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☆ Why the C-suite is getting so big
▼ + stars: | 2024-11-15 | by ( Tim Paradis | ) www.businessinsider.com time to read: +8 min

Beyond the usual top jobs, some organizations now have chief experience officers, chief AI-ethics officers, and chief transformation officers. LinkedIn said in September that those were the fastest-growing C-suite roles on its platform from 2022 to 2023. Janet SherlockBut she said a lineup that includes a chief marketing officer, a chief information officer, and a chief customer-experience officer might indicate insufficient internal coordination. "Do I need a customer-experience officer whenever I have a chief commercial officer, a chief information officer, and a chief marketing officer?" Wiggins said that's why there's more pressure on C-suite leaders to act as a well-informed unit of experts rather than technical specialists.

Persons: Ram Charan, who's, Jason Saltzman, Charan, —, they're, Jensen Huang, Janet Sherlock, Ralph Lauren, Sherlock, Christine Porath, Porath, Dorie Clark, Clark, Ty Wiggins, Russell Reynolds, Wiggins, remits Organizations: Bank of America, Verizon, Technologies, Nvidia, Elon, Tesla, University of North, Chapel, Columbia Business School, Workers, Russell Reynolds Associates Locations: Huang's, University of North Carolina

☆ Disney CFO says Epic Universe's opening could boost attendance at Disney's Florida theme parks
▼ + stars: | 2024-11-15 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Disney's CFO Hugh Johnston discussed Universal Studios' upcoming theme park, Epic Universe. Both Walt Disney World and Universal Orlando Resort are adding new attractions. AdvertisementEpic Universe's arrival in Central Florida might be good for its direct competitor, Walt Disney World. Disney's Chief Financial Officer Hugh Johnston discussed Universal Orlando Resort's upcoming theme park during Thursday's earnings call. When asked how Epic Universe's May 2025 debut could impact Walt Disney World, Johnston seemed optimistic.

Persons: Hugh Johnston, Johnston, —, Walt, Arturo Holmes, Disney Dreamers Academy Dennis Speigel, NBCUniversal, Comcast NBCUniversal, Brian L, Roberts, Harry Potter, Berk, Josh D'Amaro, Indiana Jones, James Cameron's Organizations: Universal Studios, Disney, Walt Disney World, Universal Orlando, Service, Walt Disney, Cinderella's, Disney Dreamers Academy, Park, Inc, Comcast, Comcast Corporation, Universal Orlando Resort Universal, of, Nintendo, Magic, Central, Central Florida Tourism, Disney's Hollywood Studios Locations: Central Florida, Florida, Pueblo Esperanza

☆ Inside Microsoft's struggles with Copilot
▼ + stars: | 2024-11-15 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +23 min

In September 2023, Microsoft's famously soft-spoken CEO, Satya Nadella, unveiled the company's flagship AI product, Copilot, with sweeping fanfare. Some of Microsoft's own employees and executives are privately concerned that Copilot won't be able to deliver on its ambitions. Copilot's struggles have created an opening for Microsoft's rivals, some of whom have seized on the opportunity to promote their own agendas. "Now, when Joe Blow logs into an account and kicks off Copilot, they can see everything," said one Microsoft employee familiar with customer complaints. As complaints and questions over Copilot mount, so does the pressure to justify Microsoft's unprecedented level of spending on AI.

Persons: Microsoft's, Satya Nadella, Gartner, Copilot, it'll, Copilot's, Marc Benioff, Benioff, Goldman Sachs, Marc Andreessen, Andreessen Horowitz, Ethan Miller, Jared Spataro, Spataro, —, Joe Blow, Joe, Nadella, Gary Marcus, Marcus, Wile, Coyote, Brontë, Judson Althoff, Jason Zander, Zander, We've, OpenAI, Tasos Katopodis, Steve Jobs Organizations: Microsoft, Venture, Getty, Goldman, BI, Fortune, Excel, Lumen Technologies, Honeywell, Gartner, Wall Street, Initiative, Department of Homeland Security, Employees, San Francisco, Software, Apple, Jobs Locations: Microsoft's, Copilot, New York City

