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Three of 11 Reddit execs BI spoke to (from left to right): Roxy Young, Laura Nestler, and Serkan Piantino. Joined Reddit in 2022. Advertisement"There are always going to be individuals that say, 'Reddit is not what it used to be.' Joined Reddit in 2021. — Jesse Rose, 38, head of investor relations, Massachusetts, Joined Reddit in 2021.
Persons: Reddit, they've, Emily Stewart, Roxy Young, Laura Nestler, Serkan, it's, David Trencher, execs, David, Michelle Lozzi, — Monica Benson, Jesse Rose, — Nicole Heard, — Benson, Sam Hughes, Harry Potter, — Hughes, they're, Alia Chikhdene, I'm Organizations: Reddit, EMEA & Australia, New York Stock Exchange, London, Coffee Locations: New York City, London, Reddit, Seattle, North America, San Francisco, Los Angeles, Massachusetts, San, Paris, Manila, Sweden, Germany, Spain
Then, in the early 2010s, ransomware hackers turned to crypto as a method of payment. Later, more prominent examples of ransomware attacks that selected crypto as the ransom payment method of choice included the likes of WannaCry and Petya. But Lee doesn't think AI poses as severe a ransomware risk as many would think. "There's a lot of hypothesis about AI being very good for social engineering," Lee told CNBC. "Outside of RaaS providers and those leveraging stolen or procured toolchains, credentials and system access have proven to be effective," Jake King, security lead at internet search firm Elastic, told CNBC.
Persons: Seksan, , ransomware, Martin Lee, wasn't, Joseph Popp, Lee, CryptoLocker, What's, Mike Beck, Darktrace, CNBC's, Beck, Lee doesn't, Jake King Organizations: Cisco, CNBC, Harvard, Cybersecurity Ventures Locations: Panama, United States, Lee
If Google's 2024 could be neatly summed up, it would be: AI, AI, AI. Left: Amit ZaveryAdvertisementGoogle Cloud VP and head of platform Amit Zavery left the company in October to become COO of ServiceNow. As Google's search lead, Raghavan had also overseen ads, maps, commerce, and Google's voice assistant — responsibilities now falling to Nick Fox, who was elevated to the role. Raghavan joined Google in 2012 and worked on the company's ads business before taking on Search in 2020. Fox, a longtime executive who joined Google in 2003, has worked on products including Google Fi and Assistant.
Persons: shuffles, Elon Musk, Anat Ashkenazi, Eli Lilly, Ruth Porat, Ashkenazi, Noam Shazeer, Shazeer, Daniel De Freitas, Prakash, Shailesh Prakash, Axel Springer, Matt Brittin, Eoin Noonan, Brittin, Debbie Weinstein, Adaire Fox, Martin, Equinix, Bob Frati, Amit Zavery, Zavery, Prabhakar Raghavan, Raghavan, Nick Fox, Sundar Pichai, Nick Fox Nick Fox, Nick, OLI SCARFF, Weinstein, Aparna Pappu, Jerry Dischler Organizations: Google, Europe, Anat, Anat Ashkenazi Google, Washington Post, Google News, Business, Google EMEA, Getty Images, Ireland, VP, Oracle, LinkedIn, Google's, Fox, Google Fi, OLI, Getty, BI Locations: Europe, Middle East, Africa, Pichai, AFP
Economic growth in Europe isn't expected to charge ahead any time soon, with the European Central Bank last week cutting its growth forecast for 2025 to 1.1%. As investors and economists attempt to decipher what's next for the region, here are five key things they're watching as they weigh Europe's prospects for 2025. In a note to clients at the end of November, analysts at Bank of America declared 2025 "the year the [ECB's] policy rate goes below 2%." watch now"On a two-to-three-year view, Europe's going to have some good times," Watling told CNBC's "Squawk Box Europe" earlier this month. Greek economic growth, meanwhile, is expected to come in at 2.1% in 2024 and 2.3% in 2025.
