BizToc
3) Walmart Acquires Vizio in $2.3B Deal —

Retail giant Walmart expands its tech footprint, buying TV manufacturer Vizio for $2.3 billion, hinting at a new direction in consumer electronics. #WalmartVizio
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BizToc
2) PBOC's Surprising Rate Cut —

China's central bank makes an unexpected move, cutting rates to tackle the nation's economic slowdown, signaling further policy shifts ahead. #RateCut
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BizToc
📰 BizToc.com Hourly News Flash

1) HSBC Hits Snag with China Investments —

HSBC's 2023 report reveals profits undercut by $3B due to China investments, raising questions about the bank's future strategy. #HSBCChina
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BizToc
👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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BizToc
4) Wyze Security Breach Exposed —

Popular smart home company Wyze suffers a breach, inadvertently allowing 13,000 customers to access each other's camera feeds. #WyzeBreach
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BizToc
3) Bezos Offloads Amazon Shares —

Jeff Bezos sells $8 billion worth of Amazon shares, sparking debates on his confidence in the e-commerce giant's future. #BezosSale
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BizToc
2) NY AG Threatens Trump Asset Seizure —

New York's Attorney General intensifies legal pressure on Donald Trump, threatening to seize Trump Building if a $355 million debt isn't settled. #TrumpDebt
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BizToc
📰 BizToc.com Hourly News Flash

1) China Puts Brakes on Quant Trading —

China's clampdown tightens on quant trading, freezing accounts of a top fund and signaling increased oversight in the finance sector. #QuantCrackdown
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Hidden Value Gems
Good old days: during 2000-2010, Altria (with declining sales volumes) outperformed still growing Microsoft.

I wonder what stock or sector could be today’s Altria? Could this be Energy or Banks? China, dare I say?

The chart is from Andrew Hunt’s book Better Value Investing (ex Baillie Gifford PM). I read it in one evening. $MSFT $MO #investing
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Hidden Value Gems
“The UK has fewer homes per adult than most of its European neighbours, like France, Italy and Spain.” via @FT

The charts highlighting the state of housing undesupply in the UK

👇🏼 $VTY.L
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Hidden Value Gems
“The key to good decision-making is not knowledge. It is understanding. We are swimming in the former. We are desperately lacking in the latter.”

- Malcolm Gladwell, Author
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Ben's Bites
today in AI:

1/ Gemini Advanced can now run Python code without having to copy-paste into Colab, or your IDE. You can also edit the code within Gemini’s sandbox.

2/ Adobe announces its own “chat with PDF”. Finally, we covered that @Adobe’s working on one in early December. It’s called AI assistant in Acrobat and launched in beta for paying users. More deets: bensbites.beehiiv.com/p/adob…

3/ Scale AI signs 1 year contract with Pentagon. @scale_AI will help build tools that test and evaluate LLMs and their performance in different domains for defence officials. Our summary: bensbites.beehiiv.com/p/scal…

PLUS: Google just released Gemma! blog.google/technology/devel…
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