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Read previewCreator-commerce company LTK launched this week a shoppable full-screen short-video feature to compete with platforms like YouTube, TikTok, and Amazon in social shopping. The video feature lives on the LTK app and can be found on a creator's LTK account. AdvertisementAlongside the full-screen video feature, LTK is also releasing a feature called Daily Drops in the coming weeks. And, creator videos on LTK have averaged 64% more click-outs to retailers. Many fashion, beauty, and lifestyle creators have shoppable profiles with LTK, and users are accustomed to scrolling through the app to shop.
Persons: , LTK, It's, it's, Allison Yazdian, Yazdian, hasn't Organizations: Service, Business, YouTube, Shoppers, Amazon Locations: Dallas
Celeste Evanovich, a 28-year-old tattoo artist and content creator, said she has noticed an influx of Gen Z brides souring on their tattoos. 'Clean girl' aestheticEvanovich said the influx in bridal tattoo regret could be caused by the "clean girl aesthetic", a beauty trend which first blew up on TikTok in 2022. Evanovich pointed out TikTok videos where some women said their tattoos made them feel like they couldn't achieve a "clean" look. freemixer/Getty Images"The clean girl aesthetics and weddings go hand and hand. There's the age-old expectations for women to be pure on their wedding day, wearing bright white," Evanovich said in the video.
Persons: , Celeste Evanovich, souring, Evanovich, @smoneyyz, I'm, Stu Hepcat, Pollyana Ventura, Hepcat, it's, Samantha Jane, Samantha, Ariana Grande, Dalton Gomez Organizations: Service, Business, NBC, Pew Research Center Locations: Glasgow, Scotland, New York
The stock market is gearing up for its rate cut era
  + stars: | 2024-07-26 | by ( Krystal Hur | ) edition.cnn.com   time to read: +4 min
Data Thursday showed the economy expanded at a robust 2.8% annualized rate during the second quarter, blowing past economists’ expectations. While the Fed has penciled in just one rate cut for this year, traders are betting on up to three, according to the CME FedWatch Tool. While the market was broadly higher on Friday, the S&P 500 and Nasdaq on Wednesday logged their worst daily performances since 2022. Shares of smaller companies tend to perform poorly when rates are high, since they have more floating rate debt than their larger counterparts. Investors are also picking at other areas of the market poised to gain when rates come down.
Persons: , Dow, Russell, Stephen Lee Organizations: New, New York CNN, Federal Reserve, Big Tech, Nasdaq, MRB Partners, YouTube, Logan Capital Locations: New York
Without Peter Thiel, Vance does not get anywhere near the US Senate. And in Silicon Valley, the conservative movement is much stronger, and more muscular than it was before. AdvertisementThere's this narrative, promoted by people like Thiel, that Silicon Valley is super-liberal. Because Silicon Valley has conservative roots in addition to roots in the counterculture. AdvertisementLike I said, the liberal nature of Silicon Valley has always been sort of overplayed.
Persons: , I'm, Donald Trump, Vance, Peter Thiel —, Max Chafkin, who's, Thiel, Peter Thiel's, Trump, JD Vance, Narya, It's, supercharge, Bill Pugliano, David Sacks, Peter Thiel, revel, that's, he's, Elon Musk, Marc Andreessen, They're, Elon Musk's, Apu Gomes, Steve Jobs, Ben Horowitz Organizations: Service, Republican, Trump, Business, Bloomberg Businessweek, Republican National Convention, YouTube, Ohio Senate, The, Thiel, Twitter Locations: Silicon Valley, Mithril, Narya, Ohio, West Coast, , America, Silicon, San Francisco
Fort Lauderdale, Florida (AP) — A judge says controversial social media personality Andrew Tate’s defamation lawsuit against a Florida woman who accused him of imprisoning her in Romania can move forward, but he threw out Tate’s allegations against her parents and some allegations against the woman. Romanian officials indicted the Tates last year, saying the brothers forced seven victims into pornography and subjected them to physical violence. Her attorneys say the lawsuit is in retribution for her reporting him to authorities. Curley dismissed the Tates’ accusations that the woman’s parents defamed them when they told American diplomatic officials about their daughter’s allegations. Attorneys for the Tates and the woman each said Curley’s decision was a win for their side.
