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TradeBriefs Editorial

From the Editor's Desk

Are Customers Lying to Your Chatbot?

Automated customer service systems that use tools such as online forms, chatbots, and other digital interfaces have become increasingly common across a wide range of industries. These tools offer many benefits to both companies and their customers — but new research suggests they can also come at a cost: Through two simple experiments, researchers found that people are more than twice as likely to lie when interacting with a digital system than when talking to a human. This is because one of the main psychological forces that encourages us to be honest is an intrinsic desire to protect our reputations, and interacting with a machine fundamentally poses less of a reputational risk than talking with a real human. The good news is, the researchers also found that customers who are more likely to cheat will often choose to use a digital (rather than human) communication system, giving companies an avenue to identify users who are more likely to cheat. Of course, there’s no eliminating digital dishonesty. But with a better understanding of the psychology that makes people more or less likely to lie, organizations can build systems that discourage fraud, identify likely cases of cheating, and proactively nudge people to be more honest.

Continued here


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After a Boom, Craft Beer Considers a New Creed: Less Is More    
After a Boom, Craft Beer Considers a New Creed: Less Is More
As of last November, sales of beer in stores had fallen 3.1 percent by volume from a year earlier, according to the market research firm NIQ. At bars and restaurants, sales declined nearly 4.7 percent. (For craft beer alone, the drop was even sharper: 5.3 percent in store sales and 6.7 percent in bars and restaurants.)


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What is prompt-engineering for artificial intelligence? - The Economist (No paywall)    
What is prompt-engineering for artificial intelligence?
Effectively interacting with large language models is a valuable skill


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‘Thank God for the Houthis’: why Arab world is backing Yemen rebels - FT (No paywall)    
Islamist group wins praise for defending Palestinians, helping it escape scrutiny for increasing repression at home


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The risks to global finance from private equity’s insurance binge - The Economist (No paywall)    
The risks to global finance from private equity’s insurance binge
Funding pensions with private assets holds promise—but needs scrutiny


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Elon Musk's AI startup is reportedly looking to raise up to $6 billion    
Elon Musk's AI startup is reportedly looking to raise up to $6 billion
Turns out Parag Agrawal, who was briefly CEO of Twitter before Elon Musk took over the social media platform, has reportedly raised about $30 million for an AI startup of his own. The company is reportedly building software for developers of large-language models (LLMs), which power chatbots. Meanwhile OpenAI chairman Bret Taylor—once the co-CEO of Salesforce and the chairman of the board of Twitter—is close to finalizing new investment, led by VC firm Sequoia Capital, which would value his AI company at $1 billion, Bloomberg reported Thursday, Jan. 25.


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Warren Buffett's First Failed Business Venture Cost Him 20% Of His Net Worth — Now He Says, 'Risk Comes From Not Knowing What You're Doing'    
Warren Buffett's First Failed Business Venture Cost Him 20% Of His Net Worth — Now He Says, 'Risk Comes From Not Knowing What You're Doing'
Investing in startups presents similar risks but with the potential for high rewards. Like Buffett, investors can minimize risk by thoroughly understanding the business, its market potential and the team behind it. This knowledge-based approach aligns with Buffett’s philosophy: Informed decisions can significantly reduce the risks associated with investing in early-stage companies.


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Voters in Colorado Case Lay Out Their Argument to Block Trump From Ballot    
Voters in Colorado Case Lay Out Their Argument to Block Trump From Ballot
The central issue in the case is the meaning of a clause in Section 3 of the 14th Amendment of the Constitution that was added in the wake of the Civil War. That language prohibits from holding office those “who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any state legislature, or as an executive or judicial officer of any state, to support the Constitution of the United States,” have “engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof.”


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AmEx members expensed $100 billion at restaurants last year    
AmEx members expensed $100 billion at restaurants last year
And just like the rest of the economy, delinquencies have started rising for AmEx’s spendy customer base as well. Nationwide, they’re at about 3%. At American Express, they’ve soared to—gasp—1.4%.


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Southwest, American, and Delta are feeling the impacts of Boeing's troubles    
Southwest, American, and Delta are feeling the impacts of Boeing's troubles
Delta has ordered 100 Max 10s for delivery beginning in 2025, though. Delta CEO Ed Bastian expressed confidence last week in an interview with CNBC that those aircraft will make it to the company on time, whereas United has appeared more skeptical.


