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Piper Sandler raised its rating on Rivian to overweight, noting the stock can rally 96% from here. Baird's $1,050 price target implies that Nvidia stock could still rally another 19%, adding onto its eye-watering 78% gain so far this year. After soaring more than 200% last year, Nvidia shares have surged another 77% in 2024. "Make no mistake: buying RIVN is risky and a botched midyear re-tooling effort could yet surprise investors negatively," Potter wrote. Snowflake shares have struggled this year, losing 20%, in part due to Frank Slootman stepping down his CEO role.

Persons: Piper Sandler, Guggenheim, Baird, Trista Gerra, Blackwell, Gerra, Lisa Kailai Han, Alexander Potter, Tesla, Rivian hasn't, Potter, Rivian, John DiFucci, DiFucci, Snowflake, Frank Slootman, Fred Imbert Organizations: CNBC, Nvidia, GTC, Guggenheim Locations: Rivian

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Apple, Rivian, Micron, Microsoft, Eli Lilly, Amazon & more
▼ + stars: | 2024-03-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Citi upgrades Thor Industries to buy from neutral Citi said it see a "favorable event path" for the RV company. " Citi initiates Pure Storage as buy Citi said in its initiation of Pure Storage that the data storage company is an AI beneficiary. Citi reiterates Apple as buy Citi said it's standing by its buy rating on shares of Apple. Bank of America reiterates Amazon as buy Bank of America said it's bullish heading into Amazon's Spring Sales event next week. Citi reiterates Micron as buy Citi raised its price target on the stock to $150 per share from $95 and says it's bullish heading into earnings next week. "

Persons: Piper Sandler, Piper, Morgan Stanley, RSG, Cummins, Baird, Nvidia, JPMorgan, Tesla, Telsey, Todd Vasos, it's, Stellantis, Five9, PBF, DINO, Truist, Eli Lilly, LLYs, Dave Ricks, Patrik Jonsson Organizations: EV, Bank of America, Adobe, Citi, Thor Industries, Morgan Stanley downgrades Republic Services, UBS, Cummins, CMI, Microsoft, Nvidia, JPMorgan, Guggenheim, Apple, Worldwide, " Bank of America, Micron, Catalyst Watch, RBC, UFC, WWE, Inc, Valero Energy, Sinclair, of America, Entertainment, Golden Entertainment, Diabetes, Obesity Locations: Snowflake, F4Q24, China, Nevada

☆ Exceptionally warm weather on the way for central, eastern US due to pattern change
▼ + stars: | 2024-02-23 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

The core of the unseasonable warmth spreads east on Tuesday to encompass much of the Great Lakes and Ohio Valley. A storm forecast to develop near the Great Lakes late Tuesday could unload rain and thunderstorms on much of the East into Thursday. Across the Midwest and Great Lakes, snowfall is a few feet below what’s normal by this point. Ice is also almost nowhere to be found on the Great Lakes. Close to 40% of the Great Lakes are typically covered in ice by late February, but total ice coverage was near a record-low 6% Thursday.

Persons: Louis, Dallas, Paul Organizations: CNN, CNN Weather Omaha, Triple, ., Ohio Locations: Dallas, Minneapolis, Philadelphia, Gulf of Mexico, St, Chicago, CNN Weather Omaha , Nebraska, Texas, Mexico, Lakes, Ohio, Cleveland, Coast, . Philadelphia, New York City, Gulf, Midwest, Northeast, Great, Syracuse , New York, Erie , Pennsylvania

Democrat Tom Suozzi flipped a New York congressional seat blue Tuesday night, narrowing the GOP's already razor-thin majority in the House and boosting the spirits of Democrats fretting about President Joe Biden's strength in the fall elections. A centrist Democrat, Suozzi was seeking to get back the job he had before he left to run, unsuccessfully, for the gubernatorial nomination in 2022. Suozzi also faced an electorate unhappy with Biden in general and, in particular, the influx of immigrants over the border. A little-known Nassau County legislator, Pilip is a registered Democrat who was running on the Republican and Conservative Party lines. Democrats also scored a big win in Pennsylvania on Tuesday night, retaining control of the state House with Jim Prokopiak's unexpectedly lopsided victory over Republican Candace Cabanas.

