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REUTERS/Ken CedenoThe Department of Justice is calling for Google to divest its Chrome browser, following a ruling in August that the company holds a monopoly in the search market. Chrome, which Google launched in 2008, provides the search giant with data it then uses for targeting ads. Additionally, the DOJ said that Google be prevented from entering into exclusionary agreements with third parties like Apple and Samsung. The DOJ also said that remedies should prevent Google from eliminating "emerging competitive threats through acquisitions, minority investments, or partnerships." In August, a federal judge ruled that Google holds a monopoly in the search market.
Persons: Jonathan Kanter, General Merrick Garland, Lisa O, Ken Cedeno, Sherman Organizations: Live Nation Entertainment, Monaco, Department of Justice, REUTERS, Department, Justice, Google, Chrome, DOJ, Apple, Samsung, Microsoft, Android Locations: Washington , U.S
Alphabet-owned Waymo is removing the waitlist for its self-driving service in Los Angeles, marking its largest expansion yet. With more than 3.8 million people, LA marks the third and largest city where the company’s robotaxi service is now fully available. “Now is an exciting time to welcome everyone in Los Angeles along for the ride,” Tekedra Mawakana, co-CEO of Waymo, said in a news release Tuesday. Waymo closed a $5.6 billion funding round in October to expand its robotaxi service across the U.S. Waymo in September announced that it partnered with Uber to launch its robotaxi service in Austin, Texas, in 2025.
Persons: Tekedra Mawakana, , Waymo, Andreessen Horowitz, Perry, Rowe Price, That’s, Uber, ” Waymo Organizations: U.S, Google, Fidelity, Tiger Global, Hyundai Locations: Los Angeles, LA, Los Angeles County, San Francisco, Phoenix, Waymo, Silver, Austin , Texas, Korean
Alphabet -owned Waymo is removing the waitlist for its self-driving service in Los Angeles, marking its largest expansion yet. With more than 3.8 million people, LA marks the third and largest city where the company's robotaxi service is now fully available. "Now is an exciting time to welcome everyone in Los Angeles along for the ride," Tekedra Mawakana, co-CEO of Waymo, said in a news release Tuesday. Waymo closed a $5.6 billion funding round in October to expand its robotaxi service across the U.S. Waymo in September announced that it partnered with Uber to launch its robotaxi service in Austin, Texas, in 2025.
Persons: Waymo, Andreessen Horowitz, Perry, Rowe Price, That's, Uber Organizations: U.S, Google, Fidelity, Tiger Global, Hyundai Locations: Los Angeles, LA, Los Angeles County, San Francisco, Phoenix, Waymo, Silver, Austin , Texas, Korean
Google has been moderating and removing employees' internal election-related conversations, CNBC has learned. Despite the warnings, employees continued posting memes related to the election and criticizing the company's policies on Tuesday. The most recent leadership guidance shows the company is taking expanded action to temper internal political discussions. That includes through the company's Google Search, Google News and YouTube services. Google briefly shut down an internal message board this March after employees posted comments about the company's Nimbus contract.
Persons: Sundar Pichai, Pichai, Donald Trump Organizations: Google, CNBC, Tuesday's, Monday, YouTube, Republican, Amazon, U.S . National Labor Board Locations: Tuesday's U.S, U.S
"While Democrats continue to interfere in our election and dismantle election safeguards, we are protecting the vote for all Americans." The Trump campaign declined to comment for this story, referring BI to Zunk's statement. Harris' campaign referred BI to a previous interview with a campaign spokesperson discussing litigation strategy. AdvertisementDemocrats, they say, have already intervened in "dozens of baseless Republican lawsuits to debunk their lies and defeat them in court." Advertisement"The Republican litigation strategy doesn't seem to follow any particular rules, but really is an attempt to throw anything against the wall and see if anything sticks," he said.
