NYU Professor Emeritus and Geometric Intelligence founder Gary Marcus ...
Synopsis by Bloomberg May 17 23
NYU Professor Emeritus and Geometric Intelligence founder Gary Marcus joins Ed Ludlow to discuss his testimony in front of Congress alongside OpenAI CEO Sam ...Read full article
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| Last Updated | May 17 23 |
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Don’t Make This Inheritance Mistake. It Could Cost Your Loved Ones Big Time.: The issue is something called stepped-up basis. Certain assets, including stocks ...
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nytimes.com/2024/04/19/business/france-economy-food-prices-shrinkflation.html
Macklem Sees Little Impact of Canada Budget on Fiscal Track: Bank of Canada Governor Tiff Macklem said Prime Minister Justin Trudeau’s recent budget did not ...
bloomberg.com/news/articles/2024-04-19/macklem-sees-little-impact-of-canada-budget-on-fiscal-track
Paid articlePaidQuick Glance: Macklem Sees Limited Impact of Canada Budget on Fiscal Direction
- Bank of Canada Governor Tiff Macklem suggested Prime Minister Justin Trudeau’s recent budget, which balanced increased spending with a capital gains tax hike and improved revenue forecasts, did not significantly contribute to inflationary pressures.
- Macklem informed reporters on Friday that the budget did not alter the government's fiscal trajectory significantly compared to the November fiscal update. It was highlighted that Finance Minister Chrystia Freeland upheld her commitment regarding deficit maintenance and shortfall reduction goals for the future.
- The Governor emphasized the continued adherence of the budget to these guidelines, which was deemed beneficial. He refrained from delving into specific details of budget measures, emphasizing the responsibility of lawmakers to deliberate on the government's fiscal plan.
- Macklem expressed that the latest three inflation indicators showed a sustained downward trend, with the bank awaiting confirmation that this trend will persist to ensure the progress towards price stability is maintained.
Bloomberg Evening Briefing: Wall Street Ends the Week in a ‘Tech Wreck’: Get caught up.
bloomberg.com/news/newsletters/2024-04-19/bloomberg-evening-briefing-wall-street-ends-the-week-in-a-tech-wreck
Investment Opportunities With Hot Inflation, Higher-for-Longer Interest Rates: Rising prices and high interest rates are frustrating investors ...
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My God, Trump! How dangerous are the nationalist Christians in the USA?: Christian nationalist representatives were present when Trump supporters stormed the ...
nzz.ch/feuilleton/donald-trump-christliche-nationalisten-usa-ld.1825415
Latin America Sees Low-Rate Dreams Crumble, Political Woes Rise: The region that led the world into a promising cycle of interest rate cuts is warning that ...
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Paid articlePaid Biden Trade Chief Sees Conclusion of China Tariff Review ‘Soon’: President Joe Biden’s trade chief said that she expects a conclusion on a review of tariffs on ...
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Pelosi, Clyburn endorse Jan. 6 Capitol Police officer for Congress: Two heavy-hitters in the House Democratic Caucus have endorsed former U.S ...
trib.al/6xnAU9z
Wall Street Bonus Rules Return to Regulatory Agenda in Third Try: US financial watchdogs plan to take another crack at regulating Wall Street executives’ pay — ...
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Paid articlePaid Wall Street Fires Up Deals for Preferred Shares With Fed on Hold: Fading hopes that the Federal Reserve will soon cut rates are prompting US banks to re-evaluate ...