☆ Eric Schmidt says there's 'no evidence' AI scaling laws are stopping — but they will eventually
▼ + stars: | 2024-11-15 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Ex-Google CEO Eric Schmidt says there's "no evidence" of an AI slowdown. AdvertisementEric Schmidt says there's "no evidence" artificial intelligence scaling laws are stopping as some in Silicon Valley worry about an AI slowdown. He said there will be "two or three more turns of the crank of these large models" over the next five years, referring to improvements in large language models. Related Video Why "deployment of AI is top of mind for everybody," according to IBM's Jonathan Adashek"There's no evidence that the scaling laws, as they're called, have begun to stop. AI scaling laws are the theoretical rules that broadly state models will continue to improve with more training data and greater computing power.

Persons: Eric Schmidt, Schmidt, LLMs, —, IBM's Jonathan Adashek, we're, OpenAI's, OpenAI, Claude, Gary Marcus, Sam Altman, Anthropic Organizations: Google, Service, Bloomberg, New York University, OpenAI, Business Locations: Silicon

☆ This new Goldman Sachs partner is leading the bank's strategy with young heirs and founders
▼ + stars: | 2024-11-15 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Goldman Sachs named 95 partners last week, including private wealth exec Brittany Boals Moeller. AdvertisementBrittany Boals Moeller, one of Goldman Sachs' newly minted partners, didn't picture a career in finance when she joined the bank 17 years ago. The 39-year-old is based in Atlanta and runs the Southeast region of Goldman Sach's private wealth division. While wealth management clients skew older, the division has a pipeline of rich millennial founders who work with the investment banking arm. Goldman Sachs' family office offering, Apex, launched a few years later.

Persons: Goldman Sachs, Brittany Boals Moeller, —, I've, Goldman, Boals Moeller, John Mallory, Tucker York, Ciara, Marc, Kwesi Farrell, John Paul DeJoria, Michelle Hynik, It's Organizations: Service, New York University, Goldman, Catering, Utah Royals, Advisors Locations: Jonesboro , Arkansas, Atlanta, Apex, Deer Valley, Copenhagen, Deer

☆ Drone-hunting helicopters are bolstering Israel and Ukraine's stretched air defenses
▼ + stars: | 2024-11-15 | by ( ) www.businessinsider.com time to read: +6 min

Given the sheer volume of enemy drones, helicopters have joined the counter-drone fight. In Ukraine and Israel, helicopters of all kinds are hunting down drones. In Ukraine, a huge country compared to Israel, helicopters are a means to shield its airspace against large drone salvos. Advertisement"Given the Russian Shaheds' slow and low flight pattern, rotary aircraft can easily chase and destroy them," Borsari said. Modifications of this kind could make helicopters more effective drone hunters in the future, supplementing other ground- and air-based systems.

Persons: —, It's, Israel's, it's, Nicholas Heras, Samuel Bendett, Federico Borsari, Borsari, Paul Iddon Organizations: Service, Iran, New Lines Institute, Center for Naval, Center for, Helicopters, Royal Navy Wildcat Locations: Ukraine, Israel, Washington ,, Ukrainian, Lebanon, Syria

☆ I visited 2 of America's wealth hubs: Scottsdale and Jackson Hole. One was ideal for vacation, while the other seemed better for living.
▼ + stars: | 2024-11-15 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

Wealthy Americans are buying homes in Scottsdale, Arizona, and Jackson Hole, Wyoming. These areas offer natural landscapes, luxury lifestyles, and lower taxes, attracting the rich. I thought Scottsdale felt more livable, and Jackson Hole was a better vacation spot. Scottsdale, Arizona, and Jackson Hole, Wyoming, are two of America's wealthy hot spots known for their natural landscapes, luxury lifestyles, and lower taxes. Meanwhile, the ultra-rich have been hiding out in Jackson Hole for decades.

Persons: Jackson, — Organizations: Service, ., USA, Henley & Partners Locations: Scottsdale , Arizona, , Wyoming, Scottsdale, American, . Scottsdale , Arizona, Jackson Hole

☆ Nvidia to report earnings next week: Here's what you need to know
▼ + stars: | 2024-11-15 | 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 EmailNvidia to report earnings next week: Here's what you need to knowThe Investment Committee debate whether Nvidia can reverse the course of tech stocks.

