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☆ Bitcoin hits new record topping $88k for first time
▼ + stars: | 2024-11-11 | 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 EmailBitcoin hits new record topping $88k for first timeMeltem Demirors, Crucible Capital general partner, joins 'Fast Money' to discuss why Bitcoin is on its way to becoming a consensus trade and an institutional asset.

Organizations: Crucible Capital

☆ Over $2.8 billion bet on bitcoin topping $90,000 as it hits all-time high
▼ + stars: | 2024-11-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Open interest in bitcoin's price surpassing $90,000 rose to more than $2.8 billion on the popular Deribit derivatives exchange, one of a few crypto native platforms that offers futures trading. "The options market's bias is heavily toward continued momentum. Call options trade at a premium to puts, and open interest in out-of-the-money calls has grown," Vetle Lunde, head of research at K33 Research, told CNBC. The CME derivates exchange offers bitcoin futures contracts and is a popular way for institutions in the U.S. to make bets on the future price of bitcoin. Velde told CNBC that on Friday CME premiums for ether and bitcoin averaged 14.5% and 14%, respectively.

Persons: Bitcoin, Vetle Lunde, Velde Organizations: K33 Research, CNBC Locations: U.S, Velde

☆ These 'Trump trades' are on a roll and analysts see more gains ahead
▼ + stars: | 2024-11-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

Since Trump's win, the market has already seen some major gains. Those sectors in particular had several winners in the rally following Trump's 2016 win , and analysts believe gains may likewise be in store this time around – especially for energy. Defense stocks could also see some gains, according to Barclays analyst David Strauss. That would be above the 14.2% rally the stock saw after Trump's first win from Nov. 7, 2016, until year's end. Among the 15 analysts covering it, 11 have a hold rating, while only two have a strong buy or buy rating.

Persons: Donald Trump's, Wells, Roger Read, David Strauss, Trump, Chris Caso, Trump's, Huntington Ingalls, it's Organizations: Dow Jones Industrial, Energy, Trump, Defense, Barclays, Semiconductor, Wolfe Research, CNBC Pro, ConocoPhillips Locations: industrials, China, Texas

☆ These are the most overbought stocks after Trump's win this week
▼ + stars: | 2024-11-08 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Several software companies could be due for a pullback after the stock market's roaring rally this week, fueled by president-elect Donald Trump's election victory as well as robust quarterly earnings reports. Shares of video game makers Take-Two Interactive Software and Electronic Arts are two of the stocks that are technically overbought right now, according to the analysis. The most overbought stock this week was human capital management software company Dayforce, with an RSI of 92.4. But higher prices and expectations of normalizing pricing, which helped Coke guide its organic revenue growth this year to the high end of a prior forecast, could lead the stocks higher. Other oversold stocks include power generation company AES , as well as radio frequency equipment maker Qorvo and Regeneron Pharmaceuticals — the latter two of which were also oversold the previous week.

Persons: Donald Trump's, Trump, Morgan Stanley, Mills, Dr Pepper Organizations: Major, Dow Jones, Nasdaq, CNBC Pro, Companies, Electronic Arts, Software, Gilead Sciences, AES, Regeneron Pharmaceuticals Locations: Major U.S, Gilead

☆ Stocks making the biggest moves premarket: Pinterest, Monster Beverage, Bath & Body Works, Trump Media & more
▼ + stars: | 2024-11-08 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Trump Media & Technology Group — Shares of President-elect Donald Trump's media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The company saw $162 million in revenue, topping the consensus expectation for $150 million. Analysts polled by FactSet penciled in 43 cents in earnings per share and $1.91 billion in revenue. Affirm lost an adjusted 31 cents per share, narrower than the consensus forecast of 35 cents, according to LSEG. Bath & Body Works — The fragrance retailer slid 2.7% in the wake of a Barclays downgrade to underweight from equal weight.

Persons: Donald Trump's, platform's, DraftKings, Sweetgreen, LSEG, Toast, StreetAccount penciling, Versace, Michael Kors, FactSet, BioNTech, Goldman Sachs, Goldman, — CNBC's Sean Conlon, Yun Li, Pia Singh, Samantha Subin Organizations: Trump Media & Technology, LSEG, Arista Networks, Arista, Capri Holdings, Capri, Beverage, Revenue, Barclays Locations: LSEG, BioNTech —

☆ Markets just had their best week all year
▼ + stars: | 2024-11-08 | by ( John Towfighi | ) edition.cnn.com time to read: +4 min

New York CNN —US stocks closed at record highs on Friday, notching their best week all year after Donald Trump’s victory in the US presidential election. Both the S&P and the Dow had their best week in a year. Investors are responding to how Trump’s victory might transform the business landscape in the US. Markets had a milestone week as investors adjusted to Trump’s victory and started to evaluate the policies touted by his campaign, such as his proposal to lower the corporate tax rate. Markets move based on investor sentiment, and the historic gains this week are not certain to last.

