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On top of that, she added that tech companies will give people in AI-related jobs bonuses for performance and plenty of equity compensation. About half of the people came from Big Tech companies. Gill said the new Kognitos hires who haven't come from Big Tech have jumped ship from other startups. Some AI talent are even striking it out on their own to start their own companies. He left his tech job to form an AI startup after seeing another large fundraise from another new AI company.
Persons: , Sam Altman, Altman, Mark Zuckerberg, Dan Portillo, Goldman Sachs, Jaclyn Rice Nelson, Nelson, that's, Claude chatbot that's, Binny Gill, Kognitos, Gill, he's, haven't, David Steinberg, Steinberg, AI's Nelson, There's, Greg Selker, Stanton Chase, Selker, hemming, hawing Organizations: Service, Business, Meta, Sweat Equity Ventures, OpenAI, Big Tech, Zeta Global Locations: Anthropic, ChatGPT
Lourdes Portillo, an Oscar-nominated Mexican-born documentary filmmaker whose work explored Latin American social issues, died on Saturday at her home in San Francisco. Her death was confirmed by her friend Soco Aguilar. One of Ms. Portillo’s best-known works is her 1994 documentary “The Devil Never Sleeps,” a murder-mystery in which she investigates the strange death of her multimillionaire uncle, whose widow claimed he had died of a self-inflicted gunshot wound. In 2020, the Library of Congress selected the film for the National Film Registry. The documentary had the tenor of a telenovela and presented open questions about Mr. Ruiz Almeida’s mysterious life and death and the people who could have had a motive for the murder.
Persons: Lourdes Portillo, Oscar, Soco Aguilar, Portillo’s, , Oscar Ruiz Almeida, ” Stephen Holden, Ruiz Almeida’s Organizations: of Congress, National Film Registry, Times Locations: Mexican, San Francisco, United States
Wells Fargo raised its price target on Bank of America, now calling for more than 15% upside. Evercore ISI hiked its price target on the consumer products company to $150 per share from $133. Power has a $90 price target on the cloud software stock, implying shares can rally 44.5% in the next year. Forbes' $425 price target implies the stock can climb 43.1% from Wednesday's ending price. Analyst Mike Mayo raised his price target for the bank stock by $4 to $44, implying a 16.4% upside over Wednesday's close.
Persons: Wells Fargo, Clark, Javier Escalante, Escalante, KMB, — Jesse Pound, Jefferies, Portillo's, Andy Barish, Barish, — Brian Evans, Jason Gursky, Wednesday's, shakeup, Gursky, Alex Harring, Baird, William Power, — Alex Harring, Steven Forbes, Forbes, RH, BofA, Cintas, Heather Balsky, Balsky, Robinhood, Alex Markgraff, Markgraff, TD Cowen, John Blackledge, Grindr, Blackledge, It's, it's, Estee Lauder, Bryan Spillane, Spillane, Estee, Tom Ford, Joseph Greff, Greff, FanDuel, Vikram Gandhi, Gandhi, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath Organizations: CNBC, Bank of America, HSBC, Allstate, Kimberly, Staples, ISI, Citi, Boeing, Alaska Airlines, Dow Jones, UC, Guggenheim, RH's, FactSet, Estee Lauder Bank of America, JPMorgan, Allstate Allstate Locations: Portillo's, Five9, Estee, New Jersey, Wednesday's
The chain's sales are "way stronger" in Texas, Arizona and Florida than in midwestern states such as Indiana and Wisconsin, according to Osanloo. For more mature companies such as McDonald's , it means accelerating new restaurant growth in areas where it's now underrepresented. It isn't just restaurants looking to the Sun Belt for sales growth. In addition to well-known chains, Greider has also seen restaurants with chef-driven name recognition traveling south from New York and Chicago. The chain's sales are growing again, according to Brix Holdings CEO Sherif Mityas, making it an opportune time to expand Friendly's footprint.
