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☆ Amazon commits another $10 billion to Ohio data centers amid questions about energy costs and supply
▼ + stars: | 2024-12-17 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +7 min

Amazon will invest another $10 billion in Ohio data centers, Ohio Gov. In exchange for tax credits, Amazon committed to more than 1,000 new jobs in its Ohio data centers. AdvertisementMost of Amazon's data centers are located in Northern Virginia, the largest data center market in the world. Just this year, Amazon announced plans to spend $11 billion on data centers in Indiana and $10 billion in Mississippi. Under AEP's existing rate structures, the costs of new transmission lines to data centers could be spread to other ratepayers.

Persons: Mike DeWine, Amazon, Andy Jassy, DeWine, Les Wexner, Michael Fradette, David Proaño, Cargill, AEP's, Ellen Thomas Organizations: Amazon, Ohio Gov, Amazon Web, Ohio's Department of Development, Ohio Tax, Authority, BI, Gov, AEP Ohio, Meta, Microsoft, Google, The New Albany Company, Intel, AEP, Public Utilities Commission, Ohio Manufacturers ' Association Energy Group, Ohio Energy Leadership Council, Ohio, Ohio Energy Group, Ford, GE, Walmart Locations: Ohio, Columbus, Amazon Ohio, Central Ohio, Northern Virginia, Indiana, Mississippi, Ohio Ohio, AEP, New York, New Albany , Ohio, Johnstown , Ohio, The, BakerHostetler's Columbus

☆ RFK Jr. takes his turn in the spotlight: From the Politics Desk
▼ + stars: | 2024-12-16 | by ( The Politics Desk | ) www.nbcnews.com time to read: +11 min

In today’s edition, Robert F. Kennedy begins meeting with senators in Washington, while Donald Trump holds his first post-election news conference. “Obviously, HHS under the first Trump administration was very clear on the issue of abortion conscience protections and all those things. On the reported sightings of drones over New Jersey and New York, Trump said, “The government knows what is happening.” He declined to say whether he had received an intelligence briefing about it. In 2000, Al Gore got oh-so-close to winning the White House when Bill Clinton’s approval rating was at 57%. Read more →That’s all from the Politics Desk for now.

Persons: Robert F, Kennedy, Donald Trump, Kamala Harris, Kate Santaliz, Sahil Kapur, Brennan Leach Robert F, Kennedy Jr, Donald Trump’s, John Thune, John Barrasso, Mike Crapo, Kennedy’s, Sen, Rick Scott, ”, “, ” Scott, Lisa Murkowski, Thom Tillis, Rand Paul, Mitch McConnell, McConnell, ” McConnell, Katie Miller, Trump, ” Sen, James Lankford, Joe, ” Lankford, Rebecca Shabad, Rob Wile President, Tim Cook, Sundar Pichai, Sergey Brin, Jeff Bezos, Masayoshi, Eric Adams, Brian Thompson, Read, Mark Murray, Harris, Joe Biden’s, Biden, George H.W, George H.W . Bush, Bush, Ronald Reagan’s, Al Gore, Bill Clinton’s, Hubert Humphrey’s, Lyndon Johnson’s, Humphrey, Richard Nixon, Humphrey —, 🗞️, remo, e work, Rea, viv e d a high, Hou Organizations: NBC, White House, Capitol, RFK Jr, Health, Human Services, Education, Labor, Pensions, New York Times, FDA, HHS, Trump, Apple, Amazon, New, New York City, ’, White, ics Locations: Washington, Idaho, Alaska, Ky, New York, New Jersey, George H.W ., Afghanistan, Poli

President-elect Donald Trump was upbeat at his first post-election press conference Monday, saying there was a big difference between now and when he took office in 2016: Some of his former adversaries are now being nice to him. The remarks were Trump's first news conference since he won the election and the first event he has hosted himself since November. Trump referenced recent meetings with Apple CEO Tim Cook, Alphabet and Google CEO Sundar Pichai and former Alphabet President Sergey Brin. "I mean, I'd have to see it, because I don't know the facts." Trump's press conference was his first one since winning the 2024 election, though he has attended other organizations’ events, attended a SpaceX test launch, and gone to numerous sporting events.

