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☆ Apple cut more than 600 California employees after retreating from its car and screen projects
▼ + stars: | 2024-04-05 | by ( Meghan Morris | ) www.businessinsider.com time to read: +2 min

Apple has cut over 600 employees in California as it pulls back from two major projects. The layoffs follow struggles with cost overruns and delays in Apple's electric car and screen projects. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs Apple retreats from two ambitious projects, the tech giant has cut more than 600 employees in California, per filings with the state. Related storiesIn late February, Apple told the 2,000 employees working on its electric car that the project would wind down, Bloomberg first reported.

Persons: —, Apple Organizations: Apple, Service, Santa, Bloomberg, EV, Apple Watch, Business Insider Locations: California

☆ Apple lays off over 600 California employees after shuttering car project
▼ + stars: | 2024-04-04 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Tim Cook, CEO of Apple, during an event at Apple Park campus in Cupertino, California, Sept. 12, 2023. Apple is laying off 614 workers in California, according to a new state filing, the company's first significant round of job cuts since the pandemic. The affected Apple employees worked at eight different facilities in Santa Clara, according to the WARN notice posted by California. The filing comes weeks after Apple canceled a long-running project to build an electric, self-driving car in a team called the Special Projects Group. Positions that were cut include machine shop managers, hardware engineers and product design engineers, according to the San Francisco Chronicle.

Persons: Tim Cook, Apple hasn't Organizations: Apple, San Francisco Chronicle Locations: Cupertino , California, California, Santa Clara, Cupertino

☆ Meet Sharon Zhou, the AI founder doing just fine without Nvidia's chips
▼ + stars: | 2024-04-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

The Santa Clara giant's chips, known as GPUs, became the hottest property of the generative AI boom. In April last year, Zhou and her cofounder Greg Diamos, based in Palo Alto, brought their new startup, Lamini AI, out of stealth. It makes using AI models with GPUs like the H100 and Nvidia's new Blackwell chip, as simple as a plug-and-play system. Fortunately for them, after consulting with Diamos, according to Zhou, AMD was on its way to building a rival system that they would eventually test. it's indiscernible to customers to run Lamini on Nvidia and AMD GPUs," she explained.

Persons: —, giant's, Mark Zuckerberg, Sam Altman, hasn't, Jensen Huang, Sharon Zhou, Andrew Ng, Zhou, Greg Diamos, Lisa Su Organizations: Service, Nvidia, Business, Harvard, Stanford, Anthropic, Amazon, AMD Locations: Santa, Palo Alto, OpenAI

☆ 2 people were just arrested on suspicion of stealing a Stanley Starbucks cup from Target in January
▼ + stars: | 2024-03-29 | by ( Grace Dean | Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Two people were arrested this week on suspicion of stealing a Stanley cup from a Target in January. AdvertisementTwo people were arrested Tuesday and charged in connection with the theft in January of a Starbucks Stanley cup from a Target store in Cupertino, California. "The male suspect grabbed a box behind the counter that contained the limited-edition Stanley cup and attempted to leave the store." The woman also tried to take a Starbucks bag, believed to have contained another Stanley cup, from another customer, the sheriff's office said. Collectors are also hotly anticipating the impending launch of the "Spring Blue" quencher from Stanley and Starbucks, which will be sold at Target Starbucks locations.

Persons: Stanley, —, Quencher, Kevin Torres, Cruz, Hazel Dominguez, Vera Organizations: Starbucks, Sheriff's, Service, Target, Business Locations: Santa Clara, Cupertino , California, Starbucks cafés, Target, Stanley

☆ Who is Nicole Shanahan, RFK Jr.’s vice presidential pick?
▼ + stars: | 2024-03-26 | by ( Gregory Krieg | Aaron Pellish | ) edition.cnn.com time to read: +5 min

CNN —Independent presidential candidate Robert F. Kennedy Jr. named Silicon Valley attorney and entrepreneur Nicole Shanahan as his vice presidential pick at a campaign rally Tuesday in her hometown of Oakland, California. Kennedy’s campaign is hoping Shanahan’s youth and fluency in the tech world’s anti-establishment rhetoric will help him expand and excite his base of support. “I had a very hard childhood with a lot of sadness, fear and instability,” Shanahan told People. The spot repurposed video from the 1960 presidential campaign of Kennedy’s uncle, John F. Kennedy, and drew criticism from several Kennedy family members. Shanahan told People magazine last year that part of her group’s work is focused on finding a cure for autism.

