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☆ Microsoft to cut 650 jobs at its Xbox gaming unit — read the full memo from top exec Phil Spencer
▼ + stars: | 2024-09-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Patrick T. Fallon | Bloomberg | Getty ImagesMicrosoft on Thursday said that it is cutting 650 roles at its Xbox gaming division, in the latest major round of layoffs to hit the video game industry. It marks the third series of redundancies in Microsoft's video game unit since the company's blockbuster acquisition of Activision Blizzard, the publisher behind the Call of Duty franchise, for $69 billion in cash. In a memo obtained by CNBC, Phil Spencer, CEO of Microsoft Gaming, told employees that the firm had taken this "difficult" decision to align its post-acquisition team structure and "organize our business for long term success." Bethesda publishes major gaming titles, such as the Fallout and The Elder Scrolls series. Major gaming studios have cut thousands of jobs around the world, beginning in 2023 and continuing into 2024.

Persons: Phil Spencer, Patrick T, Spencer, Japan's, Playtika Organizations: Microsoft, Fallon, Bloomberg, Getty, Activision Blizzard, Duty, CNBC, Microsoft Gaming, Xbox, Activision, ZeniMax Media, Bethesda Softworks, Bethesda, Japan's Sony, PlayStation, Gaming Locations: Los Angeles, U.S

☆ OpenAI is showing that the AI race is survival of the richest
▼ + stars: | 2024-09-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

It's also a sign of just how expensive the business of training and running AI models is getting. AdvertisementGenerative AI is a cash-guzzlerStartups like OpenAI need to raise huge amounts of capital to build smarter AI models. Just look at the spending of Big Tech firms working to improve their AI models. Consolidation has struck the AI industry in recent months, as some top startups trying to build AI models have been gutted. AI startups serious about progressing on LLMs will need to figure out the answer to this pretty quickly.

Persons: —, Elon, Sam Altman, ChatGPT, It's, Justin Sullivan, OpenAI, Dario Amodei, Anthropic, Pretty, Amodei's Anthropic, Dario Amodei's Anthropic, Noam Shazeer —, Ben Bergman, Sri Muppidi, it's, Elad Gil, Gil Organizations: Service, Bloomberg, Business, SpaceX, Getty, Microsoft, Big Tech, Street, Nvidia, Apple, Amazon, Samsung, Google Locations: OpenAI, aren't

☆ Apple's new update is finally making it easier to repair your broken iPhone on your own
▼ + stars: | 2024-09-12 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

With the iOS 18 update, Apple is making it easier to repair your own iPhone, without the headache. The "Repair Assistant" feature will recognize genuine iPhone parts, allowing them to function properly. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementApple is finally allowing customers to repair or replace parts in their iPhones without (as much) of a headache. The new feature, which Apple first announced in April, will run through a calibration process to authenticate genuine new or used iPhone parts users have installed on their own.

Persons: —, MacRumors Organizations: Apple, Service, Business

☆ Amazon hikes wages for contract delivery drivers as union pressures grow
▼ + stars: | 2024-09-12 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

In an aerial view, Amazon delivery trucks sit parked at an Amazon distribution center on July 16, 2024 in Richmond, California. Amazon is bumping its average national pay for contracted delivery drivers to roughly $22 an hour, up from $20.50 an hour, the company said Thursday. The Teamsters union has led a number of strikes at Amazon delivery facilities in the past year, and it's made organizing Amazon employees a key focus after launching a division dedicated to the online retail giant in 2021. Amazon has fought to avoid being designated as a joint employer of its contracted delivery drivers, arguing that the workers are employed by third-party firms. WATCH: Amazon delivery companies skip safety checks to keep up with quotas

Persons: Beryl Tomay, it's Organizations: Amazon, Teamsters, National Labor Relations Board Locations: Richmond , California, Las Vegas

Here's a rapid-fire update on all 32 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. AMD shares have caught a bid in recent days, but they're still cheap considering the growth of its AI processors. Broadcom : Investors who don't own any Broadcom yet should consider starting a position here, Jim said. Although it's tempting to offload shares, Jim said to stick with Honeywell for now because there's huge value in individual businesses like aerospace. There's little negative to say about this portfolio stock.

