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☆ AMD shares jump as earnings defy collapse seen at Intel
▼ + stars: | 2023-02-01 | by ( Aditya Soni | ) www.reuters.com time to read: +2 min

Feb 1 (Reuters) - Shares of Advanced Micro Devices Inc (AMD.O) rose nearly 7% on Wednesday after the U.S. chipmaker's upbeat earnings showed that it was making up for a personal-computer slump with gains in the lucrative data center market. The data center market has slowed in recent months due to lower spending from recession-wary businesses, but AMD's faster and smaller chips have allowed it to gain ground on Intel. "AMD can continue to beat Intel in the data center space due to its leading design," said Lucas Keh, semiconductors analyst at Third Bridge. J.P. Morgan pegged AMD's share gain in the server market this year at 5 to 7 percentage points to between 28% and 30%. "First quarter should be the bottom for us in PCs and then grow from there into the second quarter and then into the second half," Su said.

☆ India Budget 2023: Here's what the experts say
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +13 min

"This budget, therefore, has rewritten the rules for financilisation of savings in India, which will induce expenditures rather incentivise savings. LAKSHMI IYER, CEO-INVESTMENT ADVISORY, KOTAK INVESTMENT ADVISORS LTD"India budget 2023 has offered a multi-dimensional view. The 3 Cs which stand out are - Capex increase - consumption boost - capital gains tax status quo. Additionally, the budget has provided significant direct tax benefits to individuals which will help increase disposable income and support spending. The budget keeps in mind the needs of future India while focusing on Artificial Intelligence and machine learning.

☆ What to do when your term life insurance is ending
▼ + stars: | 2023-01-31 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

Almost 20 years ago, the 64-year-old Westfield, New Jersey, resident took out a term life insurance policy, to help cover his family in case the worst happened. Remember there are different types of life insurance on the market, and those with "permanent" versions do not face this conundrum. PURCHASE A NEW TERM POLICYIf your first term policy is winding up, and you are still in excellent health, shop around for a new term policy. "Can you convert the term life policy to a permanent policy?" "If you can obtain long-term care benefits as a rider through another life policy, that may the way to go."

☆ Generative AI is coming for the classroom, whether teachers like it or not. Here's why many in education think it should be embraced rather than shunned.
▼ + stars: | 2023-01-31 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +7 min

Fears of generative AI helping students cheat are rampant, and some school districts are banning it. Instead, educators should think about how generative AI can be used as a classroom learning tool. Insider spoke with multiple AI researchers and academics, startup founders, and education-nonprofit leaders to learn how they're approaching generative AI in the classroom. If used effectively, generative AI tools like ChatGPT can help students develop critical-thinking and problem-solving skills, which are crucial learning outcomes for most teachers. That way, students are actively engaged and wouldn't be able to use generative AI to complete a full assignment, he said.

☆ Tesla confirms DOJ has requested documents on Autopilot, ‘Full Self-Driving’
▼ + stars: | 2023-01-31 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +3 min

“Full Self-Driving” steers the vehicle on city streets, but also may stop for traffic signals and make turns to reach a destination. Tesla said that it’s not aware of any ongoing government investigation that has concluded any wrongdoing occurred. NHTSA first investigated Tesla’s driver-assist technology after reports that Autopilot-engaged vehicles were crashing into emergency vehicles stopped at the scene of earlier crashes. The investigation raises the stakes for Tesla and its claim of self-driving technology. IIHS found that 42% of Tesla Autopilot users were comfortable letting the system drive the vehicle without them watching what was happening on the road.

☆ Inside digital health's reckoning, where once-hot startups are suddenly scrambling for cash
▼ + stars: | 2023-01-31 | by ( Blake Dodge | Rebecca Torrence | ) www.businessinsider.com time to read: +11 min

Analysts and CEOs told Insider more than half of healthcare startups will shut down by 2024. Healthcare startups looking to stay afloat have been laying off employees left and right. The online pharmacy Truepill burned through its cash as it struggled to fill prescriptions efficiently, two former employees told Insider. A spokesperson for Truepill told Insider in an email that the company's burn rate was in line with its projections. Courtesy NOCDWhile the broader economic pressures will hurt many startups that can't raise, it may help others, experts told Insider.

