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☆ Google and Meta are creating so much new ad inventory, it's causing big price drops. Here's how much ads cost across the Big Tech giants.
▼ + stars: | 2023-08-04 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +6 min

Ad prices declined in the second quarter as new formats like Reels and Shorts rolled out. After some rough quarters, Google's and Meta's ad businesses are on the rebound , and they're creating so much short-form video ad inventory that the surge in supply is driving ad prices down. "Anytime you've got an influx of newer ad inventory, typically that inventory does come with lower ad pricing," he said. And Instagram Reels ad inventory is both plentiful and 39% cheaper than Instagram Feed ads, according to Tinuiti. Meta also added more ads to its Marketplace on Facebook, which dropped Facebook ad prices by 25%, Taylor said.

Persons: Shawndu Stackhouse, Tom Williams, Andy Taylor, Pacvue, Taylor, Tinuiti's Taylor, Mike Ryan, Meta, TikTok TikTok Organizations: Inc, Getty, Tinuiti, Brands, Google, Anadolu Agency, Meta, Facebook, CPM Locations: Google's, Northeast Washington, lockstep

☆ Amazon will soon let you order Doritos and Diet Coke along with your order from Whole Foods
▼ + stars: | 2023-08-02 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +4 min

Currently, customers have to order separately from Amazon Fresh, Whole Foods, and Amazon.com. Amazon would like to make it possible to order these kinds of snacks and beverages along with a Whole Foods order. But for now, don't expect to see Doritos or Diet Coke or other products with these banned ingredients in stores. Starting Wednesday, nonmembers in some US cities will be able to order Fresh groceries to their doorsteps — a service that has been limited to Prime members. "We will accomplish this by more intentionally bringing together Amazon Fresh, Whole Foods Market, Amazon Go, Amazon Style, and Global Specialty Fulfillment under one global leadership team."

Persons: Coke, Tony Hoggett, Amazon's, Hoggett, Tayfun Organizations: Bloomberg, Amazon, Foods, Service, Tesco, Anadolu Agency, Getty Images Bloomberg Locations: Wall, Silicon, nonmembers

☆ Amazon will soon let you order Doritos and Diet Coke from Whole Foods along with your organic kale
▼ + stars: | 2023-08-02 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +4 min

Currently, customers have to order separately from Amazon Fresh, Whole Foods, and Amazon.com. Amazon would like to make it possible to order these kinds of snacks and beverages along with a Whole Foods order. But for now, don't expect to see Doritos or Diet Coke, or other products with these banned ingredients in store. Starting August 2, non-members in select cities in the US will be able to order Fresh groceries to their doorsteps — a service that was limited to only Prime member holders previously. "We will accomplish this by more intentionally bringing together Amazon Fresh, Whole Foods Market, Amazon Go, Amazon Style, and Global Specialty Fulfillment under one global leadership team."

Persons: Coke, Tony Hoggett, Amazon's, Hoggett, Tayfun Organizations: Bloomberg, Amazon, Foods, Service, Tesco, Anadolu Agency, Getty Images Bloomberg Locations: Wall, Silicon

☆ Mega Millions jackpot hits $910 million. Here's the tax bill if you win
▼ + stars: | 2023-07-26 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

The Mega Millions jackpot grew to $910 million on July 26, 2023. Tayfun Coskun | Anadolu Agency | Getty ImagesThe Mega Millions jackpot has grown to an estimated $910 million, with the next high-stakes drawing on Friday at 11:00 p.m. The chance of hitting the Mega Millions jackpot is roughly 1 in 302 million. More than $111.4 million goes straight to IRSBefore collecting a dollar of the Mega Millions jackpot, there's a 24% federal withholding. watch nowHere's how federal taxes workThe multi-million dollar Mega Millions jackpot bumps the winner into the top federal income tax bracket, which is currently 37%.

