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☆ Analysts are bullish on Amazon's growth story ahead of its earnings
▼ + stars: | 2023-10-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Investors are staying bullish ahead of Amazon's quarterly report Thursday as the company's cloud and consumer-focused businesses show signs of strength. Heading into Amazon's earnings announcement, some of the biggest firms were optimistic on the company's growth potential. Anmuth has an overweight rating and price target of $180 on shares, suggesting the stock could jump more than 48%. The firm kept its buy rating and $167 price target on shares, which implies 37.5% upside potential from Wednesday's close. Bank of America says more room for growth ahead Bank of America analyst Justin Post reiterated his buy rating while raising his price target to $154.

Persons: Doug Harrington, Doug Anmuth, Anmuth, Ronald Josey, Mark Mahaney, Morgan Stanley, Amazon Morgan Stanley, Justin Post, Michael Bloom Organizations: Deal, Amazon, Amazon Web Services, JPMorgan, Citi, " Bank of America, Bank of America Locations: Echo, India

☆ Asian stocks slump to 11-mth lows as higher-for-longer rate fears persist
▼ + stars: | 2023-10-26 | by ( Xie Yu | ) www.reuters.com time to read: +4 min

Australian shares fell to a one-year low, as stronger-than-expected third-quarter inflation data raised bets that the central bank might raise rates next month. In the currency markets, the dollar index hit a two-week high of 106.77. By 0300 GMT the yen was trading at a one-year low of 150.43 per dollar. The Australian dollar fell to an almost one-year low of $0.6271 in morning trade. The New Zealand dollar also hit a nearly one-year low at $0.5776.

Persons: Androniki, Ben Luk, Seng, Brent, Gold, Xie Yu, Simon Cameron, Moore Organizations: Nikkei, REUTERS, Japan's Nikkei, Treasury, Multi, State Street Global, U.S, New Zealand, Thomson Locations: Tokyo, Japan, HONG KONG, U.S, Asia, Pacific, China, Hong Kong, Europe

Gas accounted for around 51% of Italy's total electricity generation in 2022, making the country the most gas-reliant among Europe's largest economies, data from Ember shows. INDUSTRIAL BASEKey to natural gas' staying power in Italy's generation mix is the country's high level of industrial energy demand. However, Italy's power costs have climbed sharply since Russia's invasion of Ukraine in 2022 cut natural gas supplies to Western Europe and sent regional power costs soaring. This week's ENI deal offers additional protection for consumers by further reducing Italy's reliance on Russia for natural gas supplies, even as it cements Qatar's position as Italy's top LNG supplier. Higher gas supplies may also help reduce overall power costs, and in turn should help boost the competitiveness of Italy-based businesses relative to regional rivals.

Persons: Dado Ruvic, Gavin Maguire, Edwina Gibbs Organizations: REUTERS, Italy's ENI SpA, Gas, Energy Institute, United States, Department of Commerce, LSEG, ENI, Reuters, Thomson Locations: LITTLETON , Colorado, QatarEnergy, Southern, Italy, Europe Italy, Europe, United, Ukraine, Western Europe, Germany, Russia, United States, Algeria, Qatar

☆ Clean Energy’s Powerful Momentum
▼ + stars: | 2023-10-24 | by ( Manuela Andreoni | More About Manuela Andreoni | ) www.nytimes.com time to read: +1 min

For the past few months, we’ve been telling you all about the U.S. energy transition that’s arriving faster than you think. But the move toward solar is global: the study’s authors expect solar to be the cheapest source of electricity in almost all countries by 2027. “The transition to clean energy is happening worldwide and it’s unstoppable,” Fatih Birol, executive director of the International Energy Agency, told Brad. Between 2010 and 2020, the study found, the cost of solar cells fell by 15 percent each year. “The pace of decline in price initially surprised many people,” my colleague Ivan Penn, who covers the energy sector, told me.

Persons: we’ve, Fatih Birol, Brad, Ivan Penn Organizations: International Energy Agency

Political Cartoons View All 1211 ImagesThe disdain for Congress is just one area where Americans say they are losing faith. Various polls say the negative feelings include a loss of confidence or interest in institutions such as organized religion, policing, the Supreme Court, even banking. “Trust in institutions has deteriorated substantially,” said Kay Schlozman, professor of political science at Boston College. Just 3% have a great deal of confidence in Congress, virtually unchanged from March. The polling reinforces that Democrats are more likely than Republicans to say their confidence in the Supreme Court is low.

