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I've gotta say, sadly: It's the Temu version of Temu. It's Amazon's attempt to compete with cheap e-commerce apps like Temu, Shein, and the TikTok Shop. The Haul section of Amazon's app is now in beta mode. The sweater section on Amazon's Haul section has a familiar aesthetic. But for now, to me, it just feels like a sort of crummy version of Temu.
Persons: , Ava Max, Lady Gaga, It's, Obama, Shein, China — Organizations: Amazon, Service, Apple, Business Locations: Temu, China, Utah
Apple is exploring new headsets and smart-home devices to expand its lineup. Its plans don't always work out; it scrapped a car project and faces weak demand for the Vision Pro. The company in February scrapped plans for a car, and its $3,500 Vision Pro has gotten mixed reviews in the months since its release. Bloomberg on Tuesday reported on a wall-mounted smart-home tablet in Apple's production lineup that could operate home appliances, use Apple Intelligence, and access Apple apps. AdvertisementThe report said the project, code-named J490, could come as early as March, a month before new Apple Intelligence features are expected to roll out.
Persons: , Mark Gurman, Ming, Chi Kuo, Apple's, Gurman, Apple, EMARKETER, Kuo, Meta, William Kerwin, Tim Cook, who's Organizations: Apple, Vision, Service, Bloomberg, Apple Intelligence, Big Tech, Asset Management, Business Locations: Taiwan, Morningstar
New York CNN —Starbucks baristas can put eight shots of espresso into one cup. Starbucks’ self-serve stations had milk, sugar, sweeteners, spices and stirrers, just like at other coffee shops. This influx of mobile orders has sometimes strained Starbucks workers during rush hours. Gabby Jones/Bloomberg/Getty ImagesNiccol said bringing back self-serve stations will help Starbucks serve drinks in four minutes or less. “We’ll need to have proper staffing so that people are able to restock the condiment bar and make sure it’s clean and presentable.”
Persons: Amanda Poore’s, creamer, , Poore, David Garfield, , Brian Niccol’s, Gabby Jones, Niccol, We’re, it’s, Amanda Rivera, Rivera Organizations: New, New York CNN, Starbucks, Bloomberg, Getty, Starbucks Workers Locations: New York, Seattle, Atlanta
In one, Biden arrived as the confident statesman burnishing a legacy and preparing to hand off to his vice president. In the other, he was faced with anxious world leaders and fresh questions about whether, as he’d spent four years claiming, “America was back.”He wanted the first. Denied a victory lap on the world stage, Biden will instead use his time in Peru and Brazil this week for reflection and looking ahead. No longer viewed on the world stage as the American president who defeated Donald Trump — and his “America First” ideology — for good, Biden will find himself amid leaders who are already moving on. As Biden was preparing to depart following his meeting with Trump, his top national security aide said his message to the world wouldn’t change, despite Trump’s election.
Persons: Joe Biden’s, Biden, burnishing, he’d, , Donald Trump —, Trump, , Xi Jinping, trilateral, isn’t, he’s, Jake Sullivan, it’s, Biden’s, “ We’re, Emmanuel Macron, , Barack Obama, Xi, Obama, ” Xi, Ben Rhodes Organizations: Peru CNN —, Trump, US, APEC, White, World Bank, CNN Locations: Lima, Peru, South America, America, Brazil, Palm Beach, Rio de Janeiro, DC, China, Japan, South Korea, Trump, Europe, Pacific, United States
AdvertisementDonald Trump's cabinet choices suggest a skeptical direction of travel on Ukraine policy. Advertisement'Losing your allowance'The comments suggest that Trump would find little opposition if he moved to cut US aid to Ukraine. Ukraine's president, Volodymyr Zelenskyy, has said that US aid being cut would lead to Ukraine losing the war. Trump's son, Don Jr. — an influential figure albeit with no official role — seemed to relish the idea of Ukraine losing its funding. Trump's callIt remains to be seen how influential any of Trump's picks would be in shaping policy.
