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☆ Republicans are divided on whether Kari Lake's Arizona Senate candidacy should be a top investment for the GOP
▼ + stars: | 2024-05-12 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen Kari Lake jumped into the Arizona GOP Senate primary last October, many conservatives were thrilled with the decision, confident she'd energize base voters in the general election. It's still early in the campaign, but the numbers are a sign that she has so far not consolidated GOP support around her candidacy. "Ultimately, the Republican Senate committee is probably going to realize before too long that there's far better opportunities for victories in other parts of the country," he added. But in addition to Arizona, they're angling to flip seats in Montana, Ohio, Maryland, Michigan, Nevada, Pennsylvania, and Wisconsin.

Persons: —, Kari Lake, Katie Hobbs, Donald Trump's, Lake, Ruben Gallego, It's, Sen, John Barrasso of, Matt Salmon, Todd Young, Democratic Sen, Joe Manchin, Young, he'd Organizations: Service, Arizona GOP, Republicans, Business, Emerson College Polling, Democratic, GOP, Senate Republican Conference, Politico, Washington Republicans, National Republican Senatorial, Arizona Rep, Lake, Republican, Todd Young of Locations: Arizona, John Barrasso of Wyoming, Todd Young of Indiana, West Virginia, Montana , Ohio, Maryland , Michigan, Nevada , Pennsylvania, Wisconsin

☆ Republicans could cost Kari Lake the Arizona Senate race as a new poll shows 15% of GOP voters backing her likely Democratic opponent
▼ + stars: | 2024-04-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Kari Lake is hoping to flip the Arizona US Senate seat being vacated by Kyrsten Sinema. But a new Emerson College Polling/The Hill survey shows that she's not consolidating the GOP base. The poll shows her likely Democratic opponent, Ruben Gallego, winning 15% of GOP voters. AdvertisementIn the fight to win Arizona's Senate seat this fall, Democratic Rep. Ruben Gallego and GOP candidate Kari Lake are locked in a close race in what has become one of the nation's premier swing states. AdvertisementBut the latest survey showed the challenges that she still faces as she works to flip the key Senate seat for the GOP.

Persons: Kari Lake, Kyrsten Sinema, Ruben Gallego, —, Gallego, Sen, Kyrsten, she's, Sinema —, Democrat —, Martha McSally, Trump's Organizations: Arizona, Emerson College Polling, GOP, Democratic, Service, Senate, Democratic Rep, Trump, Democrat, Republican Locations: Phoenix, Lake, Arizona, Gallego, Arizona's

☆ Trump is reportedly annoyed by Kari Lake's frequent Mar-a-Lago jaunts
▼ + stars: | 2024-04-29 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Kari Lake is the all-but-certain GOP nominee in Arizona, a key battleground state this cycle. AdvertisementDemocrats have long pointed out Arizona GOP Senate candidate Kari Lake's frequent out-of-state travel. According to the Washington Post, the former president is annoyed by Lake's frequent jaunts to Mar-a-Lago, Trump's resort and political home base in Palm Beach, Florida. While not the most important Senate race this cycle — Republicans have generally focused more on unseating incumbent Democratic senators in Ohio and Montana — Lake's race still matters. On a semi-regular basis, the Arizona Democratic Party has sent out newsletters entitled "Where In The World Is Kari Lake?"

Persons: Kari Lake, she's, Trump, —, Kari Lake's, Donald Trump, Lake's, Ruben Gallego, Lake, backtrack Organizations: GOP, Service, Arizona GOP, Washington Post, Democratic, Republicans, Trump, Lake, Fearless, WIN, Post, Senate, Arizona Democratic Party, Republican Locations: Arizona, Mar, Palm Beach , Florida, Ohio, Montana, Idaho, Lake

☆ GOP Senate candidate Kari Lake bashes Arizona's new abortion ban. She praised it less than 2 years ago.
▼ + stars: | 2024-04-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

A near-total abortion ban from 1864 will soon take effect in Arizona. GOP Senate candidate Kari Lake bashed the law as "out of step with Arizonans." AdvertisementKari Lake, the Trump acolyte and Arizona GOP Senate candidate, says she does not support a near-total ban on abortion that's set to take effect soon in the crucial battleground state. Related storiesIn June of that year, Lake said in a local radio interview that she supported the 1864 law, according to Politifact. In a statement, Gallego also bashed the court's ruling while tying it to "extremist politicians like Kari Lake."

