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☆ Dell's AI business is booming, but shares plunged after it cut its revenue outlook
▼ + stars: | 2024-11-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Revenues jumped 34% in Dell's ISG division, which includes the company's AI operations. But a lower-than-expected fourth quarter outlook drove Dell's shares down 12% in premarket trading. The biggest success story came from Dell's Infrastructure Solutions Group, which includes sales of AI servers, storage, and other network capabilities. Despite Dell's strong positioning in AI-related technologies, the company's shares were down as much as 12% in premarket trading after its final quarter revenue outlook fell below Wall Street expectations. Dell shipped $2.9 billion in AI servers during the quarter, and the company said that customers had booked $3.6 billion of future AI server orders.

Persons: Dell, Dell's, Jeff Clarke, Elon Musk's Organizations: Dell's Infrastructure Solutions Group, Analysts, CSG, Nvidia, Elon Locations: Dell's ISG, Texas

☆ JPMorgan sees S&P 500 rising to 6,500 in 2025 thanks to AI and deregulation
▼ + stars: | 2024-11-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 will be propelled to new heights in the new year thanks to momentum in artificial intelligence, a resilient economy and the possibility of easier regulation on industries, according to JPMorgan. The labor market has also held up, with more than 100,000 jobs being added in all but one month this year. The S & P 500 is up 4.1% since the Nov. 5 vote. UBS said this week it sees the S & P 500 rising to 6,400 , while Goldman Sachs and Morgan Stanley expect an expansion to 6,500. His 4,200, the lowest in the CNBC Pro Market Strategist Survey , implies 30% downside from Tuesday's close.

Persons: Dubravko Lakos, Bujas, Donald Trump's, Toll, Goldman Sachs, Morgan Stanley Organizations: Nvidia, Federal Reserve, Microsoft, Exxon Mobil, Tesla, Toll Brothers, Citigroup, UBS, Deutsche Bank, CNBC Pro Market, Survey Locations: Tuesday's, U.S

☆ The first person on every season of 'Dancing With the Stars' to get a perfect score
▼ + stars: | 2024-11-27 | by ( Nasha Smith | ) www.businessinsider.com time to read: 1 min

AdvertisementEarning a perfect score on "Dancing With the Stars" is a big deal. Nev Schulman from MTV's "Catfish" got the first perfect score for season 29. JoJo Siwa and Chandler Kinney got the first perfect scores on their respective seasons. It's hard to earn a perfect score on "Dancing With the Stars" — but it still happens every year. Here's the first couple to earn perfect 10s across the board on each season.

Persons: Nev Schulman, JoJo Siwa, Chandler Kinney

☆ CEO says his airline's all-Airbus fleet is a 'better alternative' as rivals struggle with Boeing blues and engine issues
▼ + stars: | 2024-11-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Its CEO told Bloomberg it benefited from engine choices and an all-Airbus fleet. CEO Johan Lundgren spoke to Bloomberg TV on Wednesday as easyJet reported blockbuster earnings. Related VideoThe European budget airline reported a record-breaking summer, with pre-tax profit up by one-third since last year to £610 million ($768.35 million). Earlier this month, Wizz reported its half-year net profit was down 21.3% to 315.2 million euros ($331.4 million). Lundgren told Bloomberg TV the airline had 16 deliveries this financial year rather than the 19 it expected.

Persons: Wizz, easyJet, Johan Lundgren, Lundgren, we've, Pratt & Whitney Organizations: Bloomberg, Airbus, Boeing, Ryanair, Pratt & Whitney, Bloomberg TV, Wizz, Europe's, Alaska Airlines, Pratt &, CFM

☆ 56% of Americans say their parents never discussed money with them. How experts recommend getting the conversation started
▼ + stars: | 2024-11-27 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

As families gather for Thanksgiving this year, money is one topic that likely won't be discussed. Yet experts say it's a perfect time to start the conversation, particularly with aging parents. More than half of Americans — 56% — say their parents never discussed money with them, according to a recent Fidelity survey of 1,900 adults ages 18 and up. For the wealth they do have, most Americans say they accumulated it on their own, with 80% identifying as self-made and only 5% saying they inherited it, Fidelity found. 1 sign of successYet experts say that not having a plan in place can leave individuals and their families vulnerable when unexpected events happen.

Persons: —, David Peterson, Peterson, Warren Buffett, MaryAnne Gucciardi, Gucciardi, there's Organizations: Fidelity, Finance Locations: Cambridge , Massachusetts

☆ Trump policies could start to impact economic data in spring, summer of '25, says Moody's Zandi
▼ + stars: | 2024-11-27 | 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 EmailTrump policies could start to impact economic data in spring, summer of '25, says Moody's ZandiMark Zandi, Moody’s Analytics chief economist, and CNBC’s Steve Liesman join 'The Exchange' to discuss outlooks on the economy, expectations for the Fed, and more.

