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☆ Federal jobs are known for their stability. Now they could be in jeopardy as Musk pushes for deep spending cuts.
▼ + stars: | 2024-11-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Tech: We're in the middle of a white-collar recession, and tech workers are shouldering much of it . We're in the middle of a white-collar recession, and tech workers . AdvertisementElon Musk's government efficiency commission has been tasked with cutting government spending, raising questions about the future of millions of jobs. Tech jobs are mired in a recession. White collar hiring is in a huge slump, and tech workers are some of the hardest hit .

Persons: Trump hasn't, Tesla, Chelsea Jia Feng, Madison Hoff, Vivek Ramaswamy, Musk, Alice Tecotzky, John L, Dorman, Allison Robbert, Scott Bessent, Cantor Fitzgerald, Howard Lutnick, Marc Rowan, Kevin Warsh, Trump, Goldman Sachs, Morgan Stanley, Natalie Ammari, Uber, Verily, —, Rebecca Zisser, Elon Musk, Bluesky —, Jake Paul's, Netflix's Jake Paul, Mike Tyson, wasn't, Donald Trump's, Satya Nadella, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Google, Trump, Tech, Getty, Elon, Department of Education, Veterans Affairs, Department of Government, Social Security, Medicare, Twitter, Getty Government, Allison, Treasury, BCA Research, Goldman, BI, LinkedIn, Microsoft, China Economic, Security, Walmart Locations: Washington , DC, China, Brazilian, New York, Chicago, London

☆ European tech funding declines for third consecutive year — but the sector is finally stabilizing
▼ + stars: | 2024-11-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Still, Atomico said this shows that European tech funding levels have finally "stabilized" despite worsening global macroeconomic conditions leading to three consecutive years of declines. In the period spanning 2015 to 2024, European startups have bagged $426 billion, dwarfing the sum of investment deployed into tech firms the decade prior. Europe's first $1 trillion tech firm? Atomico said it's optimistic about the next decade in European tech. The VC firm, which was established by Skype co-founder Niklas Zennström, is predicting the entire European tech ecosystem combined could be valued at $8 trillion by 2034, up from around $3 trillion currently.

Persons: Reeves, Oli Scarff, Atomico, Tom Wehmeier, Wehmeier, Europe's, Rachel Reeves, techUK, Niklas Zennström Organizations: Startup Coalition, Getty Images Venture, European Tech, CNBC, VC, Skype, Spotify, Google, Apple, Facebook, Meta, Microsoft, Nvidia, Tesla Locations: British, State, Europe, U.S, China, Atomico, United States

☆ Google's antitrust loss could cost Apple billions of dollars
▼ + stars: | 2024-11-19 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

AdvertisementGoogle pays Apple at least $20 billion a year to make its search engine the default on iPhones. Those payments were at the heart of a federal antitrust case Google lost earlier this year. That's because a long-running deal between Apple and Google, where Google pays Apple at least $20 billion a year to make Google the default search engine on iPhones, is at the heart of the US government's antitrust case against Google. (Though, confusingly, an earlier Bloomberg report about the DOJ's plan focused on forcing Google to sell off its Chrome browser and never mentioned the Apple payments.) AdvertisementBut even if that happens, it doesn't mean Apple automatically loses all the money Google pays it every year.

Persons: it's, Judge Amit P, Mehta, Microsoft's Bing, they're, Trump, Tim Cook, Cook Organizations: Apple, Google, US Department of Justice, Street, Bloomberg, Trump, Big Tech Locations: China

☆ C3 AI and Microsoft Azure partnership 'can guarantee customer success', says C3 AI CEO Tom Siebel
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailC3 AI and Microsoft Azure partnership 'can guarantee customer success', says C3 AI CEO Tom SiebelTom Siebel, C3 AI CEO, joins 'Closing Bell Overtime' to talk expanding its Microsoft partnership, impact of Trump administration, and more.

Persons: Tom Siebel Tom Siebel Organizations: Microsoft, C3, Trump

☆ 3-Stock Lunch: Microsoft, Walmart & Intuit
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: Microsoft, Walmart & IntuitChad Morganlander, Washington Crossing Advisor, senior portfolio manager, joins 'Power Lunch' to discuss stock plays for three stocks.

