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In today's big story, inside Amazon's internal pitch for turning to nuclear power to meet its growing energy needs . AdvertisementThat's led Big Tech to consider nuclear power to address its skyrocketing energy requirements. Nuclear power ticks that box better than other clean energy options like solar or wind. Nuclear power, meanwhile, is an industry in desperate need of some love , BI's Daniel Geiger and Ellen Thomas previously reported. From advertising platforms to AI tech companies, here's the startups to watch .
Persons: , Jocko Willink, we've, Jenny Chang, Rodriguez, That's, Business Insider's Eugene Kim, Andy Jassy, it's, Sam Altman, Eugene, BI's Hasan Chowdhury, BI's Daniel Geiger, Ellen Thomas, Jim Burke, Vistra, Chelsea Jia Feng, Elon Musk, Jean Boivin, He's, Marc Benioff isn't, bashed, Miles Brundage, OpenAI, Emma Tucker's, Tucker, Mike Jeffries, SpaceX's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Navy, Big Tech, Amazon, Microsoft, Google, Keystone, Hulton, Constellation Energy, Getty, EV, BlackRock Investment Institute, San Francisco, BI, AGI, Abercrombie, Fitch Locations: Fukushima, Pennsylvania, Arizona, New York, London
Though the job was remote, she was asked to commute an hour into the office for her first week of onboarding. Why companies bait-and-switch job candidatesExperiencing a bait-and-switch during job interviews is a frustrating candidate experience and highlights one of the many breakdowns in today's hiring process, says Jon Stross, president and co-founder of Greenhouse. For the most part, these experiences say more about the hiring team than you as a candidate, he says. How to confront a bait-and-switch job interviewAs far as confronting the experience as a job candidate, Stross says your best defense is to ask plenty of questions throughout the hiring process. "This is not a normal red flag — this is a flaming red flag."
Persons: Alexis Byrd, Byrd, , I'd, it's, Jon Stross, Stross, It's, Pynes, Weston Davis, Davis, I'm Organizations: CNBC, Greenhouse, Fox Rothschild LLP, Dell, Walmart Locations: Detroit, U.S, Los Angeles, San Francisco
Until this week’s pullback, the market’s recent performance told a remarkable story. The S&P 500 rose for 37 of the last 51 weeks, matching a record reached in both 1989 and 2004. Political uncertaintyWith polls showing a tight race for the White House, investors have been increasingly on edge about the prospect of former President Donald Trump winning the election. While polls remain effectively dead even, political betting markets have swung in Trump’s favor since the start of this month. Deutsche Bank analysts warn that the recent rally may be difficult to sustain given these historically high valuations.
Persons: Donald Trump, Trump, ” Steven Ricchiuto, Henry Allen, it’s Organizations: New, New York CNN, Dow, Nasdaq, White House, Mizuho Securities, , Deutsche Bank, Apple, Microsoft, Presidential, Federal Locations: New York, Israel
The Washington Post Building at One Franklin Square Building on June 5, 2024 in Washington, DC. Andrew Harnik | Getty ImagesThe Washington Post said Friday that it will not endorse a candidate in the presidential election this year, breaking decades of tradition, and sparking immediate criticism of the decision. "The decision not to publish was made by The Post's owner — Amazon founder Jeff Bezos," The Post reported, citing two sources briefed on the events. Trump, while president, had been critical of Bezos and The Post. Nor in any future presidential election."
Persons: Andrew Harnik, Kamala Harris, Donald Trump, Jeff Bezos, Trump, Boris Johnson, Michael M, Will Lewis, Lewis, Mariel Garza, Patrick Soon, Shiong, Garza, Marty Baron, Baron Organizations: Washington Post, Franklin, Democratic, GOP, , Amazon, Pentagon, Microsoft, Trump, CNBC, British, Santiago, Getty, Post, Los, Columbia, The Locations: Washington , DC, New York City
SKIP AHEAD Best products for snaking a drain | How to use a drain snake drain | How to unclog a drain without a snake | Meet our experts | Why trust NBC Select? While a drain snake is incredibly helpful in clearing up your sink or bathtub drain, it’s important to prevent hair and other particles from building up in the first place. A drain snake is effective at cleaning out a bathtub drain, but they could potentially damage pipes if used improperly. Instead, use an enzyme-based liquid cleaner if you prefer that over a drain snake. If you have to unclog your bathtub drain but don’t have a drain snake, you can try using an enzyme-based cleaner, such as the Mighty Mint Drain Maintainer with Enzymes, to clear out the pipes.