Persons: —, They’re, ”, Christopher Lauff, Joe Biden, “ We’re, Lauff, Kay Schlozman, Schlozman, Democratic Sen, Robert Menendez, Kevin McCarthy, Democrat Joe Biden —, Donald Trump, Rick Cartelli, Cartelli, Biden, “, Robert F, Kennedy, Kathleen Kersey, Brian Kemp, there’s, Ronald Reagan's, ” David Bateman, Barack Obama’s, Bateman, Trump, Chris Wray, ” Bateman Organizations: WASHINGTON, U.S ., “, Boston College, Democratic, Robert Menendez of New, Republicans, Associated Press, NORC, for Public Affairs Research, Democrat, Justice Department, AP, Kennedy Human Rights, Republican, Trust, Pentagon, Cornell University, Gallup, FBI, Trump Locations: U.S, Fargo , North Dakota, Ukraine, —, Robert Menendez of, Robert Menendez of New Jersey, That’s, Rocky Hill , Connecticut, Brunswick , Georgia

☆ Wall Street notches weekly loss as benchmark US bond yield eases
▼ + stars: | 2023-10-20 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

[1/4] A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. While the benchmark yield eased back from that level, it posted its largest weekly surge since April 2022, powered by solid economic data. 10 year Treasury yield and the Fed funds target rateStrong U.S. retail sales in September reinforced ideas that the Fed may need to keep interest rates high for longer, Hainlin said. The yield on U.S. 10-year Treasury notes, the bedrock of the global financial system, pulled back after breaching the 5% level late Thursday. Benchmark 10-year notes last rose 19/32 in price to yield 4.9094%, from 4.988% late on Thursday.

Persons: Lucas Jackson, Ross Mayfield, Mayfield, Jerome Powell, Powell, Tom Hainlin, Hainlin, Sterling, Brent, Stephen Culp, Marc Jones, Rod Nickel, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, U.S, Federal Reserve, Treasury, Nasdaq, Baird, Federal, Bank Wealth Management, Dow Jones, Japan's Nikkei, Thomson Locations: Louisville , Kentucky, Minneapolis, Israel, Gaza, Asia, Pacific, Japan, London

☆ Falling stocks, climbing mortgage rates: how 5% Treasury yields could roil markets
▼ + stars: | 2023-10-20 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Expectations that the Federal Reserve will keep interest rates elevated and mounting U.S. fiscal concerns are among the factors driving the move. Because the $25-trillion Treasury market is considered the bedrock of the global financial system, soaring yields on U.S. government bonds have had wide-ranging effects. "The longer we remain at higher interest rates, the more likely something is to break." Elon Musk warned that high interest rates could sap electric-vehicle demand, which knocked shares of the sector on Thursday. Reuters GraphicsThe U.S. dollar has advanced an average of about 6.4% against its G10 peers since the rise in Treasury yields accelerated in mid-July.

Persons: Brendan McDermid, Gennadiy Goldberg, Jerome Powell, Powell, Elon Musk, Tesla’s, gravitating, Athanasios Vamvakidis, Saqib Iqbal Ahmed, Ira Iosebashvili, Stephen Coates Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, TD Securities, Reuters, Global Research, Reuters Graphics, ICE, Fed, Thomson Locations: New York City, U.S, New York, Treasuries

☆ Supreme Court blocks restrictions on Biden administration efforts to remove contentious social media posts
▼ + stars: | 2023-10-20 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +4 min

WASHINGTON — The Supreme Court on Friday blocked in full a lower court ruling that would have curbed the Biden administration's ability to communicate with social media companies about contentious content on such issues as Covid-19. Donald Trump was president at the time, but the district court ruling focused on actions taken by the government after President Joe Biden took office in January 2021. But the appeals court still required the White House, the FBI and top health officials not to "coerce or significantly encourage" social media companies to remove content the Biden administration considers misinformation. The administration turned to the Supreme Court hoping to freeze Doughty's ruling in full. The district court ruling was on hold while the Supreme Court decided what steps to take.