Persons: Trump, , Donald Trump, Kamala Harris, John Hardin Young, Sandler Reiff Lamb, Young, Harris, Claire Zunk, Dana Remus, Joe Biden's, Monica Guardiola, Marc Elias, Patrick T, Fallon, Sophia Lin Lakin, Lakin, graf, Jason Torchinsky, Holtzman Vogel, Torchinsky, Elias, It's Organizations: Republicans, Democrats, Service, Republican, Democratic, Trump, Republican National Committee, RNC, Trump Republicans, Business, White, Democratic National, District of Columbia, Stanford, MIT, American Bar Association, Getty, Appeals, American Civil Liberties Union, The ACLU Locations: Washington, Georgia, Pennsylvania, Michigan, North Carolina
Alphabet executives, donning Halloween costumes, faced questions from concerned employees at an all-hands meeting on Wednesday, following comments on the company's earnings call suggesting that more cost cuts are coming. "There is a reality to it," said Brian Ong, vice president of Google recruiting, according to a recording of the meeting reviewed by CNBC. Ashkenazi said one of her key priorities in the new role would be to make more cuts as Google expands its spending on artificial intelligence infrastructure in 2025. Google has been restructuring its workforce to move more quickly in the AI arms race, where it faces increased competition. Within Google, employees have expressed concern that the company is preparing for more layoffs, possibly after the end of the year, according to internal correspondence viewed by CNBC.
Persons: Brian Ong, Ong, Anat Ashkenazi, Ruth Porat, Jeff Dean, Ashkenazi, Reggie Miller, Sundar Pichai, That's Organizations: Google, CNBC, Indiana Pacers, Amazon Locations: Silicon Valley
CNBC Daily Open: Everyone loves Reddit
  + stars: | 2024-10-30 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Jakub Porzycki | Nurphoto | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. It's not too surprising, then, that the companies behind those services – Snap , Reddit and Alphabet – reported third-quarter results that beat Wall Street's expectations. While Snap and Reddit didn't report their advertising top line specifically, there were indications both companies are also doing well in that area. Note: CNBC Daily Open will be on a break Thursday, Oct. 31, for the public holiday in Singapore.
Persons: Jakub Porzycki, Evan Spiegel, That's, Reddit, It's, Microsoft isn't, Meta, — CNBC's Julia Boorstin, Jonathan Vanian, Jennifer Elias Organizations: SNAP, Nurphoto, CNBC, Microsoft, Meta Locations: Singapore
CNBC Daily Open: Everyone gave Reddit an upvote
  + stars: | 2024-10-30 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. It's not too surprising, then, that the companies behind those services – Snap , Reddit and Alphabet – reported third-quarter results that beat Wall Street's expectations. It's Meta's and Microsoft's turn to report earnings later today. Note: CNBC Daily Open will be on a break Thursday, Oct. 31, for the public holiday in Singapore.
Persons: Rachel Reeves, Reddit, Evan Spiegel, That's, It's, Microsoft isn't, Meta, — CNBC's Julia Boorstin, Jonathan Vanian, Jennifer Elias Organizations: New York Stock Exchange, Inc, CNBC, Finance, Google, Microsoft, Meta Locations: Singapore
For nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley. "But I think any organization can always push a little further and I'll be looking at additional opportunities." During the Q&A portion of the call, Evercore ISI's Mark Mahaney asked, "As you're coming in looking at this fresh, is it clear to you there are a lot of newfound cost efficiencies or ongoing cost efficiencies?" The new CFO said one way Google can find additional efficiencies is by using AI "within our own processes and how we get work done." WATCH: Google search benefiting from generative AI
Persons: Ruth Porat, Porat's, Anat Ashkenazi, Sundar Pichai, Ruth, Sundar, Ashkenazi, Eli Lilly, Porat, There's, Pichai, Askenazi, Evercore, Mark Mahaney Organizations: Google, Tuesday Locations: Silicon Valley
Alphabet to report Q3 earnings after the bell
  + stars: | 2024-10-29 | by ( Jennifer Elias | ) www.cnbc.com   time to read: +3 min
Google parent Alphabet is set to report its third-quarter earnings Tuesday after the market closes. During the quarter, the company also faced the advancement of several antitrust lawsuits related to its search and ads business. That would include Google's search position agreements with Apple's iPhone as well as Samsung devices. With the slow-moving legal process, the company is still likely years away from being forced to make any changes to businesses. In August, the company announced its new Android software update and its latest line of Pixel smartphones that utilize Google's Gemini AI assistant.