Persons: John Pirsos, Ryan Knoll, Kadi, “ It’s, , Mili Godio, Lindsay Schneider, Rosalie Sparaco, Caitlin Cusack, Schneider, , Zoe Malin, it’s, I’ve, Knoll, Kadi Dulude, grout, TikTok Organizations: Petri, NBC, Tidy Casa, of, Mighty Mint, Knoll, Facebook, Twitter Locations: Knoll, Kadi
Brainstorming great gift ideas for men in your life, whether it’s your husband, boyfriend, dad or brother, goes a long way in making their holiday memorable. To find the best gift ideas for men, I gathered a long list of products and even got recommendations from my fellow NBC Select editors and writer, who tests hundreds of products every year. SKIP AHEAD The best tech gifts for him | The best food and home gifts for him | The best fitness and wellness gifts for him | The best apparel and accessories gifts for him | Why trust NBC Select? The Amazon Echo Dot is a great gift idea for someone who wants to have a “smart home” but doesnt know quite where to start. The Theragun Mini Massage Gun is a great gift idea for someone who regularly works out and wants to improve their recovery time.
Persons: Apple, Marshall, Jordan Bowman, Bowman, , they’ve, Bianca Alvarez, she’s, , gifting, Alvarez, It’s, Lauren Swanson, They’re, Zoe Malin, Swanson, Harry Rabinowitz, Rabinowitz, Surie, Rosalie Sparaco, I’ve, Le Labo, Abercrombie &, Buck Mason, Steve Madden, TikTok Organizations: NBC, Apple, Apple Watch, Amazon, Bluetooth, Bose, Anker Power Bank, Press, Chicago Marathon, Clifton, Garmin, Adidas, Abercrombie, Abercrombie & Fitch, TSA, Facebook, Twitter Locations: New York City, stow, Lululemon, Patagonia
If you’re in a similar situation, you can peruse my list of the best gifts for someone you don’t know. SKIP AHEAD The best gifts for someone you don’t know in 2024 | Why trust NBC Select? Stationery sets and notebooks are some of our go-to items when it comes to buying gifts for someone you don’t know. One of the best gifts I’ve ever received is this reusable water bottle from Hydro Flask. I’m an associate reporter covering skin care and hair care and frequently write about new products for NBC Select.
Persons: I’ve, , Rebecca Rodriguez, “ I’ve, I’m, Zoe Malin, Lindsay Schneider, Malin, , that’s, terry, Frank Stella, Schneider, Goetz, They’re, Le Creuset, Le, Cory Fernandez, Mili Godio, wicks, Fernandez, TikTok Organizations: NBC, Le, Stationery, Nordstrom, Facebook, Twitter
Brett and Tiffany both kept their day jobs after appearing on 'Love Is Blind'Brett and Tiffany met and fell in love on "Love Is Blind" season 4. But the security of having full-time jobs — or at least one full-time job among two of them — has allowed them to be discerning. Influencing as a side-hustle has been lucrative for the 'Love Is Blind' coupleBrett and Tiffany during the "Love Is Blind" reunion. Juggling maintaining a public profile and working a full-time job can mean the Browns are sometimes spread a little thin. AdvertisementYears before 'Love Is Blind,' Brett made a career changeBrett on "Love Is Blind" season 4.
