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☆ Sam Altman thanks Elon Musk for helping to initially bankroll OpenAI — and says now is a great time for tech founders
▼ + stars: | 2024-11-11 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

OpenAI chief Sam Altman urged would-be founders to bet on AI. Despite their current feud, Altman said he was "very grateful" for Elon Musk's early backing. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAnd despite their contentious relationship today, Altman said he was "very grateful" to Elon Musk for helping to fund OpenAI in its early days. OpenAI hit back last month, saying Musk was harassing the company for "his own competitive advantage" in the name of his rival firm, xAI.

Persons: Sam Altman, Altman, Elon Musk's, —, Y, Garry Tan, you've, Elon Musk, Musk, OpenAI, it's Organizations: Service, Business

☆ The blue wall was Kamala Harris' clearest path to the White House. Here's why it faded away.
▼ + stars: | 2024-11-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

Harris would have secured the presidency if she had won Michigan, Pennsylvania, and Wisconsin. Related VideoHere's why Harris ultimately faltered in the trio of blue wall states. Related storiesTo secure the presidency, candidates must win at least 270 Electoral College votes, and Harris won 226 to Trump's 312. AdvertisementHarris spent considerable time campaigning throughout the blue wall states, but her 107-day candidacy was a sprint. In Wisconsin, Trump won 51% of union households, compared to Harris' 49%, according to Edison Research.

Persons: Harris, Donald Trump, —, Kamala Harris, Hillary Clinton, Joe Biden, Trump, Tim Walz, ANGELA WEISS, Harris didn't, Alex Brandon Harris, Biden, Dane County, Trump's, EVELYN HOCKSTEIN, wasn't Organizations: White, GOP, Service, Democratic, House, Office, Minnesota Gov, Getty, Electoral, Michigan, Trump, Pennsylvania, AP, Edison Research, Oakland County, Republicans, Arab, Detroit, Teamsters, International Association of Fire Fighters, Democrats Locations: Michigan, Pennsylvania, Wisconsin, West Allis , Wisconsin, The Milwaukee, Wisconsin , Michigan, Oakland County, Detroit, Montgomery County , Pennsylvania, Philadelphia, Dane, Madison, Waukesha County , Wisconsin, Milwaukee, Bucks County , Pennsylvania, Saginaw County , Michigan, Gaza, Dearborn —

In his last term, Trump paused some work visa programs used by tech firms to hire skilled talent. This order left many tech workers stranded outside of the US in 2017. The H-1B visa program is the nation's largest temporary work visa program, with over 600,000 workers across 50,000 employers. Vice President-elect JD Vance has a venture capital background, and Musk is an immigrant himself who has said he was on an H1-B visa previously. Shin Yi Chong, who received her H1-B visa in 2019, was recently laid off from her tech job as a product manager.

Persons: Donald Trump's, Trump, —, Donald Trump, Michael Greeley, What's, Hiba Mona Anver, Anver, Jenny Fielding, Biden, Palo, Sophie Alcorn, Anna Rathbun, Aaron Levie, Elon Musk, Levie, Elon, Alcorn, JD Vance, Anna Moneymaker, Chris Farmer, Vance, Musk, Shin Yi Chong, Shubhangi Goel, Riddhi Kanetkar Organizations: Service, Flare Capital Partners, Trump, Ventures, Hire, Experts, Business Locations: Cleveland, It's

☆ Let's call it the YouTube election
▼ + stars: | 2024-11-09 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

And I'm very confident — based on my non-scientific poll of my teenage sons, who inhale YouTube — that those numbers are way, way bigger for young people. But what was most interesting about the election was the way the Trump campaign spent the summer embracing YouTube personalities. Edison Research says YouTube — including both regular, free YouTube and YouTube's paid YouTube Music service — is the most popular way for people to listen to (or watch) podcasts. And, unlike platforms like Instagram and TikTok — podcasters can get a meaningful share of the advertising revenue generated by their YouTube audiences. We should think about it as a podcast plus a YouTube election," he says.

