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AdvertisementAWS has not committed to offering cloud access to AMD's AI chips in part due to low customer demand. AWS said it was considering offering AMD's new AI chips last year. Last year, Amazon Web Service said it was considering offering cloud access to AMD's latest AI chips. AdvertisementAWS is "not yet" seeing that high demand for AMD's AI chips, he added. AWS offers cloud access to AMD's CPU server chips, and AMD's AI chip product line is "always under consideration," he added.
Persons: AMD's, Gadi Hutt, Hutt, Nvidia's Organizations: AMD, Amazon Web Service, Annapurna Labs, Nvidia, AWS, Blackwell, Anthropic, Intel Locations: Hutt
Amazon unveiled a new series of AI models called Nova this week. Amazon believes AI models are not in a winner-take-all market. Google has a leading AI model in Gemini, but also provides access to other models through its Vertex cloud service, and Microsoft has a similar offering. As a result, Anthropic, which Menlo Ventures has backed, doubled its share in the AI model market to 24% this year, while OpenAI's share dropped from 50% to 34% year-over-year, according to the report. Having its own advanced, powerful AI models could help Amazon.
Persons: OpenAI, AWS's, Swami Sivasubramanian, Sivasubramanian, Swami Sivasubramanian Noah Berger, Noah Berger, ChatGPT, Andy Jassy, he's, Jassy, Rahul Parthak, Parthak Organizations: Amazon, Services, Companies, Google, Microsoft, Menlo Ventures, AWS
AdvertisementAuto execs see an opportunity to roll back state EV mandates under President-elect Donald Trump. Nissan and Toyota say state rules requiring a rapid uptick in EV sales are unrealistic. Some auto executives see an opportunity with the incoming Trump administration to roll back state rules requiring a rapid uptick in electric vehicle sales. AdvertisementNow the industry is strategizing how to influence Trump, including on EV sales requirements they view as too ambitious. Those federal rules aren't an "EV mandate," as Trump falsely said on the campaign trail.
Persons: Donald Trump, Trump, Papin, That's, EVs, Biden, Dave Kelleher, Karoline Leavitt, John Bozella, Jack Hollins, Paul Jacobson, Jacobson, It's Organizations: Nissan, Toyota, Trump, EV, Environmental Protection Agency, BMW, Ford, Honda, Volkswagen, Biden, EPA, Chrysler, Dodge, Alliance for Automotive Innovation, Natural Resources Defense Council, Street Journal, General Motors, California's EV, it's Locations: China, California, New York, Washington, DC, Washington ,, Michigan, Pennsylvania, It's China, it's Europe
Dollar General is testing same-day delivery to customers’ homes as the deep discounter tries to fend off fiercer competition with Walmart. On an earnings call Thursday, Dollar General CEO Todd Vasos said the retailer “soft launched” the delivery program in September. Now it offers same-day delivery at about 75 stores, he said. Yet over the past year, Dollar General has felt the pinch from both economic challenges and its own strategy. But the option is still available at only a tiny fraction of Dollar General’s stores.
Persons: Todd Vasos, “ We’ve, ‘ We’re, ” Vasos, , , Vasos, Goldman Sachs Organizations: Walmart, Amazon, Goldman Locations: Tennessee, U.S, Bentonville, Arkansas
Those include Temu, Shein, AliExpress and TikTok, which offer super-low prices that U.S. rivals have raced to compete with. For customers chasing cheaper alternatives to name-brand products, the cost savings can entail tradeoffs in quality. But when NBC News tried out several Temu items alongside their name-brand counterparts, the results were uneven. Other Temu products worked pretty well, at least for a while. Overall, NBC News determined three of the six Temu products performed as expected.
Persons: Dyson, , , Temu, didn’t, , Mark Spoonauer, , ” Spoonauer Organizations: NBC, Smart, Apple, NBC News, Universal Studios, Hamilton Locations: China, Southeast Asia, U.S
Walmart is recalling cucumber slices sold in 34 Texas stores over concerns that they may be contaminated with salmonella. Marketside Fresh Cut Cucumber Slices involved in the recall. Walmart advised customers to toss out the cucumber slices or return them to the store from which they purchased them. SunFed previously announced a recall of cucumbers that were potentially contaminated with salmonella. The cucumbers were sold from Oct. 12 to Nov. 26 at stores across the U.S. and in five Canadian provinces, including at retailers like Walmart and Costco.