Organizations: Nvidia

☆ Palantir jumps 11% to a record after announcing move to Nasdaq
▼ + stars: | 2024-11-15 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Alex Karp, CEO of Palantir Technologies speaks during the Digital X event on September 07, 2021 in Cologne, Germany. Palantir shares continued their torrid run on Friday, soaring 11% to a record, after the developer of software for the military announced plans to transfer its listing to the Nasdaq from the New York Stock Exchange. The shares are now up more than 45% since Palantir's better-than-expected earnings report last week and have almost quadrupled in value this year. Palantir said late Thursday that it expects to begin trading on the Nasdaq on Nov. 26, under its existing ticker symbol "PLTR." Thiel's Palantir holdings have increased in value by about $3 billion since the earnings report and $2 billion since the election.

Persons: Alex Karp, Palantir, Alexander Moore, 8VC, " Moore, Moore, didn't, Maven, Trump, Peter Thiel, Donald Trump's, Thiel Organizations: Palantir Technologies, Nasdaq, New York Stock Exchange, Maven, ., Department of Defense, Trump, P Global, Argus Research Locations: Cologne, Germany

☆ Lattice CEO: We're going from experimentation into real business value with AI
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLattice CEO: We're going from experimentation into real business value with AILattice CEO Sarah Franklin speaks to CNBC's Karen Tso at the Web Summit tech conference in Lisbon.

Persons: Sarah Franklin, Karen Tso Organizations: Summit Locations: Lisbon

☆ Trump called the climate crisis a scam. It could prove a gift to China.
▼ + stars: | 2024-11-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

AdvertisementPresident-elect Donald Trump has long questioned the reality of the climate crisis, describing it as a "scam" and accusing policies to tackle the crisis of destroying US jobs. AdvertisementChina, as part of its "Belt and Road" initiative to grow its global influence, has provided developing countries with renewable energy technologies, including wind farms. AdvertisementThe US lags China as a clean tech economic power. There are also doubts over how much China is willing to take an international leadership role on climate issues. Assuming a leadership role would likely require China to send money to other countries, said Crowther.

Persons: Donald Trump, —, Herbert Crowther, we're, Lily McElwee, Xi Jinping, Trump, Daniel Araya, Biden, Joe Biden's, Crowther, Xi Organizations: Service, Eurasia Group, Business, Biden, China Studies, Center for Strategic, International Studies, Trump, Getty, Brookings Institute, International Energy Agency, Reuters Locations: Paris, China, New York, Baku, Azerbaijan, Washington ,, Beijing, United States, Gansu Province, Washington , DC, Brazil

☆ Tesla's Chinese EV competitors are racing to build their own Optimus rivals
▼ + stars: | 2024-11-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Tesla's Chinese rivals are building their own humanoid robots to rival Tesla. EV startup Xpeng unveiled its Iron humanoid robot at its AI day event this month. The company said Iron was already deployed in its factories, joining BYD and Nio in using humanoid robots to build cars. AdvertisementTesla is facing fierce competition in China from local EV makers — and now they're building their own versions of Elon Musk's Optimus robot. AdvertisementThe scramble to incorporate humanoid robots comes as Elon Musk touts Tesla's Optimus robot.

Persons: Iron, —, Tesla, Elon, Xpeng, Ubtech, Walker, BYD, Elon Musk, Tesla's Organizations: Service, —, Aircraft, Dongfeng Motors, EV, Elon Locations: BYD, China, Tesla

☆ Mike Tyson and Jake Paul are going to box live on Netflix. Here's how a heavyweight champion and a YouTuber-turned-boxer ended up fighting.
▼ + stars: | 2024-11-15 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Boxing Hall of Famer Mike Tyson is coming out of retirement to fight YouTuber-turned-boxer Jake Paul. AdvertisementMike Tyson will fight Jake Paul in Netflix's first-ever professional sports livestream on Friday. Jake Paul made a deal with Netflix and then got Mike Tyson involvedMike Tyson will come out of retirement to face Jake Paul. Advertisement"The old generation of boxing with the new generation of boxing all being mixed into one," Jake Paul said. "I'm here to make $40 million and knock out a legend," Jake Paul said at a press conference in August.