Persons: WASHINGTON —, Samuel Alito, Clarence Thomas, Neil Gorsuch, Alito, Jim Hoft, Donald Trump, Joe Biden, Terry Doughty, Biden, White, Karine Jean, Pierre, Vivek Murthy, Elizabeth Prelogar, Prelogar Organizations: Biden, U.S, Trump, Circuit, FBI, Supreme Locations: Louisiana, Missouri

☆ 4 tech giants have cemented their AI dominance. But there's even more room for growth
▼ + stars: | 2023-10-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Nearly all tech companies will integrate generative AI by the end of 2024. Respondents said they expected to use generative AI for customer support, content generation and productivity. Google Cloud Google Cloud was the third most likely cloud provider in Oppenheimer's survey to gain future AI spending share. Salesforce and AI Oppenheimer analysts said they see "durable tailwinds for customer support, content generation and code generation, which are considered priority use cases for Generative AI." We agree with this call and are in the camp that Salesforce's generative AI tools should help reaccelerate sales growth all while balancing increasing margins.

Persons: Oppenheimer's, Oppenheimer, Piper Sandler, Copilot, Piper, we've, Salesforce, Jim Cramer's, Jim Cramer, Jim, Dado Ruvic Organizations: Microsoft, Web Services, Google, Meta, AI, Adobe, CNBC Locations: OpenAI, Jasper

☆ Meta's unique approach to developing AI puzzles Wall Street, but techies love it
▼ + stars: | 2023-10-16 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +18 min

If the world's leading AI researchers use Llama, Meta could have an easier time hiring skilled technologists who understand the company's approach to development. Spisak helped oversee PyTorch and other open source AI projects when he worked at Meta from 2018 until January 2023. Although a number of open source LLMs are available, Lambert said Llama 2 is by far the most popular. "Facebook was not and that's sort of how they move forward and democratizing this, giving sort of broad access to open source. However, open source doesn't always win, and Padval acknowledged that "in this case, I don't know how it's going to evolve."

Persons: Mark Zuckerberg, Josh Edelson, Mark Zuckerberg's multibillion, Joseph Spisak, that's, Zuckerberg, Meta, Andrew Bosworth, Yann LeCun, isn't, Susan Li, Spisak, Cai GoGwilt, GoGwilt, OpenAI's, Ahmad Al, Dahle, he's, Jim Fan, Arjun Bansal, Jensen Huang, Nathan Lambert, Lambert, Critics, Umesh Padval, " Lambert, Nvidia's, Fan, Meta's, Taka Ariga, Ariga, Claude, Elon Musk, Tesla, Nur Hamdan, OpenAI's GPT, Sam Altman, Guido Appenzeller, Thomvest's Padval, Padval Organizations: Meta, AFP, Getty, Microsoft, Industry, Linux, Microsoft Windows, Facebook, Twitter, Finance, Google, AI Research, FAIR, Apple, Nvidia, Web Services, Thomvest Ventures, TC Cowen, United, United Arab Emirates, U.S, Government, AWS, Bloomberg, Amazon, VMware, Intel, Red Hat Locations: Menlo Park , California, Taiwan, United Arab, Washington, Elon, Hamadan, Seoul, South Korea

Germany's property sector is in stress, underscoring a major change of fortune for real estate in Europe's largest economy after an end to the era of cheap money. REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsFRANKFURT, Oct. 13 (Reuters) - German Chancellor Olaf Scholz is facing fresh demands to stem a property crisis in Europe's largest economy after a recent summit aimed at rescuing the sector disbanded in acrimony. The industry's demands reflect alarm that Germany is being sucked further into a global property rout that has been most acutely felt in China. There is also concern that the government is dragging its feet after a contentious industry meeting with the chancellor on Sept. 25. The number of people employed in the building sector has begun to drop for the first time in a decade.

Persons: Kai Pfaffenbach, Olaf Scholz, Wolfgang Schubert, Raab, Schubert, Nicole Razavi, Scholz, Francesco Fedele, Kirsten Donovan Organizations: REUTERS, Rights, Reuters, International Monetary Fund, chancellery, Thomson Locations: Frankfurt, Germany, Germany's, Europe's, China, Razavi, United States

☆ Poland’s goodwill toward Ukraine is eroding. The far right is taking advantage
▼ + stars: | 2023-10-13 | by ( Rob Picheta | ) edition.cnn.com time to read: +15 min

The group is capturing voters from the ruling populist party, forcing a hardening in the government's tone towards Ukraine. Anna Martynenko fled to Poland with her sons, in the first weeks of the war in Ukraine. “In our relationship, between Poland and Ukraine, there were many things that were not solved – for years,” he adds, with some weariness. But whoever enters power next week, displaced Ukrainian Martynenko believes – and hopes – that Poland’s support will not waver further. When Poles welcomed her last spring after she fled Ukraine, “I knew that everything is OK,” she said.

