DIRS.INFO The most relevant business & tech news

☆ Jim Cramer says Reddit's surge is about 'raw user power,' calls it 'holy grail' for advertisers
▼ + stars: | 2024-10-30 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

Reddit stock skyrocketed more than 40% higher on Wednesday — a stunning market reaction Jim Cramer suggested was warranted given the company's blowout third-quarter earnings results . Cramer touted the social platform for its growth prospects around ad revenues, calling it the "holy grail" for advertisers. "Reddit is a place where advertisers need to be," Steve Huffman, CEO and co-founder of Reddit, said on Tuesday's "Mad Money." Reddit also has a massive amount of user data that it can monetize to train artificial intelligence models. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free .

Persons: Jim Cramer, Reddit, Cramer, Steve Huffman, Cramer's, Jim Cramer's Organizations: Cramer's Charitable Trust, CNBC

Despite a difficult quarter, McDonald’s looks resilient in the face of various pressures, analysts say — something the company shares with U.S. consumers overall. “The spotlight is always on McDonald’s because it’s so big” and something of a “bellwether,” she said. That spurred former President Donald Trump to sling fries this month at a Philadelphia-area McDonald’s in a photo op. Like many major brands, McDonald’s raked in big profits as the economy reopened from the pandemic. “The thing that McDonald’s had struggled with, and why I think we’re seeing kind of an inflection point, is a value proposition,” Senatore said.

Persons: McDonald’s, Mickey D’s, Chris Kempczinski, Kempczinski, Gordon Haskett, ” Kempczinski, Ravi Dhar, ”, Sara Senatore, Kamala Harris, Donald Trump, Mickey D’s ’, Senatore, they’d, —, Eric Thayer, ” Senatore, Sam Oches, Oches, ‘, “, Jim Salera, Stephens, Jack Kleinhenz, hasn’t, “ They’re, ” Oches Organizations: U.S, Yale University’s Center, Bank of America, Bloomberg, Getty, Coca, Walmart, Target, Walgreens, JetBlue, Democratic, National Retail, JPMorgan Locations: U.S, Philadelphia, Connecticut, Amazon

"Presidential endorsements do nothing to tip the scales of an election. What presidential endorsements actually do is create a perception of bias. Ending them is a principled decision, and it’s the right one," Bezos wrote in a nine-paragraph article published on the Post's website Monday night. "I wish we had made the change earlier than we did, in a moment further from the election and the emotions around it," Bezos wrote. There is no connection between it and our decision on presidential endorsements, and any suggestion otherwise is false."

Persons: Jeff Bezos, Bezos, Will Lewis, Lewis, Kamala Harris, Harris, Donald Trump, Dave Limp, Limp, —, Trump, David Hoffman, David Shipley, Hoffman, Semafor, Patrick Soon Organizations: Amazon, Washington Post, Post, NPR, Democratic, NBC News, Los Angeles Times, Trump Locations: Pennsylvania, spokespeople, American

☆ Big Tech earnings drop this week. Here's what Wall Street is watching.
▼ + stars: | 2024-10-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Big Tech earnings start today, with roughly $12 trillion in market cap reporting over three days. Mark Zuckerberg hasn't shied away from saying his company will keep spending big on AI, and the market hasn't minded. Judging by Meta Connect 2024 and its CTO's comments , the tech giant wants to own the market for AI-powered wearables.

Persons: —, We'll, Insider's Kelly Cloonan, We're, Mark Zuckerberg hasn't, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Traders, Big Tech, Google, Nvidia, Meta, Microsoft, AWS, Apple, Apple Intelligence Locations: China, New York, London

☆ Alphabet's two pillars of growth stand tall in the latest quarter. But we're not ready to act
▼ + stars: | 2024-10-29 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

However, on "Mad Money" following the release, Jim said Alphabet delivered an "unambiguously great quarter." Alphabet Why we own it : Alphabet's Google Search is an invaluable tool for advertisers. Revenue for the Google Search, YouTube ads, and Google Network line items totaled $65.85 billion. That was up more than 10% from the year-ago quarter, though it was a slower growth rate than in the second quarter. The company exited the quarter with $93.23 billion in cash, cash equivalents, and marketable securities on its balance sheet.

