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☆ Nissan shares surge 22% after media reports on potential merger with Honda
▼ + stars: | 2024-12-18 | by ( Kevin Lim | ) www.cnbc.com time to read: +1 min

Makoto Uchida (L), president and CEO of Japanese auto maker Nissan, shakes hands with Toshihiro Mibe (R), director, president and representative executive officer of auto maker Honda, following a press conference in Tokyo on August 1, 2024. Nissan Motor shares surged Wednesday following a media report that the struggling Japanese automaker is looking to merge with Honda Motor , forming a bigger entity that can compete with larger rivals and invest more in the growing market for electric vehicles. Nissan shares were last trading up 22%, while Honda shares slipped 1.6%. Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding, according to a report in the Nikkei newspaper. "They [Nissan] really didn't have a leadership position in any one of the segments they competed in," he said.

Persons: Makoto Uchida, Toshihiro Mibe, Joe McCabe Organizations: Nissan, Honda, Nissan Motor, Nikkei, Mitsubishi Motors, AutoForecast, CNBC Wednesday, Renault Locations: Tokyo

☆ Japan's Honda and Nissan to reportedly begin merger talks
▼ + stars: | 2024-12-17 | by ( Michael Wayland | ) www.nbcnews.com time to read: +1 min

DETROIT — Japanese automakers Nissan Motor and Honda Motor reportedly plan to enter into negotiations for a merger to better compete in the rapidly changing global automotive industry, the Nikkei newspaper reported on Tuesday. Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding, according to the report. They also look to eventually bring Mitsubishi Motors, in which Nissan is the top shareholder with a 24% stake, under the holding company. “As announced in March of this year, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other’s strengths. Such a tie-up would be the largest automotive industry merger since Fiat Chrysler joined with France-based PSA Groupe to form Stellantis in January 2021.

Persons: “, ” Honda, Tesla Organizations: DETROIT, Nissan Motor, Honda, Nikkei, Nissan, Mitsubishi Motors, Fiat Chrysler, Groupe Locations: France, U.S

☆ French broadcaster Canal+ shares fall 13% in London listing after spinoff from Vivendi
▼ + stars: | 2024-12-16 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

In this photo illustration, the French premium television channel, studio and distributor, Canal+ (plus) logo is seen displayed on a smartphone. Paris-listed shares of Vivendi were meanwhile up 33.3% at 09:28 a.m. London time. Shares were trading around 252 British pence ($3.19) at 9:13 a.m. London time, down 13.1% from the open. Media holding company Vivendi's shareholders last week agreed to spin off Canal+, a pay TV and production company known for its live sports broadcasting and Studiocanal, which makes the Paddington film franchise. "[Canal+] used to be a very French-centric company, with approximately 9 million subscribers, and, in just 10 years, it has tripled its number of subscribers.

Persons: Maxime Saada, CNBC's, Saada, Havas, Yannick Bolloré Organizations: Vivendi, Media, Paddington, Louis Hachette Group Locations: Paris, London, France, Africa, Eastern Europe, Asia

☆ 10 business leaders who spearheaded industry-transforming change in 2024
▼ + stars: | 2024-12-16 | by ( Business Insider | ) www.businessinsider.com time to read: +33 min

Business Insider's annual list of people transforming business highlights these leaders who work in media, finance, technology, transportation, and labor. AdvertisementAmazon's entertainment offerings help keep people subscribing to Prime, the free-delivery service that includes Prime Video and other benefits. Prime Video captured just 3.7% of TV viewing in November, well behind Netflix (7.7%) and YouTube (10.8%), per Nielsen. Still, since most people don't pay for Prime Video as a stand-alone service, it doesn't have the churn problem that dogs other streamers. AdvertisementAmazon cut hundreds of jobs across Prime Video and MGM Studios teams early in 2024.

