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He cited X's increasing compliance with foreign governments' demands to censor content on the platform and the lawsuits against the Center for Countering Digital Hate and Media Matters. X has a pending lawsuit against Media Matters and a pending appeal in a lawsuit that X lost against the Center for Countering Digital Hate. The ACLU, the Electronic Frontier Foundation and the Knight First Amendment Institute at Columbia University filed an amicus brief in support of the Center for Countering Digital Hate. The feud between Musk and the Center for Countering Digital Hate has continued. Rep. Jim Jordan, R-Ohio, also criticized the Center for Countering Digital Hate on Thursday, sending the organization a demand for documents related to the "Kill Musk's Twitter" language.
Persons: Elon Musk, Donald Trump, Anna Moneymaker, Musk, Victoria Nuland, Nadine Strossen, Trump, Strossen, they're, Aaron Terr, Terr, there's, Michael Gerhardt, Chapel Hill, , X, Charles Breyer, Imran Ahmed, Elon, Ahmed, Jim Jordan Organizations: Republican, State Department, Center, American Civil Liberties Union, New York Law School, SpaceX, Justice Department, Foundation, Rights, Hate, Media, NBC News, NBC, Media Matters, University of North, Chapel, Department, The Justice, District, ACLU, Electronic Frontier Foundation, Columbia University, Racket, Federal Government Locations: Butler , Pennsylvania, University of North Carolina, U.S, Ohio
Elon Musk says a leaderboard of "dumb" government spending will expose waste — and he wants your two cents. The Tesla CEO said this week that he planned to post a public "leaderboard for the most insanely dumb spending of your tax dollars." While the effectiveness of Musk's leaderboard remains to be seen, experts told Business Insider it showed his marketing savvy — even if it could also encourage "gotcha" moments that need more context. Especially in a dry realm such as government spending, Musk's plans are bound to grab eyeballs — and perhaps make people feel more invested in the outcome. She said there was some precedent for Musk's leaderboard, noting that former Sen. William Proxmire, a Democrat from Wisconsin, issued the "Golden Fleece Award" for wasteful spending throughout the 1970s and '80s via monthly press releases.
Persons: Elon Musk, , Musk, Donald Trump's, DOGE —, he's, Vivek Ramaswamy, Natalie Andreas, Austin who's, Ayelet, didn't, Musk's, Andreas, Karen North, Clinton, Sen, William Proxmire, It's, screwworms —, Amy Jo Kim, Kim Organizations: Service, Department of Government, University of Texas, Austin, University of Chicago's Booth School of Business, University of Southern California's Annenberg School for Communication, Journalism, Stanford Locations: Wisconsin
Wall Street has been pumping money into the Trump trade, but investors should be wary before committing capital based on campaign promises, if history is any indication. From Election Day 2016 through year-end, the asset class outperformed the S & P 500 by 8% on a relative basis. In fact, from Election Day 2016 through Election Day 2020, smallcaps tumbled more than 22%. Expand the timeline to one year out from Election Day, and the ETF underperformed the broader index by 11%. Energy Energy stocks are expected to get a huge boost from Trump, who made energy a focus of his presidential campaign , and promised to "drill, baby, drill."
Persons: Trump, Donald Trump's, elect's, Russell, Biden, Wells, Austin Pickle, , smallcaps, that's, Fred Imbert Organizations: Bank, Regional Banking, Wells, Investment Institute, Trump, Wells Fargo Investment Institute, Dow Jones, . Energy Energy, Energy Locations: Wells Fargo, that's year's
Aaron Dunn, portfolio manager at Morgan Stanley's U.S. Value Fund , noted the "great deal of volatility" in markets following the election result, as markets reprice "what had been a 50/50 election." Speaking to CNBC's "Squawk Box Asia" on Tuesday, Dunn, who's also co-head of value equity at Morgan Stanley, identified three stocks he is betting on following the election result. It's a diversified play in this, [that] you're getting it for just above the market multiple, with a solid runway of growth," Dunn added. According to FactSet data, of 30 analysts covering the stock, 26 give it a buy or overweight rating. He added that the company should increase its long-term growth rate guidance, given the growth in AI data centers.
Persons: Donald Trump's, Aaron Dunn, Dunn, who's, Morgan Stanley, you've, , Trump, They're Organizations: Morgan, Value, Biden Administration, Trump, U.S ., MAA, NextEra Energy Locations: Morgan Stanley's, U.S
Cisco reports fourth straight quarter of declining revenue
  + stars: | 2024-11-13 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Cisco CEO Chuck Robbins speaks at The Wall Street Journal's Future of Everything Festival in New York on May 21, 2024. Cisco reported a fourth straight quarter of declining revenue even as results topped analysts' estimates. Net income fell to $2.71 billion, or 68 cents per share, from $3.64 billion, or 89 cents per share, in the same quarter a year ago. During the quarter, Cisco acquired security startups DeepFactor and Robust Intelligence. Analysts expected adjusted earnings for the year of $3.58 per share on $55.89 billion in revenue.
