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CNN —The United States will begin air dropping food aid to the people of Gaza, President Joe Biden announced Friday, as the humanitarian crisis deepens and Israel continues to resist opening additional land crossings to allow more assistance into the war-torn strip. Speaking in the Oval Office, Biden said the US would be “pulling out every stop” to get additional aid into Gaza, which has been under heavy bombardment by Israel since the October 7 Hamas terror attacks. Biden said aid was not flowing into Gaza quickly enough, and said he was working to broker an immediate ceasefire deal that would allow additional aid in. Palestinians run along a street as humanitarian aid from Jordan is airdropped in Gaza City on March 1, amid the ongoing conflict between Israel and the Hamas militant group. AFP/Getty ImagesSenior US officials have repeatedly pressed Israeli officials in face-to-face meetings on the urgent need to open additional crossings.
Persons: Joe Biden, Biden, Netanyahu, Matt Miller, ” Miller, , Samantha Power, Benjamin Netanyahu, Yoav Gallant, CNN’s Oren Liebermann Organizations: CNN, Office, AFP, Getty, Israeli Locations: United States, Gaza, Israel, , Jordan, Egypt, UAE, Qatar, France, airdropped, Gaza City
The new missionDeveloping and scaling this cookie replacement has become the new mission for The Trade Desk, one of adtech's greatest independent success stories. While many other adtech companies offered this service, The Trade Desk over the years proved it could do it better. The Trade DeskWith cookies disappearing, The Trade Desk is approaching its first big test. These deals are typically cut with major advertising agency holding companies and don't usually include adtech platforms like The Trade Desk. "These next 12 months for The Trade Desk are going to be difficult and not the experience that you're used to," this person said.
Persons: Jeff Green, Andrew Casale, Brian Wieser, Samantha Jacobs, hasn't, There's, Tom Triscari, It's, they're, Greg Doherty, Jeff, Green, Criteo, Megan Clarken, Dan Salmon, they've Organizations: Trade, Universal, Google, Business, Exchange, Company, BI, Disney, The Washington Post, Yahoo, Wall Street, Projects, CTV, CBS, The, Arete Research, Intelligence, Variety, Street Research
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyAI (literally) in your pocketTech workers are criticizing Humane's hotly anticipated Ai pin. AdvertisementIn fact, heavy hitters like legendary investor Vinod Khosla believe that AI devices will completely change how we interact with technology. Humane's Ai Pin, which can project text onto users' hands and translate voice messages, didn't get a warm welcome when it launched late last year .
Persons: , Oompa, I've, Willy Wonka, Elon Musk, Sam Altman, Humane's, Vinod Khosla, Samantha Stokes, Vishal Persaud, Khosla, Ai, didn't, Tim Cook, Salesforce's Marc Benioff, OpenAI's Sam Altman, Franck Robichon, Paul Krugman, shouldn't, we're, Wells, Bank of America's Merrill, Bitcoin, Tyler Le, maven, Alexei Navalny's, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Humane, Khosla Ventures, Rabbit, Bank of America's, Wall, The New York Times, WW, SEC Locations: Franck, Wells Fargo, New York, London
Not for herself, but for the stocks she scoops up for Thrivent's Large Cap Growth fund — even when growth shows signs of slowing. On a total return basis, investors in the fund have netted 48% in the last 12 months, according to FactSet. Thrivent Large Cap Growth climbed to the 18th percentile among more than 1,200 growth funds in 2023, up from the 73rd percentile in the disastrous 2022, Morningstar data shows. Maybe that's because as an analyst, Brunner's background was in large cap consumer staples and large cap retail and discretionary stocks, after starting out covering specialty apparel retailers. "It's just a really exciting spot to be in," Brunner said of studying growth stocks.