Persons: that's, Cathy Engelbert, Leon Sinclair, Mike Hopkins, Lisa Miller, Miller, Pete Stavros, KKR's, Stavros, Arthur Sadoun, Groupe Publicis Groupe Sadoun, Sadoun, Leo Burnett, Tony, Tiger, Publicis, Don Draper, quoi, Omnicom, telco Orange, Les Bleues, Caitlin Clark, Angel Reese, Engelbert, Rome wasn't, didn't, there's, Fei, Fei Li, World Labs Greg Sandoval, Li, Justin Johnson, Christoph Lassner, Ben Mildenhall, Andreessen Horowitz, Nvidia's, —, Jensen Huang, Nvidia Tom Williams, ChatGPT, Huang, OpenAI's, Chris Malachowsky, Curtis Priem, Morris Chang, Jensen, Lebaredian, it's Huang, Preqin Preqin Sinclair, Sinclair, Preqin, Marin Gjaja, Ford, Gjaja, Hopkins, it's, Morgan Stanley, Brian Williams, Jennifer Salke's, Nielsen, Varkey, Mayo, Ranjit Kapila, Sallie Mae, Kapila, Eaton Vance, Aperio, Envestnet, we've, Lazard Organizations: Amazon's, MGM Studios, KKR, Apollo, Groupe Publicis Groupe, Groupe, Saatchi & Saatchi, Publicis Conseil, Labour, Epsilon, Interpublic, French men's national, team, Cancer, WNBA, ESPN, Deloitte, NBA, Canadian, World Labs, Princeton, Labs, AMD Ventures, Stanford University's Institute for, Sequoia Capital, Stanford, Google, Nvidia, University of Oregon, AMD, Taiwan Semiconductor Manufacturing Company, Loughborough University, England's Department of Health, Intercontinental Exchange, New York Stock Exchange, IHS, P, BlackRock, Ford Model, Ford, Boston Consulting Group, MGM Studios Prime, Amazon MGM Studios, Hopkins, NFL, Amazon, Ampere, Netflix, NBC, Sony Pictures Television, Hulu, MGM, Starz, Apple, Bloomberg, Prime, YouTube, Video, Mayo Clinic Health, Mayo Clinic, Mayo, Health, University of Minnesota, Yale New, Yale New Haven Health Northeast Medical, Department of Medicine, Preventive, Nasdaq, Citadel, Northwestern University, Franklin, Industry, Fidelity Locations: Preqin, Hawaii, Publicis, Rome, Taiwan, Rugby, England, Amazon, Minnesota, Wisconsin, Mayo, Rochester , Minnesota, Mayo's Rochester, Yale New Haven, Rochester

☆ Activist Jana calls on Markel to focus on insurance. Here’s how the firm can help create value
▼ + stars: | 2024-12-14 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Business: Markel Group is a holding company comprised of different businesses and investments. Its segments include Specialty Insurance, Investing and Markel Ventures. The Markel Ventures segment consists of controlling interests in a diverse portfolio of businesses that operate in various industries. While fixing the core business is always the first step, even with an improved and efficient insurance business, Markel would still have a valuation overhang in the form of its Ventures business. Moreover, the last time Markel traded at 2.5 times book value was before it launched its Ventures business.

Persons: Jana, Barry Rosenstein, Rosenstein, Markel, Nephila, Ken Squire Organizations: Markel, Specialty Insurance, Markel Ventures, Insurance, Berkshire Hathaway, Dow Jones U.S . Property, Markel Corp, Ventures, Investments, Tokio Marine, Zurich Insurance, Arch, 13D Monitor, 13D Locations: Berkshire, Boston

☆ How many people work for the federal government?
▼ + stars: | 2024-12-14 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +10 min

Cut federal workers? The current effort, run by Ramaswamy and Musk, has made a show of eyeing the size of the federal workforce. Hold on a secIn those 40 years of explosive population, spending and debt growth, the size of the federal workforce – this is actually kind of shocking – has stayed pretty much the same, confounding the popular presumption that the number of federal workers must have skyrocketed with federal spending. In fact, the number of full-time federal workers has been relatively static, within a few hundred thousand civilians, since the 1960s. Bush administration and of the federal workforce by hundreds of thousands during the Clinton administration did not markedly change the size of the federal workforce, which has hovered within a few hundred thousand of 3 million workers for decades.