Persons: Tayfun, John Loyd, Loyd Organizations: Anadolu Agency, Getty, Mega Locations: Fort Worth , Texas

☆ With the DOJ looming, a post-earnings move higher for this tech giant means 'we have to trim'
▼ + stars: | 2023-07-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

"Having Google win this ad tech case would reinforce the difficulty the government will have limiting tech platforms," Gallant said. Elsewhere, the European Commission is bringing a similar antitrust case against Google's ad tech business in the European Union. Bottom line At the Club, we're focused on the DOJ case because we have a significant position in Alphabet. Given the uncertainty around the antitrust case, if Alphabet stock moves higher post earnings Tuesday, we'll look to scale back our position in order to protect the broader portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim, Jonathan Kanter, Paul Gallant, Cowen, Gallant, Biden, we're, Jim Cramer's, Tayfun Organizations: U.S . Department, Big Tech, Nvidia, Biden administration's, Department, Google, DOJ, CNBC, European, European Union, The, Anadolu Agency, Getty Locations: U.S, View , California, United States

☆ Why are frozen vegetable prices so high? Blame war, fewer immigrants and California weather, say economists
▼ + stars: | 2023-07-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

"Some areas were just inundated," which had the effect of decreasing vegetable supply, Tronstad said. Overall, the state accounts for nearly half of U.S. vegetable production, according to California Polytechnic State University. George Rose/Getty ImagesBut weather — and its negative impact on crop supply — isn't the only contributor to higher prices for frozen vegetables. The higher prices give farmers a "strong incentive" to plant these commodity products over others (like vegetables), a dynamic that could decrease vegetable supply, Bodor said. Labor supply pressured by reduced Mexican migrationLong-term immigration trends are also serving to put upward pressure on labor costs for farmers, economists said.

Persons: Tayfun, Tronstad, Pam Knox, George Rose, Alison Bodor, Bodor, Trey Malone, Zach Rutledge, Rutledge, Russell Tronstad Organizations: Anadolu Agency, Getty, State, Central Valley . Citizen, Getty Images, California Department of Food, Agriculture, California Polytechnic State University, University of Georgia, Food, Growers, University of Arkansas, Labor, Michigan State University, University of Arizona U.S, Agricultural Workers Survey, University of California Locations: Lompoc , California, Sierra Nevada, Central Valley ., Getty Images California, brussels, U.S, Ukraine, Sacramento, San Joaquin Rivers, Rio Vista , California, Mexico, Davis

☆ How to save San Francisco
▼ + stars: | 2023-07-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +18 min

But treating San Francisco as some sort of outlier, a sui generis example of urban decay, is wrong, too. After I washed out back there I washed up on the Embarcadero, a typical San Francisco story. Because here's my one crazy trick to fix San Francisco: homes. Paul Chinn/The San Francisco Chronicle via Getty ImagesThis is just a matter of good old-fashioned supply and demand. To revive the city, San Francisco needs to get back to its freak-flag-flying roots.

Persons: Nobody's, I've, It's, it's, who'd, Paul Chinn, nix, aren't, rafter, Tayfun, Francis Wood, fixable, Berkeley, Adam Rogers Organizations: Liberal, Homelessness, Bay Area, Pride, Black Panthers, Washington Monthly, San Francisco, Getty, SF, Supervisors, Crafts, Planners, Foods, Anadolu Agency, Walgreens, Nordstrom, Unit Locations: San Francisco, Bay, Francisco, California, Black, Los Angeles, Boston , New York, Washington, United States, Barcelona, Paris, St, Barbary, Hong Kong, Mexico City, Angeles, Houston, Helsinki, East, Treasure, Emeryville

☆ San Francisco’s ‘doom loop’ is a warning for every American city. Here’s how we can fix it — before it’s too late.
▼ + stars: | 2023-07-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +18 min

If you want to rile up a San Francisco native, mention the doom loop. But treating San Francisco as some sort of outlier, a sui generis example of urban decay, is wrong, too. After I washed out back there I washed up on the Embarcadero, a typical San Francisco story. Because here's my one crazy trick to fix San Francisco: homes. To revive the city, San Francisco needs to get back to its freak-flag-flying roots.