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Pelosi, Clyburn back Jan. 6 officer for Congress: Dunn has heavily out-raised his opponents for a district in suburban Maryland.
axios.com/2024/04/19/nancy-pelosi-jan-6-harry-dunn-congress
US Congress takes first step to provide aid to Ukraine: The US House of Representatives voted on 19 April to bring the long-awaited Ukraine aid bill to the floor ...
pravda.com.ua/eng/news/2024/04/19/7452035/
Economists Boost US GDP Forecasts, See Fed Rates Higher for Longer: Economists once again upgraded their forecasts for US growth, spending and employment ...
trib.al/uJmLexO
Electric cars, solar panels and wind turbines: dispute over China's overcapacity: Is China flooding the world with cheap solar panels, wind turbines or electric ...
nzz.ch/meinung/chinas-exporte-das-westliche-jammern-ist-scheinheilig-ld.1826559
Netflix (NFLX) Stock Falls as Weak Revenue Forecast Overshadow Subscriber Adds: Netflix Inc. shares tumbled the most in two years on Friday as a weak forecast ...
bloomberg.com/news/articles/2024-04-18/netflix-adds-9-33-million-customers-crushing-street-forecasts
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Progressives Oppose Israel Funding Advanced by US House: "Congress is shamefully choosing a failed approach of fueling genocide rather than saving ...
commondreams.org/news/progressives-oppose-israel-aid
Marijuana Stocks Gain Momentum on Cannabis Reform Hopes: Investors have been diving into cheap pot stocks in hopes that a change in US policy will unlock major ...
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Paid articlePaid TDR Capital Nears Deal to Buy Billionaire’s Stake in UK’s Asda: TDR Capital is closing in on a deal to buy gas-station billionaire Zuber Issa’s stake in Asda as ...
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Paid articlePaid US to start supplying Ukraine with armament "right away" after Congress' decision – White House
pravda.com.ua/eng/news/2024/04/19/7452071/
African Critical Minerals Output Could Reach $2 Trillion by 2050: Sub-Saharan Africa could produce almost $2 trillion of metals required for the energy ...
bloomberg.com/news/articles/2024-04-19/african-critical-minerals-output-could-reach-2-trillion-by-2050
Paid articlePaid Electric Cars in Norway May Push Diesel Rivals Off Top by 2026: Norway, the pioneer in abandoning combustion-engine automobiles, may see electric cars become the ...
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BofA Strategists Say Rates Jitters Are Fueling Stock Outflows: Investors are pulling money out of equities as a strong US economy and sticky inflation fuel ...
trib.al/AUNi4Ap
Hudson Bay Closes $800 Million Fund to Bet on Special Situations: Hudson Bay Capital Management has raised over $800 million to invest in so-called special ...
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Paid articlePaid Bond Funds Dangling 5% Yields Lure Cash Back to Active Managers: Bond powerhouses including Pacific Investment Management Co., BlackRock Inc ...
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Paid articlePaid Israel-Iran: Another Mideast Shock for Markets: The revenge cycle shows no sign of letting up. Now, Tehran will weigh the level of escalation.
bloomberg.com/opinion/articles/2024-04-19/israel-iran-another-mideast-shock-for-markets
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Marjorie Taylor Greene mocked by fellow lawmaker's extreme Ukraine aid bill amendments
kyivindependent.com/marjorie-taylor-greene/
Quick Glance: GOP Congresswoman Propagates Russian Narratives Against Ukraine Aid
- Republican Congresswoman Marjorie Taylor Greene introduced amendments to the latest bill on aid to Ukraine, echoing Russian propaganda narratives about "biolabs in Ukraine" and "persecution of Christians in Ukraine."
- Greene proposed halting funding for Ukraine's aid until free and fair elections are held, persecution of Christians stops, and all biolabs in Ukraine are closed.
- The allegation of secret "biolabs" in Ukraine is a long-standing Russian propaganda conspiracy theory, also picked up by Chinese disinformation networks according to the EU East Stratcom Task Force.
- House Speaker Mike Johnson announced determination to advance the foreign aid bill on April 20, despite opposition from GOP hardliners who have blocked progress for over six months.