Persons: Donald Trump's, Trump, Donald Trump, hasn't, Ukraine —, Marco Rubio, Joe Biden's, Trump's, Vladimir Putin, Pete Hegseth, Shawn Ryan, Putin, Alfons Cabrera, Mike Waltz, Biden, Tulsi Gabbard, Volodymyr Zelenskyy, Don Jr, , Alexander Libman, Mark Cancian, Mylovanov Organizations: Ukraine, State, Defense, NBC News, Pentagon, Fox News, Getty, National Intelligence, Free University of Berlin, Marine Corps, Kyiv School of Economics, Economist Locations: Ukraine, Kyiv, America, Russia, Florida, Afghanistan, Iraq, Polish, Ukrainian, Russian, Kramatorsk, Donetsk Region, Europe
CNN —Fireworks likely caused the death of a baby red panda at Edinburgh Zoo after she became so stressed that she choked on her own vomit, experts from the Royal Zoological Society of Scotland (RZSS) said on Thursday. Roxie’s mother Ginger had died a few days earlier but the baby red panda “was responding well to specialist care from our expert team and was feeding independently,” said RZSS deputy chief executive Ben Supple in a statement. RZSS, a wildlife conservation charity that runs Edinburgh Zoo, is now calling for tighter restrictions on fireworks given the risks they pose to animal welfare. Like Roxie, a baby zebra died after being spooked by the sounds of fireworks at Bristol Zoo in November 2020. This would help avoid devastating consequences for animals like Roxie while ensuring that people can still enjoy traditional celebrations,” he said.
Persons: Roxie, Roxie’s, Ginger, , Ben, “ Roxie, Roxie's, , Siobhian Brown, doesn’t Organizations: CNN, Edinburgh Zoo, Royal Zoological Society of Scotland, RSPCA, Bristol Zoo, Edinburgh, Department for Business, Trade, Scottish Locations: Scottish
What can news outlets do to regain trust and appeal to new audiences without alienating existing readers and viewers? For the past week, CNN’s media team has been receiving feedback from readers of the Reliable Sources newsletter. Mainstream media outlets have been losing public trust for decades, particularly among Republicans, but also among Democrats and independents. Maybe, CNN’s Donie O’Sullivan commented last week, the media collectively spent “too much time obsessing about polling (where did that get us?) As long as President-elect Donald Trump keeps repeating lies and raising controversies, the press will be seen as a hostile force by many Trump voters.
Persons: New York CNN — Donald Trump’s, Kamala Harris, , , Greg Gutfeld, Sean Hannity, ” Elon Musk, Harris, Donie O’Sullivan, MAGA, it’s, TheWrap’s Sharon Waxman, Donald Trump, They’re, Joe Rogan’s, Charlie Warzel, Rachel Karten, “ Trump, Tim Graham, Arlie Russell Hochschild, Vox, Lulu Garcia, Navarro, Buck, Richard Stengel, Andrew Morse, “ It’s, Will Bunch, there’s Organizations: New, New York CNN, ” Fox, Trump, Media, ABC News, Nielsen, CNN, News, Civic Health, Media Research Center, ” New York Times, Atlanta, Philadelphia Locations: New York, Washington, York, U.S
Edith Yeung, general partner at Race Capital, and Larry Aschebrook, founder and managing partner of G Squared, speak during a CNBC-moderated panel at Web Summit 2024 in Lisbon, Portugal. LISBON, Portugal — It's a tough time for the venture capital industry right now as a dearth of blockbuster initial public offerings and M&A activity has sucked liquidity from the market, while buzzy artificial intelligence startups dominate attention. And in the VC world, it's really all about liquidity stupid," Edith Yeung, general partner at Race Capital, an early-stage VC firm based in Silicon Valley, said in a CNBC-moderated panel earlier this week. When a VC makes an equity investment and the value of their stake increases, it's only a gain on paper. Yeung said the lack of IPOs over the last couple of years had created a "really tough" environment for venture capital.
