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Comcast CEO Brian Roberts chose Shell to replace Steve Burke as NBCUniversal CEO in 2019. Soon, Shell, 59, will be at the helm of Paramount and paired with Ellison, who has already expressed his desire to transition Paramount into a more modern media company. The 10 p.m. hourAt Paramount, Shell will be given an asset mix similar to what he oversaw at NBCUniversal — save the theme parks. Wolf's shows were also significant moneymakers for NBCUniversal, according to a person familiar with the matter. Some media analysts, such as LightShed Partners' Rich Greenfield, have argued Paramount Global should shut down Paramount+ and instead license Paramount content to other streamers with more scale.
Persons: Jeff Shell, Eric Gaillard, NBCUniversal, David Ellison, Ellison, Comcast's NBCUniversal, Shell, Brian Roberts, Steve Burke, RedBird, Andrew Brandon, Gordon, Shell's, , Skydance, NBC —, CNBC's David Faber, George Cheeks, Hollywood creatives, Dick Wolf, Kevin Dietsch, Stephen Colbert, it's, we've, Pluto, Rich Greenfield, Shell's playbook, We've, Peacock, Roberts, Andrew Wilson, Brian L, Eric Charbonneau, Wall, Mark Hoffman, Shepard Smith, Hoffman Organizations: NBCUniversal, Cannes Lions International, Creativity, Reuters, Paramount Global, Skydance Media, Shell, CNBC, Paramount, Fox, Comcast, NBCU International, Universal, Entertainment Group, RedBird Capital Partners, NFL, CBS, Paramount Pictures, NBC, Local, Journal, FBI, Hollywood, TV, Allen & Company Sun Valley, Getty, LightShed Partners, Warner Bros ., Viacom, WarnerMedia, Netflix, EA, Entertainment, Comcast Corporation, Universal Pictures, Invision, Bravo, MSNBC, MTV, VH1, Comedy Central, Fox News, NBC Sports, NBA, CBS Sports, Big Ten, UEFA Champions League Locations: Cannes, France, Shell, NBCUniversal, Sun Valley , Idaho, Toronto
Wells Fargo — Shares of the San Francisco-based lender rose 3%, helped by better-than-expected earnings. However, the bank's revenue of $20.37 billion came in below the $20.42 billion expected, and Wells experienced an 11% decline in net interest income. Tesla , Uber — Tesla shares tumbled 6.4% after its event for the robotaxi, a self-driving cab concept, left investors feeling underwhelmed. Affirm , Flywire — Affirm shares popped 3.1% after Wells Fargo upgraded the buy-now-pay-later stock to overweight from equal weight. Elsewhere in the digital payments space, Wells Fargo downgraded Flywire to equal weight from overweight, sending shares down 2.7%.
Persons: Wells, JPMorgan Chase, Tesla, underwhelmed, Carlos Tavares, Flywire, Mobileye, Morgan Stanley, Kinder Morgan, Ferrari, Lisa Kailai Han, Jesse Pound, Michelle Fox, Yun Li, Sean Conlon Organizations: LSEG, JPMorgan, Revenue, Bank of America, BlackRock, Mizuho, Bank of Locations: San Francisco, Wells, Flywire, Atlassian, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDirector Cullen Hoback on his hunt to uncover Bitcoin creator Satoshi NakamotoCullen Hoback, the director of 'Money Electric: The Bitcoin Mystery' discusses the debate around his film after it claims that Canadian developer Peter Todd is Bitcoin's anonymous creator, Satoshi Nakamoto.
Persons: Cullen Hoback, Satoshi Nakamoto Cullen Hoback, Peter Todd, Satoshi Nakamoto
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Bitcoin creator Satoshi Nakamoto's identity matters to director Cullen Hoback: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Cullen Hoback, the director of 'Money Electric: The Bitcoin Mystery' discusses the debate around his film after it claims that Canadian developer Peter Todd is Bitcoin's anonymous creator, Satoshi Nakamoto.