Persons: Casa, Alexander Spatari, Europe's, Christine Lagarde, Kallum Pickering, Peel Hunt, CNBC's, Pickering, Sylvain Broyer, Broyer, , Chris Watling, Watling, Donald Trump's, Janet Mui, it's, Trump, Michel Barnier, Olaf Scholz, David Roche Organizations: European Central Bank, Bank of America, European Commission, CNBC, Longview, OECD, Trump, Citi, RBC Brewin, French, Quantum Locations: NYC, Madrid, Spain, Europe, Portugal, Italy, Ireland, Greece, U.S, China, Germany, France
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are seeing continuous improvement through the use of machine learning, Solvay CEO saysJean-Marc Ollagnier, chairman of EMEA at Accenture, and Solvay CEO Philippe Kehren discuss the interplay between AI and decarbonization.
Persons: Jean, Marc Ollagnier, Philippe Kehren Organizations: Solvay, Accenture
Widely used materials, such as polyester and ethylene vinyl acetate (EVA), can take a long time to break down. From there, they partnered with a machine manufacturing company, Heilig Group, which helped bring their shoe recycling factory FastFeetGrinded to life. Those materials are then shredded into small pieces, before being separated out by type, and then refined into recycled materials ready for reuse. Making shoes from shoesA shoe made of fully recycled FastFeetGrinded material has yet to hit the market, but brands are making strides to reuse materials. FastFeetGrinded is the brand’s largest footwear recycling partner in Europe; it takes Asics factory floor rejects, as well as used shoes returned in stores.
Persons: , Danny Pormes, Erna, who’s, Yuly Fuentes, Fuentes, Medel, ‘ it’s, Deborah Rowland, Pormes, FastFeetGrinded, ” Fuentes, Mendel, FastFeedGrinded, Asics, Romy Miltenberg, Miltenberg, ” Miltenberg, it’s, Erna Pormes, ” Pormes Organizations: CNN, MIT, Heilig, repurposing, Adidas, EMEA, “ Companies, CNN Consumers Locations: Netherlands, Europe, Asics
AdvertisementJob seekers may face 'love-bombing' from hiring managers during interviews. If a hiring manager is excessively complimenting you and telling you you're the top candidate during an interview, you may be being "love-bombed." Many job seekers complain of inconsistent behavior from hiring managers, CNBC reported, being flattered and praised one minute and ghosted the next. "They may overhype your chances to keep you interested," Barber said. It may not always be a scheme, though, and some recruiters and hiring managers may be love-bombing without realizing it.
Persons: Renee Barber, Barber, they're, Janine Chidlow, Wilson, Chidlow, Amanda Fischer, Fischer, they've Organizations: CNBC, TYR Talent Solutions, AMF, Consulting, BI
Mikkel Berg Pedersen | Ritzau Scanpix | Afp via Getty ImagesGeopolitical tensions are brewing globally over the cutting of subsea cables — critical infrastructure powering cross-border internet connectivity — in the Baltic Sea. Zoom In Icon Arrows pointing outwards A data visualization map showing the C-Lion1 undersea cable which connected Finland and Germany. Arelion, the company which owns it, told CNBC data traffic was rerouted to alternative links as it worked to repair the cable. Repairing subsea cables is no mean feat, according to Andy Champagne, senior vice president and chief technology officer of Akamai Labs. And, when there is an issue with a subsea cable, repairing it is a non-trivial job."
Persons: Mikkel Berg Pedersen, Ritzau Scanpix, it's, Andy Champagne, Martin Lee, Lee, Elina Valtonen, CNBC's, Valtonen Organizations: Afp, Getty, CNBC, Cinia, BCS, West, Telia, Akamai Labs, Cisco Locations: Baltic, Finland, Sweden, Ukraine, Russia, Germany, Finnish, Central Europe, Lithuania, West Interlink, Telia Lithuania, China, London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKemp: We see opportunities in smaller U.S. companies and value-oriented firms. Dan Kemp, Chief Investment Officer of EMEA at Morningstar, highlights 2025 opportunities in smaller U.S. companies, value stocks, Europe, the UK, and emerging markets. He recommends treasuries for downside protection and notes the U.S. market is expensive, suggesting a focus on smaller and mid-sized companies.
