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With Wall Street laser focused on cloud computing this week, Google outpaced its rivals in growth, a key sign for investors that the internet company is gaining traction in artificial intelligence. Amazon Web Services, which remains the market leader, grew 19% to $27.45 billion, meaning it's more than twice the size of Google Cloud but expanding about half as quickly. Second-place Microsoft said revenue from Azure and other cloud services grew 33% from a year earlier. Five of the six trillion-dollar tech companies reported results this week, with AI chipmaker Nvidia as the outlier. Google reported a 17% cloud operating margin in the third quarter, after first turning a profit last year.
Persons: Sundar Pichai, Melissa Otto Organizations: Munich, Google, Web Services, Microsoft, Nvidia, Argus Research, CNBC Locations: Hof, Munich, Germany
For a century, student journalists at Howard University have chronicled life on the campus in Washington, D.C., including commencement addresses by seven presidents, celebrity visits and other monumental occasions. Vice President Kamala Harris will spend election night at her alma mater, one of the pre-eminent historically Black colleges in America. “As student journalists, we’ve been taught that we’re not a part of history, that we record history. Kamala Harris as a Howard University student. I’m grateful to be at Howard University at this time.”Benn said covering the election adds value to his education.
Persons: Kamala Harris, JD Jean, Jacques II, Juan Benn Jr, Jean, Jacques II “, , we’ve, we’re, ” Benn, , ’ ” Harris, Jennifer Thomas, Thomas, Percy, “ It’s, Harris, ” Thomas, Skyler Winston, Skyler Winston “, Winston, “ There’s, Jacques Organizations: Howard University, Washington , D.C, Department of Media, Howard, YouTube, White, , Alpha Kappa Alpha, National Association of Black Journalists, Democratic National Convention, Student Locations: Washington ,, America, Knoxville, Tenn, Instagram, Greenwich, Conn, Howard, Philadelphia, California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOtto: The scale of Alphabet's cloud business, and spend on AI infrastructure, will be criticalMelissa Otto of Visible Alpha, which is part of S&P Global, discusses the biggest takeaways from Alphabet's Q3 results and what to expect from Microsoft today.
Persons: Otto, Melissa Otto Organizations: P Global, Microsoft
US Air Force demo pilots perform airshow stunts derived from real-world combat training. Air Force demo pilots shared what it's like to wow audiences with skills used on the battlefield. But for Air Force demonstration pilots, these techniques aren't just crowd-pleasers. F-16 Fighting Falcon aircraft with the US Air Force Thunderbirds Air Demonstration Squadron fly in close formation. US Air Force photo/Tech.
Persons: , aren't, Tyler, Clark, Sgt, Patrick Evenson, Lockheed Martin, Jeffrey " Simmer, Downie, there's, Christopher Boitz, Samuel " RaZZ, Larson, " Larson, Greg Mathieson, Mai, Nicholas, Laz, Le, Le Tourneau, Raz, Robert Laberge, that's Organizations: US Air Force, Air Force, Service, Air, Business, Pacific, US Air Force Thunderbirds Air Demonstration Squadron, US Air National Guard, Thunderbirds, Lockheed, Thunderbird, Freedom Sentinel, North American Aerospace Defense Command, Getty Images Air Force, Air Forces, Air National Guard, Guard Locations: Huntington Beach , California, Ukraine, Afghanistan, Middle East, Alaska
WASHINGTON — Vice President Kamala Harris, the Democratic presidential nominee, plans to spend election night at her alma mater, Howard University in Washington, D.C., according to three people familiar with the planning. One source said the campaign is likely to hold its election night event in the Quad, though the exact location on campus could change. NBC News previously reported that Harris’ campaign was eyeing the university, where Harris obtained her bachelor’s degree, as a potential venue for the vice president's election night headquarters. "I recognize my time at Howard shaped me into the person I am today. She also pledged Alpha Kappa Alpha, the first historically Black sorority, at Howard in 1986.