Persons: Lauri Brunner, Wall Street's, Brunner, Brunner doesn't, Thomas, Jensen Huang, Amazon's Organizations: Amazon, Meta, Morningstar, FAF Advisors, RBC Capital, Thrivent, Tech, University of St, Nvidia, Microsoft, Netflix, Walmart Locations: Thrivent, it's
Snowflake said it expects product revenue to range between $745 million and $750 million in the current period, below the $759 million analysts polled by StreetAccount expected. Okta said its expects revenues to range between $603 million and $605 million, surpassing a FactSet estimate of $583.8 million. Celsius posted 17 cents in earnings per share on $347.4 million in revenue for the fourth quarter. Nutanix posted earnings of 46 cents per share on revenues totaling $565 million. The data storage company posted earnings of 50 cents per share on $790 million in revenue.
Persons: Frank Slootman, Snowflake, StreetAccount, Morgan Stanley, Salesforce — Salesforce, Okta, Duolingo, LSEG, Nutanix, , Alex Harring, Tanaya Macheel, Michelle Fox, Lisa Han, Jesse Pound, Sarah Min, Pia Singh Organizations: Revenue, Bank of America, AMC, AMC Entertainment, Wall, Paramount, LSEG, CNBC Warner Bros, FactSet, HP — Locations: Canada, FactSet .
Recent changes to Medicaid programs, aimed at closing a health coverage gap in the U.S., have left behind some Americans — particularly people of color. But as the global health crisis waned and Medicaid coverage expansions faced delays in some states, insured rates fell and Black Americans remained disproportionately uninsured compared with white Americans, according to KFF, formerly known as Kaiser Permanente. In 2022, 10% of Black Americans were uninsured, compared with 6.6% of white Americans. In states that don't offer Medicaid expansion, 13.3% of non-elderly Black Americans are uninsured, according to KFF, compared with 7.3% of that population in states that have already adopted the expansion. Most of the patients at WOH are Black and are covered under Medicaid, according to the company.
Persons: , Jenn Wagner, Samantha Artiga, Wagner, they're, Robert Phillips, WOH, Phillips Organizations: KFF, Affordable, Permanente, Budget, U.S . Bureau of Labor Statistics, Health, West Oakland Health, East Locations: U.S, East Bay Area, California, WOH
New York CNN —Jewish students at major universities told lawmakers on Thursday they feel unsafe on campus amid a surge in antisemitism. At a roundtable hosted by the House Education and Workforce Committee, students from Columbia University, the Massachusetts Institute of Technology and other schools described hearing violent chants on campus and complained administrators are not doing enough to fight antisemitism. “In the past five months, I have become traumatized,” said Talia Khan, a second-year graduate student at MIT. Eden Yadegar, a junior at Columbia University, described how Jewish students were attacked by people wielding sticks outside of the university library, and how she has been mocked on campus as well as on social media. The committee held a hearing in December questioning the presidents of Harvard, MIT and the University of Pennsylvania about antisemitism.
Persons: , , Talia Khan, ” Khan, Khan, Eden Yadegar, ’ ”, Yadegar, Samantha Slater, ” Slater, UPenn, Virginia Foxx, Foxx Organizations: New, New York CNN, Jewish, House Education, Workforce, Columbia University, Massachusetts Institute of Technology, MIT, Khan, MIT Israel Alliance, Education, An MIT, CNN, Israel, House, Workforce Columbia, University, Ivy League, Harvard, University of Pennsylvania, Department of Education Locations: New York, Rep, Harvard, Columbia
Stocks hate this one weird trick from the calendar
  + stars: | 2024-02-29 | by ( Krystal Hur | ) edition.cnn.com   time to read: +5 min
New York CNN —Leap Day might seem like fun and games — until you consider Wall Street. To account for that gap, Julius Caesar in 45 BC decreed that an extra day be added every four years, leading to the Julian calendar. Pope Gregory XIII in 1582 AD created the Gregorian calendar, coined the term “leap year” and established February 29 as the official leap day. He adds that a leap day can also help marginally raise corporate earnings, since companies get an extra day in a fiscal quarter to operate. History shows that stocks tend to perform worse when an additional day is added to the calendar.