Persons: they’re, Poland’s, “, I’m, ”, Przemysław Chinek, –, Rob Picheta, Zelensky, Mateusz, Tomasz Piotr, Katarzyna, Anna Martynenko, Gianmarco Ercolani, Pew, Dan Kitwood, Sławomir Mentzen, TikTok, Martynenko, Filip Gajos, Mentzen, ” Chinek, “ Everybody, Dariusz Stola, ” Stola, “ There’s, Simon Oshinski, Volodymyr Zelensky, Rob Picheta “, Adam Zaleski’s, we’re, Adam Zaleski, Slovakia –, ” Zaleski, Zaleski, Justyna –, Rob Picheta Zaleski Organizations: Poland CNN, European Union, CNN, Confederation, Law, Justice, Ukraine, NATO, Pew Research Center, Twitter, “, ”, Polish Academy of Sciences, EU, United Nations General Assembly, PiS Locations: Lublin, Kostrogaj, Poland, wardrobes, European, Lublin’s, Russia, Ukraine, “, Ukraine’s, Moscow, Kyiv, Warsaw, Lodz, “ Ukraine, Soviet Union, Volhynia, Poland’s, Europe, Hungary, Slovakia, Ukrainian

☆ Jordan's king says no stability in region without Palestinian state
▼ + stars: | 2023-10-11 | by ( Suleiman Al-Khalidi | ) www.reuters.com time to read: +3 min

[1/2] Jordan's King Abdullah II speaks at the opening of a new parliamentary session in Amman, Jordan October 11, 2023. Royal Hashemite Court/Handout via Reuters Acquire Licensing RightsAMMAN, Oct 11 (Reuters) - Jordan's King Abdullah said on Wednesday no peace was possible in the Middle East without the emergence of an independent Palestinian state alongside Israel. A two-state solution was the only option, the monarch told deputies in a speech at the opening of a new parliamentary session. "Our region will never be secure nor stable without achieving just and comprehensive peace on the basis of the two-state solution," the monarch said. Jordan's peace treaty with Israel is widely unpopular among many citizens who see normalisation as a sellout of the rights of their Palestinian brethren.

Persons: King Abdullah II, King Abdullah, Joe Biden, Antony Blinken, Blinken, King Abdullah said, Amman, Suleiman Al, Khalidi, Alison Williams, Angus MacSwan Organizations: Royal Hashemite, Reuters Acquire, Rights, West Bank, Thomson Locations: Amman, Jordan, Israel, Palestinian, Western, Jerusalem, Gaza, East Jerusalem

☆ Analysis: War with Hamas threatens funding recovery in Israel's vital tech industry
▼ + stars: | 2023-10-10 | by ( Steven Scheer | ) www.reuters.com time to read: +5 min

"This is not a particularly easy time to get investment," he added, noting the number of flights to Israel that have been cancelled. CONFIDENCE EARNEDThat said, Hasson and others expect Israel's tech sector to rebound in the same way it has in past conflicts with Palestinian and Hezbollah militants. Medved said that he believes that Israel will prevail as an tech investment destination. "Historically, every time Israel has gone to war, long term has been a buy side," he said. "That shift may even help push those investors who might have been reluctant (to invest in Israel)," he said.

Persons: Jon Medved, Israel, Maya Eisen Zafrir, Avi Hasson, Hasson, Medved, Arie Zilberstein, Gem's, Ariel Efergan, Hillel Fuld, Steven Scheer, Krystal Hu, Louise Heavens Organizations: Overseas, OurCrowd, Hamas, Silicon Valley Bank, IVC Research, Investment, Startup Nation, Israel, U.S, Insight Partners, Security, Startup, Thomson Locations: Israel's, Israel, Gaza, Egypt, Yom, Silicon, Palestinian, New York, Tel Aviv, Jerusalem

Re-enter risk premia on what should be 'risk free' bonds. The renewed corporate profits upswing riffs off this relatively robust nominal growth picture too - as do still benign corporate debt premia. However, keeping a lid on 5% nominal GDP may well be what's irking bonds as much as anything. While turning 10-year averages takes some time, nominal GDP growth according to a real time model from the Atlanta Fed is closer to 8% right now. CBO deficit projections to 2030US nominal GDP growth running at 8%?