Persons: Portillo's, Michael Osanloo, you've, Justin Greider, Macy's, Phillips, Manu Steijaert, Greider, they've, that's, Carbone, Friendly's, Sherif Mityas, Mityas, we're, Christine Barone Organizations: Beef, CNBC, Northeast, Sun, Airlines, Dallas, Phillips Edison & Company, JPMorgan, Grill, Major Food Group, Brix Holdings, Brix, Bros Locations: Kissimmee , Florida, Chicago, Texas, Texas , Arizona, Florida, Indiana, Wisconsin, U.S, Midwest, Charlotte, Phoenix, Houston, Dallas, Fort Worth, Atlanta, Florida , Texas , Arizona, Georgia, North Carolina, New York, Miami, Massachusetts, Mississippi, Minneapolis, Southern California, California, Virginia
Cramer's Lightning Round: 'You should own' BlackRock
  + stars: | 2024-03-05 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon VICI Properties' year-to-date stock performance. Stock Chart Icon Stock chart icon Generac's year-to-date stock performance. Stock Chart Icon Stock chart icon Cabaletta Bio's year-to-date stock performance. Stock Chart Icon Stock chart icon Portillo's year-to-date stock performance. Stock Chart Icon Stock chart icon BlackRock's year-to-date stock performance.
Persons: I'm, Cabaletta, It's, I've, Powell Organizations: Regions, Powell Industries, BlackRock
AdvertisementDick Portillo opened his hot-dog cart, The Dog House, just outside of Chicago in 1963Today, his chain lives on as Portillo's, which has 60 locations across the US offering delicious hot dogs and other Midwest favorites. I visited my local branch to order some of the most popular dishes and show everyone what all the hype is about.
Persons: Dick Portillo Locations: Chicago
I'm a former pastry cook, and I think cake mixes are a great low-effort but delicious dessert. But when an occasion necessitates a cake, boxed mixes are a great way to deliver a surefire success with minimal effort. Read on for some of the best hacks I've learned for making boxed cake mixes taste homemade. Adding an extra egg makes a cake super moistYou can also add an extra egg yolk. But I also love using buttermilk for chocolate cake mixes or coconut milk for a tropical spin.
Persons: I'm, , Read, I've, Kristen Griffin, Regis Lagrange Organizations: Service, Mayo Locations: mayo
Cramer's Lightning Round: 'I don't trust' Riot
  + stars: | 2024-01-22 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Stock Chart Icon Stock chart icon Riot's year-to-date stock performance. Stock Chart Icon Stock chart icon Robinhood's year-to-date stock performance. Stock Chart Icon Stock chart icon Portillo's year-to-date stock performance. Portillo's : "Portillo's is just a great quandary." Stock Chart Icon Stock chart icon Soho House's year-to-date stock performance.
Organizations: Soho
Terry Richardson sexually abused a model on two separate occasions in 2004, a new lawsuit alleges. Advertisement"During their meeting, Mr. Richardson wore nothing but a robe. She "attempted to tell an agent at Trump Model Management about the assault," her lawsuit says, but the agency "insisted that she proceed with the appointment." Portillo, Richardson, and other members of the photography crew traveled in a van back to Manhattan from the shoot location. "Ms. Portillo alleges that this was the latter, and Mr. Richardson did not have the rights to distribute the images."
