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☆ Stock futures are little changed, Nvidia shares slip after earnings report: Live updates
▼ + stars: | 2024-11-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are near flat Wednesday night as investors parsed the all-important earnings release from artificial intelligence darling Nvidia . Investors kept a close eye on after-the-bell earnings from Nvidia, the chipmaker that has dazzled Wall Street for more than a year as a key AI beneficiary. While the company beat expectations for the third quarter and issued strong guidance, shares shed more than 1%. On the other hand, Snowflake jumped more than 19% after the data analytics software company beat expectations for the third quarter. That action follows a mixed day on Wall Street, with the S&P 500 ending near flat.

Persons: University's, Snowflake, Dow, Beth Hammack, Austan Goolsbee, Jeff Schmid Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Investors, Dow, University's Stern School of Business, Traders, Cleveland Federal, Chicago Fed, Kansas City, Intuit Locations: New York City, New

The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021. Snowflake shares on Wednesday spiked 19% in extended trading after the data analytics software maker reported fiscal third-quarter earnings that beat estimates. Product revenue, at $900.3 million, represented around 96% of total revenue. Snowflake called for $3.43 billion in fiscal 2025 product revenue, implying 29% growth. Snowflake had 10,618 customers at the end of October, having added 369 in the fiscal third quarter.

Persons: Snowflake, StreetAccount, Snowflake's, we've, Jefferies Brent Thill Organizations: New York Stock Exchange, Anthropic

☆ Why 'Real Housewives' maker Bravo is the only cable TV network that Comcast doesn't want to get rid of
▼ + stars: | 2024-11-20 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

AdvertisementComcast is looking to separate from most of its cable networks. Comcast wasn't bluffing about unloading its steadily declining cable TV networks. Related Video Why MassMutual is all in on the Boston Red Sox, according to CMO Jennifer HalloranNotably, Comcast's NBCUniversal isn't biding all of its cable networks adieu, however. However, Moffett said that the spun-off networks likely make more sense with Comcast than on their own. AdvertisementWhatever the fate of the spinoff, Comcast clearly sees the value of Bravo's scripted content, compared to the more challenged TV news business.

Persons: Jennifer Halloran, Comcast's, Bravo, Peacock, Brandon Katz, Katz, Nielsen, Michael Hodel, Craig Moffett, MoffettNathanson, Moffett, Rich Greenfield, Brian Wieser, Wieser Organizations: Comcast, Bravo, Boston Red Sox, NBC, Syfy, USA Network, Morningstar, NBA, Lightshed Partners, Madison, Investors Locations: Wall

But planning ahead to take advantage of them is getting harder, and that’s largely thanks to Amazon. NBC News’ Holiday Price Check is tracking the online prices of five gift items, each in a popular product category, to determine when the best deals hit. Already, it’s clear that Amazon is often setting the pace. Target, for example, has narrowed the online price gap with Amazon in key product categories since last year, Profitero found. But for retailers, the race for shoppers’ holiday dollars is increasingly a discounting competition.

Persons: “, Trae Bodge, ”, Profitero, Vivek Pandya, upmanship, Janelle Rasey, “ We’ll, Donald Trump, Jack Kleinhenz, you’re, it’s, It’s, ” Pandya Organizations: Amazon . NBC, Amazon, Walmart, Amazon Prime, Amazon’s, AirPods, NBC News, House, NBC, Retail, National Retail Federation, “ Locations: Seattle

☆ The double threat of new Trump tariffs, wave of port strikes is coming for the supply chain in early 2025
▼ + stars: | 2024-11-19 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Uncertainty among U.S. shippers is escalating into 2025 with the expectation of new Trump tariffs and the possibility of a new ports strike that could begin in mid-January. The earliest new tariffs could be in effect is in late February or early March, according to an alert from C.H. Travel time for ocean freight from China to the East Coast and Gulf Coast ports is 40-55 days. He added that making these types of decisions has become part of the typical uncertainty that the supply chain needs to be prepared to face. "I was running a high-tech manufacturing operation before I took this job and we did manufacturing through China," Rhodes said.