Persons: It's, Jim Cramer, Jim, it's, Sundar Pichai, We're, Waymo, Anat Ashkenazi, Pichai, Jim Cramer's, Justin Sullivan Organizations: Google, U.S, European, Justice Department, Big Tech, Nvidia, YouTube, Microsoft, Revenue, Google Services, Walmart, Dallas Fort, CNBC Locations: U.S, Dallas, Dallas Fort Worth, Mountain View , California

☆ Hezbollah named its new leader, a long-serving deputy, after Israel killed his predecessor
▼ + stars: | 2024-10-29 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Hezbollah on Tuesday named Naim Qassem as its chief after longtime leader Hassan Nasrallah was killed. AdvertisementHezbollah announced a new leader, Naim Qassem, after Israel killed both its longtime chief, Hassan Nasrallah, and the person who had been expected to succeed him. He was the deputy leader of the Lebanon-based militant group, and had been for decades. Qassem helped found Hezbollah in the 1980s and was first made its deputy leader in 1991 under Abbas al-Musawi. AdvertisementHe did not take over as leader when al-Musawi was killed in 1992, and remained deputy all through Nasrallah's 32-year stint.

Persons: Naim Qassem, Hassan Nasrallah, Qassem, —, Israel, Abbas, Musawi, Nasrallah, Hashem Safieddine, Safieddine Organizations: NBC, Service, NBC News, Amazon, US, US Department of State, Middle East Media Research, The United Nations Development Program Locations: Lebanon, Beirut, Qassem, Israel, America, Lebanese

☆ 4 expert side hustlers share their top gig recommendations
▼ + stars: | 2024-10-29 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

Two people recommended content creation; one of them said it's fun but takes time to build up. Four serial side hustlers suggested selling digital wall art on Etsy, creating content, or earning on-site commissions through the Amazon Influencer Program. AdvertisementMeghan Lim, 26Meghan Lim recommended making content. She has made money making videos and from pet sitting and dog walking. Another idea for content creation as a gig is making "content about products on TikTok shop and earn passive income that way," she said.

Persons: —, Ryan, hustlers, Meghan Lim, Lim, Amber Smith, Amber Smith Smith, she's, wasn't, Smith, TikTok, Ryan Ryan, Meghan Lim Lim, Kate Robb, Jordan Robb, Robb, There's, Etsy, Isabella Diaz Organizations: Service, Business, Amazon Locations: Etsy

☆ S&P 500 futures tick higher as Alphabet shares jump on earnings beat: Live updates
▼ + stars: | 2024-10-29 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Futures tied to the broad market index added nearly 0.2%, while Nasdaq 100 futures inched up by 0.1%. Alphabet kicked off a major week for megacap tech earnings. The Google parent exceeded analysts' expectations as the company saw strong quarterly revenue growth from its cloud business, leading shares up 5% after market close. In anticipation of the Big Tech earnings releases, investors drove the Nasdaq Composite to a fresh record during Tuesday's trading session. "We are closely monitoring tech earnings releases to ensure businesses investment in artificial intelligence and other productivity enhancing tools remains robust to support strong future earnings growth."

Persons: Dow, It's, Rob Haworth, Haworth Organizations: New York Stock Exchange, Nasdaq, Dow, Google, AMD, Tech, Meta, Microsoft, Apple, Big Tech, NASDAQ, U.S, Bank Asset Management

☆ Goldman Institute calls for ‘data center diplomacy’ as U.S. competes in global AI race
▼ + stars: | 2024-10-29 | by ( Kate Rooney | ) www.cnbc.com time to read: +3 min

"Data may be the new oil, and it's ultimately nations, not nature, that's going to determine the future of AI infrastructure built." AI relies on massive amounts of data for training and gigantic data centers. Despite a slowing economy, Beijing has been investing in AI data centers, and launched a $6.1 billion national initiative called "Eastern Data, Western Computing." The U.S. has its own slate of initiatives, including a task force on AI infrastructure. "The Arab Gulf countries of the Middle East present many promising opportunities for AI data centers," Cohen wrote.

