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☆ Amazon is opening Fresh supermarkets after yearlong stall — but many locations remain vacant
▼ + stars: | 2024-09-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +9 min

In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNTWorkers stock shelves at an Amazon Fresh grocery store in Seattle, Washington, US, on Thursday, May 2, 2024. As part of the Fresh store redesign, Amazon created a more colorful layout and added Krispy Kreme donut and coffee stalls. "We like the early results a lot," Jassy said on the company's first-quarter earnings call in April, referring to the revamped Fresh stores. Amazon declined to comment on the status of the Fresh stores that remain unopened. "You walk into the Amazon Fresh store in Roseville and it feels like you're in a stainless steel wine cellar," Thill said.

Persons: David Ryder, Joe Knowles, Bensalem, it's, Andy Jassy's, Jassy, CNBC it's, It's, Ted Weill, AlbaneseCormier, Weill, they've, Brent Thill, Thill Organizations: Amazon, Bloomberg, Getty, CNBC, Foods, Walmart, Jefferies, Anadolu, Mart, Shoppers, Aldi, Rancho Mirage Locations: Seattle , Washington, US, Philadelphia, Bensalem , Pennsylvania, California , Illinois, Maryland , New Jersey, Virginia, Illinois, California, Amazon's, U.S, Woodland, Los Angeles, San Mateo , California, United States, Pennsylvania , New Jersey , New York , Florida, Washington, Florida, Mirage , California, Palm Springs, Italian, Sacramento, Roseville, Amazon

☆ Beyoncé says that raising her 3 children isn't 'easy': 'It takes a lot of prayer and patience'
▼ + stars: | 2024-09-10 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

Knowles-Carter told the magazine that she organizes her work around her family's schedule. Knowles-Carter has three children with her husband, Jay-Z: her twins and her 12-year-old daughter, Blue Ivy. Beyoncé initially didn't want Blue Ivy to perform on tourOn the "Renaissance" tour, Blue Ivy joined her mother onstage, performing choreography to the songs "My Power" and "Black Parade." Knowles-Carter told GQ that initially, she didn't want Blue Ivy to perform with her, despite knowing that her daughter was an "artist." Despite letting her baby girl onstage, Knowles-Carter said her main priority is ensuring she gives her children a life of normality.

Persons: —, Beyoncé Knowles, Carter, Knowles, Rumi, Sir, Jay, Blue Ivy, Beyoncé, Ivy, I've, isn't Organizations: Service, GQ, Business, Blue Locations: Paris

☆ Fyre Festival II has no lineup, no location, and no actual date — but mastermind Billy McFarland insists it's still happening
▼ + stars: | 2024-09-05 | by ( Palmer Haasch | Olivia Singh | ) www.businessinsider.com time to read: +9 min

Here's everything we know about Fyre Festival II — and be warned, it's not a lot. "It really all started during this seven-month stint in solitary confinement," he said in the Fyre Festival II announcement video. When and where is Fyre Festival II? Who's on the lineup for Fyre Festival II? He also said he was working with "one of the biggest production companies" on a deal to produce "Fyre Festival: The Broadway Musical," which is admittedly much more intriguing than the prospect of another Fyre Festival itself.

Persons: —, Billy McFarland, McFarland, it's, Heath Miller, wouldn't, Victoria Medvedenko, Cooper Sinkiawic, they're, Netflix McFarland, I've, McFarland didn't Organizations: Service, YouTube, Business, Twitter, Entertainment, Netflix, Ministry, Tourism, CBS News, The, Wall Street, WSJ, Coral, Fyre, Fyre Media, Washington Post, CBS, Karate Locations: Great, Bahamas, New York, Fyre, Caribbean, The Bahamas, Honduras, Belize, Turks, Caicos, Jamaica, Panama, Coral View

☆ Amazon is 'joint employer' of some contracted delivery drivers, labor group says
▼ + stars: | 2024-09-04 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

A group of Amazon delivery drivers hold a labor strike at the DAX7 Amazon Sortation Center in South Gate. Amazon should be considered a "joint employer" of some of its contracted delivery drivers, a regional director for the National Labor Relations Board said Wednesday. Amazon has fought to avoid being designated as a joint employer of its sprawling network of contracted delivery companies. Over the past year, the Teamsters has stepped up its efforts to organize Amazon delivery and warehouse workers. Since then, it's led a number of strikes at Amazon delivery facilities, while a labor group at an Amazon warehouse on New York's Staten Island opted to affiliate with the Teamsters in June.

