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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America sees Apple Intelligence opening up new ways to monetize and attract new install baseWamsi Mohan, BofA Securities senior IT hardware analyst, joins 'Money Movers' to discuss how Mohan is thinking about Apple's new AI, any indication if Apple is pursuing Apple Intelligence monetization, and much more.
Persons: Mohan Organizations: Email Bank of America, Apple Intelligence, BofA Securities, Apple
Piper Sandler upgrades Accenture to overweight from equal weight Piper upgraded the IT company following its earnings report. Goldman Sachs reiterates Costco as buy Goldman says it's sticking with the stock following earnings on Thursday. Citi downgrades Dollar General to sell from neutral Citi says it sees too many competitive challenges. JPMorgan adds Best Buy to the focus list JPMorgan says it sees an "improving product cycle" for Best Buy. Bank of America downgrades HP to neutral from buy The firm says it sees slowing earnings per share growth.
Persons: Morgan Stanley, Wynn, Piper Sandler, Piper, Goldman Sachs, Goldman, it's bullish, it's, Raymond James, Mercado, Roth MKM, Roth, Cantor Fitzgerald Organizations: Wynn Resorts, Deutsche Bank reinstates Dell, Deutsche, DELL, NASDAQ, Costco, " Bank of America, Apple, Bank of America, Apple Intelligence, UBS, Vista Energy, Citi, Pepsi Citi, Catalyst, Walmart, Cava, Mercado Libre, JPMorgan, Chesapeake Energy, Barclays, Netflix, HP Locations: UAE, Macau, BMBL, CAVA, HPQ
Southwest Airlines introduces premium seating with extra legroom to boost revenue. Southwest said Thursday that about a third of its planes will get extra-legroom seats that boast at least five inches of extra pitch. Southwest is adding some typical industry perks to its planes, like inflight power and extra legroom seats. Southwest Airlines"On our larger aircraft, we didn't have to give up any seats," Southwest executive vice president for commercial transformation Ryan Green said during Thursday's Investor Day. AdvertisementIts future 737 Max 7 will have 48 extra legroom seats, also with 34 inches.
Persons: , Ryan Green, you'd, Green, Max, Kevin Carter Organizations: Southwest Airlines, Service, Airlines, Boeing, Max, Southwest Airline Boeing, JetBlue Airways Locations: Southwest, Chicago
Finally, and most importantly, for the subject for this week's podcast, he's the Esports World Cup CEO. So if I would have any idea, any understanding on video games, right, I would watch that too. There's always a clear qualifying way to go to the Esports World Cup, right? I mean, in stadiums, security is being paid by the state for big competition, like a World Cup, right? Arjun KharpalAnd Ralf are you likely to keep the Esports World Cup in Saudi if you renew this next year?
Persons: Ralf Reichert, CNBC's, Tom Chitty, Reichert, Paris, Ralf Reichart, you've, it's, Arjun Kharpal Ralf, I've, I'd, There's, Arjun Kharpal, we're, haven't, Ralf Reichart It's, what's, Tom Chitty Ralf, What's, I'm, esports, we've, We've, Ralf, Ralf Reichart I'd, that's, Arjun, Tom, we'll Organizations: Sports League Gaming, MLS, Premier League, esports, Saudi Locations: esports, Riyadh, Saudi, German, Gothenburg, Sweden, Bangladesh, China, East, Africa, Saudi Arabia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe plan to monetize every aircraft delivery, says Southwest CEO Bob JordanSouthwest CEO Bob Jordan joins 'Closing Bell Overtime' and CNBC's Phil LeBeau to talk its three-year plan, battling with activist investors, recent troubles at Boeing and more.
Persons: Bob Jordan, Phil LeBeau Organizations: Boeing
In 2023, it announced it would be expanding to Kenya, with a rollout of 1.2 million electric vehicles. Around the world, transport startups are embracing electric vehicles, and those in Africa are no different. In 2023, it announced it would be expanding to Kenya, with a rollout of 1.2 million electric vehicles. Uncover , a Kenyan skincare brand, says it wants to fill this gap by providing healthy cosmetics that put African women first. ‘‘We want to be the Airbnb of vehicle rentals in Africa and ultimately the world,” Arinze says.
