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Bowing to investor pressure, Salesforce has adopted a more disciplined approach to dealmaking, increasing the importance of internal product development. "Agentforce is the product announcement [Salesforce] investors have sought for years," Needham analysts wrote in a recent note to clients. Salesforce stock remains down about 13% from its 2024 peak close and record high of $316.88 a share on March 1. CRM 1Y mountain Salesforce's stock over the past 12 months. Analysts said Salesforce is cheap compared to peers on multiple valuation metrics with ample room to increase free cash flow ahead.
Persons: Salesforce, Jim Cramer, Agentforce, Mulesoft, Needham, Einstein, , Jim, Bofa, Baird, Piper Sandler, Piper, Jim Cramer's, Marc Benioff, Salesforce's Dreamforce, Justin Sullivan Organizations: Wall Street, Nasdaq, Barclays, Saks, Investors, Bank of America, CNBC, Getty Locations: Dreamforce, San Francisco, San Francisco , California
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAfter witnessing friends endure the rigmarole of long-distance relationships, I could see why almost half of them end in breakups. I was about to announce that I had quit my job and booked a one-way ticket to see him. AdvertisementAfter six months Down Under, I found myself in one of the longest long-distance relationships geographically possible. But as a poster girl for long-distance relationships, I can attest that skipping shortcuts to finding a soulmate and leaning fully into vulnerability has given me my dream life and man.
Persons: , couldn't, I'd, blanco, Weeks, I've Organizations: Service, Business, Gipsy, Thames, London Locations: London Heathrow, Sydney, Australia, Soho , London, Waterloo
No, it's not really Apple or Microsoft popping up on your screen to tell you your computer has been infected. "Because, who doesn't know Microsoft or Apple as a brand?" Here's what people should know to protect themselves from scams targeting commonly used, trusted tech brands:Never assume any online ad is authenticPeople can be duped in a number of ways. Sometimes simply opening the attachment could infect a consumer's computer with malware. If, for instance, you called a number for "Microsoft" or "Apple" and gave usernames and passwords, change those.
Persons: it's, It's scammers, Cliff Steinhauer, Nati Tal, Bing, Malwarebytes, Jérôme Segura, Segura, Jim Routh, It's, Routh Organizations: National Cybersecurity Alliance, Microsoft, Apple, Guardio Labs, McAfee, PayPal, Norton
The Federal Trade Commission on Wednesday announced a crackdown on what the regulator called "deceptive AI claims and schemes" by three business opportunity ventures and two companies, including the legal services firm DoNotPay. "Using AI tools to trick, mislead, or defraud people is illegal," FTC Chair Lina Khan said in a statement. "The FTC's enforcement actions make clear that there is no AI exemption from the laws on the book," Khan said. In a complaint, the FTC said that DoNotPay, which touted its AI service as "the world's first robot lawyer," failed to live up to that claim. "Since about 2023, Defendants' deceptive sales pitch has said their business model is powered by artificial intelligence ("AI")," the suit says.
Persons: Lina Khan, Khan, DoNotPay, William Basta, Kenneth Leung Organizations: Financial Services, General Government, Federal Trade Commission, Wednesday, FTC Locations: Rayburn, CapVentures, Los Angeles
A rare coin found in a man's change is estimated to be worth nearly $1,000 at auction. The coin looks a lot like an ordinary UK 20p piece, which would be worth about 35 cents. Go to newsletter preferences Thanks for signing up! AdvertisementA man was handed a nondescript coin as part of his change while buying lunch. The coin has now been estimated to be worth nearly $1,000, around 2,800 times its face value.
Persons: it's, Organizations: Service, RWB, Business
Trade will work regardless Yet, reshoring is the one macroeconomic trade that will work no matter who wins the White House, according to Societe Generale. Last year, there were 287,000 reshoring and foreign direct investment job announcements, the second-highest year on record, according to the Reshoring Initiative . "One trade that has worked under both of the last two administrations is our US Reshoring 'beneficiary' equities," Kabra wrote. The company provides industrial automation products and services. The industrial conglomerate has a hand in a range of industries, including industrial automation solutions and building automation.
