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Oracle stock is surging because of AI. That means Oracle cofounder Larry Ellison's net worth is surging. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Even though investors are starting to wonder about all the money companies like Google are spending on AI, they are excited about what all that spending means for Oracle's cloud and database revenue.
Persons: Larry Ellison's, Ellison, David ., Organizations: Paramount, Service, Google
UK's Playtech to sell Italian unit to Flutter for $2.56 bln
  + stars: | 2024-09-17 | by ( ) www.cnbc.com   time to read: 1 min
People walk by a banner outside of the New York Stock Exchange for the initial public offering of Flutter Entertainment, the parent company of FanDuel, on Jan. 29, 2024. British gambling technology firm Playtech has agreed to sell its Italian unit Snaitech for 2.3 billion euros ($2.56 billion), including debt, to the world's largest betting company Flutter Entertainment , the companies said on Tuesday. Flutter - the owner of FanDuel and Paddy Power - said the deal, which is expected to close by the second quarter of 2025, will add to its earnings per share immediately. The deal will see one of Italy's largest gambling companies change hands, leaving Playtech to continue its operations as a business-to-business software provider. The two parties have been in talks regarding Snaitech since August.
Persons: Playtech, Paddy Power Organizations: New York Stock Exchange, Snaitech
While working there, I never felt indifferent toward the company; I either loved or hated it. Amazon felt like an engineer-driven company because technical engineers had control over entire projects versus being assigned small tasks by non-technical managers. As a senior engineer, I ran a training on "customer obsession," one of the main "leadership principles" that define Amazon employees. Because there are so many principles, managers could use them in contradictory ways. Amazon on-call shifts were frustrating and exhaustingAt Amazon, most of our product decisions were based on customers.
Persons: , I've, you've Organizations: Service, Amazon Vancouver, Amazon, Meta, Business, Amazon Web Services, Alexa, . Locations: Amazon Vancouver, Amazonians, Amazon
On the other hand, the company saw $5.09 billion in revenue for the second quarter, under the consensus estimate of $5.2 billion. That overshadowed the company's better-than-expected report for the second quarter. In the second quarter, Nucor earned $2.68 per share on $8.08 billion in revenue, while analysts polled by LSEG anticipated $2.35 a share and $7.69 billion in revenue. Zions earned $1.28 per share in the second quarter, above the $1.10 figure penciled in by analysts polled by LSEG. Calix said it had $198.1 million in revenue for the quarter, while analysts polled by FactSet forecasted $200.8 million.
Persons: FactSet, Nucor, LSEG, Crown, NXP, Zions, Calix, , Darla Mercado Organizations: Cadence, Systems, Crown Holdings, Semiconductors, Revenue, LSEG, SAP —, SAP, FactSet Locations: Cleveland
U.S. Bank Business Triple Cash Rewards World Elite Mastercard review External link Arrow An arrow icon, indicating this redirects the user." U.S. Bank Business Triple Cash Rewards OverviewIf you're looking for a small-business card that earns rewards in popular bonus categories, the U.S. Bank Business Triple Cash Rewards World Elite Mastercard is a great one to consider. U.S. Bank Business Triple Cash Benefits and FeaturesThe main benefit of the U.S. Bank Business Triple Cash Rewards World Elite Mastercard is the bonus categories and welcome bonus, but there are a few other benefits you should know about. U.S. Bank Business Triple Cash Fees and CostsThe U.S. Bank Business Triple Cash Rewards World Elite Mastercard doesn't have an annual fee but there's a 3% foreign transaction fee, so it's not an ideal card to use abroad. U.S. Bank Business Triple Cash Frequently Asked QuestionsIs the U.S. Business Triple Cash worth it?
Persons: There's, you'll, That's, Cardholders Organizations: Business Insider, U.S . Bank Business, Cash, Mastercard, Rewards, EV, Bank Rewards, U.S, Bank, Gas, . Bank Business, U.S . Bank Business Triple Cash, U.S . Business Triple Cash, U.S . Business, . Bank Locations: U.S
HubSpot CEO Yamini Rangan speaks at the company's Inbound conference in Boston on Sept. 6, 2023. HubSpot shares plunged 11% on Wednesday after a report said Alphabet isn't going forward with plans to buy the software company. Representatives of HubSpot and Google's parent company didn't immediately respond to a request for comment. HubSpot develops software that companies, largely small and medium-sized businesses, use to automate marketing and reach prospective customers. Buying HubSpot would have helped Google grow revenue from business software, alongside cloud infrastructure, as well as other non-cloud businesses under the Alphabet umbrella.