Persons: it's, Kayla Blado, litigating Organizations: Amazon Sortation, National Labor Relations Board, NLRB, Amazon, MJB Logistics, Teamsters Locations: South Gate, Atlanta, Palmdale , California, New, Staten, Palmdale

☆ U.S. safety regulator calls for probe of Temu, Shein over 'deadly baby and toddler products'
▼ + stars: | 2024-09-04 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Two U.S. Consumer Product Safety Commission members are urging the agency to probe safety practices of "foreign-owned" e-commerce platforms such as Shein and Temu, specifically the alleged sale of "deadly baby and toddler products." "Our interests are aligned with the U.S. Consumer Product Safety Commission (CPSC) in ensuring consumer protection and product safety, and we will cooperate fully with any investigation," the Temu spokesperson said. CPSC officials have asked for more funding to hire staffers to monitor emerging e-commerce platforms such as Temu and Shein over safety practices, according to The Information. Last April, a congressional commission released a report detailing issues with Shein, Temu and other "Chinese 'fast fashion' platforms.'" They alleged the sites have numerous product safety hazards, are connected to the use of forced labor and are exploiting trade loopholes, among other concerns.

Persons: Peter Feldman, Douglas Dziak, Temu, Shein Organizations: U.S, Consumer Product Safety, U.S . Consumer Product Safety, Discount, Google, PDD Holdings, Amazon, CNBC Locations: U.S, China

☆ Joe Ando: Meet the TikToker behind Ella Emhoff’s internet-breaking DNC dress
▼ + stars: | 2024-08-29 | by ( Leah Dolan | ) edition.cnn.com time to read: +6 min

Its wearer, of course, was Ella Emhoff, Vice President Kamala Harris’ stepdaughter and potential next first daughter of the US. “She needs a dress and she wears it, and people will watch this event but it won’t really be about what she’s wearing. Emhoff's dress was inspired by tea parties, as Ando wanted to the portray the potential next first daughter as "a modern princess." Armed with a tiny mic, a bashful attitude and an impressive 2.9 million TikTok followers, Ando filmed himself approaching celebrities asking if he could make them a dress. Ando, by contrast, has built an impressively starry client roster and millions of followers before even launching a brand.

Persons: Joe Ando, “, Ella Emhoff, Kamala Harris ’, ” Ando, ”, Ando, Ando didn’t, Ralph Lauren, Carolina Herrera, Oscar de la, Joe Biden, Harris, Kerby Jean, Raymond —, Dr, Jill Biden, Adam Lippes, Helena Hudlin, Meena Harris, Chip Somodevilla, Dakota Johnson, Rachel Zegler, Keke Palmer, lister, Guy ” —, Rick Owens, it’s, they’re Organizations: CNN, Fashion Institute of Technology, Democratic, Convention, Vogue, ” Locations: Brooklyn , New York, Chicago, New York

☆ Amazon aggregators Branded and Heyday plan to merge as once-booming industry continues to shrink
▼ + stars: | 2024-08-26 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Amazon aggregators Branded and Heyday plan to merge, CNBC has learned, as a segment of the e-commerce industry that boomed during the Covid era continues to consolidate. The new name will be officially rolled out in the coming days, and the combined companies are expected to generate annual revenue of $400 million, Rymarz wrote. Heyday and Branded are part of the crowded and turbulent market of Amazon seller aggregators. Prior to the deal with Paris-based Branded, Heyday explored a possible tie-up with Dragonfly, whose backers include L Catterton, before the talks fell apart, CNBC previously reported. WATCH: What's behind the hype and billion-dollar aggregators buying Amazon sellers