Persons: Donald Trump, Joe Rogan, Rogan, he's, Trump, —, you've, Isn't Joe Rogan, YouTube's, JD Vance, Tucker Carlson, Megyn Kelly, Theo Von, Chris Balfe, Carlson, Kelly, Bari Weiss, Taylor Lorenz, Balfe Organizations: YouTube, Service, Fox News, Trump, Pew Research, Facebook, Edison Research, Fox, Red Seat Ventures, The Free, Crooked Media, Save

☆ Kenosha school district says potential school shooting thwarted by staff; teen arrested
▼ + stars: | 2024-11-08 | by ( Nbc Chicago | ) www.nbcnews.com time to read: +1 min

A suspect was taken into custody Thursday after police in Kenosha, Wisconsin, said a teenager attempted to enter an area elementary school while potentially armed. According to authorities, a person attempted to enter Roosevelt Elementary School in Kenosha “with suspicious bags.” When confronted by school staff in the entryway of the building, the person fled the school into a nearby neighborhood, officials said. The school was placed on a “secure hold” and just after 2 p.m. Thursday, authorities said a 13-year-old was arrested. Surveillance footage released by Kenosha Police on Thursday appears to show a teen suspect in the thwarted elementary school shooting. “Today we experienced something that all school staff and families fear — a potential school shooting,” Kenosha Unified School District Superintendent Dr. Jeff Weiss said at the news conference, according to NBC affiliate station TMJ4.

Persons: Patrick Patton, Jeff Weiss, ” Weiss, ” Organizations: Roosevelt Elementary School, Kenosha Police, Kenosha Police Department, Police, Kenosha Unified School, NBC Locations: Kenosha , Wisconsin, Kenosha, “

☆ Fed cuts rates again, but Trump's tariff plan sparks inflation fears and market uncertainty
▼ + stars: | 2024-11-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, the Fed cutting interest rates yesterday was never really in doubt . Additional rate cuts aren't as clear, though, as Donald Trump's proposed widespread tariffs could slow down the Fed's plans . The market is indicating inflation could lead the Fed to keep borrowing rates high. AdvertisementGreg McBride, chief financial analyst at Bankrate.com, told Insider Today that Fed Chair Jerome Powell didn't indicate a pause in cuts was coming in December during Thursday's press conference.

Persons: —, MANDEL NGAN, Chelsea Jia Feng, Donald Trump's, Paul Krugman, It's, Chip Somodevilla, Greg McBride, Jerome Powell didn't, Powell, McBride, There's, Dominique Lapointe, Lapointe, Trump, ANGELA WEISS, Morningstar, Trump's, Dave Sekera, Goldman execs, Goldman Sachs, David Solomon, Donald Trump, Jenny Chang, Rodriguez, Elon Musk, David Zaslav, Zaslav, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Getty Images, BI, Federal Reserve, Treasury, Fed, Manulife Investment Management, Morningstar, Elon, Trump, Keystone State, Big Tech's, Walmart, Target, Costco, Big Media, Warner Bros, Discovery, Paramount, Sony Locations: AFP, China, Pennsylvania, New York, London

☆ 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

☆ Binance founder Changpeng Zhao says prison inmates and guards asked him for crypto tips
▼ + stars: | 2024-11-07 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Binance founder Changpeng Zhao left prison in September. He said he wasn't recognized at first, but inmates and guards soon sought crypto tips. He told Bloomberg in his first post-prison interview about how he spent his days. Changpeng Zhao, widely known as CZ, told Bloomberg in his first interview since being released in September. He said he told inquiring inmates and prison guards: "I don't have access to any information.

Persons: Changpeng Zhao, wasn't, —, Zhao, Binance, That's, he's, Donald Trump's Organizations: Bloomberg, Service, ISIS, Giggle Academy, Zhao Locations: California —

☆ Not too worried about Trumps proposed tariffs China a negotiating ploy
▼ + stars: | 2024-11-07 | 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 EmailNot too worried about Trump's proposed tariffs on China which are likely a 'negotiating ploy'Rich Weiss of American Century Investments says the US fiscal deficit remains a real issue, and that a sweep by either U.S. parties will cause treasury yields to rise as it will cause inflation and the government debt to rise.