Persons: Donald Trump, Trump, Kamala Harris, John Deere, Harris, Dan Levy, Manish Kabra, Kabra, reshoring, Morgan Stanley, Blake Moret, Jill Carey Hall, Michael Feinger, Feinger, Peter Matt Organizations: Barclays, Societe Generale, Science, Generale's, China, Reshoring, Trump, Packaging Corporation of America, Cummins, Rockwell Automation, Honeywell, Bank of America, Eaton, Steel Dynamics, United Rentals, Commercial Metals Locations: United States, Mexico, China, U.S, reshoring, Midwest
A few days after Porter was found dead at home, Combs shared an emotional tribute on Instagram, which has since been deleted. Quincy, Christian, Jessie, and D'Lila defended their parents' relationship in an open letterKim Porter, Quincy Brown, Sean Combs, Christian Combs, and Justin Combs in 2015. Chelsea Lauren/Getty ImagesCombs' four children with Porter shared a joint statement on Wednesday, published by Essence. Quincy, Christian, Jessie, and D'Lila also requested privacy as they grapple with their mother's death and father's arrest. Christian is facing his own allegation of sexual assaultSean "Diddy" Combs and his son, Christian Combs, at the 2023 VMAs.
Persons: , Sean, Diddy, Combs, Kim Porter, Cassie Ventura, Porter, Quincy Taylor Brown, Christian Combs, Jessie James Combs, D'Lila Star Combs, Sean Combs, Jessie, Mat Szwajkos, Getty Combs, Chance Combs, wouldn't, Quincy, D'Lila, Quincy Brown, Justin Combs, Chelsea Lauren, Getty, Albert Joseph Brown III, Al B, Eugene Gologursky, Grace O'Marcaigh, O'Marcaigh, Christian, Aaron Dyer, Jacob Shamsian Organizations: Service, Business, Daily Mail, D'Lila, Angeles County Department of Medical Examiner, Essence ., Christian, MTV, BI Locations: Manhattan, Christian, Essence . Quincy, Quincy, Los Angeles
Starbucks CEO Brian Niccol said the coffee chain is committed to bargaining in good faith with the union that represents many of its baristas, as the two sides work to craft a labor deal. He was responding to a letter from the Starbucks Workers United bargaining delegation sent a day earlier, ahead of another bargaining session between Starbucks and the union. Three years ago, Starbucks baristas started unionizing under Workers United, an affiliate of the Service Employees International Union. Niccol joined Starbucks several weeks ago, making him a newcomer to the union discussions. Today, Workers United represents more than 490 of Starbucks' U.S. cafes and more than 10,500 of its employees.
Persons: Brian Niccol, Niccol, Starbucks baristas, Chipotle Organizations: CNBC, Starbucks Workers United, Starbucks, Workers United, Service Employees International Union, burrito Locations: Lansing , Michigan, Augusta , Maine, U.S
He expects Oklo to break ground at the Idaho site in 2026, with plans to have the reactor up and running by the following year. The CEO acknowledged there's a risk the 2027 start date gets pushed out depending on how long the NRC review takes. The average nuclear reactor in the current U.S. fleet is around 1,000 megawatts, according to the Department of Energy. The CEO acknowledged the NRC review could delay the 2027 start date for the Idaho microreactor: "There's definitely risk. At the end of the day, we can't control the NRC review timeline," he said.
Persons: Jacob DeWitte, Oklo, DeWitte, there's, Sam Altman's SPAC, Altman, Oklo's Organizations: CNBC, Department of Energy, Idaho National Laboratory, Nuclear Regulatory Commission, AltC, Department of Energy ., Industry, Constellation Energy, NYSE, NRC, World Health Organization, Idaho Locations: Idaho, Idaho Falls, Aurora
As news of the Olivia Nuzzi-RFK Jr. scandal tore through media and government circles over the past week, with increasingly titillating details emerging, those inside the New York magazine fold began to wonder about their own fallout. In a note to readers, New York called it a "violation of the magazine's standards around conflicts of interest and disclosures." Nuzzi said in a statement to The New York Times that the relationship wasn't physical. She is currently on leave from the magazine, and the magazine is conducting a more thorough third-party review. AdvertisementNew York mag didn't say who was conducting the third-party review or what additional information it hoped to learn from it.