Persons: SunFed, Craig Slate Organizations: Walmart, Food and Drug Administration, Cleveland Clinic, Costco Locations: Texas, Arizona, U.S
On the earnings call CEO Marc Benioff stressed the importance of digital labor and AI agents. Benioff said humans are already working with AI agents and that robots will be next. The future is here and it's humans working alongside robots, according to Salesforce CEO Marc Benioff. Benioff said that in addition to humans working alongside AI agents, they'll soon be working alongside robots as well. Meta is working on agents, Google its making AI agents with Gemini, and Bloomberg recently reported OpenAI, maker of ChatGPT, plans to launch AI agents next year.
Persons: Marc Benioff, Benioff, Salesforce, Agentforce, they'll, we'll Organizations: FedEx, Adecco, Accenture, Hardware, IBM, RBC Wealth, Microsoft, Meta, Gemini, Bloomberg Locations: Agentforce
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBath and Body Works CEO on the holiday season push, health of the consumerGina Boswell, Bath and Body Works CEO, joins 'Squawk on the Street' to discuss how Boswell would characterize consumer behavior this holiday season, how to keep customers loyal, and the company's international exposure.
Persons: Gina Boswell, Boswell Organizations: Body Locations: Bath
Kroger CEO on the Albertsons merger, customers capacity to spend
  + stars: | 2024-12-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKroger CEO on the Albertsons merger, customers capacity to spendRodney McMullen, Kroger chairman and CEO, joins 'Money Movers' to discuss McMullen's thoughts on the proposed merger with Albertsons, if there are any regrets about the pursuit of acquisition, and much more.
Persons: Rodney McMullen Organizations: Albertsons, Kroger
AdvertisementA Delta Air Lines Boeing 767 U-turned before crossing the Atlantic. The flight crew observed a potential engine issue and returned to JFK Airport. Hundreds of passengers endured a five-hour flight to nowhere after a Delta Air Lines plane turned back. The Boeing 767 left New York's JFK Airport for Edinburgh, Scotland on November 24. Delta said the flight crew observed a potential engine issue before crossing the ocean, and followed established procedures to return to JFK.
Persons: Delta, It's Organizations: Air Lines Boeing, JFK Airport, Delta Air Lines, Boeing, New, JFK, Passengers, Business, KLM Boeing, British Airways Boeing, Heathrow Locations: Edinburgh, Scotland, Newfoundland . Delta, New York, London
Ulta Beauty on Thursday beat Wall Street's fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skincare. It said it now expects full-year earnings per year to range from $23.20 to $23.75, up from $22.60 to $23.50. Yet Ulta began to hint at potential troubles in April, with Kimbell warning of cooling beauty demand at an investor conference. It marked the first time that the retailer missed Wall Street's expectations in about four years. And it had in-store events, including workshops where customers received coaching from Ulta's stylists on how to get "salon-worthy blowouts"For beauty retailers, including Ulta, the holidays are a critical time of year.
Persons: Dave Kimbell, Ulta, Kimbell, NBCUniversal Organizations: LSEG, Target, Walmart, Revenue, Comcast, CNBC Locations: NBCUniversal
My business generates about $18,000 a month in passive income, based on my calculations from a recent month's deposits. Here's what I've learned and shared with my clients about breaking through hesitation, perfectionism, and fear to build a thriving business and sustainable passive income. One of my most successful clients had been planning to start a YouTube channel for two years before working with me. My first YouTube video about social media marketing was badly lit, awkwardly scripted, and shot with a bed in the background. Each one got a little better than the last, and ultimately led to my first course and passive income.
Persons: I've, We're, perfectionism, Organizations: YouTube
Bitcoin does the thing, gets to $100,000
  + stars: | 2024-12-05 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
Bitcoin , the flagship digital currency, crossed above $100,000 for the first time late Wednesday. The move brought its year-to-date gains to more than 140% — wildly outperforming the S & P 500's 27.6% gain. Standard Chartered analyst Geoff Kendrick said in a Thursday note he sees bitcoin surging to $200,000 by the end of 2025. MicroStrategy is running ahead of its USD 42bn three-year plan, so its purchases in 2025 should match or exceed its 2024 purchases." Several stocks tied to bitcoin rose alongside it, with proxy name MicroStrategy and Robinhood Markets gaining 9.1% and 7.2%, respectively.
