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☆ Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +2 min

Zomato's Blinkit, Zepto, and Swiggy, which runs the Instamart delivery service and is backed by SoftBank , did not respond to Reuters queries. India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies — Zomato's Blinkit, Swiggy and Zepto — for alleged predatory pricing, a letter showed on Sunday. "Implement protective measures for traditional distributors and small retailers to safeguard their interests," it urged the Competition Commission of India. Annual sales on Indian quick commerce platforms are set to exceed $6 billion this year, with Blinkit having a nearly 40% market share, while Swiggy and Zepto around 30% each, research firm Datum Intelligence said. Reflecting the strength of the quick commerce sector, Zomato's shares have doubled this year and Swiggy will in the coming weeks will launch its over $1 billion IPO.

Persons: Zomato's, SoftBank, —, Swiggy Organizations: India Consumer Products Distributors Federation, Nestle, Hindustan Unilever, Reuters, Competition Commission of India, Blinkit, Intelligence, Sunday Locations: India

☆ Convenient No More: Why CVS, Walgreens, 7-11 Are in Trouble
▼ + stars: | 2024-10-21 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

What's more, many pharmacies serve as a convenient destination for all sorts of essentials, from aspirin to mascara. Big chains like Walgreens and CVS make their money in two main ways: selling prescriptions in the back of their stores and selling everyday goods out front. As Walgreens and CVS stores have proliferated over the past decade or so, many of their locations are basically right on top of each other. On the other end of the business, pharmacies are expensive to run. In the current landscape of commoditized pharmacies, there's no such thing as personalized service.

Persons: What's, Elizabeth Anderson, Neil Saunders, nilly, they've, Douglas Hoey, Jason Goldberg, Waits, Duane Reade, Brian Tanquilut, I've, Goldberg, Saunders, I'm, Nick Fabrizio, Steven Anderson, Fabrizio, Emily Stewart Organizations: Walgreens, CVS, Rite, Evercore ISI, Walmart, National Community Pharmacists Association, Express, Groupe, Jefferies, MTV, Cornell University, National Association of Chain Drug, Business Locations: mascara

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Reddit, Tesla, RH, Warby Parker, UPS and more
▼ + stars: | 2024-10-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Tesla as overweight Piper says it's sticking with Tesla heading into earnings later this week. Morgan Stanley initiates BioAge Labs at overweight Morgan Stanley says the biotech company is well positioned. " Goldman Sachs upgrades Warby Parker to buy from neutral Goldman sees customer growth for the eyewear company. Morgan Stanley reiterates Home Depot as overweight Morgan Stanley raised its price target on Home Depot to $450 per share from $380. Morgan Stanley downgrades ServiceNow to equal weight from overweight Morgan Stanley said that expectations are already priced in to the stock.

Persons: John Donovan, Piper Sandler, Tesla, Piper, it's bullish, Morgan Stanley, Goldman Sachs, Warby Parker, Needham, Reddit, Gary Friedman, Jack Preston, Baird, TD Cowen, Cowen, Prologis, Goldman, Craig Felenstein, Jim Bombassei, Morgan Stanley downgrades ServiceNow Organizations: Deutsche Bank, GE Vernova, Deutsche, General Electric, BioAge, Barclays, UPS, FedEx, Dominion, Goldman, Nvidia, AMD, Mohawk Industries, JPMorgan, China EV, Catalyst, Bank of America, Fortune Locations: GitLab, NVDA, Europe, U.S, Las Vegas, China

☆ I'm a software engineer at Amazon. Here's my step-by-step guide to nailing the technical interview and breaking into tech.
▼ + stars: | 2024-10-21 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +7 min

Rahmel Bailey shares his tips for passing technical interviews in the tech industry. Nearly every software engineering or related role will require some form of technical interview, so it's critical for applicants to prepare and perform well. I've conducted many mock technical interviews and helped clients build the skills to finally break into the industry. These are my suggestions on how to nail a technical interview and land a dream tech job. AdvertisementA step-by-step guide to nailing your technical interviewMany technical interviews are about 45 minutes and include one to five coding questions.

