DIRS.INFO The most relevant business & tech news

☆ Singapore's inflation rate falls in October, hitting lowest point since March 2021
▼ + stars: | 2024-11-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

SINGAPORE — Singapore's headline inflation rate fell to 1.4% in October, down from September's figure of 2%, as the cost of cars dropped and rent prices rose at a slower pace. The consumer price index rise was also lower than the 1.8% that was expected among economists polled by Reuters. It marked the first time that Singapore's headline inflation rate fell below 2% since March 2021, when it came in at 1.3%. Singapore's core inflation rate, which strips out accommodation and private transport prices, came in at 2.1%, down from 2.8% in September and lower than the 2.5% expected in the Reuters poll. The Singapore dollar was trading at 1.34 against the U.S. dollar after the inflation reading, strengthening by 0.13%.

Organizations: Reuters, Monetary Authority, Singapore, U.S Locations: SINGAPORE, Singapore

☆ It will be a high stakes Black Friday. These are the retail stocks you want to own this holiday season
▼ + stars: | 2024-11-25 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +7 min

Every four years, the holiday season is a little more challenging for retailers as consumers get distracted by the selection of the next U.S. president. Citigroup analyst Paul Lejuez expects consumers will spend an average of 13% more this holiday season based on the findings of the bank's consumer survey. "Consumer wallets remain constrained, macro/geopolitical uncertainty persists and the shorter holiday season (five fewer days and Christmas on a Wednesday)," will weigh on spending, analyst Christopher Horvers said. TGT 3M mountain Target shares over the past three months. Sensormatic Solutions, which tracks foot traffic at stores, is predicting that Black Friday will be the busiest shopping day this holiday season, but also expects a lot of last-minute shopping this year.

Persons: Paul Lejuez, Lejuez, Christopher Horvers, Horvers, Circana, they'll, Marshal Cohen, Cohen, Morgan Stanley, Alex Straton, it's, Straton Organizations: Citigroup, National Retail Federation, Target, Dick's Sporting Goods, Academy Sports, Walmart, Circana, Black, Morgan, Nike, Depot, Home Depot Locations: Minneapolis

☆ Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand
▼ + stars: | 2024-11-25 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand. "We have also the opportunity to have bigger stores in the U.S.," he noted, adding Mango will open some multiline stores that feature men's and kids' items. Mango's sales grew more than 10% in the U.S. this year and the company expects to see double-digit growth again next year. The goal is part of a larger strategic plan at Mango focused on growing sales from about 3.1 billion euros annually to 4 billion euros by 2026. We also have 500 people taking care of the product from end to end," said Ruiz.

Persons: Toni Ruiz, Ruiz, Spain's Zara, Japan's Organizations: Sun, CNBC, D.C Locations: U.S, Barcelona, Los Angeles, Mango's, Spain, Pennsylvania, Washington, Massachusetts, Europe

☆ Republicans gear up for the coming battle over $5 trillion tax cut's costs
▼ + stars: | 2024-11-25 | by ( Emily Wilkins | ) www.cnbc.com time to read: +2 min

As Republicans on Capitol Hill lay the groundwork for extending the 2017 tax cuts, cracks are already emerging on one of the biggest questions: how to handle the cost. Extending the tax provisions is estimated to increase the deficit by $5 trillion, according to the nonpartisan Congressional Budget Office. Yet many lawmakers are quick to dismiss or explain away the number, arguing the tax cuts will ultimately help the economy and, subsequently, revenue for the government. Some top tax leaders, including Sen. Mike Crapo, R-Idaho, the incoming chair of the Senate Finance Committee, have downplayed the $5 trillion estimate, which assumes that the 2017 tax provisions set to expire at the end of 2025 have already done so. Yet a group of deficit hawks are worried about the ballooning deficit, and think any tax package needs to be fully offset.