Persons: Donald Trump, Biden, Geoff Kendrick, Kendrick, Bernstein, bitcoin, Scott Bessent, Pat Tschosik, Ned Davis, Morgan Stanley Organizations: BTC, Robinhood, Treasury, Ned Davis Research, Hewlett Packard Enterprises, Juniper Networks, Juniper
Hewlett Packard Enterprise poses an "attractive near-term value proposition" with its upcoming acquisition, according to Morgan Stanley. Ahead of HP's earnings report Thursday after the bell, analyst Meta Marshall upgraded shares to overweight from equal weight. Marshall also raised her price target to $28 from $23, indicating 28.6% upside potential from Wednesday's close. HPE YTD mountain HPE year to date Shares are up 28.2% in 2024. Eight of 18 analysts covering HPE rate it as a buy or strong buy, according to LSEG.
Persons: Morgan Stanley, Meta Marshall, Marshall Organizations: Hewlett, Enterprise, HP, Juniper Networks, Juniper
Hewlett Packard Enterprise poses an "attractive near-term value proposition" with its upcoming acquisition, according to Morgan Stanley. Ahead of HP's earnings report Thursday after the bell, analyst Meta Marshall upgraded shares to overweight from equal weight. Marshall also raised her price target to $28 from $23, indicating 28.6% upside potential from Wednesday's close. HPE YTD mountain HPE year to date Shares are up 28.2% in 2024. Eight of 18 analysts covering HPE rate it as a buy or strong buy, according to LSEG.
Persons: Morgan Stanley, Meta Marshall, Marshall Organizations: Hewlett, Enterprise, HP, Juniper Networks, Juniper
Jefferies upgrades Diageo to buy from hold Jefferies says it sees "renewed focus on growth" for the beverage company. Goldman Sachs initiates Cheesecake Factory and Brinker as buy Goldman said in its initiation of Cheesecake that it has "unit growth potential." Morgan Stanley upgrades Hewlett Packard Enterprise to overweight from equal weight Morgan Stanley says it's bullish on the company's acquistion of Juniper. Morgan Stanley downgrades Applied Materials to underweight from equal weight Morgan Stanley says it sees a "weaker operating environment" for the semis company. Morgan Stanley initiates Brown & Brown as overweight Morgan Stanley says the insurance risk management company has a competitive advantage.
Persons: Piper Sandler, Piper, Jefferies, Goldman Sachs, Brinker, Goldman, it's bullish, Bernstein, Oppenheimer, it's, Wolfe downgrades Ford, Wolfe, Morgan Stanley, Brown, Tesla, gigafactory, Robin Hood, Vlad Tenev, Eli Lilly, Orforglipron Organizations: Nvidia, AMD, Intel, Jefferies, Diageo, Disney, Broadcom, Detroit, Ford, Citi, Netflix, Hewlett Packard Enterprise, JPMorgan, ConocoPhillips, Barclays, Gates, Bank of America, Walmart, Costco, Optimus, Deutsche Bank, Deutsche Locations: F4Q, Juniper, OW, Austin , TX
AdvertisementA Spirit executive blamed mainline carriers for some of its financial woes during a Senate hearing. He said some airlines "manufactured" a pilot shortage and that others want Spirit "out of business." A Spirit Airlines executive blamed competitors for some of its financial and operational woes during a congressional hearing on Wednesday, pointing to factors including pilot staffing and limited airport access. Chief commercial officer Matthew Klein told a Senate subcommittee that Spirit hasn't been able to grow because the mainline airlines "manufactured" a pilot shortage during the pandemic and "poached" Spirit's pilots. Spirit pilots are not paid as much as mainline pilots and could have left the company for better working conditions.