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Worries in Europe Over the White House Move to Delay Gas Terminals    
Worries in Europe Over the White House Move to Delay Gas Terminals
Over the last two years, an enormous surge in liquefied gas exports from the United States helped Europe largely replace flows of natural gas from Russia, which had been Europe’s mainstay supplier of the fuel. According to Kpler, a research firm, U.S. gas exports to Europe more than doubled from 2021 to 2022, to about 52 million metric tons, and then increased modestly in 2023. These shipments have “been key in stopping Russia from forcing Europe down on its knees with using energy as a geopolitical weapon,” Mr. Persson said.


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Jury rules Trump must pay E. Jean Carroll $83.3 million in damages for defamation    
Jury rules Trump must pay E. Jean Carroll $83.3 million in damages for defamation
Kaplan previously ruled that because of the prior verdict, there was no legal question that Trump defamed Carroll. That ruling left only the question of monetary damages remaining for the jury.


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10-year yield is little changed near 4.14% after another encouraging inflation report    
10-year yield is little changed near 4.14% after another encouraging inflation report
The inflation data \"is improving, giving the Fed leeway to cut rates this year,\" wrote Jeffrey Roach, chief economist at LPL Financial. \"However, the Fed has further work to do and should not be tempted to declare \'mission accomplished.\'


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Kenya high court rules against plan to deploy hundreds of police to Haiti    
Kenya high court rules against plan to deploy hundreds of police to Haiti
Kenya’s interests in leading the mission remain unclear. Observers have speculated that it is part of the current administration’s attempts to build the east African nation’s international profile, while others see its involvement as a proxy for its western ally, the US. Kenya also stands to make some financial gain from the mission, to which the US has pledged $100m (£79m) in intelligence, logistical and medical support.


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Fight over border intensifies as Texas governor pledges more razor wire    
Fight over border intensifies as Texas governor pledges more razor wire
The use of razor wire is part of Abbott’s publicly funded Operation Lone Star program, a joint effort between the Texas department of public safety and the Texas military department that began in 2021 to curb irregular migration. It coincided with more people crossing into the US because they were unable to claim asylum at an official crossing point or by appointment. Meanwhile, tense talks continue in Washington over legislation to tighten border restrictions.


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Thousands across Austria take part in protests against far right    
Thousands across Austria take part in protests against far right
Sellner and Krah are regular guests at Kubitschek’s Institute for State Policy thinktank in Schnellroda, Saxony-Anhalt, which is under observation by German authorities on suspicion of far-right extremism. Kubitschek is viewed as a figurehead of the so-called Neuen Rechten or New Right in Germany, advising far-right groups, and is seen as a political mentor to the identitarian movement.


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UN court orders Israel to ensure acts of genocide are not committed in Gaza    
UN court orders Israel to ensure acts of genocide are not committed in Gaza
A Reuters report on Thursday said the director of the US CIA and his Israeli counterpart would meet Qatari officials in the coming days for talks on a second potential Gaza hostage deal and a pause in fighting.


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'We are victims of failing system,' Mia Janin's father says after inquest into girl's death    
'We are victims of failing system,' Mia Janin's father says after inquest into girl's death
In the UK and Ireland, Samaritans can be contacted on freephone 116 123, or email [email protected] or [email protected]. In the US, you can call or text the National Suicide Prevention Lifeline on 988, chat on 988lifeline.org, or text HOME to 741741 to connect with a crisis counselor. In Australia, the crisis support service Lifeline is 13 11 14. Other international helplines can be found at befrienders.org


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Angry Trump fumes after $83.3m damages ruling in E Jean Carroll case    
Angry Trump fumes after $83.3m damages ruling in E Jean Carroll case
“I can’t believe his lawyers haven’t succeeded in just telling him, ‘Campaign for president, run for president, make your accusations about a two-tiered justice system. But leave this alone.’”


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American Couples Should Count on Needing At Least This Much Money For Retirement Each Month    
American Couples Should Count on Needing At Least This Much Money For Retirement Each Month
Social Security benefits represent an important source of retirement income for most retirees. SmartAsset’s Social Security Calculator will you how much you can expect to receive using your income and your planned retirement date.