Persons: Kari Lake, —, Lake, Kris Mayes, Katie Hobbs, Lake's, that's, Roe, Wade, she's, Donald Trump, Ruben Gallego, Gallego, Republican who's, Juan Ciscomani, Dave Schweikert, Hobbs Organizations: GOP, Service, Trump, Arizona GOP Senate, Arizona Supreme, Democratic, Democratic Rep, Republican, Reps, Arizona Republicans Locations: Arizona

☆ Private equity firm Silver Lake to take entertainment company Endeavor private at $27.50 a share
▼ + stars: | 2024-04-02 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

Private equity firm Silver Lake announced Tuesday that it's acquiring entertainment company Endeavor Group Holdings for $27.50 a share. Endeavor is being acquired at an equity value of $13 billion, according to a release from the entertainment company. Endeavor is also the majority owner of TKO Group Holdings , which owns the UFC and WWE. Silver Lake initially invested in Endeavor in 2012 and supported the company's acquisition of UFC in 2016. Silverlake's co-CEO Egon Durban and managing director Stephen Evans were members of Endeavor's board ahead of the acquisition.

Persons: Silver Lake, Egon Durban, Ariel Emanuel, Silver, Silverlake's, Stephen Evans Organizations: Silver Lake, Endeavor Group Holdings, Endeavor, Silver, WME, IMG Academy, Holdings, UFC, WWE

☆ Trump complains in latest hush-money delay bid that Manhattan already thinks he's guilty, and Michael Cohen keeps saying 'Donald von Shitsinpants'
▼ + stars: | 2024-03-30 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

This eleventh-hour effort to push back Trump's April 15 trial date is the latest of a half-dozen such requests since August. Bad polls, bad pressManhattan is not Trump country, the defense delay motion notes. AdvertisementPollsters surveyed a sample of 400 Manhattan residents, the delay motion says. Trump's motion implies that those sources were, or involved, Bragg, ignoring that the stories could have been sourced through multiple other individuals, including court staff, witnesses, and attorneys for witnesses. Advertisement"President Trump cannot get a fair trial in Manhattan County right now," the delay motion concludes, asking for unspecified adjournment "until prejudicial press coverage abates."

Persons: —, Donald, Trump's, Juan Merchan, It's, Trump, They've, pollsters, Michael Cohen, Cohen, Donald von shitsinpants, Donald Van, Donald Trump's, Says, Donald Trump, Eduardo Munoz, Stormy Daniels, Daniels, Stephanie Clifford, She's, Peacock, Norm, DONALD J, Matthew Colangelo, Colangelo, Juan Merchan AP, Seth Wenig, Merchan, Bob Moore, Jeb Bush's, Alvin Bragg Craig Ruttle, Attorney Alvin Bragg, Allen Weisselberg, Bragg Organizations: Service, New, Business, GOP, Defense, Moore Information Group, York County Clerk's, Trump fixer, Twitter, New York County Clerk's, FBI, REUTERS, Trump, Prosecutors, Moore, National Republican Senatorial Committee, Manhattan, Attorney, Trump Organization Locations: Manhattan, York County, New York County, New York City, U.S, Trump, Manhattan County

☆ Snowflake is doubling down on data clean room tech as it forges deeper ties with the ad industry
▼ + stars: | 2024-03-28 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

"Our expectation in the next year is that people will be talking less about the tech and actually understand the value," of Snowflake's data clean room, Stratton said. The clean room space is competitive and marketers intend to spend more on the techUltimately a data clean room is only as valuable as the customers who share data within it — even when it's being offered for free. "Clean rooms are no longer competing against other clean rooms only," said Wayne Blodwell, the CEO of the programmatic advertising company Impact Media. AdvertisementThe global data clean room market has accelerated in the last two years. The report found that these companies, on average, spent $879,000 on data clean room tech in 2022.