Persons: Kemp, Dan Kemp Organizations: Morningstar Locations: Europe
The apparel company issued strong holiday guidance on Tuesday after posting its sixth straight quarter of double-digit sales growth and another quarter of results that topped expectations. For the all-important holiday shopping quarter, Abercrombie is expecting sales growth of 5% to 7%, ahead of the 4.8% growth that analysts had expected, according to LSEG. That new outlook is higher than the 12.1% growth analysts had expected, according to LSEG. The Abercrombie and Hollister brands posted comparable sales growth of 11% and 21%, respectively. Horowitz noted the strong performances lapped growth of 26% for Abercrombie and 7% for Hollister last year.
Persons: Fitch isn't, Mike Jeffries, Abercrombie, Fran Horowitz, Horowitz, Hollister, it's, It's, Donald Trump's, , bullishness Organizations: Abercrombie, Fitch, LSEG, NFL, Hollister, Black, Dick's Locations: Manhattan, New York City, Americas
Global debt is a 'looming risk,' says Mike O'Sullivan
  + stars: | 2024-11-18 | 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 EmailGlobal debt is a 'looming risk,' says Mike O'SullivanMike O'Sullivan, author and former chief investment officer for Credit Suisse UK & EMEA, joins CNBC to discuss markets and the global economy.
Persons: Mike O'Sullivan Mike O'Sullivan Organizations: Credit Suisse UK, EMEA, CNBC
AdvertisementUsers and brands, like former CNN anchor Don Lemon and The Guardian, have been leaving X.Gordon MacMillan, ex-head of content strategy at Twitter, says Bluesky is most like the old Twitter. This as-told-to essay is based on a conversation with Gordon MacMillan, who was previously the head of content strategy at Twitter. Bluesky feels familiar to Twitter usersBluesky, I think, is the most like the old Twitter and feels more familiar than Threads, which doesn't have Twitter-style lists and can be hard to organize content on. They have tweaked Threads and made improvements, but Bluesky feels more familiar, even beyond the use of the color blue. It feels like BlueSky and Threads have a much better environment.
Persons: Don Lemon, Gordon MacMillan, Bluesky, Elon Musk, Donald Trump, Musk, X, it's, Jack Dorsey, BlueSky, Mark Zuckerberg Organizations: CNN, Guardian, Twitter, Facebook, Elon, Trump, Business Locations: Israel
Sovereign AI is "more driven by the industry naming it that, than it is from the policymakers' side," Gow said. On Wednesday, Denmark laid out a landmark white paper outlining how companies can use AI in compliance with the incoming EU AI Act — the world's first major AI law. How regulation fueled a mindset shiftThat's not to say regulations haven't proven an important factor in getting tech giants to think more about building localized AI infrastructure within Europe. The concept of AI sovereignty is also getting buy-in from local European tech firms. Orange hasn't yet selected a partner for these sovereign AI model ambitions.
Persons: Dado Ruvic, Chris Gow, Anthropic's Claude, Filippo Sanesi, Sanesi, hasn't, , Cisco's Gow, Rather, " Gow, Gow, It's, David Hogan, Hogan, OVHCloud's Sanesi, Qwant, Bruno Zerbib, Zerbib Organizations: Reuters, Portugal — Tech, CNBC, Data, of Justice, EU, General Data Protection, U.S, Sovereign, Nvidia, Orange Locations: Reuters LISBON, Portugal, Brussels, U.S, Europe, OVHCloud, Italy, Italia, Denmark, Berlin, Paris, French
A landmark decision from outdoor clothing brand Patagonia to dedicate its profits to fight the climate crisis didn't surprise its employees — but that's not to say the process has been stress-free. The move, which made headlines for being a novel marriage of capitalism and charity, prompted some to question whether the transformation would encourage others to follow suit. "They didn't want to sell the company because at the end of the day, yes, they could take the profits out but then it is a one-off situation," Hajikhanian said. "What it was really all about was to create a new way of capitalism, you know, to turn capitalism upside down and inspire other businesses to do things differently — and it felt like a real natural step," she added. "It may have been a really big moment, but for us, it was quite normal."