Persons: Vivek Ramaswamy, Donald Trump, Elon Musk, Ramaswamy, –, James Comer, CNN’s Pamela Brown, George H.W, Clinton, Peter Morrissey, ”, Jenny Mattingley, Elaine Kamarck, ” “, Musk, Biden, Comer, it’s, ” Comer, Brown, don’t, John DiIulio, Barack Obama, George W, Bush, DiIulio, ’, Volcker, Paul Light, ” Morrissey, Sen, Bernie Sanders Organizations: CNN, Government, Elon, Department of Government, Bureau of Labor Statistics, Management, Pentagon, Volcker Alliance, gov, Social Security, Republicans, Department of Education, Veterans Affairs, Partnership for Public Service, Center, Public Management, Brookings Institution, stoke, SpaceX Locations: Bush, Washington, DC, California , Texas , Colorado , Alabama, Vermont

☆ 17 creator-economy startups that raised big funding rounds this year, as investors chased AI and other buzzy areas
▼ + stars: | 2024-12-13 | by ( Sydney Bradley | Dan Whateley | ) www.businessinsider.com time to read: +8 min

AdvertisementIn 2024, 17 creator startups raised at least $10 million in new funding, totaling over $900 million. AdvertisementStartups that offer automated dubbing, AI editing, or generative AI features — such as Captions, ElevenLabs, and OpusClip — all raised hefty rounds this year. Here are 17 of those companies, listed in alphabetical order:AdvertisementAgentio, an ad platform streamlining creator-brand marketing on YouTube, raised a $12 million Series A. Influur, an influencer-marketing platform, closed a $10 million Series A in November, led by Point72 and HTwenty Capital. ShopMy, an affiliate and influencer-marketing company, raised an $18.5 million add-on to its Series A in March, closing the round at $26.5 million.

Persons: Ollie Forsyth, Levanta, Forsyth, Substack, Kleiner Perkins, cofounders Steven Galanis, Devon Townsend, Martin Blencowe, Jared Leto, A16z, Nat Friedman, Daniel Gross, Flip, Point72, Grant, Alexandra Botez, Emma Grede, Michael Ovitz, Lucy Guo, OnlyFans, Jon Oringer, Sean Rad, Slushy Organizations: Investor, YouTube, Benchmark, Craft, Lightspeed Venture Partners, New Enterprise Associates, Sapphire Ventures, Valor Siren Ventures, Endeavor Catalyst, Business, Index Ventures, Sequoia Capital, Adobe Ventures, HubSpot Ventures, Smash, SV Angel, HTwenty, Millennium, Horizons, Ventures, Samsung, Crossbeam Venture Partners, Mosaic Ventures, Sierra Ventures, RTP Global, Mayfield Fund, Revolution Ventures, Prime, Lab, VC, Electric Feel Ventures Locations: Sequoia, London

☆ Bitcoin proxy MicroStrategy to join the Nasdaq 100 and heavily traded 'QQQ' ETF
▼ + stars: | 2024-12-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The Nasdaq 100 comprises 100 of the largest nonfinancial companies in the tech-focused Nasdaq Composite index . The Nasdaq changes the constitution of the Nasdaq 100 index annually. MicroStrategy now issues convertible notes to leverage its purchases, and its stock's daily trading sometimes looks like a more volatile version of bitcoin. Palantir Technologies and Axon Enterprise will also be joining the Nasdaq 100 later this month. Last year, the Nasdaq 100 added six companies in its annual reconstitution, including DoorDash.

Persons: bitcoin's, MicroStrategy, Gautam Chhugani, Bernstein, Chhugani, Stocks, Michael Saylor, Saylor, CNBC's, Donald Trump —, Jesse Pound Organizations: Nasdaq, MicroStrategy, U.S, Microsoft, Mara Holdings, Palantir Technologies, Moderna Locations: Illumina

☆ Massad Boulos, hailed as a billionaire lawyer advising Trump on Middle East policy, probably isn't a lawyer or a billionaire
▼ + stars: | 2024-12-12 | by ( Jack Newsham | ) www.businessinsider.com time to read: +8 min

On December 2, the New York Times said Massad Boulos built "his wealth in West Africa" and runs two companies, SCOA Nigeria and Boulos Enterprises. AdvertisementBut Massad Boulos doesn't run Boulos Enterprises, according to several former employees and its actual boss, Boulos Boulos. A due-diligence report for Boulos Enterprises Ltd. created by Moody's Orbis database doesn't mention Massad Boulos. AdvertisementBeyond headlines in news outlets, BI couldn't find any evidence to suggest Massad Boulos is a billionaire. The company Massad Boulos actually does run, SCOA Nigeria, which has a subsidiary called SCOA Motors, is a penny stock.

