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☆ OpenAI's splashy purchase of a 4-letter domain name is a smart play, brand pros say
▼ + stars: | 2024-11-08 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

OpenAI acquired the URL "chat.com," which now redirects to ChatGPT. Analysts say the move strengthens OpenAI's global reach and consumer product positioning. AdvertisementOpenAI's splashy acquisition of a four-letter domain name is a smart strategic play, branding experts told Business Insider. BREAKING NEWS: Secret acquirer of $15+ million domain chat .com revealed and it's exactly who you'd think. "Strategy-wise, I think that for ChatGPT and OpenAI, purchasing a domain like this marks its shift toward a very global audience."

Persons: OpenAI, Dharmesh Shah, —, Sam Altman, Shah, it's, Margarita Polishchuk, Gil Luria, Davidson, Nicole Ferry, ChatGPT, Polishchuk Organizations: Service, HubSpot, Business, Amazon, Google, D.A, Sullivan NYC Locations: OpenAI, Clay

☆ Stocks making the biggest moves midday: Tesla, Airbnb, Toast, Pinterest and more
▼ + stars: | 2024-11-08 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Pinterest — Shares of the image-sharing platform pulled back 16% after the company issued a lower-than-expected revenue outlook for the current quarter. Block — The Cash App parent company slumped more than 4.5% after its third-quarter revenue of $5.98 billion missed expectations. Toast — The restaurant management company climbed 13% after it forecast adjusted EBITDA of between $90 million and $100 million for the current quarter. Analysts expected a loss of 30 cents per share on $198 million in revenue, according to LSEG. That said, Lucid's net loss widened in the period, posting $992.5 million versus $630.9 million in the year-ago period.

Persons: Donald Trump, Elon, Airbnb, DraftKings, LSEG, Monster, FactSet, Goldman Sachs, — CNBC's Hakyung Kim, Alex Harring, Sean Conlon Organizations: Trump Media & Technology, Arista Networks, Arista, Capri Holdings, Beverage, Barclays

☆ Markets just had their best week all year
▼ + stars: | 2024-11-08 | by ( John Towfighi | ) edition.cnn.com time to read: +4 min

New York CNN —US stocks closed at record highs on Friday, notching their best week all year after Donald Trump’s victory in the US presidential election. Both the S&P and the Dow had their best week in a year. Investors are responding to how Trump’s victory might transform the business landscape in the US. Markets had a milestone week as investors adjusted to Trump’s victory and started to evaluate the policies touted by his campaign, such as his proposal to lower the corporate tax rate. Markets move based on investor sentiment, and the historic gains this week are not certain to last.

Persons: Donald Trump’s, Dow, ”, Michael Block, Trump, Keith Lerner, Lerner, ” Lerner, Elon Musk’s Tesla, Bitcoin, Hogan, … Organizations: New, New York CNN, Nasdaq, US, Treasury, Markets, Dow, Advisory, Federal Reserve, Trump, Trump Media & Technology, GEO, America PAC, JPMorgan, Riley Wealth Management Locations: New York

Tinder cautioned investors it expected another drop in paying users in the fourth quarter. A Forbes Health survey this year reported 78% of Americans felt exhausted by dating apps. AdvertisementSingles aren't the only ones feeling the ache from dating app fatigue — Wall Street is too. AdvertisementDeflating investor energy around dating apps mirrors a national outcry of "swipe fatigue," following a decade of the apps' meteoric rise. As users grow frustrated with dating app fees and algorithms, new startup founders are entering the space.

Persons: Bumble, Tinder, —, influencer Serena Kerrigan, Whitney Wolfe Herd, Lidiane Jones, Sitch Organizations: Forbes Health, Service, Match, Inc, Bloomberg's Technology Summit Locations: Geneva

☆ Microsoft added AI to software it has barely touched since 1985. The results are astonishing
▼ + stars: | 2024-11-08 | by ( John Towfighi | ) edition.cnn.com time to read: +4 min

Microsoft — like its Big Tech competitors — is introducing AI to its consumer products, from virtual chatbot assistants to notetaking and editing tools. In October, Microsoft introduced a sweeping update to its Copilot virtual assistant in an effort to make it more useful and user-friendly, CEO of Microsoft AI Mustafa Suleyman previously told CNN. Microsoft users will also see AI features in Notepad, Microsoft’s writing platform, allowing them to use the new technology to help rewrite or edit sentences. For example, users can type a sentence, and then prompt the AI tool to rewrite the sentence or modify its tone or length. Apple’s “Writing Tools,” an editing tool, is similar to Microsoft’s AI features in Notepad.

