Welcome back, maybe. Will AI help the New York Knicks overcome their elimination from the NBA playoffs? I doubt it. However, the outline of this method is Creating the best AI prompts might help you try it out. “Dear AI, how do you mend a broken heart?”
In today’s big story, we look at how this happens. Summer is shaping up to be tough for the stock market.
What’s on deck:
But first, they’re out of stock for the summer.
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big story
summertime sadness
There’s an old saying on Wall Street this time of year: “Sell in May and be gone.”
Summer has historically been a tough time for stocks. The S&P 500 has averaged about 2% gains from May to October since 1990. This is well below his average performance from November to April (7%). According to Fidelity.
But to borrow another well-worn Wall Street saying, “past performance is no guarantee of future returns.”In the market This month has reached an all-time high! Maybe it will be different this time…
Unfortunately for investors, some market experts don’t see it that way, writes Business Insider’s Jennifer So.The stock is It is on track to remain flat or turn negative in the future.That’s according to two market veterans Jennifer spoke to.
But it’s not a question of history repeating itself. There are several factors contributing to the pessimism about the future of stocks. The stock price is incredibly high and there is little room to run. A recession remains a strong possibility. And elections will be held in November.
The bleak outlook is an unpopular view. great inflation data There is renewed hope that a rate cut may not be far off. But this theory falls apart when you consider how sensitive Fed Chairman Jerome Powell is on this issue. Interest rate decisions move too quickly.
Sorry to the fine dining in the Hamptons and Montauk. As BI’s girlfriend Linette Lopez previously wrote, the end result could be something like this: Wall Street’s summer plans are dashed.
But there is one company that can save the day. It’s Nvidia.
The masterpiece of the AI craze got off to an explosive start to the year, surging more than 64% in the first two months, before experiencing a relatively quiet few months.The stock is only It has risen about 12% since March.
Nvidia will take center stage again Wednesday, reporting fiscal 2025 first-quarter earnings after the bell.
Big numbers and a strong outlook could once again enthuse the market about the potential of AI. A win for his Nvidia, the leading chipmaker in this space, is a win for everyone betting on the future of AI.
But its lack can cause further problems.
News summary
Catch up on Monday’s headlines
A quick summary of the weekend’s top news.
Three things in the market
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No, Warren Buffett’s large amounts of cash are not a cause for concern. Legendary investor Berkshire Hathaway has $189 billion in cash, leading some to speculate that a stock market crash is imminent. But one fund manager said this stockpile was actually created because Berkshire is so large. A few companies you can invest in to really make a difference.
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How much is Wall Street paying AI talent? BI collected salary data for AI departments at eight banks, including JPMorgan and Goldman Sachs, to understand the current market for technology talent. Here’s how much they chargefrom $95,000 for an analyst role to over $260,000 for an executive director of data science.
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Michael Burley is betting on money. “Big Short” investors Revealed $8 million stake This week we’re talking about precious metals. John Paulson, who rose to fame by sparking the mid-2000s housing crisis, also saw gold rise.
Three things about technology
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Meta has a desperate plan to win back Gen Z. Fewer and fewer people are posting on Instagram.To win them back, Instagram is giving prizes to users Virtual rewards for certain “achievements” or milestones on the platform. I don’t think you can expect that.
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This could be the future of IVF. Conceivable Life Sciences is built Robots and AI models automate key parts of IVF. Its co-founders say it has the potential to save patients tens of thousands of dollars.
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A slimmer iPhone may be on the way. The Information reported on Friday that Apple The company is working on redesigning its flagship product. It is likely to be released alongside the iPhone 17 in September 2025. Per retailer, the purchase price for this phone will likely be more than $1,200.
3 things in business
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Oracle’s risky bet. Larry Ellison bet $28 billion on whether he could revolutionize health care. By acquiring medical records company Cerner, the billionaire planned to inject its vast medical data into his AI model at Oracle to develop future electronic medical records systems. so far, It was a disaster.
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Middle class but still broke? Welcome to the club.middle-income Americans Not living a middle class lifestyle — They instead spend more, just like lower-income workers, according to research.
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Don’t expect AI to crack the influencer game just yet. AI-generated short-form video ads have gone viral, raising concerns among content creators that selling their likenesses could hinder future job opportunities.but Industry experts don’t expect technology to replace real peopleAt this point.
In other news
What happened today
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Today’s earnings: zoom etc. Companies are reporting.
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A jury trial has been held for the man accused of murdering Cash App founder Bill Lee.
Insider Today Team: Dan DeFrancesco, deputy editor and anchor based in New York. Jordan Parker Erb is an editor based in New York. Hallam Block, editor, lives in London. Reporter George Glover lives in London.
Read the original article on Business Insider