Persons: Massad Boulos, He's, Tiffany Trump's, Donald Trump's, Boulos, Michael, Tiffany Trump, Trump, Steven Witkoff, Mike Huckabee, Marco Rubio, hasn't, Tiffany, Michael Boulos, That's, SCOA, doesn't, Sarah Fadoul Boulos, Michel Zouhair Fadoul, Massad, weren't, It's, Donald Trump, that's, Sarah Boulos, didn't, Nahdiah Hoang, L'Orient Organizations: Trump, Middle, Business, The New York Post, Boulos Enterprises, Times, New York Times, SCOA, Financial Times, ABC, Boulos, University of Houston, Thurgood Marshall School, Texas Southern University, Texas Southern, Texas, Law, Texas Bar, DC, Lebanese, Lawyers, Beirut Bar Association, Nigerian Bar Association Locations: Michigan, Greece, Mar, battlegrounds, Nigeria, West Africa, SCOA Nigeria, Mauritius, Queens, Africa, France, Downtown, Texas, Alaska, South Dakota, Lebanon, Beirut

☆ Whoopi Goldberg aims to raise awareness about women's sports with new network
▼ + stars: | 2024-12-11 | by ( Stefanie Kratter | ) www.cnbc.com time to read: +1 min

Hollywood icon Whoopi Goldberg hopes her newly launched All Women's Sports Network will bring more attention to women's sports. Goldberg started the network with George Chung, co-founder of international media holding company Jungo TV. It's the first global media channel dedicated exclusively to highlighting women's sports and is available in the U.S. on the free streaming service Vizio WatchFree+. Goldberg told CNBC her childhood passion for sports and desire for greater female representation in the field inspired her to start the network. AWSN is also available via international partners in India, the United Arab Emirates, Saudi Arabia and the Philippines.

Persons: Whoopi Goldberg, Goldberg, George Chung, Mickey Mantle, AWSN Organizations: Women's Sports Network, CNBC, United Arab Locations: U.S, India, United Arab Emirates, Saudi Arabia, Philippines

☆ After the Omnicom-IPG merger, these are the ad M&A deals industry insiders think could be next
▼ + stars: | 2024-12-10 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Ad industry insiders say the Omnicom takeover of Interpublic Group could kick off more M&A. The US ad industry has barely grown over the past few years. AdvertisementSome industry insiders think the Omnicom-IPG tie-up is just the start of a massive reordering of the $70 billion ad agency industry and that it's only a matter of time before other holding companies are forced to acquire or be acquired as they look to bulk up. Private equity has been circlingThe big holding companies could also be a target for private-equity giants. Industry insiders have speculated for months that WPP, which once ranked as No.

Persons: William Ritchie, Ritchie, Andreas Roell, Mark Read, Arthur, Sadoun, Tom Triscari, WPP's, Publicis, Omnicom, Havas, Mark Penn's Stagwell, Bill Koenigsberg, Martin Sorrell, David Morgan, Kepler, Blackstone, who's, Tata, Jay Friedman, They're Organizations: Interpublic, Insiders, WPP, Private, Accenture, Google, WY Partners, FGS, Evros, Publicis Groupe, Lemonade Projects, Vivendi, Horizon Media, Capital, Horizon, Temasek, Apollo, KKR, Industry, IBM, Tata Consultancy Services, Droga5, Goodway Locations: US, London

☆ The Omnicom-IPG megamerger signals a new era for the ad industry
▼ + stars: | 2024-12-10 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +7 min

Related Video How tech layoffs could affect the economyIn today's newsletter, the $13 billion Omnicom-IPG megamerger reflects a new era as Big Tech and AI upend the ad industry. OmnicomIt's already been a big week for the ad industry. For ad industry insiders, the proposed takeover reflects an ad sector under threat from Big Tech and AI , writes Business Insider's Lara O'Reilly. AdvertisementPrivate equity has been circling the ad industry, too. Industry insiders have speculated for months that WPP could be taken private — or at least some parts of it could be.

