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Growth Stocks. Value Stocks. What Do Those Labels Mean?
  + stars: | 2024-05-10 | by ( Jeff Sommer | ) www.nytimes.com   time to read: 1 min
Growth and value are basic categories in stock investing. They are so widely used that you might assume that they mean something specific. Growth stocks promise to deliver a lot of earnings in the future but often deliver less than other stocks right now. Value stocks are priced well below what their advocates consider to be their real worth. If you look under the hood, you will find that what’s called growth or value in leading stock indexes can be wildly different, and can change year by year.
Locations: East, Eastern Europe
Inside a subway station in Lower Manhattan, a group of police officers slowly followed a disheveled man in a soiled gray sweatshirt who was stammering and thrashing his arms wildly. He thumped his chest with an open palm and then, growing exasperated, sat down on a staircase. “Come on,” one officer, Heather Cicinnati, said as the man stumbled forward, disoriented and agitated. “We’ve got to leave the station.”The police officers were part of a team led by a medical worker whose job is to move — by force, if needed — mentally ill people, who are often homeless, out of New York City’s transit system. On that brisk March morning, the team handcuffed him and dragged him out of the subway station.
Persons: , Heather Cicinnati, “ We’ve Locations: Lower Manhattan, New York
Stormy Daniels as We Had Never Seen Her
  + stars: | 2024-05-09 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
There is a certain irony to the fact that the most consequential role Stormy Daniels, the adult entertainer at the heart of the Trump criminal trial, may ever play is taking place off screen. Her blond hair was caught up in the back with bits escaping to shield her face, and she was wearing black-frame glasses and little makeup. On Thursday, when her cross-examination resumed, she was obscured by the same dark cloak, though underneath was a plain green dress. She wore her hair down and a necklace her daughter had made. Ms. Daniels has often been discussed as the most colorful part of the case — the bringer of salacious detail, the source of the juicy tell-all.
Persons: Daniels, Trump, chunky Organizations: Court Locations: Lower Manhattan, cardigan
Automotive journalist Jules Rogers test-drove the 2024 Ford F-150 Raptor priced at $83,665 and loved it. AdvertisementIn a group of similar trucks, the 2024 Ford F-150 Raptor immediately stands out from the crowd. AdvertisementThe 2024 F-150 Raptor starts at $77,980, and the model I tested was listed at $83,665 with its optional upgrades. Interior and aestheticsThe interior of the 2024 Ford F-150 Raptor. The 2024 Ford F-150 Raptor.
Persons: Jules Rogers, , Ford Organizations: Service, Raptors, Ford, Audi, Oregon, Raptor
He sees California Forever. And if he can't undo the damage, there may never be a California Forever. California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. But here's the thing: California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. Places like California Forever aren't being opposed by the people who are desperate for a place to live.
Persons: Jan Sramek's, Goldman Sachs, Sramek, Reid Hoffman, Laurene Powell Jobs, Marc Andreessen —, They've, Christie Hemm, Peter Thiel, Jan Sramek, Jan, Thiel, Goldman, CheatSheet, Sramek's, hadn't, Jonas Rave, who's, , Guy Saidenberg, Evernote, Marc Andreessen, Jane Jacobs, He's, he'd, Robert Moses, growth.y Christie Hemm, Flannery, Bronson Johnson, David George, Andreessen Horowitz, Marilyn Farley, Farley, Solano County's, Kathleen Threlfall, Bill Mortimore, California Forever's, Jessica Christian, he's, Lyle Lanley, Solano, Sam Houston, weren't, Gabriel Metcalf, You've, John Garamendi, Garamendi, isn't, they'll, latte, Christie, Travis, I've, aren't, They're Organizations: Silicon, California, BI Development, University of Cambridge, London School of Economics, Party, Rising Star, Facebook, York, Sramek's, BI Sramek, Google, American, Planners, Sacramento -, Travis Air Force Base, Area, titans, Farmers, councilwoman, California Forever, Sacramento Municipal Utility District, Air Force, Flannery Associates, Disney, San Francisco, Vallejo Naval, Historical Museum, Rep, BI, Solano, Sierra, Goldman Locations: San Francisco, It's, Sramek, California, Rio Vista, Solano County, Napa, Sacramento, Silicon Valley, America, London, Zurich, England, Czech Republic, Dřevohostice, York, British, Eastern Europe, Cambridge, Bay Area, Hayes Valley, America's cutest, Atlanta, Phoenix, Copenhagen, Barcelona, New York, Sacramento - San Joaquin, San Francisco Bay, Lake Tahoe, Toledo , Ohio, Silicon, Google's, Toronto, Big Tech, China, Calif, Springfield, Vallejo, He's, Atherton, Foreverville, Fairfield, Austin, Solano, Valley, Europe
Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. A month earlier, on the opposite coast in downtown Manhattan, FTX's Sam Bankman-Fried received a 25-year prison sentence for his crimes. At the beginning of his trial, SBF sported a fresh haircut and wore suits, but by its end, his curls were wild again. Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. watch nowMoney makes all the differenceUnlike SBF, CZ didn't have his wealth wiped out by bankruptcy of the crypto company he founded.