Persons: Steve Scalise, doesn't, Sen, Mike Crapo, Crapo, we're Organizations: Capitol, CNBC, Senate Finance Committee, Fox Business Locations: Idaho

☆ AP Top 25 poll: Alabama, Ole Miss fall out of top 10
▼ + stars: | 2024-11-25 | by ( Jacob Lev | George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Following upset losses to unranked opponents, Alabama and Mississippi both fell out of the top 10 in the AP Top 25 poll when the latest rankings were released on Sunday. In a dramatic week of college football, Arizona State moved up seven places to No. 14 following an upset win over Brigham Young on Saturday, making the Sun Devils the top-ranked Big 12 team in the poll. Ohio State, Texas and Penn State, all of whom won on Saturday, occupy the next three spots behind the Ducks, who are now the only undefeated team in the AP Top 25 poll. Alabama Crimson Tide (8-3)14.

Persons: –, Ole Miss Organizations: CNN, SMU, Oregon, Arizona State, Brigham Young, Sun Devils, Ohio, Penn State, Ducks, Ohio State, ESPN, AP’s, Oregon Ducks, Ohio State Buckeyes, Texas Longhorns, Penn State Nittany Lions, Notre Dame Fighting, Georgia Bulldogs, . Tennessee Volunteers, Miami Hurricanes, . Indiana Hoosiers, Boise State Broncos, Clemson Tigers, . Alabama Crimson Tide, Arizona State Sun Devils, Ole Miss Rebels, South Carolina Gamecocks, Iowa State Cyclones, Tulane Green Wave, BYU Cougars, Texas, UNLV Rebels, Illinois Fighting Illini, . Colorado Buffaloes, Missouri Tigers, Army Black Knights Locations: Alabama, Mississippi, Miami, Ohio State , Texas, Oklahoma, Florida

☆ RBC sees the S&P 500 rising to 6,600 in 2025, but expects a 5%-10% correction near term
▼ + stars: | 2024-11-25 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The S & P 500's rise to fresh heights in the new year will not be in a straight line, according to RBC Capital Markets. Strategist Lori Calvasina issued a year-end 2025 target for the broad market index of 6,600. The S & P 500 has rallied 3.2% since Donald Trump secured a second presidential term, raising expectations of lower taxes and deregulation. To be sure, Calvasina thinks there will be 5%-10% correction in the near term before equities resume their march to all-time highs. Last week, Goldman Sachs set a 6,500 target for the S & P 500, while BMO issued a forecast for the benchmark index to surge all the way to 6,700 .

Persons: Lori Calvasina, Donald Trump, Calvasina, Goldman Sachs, Bernstein Organizations: RBC Capital Markets, Health, BMO Locations: Friday's, Bitcoin

☆ A career coach shares 4 things to immediately stop sharing online if you're looking for a job
▼ + stars: | 2024-11-25 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +5 min

Don't share your job search journeyWhen you're job searching, I'd heavily advise against documenting your journey. There has been a surge of people on LinkedIn, sharing what it's like to apply for jobs in today's market. Sharing things about depression, or anxiety, might make an employer wonder, "How is that going to impact our business?" Don't share your résumé onlineOn LinkedIn, there's an option to share your résumé — and I wouldn't recommend doing that. If you're a career coach who would like to share helpful job searching tips, please email Manseen Logan at mlogan@businessinsider.com.

Persons: Madeline Mann, Mann, I've, I'd, you've, Manseen Logan Organizations: Self, LinkedIn, Google Locations: Los Angeles, mlogan

The best Tarte Black Friday dealsTarte Amazonian Clay 12-Hour Blush $21.00 $30.00 Save 30% Tarte’s Amazonian Clay blush has long been a beauty favorite. View at Tarte What we like Check mark icon A check mark. View at Ulta View at Tarte What we like Check mark icon A check mark. View at Tarte What we like Check mark icon A check mark. With discounts of up to 80%, this is one of the best Black Friday deals we've come across for makeup.

