Economies by city in California & Asset management
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Mercedes Is First Automaker to Sell Level 3 Autonomous Vehicles in the US: After securing permission to sell cars with advanced autonomous features in California ...
pcmag.com/news/mercedes-is-first-automaker-to-sell-level-3-autonomous-vehicles-in-the
Quick Glance: Mercedes Sells First Autonomous Vehicle in the US
- Mercedes is the first automaker in the US to sell a car with advanced autonomous features. Drivers are not required to pay close attention to the road.
- Mercedes currently has permission to sell and lease cars with Level 3 autonomous driving in Nevada and California.
- The Drive Pilot system is limited to specific models and requires a yearly subscription. However, it has some restrictions for use.
- While other automakers like Tesla are still offering Level 2 autonomous driving, Mercedes is also working on developing Level 4 autonomous driving capabilities expected to be available by the end of the decade.
Wall Street sees Google stock rallying to $200 because maybe Google can win AI after all
qz.com/google-stock-rally-ai-search-wall-street-analysts-1851438633
Apollo, KKR and Stonepeak may fund Intel's Ireland facility, Bloomberg reports: Apollo Global Management , KKR & Co and Stonepeak may invest billions of dollars ...
reuters.com/technology/apollo-kkr-stonepeak-invest-jv-fund-intels-ireland-facility-bloomberg-reports-2024-04-26/
Sequoia commits to backing Elon Musk’s xAI start-up: Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivals
ft.com/content/fc8355e6-3219-4681-a4da-73feca50cd8a
Quick Glance: Sequoia backs Elon Musk’s xAI venture
- Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.
- The exact amount of Sequoia's investment in xAI remains undisclosed.
- Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
Sam Altman, Jensen Huang, and the 20 other leaders on the new AI safety board: The AI board will advise the Department of Homeland Security on safely and ...
qz.com/sam-altman-jensen-huang-ai-safety-board-biden-security-1851438417
Koo halts salary payments from April: Koo was reportedly in talks to be acquired by news aggregator platform Dailyhunt and short-video app Josh’s parent company ...
financialexpress.com/life/technology-koo-haltsnbsp-salary-payments-from-april-3468743/
Jefferies CEO bought himself a new yacht with $65 million stock sale: He's buying a Westport 164 from his friend and Jefferies client Tilman Fertitta.
businessinsider.com/jefferies-ceo-sold-millions-shares-stock-bought-new-yacht-fertitta-2024-4
Paid articlePaid
Confused about AI? Here are the podcasts you need on artificial intelligence: Want to know more about AI? The Forum has a range of podcasts that will help you ...
weforum.org/agenda/2024/04/ai-artificial-intelligence-forum-podcasts/
The Democratic Republic of Congo (DRC) has accused tech giant Apple of using illegally exploited minerals from its eastern region for iPhones ... Show more
Biden administration taps tech CEOs for AI safety, security board: The Artificial Intelligence Safety and Security Board includes figures like OpenAI CEO Sam ...
nbcnews.com/tech/tech-news/ai-safety-board-biden-sam-altman-openai-security-microsoft-alphabet-rcna149531
Sam Altman's Worldcoin crypto is running out of 'orbs.' But what are orbs?: High demand has forced Worldcoin to increase production of its iris-scanning devices
qz.com/worldcoin-cryptocurrency-orbs-shortage-sam-altman-1851438149
Elon Musk's SpaceX could spinoff Starlink in a big IPO this year, investment adviser says
qz.com/elon-musk-spacex-starlink-spinoff-ipo-investment-advise-1851433211
Focus on Microsoft Stock: Most Valuable Company in the World Reports This Important News
boerse-online.de/nachrichten/aktien/fokus-auf-microsoft-aktie-wertvollstes-unternehmen-der-welt-meldet-diese-wichtigen-nachrichten-20356218.html
First Citizens beats profit estimates, says SVB business stabilized: First Citizens BancShares' first-quarter profit beat expectations as the lender earned ...
reuters.com/markets/us/svb-owner-first-citizens-profit-beats-estimates-interest-income-strength-2024-04-25/
Bill Gates and Sam Altman invest in nuclear power and you should too, financial adviser says
qz.com/bill-gates-sam-altman-nuclear-power-energy-stocks-1851432722
Assessing the risk of an investment is not only about considering potential shortfalls, but also the corresponding risk of missing out on gains due to such ... Show more
A Nvidia-backed startup just unveiled AI avatars that can express human emotions: Synthesia introduced its fourth-generation "Expressive Avatars ...
qz.com/synthesia-introduces-ai-avatars-human-expression-nvidia-1851434555
Car rental operator Hertz reported it lost another $200 million due to its EV gamble.
