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Reuters —American Airlines flight attendants have ratified a new five-year contract with the airline, the Association of Professional Flight Attendants (APFA) said on Thursday. With 95% of eligible flight attendants voting, 87% were in favor of the new deal, the union said. Flight attendants have also urged an end to the industry practice of not compensating crews for the time spent during boarding and waiting at the airport before and between flights. “Among the many improvements, the contract includes a new sit rig for compensation for long sits between flights, and American Airlines Flight Attendants become the first unionized workgroup to lock in pay for boarding,” APFA National President Julie Hedrick said. In addition to industry-leading wage rates, the new labor deal includes out-year wage increases and addresses many quality-of-life issues that the flight attendants have been advocating for, the union said.
Persons: , Julie Hedrick Organizations: Reuters — American Airlines, Association of Professional, American Airlines Flight
In a Thursday interview with CNBC's Jim Cramer, Signet Jewelers CEO Gina Drosos described the mood of consumers looking to buy engagement rings, saying demand is there, but many are more judicious when picking out diamonds. "We thought that engagements might come back a little faster, but there is a cautious consumer," Drosos said. She added that "newness" accelerated during the quarter, and customers are responding well to new products like sculpted gold. On the conference call, Drosos said Signet saw a 50% increase in revenue from new merchandise. Signet reported a mixed quarter before Thursday's open, with management optimistic about the momentum of same-store sales.
Persons: CNBC's Jim Cramer, Gina Drosos, Drosos, Jared, Zales, Kay Jewelers, Signet Organizations: Signet, Google
I wanted to feel empowered in those situations, and I fully believe that if you look like a mess, you feel like a mess. I hired a stylist for about $100 when I got professional headshots, but I returned to just being me right after. I'm speaking more, I'm on TV more, and I'm going to more events. AdvertisementIt's become hard to deny the ripple effect of having a stylist on my business. He was hesitant when I first hired a stylist, but he was fully supportive when he saw how I looked and felt.
Persons: Sabina Hitchen, I'd, they'd, Julie Kraus, She's, I've, lacy, Tuckernuck, Julie, It's Organizations: Service, Press, Business, Morning America, Google Locations: New York
CNBC's Jim Cramer on Thursday listed the CEOs he trusts even when the market doesn't, primarily naming executives from top tech companies. Cramer said investors shouldn't doubt solid companies every time a negative data point surfaces. Cramer said he's giving Amazon 's Andy Jassy, Broadcom 's Hock Tan and Nvidia 's Jensen Huang "the benefit of the doubt." Tech stocks can be hampered by investors who don't completely understand the companies' operations or trajectories, according to Cramer. "In tech, the complexity is such that Wall Street often reaches conclusions that have little to do with reality."
Persons: CNBC's Jim Cramer, Cramer, he's, Andy Jassy, Hock Tan, Jensen Huang Organizations: Dow Jones Industrial, Nasdaq, Broadcom, Nvidia, Amazon Locations: Tan
Cramer's Lightning Round: Garmin 'is going higher'
  + stars: | 2024-09-12 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Stock Chart Icon Stock chart icon CommScope's year-to-date stock performance. CommScope : "The stock has been on a real tear, and you know what, I don't know why. Stock Chart Icon Stock chart icon IonQ's year-to-date stock performance. Stock Chart Icon Stock chart icon Garmin's year-to-date stock performance. Stock Chart Icon Stock chart icon MongoDB's year-to-date stock performance.
Persons: I've Organizations: Garmin
Washington CNN —The Harris campaign is launching a new abortion-focused ad Thursday, capitalizing on what officials believe was one of the most pivotal exchanges between Vice President Kamala Harris and former President Donald Trump during Tuesday’s presidential debate. Harris’ team prepared the vice president to confront Trump on nationwide abortion restrictions. The newly released ad includes both candidates’ responses on abortion on the debate stage. Harris, in response, ran through personal stories of women struggling to get health care while navigating abortion restrictions. Harris campaign officials spent Wednesday poring over footage of the debate to identify key moments to put into new campaign TV and digital ads, according to the campaign, seeking to amplify what they perceive to be the strongest debate exchange.