Persons: —, influencers, Kamakshi Sivaramakrishnan, Samooha, AdExchanger, Sivaramakrishnan, Snowflake, Bill Stratton, Snowflake's, Time Warner, Stratton, it's, Wayne Blodwell, Sridhar Ramaswamy Organizations: Service, Business, Amazon Web Services, Microsoft, Snowflake Ventures, LinkedIn, Google, Time, Impact Media, Deloitte Digital Locations: Snowflake, Samooha

PHOENIX (AP) — Kari Lake, a Republican Senate candidate in Arizona who says she lost a 2022 race for governor because of fraud, is declining to defend against a defamation lawsuit filed by a top election official. The court had already rejected her motion to dismiss the case, and the Arizona Supreme Court declined to take her appeal. While declining to defend her statements in court, Lake maintains she was truthful and says she wants to avoid spending time and money on a protracted legal process. Richer's lawsuit, filed in Maricopa County Superior Court, names Lake, her husband, her campaign and her political fundraising group as defendants. It details nearly three dozen times she made the claims publicly on social media or at rallies and news conferences.

Persons: — Kari Lake, Stephen Richer, Richer, ” Richer, ” Lake, she'd, Donald Trump, Rudy Giuliani, Giuliani Organizations: PHOENIX, Republican, Republican Maricopa, Arizona Supreme, GOP, Associated Press, Phoenix, Arizona, Trump, Court, Justice Department Locations: Arizona, Republican Maricopa County, Washington, Georgia, Maricopa County, Lake

☆ Cloud software buyers are getting frugal, leading to slower growth at former highfliers
▼ + stars: | 2024-03-19 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

In 2020, as data analytics software vendor Snowflake was hitting the public market, one of the key stats it was touting to investors was net revenue retention. Snowflake's NRR at the time was 158%, meaning its existing customer base from a year earlier had increased its total spend by 58%. "More pressure on churn (as companies look to reduce point solutions in favor of platforms) and more difficult upsells have pushed net retention down," Ball added. Twilio , which sells cloud-based communications software, reported NRR of 102% in February, with just 5% year-over-year revenue growth. Almost all of Twilio's revenue comes from its division that contains technology for sending text messages and emails.

Persons: Snowflake, Chris Taylor, NRR, Wall, Snowflake's NRR, Aidan Viggiano, Mike Scarpelli, Sridhar Ramaswamy, Frank Slootman Organizations: New York Stock Exchange, NYSE, Nasdaq, Representatives Locations: Snowflake, U.S, Twilio

☆ Justin Timberlake's new album isn't too bad, but it starts with one of the worst songs I've ever heard
▼ + stars: | 2024-03-15 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +4 min

Justin Timberlake released his new album "Everything I Thought It Was" on Friday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJustin Timberlake's latest effort, "Everything I Thought It Was," isn't as bad as you might expect — but that's only assuming you make it through the first song. Related storiesTo put it more honestly, "Memphis" tempted me to turn off the album within its first few minutes. AdvertisementBut the song's worst offense is the outro, which Timberlake raps with all the charisma of a G-Eazy impersonator.

