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YouTube is leaning on its music app to rival competitors like Spotify and Apple Podcasts. As video podcasts boom on YouTube, the platform is leaning on its ability to offer both video and audio to draw in listeners. "With YouTube Music, we've expanded a user's choice for how to consume podcasts on YouTube," Sweet said. "Audiences can pivot to an audio-first experience with the ability to background and download podcasts on the go, and these experiences sync up." Podcasts are found in the YouTube Music app on the home and Explore tabs.
Persons: , we've, Sweet, We're Organizations: YouTube, Spotify, Apple, Service, Business
(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. A closely watched electric vehicle maker and a cloud software company were among the talked stocks by analysts on Tuesday. "We move to Sell given the increased lack of visibility around an inflection in the aforementioned trends," said analyst Kash Rangan. – Samantha Subin 6:19 a.m.: Wall Street reacts to Reddit's first earnings print as a public company Reddit's first earnings report since hitting the public markets in March is garnering some mixed responses from Wall Street analysts. "Its limited production and commercial history leaves much to be seen," he wrote "Rivian must prove it can acquire the customer base, while maintaining low advertising costs."
Persons: there's, Baird, Goldman Sachs, Kash Rangan, Rangan, – Samantha Subin, Mark Shmulik, Reddit, Doug Anmuth, Bank of America's Justin Post, Citi's Ronald Josey, Samantha Subin, Mark Delaney, Rivian, Dan Levy, RIVN, Wells Fargo's Colin Langan, Langan, Datadog Baird, Amit Agarwal, Will Power, DDOG, Power, Fred Imbert Organizations: CNBC, ZoomInfo Technologies, Wall Street, Google, Bank of America's, Barclays, Datadog, Cisco Locations: Rivian, Datadog
Here are three ways Smart Sourcing can help you hire smarter and faster. "As you accept or reject candidates, the Smart Sourcing AI will learn what you prefer over time," Kudrikow said. Matches are based on three things: The keyword relevancy of your job post, job seekers' resumes, job seekers' search activity on Indeed, and how recently job seekers have been on the site. With a Professional Subscription, hiring managers gain the ability to automate post-outreach and follow-up with custom reminder messages. Getting started with Smart SourcingSmart Sourcing subscriptions are available starting today, and existing Indeed Resume subscriptions have transitioned to Smart Sourcing.
Persons: Allison McLellan, Harris Poll1, Jason Kudrikow, Harris, Smart Sourcing's, Kudrikow, you've, Kudikrow Organizations: Smart, Universal Health Services, UHS, Employers, Insider Studios, . Survey Locations: Puerto Rico, United States
For even more discounts, check out our roundup of the best Best Buy deals and the best Mother's Day sales. Amazon sale quicklinks Amazon Echo : Get up to 50% off select Echo speakers. Amazon Fire : Get up to 40% off select Fire TV streaming devices. : Get up to 40% off select Fire TV streaming devices. Shop at AmazonThis is just a small sample of this weekend's top Amazon sale picks.
Persons: I've, Ralph Lauren, De'Longhi, Siri, It's Organizations: Business, Walmart, Apple, Echo, Sporting, Amazon Apple, Apple Health, Amazon Bose, Google, Amazon Fire
The banking giant is expected to report earnings of $4.15 per share and $41.84 billion in revenue, according to LSEG. Many analysts also anticipate an upward revision to net interest income guidance, with the firm already forecasting $90 billion for the full year. Graseck views JPMorgan as one of the best-positioned stocks for upward net interest income revisions, also highlighting its significant excess capital relative to others within the firm's coverage. What else to watch If not during earnings, this upward guidance adjustment to net interest income could occur at JPMorgan's investor day in May, she said. Another key figure some analysts are watching is earnings from First Republic, which the company took over in May 2023 .
Persons: JPM, Piper Sandler's Scott Siefers, Morgan Stanley's Betsy Graseck, Graseck, Goldman Sachs, Richard Ramsden, America's Ebrahim Poonawala, Erika Najarian, NII, Wells, Mike Mayo, Ramsden Organizations: JPMorgan, Wall Street, Management, Bank, America's, First Locations: buybacks, First Republic, Republic
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "Let's stop being focused on the short-term," Jim Cramer said Monday, cautioning Club members against investing based on Fed officials' comments. This is all great news for recently added Club stock Best Buy in terms of demand and sales as well as its stock price eventually. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Wells, Wolfe, Eaton, underperform, Friday's, Jim, Jefferies, Jim Cramer's Organizations: CNBC, Federal, cautioning Club, Fed, Constellation Brands, Wolfe Research Locations: Eaton
"The impact of the Baltimore port stoppage on construction and contractor supply chains may be significant," said William George, director of research for ImportGenius. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. COSCO announced Wednesday morning that its services would "be concluded" once the diverted container arrives at the alternate port. Out of the diverted ports, New York/New Jersey and Savannah, are included. One of the biggest concerns among logistics companies is availability of chassis for both truck and rail to handle the diverted cargo.
