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☆ Tractor maker Deere's future in precision agriculture hinges on space-based connectivity
▼ + stars: | 2023-05-18 | by ( Morgan Brennan | ) www.cnbc.com time to read: +5 min

But the farm equipment maker has been planting the seeds for an increasingly high-tech and autonomous future – one that critically hinges on space. But connectivity is the linchpin of this vision, and space fills a void left by fiber and traditional cellular signals. "We think satellite communications is a really intriguing, interesting technology to pursue to sort of solve that communications gap." Last fall the company put out a request for proposal to the satellite communications industry to partner on space-based connectivity services. "We had this opportunity to bring two industries together — satellite space communications and agriculture — and say, 'What kind of value could we create?'"

☆ 'Really exciting': Fund manager picks A.I. stocks and names an opportunity 'we haven't seen yet'
▼ + stars: | 2023-05-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Big tech isn't dead, according to portfolio manager Trent Masters, who identified his favorite stocks to play artificial intelligence and more. While there were minimal changes to earnings estimates in aggregate, this was better than feared heading in," said Masters, global portfolio manager at Sydney-based Alphinity. Masters said that one "really exciting area" yet to be explored is the creation of verticals that sit on top of large language models like ChatGBT. Large language models, or LLMs, are programmed to understand human language and generate responses based on large sets of data. Microsoft Masters said Microsoft is "the first port of call" for investors who want to delve into AI.

☆ McCarthy blocks Tlaib event marking Palestinian displacement, known as Nakba
▼ + stars: | 2023-05-10 | by ( Haley Talbot | ) edition.cnn.com time to read: +3 min

Many Arabs, especially Palestinians, commemorate the displacement every year as Nakba Day. McCarthy intervened late Tuesday to reserve the Capitol Visitor Center space where Tlaib – the first Palestinian-American US congresswoman – was going to host a Wednesday event, according to a spokesperson for McCarthy. Tlaib responded in a statement, saying, “Speaker McCarthy wants to rewrite history and erase the existence and truth of the Palestinian people, but he has failed to do so. “We fully plan on moving forward with this event and we will continue to ensure that Palestinian voices are heard. McCarthy will instead lead a bipartisan briefing celebrating the 75th anniversary of the US-Israel relationship instead, his office says.

☆ Women in Climate Leadership: Meet 10 leaders who refuse to let the climate crisis go unchecked
▼ + stars: | 2023-05-10 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +3 min

"It's like a comedy-drama satire," Margolin, a junior at New York University, told Insider of the film, called "Doomers." It's about a former youth climate activist and a former NASA climate scientist who go out for a night of hedonistic destruction to celebrate giving up on fighting the climate crisis. Margolin started to worry that the youth climate movement had inadvertently created a capitalistic monster. So many companies, even big polluters or those with sweatshops in their supply chains, talk about sustainability and climate justice. "Corporations and politicians have exploited the youth climate movement," Margolin said.

UBS says it sees "the sun shining bright from the bottom of the pool" on Pentair . The analyst thinks that the pool business is nearing a trough in demand in the third quarter. "Nearer-term, we see the guided ~20% pool volume decline this year as sufficient to de-risk the business, which should start shifting investor focus to the 2024 demand recovery. PNR should see healthy margin uplift from operating initiatives paired with volume growth post-'23," Karas said. PNR YTD mountain Pentair PLC stock —CNBC's Michael Bloom contributed to this report.

Lenders wasted little time in charging more for loans when interest rates rapidly rose from an almost 15-year slumber around zero last year, but most have dragged their feet on boosting deposit rates paid to millions of their customers. Money market funds are proving popular among savers seeking bigger returns on their cash as high levels of inflation persist. Data from Refinitiv Lipper showed more than 34 billion euros ($37.6 billion) of net flows into European money market funds in March, the best-selling asset type that month. Fidelity International also reported an 8% year-on-year uplift in flows into money market funds on its investment platform between Jan. 1 and April 26. Some lawmakers have criticised banks for the mismatch between what they charge borrowers and the interest rates offered to savers.