Persons: Jim Cramer's, Jim, Apple, haven't, it's, that's, he'll, Bob Iger, Bob Chapek, Larry Ellison, Biogen, Eli Lilly, Lowe's, Vimal Kapur, We'd, Linde, Lilly, Morgan Stanley, Goldman Sachs, It's, Jensen Huang, Kamala Harris, Republican Donald Trump, CrowdStrike, Palo, — we're, we're, Brian Niccol, Sands, Stanley Black, Decker, Wells, Charlie Scharf's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Abbott Laboratories, Abbott Labs, AMD, Amazon, Web, Broadcom, VMWare, Federal Reserve, Costco Wholesale, Coterra, DuPont, New York Times, Oracle, GE Healthcare, GE, Honeywell, Linde, Microsoft, Nvidia, Republican, Palo Alto Networks, Palo, Procter & Gamble, Procter, Gamble, Constellation Brands, Modelo, Stanley, TJX, Marshalls, Jim Cramer's Charitable, Traders, New York Stock Exchange, AFP, Getty Locations: Nvidia's, San Francisco, China, Dover, United States, industrials, OpenAI, Palo Alto, Wells Fargo

☆ Polaris Dawn crew conducts historic spacewalk during SpaceX mission
▼ + stars: | 2024-09-12 | by ( Jackie Wattles | Ashley Strickland | ) edition.cnn.com time to read: +8 min

Editor’s note: Relive the SpaceX Polaris Dawn historic commercial spacewalk as it happened. The Polaris Dawn crew can see a sunrise and sunset about every 106 minutes. Polaris Dawn crew members are seen within the SpaceX Crew Dragon capsule. Instead, the Polaris Dawn crew will receive their life support from long hoses attached to their spacecraft. Polaris Dawn crew member and SpaceX engineer Sarah Gillis is seen during the first commercial spacewalk.

Persons: —, Polaris Dawn crew’s, Jared Isaacman, Scott “ Kidd ” Poteet, Anna Menon, Sarah Gillis —, Isaacman, “, ” Isaacman, Gillis, ” Mennon, Bill Nelson, ” Nelson, Hatch, we’ve, Garrett Reisman, Sarah Gillis, Elon Musk, ” What’s, they’re, ” Organizations: SpaceX Polaris, CNN, Polaris, SpaceX, Shift4, US Air Force, NASA, Space, ISS Locations: wiggling, U.S

☆ Eli Lilly to invest $1.8 billion to expand manufacturing for weight loss, diabetes and Alzheimer's drugs
▼ + stars: | 2024-09-12 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Eli Lilly on Thursday said it will invest $1.8 billion to boost manufacturing for its newly approved Alzheimer's drug and highly popular weight loss and diabetes treatments, among other medicines, in Ireland. Eli Lilly also announced an $800 million facility expansion in Kinsale, Ireland. Eli Lilly has invested more than $20 billion to buy, build and expand manufacturing plants in the U.S. and Europe since 2020. Eli Lilly's main rival in the weight loss drug space, Novo Nordisk , has similarly poured in billions to boost production of its own treatments.

Persons: Eli Lilly, Eli, Edgardo Hernandez, Eli Lilly's Organizations: Novo Nordisk Locations: Indianapolis , Indiana, Ireland, Limerick, U.S, Kinsale, Europe, Novo

☆ In a rare act of defiance, a top K-pop group is going rogue
▼ + stars: | 2024-09-12 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

K-pop group NewJeans called out record label Hybe in a rogue YouTube livestream. It marked a surprising act of rebellion in the tightly-managed K-pop industry. Go to newsletter preferences Thanks for signing up! AdvertisementAn escalating feud with one of its top K-pop groups, NewJeans, could have financial implications for South Korean music giant Hybe. Shares dropped as much as 6% after NewJeans called out Hybe in a rogue YouTube livestream Wednesday.

