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☆ Dollar calm as traders await clues on U.S. rate path
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: +4 min

In this photo illustration, a person seen holding a 100 US dollar bill in his hand. The dollar was broadly steady on Monday as investors awaited further clues to help chart the U.S. interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows signs of cooling. The Japanese yen was flat at 155.74 per dollar, with traders on alert for any signs of government intervention. That has prompted traders to trim the amount of easing expected this year to about 46 bps, with only a rate cut in November fully priced in. In other currencies, sterling touched a two-month high of $1.2711 ahead of the crucial UK inflation report due on Wednesday.

Persons: Brian Jacobsen, Powell, Jackson, Flash PMIs, Paul Mackel, BoE, Charu Chanana Organizations: Federal Reserve, Annex Wealth Management, ANZ, European Central Bank, Bank of England, HSBC, New Zealand, Reserve Bank of New, Saxo Locations: Tokyo, Germany, U.S, Reserve Bank of New Zealand

☆ A few NATO countries are lobbying the rest to be bolder when it comes to sending their own soldiers to Ukraine
▼ + stars: | 2024-05-20 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

Read previewSome NATO countries are encouraging their allies to be bolder when it comes to sending their own soldiers to Ukraine. Many NATO countries have aided Ukraine since Russia launched its full-scale invasion in February 2022, by providing weaponry and training of troops. However, some Western and Ukrainian officials believe that training Ukrainian soldiers on their own territory would be more efficient, the FT reported. Instructors from the Norwegian Home Guard train alongside Ukrainian soldiers in Norway in August 2023. Kallas said that even if NATO soldiers were attacked by Russia while in Ukraine, it wouldn't automatically trigger Article 5, NATO's collective defense clause.

Persons: —, Kaja Kallas, Jonathan Nackstrand, Kallas, It's, Volodymyr Zelenskyy, Kaja, Andrew Kravchenko Kallas, Emmanuel Macron, Macron, Antoine Gyori, Ingrida Šimonytė Organizations: Service, NATO, Business, Financial Times, Norwegian Home Guard, Getty, Ukraine, Estonia's, AP, Russia, Kremlin Locations: Ukraine, Russia, Estonia, Norway, AFP, Europe, Zhytomyr, France, Western, Lithuanian

☆ Cramer's Lightning Round: 'Stay away' from Canada Goose
▼ + stars: | 2024-05-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Abbott Laboratories' year-to-date stock performance. Stock Chart Icon Stock chart icon Nutanix's year-to-date stock performance. Stock Chart Icon Stock chart icon Dutch Bros' year-to-date stock performance. Stock Chart Icon Stock chart icon Canada Goose's year-to-date stock performance. Stock Chart Icon Stock chart icon MeiraGTx's year-to-date stock performance.

Persons: We're, doesn't, Let's, Jim Cramer's Organizations: Abbott Laboratories, Dutch Bros, Canada

☆ What to know about the mysterious new 'Bridgerton' character Lord Anderson, who was created just for the show
▼ + stars: | 2024-05-20 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Here's everything to know about Lord Anderson and his blossoming romance with another "Bridgerton" character. AdvertisementLord Marcus Anderson doesn't exist in Julia Quinn's 'Bridgerton' novelsDaniel Francis as Lord Anderson, Adjoa Andoh as Lady Danbury, and Ruth Gemmell as Lady Violet Bridgerton on season three, episode four of "Bridgerton." Like newcomer Lord Debling (Sam Phillips), Lord Anderson is an original character created specifically for the TV series. Part 1 teases a potential romance developing between Lord Anderson and Lady Violet BridgertonDaniel Francis as Lord Marcus Anderson and Ruth Gemmell as Lady Violet Bridgerton on season three of "Bridgerton." AdvertisementAdjoa Andoh as Lady Agatha Danbury and Daniel Francis as Lord Marcus Anderson on season three of "Bridgerton."