Persons: York Fed's, Ajay Rajadhyaksha, today's, Treasuries, Fitch, Andrew Heavens Organizations: Treasury, Federal, Fed, The, Barclays, Societe Generale's, Atlanta Fed, Moody's, U.S . AAA, Reuters, Thomson Locations: U.S, Washington, York, 35bp, 150bp, Treasuries, China, Europe

☆ Soaring Treasury yields ignite turbulence throughout markets
▼ + stars: | 2023-10-05 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

Because the $25-trillion Treasury market is considered the bedrock of the global financial system, soaring yields on U.S. government bonds have had wide-ranging effects. Higher Treasury yields can curb investors' appetite for stocks and other risky assets by tightening financial conditions as they raise the cost of credit for companies and individuals. With some Treasury maturities offering far above 5% to investors holding the bonds to term, rising yields have also dulled the allure of equities. Reuters GraphicsWith Treasury yields surging, credit market spreads have widened as investors demand a higher yield on riskier assets, such as corporate bonds. The MOVE index (.MOVE), a measure of expected volatility in U.S. Treasuries, has surged to a 4-month high, signaling expectations for continued Treasury market ructions.

Persons: Andrew Kelly, That's, Saqib Iqbal Ahmed, Davide Barbuscia, Ira Iosebashvili, Nick Zieminski Organizations: United States Department of, Washington , D.C, REUTERS, Treasury, Federal Reserve, Bank of America Global Research, Reuters, Traders, Reuters Graphics, Silicon Valley Bank, Signature Bank, Thomson Locations: Washington ,, U.S, Silicon

☆ Britain's Keir Starmer plots painstaking path to power
▼ + stars: | 2023-10-05 | by ( Elizabeth Piper | ) www.reuters.com time to read: +10 min

[1/2] British Labour Party leader Keir Starmer speaks during Prime Minister's Questions, at the House of Commons in London, Britain, May 24, 2023. Hours later, those from the opposition Labour party were summoned by senior members in charge of discipline and ordered to delete the posts and apologise. Welcome to Keir Starmer's Labour Party. "Thanks to Keir Starmer's leadership, voters see a changed Labour Party that is ready to change the country with a mission-driven government," a Labour spokesperson said when asked to comment for this story. 'CORBYN WITHOUT THE MADNESS'Named after the founder of the Labour Party, Keir Hardie, Starmer was brought up in a staunchly left-wing household.

Persons: Keir Starmer, Jessica Taylor, Handout, Gene Simmons, Simmons, Islam, Keir Starmer's, Jeremy Corbyn, we've, Starmer, Tony Blair, Rishi Sunak, Keir Hardie, Charlie Falconer, Claire Ainsley, Olaf Scholz, Australia's Anthony Albanese, Ainsley, Falconer, COVID, Keir, Mark Stephens, Blair, Starmer's, Andrew Cooper, David Cameron, Cooper, David Clarke Organizations: British Labour Party, REUTERS, Labour, Reuters, Keir Starmer's Labour Party, Conservatives, Conservative, Labour Party, Policy Institute, Labor Party, Public Prosecutions, Critics, Board, Police Service, Northern, Human, OF, DPP, of Human, Reigate Grammar, Thomson Locations: London, Britain, Australia, Germany, U.S, Caribbean, Uganda, Reigate

A calmer tone set in later on Wednesday, with bond yields retreating. In the U.S. Treasury market -- considered the bedrock of the global financial system -- 10-year yields have jumped as much as 20 basis points (bps) to 4.8% this week alone. Bond yields move inversely to prices, and many asset managers who had held bonds expecting prices to rally are now throwing in the towel. Australian and Canadian 10-year bond yields have surged over 20 bps each this week , , and British 30-year government bond yields hit a fresh 25-year high above 5% on Wednesday . , ,World stocks (.MIWD00000PUS) hit their lowest since April on Wednesday, and the cost of insuring exposure to a basket of European corporate junk bonds hit a five-month high, according to data from S&P Global Market Intelligence.