Persons: Dali, Francis Scott Key, William George, ImportGenius, Maersk, COSCO, majeure, CGM, Paul Brashier, Brashier, Matt Castle, Robinson, Val Noel, Mike Wilson, Noel, Alan Baer, Baer, Stephen Edwards, Edwards Organizations: Francis Scott Key Bridge, Logistics, CNBC, Baltimore, Evergreen, CMA, ITS Logistics, U.S Department of Transportation, Home Depot, Nike, Walmart, Union Pacific, BNSF, Robinson, DHL, FedEx, Port, DOT's, Rail, TRAC, Freight, Consolidated Chassis Management, USA, Norfolk . Our Midwest Locations: Baltimore , Maryland, Baltimore, The Port, U.S, Port of Baltimore, Target, East, , New York, New Jersey, Savannah, Chicago, Brunswick, Virginia, Charleston, New York, Philadelphia, Norfolk, Wilmington , Savannah, Jacksonville, UAE, Saudi, Doha, India, Bangladesh, NY, Montreal, Port of Virginia, Port
Apple is taking a cue from Google and Meta by experimenting with a new AI-powered way to buy its App Store ads, according to two people familiar with the matter. Commentators have previously speculated that Apple would soon bring ads to Maps, Apple TV+, and its Books app. Most of that revenue is derived from its App Store search ads, though it has recently made progress in other areas. Apple now offers sponsorships and other ad integrations within its broadcasts of MLS Soccer on Apple TV. It has also made key hires in areas including adtech and TV ad sales, which suggests it may have bigger advertising ambitions, such as following rivals like Netflix and Apple by adding an advertising tier to Apple TV+.
Persons: Max, it's, Apple didn't, Eric Seufert, Seufert, Apple Organizations: Apple, Google, Business, Meta, Mobile, MLS Soccer, Netflix
"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
Goldman Sachs lowered its rating on Estée Lauder to neutral, and its new price target calls for a slight decline going forward. Elsewhere, Daiwa raised its price target on Nvidia, which points to more than 10% upside over the next 12 months. The firm stood by its outperform rating on the chipmaker stock, but lifted its price target to $900 from $535. FLYW YTD mountain FLYW in 2024 Faucette accompanied his downgrade by lifting his price target to $30 from $27. He also lifted his price target on the stock to $40 from $30, implying upside of 24.6% from Thursday's close.
Persons: Goldman Sachs, Estée Lauder, Jefferies, Root, Daiwa, Brad Sills, Sills, — Lisa Kailai Han, Stephens, Vita Coco, Coco, Jim Salera, COCO, Lisa Gill, Gill, Louis Miscioscia, Miscioscia, Lisa Kailai Han, Piper Sandler downgrades, Piper Sandler, Mark Fitzgibbon, Fitzgibbon, Morgan Stanley downgrades Flywire, Morgan Stanley, James Faucette, Faucette, Goldman Sachs downgrades Estée Lauder, Lauder, Goldman, Yaron Kinar, Kinar, Fred Imbert Organizations: CNBC, Nvidia, Bank of America, of America, Vertex, Accenture, RSM, BDO, JPMorgan, Daiwa, Markets, Riding, AMD, Intel, York Community Bancorp, York Community, New York Community Bancorp, Travel, B2B, U.S, Jefferies Locations: York, Canada, Asia, China, Hainan, Thursday's
GM CEO Mary Barra said at the time that her company expected to save up to $400 million of a planned investment in building out EV charging stations. "People shopping for a Tesla aren't typically cross-shopping at Kia, Ford, or Mercedes-Benz dealers because they simply want a Tesla," Fiorani wrote. "Tesla is not afraid to use government regulations for income and has been working all possible revenue streams for much of its existence," Fiorani wrote. Tesla reports charging revenue with its "Total automotive & services and other segment revenue." WATCH: Tesla charging connector is on pace to become the North America EV standard
Persons: Jim Farley, Tesla, Mary Barra, Elon Musk, Sam Fiorani, Fiorani, AutoForecast, Biden's, hasn't, William Navarro Jameson Organizations: Ford, LinkedIn, Ford EV, General Motors, Canada, AutoForecast Solutions, Tesla, Kia, Benz, North America EV Locations: North America, U.S
This year, Overtime is on track to make $100 million based on deals that are locked in, a 30% year-over-year increase. Amazon pays Overtime to stream its Overtime Elite basketball league, which pays its teen players upwards of $100,000 annually plus bonuses. Advertisement"We have three-year sponsorship deals with major brands," Porter said, referring to Overtime's league deals. For example, GMC and C4 Energy drink pay Overtime to sponsor its Overtime Elite practice courts and Overtime Boxing ring, respectively. Its young audience also poses some limitations.
