DIRS.INFO The most relevant business & tech news

Fain also wants workers at the plants to make top UAW assembly plant wages, which now are $32 per hour. Political Cartoons View All 1205 Images“The battery plants are going to be the make-or-break issue,” said Sam Abuelsamid, a mobility analyst for Guidehouse Insights. And if lower-paying battery plants aren't union, workers won't have anywhere to get the same wages and benefits. But they also see a future where buyers could switch, and they think wages at the battery plants should match what they make. The UAW, he said, will use this to try to organize other Korean-owned battery plants.

Persons: WAYNE, Shawn Fain's, Stellantis, they'll, Fain, ”, Sam Abuelsamid, It’s, festering, Ford, Jim Farley, “, ” Fain, Farley, Mary Barra, Chris Jedrzejek, Jedrzejek, Todd Lauerman, “ it’s, ” It's, Abuelsamid, let's, Harry Katz, Katz, Marick, Masters Organizations: Ford, United Auto Workers, EV, General Motors, Detroit, UAW, Korean, Guidehouse, GM, Carnegie Mellon University, Bronco, Toyota, Cornell University, “, Wayne State University Locations: Mich, Detroit, U.S, Kentucky, Tennessee, Michigan, Ford, Korean, Wayne , Michigan, Ohio, South Bend , Indiana

☆ Two ways Israel-Hamas war could lead to much higher oil prices
▼ + stars: | 2023-10-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The escalating conflict between Israel and Hamas threatens to push oil prices higher by straining relations between major oil-producing countries in the Middle East, according to Wall Street experts. Oil prices rose Monday after the weekend attacks, though they remain below recent highs from two weeks ago. Saudi Arabia One key player on the sidelines of the war is Saudi Arabia. Iran The other major oil producer tied into the conflict is Iran, the chief backer of Hamas. Bank of America's Doug Leggate said in a note to clients that the United States could release oil from its strategic petroleum reserve if prices spike.

Persons: Goldman Sachs, Daan Struyven, Struyven, Helima Croft, Antony Blinken, Goldman's Struyven, Ed Morse, East . Bank of America's Doug Leggate, Leggate, — CNBC's Michael Bloom Organizations: Texas, Wall Street, Israel, Saudi, RBC Capital Markets, Hamas, East . Bank of America's Locations: Israel, Gaza, East, Saudi Arabia, Saudi, Iran, U.S, Lebanon, United States

☆ Swedish startup Luvly is making flat-pack electric microcars
▼ + stars: | 2023-10-09 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +8 min

In addition to the novel flat-pack delivery, Luvly is hoping that the electric car’s other features – including its super-light frame and swappable batteries – will make sustainable transport more affordable, says Håkan Lutz, Luvly CEO and co-founder. LuvlyA “Luvly” solutionLuvly O is a “light urban vehicle,” also known as a microcar. Luvly plans to license its patented light vehicle flat-pack framework to other car manufacturers to build their own branded versions. Resource-light and requiring less energy to manufacture than electric passenger cars, light electric vehicles (LEVs) such as microcars could make a serious dent in transport carbon emissions, says Brost. This is where Luvly hopes to add value: inspiring more car manufacturers to develop light urban vehicles with its patented framework.

Persons: it’s, Håkan Lutz, Lutz, Luvly, ”, —, “, Luvly isn’t, Citroën, Ami, Mascha Brost, Brost, ” Brost, It’s Organizations: CNN, IKEA, BMW, Formula, Opel, Fiat, Micro, German Aerospace Center, German Aerospace, Institute for Highway, US, Peachtree Locations: Swedish, Stockholm, €, Italian, Swiss, Germany, Peachtree City, Georgia

☆ 10 Great Books About AI for Your Science-Fiction Reading List
▼ + stars: | 2023-10-08 | by ( Matt Wirz | ) www.wsj.com time to read: 1 min

Today you can use ChatGPT to clone your voice or plan your meals, but what will the AI of the future do? Here are potential answers in books by 10 science-fiction writers who envision sentient machines that fulfill human desires, topple governments, disrupt economies, save humanity and, maybe, replace it.

