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— CNBC's Jennifer Elias - 6 Jennifer Elias - 4 Michael Bloom - 2 he's - 2 It's - 2 Sundar Pichai - 2 Ruth Porat - 2 Sherman - 1
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Search resuls for: "CNBC's Jennifer Elias"


19 mentions found


☆ Alphabet shares slide 6% following DOJ push for Google to divest Chrome
  + stars: | 2024-11-21 | by ( Cj Haddad | ) www.cnbc.com   time to read: +1 min
Alphabet shares slid 6% Thursday, following news that the Department of Justice is calling for Google to divest its Chrome browser to put an end to its search monopoly. The proposed break-up would, according to the DOJ in its Wednesday filing, "permanently stop Google's control of this critical search access point and allow rival search engines the ability to access the browser that for many users is a gateway to the internet." This development is the latest in a years-long, bipartisan antitrust case that found in an August ruling that the search giant held an illegal monopoly in both search and text advertising, violating Section 2 of the Sherman Act. The potential break-up would include preventing Google from entering into exclusionary agreements with competitors like Apple and Samsung, part of a set of remedies that would last 10 years. CNBC's Jennifer Elias contributed to this report.
Persons: Sherman, CNBC's Jennifer Elias Organizations: Department of Justice, Google, DOJ, Apple, Samsung
☆ What the Google break-up threat means for Alphabet's stock
  + stars: | 2024-10-09 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com   time to read: +3 min
The Justice Department's proposals included "behavioral and structural remedies" that would prevent Google from using its products against its rivals. GOOGL YTD mountain Google shares in 2024 Overall, Alphabet shares likely won't change much on the DOJ's initial framework in the short term, according to JPMorgan. The myriad of potential outcomes for Google means there isn't much near-term clarity for the stock. Indeed, Alphabet shares are up 15% in 2024, versus S & P 500's 21% gain. The bigger catalyst for Alphabet shares is the company's opportunity to further reduce its headcount and save on costs, analyst Thomas Champion wrote in a Sept. 30 research note.
Persons: Doug Anmuth, Anmuth, JPMorgan's Anmuth, Craig Moffett, Moffett, Piper Sandler, Thomas Champion, — CNBC's Jennifer Elias, Michael Bloom Organizations: Justice, Google, DOJ, JPMorgan, Meta Locations: U.S
☆ Waymo to add Hyundai EVs to robotaxi fleet under new multiyear deal
  + stars: | 2024-10-04 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker's Ioniq 5 electric vehicle to its robotaxi fleet. Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker's Ioniq 5 electric vehicle to its robotaxi fleet. Waymo, which boasts around 700 vehicles in its fleet today, operates the only commercial robotaxi service in the U.S., Waymo One. They are expected to become available to Waymo One robotaxi riders in the years to follow, the companies said. Hyundai said the Waymo partnership "doesn't influence" Motional.
Persons: Waymo, robotaxi, José Muñoz, Muñoz, Hyundai, — CNBC's Jennifer Elias Organizations: Hyundai, Chrysler, Hyundai Motor North America Locations: Korean, U.S, Georgia
☆ Nvidia vs. Alphabet: Fund manager reveals which to hold, and which to sell
  + stars: | 2024-09-18 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com   time to read: +4 min
Google-parent Alphabet has long been an investor favorite among tech stocks, but one portfolio manager says he's now steering clear. Shares in Alphabet are up around 13% year-to-date and trade around 20.6 times forward earnings, according to FactSet data. 'Core investments' Beyond Alphabet, Cvetanovski remains bullish on other tech stocks, naming Nvidia , Vertiv , ASML , Taiwan Semiconductor Manufacturing Co and Schneider Electric as his "core investments." Nvidia is trading at over 41 times forward earnings, according to FactSet data. Analysts' average price target is $149.49, giving it 28% potential upside, FactSet data shows.
Persons: he's, We've, SearchGPT, Jordan, OpenAI, Cvetanovski, we've, — CNBC's Jennifer Elias Organizations: Google, Microsoft, Pella Funds, Apple, Nvidia, Taiwan Semiconductor Manufacturing Co, Schneider Electric Locations: Sydney, Pella, Cvetanovski, ASML
☆ What Google's decision to keep cookies means for the internet
  + stars: | 2024-07-23 | by ( Ryan Browne | ) www.cnbc.com   time to read: +7 min
In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNTGoogle announced in a surprise move that it would reverse its years-long plan to phase out third-party cookies. The U.S. internet giant said late Monday it is reversing a long-planned move to ditch third-party cookies — the critical text files that track users' web activity for advertisers. And what does Google's decision mean for how you interact with the web moving forward — or, for that matter the advertising industry? Roughly 40.9% of websites globally use cookies to gather data on users, according to data from W3Techs, a web technology research firm. This issue forms the main reason why Google has now decided to terminate its planned depreciation of third-party cookies.