Persons: —, Colin Bridgerton, Penelope Featherington, Lord Marcus Anderson, Daniel Francis, Lady Agatha Danbury, Lord Anderson, Marcus Anderson doesn't, Julia Quinn's, Adjoa Andoh, Danbury, Ruth Gemmell, Violet Bridgerton, Liam Daniel, Lady Danbury, Lord Debling, Sam Phillips, he'd, Penelope, Lady Bridgerton, Charlotte, Violet, Agatha, Lady Violet Bridgerton Daniel Francis, Netflix Marcus, Hawkins, Marcus, who's, Violet wasn't, Marcus isn't, hasn't, they're, Francesca Bridgerton, Hannah Dodd, Edmund Bridgerton, she's Organizations: Service, Netflix, Business Locations: Adjoa, London, Mayfair

☆ Cramer says activist interest in Johnson Controls is 'a gimme,' but worries about a steel stock
▼ + stars: | 2024-05-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Johnson Controls : Activist investor Elliott has built a more than $1 billion stake in the HVAC control firm, Bloomberg News reported. "The stock is up 22% [year to date], but it has lagged Trane . "It was just a mistake [to have an underweight rating on the stock]," Cramer said, adding later: "From 1995 on, you have to understand the moment inventories are lean, you've got to buy. Steel stocks: Analysts at Jefferies initiated coverage of steel stocks, beginning with a buy rating on Cleveland-Cliffs and U.S. Steel and hold ratings on Nucor and Steel Dynamics . JPMorgan Chase : The banking giant slightly raised its full-year net interest income outlook to $91 billion from $90 billion.

Persons: Jim Cramer's, Elliott, Jim Cramer, Morgan Stanley, Cramer, you've, I've, Frank Del Rio, Harry Sommer, He'll Organizations: CNBC, Club, Johnson, Bloomberg News, Micron Technology, Jefferies, Cliffs, . Steel, Steel Dynamics, JPMorgan Chase, Cruise Locations: Cleveland

☆ One of the sexiest moments in the 'Bridgerton' season 3 carriage scene was actually improvised
▼ + stars: | 2024-05-20 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read previewWarning: spoilers ahead for "Bridgerton" season three, part one. "Bridgerton" star Luke Newton improvised a move described as one of season three's most "insane" moments. Since "Bridgerton" season three, part one, came out last Friday, fans have obsessed over the long-awaited sex scene between Colin Bridgerton (Newton) and Penelope Featherington in episode four. In the scene, Colin puts his hand underneath Penelope's dress as they make out in a carriage. We have Nicola Coughlan and Luke Newton reacting to THE CARRIAGE SCENE.

Persons: —, Luke Newton, Colin Bridgerton, Penelope Featherington, Colin, Colin's, Penelope, ikki, Lu, Li Organizations: Service, Business, ASK, IDEA Locations: "R

☆ 3 reasons why buying copper right now is the best trade one commodity expert has ever seen
▼ + stars: | 2024-05-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Copper "is the most compelling trade I have ever seen," Carlyle's Jeff Currie said on the Odd Lots podcast. He thinks the metal's massive mismatch in supply and demand could push its price up to $15,000 a ton. AdvertisementCopper supply issues are making the metal considerably more expensive, says commodities veteran Jeff Currie, who is very bullish on the opportunity. He later added: "I just quote many of our clients and other market participants say it's the highest conviction trade they've ever seen." Though not necessarily part of his acronym, artificial intelligence is also amplifying industry demand, Currie mentioned.

Persons: Carlyle's Jeff Currie, Currie, —, Jeff Currie, Carlyle, Currie —, Goldman Sachs, policy's, copper's, deglobalization Organizations: Industry, Service, Bloomberg, US, BHP Locations: China, Panama

☆ Here's the moment Nvidia became the AI king and what it must do this week to keep the throne
▼ + stars: | 2024-05-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

No one is laughing about Jayshree's company, either, as her white box solutions are beating Cisco Systems when it comes to the internet plumbing that connect Nvidia chips to the Titans. Last year at this time, Nvidia snuck into the U.S. trillion-dollar market cap club, with that May quarter. What does Nvidia really have to do then for an encore? Now we are getting into what Jensen does to beat expectations. Tall order, but Nvidia is a company that's beaten tall orders routinely we just didn't really know it until last May.

