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Workday stock slips on light quarterly forecast
  + stars: | 2024-11-26 | by ( Jordan Novet | ) www.cnbc.com   time to read: +2 min
For the fiscal fourth quarter, Workday called for an adjusted operating margin of 25% on $2.03 billion in subscription revenue. Analysts polled by StreetAccount were looking for a 25.5% margin and $2.04 billion in subscription revenue. Subscription revenue totaled $1.96 billion, up around 16%, consistent with the $1.96 billion consensus among analysts surveyed by StreetAccount. In October Workday told employees that Doug Robinson, a co-president, will retireDuring the quarter, Workday acquired contract lifecycle management software startup Evisort. Workday's finance chief, Zane Rowe, called for $8.8 billion in fiscal year 2026 subscription revenue, good for 14% growth.
Persons: Carl Eschenbach, StreetAccount, Rowe, Rob Enslin, Doug Robinson, Zane Rowe Organizations: Allen & Company Sun Valley, U.S ., Google, SAP Locations: Sun Valley , Idaho, U.S
Dell shares fall on light forecast despite growing AI sales
  + stars: | 2024-11-26 | by ( Kif Leswing | ) www.cnbc.com   time to read: +3 min
Dell Technologies forecast fourth-quarter revenue and earnings below Wall Street expectations on Tuesday, despite bullish commentary from the company on AI sales growth. It said it expected $2.50 in adjusted earnings per share, versus expectations of $2.65 per share. Dell's AI server sales are reported in the company's Infrastructure Solutions Group (ISG), which includes AI servers, storage, networking components, and traditional servers. The strongest part of Dell's ISG business was its Servers and Networking subsidiary, which includes AI systems. The overall ISG unit is more profitable, thanks to sales of pricier AI systems.
Persons: Michael Dell, Dell, Jensen Huang, Jeff Clarke Organizations: Dell Inc, Dell Technologies, Dell, Nvidia, Blackwell, Solutions, Networking, Intel, AMD Locations: Las Vegas , Nevada, Asia, Dell's
Courtesy of Chloé Skye WeiserLater, the Covid lockdowns added more difficulty to the mix. By attending a mix of events, some geared to internationals and others to Danes, I've found community, felt a sense of belonging, and grown as a person. Courtesy of Chloé Skye WeiserConnecting with visitors gives me the opportunity to practice my Danish. Courtesy of Chloé Skye WeiserThis sense of camaraderie serves as a bridge to further conversation. Courtesy of Chloé Skye WeiserWe celebrate each other's performances and sometimes meet outside of karaoke to practice duets.
Persons: It's, Danes, I've, Skye Weiser, I'm, Rikke, She's, Rikke's, Bouldering, Pernille Organizations: Palestine, Danes, Cafe, Denmark, Ungdomshuset Odense, Ungdomshuset Locations: Denmark, Czechia, Czech, Odense, Danish, Funen, New York, Israel, Cafe Odense, Skye Weiser, Ungdomshuset Odense
The Dick's Sporting Goods logo is displayed on the floor of a store on September 04, 2024 in Daly City, California. Dick's Sporting Goods raised its full-year guidance on Tuesday after what CEO Lauren Hobart called an "excellent" back-to-school shopping season and better-than-expected comparable sales for its third quarter. The sporting goods giant is now expecting fiscal 2024 same-store sales to grow between 3.6% and 4.2%, up from a previous range of 2.5% to 3.5%. Dick's said the strong quarter led it to also raise its full-year sales and earnings guidance. It's now expecting full-year earnings per share to be between $13.65 and $13.95, ahead of previous guidance of $13.55 to $13.90.
Persons: Lauren Hobart, Hobart, StreetAccount, Dick's, It's Organizations: Dick's Sporting Goods, LSEG Locations: Daly City , California
AdvertisementDonald Trump's latest tariff threats have set alarm bells ringing on Wall Street. Analysts warned of a trade war, volatility, steeper inflation, and a flight to safety in markets. Analysts said the president-elect's latest threats could presage tariffs on other countries' exports and escalate into a full-scale trade war. "There has been a view among some investors that Trump's tariff talk was a negotiating tactic, a threat rather than a promise. Advertisement"The president-elect's scorched-earth approach has stoked fears of a trade war, with investors increasingly wary that Europe could be next in his crosshairs."
