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☆ AI robot’s portrait of Alan Turing that ‘challenges what it is to be human’ sets record, selling for $1.08 million
▼ + stars: | 2024-11-08 | by ( Issy Ronald | ) edition.cnn.com time to read: +5 min

The paintings depict British computer scientist, mathematician and codebreaker Alan Turing. “There’s a slightly apocalyptic view of AI art wiping out everybody. for good’ which led to Ai-Da bringing up Alan Turing as a key person in the history of A.I. “’AI God,’ a portrait of pioneer Alan Turing, invites viewers to reflect on the god-like nature of AI and computing while considering the ethical and societal implications of these advancements. Alan Turing recognised this potential, and stares at us, as we race towards this future,” the robot added.

Persons: Alan Turing, ”, Ai, Aidan Meller, Turing, Meller, “, Alastair Sooke, Pablo Picasso, ” Ai, Da, she’s, ‘, Turing’s, Sotheby’s Organizations: CNN, British Locations: New York, British, Cornwall, England, Turing’s

☆ How Samsung fell behind in the AI boom leading to a $126 billion wipeout
▼ + stars: | 2024-11-08 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

But the South Korea electronics giant has now fallen behind its long-time rival SK Hynix in next-generation chips that have been key component for AI silicon leader Nvidia . For years, Samsung was the undeniable leader in this technology, ahead of South Korean rival SK Hynix and U.S. competitor Micron . SK Hynix saw this opportunity. SK Hynix posted record quarterly operating profit in the September quarter. "It is fair to say that Samsung has not been able to close the gap with SK Hynix on the HBM development roadmap," Morningstar's Ito said.

Persons: SeongJoon Cho, HBM, Kazunori Ito, Brady Wang, Morningstar's Ito Organizations: Samsung Electronics Co, Bloomberg, Getty, Samsung Electronics, SK Hynix, Nvidia, Samsung, Micron, Morningstar, CNBC, U.S, Counterpoint Research, South Locations: Seoul, South Korea, South Korean, HBM

☆ Stocks making the biggest moves premarket: Pinterest, Monster Beverage, Bath & Body Works, Trump Media & more
▼ + stars: | 2024-11-08 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Trump Media & Technology Group — Shares of President-elect Donald Trump's media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The company saw $162 million in revenue, topping the consensus expectation for $150 million. Analysts polled by FactSet penciled in 43 cents in earnings per share and $1.91 billion in revenue. Affirm lost an adjusted 31 cents per share, narrower than the consensus forecast of 35 cents, according to LSEG. Bath & Body Works — The fragrance retailer slid 2.7% in the wake of a Barclays downgrade to underweight from equal weight.

Persons: Donald Trump's, platform's, DraftKings, Sweetgreen, LSEG, Toast, StreetAccount penciling, Versace, Michael Kors, FactSet, BioNTech, Goldman Sachs, Goldman, — CNBC's Sean Conlon, Yun Li, Pia Singh, Samantha Subin Organizations: Trump Media & Technology, LSEG, Arista Networks, Arista, Capri Holdings, Capri, Beverage, Revenue, Barclays Locations: LSEG, BioNTech —

☆ Correction: Sony reports 73% jump in operating profit, beating expectations
▼ + stars: | 2024-11-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The Japanese tech giant revised its fiscal year 2025 revenue target up slightly to 12.7 trillion yen. Sony also expects full-year operating profit of 1.3 trillion yen, in line with its previous forecast. That came as Sony saw strength in its game and network services division, which houses its popular PlayStation home console brand. Game and network services revenue at the company came in at 1 trillion yen, up 11% year-over-year. Correction: This story has been updated to reflect that operating income jumped 73% year-over-year in the September quarter.

Persons: — Organizations: Sony, PlayStation, Nintendo, VI

☆ How making money as an influencer has changed in a decade
▼ + stars: | 2024-11-08 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Making money as an influencer has changed a lot in 10 years, with multiple potential income streams. Ten years ago, one estimate from the influencer marketing agency Billion Dollar Boy placed the industry's value at just $200 million. Making money as an influencer has changed a lot since then, both in terms of how much individual creators can make and how. Related storiesLiam Parkinson, the cofounder of Inflverse, a financial management platform for creator agencies, made a name for himself as a content creator on YouTube. AdvertisementThere's also a push for authenticity in creator marketing, with audiences getting tired of relentless ads.

