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☆ Welcome to the Masters, a staple of the billionaire's social calendar
▼ + stars: | 2024-04-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're doing a deep dive into the golf tournament at one of the most exclusive clubs in the world . Mike Ehrmann/Getty ImagesHarvard University alumni, Goldman Sachs partners, Birkin bag owners — those exclusive groups are nothing compared to an Augusta National Golf Course membership. The Masters Tournament, the first of four men's major golf tournaments, kicks off today , write Business Insider's Madeline Berg and Taylor Rains. Since it's almost impossible to check out Augusta National otherwise, the Masters has become a staple of the billionaire's social calendar. Augusta National runs a lottery system for them.

Persons: —, Mike Ehrmann, Goldman Sachs, Birkin, Madeline Berg, Taylor, it's, Cork Gaines, aren't, Joe Ciolli, didn't, Chelsea Jia Feng, Bill Smead, Brad Porter, Elon Musk's, Y, Paul Graham, Alyssa Powell, Larry Ellison, David Ellison, Larry Ellison's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Getty Images Harvard University, Augusta, Waste, bros, Augusta National, Renaissance Technologies, Sigma, Robotics, Amazon Robotics, xAI, Paramount, Oracle, Google, JPMorgan, SpaceX Locations: Augusta, swag, Chelsea, D.E, Shaw's Valence, New York, London

☆ Stocks making the biggest moves midday: CarMax, Nike, Paramount, Fastenal and more
▼ + stars: | 2024-04-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

CarMax — The used vehicle seller tumbled 13% after reporting fourth-quarter earnings of 32 cents per share on revenue of $5.63 billion. Analysts had expected earnings per share of 49 cents on revenue of $5.80 billion, according to LSEG, formerly known as Refinitiv. Nike — The athletic apparel maker added 3.2% after Bank of America upgraded Nike to buy from neutral. The deal values Alpine shares at $65, roughly 67% above its close on Tuesday, the day before reports that Alpine was considering its options. Atlassian — Shares rose 3.2% after Barclays upgraded the software maker to overweight from equal weight and raised its price target.

Persons: CNBC's David Faber, David Ellison, Faber, Lisa Kailai Han, Sarah Min, Yun Li, Samantha Subin, Michelle Fox, Alex Harring Organizations: Nike, Bank of America, Paramount, Skydance Media, Sciences, Vertex Pharmaceuticals, U.S . Space Force Space Systems Command, Constellation, Constellation Brands, LSEG, Barclays

☆ Will David Ellison's dad help him save Paramount?
▼ + stars: | 2024-04-10 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Producer David Ellison is trying to take control of Paramount, the troubled media company. Ellison's father, Oracle founder Larry Ellison, is expected to help finance the proposed deal. AdvertisementDavid Ellison is a Hollywood producer who looks increasingly likely to become the new owner of Paramount. David Ellison is also the son of Larry Ellison, who founded business software behemoth Oracle Corp. and is the fifth-richest man in the world. This story is available exclusively to Business Insider subscribers.

Persons: David Ellison, Ellison's, Larry Ellison, —, Ellison, Shari Redstone Organizations: Paramount, Oracle, Service, behemoth Oracle Corp, Business Locations: Hollywood

☆ Oracle's Larry Ellison thinks every government will want to build a 'sovereign' AI cloud in the future
▼ + stars: | 2024-04-07 | by ( Michelle Castillo | ) www.cnbc.com time to read: +8 min

Oracle, which works with Nvidia and Microsoft on generative AI capabilities, has already helped use cloud tech to cut red tape for countries. For the first time, we're beginning to win business for countries," Ellison said. Countries including Serbia are standardizing on Oracle Cloud Infrastructure and using generative AI for processes like automating health care. Cloud and generative AI applications allowing countries to give rural areas internet access could increase educational opportunities and create more economic value. "There's the 'Black Mirror' bad side of it: Big Brother, data wars, AI warfare and all that stuff," Garder said.