Persons: Donald Trump, “, ”, Trump, Trump's, Tim Cook, Sundar Pichai, Sergey Brin, Jeff Bezos, —, Bezos, Elon Musk, Vivek Ramaswamy, David Sacks, Jacob Helberg, Eric Adams, Brian Thompson, Luigi Mangione, TikTok, ” Trump, Kamala Harris, Biden Organizations: Apple, Amazon, Big, Twitter, Facebook, Google, The Washington Post, Pentagon, Department of, New, New York City, Des Moines Register, SpaceX, ”, Trump Locations: Lago, U.S, New York, New Jersey

☆ Trump says Big Tech CEOs like Tim Cook have been the 'opposite of hostile' ahead of his 2nd term: 'My personality changed or something'
▼ + stars: | 2024-12-16 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

President-elect Donald Trump said on Monday that major tech CEOs want to meet with him ahead of his second term, showcasing how an industry that once spurned him is now supportive. Advertisement"One of the big differences between the first term, in the first term, everybody was fighting me," Trump told reporters during a news conference. Big Tech executives like Apple CEO Tim Cook, Amazon CEO Jeff Bezos, and Alphabet CEO Sundar Pichai have or are expected to visit Mar-a-Lago to meet with the president-elect. The series of meetings follows an election season that saw some major names in Silicon Valley embrace Trump, including, most notably, Elon Musk. Many in the business community, including tech, were skeptical of Trump's first term.

Persons: Donald Trump, Trump, Tim Cook, Sundar Pichai, Jeff Bezos, Elon Musk, David Sacks, Trump's, Musk, Armour, Cook Organizations: Trump, Mar, Big Tech, Apple, Department of Government, Intel, Merck, White, IBM, Walmart Locations: Amazon, Silicon, Paris, Charlottesville , Virginia

☆ Shutterstock earned over $100 million in revenue thanks in part to its AI-powered image-generator tool
▼ + stars: | 2024-12-13 | by ( Matthew S. Smith | ) www.businessinsider.com time to read: +7 min

"It would be silly for me to say that we didn't see generative AI as a potential threat," Orgeron said. He recalled attending CES in 2023 and said that many creative professionals there were unaware of generative AI and the impact it could have on the industry. However, the move toward generative AI was preceded by earlier acquisitions. Paul Hennessy, the CEO of Shutterstock, said in June the company earned $104 million in annual revenue from AI licensing agreements in 2023. While it doesn't offer an AI video-generation service yet, Orgeron said Shutterstock plans to launch a service soon.

Persons: Shutterstock, Dade Orgeron, Orgeron, TK, Dade Orgeron Shutterstock, Shutterstock.AI, Paul Hennessy, We're Organizations: Meta, Apple, Nvidia, Business, Service, Dade, CES, Key, Shutterstock.AI, Enterprise, HP Locations: New York, Reka, Silicon Valley, Shutterstock

☆ The average startup CEO now makes $132,000, down from $142,000 last year
▼ + stars: | 2024-12-13 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +6 min

AdvertisementKruze Consulting, which provides accounting services to early-stage, VC-backed companies, released a study showing that the average seed-stage founder who is also a startup CEO makes $132,000 a year. The consultancy recently analyzed 450 of its seed-stage startup clients' payroll records to determine the average base salary for different jobs at early-stage companies. Kruze's study says that employee compensation accounts for around 75% of the total operating costs for its startup clients. According to Kruze's analysis of its early-stage startup payrolls, engineers can make anywhere between $65,000 and $235,000 annually. Equipment such as laptops and work stations cost startups between $2,500 and $3,000 per employee, Kruze's data found.