Persons: WASHINGTON, Kamala Harris, Harris, Howard, ” Harris Organizations: Democratic, Howard University, Washington , D.C, NBC News, Howard, Alpha Kappa Alpha Locations: Washington ,
He sees gaps in the launch market for Firefly's Alpha and coming MLV rockets, which slot into the middle of the small-to-heavy class of vehicles. Firefly has three main product lines: its rockets, Alpha and MLV; space tugs, called Elytra, and lunar landers, known as Blue Ghost. More rocketsThe company's fifth Alpha launch lifts off from Vandenberg Space Force Base in California in July 2024. A rendering of the MLV rocket. Firefly AerospaceKim sees Firefly as having a key advantage — "an engine that works" — in its Reaver engines that power the Alpha rockets.
Persons: Jason Kim, Firefly Aerospace Jason Kim, he's, Elon Musk's, ULA, Jeff Bezos, Kim, he'd, I'm, … I'm, what's, Firefly's, Trevor Mahlmann, Northrop, Aerospace Kim, Miranda, We've, MLV, Firefly's Alpha, Lockheed Martin, Simone Biles, we're Organizations: Firefly Aerospace, Aerospace, Boeing, Elon, Elon Musk's SpaceX, Firefly's Alpha, CNBC, Firefly, Alpha, California's Vandenberg Space Force Base, Industrial Partners, Vandenberg Space Force, SpaceX, Lockheed, Payload Services, NASA, Blue Locations: U.S, Austin , Texas, California's, California, Northrop's, Briggs , Texas
Peter Keane-Rivera owns single-family homes that he rents by the room to maximize cash flow. He's shopping around for a third home, as his rent-by-the-room strategy has generated healthy cash flow. Advertisement"I know how to upgrade properties to make them produce at least $1,000 of positive cash flow every month," said Keane-Rivera. Renting by the room is more hands-on and not for everyone, but can create more cash flow and lower your overall risk. "You diversify your cash flow by having four tenants under one roof instead of one," said Keane-Rivera.
Persons: Peter Keane, Rivera, , " Keane, Keane, I'd, it's Organizations: Service, Business, Facebook Locations: Seattle, Roomster
Nick Cannon recently opened up about feeling insecure during his six-year marriage to Mariah Carey. AdvertisementDuring their six-year marriage, Nick Cannon said he knew what people were thinking: "The kid from Nickelodeon is with Mariah Carey?" As a child star on Nickelodeon's "All That" and its spin-off "The Nick Cannon Show," Cannon was an avowed fan of Carey, who's 11 years his senior. Cannon praised Carey for being "understanding" and "evolved," even while he was struggling with his identity and career. Cannon is far from the only man who's admitted to being jealous of his wife's financial status.
Persons: Nick Cannon, Mariah Carey, Cannon, , Ray Daniels, Carey, who's, Daniels, — she's, Singer, hasn't, She's, I'm, Mauricio Santana, Jenna Birch, outperforms, Kate Ratliff, they're Organizations: Service, Nickelodeon, VH1, Billboard, The New York Times, Def, Social Psychology, American Psychological Association, University of Florida Locations: Monroe, Sao Paulo, Brazil
Ants will do things like take dead ants out of the colony and into the refuse pile. If we take oleic acid and we put it on a live ant, the other ants will treat it like a dead ant and take it out to the refuse pile. So they’re not really understanding death. The concept of death has often been understood in very cognitively demanding ways — as somehow requiring an understanding of infinity or absence. They understood that the baby could no longer hurt them, that its nonfunctionality was irreversible.
Persons: they’re
Huang, 33, writes spicy romance novels, many featuring billionaire love interests, like Alex Volkov in "Twisted Love" or Dante Russo in "King of Wrath." Huang also said she worked with alpha readers who read portions of her novel as it was in progress and provided feedback. She told BI that alpha readers are particularly popular with self-published authors, though traditionally published writers could benefit from them, too. Huang has a "core group" of alpha readers who have been reviewing drafts of her books since mid-2021 or early 2022. "I'll also ask my editors if they know anyone who can alpha read for certain topics, and they usually do."