Persons: Olivia Nuzzi, she'd, Robert F, Kennedy Jr, Oliver Darcy, Kennedy, Nuzzi, Donald Trump, Kennedy didn't, wasn't, David Haskell, Vox, Brian Leung, Haskell, Haskell —, EIC Adam Moss, Tirhakah Love, Love, Corey Lewandowski's, Trump Organizations: Service, RFK Jr, New York, Washington, New York Times, Business, Media, Employees, Staff, Trump, Vox Media, Hollywood, Penske Media Locations: New York, Israel, , New York
The U.S. Secret Service insignia is pictured on a wall at the Secret Service headquarters in Washington. When asked about that report, a Secret Service spokesman told CNBC, "The U.S. Secret Service Office of Professional Responsibility is investigating a misconduct allegation involving an employee." "The Secret Service holds its personnel to the highest standards," the spokesman said in an email. Senior OVP officials were alerted by the USSS about an incident involving an agent and informed that USSS initiated an investigation," Harris' office said. Real Clear Politics reported that the agent's actions toward the Harris campaign staffer "were apparently witnessed by other people present."
Persons: Kamala Harris, groped, Harris, USSS Organizations: Secret Service, Real Clear, CNBC, Service, NBC Locations: Washington, The, Green Bay , Wisconsin
Lee cites declining margin debt and a dovish Fed as key resons to be bullish on stocks. "We really haven't seen tops until margin debt actually starts to really rollover," Lee said. That "firepower" refers to the fact that FINRA margin debt declined in August to $797 billion, well below its October 2021 peak of $936 billion. AdvertisementThe S&P 500 surged 14% in the first half of 2024, putting this into play. The data shows that since 1950, the S&P 500 has delivered an average second-half gain of 9.8% under such circumstances, with an 83% win ratio.
Persons: Fundstrat's Tom Lee, Lee, , Tom Lee, there's, Lee crunched, Volcker Organizations: Fed, Service, Federal Reserve
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle's EU complaint puts Microsoft's cloud business under the microscopeCNBC’s Deirdre Bosa with the latest on Google’s EU complaint against Microsoft and its cloud computing services.
Persons: Deirdre Bosa Organizations: Microsoft
Although he increased his price target to $150 from $130, the new price target is just around $2 higher from Tuesday's close price. — Fred Imbert 6:46 a.m.: Citi raises Roblox price target Citi is bullish on Roblox's long-term prospects in spite of some near-term rockiness. — Hakyung Kim 5:42 a.m.: Piper Sandler raises price target on Tesla Piper Sandler thinks Tesla may sell more vehicles than the firm previously expected. With this in mind, he raised his price target on Tesla shares to $310 from $300, signaling about 22% upside from Wednesday's close. TSLA YTD mountain TSLA year to date — Hakyung Kim 5:42 a.m.: Barclays upgrades Hewlett Packard Enterprise Rising demand for artificial intelligence servers will boost Hewlett Packard Enterprise shares, according to Barclays.
Persons: Piper Sandler, TD Cowen downgrades Expedia TD Cowen, Kevin Kopelman, Kopelman, EXPE, — Hakyung Kim, Morgan Stanley, Ford Morgan Stanley's Adam Jonas, Jonas, Ford, Fred Imbert, Jason Bazinet, we're, Bazinet, Roblox, Alex Straton, Straton, JPMorgan, Rodolfo Angele, Angele, Tesla Piper Sandler, Tesla, Alexander Potter, Potter, Hakyung Kim, Tim Long, HPE, Long Organizations: CNBC, Barclays, Hewlett Packard Enterprise, U.S, Ford Motor, GM, Citi, Nike, JPMorgan, Petrobras, Tesla, Hewlett, Enterprise, Juniper Networks Locations: China, U.S, Tuesday's, XLK
Anyone can place a bid for Infowars, including its dubious dietary supplement store, and use the property for any reason. Nothing would prevent him from continuing to broadcast under a new owner, although he would still need to pay off the debt he owes the Sandy Hook families with any earnings he may receive. There’s also nothing stopping Jones from continuing to speak about the Sandy Hook massacre or the families. The only way Jones would be prevented from speaking about Sandy Hook entirely is through a separate settlement with the families. But even if all of Jones’ personal intellectual property is sold off along with Infowars, it’s unlikely to make more than a small dent in the amount he owes the Sandy Hook families.
Persons: Alex Jones ’, Jones, Sandy, Christopher Mattei, Sandy Hook, Alex Jones, ” Mattei, There’s, , ” Jones, Organizations: New, New York CNN, Free Speech Systems, Elementary, ThreeSixty, Systems, Infowars Locations: New York, Texas, Connecticut, Sandy
It was the second knife attack on Japanese children and third assault on foreigners in China in recent months. “As a Chinese, I feel heartbroken, outraged and ashamed,” said a Shenzhen resident who laid a white rose outside the Japanese school following the boy’s death last Thursday. The killing has shaken the Japanese community in China, with some of Japan’s biggest companies offering to repatriate staff members and their families. Generations of Chinese grew up learning about the atrocities committed by Japanese soldiers in school textbooks and on state television. “There is no so-called Japan-hating education in China,” Foreign Ministry spokesperson Lin Jian said Monday.
