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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSnowflake's outgoing and incoming CEOs talk earnings with Jim CramerSridhar Ramaswamy, incoming Snowflake CEO, and Frank Slootman, outgoing Snowflake CEO, joins 'Mad Money' host Jim Cramer to talk earnings, guidance and more.
Persons: Jim Cramer Sridhar Ramaswamy, Frank Slootman, Jim Cramer Organizations: Snowflake
Read previewHeavy rainfall created a temporary lake in Death Valley National Park, one of Earth's driest locations, prompting travelers to take a potentially once-in-a-lifetime swim. The unexpected phenomenon began earlier this week at Death Valley's Badwater Basin after recent rainstorms battered California. Tourists wading through Death Valley's temporary lake. Tourists paddle boarding and wading in Death Valley's temporary lake. Two tourists sit beside Death Valley's temporary lake.
Persons: , Ty ONeil, Andler, DAVID SWANSON, Heather, Bob Gang, Heather Gang, Guo Yu, hydrometeorology, Tiffany Pereira Organizations: Service, Lake Manly, National Park Services, Business, Associated Press, AP, Tourists, Research, Getty Locations: Death, California, Badwater, Lake, Lake Manley, Southern California
— Alex Harring 6:46 a.m.: HSBC sees Snowflake pulling back after rally Snowflake's good news has already been priced in with a recent rally, according to HSBC. Analyst Sara Russo upped her price target by $26 to $72, now implying a smaller downside of 43%. — Alex Harring 6:05 a.m.: Macquarie moves to sidelines on Sony There's reasons for pause on Sony , Macquarie warned. Still, the analyst noted the "many" risks to the stock price, including valuation and if the ETFs become a competitor to Coinbase itself. The bank initiated coverage of the medical technology stock with a buy rating and a price target of $100 per share.
Persons: Ulta, Oppenheimer, Rupesh, Parikh, Alex Harring, Snowflake, Stephen Bersey, Bersey, Bernstein, Sara Russo, Russo, — Alex Harring, Skechers, Jesalyn Wong, Wong, Macquarie, Damian Thong, Thong, deconsolidation, Colin Isaac, Eastman, Isaac, EBITDA, Piper Sandler, Harsh Kumar, Kumar, Kenneth Worthington, Worthington, Sezgi Oezener, Taha Kass, Oezener, Fred Imbert Organizations: CNBC, JPMorgan, HSBC, GE Healthcare, ISI, Distributors, Sony, Macquarie, U.S, Eastman, Eastman Chemical, Nvidia, GE Healthcare HSBC, General Electric, Learning, Amazon, Science & Technology Locations: Wednesday's, Sony's U.S, premarket, Coinbase
According to financial disclosure documents that Lake filed as part of her US Senate bid on Tuesday, the former TV anchor made at least $175,000 from paid speeches and book royalties. The other $75,000 came from speeches Lake gave to conservative groups in Texas, California, New York, and Idaho, sometimes netting $15,000 for one appearance. In a statement, a Lake spokesperson accused the media of having "Kari Lake derangement syndrome." Advertisement Lake did file a financial disclosure when she ran for governor, disclosing her position as a communications advisor for DeWit's firm. Lawmakers on both the left and the right have, in some cases, managed to make more than their salaries via book sales.
Persons: Kari Lake, Donald Trump, hasn't, Lake, Ruben Gallego, Sen, Kyrsten Sinema, Kari Lake derangement, Jeff DeWit, DeWit, Kari, Democratic Sens, Raphael Warnock, Elizabeth Warren, Ted Cruz, Tom Cotton Organizations: Business, Winning Team Publishing, Trump, Democratic, Superfeed Technologies, Arizona GOP, Lake, Governor Locations: Arizona, Texas , California , New York, Idaho, Sens
By Anirban Sen(Reuters) - Merchant bank BDT & MSD Partners, the owner of Alliance Laundry Systems, is exploring a sale of the U.S. laundry equipment manufacturer that could value it at nearly $5 billion, including debt, according to people familiar with the matter. BDT & MSD Partners, Alliance Laundry, and Morgan Stanley declined to comment. It supplies laundry systems to U.S. military facilities, laundromat chains, hotels, long-term healthcare facilities and clinics, restaurants, fire stations, residential apartments, and other businesses across sectors. In 2015, Ontario Teachers’ Pension Plan sold its majority stake in Ripon, Wisconsin-based Alliance Laundry to BDT Capital Partners, prior to its merger with MSD Partners. BDT & MSD Partners is run by former Goldman Sachs alumni Trott and Gregg Lemkau.