Persons: Chuck Robbins, Robbins, Scott Herren, Herren Organizations: Cisco, Everything, StreetAccount, Dell, White, Intelligence, Cisco Systems, Applied Materials, Disney Locations: New York
Daniel Haarburger always asks job candidates a simple, common interview question: What does your day-to-day life look like? One candidate gave him a textbook example of the "worst response that I've ever heard," Haarburger, the CEO of Denver-based dog toy company Woof, tells CNBC Make It. That was someone blatantly saying, 'I don't know what the hell I'm doing.'" You do need to be honest during job interviews, Haarburger notes. Haarburger offers another piece of advice: No matter what you say, keep your demeanor and body language consistent throughout your interview.
Persons: Daniel Haarburger, who's, didn't, Haarburger, Tom Gimbel, DON'T, I'm, Gimbel, Matt Abrahams, Abrahams Organizations: CNBC, LaSalle Network, Stanford University Locations: Denver
DeSantis does not have to listen to Trump, after the two men saw their relationship fray amid DeSantis' national rise and his failed 2024 presidential campaign. “I think that pick makes a lot of sense, and would be great for Florida,” said a Trump ally who acknowledged there is interest from Trump world in seeing DeSantis appoint Lara Trump. "I have heard that too," a DeSantis ally said of Lara Trump getting in the mix for the Senate appointment. Two DeSantis advisers told NBC News that it is very unlikely DeSantis would appoint himself, even though the option remains open. “She would avoid a really nasty primary in two years.”“I’m giving her my full backing” she continued of Lara Trump, who is a North Carolina resident.
Persons: Ron DeSantis, Sen, Marco Rubio, Donald Trump, Lara, Rubio, Trump, wouldn't, Lara Trump, , DeSantis, , James Uthmeier, Trump's, Commerce Wilbur Ross, Uthmeier, James, it's, Gov, Jeanette Nunez, General Ashley Moody, Paul Renner, Jose Oliva, Laurel Lee, Susie Wiles, Wiles, Ron, I’ve, Florida Sen, Rick Scott, Marco Rubio’s, Anna Paulina Luna, Benny Johnson, “ I’m Organizations: Florida Gov, Senate, State Department, Trump, Florida Republicans, NBC, Commerce, NBC News, Republican, Florida, Gov Locations: TALLAHASSEE, Fla, Florida, U.S, North Carolina
They’ve pressed forward even though a majority of Americans still see the Capitol rioters as responsible for an attack against democracy, according to the most recent polling. The most pressing concerns are for convicted rioters required to report to prison before Trump’s inauguration in January, and for rioters with sentencing hearings coming up, according to a source familiar with the discussions. “They’re thrilled with the election, but there’s a lot of uncertainty from their perspective,” the source told CNN. For convicted rioters already serving prison sentences, there’s even less hope to get them out based on Trump’s campaign rhetoric, the source said. She later told CNN that her strategy guide has already been sent to Trump and the Republican National Committee.
Persons: Trump, Micki Witthoeft, Ashli Babbitt, Donald Trump, They’ve, MAGA, “ We’re, hasn’t, , John Pierce, , “ He’s, Jeffrey Crouch, insurrectionists, , ” Zachary Alam, Joseph McBride, ” McBride, Savannah Huntington, Rachel Powell, Powell, she’s, “ They’re, they’re, Suzzanne Monk, Monk, ” Monk, Charlie Kirk, Glenn Beck, Kirk, It’s, can’t, Crouch, Jimmy Carter, Joe Biden, ” Crouch, Trump’s, Clinton, Bush, Tom Cotton, Markwayne Mullin, ” Marcus Childress, don’t, it’s, Aquilino Gonell, Biden, Kamala Harris, Harry Dunn, Sean R, Clark, Emily R, Condon Organizations: Washington CNN, Air Force, Capitol, GOP, , Trump, American University, CNN, Trump –, DC, Defense, Justice Department, American Patriot Relief, American, J6, Republican National Committee, Glenn Beck Program, FBI, Trump Republicans, Former US Capitol Police, US Capitol Police Locations: Savannah, West Virginia, DC, pardoning, Vietnam
France also said it was training Ukrainian pilots. That's a big benefit, experts said, as the F-16 training program keeps being delayed. AdvertisementFrance's plan for getting Ukraine new Western fighter jets could help it skirt a big issue facing the F-16 program. Ukrainian President Volodymyr Zelenskyy stands against the background of Ukraine's Air Force's F-16 fighter jets in an undisclosed location in Ukraine. The Ukrainian Air Force's F-16 fighter jets fly in an undisclosed location in Ukraine.