Persons: Goldman Sachs, Jared Cohen, Goldman, Cohen, it's, They've, Anthropic Organizations: Goldman Sachs Global Institute, CNBC, Google, Microsoft, Meta, Computing, United, United Arab Locations: China, Beijing, U.S, Canada, Australia, France, Gulf, OpenAI, United Arab Emirates, Qatar, Saudi Arabia

☆ What to know about the new way Microsoft will report cloud numbers Wednesday
▼ + stars: | 2024-10-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Announced in August , and reported this way for the first time this week, Microsoft decided to change which revenue streams fall under its three main reporting segments. In Microsoft's upcoming report, search and news advertising revenue will move from the More Personal Computing (PCP) segment into the Intelligent Cloud (IC) segment. Another change includes Microsoft removing revenue from Power Business Intelligence data analytics and the Enterprise Mobility and Security group of products from the IC segment. MSFT YTD mountain Microsoft (MSFT) year-to-date performance Some Wall Street analysts are upbeat on the new reporting structure. He also touted Microsoft's AI prospects ahead of quarterly earnings — citing the company's first-mover advantage in integrating AI.

Persons: Piper Sandler's Brent Bracelin, Bracelin, Morgan Stanley, there's, Jim Cramer, I'm, Jim, Amy Hood's, Jim Cramer's, Satya Nadella, Dimas Ardian Organizations: Microsoft, Web Services, Power Business Intelligence, Enterprise Mobility, Security, Piper, CNBC, BI, Guggenheim, Big Tech, Bloomberg, Getty Locations: OpenAI, Jakarta, Indonesia

☆ Microsoft just ramped up its cloud rivalry with Google by accusing it of 'shadow campaigns'
▼ + stars: | 2024-10-29 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Microsoft leads Google in cloud market share, while Amazon Web Services is at the top. AdvertisementMicrosoft publicly accused Google of running "shadow campaigns" to undermine its business and influence cloud regulation in Europe, in an escalation of the tech giants' rivalry. A Google spokesperson told Business Insider the company had been "very public" about concerns with Microsoft's cloud licensing. In the second quarter, Google Cloud generated $10.35 billion in revenue, while Microsoft's Azure, included as part of the company's Intelligent Cloud group, reported $28.5 billion in revenue. AdvertisementIn 2023, Google Cloud generated $33.7 billion in sales, while Microsoft's Intelligent Cloud group reported $96.8 billion in sales.

Persons: —, Rima Alaily, Alaily, Nicky Stewart, Stewart Organizations: Microsoft, Google, Amazon, Service, Cloud Coalition, Open Cloud Coalition, European Commission, Big Tech, Amazon Web Services, Department of Justice, Games Locations: Europe

☆ Here are Tuesday's biggest analyst calls of the day: Apple, Netflix, Tesla, Meta, Uber, Amazon, Walmart, First Solar & more
▼ + stars: | 2024-10-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Tuesday: Evercore ISI reiterates Amazon as overweight Evercore says it's sticking with the stock ahead of earnings later this week. Evercore ISI reiterates Uber as overweight Evercore says it's bullish on Uber heading into earnings on Thursday. Janney upgrades First Solar to buy from neutral Janney says the solar company is attractive ahead of earnings on Tuesday afternoon. " Evercore ISI reiterates Meta as overweight Evercore says it's sticking with Meta ahead of earnings on Wednesday. Barclays reiterates Tesla as equal weight Barclays raised its price target on the stock to $235 per share from $220.

Persons: Evercore, Uber, it's bullish, Janney, Goldman Sachs, Ford, Goldman, Wells, Tesla, Morgan Stanley, Bernstein, TD Cowen, Cowen, it's, Mizuho, Stephens, ROA, Guggenheim, HOOD, we've Organizations: Ford, CTV, APP, Citi, Apple, Apple Intelligence, Barclays, Walmart, Mizuho, Netflix, Guggenheim, Six Flags Entertainment Locations: Mexican, Brazil, Mexico, China, U.S

☆ America’s CEOs don’t have the stomach for Trump’s promised revenge tour
▼ + stars: | 2024-10-29 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

While dozens of American business leaders — your Reeds Hoffman, your Marks Cuban, etc. “I was very grateful … for his willingness to stand up to the pressure from Donald Trump in 2015 … until now. That’s why 88 business leaders last month endorsed Harris. On the other hand, a little back-channeling and olive-branch-extending could give business leaders and their companies some goodwill in an administration helmed by a notoriously impulsive, vengeful leader. In a business world that craves certainty and economic stability, executives may be telling themselves that their silence is purely a business decision.