Hertz’s EV fleet — which once stood at 60,000 EVs ... Show more
Hertz loses another $200 million from its EVs
Hertz loses another $200 million from its EVs
India's Axis Bank re-appoints Amitabh Chaudhry as MD, CEO: India's Axis Bank has re-appointed Amitabh Chaudhry as its chief executive officer and managing ...
reuters.com/business/finance/indias-axis-bank-re-appoints-amitabh-chaudhry-md-ceo-2024-04-25/
USAF shortlists Anduril and General Atomics to develop drone wingmen: Anduril and General Atomics have received funding from the USAF to develop and test loyal ...
aerotime.aero/articles/usaf-anduril-general-atomics-loyal-wingmen
A recent study sheds some light on each generation’s housing burden, and suggests that Gen Z has it better in the housing market than the millennials who came ... Show more
The Gen-Z Advantage in Housing - The New York Times
The Gen-Z Advantage in Housing - The New York Times
Quick Glance: The Advantage of Gen Z in the Real Estate Market
- Research indicates that Gen Z performs better in the real estate market compared to the previous Millennials.
- On average, Gen Z-ers will spend approximately $145,000 on rent by their 30th birthdays, while millennials spent $127,000 during the same life stage.
- The share of income required for housing is around 27 percent for both generations, with Gen Z earning slightly more.
- Overall, housing costs for Gen Z owners are lower than for millennials, with Gen Z owners only needing to allocate about 30 percent of their income towards housing.
Nevertheless, many people are afraid of the rapid development of artificial intelligence - According to Sam Altman, there is no reason for this.
UK's Schroders CEO Harrison plans to retire next year: Schroders said on Wednesday that CEO Peter Harrison plans to retire next year after eight years in the top ...
reuters.com/business/finance/uks-schroders-says-ceo-harrison-retire-next-year-2024-04-24/
Elon Musk finally the 'adult in the room,' Tesla headed for growth: Wedbush: "Elon Musk finally stepped up as the adult in the room and laid the foundation for ...
markets.businessinsider.com/news/stocks/tesla-stock-price-elon-musk-q1-earnings-outlook-model-2-2024-4
Quick Glance: Elon Musk Leads Tesla to Growth: Wedbush
- Elon Musk is referred to as the 'adult in the room' and lays the foundation for Tesla's growth strategy, according to Wedbush analysts.
- Tesla stock could be headed for better days, as Elon Musk finally steps up as the 'adult in the room' to calm investors amidst various headwinds, noted Wedbush Securities analyst Dan Ives.
- The company particularly reiterated its guidance on the Model 2, a lower-cost electric vehicle set to roll out next year, eagerly awaited by Wall Street to boost sales. This cheaper model will be crucial for Tesla's success, focusing on sales volume in the near term, as highlighted by Ives.
- Despite short-term headwinds, Tesla is on a good trajectory in the long run, as mentioned by Wedbush. Ives added that the company has a 'golden vision' regarding its full self-driving technology, pivotal for Tesla's strategy over the next decade.
Volkswagen aims to keep China market share stable as price war rages: Volkswagen aims to keep its Chinese market share roughly stable until the end of the decade ...
reuters.com/business/autos-transportation/volkswagen-aims-maintain-15-market-share-china-2030-country-chief-says-2024-04-24/
Goldman Sachs: The Best Dividend Growth Stocks for Investors to Watch Now: Goldman Sachs recommends high-dividend stocks for 2024 with over 6% growth.
boerse-online.de/nachrichten/aktien/goldman-sachs-die-besten-dividendenwachstumsaktien-die-fuer-anleger-jetzt-interessant-sind-20355982.html
The Federal Reserve will not bring interest rates back down to their post-financial crisis lows, according to veteran investor Howard Marks — and he believes ... Show more
Market veteran Howard Marks says Fed is 'not going back' to ultra-low rates
Market veteran Howard Marks says Fed is 'not going back' to ultra-low rates
ValueAct's reputation gamble in Japan pays off: ValueAct Capital can breathe a sigh of relief. The U.S. investment firm prefers to chide management of ...
reuters.com/breakingviews/valueacts-reputation-gamble-japan-pays-off-2024-04-23/
UN calls for investigation into mass graves uncovered at two Gaza hospitals raided by Israel
washingtonpost.com/world/2024/04/23/un-israel-palestinians-hospital-graves-investigation/e87cd61c-01bf-11ef-8eac-39c6dcb59eb5_story.html
Quick Glance: UN Calls for Investigation into Mass Graves at Two Gaza Hospitals
- The United Nations called for a thorough and transparent investigation into the mass graves at two major hospitals in Gaza that were searched by Israeli troops.
