DIRS.INFO The most relevant business & tech news

Search interest for "Travel Tuesday" rose more than 500% from 2021 to 2023, according to a report published by McKinsey & Company on Thursday. Searches are highest among American and Canadian consumers, but interest is also rising in Australia, the United Kingdom, Netherlands and Spain, according to McKinsey. "European travel companies can anticipate the possibility that Travel Tuesday will become a growing phenomenon in their region," McKinsey's report notes. Searches for "Cyber Monday" are far greater than "Travel Tuesday," but interest in the former is declining, it showed. "But unlike some of the impulse purchases consumers make on Black Friday, travel bookings can require more planning."

Persons: —, Kristen Jennings, Ryan Mann, Mann Organizations: McKinsey & Company, McKinsey, Google, Bawah Reserve, McKinsey's, Logistics, Infrastructure Locations: Canadian, Australia, United Kingdom, Netherlands, Spain, North America, Western Europe, Singapore, Asia, Riau

☆ The election is a big test for AI companies
▼ + stars: | 2024-11-04 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

AI companies have been adjusting their election offerings and guidelines ahead of Election Day. Perplexity launched an Election Information Hub with information on candidates, voting logistics, and results. Related VideoThe AI search engine launched a dedicated "Election Information Hub" that uses AI to provide information about the upcoming election and results tracking. While the live election updates may be helpful to users, AI-generated election content poses a number of risks. AdvertisementGoogle , which experienced some highly publicized AI fails with its Gemini AI and AI Overviews, chose to implement constraints on what users can ask its AI products about the election.

Persons: Perplexity, —, Sara Platnick, Platnick, Perplexity Alon Yamin, Yamin, OpenAI, ChatGPT, Anthropic's Claude, Anthropic, Brad Carson, it's, Carson Organizations: Google, Service, Business, Associated Press, Democracy, Reuters, Innovation

☆ Ukraine's drone teams are operating more like tech startups than military units
▼ + stars: | 2024-11-04 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Ukraine's drone units are operating more like scrappy startups than traditional military units. AdvertisementSome of Ukraine's drone units are operating more like edgy tech start-ups than military units, as they continue to play an oversized role in the country's military defenses. According to a report by The Wall Street Journal, drone pilots are now the deadliest soldiers on the modern battlefield. The Journal met with Clear Eyes, a drone battalion that started out as unpaid civilian enthusiasts relying on commercial drones to track Russian military movements. Dakhno is now a drone pilot who claims to have killed about 300 Russian soldiers in a year and a half, and to have once flown a drone with a 9-pound bomb into a school auditorium where Russian soldiers were sheltering.

Persons: —, Heorhiy Volkov, Volkov, Oleksandr Dakhno, Volodymyr Zelenskyy Organizations: Street Journal, Service, Wall Street Journal, The, Clear Locations: Ukraine, Russia, Crimea

☆ Labor strikes shut down operations at Canada's container ports from East to West Coast, with U.S. trade left in limbo
▼ + stars: | 2024-11-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

Key ports on Canada's West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. According to the Greater Vancouver Board of Trade, $800 million in trade flows through West Coast ports every day. Montreal processes 40% of all East Coast container traffic. Approximately $572 million in container trade arrives daily in the U.S. from Canada, according to U.S. Census data. A temporary loss of the Canadian West Coast trade gateway could push carriers to discharge import cargo along the already strained U.S. West Coast, said Alan Baer, CEO of OL USA, further increasing the dwell time of containers and elongating overall transits.

Persons: of Prince Rupert, Vancouver and Prince Rupert, Prince Rupert, Eric Byer, Paul Brashier, Alan Baer, Steve Lamar, Frank Morena, Steven MacKinnon Organizations: Greater, Greater Vancouver Board of Trade, Local, Port, Canadian Union of Public Employees, U.S . Department of Transportation, Alliance for Chemical, Canadian Pacific Kansas City, Canadian National Railway, Logistics, International, Warehouse Union of Canada, ITS Logistics, East, Canadian West, USA, U.S ., American Apparel and Footwear Association, British Columbia Maritime Employers Association, Federal Mediation, Conciliation Services, Canada, ILWU, U.S, Canadian Labor Locations: West Coast, Vancouver, of, Foreman, Greater Vancouver, U.S, Port of Montreal, Montreal, United States, of Vancouver, Canada, Canadian West Coast, Port, Midwest, Asia, U.S . West Coast, Los Angeles, Long Beach , California, British Columbia, American, British, East Coast