Persons: Satoshi Nakamoto's, Cullen Hoback, explainers, Peter Todd, Satoshi Nakamoto Organizations: CNBC Crypto, CNBC
Mark Zuckerberg loves playing the strategy video game, "Civilization." Meta released its Twitch-like rival, Facebook Gaming, in 2020, but it failed to make a splash. AdvertisementMark Zuckerberg's been thinking of starting a Twitch stream for his favorite strategy video game. At his 2017 commencement speech at Harvard University, he said he got his college offer letter while playing "Civilization." Facebook launched Facebook Gaming in 2020, but the Twitch competitor didn't make a big splash.
Persons: Mark Zuckerberg, Meta, , Mark Zuckerberg's, Pubity's, Priscilla, You've, Zuckerberg, I'd, Sid Meier's, Pubity, Zuckerberg's namedropping, Tim Walz, Walz, Kamala Harris, didn't, Meta didn't Organizations: Facebook, Service, Meta, Firaxis, Harvard University, Firaxis Games, YouTube, Amazon, Wednesday, Democratic, Facebook Gaming, Business Insider Locations: Maryland, Minnesota
Zuckerberg's reveal of Orion late last month has triggered a level of enthusiasm that's unfamiliar in the metaverse. He showed off the gadget — a pair of black, thick-framed AR glasses — to the live audience before placing it on his face. In the meantime, Meta is looking to build on the success of its second-generation Ray-Ban Meta smart glasses. The smart glasses went viral on TikTok during the holiday shopping season, and sales exceeded both companies' expectations. Meta is also opening a pop-up shop to showcase the smart glasses and to get them in front of more consumers.
Persons: Mark Zuckerberg, Manuel Orbegozo, Zuckerberg, Orion, CNBC's Julia Boorstin, Alex Heath, Pong, Ray, Meta, it's, Meta's, Oculus, Michael Abrash, Sara Nicholson, Andrew " Boz, Bosworth, who's, Joseph Bonner, Bonner, Luxottica Organizations: Meta, Reuters, Facebook, Ray, Orion, Quest, Wall, VR, Reality Labs, Labs, IDC, CNBC, . Engineers, Argus Research, EssilorLuxottica, Solutions, West Hollywood Locations: Menlo Park , California, U.S, Los Angeles, West, Southern California
In 2023, the fund returned 30.7%, significantly outperforming its benchmark and the S & P 500, which was up 26%. Yiu's decision stems from his belief that Microsoft's business model is about to change significantly in light of the rise of generative AI. Microsoft has been leading the charge in generative AI adoption. The crux of the issue lies in the increased costs associated with providing AI services, according to the outperforming fund manager. Nvidia's chips, while readily available, allows the Silicon Valley company to capture much of the profit from generative AI services instead.
Persons: Stephen Yiu, Yiu, OpenAI Organizations: Microsoft, Growth, Growth Fund, CNBC Pro, Conference, Nvidia Locations: London
As investors consider whether — and how — to invest in China, two experts share their views on the market right now. "We believe the scale and focus of these measures, particularly the targeted liquidity injection, address the critical issue of insufficient domestic capital flows into China's stock market. 'China is no longer cheap' Lorraine Tan, director of Asia's equity research at Morningstar, is more cautious looking ahead. "At this point in time, China markets are no longer cheap. Stocks on her radar include "higher quality, moaty names," such as fast-food restaurant chain Yum China Holdings and property developer China Resources Land .
Persons: Jingwei Chen, , Europe —, Chen, Lorraine Tan, Tan, Stocks, — CNBC's Lim Hui Jie Organizations: National, Reform Commission, CSI, Wall, Wrise Private Singapore, CNBC Pro, Companies, BYD, Tencent Holdings, Morningstar, China Holdings, China Resources Locations: China, Asia, East, Europe, Hong Kong
A law professor said the ruling shows how antitrust law is used against Big Tech companies. Management and law experts told Business Insider the ruling highlights how antitrust law is being used against Big Tech companies — and could cost Google billions of dollars in lost revenue. Historically, he said, liberal judges tended to favor antitrust law more than conservative ones. When Epic Games' case against Apple was similarly appealed, the Supreme Court denied requests to hear it, leaving Apple with its partial victory. AdvertisementRepresentatives for Epic Games directed Business Insider to a public thread about the Google ruling, posted on X by the company's CEO, Tim Sweeney.