Persons: Terry Richardson, Donald Trump's, Richardson, , Minerva Portillo, Tom Ford, Yves Saint Laurent . Portillo, Portillo, Ms, Donald Trump —, Mr, " Richardson, " Portillo, Richardson didn't, Gabriel Maseda, consensually, Christine Dunn Organizations: Service, Vogue, Trump Model Management, Vogue Spain, Getty, Mr, Portillo Locations: Manhattan, New York, Spain, Vogue Spain
While Mr. Richardson was photographing Ms. Portillo topless, the model contends that the photographer began posing with her, touching her breasts and pressing his exposed penis up against her body; eventually Mr. Richardson “forcibly inserted his penis into her mouth, and ordered her to perform oral sex on him,” while she repeatedly said “no.” According to Ms. Portillo, the alleged assault was photographed by Mr. Richardson’s employees. The experience traumatized her, according to the lawsuit, and Ms. Portillo returned to Spain about a week later. That fall, some of the photographs of Ms. Portillo were included in an exhibition titled “Terry Richardson: Terryworld,” and in 2006 were published in a book, “Kibosh,” despite a 2005 cease-and-desist letter from Ms. Portillo, who claimed she was dropped by a Spanish modeling agency because of the explicit images. Ms. Portillo said she did not consent to the distribution or sale of Mr. Richardson’s photos. She had signed an undated release at his studio after the first photo shoot, but given her state of mind and that English wasn’t her first language, “did not know what she was signing,” according to the lawsuit.
Persons: Richardson, Portillo, Richardson “, , Ms, . Portillo, , “ Terry Richardson, Guentert Organizations: Trump Model Management Locations: Spain, Spanish
Friday's early calls include an upgrade to a restaurant software stock and a big downgrade to a solar name. The bank downgraded Unity stock to neutral from outperform, also slashing its target price to $20 from $55. Analyst Doug Anmuth's updated price target of $510 could mean that there's still 17% room for the stock to go. Analyst Jonathan Block's price target of $70 signifies a 13% upside from the stock's Thursday closing price of $62.16. Koning has a price target of $18 per share, implying upside of nearly 30% over the next 12 months.
Persons: Baird, Tim Nollen, Lisa Kailai Han, Carlo Santarelli, — Lisa Kailai Han, JPMorgan downgrades, Drew Chamberlain, Doug Anmuth's, Anmuth, NFLX, Henry Schein, Jonathan, Freyr, BTIG, Gregory Lewis, FREY, Lewis, Stephens, Joshua Long . Long, Long, Portillo's, Mgmt, Chris Dendrinos, Dendrinos, Baird Baird, David Koning, Koning, — Fred Imbert, Julien Dumoulin, Smith, Fred Imbert Organizations: CNBC, Bank of America, Macquarie, Unity, Wynn Resorts, Deutsche Bank, JPMorgan, JPMorgan downgrades Enviva, Netflix, FR, European Union, RBC Capital, FTC Solar Bank of America, FTC Solar, FTC Locations: Macquarie, Unity, UAE, Boston, Norway, Portillo's, Thursday's
Wolfe reiterates Nvidia as outperform Wolfe said it's getting more bullish on the stock over the next several quarters. Wolfe downgrades Occidental Petroleum to peer perform from outperform Wolfe said shares of the oil company will be range bound. Bank of America downgrades FTC Solar to underperform from buy Bank of America said it was wrong about its prior buy rating on the solar stock. Bank of America downgrades CommScope to neutral from buy Bank of America trends are worsening for the tech company. Bank of America initiates Weatherford as buy Bank of America said in its initiation of the global energy company that it's seen a "remarkable turnaround."
Persons: Stephens, Henry Schein, Stifel, it's bullish, Wolfe, it's, Freyr, BTIG, FREY, William Blair, Wells, Baird, Weatherford, Girish Saligram, Gordon Haskett, Haskett, Morgan Stanley, Jefferies, Vera Organizations: Portillo's Inc, JPMorgan, Netflix, Citi, Body Works Citi, Nvidia, Wolfe Alpha, Occidental Petroleum, Bank of America, FTC, sel, RBC, EV Locations: Illumina, Occidental, Wells Fargo, Hawaii, 3Q23, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPortillo's CEO Michael Osanloo: We expect a sequential margin decline from Q3 to Q4Portillo's CEO Michael Osanloo joins 'The Exchange' to discuss the company's earnings results, fast casual dining trends, and more.