☆ Stocks to play China's shopping festival — even if consumers spend less
▼ + stars: | 2024-11-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

As China's biggest shopping festival of the year gets underway, analysts are starting to favor Chinese logistics companies as a way to play the online shopping trend. The JPMorgan report initiated coverage of U.S.-listed ZTO Express , which the analysts said is China's largest express parcel player with more than 20% of the market. ZTO YTD mountain ZTO Express shares in the U.S. in 2024. Morgan Stanley is less bullish, rating J & T equal-weight while citing competitive risks in China and potential challenges in Southeast Asia. "Cuts on overseas profitability outlook has weakened our investment thesis," the Morgan Stanley analysts said.

Persons: JD.com, Morgan Stanley, ZTO, Morgan Stanley's, Nomura, Jet Li, Li, Michael Bloom Organizations: JPMorgan, YTO Express, STO Express, Yunda, T Global Express Ltd, ZTO's, ZTO Express, J, T Global Express, HK, Nomura, Hong Kong, Hong, CNBC Locations: Hong Kong, U.S, China, Southeast Asia, T Global Express Hong Kong

☆ Japan plans automated cargo transport system to relieve shortage of drivers and cut emissions
▼ + stars: | 2024-11-03 | by ( ) www.cnbc.com time to read: +4 min

Apart from making up for a shrinking labor force and the need to reduce workloads for drivers, the system also will help cut carbon emissions, she said. The plan in Switzerland involves an underground pathway, while the one being planned in London will be a fully automated system running on low-cost linear motors. Japan's shortage of truck drivers is worsening due to laws that took effect earlier this year that limit the amount of overtime drivers can log. The domestic transport capacity stands at about 4.3 billion metric tons, almost all, or more than 91%, by trucks, according to the Japan Trucking Association. As is true in most places, truck drivers have tough jobs requiring them to be on the road for days at a time, work that most jobseekers find unappealing.

Persons: Stanislav Kogiku, it's, Yuri Endo, Endo Organizations: Getty, Japan, Ministry of Land, Transport, Japan Trucking Association, Trucking Association Locations: Shinjuku , Tokyo, Tokyo, Osaka, Infrastructure, Tourism, Japan, Switzerland, Great Britain, London, U.S, United States

☆ A US invasion of Taiwan in WWII would have been a disaster. A Chinese operation faces similar dangers.
▼ + stars: | 2024-11-03 | by ( ) www.businessinsider.com time to read: +7 min

AdvertisementThe US once planned an invasion and seizure of Taiwan that would have been as big as D-Day. The CMSI study makes clear that a US invasion of Taiwan in 1945 — or a Chinese invasion today — would be difficult and risky. The objective would be to occupy southern Taiwan and the mainland Chinese port of Xiamen across the Taiwan Strait. US troops suffered 50,000 casualties in two months of hard fighting in the Okinawa invasion. "Taiwanese military officers pay close attention to history, and especially the history of island warfare, urban warfare, and amphibious warfare," said Easton.

Persons: —, Ian Easton, Taiwan —, Adm, Ernest King, Douglas MacArthur, MacArthur's, Easton, Michael Peck Organizations: Service, China Maritime Studies Institute, Getty, US Navy, Army, Orange, Marine, US Marine Corps, Japan, Imperial, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Taiwan, Pacific, China, Beijing, Battleship, Tennessee, Okinawa, Japan, Philippines, Normandy, Xiamen, AFP, Forbes

CNN —Ukraine’s army chief has warned that his forces are facing “one of the most powerful Russian offensives” since the start of the war as Russia claimed it captured more settlements on the eastern frontline. Russia has steadily been making gains in the eastern Donbas region, which Russia’s President Vladimir Putin aims to capture in full. Vyshneve is close to Pokrovsk, a key logistics hub in the east and a major target of the Russian offensive. Meanwhile Russian drone attacks continue, with Ukraine bracing for what could be a difficult winter with energy infrastructure already badly hit. Over the past week, Russia has dropped more than 900 bombs on Ukraine, and launched about 30 missiles and nearly 500 Shahed drones in various regions of Ukraine, he added.