Persons: Daniel Acker, Matthew Holman, Cripps, it's, Google's, Steve Silvers, there's, Silvers, Authority —, Vasiliki, Makou, Jennifer Elias Organizations: Google, Bloomberg, Getty, CNBC, Competition, Authority, ICO, Data Locations: U.S, W3Techs, Europe, London
☆ Laid-off techies face 'sense of impending doom' with job cuts at highest since dot-com crash
  + stars: | 2024-03-15 | by ( Alex Koller | ) www.cnbc.com   time to read: +12 min
Last month's job cut count was the highest of any February since 2009, when the financial crisis forced companies into cash preservation mode. CNBC spoke to a dozen people who have been laid off from tech jobs in the past year or so about their experiences navigating the labor market. Additionally, some listings required applicants to have advanced degrees or professional experience in machine learning and artificial intelligence, a new development in Croisant's experience on the job market. "It is a combination of how well you brand yourself, about your access through networking to any given position — to the hidden job market." Still, Powers said she's trying to stay optimistic, "because giving up is not going to get me a job."
Persons: Ed Jones, Allison Croisant, Croisant, Roger Lee, Layoffs.fyi, Lee, I'm, Powers, who's, Tayfun, Christopher Fong, Fong, Michael Kascsak, Kascsak, It's, Lee of Layoffs.fyi, Amit Mittal, Amit Mittal Amit Mittal, Mittal, he's, Bill Vezey, —, Vezey, She's, would've, she's, Jennifer Elias Organizations: Afp, Getty, PayPal, Meta, Microsoft, eBay, Unity Software, SAP, Cisco, Wall, CNBC, Google, Anadolu Agency, Nationwide Locations: New York, Omaha , Nebraska, Comprehensive.io, Natchez , Mississippi, View , California, United States, Austin , Texas, U.S, who's, India, Chicago, Santa Cruz , California
☆ Snowflake says Frank Slootman is retiring as CEO; stock plunges more than 20%
  + stars: | 2024-02-28 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +3 min
Frank Slootman, CEO of Snowflake, on the day of the company's initial public offering on Sept. 16, 2020. Snowflake said Wednesday that billionaire CEO Frank Slootman, who joined the cloud software company in 2019 and took it public the following year, is retiring and will be replaced by former Google ad chief Sridhar Ramaswamy. Slootman, 65, previously led software vendor ServiceNow into the public markets and before that led Data Domain. Operating losses for the fourth quarter were $275.5 million, up from $239.8 million during the fourth quarter of the previous year. As of Feb. 9, Slootman owned 10.6 million Snowflake shares, according to a regulatory filing.
Persons: Frank Slootman, Snowflake, Sridhar Ramaswamy, Slootman, Ramaswamy, Sridhar, Bob Muglia, Muglia, — CNBC's Jennifer Elias, Jordan Novet Organizations: Google, Data, New York Stock Exchange, Microsoft Locations: Snowflake, Neeva, Wednesday's
☆ Alphabet set to report fourth-quarter earnings after the bell
  + stars: | 2024-01-30 | by ( Ari Levy | ) www.cnbc.com   time to read: +4 min
Alphabet is scheduled to report fourth-quarter earnings Tuesday after the market closes. Revenue: $85.33 billion, according to LSEG. $85.33 billion, according to LSEG. $8.94 billion, according to StreetAccount. Between 2015 and the end of 2021, revenue growth reached at least 15% in all but three quarters.
Persons: Sundar Pichai, Pichai, — CNBC's Jennifer Elias Organizations: Allen, Co . Media, Technology Conference, Google, Microsoft, Meta, YouTube, Amazon Web Services, KeyBanc, Markets, Tech, Apple Locations: Sun Valley , Idaho
☆ Alphabet's stock is having its worst day in a year after cloud revenue missed estimates
  + stars: | 2023-10-25 | by ( Jake Piazza | In | ) www.cnbc.com   time to read: +2 min
Alphabet shares fell the most in a year on Wednesday after revenue in the company's Google Cloud unit trailed analyst estimates. Its cloud miss was a stark contrast to Microsoft's earnings, which showed accelerating growth in the company's Intelligent Cloud business. Google posted cloud revenue of $8.41 billion, compared to Street Account estimates of $8.64 billion. "The disappointment at Google Cloud contrasted with better-than-expected Azure growth at Microsoft," UBS analysts said. Jefferies analysts noted Google Cloud grew 22%, slower than the 28% growth the company posted in the second quarter.
Persons: It's, Ruth Porat, MSFT, Jefferies, Jennifer Elias, Michael Bloom Organizations: Google, Microsoft, UBS, CNBC
☆ Alphabet shares jump on beat and strong cloud growth
  + stars: | 2023-07-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +1 min
Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next '19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. Shares of Alphabet rose nearly 5.5% at the start of trading Wednesday, driven by stronger-than-expected second-quarter earnings and marked year-over-year growth in cloud computing revenue. But it was strong growth in cloud computing that stood out the most, with the company reporting $8.03 billion in Google Cloud sales, compared to a StreetAccount consensus of $7.87 billion. Google Cloud competes with Amazon Web Services and Microsoft Azure. The company also announced Wednesday that chief financial officer Ruth Porat would assume a newly created president and chief investment officer position.
