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Tesla shared a video of a Cybertruck scaling a difficult off-road trail in Utah. The electric truck, which was shown with a driver inside, conquered the off-road trail known as Hell's Revenge in the video. Travel site Utah.com describes Hell's Revenge as having "steep climbs, descents, and some edges that are not for the faint of heart." Morrill said navigating Hell's Revenge with the tri-motor EV, called Cyberbeast, is "like off-roading in easy mode." The Cyberbeast truck managed to drive 318 feet with the sled, while the Ford truck got up to 263 feet.
Persons: Tesla, Cybertruck's, Wes Morrill, , Morrill Organizations: Service, Ford, Business Locations: Utah
Read previewIt's been over four years since Linda Hamilton reprised her role as Sarah Connor in "Terminator: Dark Fate," but she told Business Insider that she's not interested in returning to the franchise. This story is available exclusively to Business Insider subscribers. AdvertisementBut Hamilton told Business Insider ahead of the release of "Resident Alien" season three, that she isn't interested in battling another killing machine. Advertisement"I truly feel like, and felt like, Sarah Connor is not an icon. Linda Hamilton as Sarah Connor in "T2: Judgement Day."
Persons: , Linda Hamilton, Sarah Connor, she's, Connor, Sarah, Arnold Schwarzenegger's, James Cameron, isn't, it's, Hamilton, She's, I've Organizations: Service, Business, Dell Tech, GamesRadar, Hamilton
CNN —The Daytona 500 has been postponed until Monday for just the third time in its history due to “inclement weather,” organizers announced Sunday. Consistent rainfall washed out Saturday’s lower-division Xfinity Series race and Sunday’s forecast is far from sunny. 6) exits the garage area during Daytona 500 practice on Friday. A two-time series champion and 2015 Daytona 500 winner, Joey Logano took the pole position with an average qualifying lap speed of 181.947 mph and will be a favorite to run up front throughout the day. Ricky Stenhouse Jr., the defending race champion and often competitive at superspeedways, will start 35th in the No.
Persons: Dwayne “, ” Johnson, , Brad Keselowski, Mike Ehrmann, Joey Logano, Michael McDowell, McDowell, Toyotas, Sean Gardner, Ryan Blaney, Chase Elliott, Denny Hamlin, Bubba Wallace, Michael Jordan, William Byron, Kyle Larson –, Kyle Busch, gunning, Jimmie Johnson, Richard Petty, Ross Chastain, Pitbull, Ricky Stenhouse, Ryan Blaney's, Jared C, Tilton Organizations: CNN, NASCAR, Netflix, Daytona, FOX, Ford, Fords, Getty, Los Angeles Coliseum, Toyota, Hamlin, Chevrolet, of Famer Locations: Florida, Martinsville, pileups
A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale
CNN —Democrat Tom Suozzi is heading back to Congress after defeating Republican Mazi Pilip in the special election to replace serial fabulist and expelled former GOP Rep. George Santos. The result will further narrow the GOP’s already thin House majority and hand President Joe Biden’s party a boost as the general election campaign comes into focus. If not redemption, the New York Democratic Party in this special election earned a reprieve. As the storm swept through Queens and Long Island on Tuesday, Republican groups and the Pilip campaign scrambled to drive – literally in some cases – their voters to the polls. (Democratic Rep. Grace Meng from the neighboring 6th congressional district, and the area’s Asian American voters, delivered above and beyond for Suozzi.)
Persons: Tom Suozzi, Republican Mazi Pilip, George Santos, Joe Biden’s, Donald Trump, Biden, he’s, , Santos, Trump, Pilip, Suozzi, , George Santos’s, Rick Lazio, didn’t, Hakeem Jeffries, Kathy Hochul, Jay Jacobs, thrall, Israel –, Grace Meng Organizations: CNN, Republican, GOP Rep, Biden, Democrats, New York’s, , GOP, Trump, Santos, George Santos’s volleyball, New, Democratic, New York Democrats Suozzi’s, New York Democratic Party, – Gov, GOP House, Israel Defense Forces, Republicans, Democrat, Queens Locations: Long, dissing, Israel, New York City, New York, Queens, Gaza, Nassau County, Queens –, Suozzi
Amazon’s One Medical is undergoing significant changes, following this week’s layoffs that cut hundreds of jobs . One Medical will also look for ways to take advantage of Amazon’s own corporate office space going forward. Green also announced in the email that Bjorn Thaler, One Medical’s CFO, will transfer to a new role that reports directly to Amazon’s healthcare boss Neil Lindsay. As part of the move, One Medical executives and teams across finance, legal, and technology will report to Amazon’s healthcare business, reflecting a tighter integration between the two companies. Amazon’s spokesperson said the reorganization will help One Medical better leverage Amazon’s resources and provide employees with more opportunities across Amazon’s healthcare business.