Persons: Kruze Organizations: Kruze Consulting, Kruze, CPO, Engineers, Francisco Market, Major Tech, San Francisco Market, Big, Austin Locations: Austin, Big Tech

☆ Tech executives 'kiss the ring' for Trump's second term
▼ + stars: | 2024-12-13 | by ( Deirdre Bosa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech executives 'kiss the ring' for Trump's second termCNBC's Deirdre Bosa reports on the warming relationship between Donald Trump and major technology company CEOs.

Persons: Deirdre Bosa, Donald Trump Organizations: Email Tech

☆ How Utah's 'Silicon Slopes' tech sector is making a run at Silicon Valley
▼ + stars: | 2024-12-10 | by ( Dardan Pula | ) www.cnbc.com time to read: +6 min

At the heart of this transformation are companies like Adobe , which helped lay the groundwork for Silicon Slopes' rise. The tech-cluster has created fertile ground for other startups to grow in the Silicon Slopes ecosystem. "That was a seminal moment in the history of Silicon Slopes," he said. The city's leaders and entrepreneurs hope that the snowball effect will continue to roll down Silicon Slopes. "We're very proud of that sort of pioneer heritage that we have, particularly in building what is now the Silicon Slopes ecosystem," Sherman said.

Persons: Adobe SVP Wade Sherman, CNBC's Carl Quintanilla, Wade Sherman, Adobe's, Sherman, Brad Rencher, CNBC Rencher, Rencher, it's, It's, Catherine Wong, Entrata, —, Wong, haven't, Todd Pedersen, Adobe, Pedersen, " Pedersen Organizations: Adobe, Adobe SVP, CNBC, Oracle, Microsoft, Salt Lake, Blackstone Locations: Lake City, CNBC's, Salt, Lehi, Salt Lake City, Lehi , Utah, Silicon, Draper, Orem, Provo, Adobe's, Utah, Silicon Valley, North America, Silver

☆ The $13 billion Omnicom-IPG megamerger reflects a new era as Big Tech and AI upend the ad industry
▼ + stars: | 2024-12-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

Omnicom and Interpublic Group plan a $13.25 billion merger that would create the world's largest ad-agency company. Industry insiders say the deal reflects an ad sector under threat from Big Tech and AI. Being big matters as the industry wrestles with disruption from the might of Big Tech players and the advent of artificial intelligence. The $13.25 billion all-stock deal would merge Omnicom's creative and media-buying agencies, such as BBDO and Omnicom Media Group, with IPG's McCann Worldgroup and Mediabrands. The research firm Forrester said last year that the rise of automation could lead to the loss of 33,000 jobs within ad agencies by 2030.

Persons: IPG's McCann Worldgroup, Marcel, Publicis, Simon Nicholls, Martin Sorrell, Omnicom, hasn't, Laura Desmond, Philippe Krakowsky, Wren, Sorrell, John Wren's, Forrester, Simon Francis, Francis, creatives, John Wren, Publicis Groupe's, Maurice Levy, Spencer Platt, it's, Greg Paull, Kennedy Organizations: Industry, Big Tech, Interpublic, Wall Street Journal, Omnicom Media, Groupe, Analysts, WPP, Capital, Adobe, General Motors, Pfizer, Microsoft, Omnicom, Flock Associates, Getty, Publicis Groupe

☆ Trump picks David Sacks as the White House's AI and crypto czar
▼ + stars: | 2024-12-06 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

AdvertisementTrump appoints David Sacks as White House artificial intelligence and crypto czar. Sacks, a former PayPal COO, co-founded Craft Ventures and invested in major tech firms. He's closely linked to Elon Musk, Peter Thiel, and other tech entrepreneurs. President-elect Donald Trump has named David Sacks as his White House artificial intelligence and crypto czar. Related VideoThe entrepreneur served as chief operating officer for Elon Musk and Peter Thiel's PayPal and co-founded venture fund Craft Ventures in 2017.

