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☆ Baidu posts 3% drop in third-quarter revenues, beating market expectations
▼ + stars: | 2024-11-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth. Baidu noted a 12% surge in its non-online marketing revenue to the equivalent of $1.1 billion, mainly driven by its artificial intelligence cloud business. Beijing-based Baidu operates one of the major web browser search engines in China, along with a frequently used maps app. Baidu has promoted its Ernie chatbot as a local alternative to OpenAI's ChatGPT, which isn't available in China. "AI Cloud continued to show healthy and sustainable development in the third quarter," he said in the earnings release.

Persons: Robin Li, Ernie, Baidu, Ernie chatbot, Li, Baidu hasn't, Rong Luo, Apollo Organizations: Baidu, CNBC Locations: BEIJING, U.S, Beijing, China

☆ AI is working for the software sector now, says Notable Capital's Jeff Richards
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI is working for the software sector now, says Notable Capital's Jeff RichardsJeff Richards, Notable Capital managing partner, joins 'Closing Bell' to discuss the tech trade and the tailwinds for the software sector.

Persons: Jeff Richards Jeff Richards Organizations: Capital

☆ I paid $160 to get a French manicure in Paris. The technique wasn't unique, but the long-lasting results impressed me.
▼ + stars: | 2024-11-21 | by ( Gia Yetikyel | ) www.businessinsider.com time to read: +1 min

Gia YetikyelBefore getting into the review, I must admit to committing multiple nail offensives before and during this appointment. Usually, salons offer a grace period for tardiness, but I wasn't sure what timeframe applied to this salon. I arrived with "Je suis désolé" ("I'm sorry") bubbling up my throat and explained, in English, how the traffic delayed me. The second sin was not booking a nail removal with my appointment. Not booking the appropriate services can throw off a nail tech's entire schedule and create delays for future appointments.

Persons: Gia Yetikyel, Maëlle

☆ 'Belief in the future can sometimes outstrip reality': VC Eric Liaw talks AI
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Belief in the future can sometimes outstrip reality': VC Eric Liaw talks AIEric Liaw, general partner at venture capital firm IVP, discusses investing in tech right now with CNBC's Arjun Kharpal at Slush in Helsinki, Finland.

Persons: Eric Liaw, CNBC's Arjun Locations: IVP, Helsinki, Finland

☆ Elon Musk just reignited his feud with Jeff Bezos
▼ + stars: | 2024-11-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementElon Musk reignited his long-running feud with Jeff Bezos in a X post on Thursday. Musk said Bezos told people that Trump would lose and they should sell their Tesla and SpaceX stock. Elon Musk has taken aim at Jeff Bezos once more, reigniting the war of words between the world's two richest people. In a X post on Thursday, Musk said that Bezos had told people to dump their shares in his companies because Donald Trump was bound to lose the presidential election. This message about Bezos is a way to give himself an excuse to legitimately do so, by saying that 'Bezos started it.'"

Persons: Elon Musk, Jeff Bezos, Musk, Bezos, Trump, Donald Trump, ince, ould, ake Organizations: SpaceX Locations: lon, usk, ehicles,

☆ FBI seizes websites that North Koreans allegedly used to impersonate American companies
▼ + stars: | 2024-11-21 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

SentinelOne researchers traced the front companies to a larger set of organizations based in China. One American entrepreneur told CNN that, according to the FBI, his company had unwittingly sent tens of thousands of dollars to the North Korean government. It’s not the first time that researchers have traced North Korean IT worker operations to northeast China. CNN reported in April on a North Korean computer server that contained illustrations that appeared to have been produced for US animation studios. Logs from the North Korean computer server showed multiple visits from internet connections in northeast China.