Persons: Justin Timberlake, —, Justin Timberlake's, underwhelming, Janet Jackson's, Britney Spears, Timberlake, Coco Jones, he's, Nobody, Jessica Biel, Silas, Phineas, I'm Organizations: Service Locations: Memphis, Hollywood

☆ Fans want an NSYNC reunion tour — but they'll have to settle for the band's first live performance since 2013 for now
▼ + stars: | 2024-03-14 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

NSYNC fans are amped for a reunion tour after the band's recent appearances. AdvertisementNSYNC performed live for the first time in over a decade, raising questions about whether the band will return for a reunion tour. While many NSYNC fans might see this as a sign of the band's intention to reunite, it may not be that simple. The last time the complete NSYNC band performed together was during Timberlake's 12-song medley at the 2013 VMAs after he received the Video Vanguard Award. AdvertisementAs of yet, there has been no announcement about a reunion tour, but at least NSYNC fans will now have two new songs.

Persons: Justin Timberlake, —, NSYNC, JC Chasez, Lance Bass, Joey Fatone, Chris Kirkpatrick, Justin Timberlake's, Taylor Swift, Swift, Timberlake, Ariana Grande Organizations: MTV, Los, Service, YouTube, Business Locations: Los Angeles

☆ Kari Lake woos D.C. lobbyists at fundraiser, private meetings as Arizona Senate race heats up
▼ + stars: | 2024-03-07 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Arizona Republican Senate Candidate Kari Lake speaks with reporters after leaving the office of Senate Minority Leader Mitch McConnell (R-KY) on Capitol Hill on March, 6 2024 in Washington, DC. Arizona Republican Senate candidate Kari Lake has been quietly meeting with lobbyists and raising money in Washington in recent weeks, according to people familiar with the matter. Lake has built her political brand around her willingness to buck the D.C. establishment wing of the GOP. On Tuesday, Lake met with about a dozen lobbyists in the nation's capital, and the following day she attended a campaign fundraiser that was heavy with D.C. hired guns. "I don't give a damn what the lobbyists think," Lake wrote in a tweet on X.

Persons: Kari Lake, Mitch McConnell, Lake, Joe Biden, McConnell, Kari, KARI Organizations: Capitol, Arizona Republican, GOP, D.C, The Arizona Senate, Republican, Microsoft, American Bankers Association, CNBC, Victory Fund, National Republican Senatorial Committee, PAC Locations: Arizona, Washington , DC, Washington, Ky

☆ Arizona's Senate race just got a whole lot less interesting following Kyrsten Sinema's decision to retire
▼ + stars: | 2024-03-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Sen. Kyrsten Sinema announced on Tuesday that she won't seek reelection. Arizona won't be the site of an epic three-way Senate race as many had once predicted. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSen. Kyrsten Sinema is not running for reelection — denying the political world the opportunity to see what would've been one of the most fascinating Senate races in recent memory. AdvertisementYet Lake couldn't pull it off in 2022, despite widespread perceptions that she was favored in that year's governor's race.

Persons: Sen, Kyrsten Sinema, Ruben Gallego, Kari Lake, —, Kyrsten, would've, Joe Biden's, Sinema, Gallego, Donald Trump, MAGA, Steve Daines, Kari Lake's, That's, who've, Mitt Romney Organizations: Arizona, Service, Democratic Party, Democratic, Senate, Arizona Senate, Republican, Republicans, GOP, NBC, Utah Republican, Sinema Locations: Ruben Gallego of Arizona, Montana, Lake, Arizona

☆ The tech CEO who quietly built a bigger fortune than Tim Cook
▼ + stars: | 2024-03-04 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Former Snowflake CEO Frank Slootman has achieved vast wealth as a non-founding tech exec. Bloomberg pegs his net worth at $3.7 billion — higher than both Tim Cook and Satya Nadella. 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 . AdvertisementThe wildly successful and outspoken tech executive who just stepped down as CEO of Snowflake may not be as well-known as Apple's Tim Cook or Microsoft's Satya Nadella — but he's wealthier than both.

