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CNBC TechCheck Evening Edition: August 02, 2024
  + stars: | 2024-08-02 | 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 EmailCNBC TechCheck Evening Edition: August 02, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
You know your values — and align with themOne of the biggest reasons people feel unsure about their relationships is that they don't know themselves, Lev said. "If everything is a 10, you're not going to get that in a partner," Lev said. Related stories"I've never seen a partner be able to end a relationship when they themselves score low on their own values," Lev said. But in a healthy relationship, "you don't expect your partner to be psychic and know all of your needs," Lev said. Advertisement"A lot of couples don't understand that once you're triggered, you're no longer in your prefrontal cortex," Lev said.
Persons: , Avigail Lev, John, Julie Gottman, Lev, I've, they'll, It's Organizations: Service, Business Locations: San Francisco
Yet Justin Best, an investment-banking analyst at San Francisco-based Union Square Advisors, has managed to defy the ordinary. Between photo ops, celebrations, and press gatherings, Best, 26, sat down with Business Insider to talk about how he juggled his job as a banker and his intense training schedule. Best started at Union Square Advisors a few months after he competed in Tokyo in 2021. Jordan Vanderstoep, a rower a few years older than Best who previously worked at Union Square, also helped Best get the job. "So having places that support Olympic dreams truly makes it possible, and I'm happy to say Union Square is one of those."
Persons: , Justin Best, It's, Carlyle, I've, Alex Davidson, Devon Ritch, Jordan Vanderstoep, Best, Simone Biles, Mike Meyer Organizations: Service, San, Square Advisors, Team USA, Business, Drexel University, Square, Union Square Advisors, BART, Rapid, Olympics, University of California, USA national, Union, Wall, Games Locations: San Francisco, Paris, Tokyo, Philadelphia, East, University of California Berkeley, Europe, Los Angeles
CINCINNATI — The San Francisco Giants’ Blake Snell threw his first no-hitter Friday night at Great American Ball Park, striking out 11 Cincinnati Reds in the 3-0 victory. Snell got Reds shortstop Elly De La Cruz to fly out to right-fielder Mike Yastrzemski, a defensive replacement. Snell threw 114 pitches and walked three. It was the 18th no-hitter in Giants history, and the 13th time Cincinnati has been no-hit. Last August, the Reds’ Spencer Steer broke up Alex Cobb’s no-hit bid with two outs in the ninth inning.
Persons: San Francisco Giants ’ Blake Snell, Snell, Elly De La, Mike Yastrzemski, Reds ’ Spencer Steer, Alex Cobb’s, Katie Stratman Organizations: CINCINNATI, San Francisco Giants, Cincinnati Reds, Reds, Giants Locations: Elly De La Cruz, Cincinnati, USA
Chevron, the second-largest U.S. oil company, is moving its headquarters to Houston, from California, formalizing a long-expected breakup with a state that has pushed aggressively to address climate change. The company’s ties to California date to the 1870s. Chevron said it already had roughly 7,000 employees in the Houston area and around 2,000 at its current headquarters in San Ramon, Calif., near San Francisco. The State of California sued Chevron and other large oil companies last year, claiming that they misled the public about the risks of fossil fuels, the extraction of use of which are a leading cause of climate change. Chevron’s chief executive, Mike Wirth, criticized the lawsuit last year, saying in a Bloomberg Television interview that litigation was not the right approach.
Persons: Mike Wirth Organizations: Chevron, Calif, Bloomberg Television Locations: Houston, California, San Ramon, San Francisco, The State
However, after EzDubs went through the Y Combinator startup program last year, the company made a quick pivot, adding Microsoft's cloud into the mix. That's because EzDubs' founders learned of a partnership that enabled Y Combinator companies to receive $350,000 worth of credits on Microsoft Azure. The current offer includes $350,000 in AWS credits, plus $300,000 reserved for tapping the custom silicon, the spokesperson said. A spokesperson later said 58% of Y Combinator startups had taken up Microsoft's credit offer, a figure that doesn't reflect actual Azure usage. "Leading AI startups use OpenAI to power their AI solutions, therefore, making them Azure customers as well."
