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☆ Wiz rejects $23B Google deal
▼ + stars: | 2024-07-23 | 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 EmailWiz rejects $23B Google dealCNBC's Steve Kovach joins 'Money Movers' to discuss the latest developments in tech after cybersecurity startup Wiz rejected Google's $23B takeover deal.

Persons: Steve Kovach

Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant's largest-ever deal, telling employees it would pursue an initial public offering as it initially planned. The deal would have nearly doubled the $12 billion valuation of the startup from its most recent round of funding. Alphabet's cloud segment has been under pressure to grow amid competition from frontrunners Microsoft and Amazon, something the Wiz deal would have helped with. The shift benefited Wiz, which can flag security issues for applications and data on the Amazon, Google, Microsoft and Oracle public clouds. In an interview with CNBC's Sara Eisen and Carl Quintanilla at the New York Stock Exchange last year, Eisen asked Rappaport if he wants to take the startup public.

Persons: Sundar Pichai, Wiz, Assaf Rappaport, Rappaport, Thomas Kurian, Brendan Burke, It's, Doug Leone, Covid, Sid Trivedi, CNBC's Sara Eisen, Carl Quintanilla, Eisen Organizations: Alphabet Inc, Government, Society, Google, CNBC, Microsoft, Index Ventures, Insight Partners, Lightspeed Venture Partners, Sequoia, PitchBook, Intuit, Ventures, Sequoia Capital, Wiz's, Wiz, Oracle, Foundation Capital, Motorola, Lenovo, New York Stock Exchange Locations: Stanford , California, Sequoia

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Persons: Merrill Cash, Merrill There's, Cash, Wells, Read, Merrill, you'll Organizations: Business, Bank of America, The Bank of America, of America, Merrill, Bank, America, Bank of America's, Apple, Google, Samsung, Wells, Chase, Chase Travel, Merrill Cash Management, Mastercard, Chevron Locations: Bank, Wells, U.S, Chevron

☆ What Google's decision to keep cookies means for the internet
▼ + stars: | 2024-07-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNTGoogle announced in a surprise move that it would reverse its years-long plan to phase out third-party cookies. The U.S. internet giant said late Monday it is reversing a long-planned move to ditch third-party cookies — the critical text files that track users' web activity for advertisers. And what does Google's decision mean for how you interact with the web moving forward — or, for that matter the advertising industry? Roughly 40.9% of websites globally use cookies to gather data on users, according to data from W3Techs, a web technology research firm. This issue forms the main reason why Google has now decided to terminate its planned depreciation of third-party cookies.

Persons: Daniel Acker, Matthew Holman, Cripps, it's, Google's, Steve Silvers, there's, Silvers, Authority —, Vasiliki, Makou, Jennifer Elias Organizations: Google, Bloomberg, Getty, CNBC, Competition, Authority, ICO, Data Locations: U.S, W3Techs, Europe, London

☆ Alphabet reports earnings after the market close. Here's how analysts see it playing out
▼ + stars: | 2024-07-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

Alphabet is set to report second-quarter earnings after the market closes Tuesday, one of the first of the " Magnificent Seven " to post its results this earnings season. For Google search revenue, Wolfe Research estimates growth of 12.6% compared to the prior-year period. Wolfe has an outperform rating on Alphabet and a share price target of $240, implying more than 32% upside from Monday's close. Deutsche Bank, Bank of America and TD Cowen all increased their price targets on the stock heading into earnings. GOOGL mountain 2024-07-22 Alphabet, 2-day Bernstein analyst Mark Shmulik also chooses to stay neutral, rating Alphabet market perform.

Persons: LSEG, Baird, Colin Sebastian, Wolfe, Shweta Khajuria, TD Cowen, Benjamin Black, Justin Post, John Blackledge, Barton Crockett, Rosenblatt, Bernstein, Mark Shmulik, Shmulik Organizations: Google, Wolfe Research, Deutsche Bank , Bank of America, Bank of America, YouTube, Rosenblatt Securities, Department of Justice, DOJ

☆ Wiz ends talks with Google on $23 billion deal
▼ + stars: | 2024-07-23 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Wiz has ended talks with Google parent Alphabet on a proposed $23 billion deal in which the Israeli cybersecurity startup would have become the US tech giant’s largest ever acquisition, according to a Wiz memo seen by Reuters. Neither Alphabet (GOOGL) nor Wiz have officially acknowledged deal talks. The Wiz memo did not name Google or Alphabet. CNN reported earlier this month that Alphabet was in advanced talks to buy Wiz for roughly $23 billion, citing a person familiar with the matter. Discussions between Google and Wiz began after the startup raised $1 billion from venture capital investors earlier this year, the source said.