Persons: Sebastian Rymarz, Rymarz, Aggregators, Jared Kushner's, highflier Thrasio, aggregators Organizations: CNBC, Apollo Global Management, BlackRock, Bloomberg, Companies, Jared Kushner's Affinity Partners Locations: New York, Silicon Valley, BlackRock, Paris

☆ Increased sausage demand could be worrying signal on the economy
▼ + stars: | 2024-08-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There has been "modest growth" in the dinner sausage category for one producer, according to the Dallas Federal Reserve's Texas Manufacturing Outlook Survey released Monday. "This category tends to grow when the economy weakens," the respondent said, according to edited comments included in the Dallas Fed's report. That is because "sausage is a good protein substitute for higher-priced proteins and can 'stretch' consumers' food budgets." This anecdote pointed out by eagle-eyed Bespoke Investment Group on social media site X comes as grocery prices remain top of mind for consumers.

Persons: Fred Meyer Organizations: Dallas Federal, Texas Manufacturing, Dallas Locations: Kroger, Palmer , Alaska, An

Behind two of the best-dressed women at the Democratic National Convention this week, Michelle Obama and Ella Emhoff, were two Asian Americans designers making their mark on the political scene. The former first lady was the talk of the internet with the dark blue, sleeveless suit she wore during her speech on Tuesday night. Eric Charbonneau / Getty Images for Warner Bros.After Michelle Obama’s speech at the DNC, the brand praised her on Instagram. He documented the process of making Emhoff’s dress on his TikTok page, which has 2.9 million followers. In a series of Instagram stories, Ando-Hirsh also revealed that Emhoff crocheted the flower on the sleeve of her dress herself.

Persons: Michelle Obama, Ella Emhoff, Oscar de la, Laura Kim, Fernando Garcia, Kim, Joe Ando, Eric Charbonneau, Michelle Obama’s, “ Michele Obama, Doug Emhoff’s, Ella, Hirsh, ” Ando, Keke Palmer, Dakota Johnson, “, Emhoff, Ando, Gen Organizations: Democratic, Convention, Pratt Institute, Getty, Warner Bros, DNC Locations: New York City, Seoul, South Korea, New York, la

☆ How lower mortgage rates will impact the housing market
▼ + stars: | 2024-08-23 | 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 EmailHow lower mortgage rates will impact the housing marketTaylor Morrison CEO Sheryl Palmer joins 'Money Movers' to discuss the housing market as mortgage rates continue to tick lower and July's new home sales report shows significant gains.

Persons: Taylor Morrison, Sheryl Palmer

☆ A timeline of Chris Chan's incest charge and dismissal, which came after years of online trolling that documented the creator's relationship with her mother
▼ + stars: | 2024-08-18 | by ( Mara Leighton | Palmer Haasch | Charlotte Colombo | ) www.businessinsider.com time to read: +1 min

Christine Chandler has evolved as a popular online figure from 2007 to 2021. CWCkiChristine Chandler, who is also known online as Chris Chan, was arrested on August 1, 2021, and charged with incest after a leaked phone call revealed she may have had sexual relations with her 79-year-old mother. The extensive knowledge trolls have of Chandler and her mother has been recorded on a dedicated Wiki, CWCki, since 2009. In a statement provided to Business Insider, Chandler's attorney, David Heilberg, cautioned people not to believe everything they read on internet forums. Here's a timeline of the allegations, which began years ago with rumors spread by trolls on internet forums.