Introduction to Visa Signature BenefitsVisa Signature benefits are a premium offering for cardholders seeking more from their credit experience. Always cross reference Visa Signature benefits with your specific cardholder agreement to ensure that a benefit applies to your card. How to Maximize Your Visa Signature BenefitsMaximizing your Visa Signature benefits means understanding how to leverage every feature. FAQsCan Visa Signature benefits vary by card issuer? Furthermore, Visa Signature cards often come with no foreign transaction fees, which means you can make purchases abroad without incurring additional charges.

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☆ It's not AI that is going to take you job, but someone who knows how to use AI might, economist says
▼ + stars: | 2023-05-03 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

AI won't take your job — if you know how to use it, economist Richard Baldwin said at the World Economic Forum's Growth Summit. He believes AI can uplift the middle class and will affect every job. "AI won't take your job," Baldwin said during a panel at the 2023 World Economic Forum's Growth Summit. Baldwin's thoughts on AI come as generative AI tools like ChatGPT have sparked debate over whether the tech will replace jobs. Given the meteoric rise of generative AI tools, it's only a matter of time before rote tasks will be eliminated.

☆ New UBS investor pitch fits better than old one
▼ + stars: | 2023-04-25 | by ( Liam Proud | ) www.reuters.com time to read: +3 min

LONDON, April 25 (Reuters Breakingviews) - UBS’s (UBSG.S) old strategy under former CEO Ralph Hamers was safe but not particularly rewarding. True, the wealth business pulled in about $20 billion of new fee-paying assets in the first quarter. The revenue UBS generates in wealth management fell to 78 basis points of average fee-earning assets in the first quarter, from 82 basis points a year ago. The second Ermotti era, by contrast, at least offers the chance of some upside. UBS reckons it can eventually wring $8 billion of annual cost savings from the combination with Credit Suisse.

☆ Wolfe Research downgrades this outperforming A.I. stock, says shares could fall 30% as growth risks loom
▼ + stars: | 2023-04-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Despite surging nearly 80% this year, Wolfe Research expects slowing growth concerns to weigh on C3.ai in the months ahead. Analyst Joshua Tilton downgraded the popular artificial intelligence stock benefitting from the push toward generative AI , citing risks to long-term growth expectations. Central to Tilton's downgrade is the fear that C3.ai's transition to a consumption model would require "near-perfect execution and rates of adoption" to attain management's 30% revenue growth goal. To hit 20% consensus 2024 revenue growth forecasts, the analyst also estimates that C3.ai would need to grow revenues unrelated to Baker Hughes by 28.3%, representing the largest year-over-year increase on record. Along with the downgrade, Tilton placed a $14 price target on shares and revised the firm's full-year 2024 growth outlook to 11%, below the 20% consensus expectation.

☆ 5 marketing experts on how to pull off a heritage-month campaign that's authentic and builds trust with the community
▼ + stars: | 2023-04-18 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +7 min

"I want all businesses to make people of all stripes feel warm and welcome," he told Insider. "There are times when something can be well-intentioned but could be wildly off," he told Insider. Michelle Thames, founder of Thames Media Solutions. Courtesy of Michelle ThamesAuthentic marketing resonates with people and is more likely to boost brand awareness, said Michelle Thames, founder of Thames Media Solutions in Chicago. "It's definitely important to have a connection instead of just posting a meme and slapping up a picture, which doesn't really resonate," she told Insider.

☆ Burger King is selling more Whoppers than ever before in early days of its U.S. turnaround
▼ + stars: | 2023-04-14 | by ( Amelia Lucas | ) www.cnbc.com time to read: +5 min

Seven months after Burger King unveiled a strategy to revive its U.S. business, the chain is selling more Whoppers than ever before. Burger King also held roundtables for general managers in 45 cities. Additionally, Burger King launched its "You Rule" marketing campaign in the fall. The chain's mascot, the Burger King, is nowhere to be seen in the ads. Two Burger King franchisees have filed for bankruptcy so far in 2023.

