20 Most Used Artificial Intelligence (AI) Platforms of 2024
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In this article, we will discuss the 20 most used artificial intelligence (AI) platforms of 2024. The global AI market was valued at $515.31 billion in 2023 and is expected to reach $2.02 trillion by 2030. The North American region dominates the AI market with a market share of 41.11%, while the Asia Pacific region is expected to grow the fastest. Major companies advancing the development of GPUs for AI include NVIDIA Corporation, Advanced Micro Devices, and Intel Corporation. The 20 most used AI platforms of 2024 include Tabnine, Codeium, GitHub Copilot, Elsa, Jasper.ai, Copy.ai, Writesonic, HIX.AI, Socratic, Otter, YouChat, DialoGPT, Microsoft Copilot, Poe, and Claude.
#ArtificialIntelligence #AiPlatforms #GlobalAiMarket #NorthAmericanRegion #AsiaPacificRegion #NvidiaCorporation #AdvancedMicroDevices #IntelCorporation #Tabnine #Codeium #GithubCopilot #Elsa #Jasperai #Copyai #Writesonic #Hixai #Socratic #Otter #Youchat #Dialogpt #MicrosoftCopilot #Poe #Claude
https://finance.yahoo.com/news/20-most-used-artificial-intelligence-005655755.html
Fed's Bostic still expects 1 rate cut in 2024 but doesn’t rule out 0 or 2
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Atlanta Fed president Raphael Bostic still expects one rate cut in 2024, but is not ruling out the possibility of two or zero depending on the direction of the US economy and inflation. Bostic, a voting member of the Fed's interest-rate setting committee, said that if the economy continues to accelerate, he can’t rule out the possibility that rate cuts may even have to move further out. However, if inflation starts to decline or if there is 'pain' in the job market, he could pull forward his inflation and policy outlook and vote for cutting rates sooner. Other Fed officials have expressed differing views on rate cuts, with some pouring cold water on near-term hopes for an easing of monetary policy, while others have stuck with a prediction for three cuts in 2024. Bostic's comments come ahead of a key reading on the consumer price index for March, with economists expecting 'core' CPI to come in at 3.7% for the month.
#FederalReserve #InterestRates #RaphaelBostic #UsEconomy #Inflation
Stock market today: US stocks turn lower ahead of CPI inflation data
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US stocks turned lower ahead of the release of the Consumer Price Index (CPI) on Wednesday, which is seen as a pivotal point for the market. The Dow Jones Industrial Average fell about 0.3%, the S&P 500 dropped about 0.2%, and the Nasdaq Composite remained flat. Investors are less convinced the Federal Reserve will deliver on the three rate cuts projected for this year, given the strength of the US economy. The focus is on the CPI print for March, and any sign of cooling inflation will be seen as an invitation for a June policy shift. Rising metals prices and the start of first quarter earnings season are additional catalysts to watch.
#StockMarket #UsStocks #CpiInflationData #FederalReserve #InterestRates #MetalsPrices #EarningsSeason
Simulmedia Becomes One of the First US-Based Advertising Technology Product Companies to Join the Lviv IT Cluster
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Simulmedia, a cross-channel TV advertising platform, has become one of the first US-based advertising technology product companies to partner with Ukraine's Lviv IT Cluster. The partnership aims to support Ukraine's tech resilience and innovation in the face of adversity. Simulmedia plans to tap into Ukraine's rich pool of IT talent to create opportunities for innovation and provide employment to Ukrainian tech professionals. The collaboration is not only a business expansion but also a commitment to contribute positively to the local economy. Simulmedia's Executive Chairman, Dave Morgan, expressed solidarity with Ukraine's tech community and highlighted their capacity for innovation and perseverance. The tech sector in Ukraine has made significant contributions to programmatic platforms, DSPs, SSPs, and AI. Simulmedia's partnership with the Lviv IT Cluster is seen as a strategic move to support the growth of the tech sector in Ukraine.