Persons: Rich Weiss Organizations: American Century Investments Locations: China

For many Democratic voters, Vice President Kamala Harris' loss to Donald Trump was disappointing but not surprising, they said in interviews, agreeing that their party hadn't done enough to talk about the economy and lamenting lingering racism and sexism. Voters in Dearborn, America's only Arab-majority city, broke decisively for Trump over Harris, a departure from Joe Biden’s beating Trump there in 2020. "I was really praying that she would get it," said Deborah McKinnon, 68, a Black Democratic voter from Pittsburgh. "It just underscores that Black women are the most loyal Democrats, and they were the power behind Kamala Harris' campaign," Allison said. John Park, 37, a Black Democratic voter in suburban Atlanta, said that as a warehouse worker for an automotive company, he initially liked Trump's "pro-America" approach.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Laytza Hernandez, ”, Hernandez, Sami Khaldi, Joe Biden’s, Khaldi, Biden, Luis Muza, Symone Sanders, Townsend, Sanders, “ Kamala, they're, Angela Weiss, MJay Hawkins, Hawkins, wasn’t, —, Deborah McKinnon, Hillary, Clinton, Gary Tate, Tate, Aimee Allison, Allison, George W, Bush, John Park, Trump's, Steve Harvey's, Harvey, Park, Luis Cortés, Esperanza, Harris didn't, Cortés Organizations: Democratic, NBC, Trump, Arizona State University, Biden, Howard University, Washington , D.C, Getty, —, Puerto Ricans Locations: Gaza, Dearborn , Michigan, Dearborn, America's, New York , Illinois, California, Milwaukee, Pennsylvania, Washington ,, Pittsburgh, Atlanta, America, Philadelphia

Supporters watch results come in at Howard University on Tuesday night. “You will hear from her tomorrow.”Campaign co-chair Cedric Richmond addresses the gathering at Howard University. The Howard University Gospel Choir performed “Lift Every Voice and Sing” and “Oh, Happy Day” for a worship element early in the night. Attendees at the Harris election night event at Howard University earlier in the evening. “I’m honored to be a student at Howard University at this time.

Persons: Kamala Harris, Harris, Republican Donald Trump, Brandon Bell, “, ”, Ben Eddins, Cedric Richmond, ” Richmond, Shuran Huang, Tiara Martin, Barack Obama, Martin, ” Harris, Wayne A.I, Frederick, Yolanda Robinson, Howard, Trump, specter, Jabari Robinson, Angela Weiss, I’m, ” Robinson, “ I’m, ” Renae Martin, She’s, it’s, Sandra Fields, we’re Organizations: WASHINGTON, Howard University, Republican, Howard, NBC News, Howard University Gospel Choir, NBC News University, Trump, NBC, Getty Locations: United States, Philadelphia, North Carolina, Georgia

AI regulation is likely to change under Trump, but major antitrust cases are unlikely to be impacted. While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta chief Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." AdvertisementBut still, new guidelines won't have much impact on the biggest tech companies, Hay said. Experts fear that, if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.

Persons: Donald Trump, —, Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, Rathbun, James Brundage, Ernst, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, jailing Meta, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas

☆ Republicans win back control of the Senate
▼ + stars: | 2024-11-06 | by ( Geoff Weiss | Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Republicans are projected to retake the majority in the US Senate. AdvertisementRepublicans are projected to regain control of the US Senate after winning seats in West Virginia and Ohio, according to Fox News and the Associated Press, ending four years of Democratic control. Republicans also appeared likely to win a 52nd seat in Montana, where Sen. Jon Tester trailed the GOP candidate Tim Sheehy. Despite dramatically outraising Republicans in many of this year's tightest Senate races, Democrats faced a punishing map and were primarily on defense. Democrats' best pick-up opportunity in the Senate was in Texas, where Republican Sen. Ted Cruz ultimately survived a tougher-than-expected challenge from Rep. Colin Allred.