☆ The stock market's report card one year since the bottom of the 2022 bear market
▼ + stars: | 2023-10-07 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

A report card for the stock market as it approaches one year since the October 2022 bottom of the mini-bear market would probably read, "Good effort, shows perseverance, needs improvement." The equal-weight S & P 500 is up less than 12% from its low. The median stock in the index is up between 3% and 4% over the past 12 months. All four times since 1979, the S & P 500 and Russell 2000 were both higher in the fourth quarter. The S & P 500 is now at 17.7-times 12-month forward profit forecasts, according to FactSet, down from almost 20 in late July.

Persons: Doug Ramsey, Russell, Stephen Suttmeier, Jurrien Timmer, Stocks Organizations: Leuthold, Nasdaq, Bank of America, Fidelity Investments, Fed, Federal Reserve, Deutsche, Treasury

☆ Unlocking the clues of a metal world
▼ + stars: | 2023-10-06 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —For the first time, a NASA mission is setting off on a distant journey to visit a metal world in our solar system. This illustration depicts how scientists envision the Psyche asteroid. Over time, Psyche likely collided with other rocky objects, losing its outer crust and mantle until only its metal core remained. “We have never seen the surface of a metal world up close. “If you brought back as much metal as likely exists in Psyche, then the metals would no longer be rare and the price would plummet,” Metzger said.

Persons: REx, Annibale de Gasparis, ”, Zoe Landsman, Psyche, Landsman, isn’t, ” Landsman, NASA’s, Anicia Arredondo, “, ” Arredondo, Philip Metzger, ” Metzger Organizations: CNN, NASA, JPL, Caltech, ASU, Exolith, University of Central, Radar, Astronomy, Boeing, ASU “, Southwest Research Institute, Division, Planetary Sciences, Europlanet Science Congress, Scientists, University of Central Florida’s Florida Space Institute Locations: Italian, University of Central Florida, San Antonio

☆ Your boss might give you a raise just for showing up to the office
▼ + stars: | 2023-10-05 | by ( Tim Paradis | ) www.businessinsider.com time to read: +3 min

US CEOs say they'd give raises, promotions, or better assignments to those who work at the office. The findings came in a survey from KPMG that showed how frustrated bosses are with remote work. AdvertisementAdvertisementCEOs are really starting to hate remote work — and are willing to go beyond free pizza to get you to come in. Outside of some of the big banks and high-wattage tech firms , many companies have settled into a mix of in-office and remote work. The survey found only one-third of CEOs envision traditional office jobs as remaining hybrid, down from 45% in 2022.

Persons: —, Meta's, Paul Knopp, it's, It's, Knopp, that's, We're Organizations: KPMG, Service, Big Tech, Amazon, KPMG US

☆ TPC Sawgrass: How one woman found her dream home on one of the world’s most famous golf courses
▼ + stars: | 2023-10-02 | by ( Jack Bantock | ) edition.cnn.com time to read: +9 min

“It was a really, really difficult decision,” Burchell told CNN. Rebecca BurchellBurchell’s focus had settled on Seven Mile Drive, a neighborhood that occupies the second-highest price bracket at Sawgrass Players Club. Michael Cohen / Getty ImagesThe view remains the star attraction of life in Sawgrass Players Club for Burchell, but it is far from the only draw. The clubhouse, pictured during the 2011 Players Championship, is the focal point of the community. Fans flock to the iconic 17th island green at TPC Sawgrass to watch Tiger Woods at the 2018 Players Championship.

Persons: Rebecca Burchell, Emma, Liam, Burchell, –, Rebecca’s, Mark, ” Burchell, ”, viewings, Rebecca Burchell Burchell’s, Pete Dye, Bobby Weed, Jerry Pate, that’s, “, I’ve, Michael Cohen, Scott Halleran, …, gridlock, Woods, Richard Heathcote, “ It’s Organizations: CNN, PGA Tour, Sawgrass Players, Burchell, TPC, Yards, Getty, University of Florida Locations: Beaconsfield, England, Ponte Vedra, Jacksonville , Florida, Jacksonville, Florida, Dye’s, Dye's

WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices. Friday's report from the Commerce Department showed that prices rose 0.4% from July to August, up from just 0.2% the previous month. Excluding volatile food and energy prices, though, “core” inflation rose by the smallest amount in nearly three years, evidence that inflation pressures continue to ease. Compared with a year earlier, overall prices rose 3.5% in August, slightly higher than the 3.4% increase in July. The inflation gauge that was issued Thursday, called the personal consumption expenditures price index, is separate from the better-known consumer price index.

