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☆ CNBC Daily Open: Is Nvidia its own worst enemy?
▼ + stars: | 2024-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Akio Kon | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Investors are likely zooming in on the rate at which Nvidia is growing its numbers, compared with its past performance, not just whether it's surpassing expectations. The same goes for Nvidia's forward guidance: A growth of around 70% for current-quarter sales, compared with a year earlier. It appears that investors have enjoyed Nvidia's astounding performance for so long they've become desensitized to it.

Persons: Jensen Huang, Akio Kon, LSEG, University's, Leswing, Samantha Subin, Brian Evans Organizations: Nvidia Corp, Nvidia, Summit Japan, Bloomberg, Getty, CNBC, Investors, University's Stern School of Business Locations: Tokyo, Japan, New

☆ Phillips 66 Is Accused of Violating the Clean Water Act
▼ + stars: | 2024-11-21 | by ( Cade Metz | More About Cade Metz | ) www.nytimes.com time to read: +1 min

A federal grand jury on Wednesday indicted Phillips 66 on charges of violating the Clean Water Act by dumping nearly 800,000 gallons of contaminated wastewater into the Los Angeles County sewer system and failing to report the incident to authorities. The Houston-based oil company was charged with releasing wastewater that contained excessive amounts of oil and grease from a refinery in Carson, Calif., in 2020 and 2021, the Justice Department said Thursday. “Protecting our environment is key to protecting our community,” Martin Estrada, the U.S. attorney for the Central District of California, said in a statement. “Just like the rest of us, corporations have a duty to follow the law, so when companies contaminate, they must be held accountable.”The Justice Department charged Phillips 66 with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the act. The company faces up to five years of probation on each count and a maximum of $2.4 million in fines.

Persons: Phillips, ” Martin Estrada, “ Organizations: Justice Department, Central, Central District of Locations: Angeles, Houston, Carson , Calif, U.S, Central District, Central District of California

☆ How Dolly Parton makes and spends her $450 million fortune
▼ + stars: | 2024-11-21 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Parton purchased the Brentwood, Tennessee, home she shares with husband Carl Dean for $400,000 in 1999. Dolly Parton's estate in Brentwood, Tennessee. It's a far cry from her roots: Parton grew up in a two-room log cabin with her parents and 11 siblings in Sevierville. The cabin had no electricity or running water, but Parton remembered her years there fondly in her 1973 song "My Tennessee Mountain Home." Dollywood features a replica of her childhood home built by her brother, Bobby, and furnished by her mother, Avie Lee.

Persons: Parton, Carl Dean, Dolly Parton's, Dolly, Dean, we'd, It's, Carl, Bobby, Avie Lee Organizations: Google, Daily Express, The New York Locations: Brentwood , Tennessee, Mississippi, Tennessee, Sevierville

☆ TGI Friday's Bankruptcy: Changing Tastes, Wall Street Crushed Chain
▼ + stars: | 2024-11-21 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

The hundreds of TGI Fridays franchises across 41 countries are independently owned entities and, therefore, not part of the bankruptcy process. AdvertisementIf you're a TGI Fridays lover, that means you can still go to the one nearby if you want. Like companies in a similar situation, the story of TGI Fridays is one of slow decline before an accelerated crash. In addition to grappling with changing tastes, TGI Fridays has also been subject to another trend in the restaurant business: private equity financial maneuvering. It can always be Friday anywhere, not just TGI Fridays, and maybe at a better price point or nicer experience.

Persons: Ray Blanchette, Brandon Coleman III, Coleman, Weldon Spangler, It's, Jonathan Maze, Tom Cruise, Ruby, Chili's, You've, they'll, who'd, Burt, hasn't, There's, John Bringardner, Bringardner, that's, Ragini, Alicia Kelso, Kelso, TriArtisan, Hostmore, I'm, Emily Stewart Organizations: Street, Restaurant Business, Buffalo Wild Wings, NFL, Strategic Resource, — TriArtisan Capital Advisors, Sentinel Capital Partners —, Sentinel, Citibank, SEC, FTI Consulting, Creditsafe, Hooters, Business Locations: Beppo, New York, Olive, Nation's

☆ CFPB expands oversight of digital payments services including Apple Pay, Cash App and PayPal
▼ + stars: | 2024-11-21 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps. That would include popular services from Apple and Google , as well as payment firms like PayPal and Block . "Digital payments have gone from novelty to necessity and our oversight must reflect this reality," said CFPB Director Rohit Chopra. A year ago, the CFPB said it wanted to extend its oversight to tech and fintech companies that offer financial services but that have sidestepped more scrutiny by partnering with banks. The CFPB said the rule will take effect 30 days after its publication in the Federal Register.