Persons: —, Sen, Joe Manchin, Sherrod Brown, Bernie Moreno, Deb Fischer, Dan Osborn, Jon Tester, Tim Sheehy, Republican Sen, Ted Cruz, Colin Allred, Kamala Harris, Donald Trump Organizations: Service, Fox News, Associated Press, Democrats, GOP, Republican, Republicans, Senate, Democratic Locations: West Virginia, Ohio, Nebraska, Montana, Pennsylvania , Michigan, Wisconsin, Nevada, Arizona, Texas

While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta's chief, Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." Hay said that while most presidents wouldn't have any say on existing cases, "Trump is a bit more of a wild card." AdvertisementBut still, he said, new guidelines wouldn't have much impact on the biggest tech companies. There are fears that if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.

Persons: Donald Trump, —, Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, GlobalData's Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, he's, Rathbun, James Brundage, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Business, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas

☆ Company executives are speaking out on Election Day: Starbucks' Howard Schultz calls for a peaceful transition of power
▼ + stars: | 2024-11-05 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +9 min

Business leaders are speaking out on Election Day — including Starbucks founder Howard Schultz. AdvertisementElection Day has finally come, and executives at some of the biggest companies are speaking out — with former Starbucks CEO Howard Schultz urging a peaceful transition of power and Elon Musk reiterating his support for Donald Trump to the end. Major players like Musk and Blackstone CEO Stephen Schwarzman have previously endorsed former President Trump. "Once every vote is counted and certified, we must accept the results of the election and ensure the peaceful transition of power," he said. In addition to re-posting several pro-Trump messages from other X users, Musk wrote a few election-related posts of his own.

Persons: Howard Schultz, Schultz, Elon Musk, Reid Hoffman, Harris, —, Donald Trump, Stephen Schwarzman, Trump, Mark Cuban, Kamala Harris, Insider's Bryan Metzger, he's, Howard Schultz Howard Schultz, Spencer Platt, Joe Biden, Hillary Clinton, Reid Hoffman Reid Hoffman, Kimberly White, Hoffman, " Hoffman, Marc Piasecki, Musk, Joe Scarborough, Vinod Khosla Vinod Khosla, Steven Ferdman, Vinod Khosla, Kamala, Khosla, Robert F, Kennedy Jr, Cantor Fitzgerald, Howard Lutnick Howard Lutnick, ANGELA WEISS, Howard Lutnick, Lutnick, Palmer Luckey Palmer Luckey, Oculus, Patrick T, Fallon, Palmer, Luckey, Walz, Andrew Bosworth, JOSH EDELSON, Getty Andrew Bosworth, Bosworth, Eli Lilly, Lockheed Martin, General Mills, Johnson Organizations: Starbucks, Trump, Service, Blackstone, Getty, LinkedIn, Greylock Partners, Liberty, SpaceX, Elon Musk Elon, Tesla, Pennsylvania, Billionaire, Sun Microsystems, Wall Street, Philadelphia Inquirer, Financial Times, Bloomberg, Anduril Industries, Meta, Big Tech, National Association of Manufacturers, General Motors, Penske, Panasonic Locations: Jerusalem, Fortnite, AFP

☆ Barry Keoghan hits back at online trolls over ‘disgusting’ parenting comments
▼ + stars: | 2024-11-05 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Irish actor Barry Keoghan has hit back at “disgusting” online trolls who comment on his parenting, saying they “sicken” him and make him “furious.”The “Saltburn” star spoke extensively about the damaging impact of online trolling in a wide-ranging interview on “The Louis Theroux Podcast” released on Tuesday. He also spoke candidly about his acting career, his time in foster homes as a child and, briefly, his relationship with singer Sabrina Carpenter. “People kind of have a judgment on me as a parent,” said Keoghan, who shares a 2-year-old son named Brando with his ex-partner. “I’m like, well until you’ve walked a day in my shoes growing up as a kid, then you can comment… There’s a lot online. His mom passed away… touring foster homes…’ That’s not what I’m looking for.