Persons: , James Donato's, Peter Cohan, Cohan, Apple, Yvonne Gonzalez Rogers, Eric Chaffee, Chaffee, Alden Abbott, Abbott, Tim Sweeney, Sweeney Organizations: Google, Apple, Big Tech, Service, Management, Epic Games, Northern, Northern District of, Babson College, Case Western Reserve University School of Law, Epic, DOJ, Business, Mercatus Center Locations: California, Northern District, Northern District of California, United States
In 2022, William Fulford spent $1.25 million on a Florida home he believes is "hurricane-proof." Years ago, my sister moved down to Anna Maria Island. We drove past Hunters Point and my wife said, "I think you sent me a picture of that place once." AdvertisementAn aerial view of Hunters Point in Cortez, Florida. As of Wednesday night, Hurricane Milton is on track to make landfall close to Hunters Point.
Persons: William Fulford, homebuilder, , Fulford, Anna Maria Island, I'm, It's, Marshall Gobuty, we've, Helene didn't, Helene, Anna Maria, They're, we're, I'd, Hurricane Milton Organizations: Service, Walmart, Mercedes, Pearl Homes, Business, Flood, FEMA Locations: Florida, Fulford, Cortez , Florida, downtown Tampa, Virginia Beach , Virginia, Chesapeake Bay, Milton, Bradenton that's, Sarasota, Virginia Beach, Hurricane
Meanwhile, Jefferies began coverage of Reddit with a buy rating and a price target of $90. Champine said the Federal Reserve lowering interest rates was a driving force for the price target changes. Analyst William Kerr initiated coverage of the pet ecommerce retailer with a buy rating and $38 price target. RBLX YTD mountain RBLX in 2024 — Alex Harring 5:50 a.m.: Citi says UPS is a buy Buy the dip on UPS shares, according to Citi. Analyst Ariel Rosa initiated the delivery giant with a buy rating and a price target of $162.
Persons: Jefferies, Laura Champine, Champine, Helene, Milton, Lowe's, — Alex Harring, Piper Sandler downgrades Blackstone Piper Sandler, Crispin Love, Love, Blackstone, Morgan Stanley, Sanjit Singh, Singh, Alex Harring, TD Cowen, William Kerr, Kerr, Benjamin Soff, Soff, Ken Gawrelski, Gawrelski, Roblox, Ariel Rosa, Rosa, — Fred Imbert, John Colantuoni, Colantuoni, EBITDA Organizations: CNBC, Wednesday, Citi, UPS, Capital, Federal Reserve, Blackstone, Industry, Deutsche Bank, New York Times, Amazon Logistics, Walmart Locations: Wells, China, Tuesday's
In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTApple CEO Tim Cook gestures during the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | ReutersApple could launch a connected ring to rival Samsung by 2026, according to CCS Insight, adding to the U.S. tech giant's focus on health. In fact, I would go so far as to say, at the point that Tim Cook decides to relinquish control and he retires ... "Given how deeply and personally invested Tim Cook is in health, I think that a ring is a very complimentary extension to Apple," he said, referring to Apple CEO Cook. Similar to smartwatches, a smart ring is embedded with various sensors to track health metrics like heart rate.
Persons: Tim Cook, Carlos Barria, Ben Wood, CNBC's, Cook, Wood Organizations: Reuters Apple, Samsung, CCS Insight, Apple, Apple Watch, Samsung Galaxy, South Locations: Cupertino , California, U.S, Cupertino, South Korean
CNN —The identity of bitcoin creator Satoshi Nakamoto has long been one of the biggest mysteries of the internet age. Yet the man that director Cullen Hoback’s film names as the 2009 founder of bitcoin is denying he is Satoshi Nakamoto. “For the record, I’m not Satoshi,” Peter Todd, a bitcoin core developer, told CNN in a statement. Hoback’s evidence includes a 2010 bitcoin message board post from Todd that he concludes was written by Satoshi Nakamoto. I gave Peter Todd every opportunity to contradict the claims, to explain the claims.