Persons: Intuit Chad Morganlander Organizations: Microsoft, Walmart, Intuit, Washington Crossing Locations: Washington

☆ Trump's picks are giving Big Tech plenty of reasons to be nervous
▼ + stars: | 2024-11-19 | by ( Grace Eliza Goodwin | Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

AdvertisementDonald Trump has selected several Big Tech critics for top roles in his second administration. A number of his picks have been harsh critics of the Big Tech industry. Tom Williams/CQ Roll CallTrump's pick for attorney general, former Florida Rep. Matt Gaetz, has for years criticized Big Tech companies. Anna MoneymakerVice President-elect JD Vance cut his teeth in venture capital, and has long been a proponent for breaking up Big Tech. AdvertisementVance said that his experience in Silicon Valley taught him to be weary of Big Tech.

Persons: Donald Trump, Matt Gaetz, JD Vance, Elon Musk, Brendan Carr, Trump's, Trump, Brendan Carr Trump, Tom Williams, Carr, Elon, Musk's, Matt Gaetz Trump, Gaetz, Lina Khan, Jonathan Kanter, Elon Musk Elon, Marc Piasecki, Musk, donald, Biden, Tim Cook, X, Anna Moneymaker, Vance, we're Organizations: Big Tech, Trump, GOP, Google, Apple, Microsoft, Federal Communications Commission, Inc, Getty, Heritage, FCC, TikTok, United, Florida Rep, Federal Trade, Elon, Government, of Government, SpaceX, OpenAI, Bloomberg News Locations: Starlink, Florida, Silicon Valley, Trump

☆ Nvidia must show Blackwell chip can drive growth in earnings report
▼ + stars: | 2024-11-19 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Future growth will have to come from Blackwell, its next-generation chip that has just started shipping to end-users such as Microsoft , Google and OpenAI. More important than Nvidia's third-quarter results will be what the company says about demand for the Blackwell chip. In August, Nvidia said it expected about "several billion" in Blackwell sales during the January quarter. Nvidia reported 122% growth in sales in the most-recent quarter. That was lower than the 262% year-over-year growth it reported in the April quarter and the 265% growth in the January quarter.

Persons: Jensen Huang, Frank Lee, Lee, Blackwell, Raymond James, Srini Pajjuri, ChatGPT, LSEG, Huang Organizations: Nvidia, HSBC, Microsoft, Google, Blackwell, Nintendo Locations: Vilhelm, Kastrup, Denmark, NVDA

☆ Shares of Nvidia and AMD go different ways — here's Jim Cramer's advice on both AI chip stocks
▼ + stars: | 2024-11-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. When asked for comment on The Information report, an Nvidia spokesperson emailed a statement to the Investing Club: "NVIDIA GB200 systems are the most advanced computers ever created. That doesn't seem like the right reason to race out and buy AMD stock Monday, though. 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 .

Persons: Jim Cramer, Donald Trump's, Jim, White, doesn't, he's, Michael Dell, Blackwell, AMD's, he'd, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Club, Nvidia, Blackwell, Dell, Investing, NVIDIA, Devices, AMD, IBM, Microsoft, Meta, CVS Health, Netflix, Warner Bros Discovery

☆ Goldman's 2025 equity forecast is out and calls for the S&P 500 to gain 11% from here
▼ + stars: | 2024-11-18 | by ( John Melloy | ) www.cnbc.com time to read: +3 min

"We estimate net margins will expand by 78 bp to 12.3% in 2025 followed by a further 35 bp increase to 12.6% in 2026." Heading into this year the Goldman team was too bearish. When it originally set its 2024 forecast last November it called for the index to climb just 5% to 4,700. States the report: "Our economists assume the Trump administration will impose targeted tariffs on imported automobiles and select imports from China. "High multiples are weak signals for near-term returns, but typically increase the magnitude of market drawdown during a negative shock," states the report.