Persons: Christine Chandler, CWCki Christine Chandler, Chris Chan, Chandler, David Heilberg, Chandler's Organizations: Kiwi, Business

☆ CNBC Daily Open: Wall Street surges; Starbucks ousts CEO
▼ + stars: | 2024-08-14 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Economic uncertainty Home Depot exceeded quarterly expectations but lowered its full-year sales outlook , citing weak demand due to high interest rates and consumer uncertainty. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. The baristas have to be energised, clearly they've had some union problems, clearly they've had a lot of new products that haven't worked," Palmer told CNBC "Squawk on the Street." Chief Financial Officer Richard McPhail told CNBC, "Customers aren't just deferring because of higher financing costs.

Persons: Richard McPhail, Laxman Narasimhan, Brian Niccol, Narasimhan, Mellody Hobson, Narasimhan —, Niccol, David Palmer, they've, haven't, Palmer, Sarat Sethi, CNBC's, Sethi, —, Sarah Min, Amelia Lucas, Brian Evans, Samantha Subin, Jennifer Elias, Jeff Cox, Spencer Kimball Organizations: New York Stock Exchange, CNBC, Jefferies, Google, Apple, Gemini, Evercore ISI, Depot, Douglas, Lane & Associates, McDonald's, Starbucks, Walmart Locations: New York City, China

☆ Chipotle's Brian Niccol is 'the guy' to turn around Starbucks' premium brand, says Evercore's Palmer
▼ + stars: | 2024-08-13 | 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 EmailChipotle's Brian Niccol is 'the guy' to turn around Starbucks' premium brand, says Evercore's PalmerDavid Palmer, Evercore ISI analyst, joins 'Squawk on the Street' to discuss the challenge of reestablishing the premium brand Starbucks once was, why the analyst didn't rerate Starbucks' stock, and much more.

Persons: Brian Niccol, Evercore's Palmer David Palmer, didn't

Meanwhile, Mizuho raised its price target on Palo Alto Networks ahead of the company's upcoming earnings release. But Grambling shaved $4 off his price target to $47, though that still implies 57.5% upside from Monday's close. Long kept his price target unchanged at $97, which reflects just 1.8% in upside over Monday's closing price. Analyst Laurent Yoon downgraded the media stock to market perform from outperform and shaved $2 off his price target to $8. Analyst Gregg Moskowitz raised his price target on the cybersecurity stock to $380 from $350, maintaining his outperform rating.

Persons: Bernstein, Mizuho, Rollins, Wells Fargo, Jason Haas, Haas, — Alex Harring, Thomas Palmer, Palmer, Morgan Stanley, DraftKings, Stephen Grambling, Grambling, Alex Harring, Tim Long, Long, Dell, Damian Karas, Karas, " Karas, Warner, Laurent Yoon, Yoon, Discovery's Turner, Gregg Moskowitz, Moskowitz, Fred Imbert Organizations: CNBC, Warner Bros, Palo Alto Networks, Hormel Foods, Citi, Hormel, Planters, Grambling, DraftKings, Barclays, Dell, Nasdaq, UBS, Discovery, NBA, Discovery's Turner Sports, Mizuho Locations: Wells Fargo, Monday's, Southern, Grambling, Palo Alto

☆ Why Wall Street thinks Brian Niccol is the person to revive Starbucks — and end the Howard Schultz era
▼ + stars: | 2024-08-13 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

In this article SBUXCMG Follow your favorite stocks CREATE FREE ACCOUNTBrian Niccol, CEO of Chipotle Anjali Sundaram | CNBCWall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decadeslong Howard Schultz era. Starbucks tapped Niccol as its latest chief executive and chair on Tuesday. Niccol replaces Laxman Narasimhan, who took over the top job in March 2023 after being handpicked by former CEO Schultz. Other analysts wrote glowingly of Niccol, seeing him as the right person to tackle Starbucks' sluggish sales. Some analysts believe that having Niccol, an experienced restaurant CEO, in the driver's seat could mean that Schultz finally moves on.