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Holy cow: Egypt sacrifices animal for AFCON luck    
Holy cow: Egypt sacrifices animal for AFCON luck
Egypt\'s campaign has been hit by injuries. The Pharaohs lost star Mohamed Salah to a hamstring injury in their second group game, then goalkeeper Mohamed El Shenawy with a dislocated shoulder in the third and last group game.


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NBA Rivals Week: Debating Heat-Knicks, Embiid-Jokic, LeBron-Steph and more    
NBA Rivals Week: Debating Heat-Knicks, Embiid-Jokic, LeBron-Steph and more
Lopez: It\'ll go deeper than just Wembanyama vs. Holmgren and turn into a full-fledged Spurs-Thunder rivalry. With Gilgeous-Alexander playing at an MVP-type level, there\'s no reason to think he falls off and the Thunder go with him. If San Antonio can build around Wembanyama and put a team around him that contends, the Spurs and Thunder could find themselves as rivals for years to come with plenty of playoff series to go along with it.


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Our guide to Chiefs-Ravens, Lions-49ers: Picks, predictions and stats to know    
Our guide to Chiefs-Ravens, Lions-49ers: Picks, predictions and stats to know
Matchup must-reads: Lions turn attention to 49ers after ousting Bucs in playoffs ... Purdy on playoff struggles: \'It\'s a new game\' ... Campbell links winless 2008 Lions to success of 2023 team ... Samuel, Williams provide 49ers with leadership


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Kaplan's buzz: Latest on the NHL in Utah and a look at the goalie market    
Kaplan's buzz: Latest on the NHL in Utah and a look at the goalie market
Anaheim GM Pat Verbeek has held firm on a high asking price for John Gibson. It seems Calgary is navigating the Jacob Markstrom situation delicately. He could be available, but management is only approaching him about his no movement clause if it has serious offers. Jake Allen and Kaapo Kahkonen might be depth options. With the scarcity, you can see why so many teams are curious if Marc-Andre Fleury in Minnesota will be open to a trade.


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WrestleRank 2024: Ranking the best wrestlers from 60 to 1    
WrestleRank 2024: Ranking the best wrestlers from 60 to 1
Note: ESPN\'s WrestleRank panel, which included reporters, editors, producers and analysts -- along with external industry experts and insiders -- consisted of Brandon Caldwell, Mike Coppinger, David Dennis, Arda Ocal, Marc Raimondi, Eddie Maisonet, Andrew Feldman, TK Trinidad, Cam Hawkins, Andreas Hale, Kendall Howard, Miller Safrit, Chandler MacKenzie, Andrew Davis, Cheyenne Leeman, Bob McClellan, Greg Wyshynski, Sach Chandan, Terrance Williams and Victor Lopez.


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Jurgen Klopp has announced he's leaving Liverpool. Now what?    
Jurgen Klopp has announced he's leaving Liverpool. Now what?
The last member of the group who made Liverpool great again is on his way out. Here\'s hoping he and Liverpool supporters can put the fear of the future to one side and focus on making his final months at Anfield as successful and thrilling a ride as possible. Because, as Eckhart Tolle writes in \"The Power of Now,\" you can\'t control the past and you can\'t control the future. You can only control the present.


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'They deserve it': Members of 0-16 Lions on Dan Campbell, long-suffering fans and Super Bowl dreams    
'They deserve it': Members of 0-16 Lions on Dan Campbell, long-suffering fans and Super Bowl dreams
Henson: You\'re carrying the torch for every squad that came before you. We\'re in the history books for that year [2008] and they\'ve got an opportunity to change the narrative of the whole franchise and I think they\'ve done that to a point. And if they can finish it off, they would be obviously the greatest team in history, but one that\'s remembered for generations.


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Jadeveon Clowney's reinvention propels the Ravens    
Jadeveon Clowney's reinvention propels the Ravens
So he never amounted to Lawrence Taylor 2.0. That\'s just fine, he figures. And if there are people out there who want to asterisk his career because he was supposed to be Lawrence Taylor 2.0, that\'s all right too.