Persons: Anirban Sen, Morgan Stanley, Michael, Byron, Primus, Goldman Sachs, Trott, Gregg Lemkau, Silver, Armour, Shari Redstone, Chizu Nomiyama Organizations: Reuters, Merchant, MSD Partners, Alliance Laundry Systems, Alliance, Laundry, BDT Capital Partners Locations: Ontario, Ripon , Wisconsin, New York
Brad Burns, the now former chief communications officer at Salesforce, has joined Snowflake in the same role, the data-cloud company said Wednesday in a press release. At Snowflake, Burns will spearhead communications strategy and advise company leadership. Snowflake's revenue growth and that of the rest of the cloud industry slowed earlier this year as customers tightened cloud budgets after a pandemic-fueled spending spree in 2020 and 2021. Related storiesFrank Slootman, Snowflake's chair and CEO, was previously rumored to be leaving the company, Business Insider reported. Burns joined Salesforce as chief communications officer in 2018.
Persons: Brad Burns, Burns, He's, Frank Slootman, Slootman, Bob Muglia, Bret Taylor's, Salesforce, Ellen Thomas Organizations: Business Locations: Snowflake, ethomas@insider.com
Read previewThe chairman of the Arizona Republican Party resigned on Wednesday, alleging the GOP Senate candidate Kari Lake all but forced him into doing so. Lake, apparently recording the in-person interaction herself, can be heard repeatedly rejecting the entreaties, saying she wouldn't even do it for $1 billion. Lake later told NBC News in Hampshire — where she was attending the election night party for former President Donald Trump — that DeWit should resign. "I received an ultimatum from Lake's team: resign today or face the release of a new, more damaging recording," said DeWit. AdvertisementIn a statement to Business Insider, a spokesman for the Lake campaign denied DeWit's account, saying that "no one from the Kari Lake campaign threatened or blackmailed DeWit."
Persons: , Kari Lake, Jeff DeWit, who's, Soo, DeWit, Sen, Kyrsten, Lake, Donald Trump, He's, 8tF4sodXf3, 4XBSzoVyYL — Vaughn Hillyard, Katie Hobbs —, Ruben Gallego Organizations: Service, Arizona Republican Party, GOP, Business, Daily Mail, Lake, Senate, NBC News, Republican Party, U.S . Senate, Arizona GOP, Democratic Gov, Democratic Locations: East, Hampshire —, Arizona
Justin Timberlake has announced his first album in almost six years. After performing a concert for fans on Friday, he revealed the upcoming album on Instagram. Timberlake also shared a snippet of the studio version of "Selfish" on his TikTok account. AdvertisementFollowing the concert, Timberlake wrote on Instagram that his sixth solo album will be titled "Everything I Thought It Was." "Everything I Thought It Was…A Sonic Film" has also been trademarked by the same company, possibly suggesting that a film could accompany the upcoming album.
Persons: Justin Timberlake, , Timberlake, Instagram, Benicio Del, Reddit, Jimmy Fallon, Timberlake's, Timbaland, Nelly Furtado Organizations: Service, Memphis, Orpheum, Billboard Locations: Benicio Del Toro
TRAVERSE CITY, Mich. (AP) — A man who fell through the ice on a frozen Michigan lake was rescued after a quick-thinking state police officer used the stranded man's dog to get rescue equipment to him and pull the man to safety. Bystanders called 911 on Thursday after the 65-year-old Traverse City man fell through ice-covered Arbutus Lake, state police said. It shows Bennetts first trying to throw a rescue disc tethered to a rope out to the man. Come here Ruby!” Bennetts shouts in the video before whistling for the canine, which runs to him and arrives tail wagging. The officer ties the rescue disc to the dog's collar and asks the man to call Ruby back to him.