- It was emphasized that investigators must have access to the sites, and a greater number of journalists should be able to work safely in Gaza to report on the facts.
- Some of the bodies belonged to individuals killed during the hospital siege, while others were victims when Israeli forces raided the hospital.
- The discovery of the graves highlights the urgency of a ceasefire, the end of the conflict, improved access for humanitarian aid, the protection of hospitals, and the release of Israeli hostages.
CoStar to buy Matterport in $1.6 bln deal to boost digital real estate services: CoStar Group said on Monday it would buy Matterport in a cash-and-stock deal ...
reuters.com/markets/deals/costar-group-buy-matterport-deal-valued-16-bln-2024-04-22/
Shunichi Miyanaga, Chairman of the Board, Mitsubishi Heavy Industries, will attend and co-chair the World Economic Forum's Special Meeting on Global ... Show more
Special Meeting on Global Collaboration, Growth and Energy for Development 2024 | World Economic Forum
Special Meeting on Global Collaboration, Growth and Energy for Development 2024 | World Economic Forum
Here’s a lab-grown diamond startup that’s attracted a16z’s attention: Throughout hip-hop’s long history, jewelry has served as an important vehicle for artists ...
techcrunch.com/2024/04/22/a16z-pascal-lab-grown-diamond/
LeBron James’ tattoo artist has lost a lawsuit against NBA2K — the game can keep the tattoos on LeBron’s 2K player as it was not considered copyright ... Show more
Korean investors remain bullish about Tesla despite rising anxiety: The recent plunge in Tesla's stock price has unnerved domestic investors ...
koreatimes.co.kr/www/biz/2024/04/175_373305.html
Fans arrive in Detroit for start of NFL Draft: Sunny weather greeted fans as they arrived in Detroit for the start of the draft, which runs through Saturday.
detroitnews.com/story/news/local/detroit-city/2024/04/25/fans-arrive-in-detroit-for-start-of-nfl-draft/73451120007/
Quick Glance: Responsibility for Hitting a House with a Golf Shot
- Hitting a house with a golf shot requires a proper response, similar to a traffic accident hit-and-run situation.
- While homeowners on golf courses are often seen as self-reliant, both law and etiquette dictate that a golfer is responsible for damages.
- Ignoring responsibility after damaging a house can lead to legal consequences, emphasizing the importance of maintaining proper ethical behavior.
- Although the homeowner's reaction may vary, it is always crucial to take ownership and handle the situation appropriately.
Visa profits jump as struggling customers turn to plastic to pay bills: Credit card usage has increased dramatically in the US in recent months ...
euronews.com/business/2024/04/24/visa-profits-jump-as-struggling-customers-turn-to-plastic-to-pay-bills
Tesla (TSLA) Q1 earnings preview: What to expect as stock drops on price cuts: Tesla is facing uncertainty as it pivots away from low-cost vehicles towards ...
markets.businessinsider.com/news/stocks/tesla-q1-earnings-preview-street-estimates-tsla-stock-price-elon-2024-4
$10 billion windfall for tech short sellers : Amid the UBS downgrade, tech stocks took a beating this past week, leading to their worst performance in over a ...
wionews.com/videos/10-billion-windfall-for-tech-short-sellers-714072
Profit momentum of Big Six tech companies to 'collapse' over 2024, UBS says: Profit growth momentum of the so-called Big Six technology stocks could
reuters.com/markets/us/profit-momentum-big-six-tech-companies-collapse-over-2024-ubs-says-2024-04-22/
MicroStrategy, Coinbase, and other crypto stocks jump after the Bitcoin 'halving'
qz.com/microstartegy-coinbase-jump-after-bitcoin-halving-1851426739
Sam Altman and others are investing $20 million in a startup tackling AI's energy problem
qz.com/sam-altman-exowatt-investment-ai-data-energy-1851425607
Nvidia will soar 21% to $1,000 as its new AI chip slams would-be rivals, Morgan Stanley says. It’s among 10 stocks set to surge
fortune.com/2024/04/23/nvidia-amazon-morgan-stanley-10-stocks-to-buy/
Paid articlePaid Nike is getting back to the basics after its exclusive sneaker bid fell short: The shoe and athletic apparel giant is looking to grow sales in its running ...
qz.com/nike-running-shoes-paris-olympics-lululemon-on-hoka-1851426426
Top Wall Street analysts pick these 3 dividend stocks for higher returns: TipRanks' analyst ranking service highlights Wall Street's best-performing stocks ...