Persons: Brian Niccol, Chipotle Anjali Sundaram, Howard Schultz, Niccol, Laxman Narasimhan, Schultz, TD Cowen, Andrew Charles, Piper Sandler, Baird, Oppenheimer, Brian Bittner, Brian, David Palmer, Morgan Stanley, Brian Harbour, Mellody Hobson, Niccol's, Hobson, Gordon, Don Bilson, Chipotle, Steve Ells, Bernstein, Danilo Gargiulo Organizations: CNBC, Starbucks, SBUX, Newport Locations: Denver, Newport Beach

☆ Kit Harington says he understands the 'Game of Thrones' finale hate: 'Mistakes were made, story-wise'
▼ + stars: | 2024-08-12 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

Five years after the series finale of "Game of Thrones," Kit Harington is reflecting on his time with the massively popular series — and he thinks that season eight could have gone a bit better. In a GQ profile tied to his role in "Industry," which returned on Sunday, Harington also reflected on his time with "Game of Thrones." "Everyone is entitled to their opinion," Harington told GQ. Harington told GQ that HBO came to him about the prospect of a spinoff. And so I understand some people thought it was rushed and I might agree with them," Harington told GQ.

Persons: Kit Harington, Harington, GQ, Jon Snow, Jon Snow's, that's, I'm Organizations: Service, Apple, Business, Sunday, HBO Locations: London

☆ Australian Olympian 'Raygun' went viral for her breakdancing moves. Now, she's defending them.
▼ + stars: | 2024-08-12 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +8 min

Gunn's time on the Olympic stage, however, was short-lived. The article examined how institutionalization in the Olympic games would impact the Australian breaking scene. Her now-husband, Samuel Free, introduced her to breaking in 2008 while they were at university, Gunn told The Sydney Morning Herald. Rachael "Raygun" Gunn competing at the 2024 Olympics in Paris. Advertisement(Raygun's full performances — and the rest of the 2024 Olympic events — are available to replay on Peacock.)

Persons: —, Rachael Gunn, France's Syssy, Lithuania's, Raygun didn't, i've, A5aqxIbV3H — David Mack, Gunn, Lucas Marie, Samuel Free, Women's, Rachael, Raygun, Ezra Shaw, RayGun, Breakdancing, ove, achael,, aris O lympics. Organizations: Service, Olympics —, Department of Media, Communications, Creative Arts, Macquarie University, Business, Olympic, Weekly, Sydney Morning Herald, Australian Breaking Association, aris O Locations: Sydney, Australia, United States, Paris, breakdancing

☆ Super Micro announces 10 for 1 stock split
▼ + stars: | 2024-08-06 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Server company Super Micro Computer on Tuesday announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on Oct. 1. Shares of Super Micro, which joined the S&P 500 in March, surged 246% in 2023 and are up 117% year-to-date. Super Micro shares slid as much as 7% in extended trading. Super Micro said it expects first-quarter revenues between $6 billion and $7 billion, beating Wall Street's estimate of $5.46 billion. It expects EPS of $5.59 to $8.27, or a $7.48 midpoint, compared to the consensus estimates of $7.58.

Persons: Wall Organizations: Computer, Dell, Hewlett Packard Enterprise, Nvidia, Super Micro

☆ 'House of the Dragon' just introduced a new character who'll play a key role later. Here's what to know about Lohar.
▼ + stars: | 2024-08-05 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

"House of the Dragon" threw one new fascinating character in its season two finale that will have great importance down the line — Triarchy Admiral Lohar. But to do so, he has to win the respect of Admiral Lohar, the commander of the Triarchy fleet. Toward the end of the episode, Lohar and Tyland sail together with the Triarchy fleet, presumably bound for the Velaryon blockade. Eventually, a captain from Tyrosh captures him — but it's Fleet Admiral Sharako Lohar who claims him as a prisoner. In addition to attacking the Velaryon fleet, the Triarchy forces also made land on Driftmark, attacking a town called Spicetown.