Persons: Matthew Klein, hasn't, Spirit's, Klein, gunning, Scott Kirby, Robert Schroeder Organizations: Spirit Airlines, Delta Air Lines, American Airlines, United Airlines, Frontier Airlines, Airbus, Business, Spirit, Budget, Frontier, SVP Locations: United
AdvertisementA growing share of US shoppers chose buy-now-pay-later options on Black Friday and Cyber Monday. Splitit's CEO told BI that his company's order volumes were up 62% in the week ending with Cyber Monday. Many buy-now-pay-later shoppers are likely to use the option again as they get used to the concept. Of the $131.5 billion in online spending tracked by the company during the period, $9.4 billion was spent using a BNPL option. AdvertisementSplitit's Sheth said more than a third of its users during Cyber Week had previously used the service at least one other time in the preceding year.
Persons: Splitit's, Nandan Sheth, Splitit, BNPL, Klarna, Afterpay, Adobe, It's, that's, Neil Saunders, Sheth, Chris Walton, Caila Schwartz, Splitit's Sheth, Global Data's Saunders, Zers, Salesforce's Schwartz, Dominick Organizations: Business, Data, Amazon, Walmart, Rite Aid, Staples, Apple, Google, Global, Trump Locations: Australia, Sweden
Lululemon 's U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year. For the all-important holiday shopping quarter, Lululemon is expecting revenue to be between $3.48 billion and $3.51 billion, representing growth of 8% to 10% from the prior year. Analysts were expecting revenue of $3.50 billion, or growth of 9.1%, which is roughly in line with the midpoint of the guidance, according to LSEG. The company has turned to China for growth, which so far is lifting sales across the overall business. Company-wide comparable sales grew 4% during the quarter, ahead of the 3.2% growth Wall Street was anticipating, according to StreetAccount.
Persons: Lululemon, it's, It's, LSG It's, Levi, Alo Yoga, Calvin McDonald, Lululemon's, Sun Choe Organizations: LSEG, Nike, V.F . Corp Locations: China, U.S, Americas
AP —The District of Columbia sued Amazon on Wednesday, alleging the company secretly stopped providing its fastest delivery service to residents of two predominantly Black neighborhoods while still charging millions of dollars for a membership that promises the benefit. Amazon also did not tell new customers about the exclusions when they signed up for Prime memberships, the lawsuit says. The lawsuit says Amazon has nearly 50,000 Prime members who live in the two ZIP codes, a number that represents nearly half of the population. The district says that in 2021, before Amazon implemented its delivery “exclusion,” more than 72% of Prime packages in the impacted ZIP codes were delivered within two days. Meanwhile, the district’s lawsuit says Prime members who lived in other parts of the city received two-day deliveries 75% of the time.
Persons: , Kelly Nantel, ” Nantel, Brian Schwalb, ” Schwalb, DCist, , Nantel Organizations: of Columbia, Amazon, Columbia, UPS, U.S . Postal Service, ” District of Columbia, Bloomberg, Local, District of Columbia Locations: District, Seattle, Columbia’s, ” District, Amazon, Atlanta, Chicago, Washington
This article is part of the Opinion series At the Brink,about the threat of nuclear weapons in an unstable world. There are just two major pacts governing nuclear weapons in the cosmos, both of which predate Neil Armstrong’s first steps on the moon. Rescue Agreement 1970 Outer Space Treaty October 1967 Lays out the principles that governs outer space, the moon and other celestial bodies. Rescue Agreement 1970 Outer Space Treaty October 1967 Lays out the principles that governs outer space, the moon and other celestial bodies. Rescue Agreement Liability convention Today 1970 1980 1990 2000 2010 2020 Outer Space Treaty October 1967 Foundation of international space law that governs outer space, the moon and other celestial bodies.