Persons: Jensen Huang, Jensen, Claude, let's, Blackwell, Andy Grove, Intel's, doesn't, — Jensen, Collette Kress, Mills, Eli Lilly, Jim Cramer's, Jim Cramer, Jim, Josh Edelson Organizations: Nvidia, Titans, Arista Networks, Microsoft, Meta, Cisco Systems, Google, Apple, Devices, Intel, Merck, Keytruda, Vision, AMD, Grove, Union Pacific, Club, GE, Jim Cramer's Charitable, CNBC, SAP Center, Afp, Getty Locations: San Jose , California

☆ How to buy a great bottle of wine—and which ones to 'stay completely away from,' according to a sommelier
▼ + stars: | 2024-05-19 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

We picked the wine store. Enlist helpYour best bet for getting a great bottle, Baker-Briggs says, is to have someone like him walking you through the aisles. And that's not a bad thing, provided you're looking at the right stuff. "No one making quality wine is putting those things on their label." However, that may mean the wine is mass produced and not the special bottle you're looking for.

Persons: Thatcher Baker, Briggs, Baker, crowdsource, " Baker, That's Organizations: Thatcher's Locations: France, Italy

☆ Inside 2 Texas cities where home prices are dropping, sellers are slashing asks, and buyers can get lowball offers accepted
▼ + stars: | 2024-05-19 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Read previewAfter years of sellers calling the shots in the real-estate market, the balance may finally be tipping towards homebuyers in some US cities. But with fewer prospective buyers in the market for homes, home prices are now declining in several cities across the US. Related storiesThe trend, has led many sellers to lower their prices — though prices still remain significantly higher than a decade ago. As homes linger on the market, sellers are reducing their prices to draw buyers, she added. "It's definitely a buyers' market right now," Boatright said.

Persons: —, Nicole Marburger, Austin, Marburger, homebuyers, Sellers, San Antonio —, Mercy, Boatright, I've Organizations: Service, homebuyers, Business, National Association of Realtors, Lone Star State, Austin, Austin and New Braunfels, Real, Hunters Locations: United States, San Antonio, New Braunfels, — New Braunfels, Austin, Austin and New, Texas, Braunfels, homebuyers

☆ Trump's hush money verdict hinges on a single piece of paper. See the most important evidence in the case.
▼ + stars: | 2024-05-19 | by ( Laura Italiano | ) www.businessinsider.com time to read: +13 min

Read previewWelcome to People's Exhibit 35, the single most important piece of evidence in the Donald Trump hush-money trial. People's 35 is the fulcrum for the entire case. What People's 35 does not have is Trump's fingerprints, a point that the defense is sure to press during closing arguments next week. AdvertisementProsecutors allege that Trump's payments to Cohen were falsified to conceal hush money paid to adult film star Stormy Daniels. "Yes," Cohen answered, as Trump watched from the defense table"And what, if anything, did Mr. Trump say at the time?"

Persons: —, Donald Trump, Trump, Michael Cohen, Cohen, Stormy Daniels, we'll, Allen Weisselberg, Weisselberg, Cohen —, Reince, Jon Elswick, Susan Hoffinger, Daniels, Hoffinger, Todd Blanche, — Cohen, Keith Davidson, Davidson, Karen McDougal, Playboy Bunny, Trump's, Melania Trump, peddled, Charlie Sheen, Hulk Hogan, Lindsay Lohan, Tila, RedFinch, That's Allen Weisselberg's, Allen, — it's, Trump —, Mary Altaffer Organizations: Service, Business, Attorney's, Trump Organization, Trump, Prosecutors, AP, Manhattan, BI Prosecutors, Essential, Consultants, Tahoe, National Enquirer, RedFinch Solutions, RedFinch, People's, frick Locations: Manhattan, Virginia

☆ My youngest asked if I was sad there were no more teenagers in our house. Honestly, I'm not.
▼ + stars: | 2024-05-17 | by ( Leonie Jarrett | ) www.businessinsider.com time to read: +3 min

A new phase of parenting has started — parenting adults, three of whom still live at home. I'm not sure I'm sadI was sad when the kids hit other milestones. I had children at home, children at kindergarten, children at primary school, children at secondary school, children at play dates, and children at activities. Even so, having four children grow into adults in your house is a lot. I want to enjoy them nowSo, am I sad I don't have teenagers in the house anymore?

Persons: We've, I'm Organizations: Service

☆ Former United Airlines CEO Oscar Munoz: Let's find the right leader for Boeing
▼ + stars: | 2024-05-17 | 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 EmailFormer United Airlines CEO Oscar Munoz: Let's find the right leader for BoeingFormer United Airlines CEO Oscar Munoz joins 'Squawk Box' to discuss Boeing as the company kicks off its annual shareholders meeting on Friday, why he believes a 'right leader' is crucial for the troubled airplane manufacturer, and more.