Persons: Julius Caesar, Pope Gregory XIII, Matt Weller, Weller, Dow, , “ Barbie ”, “ Oppenheimer, , Samantha Delouya, It’s, Read, Sam’s, Sam, Matt Egan, Banks Organizations: CNN Business, Bell, New York CNN, Dow Jones, Bulls, Research, AMC Entertainment, AMC, Treasury Department, CNN, Treasury Locations: New York, FOREX.com
CNN —The United States is looking into possible airdrops of aid into Gaza as the humanitarian crisis there deepens and assistance fails to reach the people in the war-torn strip, two US officials told CNN on Wednesday. One US official said the prospect of airdrops is being seriously considered based on the conditions on the ground. Earlier this week, Jordan, Egypt, the UAE, Qatar and France airdropped relief aid on various areas in the Gaza Strip in a sign of how desperate the situation has become. “We are talking to Israeli officials about the need to open up far more crossings, far more passages into Gaza, so that vitally needed humanitarian assistance can be dramatically surged,” Power said. “This is a matter of life and death.”Power met on Wednesday with Prime Minister Benjamin Netanyahu and Israeli Defense Minister Yoav Gallant, one of the US officials told CNN.
Persons: Axios, Samantha Power, ” Power, Benjamin Netanyahu, Yoav Gallant Organizations: CNN, United Nations, US Agency for International, Israeli Locations: United States, Gaza, Jordan, Egypt, UAE, Qatar, France, Israel
Stock futures fell as Wall Street weighed the latest earnings results and looked ahead to the Federal Reserve's favored inflation gauge. Futures tied to the Dow Jones Industrial Average slipped 80 points, or 0.2%. The S&P 500 futures and Nasdaq 100 futures edged down 0.2% and 0.25%, respectively. The 30-stock Dow lost 0.06% and fell for a third consecutive session, while the S&P 500 inched down 0.17%. The S&P 500 has jumped 4.6%, while the Dow has added 2.1%.
Persons: Salesforce, Okta, Joe Mazzola, Charles Schwab's, Dow, John Williams Organizations: New York Stock Exchange, Stock, Federal, Dow Jones, Nasdaq, Dow, Hewlett Packard Enterprises, Bath, Body, New York Federal Reserve Bank Locations: Snowflake, Chicago
In the fourth quarter, the software company topped Wall Street's fourth-quarter expectations on the top and bottom lines. Snowflake — Snowflake shares plunged 20% after the business software company announced the retirement of its CEO Frank Slootman. The company topped earnings expectations by 12 cents and said it expects revenue for the current period to range between $603 million and $605 million. The company posted revenue of $13.19 billion, falling short of the $13.56 billion analysts polled by LSEG expected. Adjusted earnings per share came in at 5 cents and topped an LSEG estimate of 2 cents per share.
Persons: — Salesforce, Frank Slootman, Duolingo, Okta — Okta, LSEG Organizations: FactSet, Paramount Global, LSEG, Revenue, StreetAccount, HP Inc, AMC Entertainment
Washington CNN —President Joe Biden is fit for duty, his doctor reported Wednesday following the president’s annual physical, in what is expected to be the last update on Biden’s health before November’s election. Dr. Kevin O’Connor said in a memo there are “no new concerns” with the president’s health revealed by this year’s physical. The White House said earlier Wednesday that no cognitive test was administered as O’Connor did not find it necessary. The procedure was “successfully completed” at the White House by a team from Walter Reed, O’Connor said. Reports from the White House physician over the last several decades have consistently described the office-holder as fit to serve.
Persons: Joe Biden, Kevin O’Connor, ” O’Connor, Biden, , SSRS, Karine Jean, Pierre, “ doesn’t, Donald Trump, Jonathan Reiner, ” Reiner, that’s, O’Connor, , Biden’s, ” Biden, Lou Gehrig’s, Robert Hur, I’ve, , seething Biden, “ I’ve, NBC’s, Seth Meyers, ” Wednesday’s Walter Reed, Walter Reed, CNN’s Kevin Liptak, Mira Cheng Organizations: Washington CNN, O’Connor, , State, CNN, Quinnipiac University, White, US Preventive Services, Force, Medical Unit, American Medical Association, National Institutes of Health, White House Locations: Beverly Hills , California, United States
Prince William returned to public duty on February 7. Prince William in March 2023. The same day, he attended a gala raising money for the London Air Ambulance, and he thanked the public for their messages of support for Kate, according to Town & Country. Without Kate, as well as Prince Harry and Meghan Markle, William's youth could be a boon for the monarchy, as Kristen Meizner, a royal watcher, told BI. "They're not necessarily considered as dazzling or as exciting to the public when they're 60 or 70 or whatnot."