Persons: Satoshi Nakamoto, , Cullen Hoback’s, bitcoin, ” Peter Todd, Todd, “ Cullen, “ Peter, ” Hoback, Hoback, Satoshi Nakamoto’s, he’s, Cullen Hoback, You’re, Satoshi, It’s, Craig Wright, They’re, you’ve, Peter Todd, I’ve, Adam Back, Adam, Peter, Roger Ver, Let’s, Peter Todd’s, ” Todd, I’m, Todd “, ” “ He’s, “ Peter’s Organizations: CNN, HBO, Warner Bros ., ” CNN, Newsweek Locations: Latvia, Satoshi’s
Donald Trump said Gaza could be rebuilt into one of the most beautiful places in the world. I mean, they have the back of a plant facing the ocean, you know," Trump told conservative radio host Hugh Hewitt on Monday. You know, as a developer, it could be the most beautiful place – the weather, the water, the whole thing, the climate." Trump was addressing the future of Gaza on the first anniversary of the October 7 terrorist attacks, where Hamas militants killed roughly 1,200 people in Israel. "Gaza's waterfront property, it could be very valuable, if people would focus on building up livelihoods," Kushner told a Harvard-affiliated program in February.
Persons: Donald Trump, Trump's, Jared Kushner, , I've, what's, Trump, Hugh Hewitt, Hewitt, Israel, isn't, Kushner, Joe Biden, Benjamin Netanyahu, Gazans Organizations: Service, White, Harvard, New York Times, UN, Bloomberg, Marshall Plan Locations: Gaza, Israel, Monaco, Lebanon, Iranian, London, Europe
He joined VC firm Menlo Ventures in 2021 and has invested in generative AI startups like Pinecone. Using his technical expertise as a former programmer and CTO, Tully is helping amass an impressive portfolio of AI startups at Menlo Ventures. He's also written code as a way to help win over startups in the broader Menlo Ventures portfolio. That helped seal the deal, and Ionita led Orb's $14 million Series A funding round. While Menlo has been bolstering its portfolio with AI infrastructure startups, Tully said he's excited these days about opportunities at the application layer.
Persons: Tim Tully, , Tully's, Tully, He's, Warby Parker, Roku, Uber, Jess Lee, I've, Naomi Pilosof Ionita, Ionita, he's, legaltech –, Eve Organizations: Yahoo, Menlo Ventures, Service, Venture, Apple, Menlo, Bay Area, Data Systems, Oracle, AOL, Huffington, Sequoia Locations: Bay, Splunk,
Why so many entry-level jobs aren't entry-level
  + stars: | 2024-10-06 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +10 min
"That's really frustrating for entry-level job seekers like me," Goyenka told Business Insider. AdvertisementShe told BI that the volume of vacancies for entry-level tech roles has been declining for about three years in several countries where Generation operates. Generation found in a survey that 94% of employers required that applicants for entry-level tech jobs have experience working in a related field. Beyond raising their standards for entry-level positions, some employers in various industries simply aren't posting as many of these jobs. In a prior role, he spent more than 15 years filling staff-level tech jobs.
Persons: , Goyenka, He's, Daniel Zhao, Mona Mourshed, they've, Mourshed, Jason Henninger, Heller, Henninger, Corey Moss, Pech, Moss, It's, Jennifer Neef, Neef, Rod Danan Organizations: Service, Business, Glassdoor, LinkedIn, Arizona State University, BI, Employers, Florida State University, University of Illinois, Illini, Tech, Arizona State grad Locations: Bellevue , Washington, Urbana, Champaign
In San Jose, a center of California’s housing crisis, one of the oldest and last remaining Japanese-owned farms in the state will be demolished to pave the way for urban housing. San Jose is home to one of only three existing Japantowns in the country and the only one built on agricultural roots. In July, the San Jose City Council voted to turn the Sakauye family’s 23-acre fruit orchard into a mixed-used development constituting nearly 1,500 apartment units and town houses. Vanessa Hatakeyama, the acting director of the Japanese American Museum of San Jose, said the Sakauye farm is a remnant of San Jose’s agricultural landscape — one that was built by Japanese immigrants — before it was transformed by the tech and suburban housing booms. In July, the San Jose City Council voted to turn the Sakauye family’s 23-acre fruit orchard into a mixed-used development constituting nearly 1,500 apartment units and town houses.