Persons: Raimo Lenschow, Ellison, Oracle's Larry Ellison, it's, Elon Musk's, you've, we've, Dan Gardner, Tapan Parikh, Parikh, Garder, Gardner, Simone Bohnenberger, It's, Bohnenberger, there's Organizations: Oracle, Barclays, EU, Nvidia, Microsoft, European, Amazon, Department of Defense, Google, Infrastructure, Oracle Cloud Infrastructure, Cornell University, U.S Locations: Serbia, Albania, European Union, Kenya, Rwanda, U.S, China, TikTok

☆ Skydance's unique offer for Paramount Global would give it a large stake while keeping the company public
▼ + stars: | 2024-04-05 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

The question for Paramount Global shareholders might be: Is it better than no deal at all? Paramount Global would continue to trade publicly. Spokespeople for Paramount Global and Skydance declined to comment. He would also potentially provide Paramount Global with access to artificial intelligence software and other data technology from Oracle. Paramount Global has a market capitalization of about $7.6 billion and had $14.6 billion in long-term debt at the end of 2023.

Persons: Skydance, Spokespeople, hasn't, David Ellison, Larry Ellison, Forrest Gump, it's Organizations: National, Paramount Pictures, Paramount Global, Paramount, RedBird Capital Partners, KKR, Oracle, Oracle . Paramount Global, CBS, Comedy Central, Nickelodeon, Viacom

☆ Paramount stock slumps on reports that Skydance merger would require company to raise new equity
▼ + stars: | 2024-04-04 | by ( Micah Washington | ) www.cnbc.com time to read: +1 min

Paramount Global 's stock slumped 8% on Thursday after CNBC's David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison's Skydance Media, according to sources familiar with the deal. This deal comes as media mogul Shari Redstone, the controlling shareholder of Paramount, is said to be in exclusive talks with Ellison on selling her stake to him, according to Bloomberg. Faber said Ellison and his partners would likely step up to provide a good amount of that equity, but it would be dilutive. Redstone is looking to sell Paramount, as the company has been in talks with Warner Bros Discovery on its acquisition. The MTV and CBS parent company has a market capitalization of nearly $10 billion and about $13 billion of net debt.

Persons: CNBC's David Faber, David Ellison's Skydance, Shari Redstone, Ellison, Faber Organizations: Paramount, David Ellison's Skydance Media, Bloomberg, Wall Street Journal, Apollo Global Management, Redstone, Warner Bros Discovery, MTV, CBS

Sam Bankman-Fried has been sentenced to 25 years in prison. US District Judge Lewis Kaplan sentenced Bankman-Fried Thursday to 25 years in prison. In his sentencing, Kaplan described Bankman-Fried as ambitious and deceitful, willing to gamble with his customers' livelihoods. He knew it was criminal," Kaplan said as Bankman-Fried slumped in his chair. AdvertisementNow that Bankman-Fried's sentencing is over, Kaplan, the judge, will likely swiftly order sentencing hearings for Ellison, Wang, and Singh.

Persons: Sam Bankman, Fried, —, Lewis Kaplan, Bankman, Kaplan, Prosecutors, Bernie Madoff, Marc Mukasey, Mukasey, perjured, it's, FTX, Caroline Ellison, Gary Wang, Nishad Singh —, Ellison, Wang, Singh, Ryan Salame, I've, didn't, John J, Ray III, Ray, Joseph Bankman, Barbara Fried Organizations: Service, Justice Department, FTX, Alameda Research, Prosecutors, Detention, Federal Bureau of Prisons Locations: Manhattan, FTX, Bahamas, Washington , DC, Brooklyn's, San Francisco

☆ How Sam Bankman-Fried's ex-girlfriend and early recruit helped put the FTX founder behind bars for 25 years
▼ + stars: | 2024-03-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +10 min

Yuki Iwamura | Bloomberg | Getty ImagesIn sentencing FTX founder Sam Bankman-Fried to a 25-year prison sentence on Thursday, Judge Lewis Kaplan cited testimony from Caroline Ellison, an ex-girlfriend of the defendant and early recruit into his crypto enterprise. In a Google document from February 2022 shared with the Times, Ellison wrote, "I have been feeling pretty unhappy and overwhelmed with my job. The government presented a series of Signal exchanges involving Bankman-Fried, Ellison, Wang and other top execs. Zoom In Icon Arrows pointing outwards Prosecutors relied heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Prosecutors relied heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried.