Persons: —, Lohar, Rhaenyra, Tyland, Tyland's, Admiral Lohar, mispronounces, he's, Abigail Thorn, Thorn, Ship's virility, Rhaenyra's, Viserys, Sharako Lohar, Prince Jacaerys Velaryon, Hugh, Ulf, Addam, Nettles, Lohar —, Prince Viserys, Bambarro, Bazanne, Martin, Myr, Lysandro Rogare, Rogare's, Larra Organizations: Service, Business, Lohar, Tyland, Aegon, Younger, King Aegon, Max Locations: Lannisport, Essos, Lohar, Pentos, Lys, Spicetown, Hull, Myr, Westeros

☆ 'House of the Dragon' director says she 'couldn't sleep' thinking about how to film Daemon's game-changing finale vision
▼ + stars: | 2024-08-05 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +13 min

By the season finale, Alicent Hightower (Olivia Cooke) knows that she has no allies left in King's Landing. "Every time I'm in a scene like Rhaenyra and Alicent, I'm thinking about the war zone," she said. Matt Smith and Emma D'Arcy as Daemon and Rhaenyra Targaryen in the season two finale of "House of the Dragon." AdvertisementDaenerys Targaryen briefly appears in Daemon's vision in the season two finale of "House of the Dragon." What I love about the way Sara particularly wrote the season finale is that she grounded it in relationships.

Persons: Alicent Hightower, Olivia Cooke, Emma D'Arcy, Alicent, Rhaenyra, It's, —, Geeta Vasant Patel, Patel, Daenerys —, Matt Smith, Daemon, Liam Daniel, HBO You've, Emma, Olivia, Ryan, Sara, Hess, HBO Olivia, Catherine Goldschmidt, Ollie Upton, they'd, I'm, you've, Daemon Targaryen, Sarah, I've, there's, Matt, Daenerys Targaryen, Prince, Daenerys Organizations: Service, HBO Locations: King's, Rhaenyra, Harrenhal

☆ Sequoia's Michael Moritz says Trump's Silicon Valley supporters are making a 'big mistake'
▼ + stars: | 2024-08-05 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +4 min

Read previewWhile some Silicon Valley investors and startup leaders are going red hoping for a more "tech-friendly" White House, Michael Moritz, a storied Sequoia Capital investor, believes that does not reflect the Valley overall. "Fortunately, at least in Silicon Valley, Trump will not prevail," Moritz wrote in a Financial Times opinion piece, which was also posted on LinkedIn. Like the rest of the nation, Silicon Valley is deeply divided over whom to support in the upcoming presidential race. In his piece, Moritz chided Trump supporters in Silicon Valley. Moritz added that Trump had historically not performed well among Silicon Valley voters.

Persons: —, Michael Moritz, Trump, Moritz, Kamala Harris, Donald Trump, Doug Leone, Shaun Maguire, Roelof Botha, Andreessen Horowitz, Marc Andreessen, Ben Horowitz, Fund's Peter Thiel, David Sacks, Chamath, Vance, Sen, JD Vance, Palmer Luckey, Elon Musk, VCs, Kamala, Harris, Vinod Khosla, Reid Hoffman, Mark Cuban, Ron Conway Organizations: Service, Sequoia Capital, LinkedIn, Business, Google, PayPal, Democratic, Republican, Tech, Trump, VR, Bloomberg, PAC, Street Journal, Netflix, Harris, Politico Locations: Silicon Valley, Sequoia, Park City , Utah, Silicon, Palo Alto , California, Newport Beach , California, Washington ,, Francisco, San Jose

☆ A murderous ghost haunted an exclusive Jamaican resort for centuries. But could she survive a paranormal investigation?
▼ + stars: | 2024-08-02 | by ( Jack Bantock | ) edition.cnn.com time to read: +15 min

Tucked between the towering Blue Mountains and azure Caribbean Sea, the White Witch Golf Course is 6,758 yards of green serenity in one of Jamaica's bubbliest resort towns. Rose Hall Developments Rose Hall Great House is the jewel in the estate's crown, a plantation mansion that had fallen into ruin before American businessman John Rollins purchased the 7,000-acre plot in the 1960s and restored the building to its colonial-era opulence. Rose Hall DevelopmentsAnnie supposedly murdered her husband to assume ownership of Rose Hall, which she went on to run with an iron fist. You can’t miss it.”Palmer's ghost is said to roam the fairways of the White Witch golf course on horseback. The White Witch course – which had cost some $8.5 million to build – was forced into contingency planning, but rebounded over the subsequent decade.