Persons: Amrutavarsh Kinagi, Kareem Nassar, Padmanabhan Krishnamurthy, EzDubs, Krishnamurthy, Y, Annie Pearl, it's, Satya Nadella, Sam Altman, Hayden, CNBC InKeep, OpenAI, Nick Gomez, InKeep's, InKeep, Gomez, CNBC's Andrew Ross Sorkin, Prady Modukuru, Modukuru, Anthropic, Daksh Gupta, Gupta, Nassar Organizations: Google, Microsoft, CNBC, Amazon, Services, Alchemist, AWS, Hayden Field, Sync Labs, Sync, OpenAI Locations: Palo Alto , California, OpenAI's, San Francisco
Last year, after selling a chunk of his stock and bond portfolio to purchase a house in cash, Sam Dogen found himself with too little passive income to support his family's budget. It turned out, this particular gig didn't align with his personal or financial priorities at this point in his life. By last year, his passive income portfolio, which includes stocks, bonds and real estate investments, among others, was bringing in about $380,000 a year. "That shored up a huge hole in my passive income," Dogen says. That won't produce passive income unless Dogen reinvests it, but it gave him the cash cushion to paper over some short-term cracks in his finances.
Persons: Sam Dogen, Dogen Locations: San Francisco
The complaint, filed in San Francisco County Superior Court, alleges fraud, breach of contract and misappropriation of Lemon’s name and likeness. Musk and X enticed Lemon with “false promises and representations,” the complaint alleges. In May 2023, shortly after CNN terminated Lemon, Musk posted on X: “Have you considered doing your show on this platform? Within a day of the interview, Musk sent Lemon’s agent a text message saying the partnership and contract were canceled. “To this day, Defendants have not compensated Lemon pursuant to the exclusive partnership deal that Defendants induced Lemon to enter into,” the filing says.
Persons: Don Lemon, Elon Musk, Musk, Lemon, Elon, , ” Lemon, Linda Yaccarino, Brett Weitz, he’d, , Donald Trump, Weitz, Jeff Zucker, Carney Shegerian, Don, Shegerian, who’s Organizations: CNN, Court, X, NBC Locations: San Francisco County, New York City
New York CNN —Don Lemon on Thursday filed a lawsuit against Elon Musk and X after the erratic billionaire canceled a planned partnership that would have seen the former CNN anchor create a talk show on the embattled social media platform. Lemon alleged that Musk wanted to announce a partnership with him only to trade off his name to rehabilitate his social media company’s troubled image. “X executives used Don to prop up their advertising sales pitch, then canceled their partnership and dragged Don’s name through the mud. But the deal quickly collapsed after Musk grew angry at Lemon’s questioning during a sit-down interview in March taped at his Tesla headquarters in Texas. During the interview, Lemon pressed Musk about the rise of hate speech on X, in addition to his open use of the prescription drug ketamine.
Persons: Don Lemon, Elon Musk, Lemon, , Musk, ” Carney Shegerian, , Don, X, Linda Yaccarino, Yaccarino, Brett Weitz Organizations: New, New York CNN, Elon, CNN Locations: New York, San Francisco, New York City, Lemon, Texas
Snap shares plunge more than 20% on weak guidance
  + stars: | 2024-08-01 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +3 min
Evan Spiegel, co-founder and CEO of Snap Inc., during the Bloomberg Technology Summit in San Francisco on May 9, 2024. Snap shares fell more than 20% in extended trading on Thursday after the company reported guidance for the third quarter that trailed analysts' estimates. The company expects adjusted earnings of $70 million to $100 million, trailing the $110 million average analyst estimate, according to StreetAccount. Pinterest shares tumbled this week after the company reported its latest earnings and provided third-quarter guidance that trailed analysts' estimates. YouTube advertising sales came in at $8.66 billion in the quarter, lower than analysts' expectations of $8.93 billion.