Persons: Tom Suozzi, Joe Biden's, Republican Mazi Pilip, ” Suozzi, ”, Biden, Donald Trump, Alejandro Mayorkas, impeaching, – Suozzi, Democratic Sen, Claire McCaskill, Suozzi, George Santos –, Santos, –, Grace Meng, Pilip, Jim Prokopiak's, Republican Candace Cabanas Organizations: Associated Press, Suozzi, Republican, Nassau, Nassau County Republican, Congressional, Republicans, Homeland, Democratic, MSNBC, Democrat, –, Democratic New York Rep, Conservative Party, Nassau County Republicans, Democrats Locations: York, Nassau County, Israel, Gaza, New, New York, impeaching Mayorkas, Pennsylvania

☆ NYC gets hit by the biggest snowstorm in 2 years. It's part of a growing trend of extreme weather events.
▼ + stars: | 2024-02-13 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +7 min

Winter storm Lorraine is the latest event in this growing trend, which experts say is driven largely by global climate change. The polar vortex is like a figure skaterThe polar vortex can unleash cold Arctic temperatures upon Canada and the US. AdvertisementBut in reality, the impact of climate change on winter weather is much more complex. AdvertisementThat could explain why the US is still experiencing episodes of record-breaking low winter temperatures despite an overall rise in annual average temperatures, Cohen explained. AdvertisementAnd as climate change continues to warm the Arctic, Francis anticipates we will see more of these events.

Persons: Lorraine, Judah Cohen, It’s, Cohen, ” Cohen, “, Matthew Williams, Ellis, David Becker, Brace, Joe Pool, Julio Cortez, Jennifer Francis, ” Francis, Francis Organizations: Service, NOAA, MIT, Getty, . Research, Boston, Climate Research Locations: New York, East, Philadelphia, Boston . New, Montana, Minnesota, Canada, California, Eurasia, America, Portland , Oregon, Joe

☆ The Midwest is having a ‘non-winter.’ El Niño is only partially to blame
▼ + stars: | 2024-02-11 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

CNN —Winter has gone missing across the Midwest and Great Lakes, and time is running out to find it. Dozens of cities are on track for one of the warmest winters on record, making snow and ice rare commodities. A classic El Niño pattern coupled with the effects of a warming climate are to blame for this “non-winter” winter, said Pete Boulay, a climatologist with the Minnesota Department of Natural Resources. Missing snowfall is even more pronounced in areas surrounding the Great Lakes, especially those that are typically buried by lake-effect snow. The lackluster ice coverage is part of a larger troubling trend across the Great Lakes.

Persons: Pete Boulay, we’ve, ” Boulay, “ I’ve, Boulay, ” Melissa Widhalm Organizations: CNN, Minnesota Department of Natural Resources, Regional Climate Center, Paul International, Nashville, Twin Cities, Purdue University, NOAA, Climate Central, Climate Locations: Midwest, Great Lakes, Minnesota, Wisconsin, Minneapolis, St, Erie , Pennsylvania, Great, Climate Central

☆ Chinese Lunar New Year travel chaos as extreme weather leaves drivers stuck in cars
▼ + stars: | 2024-02-06 | by ( Marc Stewart | Simone Mccarthy | ) edition.cnn.com time to read: +4 min

Beijing CNN —Blizzards and freezing rain have brought massive disruption to China’s peak Lunar New Year travel rush, leaving drivers stuck in cars on icy highways and passengers struggling to rebook canceled trains and flights. Sections of 90 major highways impacted by snow and ice were closed across China as of Tuesday morning, according to state-affiliated Beijing News. Others show crowds of stranded passengers in train stations, in one case with an announcement blaring: “No trains are leaving today. Tang flipped through his camera, where images showed piles of snow on both sides of the road and a long traffic jam. Another wave of precipitation is forecast through midweek slightly further south than the snow over the weekend, according to CNN Weather.