Persons: Trent Green, Green, Bjorn Thaler, Neil Lindsay, Thaler Organizations: Business, Amazon, Medical, State, Locations: New York City , Minneapolis, St, Petersburg, Francisco, Tri, New England, Maryland, Virginia, Pacific Northwest, Southwest, Southern California, Texas
"After more than 20 years at CBRE Darcy Stacom has decided to leave the company at the end of March to launch her own commercial real estate firm, and we wish her well with her new endeavor," the email read. The end of Stacom's tenure reflects sweeping challenges and generational shifts in commercial real estate. And in 2018, Stacom represented Google in its $2.4 billion acquisition of a new office property overlooking the Hudson River. "She's had an unbelievable career," said Jon Mechanic, chairman of the law firm Fried Frank's real estate practice, who has worked with Stacom on countless deals. The person did not want to be identified because they had not been authorized by CBRE to speak about Stacom's exit.
Persons: Darcy Stacom, Matthew Van Buren, Chris Ludeman, CBRE Darcy Stacom, Stacom, Paul Massey, Stacom's, Peter Cooper, Zhang Xin, She's, Jon Mechanic, Fried, Adam Spies, Doug Harmon, Newmark, CBRE, Doug Middleton Organizations: Skyscrapers, New, State, Business, CBRE, Real, Advisors, Stuyvesant Town, General, Google, New York Locations: New York, CBRE's Tri, New York City, CBRE, Stuyvesant, Hudson
Thieves in California's East Bay are swiping wallets from shopping carts – especially at Trader Joe's, police say. "Wallets were taken from unattended shopping carts or open purses while victims were shopping," a Tri-Valley PD said. AdvertisementA new crime trend is hitting Trader Joe's stores in a city in California: Thieves are taking customers' wallets from their carts as they shop. "Recently there have been wallet thefts that have occurred at other Trader Joe stores in the Tri-Valley. In these crimes, wallets were taken from unattended shopping carts or open purses while victims were shopping in the store."
Persons: they've, , Joe Organizations: Oakland, Service, Police, Livermore Police, Facebook, Business Locations: East, San Francisco, California, Livermore, San Jose, Tri
The cruise giant oversees three brands: mass-market Norwegian Cruise Line, premium Oceania Cruises , and ultra-luxury Regent Seven Seas Cruises. Norwegian Cruise Line's Prima — the traditional option with splashy, family-friendly amenitiesThe Norwegian Prima was the first of six Prima class vessels. Brittany Chang/Business InsiderIn October 2022, Norwegian Cruise Line invited me on the Norwegian Prima's non-revenue inaugural sailing. Regent Seven Seas Cruises' Grandeur — the ultra-luxury option with ultra-expensive faresThe Seven Seas Grandeur joined Regent's fleet in 2023. Norwegian Cruise Line and Regent Seven Seas Cruises couldn't be more the oppositeThere are no go-karts in sight on Regent Seven Seas' ships.
Persons: , Prima, Brittany Chang, Viva's, Chartreuse, filet mignon, who've, Pablo Picasso, would've, What's Organizations: Service, Cruise Line Holdings, Business, Cruise, Oceania Cruises, Regent Seven Seas, Norwegian Cruise, Cruise Line, Norwegian, Starbucks, Norwegian Prima, Regent Seven Locations: Norwegian, Brittany, New York City
Zillow's rent reporting is free for tenants who pay rent through Zillow. Tenants who currently use Zillow to pay rent can opt into rent reporting through their Renter Payments Dashboard. In order to pay rent through Zillow, your landlord must be enrolled and send you an invitation link. Once a tenant has opted in to rent reporting, Zillow will identify on-time rent payments — made within 30 days of the due date — and report them to Experian. Competition among the best rent reporting services is fierce, with many services offering features like utilities reporting, up to 24 months of retroactive rent reporting, and tri-bureau rent reporting.