Oil Poses More Risks for Yen (JPY USD) as Japan Depends on Energy Imports: As if the yen doesn’t have enough reasons to weaken, risks are emerging that higher ...
bloomberg.com/news/articles/2024-04-19/oil-poses-more-risks-for-yen-as-japan-depends-on-energy-imports
Ukrainians Wait, Nervously, to See if U.S. Will Provide Critical Aid: From the battlefield to battered cities, soldiers and civilians are counting on Congress to ...
nytimes.com/2024/04/19/world/europe/ukraine-aid-congress.html
Fed Interest-Rate Cut Is Not Likely Until End of Year, Raphael Bostic Reiterates: Federal Reserve Bank of Atlanta President Raphael Bostic said he’s comfortable ...
bloomberg.com/news/articles/2024-04-18/bostic-says-fed-can-be-patient-cut-not-likely-until-end-of-year
Paid articlePaid Ukraine Aid Bill Clears Critical Hurdle in the House as Democrats Supply the Votes
nytimes.com/2024/04/19/us/politics/congress-vote-ukraine-bill-house.html
Moody’s Reduces Outlooks on Direct Lending Funds Managed by BlackRock, Oaktree: Moody’s Ratings this week gave private credit investors greater reason for ...
bloomberg.com/news/articles/2024-04-18/three-private-credit-funds-get-moody-s-warning-on-problem-loans
Will US Congress pass long-awaited Ukraine aid bill?: A huge $61bn support package that could help reshape Kyiv's war effort will go to a vote in coming days.
bbc.com/news/world-us-canada-68848277
IMF Financial Stability Report: Basis-Trade Section Calls Out Funds’ Bond Wagers: A small group of funds has accumulated such large short wagers in the Treasury ...
bloomberg.com/news/articles/2024-04-18/huge-bond-wagers-make-some-hedge-funds-too-big-to-fail-imf-says
Paid articlePaid Micron to Get $6.1 Billion in CHIPS Act Funding for Plants in New York and Idaho: The new fab to be built near Syracuse, N.Y., could create 50,000 jobs ...
barrons.com/articles/micron-technology-chips-act-funding-3d683fec
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Japan Consumer Prices Rose at Slightly Slower Pace in March: Japan’s consumer prices rose at a slightly slower pace in March due to lower energy prices but ...
on.wsj.com/3JnRU0g
US Imposes Fresh Sanctions on Iran Over Israel Drone Barrage: The Biden administration imposed fresh sanctions on Iran over its April 13 strike on Israel ...
bloomberg.com/news/articles/2024-04-18/us-imposes-fresh-sanctions-on-iran-over-israel-drone-barrage
Paid articlePaidQuick Glance: Israeli Push for Sanctions Against Iran Amid ‘Diplomatic Offensive’
- Israel has launched a “diplomatic offensive” against Iran, urging sanctions against the Islamic republic.
- Israeli Foreign Minister Israel Katz has called on 32 countries to impose sanctions on Tehran as Israel considers a military response to Iran’s attack.
- Israeli military sources reported intercepting 99 percent of aerial threats with assistance from the United States and allies, causing only minor damage.
- Tensions are high as Israel ponders its reaction to Saturday's attack while Germany calls for new sanctions related to Iran's drone supply to Russia for use in Ukraine.
Why so Many People Seem to Be Taking Adderall These Days: The forces behind this booming drug use.
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Paid articlePaid US elections: Conservative revolution expected if Trump wins: In a "PRO Global" series, the NZZ wants to show what consequences a second US presidency of Donald ...
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IMF Says Growth’s Secret Sauce Is American Catch-Up: Data from its latest World Economic Outlook suggest that the more a country’s product and labor markets ...
bloomberg.com/opinion/articles/2024-04-18/imf-says-growth-s-secret-sauce-is-american-catch-up
Paid articlePaid Solar Groups Lobby Biden to Head Off Trade Case Over Import Tariffs: Solar developers are lobbying the Biden administration to bolster support for domestic ...
bloomberg.com/news/articles/2024-04-18/solar-groups-lobby-biden-to-head-off-sector-roiling-trade-case
Paid articlePaid Opinion | Ukraine Aid and the Tail-Wagger Troupe: They say they want to make Congress work. They insist on rules that ensure it can’t.