Persons: Luigi Mangione, Brian Thompson, Mangione, John Wren, IPG Philippe Krakowsky, Wren, Omnicom It's, Publicis, Snoop Dogg, it's, Insider's Lara O'Reilly, creatives, Simon Francis, Lara, William Ritchie, Blackstone, Chelsea Jia Feng, Jane Fraser, Aaron Neyer, Sylvia Duran, Camila Ferraz, Jenny Chang, Rodriguez, —, Jimmy Donaldson, Rupert Murdoch Getty, Rupert Murdoch, Rupert, Lachlan, Murdoch, they've, Elon Musk, Sundar Pichai, Benjamin Netanyahu, Janet Yellen, Hallam Bullock, Grace Lett, Ella Hopkins, Amanda Yen, Lisa Ryan, New York Milan Sehmbi Organizations: Business, Ivy League, Big Tech, Monday, Omnicom, Interpublic, Groupe, WPP, Flock Associates, WY Partners, Apollo, KKR, Industry, Getty, Nvidia, Microsoft, Amazon, Citi, Google, PowerPoint, Elon, Wall Street, Summit Locations: Pennsylvania, Paris, China, bitcoin, MrBeast City, California, Jerusalem, Stockholm, Sweden, London, Chicago, New York

☆ What the Omnicom-IPG deal means for workers across the global ad industry
▼ + stars: | 2024-12-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Ad industry workers should expect concerned clients and bruised egos as the two companies combine. AdvertisementA coming mega-merger is set to make waves across the advertising world, especially among the millions of people employed by ad agencies globally. The deal would create the world's largest advertising agency holding company. They said ad industry workers should expect disruption like job cuts and opportunistic rivals swooping in for concerned clients as the new Omnicom takes shape. Job security in the ad agency world has been increasingly hard to come by.

Persons: Omnicom, Doug Martin, General Mills, Steve Boehler, Forrester, Martin Sorrell, Sorrell, IPG, John Wren, Wren, Publicis, Maurice Levy couldn't, Shannon Stapleton, creatives, Simon Francis, Jay Wilson, Wilson Organizations: Interpublic Group, General Mills . Industry, IPG, Mercer Island Group, Bureau of Labor Statistics, S4 Capital, WPP, Nike, Reuters, Flock Associates, Gartner Locations: Omnicom

☆ Gary Vaynerchuk doubled his agency's revenue in 5 years. AI could make that growth more difficult in the future.
▼ + stars: | 2024-12-09 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

He says VaynerX has doubled its revenue in the past five years by diversifying beyond social media. AdvertisementSerial entrepreneur Gary Vaynerchuk built an advertising empire over the past 15 years by helping companies like PepsiCo and Mondelez jump on social media trends. Most significantly: Its revenue has more than doubled in the past five years, Vaynerchuk said — a feat that way outpaces the ad industry overall. The company started offering consulting in 2022, helping marketers with things like social media strategy and corporate communications. Vaynerchuk still evangelizes to CMOs about the importance of social media marketing.

Persons: Gary Vaynerchuk, VaynerX, Vaynerchuk, Fabrice Beaulieu Vaynerchuk, David Ogilvy, Leo Burnett, Michael Farmer, Meta's Ray, He's, We'll, let's, Let's, Greg Lyons, Lyons Organizations: PepsiCo, Consulting, PepsiCo's Locations: Asia, Pacific, America, VaynerX, New York, Singapore, Meta

☆ How hustle icon Gary Vee found his inner Ted Lasso
▼ + stars: | 2024-12-06 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

AdvertisementVaynerchuk, also known as Gary Vee, has built a legion of fans, many of whom are young men, by evangelizing hard work. His schtick lands with a generation that's grown up with — and is now exhausted by — social media, which encourages constant comparisons with others. Advertisement"In the beginning, it was, 'That's dumb, that's dumb,'" Jon Halvorson, SVP of Mondelez and a longtime client, said of Vaynerchuk's rhetoric. CMOs no longer have to be convinced to embrace social media, and many have even bypassed agencies like VaynerX altogether to take that work in-house. Naysayers say his personal brand is still bigger than his company; Vaynerchuk has 22 times as many followers on X as VaynerMedia.

