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11-19-2023

TECH

• OpenAI’s CEO Sam Altman has been fired by the company’s board due to a lack of consistent communication and transparency.

• Elon Musk threatens to file a “thermonuclear” lawsuit against Media Matters for America over claims of misrepresentation on social media platform X. Major companies, including Disney and Apple, have halted advertising on X due to concerns over antisemitic content.

• Fastly Inc’s Executive Vice President and Chief Revenue Officer, Brett Shirk, sold 31,482 shares, raising investor concerns about the company. Global Payments Inc’s Executive Vice President and Chief Accounting Officer, David Sheffield, sold 1,800 shares, raising concerns among investors. S&P Global Inc CEO Douglas Peterson sold 6,000 shares, raising investor concerns about the company’s financial health. Informatica Inc’s EVP & Chief Product Officer, Jitesh Ghai, sold 14,884 shares, raising questions about his confidence in the company. Fastly Inc’s CFO, Ronald Kisling, sold 48,149 shares, raising questions about the company’s growth prospects.

• Nvidia’s quarterly results may exceed expectations due to strong demand for artificial intelligence, while Best Buy and HP face slumping sales.

• Germany, France, and Italy have agreed on AI regulation, advocating for binding voluntary commitments for all AI providers in the EU.

• Meta Platforms has disbanded its Responsible AI team in order to prioritize its generative AI development efforts.

• Nothing Chats, a messaging app by Nothing and Sunbird, was removed from Google Play for security vulnerabilities and lack of encryption, exposing user data.

MEDIA

• Tens of thousands of people rally in Australia demanding a ceasefire in Gaza as the death toll exceeds 12,000 civilians.

• A class-action lawsuit has been filed against the Las Vegas Grand Prix after a loose drain cover damaged a car. Max Verstappen wins the race, overcoming a penalty. The event faced challenges and controversies. Local businesses and workers suffered financial losses.

• Taylor Swift postponed her concert in Rio de Janeiro due to scorching heat and the death of a fan.

• Sean Combs and Cassie Ventura settle abuse and rape lawsuit one day after it was filed, with no details disclosed.

• Deal Tomato ranks early Black Friday deals on 80’’ and 85’’ smart TVs from brands like Samsung, LG, Sony, and more. Walmart, Amazon also offer discounts on popular TV brands.

• The Last of Us Part II Remastered is coming to PS5 on January 19th, 2024, with improved graphics and a new roguelike survival mode called No Return.

• Save Bubble has compiled a list of early Black Friday 2023 gaming laptop deals, featuring brands such as MSI, HP, Lenovo, ASUS, Dell, and Acer. The Consumer Post has gathered the top early HP deals for Black Friday 2023, offering discounts on laptops, desktops, and monitors.

• US artists are calling for AI regulation due to concerns about its impact on their livelihoods, while technology companies oppose it. The US Copyright Office has received thousands of comments on the matter.

• The Manchester women’s derby at Old Trafford is expected to set a new attendance record with 45,185 tickets sold.

• House Speaker Mike Johnson will release 44,000 hours of January 6 footage, starting with 90 hours, as promised during his campaign.

CONSUMER

• Executives from ThredUp, Climb Global Solutions, Peloton Interactive, and Instructure Holdings sell shares, raising concerns about their respective companies’ futures.

• These articles offer tips for Black Friday shopping, including deal hunting, creating a budget, and prioritizing values when buying gifts.

• Investors may want to reconsider buying shares of Scotts Miracle-Gro due to recent losses and declining earnings, raising concerns about the sustainability of its dividend.

• Estée Lauder Companies and Lear Corporation will both pay dividends in December, with yields of 2.1% and 2.3% respectively.

• JAKKS Pacific, a toy company, is considered a “strong buy” due to its turnaround, undervaluation, strategic partnerships, and solid financials.

• Cartier debuts a new four-floor boutique in SoHo, New York, showcasing exclusive designs inspired by the city’s unique style.

REAL ESTATE

• Residents of Grindavik, Iceland may have to wait months to return home due to an imminent volcanic eruption and seismic activity.

• The Canadian government is providing $67 million for rental homes in British Columbia and $76.2 million for rental homes in Quebec City and Lévis.

• U.S. home sales are expected to decline in October due to low affordability and limited supply, but lower mortgage rates may boost sales. In Oklahoma City, high interest rates slowed home sales, but falling mortgage rates could attract more buyers.

• Due to high mortgage rates and home prices, nearly 40% of Americans now own their homes without a mortgage.

TRAVEL

• Expedia Group’s Chief Legal Officer, Robert Dzielak, sells 70,000 shares, joining a trend of insider selling activities.

ECONOMIC

• Argentines vote in a closely contested presidential runoff between Economy Minister Sergio Massa and outsider libertarian Javier Milei.

• UK Chancellor Jeremy Hunt has ruled out tax cuts that would fuel inflation but is considering income tax cuts and a possible cut to inheritance tax.

• 13 dividend stocks with upside potential, including Procter & Gamble, Target, Walmart, and Bristol-Myers Squibb, are discussed in this article. The top 30 dividend champions ranked by yield, including Altria Group, Walgreens, and Leggett & Platt, are listed in this article. Walgreens Boots Alliance and AT&T are among the top dividend buy candidates for October 2023, as discussed in this article. Cisco Systems, Procter & Gamble, UnitedHealth Group, and more are among the top-performing Dow stocks in 2023, as highlighted in this article. The recent resurgence of value stocks is discussed, with Exxon Mobil, Berkshire Hathaway, Procter & Gamble, and Walmart being specific examples. Visa and Apple are among the 10 dividend growth companies worth considering, as discussed in this article.

• Taiwan’s opposition parties, the KMT and TPP, are deadlocked over selecting a presidential candidate and using opinion polls.

CRYPTO

• Vyvo Smart Chain is expanding its HealthFi ecosystem to include integration with Apple Watch, enabling users to monetize their health data.

HEALTH

• Demand for weight loss drug Ozempic, containing semaglutide, causes shortages globally, with wealthy individuals buying it online for thousands.

• TikTok morticians’ behind-the-scenes videos inspire young women to join the field, causing a surge in mortuary science program enrollment.