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For ultra-wealthy individuals and executives of public companies, borrowing against their shares is a powerful financial strategy.
In today’s rapidly evolving AI landscape, two names stand out in the realm of conversational assistants—Anthropic’s Claude and OpenAI’s ChatGPT. Although both are built on large language models, they diverge sharply in design philosophy, technical implementation, safety protocols, and real‑world performance. This article examines their fundamental differences, reviews benchmark results, and outlines use case recommendations, providing a forward‑looking analysis for decision‑makers and developers alike.
The AI race just got more interesting.
Amazon Web Services (AWS) has officially entered the quantum computing race with the unveiling of Ocelot, its first quantum chip, developed in collaboration with Caltech.
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The BLS reported 151 thousand non-farm jobs were added in February. During the Winter months, I like to look at the weather impact on the report. The BLS reported 404 thousand people were employed in non-agriculture industries, with a job, but not at work due to bad weather. The average for February over the previous 10 years was 300 thousand (median 222 thousand), so more people than normal were impacted by bad weather. Weather-Adjusted Change in Total Nonfarm Employment (monthly change, seasonally adjusted). They use local area weather to estimate the impact on employment. For February, the San Francisco Fed estimated that weather reduced employment by 2 to 12 thousand jobs. It appears weather adjusted job gains were around 160 thousand in February (seasonally adjusted)
For ultra-wealthy individuals and executives of public companies, borrowing against their shares is a powerful financial strategy.
Weekend: Schedule for Week of March 9, 2025 Pre-Market Data and Bloomberg futures S&P 500 are down 48 and DOW futures are down 294 (fair value). WTI futures at $67.04 per barrel and Brent at $70.36 per barrel. A year ago, WTI was at $79, and Brent was at $84 - so WTI oil prices are down about 11% year-over-year. Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.05 per gallon. A year ago, prices were at $3.40 per gallon, so gasoline prices are down $0.35 year-over-year.
Personal Essays, Lies, Popes, GPT-4.5, Banks, Buy-and-Hold, Advanced Portfolio Management, Trade, Karp
The key report this week is February CPI. ----- Monday, March 10th ----- No major economic releases scheduled. ----- Tuesday, March 11th ----- 6:00 AM ET: NFIB Small Business Optimism Index for February. 10:00 AM ET: Job Openings and Labor Turnover Survey for January from the BLS. ----- Wednesday, March 12th ----- 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. Consumer Price Index for February from the BLS. The consensus is for a 0.3% increase in CPI, and a 0.3% increase in core CPI. The consensus is for CPI to be up 2.9% Year-over-year (YoY), and core CPI to be up 3.2% YoY. ----- Thursday, March 13th ----- 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 225 initial claims up from 221 thousand last week. Producer Price Index for February from the BLS. The consensus is for a 0.3% increase in PPI, and a 0.3% increase in core PPI. Q4 Flow of Funds Accounts of the United States from the Federal Reserve. ----- Friday, March 14th ----- 10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for March).