Persons: Ana Huang, Huang, , Ana Huang's, Alex Volkov, Dante Russo, BookTok, Asher Donovan, Asher, Vincent Dubois, Scarlett Dubois, Vincent's, I've Organizations: Service, Variety, Premier League, Bloom, Leisure, Forbes, Valhalla Locations: TikTok
Google is ranking the site higher in search results as more people look to it for answers. "People are going to Google with the intention of ending up on Reddit," Huffman said at the conference. It now presents Google search results in natural language at the top of the page. While Reddit could be seen as a potential competitor to Google Search, Google itself has prioritized Reddit in its results after recent changes to its algorithm. Google and Reddit also announced a deal in February that allows Google to train its AI models using Reddit comments.
Persons: Steve Huffman, , Huffman, Reddit, Alpha, we've, there's Organizations: Google, Service, Wall Street
Reddit is becoming the new Google
  + stars: | 2024-10-27 | by ( Kenneth Niemeyer | ) www.businessinsider.com   time to read: +4 min
AdvertisementWhile speaking at a conference this week hosted by The Wall Street Journal, a reporter said she now uses Google Search mostly to get to Reddit for information. "People are going to Google with the intention of ending up on Reddit," Huffman said at the conference. While Reddit could be seen as a potential competitor to Google Search, Google itself has prioritized Reddit in its results after recent changes to its algorithm. Google and Reddit also announced a deal in February that allows Google to train its AI models using Reddit comments. Huffman said at the conference that it still feels like Reddit is "married to Google" but that "more and more people learn that Reddit has just pretty much everything that you're looking for."
Persons: Steve Huffman, , Huffman, Reddit, Alpha, we've, there's Organizations: Google, Service, Wall Street
After a sweeping look at global trade shifts, JPMorgan strategists have concluded that some of Apple's Chinese suppliers could benefit from the trend of supply chain diversification. The Oct. 18 report looked at 10 aspects of "the great supply chain relocation and the rise of trading blocs." The analysis ranged from China's dominance in the global supply chain and overcapacity concerns, to U.S. policy. Calls for supply chain diversification picked up during the Covid-19 pandemic. "Further, they highlight names that could benefit from Apple's supply chain relocation," the report said.
Persons: Donald Trump's, Trump, Kamala Harris, Oppo, Bernstein, — CNBC's Michael Bloom Organizations: JPMorgan, Republican, Democratic, Biden, Apple, Wingtech, Luxshare Precision Industry Locations: U.S, China, India, ASEAN, Mexico, iPhones, GoerTek, Luxshare, Vietnam, Malaysia, Philippines, Shenzhen, Indonesia
Musk later deleted his X post that called the interview “very interesting” and “worth watching,” per the Independent. Musk rarely deletes his social media posts, no matter how inflammatory. Musk is the single biggest individual shareholder at Tesla, the only publicly traded business he owns. Litigation is a key part of the Musk playbook when it comes to any person or group challenging him or his businesses. Angry at advertisers for leaving his Nazi-tolerating social media site, Musk sued a nonprofit ad group out of existence.
Persons: CNN Business ’, Tweeting, ICYMI, Elon Musk, Musk, Hitler, Tucker Carlson’s, Winston Churchill, , Tesla, , Kimbal Musk, Kathaleen McCormick, MAGA, it’s, ” Dan Ives, , Grimes Organizations: CNN Business, New York CNN, Spiegel, Nazi, Independent ., Tesla, CNN, Trump, Wedbush Securities, SpaceX, NASA, Space, Boeing Locations: New York, Delaware, California
The stock is consolidating just below all-time highs and if Netflix's move after earnings is any indication, I think SPOT should punch through to new all-time highs. We're currently trading at $386, just below the all-time highs of $387 set back in 2021. The earnings trajectory for this company has been insane: 2022 EPS ($3.09) 2023 EPS ($2.95) 2024 EPS +$6.37 2025 EPS +$9.06 (est.) Netflix beat expectations and broke to new all-time highs led by new subs, 50% of which are coming from an ad tier. Meta is also in the communication sector sitting close to new all-time highs like NFLX, so the trend for this group remains firmly higher.