cnbc.com/2024/04/21/wall-street-analysts-pick-these-3-dividend-stocks-for-higher-returns.html
Greenpeace sounds warning over nitrates in water: Greenpeace claims drinking water in several Canterbury towns is contaminated with potentially dangerous levels ...
rnz.co.nz/national/programmes/checkpoint/audio/2018935331/greenpeace-sounds-warning-over-nitrates-in-water
Salesforce is ditching its deal to buy Informatica, report says: The deal, worth about $10 billion, would have been one of Salesforce's largest acquisitions ever
qz.com/salesforce-informatica-no-deal-1851425746
Google scraps minimum wage, benefits rules for suppliers and staffing firms: Alphabet Inc's Google on Friday said it will roll back requirements that U.S ...
reuters.com/technology/google-scraps-minimum-wage-benefits-rules-suppliers-staffing-firms-2024-04-19/
Quick Glance: Google to Remove Minimum Wage and Benefits Rules for Suppliers and Staffing Firms
- Alphabet Inc's Google will roll back requirements for U.S. suppliers and staffing firms to pay their employees at least $15 an hour and provide health insurance and other benefits.
- These updates are designed to comply with shifting U.S. and global labor regulations related to contingent workers.
- The company is committed to ensuring vendors and staffing firms prioritize safe working conditions and compliance with legal standards.
- This decision follows the U.S. National Labor Relations Board's ruling that Google is considered a 'joint employer' of workers from staffing firm Cognizant Technology Solutions.
LeBron James tattoo artist loses trial against 'NBA 2K' maker Take-Two: Take-Two Interactive's 2K Games, the maker of the popular 'NBA 2K' basketball video-game ...
reuters.com/legal/litigation/lebron-james-tattoo-artist-loses-trial-against-nba-2k-maker-take-two-2024-04-19/
Quick Glance: LeBron James Tattoo Artist Loses Case Against 'NBA 2K' Maker Take-Two
- Take-Two Interactive's 2K Games successfully defended against allegations of copyright infringement regarding LeBron James' tattoos in their games.
- The jury found that Take-Two had the right to depict the tattoos based on their agreement to use James' likeness in the games.
- Tattoo artist Jimmy Hayden sued Take-Two, claiming that their depiction of his tattoos in the NBA 2K series violated his copyrights.
- The verdict was deemed significant for the entertainment industry and individuals concerned about sharing their tattooed bodies freely.
Wells Fargo bond saleswoman sues over 'unapologetically sexist' workplace: Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who ...
reuters.com/legal/wells-fargo-bond-saleswoman-sues-over-unapologetically-sexist-workplace-2024-04-19/
Napa Valley is California’s wine barometer, an expensive one: Big corporations — and lots of tourists — are changing the West Coast’s most famous wine-growing ...
ft.com/content/15a3ed6f-60cc-4410-9e4e-b517387c932c
Wells Fargo Center in downtown Minneapolis for sale, Capella University downsizing in namesake tower
startribune.com/wells-fargo-center-minneapolis-for-sale-capella-university-downsizing-tower/600360262/
Morgan Stanley consumer IPO banker Passi leaving the bank, sources say: Morgan Stanley's North America head of consumer and retail equity capital markets (ECM) ...
reuters.com/business/finance/morgan-stanley-consumer-ipo-banker-passi-leaving-bank-sources-say-2024-04-19/
Sony in Talks to Join a Bid to Buy Paramount: The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger ...
nytimes.com/2024/04/18/business/paramount-sony-apollo-bid.html
What the union vote at Volkswagen means for Tesla: Friday's victory at Volkswagen in Tennessee represents a turning point for the United Auto Workers union as ...
businessinsider.com/uaw-union-vote-volkswagen-tesla-elon-musk-organizing-2024-4
@easymoneysniper debuted his upcoming 17th signature model for the Suns’ opening game of the playoffs.