Persons: , Andrew Tate’s, Joseph Curley, Tristan, Curley, ” Curley, Joseph McBride, Judge Curley’s, Andrew, Tristan Tate’s, , Dani Pinter, Andrew Tate Organizations: Circuit, Associated Press, Tate, National Center, Sexual, Britain, Prosecutors, YouTube, Facebook, BBC Locations: Fort Lauderdale , Florida, Florida, Romania, Palm Beach, American, Moldovan, Great Britain, United States, Britain
Read previewOne of MrBeast's oldest friends quit working with him after allegations were made about her messaging a child. YouTube superstar MrBeast, whose real name is Jimmy Donaldson, has been adept at dodging criticism and controversy in his career. AdvertisementTyson has been accused by several YouTubers of messaging a young fan when he was 13 and Tyson was 20. BI asked Donaldson and Tyson for further comment but did not receive a response. Donaldson posted a statement on the night of July 24, saying he was "disgusted and opposed" to Tyson's behavior and had hired a third-party investigator.
Persons: , MrBeast, Jimmy Donaldson, Ava Tyson, Tyson, Donaldson, Adrox, Prism42, Ava, I've, Don Arnold, Colleen Ballinger, Miranda, Katya Varbanova, Donaldson hasn't, hasn't, Varbanova Organizations: Service, Business, BI, Getty
Spotify is chasing the huge growth in video podcasting. The company is hosting a masterclass on July 25 on best practices for podcasters embracing video. Here are three takeaways from successful video podcasters in the masterclass. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On Thursday, July 25, the streaming company is hosting a free online masterclass for podcast creators looking to embrace video.
Persons: , Jordan Newman, Colin Rosenblum, Samir Chaudry, Colin, Samir Organizations: Spotify, Service, YouTube, Business
The S & P 500 and Nasdaq Composite suffered their biggest one-day losses since late 2022, dropping 2.3% and 3.6%, respectively. The small-cap Russell 2000 was a relative outperformer, ending the day down 2.1%. The Russell is up 7.2% month to date, while the S & P 500 and Nasdaq have fallen 0.6% and 2.2%, respectively, during that time. "I think for the month of August small caps can do something more than 15% even, because they underperformed so dramatically. And the type of move we've seen just the last two weeks is something that only happens at the start of a pretty significant advance for small caps."
Persons: Tom Lee, Russell, Lee, Donald Trump, Trump, we've Organizations: Fundstrat Global Advisors, Nasdaq, Trump White House, Nvidia
He's not doing all this out of the kindness of his heart; he's doing it because he wants the credit-card rewards. In a recent poll from Ipsos, 71% of Americans surveyed said they had some sort of rewards, points, or cash-back card, and 80% of those with such a card said they valued their rewards. But maybe we love our credit-card rewards too much, to the point that it's making us act in less-than-ideal ways toward those we hold near and dear. But credit-card rewards are, indeed, making things uncomfortable. I recently booked a fight with a friend who remarked she'd gotten some $300 in travel credit from her rewards card.
Persons: Pam, she's, It's, He's, Jane, Joe, there's, Mary fuming, Matt Schulz, Taylor Swift, I'm, Jen, who's, She'd, nonpoints, Emily Thompson, Guy, they'd, Ted Rossman, , Danielle Bayard Jackson, she'd, Thompson, I'd, Matt, " Schulz, LendingTree, they've, Emily Stewart Organizations: brunch, LendingTree, American, Business Locations: San Francisco, Ipsos, Singapore, Chicago, Alaska, Florida
CNN —Five wins to open his UFC career had Tom Aspinall on course for a title shot. A kick from Aspinall connected with Blaydes’ leg and the British fighter dropped to the canvas, clutching his knee in pain, with the fight ending prematurely. The UFC is seen as the pinnacle of MMA and therefore comes with increased attention, but Aspinall was unfazed. Aspinall says it will be "great" co-headlining UFC 304, an event featuring British fighters competing in each bout. Aspinall says that he feels like "the best in the world" despite holding the interim heavyweight title.