Persons: Brett Brown, Brown, , Tiffany Pennywell, Brett, Tiffany, I'm, there's, Netflix Brett, they've, Monty Brinton, he'll, Brett hadn't Organizations: Nike, Service, Netflix, Browns, Amazon, Business Locations: Seattle, Portland, New Hampshire, Kohan
Amazon promoted Garman to be the CEO of Amazon Web Services this year, right as competition in cloud computing and AI intensified. Garman has nearly 20 years of experience across engineering and sales roles at the company. His deep understanding of the business helped shape AWS's early approach to generative AI and the creation of AI products, like Amazon Q and Bedrock. He also led the establishment of the AWS Generative AI innovation Center, designed to collaborate with customers and help them identify opportunities in AI. See Business Insider's full AI Power List
Persons: Garman Organizations: Amazon, Amazon Web Services
The 2024 AI Power List: Matt McIlwain
  + stars: | 2024-10-24 | by ( Ben Bergman | ) www.businessinsider.com   time to read: 1 min
Operating in Seattle, in the shadow of Amazon and Microsoft headquarters, McIlwain's Madrona Ventures was an early investor in AI companies such as Xnor.ai, which Apple acquired in 2020. The firm likes to say no investment is too early, as it prefers to be there as early as formation. Madrona also hosts the annual Intelligent Applications Summit, with this year's event featuring Mustafa Suleyman, the CEO of Microsoft AI, and Arvind Jain, the CEO and cofounder of Glean. McIlwain says companies should focus more on their business model than on an AI model. See Business Insider's full AI Power List
Persons: Madrona, Mustafa Suleyman, Arvind Jain, McIlwain Organizations: Microsoft, McIlwain's Madrona Ventures, Apple Locations: Seattle
Amazon Prime wants to help you save on gas
  + stars: | 2024-10-24 | by ( Erika Tulfo | ) edition.cnn.com   time to read: +3 min
CNN —Prime members can now add “fuel discounts” to their ever-growing list of benefits. Members can avail themselves of the discount by linking their Amazon account to Earnify, a loyalty program app by BP. Amazon’s newest savings benefit could alleviate some of that potential grief for its over 184 million Prime subscribers. How Amazon is retaining its leadFuel and energy probably isn’t the first sector to come to mind when you think of Amazon, but analysts say that the recent inclusion of gas savings doesn’t come as too much of a surprise. “Other retailers are still playing catch up to Amazon, and Amazon wants to retain its lead,” Saunders said.
Persons: , Neil Saunders, Saunders, Wayfair’s, ” Saunders Organizations: CNN, Amoco, BP, GlobalData, Walmart, that’s, Target
Here are Thursday's biggest calls on Wall Street: KeyBanc downgrades Verizon to sector weight from overweight KeyBanc downgraded the telecom provider following earnings. Jefferies initiates California Resources at buy Jefferies says the energy company has a differentiated offering. " TD Cowen reiterates Microsoft as buy The firm recommended Microsoft heading into earnings next week. Bank of America reiterates Amazon as buy Bank of America touted Amazon ahead of earnings next week. Morgan Stanley reiterates Tesla as overweight The firm says it's sticking with top pick Tesla following earnings on Wednesday.
Persons: KeyBanc, Jefferies, Bernstein, ServiceNow, TD Cowen, Wells, Susquehanna, Lisa Su, SRE, Morgan Stanley, Tesla, Rosenblatt, Apple Organizations: Verizon, " Bank of America, IBM, Bank of America, CRC, Facebook, Google, Microsoft, Deutsche Bank, Deutsche, JPMorgan, NextEra Energy Partners, NextEra Energy, AMD, Sempra Energy Locations: California, Regions
Mike Tindall says marrying into the royal family was pretty smooth. Tindall, a former rugby player, married Zara Tindall, who is not a working royal. AdvertisementPrincess Anne's son-in-law, Mike Tindall, said marrying into the royal family was an "easy" experience for him. Tindall is a former professional rugby player and husband to Zara Tindall, King Charles' niece. AdvertisementPrince Harry pictured with Zara Tindall and Mike Tindall in 2014.
Persons: Mike Tindall, Zara Tindall, , Anne's, Tindall, King Charles, Kate Middleton, Meghan Markle, Princess, Wales, Duchess, Sussex —, Kristen Meinzer, Danny Martindale, Meinzer, aren't, they're, Mike, James Haskel, Alex Payne, Prince Harry, Harry, Chris Jackson, Sovereign Grant, Zara, Marlene Koenig, Koenig, Kate, Meghan, Richard Fitzwilliams, Meghan's, Prince William, Prince George, Oprah Winfrey, Sussex, Buckingham Organizations: Service, Rugby, The Telegraph, Sovereign, Sovereign Grant, London, Pueris, Amazon Prime Locations: Domino's, Buckingham
With its core business under threat, Google has spent the past two years pouring resources into building its own AI chips. In charge of those efforts is Vahdat, one of Business Insider's 2024 AI Power List picks. Vahdat has been at the company for more than a decade and is today setting the direction for Google's silicon strategy. That also means working closely with Google DeepMind to take its breakthrough models and integrate them throughout Google's products, whether YouTube's creator tools or Google's search ads. See Business Insider's full AI Power List
Persons: Vahdat Organizations: Google, Amazon, Microsoft
Walmart stock has soared 58% this year to record highs, making its founding family richer than ever. Retail legend Sam Walton's three surviving children are each worth more than $100 billion. Walmart and the Waltons have benefited from a signature strategy and cost pressures on consumers. The stock surge has added more than $32 billion to the fortunes of each of founder Sam Walton's three surviving children — Jim, Rob, and Alice. But it's true the vast majority of the family fortune remains in the hands of Sam Walton's children.