Persons: Goldman Sachs, David Kostin, Goldman, Donald Trump, Trump, Martin Marietta, Stocks Organizations: CNBC Pro, Goldman, Microsoft, Tesla, Electronic Arts, Martin Marietta Materials, Waste Management, Fiverr International, Apple, Adobe, Mastercard, Uber Locations: China

☆ Brendan Carr wrote the FCC chapter in ‘Project 2025.’ Now he’s Trump’s pick for the agency
▼ + stars: | 2024-11-18 | by ( Brian Stelter | ) edition.cnn.com time to read: +7 min

New York CNN —President-elect Donald Trump’s pick for chairman of the Federal Communications Commission, Brendan Carr, wasted no time in stating his priorities on Sunday night. Carr is now the senior Republican at the agency, which meant he was widely expected to get the chairman appointment. As chairman, Carr may be able to steer generous federal subsidies to Starlink. In his Project 2025 chapter, Carr laid out an agenda for the federal agency under a future Trump administration. The FCC chairman during Trump’s first term in office, Ajit Pai, had a very different set of priorities.

Persons: Donald Trump’s, Brendan Carr, Carr, ” Carr, Elon Musk, ”, Trump, NewsGuard, hasn’t, “ Carr, Gigi Sohn, Tom Wheeler, Trump’s, Ajit Pai, Pai, Jessica Rosenworcel, can’t Organizations: New, New York CNN, Federal Communications Commission, FCC, Democrats, Republican, Politico, Elon, Facebook, Twitter, Meta, Microsoft, Apple, Trump, Communications, Free Press, Democratic, Democrat Locations: New York, Big Tech

☆ AWS hires former SAP and Microsoft executive as new marketing chief
▼ + stars: | 2024-11-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

AdvertisementAWS hired Julia White as its new chief marketing officer, replacing Raejeanne Skillern. Amazon Web Services has a new marketing chief. On Monday, AWS's CEO, Matt Garman, told employees that the company had hired Julia White, a former SAP and Microsoft executive, as its new chief marketing officer. Before that, she spent almost 20 years at Microsoft in various roles, including corporate vice president for the Azure cloud computing unit. The company recently added Colleen Aubrey, a former Amazon advertising executive, as a senior vice president of AWS Solutions, and Baskar Sridharan, an ex-Google Cloud vice president, as a vice president of AI/ML services.

Persons: Julia White, Raejeanne Skillern, White, Matt Garman, Einat Weiss White, Raejeanne, Skillern, Colleen Aubrey, Baskar, Adam Selipsky, Matt Wood, Garman, Julia, she's, Matt Organizations: SAP, Microsoft, AWS, Amazon, AWS Solutions, Google Cloud, Corporate

☆ Number of older adults who lost $100,000 or more to fraud has tripled since 2020, FTC says
▼ + stars: | 2024-11-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

In 2023, about 4,600 adults age 60 and older reported being defrauded of a six-figure sum, according to a report the FTC issued in October. Such thefts can be especially devastating to older adults, who have less opportunity to earn back what they've lost, greatly impacting their quality of life in old age, experts said. Common scams targeting older AmericansConsumers overall lost $10 billion to scams in 2023, a record high, according to the FTC. Older adults were 60% more likely than younger ones to report losses exceeding $100,000 last year, according to the FTC. Criminals commonly stole such vast sums from older adults via romance scams, investment frauds and imposter scams, the FTC said.

Persons: Karl, Josef Hildenbrand, That's, they've, John Breyault, Breyault, Crypto Organizations: Getty, Federal Trade Commission, National Consumers League, FTC, Finance, A.I, underreporting, Gallup, Microsoft, Publishers Clearing, Social Security Administration, Federal Bureau of Investigation, FBI

☆ Traders like the broadening postelection rally, but are getting worried about rising dollar threat
▼ + stars: | 2024-11-18 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. The ICE U.S. Dollar index is currently at a higher level than it was in June of 2022 when Microsoft warned of a stronger dollar impact to earnings. Other multi-national companies including Johnson and Johnson, Estee Lauder and Amazon also warned of the dollar impact that year. "I think the choices are already made to a certain extend," said Ross Mayfield Investment Strategist for Baird Private Wealth Management on Worldwide Exchange.