Persons: Donald Trump’s, Dow, ”, Michael Block, Trump, Keith Lerner, Lerner, ” Lerner, Elon Musk’s Tesla, Bitcoin, Hogan, … Organizations: New, New York CNN, Nasdaq, US, Treasury, Markets, Dow, Advisory, Federal Reserve, Trump, Trump Media & Technology, GEO, America PAC, JPMorgan, Riley Wealth Management Locations: New York

☆ Affirm beats on top and bottom lines
▼ + stars: | 2024-11-07 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Affirm , the provider of buy now, pay later loans reported better-than-expected fiscal first-quarter results. Revenue less transaction costs (RLTC) came in at $285 million, ahead of earlier guidance of $265 million to $280 million. Affirm said it expects to achieve profitability on a GAAP basis in its fiscal fourth quarter of 2025. Affirm is guiding to GMV in the range of $9.35 billion to $9.75 billion. In June, Affirm and Apple announced plans for U.S. Apple Pay users on iPhones and iPads to be able to apply for loans directly through Affirm.

Persons: Max Levchin, StreetAccount, Kevin Kennedy, Kennedy, —, Robert Hum Organizations: Revenue, Apple, U.S Locations: LSEG

☆ Stocks making the biggest moves midday: Warner Bros. Discovery, AppLovin, Wolfspeed, Lyft and more
▼ + stars: | 2024-11-07 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

The stock had popped 5.9% on Wednesday after the Republican was elected the 47th president of the U.S. Warner Bros. Lyft expects current-quarter bookings to come in between $4.28 billion to $4.35 billion, topping a FactSet consensus of $4.23 billion. Wolfspeed posted revenue of $195 million for the first fiscal quarter, missing the LSEG consensus forecast by $5 million. Arm posted adjusted earnings per share of 30 cents on revenue of $844 million for the second quarter. AppLovin also guided its fourth-quarter EBITDA of $740 million to $760 million, higher than the $667 million StreetAccount forecast.

Persons: LSEG, Donald Trump's, Armour, —, Lyft, Wolfspeed, AppLovin, Zillow, Alex Harring, Sean Conlon, Hakyung Kim, Yun Li, Lisa Kailai Han Organizations: Bros, Dutch Bros, Trump Media & Technology, Republican, U.S, Warner Bros, —, Discovery, FactSet . Arm Holdings, LSEG, Gilead Sciences Locations: Gilead

☆ Grammy nominations preview: An album of the year race that’s impossible to predict and more
▼ + stars: | 2024-11-07 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +8 min

More women have been represented in the album of the year category since it was expanded in 2019, going from 5 nominees to 8 or more. Her husband Jay-Z, reminded Grammy voters of this perceived oversight during last year’s ceremony. But the race for album of the year is just one part of what may make the 2025 Grammy Awards special. 1 on the Billboard 200, he is on track to, at the very least, earn multiple nominations on Friday. The Grammy nominations will be announced live on Friday at 10:45 a.m. EDT/7:45 a.m. PDT on the Recording Academy’s YouTube page.

Persons: Taylor Swift, Beyoncé, Billie Eilish, Ariana Grande, Sabrina Carpenter, Charli XCX, Chappell Roan, Jon Batiste, Paul Grein, ”, Swift, “ Cowboy Carter, ” Grein, she’s, Jay, Grein, “, ” Swift, “ Midnights ”, Barbra Streisand, Kendrick, Lamar, Drake, XCX, Maria M . Silva, Roan, Carpenter, Charli, it’ll, Cowboy Carter, Beyonce, don’t, Megan Thee, Slim Pickens ”, Spiritbox, Kendrick Lamar, Timothy Norris, Drake’s, Celine Dion reenters, Celine Dion’s, Celine Dion, Jon Batiste’s, Willie Nelson’s, Willie Nelson, Taylor Swift’s, Michael Webb, Lady Gaga, Malone, Morgan Wallen, this’ll, Beyonce “ Levii’s Organizations: CNN, Recording Academy, “, Poet’s Department, Storm King, Albany Times Union, Hearst Newspapers, Kia Forum, Getty, Beatles, London Palladium, Hulton Locations: New Windsor , New York, Inglewood , California, Lamar