Persons: Sam Walton's, , they're, Jim, Rob, Alice, Elon Musk, David King, who've, King, Art Weinstein, Florida who's, Weinstein, Sam Walton shrewdly, . King, Jeff Bezos, Mark Zuckerberg, Sam Walton, John T, Lukas Walton, it's Organizations: Walmart, Waltons, Service, Bloomberg, Elon, Sam's, Management, Florida State University, Logistics, Procter, Nova Southeastern University, Tech, Tesla, SpaceX, Amazon Locations: Florida
Chilimbi is a vice president and distinguished scientist at Amazon, where he leads the Stores Foundational AI organization. His latest focus is on building specialized foundation models for shopping and e-commerce. As part of this effort, Chilimbi led a team of Amazon scientists behind Rufus, Amazon's new generative-AI-powered shopping assistant. Before joining Amazon in 2017, Chilimbi was a researcher at Microsoft. His prior research focused on scaling deep learning training systems and vision-language pertaining.
Persons: Chilimbi, Rufus Organizations: Amazon, Microsoft
The company's energy strategy team recently pitched CEO Andy Jassy on the benefits of nuclear power. AdvertisementIn June, Amazon's Global Energy Strategy team pitched CEO Andy Jassy the idea of doubling down on nuclear power to support its growing network of data centers. Jassy agreed, according to an internal Amazon document from the third quarter that was obtained by Business Insider. The company considered tapping into at least four additional existing nuclear power plants and sought even more small modular reactor deals. Nuclear power can be safer, more reliable, and more cost-efficient in the long term compared to other power sources, according to Jacopo Buongiorno, a nuclear engineering professor at MIT.
Persons: Andy Jassy, , Thos Robinson, It's, Sam Altman, Jassy, Jacopo Buongiorno, Buongiorno Organizations: Service, Amazon's Global Energy, Business, Amazon, Amazon Web Services, Hulton, Google, Kairos, Microsoft, Amazon's Global Energy Strategy, BI, US Department of Energy, MIT, Global Energy Strategy Locations: Pennsylvania, Fukushima, Maryland, Texas
Earnings growth is falling short of expectations thus far
  + stars: | 2024-10-24 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
Corporate earnings are not meeting expectations thus far. Roughly 160 S & P 500 companies have posted third-quarter results thus far, with their bottom lines growing an average of just 2.6%, per FactSet. The blended growth rate, which includes the reports already out and estimates for those on the docket, points to overall S & P 500 earnings growing at 3.4% from the year-earlier period. The S & P 500 rebounded slightly from a three-day slide on Thursday due in part to strong earnings reports. Companies slated to report earnings after the close Thursday include Deckers, Capital One and DexCom.
Persons: Joseph Cusick, " Cusick, Sam Stovall, Stovall Organizations: Calamos Investments, Research, Whirlpool, PayPal, CNBC, Companies, Tech, Amazon, Apple
The Twrl founders say they hope the initiative they took moves those conversations forward and educates some people along the way. Later, Taiwan would claim to be the birthplace of the boba drink concept, a sweet concoction of an aromatic tea, milk and boba balls. The first U.S. boba drink shops opened in the 1990s but there’s conflicting reports on whether the San Francisco Bay Area or Southern California was the starting point, Phun said. But it didn’t come from a place of, ‘I really love boba tea,’” she said. Meanwhile, the “Dragons’ Den” episode led to some significant fallout.