Persons: Vanessa Hatakeyama, ” Hatakeyama, they’d, Eichii, Ed ” Sakauye, Yuwakichi, Sakauye, of San Jose Eichii Sakauye, Edward Seely, , , Rosemary Kamei, Kamei’s, Kamei, Ben Leech, Carolyn Sakauye, Jane May, Leech Organizations: San Jose City, Japanese American Museum of San, ” Preservation, ., Preservation, of San, City, city’s Department of Parks ,, Neighborhood Services Locations: Jose, San Jose, Japanese American Museum of San Jose, Silicon, California, Heart Mountain , Wyoming, Heart, of San Jose
With a full harvest of colder-month produce in the grocery store, here is how you can fall in love with vegetables. The crispy outside is nice, but it is important to pair that with a tender inside when it comes to these winter vegetables, Chambers said. Caroline Chambers' Harissa Roasted Veggies demonstrates how you can add some flavor to your dishes once you have cooked your veggies right. Remove the roasted veggies from the oven and transfer to a cooling rack. Spread a nice spoonful of whipped feta over the bottom of a bowl or plate and top it with a pile of roasted veggies and a sprinkle of nuts.
Persons: Caroline Chambers, Cook, Chambers, Eva Kolenko, , they’re, , “ That’s, “ You’re, ” Chambers, burrata Organizations: CNN, & Co, Union Square & Co Locations: Carmel Valley , California, brussels
As Apple prepares Apple Intelligence to jump into Silicon Valley’s AI race, it’s relying on one of its strongest advantages: Its army of 34 million app developers. IPhone users will get their first taste of Apple Intelligence, the company’s artificial intelligence system, later this month. The company is relying on Apple Intelligence to be the strongest selling point for the iPhone 16, its latest generation of smartphones. That’s something other company’s AI chatbots cannot currently do, and to accomplish this, Apple is beckoning its army of third-party developers to fine tune their apps to collaborate with Apple Intelligence. Another drawback is that Apple Intelligence features will only be available on the latest iPhones, a small subset of the total iPhone user base.
Persons: Google’s, Siri, Apple, “ Siri, , Apple’s Kelsey Peterson, Siri conversationally, Jordan Morgan, Apple’s, Morgan, Michael Tigas, ” Tigas, Siri aren’t, Hey Siri, James, they’ve, Igor Zhadanov Organizations: Apple, Apple Intelligence, Superhuman, CNBC Locations: Siri, Readdle
Meta CEO Mark Zuckerberg has surpassed Jeff Bezos as the world's second richest person. The Facebook co-founder now trails Tesla chief Elon Musk by roughly $50 billion, the index showed. Meta has pointed to its hefty artificial intelligence investments as helping improve the performance of its online advertising platform as a reason for its sales growth. The company's online advertising system suffered a major setback in 2021 when Apple introduced an iOS privacy update that weakened its ability to track users across the web. Investors reacted favorably to Meta's cost cutting while the company's online advertising business began to rebound and was bolstered by the massive digital ad spending campaigns by Chinese-linked retailers Temu and Shien.
Persons: Mark Zuckerberg, Jeff Bezos, Elon Musk, Meta, Zuckerberg Organizations: Meta, Facebook, Bloomberg, Amazon, Apple, Investors, Orion, CNBC Locations: Meta
CNN —Construction of Saudi Arabia’s kilometer-high Jeddah Tower, which will become the world’s tallest skyscraper upon completion, has resumed almost seven years after work ground to a halt amid a kingdom-wide anti-corruption purge. His family’s firm, which also owns a stake in the Jeddah Tower project, has been rehired to complete the construction work. Designed for extremesFormerly known as Kingdom Tower, the skyscraper broke ground in 2013 and was initially expected to be completed by 2020. The architect’s Chicago-based practice, Adrian Smith + Gordon Gill, has said the tower’s shape “evokes a bundle of leaves shooting up from the ground.”Work halted on the unfinished Jeddah Tower in 2018. Jeddah Tower will be the crown jewel of a wider 57-million-square-foot, $20-billion development dubbed Jeddah Economic City.