Persons: Evan Spiegel, Meta, Julia Brau Donnelly Organizations: Snap Inc, Bloomberg Technology Summit, LSEG Revenue, LSEG Global, Global, Google, YouTube Locations: San Francisco
Read previewThis as-told-to essay is based on a transcribed conversation with Rachel Hoobing, a 50-year-old electrician in San Francisco. I found it very stressful and decided to leave in May 2012 and apply for an electrician apprenticeship. In 2015, I got my electrical trainee card, which meant I could do some non-union work as an electrician. I applied for an electrical apprenticeship with a union in 2016, when I was 43, and started the following year. AdvertisementI work for a union as an electricianI became a union electrician at the end of my five-year apprenticeship in 2021.
Persons: , Rachel Hoobing, I'd, wasn't Organizations: Service, Business, Jobs Corps, Department of Labor, Job Corps, Home Depot Locations: San Francisco, arborists
Lemon had "incurred hundreds of thousands of dollars in expenses" in preparing for the show, the lawsuit alleges. Former CNN anchor Don Lemon sued Elon Musk on Thursday, accusing him of making false promises to entice the journalist into a canceled deal to host a show on the billionaire's social media platform. Lemon accuses Musk and X of fraud, negligent misrepresentation, misappropriation of name and likeness, breach of contract, and unjust enrichment. "You're set up for a lot of $$ this year," Weitz allegedly told Lemon in a Dec. 30, 2023, text. "To this day, Defendants have not compensated Lemon pursuant to the exclusive partnership deal that Defendants induced Lemon to enter into," the lawsuit says.
Persons: Musk, Lemon, Don Lemon, Elon Musk, Carney Shegerian, Shegerian, who's, Nikki Haley, Linda Yaccarino, Brett Weitz, " Weitz, Weitz Organizations: CNN, Twitter, CES, SpaceX Locations: San Francisco, New York City, Las Vegas, Lemon
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I recently left a role in Big Tech as a senior program manager at Figma, and I've previously worked at Meta, Pinterest, Intuit, and LinkedIn. In 2016, I pivoted to an account manager roleI more than doubled my salary at a tech startup in San Francisco. Next, I was interested in pivoting to a full-time program manager role, so I applied cold, interviewed, and landed an offer at LinkedIn. Here are the four strategies that were the most helpful to me in increasing my salary in Big Tech.
Persons: , Jean Kang, San Francisco who's, It's, I've, I'm, Lauryn Haas Organizations: Service, Meta, Intuit, LinkedIn, Big Tech, Business, Facebook, Microsoft, Big Locations: San Francisco, Big, Pinterest, Figma, Big Tech, Salesforce, lhaas@businessinsider.com
Ms. Harris told The Washington Post in 2019 that she had long been comfortable with her racial identity. Ms. Harris joined Alpha Kappa Alpha, a sorority for Black women, at Howard University, a historically Black university. Ms. Harris failed California’s bar exam on her first attempt in July 1989, according to her autobiography, and received a letter in November that she had failed, “to my utter devastation.” While she did not address her subsequent exams in the book, Ms. Harris was admitted to the bar in June 1990. Mr. Trump is taking outsize credit. It is also worth noting that Mr. Trump did not request the increased funding that the schools received.
