Citi begins retraining 175,000 employees in working with AI: ‘great prompting versus basic prompting to generate impactful results’

Avi Schiffmann, the 22-year-old CEO of Friend.com, is making waves with his $1 million ad campaign featuring a unique necklace that embodies the spirit of capitalism as an artistic medium. He embraces the graffiti that has appeared on his campaign, stating that it enhances the audience's engagement with the work. This approach not only highlights the intersection of technology and art but also sparks a conversation about the role of capitalism in creativity, making it a significant moment in the world of innovative advertising.

Lyft's CEO David Risher recently shared insights about the unique experiences of drivers, likening their roles to those of therapists and bartenders. He emphasizes that his goal is to understand both driver and rider experiences, highlighting the importance of connection in the ride-sharing industry. This perspective not only sheds light on the challenges faced by drivers but also underscores Lyft's commitment to improving the overall experience for everyone involved.

Red Lobster's CEO, Damola Adamolekun, is making waves after successfully steering the company out of bankruptcy. In a recent interview, he expressed his ambition to achieve what he calls the 'greatest comeback in the history of the restaurant industry.' This is significant not just for Red Lobster but for the entire sector, as it showcases the potential for recovery and innovation in a challenging market.

Grindr's CEO, who started with just $500, is making waves with his unconventional parenting approach. He plans to take his kids to the office and on ski trips to instill resilience and grit in them. This perspective not only highlights his commitment to raising self-sufficient children but also reflects a growing trend among successful entrepreneurs who believe in experiential learning over traditional wealth inheritance.

Citi has raised its target price for NVIDIA, reflecting a more optimistic outlook on AI spending. This adjustment highlights the growing confidence in the tech sector, particularly in companies like NVIDIA that are at the forefront of AI innovation. As businesses increasingly invest in artificial intelligence, NVIDIA stands to benefit significantly, making this news particularly relevant for investors and tech enthusiasts alike.

As New York City prepares for the election of a democratic socialist mayor, a notable trend is emerging: wealthy residents are fleeing to the suburbs. This phenomenon, referred to as the 'Mamdani effect' by Westchester agents, highlights the growing concerns among affluent individuals about the city's future under new leadership. A Manhattan realtor expressed that she has never witnessed such a drastic reaction to a mayoral election, indicating a significant shift in the housing market and urban dynamics. This trend matters because it reflects broader societal anxieties and could reshape the economic landscape of both the city and its surrounding areas.

Assort Health has successfully raised $76 million in a Series B funding round, led by Lightspeed. This significant investment highlights the growing confidence in Assort Health's innovative voice AI healthcare platform, which aims to enhance patient care and streamline healthcare processes. The funding will enable the company to expand its technology and reach, ultimately improving healthcare accessibility and efficiency.

Electronic Arts has made headlines by agreeing to go private in a monumental deal valued at $55 billion, marking the largest leveraged buyout in history. This move is significant not only for EA but also for the gaming industry as it reflects growing investor confidence and the potential for increased innovation without the pressures of public markets. Meanwhile, gold prices are hitting new highs amid concerns of a government shutdown, and Citi's Vis Raghavan is being considered as a successor to Jane Fraser, indicating shifts in leadership within major financial institutions. Billionaire Tim Draper is also on the lookout for the next big startup, showcasing the ongoing excitement in the venture capital space.

Citi has announced a strategic shift for the fourth quarter, opting to lean into cyclical stocks while reducing its overweight position on growth stocks. This move reflects a broader market trend as investors seek to capitalize on sectors that may benefit from economic recovery. By focusing on cyclicals, Citi aims to align its portfolio with anticipated market conditions, which could lead to better performance in the coming months.

Citi has reaffirmed its 'Buy' rating for Crown Holdings, setting a price target of $135. This endorsement reflects confidence in the company's growth potential and market position, which is significant for investors looking for promising opportunities in the stock market.

Citi has maintained its stock price target for Ball Corp at $60, indicating confidence in the company's performance and potential for growth. This stability in target price suggests that investors can expect consistent value from Ball Corp, making it an attractive option in the current market. Such endorsements from financial institutions can positively influence investor sentiment and drive interest in the stock.

In a recent discussion, RBC CEO Dave McKay shared insights on how Taylor Swift's approach to leadership and engagement has influenced his own management style. This highlights the importance of adaptability and connection in today's corporate environment, showing that even top executives can learn valuable lessons from unexpected sources. McKay's reflections not only shed light on his personal growth but also emphasize the evolving nature of leadership in the modern world.

Pfizer has made headlines by cutting drug prices by up to 85%, which has earned the company a three-year reprieve from tariffs that President Trump had threatened against the pharmaceutical industry. This significant move not only benefits American consumers by making medications more affordable but also sets a precedent for other drugmakers to follow suit. The deal highlights the ongoing negotiations between pharmaceutical companies and the government, showcasing how companies can navigate tariff challenges while addressing public health concerns.

Libby Cantrill, a managing director at PIMCO, warns that a prolonged government shutdown could significantly disrupt the release and collection of essential federal data, such as jobless claims and payroll statistics. This is crucial because accurate data is vital for economic planning and decision-making. Cantrill's insights highlight the potential ripple effects on the economy if the government fails to operate effectively.

Bank of America has sold its shares in Nuveen for a total of $2,441. This move is significant as it reflects the bank's strategic decisions in managing its investment portfolio, potentially impacting its financial standing and future investment strategies.

South Korea's foreign minister announced that a rough agreement on security has been reached with the United States, marking a significant step in strengthening their alliance. This development is crucial as it enhances regional stability and addresses ongoing security concerns, particularly in light of tensions in the area.

Vita Coco's CEO, Roper, has sold $1.6 million worth of company stock, which raises questions about the company's future direction and leadership decisions. While stock sales by executives can sometimes indicate a lack of confidence in the company's performance, they can also be part of personal financial planning. This move is significant as it reflects the ongoing dynamics within the beverage industry and investor sentiment.

Apple has reportedly paused its overhaul of the Vision Pro headset to shift its focus towards developing AI glasses, according to Bloomberg News. This decision highlights Apple's strategic pivot in the competitive tech landscape, as the company aims to innovate in the rapidly evolving field of artificial intelligence and augmented reality. The move could signal a significant change in how Apple approaches wearable technology, potentially impacting its market position and future product offerings.