Persons: Gary Vaynerchuk, Vaynerchuk, Gary Vee, He's, VeeCon, Scott Galloway, Joe Rogan, Chelsea Guglielmino, Jon Halvorson, Ted Lasso, Mona Vand, Cassidy Sparrow, Meta's Ray, we'll, let's, Let's, Tubi, Gen, Lauren Graham, Gilmore, Wines, VeeFriends, Brian Morrissey, Sandeep Seth, Raymond Hall, he's, Halvorson, David Ogilvy, Leo Burnett, Andrew Essex, Droga5 who's, Gary, Naysayers, Dave Kotinsky, JC Penney's, he'd Organizations: Constellation Brands, Business, Chelsea, Mondelez, Fox, New, CMO, Forbes, TCS, New York Jets, Apple, Tribeca Locations: blockchain, Los Angeles, New York, Singapore, Meta, VaynerX, VaynerMedia

☆ In forgotten parts of Singapore's iconic Orchard Road shopping street, a new era is taking shape
▼ + stars: | 2024-11-22 | by ( Kevin Lim | ) www.cnbc.com time to read: +6 min

The Far East Shopping Center on Orchard Road in Singapore, on Thursday, April 11, 2024. Bloomberg | Bloomberg | Getty ImagesThe Far East Shopping Center along Singapore's Orchard Road has seen better days. Orchard Road, Singapore's main shopping street, is 2.2 km (1.3 miles) long but much of the activity takes place in the middle of the stretch as well as at selected malls linked via underground walkways to subway stations. Far East Shopping Center isn't connected to Orchard MRT unlike several of its neighbors. Two of the properties, the voco Orchard hotel and Forum The Shopping Mall, share some 180 meters of frontage along Orchard Road.

Persons: Ong Beng Seng, hasn't, CDL, Singapore's URA, URA, Richard Goh, Rasa Singapura, Sukanto Tanoto, Du Shuanghua, Jeremy Lake Organizations: Shopping, Bloomberg, Getty, Shopping Center, Singapore Botanic Gardens, Urban Redevelopment, Properties, Singapore, Developments, CDL Hospitality, Arts, CNBC, Singapore Botanic, Pacific Eagle, Food, Savills Singapore, Concorde Locations: Orchard, Singapore, Delfi Orchard, Istana Park, Canning, HPL

☆ One of the world's richest families plans to create Paris's next big soccer success
▼ + stars: | 2024-11-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

"There is an anomaly in French football and in Parisian football, that it is probably the only big city in Europe with only one big football club. France's billionaire Arnault family, owners of luxury group LVMH and one of the richest dynasties on the planet, is preparing to secure majority ownership of minor soccer club Paris FC — but sees any sporting turnaround as a long-term aim. Antoine Arnault speaks to the media during the Paris FC press conference at Groupe ADP – Centre d’entrainement Paris FC on November 20, 2024 in Orly, France. Asked by CNBC whether he saw Paris FC as a potential challenger, Arnault said: "That would be very immodest of us, to even compare ourselves to Paris Saint-German. Arnault told CNBC that if his family wanted a "trophy asset," they would have looked elsewhere.

Persons: Arnault, CNBC's Charlotte Reed, Red Bull, Antoine Arnault, Bernard Arnault, Bull, Germain, We're, Jürgen Klopp, Ryan Reynolds, Rob McElhenney Organizations: Paris FC, Associated Press, CNBC, Leipzig, Austria's, Paris FC —, Groupe ADP –, d’entrainement Paris FC, Qatari, titans Paris Saint, French, Paris Saint, League, Champions League, Liverpool, Premier League, Welsh, Wrexham AFC —, Bull Locations: Europe, Paris, Austria's Salzburg, Orly, France, English, Leipzig, Salzberg

☆ Triller is hiring TikTok's former head of product to run its video app, as its other CEO hire falls through
▼ + stars: | 2024-11-21 | by ( Kenneth Niemeyer | Dan Whateley | ) www.businessinsider.com time to read: +5 min

AdvertisementTriller hired former TikTok product head Sean Kim to run its video app and a few other subsidiaries. Former T-Mobile marketing exec Kevin McGurn will no longer join as CEO of all of Triller Group. Triller, a media and marketing company that once positioned itself as a competitor to TikTok, announced it's hiring former TikTok product head Sean Kim to serve as CEO of its video app. Starting on December 2, he will oversee the Triller app, a short-video platform that functions similarly to TikTok, Instagram reels, and YouTube shorts. The Triller Group CEO title was meant to go to former T-Mobile marketing executive Kevin McGurn, as announced by the company in October.