Persons: Tom Aspinall, Curtis Blaydes, Aspinall, Blaydes, , ” Aspinall, Julian Finney, I’ve, I’m, Curtis, Tom, Chris Unger, it’s, ” ’, , , you’ll, he’s, , ’ ” Aspinall, Marcin Tybura, Jon Jones, Stipe Miocic, Jones, Sergei Pavlovich, Pavlovich, Henry Cejudo, Georges, Pierre, ” Cejudo, “ What’s, doesn’t, Cooper Neill, Aspinall’s, Leon Edward’s, Belal Muhammad, It’s, You’re Organizations: CNN —, UFC, O2, CNN Sport, , Manchester, British, YouTube, ” CNN Locations: London, British, New York’s, Manchester
One of my friends had done a coding boot camp and told me she really enjoyed it. The boot camp was intenseI quit teaching after summer school in 2021 and started the boot camp in August. The job search was roughAfter the boot camp ended, looking for a job was very difficult. The boot camp seemed like the only way for me to transition into techI'll be done paying off the boot camp in October. I saw the boot camp as the best way to learn the skills I needed to transition into tech.
Persons: , Xavier Carrillo, wasn't, We'd, wouldn't, could've, Carrillo, Jane Zhang Organizations: Service, Business, Baruch, New York City Teaching, General, Apple, YouTube Locations: New York City, New York, Ecuador, janezhang@businessinsider.com
One of my friends had done a coding boot camp and told me she really enjoyed it. The boot camp was intenseI quit teaching after summer school in 2021 and started the boot camp in August. The boot camp provided us with a career coach, but some of my classmates never broke into tech or returned to what they were doing. The boot camp seemed like the only way for me to transition into techI'll be done paying off the boot camp in October. I saw the boot camp as the best way to learn the skills I needed to transition into tech.
Persons: , Xavier Carrillo, wasn't, We'd, wouldn't, could've, Carrillo, Jane Zhang Organizations: Service, Business, Baruch, New York City Teaching, General, Apple, YouTube Locations: New York City, New York, Ecuador, janezhang@businessinsider.com
What we learned from Tesla and Alphabet earnings gave us reasons to remain upbeat about Nvidia shares despite another brutal tech sell-off . Nvidia was the "big winner" Tuesday evening, Jim Cramer said Wednesday on CNBC. The Club stock was down only 3% at the time of Jim's comments. Following an earnings miss that pressured Tesla stock, CEO Elon Musk sang Nvidia's praises. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, Tesla, Elon Musk, Musk, we've, ChatGPT, Musk's, Sundar Pichai, Pichai, Nvidia's, Blackwell, Jim, Jim Cramer's, Jensen Huang, Cheng Organizations: Nvidia, CNBC, The Club, Nasdaq, Microsoft, Devices, Google, Management, Club, AFP, Getty Locations: Taipei
Alphabet investors may want to prepare for some volatility moving forward. However, shares fell about 5% as the company also reported lower-than-expected YouTube advertising revenue. On top of that, Alphabet highlighted plans to boost capital expenditures as it races to meet rising artificial intelligence demand. That is due in part to tough advertising comparisons amid the anniversary of a particular strong period for Asia and Pacific retailers. The move to 'future proof' business Some analysts and investors are reading the tea leaves with a positive tilt, however.