Persons: —, NewJeans Organizations: YouTube, Service, South, Bloomberg, Business Locations: South Korean

☆ Russia stands to lose $6.5 billion a year if Ukraine doesn't renew a gas pipeline deal at the end of the year, report says
▼ + stars: | 2024-09-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Russia's energy revenue could take another hit if Ukraine doesn't renew a key gas deal by the end of the year. AdvertisementRussia could end up losing billions if Ukraine turns its back on a deal to keep gas flowing from the country. Ukraine's state-run energy giant, Naftogaz, is up to renew its gas pipeline deal with Russia's Gazprom by the end of the year. Ending the pipeline deal would be a blow to Russia's gas trade, which is a key lifeline for the economy as it navigates a third year of war in Ukraine. Recently, Russia established a gas pipeline deal with China, which has become one of its largest trading partners.

Persons: Ukraine doesn't, — Organizations: Moscow, Service, Gazprom, Bloomberg, Ukraine, Yale Locations: Ukraine, Europe, Russia, Ukraine's, Moscow, China

☆ Britain labels data centers critical infrastructure to boost cyber defenses
▼ + stars: | 2024-09-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Data centers today are crucial computing infrastructure that power the modern-day internet. Granting data centers critical infrastructure status will enable the government to coordinate better against hackers and unexpected cyber events, Kyle said. Data center operators will effectively be given a direct line to the government to prepare for and respond to data threats, the government said. Data centers are a key part of the modern internet as it exists today. When they go offline, it can cause massive outages for internet users, with sometimes critical services going down.

Persons: Andrew Aitchison, Peter Kyle, Kyle Organizations: Pictures, Corbis, Getty, British Technology, Amazon, U.S, Security Locations: Hertfordshire, England, Europe

☆ Ripple's XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF
▼ + stars: | 2024-09-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The price of Ripple's XRP token jumped Thursday after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the cryptocurrency. XRP was last higher by more than 3% at 56 cents a coin, according to Coin Metrics. XRP is the native token of Ripple's XRP Ledger, whose main purpose is to facilitate cross-border financial transactions. Grayscale made history shortly after when a court ruled that the SEC was wrong to deny crypto investment giant permission to convert its popular bitcoin trust into an ETF. The Grayscale Bitcoin Trust and the Grayscale Ethereum Trust began trading in January and July of this year, respectively, as ETFs.

Persons: XRP, Rayhaneh Sharif, Analisa Torres, cryptocurrencies, Bitcoin, MicroStrategy, —, Jesse Pound Organizations: Metrics, Securities and Exchange Commission, District, SEC Locations: London, England, Bitcoin, U.S

☆ Paris mayor plan to keep Olympic rings on Eiffel Tower opposed by designer's family
▼ + stars: | 2024-09-11 | by ( Nancy Ing | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +5 min

PARIS — There are few sights more iconic than the Eiffel Tower and the Olympic rings. The multicolored logo adorned the Eiffel Tower during the Paris 2024 Games, just as they had hung from London’s Tower Bridge in 2012 and the Sydney Harbour Bridge in 2000. However, Hidalgo announced in the French media Aug. 31 that the rings would stay on the Eiffel Tower, until at least 2028 and perhaps beyond. After days of mounting criticism, the Eiffel family weighed in. Nevertheless, the Eiffel family say they won’t climb down without a fight.