Persons: Sam Bankman, Zhao Changpeng, Mike Segar, Benjamin Girette, Changpeng Zhao, FTX's Sam Bankman, Fried, Zhao, Binance's Zhao, FTX's, Toyotas, Braden Perry, Perry, Manfred, SBF, Michael Lewis, Lewis, Sam didn't, Amr Alfiky, Sam, Caroline Ellison, , Zhao's, Yi He, Binance, David Ryder, Yang, Rachel Zhao, Yesha Yadav, Yadav, Mark Bini, Lewis Kaplan, Bankman, Kaplan, perjured, Neama Rahmani, Rahmani, Tre Lovell, Zhao hasn't, Lovell, weren't, FTX Organizations: Reuters, Bloomberg, Getty, Department of Justice, CFTC, Stanford University's, Bankman, CZ, Staff, Reuters Prosecutors, Alameda Research, Vanderbilt University, Wall Street, CNBC, FTX, Emergency Economic, Justice Department, DOJ Locations: Seattle, Manhattan, California, Hong Kong, Bahamas, Palo Alto, U.S, New York City, Alameda, Seattle , Washington, Paris, France, Angeles, Binance, Dubai, Delaware
With the Fed, Apple earnings and the jobs report passing with flying colors this week, the runway to more gains looks a lot less cluttered. This past week was chock full of Club earnings: 12 portfolio companies, including Apple , delivered results. Analysts expect Wynn's earnings per share of $1.27 versus 29 cents a year ago when China was not fully back from Covid. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jerome Powell, we're, Jim Cramer, Jim, Apple, Eli Lilly, Estee Lauder, Stanley Black, Decker, Bausch, FactSet, It's, Bob Iger, Iger, Nelson Peltz, We're, Krystal, Berkshire Hathaway, Tyson, Jones Lang, Walt, Ferrari N.V, WK Kellogg, Wynn, Vishay, CRON, MARA, RICK, Ginkgo, Jim Cramer's, David Paul Morris Organizations: Federal Reserve, Apple, GE Healthcare, DuPont, Linde, Bausch Health, Coterra Energy, Club, Disney, Wynn Resorts, CNBC, Revenue, Vegas Sands, Cotai, Boston, Airlines, Krystal Biotech, Alpha Metallurgical Resources, Axsome Therapeutics, Tyson Foods, TSN, Bowlero Corp, CNA Financial Corp, CNA, Jones Lang LaSalle Incorporated, Technologies, Realty Income Corp, Lab, Teradata Corp, Technology, FMC Corporation, FMC, Paymentus Holdings, Shockwave, Vertex Pharmaceuticals, Goodyear Tire & Rubber Company, Simon Property Group, Sterling Construction Company, Apple Hospitality, Boise Cascade Corporation, BellRing Brands, Coty, COTY, Fidelity National Information Services Inc, Vornado Realty, Walt Disney Co, Holdings, Madrigal Pharmaceuticals, Nikola Corporation, BP, Rockwell Automation, MarketAxess Holdings, Jumia Technologies, GEO Group, Builders FirstSource Inc, Duke Energy Corp, WYNN, Rivian Automotive, Arista Networks, Occidental Petroleum Corp, Astera Labs, Bros, Flywire Corporation, B2Gold Corp, Kinross Gold Corp, Virgin Galactic Holdings, iRobot Corp, Electronic Arts Inc, McKesson Corp, ACM Research, Avadel Pharmaceuticals, Toyota Motor Corp, Emerson Electric Co, Perion, Editas, Brink's Company, Sinclair Corporation, New Fortress Energy, Starwood Property Trust, Animal Health, ELAN, Farms, IM Cannabis Corp, Fox Corporation, Formula One, Icahn Enterprises, Teva Pharmaceutical Industries, Arm Holdings plc, ARM, AMC Entertainment Holdings, Trade, AppLovin Corporation, Sciences Corp, SolarEdge Technologies, Roblox Corporation, GigaCloud Technology Inc, Warner Bros ., Properties Trust, Growers, Constellation Energy Group, Cronos, Fiverr, Solar Inc, EPAM Systems, Cedar Fair Entertainment, Digital Holdings, RCI Hospitality Holdings, Akamai Technologies, Semiconductor, Insulet Corp, NuScale Power Corporation, Ginkgo Bioworks Holdings, Bloom Energy Corporation, Construction, AMC Networks, CRH Public Ltd . Company, Jim Cramer's Charitable, Allen, Co . Media, Technology Conference, Bloomberg, Getty Locations: China, Eaton, Amazon, Covid, Macao, Vegas, Sun Valley , Idaho