Persons: of Famer Mike Tyson, YouTuber, Jake Paul, —, Mike Tyson, Tyson, Jake Paul's, YouTube Jake Paul, Cooper Neill, Logan Paul, Paul, Joe Weller, Deji, KSI, Talksport, influencers, Tommy Fury, Floyd Mayweather Jr, Nakisa Bidarian, Mike Angel, Netflix Tyson, Roy Jones Jr, Nate Robinson, Jimmy Kimmel, Gabe Spitzer, Mike, Netflix's livestream, Tyson's, Katie Taylor, Amanda Serrano Organizations: of Famer, Netflix, Service, The New York Times, WWE, NFL, Boxing Hall of Famer, YouTube, UFC, Boxing, ESPN, T, USA, Texas Department Locations: Netflix's, KSI, British, Arlington , Texas

☆ Disappointing photos show what it's really like to visit Disney World around the holidays
▼ + stars: | 2024-11-15 | by ( Timothy Moore | ) www.businessinsider.com time to read: +1 min

Christmas is my favorite holiday, and spending it at Disney World can be a magical experience. Go to newsletter preferences Thanks for signing up! AdvertisementThe first time I saw the Osborne Family Spectacle of Dancing Lights at MGM Studios (now Hollywood Studios) in 2000, I was hooked on the magic of Disney World at Christmastime. On the other hand, because it's such a popular time to visit, things can be a little hectic. AdvertisementI went to Magic Kingdom, Hollywood Studios, Animal Kingdom, and Epcot at the end of the year and captured some of the less glamorous parts of celebrating Christmas at Disney World.

Persons: it's, —, I've Organizations: Disney, Service, MGM Studios, Hollywood Studios, Magic, Animal Locations: Christmastime, Magic Kingdom, Animal Kingdom, Epcot

☆ I've dated tech bros in San Francisco and New York. The men in one city made me never want to move back.
▼ + stars: | 2024-11-15 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +7 min

San Francisco tech bros lacked consideration and were more homogenous to one another. New York City tech bros are more diverse and considerate, yet dating remains complex. I've dated tech bros in San Francisco and New York City and have found that each city attracts completely different types of men. I wasn't looking to date tech bros, it just so happened every man I went on a date with in San Francisco was. Tech bubbles exist in San Francisco and New YorkMost San Francisco tech bros I met would be dressed in their Patagonia vests and work uniforms like a copy and paste of one another.

Persons: Chloe Diaz, —, It's, Bumble, would've, I'd, Mason Margiela, They're, I've, haven't, Tess Martinelli Organizations: bros, San, Service, Arizona State University Law School, San Francisco and New, Big Tech, Spotify Locations: San Francisco, NYC, New York City, San Francisco and, San Francisco and New York City, San Francisco and New York, Patagonia, New York, York, tmartinelli

☆ 7 US stocks set to rally from Trump tariffs
▼ + stars: | 2024-11-15 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

AdvertisementThere's been a lot of buzz about how president-elect Donald Trump's proposed tariffs could negatively impact some of the market's biggest names. However, for every company losing out from Trump's tariffs, there's another set to benefit from the red wave election outcome. Another big winner from tariffs and Trump policies in general is the financial sector. These businesses will experience minimal impact from tariffs while also benefitting from lower corporate taxes, which Gardner expects to go down under Trump. AdvertisementGarner and Rines shared some stocks they believe will benefit the most from Trump's proposed tariffs.

Persons: Trump's, —, There's, Donald Trump's, David Bianco, Trump, Bianco, Banks, Clayton Gardner, Gardner, Samuel Rines, Rines, Biden, Garner Organizations: Service, Biden, Trump, Ford, Companies Locations: China, America, Kentucky, Tennessee

☆ Spirit is struggling to survive. Bankruptcy will likely mean other airlines raise their prices.
▼ + stars: | 2024-11-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Spirit Airlines is preparing to file for bankruptcy protection, The Wall Street Journal reported. AdvertisementFlying is likely to become more expensive for some passengers if Spirit Airlines falls into bankruptcy protection. The Journal reported in October that Spirit was weighing up bankruptcy. Frontier Airlines is based in Denver. "The domestic US air travel market does need some rationalization, and it is likely to start with Spirit Airlines," McNally said.