Persons: , Finance Insider's, Michael Sherman, Zillow doesn't Organizations: Service, Finance, Zillow Locations: Zillow
Dot Sharp worked at a McDonald's restaurant in Pennsylvania for 45 years. Dot Sharp started working at the McDonald's restaurant in Gibsonia, Pennsylvania, on September 7, 1978, and served her final customer – her granddaughter – on January 12, 2024. "I'm really sad about that because it's not so much the food, it's the people," Sharp told ABC-affiliate WTAE. During her tenure at the company, she witnessed the introduction of Happy Meals, McNuggets, and McFlurries. An employee makes notes at the counter at a McDonald's restaurant in Southfield, Michigan, July 1978.
Persons: Dot Sharp, Sharp, , , it's, McDonald's, Kerry Ford, Meghan Sweeney, Barbara Alper Organizations: Service, ABC, Tri County Management Locations: Pennsylvania, Gibsonia , Pennsylvania, Southfield , Michigan, Michigan
An EU wealth tax, the "end of capitalism" in the U.S. and a major health crisis arising from obesity drugs are just some of the "outrageous predictions" put forward by Saxo Bank in a report published Tuesday. Heading into 2024, the Danish investment bank suggested the world is at an "inflection point, with the familiar road of the last decade coming to an end." The predictions focus on a "series of unlikely but underappreciated" events that if they were to occur, would "send shockwaves across the financial markets." This would be rendered more likely if the population "realises how little in tax billionaires are actually playing," he speculated, with social unrest frequently simmering across the continent. In the Netherlands, it is even better to be a billionaire, as the average tax rate is below what US billionaires pay, Garnry noted.
Persons: Irene, I've, Steen Jakobsen, Robin Hood, Peter Garnry, Garnry Organizations: Saxo Bank, CNBC, EU, European Union, Equity Locations: Lower Manhattan , New York, EU, U.S, Ukraine, North America, East Asia, France, Netherlands
But the tech powering it has limitations and may struggle to make AI that is as smart as humans. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This means the public gets to see research faster, but it isn't necessarily reliable. AdvertisementHe gave "kudos" to Dao and Gu "for pushing on alternative sequence architectures for many years now." ChatGPT was a landmark cultural event that sparked an AI boom.
Persons: ChatGPT, , Bill Gates, abut, Albert Gu, we've, vXumZqJsdb — Albert Gu, Gu, Dao, JAX, Jim Fan Organizations: Service, Google, Carnegie Mellon, Tri Dao, SSM, Nvidia Locations: AGI, Tri, pretraining
But since Musk unveiled it four years ago, all three Detroit automakers have shown electric trucks of their own. Musk said the Cybertruck's body is made of a stainless steel alloy developed by Tesla. When Musk unveiled the truck four years ago, he said production would start in 2021. On its website, Tesla said the a rear-wheel-drive version of the truck would start at an estimated $60,990. When the truck was unveiled in 2019, Tesla said the base version would start at $39,900, with a tri-motor, long-range model costing $69,900.
Persons: Tesla, Elon Musk, , Musk, Rivian, GM's Chevrolet, Stellantis Ram, , it's, ” Tesla Organizations: DETROIT, U.S, Ford, General Motors, Detroit automakers, GM, GM's Chevrolet Silverado, Detroit, Tesla, Porsche, Ford Super Duty Locations: Austin , Texas
At that event, Musk boasted, "It will be the biggest product launch of anything by far on Earth this year." At the event in Austin, Musk said the Cybertruck's hard steel body was bulletproof, and that its windows were "rock proof." Tesla first unveiled the Cybertruck — with its angular and unpainted hard steel body — in November 2019. The covid pandemic and other factors contributed to a two-year delay however, and Tesla only began early Cybertruck production in July this year. The U.S. electric pickup truck market has not expanded as quickly as some thought when the Cybertruck was initially revealed.
Persons: Elon Musk, Musk, Tesla, Rivian, CNBC's Mike Wayland Organizations: Ford, General Motors, Lordstown Motors, GM, CNBC PRO Locations: New York, Austin, U.S
LSEG (London Stock Exchange Group) CEO David Schwimmer speaks during the Reuters NEXT Newsmaker event in New York City, New York, U.S., December 1, 2022. "IPOs will come back, when the environment stabilises and improves," Schwimmer told Reuters in an interview in Singapore. "The reforms that the FCA is putting through, they're moving relatively quickly, but the markets move quickly too. LSEG bought Refinitiv for $27 billion in early 2021, turning the exchange into a major market data company overnight to challenge rival Bloomberg. Schwimmer said the roll0out of the new partnership product in 2024 will make it easy for customers to use LSEG data in a cloud environment.