Travel insurance weekly rates at a glance:Average premium: $270.13Average trip cost: $5,793.35Average trip length: 16 daysGet your free travel insurance quote with SquareMouth »What is travel insurance? See Insider's picks for the best travel insurance »Some credit cards offer a limited amount of travel insurance annually. Insider's Featured Travel Insurance Companies World Nomads Travel InsuranceAllianz Travel InsuranceTravelex travel insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency. Insider's Featured Travel Insurance Companies World Nomads Travel InsuranceAllianz Travel InsuranceTravelex travel insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Sign up for a credit monitoring service such as Credit Karma to keep tabs on updates to your credit report. Even the best identity theft companies and best credit monitoring services usually stop short of reporting errors on your credit report to the credit bureaus. Credit report dispute frequently asked questions (FAQ)How common are credit report errors? Experian credit freeze: To freeze your credit at Experian, you can visit Experian's online Freeze Center. TransUnion credit freeze: You can request a TransUnion credit freeze through their online portal.

☆ ASML says ‘rules are being finalized’ on chip export controls to China
▼ + stars: | 2023-01-30 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —ASML, a Dutch maker of semiconductor equipment, says “rules are being finalized” on export controls, amid reports that the Netherlands and Japan have joined the United States in restricting sales of some computer chip machinery to China. Bloomberg reported that the deal “would extend some export controls the US adopted in October” to Dutch and Japanese companies, including ASML (ASML), Nikon (NINOY) and Tokyo Electron. In recent months, the Dutch government has faced pressure from the United States to limit chip-related exports to China, particularly from ASML, according to Xiaomeng Lu, director of geo-technology at the Eurasia Group. It noted that it mainly sold “mature” products to China, and its most advanced lithography technology had already been restricted since 2019. Those machines had been prohibited from being sent to China because the Dutch government had “refused to grant it a license under US pressure,” Lu previously told CNN.

☆ Nike is teaming up with Tiffany & Co. on a $400 shoe. Sneakerheads aren't impressed.
▼ + stars: | 2023-01-30 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

Nike and Tiffany & Co have confirmed a new collaboration sneaker. A Nike and Tiffany & Co collaboration sneaker is on the way. In separate Instagram posts, the retailers revealed the shoe box for the upcoming sneaker. The shoe marks Tiffany & Co's first collaboration with Nike. So far, sneaker collectors on Twitter are not as impressed with the upcoming Nike and Tiffany & Co. collaboration.

☆ You Don’t Have to Be Complicit in Our Culture of Destruction
▼ + stars: | 2023-01-30 | by ( David Marchese | ) www.nytimes.com time to read: +12 min

Photo illustration by Bráulio Amado Talk You Don’t Have to Be Complicit in Our Culture of Destruction“People feel a kind of longing for a belonging to the natural world,” says the author and scientist Robin Wall Kimmerer. I am deeply aware of the fact that my view of the natural world is colored by my home place. But I don’t think that’s the same as romanticizing nature. Of course the natural world is full of forces that are so-called destructive. The story that we have to illuminate is that we don’t have to be complicit with destruction.

☆ McCarthy to discuss debt limit, spending with Biden
▼ + stars: | 2023-01-29 | by ( David Lawder | ) www.reuters.com time to read: +3 min

"I want to find a reasonable and a responsible way that we can lift the debt ceiling (and) take control of this runaway spending," McCarthy added. A White House spokesperson declined to comment but a White House official familiar with plans for the meeting confirmed the Wednesday timing. Biden previously pledged to discuss debt with McCarthy but the White House has said it will not negotiate over raising the debt ceiling. Biden administration officials have framed the planned meeting with McCarthy as an opportunity to develop the two leaders' "working relationship." McCarthy and other Republicans both in the House and Senate have said they will not support an increase in the debt ceiling without budget cuts or spending reforms.

☆ This one side hustle for introverts can bring in thousands of dollars in passive income per month
▼ + stars: | 2023-01-29 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

These are pretty social hustles, though, and if you're more of an introvert, spending your off-time interacting with others can be draining. Rachel Jiminez opened her Etsy store in 2019 and sells hundreds of printables ranging from Christmas scavenger hunts to digital planners. February might be a good time for Valentine's ideas, April might be a good month for Easter-based ideas, and so on. Jiminez perfected her Etsy-selling skills after taking Julie Berninger's course about opening an Etsy store for printables. She herself brings in about $1,000 per month in passive income from the site.