Persons: Honour Lane Shipping, Robinson, USMX, Corey Rhodes, Rhodes Organizations: Trump, CNBC, Honour Lane, ILA, United States Maritime Alliance, Whirlpool, AB InBev, Danone Locations: Asia, Southern California, New England, Texas, China, East Coast, Gulf Coast

☆ Goldman warns these defense stocks could take a hit from Trump spending cuts
▼ + stars: | 2024-11-19 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Shares of some aerospace and defense companies could fall under added pressure from President-elect Donald Trump's reduced government spending plans. Goldman is forecasting that the U.S. defense budget will soon flatten out and then decline, partly given that it's at an all-time high and that current geopolitical conflicts could potentially be met with a resolution. "Defense spending cycles up and down over time, and can be vulnerable to efforts to reduce total government spending." Poponak noted that although Trump has expressed broad support for the U.S. military and Department of Defense, any cost-cutting effort could still be a blow for the national defense budget. "Lower defense spending would flow to government IT to some degree.

Persons: Donald Trump's, Goldman, Government Effiency, wouldn't, Noah Poponak, Poponak, Trump, Lockheed Martin, Northrop, Huntington Ingalls, Booz Allen Hamilton Organizations: Government, Department of Defense, DoD, U.S ., Lockheed, Northrop Grumman, L3Harris Technologies, Huntington Ingalls Industries, Northrop, Leidos Holdings, U.S . Aerospace & Defense, Invesco Aerospace & Defense Locations: U.S

☆ How Spirit Airlines’ bankruptcy could affect travelers
▼ + stars: | 2024-11-19 | by ( Alexandra Skores | ) edition.cnn.com time to read: +4 min

CNN —If you planned on traveling aboard Spirit Airlines for the holidays, which filed for bankruptcy Monday, you shouldn’t worry. Multiple US airlines have undergone bankruptcies over the years, including United Airlines in 2002, Delta Air Lines in 2005 and American Airlines in 2011. That same low fare model pushed competitors at legacy airlines to offer options for basic economy tickets, tickets that compare to Spirit’s prices but come with restrictions. She said the stigma of bankruptcy may impact Spirit going forward with travelers uncertain of its future. For now, travelers shouldn’t stress as the airline begins to navigate bankruptcy, as it seems like a pretty standard bankruptcy filing, according to Foss.

Persons: Zach Griff, Guy, “, ” Griff, I’m, ”, Ted Christie, Griff, Sarah Foss, Debtwire, Foss, ” Foss Organizations: CNN, Spirit Airlines, United Airlines, Delta Air Lines, American Airlines, Frontier Airlines, JetBlue Airways, Frontier Locations: Frontier

☆ Democrats won 'highly engaged' voters and struggled with everyone else in 2024
▼ + stars: | 2024-11-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mark-Murray-Circle-Byline-Template.Jpg | Mark Murray | ) www.nbcnews.com time to read: +5 min

Vice President Kamala Harris and Democrats convinced frequent voters and highly engaged voters to stick with them in the 2024 presidential election. “One of the main takeaways from this cycle is that the Democratic Party has a lot of work to do on how we’re reaching voters,” Democratic strategist Christina Freundlich said. 'We simply stopped communicating to many voters'Democrats overperforming with highly engaged voters — but struggling with less-engaged voters — reflects America’s political realignment over the past decade, as Democrats have made gains among college-educated and more frequent voters, while Republicans have won over more working-class and less-frequent voters. Media consumption also underscores the political split between highly engaged voters and less-engaged ones. Schale, the Democratic strategist from Florida, argues that Democrats “simply stopped communicating” with huge swaths of voters.