Persons: Trump, David Sacks, Sacks, Elon Musk, Peter Thiel, Donald Trump, Peter Thiel's PayPal, Palantir, Airbnb, David Organizations: White, PayPal, Craft Ventures, SpaceX, Trump, NATO, Big Tech Locations: Ukraine, America

☆ Jeff Bezos says he's optimistic about Trump, will help with reducing regulation
▼ + stars: | 2024-12-04 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

Trump repeatedly attacked Bezos and his companies, Amazon and The Washington Post, accusing them of dodging taxes or publishing "fake news," among other things. Prior to the 2016 election, Bezos criticized Trump's behavior, saying it "erodes our democracy." Bezos also publicly declared shortly before the election that the Washington Post would not be endorsing a candidate, breaking with decades of tradition. Bezos' space company Blue Origin will frequently interact with Trump's administration when it comes to vying to secure federal contracts. WATCH: Bezos says he's proud of decision not to have Washington Post endorse presidential candidate

Persons: Jeff Bezos, Donald Trump, Bezos, Trump, Trump's, trekked, He's, Kamala Harris Organizations: Amazon, The Washington Post, New York Times, Jazz, Lincoln Center, The New York Times, Washington, U.S . Postal Service, Department of Defense, Trump, Republican, Facebook, Trump Tower, Washington Post, Democratic, Origin, Elon, SpaceX, White, America PAC Locations: New York City

☆ Stocks making the biggest moves premarket: Salesforce, Foot Locker, Pure Storage, PSQ Holdings & more
▼ + stars: | 2024-12-04 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell: Salesforce — Shares rallied more than 12% after the enterprise software company posted a third-quarter revenue beat. Salesforce reported $9.44 billion in revenue, better than the $9.35 billion expected by analysts, according to LSEG. Pure Storage — Shares surged 21% after Pure Storage beat fiscal third-quarter estimates and highlighted it won a contract with a major tech company. Foot Locker — The stock sank nearly 15% after the sneaker giant posted an earnings and revenue miss. Chewy's $2.88 billion revenue came in line with estimates.

Persons: Salesforce, Jeff Davis, Charles Giancarlo, CNBC's, Piper Sandler, Locker, —, Okta, Donald Trump Jr, LSEG, Campbell, Mick Beekhuizen, Roku, Needham, Laura Martin, — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Yun Li, Pia Singh Organizations: Marvell Technology, Marvell, Wall, JPMorgan, PSQ Holdings, General Motors, Detroit automaker, SAIC Motor Corp Locations: China

☆ Archaeologists discover key tool that helped early Americans survive the ice age
▼ + stars: | 2024-12-04 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

Archaeologists found 32 needle fragments made from animal bone buried almost 15 feet (nearly 5 meters) underground at the La Prele site in Converse County. The eyed needle above, made from the bone of a red fox, was found at the La Prele archaeological site in Wyoming’s Converse County. Co-principal investigator Todd Surovell water screens sediment from La Prele in 2016. Archaeologists use water screening to find tiny artifacts like bone needles. To survive such low temperatures, humans likely created tailored garments with closely stitched seams to protect against the elements.

Persons: “, ”, Spencer Pelton, ” Pelton, Todd Surovell, Pelton, Todd, Danny Walker, Needles, hasn’t, Ian Gilligan, wasn’t, Gilligan, ” Gilligan Organizations: CNN, Prele, University of Sydney Locations: Wyoming, Converse County, Rocky, North America, La, America’s, Wyoming’s Converse County, Americas, Australia, Siberia, China

☆ Meta starts the search for nuclear partners to power energy-hungry AI
▼ + stars: | 2024-12-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

AdvertisementMeta is seeking nuclear energy developers to power its AI and sustainability goals. Meta is not alone in turning to nuclear power, with Microsoft and Google making investments. Meta is looking for nuclear energy developers to power its AI ambitions. Big Tech goes nuclearMajor tech companies, including Microsoft and Google, are investing in nuclear power to provide energy for AI data centers. Google announced in Ocotber it was purchasing nuclear energy from Kairos Power, a California-based company developing small modular reactors.