☆ This Massachusetts lawmaker wants to create a 4-day workweek: 'A life built around working all the time is not a very happy one'
▼ + stars: | 2023-04-13 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

A pair of Massachusetts lawmakers are the latest to try and make the four-day workweek a reality. Rep. Dylan Fernandes of Falmouth and Rep. Josh Cutler of Duxbury filed legislation this week to create a voluntary program, the "Massachusetts Smart Work Week Pilot," that would create a tax credit for businesses who move their workers to a shorter week for the same pay. Participating businesses would be required to transition at least 15 workers to a 32-hour, four-day weekly schedule without reducing their salaries. Employers would receive a tax credit in exchange for regularly reporting the shortened week's economic and social impact in their organization, such as on employee wellbeing and work-life balance. The legislation will now be directed to a committee and considered in a committee hearing.

☆ How digital ecosystems can build a closer, more inclusive world
▼ + stars: | 2023-04-13 | by ( Sponsor Post | Created Insider Studios With Tata Communications | ) www.businessinsider.com time to read: +9 min

How to build a world that looks after everyoneThe conference highlighted the need to embrace equity in all walks of life. Tata Communications’ Genius Wong pledges to build a more inclusive digital economy and work with Georgette Tan (pictured) and the team at United Women Singapore to bridge the digital divide. Adopting Tata Communications' remote broadcast solution helped his organization reduce its normal on-site staff count by over 30% without compromising content delivery. Tata Communications leadership along with SMS Tan Kiat How stand together to build a secure and inclusive digital economy. Find out how Tata Communications is hyperconnecting Formula 1 fans globally to the world-class track-side F1 experience.

☆ IMF's Georgieva sees global growth below 3% in 2023, says robust recovery remains 'elusive'
▼ + stars: | 2023-04-06 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

That is the global lender's lowest medium-term growth forecast since 1990, and well below the average growth of 3.8% seen in the past two decades. Georgieva said strong and coordinated monetary and fiscal policy actions to respond to the COVID-19 pandemic and Russia's invasion of Ukraine had prevented a much worse outcome in recent years, but growth prospects remained weak in both the near- and medium-term given persistently high inflation. "With rising geopolitical tensions and still-high inflation, a robust recovery remains elusive. She said India and China would account for half of global growth in 2023, but about 90% of advanced economies would see a decline in their growth rate this year. Recent bank failures in Switzerland and the United States had exposed risk management failures at specific banks and supervisory lapses.

☆ 'Black wealth matters': How a millennial is helping his community build wealth through education
▼ + stars: | 2023-04-05 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +7 min

Learning the tricks of the tradeMac's wake-up call to start investing came early in his undergraduate career. "That was the one thing that opened my eyes and my curiosity and made me say, 'OK, I want to start investing.'" His interest in investing and wealth management eventually led him to a career on Wall Street. Making music as the "Wall Street Rapper," Mac began fusing the worlds he'd come to know so well: Black and urban hip-hop culture with Wall Street financial know-how. Mac adopted the slogan "Black wealth matters" to bring attention to the idea that economic empowerment is a major step toward equality for Black Americans.

☆ Fact Check-Fabricated Joe Biden tweet about anti-LGBTQ legislation passed by Uganda’s parliament shared online
▼ + stars: | 2023-04-04 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

The image also purports to show replies from Uganda’s President Yoweri Museveni and Russian President Vladimir Putin. There is no record of the tweets, and the handles differ from the official accounts of these world leaders. Reuters reported that Uganda’s parliament passed a law making it a crime to identify as part of the LGBTQ community on March 21, 2023. There is a spacing issue with Biden’s handle, which appears to have a space between “Joe” and “Biden” in the screenshot circulating online. An alleged tweet by Joe Biden on Uganda’s law making it a crime to identify as LGBTQ has been fabricated.

