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☆ Deutsche Bank names its top UK picks with compounding growth potential — and one has more than 50% upside
▼ + stars: | 2024-12-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +1 min

Deutsche Bank has named seven London-listed companies in the business services sector as its "top picks for 2025," highlighting stocks with strong growth potential and defensive characteristics in an uncertain market environment. The investment bank highlighted Diploma , Experian , JTC , PageGroup , Renew Holdings , Rentokil , and XPS Pensions Group as companies positioned for sustained growth. Among the picks, recruitment firm PageGroup stands out for having the highest potential upside at more than 50%, with Deutsche Bank giving it a price target of 5,500 pence. Deutsche Bank acknowledged that PageGroup is a cyclical stock, meaning it is likely to rebound when economic activity takes off. Deutsche Bank also described Diploma, a key supply chain and distribution company, as a "top compounder" that's "well placed for 2025."

Persons: PageGroup, Donald Trump Organizations: Deutsche Bank, Holdings Locations: London, U.S

☆ Trump said he'd consider raising the minimum wage. Here's where it stands in every state and the raises both parties have proposed.
▼ + stars: | 2024-12-10 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

President-elect Donald Trump said in an interview that aired Sunday that he "would consider" raising the federal minimum wage. AdvertisementPresident-elect Donald Trump said he'd consider raising the federal minimum wage. Washington state, with a minimum wage of $16.28, and California, with a minimum wage of $16, came in second and third, respectively. Alabama and Mississippi don't have state minimum wage laws. AdvertisementSome Republicans have also proposed raising the federal minimum wage.

Persons: Donald Trump, he'd, It's, Trump, —, Joe Biden, Sen, Bernie Sanders, JD Vance cosponsored, Vance Organizations: DC, Department of Labor, Employment Law, Republican, Senate, Trump, Business Locations: Washington, California, Missouri, Alaska, Mississippi, Alabama, New York, New York City, Long, Westchester

☆ NBA execs are betting its in-season tournament will ignite interest after a slow TV ratings start
▼ + stars: | 2024-12-10 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The NBA Cup, formerly known as the In-Season Tournament, begins knock-out stage play on Tuesday. NBA ratings are down 17% so far this season, but NBA Cup games have outperformed the general trend. AdvertisementDespite early-season ratings declines, there's been a bright spot: fans seem especially interested in the NBA Cup. "But we're definitely seeing some strength, especially when we have top matchups on — and certainly with the NBA Cup games." The NBA hopes that knock-out round games will draw stronger viewership than group-play games, like they did last year.

Persons: IBM's Jonathan Adashek Cord, NBA execs, Evan Wasch, there's, it's, Wasch, Jenny Whitlock, Tyrese Haliburton, LeBron James, what's, Whitlock Organizations: NBA, League, Business, Nielsen, Disney's ESPN, Comcast's NBC, BI, NFL, Indiana Pacers Locations: Las Vegas, New York, Atlanta, Orlando, Milwaukee, Seattle, Vegas, Sin

Taiwan on Monday said multiple formations of Chinese naval and coast guard vessels were moving in regional waters and around the Taiwan Strait. Beijing has not announced military drills or acknowledged the large-scale deployment cited by Taipei. Its naval forces, specifically, have significantly raised its posture around Taiwan and the Western Pacific,” Hsieh said. The maritime deployment was the largest since China began holding large-scale war games around Taiwan in the mid-1990s, according to the ministry. Visit to USThe Chinese military movement comes days after Lai made unofficial stops in Hawaii and Guam during a weeklong South Pacific tour, which wrapped Friday.

Persons: Lai Ching, Gen, Hsieh Jih, Sheng, Hsieh, ” Hsieh, Lai, Lai’s, ”, Beijing’s, Mao Ning Organizations: Hong Kong CNN, China, Taiwan’s Defense, Communist Party, General Staff for Intelligence, Taiwan Defense Ministry, People’s Liberation Army, PLA, CNN, China’s Defense Ministry, “, Taiwan, Foreign Ministry Locations: Taipei, Hong Kong, Taiwan Strait, Western Pacific, Taiwan, Hawaii, Guam, Beijing, Washington, ”, Japan, Philippines, Indonesia, Pacific, Zhejiang, Fujian, United States, China

☆ It's not just the US. Housing around the world is more expensive than it was prior to the 2008 peak, the IMF says.
▼ + stars: | 2024-12-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Housing around the world is the most unaffordable it's been in decades, the IMF said. AdvertisementHousing affordability is lower than levels recorded prior to the 2008 financial crisis, according to a new analysis of 2023 housing data. In the US, mortgage rates have climbed in recent years, influenced by the Fed's rate-hiking cycle as it fought high inflation. AdvertisementZillow thinks home prices could rise 2.6% in 2025, while mortgage rates could remain elevated, but see "choppy" swings. Redfin, meanwhile, saw home prices rising another 4% next year, while mortgage rates remain stuck near 7%.