Persons: —, Guy, Raymond James, Savanthi Syth, David Neeleman, Denver . Don Mammoser, Peter McNally, McNally Organizations: Airlines, Street Journal, Frontier, Service, Spirit Airlines, Street, Frontier Airlines, The, American Airlines, JetBlue, Equity, Big Locations: Charlotte, Los Angeles, Denver .

☆ Car owners claimed a bear trashed their Rolls-Royce. Insurers say it was fraud involving a person in a bear suit.
▼ + stars: | 2024-11-15 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

The California Department of Insurance said the "bear" was actually a person in a costume. AdvertisementFour Californians said a bear damaged their luxury car, but insurers have accused them of insurance fraud involving someone dressed in a bear costume. However, CDI investigators determined that the "bear" in the footage was actually a person wearing a bear costume, the press release said. Insurance fraud is a major issue in the US. According to the Coalition Against Insurance Fraud, it costs the country over $300 billion annually.

Persons: —, — Ruben Tamrazian, Vahe Muradkhanyan, Alfiya Zuckerman —, Royce, Mark Friedlander, Friedlander Organizations: California Department of Insurance, Service, CDI, California Department of Fish, Wildlife, San Bernardino County, Coalition Against Insurance, Insurance Information Institute, Fox Business, US Bureau of Labor Statistics Locations: California, Los Angeles, Ararat Chirkinian, Lake Arrowhead , California, San Bernardino, California , New York, Florida

☆ CNBC TechCheck Evening Edition: November 15, 2024
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC TechCheck Evening Edition: November 15, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

Persons: TechCheck Organizations: CNBC Locations: San Francisco

☆ Here are value investor David Einhorn's latest moves: Gold, Peloton and agriculture
▼ + stars: | 2024-11-15 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

David Einhorn's Greenlight Capital this week revealed a fresh stake in agriculture equipment maker CNH Industrial , and increased its bets on Peloton Interactive and gold in the third quarter. The hedge fund, which Einhorn founded in 1996, disclosed in its latest regulatory filing that it took a roughly $79 million stake in CNH during the latest quarter. Einhorn also increased his holding in Peloton by roughly 40%, bringing his stake in the company to about $45 million. That led him to buy medium-sized stakes in a few value companies and take a larger position in gold. Einhorn added 3.1% to his holding in SPDR Gold Trust in the most recent quarter, bringing it to $51 million.

Persons: David Einhorn's, Einhorn Organizations: Interactive, CNBC, CNBC's, Alpha, Robin Hood Investors Conference, Cornell, Trust, Capri Holdings, Penn Entertainment, HP, Roivant Sciences, Packaging, Tenet Healthcare Locations: CNH, Holland, New York City, Capri

☆ North Korea orders mass production of attack drones after seeing Russia's tactics up close
▼ + stars: | 2024-11-15 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

Kim Jong Un has ordered the mass production of attack drones, North Korean media reported. AdvertisementNorth Korean leader Kim Jong Un ordered the mass production of exploding drones on Thursday, according to North Korean state media. Kovalenko also said there were plans to send Russian drone instructors to Pyongyang, the North Korean capital, for further training of North Korean personnel. "North Korea may use these skills for future terrorist actions in the border areas with South Korea," he said. The partnership brings another advantage for North Korea: much-needed live combat experience and technical know-how.