Persons: Meta Organizations: Meta, Microsoft, Google, Big Tech, Constellation Energy, Business Locations: Pennsylvania, Ocotber, California

☆ Intel ruled tech. Now it’s in deep trouble
▼ + stars: | 2024-12-04 | by ( Clare Duffy | ) edition.cnn.com time to read: +10 min

At the time, Intel was the world’s largest producer of computer chips, and its technology was housed inside nearly every PC. That means nearly two decades after Grove outlined his vision, Intel is a shell of its former self. And now, investors and company watchers are seriously questioning whether Intel can ever regain its industry-leading position, despite its importance to American chipmaking. And because ARM was ready with the technology, it quickly leapfrogged Intel as the mobile chipmaking leader. Intel CEO Pat Gelsinger delivers a speech at the COMPUTEX forum in Taipei, Taiwan on June 4.

Persons: Andy Grove, Grove, Pat Gelsinger, Gelsinger, ”, Angelo Zino, Shannon Stapleton, Gordon Moore, Intel “, Vivek Arya, “, Edward Jones, Logan Purk, Gelsinger “, ” Zino, Ann Wang, Nvidia —, didn’t, Jensen Huang, it’s “, Huang, Biden, ” Forrester, Alvin Nguyen, Saul Loeb, David Zinsner, Johnston Holthaus, Nguyen, Intel’s, Trump, ” Purk, Zino, ” Frank Yeary Organizations: New, New York CNN, Intel, Dow Jones, Nvidia, CFRA Research, ARM, Apple, Reuters, AMD, ” Bank of America Securities, CNN, Getty, Qualcomm, Foundry Locations: New York, American, Taipei, Taiwan, Ohio, China

☆ China's AI balancing act — beating the U.S. but keeping the tech from threatening Beijing's rule
▼ + stars: | 2024-12-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +6 min

"I think of this battle, this geopolitical battle to build AGI first as a 'hopium war'," Tegmark told CNBC in an interview last month. " And that means that the AGI race is not an arms race, it's a suicide race," Tegmark said. When it comes to AGI, China is likely to pursue a similar approach, according to analysts. Similar predictions were made about the internet, they all proved to be false," Kendra Schaefer, a partner at consultancy Trivium China," told CNBC. watch now"With AI, China hopes to shift the balance of power around the globe, like creating a new export model.

Persons: Max Tegmark, Sam Altman, Tegmark, Elon Musk, it's, Musk, China's, Tesla, Kendra Schaefer, Abishur Prakash, Prakash Organizations: Istock, Getty, Communist Party, CNBC, U.S, Life Institute, Huawei, Trivium China, Nvidia Locations: China, U.S, AGI, Toronto

☆ 4 things we learned from Amazon's AWS conference, including about its planned supercomputer
▼ + stars: | 2024-12-03 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

AdvertisementAWS announced plans for an AI supercomputer, UltraCluster, with Trainium 2 chips at re:Invent. Moreover, it's also building an AI supercomputer, an UltraCluster made up of UltraServers, in partnership with AI startup Anthropic. AWS' Trainium chips could compete with Nvidia. With "hundreds of thousands" of Trainium chips, it would challenge Elon Musk's xAI's Colossus — a supercomputer with 100,000 of Nvidia's Hopper chips. Garman said that Apple is one of its customers using AWS chips, like Amazon Graviton and Inferentia, for services including Siri.