Persons: Triller, Sean Kim, Kevin McGurn, TikTok, Kim, Julius, McGurn, it's, Donald Trump Organizations: Mobile, Triller, Holding, Triller Group, AGBA, Sony Music, Universal Music Group, SEC, Congress, YouTube Locations: Hong Kong, Triller

☆ Jeff Bezos is selling one of his private jets for $39 million after upgrading to the newest Gulfstream G700
▼ + stars: | 2024-11-19 | by ( Taylor Rains | Grace Kay | ) www.businessinsider.com time to read: +3 min

AdvertisementJeff Bezos' Gulfstream G650ER private jet is for sale for about $39 million. A Gulfstream G650ER, registered N271DV, is listed for about $39 million on the aviation marketplace Controller. Washington state records from 2004, when the firm was created, show that Bezos owns the company. Data from the aircraft-tracking website JetSpy shows that the listed private plane is one of four owned by Bezos. Inside a Gulfstream G650ER like the one Bezos owns.

Persons: Jeff Bezos, Trump, aren't, Bezos, Poplar, Paul Dauber, Jack Sweeney, Taylor Rains, Taylor Swift, Sean, Diddy, Combs, Pete Syme Organizations: Gulfstream, Federal Aviation Administration, Bezos, Pilatus, Gulfstream G700, Jet, Oxfam, Dassault Falcon Locations: Poplar Glen LLC, Washington, Poplar Glen's, British

☆ Verily has a December deadline to cut important ties with Google, leaked documents show
▼ + stars: | 2024-11-18 | by ( Hugh Langley | ) www.businessinsider.com time to read: +5 min

Verily has told employees it ultimately intends to become an independent company. Verily, Alphabet's life sciences subsidiary, has set a deadline of December 16 to sever multiple ties to Google, according to two people familiar with the matter and internal documents reviewed by Business Insider. Related Video How tech layoffs could affect the economyVerily, formerly known as Google Life Sciences, started life as a moonshot project inside Google X. "Verily is transitioning from Google's infrastructure to our own, as we continue to grow as an independent Alphabet company," said Verily spokesperson Steven Cooper. AdvertisementAn internal Verily FAQ for staff broached the subject of why the company didn't start Flywheel until after its products were more mature.

Persons: Verily, Steven Cooper, Larry Page, Sergey Brin, Waymo Organizations: Google, Staff, Business, Sciences, BI

☆ CNBC Sport: NBC still doesn't have a deal for John Tesh's 'Roundball Rock' theme
▼ + stars: | 2024-11-14 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +15 min

NBC Sports still expects to come to a deal with Tesh, according to a person familiar with the matter. How to value a theme song like "Roundball Rock" is nebulous at best. Any sports fan of the 1990s can tell you that John Tesh's "Roundball Rock" is synonymous with "The NBA on NBC." NBC Sports still expects to come to a deal with Tesh, according to a person familiar with the matter. How to value a theme song like "Roundball Rock" is nebulous at best.

Persons: Alex Sherman, John Tesh, I'm, Tesh, NBC Sports isn't, hasn't, Marv Albert, Bob Costas, NBA hasn't, there's, he's, Mark Wilf, Donald Trump, Wilf, Adam Silver, Silver, NBCU's Peacock, David Zaslav, John Malone, Greg Maffei, Malone, Diamond, That's, Mike Tyson, Jake Paul, it's, CNBC's Lillian Rizzo, Mike Ozanian, –, Juan Soto, Ohtani, Paul Archuleta, John Tesh's Organizations: CNBC, NBA, NBC, NBC Sports, Disney, Amazon, Warner Bros, Fox Sports, Big East, Chicago Bulls, Tesh, Minnesota Vikings, Major League Soccer's Orlando City, Orlando Pride, Vikings, Orlando, Paley Center for Media, Summit, ESPN, TNT, CNBC Sport, Liberty Media, Liberty, Atlanta Braves, Diamond Sports, Major League Baseball, NHL, Fitness, Holdings, Netflix, NFL, Philadelphia Phillies, NBC Sports Philadelphia, Industry, Hallmark, Universal Studios Hollywood, Getty Locations: Nashville, Orlando City, Trump, Texas, London, Universal City , California