Persons: Van Allen, haven’t, Neil Armstrong’s, Donald Trump, Trump, Elon Musk’s, Achilles ’, Silent Barker, landers, Michael R, Turner, Vladimir Putin, , It’s, Biden’s, it’s, Lyndon B, Johnson, Anatoly Dobrynin, Stephen N, Whiting, Antony Blinken, Biden, hasn’t, Musk Organizations: U.S, Space Command, Cosmos, Kremlin, Space Force, Elon, Elon Musk’s SpaceX, SpaceX, Pentagon, NASA, United, NASA U.S, Space Foundation, Soviet Union, Britain, United Nations Office, Outer Space Affairs, Prime, U.S . National Intelligence, K, Operations Center, Ohio Republican, House Intelligence Committee, Russian Embassy, United Nations, Soviet Union aznd, Johnson Presidential, YouTube, National Security Council Locations: Colorado Springs, Moscow, Russian, Kelso, CelesTrak, Russia, China, United States, Britain, Soviet Union, North Korea, Ukraine, U.S, States, Iran, Israel, Beijing, Soviet, Britain China Russia, Washington, what’s, Ohio, United Nations, Treaty, White, deconflict, India
Another prototype, a modified Soviet ZU-23-2 antiaircraft gun, needs $70,000 worth of parts to be fully automated to strike down Russian drones. Advertisement"For drones, most funding is from volunteer help, by donors," Chernyavskiy told Business Insider. Throughout the war, Ukraine has repeatedly struggled with insufficient amounts of ammunition, such as much-need 155mm artillery shells. In Ukraine, Chernyavskiy is frustrated, too. This is the nature of war," Chernyavskiy said.
Persons: it's, Oleksandr Chernyavskiy, Oleksandr Chernyavskiy Chernyavskiy, Chernyavskiy, Oleksandr Chernyavskiy Crowdfunding, Dmytro Smolienko, Federico Borsari, Borsari, Oleksandr Skarlat, Serhii Sternenko, Skarlat, Mark J, Lindquist, he's, Mark Lindquist, Oleksandr Chernyavskiy It's, Daniel Viksund, Viksund, Daniel Viksund He's, Chasiv, Jennifer Kavanagh, Kavanagh, Andriy Andriyenko, haven't, Sofiia Meleshenko Organizations: Ukraine's 241st Territorial Defense Brigade, Business, Publishing, Getty, Civilian, Center for, Telegram, US Air Force, Ukraine, 241st Territorial Brigade, Army, Veteran Aid Ukraine, Aid Ukraine, Defense, Savannah, BI Locations: Russia, Soviet, Ukraine, Moscow, Ukrainian, Kyiv, crowdfund, Norwegian, Afghanistan, Scandinavia, Chasiv Yar, Europe
“I have decorated entire trees just with things from different dollar stores,” Riker said. For a Christmas tree, look for discounts at craft stores, grocery stores, tree farms or hardware stores. “That is a really, really easy way to change up your decor without spending any money at all,” Riker said. Make a popcorn Christmas tree. Bake Christmas cookies on Christmas Eve or Christmas Day.
Persons: , Tawra Kellam, Rich, , Melissa Riker, ” Riker, , Jodie Kammerer, Julie Lancia, you’re, ” Lancia, “ it’s, Kammerer, “ You’ve, doesn’t, Judy Woodward Bates, Lady ”, “ Don’t, ” Woodward Bates, I’m, Christmas, Kellam, Read, LaMotte, Katia Hetter Organizations: CNN, Twins, intuit, Brooklyn Farm Locations: Brooklyn
AdvertisementEthan Evans, a former Amazon VP, led a failed project in 2011 that interrupted Jeff Bezos' launch plans. My biggest launch failure was in 2011 on a project Jeff Bezos personally cared about. The failure interrupted Bezos' plan to present the feature publicly, causing me to miss my promotion and almost leave the company. Here's the story of my biggest failureWhen I started at Amazon, I was assigned to Prime Video and had periodic direct exposure to Bezos. When I was promoted to director, I continued working with Bezos on creating Amazon Studios.
Persons: Ethan Evans, Jeff Bezos, Evans, unravels ChatGPT, Bezos, Jeff, could've, ramping, Werner Vogels, must've, Bezos would've, I'd Organizations: Amazon VP, Amazon, Publicly, Business
AdvertisementSome people are turning to "loyalty tests" to check if their partners are cheating. One woman who paid to test her partner told Business Insider she wished she had used the service sooner. 'Loyalty tests' are on the riseVideos about loyalty tests started going viral online around 2021, and they all followed a similar blueprint. In that sense, conducting a loyalty test against your partner can be a betrayal in the same way that cheating is. AdvertisementBejar does think there are some situations where a loyalty test could be helpful, though, particularly in an abusive relationship.
Persons: Landis, AisleTalk, Ari, I've, Lazo, Ashlyn Nakasu, Nakasu, Brandan Balasingham, Balasingham, Bejar, that's Organizations: Loyalty, BI
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