Persons: , Sébastien Lecornu, Gordon, Skip, Davis, Lockheed Martin, Volodymyr Zelenskyy, it's, Michael Bohnert, George Barros, Barros, Lecornu, Tim Robinson, Bohnert, Denmark — that's, Abrams, Robinson Organizations: Service, Ukraine, Ukraine Mirage, US Army, Lockheed, Politico, Street, AP, Pravda, RAND Corporation, Mirage, Institute for, Dassault Aviation, La Tribune, Ukrine's, Ukrainian, UK's Royal Aeronautical Society Locations: Ukraine, France, Ukrainian, Western, Russia, Nancy, US, Denmark, Romania, Soviet, Norway, Belgium, Netherlands
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. Separately, the estate of crypto exchange FTX sued Binance and its former CEO, Changpeng Zhao, over a "fraudulent" share deal. Some think the rally is getting ahead of itself, writes CNBC Pro's Fred Imbert. A Wall Street analyst pointed out that, according to history, one ostensibly bullish sign actually portends retreats in the near term.
Persons: FTX, Binance, Changpeng Zhao, Donald Trump, Jeremy Siegel, Siegel, Fred Imbert Organizations: CNBC, Dow Jones, NatWest, Metrics, Trust, Wharton School, University of Pennsylvania, Trump, U.S
Live Nation CEO Michael Rapino told CNBC's Jim Cramer on Tuesday that the nature of live music keeps it in demand, which helps the business stay strong — even though some consumer-oriented companies report a pullback due to inflation. Live Nation, which also owns Ticketmaster, has its hand in many aspects of the industry. Live Nation shares jumped more than 4% Tuesday after the company posted earnings and reported its most successful summer concert season to date. Rapino claimed that 2025 would likely be "a record year" with a lot of stadium performances, adding that Live Nation has already sold more than 20 million tickets. "The amount of music available to the consumer today has just propelled this idea that they want to see the live show."
Persons: Michael Rapino, CNBC's Jim Cramer, Ben Folds, Rapino Organizations: Disney, Ticketmaster, U.S . Department of Justice, Nation, Spotify
Jane Lu with her parents. Courtesy of Jane Lu. Quitting her corporate job in secretAs Lu realized that she loved running a business, she also began feeling very unhappy in her corporate role. Revealing the secretOver the span of the first two years building Showpo, Lu kept it a secret that she had quit her corporate finance job. "I remember us having half a million dollars sitting in stock, and I was like: 'Okay, worst case scenario, I can sell all of this and start another business,'" Lu said.
Persons: Jane Lu, Lu, Lu didn't, couldn't, Young —, Fat, Jane, I've, I'm, Showpo's, Boye, Showpo, they've Organizations: Showpo, CNBC, KPMG, Ernst Locations: Australia, China, Sydney
AdvertisementUS stocks have been on a tear since Trump's win. "Let me tell you something: If Trump enacted 50% of what he's saying, you'll have a stock market crash, the likes that you haven't seen since the 1920s," Scaramucci said. You'll crush the economy; you'll crush our tax revenues; you'll flip upside down the job market," Scaramucci said. "They will not be ready for that, and so the stock market will have gotten wrong the current movement." "My guess is that the stock market aficionados, the stock market experts, are probably right," Scaramucci said.
Persons: SkyBridge Capital's Anthony Scaramucci, Trump, there's, Scaramucci, , Anthony Scaramucci, it's, Bitcoin, Donald Trump's, didn't, David Bahnsen, he's, — Elon Musk, Elon, Tom Orlik, David Kelly, ​ ​, Susie Wiles Organizations: Service, House, SkyBridge, Business, Nasdaq, Russell, Trump, Bloomberg Economics, JPMorgan Asset Management, Republican
Succeeding in a job interview requires you to offer strong answers, but you can't do that unless you're also listening intently, says Gillian Munson. Failing to listen to the question asked, and answering with an inappropriate response, is the top, "absolute" red flag she sees in candidates during interviews, says Munson, Vimeo's chief financial officer. "Sometimes folks are in such a hurry to get through the conversation that they don't carefully listen to the question and answer it," she tells CNBC Make It. Even in instances when a candidate is trying to skirt around a question they don't want to answer head-on, it's important to acknowledge that the question is there and relate your answer back to it, advises Munson, 54, who has more than 30 years of experience in the finance industry.