Persons: Rahmel Bailey, —, It's, I've, you'll, it's, There's, Tess Martinelli Organizations: Service, Amazon, Big Tech Locations: Seattle, FYJump, pseudocode, tmartinelli

☆ Stocks making the biggest moves premarket: Boeing, Kenvue, Humana, Warby Parker and more
▼ + stars: | 2024-10-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Humana , Cigna – Shares of both companies moved in opposite directions after Bloomberg, citing people familiar with the matter, reported that Cigna resumed merger talks with Humana. Humana gained more than 4% while Cigna fell a similar amount. UPS – Shares fell nearly 2% after a downgrade to underweight from equal weight at Barclays. Southwest Airlines – Shares dipped more than 1% before the market open. ASML – Shares fell more than 1% after Bernstein lowered its price target on the Dutch semiconductor equipment stock.

Persons: Johnson, Warby Parker, Goldman Sachs, Goldman, Cigna, Humana, Bernstein, —, Alex Harring, Samantha Subin, Jesse Pound, Hakyung Kim, Michelle Fox Theobald Organizations: Wall Street Journal, Johnson, Boeing, Bloomberg, Humana, –, Barclays, Amazon, Southwest Airlines, Elliott Investment Management, CNBC Locations: –

☆ Nerdworld powerhouse Critical Role's 8 cofounders are taking their show on the road for a multi-city international tour
▼ + stars: | 2024-10-21 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +5 min

Critical Role is set to embark on a multi-city tour across the US and Australia in 2025. Ten years later, the crew behind "Critical Role" and the nerdworld business of the same name are taking their show on the road — for a multi-city tour. In 2023, they filled London's Wembley Arena and followed up with two other live shows in Los Angeles. "Embarking on a global journey to bring 'Critical Role' to the stage in brand new cities with our ragtag group of adventurers is nothing short of a dream," said Marisha Ray, cofounder and creative director at Critical Role. AdvertisementThe cast of Critical Role got famous playing "D&D" on Twitch, and now they're hitting the road for a multi-city tour.

Persons: —, Vox, Marisha Ray, Lavorre, CR's, Brennan Lee Mulligan, They'll, Travis Willingham, Willingham, Liam O'Brien, we've Organizations: Radio City Music Hall, Service, CR, Wembley, Chicago, Indianapolis, Gen Con, New York Comic Con, Hollywood Bowl, MGM, Garden Locations: Australia, Los Angeles, Chicago, Fishers, Indianapolis, Sydney, Melbourne, New York, New Jersey, York, Seattle, Las Vegas, South America, Singapore

☆ Diversify away from the growth concentration in the S&P 500, says value investor Bill Nygren
▼ + stars: | 2024-10-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

There are too many investors in the so-called Magnificent Seven and it's time to move away from them, according to value investor Bill Nygren. While there has been some rotation out of high-flying tech names into smaller stocks, the small-cap Russell 2000 still lags the S & P 500 for the year. "We think it's a really good time for an investor to diversify away from the concentration in the S & P 500," Nygren, Oakmark Funds chief investment officer and portfolio manager, said Monday on CNBC's " Money Movers ." Nygren highlighted automotive parts supplier Genuine Parts as a name he likes. Genuine Parts is currently at around 16 times trailing earnings, well below the S & P 500's multiple of 27.7, per FactSet.