Persons: —, It's, Nirozen Thav, Liam Parkinson, Parkinson, Katya Varbanova, Varbanova, Jacob Lucas, Lucas, Savannah Britt, Britt, There's, Dominic Smales, isn't, Logan Paul Organizations: Forbes, Service, YouTube, BI, Brittprint Agency, Brands, Gleam Futures, GloMotion Studios, Inflverse, D'Amelio Locations: Feastables

☆ The 4 most interesting things from Airbnb's earnings
▼ + stars: | 2024-11-08 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Airbnb reported earnings after the market closed on Thursday. AdvertisementAirbnb's third-quarter earnings report showed that the company keeps growing — and that 2025 will be the year it breaks into a new business. Here are the highlights from the earnings report:Airbnb's third-quarter revenue grew despite a slow startAirbnb's revenue for the quarter rose 10% to $3.73 billion. Bookings were slow early in the quarter but picked up later, CEO Brian Chesky said on Thursday's earnings call. "We'll remain focused on accelerating growth while preparing for Airbnb's next chapter, which will take us beyond accommodations," the press release read.

Persons: Airbnb, Brian Chesky, —, Chesky, Airbnb's, Axel Springer Organizations: Service, Reuters, Inc Locations: Airbnb

It's not cheap, though, so the ongoing Ergatta Black Friday sale is a can't miss chance to score your very own. Even though the month of November only just started, Ergatta has kicked off its Black Friday sale, offering shoppers up to $850 off its elite-level rowers and bundles. View at ErgattaLimited-Time Deal Ergatta Lite Rower $1,399.00 $1,799.00 Save 22% The Ergatta Lite Rower offers the brand's game-like rowing experience and beautiful design with a smaller footprint and lower price. View at ErgattaThe Ergatta Rower is down to $1,899 plus free shipping (usually $150) and a bonus $100 Ergatta Apparel Gift Card. The Ergatta Lite is also $400 off and down to $1,399 also with free shipping and the gift card.

Persons: Ergatta, Price Organizations: Business, Ergatta

Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. "Our primary focus is #Bitcoin," Dorsey proclaimed on Twitter. The name of the business unit would be TBD. Block called it Web5 and said the mission was to create a more decentralized, secure and private internet. Dorsey said in a tweet in mid-2022 that Web5 "will likely be our most important contribution to the internet."

Persons: Jack Dorsey, Shiba Inu, bitcoin, Dorsey, Amrita Ahuja Organizations: Twitter Inc, Twitter, Square Inc Locations: Miami , Florida, U.S

☆ We asked 3 migration firms about what they're hearing in the first 48 hours after the election
▼ + stars: | 2024-11-08 | by ( Maria Noyen | Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

Business Insider spoke to three residency and citizenship consultancies about what they heard in the 48 hours after the election was called. Advertisement"Americans normally will take an average of three weeks to four weeks to review the documents before signing anything," Arton said. This time, it's different: "They're signing it the same day." While demand has risen steadily, Galst said clients' tone this week took on particular urgency — they're no longer just shopping around for options. "In the last 24 hours, I've heard real urgency," Galst said.

Persons: —, Donald Trump readies, They've, Steve Ballmer, Armand Arton, He's, Arton, they're, Partners Judi Galst, Galst, I've, it's, Pela Terra Organizations: Democratic, Service, White, Business, Arton, Henley, Partners, Henley & Partners, US Nationals, Gaza, Hamas Locations: Montreal, New York, Connecticut, California, London, Palestinian, Portugal, Caribbean, Ireland, Germany, Austria, Poland, Florida, American, Europe

☆ This software stock is well-positioned to benefit from Trump's agenda, trader says
▼ + stars: | 2024-11-08 | by ( Tony Zhang | ) www.cnbc.com time to read: +4 min

A pro-business agenda, regulatory flexibility, and potential tax incentives under his administration could once again set the stage for technology stocks to outperform. Adobe (ADBE) , a leader in AI-enhanced creative solutions, is particularly well-positioned to capitalize on this environment. With its superior growth rates and operational margins that set it apart from peers, Adobe's valuation presents a compelling entry point amid strong fundamentals and a supportive administration. This signals that sellers are starting to get exhausted and presents an opportunity for buyers to start stepping in for a strong counter-trend rally. To capitalize on a potential rally in Adobe, consider buying the December 20, 2024, $500/550 Call Vertical @ $18.05 Debit.