Persons: Kammeron Bennetts, Bennetts, , Will, Ruby, MCO Bennetts, RUBY Organizations: Mich, Michigan State Police Motor, 7th, MCO, Creative Locations: CITY, Michigan, Traverse City, Arbutus Lake, 7th District
A chance to travel again felt exciting and overwhelmingAnd then in April 2021, we had some news. And traveling with a baby is very similar to traveling solo in that people are much kinder to you. Having a baby actually made exploring a new country easierWith Guy at work most days, Blake and I went exploring. Traveling with a baby is weirdly similar to solo travel in that every small victory feels huge. Excerpted from "A Trip of One's Own: Hope, Heartbreak, and Why Traveling Solo Could Change Your Life" (Sourcebooks, May 3, 2022).
Persons: Blake, I'd, Guy, whisking, Thelma, Louise, soiling, Jeanne Baret, Blake greedily, I'm Locations: Spain, Cadiz, Southern Spain, London, Mauritius, East Africa, Sourcebooks
Within two months of ChatGPT's launch, the groundbreaking chatbot amassed 100 million users, wowing investors, consumers and Wall Street with its ability to compose human-like text and hold a conversation. A year later, Wall Street hasn't stopped obsessing over it. Megacap technology stocks also prospered amid the newfound investor focus on AI. MSFT 1Y mountain Microsoft shares over the last year Rounding out the megacap list, both Meta Platforms and Amazon have rallied more than 177% and 51%, respectively. Salesforce shares surged more than 9% during Thursday's session on the back of a stronger-than-expected quarterly print .
Persons: , hasn't, Alphabet, Mark Zuckerberg, Andy Jassy, Salesforce, Brent Thill, CNBC's, Snowflake's, ChatGPT, Brad Gerstner Organizations: Federal, Nvidia, Devices, Marvell Technology, Microsoft, OpenAI, Meta, Amazon, CNBC, Semiconductor, Oracle, Jefferies, Technologies Locations: Salesforce
Check out the companies making headlines before the bell: Salesforce — Salesforce popped more than 9% after the cloud software company reported fiscal third-quarter earnings that beat analysts' expectations. Snowflake posted adjusted earnings of 25 cents per share on revenue of $734 million. It also issued first-quarter and full-year earnings guidance that also topped estimates. On Wednesday, the company announced a $10 billion share buyback, raised its dividend and reinstated its full-year guidance. Pure Storage — The data storage stock tumbled 14.5% in Thursday's premarket after offering a weak revenue outlook.
Persons: Salesforce, Nutanix, Snowflake, Morgan Stanley, Robinhood, James Heaney, Synopsys — Synopsys, FactSet, Goldman Sachs, — CNBC's Brian Evans, Michelle Fox, Alex Harring, Jesse Pound, Samantha Subin Organizations: LSEG, Hewlett Packard Enterprise, Nvidia, Jefferies, General Motors, Ford, Ford Motor, United Auto Workers Locations: U.K, Thursday's
A man told the BBC that a spider laid eggs in his toe during a cruise ship stop in France. But experts told BI spiders don't lay eggs in bodies, and questioned whether Blake was even bitten. AdvertisementA BBC report about a cruise passenger who said that he was bitten by a wolf spider, which then laid eggs inside his toe, went viral on Monday. "One of the spider eggs hadn't been flushed and must have hatched," Blake said, per the BBC, which added that the spider was identified as a Peruvian wolf spider. Neither were aware of a species called a "Peruvian wolf spider."
Persons: Colin Blake, Blake, , Lena Grinstead, Sara Goodacre, Goodacre, it's Organizations: BBC, Service, University of Portsmouth Locations: France, Marseille, Peruvian, Grinstead, Goodacre, Europe
People who claimed the power to control nature and the energy resources around them saw the environment as a tool to be used for progress, historians say. Over hundreds of years, that impulse has remade the planet's climate, too — and brought its inhabitants to the brink of catastrophe. Tapping nature for its resources drove progress and productivity for some, but it's also been a major driver of emissions and environmental degradation. By the mid-19th century, steam power was adopted in manufacturing, cotton mills, steam ships and locomotives around the world, turning coal into a global trade. Centuries later, the United Kingdom has nearly weaned itself off coal, with weeks or months at a stretch where the national grid gets no coal power.