Persons: Yang Guang, Tang Zitao, Tang, ”, we’d, It’s Organizations: Beijing CNN, Visual China, CNN, Spring, CNN Weather Locations: China, Beijing, Hubei, Anhui, Wuhan, Henan province, Tang

COOKE CITY, Mont. They say their work has helped keep deaths from spiking despite more skiers, snowboarders and snowmobilers pushing the limits on remote mountainsides. Cooke City is thronged with tourists by the thousands in summer, when it’s a bustling gateway to Yellowstone National Park. After it snows — and here storms are often measured by the foot — snowmobilers and skiers pack the few hotels and inns. On Saturdays at a backcountry warming hut used by snowmobilers, avalanche educators give basic rescue lessons including how to use avalanche beacons — transmitters that send a signal rescuers can use to find victims.

Persons: COOKE, Wesley Mlaskoch, Mlaskoch, “, ” Mlaskoch, Doug Chabot, it’s, ”, Chabot, “ It’s, he’s, Chabot snowmobiled, Cooke, Kay Whittle, Bill, Shannon Abelseth Organizations: Gallatin National Forest Avalanche Center, Avalanche, Cooke, U.S, Experts, U.S ., Antlers Locations: Mont, Montana, , Minnesota, Gallatin, Idaho , Colorado, Wyoming, Cooke City , Montana, Cooke City, Cooke, Yellowstone

NEW YORK (AP) — One of the world’s largest and most influential publishers, Simon & Schuster, celebrates its 100th anniversary this year. The list tells many stories, through the books selected, not selected, and the evolution of what has been highlighted. “A group of Simon & Schuster staffers took on the daunting challenge of selecting 100 titles from our history that are believed to best represent the breadth and depth of the company’s publishing program, across imprints,” the publisher announced Wednesday. “That book actually had an influence on the course of events.”Like many leading publishers, Simon & Schuster began as an independently owned company and vastly expanded after the 1960s. Along the way, Simon & Schuster acquired numerous other publishers, whose books are now part of the S&S catalog and its centennial list.

Persons: Simon & Schuster, Simon, Gregory Hartswick, Prosper Buranelli, Margaret Petherbridge, Richard Simon, Max Schuster, ”, Schuster, Jonathan Karp, Sloan, veteran’s, Karp, “, — Ralph Ellison, Maya Angelou, Richard Wright, Harper, James Baldwin, Alex Haley, Langston Hughes, Toni Morrison, ” Karp, Ntozake Shange’s, Jenny Han’s “, ” Carlos Eire’s “, ” Siddhartha Mukherjee's “, ” Jason Reynolds ’, Safiya, Wendy Sherwin, didn’t, John Irving, Bruce Springsteen’s, Doris Kearns Goodwin’s Pulitzer, Franklin, Eleanor Roosevelt, Abraham Lincoln, Barack Obama, Rivals ’, Barack Obama’s, Hillary Clinton, Scott Fitzgerald’s “, ” Ernest Hemingway’s “, Alan Paton’s “, Scribner, Judy Blume’s “, Margaret ”, Walter Isaacson’s “ Steve Jobs, Frederick Backman's, Ove, Dale Carnegie’s, Leon Shimkin, David McCullough's, Wright, Blume, Woodward Organizations: Simon &, New York, HarperCollins, Dial Press, Doubleday, Knopf, “, Rivals, KKR, Win, Carnegie Locations: ”, Snow, Havana

☆ Salesforce communications chief Brad Burns departs for Snowflake
▼ + stars: | 2024-01-24 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +2 min

Brad Burns, the now former chief communications officer at Salesforce, has joined Snowflake in the same role, the data-cloud company said Wednesday in a press release. At Snowflake, Burns will spearhead communications strategy and advise company leadership. Snowflake's revenue growth and that of the rest of the cloud industry slowed earlier this year as customers tightened cloud budgets after a pandemic-fueled spending spree in 2020 and 2021. Related storiesFrank Slootman, Snowflake's chair and CEO, was previously rumored to be leaving the company, Business Insider reported. Burns joined Salesforce as chief communications officer in 2018.