Persons: Biden, Trump, ” Tom Hegel, Hegel, Dakota Cary, It’s Organizations: CNN, FBI, North Korean, US, Court, Massachusetts, cyberattacks, White, Korean, North Locations: SentinelOne, China, Korea, American, Arizona, Pyongyang, Liaoning, North Korea, Korean, North Korean

☆ Dell pays $2.3 million to settle claims that it overcharged the US Army for computers
▼ + stars: | 2024-11-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

AdvertisementDell has agreed to pay $2.3 million to settle claims that it violated the False Claims Act. Dell and reseller Iron Bow overcharged the US Army for computers over four years, the DOJ said. Dell has agreed to pay $2.3 million to resolve allegations it violated the False Claims Act in its business with the US Army. Iron Bow has agreed to pay just over $2 million to settle the claims, bringing the combined settlement to $4.3 million. Iron Bow did not respond to a request for comment from Business Insider, made outside normal working hours.

Persons: Dell, Bow, Brent Lillard, Brandon Bell, Brian M, Boynton, Prim, Escalona, Donald Trump, Elon Musk, Vivek Ramaswamy, Ramaswamy Organizations: Dell, US Army, DOJ, The, Justice, Army, Army Desktop, Mobile Computing, Government, Justice Department's Civil, Northern, Northern District of, Elon, " Department of Government, Business Locations: Texas, Bow, United States, Northern District, Northern District of Alabama

☆ 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

☆ Hiring is already picking up again postelection, recruiters say
▼ + stars: | 2024-11-21 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

As any recent job-seeker can tell you, hiring has been sluggish for the better part of the year. But good news could be on its way: After many organizations seemed to pause their hiring efforts ahead of the U.S. presidential election, recruiters say they're already seeing an upswing of activity that could extend into the new year. "Now that there is a clear president-elect, we saw the hiring market, especially for the executive-level candidates, open up almost immediately," Boggs tells CNBC Make It. In the week after the election, four of her clients signed offers for new jobs. Job-seeking clients are also seeing an uptick in new roles being posted online, recruiter reach-outs and interviewing activity, she adds.

Persons: Debra Boggs, Donald Trump, Kamala Harris, Boggs Organizations: U.S, Management, CNBC

That's why I can gladly round up all of the best early Black Friday deals for you, below. Keep scrolling to see the best Black Friday deals you can score now. To explore even more, check out our guides to the best Amazon Black Friday sales, the best Black Friday mattress sales, and the best Walmart Black Friday deals. Best Black Friday tech dealsBeats Studio Buds $79.99 $149.95 Save 47% The Beats Studio Buds offer great sound, an excellent fit, and decent noise cancellation for their price. View at AmazonBest Black Friday fashion dealsNisolo Men's Huarache Sandal $105.00 $150.00 Save 30% Handwoven craftsmanship meets sustainability in our top selling huarache sandal.

Persons: it's, I've, Dyson, we've, Amelia, Price, Secretlab Magnus, Magnus Pro, — Organizations: Business, Walmart, Alexa, HP, Honeywell, Dyson, Kettle, Secretlab Locations: Tempur, Brooklinen

☆ Eli Manning, Derek Jeter, Jimmy Fallon join TGL New York Golf Club investor group
▼ + stars: | 2024-11-21 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Tiger Woods and Rory McIlroy's new golf league, TGL, is getting some fresh star power representing the Big Apple. Cohen Private Ventures, the family office of Steve Cohen, announced on Thursday that Eli Manning, Derek Jeter, CC Sabathia, Michael Strahan, John McEnroe and Jimmy Fallon are joining the New York Golf Club's investor group as limited partners. Cohen, who also owns Major League Baseball's New York Mets, acquired the rights to the New York Golf team last September. TGL is the new primetime, high-tech golf league launched by Woods, McIlroy and Golf Channel executive Mike McCarley. Former New York Yankees star Jeter told CNBC he was drawn to the investment opportunity because it combines his passion for golf and his love of New York.