☆ As Wall Street turns bearish on the U.S., here's where the pros say to invest
▼ + stars: | 2023-04-04 | by ( Zavier Ong | ) www.cnbc.com time to read: +6 min

Within Europe, Goldman prefers companies in value sectors that pay dividends , as well as select defensive and growth stocks in the market. Emerging markets Several Wall Street analysts are putting their money on emerging markets, with most bullish on China, the world's second-largest economy. While the bank expects just 1% earnings growth for emerging market stocks, it said the sector's valuation looks attractive at a 23% discount to global peers. Philip Blancato, CEO at Ladenburg Thalmann Asset Management, is also bullish on emerging markets. He added that the case for adding to emerging market allocations is growing, particularly given the "near guarantee" of a softer dollar in the short- to medium-term.

☆ The rapid run-up in stocks prompts us to exit one position and to trim another
▼ + stars: | 2023-04-04 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Shortly after the opening bell, we will be exiting our position in Devon Energy (DVN), selling 500 shares at roughly $53.71. Now that our trading restrictions have cleared, we are selling the rest of our Devon Energy position into its recent strength. Last month we laid out a few reasons why our plan was to part with Devon Energy but keep Pioneer Natural Resources (PXD) and Coterra Energy (CTRA). With our exit of Devon Energy, we'll realize an average loss of about 7.7% on our last remaining shares. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ 4 crew members who were promised a role in NBC's 'Bel-Air' speak out: 'I left my son for a year for nothing'
▼ + stars: | 2023-04-04 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +16 min

Four cast and crew members from the "Bel-Air" fan video were told they'd get hired for the TV show. Kerry Rounds, producer: 'I helped the fan trailer go viral and connected Cooper to Will Smith'I'm a film producer and social-media strategist. When the trailer was done and posted, I told Cooper I could call in some favors and get this thing seen. Cooper told me he'd pitched me for an executive role to NBC. When Kerry was still around for the project, things seemed to function more like a professional film set.

March saw six interest rate hikes across eight meetings by central banks overseeing the 10 most heavily traded currencies. This follows six interest rate hikes delivering 250 bps of uplift across six meetings by G10 central banks in February. "By clearly separating financial and price stability goals and tools, major central banks carried on with rate hikes through the tumult." However, the world's top central banks are openly contemplating an early end to their rate hikes, not least because of the recent financial turmoil. This compares with February, when 13 emerging central banks met and only four hiked by a total of 175 bps.

☆ Here are Friday's biggest analyst calls: Boeing, Tesla, Disney, Generac, Wells Fargo, Alphabet & more
▼ + stars: | 2023-03-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

UBS reiterates Wells Fargo and Bank of America as buy UBS said it sees a re-rating for bank stocks such as Wells and Bank of America. Morgan Stanley names Mercadolibre a top pick Morgan Stanley said it sees multiple growth drivers for the LatAm e-commerce company. Deutsche Bank reiterates Charles Schwab as buy Deutsche said it's standing by its buy rating on shares of Charles Schwab. UBS reiterates Disney as buy UBS said it thinks Disney will take a 100% ownership stake in Hulu and integrate it with Disney+. Morgan Stanley reiterates elf Beauty as overweight Morgan Stanley said it sees a long-term growth opportunity for the beauty company.

The median credit score in predominantly Black zip codes is significantly lower than the median credit score of all communities. These sections teach you how to establish credit, raise your credit score, and prepare your finances for a large purchase. If you want to borrow money, you need a credit score; but to raise your credit score, you need to make payments on a loan. Becoming an authorized user is one of the easiest ways to build credit and one that's popular for parents looking to help their children build credit. Once you spend some time with these products, you'll have the credit score to move onto traditional credit products.

Diverse hiring helps life insurance companies connect with underserved communities. Life insurance companies are focusing on community and product development. Many of the largest insurance companies have historically denied Black applicants, given them lower-value life insurance than white applicants who paid the same amount, and engaged in other discriminatory activity. Research from William G. Gale, a Brookings Institution economics expert and co-author of "Racial Discrimination in Life Insurance," found that while Black families were 3% more likely than their white counterparts to have a life insurance policy, the differences in inheritances (often including life insurance payouts) accounted for 10-20% of the wealth gap. Aside from eliminating blatantly discriminatory underwriting, Guardian Life has opened the door to life insurance for people with HIV.

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