Persons: Moody's, Mark Zandi, Steve Liesman Organizations: Fed

For the past year, comparing short-term CD rates vs. long-term CD rates showed that short-term CDs had better rates overall. Even the best long-term CD rates were starting to dip under the 4% mark, going into the 3.90% APY range. For example, Synchrony Bank's best CD rate is the Synchrony 9 Month CD, which offers 4.05% APY. Long-term CD rates are still lower than short-term CD rates overall. If the risk of incurring early withdrawal penalties in a long-term CD is too much, you can open a CD ladder with a long-term CD in it to mitigate that risk.

Persons: Synchrony, we're, Jerome Powell, Donald Trump, Kit Pulliam, They’ve, Kit Organizations: Federal Reserve, America First Credit, Credit Union, Dow Credit Union, Federal, Pulliam, Business, Tax, MSN, Vanderbilt University Locations: America

☆ Why some women say learning poker is the key to career success
▼ + stars: | 2024-11-27 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Some women are building their confidence and career success at a surprising locale: a poker table. Jenny Just founded Poker Power, a company that teaches the game to women to build up their risk-taking skills. "The poker table was like every money table I had sat at," Just previously told Business Insider. Skills like capital allocation, taking risks, and learning how to strategize." "When I sat down at the poker table, I was instantaneously stereotyped," Merk previously told BI.

Persons: Jenny Just, Erin Lydon, Lydon, Maria Konnikova, I've, Konnikova, Abby Merk, Merk Organizations: US Department of Labor, Poker, Poker Power, Street

☆ Musk, Ramaswamy to discuss DOGE with GOP leaders on Capitol Hill Dec. 5
▼ + stars: | 2024-11-27 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Elon Musk and Vivek Ramaswamy will visit Capitol Hill to discuss government reform with Republican congressional leaders Dec. 5, House Speaker Mike Johnson, R-La., announced Wednesday. Johnson said the entrepreneurs will "discuss major reform ideas to achieve regulatory rescissions, administrative reductions, and cost savings" with GOP lawmakers. President-elect Donald Trump has named Musk and Ramaswamy co-chairs of a new outside advisory commission they have dubbed the Department of Government Efficiency (DOGE). Next week's planned meeting is the latest indication that Republican leaders in Congress are taking Musk and Ramaswamy seriously. Yet even the best efforts of Republican leaders in Congress may not be enough to enact many of these ideas.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Mike Johnson, Johnson, Ramaswamy, Musk, Spokespeople Organizations: SpaceX, Capitol, Republican, GOP, Department of Government Efficiency, White, Office of Management, Congress, Corporation for Public Broadcasting, Consumer Financial Protection Bureau, Tesla Locations: Brownsville , Texas, U.S

☆ Nigh: Thanksgiving meal for ten is now $58, down year over year but up 20% from five years ago.
▼ + stars: | 2024-11-27 | 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 EmailNigh: Thanksgiving meal for ten is now $58, down year over year but up 20% from five years ago. Veronica Nigh, Senior Economist at the American Farm Bureau Federation, says the cost of a Thanksgiving meal for ten is now $58, down year over year but up 20% from five years ago. Turkey prices attract customers, while fertilizer costs, which vary greatly, impact food prices. She also warns that potential tariffs on imports from Mexico and Canada could raise fertilizer and food prices.

Persons: Veronica Organizations: American Farm Bureau Federation Locations: Turkey, Mexico, Canada

The best Black Friday Spanx dealsSpanx PerfectFit Ponte Flare Pant $103.60 $148.00 Save 30% The material is a comfortable, versatile, and machine-washable Ponte fabric that's smoothing but not constricting, similar to yoga pants. View at SpanxSpanx AirEssentials Half-Zip $82.60 $118.00 Save 30% We love Spanx AirEssentals for the breathable fabric, stylish cut, and huge variety of color availability. View at SpanxSpanx Invisible Mid-Thigh Short $40.60 $58.00 Save 30% Wear these medium-compression shorts under your ensemble for a smoothing effect. View at SpanxFAQs about Spanx Black Friday saleWhen does the sale start and end? Check out our roundup of all of the best Black Friday deals .