Persons: , , Xi Jinping, Lin Jian, , influencers, WeChat, Kuaishou, Zhang, “ Little, ” Zhang, Yoko Kamikawa, Wang Yi, ” Kamikawa, Wang, Japan, I’m, I’ve Organizations: Hong Kong CNN, Authorities, Kyodo, East China, Japan, ” Foreign, Communist Party, CNN, Japan’s, Associated Press, Japanese Foreign Ministry, Chinese Foreign Ministry Locations: Hong Kong, China, Japan, Shenzhen, Beijing, East, United States, Tokyo, Yasukuni, China’s, Shanghai, New York, Guangzhou, ,
The sender said Sanford, who lives in Springfield, Missouri, would only only be safe if he removed a negative online review. Months earlier, Sanford had left a scathing review for an e-commerce "automation" company called Ascend Ecom on the rating site Trustpilot. The FTC is seeking monetary relief for Ascend customers and to prevent Ascend from doing business permanently. The FTC has also pledged to go after companies that try to suppress negative reviews online as part of new rules issued this year targeting fake reviews. Formed in 2021, Ascend has done business under several entity names with operations registered in states including Texas, Wyoming and California.
Persons: Jamaal Sanford, Sanford, it's, Will Basta, Jeremy Leung Organizations: Federal Trade Commission, FTC, YouTube Locations: Robbinsville , New Jersey, Russian, Springfield , Missouri, dropshipping, Texas , Wyoming, California
As Americans increasingly rely on Social Security and other retirement income to get by, high medical expenses could throw years of retirement planning out of balance. AdvertisementRetiring early to be his wife's caretakerPapalia had a goal to retire in 2015 at age 65 so he could receive Social Security benefits and have enough saved that money wouldn't be a huge issue. However, in 2010, he retired to care for his wife full-time, taking a buyout from his company that lasted until 2014. Marie's medical care was expensive, and they also cared for two dogs, both of whom had costly medical issues. Scraping by and making sacrificesPapalia receives $2,132 a month in Social Security before taxes and insurance and $1,900 from his pension, while Marie gets $1,113 a month from Social Security.
Persons: , Robert Papalia, Marie, They're, Papalia, they're, wouldn't, She's, they've, We're, it's, he's Organizations: Service, Business, BI, Social Security, Social, Security Locations: Burlington , New Jersey, New Jersey, Pennsylvania
Australian, New Zealand dollars scale new highs on China boost
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: +3 min
An Australian one-hundred dollar banknote, top, and a New Zealand one-hundred dollar banknote are arranged for a photograph in Hong Kong, China, on Thursday, March 13, 2014. The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while sterling hit its highest in more than two years against a weaker dollar, as China's aggressive stimulus package provided the latest shot in the arm for risk appetite. Data on Tuesday showed U.S. consumer confidence unexpectedly fell in September, amid mounting worries over the health of the labor market. Against a basket of currencies, the dollar last stood at 100.28, languishing near a more than one-year low of 100.21. The dollar index had fallen more than 0.5% in the previous session, its largest one-day percentage fall in a month.
Persons: Sterling, Carol Kong, Wells Organizations: New, Bank of, Federal Reserve, Commonwealth Bank of Australia, greenback, Markets Locations: Australian, New Zealand, Hong Kong, China, Bank of England, U.S, Wells Fargo
Though mortgage rates are expected to continue trending down, it's unclear how much further they might drop. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering around 5.80% today, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are right around 5%, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.
Persons: you'll, they've, Freddie Mac, it's, They'll Organizations: Federal Reserve, Zillow, Fed Locations: U.S, Chevron
The outcome of November's presidential election could have major implications for some popular technology stocks. Meanwhile, a victory by Vice President Kamala Harris may lead to tighter AI regulations focused on safety, ethics and protecting consumers. AI chip giant Nvidia is another likely winner in both split scenarios and a Republican sweep. Heightened antitrust controls over Google and its local search monopoly in a Democrat sweep and split Harris government should also benefit shares of Yelp down 27% this year. Republican sweep Raymond James views Salesforce as a potential big winner in a Republican sweep, noting that "more favorable" corporate tax rates should benefit cyclical software names.
