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The spike in oil prices is weighing on airline stocks, and there is still time to for traders to take advantage of that relationship through options trades, according to Barclays. Such underperformance has been worse only 10% of the time in the past 25yrs," the Barclays note said on Tuesday. The options market does not appear to have priced in these risks, Pascale said, so Barclays recommended two short-term trades. This structure would lower the cost of the trade, though it would also limit the upside if the JETS ETF falls below the lower strike price. The Barclays note recommended using $18 and $17 as the strike prices.
Persons: Stefano Pascale, Morgan Stanley, Pascale, CNBC's Michael Bloom Organizations: Barclays, Futures, U.S, Texas, U.S . Global Jets ETF, JETS, Airlines, Tuesday, Delta Air Lines, Morgan, Jet, JETS ETF, DAL Locations: underperform
What happens to the US economy nextBank of America's economic indicator has made a sudden pivot upwards, from the lows of a "downturn" phase into the gradual strengthening of a "recovery" phase. Rising inflation indicates improving economic conditions. Rising inflation indicates improving economic conditions. A rising Z-Score indicates improving economic conditions. A rising Z-Score indicates improving economic conditions.
Persons: it's, Savita Subramanian, Subramanian, Jan, Staples underperformed, Bank of America Subramanian, Dev Organizations: Bank of America, Bank of, Thomson, PMI, Supply Management Manufacturing, Federal Reserve Bank of Philadelphia Survey, Conference Board, Bond, ICE, Utilities, Health Care, Fed, of America
Actors went on strike in July, joining writers who had walked off the job in May, to demand that streaming sites and film studios improve their contracts and impose curbs on the use of artificial intelligence. SOLIDARITYVenice's artistic director Alberto Barbera had predicted that the actors of just three of the 23 films in competition would not be able to come to the festival because of the strike. No official reason was given, but one festival insider said she believed it was out of solidarity. Without their actors, the directors did most of the talking and were regularly quizzed about the dispute. Some of the actors who did make it to the festival wore T-shirts promoting the strike, as did the president of the main jury, Oscar-winning director Damien Chazelle.
Persons: Oscar, Jessica Chastain, Chastain, AFTRA, " Chastain, Alberto Barbera, Emma Stone, Michael Fassbender, Bradley Cooper, Maestro, Lea Seydoux, Penelope Cruz, Liam Neeson, Ava DuVernay's, I'm, Sofia Coppola, Priscilla, Wes Anderson, Henry Sugar, Benedict Cumberbatch, Dev Patel, Ben Kingsley, Damien Chazelle, it's, Hanna Rantala, Alison Williams Organizations: Hollywood, Screen Actors Guild, American Federation of Television, Radio Artists, Thomson Locations: Venice, VENICE, Hollywood
Amazon and Shopify announced a new Buy with Prime app for Shopify on Wednesday. Buy with Prime let merchants offer Prime benefits, such as fast shipping and free delivery, on websites beyond Amazon.com. Amazon had no choice but to let Shopify merchants view Buy with Prime-related metrics on its own backend console, not within the unified Shopify Admin tool, according to the internal Amazon document from April. If Buy with Prime data wasn't smoothly integrated into Shopify Admin, Shopify merchants might not use the Amazon feature much. Constant delaysThe internal Amazon document described a Shopify-native Buy with Prime app as a "flagship" goal for Amazon's top leadership because it would make Buy with Prime more appealing to Shopify merchants.
Persons: Shopify, Santos Jeff Bezos Kevin Mazur, Jeff Bezos, Tobi Lütke David Fitzgerald, Sportsfile, Harley Finkelstein, Finkelstein, Mark William Lewis, Andy Jassy, they've Organizations: Amazon, Amazon.com, Prime, Project Santos, Getty, Amazon Logistics, Netalico Commerce, Web, Associated
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMongoDB CEO Dev Ittycheria on Q2 results: Very please with how company is positioned for the futureMongoDB CEO Dev Ittycheria joins 'Squawk Box' to discuss the company's quarterly earnings results, growth outlook, and more.