Persons: Oscar Munoz, Let's Organizations: Former United Airlines, Boeing Former United Airlines, Boeing

☆ BlackRock's COO said he gave his staff a memo written by ChatGPT and they couldn't tell AI wrote it
▼ + stars: | 2024-05-17 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewEmployees at the investment behemoth BlackRock couldn't tell that a strategy memo they were reading was actually written by ChatGPT, the company's COO said on Thursday. BlackRock COO Robert Goldstein recounted the anecdote during an interview with Fortune's Lee Clifford. Goldstein said he'd worked with his team to prepare a memo on the company's generative AI strategy for a board meeting that took place "several months ago." But instead of drafting it themselves, Goldstein decided that the team should get ChatGPT to write the memo instead. Last month, BlackRock CEO Larry Fink said in an earnings call that the company's investments in AI would bolster productivity.

Persons: —, BlackRock, ChatGPT, Robert Goldstein, Fortune's Lee Clifford, Goldstein, he'd, BlackRock didn't, Larry Fink, Fink, Kristalina Georgieva, Georgieva Organizations: Service, BlackRock, Finance, Business, BI, IMF, Swiss Institute of International Studies Locations: New York, BlackRock, Zurich

☆ 'Bridgerton' showrunner Jess Brownell breaks down Polin's future, the return of Kanthony, and 'more conflict to come' in part 2
▼ + stars: | 2024-05-17 | by ( Olivia Singh | ) www.businessinsider.com time to read: +13 min

Season three of "Bridgerton" centers on Polin, the ship name of Penelope Featherington (Nicola Coughlan) and Colin Bridgerton (Luke Newton). Nicola Coughlan as Penelope Featherington and Luke Newton as Colin Bridgerton on season three of "Bridgerton." AdvertisementClaudia Jessie as Eloise Bridgerton and Hannah Dodd as Francesca Bridgerton on season three, episode three of "Bridgerton." AdvertisementLuke Thompson as Benedict Bridgerton on season three, episode two of "Bridgerton." "Bridgerton" season three, part one is now streaming on Netflix.

Persons: Penelope Featherington, Nicola Coughlan, Colin Bridgerton, Luke Newton, Colin, Penelope, Whistledown —, Jess Brownell, Coughlan, Newton, Kate, Anthony Bridgerton, Laurence Cendrowicz, Luke Newton's, Erika Okvist, she's, Nicola, Liam Daniel, Penelope's, Mister Bridgerton, Bridgerton, Portia, Luke, There's, there's, Rhimes, they're, Eloise, Whistledown, Claudia Jessie, Eloise Bridgerton, Hannah Dodd, Francesca Bridgerton, Anthony, they'll, Jonathan Bailey, Simone Ashley, Cressida, She's, Benedict, Tilly Arnold, Luke Thompson, Benedict Bridgerton, Charlotte, Lady, Danbury's, Violet, Marcus Anderson, Marcus, she'll, we've, they've Organizations: Service, Netflix, Business, Lady Danbury Locations: Polin, That's, Danbury, Violet

☆ Two trades to generate some income from outperforming retailers Walmart and Amazon
▼ + stars: | 2024-05-17 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

As we think about the multiple premium afforded to online retailers such as Amazon, Walmart's global eCommerce sales rose 21%. Walmart shares, at 26 times earnings, are value-priced relative to Costco's 46 times earnings. Amazon trade Amazon (AMZN) is growing topline considerably faster. Amazon revenues overtook Costco in 2016, and 2025 could be the first year that Amazon revenues exceed Walmart's. If growth is what you're after buy Amazon.

Persons: eCommerce Organizations: Walmart, Costco, Sam's

☆ How Chevrolet thinks it can beat Tesla in the new EV market
▼ + stars: | 2024-05-17 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Read previewChevrolet is just getting started on its takeover of the electric car market, says Steve Majoros, the brand's chief marketing officer. It's not exactly a great time to put more electric vehicles on sale. But the tides finally are turning in Chevrolet's favor, Majoros said, as EV shoppers gravitate to more practical options and legacy brands. Recent studies on a new cohort of electric car shoppers show that they are more inclined to consider purchasing an electric car from a legacy brand. After years of a virtual monopoly on the EV market, shoppers are growing tired of Tesla and looking for fresher options.