Job growth in April was concentrated in traditionally low-paying sectors like healthcare and retail. Wage growth, though slower, still outpaces inflation, which is still a boon for workers. That's because the industries that led job growth in April are traditionally low-paying. Indeed, job growth is concentrated in industries that are historically low-paying — and continue to pay less than the average across private industries. As Pollak notes, "wage growth has come down sharply, but it's mostly come down in industries where it was very rapid before."
Persons: , it's, Jobs, that's, Labor Julie Su, Julia Pollak, It's, Kate Bahn, Insider's Aki Ito, Pollak, ALICE, They're, Nick Bunker, Bunker Organizations: Service, Federal Reserve, Labor, Healthcare, Institute for Women's, North, Business Locations: Bahn, North America
The AI engineer bailed on his friends, who had traveled from the East Coast to the Seattle area. watch nowThis is the dark underbelly of the generative AI gold rush. Last year marked the beginning of the generative AI boom, following the debut of OpenAI's ChatGPT near the end of 2022. Justin Sullivan | Getty ImagesAn AI engineer at Microsoft said the company is engaged in an "AI rat race." The Microsoft AI engineer said a lot of tasks are about "trying to create AI hype" with no practical use.
Persons: Sebastien Bozon, Jensen Huang, Tech's, Amy Hood, Mark Zuckerberg, Zuckerberg, Andy Jassy, Jassy, they're, Eric Gu, , Gu, Satya Nadella, Sam Altman, Justin Sullivan, there's, Morry, Kolman, doesn't, Sundar Pichai, Bard, There's, That's, beholden, Ayodele Odubela, ", it’s, Adam Selipsky, Anthropic, Dario Amodei, Noah Berger, Odubela, Gemini Organizations: Google, Apple, Facebook, Microsoft, AFP, Getty, Amazon, CNBC, Big Tech, Nvidia, Google . Engineers, Tech, Vision, Cloud Next, Web, Amazon Web Locations: Mulhouse, France, East Coast, Seattle, ChatGPT, San Francisco, Vegas, Las Vegas, German
Top Gear recently tested the Tesla Cybertruck's camping accessories. There's a software update for sensors that will hopefully prevent smashed fingers, as well as a sleek new cooler. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The frunk's sharp edges have been cause for concern, especially with some viral videos showing that the closing hood was capable of slicing through carrots — and possibly, misplaced fingers. This story is available exclusively to Business Insider subscribers.
Persons: , Jack Rix Organizations: Gear, Service, Business
From the beginning, Mr. Trump’s admirers have compared him to a paradigmatic outlaw hero, Robin Hood. Mr. Trump may not deserve the comparison — critics of his 2017 tax cut called it a reverse Robin Hood — but myth has a way of overstepping mere fact. Did Jesse James really pay off a widow’s mortgage, then rob the greedy banker who took the cash? For that matter, did Robin Hood really rob the rich and give to the poor? Like Joaquín Murrieta, the 19th-century Mexican laborer working in California who, according to legend, responded to injustice by vowing that he “would live henceforth for revenge,” Mr. Trump has promised to avenge the downtrodden.