Persons: Yvon Chouinard, Nina Hajikhanian, Hajikhanian Organizations: Patagonia EMEA, CNBC Locations: Patagonia
LULU has demonstrated resilience, driven by strong financial controls, international expansion, and continued product innovation. With strong growth, LULU has positioned itself as a market leader, capturing increasing market share in North America while expanding into high-growth areas like APAC and EMEA. LULU has shed over 50% of its value earlier this year and just recently completed a bottoming formation below $270. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: Lululemon Athletica, LULU Organizations: CNBC, NBC UNIVERSAL Locations: North America, OptionsPlay
The company operates through three segments: Self Care, Skin Health and Beauty, and Essential Health. Self Care product categories include pain care; cough cold allergy; and "other self care." The Skin Health and Beauty segment's product categories include face and body care and hair, sun and others. Skin Health and Beauty has been proven to be a marketing business whose growth can be greatly aided by social media. Kenvue has a solid business with iconic brands and one underperforming segment in Skin Health and Beauty.
Persons: Russell, Johnson, Kenvue, Michael CeraVe, Ken Squire Organizations: Skin, Health, Self, pharma, Colgate, Palmolive, Haleon, Kenvue, Essential Health, L'Oreal, Beauty, Skin Health, Management, 13D Locations: North America, Asia, Europe, Middle East, Africa, America, CY19, CeraVe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRate cuts isn't really a situation where ECB needs to rush, strategist saysGuillaume Menuet, EMEA head of investment strategy and economics at Citi Wealth, weighs in on the European Central Bank's future path for interest rates.
Persons: Guillaume Menuet Organizations: Citi Wealth, Central
Ken Griffin's market maker, Citadel Securities, is revamping its core trading infrastructure. AdvertisementIn 2023, Citadel Securities COO of technology, Jeff Maurone, was meeting with senior leaders to discuss technology priorities for the year. I almost look at it as the stretching of business," Woods told Business Insider. Building Citadel Securities' trading infrastructure of the futureIn the last few years, Citadel Securities pushed into credit trading, expanded its rates franchise, and introduced an institutional options offering. Maurone's team supports Citadel Securities' technology organization, and he manages a team of 15 people.
Persons: Ken Griffin's, Josh Woods, Jeff Maurone, , Maurone, Woods, Matt Culek, Peng Zhao, Jim Esposito Organizations: Citadel Securities, Service, Securities, McKinsey, Deloitte, COOs, Citadel Securities Each Locations: Asia Pacific, EMEA, COOs —, New York, Jeff's
The EU's NIS 2 cybersecurity directive sets a high benchmark for companies over their internal cybersecurity systems and practices. On Thursday, the new directive officially became enforceable by member states. However, most EU member states have yet to implement NIS 2 in their own respective national laws, meaning that enforcement is likely to be spotty. NIS 2 — or the Network and Information Security Directive 2 — is an EU directive that aims to increase the security of IT systems and networks across the bloc. Fladgate's Wright said that effectiveness of NIS 2 as a regulation will largely depend on consistent implementation and enforcement across EU member states.
Persons: Andrew Brookes, Bulgaria — haven't, Tim Wright, Fladgate's Wright, Chris Gow, Gow, Carl Leonard, Leonard Organizations: Getty, NIS, Research Federation, CNBC, and Information, EU, General Data Locations: Portugal, Bulgaria, EU
Head of LinkedIn MENA discusses new sentiment survey
  + stars: | 2024-10-04 | 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 EmailHead of LinkedIn MENA discusses new sentiment surveyAli Matar, head of LinkedIn MENA and EMEA growth markets, discusses how professionals in the UAE, Saudi Arabia and globally are navigating workplace changes.
Persons: Ali Matar Organizations: LinkedIn Locations: UAE, Saudi Arabia
Dangerous times for the oil market, oil analyst says
  + stars: | 2024-10-02 | 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 EmailDangerous times for the oil market, oil analyst saysAndy Critchlow, EMEA head of news at S&P Global Commodity Insights, discusses the recent fluctuations in global oil prices due to the ongoing tensions in the Middle East.
