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☆ Dell pays $2.3 million to settle claims that it overcharged the US Army for computers
▼ + stars: | 2024-11-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

AdvertisementDell has agreed to pay $2.3 million to settle claims that it violated the False Claims Act. Dell and reseller Iron Bow overcharged the US Army for computers over four years, the DOJ said. Dell has agreed to pay $2.3 million to resolve allegations it violated the False Claims Act in its business with the US Army. Iron Bow has agreed to pay just over $2 million to settle the claims, bringing the combined settlement to $4.3 million. Iron Bow did not respond to a request for comment from Business Insider, made outside normal working hours.

Persons: Dell, Bow, Brent Lillard, Brandon Bell, Brian M, Boynton, Prim, Escalona, Donald Trump, Elon Musk, Vivek Ramaswamy, Ramaswamy Organizations: Dell, US Army, DOJ, The, Justice, Army, Army Desktop, Mobile Computing, Government, Justice Department's Civil, Northern, Northern District of, Elon, " Department of Government, Business Locations: Texas, Bow, United States, Northern District, Northern District of Alabama

☆ Stocks making the biggest moves midday: Netflix, Alphabet, Nvidia, BJ's Wholesale Club and more
▼ + stars: | 2024-11-21 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Nvidia — Shares of the chipmaker dipped about 1% in midday trading, after gyrating earlier in the session. Analysts polled by LSEG had called for earnings of 75 cents per share on $33.16 billion in revenue. Baidu — U.S. shares of the Chinese search engine fell about 5% after Baidu's third-quarter revenue declined by 3% compared to the year-ago period . BJ's Wholesale Club — Shares moved 9% higher after the warehouse club's third-quarter adjusted earnings beat the Street's estimates. The company said it will increase its membership fee and announced plans to repurchase $1 billion shares.

Persons: LSEG, Snowflake, Sridhar Ramaswamy, Merus, Goldman Sachs, — Stocks, Michael Novogratz, MicroStrategy, Miner Mara Holdings, BJ's, PDD, — CNBC's Sean Conlon, Yun Li, Michelle Fox Organizations: Nvidia —, Nvidia, Baidu, Department of Justice, Google, Chrome, Netflix, of America, —, Galaxy Digital, Miner, BJ's Wholesale, PDD Holdings

☆ Hiring is already picking up again postelection, recruiters say
▼ + stars: | 2024-11-21 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

As any recent job-seeker can tell you, hiring has been sluggish for the better part of the year. But good news could be on its way: After many organizations seemed to pause their hiring efforts ahead of the U.S. presidential election, recruiters say they're already seeing an upswing of activity that could extend into the new year. "Now that there is a clear president-elect, we saw the hiring market, especially for the executive-level candidates, open up almost immediately," Boggs tells CNBC Make It. In the week after the election, four of her clients signed offers for new jobs. Job-seeking clients are also seeing an uptick in new roles being posted online, recruiter reach-outs and interviewing activity, she adds.

Persons: Debra Boggs, Donald Trump, Kamala Harris, Boggs Organizations: U.S, Management, CNBC

☆ Asia markets mostly poised to fall as investors assess Nvidia results, Adani charges
▼ + stars: | 2024-11-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are mostly set to fall on Thursday, with investors watching tech shares in the region after chipmaker Nvidia reported better-than-expected results. Nvidia reported a 94% year-on-year surge in revenue for the third quarter to $35.08 billion. However, that is still a consecutive slowdown from the previous three quarters, when sales rose 122%, 262%, and 265%, respectively. Net income during the quarter rose to $19.3 billion, versus $9.24 billion in the same period a year ago. All eyes are on Indian stocks related to billionaire Gautam Adani, after the chair of India's Adani Group was indicted with others in New York federal court on charges related to a massive bribery and fraud scheme.

Persons: Gautam Adani, India's Organizations: Nvidia Locations: Asia, Pacific, New York

Learn moreAs soon as November kicked off, retailers started their early deals events, and things have escalated even further as the Amazon Black Friday sale week begins today. We'll be tracking the best Amazon Black Friday deals throughout the month and gathering them here. You can also check out more of the holiday's best discounts in our roundup of the best Black Friday Walmart deals . View at AmazonCheck out our roundup of the best Black Friday TV deals here. Best Amazon Black Friday smartphoneCheck out our guide to the best Apple Black Friday deals here.