Persons: , Dan Porter, CRO Rich Calacci, Porter, it's, that's, Megan Marks, Zack Weiner, It's, Breanna Stewart who's Organizations: Service, GMC, State, Adidas, Amazon Prime, Elite, Business, NBA, C4 Energy, Dentsu Media, millennials, NFL, Endeavor, Liberty Media Corp, Netflix Locations: America
A centerpiece of that plan is “MLS Season Pass,” a sleekly designed streaming package that ditches the fragmentation other sports suffer from and lets fans stream globally every game — without blackouts — in the Apple TV app. The package costs $14.99 per month or $99 for the season and slightly less ($12.99 per month or $79 for the year) for existing Apple TV+ subscribers. “Once people tuned into the product, they were watching longer than our linear versions in past years,” Camilo Durana, executive vice president of MLS’ Apple partnership, properties and events, told CNN. On Wednesday, Apple released a new Sports app that shows live MLS scores and pushes people to watch them on “MLS Season Pass” on the Apple TV app. That matches a third-party report from analytics firm Antenna showing that “MLS Season Pass” was getting 6,000 new signups a day before Messi arrived but soared to 110,000 signups a day after he signed.
Persons: ” Sacha Kljestan, ” Kljestan, Kevin Egan, Andrew Wiebe, Kaylyn Kyle, Bradley Wright, Phillips, , ” Camilo Durana, Maddie Meyer, Apple, Lionel Messi, Dre, Durana, Messi, It’s, Santosh Rao, ” Rao Organizations: New, New York CNN — Football, Major League Soccer, Apple, MLS, CNN, NFL, NBC, CBS, FOX, US, TSN, Columbus Crew, Inter Miami, Apple Music, Sports Business, Mobile, Manhattan Venture Partners, doesn’t Locations: New York, Spanish, Canada, Apple’s
As healthcare startups dive headfirst into building artificial intelligence products to sell to hospitals, a new report suggests many health systems don't yet have policies to support the tech. In a survey of 34 US health systems leaders, only 16% reported having systemwide policies for AI usage and data access. Some health system leaders said they haven't developed policies because the industry is in the early stages of AI adoption. Many health system leaders surveyed by KLAS expressed excitement about AI software for clinical documentation. Seventy percent of health system leaders surveyed by KLAS said their organizations planned to adopt AI software integrated with their EHRs.
Persons: , hasn't, Robert Califf, KLAS, we'll, Bryan Roberts Organizations: Business, Center, Medicine, UPMC, KLAS Research, Healthcare, Food and Drug Administration, FDA, Venture, University of Pittsburgh Medical Center, University of Kansas Health, Microsoft, Industry
1 reason to use a business bank account. However, it is essential that you do not overlook the value of opening a business bank account — usually both a business checking account and a high-yield business savings account. Here are four things I tell my business owner clients to consider when choosing a business bank account. Ease of paying contractorsSome business bank accounts, especially online accounts, offer free invoicing and bookkeeping software/features. If you use accounting software (such as QuickBooks) to manage your business finances, accessing a business bank account that offers integration features may be desirable.
Persons: Organizations: Service
Some early adopters of Microsoft's AI assistant, Copilot, are less than impressed, the Wall Street Journal reports. The first users balked at the hefty costs and said the AI would hallucinate wrong answers. AdvertisementMicrosoft is making a big bet on AI with its newly launched generative AI assistant Copilot, but some early adopters have been less than impressed. Others said the AI hallucinated wrong answers or calculated spreadsheets wrong, according to the outlet. And earlier this month, the techgiant rolled out Copilot internally, Business Insider's Ashley Stewart reported at the time.