☆ Analysis: Why the Supreme Court won't see a backlash this time
▼ + stars: | 2023-07-02 | by ( Harry Enten | ) edition.cnn.com time to read: +5 min

CNN —The Supreme Court handed down several key rulings this past week that dismayed liberals. This majority of Americans who wanted abortion to be legal nationally have maintained their stance since the Supreme Court officially struck down Roe in June 2022. Rather, it’s how many people simply didn’t care enough to pay close attention to the affirmative action case before the Supreme Court. Ipsos’ survey found that 43% of Americans wanted the Supreme Court to allow the government’s student loan forgiveness plan to move forward, while 40% did not. This led to a historically strong performance for the party in the White House during the 2022 midterm elections and a major backlash against the Supreme Court.

Persons: Joe Biden’s, Roe, Wade, Tayfun, Biden, hadn’t, Marquette, Ipsos, don’t, Wade didn’t Organizations: CNN, Supreme Court, Fox News, ABC News, Washington Post, Anadolu Agency, Getty, Pew Research Center, CBS, May Marquette University Law School, NBC, Roe, Supreme Locations: California, Kentucky, New York City, Marquette

☆ 10 Things in Tech: Twitter 2.0, how to create with AI, and Reddit employees' swag warning
▼ + stars: | 2023-06-14 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Twitter's new CEO, Linda Yaccarino, is looking to turn the site into an accurate, real-time source of information — Twitter 2.0. For Insider's most fascinating stories of the day, delivered right to your inbox, sign up for Insider Today. Twitter logo and Linda Yaccarino. Linda Yaccarino wants to turn the platform into a place where you can find accurate, timely information on hot topics with minimum effort. Reddit CEO Steve Huffman has told staff to avoid wearing branded gear amidst a mass revolt by the platform's users.

Persons: Nathan Rennolds, Linda Yaccarino, Tayfun, Isaac Brekken, —, Yaccarino, Nat Friedman, Rich, it's, Steve Huffman, Tesla, TikTok, Bernstein, Tim Levin, Hallam Bullock Organizations: Twitter, Insider, Anadolu Agency, Getty Images, Penske Media, Getty, Bloomberg, Nvidia, eBay, Ford, GM, Google, Toyota bZ4X AWD, Toyota, Washington DC, Everest Locations: London, New York, Washington, Everest's

☆ Energy stocks were due for Friday's rally. Here's how we're approaching our oil-and-gas names now
▼ + stars: | 2023-05-05 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

Oil stocks showed signs of life Friday, boosted by a sharp rise in crude prices. CTRA YTD mountain Coterra Energy YTD performance A bright spot in Friday's trading was Club holding Coterra Energy (CTRA), which rose as much as 9% before giving back some of those gains. "This is the beginning, I think, of a real trend in oil," Jim Cramer said Friday. Our calculus on energy stocks has changed as a result of this vicious move. HAL YTD mountain Halliburton YTD performance We took advantage of that notion early Friday with the Pioneer purchase.

☆ In race for efficient EVs, Mercedes taps F1 team to keep up with Tesla
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: +6 min

In this article MBG-FF Follow your favorite stocks CREATE FREE ACCOUNTLewis Hamilton of Great Britain drives the Mercedes AMG Petronas F1 Team W13 on race day during the 2023 Australian Grand Prix at Albert Park on April 2, 2023 in Melbourne. But Mercedes' F1 collaboration to build more efficient EVs faster is unprecedented because it embeds that racing mindset and technological expertise directly in product development. After decades of leadership in combustion-engine technology, legacy carmakers like Mercedes have lagged Tesla in electric vehicles. Mercedes' F1 team can help it get back in the race, said Steven Merkt, head of transportation solutions at TE Connectivity , a major autos supplier. Last year, Mercedes unveiled its EQXX concept car, a super-efficient EV capable of a range of more than 1,200 km (745 miles), which was jointly developed with the German premium carmaker's F1 team in England.