Persons: Donald J, Trump, Kamala Harris, Harris, Abraham Lincoln, Said, I’ve, , Ms, , Obama ”, ” Mr, Harris’s, Said “, California’s, , Lyndon B, Johnson, Biden Organizations: Wednesday, National Association of Black Journalists Convention, National Association of Black Journalists, Washington Post, Indian American, Alpha Kappa Alpha, Howard University, Black Law, Association, University of California Hasting College of Law, Los Angeles Times, San Francisco Examiner, San, H.B.C.U.s, Democrats, Democratic, Republicans, Civil, Mr, Black Americans, Congressional Research Service, The New York Times, of Labor Statistics, New York Times Locations: Chicago, Indian American, California, San Francisco, American, Black, Los Angeles, Asian, The California,
CNBC TechCheck Evening Edition: August 1, 2024
  + stars: | 2024-08-01 | 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 EmailCNBC TechCheck Evening Edition: August 1, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
Bitcoin 2024 attendee wears "Make Bitcoin Great Again" baseball cap. Trump said on Saturday that his campaign has raised $25 million from the crypto industry since it began accepting cryptocurrency donations in May. "Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. "The rules will be written by people who love your industry, not hate your industry," Trump declared that afternoon in the main auditorium as he warmed up the crowd. As Riot's Les put it, "I think the core message that we communicated to President Trump was, 'This is your industry leadership group.
Persons: Donald Trump, Jon Cherry, Donald Trump White, Tyler, Cameron Winklevoss, Paul Grewal —, David Sacks, Cantor Fitzgerald, Howard Lutnick, Cynthia Lummis, Bill Hagerty, Marsha Blackburn, Vivek Ramaswamy —, Kid Rock, Billy Ray Cyrus, Jason Les, Fred Thiel, Zach Bradford, Chris Cook, Amanda Fabiano, Michael Saylor wasn't, Saylor, Trump, That's, Donald Trump's, Les, he's, litigator, Tracy Hoyos, Cyrus strummed, " Hoyos, López, Hoyos, Cyrus, López Trump, Marathon's Thiel, Thiel, David Bailey, Bailey, Sen, Elizabeth Warren, Gary Gensler —, Kamala Harris, Cook, Saturday's, CleanSpark's Bradford, Riot's Les, indoctrinating, Bradford, they've, It's, we're Organizations: Republican, Getty, Music City Center, GOP, Gemini, Trump, U.S ., State Department, Marathon Digital Holdings, CNBC, Music City, Riot, Attorney, Bitcoin, BTC Inc, U.S . Securities, Exchange, US, Bloomberg, indoctrinating Trump, Industry, Mar Locations: Nashville , Tennessee, San Francisco, Nashville, Mar, Lago, U.S, San Bernardino County, López
CNN —JD Vance is making a second pass at introducing himself to America as the Ohio senator attempts to put his uneven rollout as Donald Trump’s running mate in the rearview mirror. Vance is also expected to begin holding news conferences with reporters as early as this week, the source said. At a closed-door fundraiser in Oklahoma City last week, Trump’s finance team was hoping the former president’s new running mate would raise $1 million. The campaign was well aware of Vance’s past criticisms of Trump and the deeply anti-abortion views he vocally defended. Still, people close to both Trump and Vance argue that America has yet to learn how effective the Ohio senator can be when in the spotlight.
Persons: CNN — JD Vance, Donald Trump’s, Vance, he’s, Trump, Kamala Harris ’, “ Kamala Harris, ” Vance, we’re, Vance hasn’t, deriding, Taylor Swift, Ben Shapiro, Dave Portnoy, , fides, ” Portnoy, Trey Gowdy, Liam Donovan, Yale Law School –, “ They’re, ” Donovan, , ” Trump, Kamala Harris, tickled Trump, Florida Sen, Marco Rubio, ” Rubio, Doug Burgum, Rupert Murdoch, Gowdy, Sen, Tim Scott, Shapiro, Ron DeSantis, Kevin Roberts, Roberts, William Martin, Vance “, San Francisco Pride, Antonin Scalia, MAGA Organizations: CNN, Trump, trashing, America, Republican, Barstool Sports, Fox News, South, Marines, Yale Law School, “ CNN, JD, United States Marine Corps, Privately, GOP, North Dakota Gov, Florida Gov, The New York Times, Heritage Foundation, New York Times, San Francisco, Supreme Locations: America, Ohio, – Nevada, , Arizona, Georgia, Mexico, Henderson , Nevada, South Carolina, Minnesota, Iraq, United States, Florida, Oklahoma City, Fort Wayne , Indiana
DoorDash shares pop 13% on second-quarter revenue beat
  + stars: | 2024-08-01 | by ( Ashley Capoot | In | ) www.cnbc.com   time to read: +1 min
A DoorDash driver on an electric bicycle wearing a cooler backpack with the skyline of San Francisco in the background. Shares of DoorDash popped 13% in extended trading on Thursday after the company reported second-quarter results that beat analysts' expectations for revenue. It narrowed its net loss to $157 million, or a loss of 38 cents per share, from $170 million, or a loss of 44 cents per share, during the same period last year. The delivery service company said it received 635 million total orders in the quarter, up 19% year over year. For its third quarter, DoorDash said it expects to report Marketplace GOV between $19.4 billion and $19.8 billion.