Persons: Paris Mayor Anne Hidalgo, Hidalgo, Gustave Eiffel, ” Myriam Larnaudie, “, It's, Paris, ” Hidalgo, Eiffel, Nancy Ing, Alexander Smith Organizations: Bridge, Paris Mayor, Olympic, city's, “, Eiffel, NBC News, London, Rio, International, The Association, IOC, Ouest Locations: Sydney, Tokyo, Paris, France, London

☆ These are the top tech picks of UBS for rest of year, including an Nvidia alternative
▼ + stars: | 2024-09-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Some tech stocks are due for outperformance heading into year's end, according to UBS. Nvidia dragged other chip stocks down with it, with the VanEck Semiconductor ETF (SMH) suffering its worst day since March 2020. Wall Street is also bullish on the chipmaker, with 41 of the 50 analysts covering the name issuing a strong buy or buy rating, according to LSEG. In the IT hardware and electronics manufacturing services sector, UBS named Dell Technologies , given a PC refresh cycle and developing strength in AI optimized servers. UBS has a buy rating on the stock, and its target implies more than 48% upside from Tuesday's close.

Persons: chipmaker, Timothy Arcuri, Palantir, monetization Organizations: UBS, Nvidia, VanEck Semiconductor, Devices, AMD, Dell Technologies, DELL, P Global, Dell, Spotify

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Spotify, Arm, Robinhood, Alphabet, Shopify, Disney & more
▼ + stars: | 2024-09-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Goldman Sachs downgrades Morgan Stanley to neutral from buy Goldman said it sees better value elsewhere than Morgan Stanley. Goldman Sachs upgrades Evercore to buy from neutral Goldman said the investment banking firm is "best in class." JPMorgan reiterates Nvidia as overweight JPMorgan said stocks such as Nvidia are "strong beneficiaries in the emerging AI arms race." Morgan Stanley reiterates Arm as a top pick Morgan Stanley said it's sticking with its overweight rating on the semiconductor chip company. Bank of America reiterates Apple as buy Bank of America said it's standing by its buy rating on shares of Apple.

Persons: Goldman Sachs downgrades Morgan Stanley, Goldman, Morgan Stanley, Goldman Sachs, Rosenblatt, Canaan, Jefferies, Williams, Guggenheim, it's, orals, it's bullish, Bernstein, Robinhood, Wells, Shopify, Truist, Wolfe Organizations: NASDAQ, JPMorgan, Viking Therapeutics, Citi, Apollo Global Citi, APO, U.S, " Bank of America, Novartis, Bank of America, Nvidia, Apple, Spotify, Disney, AES, ~$ Locations: Canaan, Williams, Sonoma, 2030E

☆ Seven & i Holdings' shares slide 3% on likely U.S. probe into a potential M&A deal with Couche-Tard
▼ + stars: | 2024-09-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

A 7-Eleven convenience store, operated by Seven & i Holdings Co., in Kawasaki, Japan, on Monday, Aug. 19, 2024. The FTC was concerned that the companies' defense attorneys were advising them to get rid of documents linked to the potential merger ahead of antitrust investigations, Reuters reported. In June, the FTC and the Justice Department launched antitrust investigations into Microsoft, OpenAI and Nvidia. Other recent antitrust investigations include cases against Amazon and Google. Seven & i revealed that Couche-Tard had offered to acquire all outstanding shares of Seven & i for $14.86 per share.

Persons: Canada's Alimentation, Tard, Tokutaka Ito, O Shearman, Ito, — CNBC's Lim Hui Jie Organizations: Seven, Holdings Co, Holdings, U.S . Federal Trade Commission, Reuters, FTC, Justice Department, Microsoft, Nvidia, Amazon, Google, CNBC Locations: Kawasaki, Japan, Asia, .

☆ See giant gas bubbles move on the surface of a nearby star
▼ + stars: | 2024-09-11 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —Astronomers have observed the detailed motions of giant gas bubbles on the surface of a nearby star for the first time, which rise and fall like the inside of a lava lamp. The images show the surface of the star R. Doradus, a red giant star 180 light-years away in the Dorado constellation. The telescope enabled them to collect high-resolution images of the star’s surface over the course of a month. Convection bubbles can be seen moving on the surface of R. Doradus, as seen by the ALMA telescope in Chile. While convection bubbles have been spotted before on the surface of stars, the new observations tracked the motion of bubbles in a way that wasn’t possible earlier.