Persons: CNN —, Vladimir Putin, Ukraine’s, Oleksandr Syrskyi, Vyshneve, Volodymyr Zelensky, Zelensky, ” Zelensky, Genya Savilov, Kamala Harris, Biden, Donald Trump Organizations: CNN, Reuters, Getty, North, Ukraine Locations: Russia, Donetsk, Pokrovsk, Russian, Ukraine, Moscow, China, Europe, America, Lyman, AFP, Russia’s Kursk

☆ I'm a Google Cloud director who spent decades in the FBI. If you want a tech job, cybersecurity is the place to be.
▼ + stars: | 2024-11-03 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

He told BI that cybersecurity roles are in high demand and there's a shortage of talent. Cybersecurity roles are needed across all business verticals and they're here to stay, Palmore said. AdvertisementThis as-told-to essay is based on a conversation with MK Palmore, a director in Google Cloud's office of the chief information security officer. I'm a director in Google Cloud's office of the chief information security officer. As industry importance continues to rise, the availability of talent continues to be a bit of a challenge across all industries.

Persons: Palmore, —, I've, isn't, there's Organizations: FBI, CISCO, Service, Google, Palo, United States Marines Locations: Palo Alto, North America

That’s when Election Day turns into election night, and each state starts reporting its vote totals. Virginia is an example of a state that usually has a geography-driven red mirage early on election night. Another factor that can cause vote mirages is partisan differences by vote mode — mail ballots, early in-person votes, Election Day in-person votes, and so on. This will produce a vote mirage if there are partisan differences between the earliest-returned mail ballots and the later-returned ones. As Election Day votes were reported in the next few hours of election night, the size of the blue mirage shrunk to about 3.5 points.

Persons: That’s, ”, Joe Biden, Donald Trump, Biden, Donald Trump’s, Kyrsten Sinema, Trump, Ann Arbor, Clark, Clark’s Organizations: North Carolina —, Republican, Washington , D.C, Democratic, Democrat, NBC, Trump, Biden, Senate Locations: Florida, Georgia, North Carolina, Arizona , Nevada, California, Virginia, Fairfax, Washington ,, Fairfax County, Arizona, Maricopa County, Atlanta, Pennsylvania, Democratic Philadelphia, Allegheny, Philadelphia, Michigan, Detroit, Grand Rapids, Ann, Wisconsin, Milwaukee, Nevada, Las Vegas

☆ The race to sustainability: Inside Formula One's biggest challenge yet
▼ + stars: | 2024-11-02 | by ( ) www.cnbc.com time to read: +1 min

"When you think about F1, you think about speed, you think about innovation, you think about efficiency," Ellen Jones, F1's Head of ESG, told CNBC's "Inside Track." The race cars themselves make up a tiny fraction of the sport's total emissions, at just 0.7%. In 2019, F1 established its sustainability strategy, setting an ambitious target to become net zero by 2030. "The key about our net zero by 2030 commitment is it's not just F1. Watch the video above for an in-depth look at F1's race to sustainability, featuring interviews with F1 Head of ESG Ellen Jones, McLaren Racing Sustainability Director Kim Wilson, Oracle Red Bull Racing Head of Sustainability Adam Sammons, Silverstone Circuit Head of Business Sustainability Stephane Bazire and more.