Persons: Dev Ittycheria
[1/5] The 80th Venice Film Festival - Cartier Glory to the Filmmaker 2023 Award - Venice, Italy, September 1, 2023 - Director Wes Anderson receives the Cartier Glory to the Filmmaker 2023 Award. I would say, no," he told reporters at the Venice Film Festival. He's dead," said Anderson, who has had a busy year having just presented his last film "Asteroid City" at the Cannes Film Festival. "Henry Sugar" is the second Dahl book that Anderson has brought to the screen, following his hugely successful 2009 stop-motion animated movie "Fantastic Mr. Fox". It will show on the streamer Netflix, which bought the rights in 2021 to adapt Roald Dahl stories.
Persons: Wes Anderson, Yara, Roald Dahl, Henry Sugar, Puffin, Anderson, I'm, Renoir, Dahl, Fox, Benedict Cumberbatch, Dev Patel, Ben Kingsley, Ralph Fiennes, Rupert Friend, Hanna Rantala, Crispian Balmer, Alison Williams Organizations: Cartier, REUTERS, Venice Film, Cannes Film, Netflix, Thomson Locations: Venice, Italy, U.S, British
After spending too much time and money because I'd rather avoid tough conversations, I finally learned the importance of "firing fast." The concept of "hire slow, fire fast" has been popularized by startup culture, referring to the agility required to grow a company in a competitive environment. In our first two years, we made five wrong hires that ended up costing $450K because we didn't "fire fast." The most expensive thing about wrong hires is not money — it's time (and sadly sometimes friendships, as mentioned above). While not all costs can be avoided — because you don't know what you don't know — they can be mitigated by "firing fast."
Persons: Melissa Kwan, Kwan, It's, it's, I've, Dev, we'd, , We've Organizations: Morning
CNN —It is the kind of unlikely love story that would make the scriptwriters of Asia’s biggest movie business proud. Film & Casting TempleHarman Baweja starred alongside Priyanka Chopra in “Love Story 2050,” shot in South Australia and released in 2008. “Australia realized that after ‘servicing’ Bollywood for over 13 years it was time to shift gears and move to collaboration with Indian cinema,” said Sharma. Salim MerchantChanging global appetiteOf no little importance is the growing audience for Bollywood productions in Australia. Anupam Sharma films for Australia's first ethnic reality show, "Bollywood Star," on SBS TV by WTFN.
Persons: Anthony Albanese, Narendra Modi, Tony Burke, , , Anupam Sharma, Sharma, Feroz Khan –, “ Bollywood’s Clint Eastwood ” –, I’m, , “ Prem Aggan, Khan, Harman Baweja, Priyanka Chopra, Mike Rann, Baweja, Harry Baweja, Ajay Devgan, ” Sharma, Garth Davis, Dev Patel, Nicole Kidman, David Wenham, Weinstein, ” Brothers Salim, Sulaiman Merchant, “ UnIndian, Salim Merchant, Salim, Sulaiman, Mitu Bhowmick Lange, Bhowmick Lange “, ” Bhowmick Lange, Bhowmick Lange, La Trobe, Anupam, “ Everyone’s Organizations: CNN, Asia’s, Australian, Indian Film, of Melbourne, Sydney Opera House, Baweja Studios, , Mumbai, , , Co, “ Salaam, La Trobe University, La, SBS, WTFN Locations: Australia, Delhi, Brisbane, Sydney, Australian, Melbourne, India, Lake Gairdner, South Australia, Western Australia, “ Australia, ” Australia, Canada, China, Mumbai, Victoria, China Town
Although many stars will miss the traditional red carpet openings for big studio productions, Venice artistic director Alberto Barbera still managed to attract a slew of top movies to the Lido. The world's oldest film festival, regarded as a launchpad for Oscar contenders as awards season approaches, features movies from 55 countries, including 23 titles running for the prestigious Golden Lion award. The SAG-AFTRA guild called the strike this month after failing to reach an agreement with studios on a new three-year contract. Barbera said he hoped stars of smaller independent movies would be able to publicise their work in person regardless of the stoppage. Both Allen, with his French language picture "Coup De Chance", and Polanski, with "The Palace" will show out of competition.