Persons: Donald Trump's, ADBE Organizations: Adobe, Digital Media, CNBC, NBC UNIVERSAL

☆ Dear Santa: Please bring me a Skibidi Toilet for Christmas
▼ + stars: | 2024-11-08 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

Now in Walmart aisles: a Skibidi Toilet action figure — a $45 mystery toilet bowl. For $44.95, I could be the proud owner of the Skibidi Toilet — complete with toilet-themed toys in the bowl. The Skibidi Toilet is marketed as a "mystery surprise toilet" by Bonkers Toys. AdvertisementThe original Skibidi Toilet was the creation of animator Alexey Gerasimov, who made it for his YouTube channel DaFuq! He said the Skibidi Toilet was outselling LankyBox by around double.

Persons: Bonkers, —, you've, Lindsay Dodgson, Dan Meyer, Meyer, it's, Blake Droesch, Emarketer, Alexey Gerasimov, Gerasimov, Adam Goodman, DreamWorks SKG, Goodman, Logan Paul, KSI, they've Organizations: Service, Walmart, YouTube, Bonkers, DreamWorks, Paramount Pictures Locations: San Diego, discounters, Santa

☆ OpenAI's splashy purchase of a 4-letter domain name is a smart play
▼ + stars: | 2024-11-08 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Analysts say the move strengthens OpenAI's global reach and consumer product positioning. AdvertisementOpenAI's splashy acquisition of a four-letter domain name is a smart strategic play, branding experts told Business Insider. The domain was previously owned by HubSpot founder and CTO Dharmesh Shah, who confirmed that he sold the domain to OpenAI after buying it in 2023. BREAKING NEWS: Secret acquirer of $15+ million domain chat .com revealed and it's exactly who you'd think. "Strategy-wise, I think that for ChatGPT and OpenAI, purchasing a domain like this marks its shift toward a very global audience."

Persons: OpenAI, Dharmesh Shah, —, Sam Altman, Shah, it's, Margarita Polishchuk, Gil Luria, Davidson, Nicole Ferry, ChatGPT, Polishchuk Organizations: Service, HubSpot, Business, Amazon, Google, D.A, Sullivan NYC Locations: OpenAI, Clay

☆ Tesla hits $1 trillion market cap as stock rallies after Trump win
▼ + stars: | 2024-11-08 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: 1 min

Elon Musk on stage before Republican presidential nominee former President Donald Trump speaks at a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024. Shares of Tesla climbed more than 5% in mid-morning trading Friday, pushing the electric vehicle maker's market cap past $1 trillion for the first time. The company's stock has rallied about 27% this week after President-elect Donald Trump won the U.S. presidential election and investors have grown optimistic that the former president's return to the White House could benefit Tesla. Tesla CEO Elon Musk has been a key ally for Trump throughout his campaign, pouring at least $130 million into a pro-Trump campaign effort. Tesla had a market cap of $807.1 billion through Tuesday's close.

Persons: Elon Musk, Donald Trump, Tesla Organizations: Republican, Madison, U.S, Trump Locations: New York, NY

☆ One chart that should make Apple bulls worry and think about trimming
▼ + stars: | 2024-11-08 | by ( Carter Braxton Worth | ) www.cnbc.com time to read: +1 min

The almighty Apple, despite making new 52-week highs and all-time highs as recently as two weeks ago, continues to struggle versus its peer group. In fact, Apple's relative performance to the tech sector peaked more than two years ago — in Q3 2022 — and has not improved in any meaningful way. The exact date of Apple's relative performance peak was Sept. 27 2022. Since then, Apple (AAPL) is +49.9% while the SPDR Technology Select Sector ETF (XLK) is +92.7%. The relative performance chart below tells the tale.

Persons: Said, Carter Braxton Worth Organizations: Apple, Technology, CNBC, NBC UNIVERSAL

☆ Rivian is shoring up sourcing for its R2 affordable SUV with Trump's proposed tariffs in mind, CEO says
▼ + stars: | 2024-11-08 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Rivian CEO RJ Scaringe said during an earnings call the company has been bracing for tariffs. The fate of the $7,500 EV tax credit issued under the Biden Administration remains unclear. AdvertisementEV company Rivian says it's already bracing for the impact that the increased tariffs proposed by President-elect Donald Trump would have on its supply chain. Rivian CEO RJ Scaringe said that to prepare for potential tariffs Trump has proposed on foreign goods, the company has been deliberate about materials sourcing for its upcoming lower-cost SUV, the R2. On top of the uncertainty that comes with the second Trump administration, Rivian continues to face hurdles toward profitability — a challenge many new automakers face, with the exception of Tesla.