Persons: Robin Hood, Sebastian Gorka, Trump, Lauren Boebert, Biden, Robin Hood’s, Prince John, Mr, Jesse James, Joaquín Murrieta, ” Mr, , Trump’s, Bandman Kevo, Donald Trump Organizations: , Republican Locations: Colorado, California
This screengrab shows a campus police officer removing a hijab off a protester’s head at Arizona State University, Phoenix, Arizona. Mass Liberation AZVideo taken over the weekend at Arizona State University shows a campus police officer removing a hijab from a protester’s head during her arrest. After being detained and bused to jail, the women were not given their hijabs back, Al-Sayyed said. Around 15 hours later, when he was finally given access to his clients, Al-Sayyed said he was able to bring them new hijabs. In a statement to CNN, the university said, “This matter is under review.” CNN has reached out to the Maricopa County Attorney's Office for comment.
Persons: Zayed Al, Sayyed, “ You’re, , , Al, … who’s, they're, ” Al, Azza Abuseif Organizations: Arizona State University, Mass, Mass Liberation, CNN, ASU Police Department, United, Constitution, Islamic Relations, CAIR, ASU Police, ” CNN, Maricopa County Attorney's Locations: Phoenix , Arizona, Al, Arizona, Maricopa County
Microsoft's OpenAI investment may have been prompted by concerns over Google's AI progress. In a 2019 email, a Microsoft exec said he was "very, very worried" about Google's AI capabilities. AdvertisementIn 2019, Microsoft became "very, very worried" about Google's AI capabilities, newly unearthed emails show, and that may have been what spurred it to invest in OpenAI. In one lengthy email, Microsoft's chief technology officer Kevin Scott told Satya Nadella and Bill Gates that Google's AI-powered "auto-complete in Gmail" was "getting scarily good." Related storiesIn 2019, Microsoft made an initial $1 billion investment into its now multi-billion partnership with OpenAI.
Persons: , Kevin Scott, Satya Nadella, Bill Gates, Nadella, Amy Hood, Bard, Scott, OpenAI, BERT Organizations: Microsoft, Google, Service, Department, Business, OpenAI, Bing Locations: OpenAI
Jeff Zucker’s bid for Tory titan-hood has come to an end. The media executive on Tuesday formally abandoned his attempt to take the reins of London’s Daily Telegraph, bailing out after British political and news leaders balked at Mr. Zucker’s reliance on Emirati financiers to bankroll the effort. Mr. Zucker’s venture company, RedBird IMI, had sought government approval to complete a debt-for-equity deal that would hand it control of The Telegraph and its sister magazine, The Spectator. Because of the withdrawal, other prospective owners may now attempt to purchase the publications. “Our ownership would have seen the strongest editorial protections ever put forward for a U.K. newspaper, along with much-needed investment,” a RedBird IMI spokesperson said in a statement.
Persons: Jeff Zucker’s, , Sheikh Mansour bin Zayed al Nahyan Organizations: London’s Daily Telegraph, Mr, RedBird IMI, The Telegraph, The, IMI, The Spectator, RedBird, Media Investments, United Locations: Abu Dhabi, United Arab Emirates
Sales, earnings, segment profit margin, and organic growth all came in ahead of expectations, despite some minor misses in certain operating segments. In addition to the strong headline results, Electrical Americas, its biggest division, realized another record for sales, segment profit, and segment margins — driven partly by data center demand for AI computing power. Electrical Americas achieved yet another record for sales, segment profit, and segment margins with management noting strength in the data center market. Management expects a segment margin of 22.4% to 22.8%, ahead of the 22.4% midpoint estimate. Electrical Americas achieved yet another record for sales, segment profit, and segment margins with management noting strength in the data center market.
Persons: Eaton, Parker, Craig Arnold, Arnold, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, LSEG, Hannifin, DuPont, Honeywell, Electrical, Management, Aerospace, CNBC, Eaton Corporation, NYSE, NYSE Eaton Locations: North America, Electrical Americas, U.S, Eaton, Americas
Today's big story examines how recruitment for AI talent is ramping up in the tech industry and on Wall Street . AdvertisementEager to understand how to leverage the tech, companies are racing to scoop up AI specialists. But Big Tech companies aren't just competing with each other. With so many venture capitalists eager to fund AI ideas , some AI talent are starting their own companies. Businesses are already fighting the rule, but if it survives the courts it could mean even more movement of AI talent.