Persons: Gillian Munson, Munson Organizations: CNBC
As a hospice nurse, Julie McFadden spends her days caring for people near the ends of their lives. Specifically, McFadden says she hears these three regrets most often from her hospice patients:They wish they'd appreciated their health when they had it. "Not living the life they wanted, but living the life people around them wanted." On TikTok, where she's known as "hospice nurse Julie," her videos about the science of dying and her medical care experiences have an audience of 1.6 million followers. Just because we talk about something we fear doesn't mean the fear is going to get bigger — in fact, it usually diminishes it."
Persons: Julie McFadden, they're, " McFadden, McFadden, hadn't, aren't, who's, Julie Organizations: CNBC
Elon Musk is close to setting a new wealth record following a Tesla stock surge since the election. Musk's net worth hit roughly $342 billion in Tuesday's premarket, exceeding his 2021 peak. AdvertisementElon Musk is close to breaking his wealth record following Tesla's postelection rally. The world's richest person gained almost $21 billion on Monday as Tesla stock jumped 9%, boosting his net worth to $335 billion, per the Bloomberg Billionaires Index. AdvertisementTesla stock was up 41% for the year at Monday's close, leaving it some way off its record close of $410 on November 4, 2021.
Persons: Elon Musk, , Tesla's, Jeff Bezos, Donald Trump's, Mark Malek, Siebert, Trump, Warren Buffett's, Berkshire Hathaway Organizations: SpaceX, Service, Bloomberg, PAC, Associated Press Locations: premarket, Monday's, Berkshire, Musk's
Agemo has exited stealth with $4 million to build AI that turns text prompts into software. Essentially, this required them to train their AI models to reason like a team of engineers. Agemo finds itself up against the likes of Poolside, which raised $500 million in October, and Magic, which raised $320 million in August. To combat this problem, Agemo is building AI systems that can "reason" in software. AdvertisementEurope's answer to Poolside and MagicTo differentiate it from competitors such as Poolside and Magic, the startup says it has developed a neurosymbolic AI system for software reasoning.
Persons: Agemo, Aymeric Zhuo, Osman Ramadan, , IBM's Jonathan Adashek, Mehdi Ghissassi, Olivier Pomel, Zhuo, Ramadan, ChatGPT, we've, We've Organizations: Service, Firstminute Capital, Mistral, Fly Ventures, Cambridge University, Microsoft, Activision, BI Locations: DeepMind, OpenAI, Sudan, London, Europe, Bay
Morgan Stanley has partnered with cap-table firm Carta to reach founders before they get rich. With this new partnership, Carta will refer clients looking to go public to Morgan Stanley at Work, a division that caters to businesses and their employees. How it worksThe referral deal fills gaps for Morgan Stanley and Carta. Morgan StanleyCarta clients can access Morgan Stanley services before moving to Shareworks. Ideally, these conversations lead to employees becoming wealth management clients, Finn said.
Persons: Morgan Stanley, Jed Finn, , Doug Martin, General Mills, Morgan, Finn, Carta, Morgan Stanley's, Morgan Stanley Carta, Carta Finn, Henry Ward, Wilson Sonsini, Ward Organizations: Service, Carta, Business, Trump Locations: Silicon, Carta, Silicon Valley
Alphabet -owned Waymo is removing the waitlist for its self-driving service in Los Angeles, marking its largest expansion yet. With more than 3.8 million people, LA marks the third and largest city where the company's robotaxi service is now fully available. "Now is an exciting time to welcome everyone in Los Angeles along for the ride," Tekedra Mawakana, co-CEO of Waymo, said in a news release Tuesday. Waymo closed a $5.6 billion funding round in October to expand its robotaxi service across the U.S. Waymo in September announced that it partnered with Uber to launch its robotaxi service in Austin, Texas, in 2025.
Persons: Waymo, Andreessen Horowitz, Perry, Rowe Price, That's, Uber Organizations: U.S, Google, Fidelity, Tiger Global, Hyundai Locations: Los Angeles, LA, Los Angeles County, San Francisco, Phoenix, Waymo, Silver, Austin , Texas, Korean
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase CEO Brian Armstrong: We finally have a chance to get some regulatory clarity in the U.S.Coinbase CEO Brian Armstrong joins "Squawk Box' to discuss crypto's post-election rally, impact of President-elect Trump's victory on the industry, launch of the 'Coinbase 50 Index', crypto's role in the 2024 election, and more.