☆ Pinterest stock plunges following weak Q4 revenue guidance
▼ + stars: | 2024-11-07 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024. Pinterest shares plunged 15% on Thursday after the social media company provided soft guidance for its fourth-quarter revenue despite beating on the top and bottom lines with its third-quarter earnings. The midpoint of the fourth-quarter guidance, $1.135 billion, trailed analyst estimates of $1.143 billion. Pinterest said it had 537 million global monthly active users in the third quarter, topping analyst estimates of 532.6 million. Its total cost and expenses for the quarter were $904 million, up 17% compared with $768 million the previous year.

Persons: Bill Ready, Pinterest, Meta Organizations: New York Stock Exchange, Amazon, Meta Locations: LSEG

☆ AppLovin, top tech stock of the year, soars another 45% on earnings beat
▼ + stars: | 2024-11-07 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

AppLovin shares soared 45% on Thursday after the online gaming and advertising company issued guidance that was well above estimates and reported better-than-expected earnings and revenue. For the fourth quarter, AppLovin sees revenue of $1.24 billion to $1.26 billion, representing growth of about 31% at the middle of the range. The company said software platform revenue in the quarter increased 66% to $835 million, driven by improvements in AXON's models. Net income in the quarter increased 300% to $434.4 million, or $1.25 a share, from $108.6 million, or 30 cents a share, a year earlier. "AppLovin continues to impress with outsized revenue growth and incredible EBITDA conversion," analysts at Wedbush wrote in a report on Thursday.

Persons: It's, AppLovin, Wedbush, Adam Foroughi, it's, Foroughi, CNBC's CJ Haddad, Unity Organizations: Revenue

☆ These S&P 500 stocks are cheap and expected to do well from here
▼ + stars: | 2024-11-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Cheap stocks still remain for investors to buy, despite the equity market persisting near its all-time highs. Strong economic growth and the commencement of an interest rate reduction cycle have propelled stocks to new heights this year, with the benchmark S & P 500 index up 21% in 2024, as of Tuesday's close. CNBC Pro recently screened data from LSEG to find the stocks in the S & P 500 that are currently priced at a discount and could see outperformance going forward. Industrial company 3M has already risen 38% this year but could climb another 15%, according to its average price target. Other names on the list of cheap but promising stocks included technology titan Alphabet , conglomerate Berkshire Hathaway and airline carrier United Airlines .

Persons: Wells Fargo, TD Cowen, Ryan Langston Organizations: Dow Jones Industrial, Nasdaq, CNBC Pro, Citigroup, Universal Health Services, SDP, Universal Health Services . Industrial, 3M, LSEG, Berkshire Hathaway, United Airlines Locations: Monday's

☆ Stocks making the biggest moves after hours: Qualcomm, HubSpot, Lyft, Bumble and more
▼ + stars: | 2024-11-06 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Qualcomm reported adjusted earnings of $2.69 per share on $10.24 billion in revenue. Wolfspeed — The semiconductor manufacturer tumbled 17% after missing revenue expectations and offering weak guidance for the current quarter. Wolfspeed generated revenue of $195 million in the first fiscal quarter, missing the consensus estimate of analysts polled by LSEG by $5 million. The company said to expect between $160 million and $200 million in revenue during the current quarter, under the $215 million figure expected. HubSpot saw $2.18 in adjusted earnings per share on $669.7 million in revenue, while analysts polled by FactSet forecast $1.91 in earnings per share and $647 million in revenue.

Persons: LSEG, HubSpot, Lyft, Robin, SolarEdge, Donald Trump, Bumble —, Zillow, Darla Mercado, Jesse Pound, Samantha Subin, Sean Conlon Organizations: Qualcomm, Arm Holdings, LSEG, FactSet, Technologies, Bros, Revenue Locations: FactSet, StreetAccount, LSEG

☆ Elevator test towers: The skyscrapers where nobody lives
▼ + stars: | 2024-11-06 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

Elevator test towers can go higher still. Elevator test towers are “a bit like a test track for a Formula One team,” said Tomio Pihkala, chief technology officer at Finnish elevator manufacturer Kone, in a phone interview. Like all skyscrapers, elevator towers need to withstand strong winds that can cause swaying and affect test conditions. The resulting oscillation simulates wind and earthquakes, which are among the biggest challenges in elevator development, according to TK Elevator. One of TK Elevator's test towers in Atlanta, Georgia.