Persons: Frank Slootman, Tim Cook, Satya Nadella, He's, —, Nadella, Cook, Slootman, Snowflake, Peter Thiel, Elon Musk, Palmer, Katie Warren, Sridhar Ramaswamy Organizations: Snowflake, Bloomberg, Service, ServiceNow Inc, Data, Google Locations: Netherlands

☆ Snowflake shares drop 20% on CEO's retirement, weak guidance
▼ + stars: | 2024-02-29 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Snowflake said its first-quarter product revenue will total between $745 million and $750 million, compared to analysts' estimates of $759 million, per StreetAccount. The company said adjusted operation margin in the first quarter will be 3%, below the 7.2% analysts expected. mitigate C-suite uncertainty," the analysts wrote to investors in a Thursday memo. The company shut down its product and was acquired by Snowflake for $185 million last year. Before Slootman's tenure, Snowflake was helmed by former Microsoft executive Bob Muglia until his sudden ousting in April 2019.

Persons: Snowflake, Frank Slootman, Sridhar Ramaswamy, Slootman, Morgan Stanley, Ramaswamy, Bob Muglia, — CNBC's Michael Bloom, Jonathan Vanian Organizations: Google, Macquarie Equity Research, Microsoft, CNBC PRO Locations: Snowflake

☆ Snowflake's Slootman says he's not worried about employee exodus: 'This is not a personal cult'
▼ + stars: | 2024-02-29 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

While the announcement caused consternation on Wall Street, Slootman told CNBC that he's not worried about a wave of Snowflake employees following him out the door. Slootman, 65, is being succeeded by former Google ad chief Sridhar Ramaswamy, who joined Snowflake in June via the company's $185 million purchase of Neeva, a startup Ramaswamy co-founded in 2019. Snowflake was the third enterprise technology company that Slootman shepherded through the IPO process, following Data Domain in 2007 and ServiceNow in 2012. Before joining Snowflake, Slootman spent about six years as CEO of ServiceNow . ServiceNow's workforce stood at 23,668 by the end of 2023, compared with 603 in December 2011, months after Slootman had joined, according to regulatory filings.

Persons: Frank Slootman's, Slootman's, Slootman, he's, Sridhar Ramaswamy, Snowflake, ServiceNow, —, There's, George Floyd, Steve Jobs Organizations: Snowflake, New York Stock Exchange, Mizuho Securities, CNBC, Google Locations: ServiceNow, Snowflake, America

☆ Google is starting to feel like any other business, and staging a comeback won't be easy
▼ + stars: | 2024-02-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how Google has gone from the tech industry's vanguard of cool to just another boring company . AdvertisementGoogle has long stayed atop Silicon Valley's volatile popularity contest — but the best place to work in tech is starting to feel like any other business , Business Insider's Hugh Langley and Lara O'Reilly write. Bureaucracy, an aversion to risk, and deference to Wall Street over employees — things Google long eschewed — have become the norm. The latest example is the debacle surrounding Gemini — its flashy new AI model that faced backlash for being too "woke."

Persons: —, Rebecca Zisser, Hugh Langley, Lara O'Reilly, Alistair Barr, Sundar Pichai, Hugh, Lara, Mateusz Wlodarczyk, BI's Peter Kafka, it's, David Rosenberg, Gary Shilling, Snowflake's Frank Slootman, Ozgur Hakan Aslan Toyota, Boxabl, Elon Musk, Tesla, Hewlett Packard, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Google, Business, Gemini, Meta, Big Tech, OpenAI, Corporations, Nvidia, SEC, Universal Music Group, Universal, BI Locations: —, New York, London

☆ Part of Snowflake's downfall is related to CEO Frank Slootman's retirement: Jefferies' Brent Thill
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPart of Snowflake's downfall is related to CEO Frank Slootman's retirement: Jefferies' Brent ThillBrent Thill, Jefferies tech analyst, joins 'Squawk on the Street' to discuss Snowflake's quarterly earnings results, what to make of the company's weak forecast and CEO change, Salesforce's earnings results, impact of AI, and more.