Persons: Caroline Ellison, Yuki Iwamura, FTX, Sam Bankman, Judge Lewis Kaplan, Kaplan, Ellison, FTX spiraled, Damian Williams, she's, Fried, District Judge Lewis Kaplan, Jane Rosenberg, SBF Ellison, She'd, Michael Lewis, Caroline, Sam, Lewis, Nishad Singh, Gary Wang, Attorney Thane Rehn, Bankman, Binance, Sam Trabucco, Danielle Sassoon, Wang, SDNY Ellison, Um Organizations: Alameda Research, Bloomberg, Getty, Department of Justice, Manhattan U.S, U.S, District, Federal Court, Reuters, Jane, Stanford, Alameda, The New York Times, Times, Attorney, Google, Alameda's Locations: New York, Manhattan, FTX, New York City, Fried, California, Hong Kong, Bahamas, Alameda

watch nowFTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for the massive fraud and conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research. FTX founder Sam Bankman-Fried leaves the U.S. courthouse in New York City on July 26, 2023. Instead, "He's an awkward math nerd" with a "tireless work ethic," said the lawyer, who also compared the FTX founder to "a beautiful puzzle." In this courtroom sketch, FTX founder Sam Bankman-Fried attends his sentencing hearing at federal court in New York City on March 28, 2024. Barbara Fried and Allan Joseph Bankman, parents of FTX co-founder Sam Bankman-Fried, arrive at court in New York on March 28, 2024.

Persons: Sam Bankman, Fried, Lewis Kaplan, Kaplan, FTX, District Judge Lewis Kaplan, Jane Rosenberg, Bankman, convicting, Prosecutors, Amr Alfiky, It's, Marc Mukasey, Torrey Young, Nicolas Roos, scoffed, Roos, Mukasey, Sam, Sunil Kavuri, Damian Williams, Samuel Bankman, " Williams, General Merrick Garland, Joseph Bankman, Barbara Fried, Allan Joseph Bankman, Yuki Iwamura, Caroline Ellison, Nishad Singh, Gary Wang Organizations: Alameda Research, ., U.S, District, Reuters, Republicans, Manhattan U.S, Stanford Law, Bloomberg, Getty, Bankman Locations: Manhattan, New York City, U.S, FTX, Kavuri, New York

☆ Sam Bankman-Fried FTX fraud victim tells judge: 'My whole life has been destroyed'
▼ + stars: | 2024-03-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +7 min

NEW YORK, US - JANUARY 03: Sam Bankman-Fried leaves the court in New York, on January 03, 2023. The victim, who wrote that 30 years worth of savings had been deposited into FTX three months before the exchange collapsed, is part of a last-minute push by prosecutors to sway Judge Kaplan ahead of the sentencing. For months, Judge Kaplan has been weighing the appropriate punishment for Bankman-Fried's crimes related to the implosion of his $32 billion crypto empire. Damaging testimonyBankman-Fried was convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against lenders to sister hedge fund Alameda Research, as well as conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering. The defense team has argued that Bankman-Fried's sentence should reflect the potential that FTX customers will be paid back in part or in full.

