Author: News Room
At Google’s Mountain View headquarters this week, a man clad in a rainbow-hued dressing gown emerged from a giant coffee cup to give a vibrant if somewhat surreal demonstration of the company’s latest achievements in generative AI. At the I/O event, electronic musician and YouTuber Marc Rebillet tinkered with an AI music tool that can generate synced tracks based on prompts like “viola” and “808 hip-hop beat”. The AI, he told developers, came up with ways to “fill in the sparser elements of my loops . . . It’s like having this weird friend that’s just like ‘try this, try that’.”What Rebillet was describing…
Investment Thesis Carvana Co. (NYSE:CVNA) is a deeply unpopular stock, but that hasn’t stopped it from being a terrific investment. What’s more, in the same vein as I was unpopular in recommending CVNA to you, with unshakable bullishness in the past year, I’m now no longer willing to ride this rocket any further. I believe that when it comes to investing, it’s never about how much you make. It’s about how much you keep. Today, I no longer believe my risk-reward is as attractive. There may still be some juice left in this stock, but for all intents and purposes,…
Last updated: May 17, 2024 14:08 EDT | 4 min read Institutional interest in digital assets is gaining traction. As of the end of Q1, more than 900 institutions based in the United States had disclosed spot Bitcoin exchange-traded fund (ETF) shareholdings exceeding $100 million, equating to $10.7 billion combined.In addition, leading asset management firms, including BlackRock and Franklin Templeton, have launched tokenized treasury funds. Recent data indicates that more than $1 billion in treasury notes has been tokenized on public blockchain networks.A bi-annual survey conducted by KPMG in Canada further found that institutional investors located in the region greatly increased…
Baby He’s a Rich Man. Paul McCartney has added another feather in his cap as the United Kingdom’s first billionaire musician, the Sunday Times reported in the 2024 edition of its annual Rich List, published Friday. According to the Times, the 81-year-old Beatles alum and his wife Nancy are worth £1 billion ($1.3 billion), up from £950 million ($1.2 billion) in 2023. The newspaper attributed the milestone to McCartney’s longevity and continued appeal with fans across generational lines. Oh, and Beyoncé. Beyoncé earlier this year released her hit album “Cowboy Carter,” in which she reimagined the Beatles’ 1968 song “Blackbird,”…
A top Wall Street analyst’s stellar endorsement of TJX Companies makes us want to buy more shares of the discount retailer. Matt Boss of JPMorgan — Jim Cramer’s favorite retail analyst — said Friday that several off-price retailers, including Ross Stores , Burlington Stores , and Club holding TJX, were buys. Boss cited favorable momentum in the current quarter for those companies as value-focused consumers grow increasingly cautious in their spending habits. Shares of TJX — the company behind T.J. Maxx, Marshalls, and HomeGoods — have gained roughly 6% year to date but still lagged the S & P 500…
OpenAI has disbanded its team focused on the long-term risks of artificial intelligence just one year after the company announced the group, a person familiar with the situation confirmed to CNBC on Friday.The person, who spoke on condition of anonymity, said some of the team members are being reassigned to multiple other teams within the company.The news comes days after both team leaders, OpenAI co-founder Ilya Sutskever and Jan Leike, announced their departures from the Microsoft-backed startup. Leike on Friday wrote that OpenAI’s “safety culture and processes have taken a backseat to shiny products.”OpenAI did not immediately provide a comment to…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3- and 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender…
Major changes announced by Visa this week mean Americans will soon not need to carry around as many credit and debit cards. During Visa’s annual Payments Forum in San Francisco on Wednesday, the company unveiled its new Visa Flexible Credential, which will allow customers to use a single card to access payment options from multiple credit and bank accounts, and even “Buy Now Pay Later” plans when making a purchase. Visa’s flexible payment option is already available in Asia, and the company will begin rolling it out in the U.S. later this year.The card giant also said it will be…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 15-year fixed-rate mortgage is 6.500% as of April 24, which is unchanged from yesterday. Additionally, the interest rate on a 30-year fixed-rate mortgage is 7.500%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
A new challenge is emerging in the U.S. retirement landscape. While many people now understand the importance of saving for retirement, there is limited guidance on transitioning from saving during working years to spending in retirement years. According to a recent McKinsey retirement report, only 19% of pre-retirees are likely to be fully financially secure, highlighting the magnitude of this challenge. Over the past decade, according to Carulli, U.S. retirement account balances have grown to $23 trillion. Despite the asset growth, many individuals feel unprepared and lack the necessary assets and financial knowledge as they approach retirement. This gap presents…