Persons: David Schwimmer, Brendan McDermid, Schwimmer, LSEG, Vidya Ranganathan, Lawrence White, Sharon Singleton, Tomasz Janowski Organizations: London Stock Exchange Group, Reuters, REUTERS, Rights, European Union, Amsterdam, London, EU, Bloomberg, Thomson Reuters, Reuters News, Investors, Microsoft, Thomson Locations: New York City , New York, U.S, Rights SINGAPORE, London, New York, Singapore, Ukraine, Gaza, LSEG
It's also developed high-tech kitchen equipment to speed up and simplify cooking. Prior to Wonder, Lore founded and sold e-commerce startup Jet.com to Walmart for $3.3 billion in 2016. Food-delivery company Wonder Group has gotten a cash infusion from Nestle , as the startup looks to sell high-tech kitchen equipment and prepared ingredients to businesses such as hotels, hospitals and sports arenas. Some of those companies may also want Wonder's kitchen equipment, Lore said. The partnership will start with Nestle making pizza and pasta tailored for Wonder's kitchen equipment, along with selling the kitchen equipment to clients.
Persons: Bobby Flay, José, It's, Lore, Marc Lore, Melissa Henshaw, that's, Wonder, Andrés, Michael Symon, Uber, DoorDash Organizations: Walmart, Amazon, Nestle, CNBC, Kroger, Foods Locations: New Jersey, New York, New York , New Jersey, Connecticut
The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Thomson Reuters Corp (TRI.TO) on Wednesday reported higher-than-expected third-quarter profit as its biggest divisions serving legal, tax and accounting professionals performed well amid economic uncertainty. Organic revenues in the Legal Professionals segment increased 6%, while total revenue fell 2%, reflecting sales of some divisions. Thomson Reuters has earmarked $10 billion for acquisitions and about $100 million per year in investments in AI capabilities. In August, the company closed its $650 million cash acquisition of Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI.
Persons: Carlo Allegri, Thomson, Steve Hasker, ” Hasker, Hasker, Helen Coster, Nick Zieminski Organizations: Thomson Reuters, REUTERS, Thomson Reuters Corp, , Microsoft, Elite, TPG, Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, California
New York City resembled a ghost town after 370,000 people were told to evacuate flood-prone areas, including near Wall Street and at Coney Island, and mass transport was shut down. AFP PHOTO/Stan HONDA (Photo credit should read STAN HONDA/AFP via Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Spooky OctoberMajor U.S. indexes inched up Tuesday, but ended October in the red — giving them a three-month losing streak. The 117-year-old company is "becoming an AI company.
Persons: Irene, Stan HONDA, STAN HONDA, Kospi, Janet, Jerome There's, Jerome Powell's, Joe Biden, Xi Jinping Organizations: AFP, Getty, CNBC, Japan's Nikkei, Bank of Japan, Federal Reserve, U.S . Treasury, AMD Locations: Lower Manhattan , New York, Tri State, New York City, Wall, Coney, AFP, Asia, Pacific, China, U.S
Tyler Technologies misses quarterly revenue estimates
  + stars: | 2023-11-01 | by ( ) www.reuters.com   time to read: +1 min
Nov 1 (Reuters) - Tyler Technologies (TYL.N) missed Wall Street estimates for third-quarter revenue on Wednesday, as the IT service provider faces stiff competition from bigger firms in an uncertain economy. Plano, Texas-based Tyler posted revenue of $494.7 million for the quarter ended Sept. 30, slightly below analysts' estimates of $495.9 million, according to LSEG data. Tyler now expects annual revenue in the range of $1.942 billion to $1.962 billion, compared with prior estimates of between $1.940 billion and $1.965 billion. The company raised its annual adjusted profit per share to a range of $7.66 to $7.80, from its prior estimate of between $7.60 and $7.75. Third-quarter profit per share stood at $1.10, compared with $1.26 per share, a year earlier.