Persons: , Luis Zambrano, it's, Anya Zilberstein, ” Zilberstein, Vera S, Candiani, Jan Golinski, , ” Golinski, Deborah Coen, Andreas Malm, Barak, it’s, J.R, McNeill, ” McNeill, Victor Seow, Elizabeth Chatterjee, “ Indira Gandhi, Chatterjee, Joshua Howe, Howe, Yale's Coen, , ” Howe, Fredrik Albritton Jonsson, Jonsson Organizations: National University Autónoma, Concordia University, Mexico City —, America, Princeton, University of New, Yale, Lund University, Tel Aviv University, Laboratory, Global, Project, Energy, Georgetown University, Communist, University of Chicago, Reed College, . Environmental Protection Agency, U.S, AP Locations: Nations, Mexico, Lake Texcoco, Montreal, Spanish, University of New Hampshire, Maui, Britain, Sweden, , India, Egypt, Nigeria, Ottoman Empire, United Kingdom, Cumbria, England, Wales, Scotland, China, Japan, U.S, Europe, United States, British, Portland , Oregon
NEW YORK (AP) — Everything from rap to yacht rock, country and alt-rock are represented among the nominees for the 2024 Songwriters Hall of Fame, with nods for Public Enemy, Steely Dan, Bryan Adams, George Clinton, Tracy Chapman, R.E.M., Blondie, Heart and The Doobie Brothers. Adams, R.E.M., Blondie, The Doobie Brothers and Heart were also nominated last year but didn't make the final cut. Last year's inductees included Snoop Dogg, Gloria Estefan, Sade, Jeff Lynne, Glen Ballard and Teddy Riley. The Songwriters Hall of Fame was established in 1969 to honor those creating the popular music. A songwriter with a notable catalog of songs qualifies for induction 20 years after the first commercial release of a song.
Persons: Steely Dan, Bryan Adams, George Clinton, Tracy Chapman, R.E.M, Doobie, Kenny Loggins, Nashville hitmaker Hillary Lindsey, Timbaland, Justin Timberlake's “, , Missy Elliot's, Michael Stipe, Ann, Nancy Wilson, Heart, Adams, Clinton, Debbie Harry, Chris Stein, Clem Burke, Blondie, Chapman, Luke Combs, didn't, Snoop Dogg, Gloria Estefan, Sade, Jeff Lynne, Glen Ballard, Teddy Riley, Randy Bachman, Burton Cummings, Tom Johnston, Patrick Simmons, Michael McDonald —, David Gates, Chuck D, Flav, Steely Dan —, Donald Fagan, Walter Becker —, Maurice Starr, Tony Macaulay, Dean Dillon, Russell Brown, Narada Michael Walden, Roger Nichols, Dennis Lambert, Brian Potter, Loggins, Dean Pitchford, Elvis Presley, Gladys Knight, Tom Jones, Carole King, Paul Simon, Billy Joel, Jon Bon Jovi, Richie Sambora, Elton John, Bernie Taupin, Brian Wilson, James Taylor, Bruce Springsteen, Tom Petty, Lionel Richie, Bill Withers, Neil Diamond, Phil Collins, ___ ___ Mark Kennedy Organizations: Hall of Fame, Nashville, Little Big Town, Associated Press, Country Music Association, Roll Hall of Fame Locations: R.E.M
A 43 year-old hedge fund exec was revealed as one of the world's leading deep-sea treasure hunters. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA hedge fund executive has been unmasked as one of the world's leading deep-sea shipwreck hunters after a Bloomberg Businessweek investigation uncovered his decades-long hunt for sunken treasure worth billions. Marshall Wace is one of the world's biggest hedge funds, managing assets worth about $62 billion. AdvertisementThe technology has allowed wealthy individuals like Clake to fund exploration of the seabeds.
Persons: , Anthony Clake, Marshall Wace, He's, Clake Organizations: Service, Bloomberg Businessweek, Bloomberg, SS, Colombian, US, Business Locations: London, American, South Africa, Africa, Spanish, Colombian, Bolivian, San
Scientists say such extreme weather is becoming increasingly common globally because of climate change, which also intensifies the effects of El Nino. Never before has Lake Titicaca dried up like it is now. Experts say many of the factors contributing to the shrinking of Lake Titicaca could be linked to climate change. In global terms we have climate change, and phenomena such as El Nino and La Nina, which cause floods and droughts." Back at Lake Titicaca, Fredy Aruquipa, the person in charge of monitoring the lake's water level, watches it decline daily.