Persons: Assaf Rappaport, ” Rappaport, Wiz Organizations: Google, Reuters, Wiz, CNN

☆ Disney slides on concerns about its theme parks. That should not be a surprise
▼ + stars: | 2024-07-23 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The S & P 500 edged slightly higher Tuesday as investors awaited quarterly earnings releases after the close from influential tech companies. This follows CNBC-parent Comcast's quarterly earnings on Tuesday, which missed revenue estimates due to weakness in theme parks and film studios. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Danaher, that's, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow Jones, Google, YouTube, NFL, Walt Disney, Club, Disney

☆ Forget keto — Ozempic might finally kill the low-carb diet trend
▼ + stars: | 2024-07-23 | by ( ) www.businessinsider.com time to read: +5 min

Read previewHold the butter — the rise of weight loss medications may be signaling an end to popular high-fat, low-carb diet trends. But interest has begun to wane in recent years, with the number of people on keto diets dropping by 4% in 2023. Some doctors have called keto the worst diet for healthDespite hitting its stride in the mid-2010s, the keto diet has been around for at least a century. Both saturated fat and processed meats are popular in low-carb diet variations like "dirty keto," full of junk food. GLP-1 drugs work for weight loss by mimicking various hormones that naturally occur in the human body and help regulate appetite.

Persons: —, Ozempic, Atkins, they're Organizations: Service, Google, New, Business, Consumer, FDA Locations: carbs, dietitian

☆ Alphabet Reports 29% Jump in Profit as A.I. Efforts Begin to Pay Off
▼ + stars: | 2024-07-23 | by ( Nico Grant | ) www.nytimes.com time to read: 1 min

Google faced a setback on Monday when the cybersecurity start-up Wiz rejected its $23 billion acquisition offer, a deal that could have given momentum to its cloud-computing operations. On Tuesday, Google’s parent company Alphabet reminded investors that it’s doing just fine even without the deal. The tech giant reported strong revenue growth in its search advertising and cloud-computing businesses, raising its profit, though the increase in YouTube ad sales fell short of expectations. In the second quarter, Alphabet posted $84.7 billion in quarterly sales, up 14 percent from a year earlier and narrowly exceeding analysts’ estimate of $84.1 billion, according to data compiled by FactSet.

Persons: Wiz, FactSet Organizations: Google

The Bank of America® Travel Rewards credit card is a good travel credit card for beginners or those who prefer simplicity in earning and redeeming rewards. Bottom LineIf you're in search of a no-annual-fee travel credit card that offers a straightforward points program, the Bank of America® Travel Rewards credit card is worth considering. Bank of America Preferred Rewards Tiers Preferred Rewards Gold: 25% more rewards on eligible Bank of America rewards credit card spending (earn 1.875 points per dollar)25% more rewards on eligible Bank of America rewards credit card spending (earn 1.875 points per dollar) Preferred Rewards Platinum: 50% more rewards on eligible Bank of America rewards credit card spending (earn 2.25 points per dollar)50% more rewards on eligible Bank of America rewards credit card spending (earn 2.25 points per dollar) Preferred Rewards Platinum Honors: 75% more rewards on eligible Bank of America rewards credit card spending (earn 2.625 points per dollar)One other way to boost your returns from the Bank of America® Travel Rewards credit card is by purchasing travel through the Bank of America travel center. No foreign transaction feesGood travel credit cards don't charge foreign transaction fees, and the Bank of America® Travel Rewards credit card is no exception. The Bank of America® Travel Rewards credit card is worth it if you're looking for a simple way to earn and use credit card rewards for travel without paying an annual fee.

Persons: It's, cardholders, you'll, Merrill, Miles you've, there's Organizations: Business, Bank of America, of America, Merrill, Bank, America, Airlines, Bank of, Google, Samsung, Wells, Cell, Mastercard, Chevron

☆ OpenAI reassigns top AI safety executive Aleksandr Madry to role focused on AI reasoning
▼ + stars: | 2024-07-23 | by ( Hayden Field | ) www.cnbc.com time to read: +6 min

OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. OpenAI last week removed Aleksander Madry, one of OpenAI's top safety executives, from his role and reassigned him to a job focused on AI reasoning, sources familiar with the situation confirmed to CNBC. Madry will still work on core AI safety work in his new role, OpenAI told CNBC. The decision to reassign Madry came less than a week before a group of Democratic senators sent a letter to OpenAI CEO Sam Altman concerning "questions about how OpenAI is addressing emerging safety concerns." Leike wrote in a post on X that OpenAI's "safety culture and processes have taken a backseat to shiny products."