Persons: Tyler, Jaspreet Singh, Shailesh Organizations: Tyler Technologies, Thomson Reuters, Oracle, Motorola Solutions, Gartner, Reuters, Thomson Locations: Plano , Texas, Bengaluru
Reuters GraphicsTIPPING THE SCALESThe shift to low-fee products helped BlackRock’s assets under management swell to more than $9 trillion at the end of September. BlackRock’s history with Blackstone means a reunion with Stephen Schwarzman’s $110 billion firm is a persistent Wall Street rumor. BlackRock’s funds operate under a single name, so uniting with Carlyle (CG.O) or Apollo Global Management (APO.N) would pose a branding challenge. Fink might covet MSCI (MSCI.N), the $38 billion firm which aggregates many of the benchmarks tracked by BlackRock’s ETFs. Given Fink’s long record of pulling off opportunistic and transformational deals, it would be foolish to bet against him springing one last surprise.
Persons: Larry Fink, Fink, Merrill, Rowe Price, Janus Henderson, Blackstone, Stephen Schwarzman’s, Carlyle, covet, MSCI, Michael Bloomberg, doesn’t, LSEG –, Peter Thal Larsen, Thomas Shum, Streisand Neto Organizations: CNBC, New York Stock Exchange, Reuters, BlackRock, Blackstone, Barclays Global Investors, Credit Suisse, UBS, nab, Graphics, Apollo Global Management, London Stock Exchange, Thomson Reuters, New, Bloomberg, Wall Street, New York Times, LSEG – Bloomberg, Thomson Locations: New York City, U.S, BlackRock, Boston, Swiss, New York, United States
RELATED VIDEOS07:17 Watch 'Science Guy' Bill Nye respond to Google Bard when the AI asked how it can help save the world04:47 Tri Pointe Homes CEO: New home builders are well-positioned to sell to younger generations03:27 Columbia Sportswear CEO: The Chinese consumer is quite robust, and our business there has been good05:44 Q3 growth was driven by transactions and execution, says Chipotle CEO Brian Niccol03:53 EQT CEO Toby Rice: We want to be known as America's best natural gas producer
Persons: Guy, Bill Nye, Bard, Brian Niccol, Toby Rice Organizations: Pointe Homes, Columbia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTri Pointe Homes CEO: New home builders are well-positioned to sell to younger generationsDoug Bauer, Tri Pointe Homes CEO, joins 'The Exchange' to discuss demand in homebuilding, how the industry is positioning itself for new home builders, and more.
Persons: Doug Bauer Organizations: Pointe Homes, Tri Pointe Homes Locations: homebuilding
One death this year and more than two dozen reports of injuries since 2018 may be tied to the supplements, FDA officials said in a statement. No probiotic products have been approved as a drug or treatment for babies, the FDA said. FDA officials in September said Evivo with MCT Oil, a probiotic made by Infinant Health of Norwalk, Connecticut, led to the death of a premature infant this year. Infinant Health officials said in statement that the firm voluntarily recalled and discontinued the product. Probiotic supplements may be used to prevent necrotizing enterocolitis, a dangerous infection affecting premature infants that inflames and kills intestinal tissue.
Persons: necrotizing, Matthew Perrone Organizations: . Food, Drug Administration, FDA, Abbott Laboratories, Abbott, MCT, Infinant, Infinant Health, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Illinois, Norwalk , Connecticut, Washington
New York CNN —Big money donations are booming at America’s colleges, helping fund higher education for millions of students. The biggest donors often sit on universities’ board of trustees, which governs the university and selects university leadership, priorities and direction. The donor backlash at the University of Pennsylvania and uproar at Harvard University over Israel and Palestine highlight how big donations often come with demands for changes to university policy and politics. The backlash has raised questions about the influence big donors wield and pressure donors may exert over leadership, hiring decisions and academic affairs. Restricted giftsMore donations are coming with strings attached, rather than letting schools spend their donations however they want.
Persons: , , Cliff Asness, James Finkelstein, David Callahan, George Mason, Nikole Hannah, Jones, Rob Reich, , Ann Marcus Organizations: New, New York CNN, University of Pennsylvania, Harvard University, Harvard, George Mason University, Faculty Senate Tri, Council, Advancement, , , Aid, Education, Critics, Indiana University, George, Koch Foundation, Yale University, University of North, Chapel, Michigan State, Stanford University, Universities, New York University, NYU’s Steinhardt, of Higher Locations: New York, Israel, Palestine, University of North Carolina, Saudi Arabia, Qatar, Kuwait
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