Persons: you'll, We've, we've, It’s Organizations: Business, Tarte, Mascara

☆ Stock futures inch higher on Monday after Dow closes at another record: Live updates
▼ + stars: | 2024-11-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on Aug. 2, 2024. Stock futures edged higher in overnight trading Monday, after the Dow Jones Industrial Average closed at a new record. Futures tied to the Dow added 30 points, or 0.1%, while S&P 500 futures and Nasdaq 100 futures rose 0.1% and 0.2%, respectively. The 30-stock Dow popped more than 440 points, or about 1%, to a new record close during regular trading. The Russell 2000 hit a new intraday high — its first record since 2021 — as investors piled into small caps.

Persons: Kohl's, Stocks, Donald Trump's, Dow, Russell, Scott Bessent, NewEdge’s Cameron Dawson, CNBC's Organizations: New York Stock Exchange, Dow Jones, Dow, Nasdaq, President, Trump, Key Square, Treasury Locations: U.S

☆ Best Buy rallies ahead earnings, Black Friday — but here's why we're still cautious
▼ + stars: | 2024-11-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Best Buy shares rose roughly 4.5% on Monday ahead of the company's fiscal 2025 third-quarter earnings before Tuesday's opening bell. 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 . Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m.

Persons: Jim Cramer, Stocks, Donald Trump's, Scott Bessent, Bessent, Jim, Bristol Myers, Eli Lilly, RJK, Jim Cramer's Organizations: CNBC, Dow Jones, Nasdaq, Bristol Myers Squibb, FDA, JPMorgan, Club, HHS, Research, Arm Holdings

☆ UBS sees 4 Fed rate cuts to come and advises slashing exposure to European markets
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS sees 4 Fed rate cuts to come and advises slashing exposure to European marketsKelvin Tay of UBS Global Wealth Management discusses rate cuts trajectory and the knock on effects on European markets.

Persons: Kelvin Tay Organizations: UBS, UBS Global Wealth Management

☆ State Farm signs JuJu Watkins and increases investment in women's sports
▼ + stars: | 2024-11-25 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

State Farm has signed USC star JuJu Watkins to an NIL deal as it increases its investment in women's sports. State Farm is furthering its investment in women's sports with two new deals. State Farm will kick off the NIL partnership with Watkins starring as a "new neighbor" in a co-branded ad spot with mascot/spokesman Jake from State Farm. State Farm's investments in women's sports now include the National Women's Soccer League, the Women's National Basketball Association, National Collegiate Athletics Association basketball regular season and women's Olympic basketball and volleyball. State Farm saw an additional 28% boost in effectiveness when the spots aired during her Iowa Hawkeyes games.

Persons: JuJu Watkins, Kristyn Cook, Watkins, Jake, they've, Caitlin Clark, Sue Bird, Cook, Clark Organizations: USC, Farm's, Farm, University of Southern, State, National Women's Soccer League, National Basketball Association, National Collegiate Athletics Association, WNBA, EDO, Iowa Hawkeyes Locations: Watkins, University of Southern California

☆ CNBC Daily Open: Small- and mid-caps stole the limelight last week
▼ + stars: | 2024-11-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet shares dropping. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention. The Dow Jones Industrial Average was 2% higher for the week and the S&P 500 and Nasdaq Composite both climbed around 1.7%.

Persons: GOOG, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, NYSE, CNBC, U.S, Trump, Treasury, Fed, Anthropic Amazon, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: New York City, Anthropic, Azerbaijan

☆ An American Airlines passenger was taken to hospital after severe turbulence caused a 4-hour flight to nowhere
▼ + stars: | 2024-11-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

AdvertisementAn American Airlines flight returned to São Paulo after turbulence injured a passenger. An American Airlines passenger was taken to hospital after their flight encountered turbulence. Data from Flightradar24 shows that Saturday's Flight 930 from São Paulo to Miami U-turned less than two hours after taking off. Related Video Severe turbulence launches passengers to the ceiling of Singapore Airline flightAn airline spokesperson confirmed to Business Insider that the flight landed safely back in São Paulo "after encountering turbulence while in flight." A Singapore Airlines passenger died, and dozens more were injured during severe turbulence in May.