wsj.com/articles/the-tail-wagger-troupe-congress-legislators-61263a71
China Outweighs G-7 as Leading Driver of Global Economic Growth: China will be the top contributor to global growth over the next five years ...
bloomberg.com/news/articles/2024-04-18/china-outweighs-g-7-as-leading-driver-of-global-economic-growth
X owner Elon Musk says opposed to US ban of competitor TikTok: SAN FRANCISCO - Elon Musk on April 19 came out against banning TikTok in the US ...
straitstimes.com/world/united-states/x-owner-elon-musk-says-opposed-to-us-ban-of-competitor-tiktok
Quick Glance: ByteDance Given 24 Hours to Provide DSA Risk Assessment for TikTok Lite
- The EU demands TikTok owner ByteDance to submit a risk assessment for TikTok Lite within 24 hours to address compliance questions related to the Digital Services Act.
- EU's concerns focus on the launch of TikTok Lite, especially on a reward-linked engagement feature that could have a negative impact on young people's mental health.
- The EU has requested TikTok to provide more information on the risk assessment of the new program and the measures to mitigate systemic risks.
- The company has until April 26 to provide additional information before the EU decides on potential further steps, such as a formal investigation.
Live Updates: Police Arresting Pro-Palestinian Protesters at Columbia: Officers began arresting students on Thursday, a day after university officials testified ...
nyti.ms/3Q7JC09
Quick Glance: Over 100 Pro-Palestinian Protesters Arrested at Columbia Campus
- Columbia President Shafik authorized the arrest of over 100 pro-Palestinian protesters on the campus.
- Protests were against Israel's actions in Gaza.
- Demonstrators violated school rules by holding unauthorized protests.
- Protests demanded a permanent ceasefire in Gaza and university divestment.
Shopper sparks outrage after 'paying $7 for a single apple:' 'What economy are we all f--king living in?'
nypost.com/2024/04/18/lifestyle/shopper-sparks-outrage-after-paying-7-for-a-single-apple/
Quick Glance: Outrage Stirred by Expensive Apple Purchase
- A Boston influencer sparked outrage by sharing that she paid $7 for a single apple at Whole Foods.
- The video clip, shared by the woman under the username @via..li, has since been deleted from her own account.
- Despite Whole Foods listing the Organic Sugarbee Apple at $3.99 per pound in most Boston zip codes, prices may vary at different outlets.
- The TikTokker claimed the apple cost $7, causing outrage among viewers, although some expressed doubts about her story.
Home Sales in March Had Biggest Decline in 16 Months: Sales of previously owned homes decreased 4.3% from the prior month to a seasonally adjusted annual rate of ...
on.wsj.com/3Q8Iqdf
A $9.5 Trillion ESG Investor Group Wants Private Market Reforms: Global ESG investors with $9.5 trillion under management say it’s time to demand more ...
bloomberg.com/news/articles/2024-04-18/a-9-5-trillion-esg-investor-group-wants-private-market-reforms
Freedom Caucus on alert for possible moves against it by GOP leaders: The Floor Action Response Team, shorthanded as “FART,” aims to guard against an unannounced ...
politico.com/live-updates/2024/04/18/congress/hfc-on-alert-00153097
US Congress moves ahead on bill to push TikTok's Chinese owner to sell: An effort to force TikTok's Chinese owner, ByteDance, to sell the social media app or ...
reuters.com/world/us/us-congress-moves-ahead-bill-push-tiktoks-chinese-owner-sell-2024-04-18/
Behind the IMF's warning to Biden and Congress on deficit spending: The IMF is sounding the alarm about "large fiscal slippages" in the U.S and China.
axios.com/2024/04/19/imf-warning-biden-congress-deficit-spending
Former Wisconsin Democratic Rep. Peter Barca announces new bid for Congress: A Democrat who served one term representing southeast Wisconsin in Congress in the ...