Persons: Brad Burns, Burns, He's, Frank Slootman, Slootman, Bob Muglia, Bret Taylor's, Salesforce, Ellen Thomas Organizations: Business Locations: Snowflake, ethomas@insider.com

Storms have walloped the Pacific Northwest, Midwest, Plains, South and Northeast with low temperatures, heavy snow, ice storms, freezing rain and high winds for the past two weeks. Tina Kotek on Thursday declared a statewide emergency following deadly ice storms. Trees and power lines already coated with ice could topple if they get more, the National Weather Service warned. “Stay safe out there over the next several days as our region tries to thaw out,” the weather service said. The National Weather Service said there could be a thaw next week, when the forecast calls for above-average temperatures across almost the whole country.

Persons: Bob Johnson, ” Johnson, Doug McGowen, Joe Biden, Tina Kotek, Jonathan Mattise, Kristin M, Claire Rush, Carolyn Thompson, Jeffrey Collins, Colleen Long Organizations: Midwest, D.C, National Weather Service, Tennessee, Sheriff’s, Memphis, Water, Blood Assurance, The West Virginia Legislature, Capitol, Washington D.C, U.S . Capitol, White House, U.S . Conference of Mayors, Buffalo Bills, Kansas City Chiefs, Michigan, West Coast , Oregon Gov, Associated Press, Hall Locations: MEMPHIS, Tenn, Memphis, U.S, Canada, New York City, Baltimore, Washington, Pacific Northwest, Midwest, Plains, South, Arkansas , Mississippi , Missouri , Tennessee , Kentucky, Kansas, Lewisburg, Marshall, Memphis , Tennessee, Chattanooga , Tennessee, West Virginia, The, In Buffalo , New York, Michigan City , Indiana, West Coast , Oregon, Columbia, Willamette Valley, Nashville , Tennessee, Portland , Oregon, Buffalo , New York, Columbia , South Carolina

☆ Skiing: A new artificial snow-making technology could offer a lifeline to struggling resorts
▼ + stars: | 2024-01-20 | by ( Laura Paddison | ) edition.cnn.com time to read: +8 min

CNN —Nestled in the Pyrenees mountains, La Molina is Spain’s oldest ski resort. An industry in perilSpain has been struggling with scorching heat waves and a years-long drought, and Catalonia, the region where La Molina is located, has been particularly hard hit. But La Molina is far from the only ski resort trying to plot a future in a warmer, dryer world. “Current best estimates are that 95% of ski resorts rely on snowmaking to some extent to remain viable,” Orr told CNN. That’s exactly what the La Molina project aims to do — to see if the lab results can be replicated in the real world.

Persons: Molina, La Molina, FGC, Albert Verdaguer, Verdaguer, ”, ” Verdaguer, It’s, Ramón Pascual Berghaenel, Madeleine Orr, ” Orr, Snow, Jordy Hendrikx, “, Hendrikx, La, Hendrickx, snowmaking, Laura Rodríguez, ” Hendrikx, let’s, Vedaguer Organizations: CNN, Laboratory, Barcelona Institute of Materials Science, Northern Locations: Spain, Catalonia, Europe, Antarctica New Zealand, La Molina

☆ Ski season needs fresh snow. Resorts are struggling as the climate crisis forces them to rely on fake snow to make money.
▼ + stars: | 2024-01-18 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

For Brendan Gibbons, snow rules the day. "I used to say, 'We'll get our snow," Gibbons, director of snow services for Palisades Tahoe, told Business Insider. "The entire business model and opportunities for profit are getting squeezed into a shorter season with lower quality snow," Mankin said. He worries that little ski towns will suffer the most as the climate crisis worsens and potentially consolidate into larger conglomerates. Areas where average winter temperatures exceed -8 degrees Celcius, or 17 degrees Fahrenheit, will lose more and more snowpack with each degree of warming.