Persons: It’s, Sebastian Gollnow, ”, Tomio Pihkala, Xia Yu, ” Pihkala, “ It’s, “, Kone, TK, ” Beate Höhnle Organizations: CNN, Getty, New York, Trade Center, Atlanta —, Battery, Atlanta Braves, Hitachi, New York City —, Formula, Kone Locations: Black, Rottweil, New, Atlanta, Zhongshan, China, of, Guangzhou, New York City, LA, Taipei, Hyvinkää, Finland, Kunshan, Tytyri, Atlanta , Georgia, Swiss

☆ Stocks making the biggest moves premarket: Tesla, DJT, CVS Health, Dollar Tree and more
▼ + stars: | 2024-11-06 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Crypto stocks – Shares of Coinbase surged 12% as investors cheered the prospect of a more supportive regulatory environment for cryptocurrency businesses under a second Donald Trump presidency. Bank stocks — Shares of banking stocks soared in premarket trading after Donald Trump's victory spurred investor optimism that the sector could see less regulation . CVS Health — Shares rose 7.5% after CVS posted mixed third-quarter results , citing higher medical costs that weighed on net income. Clean energy stocks — Shares of renewable energy and solar companies slid on worries that Trump's second term could imperil the Inflation Reduction Act and measures to fight climate change. Dollar Tree , Five Below — Shares of Dollar Tree slipped 1.6%, while Five Below moved down 9%.

Persons: Donald Trump, Donald Trump's, Goldman Sachs, Wells Fargo, SunRun, FirstSolar, Wegovy, Trump, CoreCivic, Dan Ives, Tesla, — CNBC's Michelle Fox Theobald, Tanaya Macheel, Brian Evans Organizations: MicroStrategy, Bank, —, Citigroup, Bank of America, Trump Media & Technology, Republican, CVS, Enphase Energy, Novo Nordisk —, GEO Group, Elon, Trump, Wedbush Securities, Tilray, Aurora Cannabis, National Retail Federation Locations: FactSet, Novo Nordisk — U.S, Danish, U.S, Florida, Canada, China

☆ 'the Menendez Brothers' Netflix Doc Director: Lyle and Eric Should Be Freed
▼ + stars: | 2024-11-05 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +7 min

But amid a sea of Menendez content, Alejandro Hartmann's new Netflix documentary has one thing most Menendez docs don't: both brothers telling their story in their own words. 'The Menendez Brothers' director says being a foreigner helped him offer a fresh perspective on a decades-old caseErik Menendez and his brother Lyle Menendez at a pre-trial hearing in 1992. Related storiesHe also used his outsider status to woo Lyle Menendez, whom he knew would be the more difficult brother to secure for an interview. He now believes the Menendez brothers should be freedErik Menendez with his attorney Leslie Abramson and his brother Lyle Menendez during their trial. "The Menendez Brothers" is now streaming on Netflix.

Persons: Jose, Kitty Menendez, Lyle, Erik, they've, Ryan Murphy's, Alejandro Hartmann's, Menendez, Richard J, It's, Barbara Walters, Pamela Bozanich, Hartmann, Menendez Brothers, Erik Menendez, Lyle Menendez, Vince Bucci, wasn't, Harmann, He's, Nicholas Chavez, Chloë Sevigny, Javier Bardem, Cooper Koch, Edie Falco, Leslie Abramson, Ryan Murphy, it's, he'd, Ted Soqui, George Gascón, I'm Organizations: Netflix, Donovan Correctional Facility, Business, NBC, Nielsen, Getty, Los Angeles District Locations: Menendez, San Diego, Argentina

☆ I tried 10 ways to make frozen fries better, and there are 9 hacks I'd absolutely do again
▼ + stars: | 2024-11-05 | by ( Chelsea Davis | ) www.businessinsider.com time to read: +14 min

I tried 10 chef-approved tips for making frozen french fries taste better to see which I'd do again. To see which upgrades are best, I tried out chef-approved hacks for making frozen fries better. Right off the bat, I knew I had to choose my frozen fries wiselyThe thickness of the crinkle fries is ideal for heartier toppings. The zesty, cheesy flavors made these fries really stand out, and I look forward to adding different seasonings and spices to my frozen fries in the future. This is an excellent cheap dinner idea since I only needed a can of chili, cheese, and frozen fries.