apnews.com/article/peter-barca-bryan-steil-wisconsin-congress-8f51a9a0bf042976db32cccdbde661c9
"Within days" - Pentagon set to quickly send Ukraine arms after US Congress approval - Euromaidan Press
euromaidanpress.com/2024/04/19/within-days-pentagon-set-to-quickly-send-ukraine-arms-after-us-congress-approval/
House Republican cites threats and swatting of family as reasons for quitting: Mike Gallagher, a representative from Wisconsin, is stepping down on 19 April ...
theguardian.com/us-news/2024/apr/18/mike-gallagher-congress-quits-threats-swatting
Coming Congress vote could make or break Ukraine in war with Russia: Ukraine's reality on the ground is nothing short of harrowing, and war watchers say its fate ...
businessinsider.com/congress-vote-could-make-break-ukraine-in-war-with-russia-2024-4
US House on Track to Pass Israel, Ukraine Aid With Democrats' Help: Long-stalled aid to Ukraine, Israel and Taiwan is on track to pass Congress as House ...
bloomberg.com/news/articles/2024-04-18/ukraine-israel-aid-on-track-to-pass-as-democrats-back-plan
The Clown Show in Congress Could Doom More Than Ukraine: Even if the badly needed aid bill passes, it’s hard to know whether to laugh or cry at what Congress and ...
bloomberg.com/opinion/articles/2024-04-19/the-clown-show-in-congress-could-doom-more-than-ukraine
We have no plan B – Ukraine's Foreign Minister on new aid package for Ukraine in Congress
pravda.com.ua/eng/news/2024/04/18/7451908/
George Santos Owes His Favorite Restaurant $10,000—and Way More Elsewhere. He Told Me It’s Fine!
slate.com/news-and-politics/2024/04/santos-debt-long-island-avlon-goroff-congress-il-bacco-marjorie-taylor-greene.html
Biden urges Congress to pass Ukraine aid bill as Kyiv warns its defeat against Russia would lead to WW3
wionews.com/world/biden-urges-congress-to-pass-ukraine-aid-bill-as-kyiv-warns-its-defeat-against-russia-would-lead-to-ww3-712538
Congress Fast-Tracks TikTok Ban Legislation, Setting Up Possible Passage This Month
on.wsj.com/4biX4qv
US Congress wants to allow seizure of Russian assets and make Biden expand sanctions
pravda.com.ua/eng/news/2024/04/18/7451762/
Who Is Pragya Misra, OpenAI's 1st Employee In India: Pragya Misra has served as the Director of Public Affairs for Truecaller, where she has collaborated ...
ndtv.com/india-news/who-is-pragya-misra-sam-altman-run-openais-1st-employee-in-india-5479033
Ukraine warns of WW3 ahead of long-stalled Congress aid vote: Denys Shmyhal expressed
saudigazette.com.sa/article/642187
Audio app Airchat probably isn't worth the hype: With big-time investors like OpenAI CEO Sam Altman, the app is being 'hyped in tech circles ...
mashable.com/article/airchat-audio-app-clubhouse
Countdown: The Bloomberg Close, Asia Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-18/countdown-the-bloomberg-close-asia-edition
Paid articlePaid Ukraine Ambassador to US reveals details of support for Ukraine to be considered by US Congress
pravda.com.ua/eng/news/2024/04/18/7451759/
Blinken, Ukraine FM stress urgency of Congress backing aid - World News: Secretary of State Antony Blinken stressed Thursday the "urgent" need for the ...
hurriyetdailynews.com/blinken-ukraine-fm-stress-urgency-of-congress-backing-aid-192617
Ukraine issues World War 3 warning ahead of long-stalled US Congress aid vote: Ukraine issues dire warning as US lawmakers prepare to vote on multi-billion ...
standard.co.uk/news/world/ukraine-world-war-3-congress-aid-vote-volodymyr-zelensky-russia-b1152248.html
House Speaker Mike Johnson risks job to deliver aid to Ukraine: Staring down a decision so consequential it could alter the course of history -- but also end his ...
apnews.com/article/house-ukraine-aid-speaker-ouster-c525efc953d532242d6d441c55724992
Quick Glance: Ukraine, Israel Aid Bill Advances in House
- The House has advanced a foreign aid package of $95 billion for Ukraine, Israel, Taiwan, and humanitarian support with rare bipartisan support.