Persons: it's, —, Fu, Deniz Igan, Freddie Mac, Igan, Zillow, Redfin Organizations: Monetary, IMF, IMF's Finance, Development

☆ Stocks making the biggest moves after hours: General Motors, Dave & Buster's, GE Vernova and more
▼ + stars: | 2024-12-10 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

General Motors said that it would no longer fund robotaxi development by self-driving car company Cruise. GM said it will instead turn its focus on advanced driver assistance systems and autonomous systems in personal vehicles. Dave & Buster's posted a loss of 84 cents per share on revenue of $453 million in the third quarter. That was worse than the Street's estimates for a loss of 37 cents a share and $466 million in revenue, per LSEG. GE Vernova also announced it would initiate a dividend of 25 cents per share and a $6 billion repurchase authorization.

Persons: Buster's, Chris Morris, GE Vernova, Skillsoft, Morgan Stanley, Cantor Fitzgerald, —, Darla Mercado Organizations: General Motors, Cruise, GM, Buster's, GE, FactSet, Rocket Pharmaceuticals, Leerink Partners, LifeSci

☆ Ex-Abercrombie and Fitch CEO requests a hearing to determine if he's mentally fit to be tried on sex trafficking charges
▼ + stars: | 2024-12-10 | by ( Laura Italiano | Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

Attorneys for Mike Jeffries asked a judge to rule on whether he is mentally fit for trial. The former CEO of Abercrombie & Fitch is seeking to delay his federal sex-trafficking case on mental competency grounds. The defense will have until December 24 to file papers telling US District Judge Nusrat Choudhury how much of their competency motion can be sealed. AdvertisementThe defense has until February 6 to file a doctor's report in support of the competency motion, the spokesperson said. During his time at Abercrombie, Jeffries steered the brand toward a more sexualized image, complete with shirtless models greeting shoppers.

Persons: Mike Jeffries, Fitch, Jeffries, Nusrat Choudhury, Brian Bieber, Matthew Smith, Les Wexner, Jeffrey Epstein Organizations: Abercrombie, US, of, of New York, Prosecutors, Eastern Locations: Manhattan, Eastern, of New, Court, Florida, America, New York, of New York

☆ 12-year-old boy dead after falling through ice in Albany, New York. 11-year-old girl in critical condition after trying to save him.
▼ + stars: | 2024-12-10 | by ( Dawn Sawyer | ) edition.cnn.com time to read: +5 min

CNN —An 11-year-old girl was left fighting for her life and a 12-year-old boy died after falling into the ice of Washington Park Lake in Albany, New York, on Saturday. The boy was found dead at the scene, and the girl is in critical condition after falling in while trying to save him. She was listed in critical condition as of Sunday, according to a statement from North Albany Middle School. There was also a specialized water unit with water rescue equipment dispatched to the scene, Albany Chief of Fire and Emergency Services Joseph Gregory told the Times Union. “This is a terrible tragedy, and we are grieving as a school community.”The Albany school district is providing crisis services for students and school employees needing support after the accident, according to the school district.

Persons: Joseph Gregory, ” Gregory, Kathy Sheehan, ” Sheehan, “, Joseph Hochreiter, ” Mayor Sheehan, WRGB, Gregory, ” Organizations: CNN, Albany Police Department, Times Union, Albany Medical Center Hospital, Albany Middle School, New York, Police, Emergency, Officers, Washington Park Conservancy, Team, ” City School District, North Albany Middle School, Albany Police, WRGB, Parks and Recreation Association, ” Locations: Washington, Lake, Albany , New York, Albany, ”