Persons: We've, Spanx, we've, AirEssentals, Kaplan, Spanx’s, They're, ”, Sally Kaplan Organizations: Business, Spanx

☆ Why exchange-traded funds are a 'growth engine' of active management
▼ + stars: | 2024-11-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Meanwhile, active mutual funds lost money in all but one year (2021); they shed $344 billion in the first 10 months of 2024. "We see [active ETFs] as the growth engine of active management," said Bryan Armour, director of passive strategies research for North America at Morningstar. As a result, passive funds have attracted more annual investor money than active funds for the past nine years, according to Morningstar. watch nowBut, for investors who prefer active management — especially in more niche corners of the investment market — active ETFs often have a cost advantage versus active mutual funds, experts said. "They are a tiny portion of active net assets but growing rapidly at a time when active mutual funds have seen pretty significant outflows," he said.

Persons: Tang Ming Tung, Bryan Armour, it's, Morningstar, It's, Jared Woodard, Armour Organizations: Getty, Morningstar, North America, P, Bank of America Securities

☆ Get ready to pay more at Chipotle
▼ + stars: | 2024-11-27 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

Chipotle's sales rose 6% last quarter, showing resilience amid fast food price hikes. AdvertisementDespite the potential for higher menu prices, Chipotle remains a better value option for customers than similar alternatives, Rymer said, per the Journal. Inflation has not been kind to fast food prices. AdvertisementUnlike some fast food firms, whose sales have taken a tumble as customers have cut back, Chipotle has shown resilience. Chipotle did not immediately respond to a request for comment from Business Insider, made outside regular working hours.

Persons: Adam Rymer, Chipotle, Rymer, Brian Niccol, Niccol, Scott Boatwright Organizations: Wall Street Journal, Wall, Starbucks, McDonald's, KFC, Revenue, Business Locations: Chipotle, Olive

☆ EasyJet rakes in record $4.5 billion from fare add-ons as CEO slams 'unfair' penalty over practice
▼ + stars: | 2024-11-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

EasyJet on Tuesday said it made a record £3.59 billion ($4.5 billion) from charging passengers for flight add-ons such as extra baggage in the full year to October, as the budget airline's CEO criticized a recent Spanish fine over the practice. Many airlines have stripped back what they include in their flight fares in recent years, instead relying on cashing in more from individual add-ons, as competition to offer ultra-low cost base fares intensifies. "We completely disagree with that, we think it goes completely against European law and European law's going to trump that," easyJet CEO Johan Lundgren told CNBC's "Squawk Box Europe" on Tuesday. "It's a highly unfair idea that you should not be able to offer products and services targeted for those people who want to use that. Spain's Association of Airlines (ALA), Ryanair, Norwegian and easyJet last week all criticized the fines and said they would dispute them.

Persons: Spain's, EasyJet, Johan Lundgren, CNBC's, easyJet Organizations: Spain's Ministry of Consumer Rights, Ryanair, Spain's Association of Airlines, ALA

☆ In an F-35 funding fight, Musk will need to win over a skeptical Congress and Trump
▼ + stars: | 2024-11-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

AdvertisementElon Musk sharply criticized the F-35 stealth jet and its builder, Lockheed Martin. Musk could target the expensive program as part of his efforts to cut federal spending under Trump. Congress has historically valued the stealth fighter flown by three military branches despite its problems. His comments suggest he could be eyeing the $2 trillion F-35 program, and possibly other fighter jets, for potential spending cuts. In fact, the House's defense spending bill for the 2025 fiscal year called for more F-35s than what the Pentagon initially requested.

Persons: Lockheed Martin, Donald Trump, Elon, Musk, Trump, Elon Musk, ANGELA WEISS, Samuel King Jr, President Trump, Clawson, Michael Bohnert, Bohnert, Cmdr, Darin Russell, Stacy Pettyjohn Organizations: Elon, Trump . Congress, Pentagon, Congress, Getty, Trump, Department of Government, Department of Defense, Lockheed, US Air Force, Navy, Air Force, Marine Corps, RAND Corporation, US Navy, Defense, Center, New, New American Security Locations: New American

☆ Supreme Court’s transgender care fight creates conservative ‘reckoning’ over parental rights
▼ + stars: | 2024-11-27 | by ( John Fritze | ) edition.cnn.com time to read: +7 min

But the Supreme Court’s upcoming and potentially explosive transgender care case is dividing conservatives, with many of those same groups backing Tennessee’s ban on puberty blockers and hormone treatments, which critics say injects the state into family medical decisions and overrides parental rights. Tennessee, and many conservatives who support the state’s position, argues parental rights aren’t a factor in the case. Conservative groups have lined up in federal courts to make nearly identical parental rights arguments in other cases. That separate lawsuit specifically asked whether the state law violates the “fundamental right of parents” to make decisions about the medical care of their children. In allowing the Tennessee ban to take effect last year, a divided 6th US Circuit Court of Appeals brushed aside the parental rights arguments.