Persons: —, Steve Majoros, Majoros, musing, Elon Musk, Elon Musk's Tesla, Tesla, We've Organizations: Service, longtime, Business, Silverado, Tesla, Chevrolet, Elon, EV, Detroit, GM Locations: Chevrolet's

☆ When we adopted our daughter, we chose her name with her birth mother
▼ + stars: | 2024-05-17 | by ( Sarah Buttenwieser | ) www.businessinsider.com time to read: +4 min

We chose the name with the birth motherMaybe a month before this baby was due, our shared social worker gathered us and Caroline, the intended birth mother, who was pregnant. Our social worker asked, "What are you thinking about the name?" Caroline shared her mother's maiden name with us. "That's beautiful," our social worker declared. With adoption, the birth certificate issued just after birth isn't the final one, though.

Persons: —, I'd, Caroline, Jasmine, Saskia, Kezia, we'd, Hosea, Saskia Raine Organizations: Service, Business Locations: Caroline

☆ From discovery to purchase: here's how to activate the full funnel on TikTok
▼ + stars: | 2024-05-17 | by ( Sponsor Post | Sponsored Tiktok For Business | ) www.businessinsider.com time to read: +6 min

In fact, 65% of TikTok users are likely to buy a product that they previously saw on TikTok in the future,[1] and 61% of users have made a purchase either directly on TikTok or online after seeing an ad on TikTok. It's been a pleasure to work with the team at TikTok to develop our content and targeting strategy. The campaign's final phase focused on conversions and utilized TikTok's newest conversion product, Video Shopping Ads. To read more about the impact that short-form video platforms like TikTok have across the marketing funnel, dive into this report from research organization WARC. Sources:1 TikTok Marketing Science EUI TikTok for Full Funnel Research 2023 conducted by Material2 TikTok Marketing Science Global Shopping Ad Products Study 2022 conducted by Material February 2022 (n=17,937).

Persons: we've, It's, Tom Donegan, Sephora, PureGym, Brand, ghd, There's Organizations: PureGym, ghd, Brand, Insider Studios Locations: TikTok, Spain, ghd France, France, creatives

☆ King Charles' first official portrait is dividing the art world
▼ + stars: | 2024-05-16 | by ( Maria Noyen | ) www.businessinsider.com time to read: +6 min

Read previewIf King Charles had high hopes for how the world would react to his first official portrait, they might be dashed by now. King Charles and Jonathan Yeo met four times between 2021 and 2023 for the painting. AdvertisementIts red color is particularly evocative, Khan added. Jonathan Yeo was a 'safe choice' for a royal portrait, one critic saidKhan said he's fairly confident that drawing links to the royal family's murky past with colonialism wasn't on Yeo's agenda. AdvertisementKhan, the London-based critic, admitted that he likes at least one element of the royal portrait.

Persons: —, King Charles, Jonathan Yeo, AARON CHOWN, Queen Camilla, Yeo, Tabish Khan, Khan, he's, it's, Stanley Kubrick's, wasn't, Jonathan, Charles, There's, Richard Morris, Morris, Henry VIII, Philip Mould, HENRY NICHOLLS Organizations: Service, Business, Getty, Rhode Island School of Design Locations: British, Buckingham, Washington, London

☆ A surging number of crypto owners are trying to recover forgotten wallet passwords so they can cash in after huge token rallies
▼ + stars: | 2024-05-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Bitcoin's resurgence has triggered a wave of wallet retrieval attempts, Reuters reported. Firms that specialize in this have noted a surge in retrieval requests this year. By one estimate, around 20% of circulating bitcoin could be stuck in locked wallets. AdvertisementFor wallet retrieval firms, the spike in interest is profitable. Upon successful retrieval, both ReWallet and WRS charge a fee of 20% of the wallet's contents, Reuters said.