Persons: Bill Nygren, Russell, Nygren, William Stengel, Stengel, Rob Davis Organizations: Nvidia, Meta, Oakmark Funds, Industrial Technologies, Merck

☆ Tom Brady has 7 tips for being a good teammate—how to apply them at work
▼ + stars: | 2024-10-20 | by ( Natalie Wu | ) www.cnbc.com time to read: +5 min

Tom Brady looks on prior to an NFL football game between the Baltimore Ravens and the Dallas Cowboys at AT&T Stadium on September 22, 2024 in Arlington, Texas. (Photo by Cooper Neill/Getty Images)With seven Super Bowl championship rings and a professional football career spanning more than two decades, Tom Brady knows a thing or two about being a good teammate. Good teammates should not only be cognizant and respectful of people with different goals, but Davey says they should take it a step further and appreciate colleagues with different goals. Instead, Davey says teams and good teammates should clearly communicate when 100% effort is needed and when it's acceptable to ease off. Frank feedback is importantSomething Brady says that carries over well to a workplace is the importance of giving frank feedback, Davey says.

Persons: Tom Brady, Cooper Neill, Nitin Nohria, Liane Davey, isn't, Brady, Davey, —, Frank, we've Organizations: NFL, Baltimore Ravens, Dallas Cowboys, AT, Super, Harvard, Harvard Business, Fortune, Amazon, Walmart, CNBC, Las Vegas Raiders, Patriots, Team Locations: Arlington , Texas

☆ Earnings playbook: More than 100 companies are slated to report this week, including General Motors
▼ + stars: | 2024-10-20 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

More than 70 S & P 500 names have posted their numbers, with 75% beating analyst earnings expectations. What history shows: General Motors has topped earnings estimates for eight straight quarters, Bespoke Investment Group data shows. What history shows: Coca-Cola has beaten analyst earnings expectations 73% of the time, Bespoke data shows. What history shows: Tesla has beaten earnings expectations 61% of the time, according to Bespoke. Thursday UPS is set to report earnings in the premarket, followed by a conference call at 8:30 a.m.

Persons: Michael Wayland, Mary Barra, Peter Grom, Leslie Josephs, Kelly Ortberg, TSLA, Dan Levy, Levy, Tesla Organizations: General Motors, Boeing, Netflix, CNBC, Detroit automaker, UBS, Management, Barclays, UPS, Amazon Logistics, Walmart, Citi Locations: China

Online content creators, they say, often fail to ensure the same basic standards for treating cast and crew that more traditional entertainment sets do. However, as digital productions grow, those who work with or under creators said some could benefit from the structure seen on traditional Hollywood sets. Unlike Hollywood sets, most digital productions do not necessarily rely on union workers. Some believe the digital entertainment space — which includes a wide range of productions, including reality and scripted content — would benefit from union oversight. “Because new [digital] media has got about 15 years, the unions have 100.

Persons: ” MrBeast, Jimmy Donaldson, “, Donaldson, Mair Mulroney, “ I’ve, ”, YouTuber Dhar Mann, Scott Brown, They’ve, ” NABET, Bernie Su, Su, Lizzie Bennet, Emma, YouTubers, ” Su, Mulroney, Dhar, Mann, there’s, ” Mulroney, Neal Mohan, Brown, don’t, they’re, ” Brown Organizations: Amazon Studios, Beast, Hollywood, “ Beast, In Hollywood, Screen, American Federation of Television, Radio Artists, International Alliance, MrBeast, SAG, National Association of Broadcast Employees, Technicians, Guild of Canada, YouTube, Guild of America, VidCon, Rodeo Locations: Las Vegas , Toronto, Panama, In, Toronto

☆ Kmart shoppers bid a wistful farewell to the last outpost of a once-beloved ‘mainstay’
▼ + stars: | 2024-10-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

The demise of a former trendsetterThe Bridgehampton store opened in 1999, taking the place of a former regional discount store, Caldor. When the retailer emerged from bankruptcy it still had 231 Sears and 191 Kmart stores, but those were also almost all doomed. A worker pushes a cart through the empty section in the Bridgehampton Kmart the size of a football field. Laura Oliverio/CNNSeth and Victoria Black say they will miss the Bridgehampton KMart when it closes for good this weekend. The demise of the chain, and the Bridgehampton store, brought back memories for the shoppers this week.