Persons: Donald Trump's, Donald Trump, There's, George Saravelos, Trump, Dan Coatsworth, AJ Bell, Matt Britzman, Hargreaves Lansdown, Nigel Green, Mark Haefele, Ruben Ferreira, FlowCommunity Organizations: Analysts, Deutsche Bank, Free, deVere, UBS Global Wealth Management Locations: Mexico, Canada, China, America, Europe
AdvertisementA TikTok influencer was arrested after an incident involving the theft of $500 of goods from Target. Police say they identified Marlena Velez, who has 360,000+ TikTok followers, through a video she posted. AdvertisementAccording to a news release, the Cape Coral Police Department in Florida responded to a report last Wednesday about a theft at a Target store in Cape Coral that occurred on October 30. AdvertisementThe Cape Coral Police Department shared photographs of the woman on social media to help identify her. According to the press statement, an anonymous tip received in response to the photos provided officers with information on 22-year-old social media influencer Marlena Velez and directed them to her Instagram handle.
Persons: influencer, Marlena Velez, Velez, Mercedes Phillips, Phillips, Marlena Valez Organizations: Target . Police, Target . Authorities, Cape Coral Police Department, Police, Coral Police Department, Business, Sheriff's Locations: Target, Florida, Cape Coral, Lee
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on November 26, 2024, in New York City. U.S. stock futures opened little changed on Tuesday night as traders await the release of the Federal Reserve's favorite inflation gauge. Futures tied to the Dow Jones Industrial Average added 20 points, or 0.04%. Economists polled by Dow Jones expect a year-over-year increase of 2.8% for the core reading, which excludes food and energy. Both the S&P 500 and the Dow Jones Industrial Average reached fresh intraday and closing highs.
Persons: Dow Jones, Stephen Stanley, CNBC's, That's, It's Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dell Technologies, Fed, Santander U.S, Capital Markets Locations: New York City . U.S, U.S
The bipartisan legislation, introduced to Congress in 2023, would create a federal workplace retirement account for workers, similar to a 401(k). Such a plan would undoubtedly improve outcomes for those who wouldn't have otherwise have access to workplace retirement accounts, a recent study from Morningstar finds. Matching tax credit: Workers under a certain salary threshold would be eligible for a "match" in the form of a federal tax credit. Workers under a certain salary threshold would be eligible for a "match" in the form of a federal tax credit. "A lot of people would think of this federal plan as their [only] plan," he says.
Persons: Uncle Sam, Spencer Look, there'd Organizations: Savings, Morningstar, Workers
AdvertisementTo find the best stuffing recipe, I turned to Ina Garten, Paula Deen, Ree Drummond, Sunny Anderson. In search of the best stuffing recipe, I turned to celebrity chefs Ina Garten, Paula Deen, Ree Drummond, and Sunny Anderson. Related Video We got a local and a British tourist to find Philadelphia's best cheesesteakGarten's herb-and-apple stuffing features plenty of fresh ingredientsThe ingredients for Ina Garten's stuffing recipe. AdvertisementDrummond's stuffing recipe requires 3 kinds of breadThe ingredients for Ree Drummond's stuffing recipe. Anderson's stuffing recipe has 4 flavor combinations to choose fromThe ingredients for Sunny Anderson's stuffing recipe.
Persons: Ina Garten, Paula Deen, Ree Drummond, Sunny Anderson, Deen, Here's, Ina Garten's, Paige Bennett, I'd, Paula Deen's, Ree, Anderson, veggies, we've Locations: Turkey, British
And while these larger social media platforms still dwarf Bluesky, the startup now has more than 22 million users and is not showing any signs of slowing down. Bluesky had experienced a previous surge in July 2023 after X, then still named Twitter, temporarily limited the number of posts users could read per day. Just days before Musk officially took over Twitter, the Bluesky team publicly unveiled more details about their project and rolled out a waitlist for the Bluesky app. Despite Bluesky starting as a side project within Twitter, the startup has lost its last connection to the original micro-blogging app. Bluesky is looking for ways to support the users "who are actually the ones making the network awesome and fun," Wang said.