Persons: Bond, Juan Valenzuela, Artemis, Kevin McCarthy, Jason Lee, Michael Metcalfe, Vikram Aggarwal, that's, Everybody's, you've, Richard McGuire, McGuire, Dhara Ranasinghe, Naomi Rovnick, Alun John, Yoruk Bahceli, Chiara Elisei, Marc Jones, Andy Bruce, Kim Coghill, Toby Chopra Organizations: bund, U.S . Treasury, Federal Reserve, Reuters, ADP, U.S . House, Congress, Hong, REUTERS, Street Global Markets, P Global Market Intelligence, Jupiter, New York Fed, Rabobank, Thomson Locations: Treasuries, British, U.S, Hong Kong, London

In the U.S. Treasury market -- considered the bedrock of the global financial system -- 10-year yields have jumped 20 basis points (bps) to 4.8% this week alone. Bond yields move inversely to prices, and asset managers who had held bonds expecting prices to rally are now throwing in the towel. Australian and Canadian 10-year bond yields have surged over 20 bps each this week , , and British 30-year government bond yields hit a fresh 25-year high above 5% on Wednesday . In a further sign of investor nervousness, the closely-watched MOVE bond volatility index is at a four-month high. (.MOVE)Rise in global yields beyond 10yr average levels Rise in global yields beyond 10yr average levelsRIPPLESGovernment borrowing costs influence everything from mortgage rates for homeowners to loan rates for companies.

Persons: Jason Lee, Bond, Juan Valenzuela, Artemis, Vikram Aggarwal, that's, Everybody's, you've, Richard McGuire, Dhara Ranasinghe, Naomi Rovnick, Alun John, Yoruk Bahceli Chiara Elisei, Andy Bruce, Kim Coghill, Toby Chopra Organizations: Hong, REUTERS, U.S . Treasury, Federal Reserve, Reuters, P Global Market Intelligence, Jupiter, New York Fed, Rabobank, Thomson Locations: Hong Kong, Treasuries, British

Why are global bond yields rising? With inflation excluding food and energy prices elevated and the U.S. economy resilient, central banks are pushing back against rate cut bets. Many investors were also betting bond yields would drop, so are extra sensitive to moves in the opposite direction, analysts say. That is no surprise, and analysts do not rule out a rise in 10-year Treasury yields to 5%, from 4.7% now . Bond yields determine governments' funding costs, so the longer they stay high, the more they feed into the interest costs countries pay.

Persons: Brendan McDermid, August's, Goldman Sachs, Mahmood Pradhan, Treasuries, Andrea Kiguel, Yoruk, Dhara Ranasinghe, Karin Strohecker, Marc Jones, Amanda Cooper, Ed Osmond Organizations: New York Stock Exchange, REUTERS, U.S . Treasury, August's Fitch, Reuters, Treasury, Deutsche Bank, Amundi Investment, U.S, JPMorgan, Barclays, Yoruk Bahceli, Thomson Locations: New York City, U.S, Germany, Japan, Italy, Europe, Americas, Amsterdam, London

☆ Inside Project Nile: Amazon's secret AI-powered plan to change the way you shop online.
▼ + stars: | 2023-10-02 | by ( Eugene Kim | ) www.businessinsider.com time to read: +10 min

"Project Nile is a confidential initiative wherein we're building a conversational shopping agent for Retail customers," one internal document explained. Wearing that "I love AI" t-shirt, Sirosh, VP of Amazon Search and Alexa Shopping, introduced Project Nile as a "super confidential" project. Project Nile isn't the only move Amazon has made in the popular generative AI space. For Amazon's retail side, Project Nile is one of the most important projects. Sirosh has told his team he's "staffing up very rapidly" as Project Nile is the "absolute top priority."