Persons: Rohit Chopra, CFPB Organizations: Banking, Housing, Urban Affairs Committee, Consumer Financial, Tech, Apple, Google, PayPal, Federal Register

☆ What Trump's presidency means for the future of AI
▼ + stars: | 2024-11-21 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

AdvertisementDonald Trump has surrounded himself with people who have competing views on AI regulation. Elon Musk, for example, has supported more AI regulation in the past. Some Silicon Valley veterans are betting that president-elect Donald Trump's new administration will make AI development a top priority. AdvertisementMusk, who spent over $130 million on Trump's campaign, has called for greater regulation of AI in the past. It's not clear if that effort will impact their views on AI regulation.

Persons: Donald Trump, Elon Musk, JD Vance, Donald Trump's, Big, Marc Andreessen, Trump, Joe Biden, California's, Gavin Newsom, OpenAI, Sam Altman, Greg Brockman, Vivek Ramaswamy, Ramaswamy, It's, Vance, Calvin Newport, Eric Schmidt Organizations: Trump, Trump Super PAC, Washington Post, California, Department of Government, Big Tech, Georgetown University Locations: Washington, Silicon Valley, China

☆ It looks like Donald Trump will get to fly on his cut-price Air Force One after all
▼ + stars: | 2024-11-21 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

AdvertisementDonald Trump renegotiated a deal with Boeing for a new Air Force One in his first term as president. Following years of delays, billions of dollars, and his return to the presidency, Donald Trump is set to fly on the new Air Force One after all. In 2015, the Air Force again chose Boeing to build two new planes, this time based on the larger 747-8. The VC-25B project is known as the "Next Air Force One." Courtesy of the Air ForceWhile the government is paying $3.9 billion for the new jets, Boeing has suffered from the Next Air Force One.

Persons: Donald Trump, Trump, Dennis Muilenburg, Donald J, Boeing's, Joe Biden, Kennedy, Dave Calhoun, wasn't Organizations: Boeing, Air Force One, Next Air Force, Air Force, Force, Trump, ABC, Trump Shuttle, Reuters, Street Journal, Business Locations: Russian, United States

☆ Investor who bought Kanye's Malibu home makes lowball offer for Diddy's 'Freak Off' mansion
▼ + stars: | 2024-11-21 | by ( Madeline Berg | Dan Latu | ) www.businessinsider.com time to read: +5 min

AdvertisementThere's been a $30 million offer on Sean Combs' Los Angeles mansion. The lowball offer comes from the same real estate investor who purchased Kanye West's Malibu house. AdvertisementThe mansion is in one of Los Angeles' richest neighborhoods, known for its proximity to Beverly Hills and large lots. Luxury real estate in Los Angeles is currently experiencing a major slump, Beverly Hills agent Rochelle Atlas Maize told BI. Maize, who was personally shopping for homes in Los Angeles at the time, said she wouldn't step foot near it.

Persons: Sean Combs, Sean, Diddy, Combs, Bo Belmont, Shou Zi Chew, Belmont, Rochelle Atlas, Belwood, starchitect Tadao Ando, Menendez, Ryan Murphy's, it's, It's Organizations: feds, Kanye, Belwood Investments, Business, Beverly, Rochelle Atlas Maize, Ryan Murphy's Netflix Locations: Los Angeles, Los, Singapore, Beverly Hills, Rochelle, Malibu, Beverly Flats

☆ How illegal steroids actually work, according to a former smuggler
▼ + stars: | 2024-11-21 | by ( Kyle Desiderio | Nazar Risafi | ) www.businessinsider.com time to read: +1 min

Chet Sandhu is a former smuggler. He estimates that he trafficked over $50 million worth of illegal steroids. He was arrested during a smuggling run and sentenced to 4 ½ years in the Fontcalent correctional facility in Alicante, Spain, one of Europe's most infamous prisons. He highlights the harsh prison sentences imposed in some countries and advocates for steroid use to be handled as a medical issue. Since his release from prison, Sandhu has written two books, "From King of Karachi to Lockdown in the Costa Del Crime" and "Self-Made, Dues Paid."

