headlines...by halloapp

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01-21-2024

TECH

• Palantir stock shows revenue growth and improved profitability, making it a potentially good investment in the AI market.

• Elon Musk denies reports that his AI startup, xAI, has secured $500 million in funding toward a $1 billion goal.

• Microsoft confirmed that a state-sponsored Russian hacking group breached the email accounts of senior executives, accessing sensitive information.

• OpenAI has suspended and banned the developer of a bot imitating Congressman Dean Phillips for misusing its AI tools in a political campaign.

MEDIA

• The Justice Department criticized Uvalde police for their slow response during a school shooting, potentially leading to legal consequences.

• The US conducts strikes against Houthi forces in Yemen while the Gaza Strip regains internet and cellphone communications. Tensions escalate.

CONSUMER

• Sam’s Club is expanding its product offerings in 2024 with activewear, outdoor gear, and food items, available both in-store and online.

• Save money on kitchen essentials like stand mixers and blenders, with discounts on popular brands like Smeg and Aucma.

REAL ESTATE

• Prologis, a leading industrial REIT, predicts a strong 2024 despite challenges in the real estate market, making it a recommended long-term investment.

• Fannie Mae predicts mortgage rates will drop below 6% by year-end, boosting the housing market rebound and refinance volumes.

ECONOMIC

• Iran accuses Israel of launching an airstrike in Damascus, killing senior Iranian military figures, escalating tensions and raising fears of regional turmoil.

• Longleaf Partners Global Fund achieved solid double-digit returns in 2023, nearly doubling the FTSE Developed Value Index. Longleaf Partners International Fund reported a 7.40% return in Q4 2023 and a 17.42% return for the full year. The fund’s performance was impacted by strong stock performance in Europe and underweight exposure to Japan. The fund made adjustments to its investment approach and portfolio holdings, adding four new businesses and exiting several positions. The Longleaf Partners Small-Cap Fund outperformed benchmark indices in 2023, achieving solid double-digit returns. The fund’s focus on high-quality businesses and improvements in its portfolio management process contributed to its success.

• Warren Buffett urges Citigroup CEO Jane Fraser to continue bank’s reorganization efforts and simplify operations, aiming to boost profits.

CRYPTO

• The SEC is taking Coinbase and Binance to court for allegedly listing unregistered securities on their platforms.