Persons: Dyson, we've, Cook Organizations: Business, Amazon, Black, Walmart, Apple, Kindle, Alexa, Kettle, Amazon Prime

☆ Eli Manning, Derek Jeter, Jimmy Fallon join TGL New York Golf Club investor group
▼ + stars: | 2024-11-21 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Tiger Woods and Rory McIlroy's new golf league, TGL, is getting some fresh star power representing the Big Apple. Cohen Private Ventures, the family office of Steve Cohen, announced on Thursday that Eli Manning, Derek Jeter, CC Sabathia, Michael Strahan, John McEnroe and Jimmy Fallon are joining the New York Golf Club's investor group as limited partners. Cohen, who also owns Major League Baseball's New York Mets, acquired the rights to the New York Golf team last September. TGL is the new primetime, high-tech golf league launched by Woods, McIlroy and Golf Channel executive Mike McCarley. Former New York Yankees star Jeter told CNBC he was drawn to the investment opportunity because it combines his passion for golf and his love of New York.

Persons: Tiger Woods, Rory McIlroy's, Steve Cohen, Eli Manning, Derek Jeter, Michael Strahan, John McEnroe, Jimmy Fallon, Cohen, Rickie Fowler, Xander Schauffele, Matt Fitzpatrick, Cameron Young, Manning, TGL, Woods, McIlroy, Mike McCarley, Stephen Curry, Shaquille O'Neal, Kevin Durant, Shohei Ohtani, Mike Trout, Josh Allen, Serena Williams, Lewis Hamilton, Jeter, NYGC Organizations: Big Apple, Cohen Private Ventures, New, FedEx, Major League Baseball's New York Mets, New York Golf, CNBC, Former New York Giants, Golf Channel, PGA Tour, ESPN, National Basketball Association, MLB, National Football League, Former New York Yankees Locations: York, Palm Beach , Florida, TGL, New York, New

☆ Nvidia shares slump 3% in premarket as quarterly revenue growth slows
▼ + stars: | 2024-11-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

POLAND - 2024/11/13: In this photo illustration, the NVIDIA company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)Nvidia shares dropped in U.S. premarket trading Thursday after the tech giant's third-quarter earnings failed to impress investors. ET, following the Wednesday release of Nvidia's quarterly results, which beat on both the top and bottom lines. Other chipmakers fell on the back of the market reaction to Nvidia's third-quarter results. The slump in Nvidia also had a knock-on effect on European semiconductor firms.

Persons: Piotr Swat, chipmakers Organizations: NVIDIA, Getty, Nvidia, Revenue, Intel, Qualcomm, Micron Technology, AMD, BE Semiconductor, STMicroelectronics, Infineon Locations: POLAND, U.S, Dutch, Asia

☆ 'Fast Money' traders talks regulatory headwinds in the Big Tech space
▼ + stars: | 2024-11-21 | 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 Email'Fast Money' traders talks regulatory headwinds in the Big Tech spaceThe 'Fast Money' traders talk recent slate of regulatory headwinds that could impact Big Tech including Amazon and Google.

Organizations: Big Tech, Amazon, Google

☆ FBI seizes websites that North Koreans allegedly used to impersonate American companies
▼ + stars: | 2024-11-21 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

SentinelOne researchers traced the front companies to a larger set of organizations based in China. One American entrepreneur told CNN that, according to the FBI, his company had unwittingly sent tens of thousands of dollars to the North Korean government. It’s not the first time that researchers have traced North Korean IT worker operations to northeast China. CNN reported in April on a North Korean computer server that contained illustrations that appeared to have been produced for US animation studios. Logs from the North Korean computer server showed multiple visits from internet connections in northeast China.