- Speaker Mike Johnson implemented a strategy to secure support for wartime funding, especially for Ukraine in its battle against Russia.
- President Joe Biden and even Republican presumptive presidential nominee Donald Trump have endorsed the speaker's efforts.
- To pass each bill, complex bipartisan coalitions need to be formed by Johnson due to his slim Republican majority in the House, relying on Democratic support.
Tesla Recalls Cybertruck Over Faulty Pedals—Its Worst Flaw Yet: Tesla has issued a voluntary recall for nearly 4,000 Cybertrucks because the accelerator pad ...
wired.com/story/cybertruck-recall-accelerator-pad-tesla/
Quick Glance: Tesla Cybertrucks Recall Issued
- Tesla responds to defective accelerator pedals in nearly 3,900 Cybertruck pickups causing unintended acceleration.
- The recall involves Cybertruck vehicles manufactured between November 2023 and April 2024.
- An unauthorized use of soap during the accelerator pedal assembly likely led to the defect.
- Tesla voluntarily recalled the vehicles on April 12 due to two customer complaints.
Tennessee Volkswagen employees overwhelmingly vote to join United Auto Workers union
apnews.com/article/volkswagen-union-vote-united-auto-workers-chattanooga-51544590d8a06efddfa2f6ac7db00fbe
Quick Glance: Historic Step: Volkswagen Workers in Tennessee Vote to Join Union
- Employees at a Volkswagen factory in Chattanooga, Tennessee, have decided to join the United Auto Workers union.
- This vote marks a significant milestone for the UAW's efforts to support nonunion factories.
- The decision has led to upcoming bargaining between Volkswagen and the union.
- The new UAW President Shawn Fain, backed by President Joe Biden, has previously led successful strikes against major automakers in Detroit resulting in lucrative new contracts.
Quality problems and sales decline: The disenchantment of Elon Musk and Tesla: Elon Musk is currently toppling his own monument. He is cutting at least 14 ...
kleinezeitung.at/wirtschaft/18379748/die-entzauberung-von-elon-musk-und-tesla
Tesla Cuts Prices by $2,000 as Sales Slow, Inventories Swell: Tesla Inc. cut the price of its best selling Model Y, the Model X and the Model S by $2 ...
bloomberg.com/news/articles/2024-04-20/tesla-cuts-prices-by-2-000-as-sales-slow-inventories-swell
Paid articlePaidQuick Glance: Tesla Reduces Prices by $2,000 in US, Model Y at Lowest Price Yet
- Tesla has lowered the prices of the Model Y, Model S, and Model X by $2,000 each in the US. Model 3 prices remain the same, as well as the prices of the newly released Cybertruck.
- Following disappointing quarterly delivery results, inventory levels have risen significantly. In response, Tesla has re-implemented temporary discounts on the Model Y after warning buyers of an upcoming price increase.
- All trims of the Model Y, along with the Model S and Model X, have been reduced in price. This results in the Model Y RWD starting at $42,990, the Model Y Long Range at $47,990, and the Model Y Performance at $51,490.
- Tesla's more expensive Model S and X vehicles also reflect lower prices. The Model S Long Range now begins at $72,990, and the Model X Long Range starts at $77,990.
BlackRock buys shares of two companies for Rs 207 crore via open market: US-based asset manager BlackRock on Friday acquired shares of Electrosteel Castings and ...
business-standard.com/companies/news/blackrock-buys-shares-of-two-companies-for-rs-207-crore-via-open-market-124041901211_1.html
Oxford shuts down institute run by Elon Musk-backed philosopher: Nick Bostrom’s Future of Humanity Institute closed this week in what Swedish-born philosopher ...
theguardian.com/technology/2024/apr/19/oxford-future-of-humanity-institute-closes
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