Persons: Ellen Jones, CNBC's, –, It's, Jones, Kim Wilson, Sustainability Adam Sammons, Stephane Bazire Organizations: McLaren Racing, Oracle Red Bull, Sustainability, Silverstone, Business

☆ Los Angeles Dodgers parade: City prepares to celebrate franchise’s eighth World Series title
▼ + stars: | 2024-11-01 | by ( Jamie Barton | ) edition.cnn.com time to read: +12 min

#WorldSeries pic.twitter.com/FZhhp1VB29 — Los Angeles Dodgers (@Dodgers) October 31, 2024Afterwards, a ticketed event will take place at Dodger Stadium at 12:15 p.m. PDT (3:15 p.m. The legendary Dodgers pitcher died last month and was honored with a uniform patch displaying his name and number during the World Series. The Los Angeles Dodgers celebrate after they defeated the New York Yankees to win the World Series on Wednesday, October 30. Luke Hales/Getty Images Dodgers first baseman Freddie Freeman was named World Series MVP. Frank Franklin II/AP The Dodgers run onto the field after the final pitch Wednesday.

Persons: CNN — “, ”, Dave Roberts, Karen Bass, Fernando Valenzuela’s, Ashley Landis, Luke Hales, Freddie Freeman, Enrique Hernández, Sarah Stier, Frank Franklin II, Al Bello, Walker Buehler, Alex Verdugo, Buehler, Dustin Satloff, Gerrit Cole, Anthony Rizzo, Cole, Elsa, Mookie Betts, Betts, Freeman, Teoscar Hernández, Anthony Volpe, Aaron Judge, Wally Skalij, Jack Flaherty, Brad Penner, Chisholm, Mary DeCicco, Mike Lawrence, Brent Honeywell, Gleyber Torres, Volpe, Rizzo, Seth Wenig, Giancarlo Stanton, Will Smith, Daniel Shirey, Stanton, Alex Slitz, Maddie Meyer, Smith, Alex Vesia, Harry, Michael Kopech, Jayne Kamin, Yoshinobu Yamamoto, Yamamoto, Julio Cortez, Juan Soto, Tommy Edman, Rob Tringali, Carlos Rodón, — Kirk Gibson’s, Gibson, Steph Chambers, Nestor Cortes, Mark J, Terrill, Brusdar Graterol, Flaherty, Fernando Valenzuela, Valenzuela, Gina Ferazzi, Brad Paisley, ” Freeman, “, I’m Organizations: CNN, Los Angeles Dodgers, Yankee, City, ”, Dodger, Dodgers, Houston Astros, Washington Nationals, Astros, Texas Rangers, Arizona Diamondbacks, New York Yankees, AP, Getty, Yankees, New, North Dodgers, Los Angeles Times, Reuters, MLB, North, The Dodgers, USA, Sports, Ohtani, ESPN Locations: Los Angeles, New York, North America

☆ Guangdong, China: Satellite imagery shows new mystery aircraft carrier built amid breakneck naval expansion
▼ + stars: | 2024-11-01 | by ( Edward Szekeres | Brad Lendon | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —China appears to have built a new and unusual aircraft carrier, intriguing experts with a potentially first-of-its-kind vessel that could further increase Beijing’s rapidly expanding maritime power. This potential new aircraft carrier “is of a somewhat unusual shape and size – much smaller than China’s previous naval aircraft carriers,” said Thomas Shugart, a former US Navy submarine commander and now a fellow at the Center for a New American Security. Another view of the satellite imagery captured on October 23, 2024, showing a potentially new class of a Chinese aircraft carrier at a shipyard in the southeastern end of the country. Only the United States Navy operates aircraft carriers bigger than the Fujian. Conducted in the South China Sea, the exercise was “aiming to enhance the integrated combat capability of the aircraft carrier formations” and was “part of the Liaoning aircraft carrier formation’s regular real-combat training in the high seas,” Xinhua said.

Persons: ”, Thomas Shugart, Shugart, –, Beijing’s, Carl Schuster, Schuster, ” Schuster, ” Song Organizations: Hong Kong CNN, Planet Labs, Guangzhou Shipyard, US, Center, New, New American Security, Planet Labs PBC China, People’s Liberation Army Navy, PLAN, supercarriers, United States Navy, Center for Strategic, International Studies, “, PLA, Pacific Command’s Joint Intelligence, China Coast Guard, Beijing, Coast Guard, Communist Party, Xinhua, Liaoning, US Navy, Global Times Locations: Hong Kong, China, Guangdong, New American, Fujian, Shandong, Liaoning, Naval, Washington, Shanghai, Beijing, Taiwan, Matsu, South, South China, Xinhua

