DIRS.INFO The most relevant business & tech news

☆ 10 things to watch in the stock market Friday including a bullish call on Best Buy
▼ + stars: | 2024-09-27 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

We raised our price target on the stock. Best Buy was added to JPMorgan's analyst focus list after a meeting with the electronics and appliance retailer's management team. Deutsche Bank restarted coverage of Dell Technologies with a buy rating and price target of $144 a share. 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: Bristol Myers, Morgan Stanley, Wynn, Jim Cramer, Dan Ives, Jim Cramer's, Jim Organizations: Club, Costco, Drug Administration, Bristol, Bristol Myers Squibb, Wynn Resorts, United Arab, Citigroup, Analysts, Walmart, Deutsche Bank, Dell Technologies, PepsiCo, HP Inc, Bank of America, HP, Wedbush Securities, Jim's, Jim Cramer's Charitable, CNBC Locations: what's, New Jersey, Las Vegas, United Arab Emirates, China, Macau

☆ Extra legroom, assigned seats, overnight flights: Inside Southwest Airlines' plan for its future
▼ + stars: | 2024-09-26 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +6 min

DALLAS — Southwest Airlines executives on Thursday outlined for Wall Street their vision to boost profits: extra legroom seats starting in 2026, assigned seating, international partnerships and overnight flights. Southwest’s new plan comes as its leaders seeks to fend off activist Elliott Investment Management, which has called for leadership changes. He had served as CEO of AirTran, the airline Southwest combined with in 2011, and was a consultant to Southwest after the merger. Southwest has supported Jordan despite calls for his replacement by Elliott, which didn’t immediately respond to the airline’s plan it laid out on Thursday. He called Southwest’s plan intentional and detailed.

Persons: ”, Ryan Green, “, Bob Fornaro, Fornaro, Bob Jordan, Jordan, Elliott, didn’t, ” Jordan, “ We’ve, — CNBC’s Rohan Goswami Organizations: DALLAS, Southwest Airlines, Wall, Elliott Investment Management, Federal Aviation Administration, Southwest, Spirit Airlines, AirTran, Boeing Locations: Southwest, Atlanta, Dallas, Hawaii

☆ Why the NFL has TV executives freaking out over 2029
▼ + stars: | 2024-09-26 | by ( Alex Sherman | Alex Sherman Covers Media For Cnbc. | ) www.nbcnews.com time to read: +4 min

That means that after the 2029 Super Bowl, the NFL has the right to completely rejigger the media landscape, if it so chooses. NFL games last year were 93 of the top 100 most-watched TV broadcasts. But I also know that some legacy media executives are already thinking about 2029 and brainstorming internally about how they can afford to compete against the tech giants for NFL games. The NBA, in its most recent rights deal, only wanted three media packages to help with consumer confusion and subscription fatigue. Given how popular NFL games are versus everything else on TV, the architecture of the NFL rights is the single biggest decision in the American media industry.

Persons: NBCUniversal’s Peacock, HBO Max, hadn’t, it’s, It’s, “, ”, MoffettNathanson’s Robert Fishman Organizations: Disney, YouTube, NFL, Paramount, HBO, CNBC, Netflix, Google, Apple, CBS, Fox, NBC, Bengals, Chiefs, Amazon, NBA, Amazon Prime Locations: U.S

Read previewIt could be the end of an era for publishers on Snapchat. A fourth said any time publishers get mixed up with creators, it's bad for publishers, adding that their Snapchat revenue was already in decline so the platform had become less of a focus. A few years later, as user-generated content became dominant on social apps like TikTok, the company shifted focus to individual content creators. Advertisement"The way they're structured now is less built to over cater to traditional publishers," a fifth Snap publisher exec said. ESPN on Snapchat Discover SnapchatSome publishers have shifted resources away from Snapchat during a challenging period for the media business as a whole.