Persons: Rose Wang, Elon Musk's, Bluesky, Wang, David Carr, Carr, Jay Graber, Jack Dorsey, Jay, Graber, Daniel Holmgren, Paul Frazee, Dorsey, Parag Agrawal, Musk, Nostr, Jack, we're, Mark Zuckerberg, Jack Johnston, Johnston, Gen, That's, It's, Similarweb's Carr Organizations: Twitter, CNBC, Brazilian Supreme, Google, Yahoo, Myspace, Facebook, Anthropic, Delaware State, PBLLC, Bluesky, Blockchain Capital, Blockchain, cryptocurrency Locations: Brazil, San Francisco
Here are 12 cities where rent is affordable and on the decline. Even if renters score savings this winter, apartment prices remain 2.3% to 2.5% higher than they were a year ago, according to Zumper. 12 cities with attractively priced apartmentsAlthough the national rate for one-bedroom rent didn't budge this month, there are a dozen midsize or large US cities where apartments are reasonably priced and heading down. Below are the 12 cities where rent was at least $250 cheaper than the national median price of $1,534 in November and less expensive than 12 months ago. Along with each market are its year-over-year and month-over-month rent changes and its median rent, the savings compared to the national median, and its rank among the 100 top US real-estate markets.
Persons: Zumper, Anthemos Georgiades, that's Organizations: Federal Reserve
In the Ukraine war, drones are surveilling and striking enemy vehicles and troop positions. Four years ago, the SpaceX founder said a remotely controlled uncrewed fighter would be a better alternative to the F-35 and argued the future is autonomous drone warfare. AdvertisementIn the Ukraine war, drones have been a priority for combatants, but Ukraine still seeks Western fighter aircraft. Some former pilots and warfighting analysts say the US military should combine drones and crewed fighter aircraft. In this situation, uncrewed systems enhance crewed systems and vice versa.
Persons: Elon Musk, Eric Schmidt, Musk, SERGEI SUPINSKY, That's, Justin Bronk, Guy Snodgrass, Andrej Tarfila, Lockheed Martin, Mark Gunzinger, Bronk, Gunzinger Organizations: Army, Trump's Department, SpaceX, Getty, Royal United Services Institute, uncrewed, Lockheed, BI, US Air Force, Concepts, Mitchell Institute for Aerospace Studies Locations: Ukraine, Kyiv, Western, AFP
The court heard she had been cornered in an office by police and paramedics and had refused to put down a steak knife when White deployed his Taser. Video released by the court shows Clare Nowland at the nursing home about 10 minutes before she was shocked by the Taser. Asked for his first impressions of Nowland, White agreed that she was elderly, but took issue with the suggestion she may have been frail. “You see this?” White asked her. The court heard White had the Taser pointed at Nowland, its light shining in her eyes, for one minute before he used it.
Persons: Australia CNN —, Constable Kristian White, Clare Nowland –, , White, Clare Nowland, , Nowland, ” White, , wouldn’t, you’re, it’s, Brett Hatfield Organizations: Australia CNN, Taser, NSW, Crown, NSW Police Service Locations: Brisbane, Australia, Yallambee, New South Wales, Clare, Cooma , New South Wales, NSW, Hatfield,
AdvertisementIn a podcast interview, Eric Schmidt warned that AI dating may increase loneliness among young men. The former Google CEO said young men dating the "perfect" AI girlfriend may also lead to obsession. He suggested AI regulation changes but expects little action without a major incident. Former Google CEO Eric Schmidt recently shared his concerns about young men crafting AI romantic partners and said he agrees that AI dating will actually increase loneliness. AdvertisementSchmidt said he doesn't expect much AI regulation in the next four years as Trump's administration will likely have other priorities.