Persons: São Paulo Organizations: American Airlines, Singapore Airline, Business, Boeing, Aviation Herald, Singapore Airlines, Korean, University of Reading Locations: Miami, Singapore, São, Brazil

☆ CNBC Daily Open: Small- and mid-caps outperformed last week
▼ + stars: | 2024-11-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet dropping. The rate affects around 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention.

Persons: HSI AMZN, Brendan McDermid, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, Reuters, CNBC, U.S, China's CSI, Trump, Treasury, Fed, Bank of China, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: Asia, Pacific, China's, Azerbaijan

☆ Jannik Sinner caps dream year by leading Italy to second straight Davis Cup title
▼ + stars: | 2024-11-25 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

1 capped his extraordinary season by helping Italy win the Davis Cup for the second straight year, defeating Tallon Griekspoor 7-6(2), 6-2 to secure a 2-0 win over the Netherlands in the final. Italy is also the first nation to retain the Davis Cup since the Czech Republic in 2013. “We are very happy to be back here holding this trophy – it feels like we are in Italy,” Sinner said, per the BBC. “Of course, it’s in the head a little bit,” Sinner added of the case. Italy is only the third nation in the last 30 years to complete the Davis Cup and Billie Jean Cup – formerly Fed Cup – double, per Opta.

Persons: CNN —, Tallon Griekspoor, Matteo Berrettini, Botic van, Sinner, ” Sinner, Manu Fernandez, ”, Billie Jean King, Billie Jean, – Organizations: CNN, Davis, ATP, Tennis Integrity Agency, Doping Agency, Sport, Billie Jean King Cup, Slovakia Locations: Italy, Netherlands, Málaga, Spain, Czech Republic

☆ Hannah Kobayashi: Father of missing Hawaii woman found dead in Los Angeles, police say
▼ + stars: | 2024-11-25 | by ( Karina Tsui | Amanda Jackson | ) edition.cnn.com time to read: +5 min

CNN —The father of a Hawaii woman who went missing two weeks ago was found dead on Sunday, the Los Angeles Police Department said. Ryan Kobayashi had traveled to Los Angeles to help find his daughter, Hannah Kobayashi. After tirelessly searching throughout Los Angeles for 13 days, Hannah’s father, Ryan Kobayashi, tragically took his own life. She had the same itinerary as her ex-boyfriend, who, unlike Hannah, boarded a connecting flight to New York City from Los Angeles. CNN obtained a photo that appears to show Kobayashi getting off her flight at the Los Angeles airport.

Persons: Ryan Kobayashi, Hannah Kobayashi, Ryan Kobayashi’s, Kobayashi, Hannah’s, “ Hannah, ” Ryan Kobayashi, “ I’m, ”, Hannah, Family, Kobayashi Kobayashi, Sydni Kobayashi, LeBron, –, texted, “, Veronica Miracle, Caroll Alvarado, Michelle Watson, Maria Aguilar Prieto, Chris Boyette Organizations: International Association for Suicide Prevention, Befrienders, CNN, Los Angeles Police Department, Los Angeles International Airport, LAPD, CNN –, Police, Taschen, YouTube, Nike, Facebook, Metro Locations: Hawaii, Los Angeles, New York City, Los Angeles County, New York, Los, The, Crypto.com

☆ Stocks making the biggest moves after hours: Zoom Communications, Kohl's, Semtech and more
▼ + stars: | 2024-11-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines after the bell : Zoom Communications — The maker of video calling software is lower by 1%. Zoom topped Wall Street quarterly estimates and posted fiscal fourth-quarter adjusted earnings per share guidance that was roughly in line with estimates. The company also said it changed its name to Zoom Communications from Zoom Video Communications. Nevertheless, fiscal fourth-quarter results bested analysts' forecasts on the top and bottom lines. Woodward — Shares of the industrials and aerospace machinery maker surged more than 10% on stronger-than-expected fiscal fourth-quarter results.