Persons: Edith Yeung, Larry Aschebrook, G, Portugal —, Groq —, Yeung, there's, Big Techs Organizations: Race Capital, CNBC, Summit, Microsoft Locations: Lisbon, Portugal, LISBON, U.S, Silicon Valley
Amid rising costs, Saudi Arabia is scaling back Neom plans to focus on sports venues. The new city faces financial challenges, leadership changes, and scrutiny over human rights issues. AdvertisementSaudi Arabia is changing plans for mega-city Neom to cut costs and prioritize building for international sporting events. Governments and human rights groups have also scrutinized alleged human rights abuses, including of migrant workers building Neom. In July, Saudi Arabia rejected allegations that three men were sentenced to death because they criticized evictions to make way for the Neom project.
Persons: , Neom, Francois Nel Organizations: Service, Reuters, Games, NEOM Beach, Neom Locations: Saudi Arabia, New York City, Saudi
Trump has nominated Robert F. Kennedy Jr to lead the Department of Health and Human Services. The president-elect previously vowed to let Kennedy "go wild on health." AdvertisementTrump has nominated former presidential candidate Robert F. Kennedy Jr. to lead the Department of Health and Human Services, likely sparking a confirmation battle in the Senate. "I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services (HHS)," Trump wrote on Truth Social. Representatives for Trump and Kennedy did not immediately respond to a request for comment.
Persons: Trump, Robert F, Kennedy Jr, Kennedy, , Obama, Semafor Organizations: Department of Health, Human Services, Service, United, Health, Public Health, Biden, and Drug Administration, Pfizer, Moderna, Trump, HHS
AdvertisementTop Goldman officials denied any plans to cut Carter's department and said she had upgraded Goldman's marketing capabilities. "It sounds like a few people have a quaint understanding of marketing at Goldman Sachs," a Goldman spokesman, Tony Fratto, said. They turned to the consulting giant McKinsey, which recommended Goldman increase its marketing budget and hire a chief marketing officer, these people said. Related storiesAs AT&T's chief brand officer, Carter handled sports sponsorships, advertising, and diversity messaging in a division headed by the telecom giant's global marketing officer, Lori Lee. PATRICK T. FALLON/AFP via Getty ImagesIn recent weeks, Goldman's marketing team has suffered more departures.
Persons: Goldman Sachs, Goldman, Fiona Carter, Carter, David Solomon's, Solomon, Tony Fratto, It's, Goldman dealmaker, , John Waldron, Lori Lee, Robert De Niro, Katie Holmes, John Rogers, Waldron, Rogers, Fratto, Sean Zanni, Jake Siewert, Maria dal, speechwriting, Dal Pan, Goldman Sachs SAUL LOEB, Matt Gibson, David Solomon, PATRICK T, FALLON, Jason Hill, snagging, There's, Russell Horwitz, Goldman's, Horwitz, " Horwitz, Emmalyse Brownstein, Reed Alexander Organizations: Goldman, Business, Forbes, McKinsey, T's, Hollywood, Tribeca Film, Goldman's New, BI, AFP, Formula One United, Prix, Getty, White Locations: Sachs, Goldman's, Goldman's New York City, Formula One United States, Austin , Texas, York City
When Andre Nader got laid off, he and his wife had enough in savings that he didn't have to job search. To go from 'semi FIRE' to 'full FIRE,' he calculated his family of 3 would need $5.6 million. He and his wife were living and working full-time in tech in San Francisco, raising a toddler, and loosely planning on eventually leaving the expensive Bay Area. His "enough number" is also different — it's closer to $5.6 million, he told Business Insider. His "enough number" is constantly shifting, but here's how he came up with $5.6 million for a family of three living in San Francisco.
Persons: Andre Nader, doesn't, , Meta, Nader, They'd, I'm, I've, outsized, he's, Roth Organizations: Service, FIRE, Affordable, UC, Social Security, Vanguard, Market, Index Fund Locations: San Francisco, Meta, California
It is 1985 and the heavyweight is about to make his professional boxing debut. His last professional fight came in a loss to Kevin McBride more than 19 years ago, and his last exhibition fight was four years ago when, coincidentally, Paul was fighting in just his second professional fight on the undercard of that very event. “The second thing I worry about is, this is a fighter who was had many, many years of professional boxing under his or her belt. Tyson will return to professional boxing 19 years after his last bout. Tyson's (right) last professional fight came in 2005 when he lost to Ireland's Kevin McBride (left).