Persons: Kamala Harris, Harris, Donald Trump, Trump, Christina Freundlich, “, Steve Schale, Barack Obama's, Joe Biden, Schale, Sen, John Fetterman, —, It’s, Jesse Ferguson, ”, ” Ferguson, Doug Heye, ” Heye, “ Harris Organizations: NBC, Democratic Party, Democratic, PAC, Democrats, Republicans, GOP, Media, TV, Google, Biden, Trump, Voters Locations: Florida, —

☆ 'Red One' made $34 million on a $250 million budget in its first weekend. That sounds bad — but Amazon MGM never planned to make its profit in theaters.
▼ + stars: | 2024-11-18 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

How it performs on Amazon Prime Video matters more. But media experts told Business Insider that Amazon MGM could still profit from "Red One" and likely won't view it as a failure. Amazon MGM hopes the theatrical release will generate buzz for the film before it lands on Amazon Prime Video, Variety reported on Sunday. Frank Masi / Frank Masi / Prime"Red One" was initially going to premiere on Amazon Prime Video, but Amazon MGM later pivoted to a theatrical release. And if audiences think "Red One" will come to Amazon Prime Video during Christmas, they may choose "Wicked," "Moana 2," and "Gladiator 2" instead.

Persons: Chris Evans, Dwayne Johnson, Lucy Liu, —, Bob Marley, Rob Mitchell, Variety, Matthias Frey, Johnson, Frey, Hivju, Callum, Frank Masi, Kevin Wilson, We're, that's, Jezz Vernon, Paul Mescal, Lucius, Aidan Monaghan, Paramount Pictures Mitchell Organizations: Amazon Prime, Pole, MGM, Gower, Analytics, Intelligence, Department of Media, Culture, Creative Industries, City , University of London, Variety, Netflix, Amazon MGM, University of Exeter, Paramount Pictures Locations: North America, London, UK

☆ Grocery prices are high. Trump’s mass deportations could make matters worse
▼ + stars: | 2024-11-18 | by ( Matt Egan | Maya Blackstone | ) edition.cnn.com time to read: +9 min

Soon, Trump’s ability to fix America’s affordability crisis will collide head-on with another, perhaps more prominent, campaign trail promise: Mass deportations. And perhaps no industry relies on undocumented workers more than the food and agriculture industries. “The only question is how high prices will go.”Zandi noted that food prices could also be pushed higher by another element of the Trump agenda: Massive tariffs. The Trump transition team did not respond to a request for comment about how mass deportations would impact food prices. The current immigration system does not allow for green cards for farm workers.

Persons: Donald Trump, Trump, you’re, ”, Chuck Conner, don’t, Conner, Fred Leitz, Leitz, Mark Zandi, “, ” Zandi, Trump’s, It’s, Rick Naerebout, that’s, Biden, Scott Bessent, ” Bessent, Axios, Trump “, David Paul Morris, Zeke Hernandez, “ It’s, Hernandez, Chloe East, Letiz, Naerebout, “ aren’t, ” Robert Lynch, Lynch, —, ” Naerebout Organizations: New, New York CNN, CNN, National Council of Farmer Cooperatives, US Department of Agriculture, Center for American Progress, Moody’s, Trump, United, Idaho Dairymen’s Association, Wall, Bloomberg, Getty, Wharton School, University of Pennsylvania, Immigration, University of Colorado Denver, The Hamilton, Brookings Institution, Washington College, American Locations: New York, United States, Michigan, Idaho, San Francisco, Brookings, Maryland

Federal prosecutors have accused Sean “Diddy” Combs of breaking jail rules in an attempt to manipulate witness testimony and taint the potential jury pool in his case, according to a court document filed Friday. His legal team is fighting the decision to keep Combs in federal custody and has requested a new bail hearing. Prosecutors filed an opposition to the motion in the Southern District of New York, accusing Combs of engaging in obstruction even while he sits behind bars. Jane Rosenberg / ReutersAccording to prosecutors, Combs has ordered payments to fellow inmates to use their telephone accounts and has used three-way calling to contact people who are not on his approved contacts list against federal prison regulations. Ventura settled with Combs a day after the lawsuit became public, and Combs denied all of the allegations in it.