Persons: Kevin Mahn, Walsh, Steve Sosnick, Johnson, Estee Lauder, Joe Biden, XI Jinping, Xi, Trump, Ross, Mayfield, Mahn Organizations: PRO, Worldwide, Interactive Brokers, ICE, Microsoft, Amazon, Evercore ISI, Economic Cooperation, Ross Mayfield Investment, Baird Private Wealth Management, Worldwide Exchange, Howmet Aerospace, Defense Locations: Hennion, United States, China, Asia, U.S

☆ Trump taps Brendan Carr to chair Federal Communications Commission
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +1 min

Brendan Carr speaks during a House Committee on Energy and Commerce Subcommittee on Communications and Technology Hearing titled Connecting America. President-elect Donald Trump will tap Brendan Carr, a critic of the Biden administration's telecom policies and Big Tech, as chairman of the Federal Communications Commission, he said in a statement on Sunday. Carr, 45, is currently the top Republican on the FCC, the independent agency that regulates telecommunications. Last week, Carr wrote to Meta's Facebook, Alphabet's Google , Apple and Microsoft saying they had taken steps to censor Americans. Trump also sued CBS over its "60 Minutes" interview with Vice President Kamala Harris.

Persons: Brendan Carr, Donald Trump, Carr, Joe Biden's, Disney's, Trump, Kamala Harris Organizations: Energy, Communications, Technology, Biden, Big Tech, Federal Communications Commission, Republican, FCC, Elon, SpaceX, Commerce Department's, Facebook, Google, Apple, Microsoft, Sunday, Disney's ABC, NBC, Paramount, CBS

☆ Microsoft Copilot's underperformance is the latest red flag for investments in AI
▼ + stars: | 2024-11-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

The big storyA Copilot conundrumMicrosoft; Chelsea Jia Feng/BIMicrosoft's challenges with its flagship AI product could be another red flag for an industry with high hopes for the tech. Earlier this year, analysts at Barclays highlighted an under-the-radar risk to AI bets: the depreciation costs related to AI chips . A potential Trump trade plan beneficiary: US semiconductor jobs. If Trump's proposed trade plan is enacted, the American semiconductor industry could see hiring growth. Walmart might be just fine under Trump's proposed trade plan.

Persons: Copilot, Chelsea Jia Feng, Insider's Ashley Stewart, Satya Nadella didn't, doesn't, Ashley, It's, Sam Altman, Alistair Barr, Alyssa Powell, Jared Spataro, OpenAI, Biden, Carlyle, Will Matt Gaetz, Will Trump, Rob Arnott, Arnott, ANGELA WEISS, Trump's, Ilya Sutskever, Mira Murati, Rebecca Zisser, homebuyers, Trump, Bob Iger, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, New York.Milan Sehmbi Organizations: Business, Microsoft, Chelsea, Getty, Lumen Technologies, Barclays, Trump, Treasury, UFC, Republican, Getty Images, Elon, Spirit Airlines, JetBlue, Walmart, Walmart US, Shoppers, The Locations: Ukraine, Russia, Rio de Janeiro, New York, Chicago, London, New York.Milan

☆ Canva hires former Zoom CFO Kelly Steckelberg to run finance ahead of expected IPO
▼ + stars: | 2024-11-18 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Founded in 2013, Canva was valued recently at $32 billion, a drop from its peak of $40 billion in 2021. Canva is generating about $2.5 billion in annualized revenue and boasts 220 million monthly users. Steckelberg held financial positions at Cisco and was CEO of online dating company Zoosk before joining Zoom in 2017. Steckelberg announced her departure from Zoom in August after seven years at the company. Canva's previous finance chief Damien Singh resigned in February after the company said it was conducting an internal investigation surrounding inappropriate behavior.

Persons: Kelly Steckelberg, John Ritter, Canva, Klarna, Zoom, Steckelberg, Michelle Chang, Damien Singh Organizations: John, John Ritter Foundation, Relics, Adobe, Nasdaq, U.S . Securities, Exchange Commission, Cisco, Zoom Locations: Van Nuys , California, Austin , Texas, Sydney, Australia

☆ European tech CEOs urge 'Europe-first' mentality to counter U.S. dominance after Trump victory
▼ + stars: | 2024-11-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal. The Republican politician's victory was a key topic on various prominent tech bosses' lips at the Web Summit conference in Lisbon, Portugal. "It's time for Europe to step up," Yen told CNBC on the sidelines of Web Summit. US Big Tech 'playing extremely unfairly'However, Proton's Yen urged the EU not to water down its push to rein in America's tech giants. 'AI sovereignty' now a key battlegroundAnother theme that attracted much chatter on the ground at Web Summit was the idea of "AI sovereignty."