Persons: Mike Tyson, Tyson, Hector Mercedes, Mike ”, Jake Paul, Kevin McBride, Paul, neurologically, Nitin K Sethi, ” Sethi, , Stephen McCarthy, Sethi, , there’ll, , ” Tyson, He's, Mark Young, Manny Millan, Sugar Ray Robinson, George Foreman, Evander Holyfield, Larry Holmes, Harrison Martland, Pablo Martinez Monsivais, ’ ”, ’ “, I’ve, I’m, ’ There’s, Organizations: CNN, T, Dallas Cowboys, Weill Cornell Medical College, , ” CNN, Latham Coliseum, New York State Athletic, Texas Department, World Medical,
Warren Buffett's Berkshire Hathaway built a new stake in Domino's Pizza last quarter, according to a regulatory filing Thursday. The Omaha-based conglomerate bought more than 1.2 million shares of the pizza chain for a stake worth about $550 million at the end of September. Buying Pool, Selling Ulta Berkshire also took a small stake in swimming pool supplier Pool Corp. last quarter. It could be another value bet as Pool shares have lost 10% this year. Also in the third quarter, Buffett's holding company nearly dissolved its new bet on Ulta , selling about 97% of the shares.
Persons: Warren, Berkshire Hathaway, Ted Weschler, Todd Combs Organizations: Pool Corp, Berkshire, Apple, Bank of America Locations: Omaha, U.S, Berkshire
Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. This time around, Trump's tariff proposals on Chinese imports could help Amazon in its competition against low-price online sellers Temu and Shein. Salesforce : Not a Trump stock, but it wasn't a Kamala Harris stock either. Constellation Brands : The Mexican beer importer has been punished on fears about what Trump's tariff and immigration proposals could do to its business. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Jim, Donald Trump's, Trump's, Abbott, Trump, Hock Tan, Tan, We'll, it's pricier, Morgan Stanley, Wells, Kamala Harris, Agentforce, That's, Biden, Dover, Eaton's, Elon, Waymo, JD Vance, we've, Linde, that's, Eli Lilly, Robert F, Kennedy Jr, Kennedy, Lilly, Mark Zuckerberg, Zuckerberg, Goldman Sachs, shouldn't, Nextracker, Brian Niccol, Niccol, Stanley Black, Decker, TJ Maxx, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Abbott Laboratories, Abbott Labs, White, Biden, AMD, Trump, Wednesday, Broadcom, VMWare, BlackRock, Costco, Coterra Energy, Coterra, DuPont, Disney, GE Healthcare, GE Aerospace, Google, Honeywell, Elliott Investment Management, Linde, Microsoft, Big Tech, Apple, Meta, Financial Times, Nvidia, Palo Alto Networks, Yum Brands, Taco Bell, Constellation Brands, Management, TJX, Marshalls, Jim Cramer's Charitable Locations: China, India, Missouri, Wells Fargo, BlackRock, Shanghai, Dover, U.S, Palo, HomeGoods
Tesla employees are contending with a CEO whose list of commitments grows by the day. Most celebrated the company's surging stock price — it's up nearly 33% year to date — as Tesla stock makes up a significant share of most workers' compensation. Musk's growing list of commitmentsIn the runup to the election, Tesla CEO Elon Musk threw his money and influence behind Donald Trump. 🇺🇸🇺🇸🇺🇸 — Ashok Elluswamy (@aelluswamy) November 6, 2024Kimbal Musk, Elon Musk's brother and a Tesla board member, also appeared to celebrate the win. "On one hand, you want to celebrate the fact that the stock is up an insane amount," the employee said.