Persons: Brendan Gibbons, Gibbons, Justin Mankin, haven't, they've, Mankin Organizations: Service, Business, Palisades, Northern Hemisphere, Northeastern, Dartmouth College Locations: Sierra Nevada, Southwestern, Europe, New Hampshire, Vermont, Massachusetts, Mankin, Palisade, Business

Winter turned its icy glare on the U.S. this week, blanketing cities and states from east to west with snow and sending temperatures into an Arctic spiral. Heavy lake-effect snow shut down city hall, canceled school in several districts and led to travel bans across multiple suburbs. Blades of grass hardened into icicles as snow fell and temperatures dropped in Houston, Texas. Pedestrians braved the cold while walking in downtown Kansas City, Missouri, and children sailed down snow drifts at the U.S. Capitol in Washington. And steam rising off of Lake Michigan in Chicago drew would-be photographers, bundled up and enjoying the view as winter settled in.

Persons: Winter, Frost, hunkered Organizations: Blades, U.S, Capitol Locations: Buffalo , New York, In Oregon, Lake Oswego, Portland, New Orleans, Houston , Texas, Chicago, Nashville, Kansas City , Missouri, Washington, Lake Michigan

☆ New York Reminds Itself How to Dress for Snow
▼ + stars: | 2024-01-16 | by ( Callie Holtermann | Amir Hamja | ) www.nytimes.com time to read: 1 min

At 8 a.m. on Tuesday, a basset hound ambled through Prospect Park in Brooklyn in an extra-long turtleneck sweater. The dog’s ears swept the ground, which was covered in snow — real, fluffy, not-yet-yellow snow — for the first time in nearly two years. The hound was far from the only New Yorker strategically bundled against the cold. By early afternoon, what little snow remained clung to trash bags, and street corners were covered in gray slush. Finally, it looked like winter in New York.

Locations: Prospect Park, Brooklyn, SoHo, Lower Manhattan, New York

☆ It's so cold in Finland right now that Celsius and Fahrenheit are the same
▼ + stars: | 2024-01-03 | by ( Jari Tanner | Associated Press | ) www.businessinsider.com time to read: +2 min

It's really, really, really cold in Finland and Sweden right now. It's so cold that Celsius and Fahrenheit are the same. That's minus 40 degrees. AdvertisementFinland and Sweden recorded their coldest temperatures of the winter Tuesday when thermometers plummeted as low as minus 40 degrees Celsius (minus 40 Fahrenheit) as a cold spell grips the Nordic region. Temperatures in the Finnish capital, Helsinki, were expected to hover between minus 15 and minus 20 C (around zero F).

Persons: It's, —, Nils Holmqvist Organizations: Service, SVT Locations: Finland, Sweden, Norway, Swedish, Nikkaluokta, Ylivieska, Helsinki, Arendal, Denmark

☆ Snowflake sees product revenue above estimates on AI-driven demand
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 29 (Reuters) - Snowflake (SNOW.N) forecast quarterly product revenue above estimates on Wednesday, as increasing adoption of artificial intelligence boosted demand for its data cloud offerings. Snowflake expects product revenue for the fourth quarter to be in the range of $716 million to $721 million, which is above analysts' average estimate of $700.3 million, according to data from LSEG. For the third quarter, the company's revenue rose 32% to $734.2 million, above estimates of $713.1 million. Product revenue, which is derived from the consumption of compute, storage, and data transfer resources, was above estimates at $698.5 million for the quarter ended Oct. 31. The company also raised its product revenue forecast for 2024 to $2.65 billion from $2.60 billion.

Persons: Brendan McDermid, Frank Slootman, Arsheeya, Maju Samuel Organizations: Snowflake Inc, New York Stock Exchange, REUTERS, LSEG, Gartner, Thomson Locations: New York, U.S, Bozeman , Montana, Bengaluru

The late crush of holiday travelers is picking up steam, with about 2.7 million people expected to board flights on Wednesday and millions more planning to drive to Thanksgiving celebrations. The Transportation Security Administration predicts that it will screen 2.7 million passengers Wednesday and a record 2.9 million on Sunday, the biggest day for return trips. AAA says the nationwide average for gas was down to $3.29 a gallon on Tuesday, compared with $3.66 a year ago. Air travelers will enjoy lower prices too. Even so, the high cost of rent, food, health care and other expenses were weighing on people's travel plans.