Persons: Harris, Kamala Harris, Donald Trump, Harris ’, Trump, , ” Trump, Roe, Wade . Harris, , Walz, Julie Chavez Rodriguez, Joe Biden, Mark Robinson ., Roy Cooper, CNN’s Jeff Zeleny, Cooper Organizations: Washington CNN, Trump, GOP, Mark Robinson . North Carolina Democratic Gov, Labor Locations: Arizona, Nevada, North Carolina, Philadelphia
CNBC's Jim Cramer on Wednesday told investors that GameStop increasingly feels like a special purpose acquisition company as the videogame retailer's primary business struggles, but it still manages to raise cash. "Doesn't have to be a full plan, could be the mere idea of a plan, but so far, GameStop doesn't even have that — or if they do, they sure haven't shared it with us." The company managed to turn a profit due to interest on the $4.2 billion it has in cash, not underlying business. He agreed with an analyst from Wedbush who suggested the company close its physical stores and operate as a bank. "Ultimately, GameStop's always vulnerable to a short squeeze because, based on whatever nonsense the memesters can temporarily cook up," Cramer said.
Persons: CNBC's Jim Cramer, haven't, Wednesday's, Cramer, it's, Wedbush, he's, GameStop's Organizations: Wednesday, GameStop
"I say keep it simple: Rate cuts are good," he said. "Small rate cuts are great, because they project confidence and give you a lot more rat cuts later on, and they do not allow for panic." While overall inflation declined to its lowest level since February 2021, one key metric rose slightly more than expected, disappointing some who hoped the Fed would make a 50 basis-point rate cut instead of a 25 basis-point cut. He stressed that even a smaller rate cut than hoped would be positive for many businesses. But Cramer stressed the palpable tension on Wall Street does not set the stage for any steadfast conclusions.
Persons: CNBC's Jim Cramer, Cramer, Jensen Huang's, Morgan Organizations: Federal, Dow Jones Industrial, Nasdaq, Nvidia, Broadcom, Fed
Cramer's Lightning Round: PayPal is a buy
  + stars: | 2024-09-11 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Rivian : "Rivian's got the money to be able to make it. That doesn't mean that the stock is a buy, it does mean they're going to make it. So, I would say you've got to let it percolate. But it's not anytime soon."
Persons: Rivian's, you've, it's
Former President Donald Trump said he plans to vote yes on a ballot measure in Florida to legalize marijuana, his clearest stance so far on the issue. He wrote that arrests for marijuana possession of "personal amounts" waste taxpayers' dollars and suggested that the ballot measure would help prevent deaths from fentanyl-laced marijuana. If passed, the ballot measure would permit residents over 21 to possess, buy or consume marijuana recreationally. Ron DeSantis opposes the marijuana ballot measure and most congressional Republicans have in recent years voted against bills to reform U.S. policy on marijuana. Trump last month seemed to signal some support for another ballot measure in Florida: one that would expand abortion access.
Persons: Donald Trump, ” Trump, , Ron DeSantis, Sen, John Kennedy, I’m, Kennedy, Kevin Cramer, ” Cramer, Trump, Harris, Joseph Costello, Costello, Organizations: Florida Gov, Republicans, Trump, Newsmax, NBC News, Fox News Locations: Florida, North Dakota
"But, longer term, a well-run snack food company is a great place to be." Mondelez stock jumped over the past few weeks, now up more than 4% since the beginning of September, according to FactSet. To Cramer, Wall Street has embraced recession-proof food companies like Mondelez as investors worry about an economic slowdown. Lower rates makes these stocks "go out of style in the Wall Street fashion show," he added. He also expressed concerns about the effect of GLP-1 weight loss drugs on snack food companies as a whole.
Persons: CNBC's Jim Cramer, Cramer, Wall, Dirk Van de, Mondelez, Van de Organizations: Federal Reserve, Mondelez, Cadbury, Ritz, Fed, Bloomberg Locations: Mondelez
Stock Chart Icon Stock chart icon Citigroup's year-to-date stock performance. Stock Chart Icon Stock chart icon IES's year-to-date stock performance. Stock Chart Icon Stock chart icon IBM's year-to-date stock performance. Stock Chart Icon Stock chart icon Exxon Mobil's year-to-date stock performance. Stock Chart Icon Stock chart icon Alpha Metallurgical Resources' year-to-date stock performance.