☆ Costco stock is not cheap. Here's why Jim Cramer says the premium is more than worth it
▼ + stars: | 2024-12-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Another banner year for Costco shares has prompted some on Wall Street to question whether the stock is out over its skis. The longtime Club stock has trounced the market this year, advancing around 50%. On Tuesday, Wall Street firm Oppenheimer upped its price target on Costco shares to $1,075 each from $980, implying roughly 9% upside from Monday's close. Jim said Costco's subscription model, with impressive membership renewal rates above 90%, helps justify his long-term confidence in the stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Oppenheimer, They're, LSEG, Jim, Jim Cramer's, Justin Sullivan Organizations: Costco, longtime Club, Wall, Bank of America, Jefferies, Investors, Shoppers, Walmart, Charitable Trust, CNBC, Netflix, Trust Locations: Costco, Richmond , California

☆ Marc Benioff says Big Tech's 'excessive' AI spending is a 'race to the bottom'
▼ + stars: | 2024-12-10 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Marc Benioff said some of its rivals are in "a race to the bottom" with "excessive" AI spending. AdvertisementSalesforce's CEO says the company isn't spending as lavishly on AI as some of its tech peers — and he isn't worried about falling behind. Instead, Marc Benioff says the company will capitalize on the vast AI spending gap between it and some of its competitors and avoid a "race to the bottom." Benioff said some of Salesforce's competitors were "excessive" with their AI spending and "it's becoming a race to the bottom for some of these companies." He also highlighted that some have invested in nuclear energy and nuclear power plants.

Persons: Salesforce, Marc Benioff, —, Kara Swisher, Einstein, it's, Benioff, Kairos Power, Meta, Aravind Srinivas Organizations: Amazon Web Services, Google, Meta, Microsoft, Kairos Locations: Stanford

☆ Goldman's favorite retail stocks for 2025 including an under-the-radar discounter
▼ + stars: | 2024-12-10 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Goldman Sachs sees an improved path ahead for retail stocks and offered some ways to play the space. Managing director Kate McShane said retail stocks should continue to rise in 2025. Plus, some retail stocks should be helped by company efforts to build out alternative revenue streams, she added. In this environment, McShane told clients about long ideas that fit these themes and her favorite stock ideas within the space. However, after 2024's big run, the average analyst polled by LSEG sees shares pulling back about 5%.

Persons: Goldman Sachs, Kate McShane, McShane, Donald Trump, OLLI, FactSet, LSEG, AutoZone Organizations: President, Revenue, Walmart Locations: Pennsylvania, Minnesota, Williams, Sonoma

☆ Cincinnati Bengals offense cuts to the Chase as Dallas Cowboys are doomed by their own blocked punt
▼ + stars: | 2024-12-10 | by ( Kevin Dotson | ) edition.cnn.com time to read: +3 min

With both teams’ hopes of making the playoffs all but evaporated, the Dallas Cowboys and Cincinnati Bengals played like a couple teams with nothing left to lose. In the end, it was a Dallas blocked punt that actually doomed the Cowboys, who lost the game 27-20 in stunning fashion at home. The Cowboys fans at AT&T Stadium erupted as Nick Vigil blocked the Bengals’ punt, but delight turned to despair when the Cowboys’ Amani Oruwariye mishandled the blocked ball. Cincinnati Bengals running back Chase Brown jumped into the Salvation Army kettle after a touchdown catch against the Dallas Cowboys. York, who was just signed by Cincinnati on Wednesday, got to make his Bengals’ debut in front of his girlfriend, Dallas Cowboys cheerleader Zoë Dale.

Persons: ’, Nick Vigil, Amani Oruwariye, Oruwariye, Njongmeta, Chase Brown, Chase, Joe Burrow, ”, Burrow, Brown, Julio Cortez, Brandon Aubrey, Cade York’s, Zoë Dale, Jerry Jones, “, Ja’Marr Chase Organizations: CNN, Dallas Cowboys, Cincinnati Bengals, Cowboys, Dallas, Bengals, The Cowboys, T, Cincinnati, ” Bengals, Chase, Army, Cooper, York, ” Cowboys Locations: Dallas, Big

☆ Stocks making the biggest moves premarket: Oracle, Alaska Air, MongoDB, HealthEquity and more
▼ + stars: | 2024-12-10 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Oracle — The database software company slid roughly 7% after posting fiscal second-quarter earnings and revenue that lagged analysts' estimates. However, the stock posted a fiscal third-quarter earnings and revenue beat and raised its fourth-quarter forecast. MongoDB now expects its adjusted earnings to come in between 62 to 65 cents per share, higher than the per-share consensus of 58 cents, according to LSEG. The firm also guided for revenue of between $515 million to $519 million, against the expected $509 million. Alaska Air Group — The Seattle-based carrier guided 4Q results higher and set a $1b buyback, sending the stock 11% higher.