Persons: Chinazom Arinze, ” Arinze, , Spiro, Clement Di Roma, Simon Maina, Prince William’s, James Oatway, there's, Edwin Maina, Arinze, , Autogirl, hasn’t, she’s, , , Airbnb, Organizations: CNN, Babcock University, Getty, Reeddi Technologies, The Royal Academy of Engineering, Kenyan, Hertz, Hyundai, Lexus Locations: Nigeria, Benin, Kenya, Africa, AFP, China, Cameroon, Rwanda, Ghana
Vox Media has also doubled down on investing in podcasting and is helping its podcast creators expand into live events. Jackie Cinguina, chief marketing officer, and Lillian Xu, executive director, spoke with BI about the company's offerings for podcast creators. Vox Media leans on specific marketing, like placing podcast talent into larger in-person events to perform, like South by Southwest. "From an audience standpoint, we thought it was really important," Xu said about bringing back live events. You see them react to the audience and feed off of them when they are in front of a live audience."
Persons: , Cary, Michael Huang, Cary Huang, Huang, Tana Mongeau, Brooke Schofield, Jake Shane, Ethan, Hila Klein, Mongeau, Schofield, Hugo Amsellem, it's, Jenna Bandy, Bree Green, Carson Roney, Alex Sheinman, Claire Parker, Ashley Hamilton, Parker, Hamilton, cohost Claire, Dan Howell, Phil Lester, Howell, Lester, Ariana Nathani, Jackie Cinguina, Lillian Xu, Cinguina, Vox, Xu, they're, Delia Cai, Hunter Harris, Emilia Petrarca, Sophia Efthimiatou, Efthimiatou Organizations: Service, Saban Media Center, Disney, Nickelodeon, YouTube, Business, Dolby Theatre, Snapback Agency, Snapback, of, Creators, Netflix, Vox, Vox Media, BI, Southwest, IRL Locations: Hollywood, LA, America, of America, York, Hamilton, South
Some Wall Street analysts and money managers see a path to monetization ahead for Apple 's latest artificial intelligence features despite some near-term rollout headwinds. Earlier this month, the technology behemoth debuted its iPhone 16 , incorporating its new AI features known as Apple Intelligence. While including Apple Intelligence as a paid tool may not be on investors' radar, some see a strong case for a future added cost down the road. AAPL YTD mountain Apple shares in 2024 The setup with Apple Intelligence could resemble the company's Apple TV debut, notes CFRA Research analyst Angelo Zino. The portfolio manager also sees an avenue for third-party developers to draw on Apple's AI features to improve their offering.
Persons: Craig Moffett, Moffett, Angelo Zino, Zino, Gene Munster, Apple, OpenAI's, John Belton Organizations: Street, Apple, Apple Intelligence, Meta, Deepwater Asset Management Locations: Europe, China
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, we've, Jensen Huang, Huang, Oppenheimer, , We've, Cintas, Jim Cramer's, Jim Organizations: CNBC, China, Tech, Nvidia, Devices, Broadcom, Jim Cramer's Charitable
AI stocks surged after the Federal Reserve's 50 basis point rate cut. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The tech-heavy Nasdaq 100 soared nearly 3% on Thursday, while the underlying AI trade saw even bigger gains. Investors in the stock market's AI trade can thank Fed chairman Jerome Powell for Thursday's risk-on surge in tech, according to Wedbush analyst Dan Ives. AdvertisementIves said that while the AI trade has mainly been focused on Nvidia and Microsoft, other companies are starting to join in on the fun.
Persons: Dan Ives, , Jerome Powell, Ives Organizations: Federal, Nasdaq, Nvidia, Broadcom, Service, Federal Reserve, Investors, Big Tech, Microsoft, Oracle, Dell, IBM, APple Locations: Asia
YouTube will also integrate generative AI text and image output into an “Inspiration” feature for creators, which is intended to feed them suggestions and examples for video content. Mohan said that 92% of YouTube creators already use AI tools. The new AI video creation tool is called “Veo.” Creators will input text prompts to create AI images, which can then become the basis of the six-second clips. Mohan teased it with an AI-generated video of a dog and a sheep becoming friends. YouTube is the latest platform to announce AI-generated video capabilities, following demos from OpenAI of their text-to-video technology Sora.