Persons: Joseph Sirosh, Sirosh, Stephen Lam, It's, they're, Andy Jassy, Doug Herrington, Jassy, Rohit Prasad, ChatGPT, Microsoft's Bing, Google's Bard Organizations: Amazon, Microsoft, Retail, Amazon Search, Alexa, Nile, ChatGPT, Google Locations: Anthropic, OpenAI

☆ Milley says the military doesn’t swear oath to a ‘wannabe dictator’ in apparent swipe at Trump
▼ + stars: | 2023-09-29 | by ( Katie Bo Lillis | ) edition.cnn.com time to read: +6 min

“We don’t take an oath to a country, we don’t take an oath to a tribe, we don’t take an oath to a religion. We don’t take an oath to a king, or a queen, or a tyrant or a dictator.”“And we don’t take an oath to a wannabe dictator,” he spat. Milley, who was in uniform, later apologized publicly for “creat[ing] a perception of the military involved in domestic politics.” The apology outraged Trump. Their relationship became even more contentious in the wake of the January 6, 2021, attack on the US Capitol. We will take appropriate measures to ensure my safety and the safety of my family.”

Persons: Mark Milley, Donald Trump, Milley, ”, “, ” Milley, Trump, George Floyd, CQ Brown, Sen, Dianne Feinstein, Kevin McCarthy, Trump “, ” –, Bob Woodward, Robert Costa’s, ” Trump, “ I’ve Organizations: CNN, America, ’, Corps, Princeton, Trump, Capitol, Army, US, National Military Command Center, Pentagon, CBS Locations: Lafayette, United States, “, American, Beijing, China

His most substantive comment on Trump’s myriad legal issues was a sarcastic remark about his mugshot in the Fulton County, Georgia, case. Defending democracy is an issue Biden allies believe remains deeply resonant with voters, almost three years after the 2020 contest. A White House official noted Arizona was a state that has toggled between Democratic and Republican leadership. “President Biden will talk about his conviction that we must not walk away from the sacrifices generations of Americans have made to defend our democracy,” the official said. “It’s well past time for President Biden to see the border crisis first hand and for the administration to do its job, secure the border, and keep Arizona safe.

Persons: Joe Biden, Donald Trump, he’s, MAGA, ” Biden, Sen, John McCain, “, ”, Biden, Joe Biden’s, Republican Sen, Trump, Hunter, –, “ I’m, “ MAGA, Jon Meacham, Thursday’s, – Biden, Biden harkened, McCain, McCain’s, Cindy, Katie Hobbs, Kyrsten Sinema –, Beau Organizations: Washington CNN, Republican Party, MAGA Republican, Department, Republican, Trump, White House, Biden, Gettysburg, McCain, White, GOP, Republicans, MAGA Republicans, Broadway, Democrats, Democratic, Democrat Locations: America, Arizona, Fulton County , Georgia, East, Tempe , Arizona, ”, Michigan, Chicago, Silicon Valley, Washington, Hanoi

☆ A recession is coming and investors should be defensive, TCW CEO says
▼ + stars: | 2023-09-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

A recession is all but inevitable for the U.S. and investors should be playing defense in that kind of environment, according to the head of the TCW Group. "We are going to have a recession, because that's the way the world works," Katie Koch, CEO of the firm with $210 billion under management, said Thursday at CNBC's "Delivering Alpha" conference. Higher rates have long been thought to work with lag effects, the timing of which is uncertain and dependent on a variety of factors. "I do think it pays to be patient and wait to see higher rates work their way through the system," Koch said. "We haven't seen the pain of higher rates, but it's coming."

Persons: Katie Koch, Koch Organizations: U.S, TCW, Alpha Locations: U.S

☆ Right again, Einstein! Study shows how antimatter responds to gravity
▼ + stars: | 2023-09-27 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

Antimatter is the enigmatic twin of ordinary matter, possessing the same mass but with an opposite electrical charge. Under current theory, the Big Bang explosion that initiated the universe should have produced equal amounts of matter and antimatter. However, antimatter can be synthesized under controlled conditions, as in the ALPHA experiment, which used antihydrogen created at CERN. "The nearly complete absence of naturally occurring antimatter is one of the great questions facing physics," Wurtele said. "No matter how pretty the theory, physics is an experimental science," Fajans said.

Persons: Jonathan Wurtele, Joel Fajans, Wurtele, Einstein, William Bertsche, Bertsche, Fajans, Will Dunham, Rosalba O'Brien Organizations: European Center for Nuclear Research, CERN, Enterprise, University of California, ALPHA, UC Berkeley, University of Manchester, Thomson Locations: Geneva, Switzerland, Berkeley, England, Washington

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