Persons: —, Snapchat Snapchat, it's, Evan Spiegel, Presley Ann, Getty, Snap's, Spiegel, Digiday, influencers, Ben Reininga, Sophie Crowther, There's, Ben Jeffries Organizations: Service, Big Tech, Business, Publishers, Meta, Google, ESPN, The Daily Mail, CNN, Snapchat, Harvard University, Dollar Locations: Snapchat

But the news wasn't greeted warmly in some corners of media, as it raised concerns that Snapchat might become the latest in a line of Big Tech platforms to deprioritize traditional media publishers in favor of creators. A fourth said any time publishers get mixed up with creators, it's bad for publishers, adding that their Snapchat revenue was already in decline so the platform had become less of a focus. A few years later, as user-generated content became dominant on social apps like TikTok, the company shifted focus to individual content creators. Advertisement"The way they're structured now is less built to over cater to traditional publishers," a fifth Snap publisher exec said. ESPN on Snapchat Discover SnapchatSome publishers have shifted resources away from Snapchat during a challenging period for the media business as a whole.

☆ AI leaders are reacting to OpenAI's wild 24 hours with a mix of schadenfreude and concern
▼ + stars: | 2024-09-26 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

It's been a wild 24 hours at OpenAI. Meanwhile, CEO Sam Altman said Thursday the exec departures were unrelated to restructuring talks. AdvertisementIt's been a wild 24 hours at OpenAI, with three high-level execs leaving the company — including CTO Mira Murati — and reports it's restructuring as a for-profit benefit corporation. Speaking at Italian Tech Week Thursday, OpenAI CEO Sam Altman said the executive departures and restructuring talks were unrelated. "I obviously won't pretend it's natural for this one to be so abrupt, but we are not a normal company," he wrote.

Persons: It's, Sam Altman, —, Mira Murati —, Sam Altman's, execs, Altman, Elon Musk, Gary Marcus —, Altman —, Sora hasn't, Marcus, Nicolas Miailhe, Miailhe, I've, it's, Mark Chen, Bob McGrew Organizations: Service, Italian Tech, OpenAI, Bloomberg, Reuters, Geometric Intelligence, Future Society Locations: —

☆ Sam Altman faces scrutiny amid massive OpenAI shakeup
▼ + stars: | 2024-09-26 | 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 EmailSam Altman faces scrutiny amid massive OpenAI shakeupCNBC's Kate Rooney and Deirdre Bosa report on top executives departing from OpenAI, the shift in the company's vision, and the scrutiny CEO Sam Altman is now facing.

Persons: Sam Altman, CNBC's Kate Rooney, Deirdre Bosa Locations: OpenAI

☆ Kamala Harris likely to win election, despite Trump being better on inflation, economy: CNBC CFO survey
▼ + stars: | 2024-09-26 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +2 min

A majority of chief financial officers (55%) say Harris will win the election, according to the Q3 CNBC CFO Council Survey. That's a reversal from the prior CFO survey in Q2 (when President Joe Biden was still the candidate) and a majority of CFOs (58%) believed Trump would win. In the Q2 CFO survey, 29% of executives said they were unsure who would win. The majority belief that Harris will win comes despite an equal majority of CFOs (55%) telling the survey that Trump is better on inflation and for the economy. The CNBC CFO Council Survey was conducted between August 19 and September 19, a period which included the presidential debate.

Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, Trump, CFOs, MSNBC's Stephanie Ruhle Organizations: CNBC, Survey, Trump, Trade, GOP, Economic Club of Pittsburgh Locations: America, United States, CFOs

☆ OpenAI CFO tells investors funding round should close by next week despite executive departures
▼ + stars: | 2024-09-26 | by ( Kate Rooney | ) www.cnbc.com time to read: +2 min

OpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in a strong position and is poised to close a big funding round soon, despite losing top talent this week. In an email to OpenAI's investors seen by CNBC, Friar addressed the departure of Chief Technology Officer Mira Murati, who announced her departure on Wednesday. "I wanted to personally reach out following the news of Mira's departure from OpenAI," Friar wrote in the letter, which was viewed by CNBC. Friar said in the email that the funding round was oversubscribed and would close by next week. "Collectively, we remain laser-focused on bringing AI to everyone and building sustainable revenue models that fuel our operations and deliver value to our investors and employees," Friar wrote.