Persons: Sam Altman, OpenAI, Aleksander Madry, Madry, reassign Madry, it's, Lina Khan, they've, Ilya Sutskever, Jan Leike, Leike, Greg Brockman, Brockman, Altman Organizations: Microsoft, CNBC, MIT's Center, MIT, Democratic, Google, Meta, FTC, Department of Justice, Nvidia Locations: Redmond , Washington

Credit Karma Savings Account FeaturesCurrent Credit Karma Savings Rate and How It ComparesThe Credit Karma Savings interest rate is significantly higher than the average savings account interest rate of 0.45% APY. How Credit Karma Savings WorksOpening a Credit Karma Savings AccountCredit Karma works as an online-only platform, so you'll need to open a savings account using its website or app. For customer support, Credit Karma offers both a phone line and a live chat for Credit Karma Money account holders. Credit Karma Savings Account FAQsIs Credit Karma savings a good idea? Yes, Credit Karma offers the Credit Karma Money Save Account, which is a high-yield savings account paying 5.10% APY.

Persons: It's, Karma, You'll, haven't, Ally, Synchrony Organizations: Credit, Karma, Social, Karma Savings, Credit Karma, Google, Apple, Better, MVB Bank, Intuit, Better Business, BBB, Federal Trade Commission, FTC, Ally Bank, Synchrony, Business Locations: Chevron

☆ Google is ditching its plan to kill third-party cookies after ad industry pushback
▼ + stars: | 2024-07-22 | by ( Dan Whateley | ) www.businessinsider.com time to read: +1 min

Google no longer plans to banish third-party cookies from Chrome. Google wrote in a blog post that it's still discussing the plan with regulators. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle says it plans to keep third-party cookies alive in Chrome after spending years preparing for their demise, per a company blog post published on Monday. In early 2020, Google said it hoped to make third-party cookies, a solution that allows publishers and other players to track individual web browsers, obsolete by introducing a new privacy-first solution it dubbed Privacy Sandbox.

Persons: — Organizations: Google, Service, Business

Some of the most important factors to consider when buying a house are price, size, and location. Location and neighborhoodLocation is something you're stuck with until you move, so be sure you're choosing a city, school district, and neighborhood that suits your needs. If homes are flying off the shelves, you'll need to be prepared to make fast offers that get noticed right off the bat. If the appraisal comes in lower than what you offer, you'll have to make up the difference or renegotiate with the seller. Evaluating a house's resale potential is critical, as you want to be sure you're making a smart investment of your money.

Persons: Glen Pizzolorusso, Hope, that's, they're, it's, you've, they'll, you'll Organizations: Glen Christopher Luxury, Facebook, Energy Locations: Connecticut, Chevron

☆ Global leaders react to 'true friend' Biden dropping out of U.S. presidential race
▼ + stars: | 2024-07-22 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Canadian Prime Minister Justin Trudeau called Biden "a true friend" and a "partner to Canadians." "I've known President Biden for years. To President Biden and the First Lady: thank you," Trudeau wrote in an Instagram post. Biden's "difficult" decision was acknowledged by Polish President Donald Tusk and Czech Prime Minister Petr Fiala as driven by the larger interest of the U.S."Dear President @JoeBiden. "We will always be thankful for President Biden's leadership.

Persons: Joe Biden, Kamala Harris, Biden, Donald Trump, Justin Trudeau, He's, —, Trudeau, Keir Starmer, Biden's, Donald Tusk, Petr Fiala, @JoeBiden, You've, Tusk, Anthony Albanese, Yoav Gallant, Gallant, Volodymyr Zelenskyy, Dmitry Peskov, Peskov, Barack Obama, Obama Organizations: College of Southern, Sunday, Democratic Party, Canadian, Czech, Israeli, Kremlin Locations: College of Southern Nevada, Las Vegas , Nevada, Poland, America, U.S, Israel, Gaza, Moscow, Ukraine, Russian

☆ Jim Cramer says Kamala Harris would be better for stocks than President Biden
▼ + stars: | 2024-07-22 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Vice President Kamala Harris is a better candidate for Wall Street and the stock market than President Joe Biden, CNBC's Jim Cramer said Monday. Biden on Sunday ended his struggling re-election campaign and threw his support behind Harris to replace him at the top of Democratic ticket in the race against Republican nominee Donald Trump. Harris as the Democratic nominee would "absolutely" be a net positive for the stock market and American business compared with Biden, Cramer said on "Squawk on the Street." Cramer contended that Harris has a more sophisticated view on business issues than Biden, particularly on the technology industry. "This whole idea that she's a clone of his, it's just completely wrong," Cramer added.