Persons: Sam Bankman, Fried, Fatih Aktas, District Judge Lewis Kaplan, FTX, Kaplan, Yesha Yadav, Dean, Judge Kaplan, David Weinstein, Jones Walker, Weinstein, Mark Bini, Bini, Reed, Caroline Ellison, Yadav, Neama Rahmani, Tre Lovell, isn't, Lovell, he's, it's Organizations: Anadolu Agency, Getty, Department of Justice, U.S, District, Prosecutors, Vanderbilt University, CNBC, Alameda Research, Bloomberg, Southern, of, Los Locations: New York, Manhattan, of New York, SBF, Los Angeles

☆ 4 takeaways from Sam Bankman-Fried’s sentencing
▼ + stars: | 2024-03-28 | by ( Allison Morrow | Lauren Del Valle | ) edition.cnn.com time to read: +3 min

25 years … with caveatsBankman-Fried’s 25-year sentence is about half of the 40 to 50 years prosecutors had sought. Judge Kaplan said he weighed a number of factors, including the brazenness of the crimes and Bankman-Fried’s potential to commit crimes in the future. “It haunts me every day.”Judge Kaplan appeared unmoved by parts of Bankman-Fried’s apology about customers being hurt. FTX victims are waitingJudge Kaplan roundly rejected Bankman-Fried’s argument that there was no loss to former customers of FTX because the bankruptcy estate indicated those victims are poised to recoup most of their funds. To say that FTX customers and creditors will be paid in full “is misleading, it is logically flawed, it is speculative,” Kaplan said.

Persons: Sam Bankman, Fried, Judge Lewis Kaplan, Judge Kaplan, ” Kaplan, ” Mitchell Epner, Gary Wang, Caroline Ellison, ”, ” Judge Kaplan, Kaplan, “, ” Epner, FTX, John J, Ray III, Ray Organizations: New, New York CNN, Prisons, CNN, Enron Locations: New York, San Francisco, Bankman, ”

☆ Sam Bankman-Fried faces sentencing this week. Here’s what to expect
▼ + stars: | 2024-03-27 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Sentencing is a much more fluid process, with both sides allowed to make sweeping arguments to try to make their case to the judge. But instead, his life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money,” prosecutors wrote in a memo. In a letter to the court, Marc Mukasey, the lawyer Bankman-Fried retained for sentencing, called the government’s memo “disturbing” and accused the government of trying to “break” Bankman-Fried. His behavior may come back to haunt Bankman-Fried in sentencing, Fischer said. But legal experts say that even if 100% of FTX customers get their money back, it’s not necessarily going to sway the judge to go easy on Bankman-Fried.

Persons: Sam Bankman, Judge Lewis Kaplan, ”, Kaplan, Howard Fischer, Moses Singer, Prosecutors, Fried, Marc Mukasey, Bankman, ” Mukasey, “, Sam, ’, Caroline Ellison, Fischer, ” Ellison, Bernie Madoff, it’s, ’ ”, John Ray, ” Ray Organizations: New, New York CNN, Southern, of, Prosecutors, Bankman, MIT, Detention, ” Prosecutors, Alameda Research Locations: New York, Manhattan, of New York, Palo Alto , California, Brooklyn, Bankman, FTX, Alameda

☆ FTX estate selling majority stake in AI startup Anthropic for $884 million, with bulk going to UAE
▼ + stars: | 2024-03-25 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million, according to a filing submitted late Friday to a Delaware court. That group is purchasing nearly $500 million worth of Anthropic shares. Multiple sovereign wealth funds were reportedly clamoring for a piece of FTX's Anthropic stake. Jane Street's head of quantitative research, Craig Falls, has also proposed to personally buy around $20 million worth of shares. Should it be approved, the sale would collectively account for nearly two-thirds of FTX's shares in Anthropic.