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Women's Bracketology: Could South Carolina lose twice and still stay No. 1 overall?    
Women's Bracketology: Could South Carolina lose twice and still stay No. 1 overall?
In this projection, the committee selects and seeds the 16 best available teams. There are no automatic qualifiers, although all non-competing conference champions receive the designated revenue unit.


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Who will win the Australian Open women's title?    
Who will win the Australian Open women's title?
Michaels: Sabalenka. She has done it before and will do it again. No other player, Zheng included, has been in the same stratosphere as Sabalenka this tournament. She\'s well rested and focused, and she knows exactly what it takes to lift the trophy in Melbourne.


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What happened to Djokovic -- and what it means for Sinner    
What happened to Djokovic -- and what it means for Sinner
\"This tournament hasn\'t been up to my standard or the level that I would normally play or expect myself to play, but doesn\'t necessarily mean that it\'s [the] beginning of the end, you know, as some people like to call it,\" said Djokovic. \"The streak was going to end one day. It was going to happen.


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Year of the Harbaughs? How Jim and John have dominated football in 2024    
Year of the Harbaughs? How Jim and John have dominated football in 2024
\"I have [congratulated him], and my thoughts are, \'We play them next year.\' ... It\'s going to be great. It\'s well deserved,\" John said of his younger brother\'s new gig. \"I\'ll say this -- the Chargers just got themselves one great coach.\"


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Transfer Talk: USMNT's Matt Turner to be replaced at Forest by January signing    
Transfer Talk: USMNT's Matt Turner to be replaced at Forest by January signing
- VfB Stuttgart are keeping an eye on Porto midfielder Marko Grujic, reports Sky Sports Deutschland, with the Serbia international searching for more game time in order to help his ambitions of playing at the Euros this summer. The same outlet states that the Bundesliga club has already secured a transfer for Freiburg midfielder Yannik Keitel, which could add to Grujic\'s salary becoming a sticking point.


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USWNT's Emily Fox says Arsenal move is part of a quest to be world's best full-back    
USWNT's Emily Fox says Arsenal move is part of a quest to be world's best full-back
\"The soccer part was obviously the biggest and most important, but I also wanted to experience a different culture and being living close to London, and the diversity that\'s here,\" she said. \"That\'s been something that I love. And now that I\'m here I can travel almost anywhere in Europe and so just having that life experience as well I think is really important.\"


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NBA Trade Machine - ESPN    
\';projHTML += (diff != 0) ?\'With this trade you have \'+effect+\" \"+\"this team\'s projected wins by \"+Math.abs(diff)+\'.\':\'You have not affected the winning percentage of this team.\';projHTML += \'


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Scott Van Pelt's 'Winners': Ravens-49ers in Super Bowl    
Scott Van Pelt's 'Winners': Ravens-49ers in Super Bowl
I am laying them in the NFC title game. My guess -- and it\'s just a guess -- is the Niners got their poor game out of the way and the Lions away from home have not been as formidable. Their story is hard to resist, they\'ve made massive strides this year. I believe it ends, for this year, in Santa Clara.


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Alabama Hails Nitrogen Gas Execution, a New Attempt to Address an Old Challenge    
Alabama Hails Nitrogen Gas Execution, a New Attempt to Address an Old Challenge
Maya Foa, the joint executive director of Reprieve, a human rights group, disputed that claim, saying that lethal injection had also been called “humane” but has since been compared by federal judges to being waterboarded or burned at the stake.


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‘Textbook’ Execution or Botched One? Alabama Case Leaves Sides Divided.    
‘Textbook’ Execution or Botched One? Alabama Case Leaves Sides Divided.
The descriptions were at odds with what the state had promised in court papers: that the untested method of using nitrogen gas through a face mask would “rapidly lower the oxygen level in the mask, ensuring unconsciousness in seconds.”


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What to Know About Nevada’s Primary and Caucus    
What to Know About Nevada’s Primary and Caucus
Nevada has held a caucus for decades. But in 2021, the state passed a law replacing the caucus with a primary, in large part because of flaws in the reporting process for the 2020 Democratic caucus.


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The Early Race for 2028    
The Early Race for 2028
DeSantis stepped out of the race early in the hopes of not antagonizing Trump and his supporters. Throughout the primary, he ran as a Trump-like candidate, and depending what happens over the next four years, he could present himself the same way in 2028.