Persons: —, Chelsea Davis, RJ Harvey, I'd, fryer, Lauren Koeppe, Koeppe, Chef Jose Mendoza, Mendoza, cheesiness, would've, Fries, Harvey, Chef Mendoza, they'd Organizations: Service, Potatoes USA, Chelsea Locations: Chef Jose Mendoza of, California, Mendoza, Mexican

Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of "lower crude oil prices and weakening refining margins," but maintained a 31.05 billion dividend. The company reported net income of $27.56 billion in the July-September period, topping a company-provided estimate of $26.9 billion. The print is also a 5% drop from the previous quarter, which came in at $29.1 billion, as lower global oil prices, weaker demand and prolonged OPEC+ production cuts led by Saudi Arabia continue to impact crude prices. Earnings before Interest and Taxes (EBIT) came in at $51.45 billion in the third quarter, down 17% year-on-year. The earnings align with a broader trend across oil majors, whose third-quarter profits have also suffered from declines in crude prices and refining margins.

Organizations: Aramco, Al Locations: Saudi, Saudi Arabia, Al Rajhi, OPEC

☆ Palantir shares jump 23% to record on uplifting guidance
▼ + stars: | 2024-11-05 | by ( Todd Haselton | ) www.cnbc.com time to read: +2 min

Palantir shares jumped 23% on Tuesday and headed for a record close after the data analytics software maker reported robust third-quarter results and issued uplifting revenue guidance. If the gain holds, it will mark the stock's biggest jump since Feb. 6, when shares popped 30%. Revenue climbed 30% to $726 million from a year earlier, topping the $701 million average analyst estimate, according to LSEG. Net income of $143.5 million, or 6 cents per share, was up from $71.5 million, or 3 cents per share, in the same quarter a year ago. Palantir is targeting more than $687 million in U.S. commercial revenue for the year, implying about 24% of the total.

Persons: Alex Karp, Palantir, LSEG, Jordan Novet, Michael Bloom Organizations: Palantir, Bloomberg, Revenue, Deutsche Bank, Bank of America Locations: Palo Alto , California

☆ Bernstein upgrades shares of eBay, says buy the post-earnings dip
▼ + stars: | 2024-11-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

Bernstein thinks investors shouldn't give up on eBay despite a recent sell-off. For 2026, Devnani thinks that can expand to 3%. With earnings per share and margins set to expand as a result of this, the analyst believes that a recent sell-off provides an attractive entry point for investors. EBAY YTD mountain EBAY, year-to-date Last week, the stock fell 8% on the heels of a weaker-than-expected forecast for the current quarter . Of the 34 analysts covering eBay, 22 have a hold rating on it; 10 others rate it a buy or strong buy.

Persons: Bernstein, shouldn't, Nikhil Devnani, Devnani Organizations: eBay, EBAY

☆ 10-year yield to 4.5%? Rates could also see a big move on the election outcome
▼ + stars: | 2024-11-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The bond market, which has already seen dramatic moves leading up to the U.S. presidential election, could see even bigger price action depending on the outcome. One big theme investors are considering is the possibility of a Donald Trump win and higher bond yields that could follow. "I expect them to be worried that Trump would enact all those tax cuts, and I think bond yields would rise." US10Y 3M mountain 10-year Treasury The benchmark 10-year Treasury yield surged 50 basis points in October, marking the biggest monthly increase since September 2022. "There is room for rates to move in either direction depending on [the] election outcome."

Persons: Donald Trump, Trump, Jeremy Siegel, Kamala Harris, Stephanie Roth, Roth, Siegel Organizations: U.S, Treasury, Federal Reserve, White, Republican, Senate, Wharton School, University of Pennsylvania, Trump, Wolfe Research

In October, the Centers for Disease Control and Prevention recommended that high-risk adults get a second updated Covid vaccine to bolster their protection against the virus. No other vaccines are given at such a high frequency, but experts say there’s no reason to believe that the vaccines — and in particular, the mRNA vaccines from Pfizer and Moderna — aren’t effective. Pfizer’s and Moderna’s vaccines were the first to use mRNA technology to induce immunity to a virus, an approach that proved critical in the early days of the pandemic because mRNA vaccines can be developed much faster than traditional vaccines. Despite the CDC recommending an additional shot, there’s no evidence that the mRNA vaccines aren’t working as expected, said Akiko Iwasaki, a professor of immunology at the Yale School of Medicine. In a perfect world, the Covid vaccines would be able to be updated much faster to match the strains in circulation.

