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Citi lowered its price target on Micron Technology ahead of earnings. The analyst downgraded the solar photovoltaic system stock to underperform from hold and lowered its price target to $17 per share from $27. The firm upgraded the biotechnology stock to buy from hold and raised its price target to $150 per share from $95. The firm initiated coverage of the personal computing and technology stock with an outperform rating and a $135 per share price target. "Shopify holds a significant advantage in the social ecommerce space, with its breadth of direct social media integrations that are crucial for social ecommerce," Ball added.

Persons: Jefferies downgrades SolarEdge Jefferies, Dushyant Ailani, Brian Evans, BioNTech Jefferies, Jefferies, BioNTech, Akash Tewari, Vijay Rakesh, DELL, — Brian Evans, Dominic Ball, Ball, Shopify, Christopher Danely, Danely, Fred Imbert, ~$ ( ~ $ ~$) Organizations: CNBC, Tuesday, Citi, Micron Technology, Jefferies, BNT327, Mizuho, Dell, Mizuho Securities, Micron, MU Locations: Europe, 2024E, China, Monday's

☆ Here are Tuesday's biggest analyst calls: Nvidia, Palantir, Amazon, Shopify, Walmart, Microsoft, Palantir, Tesla & more
▼ + stars: | 2024-09-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Amazon as buy Bank of America said it's sticking with its buy rating on Amazon following CEO Andy Jassy's letter to employees on Monday. Bank of America adds Palantir to the US1 list Bank of America added the stock to its top picks list. Bank of America reinstates Carvana as buy Bank of America resumed coverage of Carvana and upgraded it to buy saying it sees accelerating growth. Bank of America upgrades Hewlett Packard Enterprise to buy from neutral Bank of America said shares of the company are "attractive." Bank of America upgrades GE Vernova to buy from neutral Bank of America said it sees a "power surge" for the stock.

Persons: Oppenheimer, Andy Jassy's, Andy Jassy, Bernstein, Tesla, underperform Bernstein, Redburn, LSCC, Ford Tamer, Mizuho, DELL, Morgan Stanley, Virgin, Jefferies, it's bullish, JEF, ARMK, Baird, BTIG, " Jefferies, SolarEdge Organizations: Nvidia, " Bank of America, Bank of America, Semiconductor, Stifel, Board, Dell, JPMorgan, ViaSat, United Airlines, Viasat, IFC, Virgin Galactic, Virgin, Citi, UBS, APP, RBC, Baird Conference, Burger, Walmart, Technologies, Healthcare, Barclays, D, WEC, Hewlett Packard Enterprise, of America, Hewlett, Packard Enterprise, GE, Gas Power Services Locations: Europe

☆ A growth stock showing signs of a breakout even as investors rotate out of group before Fed
▼ + stars: | 2024-09-17 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

I wonder if this is collectively the same group that doubted the bull market when it was rallying on narrow breadth led by the Mag 7. Today we'll revisit Meta (META) , the second largest market cap name in the sector behind Alphabet. I currently hold a 7% target allocation in my Tactical Alpha Growth (TAG) portfolio and a 2% target allocation in my Strategic Income & Growth (SIG) portfolio at Inside Edge Capital. -Todd Gordon, Founder of Inside Edge Capital, LLC DISCLOSURES: ( Gordon owns META in his wealth management company Inside Edge Capital. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Elliott, I'm, Zuckerberg, Todd Gordon, Gordon Organizations: Netflix, Spotify, CNBC Pro, Alpha, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ Stocks making the biggest moves premarket: Microsoft, Intel, Shopify and more
▼ + stars: | 2024-09-17 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Microsoft — Shares were up about 2% after the tech giant increased its quarterly dividend by 10.7% to 83 cents per share. Shopify — Shares of the e-commerce stock gained 2.6% after Redburn Atlantic upgraded Shopify to buy from neutral. Shopify should continue gaining market share as the U.S. social e-commerce market appears poised for explosive growth over the next few years. AppLovin — The mobile software company rose more than 2% after UBS upgraded shares to buy from neutral. Gannett — Citi upgraded the newspaper company to neutral from sell, sending shares higher by 4%.