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Haley Assails Trump as ‘Unhinged’ and Dismisses Calls to Exit the Race    
Haley Assails Trump as ‘Unhinged’ and Dismisses Calls to Exit the Race
She also accused him of being behind an R.N.C. member’s plan to use a resolution to try to force the party to say the nominating contest was effectively over. But the plan was withdrawn after Mr. Trump rejected it in a post on his Truth Social website.


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Biden Vows Border Shutdown, Pressing Congress to Pass Immigration Deal    
Biden Vows Border Shutdown, Pressing Congress to Pass Immigration Deal
Mr. Biden’s fresh efforts to salvage the deal came hours after Speaker Mike Johnson sought to choke off the last remaining glimmers of hope that it might survive, repeating that the agreement would almost certainly be a nonstarter in the Republican-led House.


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Your Favorite Roadside Attractions    
Your Favorite Roadside Attractions
“Whenever we are out exploring California on road trips and heading home, we are always thrilled to see the beautiful Placer County courthouse right by I-80 that signals we are almost home.” — Jan Foster, Auburn


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More Atmospheric Rivers Are on the Way. Here’s What the West Can Expect.    
More Atmospheric Rivers Are on the Way. Here’s What the West Can Expect.
Overall, there is a high probability of above-average precipitation across the Western U.S. in the next week, according to the Climate Prediction Center forecasters, which could lead to hazardous heavy precipitation. Localized flooding and landslides are possible, particularly in areas that have recently received heavy rainfall.


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One of 2 Inmates Who Escaped Arkansas Jail Is Caught    
One of 2 Inmates Who Escaped Arkansas Jail Is Caught
The authorities believe that Mr. Bryant was most likely hiding somewhere in town, according to Major Bean, who added that they suspected that a network of friends and family members might be helping him evade capture.“There has not been a day without a tip” on Mr. Bryant, Major Bean said.


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Big Tech's investments in AI has regulators asking Microsoft, Amazon, and Google some questions    
Big Tech's investments in AI has regulators asking Microsoft, Amazon, and Google some questions
At that time, Microsoft wanted to make clear that it didn’t own a stake—hoping it would resonate with antitrust regulators. “Microsoft does not own any portion of OpenAI and is simply entitled to share of profit distributions,” Frank Shaw, the company’s chief communications officer, noted in a statement.


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Biden's natural gas export pause adds to his mixed climate record    
Biden's natural gas export pause adds to his mixed climate record
And when it comes to natural gas exports, the pause only applies to future projects. The policy announcement made very clear that the shipments are not stopping, even hailing that exports were expected to double by the end of the decade.


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Taylor Swift deepfakes spark calls in Congress for new legislation    
Taylor Swift deepfakes spark calls in Congress for new legislation
\"What\'s happened to Taylor Swift is nothing new,\" Democratic Rep Yvette D Clarke posted on X. She noted that women had been targeted by the technology \"for years\", adding that with \"advancements in AI, creating deepfakes is easier & cheaper\".


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Meta tool to block nude images in teens' private messages    
Meta tool to block nude images in teens' private messages
The parental supervision tools will now also give parents the ability to deny a teenagers\' requests to change their default safety settings - such as who can direct message them or whether they can view more sensitive content. Previously they were merely notified of a change.


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Over four million illegal vapes seized at border    
Over four million illegal vapes seized at border
Deborah Arnott, chief executive of the anti-smoking charity Action on Smoking and Health said: \"If disposable vapes are banned then Border Force and HM Revenue and Customs will have a much bigger job to do to prevent illegal vapes being imported into the UK, making it even more imperative that there\'s a properly thought-through and implemented strategy.\"


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Train strikes: When and where are the next walkouts?    
Train strikes: When and where are the next walkouts?
If you are reading this page and can\'t see the form you will need to visit the mobile version of the BBC website to submit your question or comment or you can email us at [email protected]. Please include your name, age and location with any submission.


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Government announces second probe of Telegraph sale    
Government announces second probe of Telegraph sale
The Telegraph and the Spectator magazine were put up for sale last year when they were seized by Lloyds Banking Group from long-time owners the Barclay family, which had failed to pay back a loan of more than £1bn.




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