Persons: Michael Gordon, Bernstein, LSEG, Toll's, John Colantuoni, Jefferies, Centene, David Windley, Piper Sandler, Donald Trump, Brian Violino, Goldman Sachs, Goldman, — CNBC's Michelle Fox, Alex Harring, Yun Li, Sarah Min, Jesse Pound, Pia Singh Organizations: Oracle, Alaska Air Group, American Airlines, Revenue, eBay, Jefferies, Wedbush Securities, South, Cruise Locations: Seattle, Alaska, Tokyo, Seoul, Fort Worth, FactSet, China, South Texas, Miami

☆ We're buying more shares of a company that makes a key part of AI data centers
▼ + stars: | 2024-12-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following Tuesday's trade, Jim Cramer's Charitable Trust will own 540 shares of DOV, increasing its weighting to 3% from 2.8%. We're using some of the proceeds from Tuesday morning's Alphabet sale to pick up more shares in Dover. 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.

Persons: Jim Cramer's, DOV, Donald Trump's, Trump, DOV YTD, Richard Tobin, abate —, GOOGL, Jim Cramer, Jim Organizations: Dover, Nvidia, Citi, CNBC Locations: Dover

☆ Charts show bitcoin and ether could stall for another couple weeks before resuming their uptrend
▼ + stars: | 2024-12-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin could see another couple weeks of stagnation as recent gains are absorbed before resuming its uptrend, according to Fairlead Strategies. "After failing to hold above $100,000, bitcoin is confirming a short-term counter-trend 'sell' signal ... [which] supports two more weeks of consolidation." With resistance at $100,000, Fairlead puts bitcoin support at about $84,700, or its 50-day moving average. While bitcoin should outperform near-term, ether is now better positioned to outperform in the intermediate term, she added. Ether still positive Ari Wald, chart analyst at Oppenheimer, noted that ether hasn't rallied to a new multi-year high the way bitcoin has, "indicating ETH has been relatively weaker."

Persons: cryptocurrency, Katie Stockton, bitcoin, Fairlead, Ari Wald, Oppenheimer, hasn't, Wald, Rob Ginsberg Organizations: Metrics, Wolfe Research Locations: bitcoin, Stockton

☆ Gold hits two-week high in the run-up to U.S. inflation data
▼ + stars: | 2024-12-10 | by ( ) www.cnbc.com time to read: +2 min

Gold bar replicas are displayed at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. Gold prices hit a two-week high on Tuesday, underpinned by rising geopolitical tensions and expectations of a third U.S. rate cut by the Federal Reserve next week, while the market's gaze shifted to Wednesday's U.S. inflation data. "The CPI data will have limited impact on gold, especially if we get a print around the expected figure. Gold is considered a safe investment during economic and geopolitical turmoil and tends to thrive in a lower interest rate environment. Spot silver added 0.6% to $32.00 per ounce, platinum fell 0.4% to $935.55 and palladium was down 0.6% at $968.00.

Persons: Peter Grant, Fawad, Razaqzada Organizations: Developers Association of Canada, Federal Reserve, Wednesday's, Zaner Metals, Bank of, ECB, SNB, U.S . Consumer, Index, Forex.com Locations: Toronto , Ontario, Canada, U.S, Bank of Canada, China

☆ ‘No winners’: China’s Xi warns US against a trade war
▼ + stars: | 2024-12-10 | by ( Juliana Liu | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Chinese leader Xi Jinping has warned the United States against restarting a trade war, saying there would be “no winners” even as he vowed to defend the country’s economic interests. “Tariff wars, trade wars, and technology wars go against the historical trend and economic laws, and there will be no winners,” Xi said according to state broadcaster CCTV. China has always believed that only when China is good can the world be good. “We doubt this marks an end to China’s recent export boom,” Zichun Huang of Capital Economics wrote in a research note. “It is likely that China would continue to improve trade relations through lower export tax rebate and clearer rules including government procurement,” Citi economists wrote on Monday.