Persons: Jane Street, Sam Bankman, Fried, Caroline Ellison, Jane Street's, Craig, John Dorsey Organizations: Investment Co, United, United Arab Emirates, CNBC, Alameda Research, Venture, HOF Capital, Ford Foundation, Fidelity Management Locations: Delaware, United Arab, Saudi Arabia, UAE, Craig Falls, Anthropic

☆ Nvidia has a parade of partners, but these two stocks are my favorite beneficiaries
▼ + stars: | 2024-03-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +23 min

That's what Nvidia needed semiconductor design firm Synopsys to do to make this next generation of chips. Right now, Nvidia has had not one, but two different breakthroughs: Accelerated computing at a ridiculously fast speed and generative artificial intelligence. I think Jensen regards Dell as a crucial partner when it comes to installing Nvidia's systems anywhere. Do I think Nvidia would like to do more business with Apple? I think Nvidia would like to do more business with everyone, including alleged opponent Intel .

Persons: Abraham Lincoln, David Herbert Donald, Jensen, It's, Jensen Huang, Lincoln, Leonardo da Vinci, da Vinci, he's, Blackwell, Grace Hooper Superchip, –, Moby Dick –, that's, they've, Adam Selipsky, Jensen laughingly, Claude, Anthropic, Dell, Michael Dell, Jensen's, it's, dink, I'm, Johnson, J, Abbott, Reckitt Benckiser, we've, CrowdStrike, ServiceNow, Bill McDermott, Tesla, Elon Musk, Lora Kolodny, That's, Frank Slootman, Ansys, Synopsys, isn't, Sundar Pichai, Satya Nadella, Larry Ellison, Nvidia's Blackwell, Mark Zuckerberg, Jim, Tim Cook, Cook, Apple, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Lincoln, GTC, Nvidia, GTC –, CNBC, Amazon, Microsoft, Google, Dell Technologies, Club, Dell, Siemens, Rockwell Automation, Cadence Design Systems, Nvidia's, Johnson, Abbott Laboratories, GE Healthcare, cybersecurity, Palo Alto, Palo, Snowflake, AMD, Autodesk, Cadence, Computer, Oracle, Apple, Justice Department, Intel, Vision, Jim Cramer's Charitable, SAP Center, AFP, Getty Locations: U.S, Silicon Valley, Lincoln, Here's, Palo Alto, Pittsburgh, Switzerland, San Jose , California

☆ FTX's victims may get all their money back. The judge sentencing Sam Bankman-Fried might not care.
▼ + stars: | 2024-03-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Sam Bankman-Fried bilked FTX customers out of over $8 billion, according to prosecutors. AdvertisementAccording to federal prosecutors, Sam Bankman-Fried orchestrated one of the biggest criminal frauds in the history of the world. According to his lawyers, FTX's customers might get all their money back. According to prosecutors, Bankman-Fried was responsible for more than $11 billion in fraud overall between FTX customers and investors in FTX and Alameda Research. The recovered calculations, too, distort how much money customers are actually getting back.

Persons: Sam Bankman, —, Fried, FTX, John J, Ray III, Ray, Lewis Kaplan, Kaplan, Sarah Krissoff, Cozen O'Connor, Krissoff, it's, Sarah Silbiger, Bankman, bitcoin, Rachel Maimin, Lowenstein Sandler, Barbara Fried, Mark Cohen, Jane Rosenberg Bankman, Maiman, Maimin, Caroline Ellison Organizations: Service, FTX, Bankman, Alameda Research, US, United States, Second Circuit, U.S . House Financial, Capitol, Reuters, K5 Global, Prosecutors, Wall, REUTERS, Business, of Prisons, Alemda Research Locations: FTX, Manhattan, New Jersey, New York, Washington , U.S

☆ Welcome to Nvidia's super chip era
▼ + stars: | 2024-03-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Jensen Huang declared the start of the "super-chip" era on Monday. The Nvidia CEO ushered in a new phase for his sector by unveiling a new breed of chips to power AI. And promises to power AI models on the trillion-parameter scale instead of the multi-billion-parameter scale of models like Meta's Llama 2. — Pedro Domingos (@pmddomingos) March 18, 2024It indicates just how much more buzz Nvidia hopes to generate in its "super-chip" era. Huang is clear though that the "super-chip" era is here.