Persons: Raymond James, Donald Trump, Trump, Ed Mills, Kamala Harris, Mills, Harris, Melissa Fairbanks, John Davis, Andrew Marok, bode, Salesforce, Davis, Datadog, Adam Tindle, Josh Beck Organizations: Democrat, Veeva Systems, Flex, Visa, Democratic, Republican, Trump, Republican Senate, Microsoft, Nvidia, Verizon, U.S, Google, Apple, Texas, Intel, Qualcomm, Apollo Global Management, Arista Networks Locations: China, Washington, outperformance, Saudi Arabia, Yelp
GM was lowered to underweight from equal weight, with the price target cut to $42 from $47. Additionally, Jonas lowered his rating on EV maker Rivian to equal weight from overweight, cutting his price target to $13 from $16. F GM 5D mountain F and GM fall Ford Motor shares have struggled in 2024, losing more than 10%. These headwinds, coupled with "peak earnings" and electric vehicle and regulatory risks, will also send GM shares lower. On Rivian, Jonas said, "The downgrade reflects our incorporation of the capital intensity of [autonomous vehicles] which may be required to fulfill the technological underpinnings that attracted Volkswagen as a JV partner."
Persons: Morgan Stanley's Adam Jonas, Ford, Jonas, Rivian Organizations: U.S, Ford Motor, General Motors, GM, Rivian, Ford, Volkswagen, Magna International, Federal Locations: China
AdvertisementNow, he said, it's changing fast, driven by Lithuania's burgeoning tech startup scene. Tech Zity, an ambitious project a short walk from Cyber City, could help to turbocharge Lithuania's tech scene. Tech Zity is set to become Europe's biggest tech campus. Like Cyber City, Tech Zity is being developed on the site of a Soviet-era factory. Tech Zity, on the site of a Soviet-era sewing factory, is under construction, and it is set to become Europe's biggest tech campus.
Persons: , Joshua Nelken, Marijus, Vinted, Briedis, that's, Valdas Benkuskas, it's, Kipras Krasauskas, Krasauskas, gesturing Organizations: Service, Vilnius Old Town, Business, Cyber, Nord Security, Nord Security's, Security's, Soviet Union, Vilnius, BI, Tech, Kilo Health Locations: Vilnius Old, Soviet, Lithuania, Vilnius, Silicon Valley, Baltics, Central, Eastern Europe, Lithuanian, Berlin, London, Amsterdam, Cyber, Cyber City, European, City, Soviet Union
Harris leads Trump 52% to 40% among these likely voters younger than 35. Where female likely voters younger than 35 prefer Harris over Trump, 53% to 39%, male likely voters are closely divided. And among registered voters, young women are 15 points likelier than men to express a positive view of Harris. The CNN Poll was conducted by SSRS online and by telephone September 19-22, 2024, among 2,074 registered voters nationwide drawn from a probability-based panel. Likely voters include all registered voters in the poll weighted for their predicted likelihood of voting in this year’s election.
Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, Biden, There’s, Young Trump, Obama, Trump, Trump’s, they’ve, Young, aren’t, Young Harris, CNN’s Jennifer Agiesta, Edward Wu Organizations: CNN, SSRS, Trump, Democratic, Quinnipiac University, Harvard Institute of Politics, Young, GOP, Young Republican, Republican, Democratic Party, Republicans, White, Trump voters
CNN —The United States is working urgently on a plan to mediate a ceasefire between Israel and Hezbollah, according to three sources familiar with the matter, as officials eye with deepening concern the prospects of a widening conflict. The efforts come as Israel’s top general said Wednesday that the Israeli military is preparing for a possible ground incursion into Lebanon. Israel’s Prime Minister Benjamin Netanyahu has given the green light for his government to engage with the US efforts, an Israeli official told CNN. Amos Hochstein, a senior White House adviser, is involved, the source said, adding that the Americans are not talking to Hezbollah directly. Because while there’s a very legitimate issue here, we don’t think that war is the solution,” he told NBC News.
Persons: Benjamin Netanyahu, Netanyahu, Amos Hochstein, Joe Biden, , Antony Blinken Organizations: CNN, Israel’s, White House, United Nations General, UN Security, West Bank, NBC News Locations: United States, Israel, France, Gaza, Lebanon, New York
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