Persons: Michael Osanloo
Cramer's Lightning Round: Energy Transfer is a buy
  + stars: | 2023-10-13 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon Salesforce's year-to-date stock performance. Stock Chart Icon Stock chart icon Portillo's year-to-date stock performance. Stock Chart Icon Stock chart icon Energy Transfer's year-to-date stock performance. Stock Chart Icon Stock chart icon AbbVie's year-to-date stock performance. Stock Chart Icon Stock chart icon Oracle's year-to-date stock performance.
Persons: Salesforce, I'm, it's, you've, Let's Organizations: Communities, Energy, Realty, Realty Trust, Oracle
Brent crude was up $3.24, or 3.8%, to $87.85 a barrel by 11 a.m. ET (1500 GMT), while U.S. West Texas Intermediate crude was at $86.19 a barrel, up $3.40 or about 4.1%. Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. Analysts suggested the implications of the conflict could include a potential slowdown in Iranian exports, which have grown significantly this year, despite U.S. sanctions. Any production and export disruption would exacerbate supply tightness as most analysts expect markets to be in a deficit in the second half of the year.
Persons: recouping, Brent, WTI, Tudor Pickering, Matt Portillo, Agustin Marcarian, Saxo Bank's Ole Hansen, Caroline Bain, Arathy Somasekhar, Natalie Grover, Andrew Hayley, Emily Chow, Kirsten Donovan, Lisa Shumaker Organizations: U.S, West Texas, Reuters Graphics Reuters, Saturday, REUTERS, Israel, White, Capital Economics, Thomson Locations: Saudi, Israel, HOUSTON, Palestinian, Holt, Gaza, Vaca, Patagonian, Neuquen, Argentina, Saudi Arabia, Washington, Riyadh, Moscow, Russia, U.S, Iran, Houston, London, Beijing, Singapore
Meanwhile, two indoor farming companies that attracted strong startup money — New Jersey's AeroFarms and Kentucky's AppHarvest — filed for bankruptcy reorganization. Advocates say growing indoors uses less water and land and allows food to be grown closer to consumers, saving on transport. Tom Kimmerer, a plant physiologist who taught at the University of Kentucky, has tracked indoor farming alongside his research into the growth of plants both outdoors and inside. He said some companies may be struggling to scale up, with problems that come from launching in spaces that aren't necessarily built specifically for indoor farming. Several of the companies say they're on the right track.
Persons: AppHarvest —, Jacob Portillo, Eden Green, that’s, , It's, they’re, Tom Kimmerer, , Kimmerer, Hannah Burrack, you’re, ” Burrack, Evan Lucas, he's, Lucas, Eden, Eddy Badrina, Arama Kukutai, Matt Ryan, Curt Covington, isn't, “ It's, ” Covington, ___ Walling, Joshua A, Bickel, ___, Melina Walling Organizations: Eden Green Technology, Kroger, University of Kentucky, Michigan State University, Northern Michigan University, Eden Green, Walmart, AgAmerica, Associated Press, AP Locations: CLEBURNE, Texas, Dallas, Eden, Cleburne, California, Detroit, Elmwood, Farm, Lexington , Kentucky, Plenty, Chicago, Georgetown , Kentucky, Georgetown, ___
One night in September 2016, two teenage girls were walking down a street in the Long Island hamlet of Brentwood when they were spotted by four members of MS-13, a violent transnational gang with Salvadoran roots. Federal prosecutors said the MS-13 members had set out that evening in a car looking for rival gang members to kill. When they saw Kayla Cuevas, 16, prosecutors added, they recognized her as someone their gang had designated for death after a series of disputes with MS-13 members on social media and at school. They gave the order to kill Kayla and her 15-year-old friend, Nisa Mickens, prosecutors said. One of the gang members in the car, Enrique Portillo, 19, and two younger members then attacked and killed the girls with baseball bats and a machete, prosecutors said.