Persons: Yamini Rangan, didn't, HubSpot, Read Organizations: Bloomberg, HubSpot, Microsoft, Activision Blizzard, Google, Revenue, U.S . Justice Department, Motorola Mobility Locations: Boston, U.S
HubSpot CEO Yamini Rangan speaks at the company's Inbound conference in Boston on Sept. 6, 2023. HubSpot shares plunged 12% on Wednesday after a report said Alphabet isn't going forward with plans to buy the software company. Representatives for HubSpot and Google parent Alphabet didn't immediately respond to requests for comment. HubSpot develops software that companies, mostly small and medium-sized businesses, use to automate marketing and reach prospective customers. Buying HubSpot would have helped Google grow revenue from business software, alongside cloud infrastructure, as well as other non-cloud businesses under the Alphabet umbrella.
Persons: Yamini Rangan, HubSpot, Read Organizations: Bloomberg, HubSpot, Microsoft, Activision Blizzard, Google, Revenue, U.S . Justice Department, Motorola Mobility Locations: Boston, U.S
Nike — The athletic apparel giant plummeted 19% after the firm posted fourth-quarter revenue of $12.61 billion, which came below the $12.84 billion forecast by analysts surveyed by LSEG. Trump Media & Technology — Shares of Trump Media & Technology Group declined about 2%, reversing an earlier gain on the heels of the first presidential debate between former President Donald Trump and President Joe Biden. Infinera — Shares of the networking solutions supplier rallied 18% after Nokia announced its plans to acquire the company for $2.3 billion. Kura Sushi USA — The sushi company plunged 25% after posting disappointing preliminary revenue figures for the third quarter. Digital Realty Trust — The real estate investment trust moved 2% higher following an upgrade at JPMorgan to overweight from neutral.
Persons: Donald Trump, Joe Biden, Infinera, Baird, Brennan Crowley, — CNBC's Michelle Fox, Alex Harring, Samantha Subin Organizations: Nike, LSEG, Trump Media & Technology, Trump Media & Technology Group, Nokia, SAP —, BMO Capital, Digital Realty Trust, JPMorgan, Realty Trust
The plan focuses on Microsoft 365, a popular suite of productivity software used by thousands of businesses. This is a big risk for the company because Microsoft 365 has been an important source of revenue and growth, even without fancy new AI capabilities. The problem was that Microsoft salespeople started to pitch E5 as the last business software suite that customers would need to buy. AdvertisementA "spiritual successor"The generative AI boom, and Microsoft's early lead here, have increased the chances that a new 365 bundle will emerge soon. Microsoft has new AI tools that it can integrate with 365 and use that to persuade customers to upgrade their software bundle.
Persons: , Satya Nadella, Jared Spataro's, Microsoft salespeople, it's, Slack Organizations: Service, Microsoft, Business, Microsoft's Productivity, Processes, Sharepoint, European Commission, EU Locations: Capex
The plan focuses on Microsoft 365, a popular suite of productivity software used by thousands of businesses. This is a big risk for the company because Microsoft 365 has been an important source of revenue and growth, even without fancy new AI capabilities. The problem was that Microsoft salespeople started to pitch E5 as the last business software suite that customers would need to buy. AdvertisementA "spiritual successor"The generative AI boom, and Microsoft's early lead here, have increased the chances that a new 365 bundle will emerge soon. Microsoft has new AI tools that it can integrate with 365 and use that to persuade customers to upgrade their software bundle.
Persons: , Satya Nadella, Jared Spataro's, Microsoft salespeople, it's, Slack Organizations: Service, Microsoft, Business, Microsoft's Productivity, Processes, Sharepoint, European Commission, EU Locations: Capex
X bans the promotion or glorification of violence and has previously applied the policy to racist and antisemitic content. Before Wednesday, X appeared to have blocked at least three antisemitic hashtags, according to searches of the platform. After NBC News contacted X about the hashtags, 12 of 50 hashtags appeared to be blocked. Of the 50 reviewed hashtags, searches on X for 45 of them returned recent racist or antisemitic posts. On TikTok, 10 of the 50 hashtags returned racist or antisemitic posts, with the rest either blocked or producing other content.