Persons: Jefferies, Dell, AppLovin, Gannett, —, Fred Imbert, Sarah Min, Sean Conlon, Michelle Fox Theobald Organizations: Microsoft, Intel, Dell Technologies, Mizuho Securities, UBS, Gannett — Citi Locations: 4Q24

☆ Stocks making the biggest moves midday: Gannett, Accenture, Hewlett Packard and more
▼ + stars: | 2024-09-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Hewlett Packard Enterprise — The tech hardware stock jumped 6% after Bank of America upgraded the stock to a buy rating from neutral. Shopify — The e-commerce stock advanced nearly 2% after receiving an upgrade to buy from neutral at Redburn Atlantic. AppLovin — The mobile software stock advanced about 6% following a UBS upgrade to buy from neutral. Gannett — Shares soared 16% after Citi upgraded the newspaper stock to a neutral rating from sell. GE Vernova — The energy stock rallied nearly 4% after Bank of America upgraded the stock to buy from neutral.

Persons: Marie Myers, Biden, Shopify, FanDuel, Michael McGovern, Andrew Obin, Philip Morris, — CNBC's Sean Conlon, Yun Li, Sarah Min, Samantha Subin Organizations: Hewlett Packard Enterprise, Bank of America, Microsoft, Intel, UBS, Gannett —, Citi, Gannett, GE, Vectura Group, Molex Asia Holdings, Vectura, Accenture —, Bloomberg Locations: U.S

☆ Amazon is using generative AI to drive more same-day shipping using smarter robots and better routes
▼ + stars: | 2024-09-17 | by ( Katie Tarasov | ) www.cnbc.com time to read: +5 min

Now, the retail giant is turning to generative AI to drive more same-day shipping. But not all the changes that generative AI may bring to the e-commerce giant are positive. Robots and new rolesThe number of Amazon warehouse robots grew from 350,000 in 2021 to more than 750,000 in 2023, according to the company. "They're using generative AI and computer vision to avoid obstacles and find the right place to stop," Armato said. Amazon's AI is three times better at identifying damaged products than humans are, the company said.

Persons: Steve Armato, Armato, Lisa Setyon, Tom Forte, Forte, it's, Katie Tarasov Organizations: Amazon, CNBC, Amazon's, Maxim, Senate Locations: California, Tracy, U.S, Tracy , California, Richmond , California

☆ In a first for $21 billion Balyasny, a star PM will start building his own internal equities unit this month
▼ + stars: | 2024-09-17 | by ( Alex Morrell | ) www.businessinsider.com time to read: +7 min

This month, he'll start building a long-short equity division called Longaeva Partners inside Balyasny and exclusively managing the multistrategy hedge fund's capital, according to people familiar with the matter. "He was very coachable and progressed at a much faster rate than a lot of other, newer portfolio managers," Boyle said. "Peter was good at keeping his emotions out of his portfolio," Boyle said. At Balyasny, Goodwin will effectively have his own unit, though he'll be under the flagship Atlas Enhanced umbrella and operate on BAM's platform, including access to its technology, risk management, hiring, and human resources capabilities. The allure of such a setup is more time to spend on investing, which Longaeva will do exclusively with Balyasny money for now.

Persons: —, Peter Goodwin, Dmitry Balyasny's, Jeff Runnfeldt, Gustav Rydbeck, Goodwin, he'll, it's, they've, Point72, Point72 Goodwin, Peter, Korn, Scott Goodwin, Shaw, Perry Boyle, Boyle, delegating, he's Organizations: Service, Management, Business, Longaeva Partners, Millennium Management, Korn Ferry, JPMorgan, Lehman Brothers, Ziff Capital Locations: D.E

☆ China seeks a homegrown alternative to Nvidia — these are some of the companies to watch
▼ + stars: | 2024-09-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

This has renewed focus on China's homegrown efforts to rival Nvidia and create semiconductors that can underpin the world's second-largest economy's own AI industry. Huawei then sells these chips as a part of servers that go into data centers to train AI models. Alibaba and BaiduAlibaba and Baidu both buy Nvidia chips but they are also designing their own semiconductors for AI processes. Inference is the process that follows the training of AI models, as it refers to the actual application of AI in the real world, such as a chatbot responding to user queries. Moore ThreadsMoore Threads, founded in 2020, is developing GPUs designed to train large AI models.