Persons: Shahlise Cherry, Deborah Arnone, It’s, she’d, Cherry, “, what’s, Laura Oliverio, CNN Shahlise Cherry, ”, “ We’d, Sebastian Spering Kresge, Eddie Lampert, Lampert, CNN Jessica Cohan, CNN Bridgehampton, Sarah Bullock, Bullock, CNN Seth, Victoria Black, Victoria, CNN “, Jessica Cohan, Lucas, Smoky Joe, Seth Black Organizations: NY CNN, Kmart, RadioShack, Sears, Shoppers, CNN, Walmart, Sports Authority, Borders, Long, Target, Hamptons, KMart, Victoria Black Locations: NY, America, United States, Bridgehampton , New York, retailing’s, Miami, Virgin Islands, Guam, Detroit, Long, Riverhead, ”, Smoky

☆ Elections, hurricane damage and more: Here are four factors that will shape holiday shoppers' purchases
▼ + stars: | 2024-10-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

Several hard-to-predict factors will influence consumers' spending, as they deck the halls and look for the perfect gifts. That's a more modest increase than the 3.9% year-over-year jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. Shoppers expect to spend an average of $1,778 on the holidays this year, 8% more than last holiday season, according to consulting firm Deloitte's survey. SharkNinja CEO Mark Barrocas described the election as the "biggest unknown" that will shape the holiday season. A shorter holiday season

Persons: Michael M, Stephen Rogers, Mario Tama, Rogers, Matt Shay, it's, Lance Allen, Kamala Harris, Donald Trump, Scott Olson, Mark Barrocas, It's, Jen Acerra, Ed Bastian, Evan Gold, Gold, Jack Kleinhenz, Allen, they're Organizations: Herald, Santiago, Getty, Deloitte, National Retail Federation, Shoppers, Deloitte's Consumer Industry Center, Walmart, Catering, Home Depot, Democratic, Republican, Amazon, Delta Air Lines, CNBC, Hurricane Milton, Anadolu, Planalytics, Depot Locations: New York City, Burbank , California, Traverse City , Michigan, Florida, Clearwater, Philadelphia, San Francisco, North Carolina

☆ Business Insider Subscriptions: Enjoy Premium News Stories
▼ + stars: | 2024-10-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +17 min

It isn't an accident that people who want to cancel a subscription often have to navigate a web of bureaucracy and confusion. "Actual affirmative consent from a consumer," Witte said, would establish trust between the consumer and the company, boosting loyalty. Along with litigation from the CFPB, state attorneys general have pursued legal action against big companies over hard-to-cancel subscriptions. Last year, Letitia James, New York's attorney general, sued SiriusXM over claims that the radio company trapped customers in subscriptions and maintained a complicated and burdensome cancellation process. AdvertisementIndustries have mastered techniques to maximize their profits by crafting their business models in confusing ways that can lure customers into a subscription without realizing it.

Persons: Doug Mattison, Mattison, —, he'd, I've, Florencia Marotta, Wurgler, Erin Witte, Witte, you've, TransUnion, Cuban, hadn't, it's, Rachel VonSiebenhoven, VonSiebenhoven, I'm, we've, Letitia James, SiriusXM Organizations: Federal Trade Commission, New York University, Consumer Federation of America, Consumer Financial, Bureau, Association of National, FTC, Cuban, Companies, Industries Locations: Ohio, Colorado, New

☆ Fall has become its own shopping season
▼ + stars: | 2024-10-19 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Fall has become its own sales season for major retailers. AdvertisementFall has arrived in the US — and it's not just a season, but a shopping event. Products include Glazed Pumpkin Spice donut holes and sandwich cookies shaped like jack-o-lanterns, both sold under Target's Favorite Day brand. "We know consumers are eager for their apple and pumpkin spice favorites," Gomez said. However, sales of pumpkin spice products alone totaled about $802 million in the 12 months to July 2023, according to NielsenIQ.