Persons: Sundar Pichai, Emily Chang, StreetAccount, Prabhakar Raghavan, Nick Fox, Demis Organizations: APEC, Summit, Moscone Center West, Google, TAC, DOJ, Samsung, Gemini Locations: San Francisco, U.S
And the legal challenges could continue for weeks or months to come. The legal team also relies on a team of advisers, including longtime Biden lawyer Bob Bauer, who advises on litigation strategy and voter protection, and former US Solicitors General Don Verrilli and Seth Waxman. In addition, the Harris legal team is supported by a “field counsel” program that coordinates with local firms in each state that can provide specialized knowledge about election law and procedures in each jurisdiction. Sources close to the Trump legal team say they have not only focused on recruiting legal firepower but on identifying viable legal challenges. “What we have to do is protect every voter and every vote, which is what we’re doing,” said Remus, of the Harris legal team.
Persons: Donald Trump’s, Gineen Bresso, David Warrington, Trump, , , Dana Remus, Joe Biden, Kamala Harris, ” Remus, Remus, Barack Obama’s, Obama, Marc Elias, , Bob Bauer, Don Verrilli, Seth Waxman, Harris, ” Bresso, ” Mike Davis, They’ve, ‘ We’ve, We’ve, we’ve, “ Trump, Davis, ” CNN’s Casey Gannon Organizations: CNN, Republican, Warrington, GOP, Republican National Committee, White, Democratic, Trump, Biden, US, Republicans, RNC, Commission, Capitol Locations: Washington, DC, North Carolina, Georgia, Florida
As Election Day approaches, former President Donald Trump has increasingly been warning that if he loses, it will be because of cheating. That’s all they want to do is cheat,” Trump said of Democrats during a rally this month in Juneau, Wisconsin. “They’re actually using it to cheat,” Trump said on the Los Angeles radio station KFI AM 640 on Oct. 8. “They have early voting, late voting, everything is so ridiculous,” Trump said onstage in Palm Beach, Florida, in July. And that’s what we’re striving for.”But Trump has also spoken favorably of early voting, usually in more choreographed settings.
Persons: Donald Trump, “ They’re, ” Trump, , We’re, Michael Whatley, they’re, Trump, we’re, we’ll, “ We’re, ” Harris, , I’d, it’s, Sid Rosenberg, Marc Elias, Joe Biden —, Jesus, Phil McGraw, Trump’s, Sen, JD Vance, Elon Musk, ” Musk, Vance, ” Vance, Michael, Whatley, Hurricane Helene, Harris Organizations: Republican National, Democratic, NBC, Trump, NBC News, United States Capitol, Milwaukee Journal Sentinel, Los, KFI, , RNC, Biden, Republican Locations: Juneau , Wisconsin, Greenville , North Carolina, Prairie du Chien , Wisconsin, , Los Angeles, California, Ohio, Butler , Pennsylvania, Swannanoa , North Carolina, Palm Beach , Florida, Florida, North Carolina
The 2020 campaign may have also suffered from a lack of imagination about how big the turnout would be and what Democrats were doing in the courts to expand the vote, a Trump campaign adviser said. Other familiar names from 2020 election lawsuits have been spotted this year too. One is Karen DiSalvo, who after the 2020 election helped force an audit in Lycoming County, Pennsylvania. The RNC and Trump campaign have focused what they call their election integrity effort on 18 states including the key swing states. An RNC lawsuit in Michigan challenging voter registration procedures is one of the cases the firm has worked on.
Persons: WASHINGTON, Donald Trump’s, Alex Kaufman, Trump, Brad Raffensperger, Julie Adams, , Sophia Lin Lakin, , Rudy Giuliani, John Eastman, Sidney Powell —, Joe Biden’s, Kaufman, Cleta Mitchell, Mitchell, ensnared Giuliani, Powell, Jenna Ellis, Kenneth Chesebro, Karen DiSalvo, Erick Kaardal, Kurt Olsen, Biden, Bruce Castor, Michael van der Veen, Christina Bobb, Biden’s, Gineen Bresso, ” Gates, Michael Whatley, Rick Hasen, Consovoy McCarthy, Jones, Don McGahn, Dhillon, Harmeet Dhillon, David Warrington, ” Marc Elias, Harris, Lakin Organizations: Republican, Georgia, Fulton County, Registration, Republican National Committee, RNC, American Civil Liberties Union, Raffensperger, Eastman, DeKalb County Republican Party, Dominion, Supreme, Trump, United Sovereign Americans, Fulton County Republican Party, Republicans, UCLA School of Law, NBC, Dhillon, Federal, Commission, U.S, Circuit, White, Capitol Locations: Georgia, Atlanta, Fulton, Pennsylvania, Lycoming County , Pennsylvania, DeKalb County, Texas, Arizona, Michigan, North Carolina, Mississippi
10:47 a.m.Adkins took photos of Mendoza, who died in the flood, walking across the parking lot. Adkins also shots a video of the parking lot, saying: “We have no power at work. I mean, it’s flooded.”Zinnia Adkins took a picture of Bertha Mendoza walking across the parking lot before 11 a.m. Zinnia Adkins10:50a.m. He saw high water levels on the road and people still in the Impact Plastics parking lot, he said. Michael Dorsey11 a.m.-11:30 a.m.Rangek and another colleague decided to leave Impact Plastics since she had not heard any news or instructions from management, she said.