Persons: Paul Triolo, Albright Stonebridge, Baidu Alibaba, Wei Sun, Moore, KUAE, ByteDance Organizations: Istock, Getty, Nvidia, CNBC, Huawei Huawei, Huawei, Wall, Alibaba, Baidu, Counterpoint Research, Biren, Technologies, China Morning, Cambricon Technologies, U.S, Sequoia, GGV Locations: China, U.S, Beijing, Washington, Shenzhen, Biren's

☆ Here’s what ‘No Spend September’ is and how to know if you should participate
▼ + stars: | 2024-09-17 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Solstock | E+ | Getty Images'We fritter money away every single day'While you are still going to spend money on fixed essentials like a car payment or monthly rent, "No Spend September" is about being thoughtful in how you're spending money, said Francis, who is a member of CNBC's Financial Advisor Council. When it comes to her own finances, Szafarski believes September can also be a "good time to reset" because it's easy to spend money in the summer, she said. "Depriving yourself for long periods of time can create a boomerang effect of spending," Francis said. To that point, here's a guideline of how to benefit from No Spend September. "Are there things you're spending money on that you don't really need or you're not really using?"

Persons: Francis, Szafarski, Francis said Organizations: CNBC's

☆ Women at work are making gains in leadership roles, but catching up to men could take decades, new report estimates
▼ + stars: | 2024-09-17 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Women also made gains since 2018 in becoming vice president and senior vice president, but again in staff roles. Half of companies also offer support for those employees caring for sick family members or elderly parents, the study found. The report found that for every 100 men who received their first opportunity to be a manager, only 81 women got the same offer. “Given that employees with consistent manager support are more likely to be promoted, it very likely disadvantages them,” the analysis said. “Research shows that companies with more women in leadership benefit from greater innovation, healthier cultures, and stronger performance.

Persons: — Organizations: CNN, McKinsey & Company, Companies, evaluators, ” Employees, McKinsey, “ Research Locations: America

☆ British e-commerce firm THG to spin off technology platform Ingenuity
▼ + stars: | 2024-09-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

If and when the demerger is approved, THG's group company will consist of only its THG Beauty and THG Nutrition divisions. THG formed THG Ingenuity in 2021 as a separate venture selling e-commerce solutions for retailers. THG's Moulding has previously described THG Ingenuity as a "social media influencer platform" to promote products, including brands sold by THG as well as those sold by other companies, too. The deal at the time gave SoftBank the option to invest an additional $1.6 billion in THG Ingenuity. However, in October 2022, SoftBank ended its investment deal with THG and sold its entire stake in the company to Moulding.

Persons: THG, Matthew Moulding's, SoftBank Organizations: U.K, HMRC, THG Locations: British, THG

☆ Houston-area pipeline fire prompts evacuations, shelter-in-place orders for thousands
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +4 min

Nearly 1,000 homes and businesses were covered by evacuation orders in La Porte, according to the city's statement. Additionally, the La Porte Independent School District said shelter-in-place orders were in place at multiple campuses in the district. A pipeline carrying natural gas liquids burns near La Porte, Texas, on Sept. 16, 2024. Deer Park said in its own statement that a Walmart location and an H-E-B grocery store were also covered by shelter-in-place orders. Multiple reunification sites in Deer Park and La Porte, including an activity center and a church, have been made available to evacuees.

Persons: La Porte, Lekan, I’ll, Jerry Mouton Jr, Mouton Organizations: La Porte Independent School District, Energy, San Jacinto, Facebook, Emergency, Control, Deer Park Locations: Houston, Deer Park, Pasadena, La, La Porte, La Porte , Texas, Deer, Porte, Harris

Circuit U.S. Court of Appeals sounded unconvinced Monday that the TikTok “sale or ban” law, signed by President Joe Biden in April, was unconstitutional. TikTok and ByteDance have since condemned the practice and said that three employees involved were terminated, with an additional employee resigning. Pincus also said that the data TikTok collects from American users is anonymized and is comparable to other Chinese companies, like major e-commerce platforms. TikTok creators and users in the U.S. have responded overwhelmingly negatively to the proposed ban. Trump then expressed support for TikTok following Biden’s passage of the national security package that included the provision to ban TikTok.