Persons: ”, Wouter Vlemmings, Vlemmings, ‘, ” Vlemmings, Theo Khouri, Chalmers, ALMA, Behzad Bojnordi, Claudia Paladini, Paladini, ” Paladini Organizations: CNN —, Chalmers University of Technology, NASA, Chalmers, Energy, European Southern Observatory, Sun Locations: Sweden, ALMA, Chile

6:59 a.m.: Citi raises AT & T price target A wave of improving outlook for telecommunications could benefit shares of AT & T , according to Citi. The firm upgraded the telecommunications company to neutral from sell and left its $350 per share price target unchanged. "Although our 2028 EPS is still c16% ahead of consensus, we now see less scope for earnings outperformance 2024/2025," the analyst added. The firm upgraded the home furnishings stock to buy from hold and increased its price target to $156 per share to $148. His price target of $105, down from $122, implies upside of just 8.7% from Tuesday's close.

Persons: Goldman Sachs, Morgan Stanley, Jefferies, Michael Rollins, Rollins, — Brian Evans, Graham Parry, Parry, Sonoma Jefferies, William, Jonathan Matuszewski, Matuszewski, Brian Evans, Goldman Sachs downgrades Morgan Stanley, Richard Ramsden, Ramsden, Fred Imbert Organizations: CNBC, Williams, Citi, AT, JV, Apple, Communications Citi, Communications, Charter Communications, Bank of America downgrades Novartis Bank of America, Novartis, William, Elm, Brands, WSM, Goldman Sachs downgrades Morgan Stanley Investors Locations: U.S, Sonoma, Swiss, William, Tuesday's

☆ We're about to find out if Jensen Huang can get investors to snap out of their AI panic
▼ + stars: | 2024-09-11 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewJensen Huang faces a monumental task as he takes center stage at a Goldman Sachs event on Wednesday: getting AI investors to stop panicking. However, there are signs suggesting that investors are getting pretty angsty over the future of Nvidia and AI more broadly. The markets are in a panic over AINvidia has been a powerhouse at the center of the generative AI boom. First, Nvidia's 122% year-on-year revenue growth in the last quarter was smaller than the 262% growth it recorded in the previous quarter. "I do not believe that Jensen is able to say anything that will quell investors' nerves," he said.

Persons: —, Jensen Huang, Goldman Sachs, Chris Beauchamp, Jeff Chiu, Beauchamp, Bernstein, Emma Cosgrove, Huang, Blackwell, Alvin Nguyen, Forrester, Jensen Organizations: Service, Nvidia, Technology Conference, Business, Google, Meta, Microsoft, Santa, Big Tech, Blackwell Locations: San Francisco, Santa Clara

☆ Apple is taking a bigger bite out of the creator economy and influencers are fuming
▼ + stars: | 2024-09-11 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +6 min

Read previewApple's in-app fees are eating away at creator earnings without giving much back in return, according to disgruntled members of the influencer industry. The fee takes a percentage of donations and purchases made through Apple mobile devices, affecting marketers, followers, and creators themselves. Advertisement"There's no denying the positive impact Apple has had on the creator economy," said Lindsey Gamble, who advises influencers on marketing strategies. Patreon is the latest creator platform hit with Apple's in-app fee. Jim Louderback, a creator economy advisor, recently wrote that creators should Boycott Apple in his newsletter, "Inside the Creator Economy."