Persons: —, ReWallet, WRS, it's, Bernstein Organizations: Reuters, Firms, Service, ReWallet, Chartered Locations: Germany

☆ The outlook on gold and gold stocks into the summer is looking strong, according to the charts
▼ + stars: | 2024-05-16 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Let's take a look at how gold stocks have fared and see how recent price action suggests the uptrend is nowhere near completed. While gold stocks tend to be very much tied to the performance of the underlying commodity, there will often be periods of dislocation, where gold and gold miners appear to be more disconnected. This appears to have occurred in the first quarter, when physical gold was fairly flat, but gold miners were sold off into a February low. The chart of Royal Gold (RGLD) shows that the early breakouts are beginning to occur. Given the strength in the charts of physical gold and gold miners, this group may serve as a compelling opportunity going into the summer months.

Persons: Let's, David Keller Organizations: Nasdaq, Gold Miners, CMT

AdvertisementWarning: Spoilers for the first four episodes of "Bridgerton" season 3 and the book "Romancing Mr. Bridgerton" ahead. AdvertisementHannah Dodd as Francesca Bridgerton on season three, episode two of "Bridgerton." Season 3 should've built on 'Queen Charlotte' moreQueen Charlotte and Lady Danbury are underutilized so far in season three. Cressida's story is one of the best parts of the season so farCressida Cowper is given more depth in "Bridgerton" this season. "Bridgerton" season three, part two premieres June 16 on Netflix.

Persons: —, Caralynn Matassa, Palmer Haasch, Adekaiyero —, Bridgerton, Penelope, Colin, schtick, Luke Newton doesn't, Luke, Caralynn, Jonathan Bailey, Palmer, that's, I'm, Eloise, Cressida, Debling, Lord Debling doesn't, Polin, they've, he's, Liam Daniel, Netflix Palmer, — they're, Kanthony, Anthony, Kate, Anthony didn't, Daphne, Simon, Benedict whoring, Benedict, Lady Tilley Arnold, Lady Tilley, Francesca, John, Kilmartin, Hannah Dodd, Francesca Bridgerton, Fran, Hannah, Violet, Claudia Jessie, I've, Charlotte, Lady, Laurence Cendrowicz, Lady Danbury, Queen Charlotte, Golda Rosheuvel, they'd, Danbury, Lord Marcus, Lady Danbury haven't, Lady Featherington, Lord Debling, Featherington, Polly Walker, it's, Will Mondrich, Mondrich, Jean Page's, Alice, Will, doesn't, Cressida Cowper, Lady Whistledown, we've Organizations: Service, Business, —, Netflix Locations: Polin's, Lady Danbury, Queen, Lady, India

☆ The biggest risk corporations see in gen AI usage isn't hallucinations
▼ + stars: | 2024-05-16 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

Meanwhile, 45% of organizations encountered unintended data exposure when implementing AI solutions, according to AvePoint's 2024 AI and Information Management Report. "It's often what we call dark data," Simberkoff said. So how do leaders improve data permissions and protections in light of or, ideally, before AI implementation? "It's making your end users aware of the information you're responsible for. "When you're using AI, it's really important to make sure that you're checking it and that you're using it for its purpose."

Persons: Dana Simberkoff, Simberkoff, Arvind Jain, Jain, Jason Hardy, Hardy, it's, they're Organizations: Microsoft, CNBC, Hitachi Vantara

☆ Amazon's cloud business needs a 'bulldozer.' New AWS CEO Matt Garman fits the bill.
▼ + stars: | 2024-05-15 | by ( Eugene Kim | ) www.businessinsider.com time to read: +8 min

Read previewAt an October all-hands meeting, an Amazon Web Services employee asked executive Matt Garman about the company's difficult work environment. The people who spoke with BI about Garman asked not to be identified so they could freely discuss his abilities. One AWS employee pointed out to BI that Amazon Q was months behind the launch of Microsoft's AI Copilots. Associated PressOutside of AI, AWS has struggled in its core startups and small business segments, failing short of sales targets last year, as BI previously reported. Those customers are particularly important for AWS because the company built its early business by embracing that market.

Persons: —, Matt Garman, Garman, It's, Adam Selipsky, Selipsky, Andy Jassy, Matt, Amazon's, Patrick Neighorn, He'd, We're, Neighorn, it's, Claude, AWS's, let's Organizations: Service, Amazon Web Services, AWS, Business Insider, Employees, Business, Amazon, Stanford, BI, Mizuho Securities, Q, Cohere, Mistral, Google, Associated Locations: Anthropic

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