Persons: Neal Mohan, Mohan, , Sarah Ali, Sora, Ali, DeepMind, Vivien Lewit, monetize, livestream Organizations: YouTube, NBC News, Microsoft, Meta, Google, Shorts Locations: Google’s Manhattan
Artificial intelligence is expected to transform the way companies do business, including those in financial planning and investment management. That means financial advisors need to get onboard or risk being left behind. Of course, financial advisors have been using some technology, like financial planning software, for years. Still, AI will help financial advisors do their jobs better — not necessarily put them out of work. What to do Nexus Strategy's Welsh believes financial advisors should begin getting comfortable with current AI capabilities.
Persons: Craig Iskowitz, Anthropic's Claude, Vincent Gudsdorf, Leo Kelly, Verdence, Kelly, Timothy Welsh, Welsh, Iskowitz, That's, Verdence's Kelly, It's Organizations: Ezra Group, AIs
But his plan had always been to retire early. At 50, he could retire early, and have plenty of time to do whatever he wanted. AdvertisementThe author wearing the diamond studs her father bought for her, which she almost never takes out. That old designer diaper bag now serves as my laptop bag, a reminder of everything I learned from my dad. I plan to slow down as I age, but I don't plan on ever retiring.
Persons: , I've, Rebekah Sanderlin, would've, hadn't, wouldn't, he'd, Christal Marshall, I'm, Jane Zhang Organizations: Service, Business, Sam's Club, Affordable, Medicare Locations: Hawaii
There are 4.2 billion social media users around the world, according to linking tool company Linktree's 2022 Creator Report. Williams has been a full-time creator since quitting her previous job as a data analyst in 2022. Williams usually starts working around 8 a.m., including emails, video editing and planning content. Their Facebook page has 5.7 million followers, their TikTok has 6.1 million followers and their YouTube page has 634,000 followers. There's not a single content creator I've ever talked to that hasn't dealt with online abuse."
Persons: they're, Victoria Bachan, Taylor Lorenz, it's, Hannah Williams, Williams, Caroline Lasher, Lasher, She'll, videographer, she'll, Leslie Mosier, Doug, Pug, Lorenz, There's, I've, hasn't, She's, she's Organizations: Whalar, NeoReach
But around a year and a half ago, she decided to pursue what she calls a "portfolio career." Anna Mackenzie has a portfolio career and likes the variety of gigs she can do with this type of work. Mackenzie SweetnamJanel Abrahami, who also has a portfolio career, doesn't see workers going back to how work was before the pandemic. Some people may take on a freelance job or work more than one job to kick off their portfolio career. AdvertisementThe pros and cons of a portfolio careerMackenzie and Abrahami both think a portfolio career isn't for everyone.
Persons: , Anna Mackenzie, Mackenzie, Mackenzie Sweetnam Janel Abrahami, doesn't, it's, divesting, Abrahami, Janel Abrahami, Janel Abrahami Mackenzie, who've, who's, " Mackenzie Organizations: Service, Business Locations: New Jersey, Australia
You spot an entrepreneur who built a massive audience on social media by posting attention-grabbing content after studying algorithms and trends. Sounds like YouTube's top creator MrBeast (Jimmy Donaldson), right? It also sounds a bit like BuzzFeed cofounder Jonah Peretti, says Sam Lessin, general partner at the VC firm Slow Ventures. Both built large followings on social media by posting viral, general-interest content, Lessin said. "BuzzFeed was wrong to believe that you could growth hack your way to a valuable audience, and that audience, if it was really big, would be really valuable," Lessin said.
Persons: , They've, MrBeast, Jimmy Donaldson, Jonah Peretti, Sam Lessin, Lessin, BuzzFeed, it's, It's, He's, Rex Woodbury, they're Organizations: Service, VC, Slow Ventures, Business, YouTube, Facebook
The partnership and potential future deals could boost both retailers taking a hit as consumers pull back discretionary spending, and legacy media companies that have tried to maintain profits in a challenging landscape. Paramount's partnership with Shopsense was a key component of its Upfront presentation in May, a time when media companies make their annual pitch to advertisers. The agreement comes as legacy media companies look to generate new revenue streams and find different ways to monetize their content. While media companies have relied on ad revenue for some time, it's become more important as they look to make their streaming businesses profitable. Legacy meets AIAdvertisers and media companies have been leaning into generative AI tools, such as shoppable advertising.