Persons: —, it's, Ronald Hill, Hill, Rick Gomez, Gomez, Joe's, It's, Bill Boltz, Skelly, University's Hill Organizations: Service, National Retail Federation, Retailers, Kogod School of Business, Business, Products, Aldi Locations: Aldi

☆ Prince Andrew's future is murkier than ever. But the royals may never fully cut ties.
▼ + stars: | 2024-10-19 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +7 min

Prince Andrew's "Newsnight" interview has been depicted in a new series. AdvertisementThe public may not completely forgive Prince Andrew's controversies – but the royal family might, according to royal experts. AdvertisementSchofield said the institution is unlikely to ever fully reject Prince Andrew. However, she noted that his involvement in family events could be scaled back when Prince William ascends the throne. "Prince William is incredibly intelligent and recognizes that you are only as strong as your weakest member.

Persons: Prince Andrew's, Duke, York, Jeffrey Epstein, Andrew, —, Prince, Kinsey Schofield, he'd, Andrew's, Prince Andrew, Gillian Anderson, Rufus Sewell, Billie Piper, Sam McAlister, Emily Maitlis, Ruth Wilson, Michael Sheen, Epstein, Ghislaine Maxwell, Epstein's, Virginia Roberts Giuffre, Maxwell, Maitlis, King Charles, King Charles and Prince William, Princess Beatrice, Princess Eugenie, Kristien, Sovereign Grant, Richard Fitzwilliams, Sarah Ferguson, it's, Ferguson, MailOnline, Victoria, Schofield, Prince William, King William, William, Kate, Prince Harry —, Buckingham Organizations: Service, BBC, YouTube, Netflix, Amazon, Palace, International Trade, Investment, KPMG, Standard Chartered, Cisco, BBC News, Sovereign, Telegraph Locations: Windsor, Porta

I’ve tried PC speakers, bookshelf speakers, smart speakers — some of which weren’t very smart — and I’ve tried nearly every major Bluetooth speaker on the market. What we likeThe HomePod turns your speaker into a home base for all your Apple and smart home devices. Another issue that tampered with my experience with the Apple HomePod was the lack of Bluetooth connectivity. Other products to considerThe HomePod Mini is jam-packed with many of the same features as its larger counterpart the Apple HomePod. I used my years of commerce expertise and tech coverage for this article to review Apple’s HomePod smart speaker.

Persons: I’ve, —, Siri, HomePod, Apple HomePod, It’s, TikTok Organizations: Apple, NBC, Netflix, Google, Bluetooth, Facebook, Twitter

☆ A historically Black community grapples with lasting impacts after Baltimore bridge collapse
▼ + stars: | 2024-10-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +12 min

For their working-class, historically Black neighborhood, it was a lifeline to the outside world, a source of both pride and convenience. She doesn’t want to leave Turner Station, where her grandparents put down roots many decades ago. The federal government provided nearby housing only for white workers, so Black families started their own community in nearby Turner Station. He said Turner Station residents have expressed concern about potential damage to buildings from the seismic impact of the collapse. Meanwhile, Turner Station residents will be doing what they’ve done for generations: coming together and fighting for their community.

Persons: Baltimore’s Francis Scott Key, Minor, she’s, ruefully, ”, Courtney Speed, shouldn’t, “ We’ve, Turner, Speed’s Barber, “, ” Henrietta, Johns Hopkins, Robert Curbeam, Kweisi Mfume, Calvin Hill, “ It’s, Mfume, he’s, ” Mfume, Marquis Neal, Linwood Jackson, Jackson, ” Vernon Banks, There’s Gloria Nelson, there’s, Rashad Singletary, ” Singletary, God, He’s, nodded Organizations: Turner, Black steelworkers Turner, Black steelworkers, Bethlehem Steel, Turner Station, NASA, . Rep, NAACP, NFL, Democrat, ” Residents, football, Mount, Mount Olive Baptist Church Locations: Black, Turner, Baltimore’s, Baltimore, Southern, Congress, Baltimore County, Vietnam, Bethlehem, Avondale, Mount Olive