Persons: Kamala Harris, Joe Biden, CNBC's Jim Cramer, Biden, Harris, Donald Trump, Harris —, —, Cramer, it's Organizations: Wall, Sunday, Democratic, Republican, Biden, Apple, Google, Meta Locations: California, Harris

CNN —Within minutes of President Joe Biden endorsing Vice President Kamala Harris to replace him on the Democratic Party’s ticket on Sunday, the internet crackled with lies, altered photos and other misleading claims about Harris. Some supporters of former President Donald Trump – the Republican nominee in the November election – even suggested Biden was the victim of a coup. Meanwhile, a slew of slickly edited pro-Harris videos quickly proliferated on social media as her backers tried to capitalize on the moment. Biden’s likeness was also exploited in the aftermath of his announcement, which came via a post on social media and not televised address. Harris’ team has also embraced a viral post from British pop singer Charli XCX that referred to Harris as “brat,” a concept that includes women and queer empowerment.

Persons: Joe Biden, Kamala Harris, Harris, Donald Trump –, –, Biden, slickly, ” Erik Nisbet, Elon Musk, Alexander Soros, megadonor George Soros, Soros, Musk, Jeffrey Epstein, people’s, Harris ’, Charli, Kremlin mouthpieces, Volodymyr Zelensky, ”, “, ” Joseph Bodnar, they’re, Shane Huntley Organizations: CNN, Democratic, Republican, Democratic Party, Northwestern University’s School of Communication, Trump, PBS, Kremlin, Biden, Google Locations: India, Jamaica, British

☆ 'Botshit' is an example of how AI is making customer service worse
▼ + stars: | 2024-07-22 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Air Canada's customer service chatbot told Moffatt he could claim the discount after the flight. Botshit is one example of how the use of AI might worsen companies' customer service. In January, a UK parcel company removed its new AI customer service chatbot after it swore at a customer. AdvertisementAnd when Google rolled out its AI chatbot Gemini earlier this year, it produced historically inaccurate images of people of color. However, the researchers argued that customer service is the least risky use of AI for businesses.

Persons: —, Jake Moffatt's, chatbot, Moffatt, Ian P, McCarthy, Timothy R, Hannigan, André Spicer, Edelman, What's, Dan Davies, Sundar Pichai, Spicer Organizations: Service, Air Canada, Air, Business, Harvard, Edelman Data, Intelligence, Microsoft, LinkedIn, Google Locations: Canada's, New York

☆ Google scraps plan to remove cookies from Chrome
▼ + stars: | 2024-07-22 | by ( ) www.reuters.com time to read: +3 min

The Google logo is seen in Las Vegas, Nevada, U.S. January 10, 2024. REUTERS/Steve Marcus/File Photo Purchase Licensing Rights , opens new tabCompanies Google Inc FollowAlphabet Inc FollowJuly 22 (Reuters) - Google is planning to keep third-party cookies in its Chrome browser, it said on Monday, after years of pledging to phase out the tiny packets of code meant to track users on the internet. "Advertising stakeholders will no longer have to prepare to quit third-party cookies cold turkey," eMarketer analyst Evelyn Mitchell-Wolf said in a statement. "Google's decision to continue allowing third-party cookies, despite other major browsers blocking them for years, is a direct consequence of their advertising-driven business model," Cohen said in a statement. Reporting by Yuvraj Malik and Jeffrey Dastin in San Francisco; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Steve Marcus, they'd, Anthony Chavez, Chavez, Evelyn Mitchell, Wolf, Lena Cohen, Cohen, Yuvraj Malik, Jeffrey Dastin, Devika Organizations: REUTERS, Google, Markets Authority, European Union, General Data Protection, CMA, Office, Electronic Frontier Foundation, Thomson Locations: Las Vegas , Nevada, U.S, San Francisco

☆ BeReal is facing a user mutiny after its new owner brought ads to the app
▼ + stars: | 2024-07-22 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +1 min

BeReal's new owner, Voodoo, faces a user backlash after it brought ads to the app. Voodoo aims to reach 100 million daily active users, but ads may alienate its core user base. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBeReal's new owner, Voodoo Games, quickly introduced ads to the social-media app after acquiring the company in June. Takes away the friend aspect and creates another money grabbing app," read one review posted on July 9.

Persons: — Organizations: Service, Voodoo Games

☆ CNBC Daily Open: Biden drops out, endorses Harris
▼ + stars: | 2024-07-22 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Big Tech faces the challenge of rekindling Wall Street's enthusiasm after a $900 billion tech rout.