☆ Bicyclists are getting killed on American streets, and they want Congress to fix it
▼ + stars: | 2023-04-01 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

They're asking for e-bike tax credits and road safety funding, among other things. He's brought that message to Minnesota and federal lawmakers as part of his pro-bicycle advocacy for the last 20 years. This week, bike advocates from all 50 states descended on DC as part of the League of American Bicyclists' National Bike Summit. My kids tease me — please teach me how to ride a bike,'" Grilley said. Lindsey Nicholson/Getty ImagesElectrifying bike transportAdvocates for e-bike tax credits say they reduce the number of car trips people take, cutting emissions and congestion, and boosting public health.

☆ Here's what went wrong with Virgin Orbit
▼ + stars: | 2023-03-31 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +9 min

The deal, facilitated by a so-called blank check company, gave Virgin Orbit a valuation of nearly $4 billion. That debt gives the flashy British billionaire first priority of Virgin Orbit assets in the event of the now-impending bankruptcy. And Chief Strategy Officer Jim Simpson had also spent more than eight years in Boeing's satellite division before joining Virgin Orbit. That frustration continued after the pause, with employees confused by the lack of specifics about which investors were speaking to Virgin Orbit leadership. Virgin Orbit

☆ Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say
▼ + stars: | 2023-03-25 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

First Republic Bank headquarters is seen on March 16, 2023 in San Francisco, California, United States. Tayfun Coskun | Anadolu Agency | Getty ImagesWearing many hatsThe dynamic has put big banks like JPMorgan and Goldman Sachs in the awkward position of playing multiple roles simultaneously in this crisis. JPMorgan, Bank of America, Citigroup and Wells Fargo representatives declined to comment for this article. "There's been a lot of ins and outs, but people are still putting money into the big banks." While the deposit flight from smaller banks has slowed, the past few weeks have exposed a glaring weakness in how some have managed their balance sheets.

☆ She was weeks away from maternity leave at Twitter. Then Elon Musk took over
▼ + stars: | 2023-03-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +14 min

Twitter now reportedly has fewer than 2,000 employees following more cuts late last month, down from around 7,500 before Musk took over. CNN“We were on the Twitter-coaster, the Elon Musk chapter, for seven months,” Ali said. De Caires is one of the former Twitter employees taking legal action against the company following mass layoffs after Musk took over. Jeff Chiu/APInstead, Twitter employees say they heard very little from their new leader in the days immediately after his takeover. Attorney Shannon Liss-Riordan is representing around 1,500 former Twitter employees taking legal action against the company following Musk's takeover.

☆ Due diligence is top of mind for Wall Street in the wake of blowups at Frank and FTX. Here's what it means for the state of M&A.
▼ + stars: | 2023-01-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In the long list of boring, behind-the-scenes stuff for deals to get done, due diligence ranks close to the top. One of the more fascinating knock-on effects is how buyers might leverage FTX and Frank as a way to get better terms on deals. Click here to read more about the new state of due diligence in the wake of FTX and Frank. I know you're a passionate bunch, so we compiled everything Wall Street is saying about the EV maker's fourth-quarter earnings. Which fast-food joint has the best coffee?

☆ Southwest CEO maps out a recovery after holiday meltdown: 'We have work to do'
▼ + stars: | 2023-01-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +8 min

Tayfun Coskun | Anadolu Agency | Getty ImagesSouthwest CEO Bob Jordan's message, after a holiday meltdown derailed the travel plans of millions, is clear: "I can't say it enough. The low-cost airline is working with General Electric to improve the capabilities of software that helps Southwest work out crew reassignments. Southwest said it offered premium pay to flight attendants and $45 million in "gratitude pay" to pilots because of the meltdown. He said that a recent fare sale was successful and that many customers are redeeming the frequently flyer points for Southwest flights. "This payment constitutes full and final settlement of your claim with Southwest Airlines."

☆ Google job cuts hit 1,800 employees in California, including 27 massage therapists
▼ + stars: | 2023-01-24 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Google headquarters is seen in Mountain View, California, United States on September 26, 2022. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images)Google eliminated over 1,800 jobs in its home state California as part of the biggest round of layoffs in company history. Some 1,436 jobs were cut in Mountain View, where Google is based, while 119 were in San Bruno, home to YouTube. The cuts also included 27 in-house massage therapists, with 24 in Mountain View and three in the Southern California markets of Los Angeles and Irvine. There were 60 cuts in Irvine.