☆ Generative A.I. Made All My Decisions for a Week. Here's What Happened.
▼ + stars: | 2024-11-01 | by ( Kashmir Hill | Hang Do Thi Duc | ) www.nytimes.com time to read: +5 min

Decisions I would normally agonize over, like travel logistics or whether to scuttle dinner plans because my mother-in-law wants to visit, A.I. Letting your mother-in-law cook can be a great idea, especially if she enjoys it and it gives you a break. And it made good decisions, such as advising me to be nice to my mother-in-law and accept her offer to cook for us. (Generative A.I. Just as we’ve outsourced our sense of direction to mapping apps, and our ability to recall facts to search engines, this explosion of A.I.

Persons: ChatGPT, I’d, couldn’t, Taupe ”, Chive, didn’t, Ms, Jang, ”, Judith Donath, Harvard’s Berkman Klein, “, it’s, Donath Organizations: Harvard’s Berkman Klein Center, chum, The New York Times, OpenAI, Microsoft Locations: A.I, Olive, OpenAI

☆ Why Wall Street is skeptical about Comcast's proposal to ditch its cable networks and pair Peacock with a competitor
▼ + stars: | 2024-11-01 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Comcast's Mike Cavanagh said the company will explore ditching its cable networks. AdvertisementComcast said this week it might separate from its cable networks and marry off its streaming service. Mike Cavanagh, Comcast's president, floated the idea Thursday of spinning out cable networks like CNBC and MSNBC into a new firm while holding on to NBC. Several industry analysts said that Comcast could increase its valuation by divorcing itself from its declining cable networks, as it would help emphasize its burgeoning streaming business. "The cable networks likely have little value on their own.

Persons: Comcast's Mike Cavanagh, Peacock, —, Mike Cavanagh, Cavanagh, Jessica Reif Ehrlich, isn't, John Hodulik, Craig Moffett, Moffett, Insider's Peter Kafka, Michael Hodel, Tim Nollen, Rich Greenfield, Greenfield, it's, David Zaslav, WBD, NBCU, Brandon Katz, Max, Katz Organizations: Wall Street, Service, Comcast, CNBC, MSNBC, NBC, Disney, ABC, Bank of America, Warner Bros, UBS, Morningstar, Lightshed Partners, Starz, WBD's, NBA, Paramount, Max Locations: MoffettNathanson, USA

In the previous presidential election, more than 3 million Pennsylvanians requested mail-in ballots and 85% – just over 2.6 million – voted by mail. To date, more than 2 million people have requested mail-in ballots in Pennsylvania and so far, 71% – over 1.5 million – have returned them. In one transaction, voters apply for, complete and submit their mail-in ballot at a designated election site before Election Day. “A handful of people were allegedly turned away from early voting lines in Bucks County. The county responded by agreeing in court to additional days, not just hours, of early voting,” the senior official said.

Persons: Donald Trump, Trump’s, it’s, ” Jon Sherman, Trump, “ There’s, ”, Dan Mallinson, Vance, ” Vance, Harris Organizations: Pittsburgh CNN, Elections, Republicans, Republican, Penn State, Democratic Locations: Pennsylvania, Bucks County, Philadelphia, Keystone, Pennsylvania’s, Penn State Harrisburg, Allegheny County, Bucks

☆ Amazon CEO Andy Jassy says he has a secret weapon in the AI wars
▼ + stars: | 2024-11-01 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Amazon CEO Andy Jassy said AWS gives the company a leg up in the AI race. Jassy said AWS has shown that Amazon can handle the logistics for scaling AI. AdvertisementAmazon CEO Andy Jassy on Thursday explained why he thinks the company is well-positioned to excel in AI: Amazon Web Services. Jassy talked up the cloud-computing unit on Amazon's third-quarter earnings call, defending the company's aggressive investments in AI. Amazon beat Wall Street's third-quarter expectations on revenue and earnings per share, with the stock rising 6% in after-hours trading.