Persons: Jensen Huang, Mark Zuckerberg, Sam Altman, —, George Lucas, Trevor Noah, Kendrick Lamar, ChatGPT, Huang, Lisa Su, It's, Blackwell, Michael Dell, Satya Nadella, Elon Musk, Larry Ellison, Andy Jassy, Altman, Zuckerberg, Pedro Domingos, Jensen, — Pedro Domingos Organizations: Nvidia, Service, Woodstock, ChatGPT, AMD, Big Tech, University of Washington Locations: San Jose, Santa Clara, Silicon Valley, @pmddomingos

☆ Talk of recession is dying down in corporate America
▼ + stars: | 2024-03-17 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

Ever since the Federal Rserve began raising interest rates in early 2022, corporations and investors have braced for how a recession might play out. The word recession came up on the fourth-quarter earnings calls of 47 companies in the S & P 500, according to market data platform FactSet. Almost half of the more than two dozen finance chiefs surveyed by CNBC said they expect the Federal Reserve to control inflation without a recession, a scenario known as a soft landing. Looking ahead to 2024, CFO Emma Giamartino said the Dallas-based company's full-year guidance is "contingent" on the Fed cutting short-term interest rates and the economy skirting a recession. "All indications are now that we're going to have more of a soft landing than a recession."

Persons: John Wall, Emma Giamartino, Giamartino, Richard Galanti, Galanti, Joseph Margolis, it's, Margolis, J, Thomas Hill, Marvin Ellison, Ellison Organizations: Federal, U.S, Cadence Design Systems, CNBC, Federal Reserve, Costco, Kirkland Signature, Hotels, Vulcan Locations: Dallas, Salt Lake City, North Carolina

☆ How Trump Is Scrambling to Raise Cash
▼ + stars: | 2024-03-16 | by ( Shane Goldmacher | Maggie Haberman | ) www.nytimes.com time to read: +1 min

But advisers to Mr. Trump’s campaign and his super PACs hope the charm offensive will eventually pay political and financial dividends. One of the most pressing issues facing Mr. Trump is the financial disparity he and allied groups now face with Mr. Biden and the Democratic Party. The Trump operation did not release a full total, but his campaign account and the Republican National Committee had around $40 million. Mr. Trump enters the general election ahead of Mr. Biden in public polls. But Mr. Biden has taken full advantage of one of the benefits of incumbency, both socking away cash and building out a political operation earlier than his challenger.

Persons: Donald J, Trump, Biden, Larry Ellison, Pepe Fanjul Organizations: Republican, Oracle, Democratic Party, Democrats, Republican National Committee, Mr Locations: schmoozing

☆ Larry Ellison and Elon Musk teaming up to bring AI to farming
▼ + stars: | 2024-03-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Larry Ellison announced the venture with Elon Musk on Oracle's earnings call on Monday. The tool will help farms plan, predict, and increase their agricultural output, Ellison said. AdvertisementElon Musk's SpaceX is teaming up with Larry Ellison's Oracle to help farms plan and predict their agricultural output using an AI tool. Larry Ellison said on Oracle's earnings call on Monday that it's collaborating with Musk and SpaceX to create the AI-powered mapping application for governments. "We're doing that again in concert with Elon Musk and SpaceX to do this kind of mapping," Ellison said, according to a transcript provided by Seeking Alpha.

Persons: Larry Ellison, Elon Musk, Ellison, —, Elon, Larry Ellison's Oracle, Musk, Tesla, SpaceX, John Deere, John Deere's, Jahmy Hindman, Oracle didn't Organizations: SpaceX, Oracle, Elon, Service, Alpha, Tesla, Business

☆ This winter was weirdly warm — and rough for retailers
▼ + stars: | 2024-03-13 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

The US just experienced the warmest "meteorological winter" on record, NOAA said last week. It also led to unpredictable consumer demand, causing headaches for retailers and other businesses. For Dick's, warmer weather means that sales skew toward lightweight fleeces rather than pricier down parkas, she said. A retailer in South Dakota surveyed by the Federal Reserve said that even though the warmer weather led to higher foot traffic, sales of winter gear and equipment fell. AdvertisementFrom major complications to minor inconveniences, it's looking like this winter could be a preview of what's to come thanks to the climate crisis.