Persons: , We've, we've, Justin Sullivan, Chelsea Jia Feng, Eager, Kali Hays, Ellen Thomas, Banks, it's, Getty, Sean Gladwell, Olga Pyrkina, Tyler Le, Amy Hood, Mark Zuckerberg, Zuckerberg, Johannes Eisele, Swan, Mark Spitznagel, Spitznagel, David Einhorn, there's, Dimitrios Kambouris, Leon Neal, Abanti Chowdhury, Bill Gates, Gates, BI Gates, Satya Nadella, Zs, Herman Miller Eames, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Getty Images, Anadolu Agency, Big Tech, Johannes, Getty, Federal Reserve, Reuters, Research, Capital Economics, Greenlight, Staff, Microsoft, BI, Paramount Locations: California, AFP, America, New York, London, Chicago
Business Insider spoke to chefs to identify the best way to use your air fryer and the top tips for getting the perfect dishes from it every time. Here are some things everyone who has (or is planning to get) an air fryer should know. Choose the right fryer for your kitchen and lifestyleDo your research before purchasing an air fryer. Deanna Kang, chef and recipe developer at Asian Test Kitchen, told BI that placing your air fryer beneath your exhaust hood can help keep your kitchen air clear. Skip the microwave — use your air fryer to reheat leftoversTo take full advantage of your air fryer, Kennedy said, use it to breathe new life into leftovers.
Persons: , fryer, fryer Chris Riley, Riley, Fiona Kennedy, Kennedy, Deanna Kang, Kang, arancini Organizations: Service, Business, Shutterstock
Port-au-Prince, Haiti CNN —Vitel’homme Innocent’s picture on the FBI’s “Ten Most Wanted” list of fugitives suggests a crazed man – eyes wide and wild, teeth bared. But the man on the gold sofa preferred to talk about a brighter future – one that he claims Haiti’s gangs are prepared to usher in. Abandoned cars on the road between the US Embassy and the Kraze Baryé stronghold in Port-au-Prince, Haiti, on April 28, 2024. Kraze Baryé employs around 100 men and women, according to Innocent’s lieutenant and cousin, the bleach-blond Dezod Augustin, 34. But Haiti’s gangs maintain they deserve a seat at the negotiating table.
Persons: Haiti CNN —, Innocent, Evelio Contreras, , ” Innocent, de, , Kraze Baryé, , Viv Ansanm, Ariel Henry, Henry, Kraze, “ It’s, ’ Marie, Lucie Bonhomme Opont, Pierre, Louis Opont, territoire perdue, Opont, , Jimmy Chérizier, Robin Hood, Sanjou, Dezod Augustin, Gedeon Jean, Prince, Baryé, Delmas, Antony Blinken, Haiti Dennis Hankins, Rick Barton, Haiti’s, CNN Jean, Henry’s, Jean, CNN’s Rachel Clarke Organizations: Haiti CNN, CNN, Haiti’s, Prince, de Mars, United Nations, Haitian National Police, , Kenya, Haiti’s National Police, CARICOM, US Embassy, Security, , Washington, US, UN, Fund, Federal Bureau of, State Department Locations: Prince, Haiti, Tabarre, Haiti’s, Port, balaclavas, Haitian Creole, Haitian, Nairobi, , Canada, United States, Kraze Baryé, American, France, Kenya, Bahamas, Bangladesh, Barbados, Benin, Chad, Jamaica, it’s, Atlanta
Zendaya, clad in a skintight dress, gyrates on a dance floor in “Challengers,” a $56 million sports drama that arrived in multiplexes on Friday. “Sex is back!” shouted an apparently elated man at the conclusion of a prerelease “Challengers” screening in West Hollywood, Calif., this month. Think about how many times the rom-com has been declared dead — and alive — and dead. (No, wait, alive.) But this much can be said with surety: Hollywood is hornier than it has been in years.
Persons: , , Locations: , West Hollywood, Calif
What is divestment? And does it work?
  + stars: | 2024-04-28 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
From Princeton University in New Jersey to the University of Southern California in Los Angeles, the same chant can be heard: “Disclose! The specifics of student protesters’ divestment demands vary in scope from school to school. Other students, like those at Cornell University and Yale, are asking their schools to stop investing in weapons manufacturers. Other common threads include demanding universities disclose their investments, sever academic ties with Israeli universities and support a ceasefire in Gaza. Proponents for divestment counter that its value lies in raising awareness and stigmatizing partnerships with targeted regimes or industries.