Persons: Sean “ Diddy ” Combs, Combs, “, Jane Rosenberg, Diddy, ”, Casandra Ventura, Cassie, Ventura Organizations: Detention Center, Prosecutors, of, NBC News, ” Prosecutors, MDC, ”, Homeland Security Locations: Brooklyn’s, Southern, of New York, New York City, California , New York, Florida

“I don’t think that Black Twitter is going to exist within the next couple of years,” said Jonathan Johnson, a 29-year-old behavioral therapist in Houston and a longtime Twitter and X user. “Social media is only important because of the social part, and if you don’t have that, people aren’t going to use” the app. Like many others, Black users have been eyeing an exit from the app since 2022, but users told NBC News that this mass exodus feels more permanent. He criticized the functionality of the app and said it will suffer without a mass of Black users. “It feels like a very welcoming, safe space,” said Pariss Chandler, the organizer of Black Tech Twitter and the founder of the recruitment platform Black Tech Pipeline.

Persons: ”, Jonathan Johnson, Mike Brown’s, Donald Trump, “, Ashon Crawley, Johnson, ” Elon, Musk, “ I’m, ” Crawley, Emily Liu, ” Liu, Gabrielle Union, Don Lemon, Vivek Ramaswamy, ” Johnson, Pariss Chandler, Chandler, “ It’s, ” Chandler, they’re, Rudy Fraser, Fraser, “ there’s, Bluesky, Bluesky’s, Blacksky Organizations: Twitter, University of Virginia, NBC News, Bluesky, Meta, Republican, “ Department, Government, Black Tech Twitter, Black Tech Pipeline Locations: Houston, Similarweb, Bluesky, Los Angeles, Crawley, Still

☆ China renamed its homegrown regional airliner to better sell it abroad. Here's how it compares to its closest rival.
▼ + stars: | 2024-11-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

The C909's closest competitors in size and range are the Brazilian-made Embraer E190-E2 and E195-E2. China's state-owned planemaker, the Commercial Aircraft Corporation of China, better known as Comac, has rebranded its regional aircraft to better compete with Airbus, Boeing, and Embraer. AdvertisementEmbraer's larger planes can carry more peopleComac data shows the C909 seats five abreast and can carry 78 passengers in two classes (or up to 97 in a high-density configuration). The Embraer E190-E2 has a shorter range than its sister jet. For example, Virgin Australia agreed to buy eight E190-E2 aircraft in August.

Persons: Comac, Yin Liqin, it's, Chen Duo, Syme, Pratt, Whitney's, Grinsven, Canada's, Cirium Organizations: Airbus, Boeing, Embraer, Commercial Aircraft Corporation of China, Jets, China News Service, Getty, TransNusa, Getty Images China Southern Airlines, Airlines, Royal Jordanian Airlines, Canada's Porter Airlines, Comac, Reuters, Hainan Airlines, Porter Airlines, Colorful Guizhou Airlines, Virgin Australia Locations: Brazilian, China's, China, Europe, Guangzhou, Indonesian, Manado, Amman, Western Europe, Toronto, Los Angeles, Hainan, Zhuhai

☆ Sean ‘Diddy’ Combs accused of trying to influence witness testimony, jury pool from jail
▼ + stars: | 2024-11-16 | by ( Kara Scannell | David J. Lopez | ) edition.cnn.com time to read: +5 min

A review of recorded calls from the Metropolitan Detention Center revealed Combs used the telephone accounts of at least eight inmates to allegedly evade monitoring, prosecutors said. The new allegations were revealed in a court filing late Friday as federal prosecutors argue Combs should not be entitled to another bail hearing. A federal grand jury has been regularly convening in the continuing criminal investigation, CNN reported October 31, citing three sources. audience engagement — and explicitly discussed with his family how to ensure that the video had his desired effect on potential jury members in this case,” prosecutors said. Combs’ inability to follow the rules in federal custody suggests he wouldn’t abide by any bail conditions set by the judge, prosecutors said.