Persons: Apple, Matt Garman, Garman, it's, there's, —, Elon Musk's, Rainier, Hopper, Siri, Benoit Dupin, Dupin Organizations: Nvidia, Apple Intelligence, Amazon Web Services, Apple, JPMorgan, Graphics, Amazon, Wall Street, Google, Microsoft, The, Las, AWS, Amazon Nova Locations: UltraServers

☆ Intel CEO Pat Gelsinger resigns after a disastrous tenure
▼ + stars: | 2024-12-02 | by ( Clare Duffy | David Goldman | ) edition.cnn.com time to read: +1 min

CNN —Intel Monday announced CEO Pat Gelsinger has resigned after a difficult stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by most of its rivals. Gelsinger took over as Intel’s chief executive in February 2021, returning to the company at which he had spent decades of work, including as chief technology officer. He had left Intel for a stint as CEO of software giant VMWare. At Intel, Gelsinger was tasked with turning around the iconic American tech giant that was struggling against unprecedented competition, production delays and the departure of top talent.

Persons: Pat Gelsinger, Gelsinger Organizations: CNN, Intel, VMWare

☆ How GE Vernova plans to deploy small nuclear reactors across the developed world
▼ + stars: | 2024-11-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

GE Vernova is aiming to deploy small nuclear reactors across the developed world over the next decade, staking out a leadership position in a budding technology that could play a central role in meeting surging electricity demand and reducing carbon dioxide emissions. GE Vernova is the spinoff of General Electric's former energy business. The U.S. government wants to triple nuclear power by 2050 to shore up an electric grid that is under growing pressure from surging power demand. GE Vernova is targeting more than $2 billion in annual revenue from its small reactor business by the mid-2030s. GE Vernova won the first commercial contract in North America to deploy a small modular reactor for Ontario Power in January 2023.

Persons: Nicole Holmes, Holmes, Kenneth Parks, GE Vernova Organizations: GE, GE Hitachi, GE Vernova, New York Stock Exchange, CNBC, GE Vernova's SMR, U.S, Bank of America, America, Ontario Power, Tennessee Valley Authority, Energy, Toronto . Ontario Power Locations: Cambridge, U.S, Canada, United Kingdom, Europe, Poland, North America, Darlington, Lake Ontario, Toronto

☆ AI power usage is growing so fast that tech leaders are racing to find energy alternatives
▼ + stars: | 2024-11-30 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

The latest generation of large language models requires significantly more computing power and energy than previous AI models. As a result, tech leaders are rallying to accelerate the energy transition, including investing in alternatives like nuclear energy. Major tech companies, including Amazon, Google, and Microsoft, have also struck deals with nuclear energy suppliers recently as they advance AI technology. Related storiesMoving to nuclear energyMany tech leaders argue the need for energy solutions is urgent and investing in nuclear energy. AI's energy use is growingTech companies seek new energy solutions because their AI models consume much energy.

Persons: Fabrice Beaulieu, Mark Zuckerberg, Nvidia, Blackwell, Hopper, Jensen Huang, Huang, Sam Altman, Altman, Joe Biden, Cameron Porter, Porter, Trump, OpenAI's GPT Organizations: Tech, Fabrice Beaulieu Big Tech, Meta, Microsoft, Amazon, Google, Nvidia, Hong Kong University of Science, Technology, Economic, Helion Energy, Steel Atlas, McKinsey Locations: Davos, Oklo

☆ How Amazon revamped its AI-sales machine to compete with OpenAI, Microsoft, and Google
▼ + stars: | 2024-11-29 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

AdvertisementAWS faces competition from OpenAI, Microsoft, and Google in AI, risking its cloud dominance. It offers new financial incentives for AI sales. "This is a great time to partner with our sales teams for this #OneTeam effort," AWS said in an internal memo obtained by Business Insider. Many AWS sales teams have new performance targets tied to AI products. The Find One, Launch One, Ramp One initiative includes AWS sales architects.