Persons: Lauren Hobart, Hobart's, didn't, Hal Lawton, Lawton isn't, Raymond James, Lowe's, Marvin Ellison, Bill Boltz, Wisconsin's Organizations: NOAA, Service, National Oceanographic, Atmospheric Administration, Sporting, Tractor, Co, Raymond, Raymond James Institutional Investors, Federal Reserve, Climate Central Locations: NOAA's, East, Midwest, South Dakota

☆ Larry Ellison is $15 billion richer after Oracle's best day on stock market since 2021
▼ + stars: | 2024-03-12 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

Oracle founder Larry Ellison notched a $15 billion gain on Tuesday after shares of his software company had their best day in over two years and closed at a record. Oracle shares soared 12% to close at $127.54, after the software vendor reported fiscal third-quarter earnings that beat analysts' expectations. "We are building large numbers of data centers and some of those data centers are smallish, but some of those data centers are the largest AI data centers in the world." Over the past year, Oracle shares have now spiked 52%, lifting Ellison's worth by about $50 billion. Unlike Amazon's Jeff Bezos, Larry Ellison has been hanging onto all his stock rather than selling off chunks.

Persons: Larry Ellison, Ellison, Mark Zuckerberg, Warren Buffett, Jeff Bezos, FactSet, hasn't, Bezos Organizations: Oracle Inc, Oracle, Forbes, Boeing Locations: Hamilton , Bermuda, United States

☆ Oracle shares soar 13% on better-than-expected quarterly earnings
▼ + stars: | 2024-03-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. Oracle reported quarterly earnings on Monday that exceeded Wall Street's expectations. Analysts were expecting $1.64 in adjusted earnings per share, according to LSEG. The company's cloud revenue, which is reported as part of the cloud services unit, rose 25% year-over-year to $5.1 billion, Oracle said. Prior to Monday's report, Oracle shares were up 8.7% for the year, slightly outperforming the S&P 500.

Persons: Larry Ellison, Oracle, Safra Catz, Catz, Ellison Organizations: Oracle Corp, Oracle, Revenue, Microsoft Locations: San Francisco, LSEG

☆ Salesforce's behind-the-scenes co-founder is tackling Slack as software company turns 25
▼ + stars: | 2024-03-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +16 min

"The V2MOM had nothing about generative AI," Parker Harris, who co-founded the company with Benioff, told CNBC in an interview. Harris, a Salesforce board member and now the technology chief of Slack, which Salesforce bought in 2021, said he'd rather avoid the limelight. Without the Data Cloud, Harris told CNBC, "I think we would have been in a much worse place." He told Benioff he'd redo the plan, the person said. They'll be talking more frequently, as Harris said they're about to kick off weekly meetings on Slack and Salesforce integrations.

Persons: Parker Harris, Marlena Sloss, Marc Benioff, ChatGPT, Benioff, Salesforce, Harris, Slack, he'd, Sam Altman, Noah Berger, Robin, Batman, Frank Dominguez, Dave Moellenhoff, Bobby Yazdani, Larry Ellison, Yazdani, Dominguez, Brett Queener, who's, Queener, Salesforce.com, He's, Ruth Asawa, Josef Albers, Miles Davis, Donald Trump, Jason Alden, Marc, Kara Swisher, David Paul Morris, Adam Selipsky, it's, Stewart Butterfield, Lidiane Jones, Cal Henderson, Benioff's, Parker, Noah Weiss, Denise Dresser, Weiss, Parker Harris emoji, They'll, Salesforce integrations, Stefan Slowinski Organizations: Salesforce, Bloomberg, Getty, CNBC, Google, Microsoft, Middlebury College, Apple, San, San Francisco Bay Area, Metropolis Software, Software, Saba Software, Oracle, San Francisco's Telegraph, YouTube, Facebook, Economic, Salesforce.com Inc, Web, VMware, Employees Locations: San Francisco, Silicon Valley, English, Vermont, North Carolina, San Francisco Bay, Moellenhoff, Kincaid's, Burlingame, San Francisco's, Salesforce, France, Italy, Nantucket, San, Pacific, Davos, Switzerland, Cliff, New York, Las Vegas, Hawaii