Persons: Sarah Friar, Friar, Mira Murati, Sam Altman, Bob McGrew, Barret Zoph, she's, OpenAI, Altman, Murati Organizations: CNBC, Microsoft, Apple Locations: OpenAI, San Francisco

☆ CNBC Sport: Why television executives are freaking out over 2029
▼ + stars: | 2024-09-26 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +1 min

A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sources tell me the opt-out also affects "Sunday Ticket," the league's out-of-market package for which Alphabet's YouTube paid about $2 billion. That means that after the 2029 Super Bowl, the NFL has the right to completely rejigger the media landscape, if it so chooses. Five years is a lifetime in the media industry given the rapid pace of change. I don't think it's hyperbole to say 2029 could be the end of the modern media era.

Persons: Alex Sherman, NBCUniversal's Peacock, HBO Max, hadn't, it's Organizations: CNBC, Disney, YouTube, NFL, Paramount, HBO, Netflix, Google, Apple Locations: U.S

☆ We're upping our price target on Costco after another steady quarter fortifies our thesis
▼ + stars: | 2024-09-26 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

The report didn't blow us away, but it still offered plenty of reminders on why Costco investors should stick around. Total revenue in its fiscal 2024 fourth quarter totaled $79.7 billion, missing analysts' expectations of $79.97 billion, according to estimates compiled by LSEG. Costco has succeeded for decades, but the high inflation of recent years has made the company's value-focused ethos really shine. Put it all together, we're increasing our price target on the stock to $950 a share from $875. In the quarter, Costco's membership renewal rate in the U.S. and Canada came in at 92.9%, a tick lower than the 93% rate observed in the third fiscal quarter, while worldwide held constant at 90.5%.

Persons: Gary Millerchip, Ron Vachris, Millerchip, it's, Kirkland, Costco's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Costco, LSEG, Wholesale, Walmart, Club, Amazon, Costco's, Kirkland, Kirkland Signature, Management, U.S, CNBC Locations: Costco's, Yemen, U.S, Canada, Maine, Richmond , California

☆ OpenAI has 4 big challenges it needs to conquer in its quest for AI dominance
▼ + stars: | 2024-09-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +9 min

OpenAI bleeds C-suite executivesAs OpenAI chases a massive fundraising round, the startup continues to deal with a staff exodus. The nonprofit side of OpenAI will still exist and have a minority stake in the for-profit company, the sources told Reuters. "Given the ambitions of OpenAI, a non-profit structure has been too constraining. AdvertisementThe debate over whether OpenAI should be a for-profit company has been a bone of contention for one very vocal tech industry bigwig — Elon Musk. Park, the corporate law expert, told BI that the for-profit governance structure could also leave OpenAI vulnerable to greater government scrutiny.

Persons: —, OpenAI, Mira Murati, Sam Altman's, Murati, Barret Zoph, Bob McGrew, Altman, Greg Brockman, Wojciech Zaremba, Brockman, Ilya Sutskever, John Schulman, Peter Deng, Sutskever, James, I'd, Slack, Gene Munster, She's, Mira, — Elon, Musk, Gary Marcus, Marcus, Musk's, Mark Zuckerberg, xAI, Sam Altman, Munster Organizations: Service, Technology, Business, Microsoft, Nvidia, Wired, University of California, OpenAI, Bloomberg, Deepwater Asset Management, Reuters, Intelligence, Guardian, Meta Locations: It's, OpenAI, Los Angeles

☆ Southwest will never be the same again
▼ + stars: | 2024-09-26 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

Both regular and enhanced seats will be available for selection at booking, starting in 2025 for flights in early 2026, Southwest said. Southwest AirlinesSouthwest has already announced an improved cabin with tablet holders, charging ports, upgraded overhead bins, and better WiFi. The cabin improvements come as Southwest plans to cut some short-haul flying in favor of more lucrative long-haul operations. Southwest left four airports altogether in August: Bellingham International Airport in Washington, Mexico's Cozumel International Airport, Houston's George Bush Intercontinental Airport, and Syracuse Hancock International Airport in New York. This means Icelandair passengers can connect in the US on Southwest flights, and vice versa.