☆ 'Joker: Folie a Deux' is this year's latest box office flop. Here's what else has disappointed
▼ + stars: | 2024-10-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +11 min

And it's not the only blockbuster-budgeted film to disappoint at the box office this year. "A combination of hits and flops are a hallmark of every box office year," said Paul Dergarabedian, senior media analyst at Comscore. But for more traditional media companies, that have long traded off their successes at the box office, shareholders still want to see a big theatrical return on investment. UniversalEstimated production budget: $80 million$80 million Global box office: $100 million$100 million Release date: Feb. 14, 2024 Sony's Spider-Man universe films have been hit-or-miss at the box office for years. However, despite solid reviews — a 90% "Fresh" rating on Rotten Tomatoes — the film failed to explode at the box office.

Persons: Joaquin Phoenix, Arthur Fleck, It's, Todd Phillips, it's, Paul Dergarabedian, Shawn Robbins, Robbins, Arthur Fleck's, Lady Gaga, Harley Quinn, Eli Roth's, Cate Blanchett, Kevin Hart, Jack Black, Jamie Lee Curtis, Ariana Greenblatt, Blanchett, — Bryce Dallas Howard, Sam Rockwell, Henry Cavill, John Cena, Samuel L, Jackson, Howard, Elly Conway, Guy, Ryan Gosling, Barbie, Emily Blunt, Oppenheimer, Colt, Jody Moreno's, Blunt, Cassandra Webb, Max, George Miller, Chris Hemsworth, Francis Ford Coppola, Cesar Catilina, Adam Driver, — Adam Driver, Dustin Hoffman, Giancarlo Esposito, Laurence Fishburne, Jon Voight, Coppola Organizations: Warner Bros, Universal, Lionsgate, Sony, Hollywood, Netflix, Apple, Arkham State Hospital, Audiences, Rotten, Fury Locations: Lionsgate's, Dua Lipa, New York City, Australia, York City, New Rome

☆ Meta layoffs are the latest sign that constant job cuts are the new Big Tech normal
▼ + stars: | 2024-10-18 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

After shedding workers in sweeping layoffs in late 2022 and early 2023, many tech companies are adopting a more methodical, department-by-department approach to making cuts. Related storiesIndeed surveyed more than 1,100 US tech workers from early to late June. Fagan said some tech workers are drawn to the flexibility that contingent or part-time roles can offer. Yet, ultimately, she said, tech is the #1 industry tech workers historically want to work in. Advertisement"It's not like they're going out and massively hiring and then doing layoffs," Fagan said.

Persons: —, Andy Welfle's, Welfle, he'd, Cruise, Zeile, Linsey Fagan, Fagan, It's, they're, " Fagan, Mark Zuckerberg, Dice's Zeile, Zuckerberg, they've, Indeed's Fagan, it's Organizations: Meta, Service, Microsoft, Reality Labs, Google, LinkedIn Locations: Silicon Valley

☆ Change the power dynamic in any room with one strategy, says communication expert—it'll make you influential at work
▼ + stars: | 2024-10-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

You have to use the strategy in moderation, and earnestly, for it to be effective, says Abrahams: "People can smell humblebrags." Think about your responsesThoughtfully responding to questions and compliments is an easy way to display humility, according to Abrahams. "When I say, 'I'm still working on my communication skills,' I'm really trying to take pressure off the other person and show that we're in this together," says Abrahams. Avoid being self-deprecating, or your colleagues will feel like you're fishing for compliments, he adds. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Matt Abrahams, Abrahams, Charlene Li, I'm, Andy Jassy, Jeff Bezos, Jassy, Bezos, you've, it's Organizations: Stanford University, CNBC, Duke University, Amazon

☆ After rejecting Google takeover, cyber firm Wiz says it will IPO 'when the stars align'
▼ + stars: | 2024-10-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company's billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public "when the stars align." Earlier this year, the company rejected a $23-billion acquisition bid from Google , which would have marked the tech giant's largest-ever takeover. At the time, Wiz CEO Assaf Rappaport said the startup was "flattered" by the offer, but would remain an independent company and aim to list instead. "We've already broken a few records as a private company, and we believe we can also break a few more records as an independent public company as well," Reznik said. Four-year-old Wiz has raised $1.9 billion in venture capital to date, including $1 billion secured this year in a funding round led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital at a valuation of $12 billion.