Persons: Arvind Krishna Organizations: Citigroup, Citi, IBM, Parts, Exxon, Exxon Mobil, Alpha Metallurgical Resources
CNBC's Jim Cramer reviewed Tuesday's market action and asserted that tech stocks are easier to own for the long term while bank stocks suffer as the market broadens and experiences "economic choppiness." "You simply can't bank on the bank stocks right now, hence why the great broadening out is indeed fraught with risk," he said. "Meanwhile, tech may be torturous to own on a day-to-day basis, but long-term it's a cornucopia of rewards." He said many of these tech companies have lasting, secular themes, adding that any business related to data centers has "tremendous pin action." We don't have to play an interest rate guessing game with tech because the Fed is tangential."
Persons: CNBC's Jim Cramer, Daniel Pinto backtracked, Cramer, Jay Powell Organizations: JPMorgan, Federal, Dow Jones, Nasdaq, Big Tech, Nvidia, AMD, Microsoft, Oracle
“I lucked out.”Back then nobody imagined “Star Wars” would become a blockbuster, let alone an enduring franchise and cultural phenomenon. James Earl Jones and Darth Vader during "Star Wars: Episode II - Attack of the Clones" premiere event. Jesse Dittmar for The Washington Post/Getty Images Jones, seen here in 1960, was born in Arkabutla, Mississippi, in 1931. Steve Ringman/San Francisco Chronicle/Getty Images Jones appears with Alec Baldwin in a scene from "The Hunt for Red October" (1990). The LIFE Picture Collection/Getty Images Jones appears next to Darth Vader, who he famously voiced in the "Star Wars" movies.
Persons: James Earl Jones, Jones, Darth Vader, King ”, , Bob Iger, , ” Jones, George Lucas, David Prowse, “ George, Lucas, Vader, Jim Spellman, WireImage, , you’ve, Luke Skywalker, Mark Hamill, ” Hamill, He’ll, , ’ ”, Robert Earl Jones, James, Langston Hughes, Bettmann, Stanley Kubrick’s “, Strangelove, Jack Johnson, Tony, Sidney Poitier, Alex Haley, TV’s, Thulsa, Conan, ” Kevin Costner’s, Admiral Greer, Costner, Jones ’, King Jaffe Joffer, Wan Kenobi, Mufasa, “ L.A, Law ”, King James, Rachael Ray, ” James Earl Jones, Jesse Dittmar, William Shakespeare's, Stanley Kubrick's, Julienne Marie, Alan Aaronson, Harry Benson, Richard Nixon, Julie Harris, Angela Lansbury, Jerry Orbach, Muhammad Ali, King Lear, Jack Mitchell, Paul Robeson, Robeson, Hulton, Marlon Brando, Ronald Reagan's, AP Jones, Thulsa Doom, Everett, Steve Ringman, Alec Baldwin, Nick Ut, George H.W, George H.W . Bush, Bush, Doug Mills, Cecilia Hart, Flynn, Paul Simon, Chita Rivera, Laura Bush, George W, Alex Wong, Grace, Chris Haston, Rosa Parks, Faith Ringgold, Richard Drew, Kevin Wolf, Matt Rourke, Debbie Allen, Evan Agostini, Forest Whitaker, Kevin Winter, Vanessa Redgrave, Daisy, Sara Krulwich, Astrid Stawiarz, Marian Anderson, Matt Slocum, Grant Lamos IV, Steven Senne, John Atashian, Jones “, , Arthur Miller Organizations: CNN, , Walt Disney Company, American Film Institute, , University of Michigan, Army, Disney, The Washington Post, US Army, Newspapers, Broadway, CBS, Getty, New York Daily, Daily, ABC, Walt Disney Television, Everett, Hulton Deutsch, AP, San Francisco Chronicle, Mondadori, Arts, Kennedy, NBC, Elementary, NBA, National Constitution Center, Screen, New York Times, Harvard University, Globe, Academy of Locations: , Michigan, Mississippi, New York, Hollywood, America, “ The, African, Iowa, Arkabutla , Mississippi, New, Vietnam, Washington , DC, George H.W ., Montgomery, Independence, Philadelphia
Jim Cramer names chip stocks to buy on the dip
  + stars: | 2024-09-09 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
CNBC's Jim Cramer on Monday recommended three chip stocks to buy at a discount: Micron , AMD and Arm . "I think the chip stocks have sold off way too hard," he said. The chip sector has retreated in recent weeks, with SMH , a prominent semiconductor exchange-traded fund, down more than 18% from its 52-week high in July, according to FactSet. Micron : Cramer called Micron "the market leader in memory chips," and said the hyperscalers building out data centers need memory. He added that he thinks the stock is currently cheap based on its earnings estimates for the next fiscal year.