Persons: Johnny Cash, Rose, Annie Palmer, ”, Cash, Cinnamon, ” Cash, Rose Hall, White, John Rollins, Rollins, Edward Burke, Anna Nordqvist, Kevin C, Cox, Usain Bolt, James Bond superfans, Roger Moore, Bond, Baron Samedi, Keith Stein, Stein, it's, Palmer, Baron, James Bond, Annie Mary Paterson, Paterson, John Palmer, Hall, Hall Developments Annie, ” Stein, Takoo, Playtime, “, Benjamin Radford, Radford, Rose Hall’s, ” Radford, can’t, –, Waddell, James Castello, Herbert G, Geoffrey S, Yates, Rosa Palmer, Kelly, née Paterson, ” Palmer, “ She’s, “ it’s Organizations: CNN, Rose Hall Great House, Rose Hall, Rose, Rose Hall Developments Rose, Great, Jamaica LPGA, White Witch, Hall Developments, Inquirer, Jamaica Archives Locations: Caribbean, Montego Bay, American, Swedish, Toronto, Montego, Haiti, British, ”, Jamaica, Delaware, Palmyra, Bonavista, Jamaican, “, Inverness

☆ Amazon shares tumble 12% after third-quarter outlook disappoints
▼ + stars: | 2024-08-02 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Amazon shares plunged as much as 12% on Friday, a day after the company reported mixed second-quarter results and gave a forecast for the third quarter that fell short of Wall Street's expectations. Revenue in the second quarter rose 10% from a year earlier to $147.98 billion, falling just short of $148.56 billion projected by LSEG. For the third quarter, which runs through September, Amazon said it expects revenue of $154 billion to $158.5 billion. The midpoint of the range, $156.25 billion, fell short of consensus estimates of $158.24 billion, according to LSEG. Amazon Web Services revenue reached $26.3 billion during the quarter, topping consensus estimates of $26 billion.

Persons: Andy Jassy, Amazon, Brian Olsavsky, Olsavsky, Donald Trump, JP Morgan, Morgan Organizations: Amazon.Com Inc, Amazon, JP, Web Services, BMO Capital Markets Locations: Seattle , Washington , U.S

☆ Google pulls AI ad for Olympics following backlash
▼ + stars: | 2024-08-02 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

Google pulled an ad it showed during the Olympics which touted its AI chatbot Gemini writing a fan letter to an athlete. Google has pulled an Olympics ad for its chatbot Gemini from airwaves following backlash for the way it depicts a little girl using artificial intelligence to write a fan letter. Google launched Gemini, formerly known as Bard, last year following the surge in popularity of OpenAI's ChatGPT. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Sydney McLaughlin, Bard, Sydney, Gemini, Shelly Palmer, Syracuse University's S.I, Mira Murati, Scarlett Johansson, OpenAI Organizations: Google, Gemini, CNBC, Syracuse University's, Newhouse School of Public Communications, Apple, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: U.S

☆ Amazon says distraction of Olympics, Trump assassination attempt contributed to weak forecast
▼ + stars: | 2024-08-01 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Amazon is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast. For the third quarter, which runs through September, Amazon said it expects revenue of $154 billion to $158.5 billion. The disappointing guidance, coupled with a revenue miss for the second quarter, sent Amazon shares sliding more than 7% in extended trading. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Andy Jassy, Brian Olsavsky, Olsavsky, Donald Trump, Amazon, didn't, Jassy, Wayfair, Josh Silverman, It's Organizations: Amazon.Com Inc, Paris Olympics, U.S, Republican National Convention, Amazon, CNBC, Paris, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: Seattle , Washington , U.S, Pennsylvania, U.S

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