Persons: Barry Keoghan, “, Louis Theroux, ”, Sabrina Carpenter, Keoghan, Brando, you’ve, ’, ” Keoghan, Oscar, it’s, ” Barry Keoghan, Angela Weiss, Theroux, Carpenter Organizations: CNN, Getty, coy Locations: Irish, Dublin, Ireland

☆ Four takeaways from Alex Karp's triumphant Palantir earnings call
▼ + stars: | 2024-11-05 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +5 min

Alex Karp touted Palantir's blockbuster earnings in a triumphant investor call. He said AI models are commodities — it's what you do on top of them that counts. Other Palantir execs have helped shift the focus away from Karp. AI models are commodities — it's what you do on top that counts. Palantir execs were surprised by the company's quarterly earnings.

Persons: Alex Karp, —, Karp, Palantir's, Shyam Sankar, Akash Jain —, Palantir, They're, Sankar, Jain, Ryan Taylor, Taylor, Palantir execs, he'd, Maven Organizations: Service, US Army Locations: US, Ukraine

☆ The US presidential election is 2 days away. Here's where things stand.
▼ + stars: | 2024-11-03 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

Harris and Trump are campaigning in swing states as they make their final appeals to voters. AdvertisementWith Election Day on Tuesday, the end is in sight for what has been a contentious US presidential race between Vice President Kamala Harris and former President Donald Trump. It wasn't long before Harris began to narrow the gap between the Democrats and the GOP in the presidential race. Now, millions of women live in states with near-total abortion bans, while millions of other women live in states where abortion rights have been strengthened. In the closing days of the race, Harris has heavily emphasized the issue, which also helped Democrats in the 2022 midterms.

Persons: Harris, Trump, —, Kamala Harris, Donald Trump, Joe Biden, Biden, Brandon Bell, Barack Obama, ANGELA WEISS, Roe, Wade Organizations: Service, Democratic, Democratic Party, GOP, Congressional, Getty Images, Nebraska's, Nebraska's Omaha, Sun, Biden, Trump, Getty, New York Times, Siena College Locations: Michigan, Pennsylvania, Wisconsin, Getty Images Michigan, Arizona, Georgia, Nevada, North Carolina, United States, Siena

☆ Insider Today: The world's best golf courses
▼ + stars: | 2024-11-02 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The world's best golf coursesDavid Madison/Getty ImagesDavid Weiss has spent over 30 years traveling to and writing about golf courses. Glasses we love : Affordable and easy to shop, Zenni is one of our favorite places to find customizable prescription eyewear. : Affordable and easy to shop, Zenni is one of our favorite places to find customizable prescription eyewear. We gathered 19 of our favorite places to find stylish and affordable women's work clothes, from two-piece suits to bold blouses.

Persons: —, BURCU ATALAY, Tyler Le, Julia Pugachevsky, Sports dietician Jena Brown, Julia, Brown, Tamirat Tola, Bashir Abdi, Tayshia Adams, Phoebe Robinson, Rebecca Zisser, Eva Longoria's, Eva Longoria, Valerie Macon, John Wick, Longoria, David Madison, David Weiss, he's, Chuck Zlotnick, Hulu's, podcasters, Agatha All, Kathryn Hahn, Agatha Harkness, Martha, Martha Stewart's, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen Organizations: Business, Service, New York City Marathon, Sports dietician, Getty, Point, Cabo del, Marvel Television, Netflix, Adidas Locations: Colorado, Europe, Staten Island, United States, AFP, Pebble Beach , California, Cortez, Cabo, Cabo del Sol, Mexico, New York City, New York

☆ A "Game of Thrones" movie is reportedly in the works. It comes after a year of box office hits and misses for Warner Bros. Discovery.
▼ + stars: | 2024-11-01 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Multiple outlets reported, citing unnamed sources, that a "Game of Thrones" movie is in the works. Warner Bros. Martin first suggested a "Game of Thrones" movie to tie up the franchise in a 2014 interview with The Hollywood Reporter. They grossed $1.8 million at the box office, according to Box Office Mojo. Warner Bros. PicturesA "Harry Potter" TV series reboot was announced last year after the box office failure of the "Fantastic Beasts" spin-off series.