#Simulmedia #LvivItCluster #AdvertisingTechnology #TechResilience #Innovation #Ukraine
https://finance.yahoo.com/news/simulmedia-becomes-one-first-us-172700346.html
Earnings season to test breadth of stock market rally
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First quarter earnings season is about to put the breadth of the stock market rally to the test. Consensus expectations are for a 3.2% year-over-year earnings increase for S&P 500 companies in the first quarter. The top 10 stocks in the S&P 500 are expected to see earnings grow by 32% in the first quarter, while the other 490 stocks are projected to produce an earnings decline of 4%. The overall earnings picture for the benchmark index is levered to the index's largest corporations. Bullish investors are looking for a 'catch-up' scenario in markets where the earnings for the other 490 companies in the S&P 500 start to rebound later in the year. A growing US economy is expected to be a tailwind for stocks outside the tech sector. If this is met by upbeat guidance from other areas of the market, it would 'continue to encourage' the rotation seen in markets over the past month with sectors like Energy and Industrials outpacing gains in Technology and Communications Services.
#EarningsSeason #StockMarketRally #S&p500 #EarningsGrowth #TechSector #UsEconomy
https://finance.yahoo.com/news/earnings-season-to-test-breadth-of-stock-market-rally-153242480.html
12 Best Packaging Stocks to Buy According to Hedge Funds
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This article provides an overview of the packaging industry and highlights the 12 best packaging stocks to buy according to hedge funds. Packaging stocks are classified as consumer cyclical stocks, but they have a stable demand even during economic slowdowns. Some of the best performing packaging stocks in 2024 include Eightco Holdings Inc., Ranpak Holdings Corp., and WestRock Company. Ranpak's stock saw a significant increase in March 2024 due to strong quarterly revenue growth. Other top packaging stocks that hedge funds are buying include Crown Holdings, WestRock Company, and Berry Global Group. The article also lists the number of hedge fund shareholders for each stock and provides additional information about the companies.
#PackagingStocks #HedgeFunds #ConsumerCyclicalStocks #EconomicSlowdown #StockMarket
https://finance.yahoo.com/news/12-best-packaging-stocks-buy-144844789.html
Accel leads $20m round in Sprinto as it helps businesses build trust through its compliance and risk platform
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Accel has led a $20 million funding round in Sprinto, an automated risk and compliance platform that helps businesses build trust with customers by navigating and staying on top of compliance and privacy standards. The funding round was also participated in by existing investors Elevation Capital and Blume Ventures. Sprinto, founded in 2020 by Girish Redekar and Raghuveer Kancherla, has raised a total of $31.8 million to date. The company will use the fresh funds for research and development, with a focus on intelligent automation and AI, as well as expanding into new markets. Sprinto's platform uses intelligent automation and AI to create connected workflows that enhance security programs and improve operations. The company supports all major standard security frameworks and has customers in over 75 countries. The Governance, Risk, and Compliance (GRC) market is expected to reach $134.86 billion in 2030. Accel, a leading global venture capital firm, aims to be the first partner to exceptional teams and has invested in companies like Flipkart, Swiggy, and Urban Company.
#Accel #Sprinto #FundingRound #Compliance #RiskPlatform #IntelligentAutomation #Ai #Security #PrivacyStandards #ElevationCapital #BlumeVentures #GirishRedekar #RaghuveerKancherla #ResearchAndDevelopment #NewMarkets #ConnectedWorkflows #SecurityPrograms #Governance,Risk,AndCompliance(grc)Market
https://finance.yahoo.com/news/accel-leads-20m-round-sprinto-130000298.html
Stock market today: US futures in holding pattern in wait for CPI
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US stocks were stuck in a holding pattern on Tuesday as investors bided their time until a key inflation report lands and potentially sheds light on the path of interest rates. Futures tied to the Dow Jones Industrial Average, the S&P 500, and the tech-heavy Nasdaq 100 were all trading just below the flatline. Investors have become increasingly less convinced the Federal Reserve will deliver on the three rate cuts it has projected for this year, given the persistent show of strength in the US economy. Rising metals prices have sparked concerns about a feed-through effect on inflation. Another catalyst on the horizon is the start of first-quarter earnings season. Teens are tightening up their spending, with teen “self-reported” spending falling 6% year over year to $2,263. Spending on beauty hit the highest level since spring 2018. Total shipments of desktops and notebooks grew 3.2% annually to 57.2 million units in the first quarter.