Persons: Elon Musk, Tesla, Elon, Musk, X, hashtags, Adolf Hitler, Anika Collier Navaroli, TikTok, Instagram, Meta, Darren Linvill, Linvill, Megan Squire, it's Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, NBC News, Twitter, NBC, Tow Center, Digital Journalism, Columbia University, Musk, Disney, Hyundai, Social, Tech, Meta, Clemson University's, Hitler, Nazi, Southern Poverty Law Center Locations: Beverly Hills , California, Europe
The information for the following product(s) has been collected independently by Business Insider: Capital One Spark 1% Classic†, Bank of America Business Advantage Unlimited Cash Rewards Secured Business Credit Card, FNBO Business Edition® Secured Mastercard® Credit Card, Capital One Spark Cash Select for Excellent Credit†. Introduction to the Capital One Spark 1% ClassicThe Capital One Spark 1% Classic† credit card is designed for small business owners with fair credit who need a business credit card for company purchases, bookkeeping and tax preparation management. Capital One Spark 1% Classic OverviewThe Capital One Spark 1% Classic† could be considered the entry level card in Capital One's line of small business cards, which are all branded with Spark name. Spark vs. QuicksilverMany people online compared the Capital One Spark business cards to the consumer-targeted Capital One Quicksilver cards. Capital One Spark 1% Classic Frequently Asked QuestionsWhat are the main features of the Capital One Spark Classic card?
Persons: Cardholders, it's, cardholders, Redditors, Jason Steele Jason Steele, Jason, Miles, Guy, Read, Angela Fung Organizations: Business, Bank of America Business, Credit, Mastercard, Capital, Accounting, Business Management, Abacus, Travel Insurance, Quicksilver, Chevron, Conference, Credit Card Media, Finance Locations: One's, Xero, Chevron, Denver , Colorado
Every HR professional and hiring manager I spoke with — whose lives are supposedly made easier by Workday — described Workday with a sense of cosmic exasperation. "Workday does not have oversight or control of our customers' job application processes.") If candidates hate Workday, if employees hate Workday, if HR people and managers processing and assessing those candidates and employees through Workday hate Workday — if Workday is the most annoying part of so many workers' workdays — how is Workday everywhere? (Workday's "customers choose the frequency at which they conduct reviews, not Workday," said the spokesperson.) "HR software sucking" is a big tent.
Persons: you'd, Workday's, , David Duffield, Teladoc, UKG, Cory Doctorow, It's, He'd, Matt Alston's, Stone Organizations: Fortune, Netflix, Goodwill, Spotify, Washington Post, Ohio State University, FedEx, Nintendo, Honda, LinkedIn, IBM, Oracle, Bank of America, Automation, Rippling, Systems, Facebook, Wired Locations: San Francisco, Amazon's, It's, Bonusly, Maine
It was remarkable, given that inflation was elevated and interest rates were at their highest in two decades. “With the job market and economy holding strong, consumers could continue spending on these tours – and there’s certainly still demand,” Liz Anderson, a content strategist at jobs site Appcast, said in a statement to CNN. Beyoncé released “Cowboy Carter” on March 29, her eighth studio album featuring 27 tracks rooted in country music. Swift released her eleventh studio album, “The Tortured Poets Department,” Friday, and it soared past Beyoncé’s streaming record in just a few hours, becoming Spotify’s most streamed album in a single day of 2024. Swift’s latest set of music was released a “double album,” consisting of 15 extra tracks.
Persons: Washington CNN — Taylor Swift, Swift, Olivia Rodrigo, Bad, there’s, Liz Anderson, , Taylor Swift, Beyoncé, , Bruce Springsteen, Coldplay, Carter ”, hasn’t, Pawan Joshi, “ We’re, , Jeanelle Johnson Organizations: Washington CNN, Coachella Valley Music and Arts, Billboard, Federal, CNN, Poets Department, International Monetary Fund, PricewaterhouseCoopers Locations: Coachella, States
Best 0% Intro APR Business Credit CardsU.S. Bank Business Triple Cash Rewards World Elite Mastercard® : Best overall for high rewards and long 0% intro APR: Best overall for high rewards and long 0% intro APR Ink Business Cash® Credit Card: Best welcome offerThe American Express Blue Business Cash™ Card: Best for easy rewardsThe Blue Business® Plus Credit Card from American Express: Best for flexible rewardsU.S. Bank Business Platinum Card: Best for balance transfersBank of America® Business Advantage Customized Cash Rewards Mastercard® credit card : Up to 5.25% cash back for Bank of America Preferred Rewards for Business customersCompare the Best 0% APR Business Credit CardsBest for generous cash back rewards and long 0% APR U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Insider’s Rating Info icon Insider's Ratings are decided by our editorial team. Features to Look For in 0% APR Business Credit CardsThe best 0% APR business credit cards either offer generous terms for zero interest, or high rewards for spending on the credit card. 0% APR Business Credit Card Frequently Asked QuestionsDo 0% APR business credit cards exist? Yes, many 0% APR business credit cards allow balance transfers from other credit cards, including business cards. While using more of your available credit can impact your credit and credit score, this doesn't typically apply to business credit cards.