Persons: Chet Sandhu, Sandhu Organizations: Lockdown, Costa Locations: Karachi, Pakistan, Netherlands, France, Spain, United Kingdom, Alicante, King

☆ Ukraine's drone units are inflicting 80% of the frontline casualties on Russia, report says
▼ + stars: | 2024-11-21 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

Its drone units account for 80% of Russian losses, The New York Times reported. Ukraine's drone units now account for at least 80% of Russian frontline losses, The New York Times reported. The outlet reported that small Ukrainian drone teams had become prized targets for Russia. Ukraine's frontline drone units work in small teams, using remotely controlled first-person-view (FPV) drones to surveil and target Russian forces. In October, Ukraine exceeded its annual target of producing a million FPV drones for its military, Lieutenant General Ivan Havryliuk, Deputy Minister of Defense of Ukraine, told RBC-Ukraine.

Persons: Sgt, Maj, Vasyl, Ivan Havryliuk Organizations: New York Times, Times, Russian, Defense, RBC Locations: Russia, US, Ukraine

☆ Meet 16 startups taking AI innovation to the next level with Twilio
▼ + stars: | 2024-11-21 | by ( Sponsored Twilio | ) www.businessinsider.com time to read: +8 min

These honorees showcase how AI-powered solutions married with Twilio can solve business challenges and revolutionize customer interactions across diverse industries and regions. AlpharunAlpharunAlpharun is an AI phone interview platform that accelerates screening for high-volume hiring teams by integrating Twilio's messaging, voice, IVR, and SIP Trunking. By integrating products like SMS, Voice, IVR, and 2FA, they ensure seamless, secure, multi-channel support that moves beyond static chatbots. Utilizing Twilio's SIP Trunking, IVR, and Voice APIs, their conversational AI encourages screenings. GoodCall boosts productivity and streamlines customer interactions, using Twilio's SMS, Voice, IVR, Email, and security tools to enhance multi-channel communication and reliability.

Persons: Twilio, Alice, Jordan, Alpharun, Althea, Althea Health Althea Health, Elythea, GAIL LULA, GAIL, Olivia, Storii, Symbl.ai Organizations: Trunking, Althea Health, Voice, Inc, Financial Services, meiti, GmbH, SMS, Insider Studios Locations: North America, America

☆ Diddy argues that Abercrombie & Fitch's ex-CEO is out on bail on serial sex-trafficking charges — so he should be, too
▼ + stars: | 2024-11-21 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

AdvertisementSean "Diddy" Combs is making his third application for bail in his Manhattan sex-trafficking case. Jeffries is free on bail on serial sex trafficking charges, so Combs should be too, his lawyers say. Federal prosecutors allege that for decades, both men used their wealth and the power of their brands to coerce victims into participating in drug-fueled sex parties. AdvertisementComparisons of Jeffries and Combs are promising to be a prominent part of bail arguments scheduled for Friday in Manhattan. AdvertisementProsecutors are fighting Combs' bail offer, which includes a $50 million bond collateralized by his Miami mansion, plus home confinement with round-the-clock monitoring.

Persons: Sean, Diddy, Combs, Michael Jeffries, Jeffries, Arun Subramanian, Christy Slavik, Marc Agnifilo, Slavik, Agnifilo Organizations: Abercrombie, Fitch, Prosecutors, Mr, Hyatt, Advertisement Defense, US, Office Locations: Manhattan, New York, Miami, Midtown Manhattan, Hyatt New York, Brooklyn, Los Angeles

☆ DOGE wants to trim a $500 billion list of federal 'zombie' programs that includes veterans' healthcare, Pell grants, and NASA
▼ + stars: | 2024-11-21 | by ( Ayelet Sheffey | Andy Kiersz | ) www.businessinsider.com time to read: +4 min

AdvertisementElon Musk and Vivek Ramaswamy wrote an op-ed in The Wall Street Journal detailing their vision for cutting government costs. Elon Musk and Vivek Ramaswamy are eyeing recommendations to trim a list of government programs that include veterans' healthcare, childcare grants, and NASA. The programs' funding authorizations have lapsed because they were established or renewed by legislation authorizing Congress to allocate funds for a set number of years. Advertisement"If the spending isn't authorized, then we shouldn't be spending it," Ramaswamy wrote on X on Thursday. GOP Rep. Cathy McMorris Rodgers introduced legislation in 2016 — the USA Act — which would sunset what she called "zombie government spending programs" in three years and establish a commission to review all mandatory spending programs.