#StockMarket #UsFutures #Cpi #InterestRates #Inflation #FederalReserve #MetalsPrices #EarningsSeason #TeenSpending #PcIndustry
20 Most Populated Counties in the US
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The article provides a list of the 20 most populated counties in the US, sourced from the Census Bureau's population estimates. The total population of the United States is 335,893,238, with an annual growth rate of 0.53%. The population growth in the US is driven by net migration, fertility rate, and life expectancy. The country consists of 50 states and 3,196 counties. The population distribution varies greatly across the country. The most densely populated counties are often home to Fortune 500 companies. The article highlights Pfizer Inc. and Verizon Communications Inc. as examples of companies headquartered in densely populated areas. The list of the 20 most populated counties includes Middlesex County, Wayne County, Santa Clara County, Broward County, Bexar County, Tarrant County, San Bernardino County, Queens County, King County, Clark County, Riverside County, Kings County, Dallas County, Miami-Dade County, and Orange County.
#Population #Counties #UnitedStates #CensusBureau
https://finance.yahoo.com/news/20-most-populated-counties-us-215721768.html
Stock market today: Stocks wobble as big week for inflation data, earnings begins
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US stocks wobbled on Monday as investors kicked off a big week that will see a fresh inflation data test for rate-cut views and the start of first-quarter earnings season. The Dow Jones Industrial Average (DJIA), the S&P 500 (^GSPC), and the tech-heavy Nasdaq Composite wavered around the flatline after opening with slight gains. US bonds sold off last week amid uncertainty about the Federal Reserve's resolve for interest-rate cuts. Other concerns include divided views on policy from Fed speakers, growing noise around the coming US presidential election, and a spike in oil prices from escalating Middle East tensions that could fan inflation pressures. Investors are also watching for signs of inflation returning to its downward trend in the release of the Consumer Price Index on Wednesday. The market is also bracing for the new earnings season, with Delta Air Lines setting the stage on Wednesday for big banks' results on Friday. Gold rose above $2,350 an ounce to touch a fresh record, while oil futures pulled back amid signs of easing Middle East tensions. In other news, YouTube TV has seen success by mimicking the one thing consumers seem to be ditching: cable. YouTube TV, the internet pay-TV service, has become the largest pay-TV streamer on the market with over 8 million subscribers. Bitcoin rose to trade back above $71,700 per token, and Amazon stock rose to hover around its all-time closing high. Trump Media & Technology Group, the parent company of Donald Trump's social media platform Truth Social, saw its stock slip 10%. Oil futures pulled back roughly 1% amid signs of easing tensions in the Middle East. JPMorgan CEO Jamie Dimon's annual letter to shareholders highlighted the diminishing role of public companies in the American financial system and the surge in private companies backed by private equity firms. Dimon also discussed the impact of AI on JPMorgan's future success and the outlook for interest rates.
#StockMarket #InflationData #Earnings #DowJones #S&p500 #NasdaqComposite #FederalReserve #ConsumerPriceIndex #DeltaAirLines #Gold #OilFutures #YoutubeTv #Bitcoin #Amazon #TrumpMedia&TechnologyGroup #Jpmorgan #JamieDimon
Wall Street just gave its highest S&P 500 forecast yet
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Wells Fargo head of equity strategy Christopher Harvey has raised his year-end target for the S&P 500 to 5,535 from 4,625, marking the highest call for the S&P 500 by year-end among strategists tracked by Yahoo Finance. Harvey believes that stock valuations have risen too high, but investors are looking past this possibility amid the market rally. He notes that US economic growth has come in better than expected, which is a positive sign for corporate growth. However, Harvey and other strategists expect the index's next leg higher to come more slowly for investors. There are several key risks to Harvey's base case, including a resurgence in inflation and elevated bond yields. Despite recent spikes, the 10-year Treasury yield is currently around 4.43%, well below the 5% level flagged as a point of concern by Harvey.