Persons: Eric Schmidt, Schmidt, G, Scott Galloway, he's, Donald Trump's, Brendan Carr Organizations: Google, Study
CNN —Former Argentina captain Javier Mascherano will be Inter Miami’s new head coach, the club announced on Tuesday. Mascherano will reunite with legendary forward Lionel Messi, who he played alongside for the national team and spent almost eight years with at Barcelona. This will be Mascherano’s first senior managerial position, having previously coached the Argentina Under-20 national team. “To be able to lead a Club like Inter Miami is an honor for me, and a privilege I will strive to make the most of. I was drawn to the organization’s undeniable ambition, and the infrastructure it has to support it,” Inter Miami’s new head coach said in Tuesday’s statement.
Persons: Javier Mascherano, Mascherano, Lionel Messi, Gerardo Martino, , David Beckham, Javier, ” Beckham, Messi, Jordi Alba, Luis Suárez, Sergio Busquets, Grigory Dukor, Reuters Mascherano Organizations: CNN, Argentina, Inter, Inter Miami, ” Inter, ” Inter Miami, , Miami, Buenos, Brazilian, Corinthians, English, Liverpool, Catalan, Spanish La Liga, Copa del Rey, Champions League, Reuters, Chinese Super League, Hebei, Hebei China Fortune, Estudiantes, Messi, Major League Soccer, FIFA Club, MLS, Atlanta United Locations: Barcelona, Argentina, France, Buenos Aires, West Ham, Hebei China
CNN —Can the green shoots of clean energy break through the “brown blockade”? Those huge current and planned investments in new manufacturing plants may represent the sole opportunity to preserve any elements of Biden’s blueprint for growing the domestic clean energy industry. Republican districts are slated to receive an equally large share of another $435 billion in clean energy projects that have been announced but not yet built, the analysis found. The US reliance on the fossil fuels driving climate change has been declining for years, but only at a modest pace. Yet interrupting that transition by repealing the federal policies benefiting clean energy remains a dangerous gamble.
Persons: Donald Trump, Trump, Joe Biden’s, Biden –, , Lori Lodes, , I’ve, Trump’s, Tammy Baldwin, John Fetterman, Kamala Harris, Chris Wright, , Lee Zeldin, Elizabeth Conley, , Jason Walsh, ” Lodes, Robert McNally, George W, Bush, McNally, Walsh, ” Walsh, Joseph Shapiro, Shapiro, EVs, Ben King, King, ” King, ” Shapiro Organizations: CNN, GOP, Republican, Climate Power, Trump, federal Energy Information Administration, Senate, Electoral College, Energy Information Administration, Democratic, Biden, ExxonMobil, Environmental Protection Agency, , Massachusetts Institute of Technology, Rosendin, Houston Chronicle, Power, BlueGreen Alliance, Republicans, Hyundai, Bloomberg, Getty, University of California Locations: America, United States, Wyoming , Louisiana, North Dakota, West Virginia, Alaska , Montana , Oklahoma, Texas, Iowa, Nebraska, Kansas, Ohio, Indiana , Michigan, Wisconsin, Massachusetts, New York, Virginia, Maryland, Washington , Oregon, California, West Virginia , Montana and Ohio, Pennsylvania, New Mexico, Michigan, – Michigan, Washington, Liverpool , Texas, Georgia, Ellabell , Georgia, Berkeley
People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City. Best Buy on Tuesday cut its full-year sales forecast as it missed Wall Street's quarterly revenue expectations and a fresh batch of iPhones and AI-enabled laptops weren't enough to drive higher sales. It expects full-year comparable sales to decline by between 2.5% and 3.5%, compared to its prior expectations of a 1.5% to 3% drop. Comparable sales includes sales online and at stores open for at least 14 months. Shares of Best Buy were down about 3% in premarket trading Tuesday.
Persons: Corie Barry, Barry, Matt Bilunas Organizations: LSEG, Microsoft Locations: Brooklyn, New York City, U.S
CNN —It’s been two weeks since Hawaii woman Hannah Kobayashi went missing after she did not board a connecting flight to New York City during a layover at Los Angeles International Airport on November 8. Her father, Ryan Kobayashi, was found dead Sunday, after he had traveled to Los Angeles to search for her. The Los Angeles County medical examiner’s office determined he died by suicide. The Kobayashi family said the “devastating tragedy” only adds to their anguish. “After tirelessly searching throughout Los Angeles for 13 days, Hannah’s father, Ryan Kobayashi, tragically took his own life.