Persons: Akiko Iwasaki, Iwasaki, —, ”, Ashish Jha, ” Jha, “, Jha, I’ve, “ Topping, John Wherry, ” Wherry, Anna Durbin, ” Durkin, we’ll Organizations: Centers for Disease Control, Pfizer, Moderna, CDC, Yale School of Medicine, Emory University, Brown University School of Public Health, White, University of Pennsylvania, Johns Hopkins University School of Medicine

☆ The China threat and the EV slowdown— 2 takeaways from a busy few weeks in auto news
▼ + stars: | 2024-11-03 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

A price war in China poses a threat to profitability. Amid the flurry of news, two themes stand out: the China threat and EV slowdown loom large for automakers. AdvertisementAnother EV price war threatens profitabilityIn China, the world's largest auto market, EV leaders BYD and Tesla are engaged in a bitter price war that initially weighed heavily on BYD's bottom line. The Chinese EV market is more competitive than ever, according the GM's Barra, who questioned the sustainability of a broader price war in the region driven by an uptick in Chinese EV startups selling inexpensive vehicles. Inexpensive Chinese EVs have long threatened the US EV market.

Persons: —, It's, Ford, Tesla, China's, Mary Barra, Barra, Mark Ford, he's Organizations: Service, Ford, Volkswagen, VW, EV, Companies, Power, Dealers Locations: China, Germany, Europe, BYD

America PAC has been tasked with much of the pro-Trump canvassing operation as his campaign focuses its efforts on a more limited effort targeting so-called low-propensity voters. “I know it’s been flagged for America PAC that this has been transpiring,” an operative formerly on the effort said. As some of that data spilled into public view last month, an operative close to the effort said: “All hell has broken loose” inside the PAC. Through late October, America PAC had spent upward of $54 million on Blitz’s services, according to Federal Election Commission filings — more than the PAC has on the three other vendors combined. America PAC ended its relationships this summer with two other prominent GOP-aligned canvassing firms that were knocking on doors as part of its effort.

Persons: they’re, Donald Trump’s, Trump, canvassers, ” Drew Ryun, Chris Turner, Jefferson Thomas, Josh Penry, Jon Seaton, ”, ‘ There’s, Ron DeSantis ’, Elon Musk, Phil Cox, “ isn’t, Turner, Thomas, Penry, Seaton, baselessly, ‘, ‘ Donald Trump, ’ ‘, it’s, Alysia McMillan, I’ve, “ We’re, we’ve, Helene, “, “ I’m, David Plouffe, Kamala Harris ’, “ Elon Musk, Elon Organizations: Republican, Elon, America PAC, NBC News, Trump, NBC, telltale, PAC, Patriot Grassroots, Synapse Group, Echo Canyon Consulting, Florida Gov, Musk’s, America, Patriot, Synapse, . America PAC, GOP, Blitz, The Guardian, Reuters, ”, CNN, Nelk Boys YouTube Locations: Nevada and Arizona, Florida, Nevada , Michigan, Arizona, North Carolina, . In Nevada, America, Nevada, ”, Wisconsin, Iredell County, Charlotte

☆ Amazon shares jump 7%, approach record after earnings beat
▼ + stars: | 2024-11-01 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Amazon shares jumped 7% on Friday and neared an all-time high after the company reported better-than-expected earnings, driven by growth in its cloud computing and advertising businesses. Revenue increased 11% in the quarter to $158.9 billion, topping the $157.2 billion estimate of analysts surveyed by LSEG. Sales in the Amazon Web Services cloud business increased 19% to $27.4 billion, coming in just shy of analysts' estimates, according to StreetAccount. That was an acceleration from 12% a year ago, but trailed growth at rivals Microsoft and Google , where cloud revenue increased 33% and 35%, respectively. The midpoint of that range, $185 billion, fell short of the average analyst estimate of $186.2 billion, according to LSEG.

Persons: Roth MKM, Brian Olsavsky, Andy Jassy, Jassy, we're, — CNBC's Ari Levy Organizations: Amazon, Revenue, LSEG, Services, Microsoft, Google, Nvidia, Meta

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