Persons: Alex Flores, Claudia Morales, Manuel Flores, El, Flores, Xavier Lazzaro, Rodney Camargo, La Nina, Fredy Aruquipa, Monica Machicao, Sergio Limachi, Isabel Woodford, Adam Jourdan, Andrea Ricci Organizations: REUTERS, El, Friends, Nature Foundation, El Nino, La, Thomson Locations: Lake Titicaca, Bolivia, South, El Alto, El Nino, Titicaca, United States, Asia
Cramer's Lightning Round: Buy AutoZone
  + stars: | 2023-11-09 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon Broadcom's year-to-date stock performance. Stock Chart Icon Stock chart icon Snowflake's year-to-date stock performance. Stock Chart Icon Stock chart icon AutoZone's year-to-date stock performance. Stock Chart Icon Stock chart icon Novo Nordisk's year-to-date stock performance. Stock Chart Icon Stock chart icon Gogo's year-to-date stock performance.
Persons: I've, Lilly, you've, Jim Cramer's Organizations: Systems, New York Stock Exchange, Novo, Novo Nordisk, Nordisk Locations: Snowflake
Shopping in Green Lake. A small-town hotel for saleOne day while on his computer, Rogatz saw that a small hotel — the Green Lake Inn — was for sale. The Green Lake Inn. An ice sailing race on Green Lake. Source: Our Green Lake
Persons: Matt Rogatz, Rogatz, Brio, I've, it's, He's Organizations: CNBC Travel, Chicago Locations: Chicago, Green Lake , Wisconsin, Green Lake, Wisconsin, Green, Geneva
[1/2] Isabel Apaza shows the area of Lake Titicaca without water in drought season, in Huarina, Bolivia August 3, 2023. REUTERS/Claudia Morales/File Photo Acquire Licensing RightsLIMA, Nov 3 (Reuters) - The water level at Lake Titicaca on the Peru-Bolivia border is edging towards a record low, exacerbated by the weather phenomenon known as El Nino that is expected to get still more intense in coming months. Severe drought conditions and unusually high temperatures have caused the shoreline to shrivel at Titicaca, South America's largest lake and the world's highest navigable body of water. The water level is now around 13 inches (33 cm) above its record low recorded in 1943. Over the past seven months, the lake's water level has fallen 29 inches (74 cm), according to Senamhi data.
Persons: Isabel Apaza, Claudia Morales, El, Milagros Quispe, Nino, El Nino, Marco Aquino, David Alire Garcia, Rosalba O'Brien Organizations: REUTERS, Rights, El Nino, El, Thomson Locations: Lake Titicaca, Huarina, Bolivia, Peru, shrivel, Titicaca, South America's
[1/5] Aerial view shows Lake Kivu and the skyline of the city of Goma, North Kivu province, Democratic Republic of the Congo October, 21, 2023. First to be auctioned were three methane blocks in Lake Kivu, sometimes dubbed a "killer lake" because of a risk of deadly eruption. The documents do not show why Alfajiri was included in the auction, who requested that the report be edited, or why. Lake Kivu is one of three lakes in Africa scientists say are at risk of limnic eruption. The report's second version - also dated Dec. 8 and seen by Reuters - raised Alfajiri's score to 55.75, putting it ahead of Winds.