Persons: Xi Jinping, Xi, Donald Trump, ” Xi, Jake Sullivan, Biden, Trump, “, Zichun Huang, ”, Economists Organizations: Hong Kong CNN, World Bank, International Monetary Fund, Nvidia, US National Security, NBC, China’s Foreign, Reuters, Capital Economics, Communist, ” Citi Locations: China, Hong Kong, United States, Washington, Beijing, “

During the first nine months of 2024, international arrivals worldwide reached 98% of pre-pandemic levels, compared to the same period in 2019, it said. The remaining 2% gap will close this month, according to the organization, marking a momentous shift in the industry into a new era of growth. Growth in the region during that timeframe was led by an increase of visitors to Qatar (+141%) and Saudi Arabia (+61%), it said. Epicenter of global growthInternational travel in Asia-Pacific may be lagging behind today, but it's expected to be the epicenter of global travel growth in the coming decades. 'Back with a vengeance'Global recovery has been thwarted by the slow return of two types of travelers: Chinese outbound travelers and business travelers.

Persons: Alan Watts, Hilton, Watts, Anthony Capuano Organizations: Council International Asia, Indonesia . Hospitality, Hilton's, Marriott International, Sheraton, CNBC Travel, Marriott Locations: U.N . Tourism, Qatar, Saudi Arabia, Africa, Europe, Americas, Asia, Pacific, Middle, China, India, Indonesia, Hilton's Asia, Vietnam, Japan, Southeast Asia

☆ This is the best time of year to buy a used car — wait for Memorial Day, and you'll miss it
▼ + stars: | 2024-12-10 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

If you're in the market for a used car, the best time of the year to buy one is fast approaching. New Year's Eve and New Year's Day are the best days of the year to buy a used car, because there are 47.9% more deals than average, according to a new analysis by iSeeCars, a search engine for used cars. To determine the best and worst times of the year to buy a used car, the site examined 39 million used car sales from 2023 and 2024. In the third quarter of 2024, used vehicle prices dropped to an average $27,177, down 6.2% from $28,960 a year prior, the car shopping site found. Here's what you need to know if you're in the market for a used car, according to experts.

Persons: Karl Brauer, Brauer, iSeeCars, APRs, Ivan Drury Organizations: iSeeCars, Finance Locations: Edmunds

☆ 2024 NFL playoff picture: who’s in, who’s out and who’s in the mix after Week 14
▼ + stars: | 2024-12-10 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

CNN —The 2024 NFL season is coming down to the wire and that can only mean one thing: playoff football is just round the corner. After Week 14 of the season, four teams across the two conferences have booked their spots in the playoffs already. In the AFC, the picture looks fairly set with five teams close to booking their place in the postseason. The Seahawks hold a one-game lead over the Los Angeles Rams in their division, with the two teams facing off in Week 18. Brad Penner/USA TODAY Sports/ReutersThere are many more teams in the AFC who will not be in the playoffs.

Persons: Josh Allen, Gary A, Vasquez, Nick Wass, Vince Lombardi, Daniel Jones, Brian Daboll, Brad Penner, – Organizations: CNN, AFC, Kansas City Chiefs, Buffalo Bills, Chiefs, AFC East, Reuters, NFC, Detroit Lions, Philadelphia Eagles, The Pittsburgh Steelers, Baltimore Ravens, AFC North, The Houston Texans, Indianapolis Colts, Ravens, Los Angeles Chargers, Denver Broncos, Colts, Miami Dolphins, Cincinnati Bengals, NFL.com, Seattle Seahawks, Tampa Bay Buccaneers, NFC West, Seahawks, Los Angeles Rams, Bucs, Atlanta Falcons ’, Minnesota Vikings, Green Bay Packers, Washington, Rams, Bills, Falcons, Arizona Cardinals, San Francisco 49ers, New, New Orleans Saints, Dallas Cowboys, Chicago Bears, Carolina Panthers, New York Giants, Giants, The Cleveland Browns, Jacksonville Jaguars, New York Jets, Tennessee Titans, New England Patriots, Las Vegas Raiders, Pittsburgh Steelers, Houston Texans, Cleveland Browns, Atlanta Falcons Locations: Kansas, New Orleans

☆ Kroger's $25 billion acquisition of Albertsons was blocked, marking a win for the FTC
▼ + stars: | 2024-12-10 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

Kroger's proposed $24.6 billion acquisition of Albertsons was blocked by a federal judge. The acquisition would be the largest supermarket merger in US history. Kroger's $24.6 billion proposed acquisition of Albertsons was blocked by a federal judge on Tuesday, marking a win for the Federal Trade Commission that could ultimately sink the deal. The acquisition would be the largest supermarket merger in US history. They also said the deal would lead to lower prices for some consumers, citing higher prices at Albertsons stores compared to Kroger.