Persons: Elon Musk, Donald Trump, Vivek Ramaswamy, Musk, Trump's, Postelection, hasn't, Ashok Elluswamy, Elon, Don ’, cris, ric cars. At, vic Organizations: Elon, Tesla, Trump, PAC, America PAC, Department of Government, Palm, House Republicans, icl Locations: California, Texas, Palm Beach , Florida, Trump's, Mar, Palm Beach, Washington, DC, Palm
CNN —As he stood inside the echoing hall of the prison, Matt Gaetz seemed impressed. It was July, and Gaetz — who will oversee the Federal Bureau of Prisons if he becomes attorney general — was visiting El Salvador’s notorious Terrorism Confinement Center (Cecot), where gang leaders and murderers are locked up and from which they are never released. “This is the solution” for El Salvador, Gaetz added, in a video released by Bukele. That trip came just a month after Gaetz, Donald Trump Jr. and others traveled to Bukele’s second inauguration. Gaetz founded a congressional El Salvador caucus with Democratic Rep. Vicente Gonzalez of Texas in July in a rare moment of bipartisanship.
Persons: Matt Gaetz, , , Gaetz, Donald Trump’s, Gaetz —, , El Salvador’s, El, Nayib Bukele, Trump, Bukele —, Bukele, Donald Trump Jr, Vicente Gonzalez Organizations: CNN, Federal Bureau of Prisons, El, Supreme, Time Magazine, Democratic Rep, Vicente Gonzalez of Texas, Representatives, State Department Locations: United States, El Salvador, Central, South America
Hefty capital gains tax bills could be around the corner for investors in certain mutual funds. Fund families are notifying shareholders of estimated capital gains distributions for 2024, which they will issue to investors in December. This year has been a strong one for stocks, with the S & P 500 up more than 25%, and double-digit distributions from some mutual funds are on deck. See below for a few funds that are expected to spin out double-digit capital gains distributions this year, per Morningstar. If your losses exceed your capital gains, you can also apply up to $3,000 of them toward ordinary income on your federal return.
Persons: Morgan, Stephen Welch, Welch Organizations: Institutional Fund
CNN —Hollywood star Sydney Sweeney has hit out at what she calls “fake” pronouncements on female empowerment in the entertainment industry. “This entire industry, all people say is ‘women empowering other women.’ None of it’s happening. “I’ve read that our entire lives, we were raised — and it’s a generational problem — to believe only one woman can be at the top. There’s one woman who can get the man. There’s one woman who can be, I don’t know, anything,” said Sweeney.
Persons: Sydney Sweeney, , Sweeney, Carol Baum, ” Sweeney, , “ I’ve, ’ I’m, I’m, Christy Martin, she’s, Martin — Organizations: CNN, Hollywood Locations: Hollywood
At the edge of Serengeti National Park sits TAASA, a luxury safari lodge. The lodge sits near three ecosystems: the Serengeti National Park, the Maasai Mara National Reserve, and the Ngorongoro Conservation Area. A pair of zebras and a lion in the Serengeti National Park in Tanzania. In Serengeti National Park, night game drives aren't permitted. I whispered the words to myself on game drives and woke up to the lyrics in my mind some mornings.
Persons: , Jambo, Habari, Mzuri sana, TAASA's, May Simon, Simon, TAASA, Monica Humphries, Mikindo, Logolie Milya, Sam, Milya Organizations: Service, Toyota, Cruiser, Business, Mara, Reserve, Rovers Locations: TAASA, Tanzania's Lobo, Lodge, Ngorongoro, Tanzania, Ololosokwan
Elon Musk is a showman, not an accountant
  + stars: | 2024-11-14 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
The merch will be 🔥🔥🔥”If you need more evidence of how silly this whole thing is, note (as many commentators did online) that the efficiency department is being overseen by two people. On the campaign trail last month, Musk was asked how much he thought he could cut from the nation’s $6.5 trillion budget. Musk would be lucky to find $200 billion in the federal budget, former Treasury Secretary Larry Summers said at the Economic Club of New York on Tuesday. Even Trump joked to House Republicans on Wednesday that he can’t get rid of Musk, a source in the room told CNN. And that means Musk himself, as Tesla’s largest individual shareholder, is $55 billion richer today than he was a week ago.