Persons: Donald Trump's, RJ Scaringe, Biden, —, Rivian, Donald Trump, we've, EVs —, Claire McDonough, Rivian's, Tom Narayan, Scaringe, Trump, Tesla Organizations: Service, President, Trump, Biden, RBC Capital Markets, CNBC

☆ Here's why Eli Lilly bounced back, plus mega-caps lag while staples stocks rise
▼ + stars: | 2024-11-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Eli Lilly: Shares of Eli Lilly are finally putting together back-to-back sessions of gains. Eli Lilly shares traded at $903 before the quarterly report, putting the post-earnings pullback at about 7%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024.

Persons: Jim Cramer, Donald Trump's, aren't, Eli Lilly, Lilly, David Ricks, Wells, We've, Eli Lilly's, Tyson, Jim Cramer's, Jim, Shelby Knowles Organizations: CNBC, ., Treasury, Companies, Tech, Tesla, Arista Networks, Costco, United States, Disney, Tyson Foods, AstraZeneca, Spotify, Occidental, Cisco, Advance, Materials, Jim Cramer's Charitable, Bloomberg, Getty Locations: China, Wells Fargo, Brooklyn, New York

☆ OpenAI's splashy purchase of a 4-letter domain name is a smart play, brand pros say
▼ + stars: | 2024-11-08 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

OpenAI acquired the URL "chat.com," which now redirects to ChatGPT. Analysts say the move strengthens OpenAI's global reach and consumer product positioning. AdvertisementOpenAI's splashy acquisition of a four-letter domain name is a smart strategic play, branding experts told Business Insider. BREAKING NEWS: Secret acquirer of $15+ million domain chat .com revealed and it's exactly who you'd think. "Strategy-wise, I think that for ChatGPT and OpenAI, purchasing a domain like this marks its shift toward a very global audience."

☆ What Trump tariffs could mean for AI darling Nvidia
▼ + stars: | 2024-11-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Wall Street is questioning how potential tariffs on imports under a Trump administration could affect artificial intelligence darling Nvidia and the broader industry . Earlier this year, Trump accused Taiwan of stealing the chipmaking business from the U.S. and said he would impose tariffs as president. NVDA 5D mountain Shares over the last week If the administration implements tariffs, Ives believes Nvidia could gain some workaround given its integral status. That could come in the form of excluding some of its next AI chips and graphics processing units from the tariff wave expected in spring 2025. Many investors also view Trump as a proponent of AI innovation.

Persons: Trump, Kamala Harris, Joe Biden, Jensen Huang, Dan Ives, Ives, Hua Cheng, Elon Musk, Musk, Mizuho's Jordan Klein Organizations: U.S, Taiwan Semiconductor Manufacturing, NVIDIA, Nvidia, Wedbush Securities, Bank of, Blackwell Locations: Taiwan, U.S, Mirova

☆ We're following one of our core investing rules by selling this industrial stock
▼ + stars: | 2024-11-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Following the trade, Jim Cramer's Charitable Trust will own 245 shares of Honeywell, decreasing its weighting to about 1.5% from roughly 2%. We're cashing in more Honeywell stock to take advantage of its 4% rally this week. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer's, we've, It's, you'll, Jim Cramer, Jim, Michael M Organizations: Honeywell, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: New York City

☆ Fintechs Upstart and Toast soar on earnings
▼ + stars: | 2024-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Chris Comparato, CEO, the Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021. Toast , which sells payments technology to restaurants, jumped 14%, closing at its highest since 2021. Toast is still well off its pandemic highs of 2021, but the stock has now more than doubled this year. The company's adjusted earnings forecast of $90 million to $100 million for the current quarter sailed past estimates. Coinbase shares jumped 48% for the week, their strongest performance since January 2023.

Persons: Chris Comparato, David Girouard, Donald Trump's, Coinbase, Trump, Gary Gensler, Bitcoin, dogecoin, fintechs, Jack Dorsey's, Robinhood Crypto Organizations: Inc, New York Stock Exchange, Nasdaq, SEC Locations: fintech, solana

☆ I've flown on Singapore's world's longest flight in business class. It was nice, but the new seats will be a game changer.
▼ + stars: | 2024-11-08 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

I'm exited Singapore Airlines is adding doors to business class after flying the current seat. AdvertisementIn early 2023, I flew Singapore Airlines on the world's longest flight to experience what is considered a top-tier business class. Taylor Rains/Business InsiderSince then, I've flown in door-equipped business class on Japan's All Nippon Airways and British Airways. The carrier announced plans in November to retrofit 41 Airbus A350 planes with a new door-equipped business class. Air India launched its new pod-like business class in January as it completely overhauls its brand.