Persons: Prince William, Max Mumby, William, Kate, Catherine, Charles, Eric Schiffer, Prince Harry, Meghan Markle, Kristen Meizner Organizations: London Air Ambulance, Management Locations: Windsor Castle
Read previewIt turns out chefs dislike tipping as much as you do. AdvertisementChefs don't like tipping as a practiceOverall, the chefs seemed frustrated with tipping as they spoke to Moskin, particularly since diners often resent the practice that is unique to American restaurants. AdvertisementThe chefs don't love tipping. Tipping culture as a whole has been under scrutinyThe restaurant industry isn't alone in reaching a reckoning with tipping. The practice of tipping is clearly at an impasse in the US, but it's unclear how Americans will adapt.
Persons: , Julia Moskin, David Chang, Eric Huang, Moskin, Huang, Grace Cary, Geoff Davis, Davis, Michael Rafidi, Hajime Sato, Rafidi, Tandy Wilson, Corey Mintz Organizations: Service, The New York Times, Business, City House Locations: America, New York, Burdell, Oakland , California, Albi, DC, Sozai, Clawson , Michigan, Nashville
Apple is probably shutting down its electric car project in favor of some big bets on artificial intelligence, according to UBS. AAPL YTD mountain Apple shares this year The UBS report came after Bloomberg reported on Tuesday that the iPhone maker is reportedly axing its decade-long venture to build an electric vehicle. Among the potential upcoming AI announcements, Vogt is bracing for Apple CEO Tim Cook to debut a new processor in the iPhone 16 supporting AI, and a new AI or large language model feature on the iOS 18 operating system. UBS also anticipated updates to "Siri" and "Messages" that would enable new features, such as summaries of incoming texts. There are some financial downsides to Apple in halting its car venture, Vogt said.
Persons: David Vogt, Vogt, Tim Cook, Siri, — CNBC's Michael Bloom Organizations: Apple, UBS, company's, Bloomberg
AMC Entertainment, often viewed as a bellwether for the industry as the world’s largest movie theater chain, is not immune to those challenges. Taylor Swift attends "Taylor Swift: The Eras Tour" Concert Movie World Premiere at AMC The Grove 14 on October 11, 2023 in Los Angeles, California. While box office revenues have not yet recovered to pre-pandemic levels, until this year, they had been on an upward trajectory. Wold lowered his projection for the domestic box office to $8.6 billion, down from $8.9 billion earned in 2023. Upping the showmanshipDespite the box office slowdown this year, AMC found itself at the center of yet another viral moment earlier this month.
Persons: “ Barbie ”, “ Oppenheimer, , , It’s, “ Barbenheimer, Taylor, Taylor Swift, Matt Winkelmeyer, Adam Aron, ” Aron, , Paul Dergarabedian, Eric Wold, Riley, Wold, Barbie, Iris Schneider, Dergarabedian, “ There’s, Deadpool, Barbie ”, Alicia Reese, Michael O’Leary Organizations: CNN, AMC Entertainment, AMC, Hollywood, ZUMA, Warner Bros, Dodge, Wedbush, Dolby, National Association of Theatre Owners Locations: Los Angeles , California
Check out the companies making the biggest moves in premarket trading: Beyond Meat — Shares soared 59% one day after the plant-based meat company topped fourth-quarter revenue estimates and said it would "steeply reduce" costs this year. EBay — The online marketplace advanced 5% one day it beat fourth-quarter earnings and revenue estimates . In addition, Ebay announced a dividend increase and authorized another $2 billion share buyback. Full-year revenue guidance of $505 million to $510 million was below the $520.9 million consensus estimate. Urban Outfitters — Shares tumbled nearly 10% one day after the clothing retailer's fourth quarter earnings and revenue missed estimates.