Persons: Thomas Plantenga, Harry Murphy, Donald Trump's, Andy Yen, Yen, Trump, Proton's Yen, Mitchell Baker, Baker, it's, Plantenga, we'll, OpenAI, Christian Kroll, Shelley McKinley, GitHub, McKinley Organizations: Web, Getty Images, Portugal — Tech, Big, Republican, Proton, CNBC, European Union, Apple, Microsoft, Meta, Markets, US Big Tech, Mozilla Foundation, Google, Trump Locations: Lisbon, Portugal, Getty Images LISBON, Europe, America, EU, Lithuania

☆ Google Gemini gets Marc Benioff's stamp of approval
▼ + stars: | 2024-11-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

His latest fascination is Google's Gemini Live, an AI voice assistant. Marc Benioff gave Google's AI voice assistant, Gemini Live, his stamp of approval. "Just downloaded Gemini Live, and I'm absolutely blown away," he wrote in an X post on Sunday. Google released a smartphone app for Gemini Live on Apple's App Store on Thursday, just a few months after the virtual assistant was made free for users. We already have that live," Benioff said.

Persons: Marc Benioff, Benioff, Sundar Pichai, Copilot, Insider's Ashley Stewart, OpenAI's ChatGPT, ChatGPT's, Axios, Jensen Huang, David Sacks Organizations: Gemini, Microsoft, Google, Apple, Apple Intelligence, Business, BI, Pacific, Nvidia Locations: Francisco

☆ Rolls-Royce is in talks to use its compact nuclear reactors to power data centers and space missions
▼ + stars: | 2024-11-18 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

AdvertisementRolls-Royce is in talks with potential customers for its nuclear reactors, per the Financial Times. The company said the reactors could provide energy for data centers, mining, and space missions. Rolls-Royce is in early-stage talks with potential customers for its compact nuclear reactors, which are designed to power data centers on Earth and one day to be sent into space, the Financial Times reported. Big Tech companies — including Google, Amazon, and Microsoft — have expressed interest in nuclear power to meet AI's high energy demands. In July 2024, Rolls-Royce was awarded funding from the agency's National Space Innovation Programme, or NSIP, for space nuclear power.

Persons: Royce, Jake Thompson, Microsoft —, Thompson Organizations: Financial Times, Business, Big Tech, Google, Microsoft, Royce, UK Space Agency, Innovation

☆ Tencent challenges Amazon and Microsoft's cloud dominance by tapping into its WeChat ecosystem
▼ + stars: | 2024-11-18 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

SINGAPORE — Chinese tech giant Tencent is increasingly leveraging its WeChat super-app ecosystem to set itself apart from dominant global cloud service players, Tencent Cloud CEO Dowson Tong said. Super app platforms are often developed using cloud infrastructure to provide scalability, reliability, and efficient resource management. For example, Cambodia's Canadia Bank partnered with Tencent Cloud to launch a new mobile banking app in 2023. For instance, Amazon specializes in e-commerce, cloud services, and streaming, but does not have a single app integrating these services. Similarly, Microsoft offers enterprise solutions such as Office 365 and gaming, but lacks a comprehensive consumer-facing super app.

Persons: Dowson Tong, Tong Organizations: Tencent, CNBC, Singapore Fintech, Microsoft, Web Services, Google, Synergy Research, Cambodia's Canadia Bank, Amazon Locations: WeChat, China, SINGAPORE, Singapore

☆ Blackwell is key to Nvidia's next growth phase. The new AI chip has reportedly hit an overheating snag.
▼ + stars: | 2024-11-18 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Blackwell chips are key for AI development, promising improved speed over Nvidia predecessors. The chips are also considered a key growth driver for Nvidia, with one analyst previously likening Blackwell to an iPhone moment. Last month, Nvidia CEO Jensen Huang told CNBC that "demand for Blackwell is insane" and separately said that Blackwell is sold out for the next 12 months. AdvertisementNvidia has already delayed shipment of the next-generation AI chips by a quarter after The Information reported in August that it had design flaws. SoftBank is the first customer to use Nvidia's Blackwell chips, the companies said at Nvidia's AI summit in Japan last week.