Sony in Talks to Join a Bid to Buy Paramount: The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger ...
nytimes.com/2024/04/18/business/paramount-sony-apollo-bid.html
Tesla Semi charging corridor project is still alive despite Biden admin funding snub
techcrunch.com/2024/04/18/tesla-semi-big-rig-charging-corridor-biden-funding/
T. Rowe Price says 2018 Tesla pay aligned with investor interests: Mutual fund firm T. Rowe Price said Elon Musk's record-breaking 2018 pay package from Tesla ...
reuters.com/business/autos-transportation/t-rowe-price-says-2018-tesla-pay-aligned-with-investor-interests-2024-04-18/
UnitedHealth unit Change faces issue processing some medical claims: UnitedHealth Group said on Thursday it had resolved an issue that had hampered processing of ...
reuters.com/business/healthcare-pharmaceuticals/unitedhealth-unit-change-healthcare-faces-issue-processing-some-medical-claims-2024-04-18/
Wells Fargo has worn its dunce cap long enough: The problem child of U.S. banking has been sitting on the naughty step for six long years ...
reut.rs/3Un0in0
'What has gone wrong with the No 5 bus in York...?': 'What has gone wrong with the No 5 bus in York...?'
yorkpress.co.uk/news/24260301.what-gone-wrong-no-5-bus-york-/
Basel Chair urges banks to fully implement capital rules as soon as possible: Basel Committee Chair Pablo Hernandez De Cos on Thursday urged banks to fully ...
reuters.com/business/finance/basel-chair-urges-banks-fully-implement-capital-rules-soon-possible-2024-04-18/
Math Nerds Beware: Peter Thiel Warns AI is Coming For Your Jobs First: Beware coders, accountants and all those whose jobs are number-centric ...
trib.al/Vuuy7fL
Commercial real estate foreclosures jumped 117% in March as trouble looms: A new report from ATTOM shows there were 625 U.S. commercial real estate foreclosures ...
foxbusiness.com/economy/commercial-real-estate-foreclosures-jumped-march-trouble-looms
a16z-backed Rewind pivots to build AI-powered pendant to record your conversations
techcrunch.com/2024/04/17/a16z-backed-rewind-pivots-to-build-ai-powered-pendant-to-record-your-conversations/
US regional banks seen booking more commercial property losses, loan sales
reuters.com/markets/us/us-regional-banks-seen-booking-more-commercial-property-losses-loan-sales-2024-04-17/
JPMorgan CEO Dimon sells about $33 mln shares, completes planned sale
reuters.com/business/finance/jpmorgan-ceo-dimon-sells-about-33-mln-shares-completes-planned-sale-2024-04-15/
How much money do you need to retire? Most Americans calculate $1.8 million, survey says.
usatoday.com/story/money/personalfinance/2023/08/02/how-much-money-americans-need-for-retirement/70507274007/
Vorlon is trying to stop the next big API breach: Application programming interfaces, or APIs as they’re commonly known, are the bedrock of everything we do ...
techcrunch.com/2024/04/17/cybersecurity-startup-vorlon-funding-api-breach/
Andreessen Horowitz’s $7.2B new funds for a “new era”: What is worth $11 billion and wants to go to Mars to collect rocks? NASA’s mission to Mars to collect ...
techcrunch.com/2024/04/17/andreessen-horowitzs-7-2b-new-funds-for-a-new-era/
Fintech startup Mercury, which is under regulatory scrutiny, expands into consumer banking
techcrunch.com/2024/04/17/fintech-banking-startup-mercury-is-expanding-into-consumer-banking/
The 10 best U.S. companies to work for in 2024, according to LinkedIn—Amazon is No. 2
cnbc.com/2024/04/16/the-best-us-companies-to-work-for-in-2024-according-to-linkedin.html
Here are the top 15 companies in Singapore to work for, according to LinkedIn: LinkedIn has released its 2024 list of the top companies to work for in Singapore ...
cnbc.com/2024/04/17/linkedin-top-15-companies-to-work-for-in-singapore-in-2024.html
'Net interest income' has Wall Street worried right now. Here's what it is and why it matters
qz.com/net-interest-income-nii-bank-earnings-fed-interest-rate-1851416810
'Sound of Freedom' success boosts Angel Studios' confidence: 'We're flipping the script'
usatoday.com/story/entertainment/movies/2024/04/10/angel-studios-unveils-upcoming-movies-cinemacon/73271234007/
BMO chief says US economy improving, calls California 'a strategically important market'
reut.rs/3JhT8u5
Justice Dept. to hit concert promoter Live Nation with antitrust lawsuit : Critics — including performers, politicians and competitors — have argued that Live ...
washingtonpost.com/business/2024/04/16/live-nation-antitrust-justice/
The Dow drops 250 points as Tesla and Trump Media struggles overwhelm bank earnings and retail sales
qz.com/dow-jones-tesla-trump-media-goldman-sachs-reddit-1851411400
K-pop stocks have sold off this year, but Goldman sees a turnaround: The K-Pop market is 'misunderstood', says Goldman Sachs, and it is on track for further ...
cnbc.com/2024/04/17/goldman-sachs-sees-turnaround-for-kpop-stocks.html
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