Persons: ’, Biden, ’ ”, Barbara Comstock, ”, Donald Trump, craziness ”, Nancy Mace, “ dooms ”, Tennessee –, “, Alex Lundry, Mitt Romney’s, Sen, John McCain, Brian Burgess, Goodwin Procter, Steven Calabresi, William Eskridge, ” Eskridge, It’s, ” Melissa Moschella, “ It’s, ” Moschella, Mike DeWine Organizations: CNN, Conservative, Virginia Rep, Trump Republican, South Carolina Rep, Capitol, Supreme, GOP, Republicans, Republican Party, Republican, Republican National Committee, Northwestern University . Yale, University of Notre Dame, Federalist Society, ”, ” Ohio Gov, Ohio’s Republican Locations: Tennessee, . Tennessee, Wisconsin, Iowa , Kentucky, Missouri, ”, America, ” Ohio

And, thankfully, you can get steep discounts on a ton of the brand's gear with the Black Friday deals Nike is offering. The best Black Friday Nike sneakers dealsSneakers are the primary category on sale during Nike's Black Friday sale. You'll find popular models like the Nike Air Max 90, Nike Dunk, and Air Jordan 1 marked down with deep discounts. Nike Air Jordan 1 Mid $81.97 $125.00 Save 34% It’s hard to think of a more legendary sneaker than Air Jordans. View at NikeThe best Black Friday Nike clothing dealsNike Sportswear is arguably just as popular as its sneakers.

Persons: You'll Organizations: Business, Air Force, Nike, Friday, Nike's, Nike Air Max, Air, Nike Air Jordan, Jordans, Nike Nike, Nike Club Fleece, Nike Black Locations: hoodies, Olive

AdvertisementTrump's new DOGE commission, tasked with cutting spending, has floated laying off federal workers. Government employees told BI they're preparing by networking and freshening their resumes. President Bill Clinton also attempted to reduce federal spending and improve government efficiency with the National Performance Review, led by federal employees. Clinton's panel similarly succeeded in cutting 300,000 federal workers but only managed to get a quarter of proposals that required legislative action through Congress. One senior official at the Commerce Department told BI they anticipate a civil servant brain drain.

Persons: Donald Trump's, Jesus Soriano, who's, Elon Musk, Vivek Ramaswamy, Ramaswamy, Trump's, Brian Hughes, Vance, Soriano, he's, Ronald Reagan, Grace, Bill Clinton, Joyce Howell, —, it's, we're, lifer, Sheria Smith, I'd, Smith Organizations: of Government Efficiency, Business, of Health, Human Services, National Science Foundation, agency's American Federation of Government Employees, GOP, SpaceX, Roivant Sciences, DOGE, of Housing, Urban Development, Veterans Affairs, Homeland Security, Management, Street, Trump, America, Grace Commission, US Postal Service, Postal Service, Environmental Protection Agency, Food and Drug Administration, FDA, of Labor Statistics, Commerce Department, BI, Department of Education, Education Department, aaltcheck Locations: America

☆ A dietitian explains the power of a 5-minute walk after a big meal
▼ + stars: | 2024-11-27 | by ( ) www.businessinsider.com time to read: +2 min

AdvertisementGoing for a quick walk after eating really can help improve digestion and energy, a dietitian says. Walking helps to control blood sugar levels and circulates nutrients. Keeping to a healthy routine can make you more likely to maintain other healthy habits, too. Taking a short stroll after a meal can help you avoid the post-feast slump and set you up for a healthy habits during the holidays, according to a dietitian. Walking after you eat can help increase energy, improve digestion, and control blood sugar levels, said Nicholas Fischer, registered dietitian for MedStar Health.

Persons: Nicholas Fischer, Fischer, There's Organizations: MedStar Health, Research

☆ The baste is yet to come: Butterball’s tips for the perfect turkey
▼ + stars: | 2024-11-27 | 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 EmailThe baste is yet to come: Butterball’s tips for the perfect turkeyBill Nolan, Butterball Turkey Talk-Line, joins ‘Squawk Box’ to discuss the company’s annual tradition of helping people with their questions for the perfect turkey.