Persons: Robert F, Kennedy Jr, Nicole Shanahan, Shanahan, Kennedy, ‘, “, ” Shanahan, Sergey Brin, John F, Joe Biden’s, ”, vaxxer ’ Shanahan, Bobby, Brin, Elon Musk, Musk Organizations: CNN, Independent, Democratic, People, Google, New York Times, Kennedy, PAC, Newsweek, Times, Children’s Health Defense, Echo Foundation, Street Journal, Wall, University of Puget Sound, Santa Clara University, Stanford Law School’s Center, Legal Informatics Locations: Silicon, Oakland , California, An Oakland, China, Bia, Washington, Bay

☆ A UPenn student started a YouTube channel. In weeks, her face was stolen on China's social media.
▼ + stars: | 2024-03-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +12 min

That message included a link to a video on Xiaohongshu, a social media platform rapidly gaining steam in China. The student started her self-empowerment channel in November and has so far published eight videos and seven YouTube Shorts. The Xiaohongshu deepfakes of other YouTubers do the same. In a matter of about 10 minutes, BI found deepfake videos of at least five caucasian women on Xiaohongshu. But at least one Chinese deepfake version of Blakely has a different agenda to share on Xiaohongshu.

Persons: —, Olga Loiek, Loiek, Vladimir Putin, Loeik, Weibo, someone's, Lyu Siwei, it's, Haibing Lu, they've, Xiaohongshu, Natasha, she's, Annie, Sophia Elena, Katyusha, China, Lana Blakely, Blakely, Elizabeth Filips, Serbia, Filips, Lyu, Vincent Conitzer, Conitzer, Lu, Lyu who's, he's, Roy, Ari Lightman, she'll Organizations: Service, Business, Kremlin, YouTube, WhatsApp, Facebook, Media, University at Buffalo, Santa Clara University, University of Pennsylvania, BI, Russia, Institute for, Oxford University, Social, Carnegie Mellon University Locations: Munich, China, Moscow, Ukraine, Santa, China's Heilongjiang, Germany, Xiaohongshu, Russian, Russia, Stockholm, Xiaohongshu London, Pakistan

☆ How to stop your internet-connected car from sharing and maybe even selling your driving data
▼ + stars: | 2024-03-23 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

"The amount of personal and car information that car companies collect, share and sometimes sell is beyond what is necessary to get someone from Point A to Point B safely. But there are growing privacy concerns as reports proliferate about car companies sharing driver data with insurers, and as car companies get into the insurance business themselves. To be sure, there can be valid reasons to collect driver and car data for safety and functionality purposes, and some essential services, such as emergency and security-related data sharing, may be difficult or impossible to opt out of. Ford, for example, said it provides customers with a choice regarding any sharing of connected vehicle data. The government is looking at car privacy regulationsThere are various regulatory efforts afoot to understand carmakers' data-sharing practices and reign in potential privacy violations.

Persons: Jen Caltrider, There's, That's, James Hodgson, Parv Sharma, Caltrider, Cobun Zweifel, Mo Al, Keegan, Edward J, Markey, Eric Goldman, Hodgson, It's Organizations: Mozilla Foundation, Mozilla, ABI Research, McKinsey, Counterpoint Technology Market Research, Ford, Hyundai, Nissan, BMW, Keegan, International Association of Privacy, SBD Automotive, Protection Agency, Federal Trade Commission, Zweifel, Senate Commerce, Science, Transportation, Santa Clara University School of Law, Apple Locations: U.S, California , Colorado, Connecticut, California

☆ Welcome to Nvidia's super chip era
▼ + stars: | 2024-03-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Jensen Huang declared the start of the "super-chip" era on Monday. The Nvidia CEO ushered in a new phase for his sector by unveiling a new breed of chips to power AI. And promises to power AI models on the trillion-parameter scale instead of the multi-billion-parameter scale of models like Meta's Llama 2. — Pedro Domingos (@pmddomingos) March 18, 2024It indicates just how much more buzz Nvidia hopes to generate in its "super-chip" era. Huang is clear though that the "super-chip" era is here.