Persons: Arlette, Felix Tshisekedi, Alfajiri, Didier Budimbu, Christian Hamuli, Hamuli, Joseph Nzau, Budimbu, Alfajiri's Hamuli, vulcanologist Dario Tedesco, Alfajiri's, Frank Ihekwoaba, Alessandra Prentice, Bate Felix, Joe Bavier, Frank Jack Daniel Our Organizations: Democratic, REUTERS, Reuters, Alfajiri Energy Corporation, Investigative Journalism, Exploration, Ray Group, Ray, Thomson Locations: Lake Kivu, Goma, North Kivu province, Democratic Republic of, Congo, Democratic Republic of Congo, Canada, Calgary, Rwanda, Kivu, Africa, Congolese, U.S
It's not too late for investors to ride along with MoonLake Immunotherapeutics despite the Swiss biotech having more than quadrupled in price this year, according to Stifel. Shares of MoonLake have soared 354% in 2023, but Stifel believes more gains lay ahead. MLTX YTD mountain MLTX YTD chart Analyst Alex Thompson believes MoonLake's sonelokimab drug, which targets diseases in dermatology and rheumatology, could eventually achieve $4.2 billion in U.S. revenue. The next trial readout for the drug is in psoriatic arthritis, with data expected in early November. "We view recent acquisitions in the TYK2 and TL1A space ($4-11B) as supportive of Strategics' interest/willingness to pay premiums in these markets," Stifel noted.
Persons: It's, MoonLake Immunotherapeutics, Stifel, Alex Thompson, we've, Thompson, MoonLake, — CNBC's Michael Bloom
Britney Spears poses at the premiere of "Once Upon a Time In Hollywood" in Los Angeles, California, U.S., July 22, 2019. I always expected us to have a family together one day," Spears wrote. Had it been her decision alone, Spears wrote, "I never would have done it. Spears' highly anticipated memoir comes nearly two years after she was released from a 13-year court-ordered conservatorship set up and controlled by her father, Jamie Spears. The memoir's title apparently was taken from a line in the book in which Spears wrote, "The woman in me was pushed down for a long time.
Persons: Britney Spears, Mario Anzuoni, Justin Timberlake, Spears, , Justin, , Timberlake, Mickey, Kevin Federline, Sam Asghari, Asghari, conservatorship, Jamie Spears, Simon, Schuster, Steve Gorman, Rod Nickel Organizations: REUTERS, Reuters, Mickey Mouse, Books, Thomson Locations: Los Angeles , California, U.S, Los Angeles
Kari Lake on Tuesday launched her bid for the Republican Senate nomination in Arizona. But during her kickoff, Lake didn't focus on grievances and instead framed election integrity as a bipartisan issue. (The move likely dooms the prospects of Blake Masters, the unsuccessful 2022 Senate nominee who The Wall Street Journal previously reported had been set to jump into the 2024 Senate race.) AdvertisementAdvertisementLake defeated Karrin Taylor Robson in last year's Arizona Republican gubernatorial primary. In last year's gubernatorial election, Lake earned 49.6% of the vote, losing by about 17,000 votes out of nearly 2.6 million ballots cast.
Persons: Kari Lake, Trump's, , Donald Trump, Katie Hobbs, Lake, Trump, Blake Masters, Mario Tama, It's, Doug Ducey, Sen, Jon Kyl, John McCain, Karrin Taylor Robson, Justin Sullivan, John Barrasso of, John Cornyn of, Steve Daines, Mitch McConnell, Kyrsten Sinema —, Ruben Gallego, Gallego, Sinema, she'll, Kyrsten Sinema, Chip Somodevilla, Republican Pinal County Sheriff Mark Lamb, who's Organizations: Republican, Service, Democratic, Lake, Trump, Street, Democrat, GOP, Arizona, Regents, Arizona Republican, Washington Republicans, Politico, Capitol, Senate Republican Conference, National Republican Senatorial, Democratic Party, Democratic Rep, Emerson College, Republican Pinal County Sheriff, Republicans, Democrats Locations: Arizona, Mexico, Washington, John Barrasso of Wyoming, John Cornyn of Texas, Montana, Kentucky, Republican Pinal County
Cramer's Lightning Round: Veeva is a buy
  + stars: | 2023-10-09 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Veeva's year-to-date stock performance. Stock Chart Icon Stock chart icon US Bancorp's year-to-date stock performance. Stock Chart Icon Stock chart icon Marvell's year-to-date stock performance. Stock Chart Icon Stock chart icon Snowflake's year-to-date stock performance. Stock Chart Icon Stock chart icon Teekay's year-to-date stock performance.
Persons: they'll, Stock's, Frank Slootman's, Gray, I'm, that's Organizations: US Bancorp, American Electric, Marvell, Gray Television
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