Persons: , Copilot, Copilot —, It's, wasn't, Jared Spataro, Spataro, Insider's Ashley Stewart, Satya Nadella Organizations: Wall Street, Microsoft, Service, Excel, Chemicals, Dow, Lenovo, Super Locations: Copilot, OpenAI
CNBC Pro combed through Bank of America research to find attractive stocks heading into earnings. Global Payments Analyst Jason Kupferberg is doubling down on shares of the payment processing company heading into earnings on Feb. 14 . "If executed well, we still think integrations between ESPN's media app and ESPN Bet could drive sustainable high-single-digit market share," he said. "We are Buy rated on PENN given stable regional gaming trends and upside opportunity from ESPN Bet," Kelley wrote. … While disappointing at face, turnarounds are never a straight line and we think investor expectations for PENN & ESPN Bet remain low.
Persons: it's, there's, Jason Kupferberg, Kupferberg, GPN, Tal Liani, Liani, Shaun Kelley, that's, Kelley, Penn Organizations: Nvidia, Bank of America, CNBC, Arista Networks, Penn Entertainment, Global, Arista, Microsoft, TAM, Penn, ESPN, ESPN Bet, PENN, SG, Enterprise, SAP, VMWare, Dell, Penn Ent, Interactive, Locations: Bank, CY25, 2H24
However, Disney continues to lose money in its streaming service business, though it has cut those losses compared to last year. The announcement of a planned ESPN service comes one day after ESPN, along with Fox Corporate and Warner Bros. it’s pretty dramatic in terms of the amount of time spent in games,” Iger said on CNBC. Disney’s foray into the video gaming space comes as competitor Netflix also ramps up their expansion into video games. In December, Netflix launched three mobile-friendly games from Grand Theft Auto, one of the best selling video game franchises ever.
Persons: CNN —, Bob Iger, Disney, ” Iger, Taylor, , Iger, , Nelson Peltz, ‘ Fortnite, Alpha, Maruf Organizations: CNN, CNN — Disney, Wall, ESPN, Disney, Hulu, CNBC, Netflix, Fox Corporate, Warner Bros ., , Epic Games, Theft Locations: Hulu, India
Jason Redmond | AFP | Getty ImagesWhen Satya Nadella replaced Steve Ballmer as Microsoft CEO in February 2014, the software company was mired in mediocrity. Many tech industry analysts and investors would say that, thanks largely to Nadella, Microsoft is now set up to be a powerhouse for the foreseeable future. In a 2020 interview, Pat Gelsinger, then CEO of VMware, said offering his company's software on Microsoft's Azure cloud was akin to a "Middle East peace treaty." Nadella is perhaps best known in the tech industry for pushing Microsoft deeper into cloud computing. While some in the younger generations have Microsoft software at work, it's not necessarily what they grew up using and may not be what they prefer.
Persons: Satya Nadella, Bing, Jason Redmond, Steve Ballmer, Aravind Srinivas, Jeff Bezos, Nadella, Aaron Levie, Levie, Larry Ellison, David Paul Morris, Pat Gelsinger, Michael Nathan, Nathan, he'd, He's, Nat Friedman, Friedman, Kevork Djansezian, Ballmer, Kevin Dallas, I've, Dallas, it's, Gen Z, OpenAI's, Commission's Lina Khan, Sam Altman, Altman, OpenAI isn't, hasn't, Jefferies Organizations: Microsoft, AFP, Getty, Apple, Google, Amazon, Oracle Corp, Oracle, Bloomberg, VMware, Intel, Linux, Ballmer, Los Angeles Clippers, Microsoft Corp, Nokia, Activision Blizzard, Adobe, Activision, Federal, U.S . Justice Department, CNBC Locations: Redmond , Washington, San Francisco, Microsoft's, Silicon Valley, Los Angeles , California, U.S, Europe
2023 was a breakout year for generative AI that significantly advanced how companies build and deploy AI-powered products and experiences. Out of the many applications, Twilio selected six exceptional startups that leveraged practical generative AI applications across healthcare, hospitality, logistics, and more. The honorees demonstrated extraordinary advances toward the future of trusted communications and customer engagement and proved the real promise of generative AI. By layering AI technology on top of legacy systems, FleetWorks is able to automate the most time-consuming part of logistics management: live order issue handling. Learn how to transform your communication channels with Twilio and Generative AI by visiting Twilio's website or by tuning into this recent webinar.