Persons: ” Rubeela Farooqi, ’ paychecks, Austan Goolsbee, ” Goolsbee, “, ” Organizations: WASHINGTON, Federal, Commerce Department, Fed, Republicans, Federal Reserve Bank of Chicago Locations: July’s

☆ The 500-year-old hamam bringing Istanbul’s past to life
▼ + stars: | 2023-09-28 | by ( Alice Barnes-Brown | ) edition.cnn.com time to read: +10 min

CNN —Closed to the public for more than a decade, the stunning Zeyrek Çinili Hamam has just reopened its wooden doors to the world. A team of archaeologists and historians at the hamam helped those institutions to identify exactly where their Iznik tiles came from. Ottoman know-how and seamless minimalism come together inside the Çinili Hamam to create the ultimate zone-out space. The glass stars on the domed ceilings (a signature of Ottoman hamam design) allow just enough natural light to shimmer in, but not so much that it dazzles. Yazgan says the Zeyrek Çinili Hamam will closely replicate time-honored Ottoman bathtime traditions.

Persons: Hamam, Mimar Sinan, Suleiman the, Çinili, ”, Koza Yazgan, “, Sinan, London’s, Yazgan, Brüeckner –, Hammam, Murat Germen, Murat, Germen Murat Germen, puffy, ‘, Istanbul’s, It’s Organizations: CNN, hamam, Istanbul Biennial, Marmara Group, Egyptian Museum, UNESCO, Hagia Locations: Istanbul’s Zeyrek, Fatih, Zeyrek, Cairo, Abu Dhabi, Mimar, Turkey, Istanbul, Ayasofya, Hagia Sofia, Ottoman, hamams, Aivita, Marmara, Valens, –

☆ I left LA for NYC but moved back after 5 months. The city just didn't live up to the fantasy — but I have no regrets.
▼ + stars: | 2023-09-28 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +6 min

Julia Broome moved from LA to NYC and returned after 5 months, but she doesn't regret the experience. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with Julia Broome, a 27-year-old social media manager who moved from LA to NYC. Yet NYC felt exciting and new, and with a job opportunity I couldn't pass up, I decided to make the move. But when I finally found a place and moved to Hudson Yards, my money definitely didn't stretch as far. Starting a job in NYCI'd moved to start a new job — a role I just couldn't pass up.

Persons: Julia Broome, —, I'd, would've, she'd, Alyshia Organizations: LA, Service, New, Hudson Yards, Alyshia Hull, ahull@insider.com Locations: LA, New York City, New York, Calabasas , California, Hudson

UNITED NATIONS (AP) — The foreign minister of Belarus, which has a strategic partnership with Russia, says he cannot envision a situation where his country would enter the war in Ukraine alongside Russian forces. Sergei Aleinik said in an interview with The Associated Press that he also can’t imagine a situation where Russia would order his country to use the tactical nuclear weapons it recently deployed in Belarus. The foreign minister disputed the assertions by some opponents that Belarus’ ties to Russia were isolating the country. “It’s clear that by increasing weapons deliveries to this country, the West is determined to continue the war down to the last Ukrainian.”Could he see a situation where Belarus could support the war in Ukraine alongside Russia? The Viasna Human Rights Center recorded 1,496 political prisoners in Belarus at the end of August, including Nobel Peace Prize winner Ales Bialiatski.

Persons: Sergei Aleinik, “, ”, Alexander Lukashenko, Lukashenko, Aleinik, Antonio Guterres, Lukashenko’s, didn’t, ” Aleinik, Ales Bialiatski, Edith M, Lederer Organizations: UNITED NATIONS, Russian, Associated Press, NATO, Belarus, General Assembly, U.N, European Union, Belarus ’, Moscow, General, AP, United Nations, “, Human Rights, The Associated Press Locations: Belarus, Russia, Ukraine, Soviet, BELARUS, RUSSIA, New York, America, China, Lithuania, “ Lithuania, Baltic, Soviet Union, Minsk, Moscow, Western, West, Ukrainian, Russian

☆ This Is How A.I. Ruins the Internet - The New York Times
▼ + stars: | 2023-09-23 | by ( Julia Angwin | ) www.nytimes.com time to read: +1 min

Greg Marston, a British voice actor, recently came across “Connor” online — an A.I.-generated clone of his voice, trained on a recording Mr. Marston had made in 2003. Of course, at that time, Mr. Marston couldn’t envision that IBM would use anything more than the exact utterances he had recorded. Mr. Marston recently discovered his voice emanating from the Wimbledon website during the tennis tournament. Hollywood writers and actors are on strike partly because they want to ensure their work is not fed into A.I. News outlets including The New York Times and CNN have added files to their website to help prevent A.I.