Persons: —, Chicago's O'Hare, Houston's George, Icelandair Organizations: Service, Southwest Airlines, Business, Southwest, Southwest Airlines Southwest, Delta Air Lines, Bellingham International Airport, Houston's George Bush Intercontinental Airport, Syracuse Hancock International, Washington International Locations: Southwest, Atlanta, Bellingham, Washington, Cozumel, New York, Nashville, Baltimore

☆ Southwest Airlines raises summer revenue forecast, authorizes $2.5 billion in share buyback
▼ + stars: | 2024-09-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

DALLAS — Southwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board authorized $2.5 billion in share buybacks and detailed a host of changes to its business model as it seeks to fend off activist Elliott Investment Management. Southwest executives are presenting their vision for the company's future at the airline's Dallas headquarters on Thursday in an investor day presentation. Southwest executives will try to convince investors that it is on the right track to boost profits and increase revenue. A day earlier, Southwest told staff it will slash its service in Atlanta next year and could cut more than 300 flight attendants and pilots from the city in an effort to reduce costs. Elliott later told Southwest mechanics' union that it still wanted a leadership change at the top of the carrier.

Persons: Bob Fornaro, Fornaro, Bob Jordan, Elliott, Gary Kelly, didn't, — CNBC's Rohan Goswami Organizations: DALLAS, Airlines, Elliott Investment Management, Spirit Airlines, Southwest, AirTran, Dallas Locations: Atlanta

☆ Google’s productivity expert: The No. 1 skill that gives successful employees a competitive edge
▼ + stars: | 2024-09-26 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

It's her job to help employees and C-suite leaders at the tech giant get more done — without burning out. The most productive people share one skill that gives them a competitive edge in the workplace, according to Martin: setting specific, concrete priorities instead of vague, indefinite goals. Martin suggests choosing three priorities to focus on at a time as "very few of us can focus on 10 large things." Martin encourages people to visualize their tasks like rocks, pebbles and sand in a jar. In some cases — like a client emergency or an assignment from your boss — you'll have to shift your focus.

Persons: Laura Mae Martin, Martin, It's, — you'll

☆ Sam Altman tells OpenAI staff there's no plan for him to receive 'giant equity stake' in company
▼ + stars: | 2024-09-26 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. At an all-hands meeting on Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a "giant equity stake" in the company, calling that information "just not true," according to a person who was in attendance. Regarding his potentially attaining an equity stake, Altman said, "There are no current plans here," the person said. Altman said the departures were not related to the company's potential restructuring, contrary to some media reports. Days later, Altman was back at the company and Murati moved from interim CEO back to the role of CTO.

Persons: Sam Altman, Altman, Sarah Friar, Bret Taylor, Sam, Taylor, Mira Murati, Bob McGrew, Barret Zoph, Murati, OpenAI, Ilya Sutskever, Jan Leike, John Schulman, Anthropic, it's Organizations: OpenAI, CNBC, Italian Tech, Microsoft, Tiger Global Locations: Turin, Italy

☆ FDA approves Bristol Myers Squibb's schizophrenia drug, the first new type of treatment in decades
▼ + stars: | 2024-09-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

The Food and Drug Administration on Thursday approved Bristol Myers Squibb 's highly anticipated schizophrenia drug Cobenfy, the first novel type of treatment for the debilitating, chronic mental disorder in more than seven decades. Bristol Myers Squibb expects the twice-daily pill, which will be sold under the brand name Cobenfy, to be available in late October, executives told CNBC. Cobenfy could also be a huge long-term sales opportunity for Bristol Myers Squibb, which faces pressure to offset the potential loss of revenue from top-selling treatments that will see their patents expire. But they said the drug will likely have a slow launch, so it may not meaningfully contribute to Bristol Myers Squibb's top line in 2024 and 2025. "We've helped people, we've improved outcomes, we've provided caregivers and physicians with another tool that they can use."

Persons: Bristol Myers, Cobenfy, Guggenheim, doesn't, Andrew Miller, We've, we've Organizations: Drug Administration, Bristol, Bristol Myers Squibb, CNBC, Karuna Therapeutics Locations: U.S

☆ OpenAI may restructure into a for-profit business as two top executives depart
▼ + stars: | 2024-09-26 | by ( Kate Rooney | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI may restructure into a for-profit business as two top executives departCNBC's Kate Rooney joins 'Squawk on the Street' to report on OpenAI's new restructuring plan, several top executives departing the company, and more.