Persons: LSEG ., , Bumble, FactSet ., EBITDA, FactSet's StreetAccount, LSEG, FactSet, TJ, TJX, Sarah Min, Lisa Han, Jesse Pound, Pia Singh, Samantha Subin Organizations: Revenue, Advance, AAP, FactSet, EBay, Ebay, Baidu, SEC, Materials, pharma, Wall, TJX, Marshalls Locations: China, FactSet
Beyond Meat reported fourth-quarter revenue of $73.7 million, versus the $66.7 million consensus estimate, per LSEG, formerly known as Refinitiv. First Solar — Shares added more than 3% after the solar panel manufacturer reported a fourth-quarter earnings beat . Urban Outfitters — The clothing retailer plunged 15% after missing estimates for its fourth-quarter earnings and revenue. Axon Enterprise — The weapons manufacturer popped 14% after reporting a fourth-quarter earnings beat. Novavax — The vaccine maker slid 27% after Novavax missed Wall Street's estimates for its fourth-quarter revenue and earnings .
Persons: Bumble —, Bumble, FactSet, Lemonade, Viatris, LSEG, , Novavax, Axel Springer, Schibsted, — CNBC's Brian Evans, Michelle Fox, Alexander Harring, Pia Singh, Samantha Subin Organizations: Advance, FactSet, eBay, Baidu, U.S . Securities, Exchange Commission, Attorney's, District of Massachusetts, Materials, Urban Outfitters, Boeing —, Federal Aviation Administration, Boeing, Alaska Airlines, Street, Justice Department Locations: U.S, China
New York CNN —What’s the difference between a revolution and a market bubble? Thanks to strong performances in stocks and bonds in 2023, coupled with steady savings rates and employer-provided matching contributions, 401(k) investors ended 2023 very much in the black, reports my colleague Jeanne Sahadi. That’s according to new fourth-quarter data from Fidelity Investments, one of the largest providers of workplace retirement plans that cover 23 million 401(k) participants. The troubled plant-based meat company, which has partnerships with McDonald’s and KFC owner Yum! On a Tuesday call with Beyond Meat’s investors, Brown outlined a set of initiatives intended to rightsize the struggling company.
Persons: New York CNN —, , Jamie Dimon, Dimon, , Torsten Slok, Yung, Yu Ma, , Jeanne Sahadi, Gen Xers, Fidelity, Samantha Delouya, Ethan Brown, Brown Organizations: CNN Business, Bell, New York CNN, Nvidia, AMD, Taiwan Semiconductor Manufacturing, Apple, Microsoft, Amazon, Google, JPMorgan, CNBC, Apollo Global Management, Federal Reserve, BMO Wealth Management, Big, Norges Bank Investment Management, Legal, General, AFL, US Securities and Exchange Commission, Lawyers, SEC, Fidelity, Fidelity Investments, McDonald’s, KFC, Brands Locations: New York, California,
That's Super Micro Computer , a Nasdaq-listed company which makes AI systems and graphics processing unit servers. Navellier, who has held shares of Super Micro Computer for over two years, told CNBC's " Street Signs Asia " that "Super Micro is hotter than Nvidia. There are only two companies that dominate in that area, according to him: Nvidia and Super Micro Computer. Wall Street analysts have also recently been giving Super Micro Computer their votes of confidence. Super Micro Computer received a 71% buy rating from analysts covering the stock, according to FactSet data.
Persons: there's, Louis Navellier, That's, CNBC's, Navellier, Rosenblatt, , Samantha Subin, Hakyung Kim Organizations: Nvidia, Navellier, Associates, Nasdaq, Super, Computer, Micro, Wall Street, Bank of America
Infinity Ventures's Jeremy Jonker, former head of corporate development and PayPal Ventures at PayPal, led the most recent funding round, joining investors including Michael Vaughn and Jon Pomerantz of Vera Equity and Rex Salisbury of Cambrian Ventures. "It's been sign up after sign up after sign up," he told Business Insider in an interview. SimpleClosure's funding round comes as more startups than ever are shutting down thanks to a tech-market downturn that's left plenty of companies in the lurch. 770 startups shut down in 2023, up from 467 the year before, according to data from cap-table management startup Carta. "More than half of our customers have been entrepreneurs who are already starting their next company," Yona said.