Persons: Joe Biden, TikTok, ”, Andrew Pincus, “, it’s, Pincus, Pincus didn’t, Judge Neomi Rao, ” Rao, Biden, Kamala Harris, Kamala, Donald Trump’s, TAYLOR SWIFT, ” Trump, Trump Organizations: Circuit U.S, Chinese Communist Party, Oracle, Forbes, Palestine Information Office, ByteDance, Justice Department, “ Biden Locations: U.S, Texas, Oracle’s U.S, China, Palestine, Tibet

Amazon is requiring its workers to return to the office full time. He noted that the company's three-day-a-week policy, instituted in 2023, had only reinforced the view that a full return was necessary. Amazon joins a growing list of major U.S. firms returning to a five-days-a-week office policy, including Boeing, JP Morgan Chase and UPS. However, according to data from FlexIndex, a firm that tracks company office policies, a majority of U.S. firms still offer hybrid arrangements. "As we have grown our teams as quickly and substantially as we have the last many years, we have understandably added a lot of managers," Jassy said.

Persons: Andy Jassy, Jeff Bezos, Jassy, JP Morgan Chase, it’s, ” Jassy, It’s Organizations: Amazon, Boeing, UPS Locations: FlexIndex, U.S

☆ Apple shares slide as analysts highlight sluggish iPhone 16 demand
▼ + stars: | 2024-09-16 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

"The key factor is the lower-than-expected demand for the iPhone 16 Pro series," Kuo wrote after compiling data from Apple's websites on each iPhone 16 model's pre-order sales, average delivery times and shipments before pre-order. Additionally, intense competition in the Chinese market continues to impact iPhone demand." The analysts also wrote that Apple reduced iPhone 16 prices in Australia and India. The iPhone 16 Pro and the iPhone 16 Pro Max are Apple's more premium phones that have nicer screens and cameras than the regular models, starting at $999 and $1,199, respectively. The company also said during the event the new iPhone 16 Pro Max has "the best iPhone battery life ever" but did not offer additional details.

Persons: Steve Jobs, Ming, Chi Kuo, Kuo, IP16, Apple, Max, — CNBC's Michael Bloom Organizations: Apple, Steve, TF Securities, Apple Intelligence, Apple Watch, Barclays, JPMorgan, Bank of America Locations: Cupertino , California, U.S, China, Australia, India

☆ Top Morgan Stanley bankers break down 3 common mistakes startup hedge funds make
▼ + stars: | 2024-09-16 | by ( Alex Morrell | ) www.businessinsider.com time to read: +7 min

Read previewIt's shaping up to be a bustling period for new hedge funds. Startup funds have allies in investment bank prime brokerage units, a crucial lifeline to hedge funds and a growing business on Wall Street. AdvertisementMorgan Stanley has long been home to one of the top prime brokerages, and serving hedge funds is key to the bank's equities ambitions. These are 3 of the top stumbling blocks for startup fund managers and how to handle them, according to Novick and Shaw. AdvertisementBut beyond that, continuing to engage with prospects is simply a sound business strategy.

Persons: —, Jon Caplis, Morgan Stanley, Ted Pick, Penny Novick, Kim Shaw, Shaw, Morgan Stanley's, Novick, they're, allocators, Hone, haven't Organizations: Service, Business, Viking

☆ Manchester City vs the Premier League – explaining the 115* charges and how long the case will take
▼ + stars: | 2024-09-16 | by ( Jacob Whitehead | ) www.nytimes.com time to read: +20 min

The hearing which will decide whether Manchester City broke 115* of the Premier League’s financial rules begins today (Monday) in London. It has been a long time coming — over 18 months since the Premier League announced its investigation had escalated into charges in February 2023. This is The Athletic’s guide to the 115* alleged charges (yes, we will explain the asterisk). AdvertisementIf the commission finds on “the balance of probabilities” that this was not the case, City will be found guilty. Should the Premier League rules be shown to be unlawful, their argument that City have broken those rules is significantly weakened.

Persons: ”, Pep Guardiola, Naomi Baker, we’ve, Buckle, Der Spiegel, —, Abu, Roberto Mancini, Yaya Toure, City’s, Sheikh Mansour —, Al, Mancini, Abu Dhabi’s Al, Sheikh Mansour, Toure, Sheikh Mansour’s, City, “, Pep, Justin Setterfield, What’s, “ What’s, Eamonn Dalton Organizations: Manchester City, Premier, Premier League, Champions League, FA, Everton, Nottingham Forest, Forest, City Football Group, League, Der, City, Al, Sheikh Mansour’s Abu Dhabi United Group, The Premier League, UEFA, Sport, Premier League —, Newcastle United, Saudi, Investment Fund, British, The Times, Athletic, League KCs Locations: London, City, Abu Dhabi, Al Jazira, Abu, Abu Dhabi’s Al Jazira, Sheikh Mansour’s Abu Dhabi, European, Der Spiegel