Persons: Biden, Trump, ” Tom Hegel, Hegel, Dakota Cary, It’s Organizations: CNN, FBI, North Korean, US, Court, Massachusetts, cyberattacks, White, Korean, North Locations: SentinelOne, China, Korea, American, Arizona, Pyongyang, Liaoning, North Korea, Korean, North Korean

☆ American Airlines is starting to shame passengers who try to board too early
▼ + stars: | 2024-11-21 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

AdvertisementAmerican Airlines is rolling out tech that calls out passengers who try to board before their turn. The new tech also gives staff more info on passengers' connections and boarding groups. American Airlines is cracking down on passengers who try to sneak their way into an earlier boarding group. While the crackdown may be bad news for boarding group hoppers, it's likely great news for airline workers. They even call some of these passengers "gate lice."

Persons: haven't, We've, Julie Rath Organizations: Airlines, Flyers Locations: Tucson , Arizona, Albuquerque , New Mexico, Washington, Austin , Texas, Atlanta, New York, Chicago, Los Angeles

☆ SailGP signs Rolex as first title partner of its global sailing competition
▼ + stars: | 2024-11-21 | by ( Brandon Gomez | In Brandon-Gomez | ) www.cnbc.com time to read: +1 min

SailGP has signed Rolex as the first title partner of its global sailing competition. The self-described Formula 1 of sailing has signed Rolex as the first title partner of its elite sailboat racing competition. SailGP's series of events, which kicks off its 2025 season in Dubai on Saturday, will now be known as the "Rolex SailGP Championship." "Leading into our fifth season, SailGP is celebrating a period of remarkable growth," said league CEO Russell Coutts. SailGP's global championship features a dozen national teams from the U.S., Italy, Germany and others battling in identical high-tech, high-speed 50-foot foiling catamarans.

Persons: SailGP, Russell Coutts Organizations: Rolex Locations: Dubai, Swiss, U.S, Italy, Germany

☆ AI is working for the software sector now, says Notable Capital's Jeff Richards
▼ + stars: | 2024-11-21 | 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 EmailAI is working for the software sector now, says Notable Capital's Jeff RichardsJeff Richards, Notable Capital managing partner, joins 'Closing Bell' to discuss the tech trade and the tailwinds for the software sector.

Persons: Jeff Richards Jeff Richards Organizations: Capital

☆ Elon Musk just reignited his feud with Jeff Bezos
▼ + stars: | 2024-11-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementElon Musk reignited his long-running feud with Jeff Bezos in a X post on Thursday. Musk said Bezos told people that Trump would lose and they should sell their Tesla and SpaceX stock. Elon Musk has taken aim at Jeff Bezos once more, reigniting the war of words between the world's two richest people. In a X post on Thursday, Musk said that Bezos had told people to dump their shares in his companies because Donald Trump was bound to lose the presidential election. This message about Bezos is a way to give himself an excuse to legitimately do so, by saying that 'Bezos started it.'"

Persons: Elon Musk, Jeff Bezos, Musk, Bezos, Trump, Donald Trump, ince, ould, ake Organizations: SpaceX Locations: lon, usk, ehicles,

☆ Lux Capital VC reveals what she looks for in an AI company
▼ + stars: | 2024-11-21 | 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 EmailLux Capital VC reveals what she looks for in an AI companyCNBC's Arjun Kharpal asks Grace Isford, partner at Lux Capital, about Big Tech, open vs. closed-source applications and what's next in the world of AI.

Persons: CNBC's Arjun Kharpal, Grace Isford Organizations: Lux, Lux Capital, Big Tech

☆ Google's DeepMind and YouTube built and shelved 'Orca,' a 'mind-blowing' music AI tool that hit a copyright snag
▼ + stars: | 2024-11-21 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

AdvertisementGoogle's DeepMind and YouTube previously built and shelved Orca, an AI music tool. Orca could generate music mimicking artists. Google trained it on copyrighted YouTube music videos. In November 2023, DeepMind announced a music generation AI model named Lyria, which was a pared-down version of the Orca project. AdvertisementSome employees who worked on Lyria and Orca left to found a new startup named Udio, which makes an AI music creation app.