Persons: MTV VMAs, they'll, Shopsense, Everyone's, Bryan Quinn, Shopsense's, it's, Natalie Bastian, Bastian, Laura Taylor, John Halley, Halley, Glenn Fishback, Quinn Organizations: MTV, Paramount Global, CNBC, Paramount, Amazon, Skydance Media, Disney, Gateway, Goodway Group, Paramount Advertising
But if you think there's a lot of AI content on TikTok today, buckle up. The output rate ranges anywhere from three auto-posted videos a week to 120 videos a month for a single TikTok or YouTube account. The company charges $30 a month for daily AI-generated videos and $45 to post twice a day. An example of an AI-generated video provided by Faceless.video cited Bible verse Isaiah 41:10 and got thousands of "likes." "My view is that YouTube, TikTok, Instagram, they're not going to really show organically a lot of automated AI content," Sanket Shah, CEO of the video-creation platform Invideo, told BI.
Persons: , Jesus, Instagram's, It's, Faceless.video, Jacob Seeger, Seeger, TikTok, they're, Shah Organizations: Service, Facebook, Business, YouTube
While it might look like there's a flurry of advertising hiring, industry insiders say the reality is more sobering. AdvertisementLegacy media companies have sharply cut staff in recent years, including sales, and those jobs aren't coming back. Disney has said it plans to automate half its ad sales. "The number of good job opportunities are few and far between because the large media companies are not hiring as quickly. "Ad sales is no longer ad sales," said Gary Stolkin, global CEO of The Talent Business, a global executive search firm specializing in the creative industries.
Persons: , they've, Jean, Paul Colaco, aren't, Dave Morgan, Lisa Valentino, David Lawenda, David Zaslav, David Ellison's, Christopher Vollmer, Simon Francis, Peter Naylor, Brian Lesser, Lesser, WPP's, Roku, Harry Kargman, Kargman, Krishan Bhatia, Gary Stolkin, Stolkin, who's Organizations: Service, Netflix, Business, Disney, Paramount, Warner Bros, NBA, Companies, MediaLink, TV, Media, Flock Associates, Progressive, Mobile, The Talent Locations: Teads, NBCUniversal
The long-awaited Google-DOJ showdown focuses on the $31 billion portion of Google’s ad business that matches website publishers with advertisers. “One monopoly is bad enough, but a trifecta of monopolies is what we have here,” said Wood, the DOJ attorney, referring to Google’s publisher ad server business, its advertising exchange AdX, and its advertiser ad network. Authorities have called for that group of businesses within Google — which is distinct from Google’s search or search ads business — to be broken up. Factoring in those other sources of competition drops Google’s share of the ad exchange market from 34% to 17%, said Dunn, Google’s attorney. Still, a breakup of Google’s ad tech business could potentially trigger a shakeup of the digital advertising industry and Google’s role within it.
Persons: , ” Julia Tarver Wood, Leonie Brinkema, , , Karen Dunn, Google’s, Kamala Harris, Donald Trump, Albert V, Alex Wong, Tim Wolfe, DOJ’s, Wood, ” Wood, Trump, Dunn, Google, Clinton, Brinkema, Neal Mohan, ” It’s Organizations: CNN, Google, US Department of Justice, DOJ, Biden, Blockbuster, Justice Department, Bryan United, Courthouse, The Justice, Gannett, USA, Army, Authorities, Meta, Microsoft, Netflix, Big Tech, Court, Eastern, of, Justice, Comcast, Disney, The New York Times, YouTube Locations: Virginia, Google’s, Alexandria , Virginia, of Virginia
In 2023, mass-tort lawyers spent $152 million on TV ads and millions more on social media. The data provider X Ante estimated that in 2023, mass-tort lawyers spent $152 million on TV ads and millions more on social media. The decades that followed mass torts' onset on the national stage showed the big risks and big rewards of mass torts. AdvertisementIn a class action, a settlement is public, and the judge has to approve the lawyers' fees. But others are confident that indebted mass-tort lawyers can bounce back from a few bad bets.