Persons: Prince Mohammed bin Salman’s, JEC, Saudi Prince Alwaleed bin Talal, Alwaleed, , Bakr, Laden, Osama bin Laden, Adrian Smith, Gordon Gill, Amel, ” Adrian Smith, JEC’s, Hisham Jomah, , Jomah Organizations: CNN, Jeddah Economic Company, Saudi, Kingdom Holding Company, , Kingdom Holding, Saudi Binladen Group, Newsweek, Maxar, Jeddah Economic Locations: Saudi, Jeddah, Saudi Prince, Dubai, Burj Khalifa, Chicago, Medina, Mecca,
AI coding tools like GitHub Copilot have transformed software development and productivity. AdvertisementBefore he graduated from university, Jacob Jackson founded the AI coding assistant TabNine in 2018. In the past two years, there has been a boom in AI coding assistants. The spike in ChatGPT usage and AI coding assistants has shifted how software developers do their jobs. AdvertisementAI assistants can empower codersMost generative AI coding assistants focus on auto-completion, meaning that the tool suggests code as the programmer types.
Persons: , Jacob Jackson, TabNine, Jackson, Claude, Nikolas Gauvreau, Dan Boneh, Kevin Baragona, Baragona, Gauvreau, he's, David Malan, Malan Organizations: Software, Service, Microsoft, Accenture, Developers, Stanford University, Harvard University, Activision Blizzard Locations: OpenAI, Canada, Brazil, Germany, India
Meta is testing bringing more AI-generated content to some users' experiences on Facebook and Instagram. The expanded features will show AI-generated images in some users' feeds. AdvertisementMeta is experimenting with serving more AI-generated images and content to Facebook and Instagram users. The company will now show some users images of themselves generated by Meta AI in their Facebook and Instagram feeds, it announced at its annual developer conference, Meta Connect, last week. MetaHowever, the new AI content added to feeds could be "based on your interests or current trends," the company announced.
Persons: , Matt Navarra, Navarra, There's, Kevin Roose, you've, Roose Organizations: Facebook, Service, Meta, Meta Connect, Social, The New York Times Locations: Navarra
Cathie Wood's Ark Venture Fund invested at least $250 million in this new round. OpenAI is now Ark Venture Fund's third-largest holding, accounting for about 5% of its total assets. AdvertisementCathie Wood's Ark Venture Fund has agreed to invest at least $250 million in OpenAI's latest funding round, three people familiar with the round said. OpenAI is now Ark Venture Fund's third-largest holding, accounting for about 5% of the fund's total assets, according to its website. On Wednesday, a retail investor shared a screenshot of what appears to be an email she received from Ark Venture Fund informing her of its new OpenAI investment.
Persons: OpenAI, , Ark, Musk Organizations: Ark Venture Fund, Ark Venture, Service, Microsoft, Tiger Global, Nvidia, Khosla Ventures, United, United Arab Emirates Locations: Abu Dhabi, United Arab, xAI
Before going into politics, Vice President Kamala Harris worked at McDonald's in her 20s, she confirmed in a recent interview with MSNBC's Stephanie Ruhle. "It was not a small job," Harris told Ruhle. "There are people who work at McDonald's in our country who are trying to...raise families and pay rent." To Harris, working at McDonald's inspired her to make lowering costs and raising economic security a "top priority" if elected president in November. These are valuable skills in any career, Tiffanie Boyd, senior vice president and chief people officer for McDonald's, previously told CNBC Make It.
Persons: Kamala Harris, MSNBC's Stephanie Ruhle, Harris, Ruhle, Tiffanie Boyd, Boyd Organizations: CNBC Locations: McDonald's
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