☆ Elon Musk deletes X post about Biden, Harris assassination threats after backlash
▼ + stars: | 2024-09-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Marc Piasecki | Getty ImagesTesla CEO and X majority owner Elon Musk wrote and then deleted a Sunday post on X that appeared to question why there weren't more assassination threats made against President Joe Biden and Vice President Kamala Harris. Musk, who has 197.8 million listed followers on X, posted the message shortly after a second apparent assassination attempt against Republican former President Donald Trump. The post was prompted by an X user who asked, "Why they want to kill Donald Trump?" "Well, one lesson I've learned is that just because I say something to a group and they laugh doesn't mean it's going to be all that hilarious as a post on X," Musk posted at 2:58 a.m. E.T. The Trump campaign did not immediately respond to CNBC's request for comment on Musk's post.

Persons: Elon Musk, Mark Read, Marc Piasecki, Joe Biden, Kamala Harris, Musk, Donald Trump, Biden, Kamala, Harris, Tesla, Trump, Musk's, Andrew Bates Organizations: Cannes Lions, Tesla, Republican, National Labor Relations Board, CNBC Locations: Cannes, France

☆ Here are Monday's biggest analyst calls: Tesla, Nvidia, Apple, Oracle, Carvana, Micron, Sprouts, Zillow, Coca-Cola & more
▼ + stars: | 2024-09-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Monday: Evercore ISI reiterates Alphabet as outperform Evercore says it's sticking with shares of the search giant. Morgan Stanley reiterates Micron as equal weight Morgan Stanley lowered its price target on the stock to $100 per share from $140. Morgan Stanley reiterates Tesla overweight Morgan Stanley says it's sticking with its overweight rating heading into Tesla's robotaxi day on Oct. 10. Morgan Stanley upgrades Ase Technology to overweight from equal weight Morgan Stanley said in its upgrade of Ase that the chipmaker's stock is defensive. Morgan Stanley upgrades Chart Industries to overweight from equal weight Morgan Stanley says the gas liquefication company has "significant exposure to both energy transition and renewables as well as traditional energy."

Persons: Evercore, Morgan Stanley, Tesla, Simon, Eaton, Wells, Pro Max, Carvana Evercore, Jack Sinclair, Curtis Valentine, Merchant Scott Neal, BTIG, Truist, Melius Organizations: DOJ, Micron, Technology, Industries, Citi, downgrades Colgate, Palmolive, CL, Barclays, GE, GE Vernova, JPMorgan, Apple, Pro, Ally, Mizuho, Oracle, " Bank of America, Nvidia, Bank of America Locations: Tesla's, Staples

☆ Goldman Sachs sees S&P 500 at 6,000 in 12 months, gives basket to play lower rates
▼ + stars: | 2024-09-16 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Wall Street investment bank sees the S & P 500 rising about 6% to 6,000 in the next 12 months from Friday's close of 5,626.02. "Resilient economic growth should lead to modestly higher bond yields while continued earnings growth drives modestly higher equity prices," David Kostin, Goldman's head of U.S. equity, said in a note to clients on Friday. Wall Street is counting on lower corporate and consumer borrowing costs to boost earnings growth and stock prices. With multiples flat, EPS growth will lead the S & P 500 modestly higher." Goldman believes stocks with a "long duration" could outperform in a falling interest rate environment.

Persons: Goldman Sachs, Goldman, David Kostin, Kostin, Russell, Goldman's Organizations: Federal Reserve, Electric, Rivian Automotive, Lucid, Costco Wholesale Locations: U.S, Friday's

☆ Morgan Stanley lays out the stock market's best-case scenario for this week's Fed decision — and 2 areas to buy after the cut
▼ + stars: | 2024-09-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Ideally the Fed will cut rates by a half-point without triggering growth worries, Morgan Stanley says. According to new research from Morgan Stanley, that would be the best possible outcome for stocks. Ahead of the rate cut, Morgan Stanley suggested that investors increase exposure to two stock cohorts that have historically outperformed in similar environments: defensive and high-quality. Defensive stocks include sectors such as utilities and consumer staples — groups that are less reliant on macroeconomic conditions to perform well. Large caps also tend to outperform small caps both before and after the Fed's first rate cut.