Persons: DoorDash Locations: San Francisco
Don Lemon sues Elon Musk over axed X partnership
  + stars: | 2024-08-01 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +1 min
Don Lemon is suing Elon Musk and X over a canceled partnership deal. The lawsuit says X used Lemon for advertising, then canceled the deal without payment. AdvertisementDon Lemon is suing Elon Musk over an X deal that turned sour in March. Lemon filed the lawsuit Thursday in the Superior Court of California in San Francisco against Musk and his company X, formerly known as Twitter. Lemon accuses Musk and X of committing fraud, negligent misrepresentation, misappropriation of Lemon's name and likeness, breach of express contract, and unjust enrichment when it abruptly canceled a planned partnership with Lemon in March.
Persons: Don Lemon, Elon Musk, Lemon, , Musk Organizations: Service, of, Business Locations: Superior, of California, San Francisco
Donald Trump participates in a question and answer session at the National Association of Black Journalists (NABJ) convention at the Hilton Hotel in Chicago, Illinois on July 31. Getty ImagesFormer President Donald Trump, the Republican presidential nominee, drew gasps on Wednesday when he said at the National Association of Black Journalists convention that Vice President Kamala Harris, the presumptive Democratic nominee, had suddenly adopted a Black identity. Trump claimed: “I’ve known her a long time, indirectly, not directly very much, and she was always of Indian heritage, and she was only promoting Indian heritage. Harris graduated in 1986 from Howard University, a historically Black institution where she was a member of a historically Black sorority. After that, she was elected president of the association of Black law students in her second year at the University of California, Hastings College of the Law, according to her 2019 memoir.
Persons: Donald Trump, Kamala Harris, Harris ’, Trump, , Harris, , ” Trump’s, , Organizations: National Association of Black Journalists, Hilton Hotel, Getty, Republican, Democratic, Howard University, University of California, Hastings College of the, Politico, Hastings Law, San Locations: Chicago , Illinois, Jamaica, India, Indian, San Francisco
Washington, D.C., Attorney General Brian Schwalb sued the online ticket exchange platform StubHub on Wednesday, alleging deceptive and unfair pricing. The lawsuit claims StubHub uses deceptive advertising of low ticket prices to lure consumers who pay vastly more after an arduous checkout process. "This is no accident — StubHub intentionally hides the true price to boost profits at its customers' expense," Schwalb said in a statement. In its lawsuit, the attorney general's office said that from 2014 to 2015, StubHub used "all-in pricing," in which the advertised price included mandatory fees. The complaint alleged that StubHub did a testing period where it randomly assigned consumers to one of the two models.