☆ Warren Buffett's Berkshire Hathaway takes a stake in Domino's Pizza
▼ + stars: | 2024-11-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett's Berkshire Hathaway built a new stake in Domino's Pizza last quarter, according to a regulatory filing Thursday. The Omaha-based conglomerate bought more than 1.2 million shares of the pizza chain for a stake worth about $550 million at the end of September. Buying Pool, Selling Ulta Berkshire also took a small stake in swimming pool supplier Pool Corp. last quarter. It could be another value bet as Pool shares have lost 10% this year. Also in the third quarter, Buffett's holding company nearly dissolved its new bet on Ulta , selling about 97% of the shares.

Persons: Warren, Berkshire Hathaway, Ted Weschler, Todd Combs Organizations: Pool Corp, Berkshire, Apple, Bank of America Locations: Omaha, U.S, Berkshire

☆ Stocks making the biggest moves midday: Tesla, Airbnb, Toast, Pinterest and more
▼ + stars: | 2024-11-08 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Pinterest — Shares of the image-sharing platform pulled back 16% after the company issued a lower-than-expected revenue outlook for the current quarter. Block — The Cash App parent company slumped more than 4.5% after its third-quarter revenue of $5.98 billion missed expectations. Toast — The restaurant management company climbed 13% after it forecast adjusted EBITDA of between $90 million and $100 million for the current quarter. Analysts expected a loss of 30 cents per share on $198 million in revenue, according to LSEG. That said, Lucid's net loss widened in the period, posting $992.5 million versus $630.9 million in the year-ago period.

Persons: Donald Trump, Elon, Airbnb, DraftKings, LSEG, Monster, FactSet, Goldman Sachs, — CNBC's Hakyung Kim, Alex Harring, Sean Conlon Organizations: Trump Media & Technology, Arista Networks, Arista, Capri Holdings, Beverage, Barclays

☆ Here are Tuesday's biggest analyst calls: Apple, Microsoft, Palantir, Eli Lilly, Broadcom, Krispy Kreme, Live Nation & more
▼ + stars: | 2024-11-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley reiterates Live Nation as overweight Morgan Stanley raised its price target on the stock to $140 per share from $120. Bank of America reiterates Apple as buy Bank of America says it sees "limited" impact to Apple earnings regardless of the Presidential outcome. Bank of America reiterates Palantir as buy The firm says Palantir is an AI "juggernaut" following earnings on Monday. Bank of America reiterates Arista Networks as buy Bank of America says it sees share gains ahead for the networking equipment company. Morgan Stanley reinstates Krispy Kreme as equal weight Morgan Stanley says Krispy Kreme has a balanced risk/reward right now.

Persons: Morgan Stanley, it's bullish, Eli Lilly, Palantir, Bernstein, Eaton, Deutsche, there's, Jefferies, Rick Dreiling, MTZ, Morgan Stanley reinstates Krispy, Krispy Kreme Organizations: Bank of America, Boeing, JPMorgan, RBC, Microsoft, " Bank of America, Broadcom, Apple, Republicans, Arista Networks, Arista, Meta, Deutsche Bank, eBay, Barclays, Energy, Infrastructure, Communications, Resources, IDA Locations: San Antonio, Redmond , WA

☆ Citi calls these smaller stocks buys that are expected to rally from here
▼ + stars: | 2024-10-29 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Citi forecasts an expected total return of 33% for the name. Earlier this month, JPMorgan raised its price target on the name to $195, which corresponds to a potential upside of 41% from Monday's close. Citi also highlighted Ally Financial as a stock to buy, and the firm sees an expected total return of 48% for the name. Shane's $40 price target is nearly 14% higher than where shares of Ally closed on Monday. Wlodarczak's $170 price target implies a potential upside of 46% for the stock.

Persons: Russell, Scott Chronert, Said, Matthew Boss, Hollister, Richard Shane, Shane's, Jeffrey Wlodarczak Organizations: Citi, megacap, Federal Reserve, Citi U.S, Abercrombie, Fitch, JPMorgan, Entertainment, Research Locations: Monday's

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