Persons: —, aren't, George R.R, Martin, David Benioff, Weiss, Arya Stark, Maisie Williams, Bran Stark, Isaac Hempstead Wright, Sansa Stark, Sophie Turner, HBO Matthias Frey, Shawn Robbins, Robbins, Max, Frey, David Zaslav, Harry Potter, Denis Villeneuve's, Matt Reeves, " Frey Organizations: HBO, Warner Bros, Service, Hollywood, Discovery, Business, Wall Street, Department of Media, Creative Industries, City , University of London, Thrones, Office, Warner Bros ., HBO Warner Bros, Variety

☆ Wall Street remains confident on Microsoft's AI story despite weak guidance. Some say to buy the dip
▼ + stars: | 2024-10-31 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Wall Street's bullish sentiment on Microsoft hasn't faded, even after the tech giant forecast disappointing revenue growth numbers. The company's revenue increased 16% year over year in the quarter, and its net income rose 11% during the period compared to the year-ago quarter. That forecast led shares to slip nearly 4% in premarket trading, despite the company's strong earnings performance. That would be the company's fastest ever AI-related revenue growth rate. Barclays, which has one of the lowest price objectives on Wall Street, said it sees Microsoft shares being "range bound" in the short term.

Persons: Morgan Stanley —, Bernstein, Morgan Stanley, Keith Weiss, Weiss, Kirk Materne, Materne, Raimo Lenschow Organizations: Microsoft, LSEG, JPMorgan, Bank of America, Barclays, Citi, 25X, Investors Locations: Wells

☆ A Gen Z pop star kicked off Harris’ campaign. Puerto Rican musicians may bring her to the finish line
▼ + stars: | 2024-10-31 | by ( Elizabeth Wagmeister | Priscilla Alvarez | ) edition.cnn.com time to read: +10 min

Harris campaign officials had always planned for star-studded events in the homestretch of the presidential election. Harris pollster Matt Barreto, who focuses on Latino voters, argued that endorsements can help mobilize voters. Annie Mulligan/APBoth campaigns utilize the power of celebrityEver since Harris’ campaign kicked off with Charli XCX’s lime green stamp of approval, Hollywood’s influence has been in the spotlight. Both Harris and Trump swiftly pounced on the “Swiftie” fanbase, showcasing the pop superstar’s immense reach: The Harris campaign created Harris-Walz friendship bracelets inspired by the singer, while the Trump campaign released Eras Tour-inspired T-shirts. As Election Day nears, the Harris campaign is bringing in more A-listers to mobilize people to vote, including a long-anticipated appearance by Beyoncé last week.

Persons: CNN —, Nicky Jam, Donald Trump, ” Nicky Jam, Harris, Jennifer Lopez, Ricky Martin, Marc Anthony, Don Omar, “ Despacito, Luis Fonsi, Bunny, Lopez, Trump, –, Danielle Alvarez, Bunny –, Benito Antonio Martínez Ocasio –, Harris ’, “, ”, Bad Bunny, Harris pollster Matt Barreto, ” Barreto, Barreto, ” Beyoncé, Kamala Harris, Annie Mulligan, kamala, Charli, Chappell Roan, Taylor Swift’s, Walz, Beyoncé, Brett Favre, Phil McGraw, Elon Musk, Angela Weiss, Leonardo DiCaprio, Arnold Schwarzenegger, I’m, ” Schwarzenegger, Schwarzenegger, Jon Voight, Kelsey Grammer, Roseanne Barr, Jason Aldean, John Rich, Dennis Quaid, Zachary Levi, Mel Gibson, Mike Tyson, Harrison Butker, Buzz Aldrin, podcasters, Adin Ross, podcaster Joe Rogan Organizations: CNN, Las, Puerto Ricans, Trump’s New, Trump’s New York City, Puerto, Bad, Hollywood, Packers, Trump’s, Television, Madison, Getty, Republican, ”, Trump, Kansas City Chiefs Locations: Las Vegas, Trump’s New York, “ Puerto Rico, Puerto, Puerto Rican, Pennsylvania, Puerto Rico, Houston, Gen, Green Bay , Wisconsin, Trump’s, New York City, California, American, Hollywood