#S&p500 #StockMarket #EquityStrategy #Forecast #Investors #Valuations #EconomicGrowth #Inflation #BondYields
https://finance.yahoo.com/news/wall-street-just-gave-its-highest-sp-500-forecast-yet-164148688.html
Yellen Charm Offensive Aims to Boost China Ties and Curb Exports
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US Treasury Secretary Janet Yellen is on a trip to China to strengthen bilateral ties and criticize Beijing's economic policies. Yellen met with Premier Li Qiang and will hold talks with former Vice Premier Liu He and central bank Governor Pan Gongsheng. Yellen criticized China for flooding the world with cheap goods and argued that China is too large to export its way to rapid growth. Beijing rejects this message and has filed a case with the World Trade Organization over American subsidies. Yellen has built personal ties with senior Chinese leaders but has also issued sharp warnings and criticisms. She gave specific details of how she thinks certain US industries are coming under threat during meetings with Chinese Vice Premier He Lifeng. Yellen's tough message hasn't hurt progress made between the two sides, and they agreed to move forward with talks focused on balanced growth in the domestic and global economies. Yellen's visit has received a warm reception, but it remains to be seen if this is a true product of better relations or tactical stabilization. China is keen to avoid re-escalating public tensions and may be biding its time with the upcoming US presidential elections.
#JanetYellen #China #UschinaRelations #EconomicPolicies #Exports #BilateralTies
https://finance.yahoo.com/news/yellen-advances-us-china-ties-120000722.html
Oil tumbles nearly 2% as Middle East tensions ease
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Oil prices fell more than $1 a barrel as Middle East tensions eased after Israel withdrew soldiers from southern Gaza and committed to fresh talks on a potential ceasefire. Brent crude futures slipped $1.70 to $89.47 a barrel, while U.S. West Texas Intermediate crude was at $85.29 a barrel. Israel's withdrawal is likely in response to growing international pressure and to deescalate tensions after killing senior Iranian commanders in Syria. Israel and Hamas sent teams to Egypt for fresh talks on a potential ceasefire. Saudi Arabia raised official selling prices for all crude grades to Asia in May. Fire struck an offshore platform operated by Mexico's national oil company Pemex, killing at least one contractor. Goldman Sachs analysts expect Brent to stay below $100 a barrel. In the United States, oil rigs rose by two to 508 last week while gas rigs fell by two to 110. The U.S. employment report on Friday beat expectations, potentially delaying anticipated Federal Reserve interest rate cuts this year. Investors will be watching consumer price index data from the U.S. and China for further clues on the timing of possible Fed rate cuts and to gauge the economic health of the world's top two oil consumers.
#OilPrices #MiddleEastTensions #Israel #Gaza #Ceasefire #BrentCrude #WestTexasIntermediate #SaudiArabia #Pemex #GoldmanSachs #FederalReserve #UsEmploymentReport #ConsumerPriceIndex
https://finance.yahoo.com/news/oil-prices-lost-ground-mideast-231521877.html
This is the best election outcome for markets
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Stocks do better when neither party has the votes to enact partisan legislation. Since 1933, the average annual return for the S&P 500 index has been 15.7% when a Democratic president had a split Congress and 13.7% when a Republican president did. Unified government tends to produce the most dramatic policy changes. There are eight governing scenarios for 2025, with four key scenarios: Biden wins with split control of Congress, Biden wins with full Democratic control of Congress, Trump wins with split government, and Trump wins with full Republican control of Congress. Each scenario has different implications for tax cuts, green energy, and healthcare availability. The odds of a Republican trifecta are 40%, while the odds of Biden winning with a split Congress are also 40%. The calmest outlook for markets would be a second Biden term with Republicans holding at least one chamber of Congress.
#Elections #Markets #StockMarket #Government #Policy #TaxCuts #GreenEnergy #Healthcare
https://finance.yahoo.com/news/this-is-the-best-election-outcome-for-markets-192118465.html
Here's how JPMorgan is giving ex-criminals a second chance
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JPMorgan Chase is working with organizations like the Second Chance Business Coalition and the University of Pennsylvania's Wharton School to co-host the Second Chance Conference, which aims to examine employment trends and discuss sustainable solutions for formerly incarcerated workers. JPMorgan Chase is focused on increasing the number of states with 'clean slate legislation' that allows certain criminal records to be expunged after a certain period of time. The bank has changed its hiring practices to include 10% of new hires annually being people with criminal records. JPMorgan Chase has co-founded the Second Chance Business Coalition to bring together C-suite leaders and discuss how to fulfill commitments to hiring formerly incarcerated individuals. The bank is also focused on changing public policy to reduce barriers to employment for ex-offenders.