Persons: Donald Trump, Elon Musk, , he’s, Vivek Ramaswamy, ” Trump, Elon, Vivek, Trump, Musk, ments on Organizations: New, New York CNN, bro, “ Department, Government, Ford, United Airlines, Republican Congress Locations: New York, le
Then, less than six hours after giving birth, O’Neil was wheeled through the labor and delivery unit to go home. Racial disparities persist, she added; for Black people, the preterm birth rate is 1.5 times higher than the rate among all other babies. Many of the regions with high preterm birth rates are maternity care deserts, Williams said. The US cities with high preterm birth rates also are “areas where there are many chronic conditions and patients living with a greater number of things like hypertension, diabetes, obesity – those are all drivers of preterm birth as well,” Williams said. “Every pregnant woman who lives in a maternal health care desert should be provided with access to a health care app that is monitored by remote providers.
Persons: CNN —, , Ashley O’Neil, O’Neil, Jorge, , , Vinson, ” O’Neil, , Amanda Williams, Williams, ” Williams, Gilbert, ‘ We’re, Lori Tremmel Freeman, prematurity, We’re, ” Freeman, Amanda Shafton, ” Shafton, Telehealth, ’ O’Neil, Kolin, Ashley ONeil, I’ll, ’ ” Kolin, don’t, O’Neil’s, Dr, Sanjay Gupta Organizations: CNN, US Centers for Disease Control, Dimes, United, Detroit, Cleveland, Affordable, Medicaid, National Association of County, City Health, Hospitalist, , OB, CNN Health Locations: Maryland, , United States, Mobile , Alabama, Ramapo , New York, Irvine , California, Gilbert , Arizona, NICU, Kolin
"A Kamala presidency would have meant the same exact things for crypto and digital assets in four years' time as a Trump presidency," Brokate says. Part of crypto's upward price momentum stems from investor optimism in what a Republican-controlled government could mean for digital assets, Brokate says. But forward-looking investors say that the current market for crypto is barely scratching the surface of potential investor demand. That is, crypto advocates say, if the U.S. government provides a clearer regulatory framework for financial institutions to market and sell crypto and other digital assets to customers. Ideally, crypto enthusiasts say, the U.S. would eventually establish regulatory frameworks similar to the one that exists in Europe known as MiCA — Markets in Crypto Assets.
Persons: Kamala, Trump, Brokate, Federico Brokate, bitcoin, Geoff Kendrick, Andy Baehr, hasn't, Baehr Organizations: Republican, Trump, Crypto, CNBC Locations: U.S, Europe
Megan Gorman, author of All The Presidents' Money. MG: Money caused and causes anxiety for everyone. For instance, Ronald Reagan used budgeting as a mechanism to manage emotion when it came to money. As Reagan got older, he found that having a budget and sticking to it allowed him to manage his financial anxiety. Early experiences informed money habitsAN: Who had the most financial struggles before becoming president?
Persons: Thomas Jefferson, George Peter Alexander Healy, Megan Gorman Annie Nova, Megan Gorman, Richard Nixon, Grover Cleveland, Calvin Coolidge, John F, Kennedy, spender, Jefferson, Marc Cartwright, Ronald Reagan, Reagan, Harry Truman, Truman, Herbert Hoover, Hoover Organizations: Hulton, White, Stanford Locations: France
Former U.S. Army intelligence analyst Chelsea Manning says censorship is still "a dominant threat," advocating for a more decentralized internet to help better protect individuals online. Her comments come amid ongoing tension linked to online safety rules, with some tech executives recently seeking to push back over content moderation concerns. "Censorship is a dominant threat. "I think that social media and the monopolies of social media have sort of gotten us used to the fact that certain things that drive engagement will be attractive," she added. "One of the ways that we can sort of countervail that is to go back to the more decentralized and distribute the internet of the early '90s, but make that available to more people."
Persons: Chelsea Manning, Karen Tso, Manning Organizations: U.S . Army, Summit Locations: Lisbon, Portugal
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