Persons: Tiger Woods, Rory McIlroy's, Steve Cohen, Eli Manning, Derek Jeter, Michael Strahan, John McEnroe, Jimmy Fallon, Cohen, Rickie Fowler, Xander Schauffele, Matt Fitzpatrick, Cameron Young, Manning, TGL, Woods, McIlroy, Mike McCarley, Stephen Curry, Shaquille O'Neal, Kevin Durant, Shohei Ohtani, Mike Trout, Josh Allen, Serena Williams, Lewis Hamilton, Jeter, NYGC Organizations: Big Apple, Cohen Private Ventures, New, FedEx, Major League Baseball's New York Mets, New York Golf, CNBC, Former New York Giants, Golf Channel, PGA Tour, ESPN, National Basketball Association, MLB, National Football League, Former New York Yankees Locations: York, Palm Beach , Florida, TGL, New York, New

☆ Bank of America raises Netflix price target to $1,000 on Tyson/Paul fight viewership
▼ + stars: | 2024-11-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Two catalysts may send shares of Netflix even higher in the months ahead, according to Bank of America. Analyst Jessica Reif Ehrlich reiterated her buy rating on Netflix and hiked her price target by $200 to $1,000, implying more than 13% upside from Wednesday's close. "Live and advertising are complementary growth drivers, as more live programming drives additional high value, premium ad inventory," Reif Ehrlich added. "Netflix's ability to monetize this premium live inventory will be key to making advertising a multi-year growth driver." Still, Netflix has an average price target of $787, implying about 11% downside from Wednesday's close.

Persons: Jessica Reif Ehrlich, Reif Ehrlich, Mike Tyson, Jake Paul –, Beyoncé –, ann Organizations: Netflix, Bank of America, Broadcasting

☆ The DOJ wants Google to sell its Chrome browser. Here are the winners and losers if that happens.
▼ + stars: | 2024-11-21 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

The Justice Department on Wednesday asked the judge in its antitrust case against Google to force the company to sell its Chrome browser. "Advertisers would find competitors for their business, rather than needing to pay a dominant search engine." When you open Chrome and type something into the search bar at the top, these words are automatically transformed into a Google Search. And when there's an option for users, Google pays partners billions of dollars to set its search engine as the default. For instance, if most people click on the third result, Google's Search engine will likely adjust and rank that result higher in the future.

Persons: Mehta's, John Kwoka, Judge Mehta, Bing, There's, Bill Gurley, Sridhar Ramaswamy, Neeva, Ramaswamy, Teiffyon Parry, Equativ, Parry, Ben Thompson, John Gruber, Lee, Anne Mulholland Organizations: DOJ, Google, Department, Wednesday, Northeastern University, Chrome, Lens, Google's, Gmail, YouTube, Bloomberg

☆ 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

☆ Here's what analysts are saying about Nvidia earnings
▼ + stars: | 2024-11-21 | by ( Meghan Morris | Chris Johnston | ) www.businessinsider.com time to read: +4 min

CEO Jensen Huang said more Blackwell chips will be delivered this quarter than previously estimated. Nvidia delivered another strong set of quarterly results on Wednesday, sparking positive initial reactions among the company's analysts. Nvidia observers were keeping a close eye on any mention of Blackwell chips, the popular next-generation chips in high demand. Nvidia will deliver more Blackwell chips this quarter than previously estimated, Huang said, and demand exceeds supply as expected. AdvertisementHSBC analysts wrote in a note that they expect "significant" earnings upside for the 2026 financial year despite gross margin pressure.

Persons: Jensen Huang, Blackwell, Trump, aren't, Robert Lea, Huang, Dan Ives, AI Jensen, Konstantin Oldenburger, Stephen Yiu Organizations: Nvidia, Bloomberg Intelligence, Wedbush Global Tech Team, CMC Markets, Deutsche Bank, HSBC, Bloomberg Locations: Asia

☆ Stocks making the biggest moves midday: Netflix, Alphabet, Nvidia, BJ's Wholesale Club and more
▼ + stars: | 2024-11-21 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Nvidia — Shares of the chipmaker dipped about 1% in midday trading, after gyrating earlier in the session. Analysts polled by LSEG had called for earnings of 75 cents per share on $33.16 billion in revenue. Baidu — U.S. shares of the Chinese search engine fell about 5% after Baidu's third-quarter revenue declined by 3% compared to the year-ago period . BJ's Wholesale Club — Shares moved 9% higher after the warehouse club's third-quarter adjusted earnings beat the Street's estimates. The company said it will increase its membership fee and announced plans to repurchase $1 billion shares.