Persons: you'll, APRs, Cash, you've, You've, Cardholders, cardholders, They'll Organizations: Business Insider, U.S . Bank Business, Cash, Mastercard, Bank of America, Cards, Bank Business, American Express, Bank, of America, Rewards, EV, Ink, FDIC, Express, U.S . Bank, Business, U.S, Chase, . Bank, Chevron Locations: Chevron
Producer David Ellison is trying to take control of Paramount, the troubled media company. Ellison's father, Oracle founder Larry Ellison, is expected to help finance the proposed deal. AdvertisementDavid Ellison is a Hollywood producer who looks increasingly likely to become the new owner of Paramount. David Ellison is also the son of Larry Ellison, who founded business software behemoth Oracle Corp. and is the fifth-richest man in the world. This story is available exclusively to Business Insider subscribers.
Persons: David Ellison, Ellison's, Larry Ellison, , Ellison, Shari Redstone Organizations: Paramount, Oracle, Service, behemoth Oracle Corp, Business Locations: Hollywood
US government agencies are already banned from using Kaspersky Lab software but action to prevent private companies from using the software would be unprecedented. It’s the latest US government effort to use its vast regulatory powers to prevent Americans from using popular technology that US officials consider a national security risk. A Kaspersky Lab spokesperson did not respond to questions about a potential prohibition or about how big the company’s market share is in the US. Commerce Department officials have to carefully consider how practical any such regulation would be for the department to enforce and for users to comply with. But the expected move from the Biden administration would go a step further by using Commerce Department authorities to prevent private companies from using Kaspersky Lab software.
Persons: CNN —, Biden, Joe Biden, Donald Trump, Kaspersky, Trump, , ” Henry Young, Young, Eugene Kaspersky, ” Kaspersky, hasn’t, Harold Martin, ” CNN’s Zachary Cohen, Phil Mattingly, Evan Perez Organizations: CNN, Commerce Department, Kaspersky, Commerce, Trump, Emergency Economic, Street, Companies “, Business Software Alliance, Department, McAfee, Symantec, Lab, , Russian Ministry of Defense, West, National Security Agency, Politico, NSA, Wall Street Locations: Russian, America, Commerce, Moscow, Russia, Israel, Eugene, Ukraine
Microsoft unbundles, againMicrosoft is separating Teams, its popular video and chat app, from its Office software suite in markets around the world, broadening a split that began in the European Union last fall. It appears to be the latest effort by the software giant to head off investigations by global antitrust enforcers as regulators examine the power of Big Tech. Microsoft first added the video and document collaboration program to its business software suite in 2017, and saw Teams’s popularity soar after the coronavirus pandemic unleashed a boom in hybrid and remote working. At the height of the lockdown in 2020, Slack filed a complaint with the European Commission accusing Microsoft of anticompetitive behavior by bundling Teams with Office. (Three months later, Slack agreed to sell itself to Salesforce for $27.7 billion.)
Persons: Microsoft unbundles, Slack, Eric Yuan Organizations: Microsoft, European Union, Big Tech, Rivals, Commission
Many other business software providers have looked to quickly introduce tools that utilize generative AI, or update their existing ones with it. The utilization of AI more broadly is nothing new for CFOs, with tools like predictive AI being used by most companies to help with core tasks. But this new wave of generative AI presents a different opportunity, and Weaver said the focus on generative AI across industries has frantically increased in the last year. However, he added that there is a challenge when it comes to generative AI tools: creating auditable processes or being able to visually inspect the processes to ensure the data or conclusions are correct. Hrncirik said that the message within Microsoft is that generative AI is a "new skill that we have to develop."
Persons: Jensen Huang, CNBC's Jim Cramer, Cory Hrncirik, Amy Weaver, Weaver, Mark McDonald, Gina Gutzeit, McDonald, we've, isn't, Hrncirik, it's, CFOs, Gutzeit Organizations: Microsoft, Nvidia, Johnson, GE Healthcare, CNBC, Microsoft's, Gartner, FTI Consulting, Solutions Locations: Krakow, Poland
He was able to scale the business to more than $600,000 in revenue by 2018, when he graduated from high school. Before the internet, starting a business was a serious hassle. The problem wasn't that people weren't interested in starting a business: A 2016 EY study found that 62% of 18- to 34-year-olds had toyed with venturing into business ownership. That has made starting a business all the more appealing — and affordable — for prospective entrepreneurs. And with the plethora of digital tools we have today, starting a business is more accessible than ever.