☆ Wife of slain NYPD officer Jason Rivera says she’s expecting their ‘miracle’ baby one year after Harlem shooting
▼ + stars: | 2023-01-21 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

The widow of a New York City police officer fatally shot in Harlem one year ago announced that she is expecting their "miracle" baby. "Although Jason won’t be here in physical form to see and experience our miracle, I know he will always be here in spirit watching, protecting and loving us," Dominique Rivera, wife of NYPD officer Jason Rivera, said at a memorial mass on Saturday at St. Patrick’s Cathedral. And as a family, we will vow to never forget and honor Jason’s tremendous legacy of service and ultimate sacrifice." Thousands of NYPD officers attend the funeral of Officer Jason Rivera at St. Patrick's Cathedral on Jan. 28, 2022 in New York. Dominique Rivera said the past year has been "unbearable" and there were times when she felt like she had lost herself.

☆ Here are the layoff severance packages Google, Microsoft, Amazon and other tech giants have promised
▼ + stars: | 2023-01-20 | by ( Rohan Goswami | ) www.cnbc.com time to read: +5 min

Laid-off employees would also have "at least" 16 weeks of share vesting accelerated, Pichai said in a memo to employees. Benefit-eligible U.S. employees are to receive severance, six months of healthcare and stock vesting, and 60 days of notice, Nadella wrote. Human resources head Beth Galetti said the company will offer a separation payment, health benefits as applicable by country and job placement. This matters to Amazon employees, as the company's compensation has historically been weighted heavily to stock. Benioff's letter to employees also said that laid-off employees would receive health insurance benefits and career resources for an unclear duration.

☆ This is what I want to buy from Twitter's HQ auction
▼ + stars: | 2023-01-18 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Twitter headquarters is seen in San Francisco, California, United States on October 28, 2022 Tayfun Coskun / Anadolu Agency1. $44 billion for Twitter — going once, going twice, sold. But a 6-ft. @ symbol, office chairs, a pizza oven, and more remain on sale from the Twitter San Francisco headquarters. Corvette, Corvette, hop in an electric jet by jet. Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Matt Weinberger (tweet @gamoid) in San Francisco and Hallam Bullock (tweet @hallam_bullock) in London.

☆ Markets rally on signs inflation is abating, as investors look to next week's consumer price data
▼ + stars: | 2023-01-06 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Later in the day, markets were also buoyed by the ISM's nonmanufacturing purchasing managers' index, which said the services industry contracted last month. The next big test will be December's consumer price index report, to be released Thursday. Meanwhile, the fourth-quarter earnings season kicks off next Friday, when the banks – including Club holding Wells Fargo (WFC) – are set to report. On Thursday, the December ADP employment report was released, showing an additional 235,000 jobs, well above the 153,000 expected by analysts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Flood watches are in effect for 12 million people in Central and Northern California. The cyclone will send a pair of warm and cold fronts over Northern California, which is already rain-soaked. “When you have more water vapor in the air because the air is warmer — you can transport more water vapor quickly,” Ralph said. Although some smaller reservoirs in Northern California have filled up, larger reservoirs still have the capacity to absorb more. “I think we will have largely alleviated the short-term drought in Northern California," Swain said.

☆ Photos show record California floods led to boat rescues, mudslides, and breached levees. More rain is coming.
▼ + stars: | 2023-01-02 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

An atmospheric river dumped record rainfall across Nothern California on New Year's Eve. A car is partially submerged on a flooded road after heavy rains in San Francisco, California, December 31, 2022, in this screengrab obtained from a social media video. Tayfun Coskun/Anadolu Agency via Getty ImagesOakland saw its wettest day on record on Saturday, and San Francisco was just shy of its record. Another person died after being pulled from the waters, according to the San Francisco Chronicle. In Tahoe, the atmospheric river dumped snow onto roadways that left some drivers stranded and prompted authorities to close major roadways.

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