Persons: Elon Musk, Vivek Ramaswamy, Donald Trump's, Pell, Ramaswamy, NASA's, Elon Musk's, Cathy McMorris Rodgers, McMorris Rodgers Organizations: NASA, of Government, Congress, Congressional, CBO, Pell Grants, National Institutes of Health, Federal Bureau of Investigation, Ramaswamy, Corporation for Public Broadcasting, Elon, Elon Musk's SpaceX, Planetary Society, GOP, Treasury Department, Social Security Administration, Department of Health, Human Services

☆ 5 in-demand jobs that can pay over $100,000 and don't require a bachelor's degree
▼ + stars: | 2024-11-21 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

If you're looking for a career that pays well, doesn't require a bachelor's degree and offers strong job security, you might want to consider a job in the skilled trades. Close to a third (35%) of the fastest-growing jobs in the U.S. are in the skilled trades, with more than 1.5 million new jobs expected between now and 2032, according to the latest numbers from the Bureau of Labor Statistics. "As people continue to search for higher-paying jobs with low barriers to entry, blue-collar jobs have had a resurgence in interest — especially among Gen Z," he added. Though many blue-collar jobs don't require a four-year degree, most roles require certifications, licensing and, in some cases, extensive on-the-job training. Here are five in-demand jobs in the skilled trades that pay over $100,000 and don't require a bachelor's degree, according to data from Resume Genius and the Bureau of Labor Statistics:

Persons: Nathan Soto, Gen Organizations: McKinsey & Co, Labor, Bureau of Labor Statistics, CNBC Locations: U.S

☆ Gap shares surge as it raises guidance, touts 'strong start' to holiday
▼ + stars: | 2024-11-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

As soon as the weather turned around, sales "rebounded" and the holiday shopping season is off to a "strong start" so far, said Dickson. The brand has seen four straight quarters of positive comparable sales and is benefiting from better marketing and product, the company said. Banana Republic: The trendy workwear line grew sales 2% to $469 million while comparable sales fell 1%, a bit worse than the 0.8% drop that StreetAccount had expected. Athleta: The athleisure arm of Gap's empire grew sales by 4% to $290 million while comparable sales were up 5%. In the year-ago period, comparable sales were down 19% at Athleta.

Persons: Richard Dickson, Dickson, We've, he's, StreetAccount, Alo Yoga, Chris Blakeslee Organizations: Old Navy, Fulton, Hurricanes, Navy, LSEG, CNBC Locations: Downtown Brooklyn, New York City, Banana Republic, StreetAccount ., Athleta

☆ ‘A lot of fear:’ Trump’s deportation proposals are already rattling workers
▼ + stars: | 2024-11-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

“People are afraid of walking the streets right now; there’s a lot of fear … a lot of fear,” Sanchez said. “Shrinking worker (supply) in a period in which those sectors need more workers and are having a hard time finding workers will clearly generate a slowdown,” Peri said. Although temporary farm visas — known as H-2A — do exist, there is no legal way to have year-round foreign workers. “We know [undocumented immigrants] are working, they’re not sitting at home,” he said. “The slowing in immigration that’s broadly anticipated will probably show up in tighter labor markets for lower-skilled workers,” he said in an interview.

Persons: Donald Trump’s, Sam Sanchez, ”, Sanchez, ” Sanchez, Giovanni Peri, Peri, Ron Estrada, “, ” Estrada, farmworkers, Joe Sohm, Farmworker Justice’s Estrada, Carolinians, they’re, “ They’ve, Biden, Trump, Michael Feroli, Julia Pollak, Scott Olson, it’s, Joe Brusuelas, ” Karoline Leavitt, Vance, Joanne Eriaku, Eriaku, she’s Organizations: CNN, Chicago, Coast Hospitality Group, “, Global Migration, University of California, Davis, UCDavis, Migration Center . Business, Biden, Farmworker, North Carolina Growers Association, Congressional, CBO, JPMorgan, Republican National Convention, RSM, Trump, United Nations, UN, Social Locations: America, Mexico, Little, San Francisco, Chicago, ”, Milwaukee, Chicago’s Little, Springfield , Ohio, New York City, Uganda, Eriaku, Kenya, United States

☆ National Geographic unveiled its Pictures of the Year. Here are 7 of the most stunning wildlife photos.
▼ + stars: | 2024-11-21 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +1 min

AdvertisementNational Geographic spotlighted the top 20 Pictures of the Year in its December 2024 issue. Photo editors at the magazine chose the top 20 photos from a selection of 2.3 million images. Every year, photographers at National Geographic travel around the world to share stories through their lenses. Then, at the end of the year, the magazine's photo editors select "the most stunning photos" taken by its photographers for its annual Pictures of the Year issue. AdvertisementThis year, 20 pictures were selected from a pool of 2.3 million photographs.