Persons: Andy Critchlow Organizations: P, Commodity
As investors ponder how — and where — to invest in this uncertain climate, CNBC Pro asked market experts how they are positioning before the year-end. 'Capitalize on the shifting market dynamics' The fourth quarter is starting hot on the heels of central banks' rate easing cycle. "There is an interesting valuation point about U.K. equities, and given recent positive economic surprises that present potential upsides, we feel this is an attractive market." "International investors owning U.K. equities and not hedging the currency, either win on the currency strength gains or win on the equity market." Other markets Beyond the U.K., Hechler-Fayd'herbe sees potential in emerging markets such as Taiwan and South Korea.
Persons: Kevin Teng, Teng, , Europe —, he's, Morgan Stanley, Lombard, Nannette Organizations: Equity, CSI, Treasury, Wrise Private Singapore, CNBC Pro, U.S . Federal Reserve, People's Bank of China, Nvidia, Nasdaq, EMEA, CNBC, Bank of England, International Locations: Asia, East, Europe, Hong Kong, China, U.S, Swiss, Taiwan, South Korea
Jakub Porzycki | NurPhoto | Getty ImagesSwedish firm Klarna is partnering up with Dutch payments fintech Adyen to bring its popular buy now, pay later service into physical retail stores. Klarna will be included as an option across more than 450,000 Adyen payment terminals in brick-and-mortar locations as a result of the deal, according to the companies. Klarna's buy now, pay later, or BNPL, service allows users to spread the cost of their purchases over a period of interest-free installments. Earlier this year, Klarna sold Klarna Checkout, the company's online checkout solution for merchants. The recently elected U.K. Labour government is expected to set out plans for buy now, pay later regulation soon.
Persons: Jakub Porzycki, Klarna, David Sykes, Alexa von Bismarck, Adyen, Sebastian Siemiatkowski, BNPL, Tulip Siddiq Organizations: NurPhoto, Getty, Klarna, Adyen, EMEA, Alexa, CNBC, Labour, Conservative Locations: Amsterdam, Europe, North America, Australia, Swedish
Read previewSo far, the generative AI race has been about who can build the most powerful models. Almost two years later, there are so many powerful AI models out there, it's no longer that special. Advertisement'Important but not critical'AWS CEO Matt Garman appears to be fine not having a fancy, home-grown AI model. "It'll be important but not critical," Garman said when asked about the importance of offering a top-performing first-party AI model. AGI teamThis doesn't mean Amazon has given up on building its own powerful AI model.
Persons: , Claude, Meta's, Matt Murphy, Anthropic, Murphy, ChatGPT, Patrick Neighorn, Amazon's, Andy Jassy, Matt Garman, Garman, Matt McIlwain, Brent Thill, Jefferies, Thill Organizations: Service, Google, Business, Microsoft, OpenAI, Gemini, Menlo Ventures, AWS, Intuit, Toyota, New York Stock Exchange, BI, Asia, Madrona Venture Group, Amazon Locations: Europe, Middle East, Africa, Asia Pacific, Japan, North America
Read previewKate Jhaveri, TikTok's head of global marketing, is leaving the company this month as part of a leadership shake-up, according to an internal memo shared with staffers. "Together, we decided the best way to achieve this vision is to remove the head of global marketing role, and bring everyone within Global Brand & Comms under one leader." Its former VP of global communications, Hilary McQuaide, exited the company that same month, the executive posted on LinkedIn. Together, we decided the best way to achieve this vision is to remove the head of global marketing role, and bring everyone within Global Brand & Comms under one leader, aligning our work and goals toward one comprehensive vision. AdvertisementFinally, we are also making a change to our social media team to enable a more scalable model for Global Brand & Comms.
Persons: , Kate Jhaveri, Zenia Mucha, Mucha, Jhaveri, Zuber Mohammed, Hilary McQuaide, ByteDance, Kate, Dexter Fedor, Manish Gupta, Alistair Lennie, Zuber, Alastair Boyle, Jordan Guo, Carol Baracat, Helen Lawrence, Erin Fors Organizations: Service, Global, Business, Disney, NBA, LinkedIn, CSR, AMS, EMEA, Global Brand Locations: Beijing
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