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Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Broadcom : Broadcom's AI business, which includes co-designing custom chips for tech giants such as Club holding Alphabet, is booming. The newspaper reported April 12 that Salesforce was in talks to buy Informatica, which sent the Club holding's shares plunging. Wells Fargo : Another trim is due for our Wells Fargo position after a great run for the bank stock, Jim argued. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jim, Johnson, Abbott, Andy Jassy, Bausch, Salesforce, Salesforce didn't, Tom Jorden, We've, It's, Walt Disney, Nelson Peltz's, Bob Iger's, Estee Lauder, there's, Eaton, We're, he's, Locker, he'd, Vimal Kapur, Linde, Eli Lilly, Eli Lilly's, TikTok, Joe Biden, Morgan Stanley, Morgan Stanley's, Ted Pick, Jensen Huang, Nikesh Arora, haven't, Laxman Narasimhan, Sands, Stanley Black, Decker, TJ Maxx, TJX, Wells, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Abbott Laboratories, Johnson, Web Services, Broadcom, VMWare, GE Healthcare, GE, Bausch Health, Costco Wholesale, Costco, Street, Informatica, Coterra, DuPont De Nemours, DuPont, Walt, Disney, Ford, GM, Philips, Siemens, Google, Honeywell, Linde, Facebook, Meta, Microsoft, Nvidia, Investors, AMD, Oregon State University, Palo Alto Networks, UnitedHealth, Procter & Gamble, Constellation Brands, Constellation, Modelo, TJX, Marshalls, Home Goods, Wynn Resorts, Jim Cramer's Charitable, New York Stock Exchange, Afp, Getty Locations: China, Informatica, Ford, Estee, U.S, mater, Palo, Corona, Wells Fargo, Wells, Macao, New York City

Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Amazon's recent AI moves have been impressive, specifically its close relationship with fellow Club holding Nvidia and, most recently, its multibillion-dollar venture investment in startup Anthropic. Best Buy : We added the electronics and appliance retailer to the portfolio shortly after the Monthly Meeting concluded. 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: Jim Cramer's, Jim, Jim Cramer, Reckitt Benckiser, Abbott, We've, Here's, Salesforce, that's, Walt Disney, Nelson Peltz, Estee Lauder, he'd, Ford, We're, we'll, Vimal Kapur, Kapur, Linde, Eli Lilly, TikTok, Meta's Ray, Morgan Stanley, Reddit, Morgan, Ted Pick, he's, it's, Stanley Black, Decker, TJ Maxx, Wells, Wynn, Spencer Platt Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Department of Justice, Abbott Laboratories, Nvidia, Broadcom, Investors, Bausch Health, Pharmaceuticals, Costco Wholesale, Costco, GTC, Coterra, DuPont De Nemours, DuPont, stoke, Peltz, Disney, Eaton Corporation, Ford, General Motors, Wall, GE Healthcare Technologies, General Electric, Apple, Google, Bloomberg, . Honeywell, Honeywell, UBS, Meta, Microsoft, Palo Alto Networks, Palo Alto, Procter & Gamble, Starbucks, Constellation Brands, Stanley, TJX, Marshalls, Wynn Resorts, Jim Cramer's Charitable, Traders, New York Stock Exchange, Getty Locations: China, Costco, U.S, East, Mexican, Growth, HomeGoods, Wells Fargo, Macao

☆ Salesforce's behind-the-scenes co-founder is tackling Slack as software company turns 25
▼ + stars: | 2024-03-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +16 min

"The V2MOM had nothing about generative AI," Parker Harris, who co-founded the company with Benioff, told CNBC in an interview. Harris, a Salesforce board member and now the technology chief of Slack, which Salesforce bought in 2021, said he'd rather avoid the limelight. Without the Data Cloud, Harris told CNBC, "I think we would have been in a much worse place." He told Benioff he'd redo the plan, the person said. They'll be talking more frequently, as Harris said they're about to kick off weekly meetings on Slack and Salesforce integrations.

Persons: Parker Harris, Marlena Sloss, Marc Benioff, ChatGPT, Benioff, Salesforce, Harris, Slack, he'd, Sam Altman, Noah Berger, Robin, Batman, Frank Dominguez, Dave Moellenhoff, Bobby Yazdani, Larry Ellison, Yazdani, Dominguez, Brett Queener, who's, Queener, Salesforce.com, He's, Ruth Asawa, Josef Albers, Miles Davis, Donald Trump, Jason Alden, Marc, Kara Swisher, David Paul Morris, Adam Selipsky, it's, Stewart Butterfield, Lidiane Jones, Cal Henderson, Benioff's, Parker, Noah Weiss, Denise Dresser, Weiss, Parker Harris emoji, They'll, Salesforce integrations, Stefan Slowinski Organizations: Salesforce, Bloomberg, Getty, CNBC, Google, Microsoft, Middlebury College, Apple, San, San Francisco Bay Area, Metropolis Software, Software, Saba Software, Oracle, San Francisco's Telegraph, YouTube, Facebook, Economic, Salesforce.com Inc, Web, VMware, Employees Locations: San Francisco, Silicon Valley, English, Vermont, North Carolina, San Francisco Bay, Moellenhoff, Kincaid's, Burlingame, San Francisco's, Salesforce, France, Italy, Nantucket, San, Pacific, Davos, Switzerland, Cliff, New York, Las Vegas, Hawaii