Persons: —, Lindsey Gamble, influencers, Gamble, Apple, Hulu, TikTok, HBO's Max, influencers Rosanna Pansino, Lauren Riihimaki, YouTuber, Patreon, Jim Louderback, Boycott Apple, Louderback, vig Organizations: Service, Substack, YouTube, Facebook, Business, Apple, Mighty Networks, Services, Spotify, Hollywood, Netflix, Hype, Apple's, Google

☆ A debate with bad blood
▼ + stars: | 2024-09-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

When discussing immigration, Harris took a shot at Trump's rallies, saying that people leave them early " out of exhaustion and boredom ." Trump responded with his own attack about Harris' rallies, but his demeanor also took a noticeable turn for the remainder of the debate. And while the two candidates basically don't agree on anything, Harris took one page out of Trump's book. The vice president had some noticeable facial expressions during the debate , something the former president has been known for. The Harris campaign said following the debate the vice president would participate in another one in October .

Persons: —, we're, Saul Loeb, Kevin Dietsch, Kamala Harris, Donald Trump, Harris, Trump, Jon Stewart, Insider's Brent D, Griffiths, David Muir, Linsey Davis, Roe, Wade, Elon Musk, Taylor Swift, Walz, Alex Brandon, Rebecca Zisser, Jamie Dimon's, Goldman Sachs, greenlights, Dan Ives, Ives, Brooks Kraft, Apple, Millennials, TikTok doesn't, Antony Blinken, Volodymyr Zelenskyy, Megan Thee, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Trump, White, JPMorgan, Apple, Brooks, Brooks Kraft LLC, Getty, YouTube, EV, UK Foreign, MTV, MTV . Locations: —, Ukraine, New York, London

☆ CEO of property firm Damac expresses concerns over 'expensive' Dubai
▼ + stars: | 2024-09-11 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

DUBAI, United Arab Emirates — Dubai's property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms. For Hussain Sajwani, chairman of Dubai property giant Damac, that spells both good and bad news. "What concerns me a little bit in Dubai is that [it's] becoming an expensive city, and I've said this in the past, that Dubai [is] going to be [an] expensive city. The latest Dubai property market numbers tell a story of burgeoning demand. In July of 2024, property sales reached 49.6 billion dirhams ($13.5 billion), a 31.63% increase from the same period in 2023, according to locally-based brokerage firm Elite Merit Real Estate.

Persons: Hussain Sajwani, I've, Sajwani, CNBC's Dan Murphy Organizations: United Arab Emirates, United, Real Locations: DUBAI, United Arab, United Arab Emirates, Dubai, Riyadh

☆ Financials have been on fire lately. These stocks are expected to fly higher from here
▼ + stars: | 2024-09-11 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Financials have been on a tear lately, and some stocks in the space could break out. The S & P 500 financial sector has advanced more than 16% this year and nearly 4% over the past month. It's also jumped 7% during the third quarter, outperforming the S & P 500's 0.3% increase. The S & P 500 and the Nasdaq Composite are both down more than 2% in September. KKR YTD mountain KKR stock.

Persons: It's, Wells Fargo, Nicholas Watts, there's, Matt O'Connor Organizations: Nasdaq, CNBC, Stock, KKR, Atlantic, Global, LSEG, Deutsche Bank, Bank of America, Deutsche, Berkshire Hathaway Locations: U.S, financials, Wells Fargo, Berkshire

☆ Amazon is opening Fresh supermarkets after yearlong stall — but many locations remain vacant
▼ + stars: | 2024-09-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +9 min

In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNTWorkers stock shelves at an Amazon Fresh grocery store in Seattle, Washington, US, on Thursday, May 2, 2024. As part of the Fresh store redesign, Amazon created a more colorful layout and added Krispy Kreme donut and coffee stalls. "We like the early results a lot," Jassy said on the company's first-quarter earnings call in April, referring to the revamped Fresh stores. Amazon declined to comment on the status of the Fresh stores that remain unopened. "You walk into the Amazon Fresh store in Roseville and it feels like you're in a stainless steel wine cellar," Thill said.