Persons: Todd Gordon, Gordon Organizations: Spotify, Apple, Sirius XM, Tactical Alpha, Netflix, Meta, Facebook, Inside Edge, CNBC, NBC UNIVERSAL
Huang, now a beloved BookTok author, compared self-publishing to running a small business. Self-publishing for creative controlUnlike many unknown authors, Huang didn't dream of signing with a traditional publisher when her writing career began. "I didn't start out thinking I would be traditionally published or even that I necessarily wanted to be traditionally published," Huang told BI. Advertisement"For like a year or two, all I did was just consume content about self-publishing," Huang said. Huang told BI her fans can look forward to a darker hero in her next release.
Persons: Ana Huang, Huang, , Ana Huang's, Asher Donovan, Scarlett Dubois, Forbes, — Huang, Huang didn't, Heidi Gutman, Taylor Swift, HarperCollins —, Bloom, Meghan Quinn, Grey, E.L, James, BookTok, it's, they're, that's, I'm, Asher Organizations: Service, , ABC, HarperCollins, Bloom Books, Entertainment, Facebook Locations: BookTok
Yet he isn’t all that impressed with Obama, the nation’s first Black president, nor Harris, who would be the second. “He’s only gaining support with Black men.”Democrats have been unnerved by recent polls that show Harris’ numbers sagging among Black voters, particularly young Black men. At a pair of rallies in Tucson and Las Vegas in recent days, Obama drew thousands of cheering supporters, though the turnout among young Black men appeared sparse. He came to hear Obama speak and as he stood in line for the event on campus, he said he didn’t see Obama as a figure who would be especially influential with young Black men. Trump is a white 78-year-old, but he possesses a “charisma” that some younger Black men find appealing, he added.
Persons: Kamala Harris, Charles Johnson, Johnson, Barack Obama, Obama, Harris, Donald Trump, Trump, ” Johnson, “ He’s, Black, he’ll, podcasters, Ronald Reagan, Joe Biden, David Plouffe, , , Joel Benenson, pollster, ‘ You’ve, , It’s, Henry Louis Gates Jr, he’s, Lauren Hitt, Miles Covington, hasn’t, didn’t, ” Covington, “ They’re, He’s, Stephen A . Smith, Obama isn’t, Biden, JB Pritzker, ” Pritzker, “ I’ve, Kalid Meky, Meky, Harris ’, ” “ Obama, “ I’m, Kamala Organizations: Democratic, University of Arizona, Black, Trump, Emerson College, Obama, Black Harvard University, White House, New York Times, Siena College, Harris —, Illinois Locations: TUCSON, Ariz, America, Tucson, Las Vegas, Pittsburgh, Harris, , California, Central Park
As Election Day approaches, the campaigns are putting significant time and attention toward courting Black men, seen as a crucial — and potentially movable — voting bloc in a tight presidential race. However, that number drops to 68% for Black men under 50, compared to 21% who support Trump. “It’s very important to not operate from the assumption that Black men are in anybody’s pocket,” she said during an interview with the National Association of Black Journalists in September. For Trump’s part, efforts to reach Black men voters through campaign surrogates or Trump himself have lessened in recent months. Bartell also pointed to Kevin Cooper, a Black man on death row for killing a white family, as well as marijuana convictions of Black men.