Persons: VCs, Jeremy Jonker, Michael Vaughn, Jon Pomerantz, Vera Equity, Rex Salisbury, Dori Yona, SimpleClosure, Yona, he's, couldn't, doesn't, there's, We've, what's Organizations: Business, PayPal, Cambrian Ventures, SimpleClosure, Carta Locations: fintech
The troubled plant-based meat company, which has partnerships with McDonald’s and KFC owner Yum! “Our 2024 plan includes taking steps to steeply reduce operating expense and cash use,” Beyond Meat CEO Ethan Brown said in a statement. On a Tuesday call with Beyond Meat’s investors, Brown outlined a set of initiatives intended to rightsize the struggling company. Brown said the company would cut at least $70 million from Beyond Meat’s operating budget in 2024. The company also reported its full-year 2023 financial results Tuesday, reporting a net loss of $338.1 million for the year.
Persons: Ethan Brown, Brown Organizations: CNN, McDonald’s, KFC, Brands
When we saw Everlane's new collection, the messages in our style team's Slack group started flying. As always with Everlane, the thing that took us aback was how brilliantly they executed a collection that turns trendy pieces into ultra-practical staples. But this drop absolutely nailed it by releasing our favorite pieces in organic colors like sage green, sandy brown, and oyster white. Ashley Phillips, former style editor, reviewed Everlane's ReKnit mules and wrote: "This is my first pair of Everlane shoes with the brand's ReKnit material, and I love it! I really like that these mules have a cushioned footbed and a low, sturdy block heel that's easy to wear all day."
Persons: Everlane, it's, Everlane We've, Mary Jane shoes, Sally Kaplan —, , Everlane's Mary Janes, they've, beachy, Ashley Phillips Organizations: Business Locations: cardigan
Norwegian Cruise Line — The cruise ship operator soared 18% on strong forward guidance. Unity expects adjusted EBITDA to range between $45 million and $50 million, versus the $113 million expected by analysts polled by FactSet. Viking Therapeutics — The clinical-stage biotech soared more than 90% after fulfilling primary and secondary endpoints in its Phase 2 GLP-1 study. Earnings came in at $1.57 per share, beating expectations of $1.47 per share, according to LSEG, formerly known as Refinitiv. Revenue of $1.92 billion matched analysts' expectations.
Persons: Viking, LSEG, Cava, Wells, Duolingo, CarGurus, — AutoZone, Microstrategy, , Sarah Min, Michelle Fox, Alex Harring, Jesse Pound, Yun Li Organizations: Cruise, Unity Software, FactSet, Therapeutics, Hess Corporation, Chevron, Exxon Mobil, China's, Offshore Oil Corp, Hess, Bank of America Securities, Seaport Research Partners, CleanSpark Locations: Cava
William was scheduled to attend the ceremony but missed it because of a personal matter, Kensington Palace said. AdvertisementKing Charles and Kate Middleton did not attend the service either, as both are abstaining from public-facing duties as they manage their health. The royals were already missing King Charles and Kate Middleton at the eventIn January, Kensington Palace announced that Kate underwent a "planned abdominal surgery." On the same day, Buckingham Palace shared that King Charles underwent a successful procedure for a benign prostate enlargement. Prince William returned to public duty following his wife and father's medical issues on February 7, attending an investiture ceremony.
Persons: Prince William didn't, Queen Camilla, King Constantine of, Constantine, Charles, godfathers, William, King Charles, Kate Middleton, Wales, Kate, Buckingham, Charles III, Samir Hussein, Rishi Sunak, Prince William, Princess Anne, Prince Andrew, Andrew Matthews, Kristen Meinzer Organizations: Service, St, Business, Kensington Palace, Windsor Castle Locations: King Constantine of Greece, St George's, Windsor Castle, Kensington, France, Buckingham, King
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