Persons: CNBC's Kate Rooney

☆ Newsmax faces ‘bet-your-company’ defamation trial over 2020 election lies
▼ + stars: | 2024-09-26 | by ( Marshall Cohen | ) edition.cnn.com time to read: +8 min

Washington CNN —Jury selection is set to begin Thursday in a closely watched defamation trial pitting voting technology company Smartmatic against the right-wing cable network Newsmax, in a high-stakes case over the airing of false 2020 election claims. The Newsmax case revolves around the same false claims, championed by former President Donald Trump and his Republican allies, that the 2020 election was rigged by Smartmatic software and others. The Florida-based company sued Newsmax and other right-wing outlets and figures in 2021, alleging that its reputation was destroyed by the lies. The Newsmax case will test the legal limits of publishing lies about the 2020 election, and the trial will play out during the final stretch of the 2024 campaign. ‘Dozens’ of defamatory reportsAfter mainstream news outlets – and even Fox News – projected that Democratic nominee Joe Biden would win the 2020 election, Trump and his surrogates falsely claimed that he won.

Persons: Donald Trump, Newsmax, “, ”, ” Howard Cooper, Eric Davis, Davis, it’s, Katie Townsend, Smartmatic, Joe Biden, Trump, Chris Ruddy, Biden, wasn’t, Sidney Powell, ” Sidney Powell, Rudy Giuliani, Sarah Silbiger, Greg Kelly, Powell, Chris Salcedo, Smartmatic “, John Bachman, Smartmatic’s, Bachman, Liz Harrington, Ruddy, Kelly, Salcedo, Eric Robinson, ” Newsmax, Bill Daddi, ” Smartmatic’s, Erik Connolly, “ …, Bob Sellers, Emerald Robinson Organizations: Washington CNN, Delaware Superior Court, Fox News, Voting Systems, Republican, Trump, Freedom, Press, Fox, Democratic, The Washington Post, Republican National Committee, ”, Newsmax, University of South, Electoral College ” Locations: Delaware Superior, The Florida, Wilmington , Delaware, New York, Los Angeles County, University of South Carolina, Philippines, Venezuela

☆ From passion to profit: OpenAI's latest shakeup shows the AI race is about who has the deepest pockets
▼ + stars: | 2024-09-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Altman could reportedly receive a 7% equity stake, which would be worth about $10.5 billion at OpenAI's new valuation. In March, The New York Times reported Murati raised concerns about Altman's leadership style to the board before the ouster. Barret Zoph, the company's vice president of research, and Bob McGrew, OpenAI's chief research officer, are also departing the startup, Altman announced on X . "I obviously won't pretend it's natural for this one to be so abrupt, but we are not a normal company," Altman wrote.

Persons: —, Sam Altman, Altman, Mira Murati, Slack, Murati, Barret Zoph, Bob McGrew, Joel Saget, Jenny Chang, Rodriguez, Meta —, it's, Elon Musk's, OpenAI Organizations: Service, Business, Employees, The New York Times, Lakshmi, OpenAI's, Meta, Reuters, Anthropic Locations: OpenAI, Lakshmi Varanasi

The videos from Saudi Arabia’s futuristic urban development project spread quickly across the internet, and almost as quickly started to disappear. A handful of smaller accounts within this small community of Neom-based content creators remain active, with their videos still viewable. NEOM/Cover-Images.com via Reuters fileThe spokesperson said the latest marketing campaign was about Saudi National Day and was shared to LinkedIn last week. On Thursday last week, at least four other Neom-based content creators suddenly went dark, though one account seemed to reactivate later that day. In many ways, according to researchers, Neom is tied to Saudi Arabia’s efforts to reshape its reputation on the global stage.