Persons: Luke Lintz, Lintz, Bernhard Schroeder, Schroeder, Gen Zers, , Martin Warner, Warner, GoDaddy, HighKey, Nicki Minaj, Kevin Hart, Khloé Kardashian, Tom Peters, Peters, " Schroeder, ZenBusiness, Gen, Zers, he'd Organizations: Apple, Shipping, Lavin Entrepreneurship, San Diego State University, Entrepreneurship, Dynamics Statistics, Business, Fast Company, Small Business Administration Locations: North America, China
"In our mind, these debt-funded bitcoin purchases add froth to the current crypto rally by raising the risk of severe deleveraging in a potential downturn in the future," he added. MicroStrategy raised $604 million from the sale of converts on March 18, and another $800 million on March 8 . The latest purchases mark an acceleration from the fourth quarter pace, when MicroStrategy bought more than $1 billion of bitcoin. Originally launched as an enterprise business software company, Microstrategy has been buying bitcoin and holding them on its balance sheet since 2020. It largely trades as a proxy for the price of bitcoin, and in February of this year leaned into that, rebranding itself a Bitcoin development company.
Persons: JPMorgan's Marko Kolanovic, MicroStrategy, Microstrategy, Kolanovic, bitcoin, — CNBC's Michael Bloom Organizations: Momentum Locations: bitcoin, cryptocurrencies
Check out the companies making the biggest moves in premarket trading: Rivian Automotive — The EV stock added nearly 4% following an upgrade by Piper Sandler to overweight . Adobe — Shares fell 11% a day after the software company issued weak revenue guidance for its current quarter. Ulta Beauty — Shares tumbled 6.5% a day after the beauty retailer issued full-year earnings guidance that came in on the low end of the consensus forecast. Revenue guidance is in the range of $110.5 million and $112.5 million also below the $113.4 million analyst expectation. Revenue guidance also fell short.
Persons: Piper Sandler, Alexander Potter, Ulta, bitcoin, amortization, Zumiez, , Sarah Min Organizations: Micron Technology, Citi, Micron, Adobe Locations: cryptocurrencies, FactSet
Adobe — Shares slipped 15% after the software company issued weak revenue guidance for its current quarter. Revenue guidance came out in the range between $110.5 million and $112.5 million, also below the $113.4 million expectation from analysts. Smartsheet — The business software provider retreated by 3.2% after posting revenue guidance that was worse than analysts expected. Ulta Beauty — Shares edged lower by 5.3% after the beauty products retailer posted disappointing full-year earnings guidance. Steel Dynamics — Shares of the Indiana-based steelmaker rose more than 2% after strong earnings guidance for the first quarter.
Persons: Geron, Piper Sandler, Jabil, PagerDuty, Smartsheet, Ulta, Stocks, cryptocurrencies, bitcoin, MicroStrategy, Cardlytics, , Alex Harring, Jesse Pound, Lisa Kailai Han, Michelle Fox Theobald Organizations: Geron, U.S, Food, Drug Administration, Micron Technology, Citi, Micron, Adobe, FactSet, Marathon, Steel, Steel Dynamics, Wall Street Locations: Indiana
Despite that, Adobe beat analysts' predictions on both lines in its fiscal first quarter and announced a $25 billion share buyback. Ulta — The beauty retailer slipped 5% as full-year earnings expectations came in on the low end of Wall Street's forecast. Ulta said to anticipate between $26 and $27 per share for earnings over the entire year. Smartsheet — The business software provider retreated by 7% as revenue guidance underwhelmed Wall Street. Meanwhile, analysts polled by FactSet forecast $262.3 million in revenue for the quarter and $1.14 billion for the year.
Persons: Ulta, Cardlytics, Zumiez, FactSet, Smartsheet Organizations: Adobe, LSEG, Wall, FactSet
Growing, rather than maintaining the dividend, is the next big step for tech companies kicking off these payments. About 85% of analysts rate Meta a buy or a strong buy, but they see less than 4% upside from here, per LSEG, formerly known as Refinitiv. Salesforce's board declared a cash dividend of 40 cents per share, payable on April 11 to stockholders of record as of March 14. In all, about 72% of analysts covering Salesforce say it's a buy or a strong buy, and the average price target suggests about 5% upside from here, per LSEG. Nearly two-thirds of analysts covering the stock deem it a buy or a strong buy, and the average price target implies 12% of upside, according to LSEG.
Persons: Charlie Gaffney, Gaffney, Eaton Vance, there's, Meta, Salesforce's Organizations: Morgan Stanley Investment Management, CNBC, Booking Holdings, Meta, Holdings, Google
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