Persons: Olivia Chen, Pauline Ang, Simu Liu, Liu, Chi, Twrl, , , Chen, ” Liu, Juily, South America . Colonization, boba, Phun, ” Phun, “ It’s, ” Megan Ruan, they’re, ” Chen, , ” Ruan, it’s, Ang, Manjit Minhas Organizations: ABC, San, Bobba, American, Cal State, South America ., San Francisco Bay Area, Gold House Ventures, Foods Locations: San Francisco Bay, , Quebec, Taiwan, South America, Pacific Islands, Asia, U.S, Southern California, American, Japan, China
Inspired by successful e-commerce entrepreneurs, I decided to try my hand at selling on Amazon. I set a budget of $5,000, enough to launch something basic and an amount I was comfortable losing. These conversations got me thinking: Is starting a profitable Amazon business … simple? We'd been toying with the idea of starting an e-commerce business since the spring of 2023, when I mentioned one of the Amazon stories I was working on. Double the founders would mean not only double the budget but double the skillset and the network.
Persons: , Shan Shan Fu, Joe Reeves, Fu, Reeves, I'd, wasn't, we'd, We'd Organizations: Service, Venice Locations: Los Angeles, New York City
The fire began burning in the Waikato wetland on October 21, 2024. Fire and Emergency New ZealandThe blaze poses a major risk to the wetland ecosystem, an important habitat that’s found in few other places, experts say. But even before the blaze, the Waikato wetland, like many other unique habitats in New Zealand, was at risk due to environmental degradation and the climate crisis. But when these carbon sinks come under threat, that stored carbon can be released back into the environment. As the fire burns it’s too soon to assess the extent of its damage or impact on the ecosystem, Jones told RNZ.
Persons: , Mark Tinworth, Niwha Jones, isn’t, ” Jones, Jones, RNZ, FENZ’s Tinworth Organizations: CNN, Department of, Radio New Zealand, bittern, Department of Conservation Locations: New Zealand, Waikato, Auckland, Zealand, Māori
Electricity and labor headwinds slow Amazon's data center buildout. AdvertisementAmazon is spending heavily on data centers to support booming AI workloads, putting it on pace to build 240 new facilities by 2040, one estimate found. David Cahn, a Sequoia Capital general partner, recently predicted data center delays across the sector. Bernstein Research recently estimated that electricity demand for AI data centers could exceed supply in just two years without action. An Amazon data center in Oregon.
Persons: , It's, David Cahn, Marc Wulfraat, MWPVL, we've, Bernstein, Amazon's, Matt Garman, JOSH EDELSON, Garman, Manuel Pineda, Pineda, Owens Corning Organizations: Service, Sequoia Capital, Energy, Amazon, Boston Consulting Group, Bernstein Research, Business, Web, San Francisco 49ers, BI, AWS, Uptime Institute, Center, Survey Locations: AMER, Americas, Oregon , Ohio, Northern Virginia, Amazon's Portland, Arizona, Indiana, Pennsylvania, Silicon Valley, Santa Clara , California, Santa Clara, Levi's, City, Santa, Oregon
Investors should look beyond the so-called "Magnificent Seven" and identify "country winners" in tech outside the U.S., according to one hedge fund manager. Beeneet Kothari, CEO and principal portfolio manager at the U.S.-headquartered hedge fund Tekne Capital Management, said there are global tech stocks that also make good investments right now. "Our view is that there is a Magnificent Seven set of companies in each of the major economies in the world [which] you can buy for a fraction of the value," he told CNBC Pro earlier this month. The Magnificent Seven stocks — Alphabet , Amazon , Apple , Meta Platforms , Microsoft , Nvidia and Tesla — have dominated investor interest in tech over recent years. Kaspi Among the stocks Kothari is betting on is the Kazakhstan-headquartered fintech Kaspi .
Persons: Beeneet Kothari, Kothari Organizations: Capital Management, CNBC Pro, Apple, Microsoft, Nvidia, Tesla, Kazakhstan Stock Exchange, American Locations: U.S, Kazakhstan, Silicon Valley
We've tested several for our guide to the best espresso machines, and the Jura Z10 ranks as the best super-automatic espresso machine. The Jura Z10 stands alone in the sea of sub-par automatic espresso machines on the market — though not without a few shortcomings of its own. Read on for our thoughts on the Jura Z10 espresso machine. Owen Burke/Business InsiderIn the end, no fully automatic espresso machine we've tried competes with a quality semi-automatic machine and a perfectly dialed burr grinder. But if convenience is your primary concern and you have the budget for it, the Jura Z10 is the best automatic espresso machine on the market.
Persons: We've, Owen Burke, sudsy microfoam, Lily Alig, Alig, it's, Dylan Ettinger, burr Organizations: Business, Jura Z10, Z10, Amazon, Williams, Espresso Locations: Switzerland, Jura, Siri
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