Persons: Bill Nolan, Butterball Locations: Butterball Turkey

☆ Why the $72 billion software company Workday is psyched about DOGE
▼ + stars: | 2024-11-27 | by ( Meghan Morris | ) www.businessinsider.com time to read: +3 min

AdvertisementMusk and Ramaswamy have plans for the DOGE, and Workday sees an opportunity. Workday aims to capitalize on federal agencies' shift from on-premises to cloud systems, its CEO said. Workday, the human resources software company that workers love to hate, is embedded in more than half of Fortune 500 companies. The $72 billion company has been building up its government customer base, from Oklahoma's Tulsa County to the US Department of Energy. On Workday's Tuesday earnings call, CEO Carl Eschenbach addressed an analyst's question about how DOGE could impact Workday's business.

Persons: Ramaswamy, Elon Musk, Vivek Ramaswamy, Donald Trump, Carl Eschenbach, Eschenbach, what's, it's Organizations: DOGE, Fortune, US Department of Energy, Ramaswamy's Department, Government, Companies, Department of Energy, Defense Intelligence Agency, Corporation for Public Broadcasting Locations: Oklahoma's Tulsa County

If the IRS has questions about your tax returns or wants to perform an audit, you'll probably be asked to produce your tax records. But of course, it is absolutely not recommended that you skip tax filing or intentionally commit fraud on your tax return. Employment tax recordsBusinesses should keep employment tax records, or payroll records, for at least four years after the last completed tax filing. Tips for organizing and storing recordsThe IRS clearly outlines the guidelines around how long you should keep your tax records. When you're ready to get rid of financial documents or tax records, shredding is the best method.

Persons: you've, Tom Taulli, filers, you'll, Matthew Jenkins, Tanza, Morgan, Read Organizations: Internal Revenue Service, IRS, CFA, CFP, Noble, Finance, Morgan Stanley Wealth Management, Fidelity, BI, Elon University Locations: TheStreet

☆ Walmart is ramping up its efforts to get you to shop on your TV this holiday season
▼ + stars: | 2024-11-27 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

It's ramping up its efforts this holiday to get people to shop while watching TV. Walmart is making its biggest push yet this holiday season to get people to shop while watching TV by debuting its first feature-length movie. Walmart didn't share specific results of last year's experiment but made some key tweaks this time around:AdvertisementFirst, "Jingle Bell Love" is a feature film. Add the fact that shoppable TV doesn't always fit neatly into ad agencies' buying practices, and it's been slow to take off. Walmart"Jingle Bell Love" isn't the only way Walmart will try to get people to shop from their TVs this holiday season.

Persons: It's, Jack Cooper, Joey McIntyre, Michelle Morgan, it's, Aimee Roesler, NBCUniversal, there's, Chris Vollmer, UTA's MediaLink, Roku, we've, Roesler, Gilmore, Stuart Little Organizations: Walmart, CMT, Paramount, YouTube Locations: Walmart.com

☆ Third judge denies bail for Sean 'Diddy' Combs
▼ + stars: | 2024-11-27 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

AdvertisementCombs had hoped a Manhattan judge would approve home-detention in a rented Manhattan brownstone. Advertisement"The indictment charges Combs with serious and violent crimes," the judge wrote in an 11-page bail denial that quotes extensively from the allegations in denying bail. AdvertisementAlso weighing against bail is evidence gathered by federal prosecutors "supporting a serious risk of witness tampering," the judge wrote. AdvertisementIn September, two other judges — a magistrate judge, and Combs' previous case judge — had rejected bail out of similar concerns over violence and potential witness tampering. "Mr. Combs will not have access to a cell phone," his lawyers wrote the judge in a last-ditch plea for bail on Tuesday.

Persons: Combs, Sean, Diddy, Arun Subramanian, Cassie Ventura, —, Janice, Mr, he's Organizations: of Prisons, Metropolitan Detention, Prosecutors, of, Defense, US Locations: Manhattan, Miami, Brooklyn

☆ Patagonia's Restructuring Has Led to Employee Fallout
▼ + stars: | 2024-11-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +11 min

Patagonia's sales soared during the pandemic. A Patagonia spokesperson told BI that it uses less air freight now than it did before the pandemic. Related storiesThe Patagonia spokesperson said it had been tricky to navigate the demand for instant gratification. Adams recalled that at an event in about 2013 in Idaho, Chouinard seemed shocked at how large Patagonia's sales representatives' trucks were. Several people said the 72-hour deadline for CX employees was insufficient to make such a major life decision.

Persons: Yvon Chouinard, Chouinard, It's, Vincent Stanley, Alan Adams, Adams, Robert F, Campbell Brewer, —, Stanley, Nick Helmreich, Helmreich, who's Organizations: Patagonia, AP, Workers, Patagonia's, BI, Washington Post Locations: Patagonia, Montana , Wyoming, Alaska, California, Freeport , Maine, AP Patagonia, Idaho, Ventura , California, Reno , Nevada, Patagonia's Reno

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