Persons: CNN — It’s, Hannah Kobayashi, Ryan Kobayashi, Ryan Kobayashi’s, Kobayashi, , Hannah’s, Hannah, New York Hannah, John F, Sydni, LeBron, , texted, , Los Angeles Police Department’s, ‘ Ryan, Ryan, “ Hannah, CNN’s Veronica Miracle, “ I’m, Larie Pidgeon, ” Pidgeon, fiancée, ” CNN’s Karina Tsui, Amanda Jackson, Elizabeth Wolfe, Maria Aguilar Prieto, Natasha Chen, Chris Boyette Organizations: International Association for Suicide Prevention, Befrienders, CNN, Los Angeles International Airport, LAPD, CNN –, John, Kennedy International Airport, Taschen, YouTube, Nike, Los Angeles Police, Facebook, Metro Locations: Hawaii, New York City, Los Angeles, Los Angeles County, New York, Maui, Grove, Crypto.com,
AdvertisementAndrew Yeung landed roles at Google and Meta by perfecting his résumé. I was able to land a six-figure role at Google as a global product lead and Meta as a business planning and operations lead. A sample of the résumé that helped Andrew Yeung land jobs at Google and Meta. Most job seekers send out the same résumé everywhere, but recruiters and managers can easily spot the "spray and pray" approach. For every line item in your résumé, ask yourself: "How does this impact the bottom line of the company?"
Persons: Andrew Yeung, Yeung, Andrew Yeung Master, Andrew Yeung's, you've Organizations: Google, Meta, Spotify, Ivy League, EG
AdvertisementAgility Robotics CEO Peggy Johnson says humanoid robots are filling some labor gaps. AdvertisementDigit is Agility Robotics' mobile manipulation humanoid robot. It competes with the likes of Apptronik, which is working with NASA on humanoid robots, and Boston Dynamics, which has created humanoid robots called Atlas that it says can run and jump over obstacles, as well as perform factory worker tasks. Agility Robotics' humanoid robots are currently only permitted to work inside a specific, cordoned-off space separate from human workers. Agility Robotics takes a similarly cautious approach to its application of artificial intelligence, which is deep in the hype stage.
Persons: Peggy Johnson, it'll, Johnson, GXO, Ford, , Optimus, ChatGPT, doesn't Organizations: Robotics, pharma, Silicon, Agility Robotics, Business, Deloitte, Bureau of Labor Statistics, Digit, GXO Logistics, Mobile, Ford Amazon, Agility, NASA, Boston Dynamics, Gallup, Microsoft, Qualcomm Locations: Lisbon, Portugal
Amgen on Tuesday said its experimental weight loss injection helped patients with obesity lose up to 20% of their weight on average after a year in a critical mid-stage trial, as the company races to join the booming obesity drug market. The drug, MariTide, also helped patients with obesity and Type 2 diabetes lose up to 17% of their weight after a year. The company said it did not observe a plateau in either group of patients, which indicates the potential for further weight loss beyond 52 weeks. That could boost Amgen's odds of winning a slice of the weight loss drug market, which some analysts forecast could be worth $150 billion a year by the early 2030s. That's unlike Eli Lilly's obesity drug, Zepbound, which activates both GIP and GLP-1.
Persons: Amgen, MariTide, Eli Lilly, Robert Bradway, Jay Bradner, Nordisk's Wegovy, Eli Lilly's Zepbound, Zepbound, Eli, Wegovy, Bradner Organizations: Novo Nordisk, Nordisk's Locations: Amgen, Thousand Oaks , California
And it underscores frustrations with a tariff exclusion process launched during the first Trump administration that is often described as murky and messy. It’s not clear how or when those higher China tariffs will take effect – nor whether businesses will again have the opportunity to apply for exclusions. But what is clear is that the USTR’s tariff exclusion process during the first Trump administration raised significant concerns in Corporate America. The Trump transition did not provide details on what a tariff exclusion process will look like in the new administration. The researchers did not study tariff exclusions under the Biden administration.