Persons: Wiz, Roy Reznik, Assaf Rappaport, Reznik, Andreessen Horowitz Organizations: CNBC, Amazon Web Services, Microsoft, Google, Lightspeed Venture Partners Locations: Tel Aviv, Israel, London

☆ Dropbox's CEO explains why the company adopted Jeff Bezos' 'memo-first' meeting culture from Amazon
▼ + stars: | 2024-10-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

The company uses memos in meetings, which begin with attendees reading them and leaving comments. Amazon's Jeff Bezos famously banned PowerPoints in exec meetings, instead asking for 6-page memos. AdvertisementJeff Bezos' rules for meetings at Amazon have made their way to Dropbox. Dropbox CEO Drew Houston said his company has adopted the "memo-first" meeting culture. Instead, he asks for a 6-page "narratively structured" memo, and the meeting kicks off with attendees silently reading it.

Persons: Dropbox, Amazon's Jeff Bezos, —, Jeff Bezos, Drew Houston, you've, Logan Bartlett, Houston, PowerPoints, Bezos, they've Organizations: Service, Amazon Locations: Dropbox

☆ Earnings next week will determine whether stocks still have further to run
▼ + stars: | 2024-10-18 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Earnings next week will be key to where stocks head from here. While roughly one-tenth of S & P 500 companies reported over the past week, about 20% of the broader index plans to report next week. He noted that the S & P 500 is trading at a 40% premium to its long-term P/E ratio, while tech stocks are trading at upwards of 60%. For the Dow Jones Industrial Average and S & P 500 , it's the first such streak going back to December 2023. Meanwhile, the equal-weighted S & P 500 slightly outpaced the market-cap weighted benchmark this week, a bullish signal for sectors such as health care.

Persons: Sam Stovall, Stovall, FactSet's John Butters, Butters, it's, Tesla, Lockheed Martin, Russell, Nelson Yu, Harker Organizations: U.S, CFRA Research, Dow Jones Industrial, Nasdaq, Lockheed, GE Aerospace, Business Machines, General Motors, Verizon Communications, United Parcel Services, Southwest Airlines, Nvidia, Philadelphia Reserve, Chicago, PMI, New, . Kansas City Fed Manufacturing Locations: Independence, Philadelphia, . Kansas

☆ Trade Tracker: Kevin Simpson sells Amazon covered call
▼ + stars: | 2024-10-18 | 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 EmailTrade Tracker: Kevin Simpson sells Amazon covered callKevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to explain his covered call trade on Amazon.

Persons: Kevin Simpson Organizations: Wealth Planning

At least, that's what I thought before I tried Angelus Sole Bright, a $13 solution that can get rid of oxidation and restore your sneakers to their original glory. Angelus Sole Bright Angelus Sole Bright is a UV-activated solution that removes oxidation and yellowing from sneakers. A side by side comparison of oxidized midsoles on a pair of "Roc-A-Fella" Nike Air Force 1s treated with Angelus Sole Bright. Amir Ismael/Business InsiderAdvertisementThe bottom lineSneaker collectors have been restoring shoes using a similar process for years, but I never thought it was worth doing. Now, you can spend $13 on Angelus Sole Bright, $24 on a UV light, and have it delivered within two days.

Persons: Angelus Sole, You'll, Saran, yellowed midsoles Amir Ismael, Angelus Sole Bright, Jason Markk, Amir Ismael, yellowed Organizations: Business, Nike Air Force Locations: Saran

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