Persons: Picasso, OpenAI’s Dall, it’s, Dave Grochocki, Mark Zuckerberg, ” Zuckerberg, Mustafa Suleyman Organizations: CNN, Microsoft, Big Tech, —, Windows, OpenAI, Facebook, Apple Locations: Europe, Notepad

☆ Trump just made $500 million with a single Truth Social post
▼ + stars: | 2024-11-08 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump’s social media stock had been sinking fast after a short-lived, post-election-victory surge this week. Then, with a single post on Truth Social, he helped boost the stock again – and added a half billion dollars to his net worth as a result. Trump is the company’s single largest shareholder, and his 114.75 million shares are now worth about $3.7 billion. Trump media rose just 4.4% over the past five days. That could be difficult to do, anyway, because the company’s valuation depends almost entirely on Trump’s ownership and participation on Truth Social, its core product.

Persons: Donald Trump’s, Trump Organizations: CNN, Trump Media, Technology Group, Traders, Trump, Truth Locations: United States

Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. "Our primary focus is #Bitcoin," Dorsey proclaimed on Twitter. The name of the business unit would be TBD. Block called it Web5 and said the mission was to create a more decentralized, secure and private internet. Dorsey said in a tweet in mid-2022 that Web5 "will likely be our most important contribution to the internet."

Persons: Jack Dorsey, Shiba Inu, bitcoin, Dorsey, Amrita Ahuja Organizations: Twitter Inc, Twitter, Square Inc Locations: Miami , Florida, U.S

☆ OpenAI's splashy purchase of a 4-letter domain name is a smart play
▼ + stars: | 2024-11-08 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Analysts say the move strengthens OpenAI's global reach and consumer product positioning. AdvertisementOpenAI's splashy acquisition of a four-letter domain name is a smart strategic play, branding experts told Business Insider. The domain was previously owned by HubSpot founder and CTO Dharmesh Shah, who confirmed that he sold the domain to OpenAI after buying it in 2023. BREAKING NEWS: Secret acquirer of $15+ million domain chat .com revealed and it's exactly who you'd think. "Strategy-wise, I think that for ChatGPT and OpenAI, purchasing a domain like this marks its shift toward a very global audience."

☆ Here's why Eli Lilly bounced back, plus mega-caps lag while staples stocks rise
▼ + stars: | 2024-11-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Eli Lilly: Shares of Eli Lilly are finally putting together back-to-back sessions of gains. Eli Lilly shares traded at $903 before the quarterly report, putting the post-earnings pullback at about 7%. 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. An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024.

Persons: Jim Cramer, Donald Trump's, aren't, Eli Lilly, Lilly, David Ricks, Wells, We've, Eli Lilly's, Tyson, Jim Cramer's, Jim, Shelby Knowles Organizations: CNBC, ., Treasury, Companies, Tech, Tesla, Arista Networks, Costco, United States, Disney, Tyson Foods, AstraZeneca, Spotify, Occidental, Cisco, Advance, Materials, Jim Cramer's Charitable, Bloomberg, Getty Locations: China, Wells Fargo, Brooklyn, New York

☆ Stocks making the biggest moves premarket: Pinterest, Monster Beverage, Bath & Body Works, Trump Media & more
▼ + stars: | 2024-11-08 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Trump Media & Technology Group — Shares of President-elect Donald Trump's media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The company saw $162 million in revenue, topping the consensus expectation for $150 million. Analysts polled by FactSet penciled in 43 cents in earnings per share and $1.91 billion in revenue. Affirm lost an adjusted 31 cents per share, narrower than the consensus forecast of 35 cents, according to LSEG. Bath & Body Works — The fragrance retailer slid 2.7% in the wake of a Barclays downgrade to underweight from equal weight.