Persons: Mike Papantonio, Pap, Johnson, Paul Cody, Bayer, Chris Seeger, audibles, Budd, Ness Motley, Motley Rice, South Carolina —, doling, Seeger, Wyeth, Phil Federico, Paul Hanly who'd, Federico, Lejeune, who've, Camp Lejeune, mack, Curt Miner, I've, Don Worley, Worley, , Daniel A, Mark Lanier, wouldn't, Elizabeth Chamblee Burch, Burch, Ellen Relkin, Merck, Vioxx, There's, Lucian Pera, Keller Postman, Jeremy Troxel, Keller, Troxel, Michael McDonald, Warren Postman, Postman, Kelsey Vlamis, Jack Newsham Organizations: Wynn, Vegas, Camp Lejeune, pharma, Supreme, X, Pfizer, Defense, Marines, Veterans, Foreign, US Marine Corps, Johnson, University of Georgia, Business, Intuit, Rihanna, Morning Investments, Fortress Investment, Gramercy Funds, Deepwater, Investments Locations: Camp, Texas, South Carolina, Baltimore, North Carolina, Camp Lejeune, America, Beverly Hills , California, nonbanks
It could have happened, too, to Nigel Ford, who became briefly famous for hitting a woman's car in an angry showdown over a parking spot. But, she told Business Insider, she didn't want to judge her employee for a clip spreading online. "He told me that he was waiting for a parking spot, and someone swooped in and got it," Saunders-Green said of Ford. "It pissed me off because, number one, I'm 50 years old and menopausal, and I'm a Black woman," Saunders-Green said. Danesh said he didn't watch Saunders-Green's video and has "no interest" in it, though he said she has every right to her opinion.
Persons: , Nigel Ford, Deena Saunders, Saunders, California's, Ford, We're, Green, Danesh, Manuela, TikTok Organizations: Service, Business, Green, Ford, Green Pines Media, Social Locations: Newport Beach , California
U.S. adults will wager $35 billion this NFL season, according to projections from the American Gaming Association. Since last NFL season, Maine, North Carolina and Vermont have allowed sports betting operators to launch in their states. "The NFL season is our biggest acquisition period of the year," said Christian Genetski, president of FanDuel, the nation's leading sportsbook. Since then, Fanatics Sportsbook acquired PointsBet's U.S. operations and technology, which is now fully integrated. It first launched in November last year, smack in the middle of NFL season.
Persons: Joe Milton III, Kyu Blu Kelly, Scott Taetsch, Churchill, Christian Genetski, FanDuel, It's, Michael Rubin's, Sportsbook, Pavlo Gonchar, Matt King, King, DraftKings, Penn, Jay Snowden, Gabby Jones Organizations: New England Patriots scrambles, Getty, American Gaming Association, National Football League, NFL, International, Caesars, MGM Resorts, New York Stock Exchange, Rush Street Interactive, FanDuel, YouTube, PointsBet's, Lightrocket, CNBC, Penn Entertainment, ESPN Bet, Disney, ESPN, Bloomberg Locations: Landover , Maryland, Maine, North Carolina, Vermont, Florida, Washington, Penn, Entain, New York
Could a dating app that's built around setting up an actual date help? First Round's on Me is a new dating platform founded by husband-wife duo Joe and Hannah Feminella. The two are actually a Hinge success story, Joe told Business Insider. Fundraising is a bit like dating, it turns out, Joe told BI. FROM is growing at a time when other newcomers in the dating and social space are emerging as well.
Persons: , Joe, Hannah Feminella, Hannah, Let's, There's, — Tinder Organizations: Service, Business, Manna Property, IRL Locations: DMs
AI researcher Anima Anandkumar highlights the role of AI in weather, climate, and medical design. She formerly worked at Nvidia on machine learning research and now spearheads Caltech's AI research. The former Nvidia senior director of AI research and Amazon Web Services alum spent decades working at the forefront of AI algorithms and helped make Nvidia's FourCastNet weather simulator available as open source. I see that as the golden age of open research where even in industry, you could open source, you could publish, you could freely collaborate. To me, my goal to be having a dual appointment was to really enable open research and do that for beneficial tasks.
Persons: , Anima, Anandkumar, fluidly, I've, ChatGPT, I'm, it's, Gavin Newsom, That's Organizations: Nvidia, Service, Web Services, Caltech, Business, Big, Big Tech, AWS, TED, Gov Locations: Big Tech, California
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