Persons: Frank Slootman's, Jefferies, Brent Thill Brent Thill Organizations: Jefferies

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Microsoft, Delta, Disney, Snowflake, Okta, Salesforce & more
▼ + stars: | 2024-02-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Goldman Sachs reiterates Salesforce as buy Goldman said it's standing by its buy rating following the company's robust earnings report on Wednesday. "Multiple high-profile catalysts should double revs by FY28 & support an Outperform rating with a $54 PT." "We initiate coverage of Gates Industrial (GTES) with a Buy rating and $21 price target. The more aggressive stance follows a near week long sell-off in COLD shares following 4Q results and initial 2024 guidance." Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by its buy rating after a meeting with Microsoft investor relations.

Persons: Jefferies, Roth, Roth MKM, Morgan Stanley downgrades Snowflake, Morgan Stanley, Goldman Sachs, Salesforce, Goldman, it's, TD Cowen downgrades Macy's, Telsey, TD Cowen, Wells, Needham, " Jefferies, Tesla, Coupang, Baird, Cantor Fitzgerald, Cantor, Gates, Piper Sandler, Piper, Raymond James, William Blair, Gordon Haskett downgrades, Haskett, Frank Slootman's Organizations: Jefferies, Barrick Gold, NEM, UBS, Apple, Mar, Bitdeer Technologies, BTC, Citi, United Airlines, Delta, Delta Air Lines Inc, DAL, Deere & Company, American Airlines Citi, Catalyst Watch, Reliance, Star India, JV, UBS downgrades Republic Services, Downside, RBC, Xenia Hotels, Resorts, Deutsche Bank, Deutsche, Products, Gates, NTR, LXU, UW, Bank of America, underperform Bank of America, Realty Trust, Fidelity, Korn, Microsoft, Macquarie Locations: U.S, China, American's, DIS's, Xenia, Federal, Korea

However, the company also said it sees single-digit revenue growth for fiscal 2025. UBS reiterated a neutral rating alongside its $310 per share price target on Salesforce, or more than 3% upside ahead. Product revenue growth of 33% year over year in the fourth-quarter was also below Wall Street estimates. Murphy noted there's a disconnect between what Barrick has accomplished in the past five years and its stock price. "We see asset disposals and cost improvements as likely to reverse share price weakness as the market recognizes the strength of the asset portfolio."

Persons: Morgan Stanley, Snowflake, Jefferies, TD Cowen downgrades Macy's TD Cowen, Oliver Chen, Macy's, — Brian Evans, Brad Sills, Brian Evans, AutoNation Morgan Stanley, AutoNation, Morgan Stanley's, Mike Manley, Adam Jonas, Salesforce, Amy Weaver, Goldman Sachs, Kash Rangan, Bank of America's Brad Sills, Morgan Stanley downgrades Snowflake, Snowflake's, Frank Slootman, Keith Weiss, Matthew Murphy, Murphy, Fred Imbert Organizations: CNBC, Barrick, Mining, Bank of America, of America, TAM, Bank of America's, UBS, StreetAccount, Jefferies, Barrick Gold, Newmont, Newcrest Locations: Africa, East

☆ Snowflake's Frank Slootman vehemently denied a BI report in June that he may be leaving. Now he's gone and the stock is down 20%.
▼ + stars: | 2024-02-28 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +1 min

Snowflake's Frank Slootman just announced his retirement. BI reported last year on rumors of Slootman's impending departure. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen Business Insider approached Snowflake CEO Frank Slootman in June to ask him if internal chatter about his impending retirement was right, Slootman said it was "completely untrue." You are regurgitating competitive FUD," Slootman wrote in an email to BI in June in his famously direct, no-nonsense style.

Persons: Snowflake's Frank Slootman, —, Snowflake, Frank Slootman, Slootman, Sridhar Ramaswamy, Ellen Thomas Organizations: Service Locations: Snowflake

☆ Snowflake's outgoing and incoming CEOs talk earnings with Jim Cramer
▼ + stars: | 2024-02-28 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSnowflake's outgoing and incoming CEOs talk earnings with Jim CramerSridhar Ramaswamy, incoming Snowflake CEO, and Frank Slootman, outgoing Snowflake CEO, joins 'Mad Money' host Jim Cramer to talk earnings, guidance and more.