☆ For Super Bowl Ad, Coors Light Brewer Taps Into Online Sports-Betting Appetite
▼ + stars: | 2023-01-27 | by ( Suzanne Vranica | ) www.wsj.com time to read: 1 min

An ad from Molson Coors announcing that it is teaming up with online sports-betting company DraftKings. Molson Coors Beverage Co. is seizing on the popularity of online sports betting to generate buzz during Super Bowl LVII, as the maker of Coors Light and Miller Lite returns to the big game after a 33-year hiatus. The Chicago-based company had long been kept out of the Super Bowl because rival Anheuser-Busch InBev NV had exclusive rights to be the sole alcohol brand to be featured during the game, which it gave up last year. In anticipation of its return, Molson recently ran print, online and outdoor ads asking consumers which of its two light beers—Miller Lite or Coors Light—deserves the brewer’s coveted Super Bowl spot.

☆ Why Auto Marketing Looks Poised for Growth in 2023
▼ + stars: | 2023-01-27 | by ( Megan Graham | ) www.wsj.com time to read: +5 min

A year like that might typically drive auto marketing off a cliff. “We haven’t taken our foot off the accelerator, because we do see the transformation of EVs occurring,” Mr. Wager said. “You don’t put a vehicle in the Super Bowl to sell 20,000 vehicles—that doesn’t make any sense,” Mr. Wager said. “You wouldn’t put it on television normally, unless you’re creating the halo of the electrification of the brand,” Mr. Wager said. Kia will be at the Super Bowl again this year, this time advertising its Telluride SUV.

☆ Asian shares at 9-month high after resilient U.S economic data
▼ + stars: | 2023-01-27 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.53% to almost nine-month highs of 561.99. Thursday's set of data has raised investor hopes of a soft landing - a scenario in which inflation eases against a backdrop of slowing but resilient economic growth. Futures are pricing a 94.7% probability of a 25-basis-point hike next Wednesday and see the Fed's overnight rate at 4.45% by next December, or lower than the 5.1% rate Fed officials have projected into next year. Data on U.S. personal consumption expenditures (PCE) due at 1330 GMT will provide further clues on inflation. Oil prices rose on expectations of a boost to demand from China's reopening and after the strong U.S. data.

If you've ever been confused by miniature bottles branded as Fireball Cinnamon, the popular cinnamon-flavored drink found in gas stations and supermarkets, you're not alone — and now there's a lawsuit over the matter. Citing two news articles pointing out that the bottles, while displaying the Fireball label, do not actually contain whisky, lawyers representing Chicago plaintiff Anna Marquez are seeking unspecified damages against Fireball-maker the Sazerac Company. In the suit, Marquez and her attorneys say the mini bottles, which advertise "Fireball Cinnamon," falsely give consumers the impression that the drinks are merely smaller versions of regular Fireball whisky. "When viewed together with the Fireball distilled spirit brand name, the label misleads consumers into believing it is or contains distilled spirits," the suit states. A representative for Sazerac said the company does not comment on pending litigation and referred an inquiry to the company's Fireball Cinnamon FAQ page.

☆ The US closed out 2022 with its economy still growing despite recession fears
▼ + stars: | 2023-01-26 | by ( Madison Hoff | ) www.businessinsider.com time to read: +1 min

US gross domestic product grew at an annualized rate of 2.9% in the fourth quarter of 2022. The US closed out 2022 with cooling inflation, economic uncertainty, and concerns about when a recession may happen. The US economy's gross domestic product grew at an annualized rate of 2.9% in the fourth quarter of 2022, according to the advance estimate. The fourth quarter print means that the US economy saw a small slow down from the third quarter's annual rate of 3.2%. While the US closed out 2022 with GDP rising, GDP shrunk in the first two quarters of 2022.