Persons: Brian Armstrong, Trump's Locations: U.S
Knowing that Avocado makes some of the best organic mattresses, I turned to the Avocado Eco Organic Mattress Topper, a plush and supportive latex topper that sleeps cool. Avocado Eco Organic Mattress Topper The Avocado Eco Organic Mattress Topper is made from organic latex, and adds both support and comfort to your bed. Rebecca Shinners/Business InsiderThe Avocado Eco Organic Mattress Topper offers customization options for different preferences and sleeping habits. Our review of the Avocado Eco Organic Mattress TopperAdvertisementSetupThe Avocado mattress topper arrives vacuum-sealed and unfurls like a mattress in a box. The standard truly beats competitor latex designs in price, like the two-inch Birch Plush Organic Mattress Topper or Saatva's 1.5-inch latex mattress topper.
Persons: Rebecca Shinners, I'm, I've, Boll, it's, It's, Jaclyn Turner, Topper Organizations: Business, FSC, UL Environment Locations: GOLS, California, New York City, Peruvian
These trends — fueled by China Tobacco — come against the backdrop of a long-term decline in cigarette sales globally. While Beijing has made commitments to curb smoking prevalence, it hasn't appeared to have materially impacted tobacco sales. In the case of China Tobacco, industry and government policy directly overlap. "China Tobacco has been exploiting this insider status and wielding its influence within the government to effectively block the adoption of tobacco control policies," he added. China Tobacco and its Hong Kong-based subsidiary China Tobacco International (HK) did not respond to an inquiry from CNBC.
Persons: Euromonitor, hasn't, Philip Morris, Gan Quan, Quan, STMA, Judith Mackay Organizations: Getty, China National Tobacco Corporation, China Tobacco, Retail, World Health Organization, State Tobacco Monopoly Administration, Philip Morris International, World, Tobacco Control, CNBC, Vital, Tobacco, Bath University, Asian Consultancy, China Tobacco International, HK, Global Locations: Shanghai, China, Euromonitor, Beijing, Hong Kong
Related Video The surprising effects loneliness has on your brain and bodyThere's a preconception that if you're single, you're either stuck at home alone or forced to do things on your own because you don't have anyone. I consider myself single at heart, which means I'm happiest and most fulfilled when I'm not in a relationship. As I've gotten older it's flipped and I'm happy to have five or six days a week to myself, although I'm happy to do more socializing than that. AdvertisementI don't have a yearly Thanksgiving or Christmas tradition now but I've celebrated them with friends, family, and on my own. I'm happy with whichever.
Persons: Bella DePaulo, , who's, we're, I'm, Doug Ellis, I've, DePaulo, Bella DePaulo I've, What's Organizations: Service, University of Virginia Locations: California, Summerland , California, Washington DC, New York, Toronto, Los Angeles, San Francisco, Seattle, Pennsylvania, Mexico
As a professional bra fitter, I've seen people make mistakes when buying the garment. AdvertisementAs a professional bra fitter for over a decade, I know many people struggle to find a perfect-fitting bra. Fortunately, my job is to guide clients as they discover which bras work best for their lifestyles. Thinking bras have to be uncomfortableDuring fittings, I always ask clients what they're looking for, and almost every person says, "A bra that's comfortable." Believing cute bras don't exist for bigger breastsI found a bra that's the perfect size for me, the Fetzyz from Ewa Michalak in brown.
Persons: I've, , who's, It's, Denise, Ewa Michalak, Sam Organizations: Service, Brands Locations: Ewa
Here are Tuesday's biggest calls on Wall Street: Loop initiates NXP Semiconductor as buy The firm said it's bullish on the semiconductor company. Morgan Stanley reiterates Walmart as overweight Morgan Stanley raised its price target on the stock to $89 per share from $82 ahead of earnings next week. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with the stock heading into a Trump administration. Morgan Stanley upgrades International Flavors to overweight from equal weight Morgan Stanley said in its upgrade of International Flavors that the fragrance and spice company is undervalued. Morgan Stanley upgrades Viking to overweight from equal weight Morgan Stanley said it sees an attractive entry point for the cruise company.
Persons: it's bullish, NXPI, Mizuho, it's, Morgan Stanley, WMT, Tesla, VIK, Redburn, Ross, Robinson, Wells, Bristol Myers, MoffettNathanson, D.A, Davidson, Snowflake Organizations: Semiconductor, NXP Semiconductor, Nvidia, Mizuho, TAM, 4Q, Citi, Deutsche Bank, Deutsche, " Bank of America, & Co, Bank of America, Apple Locations: eCommerce, VIK, OW, Wells Fargo, Bristol
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