Persons: Sean “ Diddy ” Combs, Combs, ”, Arun Subramanian, they’ve, ” Combs, —, cosigned Organizations: CNN, Metropolitan Detention, MDC, Prosecutors Locations: Brooklyn, Subramanian

☆ Barnes & Noble is making a comeback
▼ + stars: | 2024-11-16 | by ( Erika Tulfo | ) edition.cnn.com time to read: +6 min

In a move that’s perhaps more symbolic than business-minded, Barnes & Noble, America’s largest retail bookseller, has reclaimed the flagship store it vacated in 2013. But Barnes & Noble would revamp its business model. “The problem with Barnes & Noble when I took it over was that the bookstores themselves weren’t very good,” Daunt told CNN. Foot traffic data for Barnes & Noble show that visits are up by 7% since 2019, according to location analytics company Placer.ai. Shannon DeVito, head of books at Barnes & Noble, says that beyond reigniting a love for reading, the BookTok trend has guided stores on what to stock.

Persons: Barnes, Noble, It’s, James Daunt, —, Barnes & Noble, ” Daunt, “, ”, we’d, influencers, Shannon DeVito, Kendra Keeter, Gray, it’s, Gray Barnes, ” DeVito, “ It’s, Harry Potter, we’ve, DeVito Organizations: CNN, Sales, Barnes &, Barnes, Amazon, Amazon Books, Kendra Locations: Washington, DC, Georgetown, Washington , DC, “, Barnes

☆ China is selling record numbers of cars in Russia
▼ + stars: | 2024-11-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Competition from European, Korean, and Japanese carmakers has vanished since Western sanctions were imposed on Russia. Chinese automakers face increasing tariffs in other regions. Chinese cars are selling at record levels in Russia, according to data from Russian analytics agency Autostat, reported by The Financial Times. AdvertisementIn the first nine months of 2024, Russia imported 849,951 vehicles from China, the FT reported, citing China Passenger Car Association data. The sales boom in Russia comes as Chinese automakers face rising obstacles in other regions.

Persons: carmakers, Ilya Frolov, didn't Organizations: The Financial Times, Chery, Geely, Russia, Lada, China Passenger Car Association, EU Locations: Russia, Moscow, Ukraine, Russian, China, Mexico, Brazil, Southeast Asia, Japan, Germany

☆ Why the C-suite is getting so big
▼ + stars: | 2024-11-15 | by ( Tim Paradis | ) www.businessinsider.com time to read: +8 min

Beyond the usual top jobs, some organizations now have chief experience officers, chief AI-ethics officers, and chief transformation officers. LinkedIn said in September that those were the fastest-growing C-suite roles on its platform from 2022 to 2023. Janet SherlockBut she said a lineup that includes a chief marketing officer, a chief information officer, and a chief customer-experience officer might indicate insufficient internal coordination. "Do I need a customer-experience officer whenever I have a chief commercial officer, a chief information officer, and a chief marketing officer?" Wiggins said that's why there's more pressure on C-suite leaders to act as a well-informed unit of experts rather than technical specialists.

Persons: Ram Charan, who's, Jason Saltzman, Charan, —, they're, Jensen Huang, Janet Sherlock, Ralph Lauren, Sherlock, Christine Porath, Porath, Dorie Clark, Clark, Ty Wiggins, Russell Reynolds, Wiggins, remits Organizations: Bank of America, Verizon, Technologies, Nvidia, Elon, Tesla, University of North, Chapel, Columbia Business School, Workers, Russell Reynolds Associates Locations: Huang's, University of North Carolina

Mortgage rates were forecast to go down in 2025. Expectations of higher inflation and more government debt under Trump have helped mortgage rates rise in recent weeks. Why mortgage rates rose ahead of the election — and are still high nowMortgage rates went down a lot in September, with 30-year rates dropping near 6%, according to Freddie Mac. How Trump's policies could lead to higher mortgage ratesZhao says that right now it's "nearly impossible" to predict where mortgage rates will go in 2025. More supply would help moderate home price growth, improving affordability even if mortgage rates remain high.