Persons: David Ryder, Joe Knowles, Bensalem, it's, Andy Jassy's, Jassy, CNBC it's, It's, Ted Weill, AlbaneseCormier, Weill, they've, Brent Thill, Thill Organizations: Amazon, Bloomberg, Getty, CNBC, Foods, Walmart, Jefferies, Anadolu, Mart, Shoppers, Aldi, Rancho Mirage Locations: Seattle , Washington, US, Philadelphia, Bensalem , Pennsylvania, California , Illinois, Maryland , New Jersey, Virginia, Illinois, California, Amazon's, U.S, Woodland, Los Angeles, San Mateo , California, United States, Pennsylvania , New Jersey , New York , Florida, Washington, Florida, Mirage , California, Palm Springs, Italian, Sacramento, Roseville, Amazon

☆ Inside the media circus that still surrounds America's presidential debates
▼ + stars: | 2024-09-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

Related storiesThe media center, set in a cavernous convention center hall the size of a football field, could have been anywhere. Shapiro finishing an interview with CNN in the spin room. Rep. Robert Garcia in the spin room. And most of us understand that the spin room is a manifestation of the unholy mixture of news and entertainment that's often inescapable as a national reporter. If you care what Anthony Scaramucci has to say about anything, as the Harris campaign apparently thinks you might, then he's on hand.

Persons: Doug Burgum, Donald Trump's, Burgum, Kamala Harris, It's, Trump, Harris, Bryan Dozier, —, Ronald Reagan's, Robert F, Kennedy Jr, Josh Shapiro, Shapiro, Chip Somodevilla, it's, We're, Robert Garcia, Joe Biden's, Garcia, Matt Slocum, surrogates, Matt Gaetz, Donald Trump, Vivek Ramaswamy, Lindsey Graham of, Anthony Scaramucci, Khizr Khan, Ramaswamy, Sean Hannity, Lindsey Graham, Tim Scott of, Kevin Dietsch Organizations: Service, Pennsylvania Convention Center, GOP, Variety, Pennsylvania Convention, Getty, National Constitution, CNN, Twitter, AP, Star, Democratic, Fox News, Trump Locations: California, Pennsylvania, Florida, Sen, Lindsey Graham of South Carolina, Sens, Tim Scott of South Carolina

☆ JD Vance's Wall Street allies raise millions for the Trump campaign
▼ + stars: | 2024-09-11 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Wall Street relationshipsOne of Vance's earliest interactions with Wall Street came shortly after the November 2016 presidential election, when he headlined a lunch in New York to discuss his newly published memoir. John Underwood, a longtime managing director at Goldman Sachs, encouraged his allies to support and raise money for Vance's Senate campaign, according to people familiar with the matter. He told them the Trump campaign would need "hundreds of millions of dollars" to compete with Vice President Kamala Harris' fundraising surge. The Ohio Republican's opposition to Wall Street was on full display during the Republican National Convention in Milwaukee in July. "Wall Street barons crashed the economy and American builders went out of business," Vance said in his nomination acceptance speech.

Persons: Vance, Marco Bello, Sen, JD Vance, Donald Trump's, Scott Bessent, Morgan Stanley's Jonathan Burkan, Cantor Fitzgerald, Howard Lutnick, Norm Champ, Keith Rabois, Jacob Helberg, J.D, Champ, Sander Gerber, Gerber, Goldman Sachs, Ohio Republican Sen, Rob Portman, John Underwood, Underwood, Steve Case, Trump, Omeed Malik, Emil Henry, Henry, Bush, Ted Virtue, Woody Johnson, Clifford Sobel, Richard Kurtz, Kamala Harris, Harris, Malik, John Paulson, Reuben Jeffery III Organizations: Republican U.S, Reuters, Ohio, Trump, Vance, Securities and Exchange Commission, CNBC, Hudson, Hudson Bay Capital, Netflix, Allen & Company, Ohio Republican, Senate, AOL, Tiger Infrastructure Partners, New York Jets, Hamptons, Valor Capital, Rockefeller & Co, Wall, Republican National Convention Locations: Kenosha, Kenosha , Wisconsin, U.S, New York City, Hudson Bay, New York, Ohio, Sun Valley , Idaho, Washington, Milwaukee

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