Organizations: National Geographic

☆ BJ’s Wholesale Club membership fees are going up for the first time in 7 years
▼ + stars: | 2024-11-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —BJ’s Wholesale Club is hiking the price of its annual membership fee for the first time since 2018. The warehouse store chain, a smaller rival to Costco and Sam’s Club, announced Thursday that the cost will increase by $5 to $60 per year for its basic plan. Annual fees have been one of the biggest profit-generating areas for BJ’s, helping it offset expenses to keep its prices down. Meanwhile, Sam’s Club last raised its fees in 2022. The company has fewer stores than its major competitors, and its locations are a little smaller, though BJ’s carries a wider variety of items.

Persons: BJ’s, ’ Organizations: New, New York CNN, BJ’s Wholesale, Costco, Sam’s Club, Sam’s Locations: New York, Westborough , Massachusetts, East Coast, Michigan

☆ Meet the man making money for Tucker Carlson, Megyn Kelly, and Bari Weiss
▼ + stars: | 2024-11-21 | by ( Peter Kafka | ) www.businessinsider.com time to read: +10 min

AdvertisementIt used to be that leaving Fox News or other big media outlets was the end of your career. Ask two former Fox hosts, Tucker Carlson and Megyn Kelly, or Bari Weiss, an ex-New York Times editor. People like the former Fox News stars Tucker Carlson and Megyn Kelly, and the former New York Times writer and editor Bari Weiss. At the time, it seemed like we would see more people doing what he did — leaving mainstream media, going to digital, and building an audience there. Unless you're Tucker Carlson.

Persons: Tucker Carlson, Megyn Kelly, Bari Weiss, Chris Balfe, we've, Glenn Beck, TheBlaze, Carlson, Kelly, Weiss, Balfe, Beck, Donald Trump, he's, Fox —, Mike Tyson, Jake Paul, we're, Tucker, Joe Rogan, —, He's, Vladimir Putin, Tucker Carlson's, They're, They've, it's Organizations: Fox News, Fox, New York Times, Red, Big Media, Glenn Beck Fox, YouTube, Facebook Locations: TheBlaze, Fox

☆ Elon Musk's startup xAI is now reportedly worth more than what the billionaire paid for Twitter
▼ + stars: | 2024-11-21 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

AdvertisementElon Musk's AI startup, xAI, has been valued at $50 billion, The Wall Street Journal reported. xAI's valuation has doubled since the spring, surpassing the $44 billion Musk paid for Twitter. Elon Musk's AI startup, xAI, has reportedly been valued at $50 billion — $6 billion more than what the billionaire paid to acquire Twitter, the social media platform now known as X. AdvertisementThe new valuation means xAI has surpassed the $44 billion Musk paid for Twitter back in October 2022. xAI previously raised a $6 billion Series B from A16z and Sequoia Capital at a $24 billion post-money valuation.

Persons: Andreessen Horowitz, Elon, xAI, Musk, Sam Altman, OpenAI Organizations: Elon, Street Journal, Twitter, Sequoia Capital, Fidelity, The, Equity Partners, Qatar Investment Authority, Microsoft Locations: A16z

☆ Atlas of cells offers a milestone leap in understanding of the human body
▼ + stars: | 2024-11-21 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

New research based on the findings, published in several papers Wednesday in Nature and its sister journals, represents a “leap in understanding of the human body,” according to the Human Cell Atlas consortium. Regev compared scientific knowledge of cell biology before the Human Cell Atlas initiative with a “15th century map.”“Now, years later, the resolution of the map is a lot higher,” she said. The cell atlas aims to fill in a missing link between genes, diseases and treatment therapies. During the Covid-19 pandemic, the Human Cell Atlas community used the available data to reveal that the nose, eyes and mouth were most vulnerable to infection. “It was only clear through the Human Cell Atlas data that those cells were … entry points before the virus continued into the internal organs.