Persons: Sundar Pichai, Goldman Sachs, Eric Sheridan, Ruth Porat, Porat, — CNBC's Jennifer Elias Organizations: Google LLC, Google, Revenue, Amazon Web Services, Microsoft, Wall Street Locations: San Francisco , California, U.S
☆ Google announces in-person attendance will be considered in performance reviews
  + stars: | 2023-06-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle announces in-person attendance will be considered in performance reviewsCNBC's Jennifer Elias joins 'Power Lunch' to discuss corporations cracking down on return to office policies, using badges to monitor employee attendance, and employee response to tightening attendance policies.
Persons: Jennifer Elias Organizations: Google
☆ Morgan Stanley's favorite stocks to play the $6 trillion A.I. internet opportunity
  + stars: | 2023-03-03 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
The boom in artificial intelligence is just beginning, with a more than $5.9 trillion AI revenue opportunity ahead across the internet industry, according to Morgan Stanley. Alphabet already has about 50% upside to Morgan Stanley's price target and could see another 12% driven by AI. The company has nearly 65% upside to Morgan Stanley's price target and another nearly 9% upside driven by AI. Advertising technology company The Trade Desk has 5.5% upside to Morgan Stanley's price target and another 21.4% AI-driven upside. Lastly, Shutterstock has 13.2% upside to Morgan Stanley's price target and the largest AI-driven upside, at 38%.
☆ Google announces desk-sharing plan for employees following layoffs
  + stars: | 2023-02-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle announces desk-sharing plan for employees following layoffsCNBC's Jennifer Elias and John Fortt join 'Power Lunch' to discuss Google cutting back on space as it continues to invest in cloud-growth, the acquisition environment for tech and Google's shift towards enterprise.
☆ Google employees bash company after Bard debacle
  + stars: | 2023-02-10 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle employees bash company after Bard debacleCNBC's Jennifer Elias joins 'Closing Bell' to report on the disquiet inside Google after the company botched the Bard rollout.
☆ Alphabet shares fall 7% following Google's A.I. event
  + stars: | 2023-02-08 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +3 min
During the event Wednesday, which was livestreamed from Paris, Google executives discussed some of Bard's capabilities. Shares of Alphabet slid during the event, suggesting that investors were hoping for more in light of growing competition from Microsoft. Google's event took place just one day after Microsoft hosted its own AI event at its headquarters in Redmond, Washington. Microsoft's event centered around new AI-powered updates to the company's Bing search engine and Edge browser. Though Microsoft's latest AI investments increase the pressure on Google search, some analysts say it will take time for Microsoft to see any significant gains.
☆ Microsoft announces new AI-powered Bing homepage
  + stars: | 2023-02-07 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft announces new AI-powered Bing homepageCNBC's Jennifer Elias, Kate Rooney and Dominic Chu join 'The Exchange' to report on the highlights from Microsoft's artificial intelligence event.
☆ Alphabet falls after disappointing earnings that analysts say could signal bad news for Meta
  + stars: | 2022-10-26 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +2 min
Revenue growth slowed to 6% from 41% a year earlier as the company contends with a continued downdraft in online ad spending. Analysts were expecting an increase of about 3% in YouTube ad revenue, but it slid about 2% to $7.07 billion from $7.21 billion a year ago. Raymond James analysts also maintained their outperform rating, citing expectations for long-term ad revenue growth and Google Cloud momentum. Alphabet's report marks an ominous start to Big Tech earnings week for investors focused on the digital ad market, and analysts at Needham said it is likely bad news for Meta . Meta is scheduled to report earnings after the bell Wednesday.
☆ Crypto winter is hurting Google's ad empire
  + stars: | 2022-10-25 | by ( Ari Levy | ) www.cnbc.com   time to read: +2 min
A cryptocurrency price crash and the onset of a new so-called "crypto winter" has left many companies in the industry facing a liquidity crisis. Google's overall ad growth of 6% in the quarter was the weakest for any period since 2013, other than one quarter at the beginning of the pandemic. CEO Sundar Pichai said the "challenging macro climate" is having an impact on Google's ad business. Schindler referenced the crypto pullback twice, but he didn't provide any additional color or specifics. Additionally, Coinbase will move data-related applications to Google's cloud infrastructure from Amazon Web Services, which the company has relied on for years.
☆ Meta cuts shuttle services as more employees opt to work from home
  + stars: | 2022-10-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta cuts shuttle services as more employees opt to work from homeCNBC's Jennifer Elias joins 'TechCheck' to report on Meta cutting costs with cuts to its shuttle program as more employees opt to work from home, the impact of these cuts on the local economy and the importance of community buy-in for tech.
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