Persons: Jensen Huang, Mark Zuckerberg, Sam Altman, —, George Lucas, Trevor Noah, Kendrick Lamar, ChatGPT, Huang, Lisa Su, It's, Blackwell, Michael Dell, Satya Nadella, Elon Musk, Larry Ellison, Andy Jassy, Altman, Zuckerberg, Pedro Domingos, Jensen, — Pedro Domingos Organizations: Nvidia, Service, Woodstock, ChatGPT, AMD, Big Tech, University of Washington Locations: San Jose, Santa Clara, Silicon Valley, @pmddomingos

CNBC embedded with teams from HSI and California Highway Patrol to witness four organized retail crime operations for this investigation. CNBCAt the bottom of organized retail crime rings are boosters — the people who go into stores and take the items. A bin filled with sparkly silver boots that police suspect an alleged San Jose, California, crime ring stole from T.J. Maxx. In a statement, a TJX spokesperson said the company is "thankful" for CHP's efforts and is taking organized retail crime "very seriously." Court records filed in connection with the case provide a rare glimpse into the inner workings of an alleged organized retail crime ring.

Persons: Michelle Mack, Mack, Michelle Mack's, Louis Vuitton, Adam Parks, they've, Parks, HSI, It's, Joaquin, El, Guzman, Scott Robles, Robles, moisturizer, Allegra, Maxx, Gabrielle Fonrouge, Manny Nevarez, TJX, Michael Ball, Diego, Donna Washburn, Washburn, Mack —, we'll, Charlotte, Estee Lauder, masterminding, Rob Bonta, Kenneth Mack, Bonta, Kimora Lee Gooding texted Michelle Mack, Jan, Gooding, Andrew Barclay, Scott, let's, Kenneth Mack texted Michelle Mack, Michelle Mack texted Alina Franco, Sephora, Prada, Ulta's, Dave Kimbell, Kimbell Organizations: Police, CNBC, Patrol, Homeland Security Investigations, Department of Homeland, New, U.S . Custom House, Operation French, Walgreens, New Orleans Public, Federal, Gillette, CHP, TJX Companies, Bay Area, CNBC Police, Flea, Santa, Attorney, Capitol Flea, L'Oreal, Macy's, Body Locations: San Diego, Bonsall , California, California, Washington , Utah , Oregon, Colorado , Arizona , Illinois , Texas, Florida , Pennsylvania, Massachusetts, Ohio, U.S, Baton Rouge , Louisiana, HSI, New Orleans, Orleans, San Jose, Jose , California, Maxx, Bay, Bay Area, San Jose , California, Santa Clara, Washburn, St, Augustine , Florida, Charlotte Tilbury, Prada, LensCrafters

☆ Marvell shares fall as chipmaker forecasts downbeat first-quarter results on weak enterprise demand
▼ + stars: | 2024-03-07 | by ( ) www.cnbc.com time to read: +1 min

The Marvell Technology Group Ltd. headquarters building stands in Santa Clara, California, U.S., on Tuesday, Feb. 8, 2011. Marvell Technology forecast first-quarter results below market expectations on Thursday, hurt by weak demand for its custom chips used in artificial intelligence applications, sending the company's shares down about 8% in extended trade. The company had flagged in November that it expects roughly half its revenue to decline in the first quarter, weighed down by weak demand in its wireless carrier and enterprise markets. The company forecast first-quarter adjusted earnings per share of 23 cents, plus or minus 5 cents, compared with estimates of 40 cents per share, according to LSEG data. The company reported fourth-quarter revenue of $1.43 billion, beating estimates of $1.42 billion, on the back of rapid adoption of artificial intelligence.