Persons: Kroger's, Adrienne Nelson, Kroger, Matthew Wolf, Lina Khan Organizations: Albertsons, FTC, Federal Trade Commission, Business, Lawyers, Kroger, Walmart, Costco Locations: Oregon

☆ Yankees to sign lefty Max Fried to 8-year, $218 million contract
▼ + stars: | 2024-12-10 | by ( David O'Brien | ) www.nytimes.com time to read: +5 min

On Tuesday, Fried agreed to sign an eight-year, $218 million deal with the New York Yankees, a league source confirmed to The Athletic. The deal, first reported by ESPN, is the most lucrative ever for a left-handed pitcher and the fourth-largest pitching contract overall. Source confirms: Max Fried to Yankees, eight years, $218M, pending physical. 4 ranked free agent, and was projected by The Athletic’s Tim Britton to sign a five-year deal worth $140 million. Over his final 11 regular season starts in 2024, he went 5-6 with a 3.53 ERA.

Persons: DALLAS —, Max Fried, John Smoltz, Fried, Juan Soto, Ken Rosenthal, — Ken Rosenthal, Tim Britton, he’s, Gerrit Cole, —, Cole, Justin Upton, Jack Flaherty, Lucas Giolito —, Tommy John, Tim Hudson, Smoltz, Tom Glavine, Greg Maddux, Cy Young, Sandy Alcantara, Freddie Freeman, Dansby Swanson, Sean M Organizations: DALLAS, Atlanta Braves, of Fame, New York Yankees, The Athletic, ESPN, Yankees, Boston Red Sox, Toronto Blue Jays, Braves, neuritis, NL, San Diego Padres, soreness, Harvard, Westlake High School, Los Angeles —, Padres, Philadelphia Phillies, East, Atlanta, Philadelphia Locations: Atlanta, Los Angeles

☆ Jim Cramer suggests Oracle can be bought on weakness and C3.ai sold into strength
▼ + stars: | 2024-12-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Tuesday compared Oracle and C3.ai , enterprise software companies in the spotlight as Wall Street continues to flock to many stocks involved with artificial intelligence. He advised buying Oracle on weakness and selling C3.ai into strength. C3.ai stock jumped during the day's session as the company beat expectations — it declined somewhat by close, but still managed to finish up 0.12%. But Cramer noted there are a large number of companies running hot just because they're related to AI, and C3.ai could be among them. To Cramer, Oracle's pullback may be a unique chance to get in on a solid company.

Persons: CNBC's Jim Cramer, it's, Tuesday's, Cramer chalked, Cramer Organizations: Oracle, Nvidia, Meta, C3, Microsoft

☆ Amazon's pharmacy business is expected to reach $2 billion in sales as shopper interest skyrockets, a top analyst says
▼ + stars: | 2024-12-10 | by ( Eugene Kim | ) www.businessinsider.com time to read: +2 min

Interest in Amazon's online pharmacy service rose to 45% from 34% last year. Amazon's online pharmacy business is drawing significantly more customer interest now, and it could generate roughly $2 billion in revenue this year, according to financial firm Evercore. AdvertisementIn a note published last week, Evercore analyst Mark Mahaney highlighted his firm's recent survey showing rising interest in and usage of Amazon Pharmacy. All this could result in roughly $2 billion in revenue for Amazon's pharmacy business, Evercore estimated, based on "several sources." Business Insider previously reported that Amazon's internal forecast showed its pharmacy business generating $1.8 billion in sales after recording $1.25 billion last year.

Persons: Mark Mahaney, Evercore, Mahaney Organizations: Amazon, Amazon Pharmacy, Wall Street, Walgreens

☆ OpenAI CEO Sam Altman makes $76,000 a year, doesn't own any equity in his company: 'This is my childhood dream job'
▼ + stars: | 2024-12-10 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Unlike other high-paid tech executives, OpenAI CEO Sam Altman says he accepts a smaller paycheck to do work he loves. OpenAI is currently a nonprofit company with a for-profit arm, which Altman runs. OpenAI was most recently valued at $157 billion, meaning even a 1% stake would be worth $1.57 billion. Elon Musk recently lost a bid to receive a $56 billion salary package, the largest compensation plan for a public company executive in U.S. history, at Tesla. Musk, who's also an OpenAI co-founder, is currently suing OpenAI in an attempt to prevent it from fully becoming a for-profit company.

Persons: Sam Altman, Altman, OpenAI, Jeff Bezos, Elon Musk, who's Organizations: New York Times, Silicon, Forbes, Bloomberg, Amazon, Elon, Tesla, CNBC Locations: OpenAI, DealBook

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