Persons: Donald Trump's, platform's, DraftKings, Sweetgreen, LSEG, Toast, StreetAccount penciling, Versace, Michael Kors, FactSet, BioNTech, Goldman Sachs, Goldman, — CNBC's Sean Conlon, Yun Li, Pia Singh, Samantha Subin Organizations: Trump Media & Technology, LSEG, Arista Networks, Arista, Capri Holdings, Capri, Beverage, Revenue, Barclays Locations: LSEG, BioNTech —

☆ This Texas city is the No. 1 college town in the U.S.—here are the top 10
▼ + stars: | 2024-11-08 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Austin, the state capital of Texas, can add another title to its name: best college town in the U.S., according to a recent ranking by WalletHub. The city is home to a number of schools, including the University of Texas at Austin, which is one of the largest research universities in the U.S. and has a student population of over 51,000. The city itself is located in central Texas and home to nearly 980,000 people, with a median household income of $86,556, per the latest available U.S. Census data. To generate its list of best college towns, WalletHub used data from a number of sources, including the U.S. Census Bureau and the Bureau of Labor Statistics, to analyze 415 cities and towns of various sizes across America. Plus, the cities tend to come with a lower cost of living than larger cities like New York or Los Angeles.

☆ TSMC is reportedly suspending production of advanced AI chips for Chinese firms
▼ + stars: | 2024-11-08 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

TSMC will stop providing Chinese customers with some of its most advanced AI chips, per reports. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTaiwan Semiconductor Manufacturing Company has informed its Chinese customers that it will stop supplying them with its most advanced artificial intelligence chips, according to multiple reports. The policy is part of a number of sanctions and export controls aimed at restricting Chinese firms' access to advanced technologies in the interests of national security. AdvertisementNews of TSMC suspending production was first reported by Chinese media site ijiwei.com.

Persons: —, TSMC, Biden, Donald Trump Organizations: Service, Taiwan Semiconductor Manufacturing Company, Baidu, Nvidia, Huawei Technologies, US Commerce Department, US, Reuters, Trump Locations: Washington, China

☆ 'It's gross, it's unprofessional': Some LinkedIn users are being put off the platform by unsolicited flirtatious DMs
▼ + stars: | 2024-11-08 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +8 min

studioEAST | Getty ImagesSome LinkedIn users have reported receiving unsolicited flirtatious messages via the platform, with expert Bernie Hogan at the Oxford Internet Institute saying the employment-focused social website is increasingly being used for dating purposes. "It's just a gross feeling ... it's gross, it's unprofessional," Huddy told CNBC. "LinkedIn is not a workplace, it merely frames itself as a workplace," he told CNBC Make It. A recent Forbes Health Survey of 1,000 Americans who have used dating apps in the past year found that 78% felt fatigued emotionally, mentally, or physically by dating apps sometimes, often, or always. "So LinkedIn has effectively created a dating site without dating," Hogan added.

Persons: Bernie Hogan, Blair Huddy, Huddy, She's, Shriya, DatingNews.com, Hogan, Courtney Boyer, Boyer, Sasha Dutta, Dutta, Oscar Wong Organizations: Getty, Oxford Internet Institute, Hudson Davis Communications, CNBC, LinkedIn, Microsoft, Facebook, Forbes Health Survey Locations: studioEAST, Los Angeles, U.S, Central Florida, Asian

☆ Quantum computing will have a major impact on marketing, says Citi CMO Alex Craddock
▼ + stars: | 2024-11-08 | by ( Julia Hood | Will Wei | ) www.businessinsider.com time to read: +3 min

I think it's the speed and the impact you're going to be able to drive. I think we're going to be able to see a scale of personalization that I'm not sure we completely appreciate it. That's the kind of level of personalization that I think we're going to be stepping into. And whether that's on our TVs, in our hands, on a billboard, wherever else we spend time, that's where I think we're heading. It's probably still three to five years away, but I think it's going to come a lot quicker than we realized.

Persons: Alex Craddock, it's, I've, It's, I'd Locations: geolocation

☆ Tesla's social media posts falsely implied that its cars are robotaxis, NHTSA warns
▼ + stars: | 2024-11-08 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

The NHTSA is investigating possible safety defects in Tesla's FSD option, a partially automated driving system. In one instance, a Tesla driver using FSD fatally struck a pedestrian. Magno referred to an array of posts shared by Tesla on X, the social network owned by Tesla CEO Elon Musk. One post showed a driver using FSD to go to a hospital while enduring a possible heart attack. In the posts, Tesla suggested there are "advantages to using FSD while inebriated" or while fatigued, Magno wrote.