Persons: Sebastian Raedler, haven't, Stephanie Pope, Max, CNBC's Jim Cramer, Elon Musk, Dan Ives, Lina Khan, Khan, Ives, CrowdStrike, Fred Imbert, —, Alex Harring, Jesse Pound, Kevin Williams, Leslie Josephs, Josie Rozzelle, Kevin Breuninger, Dan Mangan, Zev Fima, Spencer Kimball, Lim Hui Jie Organizations: New York Stock Exchange, CNBC, Bank of America, Boeing, Farnborough, Trump, Microsoft, Securities, Big Tech, Google, Apple Locations: New York City, London, New York, New Delhi, Washington

Second-quarter earnings season is in full swing, and several high-profile companies could see big moves in their stock prices this week once their results are public. Two other high-profile names in the top five of the list are Spotify and Chipotle Mexican Grill , with implied moves of 9.4% and 8.9%, respectively. There are several other major stocks that could have a big effect on the overall market if their implied moves come true. Of the 50 analysts who cover Tesla, just 22 have buy or strong buy ratings, according to LSEG. Another big name on the list is Google parent Alphabet , which is set to report results on Tuesday.

Persons: Chipotle, LSEG, Tesla Organizations: CNBC, Enphase Energy, Spotify, Tesla

☆ Google cancels plans to kill off cookies for advertisers
▼ + stars: | 2024-07-22 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

After years of delay, Google says it will no longer cancel and replace third-party cookies — a practice long used by advertisers — for its internet browser Chrome. Cookies are small pieces of code that websites deliver to a visitor's browser and stick around as the person visits other sites. To do so, Google launched its "Privacy Sandbox" initiative to find a solution that protects user privacy and lets content remain freely available on the open web. But in June 2021, Google pushed back the timeline, giving the digital advertising industry more time to iron out plans for more privacy-conscious targeted ads. In a blog post on Monday, the company said it has received feedback, from both advertisers and regulators, that informed its latest decision to cancel the plan to kill off third-party cookies in its browser.

Persons: —, they'd, Anthony Chavez Organizations: Google

☆ CNBC Daily Open: Biden drops out
▼ + stars: | 2024-07-22 | by ( Abid Ali | ) www.cnbc.com time to read: +5 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Starbucks stake Activist investor Elliott Management has taken a substantial stake in Starbucks and is engaging with management to boost the company's share price, according to the Wall Street Journal. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Big Tech faces the challenge of rekindling Wall Street's enthusiasm after a $900 billion tech rout.

Persons: haven't, Stephanie Pope, Max, Elliott Management, Laxman Narasimhan, Howard Schultz, CNBC's Jim Cramer, Elon Musk, Dan Ives, Lina Khan, Khan, Ives, CrowdStrike, Fred Imbert, —, Alex Harring, Jesse Pound, Kevin Williams, Leslie Josephs, Josie Rozzelle, Kevin Breuninger, Dan Mangan, Zev Fima, Spencer Kimball, Rohan Goswami Organizations: CNBC, Dow, Boeing, Farnborough, Wall Street, Starbucks, Trump, Microsoft, Securities, Big Tech, Google, Apple Locations: London, New York, New Delhi, Washington

☆ She felt lost when she became a widow in her 20s. Then she signed up to grief camp
▼ + stars: | 2024-07-21 | by ( Francesca Street | ) edition.cnn.com time to read: +23 min

“Being a widow in my 20s, I don’t have as many people around me who relate to that grief experience. Six months since she’d signed up for grief camp. Being a widow in my 20s, I don’t have as many people around me who relate to that grief experience. She wrote a piece called “Grief Camp is My Happy Place,” for her Substack, describing her experiences. “I think a lot of people hear ‘grief camp’ and think it’s going to be sad all the time.

Persons: Mackenzie Galloway, Cole, ”, ” Galloway, Megan, Cole’s, Camps, ’, Cole scrolled, Galloway, Cole wasn’t, Lindsay Lohan, – Galloway, She’d, “, she’d, –, ‘, ’ ”, Equinunk, “ Mac ”, “ Mackenzie, they’ve, they’d, doesn’t, I’ll, who’d, she’s, Megan –, “ Joy, Jesse Moss, Moss, you’re, Michelle Cove, won’t, Chappell, Chappell Roan, Megan isn’t, Cole didn’t, It’s, that’s Organizations: CNN, CNN Travel, New Yorker, New, Galloway, Experience Camps Locations: Galloway, New, US, Kansas, ”, New York City, Equinunk , Pennsylvania, Cole, New York, Pennsylvania, Equinunk, Blue, Mackenzie

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