Author: arthursheikin@gmail.com
[ad_1] After posting disappointing earnings on July 29, Starbucks (SBUX) has been in a steady downtrend for the past two months. Meanwhile, the broader market continues to notch new all-time highs. With the upcoming FOMC meeting potentially signaling the start of a rate-cut cycle, the old market adage — “a rising tide lifts all boats” — could soon come into play. With that in mind, I’m scanning for stocks that haven’t yet reached overbought territory, and SBUX fits that bill. The stock remains in a downtrend, so patience and confirmation are key before stepping in. It’s worth noting that I’m…
[ad_1] At its Made on YouTube live event on Tuesday, the company unveiled new generative AI tools for Shorts creators. YouTube is bringing a custom version of Google’s text-to-video generative AI model, Veo 3, to Shorts, along with a new remixing tool, an “Edit with AI” feature, and more. The custom version of Veo 3, called Veo 3 Fast, generates outputs with lower latency at 480p, making it easy to create video clips, YouTube says. And now users can do so with sound for the first time. This update is rolling out in the United States, the United Kingdom, Canada,…
[ad_1] On Tuesday, YouTube introduced new tools for podcasters at its Made on YouTube live event in New York, including new ways to turn video podcasts into clips and YouTube Shorts and a new feature that helps create videos for audio-only podcasters. Both will be powered by AI and will roll out in the months ahead. Using AI technology, video podcast creators in the U.S. will be able to create clips more easily with AI suggestions, the company says. This will be available in the “coming months,” while a feature that will transform those clips into YouTube Shorts will arrive…
[ad_1] YouTube on Tuesday announced a suite of new features coming to YouTube Studio, the platform over 30 million creators use to manage their channels and track their analytics and revenue every month. At its Made on YouTube event, the company unveiled new and updated tools like an AI-powered chatbot for support, an inspiration tab, title A/B testing features, auto dubbing, likeness detection tools, and more. Many of these features build on tools previously announced or tested with smaller groups but are now rolling out more broadly. Image Credits:YouTube Of these, the most interesting addition is the likeness-detection feature, which…
[ad_1] Which stocks are set to benefit from falling interest rates? It depends, according to Citi. Investors are jockeying to get ahead of this week’s Federal Reserve meeting, at which the central bank is universally expected to lower rates for the first time since December. Markets are pricing in a quarter-percentage-point cut at the conclusion of the Sept. 16-17 meeting, with a small possibility of a jumbo cut. There are four more cuts expected to come through March of next year. Yet, how investors should position for a lower interest rate environment hinges on what happens next with the economy,…
[ad_1] Salesforce is increasing its focus on national security. The customer relationship management giant announced the creation of a new business unit called Missionforce on Tuesday. It will be focused on incorporating AI into defense workflows in three main areas: personnel, logistics, and decision-making, according to a company press release. Missionforce will be helmed by Kendall Collins, the CEO of Government Cloud. Collins joined Salesforce in 2023 and was previously the chief business officer and chief of staff to Salesforce CEO Marc Benioff. “With Missionforce, we’ll now bring the best of AI, cloud, and platform technology from the private…
[ad_1] Federal prosecutors want Charlie Javice to spend 12 years in prison, calling her fraud against JPMorgan Chase “audacious” and her eve-of-sentencing apology “hollow.”In efforts to get the largest US bank to pay $175 million for Javice’s student financial aid startup, Frank, the founder “led an audacious and multifaceted criminal scheme built on sustained deceptive conduct,” prosecutors told her Manhattan judge in a letter made public late Monday.The fallen fintech phenom was convicted of using fake spreadsheets to convince JPMorgan Chase that Frank had contact information and financial data for more than 4 million students.In reality, it only had data…
[ad_1] President Donald Trump’s next target: revamping a Wall Street tradition.The president said US companies should be required to report earnings every six months instead of every three. Trump, who raised the idea on Truth Social, said doing so would save companies money and allow managers to spend more time running their business.Meanwhile, market experts were split on the idea, highlighting the benefits the change would bring to companies along with the challenges it would pose for investors, writes BI’s William Edwards.How and when companies report earnings has become a topic of debate in recent years. High-profile executives like BlackRock’s…
[ad_1] Shares of CoreWeave could see a sizable boost in the coming months as demand for hyperscalers ramps up, Citizens JMP Securities said on Tuesday. Analyst Greg Miller upgraded the provider of cloud infrastructure for artificial intelligence workloads to market outperform from market perform and set a new, 2-month price target at $180, implying more than 49% upside from Monday’s close. CoreWeave surged more than 7% Monday after the company said it won an order worth at least $6.3 billion from Nvidia, the dominant maker of semiconductors that run artificial intelligence, which also probably “suggests more to come,” Miller said.…
[ad_1] Venture investors are pouring money into Israeli cybersecurity startups. The latest is Vega, a company coming out of stealth mode that has landed $65 million in funding to take on some of the biggest incumbents in security.The funding round, led by Accel with participation from Cyberstarts, Redpoint, and CRV, values Vega at $400 million.The funding comes as Google is trying to close its $32 billion acquisition of Wiz, another Israeli-founded security firm, in what could be one of the largest cybersecurity deals ever.Vega’s cofounder and CEO, Shay Sandler, knows the comparison is inevitable.”It’s quite humbling to say that it’s…