Persons: Marvell, Matt Murphy Organizations: Marvell Technology Group, Marvell Technology, Marvell, Revenue Locations: Santa Clara , California, U.S, Marvell

☆ Nvidia's directors bagged $80 million last week in a selling spree following the company's blowout results
▼ + stars: | 2024-02-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Nvidia directors sold 99,000 shares worth about $80 million last week. Nvidia's insider stock sale last week was the most in a month since SeptemberNEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Last week, Nvidia directors sold 99,000 shares worth about $80 million, according to the Santa Clara-based company's Form 4 filings with the US Securities and Exchange Commission. The share disposals by Nvidia directors were made in the days following Nvidia's earnings beat in the fourth quarter, sending the stock to its record high. Nvidia's stock surge has also made Huang one of the richest people in the world.

Persons: —, Jensen Huang, Huang Organizations: Nvidia, Service, US Securities and Exchange Commission, Bloomberg, Washington Service Locations: Santa Clara

☆ An abrupt exit at a Goldman Sachs-backed crypto bank spotlights the industry's tug-of-war with regulators
▼ + stars: | 2024-02-26 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.

Persons: —, Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal

☆ Americans have racked up a trillion dollars in credit card debt. That’s actually okay
▼ + stars: | 2024-02-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —Americans racked up a record amount of credit card debt in 2023, soaring past a trillion dollars. “Consumers still have a lot of money left over to be able to spend, so the credit card data is often misinterpreted,” Russell Price, chief economist at Ameriprise Financial, told CNN. According to a LendingTree analysis of more than 350,000 credit reports, the average unpaid credit card balance was $6,864 in the fourth quarter. Overall, US household debt (including credit card balances) rose to a new high of $17.5 trillion in the fourth quarter, up 1.2% from the prior three-month period. So, while there certainly isn’t a shortage of economic hurdles bedeviling people’s budget — and credit card debt has surged — the big picture indicates that, so far, Americans (and their economy) remain healthy.

Persons: ” Russell Price, Price, haven’t, market’s, ” Gregory Daco, ” Lara Rhame, Laura, Jensen Huang, Christine Lagarde, Virgin, Michael Barr, Raphael Bostic, Susan Collins, John Williams, Papa, Austan Goolsbee, Loretta Mester, fuboTV, Christopher Waller, Mary Daly, Adriana Kugler Organizations: CNN Business, Bell, DC CNN, Workers, New York Fed, Consumers, Ameriprise, CNN, Federal Reserve Bank of New, . New York Fed, Employers, Soaring, FS Investments, Nvidia, Huawei, AMD, Microsoft, Broadcom, US Commerce Department, Central Bank, eBay, Smucker, Urban Outfitters, Global, Board, TJX, Monster Beverage, Baidu, HP, Paramount Global, Anheuser, Busch Inbev, Dell Technologies, Papa John’s, US Labor Department, National Association of Realtors, P, China’s National Bureau, Statistics, Pearson, P Global, Institute for Supply Management, University of Michigan Locations: Washington, Federal Reserve Bank of New York, ., EY, Santa Clara, Singapore, Shenzhen, China, Beijing, CAVA

☆ Jensen Huang, the CEO of Nvidia, is on the cusp of becoming one of the richest 20 people in the world
▼ + stars: | 2024-02-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Nvidia's stock surge has boosted cofounder and CEO Jensen Huang's net worth. Huang, now worth nearly $70 billion, is close to entering the ranks of the world's top 20 billionaires. Nvidia's share price surge is thanks to a boom in artificial intelligence and impressive company earnings. Since the start of 2022, Nvidia's stock price has increased five times, sending the fortune of cofounder and CEO Jensen Huang skyrocketing. Now worth nearly $70 billion, the 61-year-old Huang — who owns 3.5% of Nvidia — is on the cusp of breaking into the ranks of the world's top 20 billionaires on the Bloomberg Billionaires Index.