Persons: Blackwell, Hopper, Jensen Huang, Beth Kindig, Huang, Nvidia's Blackwell Organizations: Nvidia, Companies, CNBC, Amazon Web, Meta, Microsoft, Reuters, Business Locations: TSMC, Japan

☆ Those bold AGI predictions are suddenly looking stretched
▼ + stars: | 2024-11-17 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

The generative AI boom has inspired bold AGI predictions ranging from this happening in 2025, 2026, or maybe 2027. AdvertisementThat's the main reason for huge gains in recent years in the performance of AI models. AdvertisementHorowitz noted several factors that are holding back AI model improvements, including a lack of new high-quality human data and problems sourcing the extra energy needed to power AI data centers. AGI questionsIf the main tried-and-true method for improving AI models is no longer working, we are unlikely to get AGI anytime soon. Altman's bold AGI predictions may also be an effective rallying cry for hard-working OpenAI employees.

Persons: Sam Altman, there's, that's, Oren Etzioni, Etzioni, Ilya Sutskever, Noam Brown, Google hasn't, Marc, Ben, Marc Andreessen, Ben Horowitz, Andreessen, Horowitz, we're, OpenAI, Altman, we've, AGI, Elon Musk, It's Organizations: YouTube, Allen Institute, Tech, Reuters, Orion, Bloomberg, Google, AGI, Microsoft, Intel, Computer, Artificial Intelligence Locations: Seattle

☆ Wall Street is gearing up for an M&A boom under Trump. These companies could be attractive targets
▼ + stars: | 2024-11-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Now that the election is over, and a change at the FTC seems highly likely, Wall Street is getting ready for a new era. "In my opinion, bank M & A has reopened for every bank absent the globally systemically important banks," Mills told CNBC. DFS 1M mountain Shares of Discover Financial rallied sharply after the election of Donald Trump. The merger between those two companies was blocked by a judge and then dropped this past week , but both companies could be players moving forward. There's still a populist tone in the Trump campaign … and enforcement, in my opinion, is not going to go away.

Persons: Trump, Lina Khan, Carlyle, Harvey Schwartz, Morgan Stanley, Stephanie McCann, McDermott Will, Emery, Wolfe, Naturium, Goldman, Ed Mills, Raymond James, Mills, Donald Trump, Joe Biden's, Matt Gaetz —, —, There's, Kyle Healy, Alston, Michael Lynton Organizations: Federal Reserve, Federal Trade, FTC, Federal, CNBC, Wolfe Research, Amazon, Electronic Arts, Zoom Video Communications, EA, Activision Blizzard, Capital, Discover Financial Services, DFS, Discover Financial, Spirit Airlines, Frontier, JetBlue, Regulators, Trump, Bird, Warner Music Locations: Washington

☆ OpenAI ranks fourth among top tech vendors that IT leaders plan to spend the most with, survey finds
▼ + stars: | 2024-11-17 | by ( Helen Li | ) www.businessinsider.com time to read: +2 min

AdvertisementOpenAI ranks fourth among vendors that IT leaders plan to spend the most with, per a Flexera survey. The report surveyed 800 IT leaders on their priorities for the coming year. OpenAI ranks fourth among top vendors that IT leaders are currently or planning to spend the most with next year, according to a newly released industry report. Flexera, a software asset management company, released its 2025 IT Priorities Report based on a survey of 800 IT leaders from the US, the United Kingdom, Germany, and Australia. This was the first year that OpenAI debuted on the survey list as an option.

Persons: OpenAI Organizations: Microsoft, Google, Amazon Web Services, Oracle, Khosla Ventures, Tiger, Nvidia Locations: United Kingdom, Germany, Australia

☆ Here's a look inside the Three Mile Island nuclear power plant
▼ + stars: | 2024-11-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Operations at Three Mile Island are poised to restart in four years, the latest sign that the nuclear power industry is undergoing a major turnaround after a wave of plant closures. The Unit 1 reactor at Three Mile Island, which entered service in 1974, was permanently shut down in 2019 due to economic pressure as nuclear power struggled to compete against natural gas. But the tech sector's growing power needs are breathing new life into the industry. Constellation Energy plants to restart Unit 1 in 2028 through an agreement with Microsoft to help power the tech company's data centers. Here is a look at the plant's main control room, the turbine deck that houses the main power generator, and the facility's iconic cooling towers.

Persons: Chris Crane, Exelon, Bryan Hanson Organizations: Constellation Energy, Microsoft, Crane Clean Energy, Nuclear Regulatory Commission, The Department of Energy, Energy Solutions

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