Persons: Donald Trump's, Trump's, —, Freddie Mac, they're, Chen Zhao, Melissa Cohn, Trump, Zhao, Kamala Harris, Cohn Organizations: Trump, Service, Bond, William, Mortgage, Analytics

☆ The app data has spoken, and Gen Z's love for Temu is real
▼ + stars: | 2024-11-15 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Temu was the most downloaded app by Gen Z in the US in the first 10 months of 2024. AdvertisementAmerica's Gen Z is really here for Temu. The Chinese online marketplace was the most downloaded app by Gen Zers in the first 10 months of the year. "Gen Z values a highly curated shopping experience that delivers both variety and convenience at accessible price points," Whaley said. Gloria Gan, a lifestyle analyst at the UK-based market research firm Mintel, said Temu is making inroads with Gen Z because of the generation's "tech-savviness and frequent online shopping habits."

Persons: Temu, Gen Z, —, Gen Zers, Zers, TikTok, Jim Whaley, Whaley, Gloria Gan, Gen, Gan Organizations: Service, PDD Holdings, Daxue Consulting, Business, Amazon Locations: China, York

☆ Stocks making the biggest moves midday: Palantir, Moderna, Ulta Beauty, Alibaba and more
▼ + stars: | 2024-11-15 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped nearly 9% and 5%, respectively. Ulta slipped nearly 3% after Berkshire Hathaway revealed in a regulatory filing that it had sold around 97% of its shares, nearly dissolving its position in the beauty retailer. Berkshire had just bought the stock in the second quarter, making Ulta a relatively new bet. However, the company beat expectations on both lines in the fourth fiscal quarter and issued positive guidance for adjusted earnings per share.

Persons: Donald Trump, Robert F, Kennedy Jr, Eli Lilly, Warren Buffett, Berkshire Hathaway, Ulta, — CNBC's Sean Conlon, Alex Harring, Jesse Pound, Hakyung Kim, Lisa Han Organizations: Global pharma, Moderna, Pfizer, GSK, Novo Nordisk, Nasdaq, Securities and Exchange Commission, Super, New York Stock Exchange, Corp, Berkshire, Pool Corp, AST, Materials, LSEG Locations: China, Domino's, Berkshire

If Kamala Harris' campaign was known for anything, it was its blockbuster fundraising. The overarching challenge at this point for what is left of Harris' campaign is that the financial picture is shrouded in mystery — even for those within the organization. What is even more unusual are the explosive clashes taking place in and around the Harris campaign universe. The requests have all been shut down and two Harris campaign officials told NBC News that the email list is not for sale. “We had some emails pre-scripted for a long fight,” a senior campaign official close to the strategy said.

Persons: Kamala Harris, it’s, aren’t, It’s Kamala, Harris, that’s, Donald Trump, Trump, “, Chris Korge, ”, Beyonce, Jennifer Lopez, Cardi, Bruce Springsteen, Mumford, Oprah Winfrey, Winfrey, Harris ’ Organizations: Democratic National Committee, NBC News, NBC, Trump, Harpo Studios, America, YouTube, Facebook Locations: Houston, Las Vegas, Milwaukee, Philadelphia, Madison

☆ A Singaporean AI startup is trying to disrupt the 100-year-old market research industry
▼ + stars: | 2024-11-14 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +5 min

Finding ways to attract consumers to buy packaged goods stretches back to the 1920s when American psychologist Daniel Starch created the world's first market research study. Founded in Singapore in 2018, the startup provides AI-powered market research with real-time predictive analytics. Rival firms include ZoomInfo Sales, Trajaan and Brandwatch Consumer Intelligence, all of which deploy a variety of technology to comb through consumer data and marketing trends. Somsubhra Gan Choudhuri, co-founder and CEO Ai Palette, said AI can take up much of the brain power usually done by people. Along with VC investors, Ai Palette has had the backing of the Singapore government, which is committing more than three quarters of a billion Singaporean dollars ($7,500,000) to AI development to strengthen its AI ecosystem.