Persons: Greg Marston, “ Connor, Marston, Marston couldn’t Organizations: IBM, Wimbledon, New York Times, CNN Locations: British

☆ The era of America's subminimum wage for tipped restaurant workers may be ending
▼ + stars: | 2023-09-23 | by ( Tim Mullaney | ) www.cnbc.com time to read: +12 min

After a months-long public campaign that began shortly after Mayor Brandon Johnson (right) took office in May, advocates reached a deal with restaurant industry lobbyists to phase out the tipped-minimum wage over five years. "The closest pending victory is in Chicago," said Saru Jayaraman, founder and president of the advocacy group One Fair Wage. Three-fourths said they would reduce the number of tipped workers on their payroll, and nearly half said the cuts would be significant. The $9.48 an hour wage most workers got cost the restaurant $5,449.61, he said, a fraction of the $17,198 in tips workers earned. That's one reason why the restaurant industry engaged in a kind of bidding war against itself, to find a compromise solution that politicians like Alderman Carlos Ramirez Rosa, Johnson's floor manager in the City Council, would buy.

Persons: Brandon Johnson, Scott Weiner, Covid, Hornick, Danny Meyer, Meyer, Chicago –, Saru Jayaraman, Michael Hornick hasn't, Callahan, That's, Weiner, Rick Rick Bayless, Topolobampo, Bayless, He's, –, We've, We're, Johnson —, Democratic Socialist Alliance —, Alderman Carlos Ramirez Rosa, Sam Toia, Rosa Organizations: U.S . Department of Labor, Chicago, Illinois Restaurant Association, City Council, Chicago's, Wrigley, Farm, Frontera Grill, Michelin, Covid, Bar, Frontera, Frontera Group, Democratic Socialist Alliance, Chicago Sun, Times, Times , Illinois Restaurant, CNBC, Sun Locations: downtown, Chicago, York, Covid, Lakeview, Evanston, Frontera, Johnson's, City, Times ,

NEW YORK (AP) — Along with such classics as “In Cold Blood” and “Breakfast at Tiffany's,” Truman Capote had a history of work left uncompleted and unpublished. “I am so happy to be writing stories again — they are my great love," he wrote to a friend. She’d trusted him to the extent of her capital: let him sell her the land, allowed him to build the villa, supply, at pirate prices, the native paraphernalia that furnished it,” Capote wrote. Thomas Fahy, author of “Understanding Truman Capote,” says that the author likely related to Iris Greentree's sense of displacement and alienation. “You could see how his life became very lonely and isolated.”The Strand has published rare works by Ernest Hemingway, John Steinbeck and many others.

Persons: ” Truman Capote, Capote, “, Fontana Vecchia, Lawrence, Miriam, ”, —, Iris Greentree, Signor Carlo Petruzzi, Carlo, She’d, ” Capote, who’d, Thomas Fahy, Truman Capote, Iris Greentree's, ” Fahy, Ernest Hemingway, John Steinbeck, Andrew Gulli, Fahy, Gerard Clarke, Jack Dunphy, Clarke, Fontana, “ Blond Organizations: Magazine, of Congress Locations: New York City, Taormina, Sicily, D.H, Europe, American, “, Belle Vista, New York, New Orleans, Alabama, Connecticut, Monroeville , Alabama, Italy, America

☆ Billionaire investor Bill Gross warns of more pain for bond investors with fixed-income on track for unprecedented 3-year slump
▼ + stars: | 2023-09-22 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Billionaire investor Bill Gross warned the bond market is headed for a record third year of losses. "I think that bonds are headed for a third straight year of losses and that portfolios should own more pipeline MLPs," Gross said. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAdvertisementAdvertisementBillionaire investor Bill Gross warned of more pain for bond investors as US fixed-income assets head for an unprecedented three-year slump. AdvertisementAdvertisementGovernment bond yields surged Thursday after the Federal Reserve kept interest rates unchanged at 5.25%-5.5%, and signaled borrowing costs will remain higher for longer. According to Gross, "the 10 year Treasury is already priced for a 2% inflationary world."