Persons: Adkins, Mendoza, ” Zinnia Adkins, Bertha Mendoza, Zinnia Adkins, Alexa, , Peterson’s, “ Power, , Fred Hudgins, Hudgins, Gerald O’Connor, Hernandez, ” Hernandez, Corona, Monica Hernandez, Corona's, Dorsey, Michael Dorsey's, Michael Dorsey, a.m, Water, Peterson, “ I’m, ” Adkins, can’t, it’s, Clarissa, Bertha, ” Mendoza, Emanuel, ” Dorsey, , ahold, Brianna Paciorka, Jarvis, I’m, Tenn, Saul Young, Elías, Guillermo Organizations: Impact Plastics, Plastics, Corona, NBC News, NBC, Impact, Nuclear Fuel Services, Erwin Police, NWS, Erwin, Hernandez, WSMV, National Guard, Sentinel, USA, News Sentinel, Network, Reuters, U.S Locations: Hudgins, Nashville, Mendoza, Erwin, Mexico, U.S
Google is replacing Prabhakar Raghavan, the company's search and ads boss, with longtime Google executive Nick Fox. Raghavan will continue to report to Pichai in the new role, the company told CNBC in a statement. The company is also dealing with several antitrust lawsuits related to its search and ads business. He will be leading Google's Knowledge and Information division, which includes the company's search, ads and commerce products, Pichai said. He previously worked within the company's ads business unit.
Persons: Prabhakar Raghavan, Nick Fox, Sundar Pichai, Raghavan, Prabhakar, Pichai, Fox, Nick, Demis Organizations: Google, CNBC, Fox
ENGLEWOOD, Fla. — Sand is piled up to the first floor of most homes on Manasota Key, a sliver of land off Florida’s west coast, where devastation is widespread. The community, about 30 miles south of where Hurricane Milton made landfall Wednesday, sits across a bay from Englewood, between Fort Myers and Sarasota. Scenes of devastation in Manasota Key, Fla., on Sunday after Hurricane Milton made landfall nearby. The rooms at the Sea Oats Beach Club in Manasota Key are filled with upward of 3 feet of sand. More than 750,000 Floridians are still without power five days after Milton made landfall, according to PowerOutage.us.
Persons: Milton, Hurricane Milton, Natalie Obregon, Kris Hleuka, , Hleuka, Ian, I’m, Brenda Kreuger, Hleuka's, Pam Hager, ” Jay Hager, I’ve, They’re, Helene, Ben Bailey, Bailey, John Elias, Charlotte County, Joe Biden Organizations: NBC News, Charlotte, Hurricane, NBC, Residents, Englewood ., Oats Beach Club, Oats Beach Locations: ENGLEWOOD, Fla, Englewood, Fort Myers, Sarasota, Manasota Key, Florida, Englewood . Jay, Manasota, Charlotte County, St . Petersburg
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere are the 3 key themes driving a stronger U.S. Dollar right now: StrategistElias Haddad of Brown Brothers Harriman says the strength in U.S. economy, rising geopolitical tensions and risk-on sentiment in market given a dovish Fed and China stimulus will support the U.S. dollar.
Persons: Elias Haddad, Brown, Harriman Organizations: U.S . Locations: China
CNN —The Los Angeles Dodgers sealed their spot in the National League Championship Series (NLCS) for the first time since 2021 as they clinched a 2-0 victory against the San Diego Padres to complete their series win. Harry How/Getty Images“Well, it’s the best we’ve seen him,” Padres manager Mike Shildt said, per MLB.com. They played a major role in the Dodgers’ Game 5 victory too, combining in the last four innings to complete the shutout. Enrique Hernández and Teoscar Hernández both hit home runs to seal the Dodgers’ victory. And then in terms of velo today, I think my mechanics were locked in.”The NLCS Game 1 is scheduled for Sunday at Dodger Stadium.