Persons: Donald Trump, Kamala Harris, Harris, Trump, , Joe Biden, Hillary Clinton’s, Barack Obama, Dana Williams, Howard University’s, Cliff Albright, , Stephen Jackson, Matt Barnes, Lil Wayne, Waka, Harris ’, ‘ She’s, ’ Pierce Hodges, Biden, Howard, Pierce Hodges, , Hodges, She’s, ” Hodges, Jimmy Hill, Jimmy Atchison, Sonya Massey, Jimmy Hill “, ” Hill, it’s, ” Harris, she’s, ” ‘, Kamala, Al Bartell, Bartell, Al, Kevin Cooper, “ I’m, ” Bartell, James Douglass, Maurissa, Douglass, ” “, “ Biden, I’m, ” Douglass, “ Obama, “ Kamala Harris, ’ Stone Ramsey, Ramsey, Black, ” Ramsey, Kamala Harris doesn’t, mispronounced Harris ’, Trump’s, Mike Tyson, Floyd Mayweather, “ Mike Tyson, Kamala Harris can’t, Patrick Oates, Patrick Oates “, Oates, ” Oates, Obama, Kevin Newell, Kevin Newell Newell, , Newell, “ she’s, ” Newell Organizations: NBC News, Trump, Howard University Initiative, Public, NBC, Howard, Initiative, Black, National Association of Black Journalists, NBA, Howard University, Alpha Kappa Alpha, Columbia University, , White, Biden, Biden —, America, Democratic, Royal Capital Group Locations: California, Black, , Atlanta, Illinois, Detroit, China, U.S, Philadelphia, Milwaukee, America,
Luxury stocks may be a risky China stimulus bet
  + stars: | 2024-10-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com   time to read: +7 min
A post-pandemic spending surge led to luxury stocks such as LVMH to reach all-time highs in early 2023, but that soon changed. We believe improved confidence and sentiment is required to reach even our flat year-over-year Chinese luxury growth forecast for 2025," Wallace noted. Luxury stocks are feeling the pressure — year to date, U.S.-traded shares of major players LVMH and Kering are down about 17% and 41%, respectively. Analysts and investors are mixed as to whether the Chinese stimulus measures can revive luxury spending growth among consumers — and whether it will create a meaningful tailwind for luxury companies. Whether the luxury sector can continue growing at the same levels without as much Chinese consumer spending remains in question.
Persons: — stoking, Ben Harburg, Morgan Stanley, Ashley Wallace, Wallace, Jean, Jacques Guiony, Moncler, Hermes, Prada, Richemont, LVMUY CFRUY, , Edouard Aubin, Sauron, Harburg, LVMH's Guiony, we've Organizations: Alpha, Bank of America, of America, Consumers Locations: China, Covid, 3Q24, U.S, LVMH
US stocks usually fall in autumn. "The amount of warning you often get between the peak happening and a pretty significant downturn is pretty limited, right? "What usually happens in an election year is, November and December are pretty bullish for stocks," Keller said. The veteran strategist also talked about what he's half-jokingly calling "Dave's election-proof portfolio" of investments. AdvertisementBelow are Keller's best ideas for either a Trump or Harris win, plus five investments that should be fine either way.
Persons: Stocks, David Keller, , hasn't, Keller, shouldn't, Harris, Whoever's, he's, Donald Trump, Kamala Harris Organizations: Service, Sierra Alpha Research, Trump
Thursday marks one year since four Pepperdine University students were struck and killed in a high-speed crash along Pacific Coast Highway. Pepperdine students, including the slain women’s sorority sisters and friends, continue to grieve their deaths while trying to honor their legacy by fixing the dangerous roadway where they were killed. It may have been a year since the deadly crash, but Pepperdine Alpha Phi sisters are still honoring the lasting impacts the four students left behind while struggling to cope with pain and grief. “Asha was so smart,” Halia Hansen, Vice President of Marketing for Alpha Phi and another close friend, said. “She would always have a smile on her face whenever I would see her.” Hannah Schendel, Pepperdine Alpha Phi President said.