Persons: Bill Gross, Gross Organizations: Service, Federal Reserve Locations: Wall, Silicon

LOS ANGELES (AP) — The average long-term U.S. mortgage rate edged up again this week, another setback for would-be homebuyers navigating an increasingly less affordable housing market. The average rate on the benchmark 30-year home loan rose to 7.19% from 7.18% last week, mortgage buyer Freddie Mac said Thursday. The average rate rose to 6.54% from 6.51% last week. Mortgage rates have been echoing moves in the 10-year Treasury yield, which lenders use as a guide to pricing loans. The average rate on a 30-year mortgage is now more than double what it was two years ago, when it was just 2.88%.

Persons: Freddie Mac, ”, Lisa Sturtevant Organizations: ANGELES, Bright MLS, Treasury, Federal Reserve, Federal, U.S, National Association of Realtors Locations: It’s, U.S

LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers. Would-be homebuyers are also seeing their purchasing power diminish as mortgage rates push higher. Mortgage rates have been echoing moves in the 10-year Treasury yield, which lenders use as a guide to pricing loans. The yield has been climbing amid expectations that the Federal Reserve will keep short-term interest rates higher for longer to fight inflation. “It's possible mortgage rates may go up to 8% in the short run,” Yun said.

Persons: ”, Lawrence Yun, Yun, Freddie Mac, “, ” Yun Organizations: ANGELES, National Association of Realtors, “, Buyers, NAR, Treasury, Federal Reserve, Federal Locations: U.S, It’s

☆ Fed policymakers see 5.1% policy rate at end of 2024
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

That's according to the median of 19 forecasts included in the latest quarterly summary of Federal Reserve policymaker projections published on Wednesday, alongside the Fed's decision to leave its policy rate unchanged in a range of 5.25%-5.50%. Fed officials now see the personal consumption expenditures price index at 3.3% at year end, versus June's forecast of 3.2%, falling to 2.5% by the end of next year, compared with 2.5% seen in June. Fed officials expect further reductions in the policy rate as well, to 3.9% by the end of 2025 - above the 3.4% they projected in June - and to 2.9% by the end of 2026. That would still be above the 2.5% they continue to see as the long-run neutral policy rate - the level of borrowing costs that neither slows nor stimulates a healthy economy. Meanwhile the unemployment rate - which is currently at 3.8% - is seen peaking at 4.1% in 2024 - and remaining there for 2025 - versus the 4.5% high-water mark seen in June.

Persons: Ann Saphir, Dan Burns, Andrea Ricci Organizations: Fed, Thomson

☆ What Fed Rate Moves Mean for Mortgages, Credit Cards and More
▼ + stars: | 2023-09-20 | by ( Tara Siegel Bernard | More About Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Policymakers at the Federal Reserve will announce their latest decision on interest rates on Wednesday, after a series of increases squeezed the budgets of debt-laden Americans and rewarded those with money to stash in savings. The Federal Reserve has raised its benchmark rate, the federal funds rate, to a range of 5.25 to 5.5 percent to rein in inflation, which recently sped up as gas prices rose. Prices remain elevated, leading the Fed to keep rates high for a prolonged period of time. That means the cost of credit cards and mortgages may remain relatively high, making it more difficult for people who want to pay down debt — as well as those who want to take out new loans to renovate their kitchen or buy a new car. “We were very spoiled for a while with low rates, and that lulled us into a false sense of security in terms of what the true cost of debt can be,” said Anna N’Jie-Konte, president of Re-Envision Wealth, a wealth management firm.

Persons: ”, Anna N’Jie Organizations: Federal Reserve, Federal, Fed, Re

CNN —House Democrats have begun internal discussions about how to deal with the prospects of a chaotic situation: The possibility that Speaker Kevin McCarthy could lose his job in an unprecedented vote on the floor. One of the strategies being discussed by Democrats is to vote “present” or vote to kill it all together if a motion to oust McCarthy is brought to the floor. Bacon warned that he would cut a deal with Democrats if they reach an impasse with conservative hardliners. Democrats considering bailing out McCarthy say it wouldn’t necessarily stop there. If McCarthy were challenged, it may only take a handful of Democrats to save him.