Persons: CNBC's Jim Cramer, FactSet, Cramer, , stoking, AMD's Organizations: Micron, AMD, Nvidia, Apple
CNBC's Jim Cramer on Monday suggested the Federal Reserve will make a rate cut at its meeting next week, a move that investors have eagerly awaited for some time. We're almost certain to get a rate cut at next week's meeting." The market seemed to recover on Monday following its worst week of 2024 so far, with investors hopeful a rate cut will aid the economy. Cramer reviewed the recent market action, saying Wall Street had not been behaving as it should with rate cuts just on the horizon. "Rather than trying to figure out what's driving these irrational moves, you should focus on buying dips in high-quality stocks," he said.
Persons: CNBC's Jim Cramer, payrolls, Cramer Organizations: Reserve, Fed, Dow Jones, Nasdaq
From the moment Paul Graham dropped his essay on "founder mode," people online analyzed it like a stone tablet found bearing the new commandment of startupdom. But there's one group that has been privately wrestling with "founder mode" since before it had a meme-able name: female founders. Four female founders told Business Insider that a stark double standard prevents them from operating their startups as their male counterparts do. Bumble founder Whitney Wolfe Herd wrote on Instagram that she was "in founder mode for 10 years and got attacked for it every single day." But unlike female founders, he and Neumann, the WeWork founder, enjoy the luxury of being given second chances by investors.
Persons: Paul Graham, Tobias Lütke, Baron Davis, Jessica Lessin, Tim Cook, Satya Nadella, that's, There's, they'll, Amanda E, J Morrison, Julie Products, Adam Neumann, Sophia Amoruso, it's, Whitney Wolfe Herd, Morrison, We've, they're, Clara Brenner, They're, she's, Julie, Christie Horvath, Wagmo's, Horvath, there's, Anna Barber, Barber, Jenny Fielding, Fielding, Elon, Sara Mauskopf, Slack, Musk, Mauskopf, Neumann, It's, Ty Haney, athleisure —, Haney, Graham's Organizations: Service, Founders, Spotify, Urban Innovation Fund, CVS, M13 Ventures, Ventures, TechCrunch
This as-told-to essay is based on a conversation with Julie Griggs and Danielle Dietzek, the founders of the dating app Fourplay. Over 30 guys in the first week told us this was so much fun and a better way to date. And from there, we Googled how to get an app started. And if you keep going, your app is going to totally break." I was still working as a PA and got a text from friends saying to turn on the show.
Persons: Julie Griggs, Danielle Dietzek, Griggs, Julie, Danielle, it's, iMessage, Mark Cuban, I've, We've, they've, we'd, Kelly, Ryan Organizations: Service, YouTube Locations: WhatsApp
Some Gen Alpha kids are taking a stand against buying too much stuff — and dragging their parents along for the ride. AdvertisementA 2024 survey of 1,000 Gen Alpha parents found that 63% of their kids care about sustainability. While Zoomers and millennials prefer to shop online, Gen Alpha specifically likes shopping in-store. Som Gen Alpha kids are "minimalists." Overall, Delisle doesn't think it's likely that every Gen Alpha child is above consumerism.
Persons: Yuriy Boykiv, we'll, Gen, McCrindle, Boykiv, Zers, Gen Alpha, Alpha, Wunderman Thompson, Alphas, Julie, she's, aren't, Laura Ascher, Alpha's, Stephen Yalof, David Delisle, Helenor Gilmour, Gilmour, Delisle, spender Organizations: Service, Alpha, Business, — Business, Gen Alpha, Wunderman Thompson Commerce, Gen, tweens, Stanley, Brain Locations: skincare
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full exclusive interview with Google Cloud CEO Thomas Kurian and Accenture CEO Julie SweetThomas Kurian, Google Cloud CEO and Julie Sweet, Accenture CEO, join 'Closing Bell Overtime' to talk announcement the two are expanding their investments in generative AI and cybersecurity.
Persons: Thomas Kurian, Julie Sweet Thomas Kurian, Julie Sweet Organizations: Google Cloud, Accenture, Google
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle Cloud CEO and Accenture CEO talk investments in generative AI and cybersecurityThomas Kurian, Google Cloud CEO and Julie Sweet, Accenture CEO, join 'Closing Bell Overtime' to talk announcement the two are expanding their investments in generative AI and cybersecurity.