Persons: Matt Garman, Einat Weiss, they're, salespeople, Garman, AWS's, Microsoft Satya Nadella, Justin Sullivan, Q, hasn't Organizations: Microsoft, Google, North, Business, AWS, Messaging, Amazon, BI, there's, Amazon Connect Locations: OpenAI, North America

☆ 33-year-old once worked 100-hour weeks to save $40,000 for his robotics startup—now it's worth $633 million
▼ + stars: | 2024-11-23 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Such a company would be a major longshot: Loosararian had very little work experience or seed money, and no tech industry connections. After graduating college in 2013, Loosararian co-founded Pittsburgh-based Gecko Robotics. He worked 100-hour weeks to save "$30,000 or $40,000" and fund his startup's first few years of existence, he says. Today, Gecko Robotics is a fast-growing robotics company with $220 million in funding, including a $100 million fundraising round last year that valued Gecko at $633 million. CNBC Make It: Did you immediately believe you had a major tech startup on your hands after building a successful robot in college?

Persons: Jake Loosararian's, might've, he'd, Loosararian, There's, I'm, Aw Organizations: CNBC, Pennsylvania's, Pennsylvania's Grove City College, Robotics Locations: Pennsylvania's Grove, Pittsburgh

☆ Cramer's week ahead: Earnings from Dell, CrowdStrike and several big retailers
▼ + stars: | 2024-11-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday previewed next week's important Wall Street action, suggesting it's wise to pay attention to a slew of retail earnings as well as reports from Dell and CrowdStrike . Tuesday is a big day for retailers, with reports from Best Buy , Abercrombie & Fitch , Kohl's , Macy's , Burlington Stores and Dick's Sporting Goods . He added that some retailers whose earnings weren't great still saw their stocks soar but others got badly dinged, like Target . He said investors might want to buy some Dell stock now and some after earnings if it pulls back. While stock action tends to slow during the rest of the holiday week, Cramer pointed out that on Wednesday the government will release the latest personal consumption expenditures index.

Persons: CNBC's Jim Cramer, Cramer, Wall, Smucker, weren't, Dell Organizations: Dell, Body, Abercrombie, Fitch, Kohl's, Burlington Stores, Dick's Sporting Goods, Target, Nvidia, HP, Federal Reserve Locations: Macy's

Some major tech companies including Meta are taking steps to combat “pig butchering” scams, which trick Americans out of billions of dollars each year through fake online friendships and romances. Pig butchering scams are elaborate and often take months to unfold. Meta on Thursday announced it has taken its first major steps into addressing the scams, including dedicating staff to identify where scammers operate, sharing that information with international law enforcement, and taking down more than 2 million accounts this year. The announcement reflects how more tech companies are recognizing the severity of pig butchering scams. Calling themselves the Tech Against Scams coalition, the companies pledged to share scammer information with each other and better educate users.

Persons: they’ve, Meta, Jeff Lunglhofer, ”, Jake Sims, Operation Shamrock, “, ” Sims Organizations: Meta, Facebook, FBI, Tech, NBC News Locations: WhatsApp, France, Cambodia, OpenAI

☆ Wall Street is gearing up for an M&A boom under Trump. These companies could be attractive targets
▼ + stars: | 2024-11-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Now that the election is over, and a change at the FTC seems highly likely, Wall Street is getting ready for a new era. "In my opinion, bank M & A has reopened for every bank absent the globally systemically important banks," Mills told CNBC. DFS 1M mountain Shares of Discover Financial rallied sharply after the election of Donald Trump. The merger between those two companies was blocked by a judge and then dropped this past week , but both companies could be players moving forward. There's still a populist tone in the Trump campaign … and enforcement, in my opinion, is not going to go away.

Persons: Trump, Lina Khan, Carlyle, Harvey Schwartz, Morgan Stanley, Stephanie McCann, McDermott Will, Emery, Wolfe, Naturium, Goldman, Ed Mills, Raymond James, Mills, Donald Trump, Joe Biden's, Matt Gaetz —, —, There's, Kyle Healy, Alston, Michael Lynton Organizations: Federal Reserve, Federal Trade, FTC, Federal, CNBC, Wolfe Research, Amazon, Electronic Arts, Zoom Video Communications, EA, Activision Blizzard, Capital, Discover Financial Services, DFS, Discover Financial, Spirit Airlines, Frontier, JetBlue, Regulators, Trump, Bird, Warner Music Locations: Washington

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