Persons: Elon Musk, Tesla, Gregory Magno, Magno, Donald Trump's, Elon Organizations: National, Traffic Safety Administration, NHTSA, Tesla, Trump Locations: Los Angeles , California, U.S

☆ Cramer's Lightning Round: Domino's Pizza is a buy
▼ + stars: | 2024-11-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Domino's Pizza's year-to-date stock performance. Domino's Pizza : "[buy, buy, buy!] Stock Chart Icon Stock chart icon Enterprise Products' year-to-date stock performance. Stock Chart Icon Stock chart icon Arm's year-to-date stock performance. Stock Chart Icon Stock chart icon InterDigital's year-to-date stock performance.

Persons: Domino's, it's, Wells, Jim Cramer's Organizations: Products, CNBC, CME Locations: Wells Fargo

☆ AI robot’s portrait of Alan Turing that ‘challenges what it is to be human’ sets record, selling for $1.08 million
▼ + stars: | 2024-11-08 | by ( Issy Ronald | ) edition.cnn.com time to read: +5 min

The paintings depict British computer scientist, mathematician and codebreaker Alan Turing. “There’s a slightly apocalyptic view of AI art wiping out everybody. for good’ which led to Ai-Da bringing up Alan Turing as a key person in the history of A.I. “’AI God,’ a portrait of pioneer Alan Turing, invites viewers to reflect on the god-like nature of AI and computing while considering the ethical and societal implications of these advancements. Alan Turing recognised this potential, and stares at us, as we race towards this future,” the robot added.

Persons: Alan Turing, ”, Ai, Aidan Meller, Turing, Meller, “, Alastair Sooke, Pablo Picasso, ” Ai, Da, she’s, ‘, Turing’s, Sotheby’s Organizations: CNN, British Locations: New York, British, Cornwall, England, Turing’s

☆ How Samsung fell behind in the AI boom leading to a $126 billion wipeout
▼ + stars: | 2024-11-08 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

But the South Korea electronics giant has now fallen behind its long-time rival SK Hynix in next-generation chips that have been key component for AI silicon leader Nvidia . For years, Samsung was the undeniable leader in this technology, ahead of South Korean rival SK Hynix and U.S. competitor Micron . SK Hynix saw this opportunity. SK Hynix posted record quarterly operating profit in the September quarter. "It is fair to say that Samsung has not been able to close the gap with SK Hynix on the HBM development roadmap," Morningstar's Ito said.

Persons: SeongJoon Cho, HBM, Kazunori Ito, Brady Wang, Morningstar's Ito Organizations: Samsung Electronics Co, Bloomberg, Getty, Samsung Electronics, SK Hynix, Nvidia, Samsung, Micron, Morningstar, CNBC, U.S, Counterpoint Research, South Locations: Seoul, South Korea, South Korean, HBM

☆ One chart that should make Apple bulls worry and think about trimming
▼ + stars: | 2024-11-08 | by ( Carter Braxton Worth | ) www.cnbc.com time to read: +1 min

The almighty Apple, despite making new 52-week highs and all-time highs as recently as two weeks ago, continues to struggle versus its peer group. In fact, Apple's relative performance to the tech sector peaked more than two years ago — in Q3 2022 — and has not improved in any meaningful way. The exact date of Apple's relative performance peak was Sept. 27 2022. Since then, Apple (AAPL) is +49.9% while the SPDR Technology Select Sector ETF (XLK) is +92.7%. The relative performance chart below tells the tale.

Persons: Said, Carter Braxton Worth Organizations: Apple, Technology, CNBC, NBC UNIVERSAL

☆ Trump Says He Won't Sell Truth Social, Calls for Investigations
▼ + stars: | 2024-11-08 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Shares in Trump Media & Technology are surging after the election. Furthermore, Trump threatened the "market manipulators or short sellers" who he said were spreading the "fake, untrue, and probably illegal rumors and/or statements" that he did intend to sell Trump Media shares. AdvertisementShares in Trump Media were up around 15% by late afternoon Friday trade. Neither the Trump campaign nor Trump Media immediately responded to requests for comment from Business Insider. Trump's majority stake comprises 115 million shares worth around $3.7 billion as of Friday.

Persons: Donald Trump, he's, —, Trump, could've feasibly, Elon Musk's Organizations: Trump Media & Technology, Service, Trump Media, Business, Trump Media's, Trump, Social, Elon

☆ What a second Trump administration may hold for one part of clean energy: nuclear power
▼ + stars: | 2024-11-08 | 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 EmailWhat a second Trump administration may hold for one part of clean energy: nuclear powerCNBC's Pippa Stevens discusses how energy policies from the second Trump White House may affect nuclear power operators, and those who've also struck deals to leverage their sites for AI technology.