Persons: Brian Schwalb, Schwalb, StubHub, Eric Baker, Viagogo Organizations: San Francisco . Washington , D.C, Labor, of Columbia, Washington , D.C, eBay Locations: San Francisco . Washington ,, Washington ,
Microsoft says OpenAI is now a competitor in AI and search
  + stars: | 2024-07-31 | by ( Jordan Novet | ) www.cnbc.com   time to read: +2 min
Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. In the filing, Microsoft identified OpenAI, the creator of the ChatGPT chatbot, as a competitor in AI offerings and in search and news advertising. Microsoft CEO Satya Nadella reportedly wasn't briefed before OpenAI's board pushed out CEO Sam Altman in November. Suleyman, who had co-founded and led startup Inflection AI, was named CEO of a new unit called Microsoft AI, and several Inflection employees joined him. WATCH: OpenAI announces a search engine called SearchGPT
Persons: Satya Nadella, Sam Altman, OpenAI, It's, it's, wasn't, Altman, Nadella, Mustafa Suleyman, Suleyman, Sam Organizations: Microsoft, Apple, Google, Meta, OpenAI, Bing, CNBC, New York Times Locations: San Francisco, OpenAI
I didn’t know she was Black until a number of years ago when she happened to turn Black, and now she wants to be known as Black. Harris graduated in 1986 from Howard University, a historically Black institution where she was a member of a historically Black sorority. - Falsely claimed he was “protected” under the Presidential Records Act for taking official documents after his presidency. - Falsely claimed that “everybody,” including Democrats, wanted Roe v. Wade overturned and the issue of abortion policy returned to individual states. - Falsely claimed that Haris “didn’t pass” the bar exam.
Persons: Donald Trump, Kamala Harris, Harris ’, Trump, , Harris, , ” Trump’s, , ” Harris, , ‘ Mazel, Joe Biden’s, Biden, Roe, Wade, Haris “ didn’t, Four Trump, Brian Sicknick, Sicknick, ” CNN’s Andrew Kaczynski, Em Steck, Julie In Organizations: Washington CNN, Republican, National Association of Black Journalists, Democratic, Howard University, University of California, Hastings College of the, Politico, Hastings Law, San, South, Black, United States Senate, Trump, Central, Biden, Presidential, Capitol, Capitol Police, Washington Post Locations: Jamaica, India, Indian, San Francisco, American, California, Asian, Jamaican
Grass Valley, California, was one of those places for me. AdvertisementWhile Martin debated pros and cons, I quickly mapped Sacramento to Grass Valley — it was 56 miles. On a scouting trip, he agreed that Grass Valley seemed like a great place. But once we finally lived in the Northern California town, we realized we may have been better off just visiting. I lived in Grass Valley for two and a half years, and three years after moving away, I'm only in touch with a few people.
Persons: , I've, Martin, he'd, Patty Thomas, we'd, Califonia Organizations: Service, Business, San, California . San Francisco Chronicle, Hearst Newspapers, Getty, Gold Rush Locations: , California, San Francisco, Missoula , Montana, Sacramento, Grass, Northern California, San Bernardino, Lake Arrowhead, Missoula, Berkley, Lake Tahoe, it's, Grass Valley, California, Nevada, Southern California, New England
CrowdStrike is sued by shareholders over huge software outage
  + stars: | 2024-07-31 | by ( ) www.cnbc.com   time to read: +2 min
CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers. The complaint cites statements including from a March 5 conference call where Kurtz characterized CrowdStrike's software as "validated, tested and certified." Delta Chief Executive Ed Bastian told CNBC on Wednesday that the outage cost his airline $500 million, including lost revenue and compensation and hotels for stranded fliers. CrowdStrike shares closed on Wednesday down $1.69 at $231.96. The case is Plymouth County Retirement Association v CrowdStrike Inc et al, U.S. District Court, Western District of Texas, No.
Persons: George Kurtz, CrowdStrike, David Boies, Kurtz, " Kurtz, Burt Podbere, Ed Bastian Organizations: Crowdstrike Holdings Inc, Bloomberg Technology, RSA Conference, U.S . Congress, Delta Air Line, Retirement Association of, Delta, CNBC, Retirement, Western District of Locations: San Francisco , California, Austin , Texas, Austin, Plymouth, Retirement Association of Plymouth , Massachusetts, U.S, Western District, Western District of Texas
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