Persons: Andy Jassy, Jassy, —, Sundar Pichai Organizations: Service, Web Services, Amazon, Companies, AWS, Big Tech

☆ Commercial real estate is flashing signs that the worst of the distress is over, Blackstone president says
▼ + stars: | 2024-11-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The worst is behind the commercial real estate sector, according to Blackstone's Jon Gray. AdvertisementThe worst of the commercial real estate turmoil looks to be over, Blackstone president Jon Gray says. Related stories"We said in January, publicly on earnings, that we thought commercial real estate was bottoming. So they're saying to themselves, 'Real estate, oh, I got all this troubled real estate. "If you were an investor in real estate after the financial crisis, you would have made a lot of money.

Persons: Blackstone's Jon Gray, there's, Blackstone, Gray, —, Jon Gray, Goldman Sachs, we've, didn't Organizations: Service, Blackstone Locations: CRE, Europe, Asia

☆ Jim Cramer has these 3 stocks on his buy list in an oversold market
▼ + stars: | 2024-11-01 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said the potential rate cuts next week and possibly again in December provide a "bullish backdrop" for the overall market, favoring many of our stocks that benefit from lower rates. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, we're, Jim, Stocks, Jim Cramer's Organizations: CNBC, Federal Reserve, BlackRock, Web Services, Chevron, Exxon, Intel, AMD Locations: Thursday's, oversold, Europe, Ukraine

☆ Russia’s Swift March Forward in Ukraine’s East
▼ + stars: | 2024-10-31 | by ( Constant Méheut | Josh Holder | ) www.nytimes.com time to read: +11 min

Russia’s Swift March Forward in Ukraine’s EastTwo years of territorial changes in the Donbas Russia gained more territory in October than any month since July 2022 150 sq. miles Amount of territory Russia gained 100 50 0 Ukraine has made only marginal gains this year 50 Amount of territory Ukraine gained 100 Jan. April July Oct. Jan. April July Oct. 2023 2024 Amount of territory Ukraine gained Amount of territory Russia gained 100 50 0 50 100 150 sq. Amount of territory Ukraine gained Amount of territory Russia gained 100 50 0 50 100 150 sq. In August, Ukraine’s defensive lines buckled, and Russia rapidly advanced 10 miles toward Pokrovsk and closed in on Selydove from the west and north. In just the past week, Russia advanced roughly six miles north of Vuhledar — an unusually swift pace compared with previous gains.

Persons: Russia’s Swift, Jan, Vuhledar, Pasi, ”, Russia Vuhledar, Selydove Kurakhove, Marinka, Kurakhove, Pokrovsk, Paroinen, Vincent Tourret, Tourret, “, Oleksandr Lytvynenko, Chasiv Yar, Russia “, Serhii Kuzan, Chasiv, ” Mr Organizations: Ukraine, New York Times, Institute for, American, The New York Times, Bird Group, Railways, Russia, French Foundation for Strategic Research, Russian, National Security and Defense Council, Ukraine’s Security, Cooperation Center, Territory, LUHANSK, Kramatorsk, Selydove Avdiivka, Sloviansk, Vuhledar, Ukraine’s Territorial Defense Locations: Ukraine’s East, Donbas Russia, Russia, Ukraine, Donbas, Selydove, Pokrovsk, Finland, RUSSIAN, Russia Selydove, Russia Vuhledar Russia, Russian, Luhansk, Donetsk, Ukraine Ukraine, Chasiv Yar DONETSK, Selydove Avdiivka Donetsk, Azov Ukraine, Sloviansk LUHANSK, Azov, Vuhledar, Kursk, Ukrainian

☆ Stocks making the biggest moves midday: Reddit, Super Micro Computer, Garmin, Snap and more
▼ + stars: | 2024-10-30 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

Reddit reported earnings of 16 cents per share, while analysts surveyed by LSEG had expected a loss of 7 cents. For the period, Garmin posted pro forma earnings of $1.99 per share on $1.59 billion in revenue. Wingstop – Shares fell around 19% after the restaurant chain missed analysts' expectations for the third quarter. Wingstop earned 88 cents per share, while analysts were looking for 95 cents per share, per LSEG. Advanced Micro Devices – Shares tumbled 9.5% after AMD gave guidance for fourth-quarter revenue of $7.5 billion, in line with analysts expectations, per LSEG.