☆ What investors should look for as Meta, Microsoft report earnings Wednesday
▼ + stars: | 2024-10-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Another busy day of megacap technology earnings kicks off Wednesday with results from Meta Platforms and Microsoft after the bell. Wall Street expects Meta Platforms to post third-quarter earnings of $5.25 per share, up from $4.39 a year ago, per LSEG. For Microsoft, EPS and revenue are expected to reach $3.10 and $64.51 billion, respectively, for the fiscal first quarter . Meta Platforms For Meta Platforms, analysts are hunting for signs that AI is continuing to boost the company's core product and advertising spending. Microsoft Microsoft faces a tougher bar headed into the print, with many analysts leaning toward caution as the company lags some of its megacap peers and underperforms the Nasdaq Composite.

Persons: haven't, Davidson, Gil Luria, Citi's Ronald Josey, Citi's Josey, Mark Mahaney, Barton Crockett, Mark Shmulik, Bank of America's Justin Post, Keith Bachman, Citi's Tyler Radke, Morgan Stanley's Keith Weiss, Weiss, Goldman Sachs, Kash Rangan, Azure's Organizations: Meta, Microsoft, D.A, Revenue, Google, Bank of America's, Microsoft Microsoft, Nasdaq, BMO Capital Markets, BMO

☆ The business leaders that Kamala Harris could recruit for her Cabinet
▼ + stars: | 2024-10-30 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Kamala Harris has many powerful business ties to assemble a potential Cabinet. Mark Cuban and her brother-in-law, Uber's Tony West, may be out of contention. AdvertisementBillionaire business leaders and Silicon Valley elites are throwing their support behind Donald Trump and Kamala Harris in ways both loud and quiet. Additionally, Harris' brother-in-law, the Uber executive Tony West, is currently on leave to assist with the campaign, but plans to return to work after the election. AdvertisementSo what business leaders could Harris ultimately tap if she prevails in November?

Persons: Kamala Harris, Mark Cuban, Uber's Tony West, Harris, —, Donald Trump, Trump, Elon Musk, Uber, Tony West Organizations: Service, Silicon, Wall, SEC, ABC

☆ Google delivers a big earnings beat fueled by AI growth
▼ + stars: | 2024-10-29 | by ( Ana Altchek | Geoff Weiss | ) www.businessinsider.com time to read: +5 min

The company beat on revenue, EPS, its ads business, and Google Cloud revenue, which grew 35% year over year. Revenue from Google Cloud grew 35% year over year to $11.4 billion, bolstered by "accelerated growth" in the company's AI products, the company said. Here are the key numbers for the third quarter compared to analysts' estimates:AdvertisementEarnings per share : $2.12 vs. $1.83 expected: $2.12 vs. $1.83 expected Revenue : $88.27 billion vs. $86.44 billion expected: $88.27 billion vs. $86.44 billion expected Google Advertising : $65.9 billion vs. $65.5 billion: $65.9 billion vs. $65.5 billion YouTube advertising revenue : $8.92 billion vs. $8.89 billion expected: $8.92 billion vs. $8.89 billion expected Google Cloud revenue: $11.35 billion vs. $10.79 billion expectedSource for analyst expectations: BloombergAlphabet and Google CEO Sundar Pichai said the company's AI investments were "paying off." The AI results will now reach over 1 billion users on a monthly basis, he said, and ads in AI Overview are "performing well." Related stories"Today, more than a quarter of all new code at Google is generated by AI then reviewed and accepted by engineers," Pichai said.

Persons: Sundar Pichai, —, Pichai, Demis Hassabis, Evelyn Mitchell, Wolf, Mitchell Organizations: Google, Service, Google Cloud, Bloomberg, Apple, DOJ, Business

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