Persons: Lizzie Widhelm, Taylor Swift, Orca, OpenAI, DeepMind, John Legend — Organizations: YouTube, Google

☆ The DOJ wants Google to sell its Chrome browser. Here are the winners and losers if that happens.
▼ + stars: | 2024-11-21 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

The Justice Department on Wednesday asked the judge in its antitrust case against Google to force the company to sell its Chrome browser. "Advertisers would find competitors for their business, rather than needing to pay a dominant search engine." When you open Chrome and type something into the search bar at the top, these words are automatically transformed into a Google Search. And when there's an option for users, Google pays partners billions of dollars to set its search engine as the default. For instance, if most people click on the third result, Google's Search engine will likely adjust and rank that result higher in the future.

Persons: Mehta's, John Kwoka, Judge Mehta, Bing, There's, Bill Gurley, Sridhar Ramaswamy, Neeva, Ramaswamy, Teiffyon Parry, Equativ, Parry, Ben Thompson, John Gruber, Lee, Anne Mulholland Organizations: DOJ, Google, Department, Wednesday, Northeastern University, Chrome, Lens, Google's, Gmail, YouTube, Bloomberg

☆ AI systems could 'turn against humans': Tech pioneer Yoshua Bengio warns of artificial intelligence risks
▼ + stars: | 2024-11-21 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +6 min

Professor Yoshua Bengio, at the One Young World Summit in Montreal, Canada, on Friday, Sept. 20, 2024Famed computer scientist Yoshua Bengio — an artificial intelligence pioneer — has warned of the nascent technology's potential negative effects on society and called for more research to mitigate its risks. Machines could soon have most of the cognitive abilities of humans, he said — artificial general intelligence (AGI) is a type of AI technology that aims to equal or better human intellect. Yoshua Bengio Head of the Montreal Institute for Learning AlgorithmsSuch outcomes are possible within decades, he said. There are arguments to suggest that the way AI machines are currently being trained "would lead to systems that turn against humans," Bengio said. Yoshua Bengio Head of the Montreal Institute for Learning AlgorithmsCompanies developing AI must also be liable for their actions, according to the computer scientist.

Persons: Yoshua Bengio, —, Bengio, CNBC's Tania Bryer, That's, we're, OpenAIhas, It’s, Yoshua, — that's, OpenAI Organizations: Young, Summit, University of Montreal, Montreal Institute, Machines, Intelligence, CNBC, Learning Locations: Montreal, Canada, AGI, U.S, Rwanda, Swiss

☆ I paid $160 to get a French manicure in Paris. The technique wasn't unique, but the long-lasting results impressed me.
▼ + stars: | 2024-11-21 | by ( Gia Yetikyel | ) www.businessinsider.com time to read: +1 min

Gia YetikyelBefore getting into the review, I must admit to committing multiple nail offensives before and during this appointment. Usually, salons offer a grace period for tardiness, but I wasn't sure what timeframe applied to this salon. I arrived with "Je suis désolé" ("I'm sorry") bubbling up my throat and explained, in English, how the traffic delayed me. The second sin was not booking a nail removal with my appointment. Not booking the appropriate services can throw off a nail tech's entire schedule and create delays for future appointments.

Persons: Gia Yetikyel, Maëlle

☆ DOJ asks judge to force Google to sell Chrome as remedy in landmark antitrust case
▼ + stars: | 2024-11-21 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

On Wednesday, DOJ officials in the antitrust division filed their proposal for remedies in the case. The DOJ wants Judge Mehta to force Google to sell its Chrome browser. Officials from the Department of Justice, in a Wednesday filing, urged District Judge Amit Mehta to force Google to sell its Chrome browser. AdvertisementMehta will consider the DOJ's proposal before he makes a final ruling regarding remedies in this case. "But if Google is able to control the company that buys Chrome, the impact of selling the business would be minimal.