☆ Salesforce CEO Marc Benioff says AI can't be 'bad' like social media if it's going to be trusted
▼ + stars: | 2024-01-18 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Marc Benioff called for greater public trust in AI in a panel at the World Economic Forum. The Salesforce CEO said he wants people to trust AI — unlike social media over the past decade. Winning public trust in AI will require greater regulation, Benioff said. Benioff also said that social media has been a "shit show," adding: "It's pretty bad — we don't want that in our AI industry." OpenAI CEO Sam Altman spoke at the World Economic Forum in Davos, Switzerland.

Persons: Marc Benioff, Benioff, —, Salesforce, Sam Altman, FABRICE COFFRINI, OpenAI, Altman, wasn't, Einstein, Salesforce didn't Organizations: Economic, Service, CNBC, Bloomberg, Business Locations: Davos, Switzerland, OpenAI

Salesforce CEO Marc Benioff gave executives lavish gifts including Cartier watches. Its marketing chief was given an Aston Martin, while another executive got an electric BMW. Marc Benioff pulls out all the stops when it comes to buying gifts for some executives. Insider revealed last week that the Salesforce CEO has generously given some watches costing five figures and cars costing well into six figures. Benioff is known for handing out $10,000 Cartier watches at Salesforce executive meetings.

☆ Salesforce COO warns there may be even more job cuts coming to 'change and reshape' the company
▼ + stars: | 2023-03-25 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Salesforce COO Brian Millham said it could "change and reshape" the company, per Bloomberg. Brian Millham said Friday that a "change and reshape" of the company may be needed to drive efficiencies. "The structure of the organization — if we feel like it needs to change and reshape — we're going to make those moves to drive the efficiencies," he said. He also said consultants Bain & Co were reviewing operations, but were yet to make any final recommendations. Most of the cuts affected workers in sales and marketing in locations including New York and Atlanta, Insider's Ashley Stewart and Ellen Thomas previously reported.

☆ Salesforce's Marc Benioff says he's following 'the Oracle playbook' to improve profits — and Larry Ellison is helping him
▼ + stars: | 2023-03-02 | by ( Paayal Zaveri | Ellen Thomas | ) www.businessinsider.com time to read: +5 min

Marc Benioff said he was adopting Oracle's playbook and being mentored by Larry Ellison as he focuses on profitability. But on Wednesday, Salesforce CEO Marc Benioff admitted that he was adopting Oracle's playbook and being tutored on it by Oracle's founder and chairman Larry Ellison. Benioff started his career at Oracle at age 23, and Ellison made him into a star executive by age 26. The drama started when Oracle started working on a product that competed with Salesforce, eventually leading Benioff to kick Ellison off his board. And now Benioff is publicly thanking Ellison and his Oracle playbook as Salesforce fends off no fewer than five activist investors, all pressuring the company to improve profitability.

☆ Salesforce co-CEO Marc Benioff hints at more potential layoffs after this week's job cuts
▼ + stars: | 2023-01-06 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

The virtual meeting came a day after Salesforce announced that it was cutting 10% of jobs, amounting to over 7,000 positions. Tech companies are shrinking their workforce for the first time in years as they reckon with slowing growth, rising interest rates and a potential recession. Now Salesforce is retrenching as revenue growth is slowing and as it faces an activist investor concerned about operating leverage. During Thursday's meeting, Benioff expressed frustration about media reports that surfaced regarding his his comments. WATCH: Jim Cramer says more tech layoffs are coming after Salesforce cuts 10% of its headcount

☆ Salesforce is a cautionary tale for other tech companies
▼ + stars: | 2023-01-05 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

It's only day five of the month, but there have already been more tech layoffs than there were in all of January 2022. I'm your host Diamond Naga Siu, and I'm here to walk you through the latest tech job cuts. Salesforce CEO Marc Benioff announced yesterday that it's shuttering multiple offices and entering its second round of layoffs within months. These are issues unique to Salesforce, but other tech companies have also been fumbling for a while. And the cloud company's layoffs signal that the tech industry is going to continue downhill this year, as customers cut spending.

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