Persons: Niahm Rolston, Peyton Stewert, Asha Weir, Deslyn Williams, “ I’ll, , Hannah Allen, , ” Allen, Deslyn, , Allen, Georgia Puckett, she’s, ” Puckett, birthstone, Asha, ” Asha, “ Asha, Halia Hansen, Charlie Robinson, Peyton, ” Robinson, “ I’m, I’ve, I’m, “ I’ve, ” Niahm Rolston, ” Hannah Schendel, Schendel, Niamh, ” Hansen, ” Schendel, Gavin Newsome Organizations: Pepperdine University, Authorities, Pepperdine, Pepperdine Alpha Phi, New Member Education, Alpha Phi, Marketing, Starbucks, “ Alpha Phi International Locations: Malibu
I also rounded up a list of the best hyperpigmentation products for dark skin according to their advice and suggestions, along with some of my own personal picks. | How I picked the best hyperpigmentation products for dark skin | The best hyperpigmentation products for dark skin | How to shop for hyperpigmentation products | Why trust NBC Select? How I picked the best hyperpigmentation products for dark skinUsing expert guidance, I rounded up the best hyperpigmentation products for dark skin, including recommendations from the dermatologists I consulted, NBC Select staff picks, and more. Type : Hyperpigmentation products come in a variety of formulas, many of which can be used together in order to better treat discoloration. : Hyperpigmentation products come in a variety of formulas, many of which can be used together in order to better treat discoloration.
Persons: I’ve, Michelle Henry, Hope Mitchell, Nkem, Henry, Ugonabo, Mitchell, , Hyperpigmentation, , ” Mitchell, La, Posay, Cleanser Mitchell, , Bianca Alvarez, Lindsay Schneider —, I’d, niacinamide, it’s, It’s, Mili Godio, Roche, retinoids “, Retinoids, arbutin, , Patience, TikTok Organizations: Mitchell Dermatology, Union Derm, NBC, La Roche, — NBC, Neutrogena, Facebook, Twitter Locations: Ohio, Union, NYC, La
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo evidence to show tariffs aren't passed to consumers, says Capital Alpha's James LucierJames Lucier, Capital Alpha Partners managing director, and Tobin Marcus, Wolfe Research politics and policy head, join CNBC's 'The Exchange' to discuss outlooks on former President Trump's economic proposals, what companies would benefit from higher tariffs, and more.
Persons: James Lucier James Lucier, Tobin Marcus, Wolfe, CNBC's, Trump's Organizations: Capital Alpha Partners, Wolfe Research
Part of the shift is demographic: Over the past few decades, the number of single women in America has skyrocketed. In 2023, there were 43 million single women living in the US, a 55% increase since 2000. Single women are older, more educated, and more financially independent than they were a generation earlier. In 2000, 48% of single women reported voting. And her support is growing: A recent Ipsos survey found Harris leading among single women voters by nearly 40 points.
Persons: Donald Trump, Sen, JD Vance, Jennifer Aniston, Taylor Swift, Kamala Harris, Lady, Swift, Benjamin Button, Meghan McCain, John McCain, he's, Joe Biden, Harris, Jesse Watters, Roe, Wade, Dobbs, Trump, , MeToo, Biden, Tim Walz, Jake Paul Organizations: Pew Research Center, Pew, Democratic, Fox News, Survey Center, Gallup, Social Survey, Biden, Alpha Kappa Alpha Sorority, Trump Locations: Ohio, America
Cloud startups raised $62.5 billion in Europe, Israel and the U.S. in 2023, the report found. Funding is up 65% from the $47.9 billion cloud firms raised four years ago, according to Accel. AI is eating softwareMuch of the growth of funding in cloud is being driven by excitement around AI. Globally, companies building so-called foundational models, which power much of today's generative AI tools, account for two thirds of overall funding for generative AI firms, Accel said. Big Tech's AI splurgeThe U.S. took the lead globally in terms of overall regional generative AI investment raised.
Persons: OpenAI, ChatGPT, Philippe Botteri, Botteri, Accel's, Anthropic, Elon Musk's xAI, Britain's, France's Mistral, Accel, Dev Ittycheria, Ittycheria Organizations: Accel, Venture, Microsoft, CNBC, Accel —, Nasdaq, Alpha, Google Locations: U.S, Europe, Israel, genAI
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