Persons: Jensen, Huang, —, Jensen Huang skyrocketing, Huang — Organizations: Service, Nvidia, Bloomberg, Business Locations: Santa Clara

☆ Nvidia names Huawei a top competitor in major areas including AI chips
▼ + stars: | 2024-02-23 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Nvidia has named Huawei a top competitor in a number of areas, including in the crucial production of processors that power artificial intelligence (AI) systems. Other companies also listed as its rivals in some areas include AMD, Amazon (AMZN), Microsoft (MSFT) and Broadcom (AVGO). In October 2022, the Biden administration imposed sweeping curbs designed to curtail China’s access to advanced computing chips. In July, it imposed export controls on two strategic raw materials, gallium and germanium, that are critical to the global chipmaking industry. Data centers, which includes the graphics cards that are widely use in generative AI, are Nvidia’s biggest source of revenue.

Persons: Jensen Huang, Biden, ” Colette Kress, CNN’s Rob McLean, David Goldman Organizations: Hong Kong CNN, Nvidia, Huawei, AMD, Microsoft, Broadcom, CNN, Micron, “ Locations: China, Hong Kong, Santa Clara, Singapore, Shenzhen, Beijing, Washington, Japan, Netherlands, ”, “

☆ DuPont is turning, plus the Nvidia halo and how to play Palo Alto's sell-off
▼ + stars: | 2024-02-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

In the Nvidia halo, Jim Cramer likes ServiceNow , and of the semiconductor capital equipment makers he says Lam Research is the best. Looking to pick up PANW: Jim Cramer says the Palo Alto Networks sell-off is still overdone by about 25 points. 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, Eaton, ServiceNow, Lam, Ed Breen's, Cramer, Breen, Jim Cramer's, Jim, David Paul Morris Organizations: CNBC, Nvidia, Nasdaq, Broadcom, Microsoft, Lam Research, Palo Alto Networks, DuPont, Barclays Industrials, Coterra Energy, Intuit, Warner Bros Discovery, Jim Cramer's Charitable, Bloomberg, Getty Locations: We're, DuPont, Santa Clara , California

☆ You can now get Tesla's Cybertruck in 3 more colors, including 'satin abyss blue,' if you're willing to pay up to $6,500 more
▼ + stars: | 2024-02-22 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Tesla has added three new Cybertruck color wraps — costing up to $6,500 — to its online shop. Its website said the wraps are only available at four Tesla service centers in California. The colors "stealth black" and "satin ceramic white" have been available since December. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: Tesla, — Organizations: Service, Business Locations: California, West Covina, Oceanside, Costa Mesa, Santa Clara

☆ Jim Cramer says Nvidia CEO Jensen Huang is a bigger visionary than Elon Musk
▼ + stars: | 2024-02-22 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer said Thursday he believes Jensen Huang — the co-founder and CEO of leading artificial intelligence chipmaker Nvidia — is a bigger visionary than billionaire entrepreneur Elon Musk, whose panoply of companies includes Tesla , rocket maker SpaceX and brain-tech startup Neuralink. Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, has long been invested in Nvidia. Cramer has espoused the brilliance of Huang for years and even re-named his dog Nvidia. Ahead of earnings this time, Cramer equated Huang to popstar Taylor Swift , saying their success is unparalleled in their respective fields. And Musk is creating, singlehandedly, a way to be able to deliver things," Cramer continued.

Persons: CNBC's Jim Cramer, Jensen Huang —, Nvidia —, Elon Musk, Jensen, Cramer, Huang, Leonardo da Vinci, popstar Taylor Swift, Musk, Barnum Organizations: Nvidia, SpaceX, Trust, CNBC, Microsoft, Apple, Cramer's Trust, Ringling Bros, Barnum, Bailey Locations: Santa Clara , California

☆ Nvidia just showed the world it's the AI daddy
▼ + stars: | 2024-02-22 | by ( Hasan Chowdhury | George Glover | ) www.businessinsider.com time to read: +5 min

AdvertisementIt sure seems like Nvidia is everyone's AI daddy right now. But in case anyone needed another reminder of who the AI daddy is, Nvidia delivered it on Wednesday. Nvidia stock surged as much as 14% in premarket trading Thursday. There are a few reasons why Nvidia has become indispensable to tech firms trying to take advantage of the AI gold rush. Expect Nvidia to remain the AI daddy for the foreseeable future.