Persons: Pete Buttigieg, TSA's, David Pekoske, ABC’s, ”, “, Airfares, Hopper, Jason McQueary, ’ ”, McQueary, Erin Hooley Organizations: Southwest Airlines, Airlines, Delta Air Lines, Federal Aviation Administration, New, Transportation, FAA, Transportation Security Administration, America, AAA, Drivers, Chicago O’Hare, _________ Associated Press Locations: United States, New York City, East Coast, snowplows, Denver, Chicago, Byron , Illinois

DALLAS (AP) — Despite inflation and memories of past holiday travel meltdowns, millions of people are expected to hit airports and highways in record numbers over the Thanksgiving break. Sunday will draw the largest crowds with an estimated 2.9 million passengers, which would narrowly eclipse a record set on June 30. Scott Keyes, founder of the travel site Going, is cautiously optimistic that holiday air travel won’t be the same mess. From June through August — when thunderstorms can snarl air traffic — the rate of cancellations fell 18% compared to 2022. The airlines, in turn, have heaped blame on the Federal Aviation Administration, which they say can’t keep up with the growing air traffic.

Persons: Pete Buttigieg, Nature, ”, Patrick De Haan, ” De Haan, haven't, Scott Keyes, ” Keyes Organizations: DALLAS, Transportation Security Administration, AAA, . Transportation, Southwest, U.S . Department of Transportation, Federal Aviation Administration, Transportation, FAA, Airlines Locations: East Coast, snowplows, New York, Miami, Jacksonville , Florida, Delta

The National Weather Service warned of hazardous travel on snowy mountain passes and ice on some highways when snow initially melts and then freezes as road temperatures drop. The snow was then forecast to spread across northern Idaho, Montana, northwestern Wyoming and North Dakota into Friday. Some higher elevations in the northern Rockies could see snow totals of 2 feet (61 centimeters) or more. Central Montana will see the worst of the snow, said Matt Ludwig, a meteorologist with the National Weather Service in Great Falls. Northwestern Wyoming, including Yellowstone National Park, was also under a winter storm warning, the National Weather Service said.

Persons: HELENA, — Snow, Matt Ludwig, ”, Ludwig, aren’t, Snow, Payton Lester, Joe Spieker, Helena, Ludwig said, that's, ” Ludwig, Nathan Heinert, Heinert, Bismarck Organizations: Rockies, National Weather Service, Helena Public Schools, Eagle Tire, Helena, Watford City Locations: Mont, Washington, Idaho , Montana, Wyoming, North Dakota, Canada, Cascade, Montana, Central Montana, Great Falls, Helena, Northwestern Wyoming, Yellowstone, Alberta, Bismarck, Williston, Watford, Minot, North

Parts of the East Coast, particularly the Mid-Atlantic, may get more snow than normal because of that, he said. That means more rain in the South and extra storminess in the late winter, Gottschalk said. El Nino often means “unusual severe weather across the state of Florida because of a strong subtropical jet stream,” he said. He pointed to Washington’s paralyzing 2010 Snowmageddon storm that dumped more than 2 feet on the capital region during an El Nino. The Siberian snow cover, El Nino and other factors “indicate an overall mild winter,” he told The Associated Press.

Persons: there’s, Jon Gottschalk, ” Gottschalk, El, Gottschalk, El Nino, it's, ”, Judah Cohen, Cohen, ___ Read, Seth Borenstein Organizations: El Nino, National Oceanic, Atmospheric Administration, NOAA, Environmental Research, Associated Press, Twitter, AP Locations: United, America, East Coast, Tennessee , Missouri , Nebraska, Nevada, California, U.S, Alaska, Pacific Northwest, New England, Massachusetts, East, Tennessee, Texas , Kansas , Colorado , Utah, New Mexico, Arizona, Lake Erie, Washington, United States, Florida, Caribbean, Gulf of Mexico, Boston, Siberia, Boston , New York City, Pittsburgh, Buffalo, Chicago, Minneapolis, Kansas City, Salt Lake City, Philadelphia, Denver, New Mexico , Arizona , Texas , Oklahoma , Arkansas , Mississippi, Alabama