Persons: I'm, —, Taylor Rains, I've, Goh Choon Phong, Skytrax's Organizations: Singapore Airlines, Service, All Nippon Airways, British Airways, Boeing 777X, Air India, Air, Turkish Airlines, American Airlines, Korean Locations: Singapore, Qatar

☆ I recruit for VC firms. Here's what they're looking for in candidates — and how to stand out in interviews.
▼ + stars: | 2024-11-08 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Emma Halls, a Stem7 Executive Search recruiter, shares what VC firms are looking for in candidates. We work with VC firms in London, Palo Alto, Paris, Berlin, Stockholm, Munich, and New York. But they're also looking for candidates whose CVs show they're actually passionate about the whole VC ecosystem. This shows VC firms that the candidates were always doing things that created some kind of disruption. VC firms want to know if applicants have been able to network themselves into some kind of startup role or internship.

Persons: Emma Halls, —, they're, They'd, we've, it's Organizations: Service, Business Locations: London, Palo Alto, Paris, Berlin, Stockholm, Munich, New York

Major League Baseball and the Atlanta Braves have raised issues with the reorganization plan and future viability of Diamond Sports Group, the country's largest owner of regional sports networks, according to a Friday bankruptcy court filing. The filing noted that both MLB and the Braves have a vested interest in Diamond Sports succeeding with a reorganization plan, but they are not convinced that the one currently proposed is viable. Meanwhile, Diamond will seek approval of its reorganization plan from a U.S. bankruptcy judge on Thursday. The Friday objection does not mean that the Braves have turned away from Diamond for their regional media rights. On Friday, the Cincinnati Reds said they would exit their regional sport network owned by Diamond, according to a court filing.

Persons: Diamond didn't, Diamond, FanDuel, John Malone's, Malone Organizations: Major League Baseball, Atlanta Braves, Diamond Sports Group, Braves, MLB, Sports, Diamond Sports, Amazon, Bally Sports, Atlanta Braves Holdings, John Malone's Liberty Media, Liberty Media, Diamond, Louis Cardinals, Miami Marlins, Cincinnati Reds

☆ Trump reiterates no plans to sell DJT after election win; stock soars
▼ + stars: | 2024-11-08 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

This photo illustration shows an image of former President Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Trump Media shares soared Friday after President-elect Donald Trump reaffirmed he has no plans to sell off his stake in the Truth Social operator, and called on authorities to investigate whoever suggested otherwise. Trump's announcement, posted on Truth Social, was his first personally written statement since his stunning victory against Democratic Vice President Kamala Harris in Tuesday's presidential election. DJT shares shot up more than 10% immediately following Trump's post, triggering a temporary trading halt due to volatility. Shares plunged more than 22% on Thursday, undoing some of the company's gains from a surging rally in the lead-up to the election.

Persons: Donald Trump, Kamala Harris, Trump Organizations: Trump Media, Democratic, Republican Locations: Washington ,, Tuesday's

☆ Why the election felt like the 2021 meme stock rally — but way bigger
▼ + stars: | 2024-11-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

The US election showed shades of the meme stock mania of early 2021. Ron DeSantis' Presidential Announcement with Elon MuskSimilarly, in February 2021, Cuban thanked members of Reddit's WallStreetBets forum for "changing the game" and "taking on Wall Street." Wall Street traders watched the swings in election betting markets to assess the state of the presidential race and inform their investments, Malek added. Trump Media & Technology Group, the parent company of Truth Social which counts the president-elect as its majority shareholder, unites several of these ideas. AdvertisementThere are clear parallels between the meme stock mania of early 2021 and the social-media chatter and betting-platform activity going into the election.

Persons: Elon Musk, Mark Cuban, —, Musk, Trump, Ron DeSantis, Cuban, Reddit's, dogecoin, Kamala Harris, It's, Neil Wilson, Keith, Gill, Young, Joe Rogan, Mark Malek, Siebert, Malek, Naeem Aslam, Tesla, Dan Coatsworth, AJ Bell Organizations: Service, GameStop, Florida Gov, Elon, Democratic, Trump, WSB, Wall Street, titans, Wall, Zaye, Markets, Trump Media & Technology Group, Truth, White Locations: America, Florida, Polymarket, WallStreetBets, . Washington

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