Persons: Twilio, Khozema Shipchandler, Brandon Leen, Sinead Bovell, Arist, Arist Arist, Fleetworks, Milo, Smith.ai Smith.ai Organizations: Twilio Ventures, BMO, DoorDash, World Health Organization, OpenAI, Insider Studios
7:08 a.m.: BTIG upgrades Block to buy, bullish on Cash App and Square growth Analyst Andrew Harte upgraded Block to buy from neutral, saying margins are poised to expand. His $85 price target implies shares could gain more than 23%. Braziler's new price target of $72, higher by $10, suggests about 2.7% potential upside over the next 12 months. That is equivalent to $12B revenue or 800k units," wrote analyst Srini Pajjuri. Morgan Stanley raised its price target on Citigroup to $65 from $46, implying upside of 20.1% over the next 12 months.
Persons: Morgan Stanley, Goldman Sachs, Andrew Harte, Harte, Cash, — Pia Singh, Timur Braziler, , Braziler, WAL, Oppenheimer, Brian Nagel, Nagel, Raymond James, Adam Tindle, Tindle, CrowdStrike, Batya Levi, Levi, EBITDA, Raymond James downgrades, Srini Pajjuri, Fred Imbert, Goldman Sachs Morgan Stanley, Betsy Graseck, Graseck, Goldman Organizations: CNBC, Bank of America, Citigroup, UBS, Spotify, Western Alliance, Alliance Bancorp, Palo Alto Networks, AMD, BofA, Global Banking, Markets Locations: Wells Fargo Wells, CY23, Basel
Brothers Liam, 23, and Travis Gerada, 20, were Shopify merchants before they decided to get into the more technical side of e-commerce. They found that running a modern e-commerce business requires many different software integrations that often don't share data with each other, making it difficult to manage and make decisions. Some use Shopify or other platforms like WooCommerce, while others have used Krepling to grow from the ground up. "We found that merchants were typically expanding their e-commerce stack to optimize the cost to reach different consumers across many different channels. Take a look at the 13-slide pitch deck that Krepling used to raise its seed round:
Persons: Liam, Travis Gerada, they're, Krepling, Jason Calacanis, Liam Gerada, Gerada Organizations: Business, Bull City Venture Partners, Ventures, Tribes Ventures, Colabora Ventures, Broadshade Investments Locations: GMV
Read previewGerman startup Ceezer, which helps companies plan, buy, and manage their carbon credit portfolio, has just raised 10.3 million euros, around $11.2 million, in Series A funding. Carbon credit marketplaces and accounting tools boomed in 2021 as large companies rushed to understand and offset their emissions. They were all vying for a slice of the projected $250 billion voluntary carbon market by 2050 , where private companies buy and sell carbon credits. Carbon credits are typically bought after achieving their stated impact, but this requires project developers to have cash upfront to get started, Drewelies said. AdvertisementThe fresh funding, led by HV Capital, will be used to launch new financial products so that project developers can unlock pre-financing.
Persons: , Magnus Drewelies, Drewelies, Ceezer Organizations: Service, Business, Siemens, HV Capital, Norrsken, Picus, Partners Locations: Berlin, New York
This story is available exclusively to Business Insider subscribers. Adventr offers a cloud-based platform that lets users upload assets and connect to their databases to create interactive videos for free. To that end, Harris hopes Adventr will become like the "Photoshop of connected media," where it becomes the standard platform people use to access such technology. Adventr first raised a roughly $5 million seed round in 2021, led by Paladin Capital, with participation from Reinventure Capital, In/Visible Ventures, and music artist John Legend. Check out the investor deck that helped Adventr secure $8 million in seed funding below.
Persons: , Marc Jacobs, Devo Harris, Tom Cruise's, Harris, Adventr, John Legend, Edward Dugger, Dugger Organizations: Service, Business, Amazon, Cisco, Paladin, Reinventure, Ventures Locations: New York
In the following months, business leaders across every industry grappled with executive mandates to quickly build and implement a new AI strategy. Not all AI will be specifically tuned to the requirements you need in an AI solution. Without trust, any AI solution will falter in delivering the results your employees and customers expect and deserve. Any AI solution you want to champion must be accurate every time, the first time, in any challenge you give it. AI solutions in 2024 have incredible potential to automate tasks to make work more efficient, answers more accessible, and reduce cognitive overload.
Persons: Elizabeth Tobey, Organizations: Digital, NICE, Star, Insider Studios Locations: Star
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