Persons: Bradley Cooper, Karl Lagerfeld, Andrew Kelly, Alberto Barbera, Yorgos Lanthimos, David Fincher, Michael Mann, Sofia Coppola, Ava DuVernay, Wes Anderson, Woody Allen, Roman Polanski, Luc Besson, MeToo, Besson, Oscar, Barbera, Luca Guadagnino, Zendaya, Maestro, Leonard Bernstein, Cooper, Priscilla, Elvis Presley's, Cailee Spaeny, Ferrari, Mann, Adam Driver, Enzo Ferrari, Penelope Cruz, Emma Stone, Mark Ruffalo, Allen, Chance, Polanski, Anderson, Henry Sugar, Roald Dahl, Benedict Cumberbatch, Ralph Fiennes, Dev Patel, Ben Kingsley, Crispian Balmer, Alison Williams Organizations: Metropolitan Museum, Art's, REUTERS, Hollywood, Golden Lion, SAG, Netflix, Lion, Thomson Locations: New York City , New York, U.S, Venice, ., Italian, American, United States
Here are Tuesday's biggest calls on Wall Street: Jefferies reiterates Apple as buy Jefferies said it's expecting a "quiet quarter" when the company reports earnings Aug. 3. Wells Fargo reiterates Netflix as overweight Wells said it's bullish heading into the company's earnings report Wednesday. Jefferies reiterates Alphabet as buy Jefferies said it's bullish heading into Alphabet earnings next week. Bank of America downgrades Lumentum to neutral from buy Bank of America called the stock an "overstated" AI beneficiary. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant is its top pick heading into earnings. "
Persons: Jefferies, it's, Wells, Truist, Piper Sandler, Dave, Buster's, Piper, Bernstein, Goldman Sachs, Goldman, Max, Roth, Uber, Roth MKM, it's bullish, Morgan Stanley, Evercore, Marvell, Williams Deutsche, Sherwin Williams, JPMorgan Organizations: Apple, Netflix, Argus, Warner Brothers Discovery, Citi, Polaris Citi, 2Q, Bank of America, Nvidia, American Express, Digital, Marvell Technology Inc, Global, Inc, Deutsche Bank, Sherwin, JPMorgan Locations: capex
June 30 (Reuters) - Humane, the startup founded by ex-Apple Inc (AAPL.O) executives that raised $100 million earlier this year, said on Friday that it will use Qualcomm Inc's (QCOM.O) chips in its forthcoming wearable device. Humane has not given a release date or many other details for a gadget that it said on Friday will be called "Ai Pin." Because the Ai Pin does not have a traditional screen or keyboard, it relies heavily on artificial intelligence to interact with users in natural spoken language. Humane is partnering with OpenAI for AI technology and cloud computing services, respectively. Humane and Qualcomm did not give further details on which Qualcomm chips the Ai Pin will use, but Dev Singh, vice president of business development at Qualcomm, said the offerings would come from Qualcomm's Snapdragon family of chips, which can power devices from smartphones to mixed-reality headsets, depending on the configuration.
Persons: Imran Chaudhri, Sam Altman, OpenAI, Dev Singh, Stephen Nellis, Cynthia Osterman Organizations: Apple Inc, Qualcomm, Apple's Vision, Microsoft Corp, Humane, Thomson
Zulie Rane is a freelance writer who earns six figures a year while working around 20 hours a week. At the end of this article, you should have a solid idea of what it's like to be a freelance writer. 7:00 - 8:00 a.m: Start the day (for real this time)I start a day in the life of a freelance writer with an alarm. After all, it's not just a day in the life of a freelance writer — it's a day in the life of a freelance writer and her two cats. Hopefully this snapshot of my Mondays gives you a good idea of what it's like to be a freelance writer.
Persons: Zulie Rane, , Astrid, dislodging, it's, Sally, — it's, Slack, I've, I'm, you've, there's, Here's Organizations: Service, Twitter Locations: Boston, Salem, Euronews, Spain
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMongoDB Dev Ittycheria on how the AI boom could be impacted by rising ratesDev Ittycheria, MongoDB CEO, discusses whether the AI boom is a bubble or a real investment opportunity.
Persons: MongoDB Dev Ittycheria, Dev Ittycheria
Cohere, an enterprise-focused generative artificial intelligence startup, has raised $270 million in a Series C round of venture capital which includes AI giant Nvidia as an investor. In the new Cohere round, Oracle and Salesforce were also investors. Cohere is one of the companies that the new Salesforce Ventures generative AI fund is investing in. "We want to build that toolkit that's accessible to any dev," co-founder and CEO Aidan Gomez told CNBC in June 2022. Nvidia founder and CEO Jensen Huang expressed confidence in Cohere, saying in a press release announcing the funding, "The team at Cohere has made foundational contributions to generative AI.