Persons: Bobby Djavaheri, Djavaheri, ” Djavaheri, , Tom Madrecki, General Mills, Molson, Donald Trump, It’s, Trump, Brian Hughes, Vance, ” Hughes, USTR, , ” Relatedly, Jesus Salas, ” Salas, Salas, , “ It’s, Biden, Sam Michel, Michel, Veljko Fotak, hasn’t, ” Fotak, David French, ” Madrecki, “ We’re Organizations: New, New York CNN, Trump, United States Trade Representative, Consumer Brands Association, Molson Coors, Corporate America, Lawmakers, CNN, Commerce, Companies, Republican, Financial, Democratic, Lehigh University, SUNY Buffalo, Biden, National Retail Federation Locations: New York, China, Trump
She thought leaving the US to relocate to El Salvador was the change of pace she needed. I decided to return to my rootsWhile relocating to El Salvador, full-time would be new to me, visiting was not. I wasn't monetized on TikTok at the time, so my income while living in El Salvador came from finding freelance gigs. I earned around $35,000 in one year of freelancing, which was enough to live comfortably in El Salvador. Connecting with the community in El Salvador helped me feel reconnected to my purpose, and in my current position, I'm also helping assist my fellow community members.
Persons: Analucy Benavides, I'm Organizations: Día de, El, Maryland Locations: El Salvador, Maryland, United States, Central American, Día de Los, TikTok
CNN —North Korea is expanding a weapons plant that manufactures missiles used by Russia against Ukraine, according to new research from a US-based think tank. Located in the country’s second-largest city, Hamhung, the factory has been visited several times by North Korean leader Kim Jong Un, with North Korean state media previously touting its mass-production of tactical missiles. Attacks on Ukraine with KN-23 missilesRussia has fired about 60 North Korean KN-23 missiles (Hwasong-11A) at Ukraine this year. And strikes using North Korean missiles have killed at least 28 people and injured 213 this year, the Ukrainian prosecutor general told CNN last week. Moscow and Pyongyang have both previously denied that North Korea has exported weapons to Russia, despite significant evidence of such transfers.
Persons: James Martin, Kim Jong Un, Sam Lair, Lair, they’re, , CNN’s Helen Regan, Daria Tarasova, Nick Paton Walsh, Victoria Butenko Organizations: CNN, Ukraine, James, James Martin Center, Nonproliferation Studies, Middlebury Institute of International Studies, North, Center, Planet Labs, Planet Labs PBC, Nonproliferation, North Korean, Russia, Korean, Ukraine’s, Corruption Locations: North Korea, Russia, Hamhung, North Korean, Ukraine, Moscow, Pyongyang, Western, Korea, United States, Netherlands, United Kingdom, Kursk
While leaders of the two nations continue to butt heads, US consumers have paid the price, shelling out more money on goods imported from China. Now Trump is focusing his attention on America’s largest and third-largest trading partners: Mexico and Canada. The 25% tariff Trump floated would have “huge impacts” on gas prices, amounting to an increase between 25 cents to 75 cents per gallon, he said. Said differently, your guac and avocado toast could skyrocket if 25% tariffs are levied on Mexico. Bottom line: It’s going to hurtThe new round of tariffs Trump is prepared to impose comes as the US has grown increasingly reliant on imports from Mexico and Canada.
Persons: Donald Trump’s, Trump, Joe Biden, Brace, Todd Korol, ” Patrick De Haan, Ulises Ruiz, Said, Maurico Palos, tariffs Trump, That’s Organizations: New, New York CNN, Trump, Gas, US Energy Information Administration, Rockies, Produce, Commerce Department, AFP, Getty, United, United Nations ’, General Motors, Ford, General Motors Co, Silao, Bloomberg Locations: New York, America, China, Mexico, Canada, West Coast, Kindersley , Saskatchewan, Great Lakes, Midwest, United States, Cerritos, Ciudad Guzman, Jalisco, Silao, Guanajuato
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