Persons: Morgan Stanley, Mike Wilson, —, Morgan, cyclicals, Wilson Organizations: Service, Federal Reserve

☆ ‘Shōgun’ makes history and other standout moments from the Emmy Awards
▼ + stars: | 2024-09-16 | by ( Sandra Gonzalez | ) edition.cnn.com time to read: +7 min

In all, the series picked up four awards, including history-making individual acting honors for its two stars Sanada and Anna Sawai. John Oliver thanks his late dogJohn Oliver at the 76th Emmy Awards on Sunday, Sept. 15, 2024 at the Peacock Theater in Los Angeles. You’re very good girls, you’re very good boys, and you all deserve a treat!”John Leguizamo stands up for progressJohn Leguizamo at Sunday's Emmy Awards. Despite my name, I come in peace.” – Will Smith, a English writer and producer and winner of outstanding writing for a drama series for “Slow Horses,” referencing that moment from the Oscars. Nine times out of ten, I’m right.” – Steve Martin“Welcome everybody to the 76th Emmy Awards — also known as broadcast TV’s biggest night for honoring movie stars on streaming services.” – Dan Levy, who hosted alongside dad Eugene a solid – if not safe – show

Persons: Shōgun, Justin Marks, Hiroyuki Sanada, Chris Pizzello, “, ”, Sanada, Anna Sawai, Sawai, ” Richard Gadd, Richard Gadd, I’d, Lisa Colón, Zayas, Liza Colon, Jae, Tina, Meryl Streep, Sheryl Lee Ralph, Carol Burnett, ” Candice Bergen, ’ Candice Bergen, Kevin Winter, Murphy Brown, Candice Bergen, she’s, Bergen, Dan Quayle, Murphy, Selena Gomez, Steve Martin, Martin Short, John Oliver, Danny Moloshok, Sarah McLachlan, ” Oliver, John Leguizamo, Mario Anzuoni, Reuters John Leguizamo, Leguizamo, “ She’s, Kathy Bates “, ” – Will Smith, Nicole Kidman, Steve Martin “, —, ” – Dan Levy, Eugene Organizations: CNN, Voters, Republican, Peacock, Reuters, New York Times Locations: Los Angeles

☆ Amazon is selling a ton of toilet paper and everyday items. Here’s why that’s a problem for investors
▼ + stars: | 2024-09-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Faster delivery is prompting more and more people to turn to Amazon to buy paper towels and other everyday items. The growing prevalence of one- and same-day delivery has made Amazon a much more convenient to place to shop for everyday essentials. "If people buy everyday essentials on Amazon, they're more likely to buy other products too," said Jeff Marks, the Club's director of portfolio analysis. This added convenience in ordering everyday essentials from Amazon comes at a challenging time for physical retailers known for selling those same products. The company likes "to be in the consideration set for consumers" in the everyday essentials since it helps drive market share gains, Olsavsky said.

Persons: –, it's, Jeff Marks, Andy Jassy, Jassy, Gil Luria, Davidson, We've, Jim Cramer, Amazon's, Brian Olsavsky, Olsavsky, Wells, Ken Gawrelski, Gawrelski, Morgan Stanley, we're, Davidson's Luria, Luria, Jim, Jim Cramer's, Angus Mordant Organizations: Walgreens, CVS, Aid, D.A, Amazon, CNBC, Bloomberg, Getty Locations: Target, North America, New York

☆ Amazon wants fewer managers. A leaked document explains how it plans to meet this goal.
▼ + stars: | 2024-09-16 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAn internal Amazon document explains how the company plans to meet its new goal to have fewer managers. AdvertisementAs we have grown our teams quickly and substantially, we have understandably added a lot of managers. AdvertisementOver the coming months, senior leaders across Amazon will be examining their organizations for opportunities to advance an even more customer-centric team structure that fosters agility and empowers frontline decision making. Related storiesWe expect it will be the opposite — any changes resulting from this should increase managers' and leaders' visibility to their teams' work.

Persons: —, Andy Jassy, We've, we've, It's, orgs Organizations: Service, Amazon, Monday, Business

☆ We've seen softness, but continue to gain market share, says e.l.f. Beauty CEO Tarang Amin
▼ + stars: | 2024-09-16 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've seen softness, but continue to gain market share, says e.l.f. Beauty CEO Tarang Amine.l.f. Beauty Chairman and CEO Tarang Amin joins 'Mad Money' host Jim Cramer to talk recent stock performance, consumer trends, and more.

Persons: Tarang Amin e.l.f, Tarang Amin, Jim Cramer

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