Persons: Jensen Huang, Mark Zuckerberg, Huang, Goldman Sachs, Lisa Su, Matt Bryson, Bryson, OpenAI's Sam Altman, SoftBank's, Kathleen Brooks, XTB Organizations: Nvidia, Microsoft, Meta, Reuters, Huawei, Technology, AMD Locations: Santa Clara, China

☆ Rolling Stones: Previously unseen photos to go on display in London
▼ + stars: | 2024-02-21 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

London CNN —Previously unseen photographs showing the Rolling Stones “at their decadent peak” are going on display at a London art gallery. Spanish Tony Media/Bayliss Rare Books“These recently rediscovered prints stand as one of the most important photographic records of The Rolling Stones to come to the market in years,” the statement reads. The show, titled “Elegantly Wasted,” will feature photos of the Stones “taken at their decadent peak,” according to the statement from Bayliss Rare Books and Spanish Tony Media. A contact sheet shows photographs taken at the Stones' legendary free concert in Hyde Park, London, in the summer of 1969. Spanish Tony Media/Bayliss Rare Books“Spanish Tony was a hard man.

Persons: “, Tony ” Sanchez, Mick Jagger, Brian Jones, Tony, Bayliss, “ Tony, ” Sanchez, ”, Oliver Bayliss, Keith Richards, Biff, ” Richards, Charlie Watts, Sydney Sweeney Organizations: London CNN, Tony Media, Swarkestone, Bayliss Locations: London, Derbyshire, England, British, Hyde Park , London, Canada, Houston, Santa Clara , California

☆ Nvidia tumbles ahead of earnings report, providing an opening for new investors
▼ + stars: | 2024-02-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Nvidia shares were down sharply, one day before the leading artificial intelligence chipmaker's pivotal earnings report Wednesday evening. Tuesday's stock decline presents a great entry point for investors who don't own Nvidia, according to Jim Cramer. Investors who have been waiting for an opportunity to own Nvidia are getting one Tuesday, Jim said. Even for investors who have long owned the stock, Nvidia's decline Tuesday was welcome news. That is especially true if Nvidia's results and guidance don't surpass expectations at all.

Persons: Jim Cramer, Nvidia's, Jim, outperformance, it's, Jim Cramer's, Marlena Sloss Organizations: Nvidia, Investors, Nvidia's, Microsoft, Meta, CNBC, Bloomberg, Getty Locations: Santa Clara , California

☆ These are the best—and worst—U.S. metro areas for first-time homebuyers
▼ + stars: | 2024-02-19 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

Creditnews ranked the10 best and 10 worst U.S. metro areas for first-time homebuyers in 2024. Creditnews Research analyzed America's 50 largest metro areas to find the best and worst housing markets for first-time buyers. The best metro area for first-time buyers: PittsburghPittsburgh is the No. 2 best metro area for first-time buyers, according to Creditnews. 10 worst metro areas for first-time homebuyers: San JoseThe San Jose-Sunnyvale-Santa Clara metro area was ranked the worst for first-time buyers in 2024.

Persons: Creditnews, Motley, Sir Francis Canker, Austin, Martin Vargas, Jose Organizations: Pittsburgh Pittsburgh, Hoover, AL Jacksonville, FL New, Fort, West Palm Beach , FL Dallas, Austin, U.S . Austin, , Texas, Fortune, Jose, eBay, PayPal, Jose , CA San, San Bernardino -, CA San, Hillsboro , WA Salt Lake, UT, San Diego Locations: U.S, Pittsburgh, Pennsylvania, Austin, , TX, Antonio, New Braunfels , TX Birmingham, AL, FL, FL New Orleans, Metairie , LA Miami, Fort Lauderdale, West Palm Beach ,, Fort Worth - Arlington , TX Cleveland, Elyria ,, Raleigh, NC, The Texas, ,, Texas, San Jose, Sunnyvale, Santa Clara, San Francisco, Silicon Valley, Jose , CA, Jose , CA San Diego, Carlsbad, CA Los Angeles, Long, Anaheim , CA Denver, Aurora, Lakewood, Riverside, San Bernardino, San Bernardino - Ontario, CA, CA San Francisco, Oakland, Hayward , CA, Warwick , RI Sacramento, Roseville, Arden, CA Portland, Vancouver, Hillsboro , WA Salt, Hillsboro , WA Salt Lake City, San Diego, Carlsbad , California, Los Angeles, San Diego , California