Persons: Yoshinobu Yamamoto, Harry, , Mike Shildt, , Yamamoto, Enrique Hernández, Teoscar, ” Yamamoto, Yoshihiro Sonoda Organizations: CNN, Los Angeles Dodgers, National League, San Diego Padres, Dodgers, New York Mets, Elias Sports Bureau, ” Padres, Dodgers ’, Dodger Locations: velo
DOJ's 'monopoly suit' crackdown of Google
  + stars: | 2024-10-09 | 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 EmailDOJ's 'monopoly suit' crackdown of GoogleCNBC’s Eamon Javers and Jennifer Elias, join 'Power Lunch' to discuss the DOJ’s Google crackdown.
Persons: Eamon Javers, Jennifer Elias Organizations: Google
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ considers breakup of Google as remedy to guilty antitrust verdictCNNBC's Jennifer Elias reports on the latest news from Google.
Persons: Jennifer Elias Organizations: DOJ, Google
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. economy is more robust than what people are saying, Compass Diversified CEO saysElias Sabo, the CEO of Compass Diversified, discusses the U.S. economy and consumer demand.
Persons: Elias Sabo Organizations: U.S, Compass
REUTERS/Ken CedenoThe U.S. Department of Justice late Tuesday made recommendations for Google's search engine business practices, indicating that it was considering a possible breakup of the tech giant as an antitrust remedy. The DOJ also said it was "considering behavioral and structural remedies that would prevent Google from using products such as Chrome, Play, and Android to advantage Google search and Google search-related products and features — including emerging search access points and features, such as artificial intelligence — over rivals or new entrants." Kent Walker, Google's president of global affairs, said the company plans to appeal the ruling and highlighted the court's emphasis on the high quality of Google's search products, which the judge also noted in his ruling. In the second quarter, "Google Search & Other" accounted for $48.5 billion in revenue, or 57% of Alphabet's total revenue. The company holds 90% of search market share.
Persons: Jonathan Kanter, General Merrick Garland, Lisa O, Ken Cedeno, Sherman, Kent Walker, Judge Mehta Organizations: Live Nation Entertainment, Monaco, Department of Justice, REUTERS, U.S . Department of Justice, DOJ, Google, Apple, & $ Locations: Washington , U.S, U.S
The 56-year-old grandmother was one of 11 Tennessee plastics plant workers swept away by Hurricane Helene’s deadly floodwaters after they tried to leave the facility. Impact Plastics has forcefully denied those claims, saying late Thursday the allegations are false, and no employee was stopped from leaving. Supervisors “did not prohibit its employees from leaving” and “did not threaten anyone with discharge from employment,” Impact Plastics said. The agency, who is working with TBI to investigate, hadn’t yet received a fatality report from Impact Plastics as of Wednesday evening. Now Jarvis just has one question for Impact Plastics: “Why’d you make us work that day?
Persons: Elías Ibarra Mendoza, , ” Ibarra Mendoza, Bertha Mendoza’s, Mendoza, Francesco Guerrero, Guadalupe Hernandez, Saul Young, Hurricane Helene –, Helene, Supervisors “, Greg Coleman, CNN’s, Kaitlin Collins ”, ” Coleman, “ We’ve, let’s, ” Gerald O’Connor, WCYB, Jacob Ingram, Hurricane Helene, Ingram, WVLT, , Water, O’Connor, TOSHA, Bertha, Guillermo Mendoza, “ That’s, “ We’re, ” Guillermo Mendoza, we’re, Monica Hernandez, Elizabeth Ramirez, Robert Jarvis, Jarvis, , texted, Erwin, ” Jarvis Organizations: CNN, Univision, Hurricane, Plastics, Associated Press, Impact Plastics, News Sentinel, USA, Tennessee Bureau of Investigation, Tennessee Occupational Safety, Health Administration, Supervisors, WVLT, Impact Plastics Inc, National Weather Service, “ Employees, Senior, O’Connor, Employers, Emergency Management Agency, National Guard Locations: Tennessee, Erwin, Erwin , Tennessee, Florida, Southern, Hurricane, , Mendoza
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
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