☆ Bank of Japan showed no sign of making a hawkish shift in its January meeting
▼ + stars: | 2023-01-26 | by ( Jihye Lee | ) www.cnbc.com time to read: +3 min

Nationwide core inflation in Japan reached 4% in December, the highest annualized print since December 1981, according to data released last week. Yuichi Yamazaki | Afp | Getty ImagesThe Bank of Japan emphasized that it wants to maintain its current monetary policy, including leaving its yield curve control unchanged, according to the Summary of Opinions from its last meeting published Thursday. The "yield curve control" refers to a policy of the Japanese central bank that's designed to keep the 10-year yield on Japanese Government Bonds (JGBs) within 0.5 percentage points of zero. The central bank continued its operations to purchase Japanese government bonds in response to upward pressure on yields. I think a lot will depend on, for instance, the inflation data in the coming months," he told CNBC's "Street Signs Asia."

☆ Strong U.S. economic growth expected in fourth quarter, outlook darkening
▼ + stars: | 2023-01-26 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Retail sales have weakened sharply over the last two months and manufacturing looks to have joined the housing market in recession. While the labor market remains strong, business sentiment continues to sour, which could eventually hurt hiring. According to a Reuters survey of economists, GDP growth likely increased at a 2.6% annualized rate last quarter after accelerating at a 3.2% pace in the third quarter. Trade, which accounted for the bulk of GDP growth in the third quarter, was seen either making a small contribution or subtracting from GDP growth. While the labor market thus far has shown remarkable resilience, economists argue that deteriorating business conditions will force companies to slow hiring and lay off workers.

☆ The Art Behind Supply Chains Is Front and Center at a Museum Exhibit
▼ + stars: | 2023-01-25 | by ( Liz Young | ) www.wsj.com time to read: +6 min

Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. “What we wanted to do was to make the invisible visible, to look at the supply chain as a key part of how AI works,” Dr. Crawford said. “The best artists are all geometry and symmetrical work coupled with creativity, and that’s what supply chain is. Some of the artists on display in the MoMA gallery have gone on to create more work centered on supply chains. “When you start to do this research, you see everything differently and the precarity of the supply chain was made so clear to me,” she said.

The NYSE, which is owned by Intercontinental Exchange Inc (ICE.N), said a "system issue" prevented the opening auctions in a subset of its listed securities. The stocks began trading without an opening print, causing erroneous prices that the exchange said will be declared null and void. NYSE ended the day with a normal market close and expected a regular open on Wednesday, Blaugrund added. The NYSE-listed stocks trade on all 16 U.S. stock exchanges, which use the NYSE's prices. In March 2018, the NYSE was the first exchange fined under Reg SCI.

☆ Australian inflation hits a post-1990 peak
▼ + stars: | 2023-01-25 | by ( Jihye Lee | ) www.cnbc.com time to read: 1 min

Australia's consumer price index reached the highest since 1990 for the quarter of December, 2022. The annualized figure of a rise in consumer prices backed by higher prices in food, automotive fuel, and new residential construction, according to the Australian Bureau of Statistics. Prices rose the most for costs related to domestic and international travel, which rose by 13.3% and 7.6%, respectively. Economists polled by Reuters had forecast the quarter's consumer price index to rise 7.5%, lower than the Reserve Bank of Australia's forecast of 8%. Prices of goods rose 9.5%, a slightly less dramatic print than the 9.6% from the previous quarter — the cost of services rose 5.5%, the highest since 2008.

☆ More detail on what exactly caused NYSE's trading glitch on Tuesday
▼ + stars: | 2023-01-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

After the 9/11 disaster, the NYSE was obligated to maintain a primary trading site (at the NYSE) and a back-up site (which is in Chicago). On Monday evening, routine maintenance was being performed on the software for the Chicago back-up site. On Tuesday morning, the back-up system (Chicago) was mistakenly still running when the primary system (NYSE) came online. Because the back-up was still running, when the primary site started up some stocks behaved as if trading had already started. This caused significant price dislocations and trading halts.

☆ Don't rule out further inflation surprises yet, and here are 3 ways for investors to predict them, Goldman Sachs says
▼ + stars: | 2023-01-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Inflation is beginning to moderate in developed markets, but potential data surprises remain a risk to investors. Goldman Sachs suggests three areas that investors can watch in order to help predict these inflation surprises. Commodity prices, currency movements, and regional inflation figures are key areas to look for future surprises. But, according to Goldman Sachs, surprises still abound and can shock markets if too much bullishness is priced in. "The significant slowdown in global headline and core inflation that we anticipate in 2023 will likely eventually lower market sensitivity to inflation surprises," Goldman analysts wrote.

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