Persons: Daniel, Ai, Gan Choudhuri, CNBC's, Choudhuri, Kellogg, Conor Delahunty, Vishal Harnal Organizations: ZoomInfo, Brandwatch Consumer Intelligence, CNBC Tech, Diageo, Nestlé, Pepsico, Symrise, Global, Venture Locations: Singapore, Thailand, Indonesia, Malaysia, Philippines

On the day after the election, Nov. 6, X experienced its largest user exodus since Elon Musk bought the platform in 2022. NBC News spoke to six people who have joined or committed to using Threads and Bluesky in place of X after the election because of Musk. In the past five days, Wurtz said people she used to follow on X have started to trickle over to Threads. “I have a private personal account for friends and family and a public account for Taylor Swift, so nobody drowns in my Taylor Swift content,” Polo said. Currently, X users can go to the site’s settings and opt out.

Persons: Elon Musk, Don Lemon, Donald Trump, Musk, Kara Wurtz, Louis, ” Wurtz, “, I’m, Wurtz, Wurtz isn’t, Adam Mosseri, Bluesky, ”, Mosseri, David Carr, X, Polo, Swifties, Taylor Swift, ” Polo, Elon, Rory Mir, ” Mir, José Vilson, “ I’m, ” Laura Sell, Sell, “ It’s, Micah Lee, Dr, Jorge Caballero, ” Caballero, it’s Organizations: Elon, Guardian, NBC, Trump, Twitter, NBC News, Bluesky, Electronic Frontier Foundation, Duke University Press Locations: Similarweb, United States, Canada, Bluesky

☆ Why Builders Are Renting Out New Houses Instead of Cutting Home Prices
▼ + stars: | 2024-11-13 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

Builders, meanwhile, are luring buyers with some perks but are barely budging on prices. That's partly because these companies have another place to turn: the rental market. Opportunistic investors — mostly small and midsize players, who own the vast majority of single-family rentals in the country — are happy to oblige. Builders have also started developing entire communities of single-family homes to be rented out rather than sold, a strategy known as build-for-rent. Their embrace of the rental market says more about the obstacles for buyers than for builders.

Persons: homebuilders, John Burns, Keith Hughes, —, Horton, Don Mullen, they've, Adam Stern, Sean Morgan, Alex Offutt, Ray Sturm, Sturm, Selma Hepp, It's Organizations: John Burns Research, Consulting, Builders, John, Houston, Owners, SFR, Sun, Dallas, Local, Business Purpose, Offutt Locations: Tampa , Florida, Carolinas, Nashville, Horton

☆ Team Meta? Team Alphabet? A noted tech analyst weighs in and so does Jim Cramer
▼ + stars: | 2024-11-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

While keeping buy ratings on both stocks, Nathanson raised his firm's price targets on Alphabet and Meta. In support of giving Alphabet the edge, he sees faster revenue growth from Meta but at a higher cost. For one, Meta has consistently delivered revenue and earnings ahead of consensus, rooted in stron advertising revenue from AI advancements. Bottom line Jim Cramer sees merit in MoffettNathanson's buy calls on Alphabet and Meta and believes it is just about "time to buy both" of these AI and advertising leaders. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: It's, Michael Nathanson —, Craig Moffett, —, underperformance, Nathanson, Jim Cramer, Trump Donald Trump's, Jim Cramer's, Jim, Mark Zuckerberg, Sundar Pichai Organizations: MoffettNathanson Research, Facebook, Meta, Reality Labs, Labs, Google, Tech, Trump, CNBC, REUTERS Locations: Meta

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