Persons: Kohl's, Ashley Buchanan, Tom Kingsbury, Woodward —, Woodward, Fluence Organizations: Communications, Zoom Communications, Zoom Video Communications, Michaels, Agilent, LSEG, Fluence Energy

☆ Romania: Far-right populist Calin Georgescu leads presidential election runoff with most votes
▼ + stars: | 2024-11-25 | by ( Kathy Rose Obrien | Story Associated Press | ) edition.cnn.com time to read: +3 min

Calin Georgescu, who ran independently, will face off against reformist Elena Lasconi in a runoff in two weeks. Georgescu, 62, was ahead after nearly all ballots were counted with around 22.95% of the vote. Lasconi of the progressive Save Romania Union party, or USR, followed with 19.17%. Georgescu, 62, won 43.3% of the vote in Romania’s large diaspora, compared to Lasconi who got 26.8%. Romania will also hold parliamentary elections on Dec. 1 that will determine the country’s next government and prime minister.

Persons: Calin Georgescu, Elena Lasconi, Georgescu, Marcel Ciolacu, George Simion, Lasconi Organizations: Romania Union, Social Democratic Party, Alliance, Unity, PSD, Bureau, European Union, NATO, Facebook, Romania, United Nations Environment, Associated Press Locations: Romania’s, pedology, Romania, Ukraine

☆ Pipeline operator ONEOK to buy remaining shares of EnLink in $4.3 bln deal
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: +1 min

The Oneok website on a laptop computer arranged in Brooklyn, New York, on Tuesday, May 16, 2023. Pipeline operator ONEOK said on Sunday it would buy the remaining shares of peer EnLink Midstream , for $4.3 billion in an all-stock deal, boosting its presence in the Permian Basin amid increased consolidation in the U.S. energy sector. In August, ONEOK acquired a 43% controlling interest in Enlink, which has a solid presence in the Permian basin, from Global Infrastructure Partners for about $3.3 billion in cash. ONEOK said it will offer 0.1412 shares of its common stock for each EnLink unit. Earlier in the month, another pipeline operator DT Midstream agreed to acquire three natural gas transmission pipelines from ONEOK for $1.2 billion in cash, to boost its presence in the Midwest market.

Persons: ONEOK, EnLink Organizations: Global Infrastructure Partners Locations: Brooklyn , New York, U.S, Enlink, ONEOK, Midwest

☆ We're adding this Bullpen stock to the portfolio and adding to a long-held position
▼ + stars: | 2024-11-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

In addition, we will buy 5 shares of Eli Lilly at roughly $750. Separately, we can finally add to our position in Eli Lilly. We want to buy into this correction because Eli Lilly shares are back trading at an appealing valuation relative to its growth rate. If you look out to 2026, Lilly shares are trading at roughly 25 times. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Eli Lilly, Jim Cramer's, Bristol Myers, Chris Boerner, Karuna, Robert F, Kennedy Jr, Lilly, Jim Cramer, Jim Organizations: Myers Squibb, BMY, pharma, Karuna Therapeutics, FDA, JPMorgan, Bristol, of Health, Human Services, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, NYSE Locations: Bristol, New Jersey, U.S, New York City

☆ Astronauts had to shut down a Russian space station module due to ‘unusual odor’
▼ + stars: | 2024-11-25 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

The odor — along with “droplets” the cosmonauts, or Russian astronauts, said they observed — likely resulted from “outgassing from materials inside the (Russian) Progress spacecraft,” NASA said in a statement to CNN Monday afternoon. “For any detailed information on what caused the unusual odor, please contact (Russian space agency) Roscosmos,” Humphries said. Continuing saga on the ISSNASA said in its Sunday statement that, after the Russian cosmonauts noticed the odor, they shut down the hatch that connects the 16-foot-long and 8.4-foot-wide Poisk module to the rest of the space station. The space station has hosted rotating crews of cosmonauts and astronauts — hailing from more than 20 countries — since the year 2000 in separate but connected Russian and US sections. In addition to Roscosmos, those partners include the Canadian Space Agency, European Space Agency and Japan Aerospace Exploration Agency.