Persons: cybersecurity Thomas Kurian, Julie Sweet Organizations: Google, Accenture
AdvertisementJoshi's dating app, Friend of a Friend, has ads plastered around New York City. AdvertisementThe anti-swipersWhen setting out to build a dating app, swiping fatigue was top of mind for Vaish Sesetty and Cyrus Belsoi, the founders of the dating app Pique. AdvertisementLast year, Chernyak followed her frustration out of her legal career and launched the video-profile dating app Fast-Forward Dating App with two cofounders. AdvertisementThe Instagram DMsOne of the biggest dating apps isn't even a dating app — it's Instagram. Fast-Forward Dating App is a video-profile dating app where users answer five questions on camera with no edits or filters.
Persons: , Forbes, who'd, Serena Kerrigan, Kerrigan, Rex Woodbury, Vaish Sesetty, Cyrus Belsoi, Belsoi, Karima Ben Abdelmalek, France who's, Abdelmalek, they've, Happn, Joe Feminella, Feminella, Hannah, Elle Wilson, Wilson, Danielle Dietzek, Julie Griggs, Fourplay, Nicole Fara Silver, Dietzek, Anushka Joshi, Friend, Joshi, Derek Lee, Lee, Boo, David Chang, Richard Chang, Katya Chernyak, Chernyak, Aeen Avini, Victoria Todis, Bumble, Nandini Mullaji, Mullaji, Chad DePue, who's, Jeremy Liew, Sitch, Alex Weitzman, hasn't, Weitzman, Amori, Tabitha, Ethan, Pique, Lieu Organizations: Service, Match, Business, Bradley, Microsoft, Daybreak Ventures, Amazon Web Services, Manna, New, Lightspeed Locations: New York City, York City, Paris, TikTok, Park, Brooklyn, France, singlehood, Victoria, Chicago, Los Angeles, Phoenix, Sitch
Let's make a dealThere's no one way to get promoted in venture capital. Amanda "Robby" Robson became a partner at Cowboy Ventures at 29 years old, making her the youngest partner in the firm's history. Network your way to a promotionFundraising for venture firms has become increasingly competitive, with dollars concentrated into fewer legacy funds. Firms might be faster to hire or promote young investors who land deals in the desired category. The next day, the fund promoted him to senior associate and Brenner made it LinkedIn-official.
Persons: , Dan Miller, Abigail Johnson, Michael Larsen, It's, Clara Brenner, Larsen, Amanda, Robby, Robson, Jill Chase, Chase, Miller, " Miller, Johnson, Jenieri Cyrus, Julie Lein, Brenner, Cyrus Organizations: Service, Business, True, Sapphire Ventures, Cambridge Associates, Urban Innovation Fund, Investors, Google, Cowboy Ventures, TechCrunch, intel, Urban, Northwestern Kellogg, LinkedIn Locations: Northwestern
Subscription revenue growth grew 17%. With respect to guidance, Workday is now looking for an adjusted operating margin of 25.25% in the 2025 fiscal year, compared with the 25% forecast it provided in May. In September 2023, Workday said it was targeting a 25% adjusted operating margin for fiscal year 2027 and subscription revenue growth between 17% and 19%. Deutsche Bank analysts led by Brad Zelnick increased their 12-month price target on Workday stock to $275 from $265. "The increased 30% operating margin target was the big upside surprise as it is now committed both sooner and greater than most were expecting," the analysts wrote.
Persons: Carl Eschenbach, Zane Rowe, Rowe, We're, Brad Zelnick, Piper Sandler, Jerome Powell, Carl Eschenbach didn't, Julie Biel Organizations: Deutsche Bank, Citi, Evercore ISI, Computing Fund Locations: Davos, Switzerland
It wasn’t 1968. It wasn’t even close. While thousands of people joined enthusiastic daily protests in parks and on the streets of Chicago, a city with a deep history of protests, their numbers were fewer than organizers had hoped. All week, demonstrators chanted and marched near the convention site, angrily calling for a cease-fire and an end to U.S. aid for Israel, but failed to seriously disrupt the convention and its celebration of Vice President Kamala Harris, the party’s presidential nominee. Though many demonstrators hoped that the convention organizers would grant a speaker of Palestinian descent a chance to address the crowd, that request was ultimately denied.
Persons: Kamala Harris, Harris Organizations: Convention, Democratic Party Locations: Chicago, Gaza, Israel
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