Persons: Prince Mohammed bin Salman, expats, Neom —, Neom, influencers, Jessica Herman, ” Herman, Ellen Wald, ”, “, ” Wald, TikTok, Hend Aly, Prince Mohammed, ” Aly, Wald, Aly, —, Jamal Khashoggi Organizations: Saudi, LinkedIn, ”, NBC News, Inc, University College London, BBC, Washington Post Locations: Saudi, Neom, Saudi Arabia, United States, Europe

☆ Trump's already massive New York civil fraud penalty has grown by $24M in interest ahead of a Thursday court showdown
▼ + stars: | 2024-09-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

(For perspective, Trump's 2016 settlements in three Trump University fraud cases totaled $25 million.) AdvertisementTrump has denied any fraud, and his lawyers argue in their appeal that the judgment is unjustified, legally flawed, and excessive. By winning his appeal, Trump would also dodge the judgment's non-monetary punishments, which are many. Winning would mean Trump, Donald Trump, Jr., and Eric Trump would no longer face being banned for two years from running Trump Org or any other business in New York state. By appealing, Trump has kept all of these fraud punishments on ice, with the exception of the Trump Org monitoring, which is ongoing.

Persons: —, Donald Trump, John Sauer, ometer, Trump, Arthur Engoron, Donald Trump's, Letitia James, Engoron, He'd, Donald Trump , Jr, Eric Trump, Read Organizations: Service, Trump, Business, Trump University, D, New, Trump Organization, Trump's, Trump Org Locations: New York, Manhattan, Trump's Manhattan

☆ How an 'AI sabbatical' helped accounting startup Klarity turbocharge its business
▼ + stars: | 2024-09-25 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

"We just gutted our product and rebuilt it using generative AI." 'The rules of physics have changed'Even before its sabbatical, Klarity was well-versed in natural language processing and computer vision. Nadhamuni gave a talk on generative AI, its history, and the latest breakthroughs in the technology. If the new tech could do those five things, they would rebuild the core of Klarity's platform using generative AI. Nadhamuni also wrote a playbook on how to run a generative AI sabbatical that's available on Tola Capital's blog.

Persons: —, Nat Friedman, Daniel Gross, Nischal Nadhamuni, Nadhamuni, Klarity, Friedman, Gross, Aaron Fleishman, Fleishman, OpenAI, Miro, Tola Organizations: Service, Business, MIT, Venture Partners, Tola, Picus, Invus, Engineers

☆ Salesforce may finally have found its AI footing. What it means beyond the initial hype
▼ + stars: | 2024-09-25 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Bowing to investor pressure, Salesforce has adopted a more disciplined approach to dealmaking, increasing the importance of internal product development. "Agentforce is the product announcement [Salesforce] investors have sought for years," Needham analysts wrote in a recent note to clients. Salesforce stock remains down about 13% from its 2024 peak close and record high of $316.88 a share on March 1. CRM 1Y mountain Salesforce's stock over the past 12 months. Analysts said Salesforce is cheap compared to peers on multiple valuation metrics with ample room to increase free cash flow ahead.

Persons: Salesforce, Jim Cramer, Agentforce, Mulesoft, Needham, Einstein, —, Jim, Bofa, Baird, Piper Sandler, Piper, Jim Cramer's, Marc Benioff, Salesforce's Dreamforce, Justin Sullivan Organizations: Wall Street, Nasdaq, Barclays, Saks, Investors, Bank of America, CNBC, Getty Locations: Dreamforce, San Francisco, San Francisco , California

☆ Southwest Airlines to cut service and staffing in Atlanta to slash costs
▼ + stars: | 2024-09-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Southwest Airlines is planning to reduce service to and from Atlanta next year, cutting more than 300 pilot and flight attendant positions, according to a company memo seen by CNBC. The changes come a day before Southwest's investor day, when executives will map out the company's plan to cut costs and grow revenue as pressure mounts from activist investor Elliott Investment Management. Southwest told staff it isn't closing its crew base in Atlanta. Instead, it will reducing staffing by as many as 200 flight attendants and as many as 140 pilots, for the April 2025 bid month. Southwest isn't laying the crews off, but they will likely have to bid to work from other cities.

Organizations: Airlines, CNBC, Elliott Investment Management, Southwest, Hospitality Locations: Atlanta

Search resuls for: "Executives"

25 mentions found