Persons: Trump, Pippa Stevens, who've Organizations: Trump White

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Home Depot, Domino's, Wingstop, Warby Parker, Rivian, Bank of America & more
▼ + stars: | 2024-11-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Jefferies reiterates Nvidia and Marvell as buy The firm says the two chipmakers still have the most upside. Citi upgrades Bank of America to buy from neutral Citi says the bank could be a beneficiary of lighter regulation. Bank of America downgrades Rivian to neutral from buy Bank of America said it sees regulatory risk under a Trump administration. Bank of America upgrades Teledyne Technologies to buy from neutral The firm says it sees upside ahead for the industrial conglomerate. Goldman Sachs upgrades Wingstop to buy from neutral The firm says the wings restaurant has "best-in-class" growth.

Persons: William Blair, Warby Parker, Bernstein, Apple, Lowe's, Jefferies, Goldman Sachs, Sweetgreen, Goldman, outperformance, it's bullish, BNTX, Oppenheimer, Piper Sandler, Wells, Airbnb, Gross, Trump, TDY Organizations: Apple, Apple Intelligence, Nvidia, Marvell, Enterprise, JPMorgan, China EV, Catalyst, Holdings, Barclays downgrades, Body, Citi, U.S, Deutsche Bank, UBS, Molson Coors, OW, Bank of America, Trump Administration, " Bank of America, Teledyne Technologies Locations: AVGO, 4Q24, DPZ, UW

☆ Why the election felt like the 2021 meme stock rally — but way bigger
▼ + stars: | 2024-11-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

The US election showed shades of the meme stock mania of early 2021. Ron DeSantis' Presidential Announcement with Elon MuskSimilarly, in February 2021, Cuban thanked members of Reddit's WallStreetBets forum for "changing the game" and "taking on Wall Street." Wall Street traders watched the swings in election betting markets to assess the state of the presidential race and inform their investments, Malek added. Trump Media & Technology Group, the parent company of Truth Social which counts the president-elect as its majority shareholder, unites several of these ideas. AdvertisementThere are clear parallels between the meme stock mania of early 2021 and the social-media chatter and betting-platform activity going into the election.

Persons: Elon Musk, Mark Cuban, —, Musk, Trump, Ron DeSantis, Cuban, Reddit's, dogecoin, Kamala Harris, It's, Neil Wilson, Keith, Gill, Young, Joe Rogan, Mark Malek, Siebert, Malek, Naeem Aslam, Tesla, Dan Coatsworth, AJ Bell Organizations: Service, GameStop, Florida Gov, Elon, Democratic, Trump, WSB, Wall Street, titans, Wall, Zaye, Markets, Trump Media & Technology Group, Truth, White Locations: America, Florida, Polymarket, WallStreetBets, . Washington

☆ I recruit for VC firms. Here's what they're looking for in candidates — and how to stand out in interviews.
▼ + stars: | 2024-11-08 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Emma Halls, a Stem7 Executive Search recruiter, shares what VC firms are looking for in candidates. We work with VC firms in London, Palo Alto, Paris, Berlin, Stockholm, Munich, and New York. But they're also looking for candidates whose CVs show they're actually passionate about the whole VC ecosystem. This shows VC firms that the candidates were always doing things that created some kind of disruption. VC firms want to know if applicants have been able to network themselves into some kind of startup role or internship.

Persons: Emma Halls, —, they're, They'd, we've, it's Organizations: Service, Business Locations: London, Palo Alto, Paris, Berlin, Stockholm, Munich, New York

☆ Fintechs Upstart and Toast soar on earnings
▼ + stars: | 2024-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Chris Comparato, CEO, the Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021. Toast , which sells payments technology to restaurants, jumped 14%, closing at its highest since 2021. Toast is still well off its pandemic highs of 2021, but the stock has now more than doubled this year. The company's adjusted earnings forecast of $90 million to $100 million for the current quarter sailed past estimates. Coinbase shares jumped 48% for the week, their strongest performance since January 2023.

Persons: Chris Comparato, David Girouard, Donald Trump's, Coinbase, Trump, Gary Gensler, Bitcoin, dogecoin, fintechs, Jack Dorsey's, Robinhood Crypto Organizations: Inc, New York Stock Exchange, Nasdaq, SEC Locations: fintech, solana

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