Layla Elabed, campaign manager for Listen to Michigan, which spearheaded the protest vote against President Biden last week in Michigan. “Elections have a certain amount of momentum,” said Keith Ellison, Minnesota’s Democratic attorney general, who voted for Mr. Biden. Uncommitted Minnesota said it spent about $20,000 on the campaign since beginning last Monday. In Washington, organizers are pushing similar efforts to vote “uncommitted” in the state’s primary next week. It was not our first choice, but we have to let President Biden know that our votes are not to be taken for granted.”Nicholas Nehamas contributed reporting from Minneapolis.

Persons: Layla Elabed, Biden, Israel —, Mr, Uncommitted, Rashida Tlaib, Donald J, Donald Trump, ”, Elianne Farhat, Kamala Harris, “, Lauren Hitt, Cole Harrison, Trump, Keith Ellison, Ellison, Biden’s, Joe Biden, Abdullah Elagha, Harrison, Ilhan Omar, Rania Masri, —, uncommitted, Rami Al, ” Nicholas Nehamas Organizations: Democratic, Democratic National Convention, Somali, Trump, Uncommitted Minnesota, Hamas, Massachusetts Peace, Mr, “, Democratic Party, Colorado Palestine Coalition, Abandon Biden, Republican Party Locations: Michigan, Israel, Gaza, Colorado, Minnesota, Massachusetts, Cambridge, Colorado , Massachusetts, North Carolina, United States, American, Uncommitted Minnesota, In Minnesota, Georgia, Washington, Bothell, Minneapolis

Jimmy Kimmel returns as host for the fourth time, and the competition for best picture promises to be stiff. Best picture nominees include everything from Barbenheimer blockbuster summer duo "Barbie" and "Oppenheimer" to indie darling "Past Lives." There's still time to watch all 10 of the best picture nominees. Below, we'll show you all of your streaming options when it comes to where to watch every 2024 Oscars best picture nominee. In addition to best picture, the film is up for best original screenplay at the Oscars.

Persons: Jimmy Kimmel, Oppenheimer, There's, Jeffrey Wright, Percival Everett's, Thelonious, Monk, Ellison, Wright, Sandra Hüller, Justine Triet, Margot Robbie, Barbie, Jaap Buitendijk, Barbie Warner, Greta Gerwig, Ken, Ryan Gosling, America Ferrera, Oscar, Max, Paul Giamatti, Paul Hunham, Dominic Sessa, Da'Vine Joy Randolph, Peacock, Lily Gladstone, Robert De Niro, Leonardo DiCaprio, Martin, David Grann's, Scorsese, Mollie Burkhart, Bradley Cooper, Leonard Bernstein, Carey Mulligan, Felicia Montealegre, Jason McDonald, Maestro, Cooper, Mulligan, Cillian Murphy, J, Robert Oppenheimer, Christopher Nolan, Murphy, Robert Downey Jr, Emily Blunt, Teo Yoo, Greta Lee, Celine, John Magaro, –, Emma Stone, Bella Baxter, Stone, Mark Ruffalo, Christian Friedel, Rudolf Höss, Hedwig, ExpressVPN Organizations: Business, Dolby Theatre, MGM, Orion, Apple, Hulu, Warner Bros, Mattel, America, Osage, Osage Nation, FBI, Netflix, Manhattan Project, Paramount, Showtime, Searchlight, Disney Locations: Barbie, New England, Oklahoma, Los Alamos, New York, South Korea

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