Persons: Kayla Cuevas, Alexi Saenz, Kayla, Nisa Mickens, Enrique Portillo, Timothy Sini, Portillo Organizations: Suffolk County Police Locations: Long, Brentwood, Suffolk
Portillo's CEO Michael Osanloo: We want to be a national brand
  + stars: | 2023-08-03 | 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 EmailPortillo's CEO Michael Osanloo: We want to be a national brandPortillo's CEO Michael Osanloo joins 'The Exchange' to discuss their latest earnings, the state of the consumer, and more.
Persons: Michael Osanloo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPortillo's CEO Michael Osanloo on plans to expand with nine new store openings in 2023Portillo's CEO Michael Osanloo joins 'The Exchange' to discuss Guggenheim upgrading Portillo's to a buy rating, expanding the Portillo's sandwich locations across the U.S., and protecting the consumer value proposition.
Morgan Stanley reiterates Apple as overweight Morgan Stanley said Apple is "delivering under pressure" after its earnings report on Thursday. Guggenheim upgrades Portillo's to buy from neutral Guggenheim said it sees multiple expansion for the restaurant chain. Goldman Sachs downgrades Atlassian to neutral from buy Goldman said the company's "cloud transition [is] likely taking longer than expected." UBS upgrades Shopify to neutral from sell UBS said in its upgrade of Shopify that it sees revenue upside. Jefferies initiates Playboy Group as buy Jefferies said it sees "significant upside" for the adult themed global media and lifestyle company.
BBC engulfed in an impartiality storm of its own making
  + stars: | 2023-03-13 | by ( Rob Picheta | ) edition.cnn.com   time to read: +12 min
“There is a long-established precedent in the BBC that if you’re an entertainment presenter or you’re a football presenter, then you are not bound by those same rules” on impartiality, former director-general Greg Dyke told BBC Radio 4 over the weekend. BBC Director General Tim Davie has made protecting impartiality one of his major priorities. Oli Scarff/AFP/Getty ImagesMore problematic still is that the same thorny questions about impartiality extend to the BBC’s leadership. “It’s a mess, isn’t it?” former BBC executive Peter Salmon told the cooperation’s flagship political presenter Laura Kuenssberg on Sunday. “He’s got views, he’s got passions … it may be that Gary has outgrown the job, and his role in the BBC.”
Bank of America has announced a new class of 360 managing directors. Insider has the list of the 87 new MDs for the firm's Global Corporate and Investment Bank. It's managing director promotion day at Bank of America. On Thursday, the class of 360 managing directors across the firm were announced internally, up 15% from the 314 promoted in 2022.Insider has the list of the 87 employees who were promoted in the firm's Global Corporate and Investment Bank — the division responsible for dealmaking. That's down 17% from 105 new MDs last year in the division, likely a reflection of a difficult year in investment banking across Wall Street that saw revenues drop in excess of 50%.
A California interior designer was convicted of first-degree murder Wednesday after prosecutors said she killed her butterfly conservationist stepfather when she found nude photos of herself on his computer. Merriman was killed on Dec. 31, 2020, not long after Janks found the compromising photos on Merriman's computer. Janks drugged Merriman and then suffocated him with a plastic bag and choked him to death, prosecutors said. A text message Janks sent to an acquaintance the day of Merriman's death, and shown to jurors, read: "I just dosed the hell out of him." Janks' defense insisted Merriman died from poor health and his own chronic drug abuse.
In response to that drop-off, both chains and independents are working to address the cost factor without alienating diners. Aaron Allen, founder and CEO of restaurant consultancy Aaron Allen & Associates, compared restaurant chains to oil tankers and independents to speedboats. Kate Bruce, owner of The Buttery Bar in Brooklyn, said she's been facing higher costs for everything from labor to cooking oil to energy. Portillo's restaurant chain CEO Michael Osanloo said independents do have greater flexibility when it comes to changing prices. Consumers care more about prices when they're visiting a chain restaurant, according to findings from a survey of roughly 2,400 U.S. consumers conducted by PYMNTS.
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