Persons: LSEG, Snowflake, Sridhar Ramaswamy, Merus, Goldman Sachs, — Stocks, Michael Novogratz, MicroStrategy, Miner Mara Holdings, BJ's, PDD, — CNBC's Sean Conlon, Yun Li, Michelle Fox Organizations: Nvidia —, Nvidia, Baidu, Department of Justice, Google, Chrome, Netflix, of America, —, Galaxy Digital, Miner, BJ's Wholesale, PDD Holdings

☆ CNBC TechCheck Evening Edition: November 21, 2024
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC TechCheck Evening Edition: November 21, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

Persons: TechCheck Organizations: CNBC Locations: San Francisco

☆ Musk and Ramaswamy float ending remote work for federal employees and ‘large-scale firings’
▼ + stars: | 2024-11-20 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

Incoming Trump administration advisers Elon Musk and Vivek Ramaswamy on Wednesday floated ending remote work for federal workers, calling the practice a “privilege” left over from the pandemic. “Requiring federal employees to come to the office five days a week would result in a wave of voluntary terminations that we welcome: If federal employees don’t want to show up, American taxpayers shouldn’t pay them for the Covid-era privilege of staying home,” the two men wrote. The future of remote work for office-based employees is hotly debated. Some unionized federal workers have criticized Musk and Ramaswamy, saying they don’t know what they’re doing. Erwin said the two tech figures “make absurd claims about government waste and bash dedicated federal employees.” His union says it represents 110,000 federal employees.

Persons: Elon Musk, Vivek Ramaswamy, ”, Biden, Ramaswamy, Donald Trump, Musk, Randy Erwin, Erwin Organizations: Trump, Street, Management, of Government, SpaceX, CNBC, Tesla, National Federation of Federal Employees Locations: Washington

Black Friday is still a few weeks away, but early Black Friday Best Buy deals are already here, with notable deals on TVs, laptops, headphones and more. I frequently cover shopping events as a tech reporter for NBC Select, and I’ve been combing through discounts to find the best early Black Friday Best Buy deals actually worth shopping. SKIP AHEAD Best early Black Friday Best Buy deals | How I found the best early Black Friday Best Buy deals | Why trust NBC Select? How I found the best early Black Friday Best Buy dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting. For this piece, I researched early Black Friday deals across Best Buy to find notable products across categories like home, audio, TVs and gaming.

Persons: Belkin, Zoe Malin’s, It’s, Smart, Mario, TikTok Organizations: Retailers, Walmart, Home, NBC, Echo, Gaming, Nintendo, Mario Kart, Travel, Giftable Tech, Facebook, Twitter

In just a few months, the world will have its first digital saint. Pope Francis on Wednesday announced April plans to canonize a teenage web designer who documented miracles online and used his tech skills to maintain web sites for local Catholic organizations. Acutis, who was born to Italian parents in London, was a web designer who died of leukemia in Italy in 2006 at the age of 15. The church has attributed two miracles to the teen informally known as “God’s influencer.”In May, the pope attributed a second miracle to the teen, who is set to become the church’s youngest contemporary saint. The move came four years after he was beatified in 2020 after one miracle was attributed to him.

Persons: Pope Francis, Carlo Acutis, ”, canonize, Giorgio Frassati Organizations: Wednesday, Adolescents, Vatican News, Roman Catholic Church Locations: Italy, London, Italian

Black Friday is almost here, and Target is already offering deals on apparel, holiday decor, tech and more that you can shop right now. As an associate reporter for NBC Select, I frequently cover Target deals and sales year round. SKIP AHEAD Best early Black Friday Target deals | More early Black Friday Target sales |Why trust NBC Select? Best early Black Friday Target deals4.8-star average rating from 3,285 reviews at TargetThis Apple iPad is our pick for the best overall tablet due to its functionality and price. Best early Black Friday Target salesHere are the best early Black Friday Target sales to know about.