Persons: “, Kelly O, Humphries, NASA’s, ” Humphries, Roscosmos Organizations: CNN, Space, NASA, Space Center, ISS, ISS NASA, Russian, Baikonur, Canadian Space Agency, European Space Agency, Japan Aerospace Exploration Agency, NASA’s Locations: Houston, Kazakhstan, Russian, Zvezda

☆ Warren Buffett Publishes Letter on Giving Away Wealth, Kids, and Luck
▼ + stars: | 2024-11-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett surprised shareholders on Monday with a near-1,500-word letter alongside his usual Thanksgiving gift to four of his family's foundations. The famed investor and Berkshire Hathaway CEO said he would shortly convert 1,600 of his Class A shares into 2.4 million Class B shares, worth about $1.2 billion. Buffett picked more trustees to share his wealthIn his unexpected missive to Berkshire shareholders, Buffett said the gifts would reduce his personal stockpile to 206,363 A shares, worth $149 billion. Buffett said his late wife's estate was worth about $3 billion, and 96% of that went into the pair's foundation. They are also somewhat younger than my children," Buffett said, adding those individuals are "on the waitlist" and he hoped his children disbursed all his assets.

Persons: Warren Buffett, Buffett, Elon Musk, Susan Thompson Buffett, Susan Thompson Buffett Foundation —, —, Howard G, He's, — Howard, Susie, Peter —, curt, — Buffett, Bertie, Morgan, Rockefeller, didn't, they're Organizations: Berkshire Hathaway, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Oracle, Elon, Bloomberg, Berkshire, Ford, Carnegie Locations: Berkshire, Omaha

☆ Zoom surpasses expectations as it calls for another quarter of single-digit growth
▼ + stars: | 2024-11-25 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Eric Yuan, founder and CEO of Zoom Video Communications, speaks at Concordia Annual Summit in New York on Sept. 25, 2024. The company reported 192,400 enterprise customers in the quarter, up 800 from the previous quarter. In August, Zoom said it was looking for $5.29 to $5.32 per share and revenue between $4.630 billion and $4.640 billion. During the quarter, Zoom said in the first half of 2025 it will release a premium Custom AI Companion that could connect to corporate glossaries and services such as ServiceNow and Workday . The company also said its corporate name is changing from Zoom Video Communications to Zoom Communications Inc.Executives will discuss the results with analysts on a conference call starting at 5 p.m.

Persons: Eric Yuan, Covid, LSEG, Zoom, Chris Grisanti Organizations: Zoom Video Communications, Concordia, Zoom Communications Inc Locations: New York

☆ Analysts see Apple AI efforts boosting sales for a business you might not expect
▼ + stars: | 2024-11-25 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

The results showed that 78% of prospective buyers of AI-enabled iPhones would pay a monthly subscription to get unlimited access to Apple Intelligence features. Similar to Morgan Stanley, the Melius analysts pointed to the delayed release of Apple Intelligence. Similar to Morgan Stanley and Melius, we see Apple's iPhone upgrade cycle as a story in the coming quarters, rather than right now. Don't trade Apple." With the delayed rollout of Apple Intelligence, it's clear to us that users may take longer to switch up to newer models.

Persons: Morgan Stanley, iPhones, gamed, Said, Melius, Jim Cramer, Morgan Stanley's, Jim, It's, Apple's, Donald Trump's, Jim Cramer's Organizations: Apple Intelligence, Huawei, Apple, Research, Management, CNBC, Nurphoto, Getty Locations: China, India, Manhattan , New York

Search resuls for: "4"

25 mentions found