Persons: CNN Business ’, New York CNN —, Donald Trump, didn’t, Hoffman, Marks, Kamala Harris, Jeff Bezos, Trump, Marty Baron, Patrick Soon, Harris, Baron, CNN’s Michael Smerconish, Bezos “, Bezos, …, Elon Musk, “ Trump, ” Baron, NPR’s David Folkenflik, Steve Contorno, Alayna Treene, Tim Cook, Sundar Pichai, Andy Jassy, Mark Zuckerberg, it’s Organizations: CNN Business, New York CNN, Democratic, The Washington Post, Republican, Los Angeles Times, Saturday, SpaceX, Washington, LA Times, Apple, Trump, European Union, Las, Google, Amazon, CNN, Meta, White Locations: New York, Amazon, Las Vegas, Pennsylvania

☆ At 26, I set off on a yearlong adventure to South America. It's been 6 years, and I have no plans to leave.
▼ + stars: | 2024-10-29 | by ( Sinead Mulhern | ) www.businessinsider.com time to read: +7 min

She saved up for a yearlong adventure in South America, planning to move back to Canada at the end. AdvertisementI often think back to the day I arrived in Cuenca, Ecuador, the Andean city that accidentally became my home. It was 2018, I was 27, and halfway into what was intended to be a yearlong adventure in South America. But as the years passed, the city felt too fast-paced, I was stressed out, and everything was expensive. When I returned home, my life felt limited, and I wanted what she had.

Persons: Sinead Mulhern, —, it's, I'm, I've, everyone's, El Mercurio Organizations: Service, UNESCO, North Locations: Toronto, South America, Canada, Cuenca, Ecuador, Colombia, Quito, Yunguilla

☆ Over 90% of AWS's biggest data center customers are now using its homegrown Graviton chips, executive says
▼ + stars: | 2024-10-29 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

AWS's Graviton CPU chips are used by over 90% of its 1,000 largest data center customers. AWS's custom silicon strategy includes AI chips like Inferentia and Trainium. AdvertisementIn 2018, Amazon Web Services launched Graviton, its own line of homegrown central processing unit chips for data center servers. Big enterprises, such as Epic Games, Databricks, and Pinterest, are all major Graviton customers, he said. "We will absolutely continue to drive innovation in custom silicon as we have been doing for the past 10-plus years."

Persons: —, Rahul Kulkarni, Kulkarni, Graviton, James Hamilton, Bernstein, AWS's Kulkarni, Jassy Organizations: Service, Amazon Web Services, Intel, AMD, Epic, Annapurna Labs, Bernstein Research, AWS Locations: Israel

☆ Big Tech stocks have a high earnings bar to clear
▼ + stars: | 2024-10-29 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Overall S & P 500 profit growth is tracking below what analysts anticipated heading into the reporting period. Still, the S & P 500 is less than 1% below a record high reached earlier this month. Solita Marcelli, UBS Global Wealth Management chief investment officer for the Americas, also warned that high valuations could be a problem for megacap tech stocks as earnings roll out. Technical patterns based on price charts aren't too favorable, either, heading into megacap tech earnings. The Technology Select Sector SPDR Fund (XLK) in June hit its highest level relative to the S & P 500 since March 2000 , when the dot-com bubble peaked.