Persons: ”, Harry Rabinowitz, terry, Rabinowitz, TikTok Organizations: Target, NBC, Garmin, Facebook, Twitter Locations: woofers

☆ Palmer Luckey says his Facebook firing changed the way he does business
▼ + stars: | 2024-11-20 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

AdvertisementPalmer Luckey said his firing from Facebook changed his approach to business relationships. He went on to found Anduril Industries, a $14 billion defense startup. Oculus founder Palmer Luckey said his frosty departure from Facebook years ago changed the way he approaches business deals. Luckey went on to become the founder and face of Anduril Industries, a tech defense startup reportedly worth $14 billion, but he told Fortune that the dramatic firing changed how he approaches business. Now, as his defense company supplies weapons for the Russia-Ukraine war, he said he's working on his reputation in the business world.

Persons: Palmer Luckey, Luckey, Donald Trump, he'd, Fortune, Gabrielle Wesley, America It's, Forbes, Trump, John Carmack Organizations: Facebook, Industries, Anduril Industries, Mars, America Locations: Mars Wrigley, Russia, Ukraine

☆ Elon Musk emerges as key voice in Trump's tech policy
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk emerges as key voice in Trump's tech policyCNBC's Deirdre Bosa reports on the latest development in president-elect Trump's potential policy.

Persons: Elon Musk, Deirdre Bosa

☆ Wall Street awaits Nvidia's earning report for clues about the chip giant's future
▼ + stars: | 2024-11-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, all eyes are on Nvidia's earnings report after the bell and what it says about the chip giant's future. As the world's top provider of AI chips, demand for Blackwell is a bellwether for the industry's appetite for continued investment in AI. Reports of Blackwell chips overheating spooked the market earlier this week. AdvertisementIt's another cost companies investing in AI chips need to consider in addition to the energy required to fuel them, which has been a headache for tech giants . Barclays trimmed earning estimates next year by as much as 10% for some of the biggest buyers of AI chips, like Meta, Amazon, and Alphabet.

Persons: Jocko, we've, Getty, Tyler Le, It's, Matthew Fox, Blackwell, Jensen Huang, —, BI's Emma Cosgrove, There's, hasn't, Howard Lutnick ANGELA WEISS, Howard Lutnick, Cantor Fitzgerald, Julian Robertson, Tiger hasn't, Goldman, Vivek Bantwal, Goldman Sachs, Rebecca Zisser, Rob Kim, Arturo Holmes, Chelsea Jia Feng, Trump's, Elon, colluding, Gary Wang, Sam Bankman, Gina Raimondo, Antony Blinken, Bill Hwang, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Retired Navy, Nvidia, Blackwell, Barclays, Getty, Trump, New, Tiger Management, Partners, Companies, Alexa, Uber, Ticketmaster, Apple, Google, DOJ, International Network of AI, Archegos Capital Management Locations: New York, Silicon, San Francisco, Chicago, London

☆ Jim Cramer looks at Target earnings, says consumers are loyal to value and not brands
▼ + stars: | 2024-11-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday said consumers right now aren't focused on brand names, but on companies that can provide the most value. The big box retailer cut its full-year guidance, and management said it saw weakness in discretionary products despite price cuts. Although the two retailers offer similar products, Cramer said Walmart is simply more affordable. He also named other discount outfits that are seeing success despite a tough consumer landscape, including Costco , TJX , Chili's-parent Brinker and Texas Roadhouse . On Wall Street, this focus on value extends beyond consumer companies and to sectors like tech, Cramer added.

Persons: CNBC's Jim Cramer, we're, " Cramer, Cramer, Brinker, Microsoft — Organizations: Target, Walmart, Costco, Texas, Nvidia, Google, Oracle, Microsoft

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