Month: July 2024
How Visa employed artificial intelligence to check $40 billion in fraud as scammers also take to AI
Blocks forming robot on white background. Yuichiro Chino | Moment | Getty Images Payments giant Visa is using artificial intelligence and machine learning to counter fraud, James Mirfin, global head of risk and identity solutions at Visa, told CNBC. The company prevented $40 billion in fraudulent activity from October 2022 to September 2023, nearly double […]
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U.S. Secretary of Commerce talks domestic chip production: ‘There’s no place to be reckless here or play politics’
In a Thursday interview with CNBC’s Jim Cramer, U.S. Secretary of Commerce Gina Raimondo stressed the importance of domestic chip production and said the country is on track to meet its end-of-decade goal. “My boss, President Biden, has been crystal clear on this topic, and I think there’s no place to be reckless here or […]
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Why the new spot ether ETFs may ‘be a hit’ despite recent weakness
ETF Edge Why the new spot ether ETFs may ‘be a hit’ despite recent weakness Published Thu, Jul 25 20248:00 PM EDT Ellie Stevens@elliestevens02 WATCH LIVE Source
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Kamala Harris debuts official TikTok account as presidential campaign picks up
U.S. Vice President Kamala Harris delivers the keynote speech at the American Federation of Teachers’ 88th national convention in Houston, Texas, U.S. July 25, 2024. Kaylee Greenlee Beal | Reuters Vice President Kamala Harris debuted an official TikTok account on Thursday, underscoring the social broadcasting app’s importance to the 2024 presidential campaign as a way […]
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GM reveals new Chevy Corvette with 1,000-plus horsepower and record top speed
2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package. DETROIT — General Motors’ newest Chevrolet Corvette will be the most powerful version of the American sports car ever produced — and it’s not even close. The Detroit automaker said Thursday the 2025 Chevy Corvette ZR1 will be powered by a twin-turbocharged, 5.5-liter, V8 engine capable […]
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Growth stocks are plenty. Veteran growth investor shares how he picks ones that can double their earnings
Some growth stocks, such as major tech companies, had a mostly good run since the start of 2023, but their performance has been unequal. The “Magnificent Seven” stocks have mostly been driving the rally in the S & P 500 . In fact, growth stocks overall had “a very difficult time” in 2022 and some […]
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Beyond Novo and Eli Lilly: Watch these biotech and weight loss drug names, fund manager says
Weight loss drugs have drawn investor interest and shaken up other sectors in the past year or so. Novo Nordisk and Eli Lilly were two early winners of this trend, as their drugs dominate the weight loss drug market. Yuri Khodjamirian, fund manager at Tema ETFs, said both companies are a “very powerful duopoly.” “But […]
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Samsung hints at new products as it bets on AI to drive upgrades to its latest foldable phones
TM Roh, the head of Samsung’s mobile business, talked about the company’s new products at the Galaxy Unpacked event in Paris, France on July 10, 2024. Samsung unveiled a slew of new products including foldable smartphones, new smartwatches and the Galaxy Ring. Arjun Kharpal | CNBC In a swanky downtown Paris hotel, Samsung Electronics’ mobile […]
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How to invest in gold — and is it worth it?
Gold has been coveted for thousands of years, with its beauty, versatility and reputation as a safe haven making it hard to resist. From bars of bullion to mining stocks and ETFs, there’s myriad ways to get involved. But has gold historically been a good investment? CNBC Pro takes a look at the pros and cons […]
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Stock futures rise slightly as investors prepare for Fed’s preferred inflation gauge: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) as a picture of Vice President Kamala Harris is displayed on a television screen on July 22, 2024 in New York City. Spencer Platt | Getty Images Stock futures rose modestly on Thursday evening as the major averages head for weekly losses and […]
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