Persons: OpenAI, Cohere, Aidan Gomez, Gomez, Nick Frosst, Jensen Huang, DTCP Organizations: Nvidia, Oracle, Microsoft, CNBC, Google, Google Research, Inovia Capital, Schroders, Thomvest Ventures, Ventures Locations: CoreWeave, Cohere
“If you spell this next word correctly, we will declare you the 2023 National Spelling Bee champion: psammophile.” “Psammo, meaning ‘sand,’ Greek? Oh.” “Wait a second.” [chuckle] “Psammo, meaning ‘sand,’ Greek?” “Yes.” “Phile, meaning ‘lover,’ Greek?” “You’re on the right track.” “Can I please have all the information?” “Psammophile is a noun from Greek. A psammophile is an organism that prefers or thrives in sandy soils or areas.” “Psammophile. Psammophiles.” “Psammophile.” “P- S- A- M- M- O- P-H- I-L-E, psammophile.” “That is correct.” [crowd cheering] “The hug from Charlotte and Morgan Fitzgerald Middle School celebrates in Largo, Florida. Your 2023 Scripps National Spelling Bee champion.
Persons: , ” “, “ Psammophile, Morgan Fitzgerald, Deval, Neil, They’ll Organizations: Morgan Fitzgerald Middle, Scripps, Spelling Locations: Arizona, Charlotte, Largo , Florida, New Jersey, India
After 14 rounds of words like “probouleutic” and “zwitterion” and “schistorrhachis,” Dev Shah, an eighth grader from Florida, reached the apotheosis of his craft, correctly spelling “psammophile” to win the Scripps National Spelling Bee on Thursday night. He denied the spelling community another thrilling spell-off, outlasted the dominant Texans and didn’t let the schwa make him schweat. If you weren’t able to watch the finals on Thursday night, here are a few takeaways. The schwa is a stone-cold killerThe schwa — the “uh”-like sound that can be represented by any vowel in the English alphabet, also known as the bane of competitive spellers’ existence — knocked out several finalists, as it routinely does.
Persons: , ” Dev Shah, , didn’t, Organizations: Scripps, Spelling, Texans Locations: Florida
The moment was a culmination for Dev, who began competing in spelling bees in third grade and has studied 10 hours each day for the past year, according to his mother. When his parents rushed the stage to hug him, he felt overwhelmed, Dev said in an interview after the competition. A fan of Roger Federer and the movie “La La Land,” Dev had competed in previous national spelling bees, tying for 76th place in 2021 and 51st place in 2019. In 2021, organizers introduced a vocabulary round, in which spellers have to identify the correct meaning of the word. Harini Logan, an eighth grader from San Antonio, won by correctly spelling 21 words.
Persons: Dev, , Roger Federer, ” Dev, Harini Logan Locations: La, Largo, St . Petersburg, San Antonio
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMongoDB CEO says there's a one-to-one correlation between growth and app usageMongoDB's CEO Dev Ittycheria joins 'Closing Bell Overtime' after the stock jumped more than 28% on a big earnings beat.
Persons: there's, Dev Ittycheria
Tech stocks close out first six-week rally since January 2020
  + stars: | 2023-06-02 | by ( Ari Levy | ) www.cnbc.com   time to read: +3 min
Tech stocks still haven't fully rebounded from a miserable 2022, but they're rewarding investors who saw the sell-off as too extreme. The Nasdaq Composite gained 2% this week, wrapping up the sixth-straight weekly rally for the tech-heavy index. Among the most-valuable Nasdaq companies, Tesla led the way, with an 11% increase for the week. In the cloud software corner of tech, some earnings reports are still providing a boost. The company on Thursday reported earnings and revenue that topped analysts' estimates and raised its guidance for fiscal 2024.