Persons: Kevin McCarthy, McCarthy, Hakeem Jeffries, he’d, McCarthy’s speakership, Jeffries, Dan Kildee of, “, Kevin can’t, –, ”, Joe Biden –, you’re, ” It’s, Matt Gaetz, Gaetz, Don Bacon, Bacon, Biden, Debbie Wasserman Schultz, Dean Phillips, you’d, Paul Ryan, John Boehner –, Richard Neal of, ” Rep, Mary Gay Scanlon Organizations: CNN — House Democrats, Publicly, Democratic, ” Democratic, CNN, GOP, Democrats, Freedom Caucus, Republican, Republicans, Capitol, House, Florida, Dean Phillips of, Richard Neal of Massachusetts, ”, Pennsylvania Locations: Dan Kildee of Michigan, Florida, Nebraska, Dean Phillips of Minnesota

Sept 19 (Reuters) - Bitcoin isn't the only asset experiencing a late summer slump. It has shrunk by almost a tenth this year, standing at $124.4 billion as of Sept. 14. A jump in the dollar index on interest rate hikes last year was accompanied by a big rise in stablecoin volumes, he added. Yet all is not equal: Dollar-pegged Tether, the biggest stablecoin, is bucking the losing trend. Reporting by Hannah Lang in Washington; Editing by Michelle Price and Pravin CharOur Standards: The Thomson Reuters Trust Principles.

Persons: James Butterfill, CoinGecko, Paolo Ardoino, Paxos, USDC, TerraUSD, Dante Disparte, it's, Hannah Lang, Michelle Price Organizations: U.S ., New York Department of Financial Services, U.S, Silicon, Bank —, Thomson, Reuters Locations: South America, Central Asia, U.S, Washington

Prime Minister Justin Trudeau said on Thursday he had invited the heads of Canada's five largest grocery chains, including Sobeys (EMPa.TO), Metro (MRU.TO) and Loblaw (L.TO), to Ottawa next week to discuss how they planned to control sky-rocketing food prices. Trudeau's move comes when governments across the globe, especially in Europe, have expressed concern over soaring food prices as they seek to address a cost-of-living crisis that has intensified after the pandemic subsided and since the Russia-Ukraine war began. However, after a similar move from the French government in June, analysts were skeptical about Trudeau's warning. They argued it was a "political" tactic and might be ineffective in lowering lingering food inflation. "Both PM Justin Trudeau and François-Philippe Champagne (Canada's industry minister) spoke tough about this topic and it is difficult to envision what teeth they have to hold grocers accountable," said Ben Jang, portfolio manager at Nikola Wealth.

Persons: Justin Trudeau, Trudeau's, François, Philippe Champagne, Ben Jang, Michael Ashley Schulman, Allan Small, Granth Vanaik, Pooja Desai Organizations: Metro, Loblaw, Nikola Wealth, Running, Capital Advisors, iA, Wealth, Carrefour, Lipton, Nestle, PepsiCo, Unilever, Thomson Locations: Ottawa, Europe, Russia, Ukraine, Bengaluru

☆ Analysts left Microsoft's AI event feeling even more bullish about the stock
▼ + stars: | 2023-09-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Commentary and demonstrations from Microsoft 's recent AI-focused Envision event are giving Wall Street more reasons to get bullish on the technology giant. At the event held in New York on Wednesday, Microsoft highlighted generative artificial intelligence solutions and capabilities, including its Copilot subscription service. The company announced pricing earlier this year for the product, which adds AI capabilities to Microsoft's Office suite. Other Wall Street analysts also reiterated their buy ratings on shares, including Citi's Tyler Radke and Goldman Sachs analyst Kash Rangan. A growing backlog in AI product demand should convert to more paying users as enterprises hunt for "high-[return on investment], quick time-to-value solutions," he added.

Persons: OpenAI, Gregg Moskowitz, Citi's Tyler Radke, Goldman Sachs, Kash Rangan, Rangan, — CNBC's Michael Bloom Organizations: Microsoft, Wall Locations: New York, ChatGPT

☆ Crypto regulation: A 'principles-based' approach is best, CFTC says
▼ + stars: | 2023-09-12 | 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 EmailCrypto regulation: A 'principles-based' approach is best, CFTC saysCaroline Pham, commissioner of the Commodity Futures Trading Commission, says such a framework means "you don't have to envision every possible permutation of what a future product or market might look like … instead, you want to ensure that we are adhering to basic standards."

Persons: Caroline Pham Organizations: Futures Trading Commission

Search resuls for: "EnVision"

25 mentions found