Persons: Jim Cramer Sridhar Ramaswamy, Frank Slootman, Jim Cramer Organizations: Snowflake

☆ Tourists are paddle boarding and frolicking in one of Earth's driest locations after record rains
▼ + stars: | 2024-02-25 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewHeavy rainfall created a temporary lake in Death Valley National Park, one of Earth's driest locations, prompting travelers to take a potentially once-in-a-lifetime swim. The unexpected phenomenon began earlier this week at Death Valley's Badwater Basin after recent rainstorms battered California. Tourists wading through Death Valley's temporary lake. Tourists paddle boarding and wading in Death Valley's temporary lake. Two tourists sit beside Death Valley's temporary lake.

Persons: —, Ty ONeil, Andler, DAVID SWANSON, Heather, Bob Gang, Heather Gang, Guo Yu, hydrometeorology, Tiffany Pereira Organizations: Service, Lake Manly, National Park Services, Business, Associated Press, AP, Tourists, Research, Getty Locations: Death, California, Badwater, Lake, Lake Manley, Southern California

— Alex Harring 6:46 a.m.: HSBC sees Snowflake pulling back after rally Snowflake's good news has already been priced in with a recent rally, according to HSBC. Analyst Sara Russo upped her price target by $26 to $72, now implying a smaller downside of 43%. — Alex Harring 6:05 a.m.: Macquarie moves to sidelines on Sony There's reasons for pause on Sony , Macquarie warned. Still, the analyst noted the "many" risks to the stock price, including valuation and if the ETFs become a competitor to Coinbase itself. The bank initiated coverage of the medical technology stock with a buy rating and a price target of $100 per share.

Persons: Ulta, Oppenheimer, Rupesh, Parikh, Alex Harring, Snowflake, Stephen Bersey, Bersey, Bernstein, Sara Russo, Russo, — Alex Harring, Skechers, Jesalyn Wong, Wong, Macquarie, Damian Thong, Thong, deconsolidation, Colin Isaac, Eastman, Isaac, EBITDA, Piper Sandler, Harsh Kumar, Kumar, Kenneth Worthington, Worthington, Sezgi Oezener, Taha Kass, Oezener, Fred Imbert Organizations: CNBC, JPMorgan, HSBC, GE Healthcare, ISI, Distributors, Sony, Macquarie, U.S, Eastman, Eastman Chemical, Nvidia, GE Healthcare HSBC, General Electric, Learning, Amazon, Science & Technology Locations: Wednesday's, Sony's U.S, premarket, Coinbase

☆ It pays to be MAGA: Kari Lake raked in $175,000 from speeches and book royalties in the year since losing the Arizona governor's race
▼ + stars: | 2024-01-31 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

According to financial disclosure documents that Lake filed as part of her US Senate bid on Tuesday, the former TV anchor made at least $175,000 from paid speeches and book royalties. The other $75,000 came from speeches Lake gave to conservative groups in Texas, California, New York, and Idaho, sometimes netting $15,000 for one appearance. In a statement, a Lake spokesperson accused the media of having "Kari Lake derangement syndrome." Advertisement Lake did file a financial disclosure when she ran for governor, disclosing her position as a communications advisor for DeWit's firm. Lawmakers on both the left and the right have, in some cases, managed to make more than their salaries via book sales.

Persons: Kari Lake, Donald Trump, hasn't, Lake, Ruben Gallego, Sen, Kyrsten Sinema, Kari Lake derangement, Jeff DeWit, DeWit, Kari, Democratic Sens, Raphael Warnock, Elizabeth Warren, Ted Cruz, Tom Cotton Organizations: Business, Winning Team Publishing, Trump, Democratic, Superfeed Technologies, Arizona GOP, Lake, Governor Locations: Arizona, Texas , California , New York, Idaho, Sens

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