Persons: —, ”, Aviv, Daniel Montoro “, we’ve, Regev, “, Sarah Teichmann, Ken, Blain, Robert Hooke, ” Teichmann, Jeremy Farrar, ” Farrar Organizations: CNN, Human Cell Atlas, Genome, Cell, Google, Human, Human Cell, Cambridge Stem Cell, UK’s University of Cambridge, Wellcome Sanger Institute, Institut, la Vision, HCL, Lyon, World Health Organization Locations: Nature, Genentech, South San Francisco , California, Cambridge, England, Paris, Lyon English

☆ Matthew McConaughey got so tired of playing the 'romcom dude' that he moved to Texas and rejected a $14.5 million role
▼ + stars: | 2024-11-21 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

The "Interstellar" actor rejected a $14.5 million role to star in an action comedy. In Wednesday's episode of "Good Trouble" with Nick Kyrgios, McConaughey, 55, said that saying "no" is more important than saying "yes." That was my lane, and I liked that lane, that lane paid well, and it was working," he said. The offer was originally at $8 million, but McConaughey rejected it. Warren Buffett, the CEO of Berkshire Hathaway, has been quoted as saying, "The difference between successful people and really successful people is that really successful people say no to almost everything."

Persons: Matthew McConaughey didn't, Matthew McConaughey, Nick Kyrgios, McConaughey, Joe, who's, Paul Reiser, Warren Buffett, Berkshire Hathaway, Sam Altman Organizations: Dallas Buyers, Business, Berkshire, Stanford University, OpenAI's, Business Insider Locations: romcoms, Texas, California, Hollywood

☆ Bluesky CEO Jay Graber says X rival is 'billionaire proof'
▼ + stars: | 2024-11-21 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

But CEO Jay Graber has some cautionary words for potential acquirers: Bluesky is "billionaire proof." Graber was referring to the way millions of users left Twitter, now X, after Elon Musk purchased the company in 2022. Bluesky now has over of 21 million users, still dwarfed by X and Threads, which Facebook's parent debuted in July 2023. Threads has roughly 275 million monthly users, Meta CEO Mark Zuckerberg said in October. Although Musk said in May that X has 600 million monthly users, market intelligence firm Sensor Tower estimates 318 million monthly users as of October.

Persons: Bluesky, Elon Musk's, Jay Graber, CNBC's, Graber, Elon Musk, Meta didn't, Mark Zuckerberg, Musk, Jack Dorsey's, Dorsey, Jack, we're, we've, that's, Nobody's, algorithmically, We're, That's, Trump Organizations: Twitter, Elon, Meta, Blockchain Capital Locations: Brazil

In this article MAR Follow your favorite stocks CREATE FREE ACCOUNTMarriott International's business operations and growth are solid, CEO Anthony Capuano told CNBC Monday, amid layoffs of more than 800 corporate employees and continued sluggishness in China's tourism market. Marriott International reported net room growth of 6% year-on-year and room rate growth of 2.5%, driven by a strong return of group travel, which Capuano called the "bright, shining star" for the business today. The company raised its year-end guidance for net room growth, and added 9 million new Bonvoy members in the third quarter. That measure turned out to be corporate layoffs, first reported by the travel media company Skift on Nov. 14, which later linked to a notice of "mass layoffs" of 833 Marriott employees posted on a Maryland government labor website. watch nowCapuano denied that the company — which doubled in size during the past decade — grew too big, too fast, at least in terms of corporate employees, instead calling the move a much-needed "reorganization" of its global corporate structure.

Persons: Anthony Capuano, Capuano, Leeny Oberg, —, Rather Organizations: Marriott, CNBC, Marriott International, Uber, Starbucks Locations: RevPar, China, Greater China, Maryland, Bethesda , Maryland

☆ Crypto investor pays $6 million for a banana — and plans to eat it
▼ + stars: | 2024-11-21 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Italian visual artist Maurizio Cattelan's duct-taped Banana entitled "Comedian," is on display during a media preview at Sotheby's in New York, on November 8, 2024. Crypto investor Justin Sun paid $6.2 million for a banana duct-taped to a wall, highlighting the soaring values of crypto and viral art. Sotheby's last night auctioned off the infamous banana, titled "Comedian," created by Italian artist and cultural prankster Maurizio Cattelan. People look at Italian visual artist Maurizio Cattelan's duct-taped Banana entitled "Comedian," during a press preview at Sotheby's in New York, on October 25, 2024. The seller of the Sotheby's banana had purchased it from one of the original buyers and was reselling it.

Persons: Maurizio Cattelan's, Kena Betancur, Robert Frank, Crypto, Justin Sun, Maurizio Cattelan, Sun, Sotheby's, Timothy A, Clary Organizations: Afp, Getty, Art Basel Miami Beach Locations: New York, Italian

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