Persons: Reddit, LSEG, EY, FactSet, Eli Lilly, XPO, Shack, Thomas Reeg, Wingstop, Chipotle, StreetAccount, Raymond James, Goldman Sachs, Alex Harring, Samantha Subin, Lisa Kailai Han, Sarah Min, Jesse Pound, Michelle Fox Organizations: Garmin, Caesars Entertainment, Google, Visa, AMD, Bloomberg, Emirates, Wall, Bank of America

His chicken finger restaurant chain Raising Cane's brought in $3.7 billion in net sales last year, contributing significantly to his estimated net worth of $9.5 billion. With cash flowing again, Graves made his payments and avoided selling any company equity, he says. Graves: I remember watching on television from our location on Lee Drive [in Baton Rouge, Louisiana] when the levees broke. At first, my American dream was: You can go out and start your own business, and you can make the business work, and that's a success. Bring people into a great place to work that's a great place to grow.

Persons: Todd Graves, Cane's, Graves, they're, you'd Organizations: CNBC, LSU, Forbes, Hurricane, Tyson Foods Locations: Louisiana, Orleans, New Orleans, Baton Rouge , Louisiana

☆ Stocks making the biggest moves premarket: Eli Lilly, Caterpillar, VinFast, Alphabet and more
▼ + stars: | 2024-10-30 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Eli Lilly — The drug maker tumbled 7.5% after missing analyst expectations for the third quarter and cutting full-year guidance. Eli Lilly earned $1.18 per share, excluding items, on $11.44 billion in revenue. Analysts polled by LSEG had anticipated earnings of $1.47 a share and $12.11 billion in revenue. Caterpillar — Shares fell more than 5% in the premarket after the industrial giant reported weaker-than-expected earnings for the third quarter. The company posted a profit of $5.17 per share, while analysts polled by LSEG had forecast earnings of $5.34 per share.

Persons: Eli Lilly, LSEG, XPO, FactSet, Qorvo, Raymond James, Reddit, —, Jesse Pound, Sarah Min, Sean Conlon, Michelle Fox, Samantha Subin, Fred Imbert Organizations: Caterpillar, Revenue, Bloomberg, Emirates, Google, Visa, AMD

☆ Antarctica’s Pine Island Glacier appears to be smoking as seen from space
▼ + stars: | 2024-10-29 | by ( Eric Zerkel | ) edition.cnn.com time to read: +2 min

The warmer water injected warmer, moist air into the exceptionally dry, cold air whipping across it. Sea smoke rises from the the Atlantic Ocean off the coast of South Portland, Maine, in February 2023. But seeing it on satellite over Pine Island Glacier was rare because the area is usually shrouded in clouds, according to NASA. Strong winds blow snow into stark lines across Pine Island Glacier. NASA/USGSPine Island Glacier is a vital and highly monitored part of Antarctica that is threatened by a warming world.

Persons: Robert F, ” Thwaites Organizations: CNN, NASA Locations: Antarctica, South Portland , Maine

☆ Mark Cuban hates golf—but still offered this golf company $1 million on 'Shark Tank'
▼ + stars: | 2024-10-29 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

Mark Cuban says he hates golf. On Friday's episode of ABC's "Shark Tank," he offered $1 million to a company selling portable golf courses anyway. The San Francisco-based company BucketGolf, run by brother-and-sister duo Tyler and Jenny Simmons, sells a game that resembles golf, with foldable buckets as holes that can be placed wherever the players choose. The company was on track to bring in more than $12 million in 2024 sales at the time of the episode's taping, said Tyler Simmons, the company's CEO and founder — up from $5.9 million in 2023 and $2.5 million in 2022. BucketGolf could also benefit from a Shark's mentorship on matters of logistics, Tyler Simmons said: "We have yet to make it through a busy season without running out of some of our best products."

Persons: Mark Cuban, Tyler, Jenny Simmons, Tyler Simmons, —, BucketGolf Locations: San Francisco, BucketGolf

Search resuls for: "Antarctic Logistics

25 mentions found