Persons: Solita Marcelli, Marcelli, Wells Fargo Organizations: Google, Microsoft, Apple, Nasdaq, UBS Global Wealth Management, Netflix Locations: Americas

☆ Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts
▼ + stars: | 2024-10-29 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

For nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley. "But I think any organization can always push a little further and I'll be looking at additional opportunities." During the Q&A portion of the call, Evercore ISI's Mark Mahaney asked, "As you're coming in looking at this fresh, is it clear to you there are a lot of newfound cost efficiencies or ongoing cost efficiencies?" The new CFO said one way Google can find additional efficiencies is by using AI "within our own processes and how we get work done." WATCH: Google search benefiting from generative AI

Persons: Ruth Porat, Porat's, Anat Ashkenazi, Sundar Pichai, Ruth, Sundar, Ashkenazi, Eli Lilly, Porat, There's, Pichai, Askenazi, Evercore, Mark Mahaney Organizations: Google, Tuesday Locations: Silicon Valley

☆ ‘Venom 3’ slinks to $51 million, lowest opening weekend of comic book trilogy
▼ + stars: | 2024-10-28 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +6 min

1 at the box office, but the comic book film fell significantly short of expectations. After much bigger launches, the first “Venom” powered to $856 million worldwide while “Let There Be Carnage” surpassed $500 million worldwide. The follow-up to 2019’s billion-dollar hit “Joker” has turned into a box office disaster with $57.8 million domestically and $201.1 million globally. The R-rated sequel to 2022’s “Smile,” which topped the box office last weekend, has generated $40.7 million in North America and $83 million worldwide to date. The well-reviewed family film has endured at the box office with minimal week to week drops, amassing $111 million domestically and $232 million worldwide so far.

Persons: “, Tom Hardy, ”, Venom, Kelly Marcel, Hardy, Eddie Brock, Jeff Bock, ’, Robert Zemeckis, Tom Hanks, Robin Wright, Dwayne “, ” Johnson, “ Moana, David A, Gross, Ralph Fiennes, Edward Berger, Audiences, Andrew Garfield, Florence Pugh, Sean Baker’s Palme d’Or Organizations: Marvel, Sony, Yankees, Dodgers, Rotten, Entertainment Research, Warner Bros, Catholic, Universal, DreamWorks, Cannes Locations: New York City, Los Angeles, North America, CinemaScore, Russian

☆ CNBC Daily Open: Nasdaq hits high even as poor earnings growth disappoints investors
▼ + stars: | 2024-10-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 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 todayThe bottom lineThe Nasdaq Composite managed to log a seventh consecutive winning week. Investors also looked ahead to Big Tech earnings coming out this week: shares of Meta , Amazon and Microsoft added as much as 1%. Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, the rate of profit growth has not met expectations, disappointing investors.

Persons: Brendan McDermid, CNBC's Pia Singh, James Quincey, — CNBC's Brian Evans, Pia Singh, Alex Harring Organizations: New York Stock Exchange, Reuters, CNBC, Nasdaq, Dow Jones, Investors, Big Tech, Meta, Microsoft, Dow

☆ Three Washington Post editorial board members step down amid wave of canceled subscriptions over non-endorsement
▼ + stars: | 2024-10-28 | by ( Hadas Gold | ) edition.cnn.com time to read: +4 min

A person with knowledge of the matter told CNN that an endorsement of Vice President Kamala Harris had been drafted by the Post’s editorial board members before it was quashed by Bezos. NPR reported that by midday Monday more than 200,000 people had canceled their digital subscriptions to the Post, citing two people familiar with the matter. Two Post journalists, Molly Roberts and David E. Hoffman both announced Monday they had stepped down from their positions on the editorial board, although both will stay at the paper. A third journalist, Mili Mitra also stepped down, the Post reported, meaning nearly one-third of the 10-member board had resigned. “I cannot sit here any longer on the editorial board and write those editorials while we ourselves have given in to silence,” he said.