SANTA CLARA, Calif. (AP) — The San Francisco 49ers have fired defensive coordinator Steve Wilks three days after losing the Super Bowl to the Kansas City Chiefs. Coach Kyle Shanahan announced the decision on Wednesday to move on after one season with Wilks in charge of the defense. Shanahan called it a “really tough decision” but said he wants to find a coordinator who was a better scheme fit for the talent on San Francisco's defense. "We felt pretty strongly that this was the decision that was best for our organization,” he said. Passing game coordinator Klint Kubiak will become offensive coordinator in New Orleans, running backs coach Anthony Lynn will be run game coordinator in Washington, assistant defensive line coach Darryl Tapp will take over as defensive line coach in Washington and assistant offensive line coach James Cregg will become offensive line coach in Las Vegas.

Persons: Steve Wilks, Kyle Shanahan, Wilks, Shanahan, ”, ” Shanahan, DeMeco Ryans, Steve, Patrick Mahomes, Nick Bosa, Klint Kubiak, Anthony Lynn, Darryl Tapp, James Cregg, ___ Organizations: San Francisco 49ers, Super, Kansas City Chiefs, San, Niners, Chiefs, Kansas City Locations: SANTA CLARA, Calif, Houston, San Francisco, Green Bay, Detroit, New Orleans, Washington, Las Vegas

☆ Nvidia is now worth more than Alphabet, one day after surpassing Amazon
▼ + stars: | 2024-02-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

Nvidia’s market capitalization rose to $1.83 trillion on Wednesday, nudging past Alphabet’s $1.82 trillion market cap. Shares of the Santa Clara-based chipmaker rose 2.5% to $739 a share, while Alphabet shares ended the session at $145.94. Earlier this week, Nvidia surpassed Amazon, closing with a higher market cap on Tuesday for the first time since 2002. Nvidia has been the biggest beneficiary of the AI mania dominating Wall Street. Most of the Magnificent Seven, the group of tech stocks that have led the bull market, have continued to race even higher this year with Nvidia leading the pack.

Persons: ”, Dave Sekera, “, Jensen Huang, There’s, ” Huang, ” CNN’s Gayle Harrington Organizations: New, New York CNN, Nvidia, Amazon, Big Tech, Morningstar, CNN, World Locations: New York, Santa Clara, Dubai

SANTA CLARA, Calif. (AP) — Kyle Shanahan has heard the criticism that, for all his great accomplishments as head coach of the San Francisco 49ers, he is unable to win the big game. “I hope that I can be a part of a team that wins the game at the end of the year. But to say the Niners can’t win a big game would be an extremely inaccurate statement.”They have just been unable to win the ultimate prize despite coming so close in recent years. San Francisco blew a 10-point lead in the fourth quarter to the Chiefs to lose the Super Bowl following the 2019 season. Shanahan said he will go over almost every decision he made in the game, knowing one play could have been the difference.

Persons: — Kyle Shanahan, Shanahan, ” Shanahan, “, ”, Patrick Mahomes, “ I’m, Fred Warner, You've, Brock Purdy, playmakers, Christian McCaffrey, Brandon Aiyuk, George Kittle, Deebo Samuel, San Francisco, ” Purdy, Mahomes, Mecole Hardman, Steve Wilks, Wilks, Shanahan didn't, hadn't, Kyle Juszczyk, it’s, It’s, you’re Organizations: San Francisco 49ers, Niners, Kansas City Chiefs, Kansas, Chiefs, NFC, Los Angeles Rams, San, 49ers, Super Bowl, The Chiefs, NFL Locations: SANTA CLARA, Calif, Kansas City, Francisco, Philadelphia, San Francisco

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