute, Cargill Protein North, Columbia University's Climate, Logistics Locations: U.S, Columbia, Michigan

☆ Amazon charts its own course on A.I., leaning on its strengths in cloud and e-commerce
▼ + stars: | 2023-07-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

AI in advertising Amazon is not only differentiating its gen AI strategy by leveraging the cloud, but it's also incorporating AI in e-commerce to support its ad business. Amazon Prime Day Amazon Prime Day, the global shopping event that attracts consumers seeking huge cost-saving deals, on a variety of products will be held July 11 and 12 in 24 countries. Coupled with the cloud, e-commerce is the other big piece of what Amazon is all about. The 48-hour event is expected to bring in $8 billion in U.S. e-commerce sales, according to data by Insider Intelligence. Still, Insider Intelligence data shows Amazon Prime Day e-commerce sales will surpass that of competing retailers.

Persons: Andy Jassy, Scott Devitt, Devitt, Andrew Lipsman, it's, Lipsman, Sellers, Gene Munster, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon Web Services, CNBC, Amazon, Microsoft, Nvidia, AWS, Insider Intelligence, Google, Deepwater Asset Management, Intelligence, Amazon CNBC Locations: U.S

☆ MLB All-Star Game, baseball cards, are first big test of Fanatics livestream shopping experience
▼ + stars: | 2023-07-10 | by ( Ian Thomas | ) www.cnbc.com time to read: +5 min

(Photo by Justin Berl/Getty Images)Fanatics' first livestream shopping event will feature collectors opening baseball trading card packs on the field during this week's Major League Baseball All-Star Game events in Seattle. The sports platform's new business division, which is called Fanatics Live, is centered around live shopping experiences during which users will be able to buy trading cards and other collectibles on the Fanatics Live app while watching streams of hosts and other collector sellers. "Our intention is to have Fanatics Live be the leader in the live commerce space," Bell said. Livestream shopping, which got its start in China and across Asia, has grown into a $512 billion market, according to Coresight Research. Bell acknowledged the challenges for livestream shopping in the U.S. but said he sees them as an opportunity.

Persons: Justin Berl, Nick Bell, Bell, — Bell, —, Chris Lamontagne, Scott Rogowski, Michael Rubin, – Bell Organizations: Pittsburgh Pirates, Milwaukee Brewers, PNC Park, Major League Baseball, Google, Mobile, Research, eBay, Facebook, QVC, U.S, Meta, CNBC Disruptor Locations: Pittsburgh , Pennsylvania, Seattle, U.S, China, Asia

☆ AI hype embellishes Il Makiage IPO
▼ + stars: | 2023-07-06 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

NEW YORK, July 6 (Reuters Breakingviews) - Oddity Tech has a sparkly foundation for its upcoming initial public offering. The Israeli beauty company home to the Il Makiage and SpoiledChild brands is highlighting the artificial intelligence behind its makeup and machine learning algorithms that help consumers pick the right shades. These features should help put a dewy gloss on the valuation before the hype eventually fades. His company sells concealers and eye shadows directly to shoppers online and touts that its technology teams account for 40% of headcount. AI also powers Revela, a biotechnology firm it bought in April that develops new molecules for cosmetics and skincare.

Persons: Boss Oran Holtzman, Revela, It’s, Estee Lauder, Child, Goldman Sachs, Morgan Stanley, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, Nasdaq, Coty, Tech, Allen, Co, Thomson Locations: Israeli, Cava

☆ Tech stocks close out best first half in 40 years, powered by Apple rally and Nvidia boom
▼ + stars: | 2023-06-30 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Apple CEO Tim Cook stands next to the new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. The last time technology stocks had a better first half, Apple was touting its Lisa desktop computer, IBM was the most-valuable tech company in the U.S. and Mark Zuckerberg hadn't been born. It's a startling achievement, given what's happened in the tech industry over the past four decades. Meta and Tesla , which both got hammered last year, have more than doubled in value so far in 2023. Nvidia shares soared 190% in the first half, lifting the 30-year-old company's market cap past $1 trillion.

Persons: Tim Cook, Apple, Mark Zuckerberg hadn't, Zuckerberg, Tesla, OpenAI, Bryn Talkington, CNBC's Organizations: Apple, Apple Vision, Apple Worldwide, IBM, Nasdaq, Microsoft, Silicon Valley Bank, Federal Reserve, Meta, Facebook, Google, Nvidia, Capital Management Locations: Cupertino , California, U.S

☆ SoLo Funds, peer-to-peer loan platform for underserved banking consumers, is expanding to Nigeria
▼ + stars: | 2023-06-29 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +7 min

Expansion to Nigeria, Williams said, is a first step on the path to further international growth. In Nigeria, SoLo Funds has already connected with Paga, a mobile payment company, Platform Capital, an African investing firm based in Nigeria, and Endeavor, an entrepreneurial community network. SoLo Funds users have the opportunity to lend small amounts of money, ranging from $50-$1,000, to peers on the platform. That mission has not come without controversy, and allegations that SoLo Funds is creating a new form of predatory short-term lending. The complexity of lending regulation in the U.S. on a state-by-state basis has prepared SoLo Funds for the equally complex international launch.

Persons: Williams, Elon, " Williams, Rodney Williams, Travis Holoway, We've Organizations: Procter & Gamble, Visa, Intel, Synchrony, CNBC, Aspen Ideas, Platform, Endeavor, Google, NBCUniversal News Locations: Nigeria, Africa, America, Connecticut, California, Washington, United States, U.S, Latin America, Southeast Asia

☆ Wall Street titans including David Rosenberg and Rob Arnott sound off on AI: What they told us about the disruptive technology — from how it will lead to 'permanent displacement' of jobs, to why it's
▼ + stars: | 2023-06-28 | by ( William Edwards | ) www.businessinsider.com time to read: +11 min

AI's impact on the job marketRob Arnott"Every important disruption since the start of the industrial revolution has cost millions of people jobs. Millions of jobs will be lost to those who know how to use AI. "The implications of generative AI on the labor market will be one of upheaval and one of escalating job uncertainty. Are AI stocks in a bubble? Rosenberg"Advancements in AI technology, and its knock-on effects on profitability and productivity, is a legitimate investment thesis.

Persons: David Rosenberg, Rob Arnott, Savita Subramanian, Cam Harvey, Jawad Mian, Jobs, Merrill Lynch, aren't, Rosenberg, Harvey, Arnott, Brad Cornell, Aswath, There's, that's, Savita, –, capex, Mian Organizations: Industries, Investors, Research, Rosenberg Research, North, Bank of America Securities, Duke University, Microsoft, Nvidia, Google, Tech, Software, Services, Professional Services, IT Services Locations: North American, ChatGPT, Asia, Taiwan

☆ Evercore ISI thinks these stocks will benefit the most from the A.I. boom
▼ + stars: | 2023-06-28 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Investors should look to stocks that enhance productivity as companies seek to replace scarce labor with machines, according to Evercore ISI. The chart below includes two stocks Emanuel found for each use case. The stock has surged more than 50% since the start of 2023, rebounding along with other technology stocks after 2022's sell-off. Equinix shares have risen nearly 17% year to date and Evercore ISI expects shares to advance another 8.5%. The stock should also be helped by reshoring trends, as well as its investments in AI and improving labor productivity, Emanuel said.

Persons: Julian Emanuel, Emanuel, Evercore, There's, Zscaler, ZS, Ingersoll Rand, — CNBC's Michael Bloom Organizations: ISI, CNBC Pro Locations: Tuesday's

Search resuls for: "disruptor"

25 mentions found