Persons: Ruth Porat, Sundar Pichai, Porat, Mark Shmulik, Brent Thill, Benjamin Black, Ross Sandler, Gene Munster, Goldman Sachs, Eric Sheridan, Bank of America's Justin Post, Truist's Youssef Squali, Citi's Ronald Josey Organizations: Jefferies, Deutsche Bank, Barclays, Bank of America's, DR Locations: Asia, Pacific
He's even expanded his job search to restaurant and retail jobs — e.g. AdvertisementHesmondhalgh shared why he thinks his job search has been so challenging and what he plans to do moving forward. AdvertisementIdeally, he'd land a job in journalism — the field he has two degrees in. He thinks he's struggled to land journalism roles because most of the positions he's looked at require three to five years of formal newsroom experience, and he doesn't have that. Going forward, Hesmondhalgh said he plans to continue his job search for as long as necessary.
Persons: , Roland Hesmondhalgh, He's, Hesmondhalgh, hasn't, he's, it's, he'll Organizations: Service, Florida Institute of Technology, Business, Georgetown, Bureau of Labor Statistics, Supreme, US Capitol Locations: Virginia, Washington, DC, Arlington , Virginia
Lamb Weston generated adjusted earnings of 78 cents per share on $1.61 billion of revenue. Wall Street analysts were looking for $1.26 per share in earnings on $1.70 billion of revenue, according to FactSet. Tesla did beat expectations on revenue, however, posting $25.5 billion compared to the consensus estimate of $24.77 billion, per LSEG. Vertiv posted earnings of 67 cents per share, which is above the FactSet consensus estimate of 57 cents per share. The company posted earnings of $3.26 per share, which is below the FactSet consensus estimate of $3.28 per share.
Persons: Lamb Weston, Tesla, LSEG, Vertiv, FactSet, Amphenol, , Alex Harring, Yun Li, Hakyung Kim, Jesse Pound, Sarah Min Organizations: Wall Street, Rivian Automotive, Energy, Seagate Technology, Vertiv Holdings, Revenue, Google, YouTube, StreetAccount, Visa —, Visa, LSEG, FactSet, Dynamics, Boston
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn Tuesday's earnings call, investors repeatedly pressed Alphabet's leadership team for more information about how its AI initiatives are performing and how they would generate revenue, but executives remained tight-lipped. In April the CEO of Google DeepMind, Demis Hassabis, said that Google plans to invest more than $100 billion over time to develop AI technology. Advertisement"On the cloud and AI stuff, you know, it's obviously, you know, you know, something which I think will end up being a big driver over time," Pichai said. The company's cloud business crossed $10 billion in revenue for the first time, reaching $10.3 billion — fueled in part by AI demand, Pichai said.
Persons: , Sundar Pichai, Philipp Schindler chimed, Pichai, Schindler, Demis Hassabis Organizations: Service, Business, Google, AIs, YouTube
Jim Cramer examines Wednesday's brutal tech sell-off
  + stars: | 2024-07-24 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
CNBC's Jim Cramer looked at what might have spurred Wednesday's Big Tech sell-offs, reviewing why investors may have been disappointed with earnings from Alphabet and Tesla . Cramer was impressed with the strength in the company's search business, as well as its Google Cloud revenue, which topped estimates at $10.35 billion. But Cramer said CEO Elon Musk "told a great story of self-driving technology, sorely needed energy production, not to mention humanoid robots." Cramer suggested both Alphabet and Tesla might not have declined if the market wasn't in the midst of a broader rotation out of tech. Cramer also examined stocks that have been seeing gains on the S&P 600 — the S&P's small cap index — as investors sell the mega caps.
Persons: CNBC's Jim Cramer, it's, Tesla, Cramer, Elon Musk Organizations: Big Tech, Nasdaq, Google, ATI, Ensign Group, SPS Commerce, Mueller
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer called out the decline in U.S. government bond yields, saying it points to signs that "the economy is weakening." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim, Ford, Estee Lauder, Cramer, Jim Cramer's Organizations: CNBC, Apple, Google, RBC Capital
President Joe Biden will delivered a speech from the Oval Office to explain his decision to drop out of the presidential race against former President Donald Trump, and laid out his plan for the remaining months of his term. It was the first time Biden has addressed the nation since exiting the race and endorsing Vice President Kamala Harris to replace him. The president returned to Washington on Tuesday after quarantining at his Delaware beach house with Covid-19. Subscribe to CNBC on YouTube.