Persons: Kim Jong Un, —, Kim, Kim Jong, AP Kim, Putin, Gavriil, Andrii Kovalenko, Kovalenko, Joseph S, Bermudez Jr Organizations: Service, Business, KCNA, BMW, North Korean, Korean Central News Agency, Korea News Service, AP, Reuters, AFP, Ukraine's Center, North, Center for Strategic, International Studies Locations: Korean, Russia, North Korea, Ukraine, Iran, AFP North Korea, Kursk, Ukrainian, South Korea, Russian, Pyongyang, Korea

☆ Warren Buffett's Berkshire Hathaway reveals new bets on Domino's Pizza and Pool Corp.
▼ + stars: | 2024-11-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett's Berkshire Hathaway purchased stakes in Domino's Pizza and Pool Corp. last quarter. AdvertisementWarren Buffett's Berkshire Hathaway took a bite of the pizza business and jumped into the swimming pool industry last quarter. The famed investor's conglomerate bought a slice of Domino's Pizza worth $549 million at the end of September, a portfolio update revealed Thursday. Buffett and his team also purchased just over 1% of Pool Corp. — a wholesale distributor of swimming pool supplies and related products. Buffett owning a piece of Domino's Pizza seems fitting given his insatiable appetite for fast food and the companies that produce it such as Berkshire-owned Dairy Queen.

Persons: Warren, Berkshire Hathaway, —, Buffett, Kraft Heinz, Todd Combs, Ted Weschler Organizations: Berkshire, Corp, Apple, Bank of America, Service, Pool Corp, Nu Holdings, Charter Communications, American Express, Kraft Locations: Berkshire

☆ Eva Longoria, 49, says she's doing 'everything' to age well — from cold-plunging to red-light therapy
▼ + stars: | 2024-11-15 | by ( Erin Liam | ) www.businessinsider.com time to read: +4 min

Eva Longoria shared wellness practices that she lives by. Longoria, who will turn 50 in March, added that she's 'excited' to age. Not because I don't want to age but because I do want to age," said Longoria, who turns 50 in March. "For me, age is just a number, but I'm excited," Longoria added. In 2016, Longoria told "The Cut" that people should prioritize their time and efforts toward wellness.

Persons: Eva Longoria, Longoria, —, Eva Longoria's, Marie Claire, I'm, Venki, Mary Ní Lochlainn, It's Organizations: Service, M University, Kingsville, Business Insider, King's College London Locations: kinesiology, Texas

☆ Bank of America says Trump's win will unlock small-cap M&A and these stocks may be takeover candidates
▼ + stars: | 2024-11-15 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

President-elect Donald Trump's White House victory could boost merger and acquisition activity, and Bank of America thinks a group of small-cap stocks may benefit as target candidates. Financial services company Bread Financial Holdings turned up, having a float of 98% of shares outstanding and three-year sales growth of 28%. The biopharmaceutical company has a float of 99% and three-year sales growth of 105%. Commercial Metals Company also showd up on BofA's screen as a potential target. Commercial Metal's three-year sales growth was 18%.

Persons: Donald Trump's, Russell, that's, Lina Khan, Jill Carey, Irving, steelmaker Organizations: Bank of America, Dow Jones Industrial, Republican, House, Senate, Trump, FTC, GOP, Financial, Bread Financial Holdings, Halozyme Therapeutics, Commercial Metals Company Locations: Columbus , Ohio, Diego, Texas

☆ Stocks making the biggest moves premarket: Alibaba, Applied Materials, Ulta Beauty and more
▼ + stars: | 2024-11-15 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Applied Materials — Shares tumbled more than 8% after the semiconductor equipment manufacturer offered weak revenue guidance for the current quarter. Applied Materials said it forecasts $7.15 billion in the first fiscal quarter, under the estimate of $7.224 billion from analysts polled by LSEG. Berkshire Hathaway bought more than 1.2 million shares, making the investment worth around $550 million at the end of September. Ulta Beauty – Shares slipped 5% after Berkshire Hathaway revealed in a regulatory filing that it had nearly dissolved its position in the beauty retailer, selling around 97% of its shares. Ulta was a new bet for Berkshire, which had just bought the stock in the second quarter.

Persons: Robert F, Kennedy Jr, Donald Trump's, Warren Buffett, Berkshire Hathaway, Ulta, Palantir, Jesse Pound, Lisa Kailai Han, Pia Singh Organizations: Materials, LSEG, Moderna, Department of Health, Human Services, Corp, —, Berkshire, Pool Corp, Nasdaq, New York Stock Exchange Locations: China, Domino's

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