Persons: Joe Biden, Tesla, Danielle Shay, Dev Ittycheria, SentinelOne, David Bernhardt, PagerDuty, Howard Wilson Organizations: Nasdaq, U.S, Stocks, Nvidia, Dow Jones
Dev Shah Wins Scripps National Spelling Bee
  + stars: | 2023-06-01 | by ( Suryatapa Bhattacharya | ) www.wsj.com   time to read: 1 min
Dev Shah, a 14-year-old from Largo, Florida, won the 95th Scripps National Spelling Bee on Thursday. Shah’s victory came from correctly spelling “psammophile,” an organism that thrives in sandy soils or areas. "It's surreal. My legs are still shaking,” he said from the stage. Nick Wass/Associated Press
Persons: Dev Shah, Shah’s, “ psammophile, , Nick Wass Organizations: Scripps, Spelling, Associated Locations: Largo , Florida
[1/7] Dev Shah, 14, reacts after winning the Scripps National Spelling Bee competition in National Harbor, Maryland U.S., June 1, 2023. REUTERS/Leah MillisJune 1 (Reuters) - Dev Shah, a 14-year-old boy from Largo, Florida, won the 2023 Scripps National Spelling Bee on Thursday, nailing the word "psammophile," meaning an organism that thrives in sandy soils, in the 15th round of the contest's finals. Shah, a student at Morgan Fitzgerald Middle School, had correctly, and swiftly, spelled "bathypitotmeter" in the 14th round, but under spelling bee rules needed to land one more word to be declared winner. Shah, who was crowned champion in a hail of confetti before being joined on stage by his parents and other relatives, takes home $50,000 cash from E.W. Dev, whose hobbies include reading, tennis, playing the cello and solving math problems, tied for 51st place in the 2019 edition of the spelling bee, and tied for 76th place in 2021.
Persons: Dev Shah, Leah Millis, Charlotte Walsh, Shah, Webster, The Merriam, Dev, Harini Logan, Brendan O'Brien, Steve Gorman, Matthew Lewis, Christopher Cushing Organizations: Scripps, Spelling, National Harbor , Maryland U.S, REUTERS, Morgan Fitzgerald Middle School, Scripps Co, Encyclopedia, The, Webster, ION, ESPN, Thomson Locations: National Harbor , Maryland, Largo , Florida, Arlington , Virginia, Encyclopedia Britannica, Merriam, Washington ,, San Antonio , Texas, Chicago, Los Angeles
Shares of MongoDB rose as much as 22% in extended trading Thursday after the database software maker issued blowout fiscal first-quarter earnings and lifted its full-year guidance. Earnings: 56 cents per share, adjusted, vs. 19 cents per share as expected by analysts, according to Refinitiv. During the quarter, MongoDB extended its partnership with Alibaba through 2027. Analysts surveyed by Refinitiv had been looking for 14 cents in adjusted earnings per share and $362 million in revenue. The guidance calls for $1.42 to $1.56 in adjusted earnings per share on $1.522 billion to $1.542 billion in revenue, which would imply 19.5% growth.
Persons: Dev Ittycheria, Ittycheria, MongoDB, Refinitiv Organizations: China Mobile, Oracle, Innovation, Alibaba, American Airlines Locations: Refinitiv, China
Apple usually plays it so low-key at big industry events, you wouldn't even know the company had attended. It has rented a space at the top of the iconic Carlton hotel, situated on the busy Croisette promenade, according to multiple advertising industry sources. It's also planning a week of programming, with panel topics expected to include sports on Apple TV+, Apple News, apps, and the broadening Apple advertising offering, those sources said. All of which were "not necessarily a strong-point with Apple advertising in the past," Auzins said. Today, Apple's ad business largely consists of search ads sold within the App Store, which Insider Intelligence forecasts will generate $8.7 billion this year.
It's just one move of many the VC firm has taken to cement its position in the white-hot AI space. Huang and Grady wrote a public blog post on Sequoia's website inviting AI founders to email them their ideas and pitches directly. But the firm has been louder where it counts, investing in splashy AI startups like Harvey and LangChain. Every member of the firm, from managing partner Roleof Botha on down, has made AI a top priority, with Grady, Huang, and Buhler most prominently involved. Both Huang and Buhler now spend over 90% of their time researching AI companies, versus 50% in previous years, they said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. is striving to be on the forefront of A.I. regulation and transparency: Builder.ai CEOBuilder.ai CEO Sachin Dev Duggal is joined by CNBC's Julia Boorstin and Steve Kovach on 'The Exchange' to discuss today's Senate Judiciary Subcommittee hearing on A.I., the Senate's plans to regulate A.I., and the challenge of developing safeguards against A.I..
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