Persons: Joe Biden, Donald Trump, Biden, Kamala Harris, quarantining Organizations: CNBC, YouTube Locations: Washington, Delaware
Alphabet stock dropped Wednesday after earnings as Wall Street parsed mixed results. AdvertisementAlphabet stock slid Wednesday as investors digested second-quarter results that beat earnings estimates but fell short in other key areas. The mixed results sent the stock down 5% in Wednesday afternoon trading, but Goldman Sachs analysts say they remain optimistic about the company's artificial intelligence opportunities. Goldman Sachs was upbeat in its analysis, raising Alphabet's price target from $211 to $217 in a note after the company released earnings. AdvertisementGoldman says its optimism comes largely from Alphabet's AI opportunity.
Persons: Goldman Sachs, , Goldman, Sundar Pichai, Pichai Organizations: Service, YouTube, Wall
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet's ad revenue dip is a buying opportunity, says MNTN CEO Mark DouglasMark Douglas, CEO of MNTN, joins CNBC's 'The Exchange' to discuss Alphabet's earnings, why advertisers don't like YouTube, and more.
Persons: Mark Douglas Mark Douglas Organizations: YouTube
New York CNN —Tech shares led a selloff Wednesday after lackluster earnings reports from two of the market’s most prominent heavyweights. The Nasdaq Composite declined 3%, on pace for its worst daily percentage decline since December 2022. The electric vehicle maker faces growing competition from established automakers domestically and internationally and a slowdown in EV sales growth. Wall Street has rotated out of the tech bigwigs that led stocks higher over the past year in favor of smaller stocks that have been beaten down by sky-high rates. The Russell 2000, which tracks the performance of US small-cap stocks, is up 9.3% for the month, outperforming the S&P 500’s 0.1% loss.
Persons: didn’t, Russell, cybercriminals, Biden Organizations: New, New York CNN — Tech, Nasdaq, Dow, YouTube, Federal Reserve, Investors, Bloomberg Locations: New York, China
Tesla — Stock in the electric vehicle company sank about 9% after second-quarter earnings were weaker-than-expected. Texas Instruments — Stock in the chipmaker ticked up about 2% thanks to better-than-expected second-quarter earnings. Texas Instruments reported earnings of $1.22 per share while analysts polled by LSEG expected $1.17. Visa's $8.9 billion in revenue was slightly weaker than an estimated $8.92 billion from analysts polled by LSEG. Analysts polled by LSEG forecast $404 million.
Persons: LSEG, Goldman Sachs, Goldman, , Alex Harring, Sarah Min, Jesse Pound Organizations: YouTube, . Texas, , Texas, Garden Entertainment, Visa —, LSEG, FactSet, Capital, Meta, Seagate, Enphase Energy Locations: Madison
Nasdaq futures fell after Alphabet and Tesla reported earnings. Tesla auto revenue dropsTesla's second-quarter earnings fell short of expectations as automotive sales declined for the second consecutive quarter. YouTube's ad revenue fell short of estimates amid increased competition from platforms like TikTok. GM skidsGeneral Motors' beat second-quarter earnings estimates but shares fell 6% as it restructures its struggling autonomous vehicles and Chinese business. RBC Capital Markets' Tom Narayan highlighted GM's expectation that second-half earnings will be $2.5 billion lower than in the first half.
Persons: Tesla, Ruth Porat, Morgan Stanley's Adam Jonas, Tom Narayan Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Treasury, Tesla, GM, General, RBC Capital Markets, United Parcel Service, UPS, Barclays, CNBC Pro Locations: New York City, U.S, Waymo
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