Persons: Jeff Bezos’s, David Shipley, Kamala Harris, Bezos, Shipley, “, ”, Donald Trump’s, Molly Roberts, David E, Hoffman, Mili Mitra, Trump, we’re, Roberts, Donald Trump, Marty Baron, ” Baron, CNN’s Michael Smerconish, Bezos “, Baron, “ Bezos, “ Trump, Brian Stelter Organizations: New, New York CNN, Washington, CNN, NPR, Washington Post, Blue Origin, Trump, Post Locations: New York, Amazon

☆ Jim Cramer wants to buy more shares of 2 portfolio companies with favorable catalysts
▼ + stars: | 2024-10-28 | 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. "You want to own the stock," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jim, TD Cowen, Jim Cramer's Organizations: CNBC, Nasdaq, Microsoft, Delta Air Lines, Home Depot, Dow, pullbacks, Semiconductor, Spotify Locations: Delta

☆ Rihanna's Fenty Beauty is about to release a $250 makeup kit in collab with one of Netflix's biggest animated hits
▼ + stars: | 2024-10-28 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Fenty Beauty is releasing a collaboration with Netflix's hit animated series "Arcane." "Fenty Beauty x Arcane: The Legends Vault" is schedule for release on November 2 and is priced at $250. AdvertisementRihanna's Fenty Beauty is making a big bet on nerdworld, collaborating with Netflix's "Arcane" for its new "Fenty Beauty x Arcane: The Legends Vault" collection. According to Fenty Beauty's website, the collaboration vault is meant to showcase how "glam + animation collide." Representatives for Netflix, Riot Games, and Fenty Beauty didn't respond to requests for comment from Business Insider, sent outside business hours.

Persons: Netflix's, —, Fenty, Mel, Riche, I've, Arcane, Priscilla Ono, Ono, Kiahna Manker, Roblox, Rihanna, Lush, It's, Vox, greenlighting Organizations: Service, Riot, League of, Products, Games, Netflix, of, Korean, Adidas, London's O2 Arena, BiliBili, Video, Riot Games, Business Locations: Paris, Wembley

☆ Microsoft calls out Google for running 'shadow campaigns' in Europe to influence regulators
▼ + stars: | 2024-10-28 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft took the unusual step on Monday of publicly criticizing longtime rival Google for running "shadow campaigns" in Europe designed to discredit the software giant with regulators. "This week an astroturf group organized by Google is launching," Microsoft lawyer Rima Alaily wrote. "We've been very public about our concerns with Microsoft's cloud licensing, a Google cloud spokesperson said in an email. Google funded the Coalition for Fair Software Licensing that last year asked the U.S. Federal Trade Commission to investigate Microsoft, Alaily wrote. WATCH: Google Cloud exec says Microsoft is in violation of EU antitrust laws

Persons: Rima Alaily, Alaily, Microsoft's, didn't Organizations: Microsoft, Google, Justice Department, Group, Open Cloud Coalition, DGA, European Commission, Amazon Web Services, Amazon, Coalition for, Software, U.S . Federal Trade Commission, Cloud Infrastructure Services Locations: Europe, U.S, Monday's

☆ Buy this tech firm that's quietly automating warehouses with robots, say Berenberg and Citi — giving it 50% upside
▼ + stars: | 2024-10-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

AutoStore , founded in 1996 and listed since 2021 in Norway, provides robots and technology to automate traditional warehouses. The company has grown to control approximately 80% to 90% of the market, according to German investment bank Berenberg. The investment bank initiated coverage with a price target of 15 Norwegian kroner ($1.37), pointing to roughly 50% upside from the current share price level. Analysts at Norway-based Arctic Securities have the most bullish outlook with an 18 Norwegian krone price target, indicating a 78% upside. Instead, they cited media reports that Amazon will likely rely on AutoStore's technology in its grocery rollout in the United States.

Persons: Lasse Stueben, Stueben, Martin Wilkie, Berenberg Organizations: Citi, THG plc, Securities, Big Tech Locations: AutoStore, Norwegian, Norway, Germany, Europe, British, United States

☆ X-Energy CEO on $500 million funding round led by Amazon, Citadel
▼ + stars: | 2024-10-28 | 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 EmailX-Energy CEO on $500 million funding round led by Amazon, CitadelJ. Clay Sell, X-Energy CEO, joins 'Money Movers' to discuss Amazon's investment in the technology to build small modular reactors, what could prevent the company from working with Amazon's peers, and much more.

Persons: Clay Sell Organizations: Energy, Amazon, Citadel

Search resuls for: "Amazon"

25 mentions found