☆ An El Niño winter is coming: What could that mean for the US?
▼ + stars: | 2023-09-25 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

El Niño is one of three phases of the El Niño Southern Oscillation, which tracks water temperature changes in the equatorial Pacific Ocean that can have rippling effects on weather patterns around the globe. A wetter southern tier and a drier northern tier in an outlook for this winter from the Climate Prediction Center have all the fingerprints of an El Niño winter. El Niño winter patterns are less regular in California, the Southwest and the Northeast. The Northeast doesn’t have a well-defined set of expectations during an El Niño winter. A very strong El Niño during the 2015-2016 winter contributed to the warmest winter on record for the US mainland, according to NOAA.

Persons: it’s, Niño, El Niño, Niña, Harry Lynch Organizations: CNN, El, West, NOAA, Rockies, snowpack, ., Raleigh News, Observer, Tribune, Service, Carolinas Locations: El, Southern, Texas , Louisiana, Mississippi, South, Pacific Northwest, Plains, Midwest, Pacific, California, Raleigh , North Carolina, Texas, East Coast

☆ Instacart clarifies its Snowflake payments in updated IPO prospectus after clash with Databricks
▼ + stars: | 2023-09-11 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Instacart filed an updated IPO prospectus Monday and clarified how its contract works with data storage and analytics company Snowflake , after the initial filing appeared to show a dramatic decline in spending on Snowflake's technology. The apparent slippage led to confusion and spurred employees at rival Databricks to suggest online that it was picking up that business. "These cash payments, including the payments we made in 2022, generally represent prepayments for future services which, in many cases, span multiple fiscal periods," Instacart wrote. For both 2021 and 2022, Instacart said it incurred operating expenses tied to the cloud technology of $28 million. Instacart isn't required to disclose its relationship with Databricks, but both companies published recent posts about the implementation on their websites.

Persons: Instacart, Snowflake, Frank Slootman, Databricks, it's Locations: Databricks

☆ Jim Cramer says this enterprise software stock has more room to run on AI craze
▼ + stars: | 2023-09-08 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

A banner for Snowflake Inc. is displayed at the New York Stock Exchange to celebrate the company's initial public offering, Sept. 16, 2020. Snowflake (SNOW) rose more than 3% Friday after DA Davidson initiated research coverage of the stock with a buy rating. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. CNBC's Jim Cramer agrees that Snowflake is poised to benefit from the craze, citing the company's strong leadership from CEO Frank Slootman and its "great business model" on integrating generative AI into its products. They're really making a comeback," Jim said, citing upbeat earnings from the sector, including a strong quarter and rosy guidance from Salesforce (CRM), which is a holding in the CNBC Investing Club's portfolio.

Persons: Davidson, Jim Cramer's, CNBC's Jim Cramer, Frank Slootman, They're, Jim Organizations: Inc, New York Stock Exchange, CNBC

☆ Instacart's IPO filing sparked an online spat between cloud rivals Snowflake and Databricks
▼ + stars: | 2023-09-02 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

One of Instacart's board members is Frank Slootman, the CEO of Snowflake , a publicly traded company that helps businesses store and manage hefty workloads in the cloud. Slootman joined Instacart's board in 2021 and, because of that relationship, the company has to disclose its business ties to Snowflake. In May, the company published a blog post titled "How Instacart Ads Modularized Data Pipelines With Lakehouse Architecture and Spark." The post, which described software underpinning Instacart's ads infrastructure, included discussion of a migration to Databricks' Lakehouse technology and the cost savings that followed. Representatives from Instacart, Snowflake and Databricks declined to to comment.

Persons: Frank Slootman, Slootman, Instacart, Snowflake, Databricks pounced, Databricks, You've Organizations: Inc, New York Stock Exchange, Employees, Twitter Locations: Snowflake, Instacart

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