Persons: Amit Mehta, Judge Mehta, Mehta, Lee, Anne Mulholland, Eric Chaffee, it's, Peter Cohan, Neil Chilson, Chilson, Joe Biden's, Donald Trump, Trump, Biden, Cohan, Chafee Organizations: Google, DOJ, Department of Justice, Apple, Business, Bloomberg, Case Western Reserve University, Babson College, FTC, Chrome, Case

☆ Opinion | How Hostility to Immigrants Will Hurt America’s Tech Sector
▼ + stars: | 2024-11-21 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

Will business prosper under a second Donald Trump presidency? Trump’s obsessions with tariffs and immigration go way back, and he probably won’t respond well if people ridicule him for not delivering on his signature policy ideas. If he does not moderate his policies, the damage will be considerable — bigger than even pessimists realize. Hostility to immigrants won’t just create labor shortages for many grueling manual jobs that native-born Americans are reluctant to do. As you may know, Trump has declared his intention to declare a national emergency and deploy the military to help round up huge numbers of undocumented immigrants, initially placing them in what Stephen Miller, one of his top immigration advisers, has called “vast holding facilities.”

Persons: Donald Trump, won’t, Trump, Stephen Miller

☆ Here's what analysts are saying about Nvidia earnings
▼ + stars: | 2024-11-21 | by ( Meghan Morris | Chris Johnston | ) www.businessinsider.com time to read: +4 min

CEO Jensen Huang said more Blackwell chips will be delivered this quarter than previously estimated. Nvidia delivered another strong set of quarterly results on Wednesday, sparking positive initial reactions among the company's analysts. Nvidia observers were keeping a close eye on any mention of Blackwell chips, the popular next-generation chips in high demand. Nvidia will deliver more Blackwell chips this quarter than previously estimated, Huang said, and demand exceeds supply as expected. AdvertisementHSBC analysts wrote in a note that they expect "significant" earnings upside for the 2026 financial year despite gross margin pressure.

Persons: Jensen Huang, Blackwell, Trump, aren't, Robert Lea, Huang, Dan Ives, AI Jensen, Konstantin Oldenburger, Stephen Yiu Organizations: Nvidia, Bloomberg Intelligence, Wedbush Global Tech Team, CMC Markets, Deutsche Bank, HSBC, Bloomberg Locations: Asia

☆ Baidu posts 3% drop in third-quarter revenues, beating market expectations
▼ + stars: | 2024-11-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth. Baidu noted a 12% surge in its non-online marketing revenue to the equivalent of $1.1 billion, mainly driven by its artificial intelligence cloud business. Beijing-based Baidu operates one of the major web browser search engines in China, along with a frequently used maps app. Baidu has promoted its Ernie chatbot as a local alternative to OpenAI's ChatGPT, which isn't available in China. "AI Cloud continued to show healthy and sustainable development in the third quarter," he said in the earnings release.

Persons: Robin Li, Ernie, Baidu, Ernie chatbot, Li, Baidu hasn't, Rong Luo, Apollo Organizations: Baidu, CNBC Locations: BEIJING, U.S, Beijing, China

☆ Jim Cramer's big takeaway from the market reaction to Nvidia's earnings beat
▼ + stars: | 2024-11-21 | by ( Kevin Stankiewicz | ) 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. Nvidia's "biggest problem is allocation," Jim Cramer said, referring to the supply crunch for its next-gen Blackwell chips. 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, Blackwell, Jim, there's, Deere, There's, Stocks, Jim Cramer's, PANW, DOV Organizations: CNBC, Dow Jones, Nasdaq, Nvidia, Club, Deere, Palo Alto Networks, Palo, Blackwell, Electrical, Eaton, BJ's Wholesale Locations: Palo Alto, Dover

☆ We are at the end of an era of SaaS as we know it, says Futurum’s Daniel Newman
▼ + stars: | 2024-11-21 | 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 EmailWe are at the end of an era of SaaS as we know it, says Futurum’s Daniel NewmanCNBC’s Kristina Partsinevelos and Futurum’s Daniel Newman, joins 'Power Lunch' to discuss what’s next for tech and Nvidia.

Persons: Futurum’s Daniel Newman CNBC’s Kristina Partsinevelos, Futurum’s Daniel Newman, what’s Organizations: Nvidia

☆ CNBC TechCheck Evening Edition: November 21, 2024
▼ + stars: | 2024-11-21 | 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 21, 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

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