https://finance.yahoo.com/video/heres-jpmorgan-giving-ex-criminals-130035989.html
As Yellen heads to Beijing, China worries that the U.S. is planning more tariffs on green tech
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U.S. Treasury Secretary Janet Yellen is visiting China to discuss unfair Chinese trade practices and domestic manufacturing policies. Chinese state media are skeptical and anxious about potential U.S. tariffs on green energy products. China's government subsidies have led to overcapacity in the clean energy sector, driving down costs and igniting price wars. However, there are concerns that the excess capacity will flood global markets with low-priced exports, threatening jobs in the U.S. and Europe. Yellen emphasized the need for a healthy economic relationship and suggested that China shift its policies to encourage domestic household consumption instead of subsidizing green energy. The U.S. has not ruled out tariffs in response to China's subsidized manufacturing. The Xinhua News Agency expressed skepticism about U.S. intentions and its use of protectionist policies. The U.S. has taken steps to reduce reliance on Chinese technologies and boost domestic manufacturing capabilities. Yellen will continue her meetings in Beijing with senior officials, economists, and the central bank governor.
#JanetYellen #China #Tariffs #GreenTech #TradePractices #DomesticManufacturing #Subsidies #Overcapacity #GlobalMarkets #ProtectionistPolicies #UsEconomy #XinhuaNewsAgency
https://finance.yahoo.com/news/yellen-heads-beijing-china-worries-032713507.html
Stock market today: Tech leads market surge after jobs report blowout
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Stocks finished higher Friday as investors shook off jitters after digesting a strong monthly jobs report, even as uncertainty lingers over the Federal Reserve's path to interest rate cuts. The Dow Jones Industrial Average put on about 0.8%, or 300 points, while the S&P 500 added 1.1% on the heels of its worst single-day fall since February. The tech-heavy Nasdaq Composite gained 1.2%. The US labor market continued to impress in March, with employers adding 303,000 jobs, much more than economists expected, while the unemployment rate ticked back down to 3.8%. Wage growth also met expectations. Nerves in the market are running high, going by this week's bumpy action in stocks. Investors are juggling economic releases and corporate news alongside growing tensions in the Middle East. Oil prices held near multimonth highs on Friday, building on the big gains notched amid escalating Israel-Iran tensions. Brent crude futures hovered just below $91 a barrel, while West Texas Intermediate futures changed hands at just under $87.
#StockMarket #TechStocks #JobsReport #FederalReserve #InterestRateCuts
Why consumers are still seeing inflation in strong labor market
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Consumers are still experiencing inflation despite a strong labor market. BofA Securities Head of US Economics Michael Gapen discusses the state of US consumer sentiment around inflation as the Federal Reserve considers March's jobs figures in their inflation path for 2024. Gapen explains that while certain aspects of the labor market, such as wage growth, haven't reached all corners of the US economy, households are still adjusting to the upward shift in the price level over the past few years.
#Inflation #LaborMarket #UsEconomy #ConsumerSentiment #FederalReserve
https://finance.yahoo.com/video/why-consumers-still-seeing-inflation-195324589.html
US economy has Wall Street 'borderline speechless' after blowout March jobs report
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The US economy added 303,000 jobs in March, nearly 100,000 more than expected, and the unemployment rate fell to 3.8%. The percentage of Americans participating in the workforce increased, and the manufacturing sector has entered expansion territory. Layoffs have remained low, and labor productivity is picking up for the first time in 15 years. These positive economic indicators have led forecasters to boost their outlook for US economic growth in 2024. The rise in the US population and increased immigration have contributed to the robust economy. The Federal Reserve is not concerned about further expansion of the labor market leading to inflation. The strong economic growth has reduced expectations of Federal Reserve interest rate cuts. Despite this, the stock market has rallied in response to the positive economic news.
#UsEconomy #MarchJobsReport #WallStreet #UnemploymentRate #LaborMarket #EconomicGrowth
US economy added over 300K jobs, but are wages keeping up?
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The jobs report for March revealed that the US economy added over 300,000 jobs, surpassing expectations. However, the question remains: are wages keeping up with the job growth? Yahoo Finance Markets Reporter Nicholas Jacobino analyzes the March jobs report and delves into the topic of wages and its implications for the labor market.
#UsEconomy #JobGrowth #Wages #MarchJobsReport #LaborMarket
https://finance.yahoo.com/video/us-economy-added-over-300k-134512988.html