Persons: , ” Israel, Witold Henisz, Henisz, , Nicholas Dirks, ” Dirks, Dirks, “ They’ll, Anna Cooban, Michelle Bowman, Eli Lilly, Estee Lauder, Jerome Powell Organizations: New, New York CNN, Palestinian, Princeton University, University of Southern, Columbia University Apartheid, Columbia, Cornell University and Yale, Research, The Wharton School, University of Pennsylvania, CNN, University of California, Columbia’s Faculty of Arts and Sciences, Federal Reserve, European Central Bank, Dallas Fed, Samsung, AMD, Starbucks, Benz Group, Volkswagen, PayPal, adidas, Diamondback Energy, Restaurant Brands, Pinterest, Caesars Entertainment, PMI, Conference Board, Mastercard, Qualcomm, Pfizer, Marriott, eBay, US Commerce Department, Apple, Novo Nordisk, Shell, ConocoPhillips, Cigna, Universal Music Group, Hershey, US Labor Department Locations: New York, New Jersey, University of Southern California, Los Angeles, Columbia, Palestine, Israel, Gaza, South Africa, Berkeley, United States, Europe, DoorDash
I lived in New York for most of my life and last year I decided to move to South Dakota. This is how I ended up in the flyover Midwest part of the country — South Dakota — and I love it. South Dakota is beautifully different. I miss living near waterFor all the great things South Dakota offers, large bodies of water are not on that list. AdvertisementThere are some hidden gems in South Dakota as well, but they are nothing compared to what you can find in the New York City area.
Persons: Organizations: Service, New Locations: New York, South Dakota, York, Dakota, Missouri, Minnesota, East Coast, New York City, backyards
"These are big checks made out to get Blackwells and H200s from, yes, Nvidia," Jim Cramer said during Friday's Morning Meeting . "There are a lot of people … that think this stock is a dangerous stock," Jim said. The next earnings report to shed light on demand for Nvidia's AI chips is set for Tuesday evening when Club name Amazon releases first-quarter results. While Amazon also has custom AI chips, it's a sizable Nvidia customer and the companies have enjoyed a longtime partnership. Even electric vehicle maker Tesla indicated earlier this week that it plans to buy tens of thousands more Nvidia chips this year to support self-driving car efforts.
Persons: Wall, Jim Cramer, Blackwell, OpenAI, There's, Jim, Wednesday's, – tanked, Alphabet's, FactSet, Ruth Porat, capex, Porat, Amy Hood, Hood, Microsoft's, Tesla, Jim Cramer's, Jensen Huang, Josh Edelson Organizations: Nvidia, Microsoft, Investors, Devices, Meta, Facebook, Bank of America, AMD, Broadcom, Wall, Google, Amazon, CNBC, SAP Center, AFP, Getty Locations: , U.S, San Jose , California
Microsoft plans to boost spending on AI and cloud services as demand rises. Microsoft's spending commitment follows leaked plans to acquire 1.8 million AI chips in 2024. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In its third-quarter earnings call on Thursday, the tech giant said it will continue to invest in AI and cloud services because of growing demand and a rise in average spending on its cloud platform, Azure.
Persons: , Amy Hood Organizations: Service, Microsoft, Business
Learn moreWhen making espresso at home, choosing the best espresso machine can be tricky, and serious espresso drinkers have a reputation for being particular. With its built-in grinder and simplified brewing system, the Café Affetto provides an easy shot of espresso packed with flavor. GE Café Affetto Automatic Espresso Machine This small but all-encompassing automatic espresso machine pumps out brew that's twice the quality of similar machines' while taking up half the counter space. Of course, the quickest and easiest option is a pod machine, like the Nespresso CitiZ Original Espresso Machine. Dylan Ettinger/InsiderThe Café Affetto works as advertised — the built-in grinder and straightforward controls make brewing espresso as easy as pushing a button.
Persons: Affetto, Dylan Ettinger, Read Organizations: Business, GE, Breville, Express, Machine Locations: Jura, Sur
Alphabet shares surged in Friday's premarket after a blowout earnings report for the Google owner. AdvertisementAlphabet stock surged ahead of Friday's opening bell as investors cheered the Google owner's blowout first-quarter earnings. If those gains hold until the opening bell, its valuation will top $2 trillion for the first time. Meanwhile, Microsoft stock made more modest gains after it reported first-quarter earnings on Thursday afternoon. Shares were up almost in pre-market trading, putting its market capitalization on course to jump about $11 billion at the opening bell back above $3 trillion.
Persons: , AJ Bell, Russ Mould, Amy Hood, hadn't, OpenAI, Sophie Lund, Yates, Hargreaves Lansdown Organizations: Google, Microsoft, Nasdaq, Big Tech, Service, Apple Locations: Friday's
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