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☆ CNBC Daily Open: Tesla helps the Nasdaq snap its losing streak
▼ + stars: | 2024-11-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Individual stocks sway indexesOn Monday, the S&P 500 rose 0.4% and the Nadaq Composite added 0.6%, mostly spurred higher by Tesla . Shares of Goldman Sachs and Salesforce fell, causing the Dow Jones Industrial Average to drop 0.1%. Autonomous vehicles on the agendaTesla shares jumped 5.6% after it was reported that President-elect Donald Trump's incoming administration plans to draw up a federal framework that will regulate self-driving vehicles.

Persons: Goldman Sachs, Salesforce, Donald, Howard Marks, Goldman Organizations: CNBC, Tesla, Dow Jones, China's CSI, Nasdaq, BDO, Vice, JPMorgan, UBS Locations: Asia, Pacific, Hong Kong, China China, China

☆ Hiring platforms are making it harder to find a job, says HR tech founder: 'It's more soul-crushing than ever'
▼ + stars: | 2024-11-19 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Stross is the president and co-founder of Greenhouse, the hiring platform, and has seen a lot of tech and AI advancements in hiring since his business launched in 2012. And so you feel pressure that if you're not applying to tons of jobs, you're falling behind." New tech can enable bad hiring practicesAnother issue is that businesses are leveraging hiring tech to post more job openings, even if they're not for roles they're actively hiring for. Another strategy: Reach out to first- or second-degree LinkedIn connections at companies you're actively applying to. Hiring tech can limit bad actors and highlight positive experiences

Persons: Jon Stross, he's, isn't, Stross, Greenhouse, they're Organizations: Greenhouse, CNBC

☆ CNBC Daily Open: Tesla makes up for Nvidia’s dip
▼ + stars: | 2024-11-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Individual stocks sway indexesOn Monday, the S&P 500 rose 0.4% and the Nadaq Composite added 0.6%, mostly spurred higher by Tesla . 'Europe-first' approachEuropean countries should adopt a "Europe-first" approach to technology, especially in response to Trump's protectionist inclinations, tech CEOs told CNBC. But investors should still be wary of certain headwinds, warned the bank's Chief U.S. Equity Strategist Mike Wilson.

Persons: Goldman Sachs, Salesforce, Donald, Andy Yen, Morgan Stanley, Mike Wilson Organizations: CNBC, Tesla, Dow Jones, Nasdaq, BDO, Proton, Chief U.S, Equity Locations: Europe

☆ Robotaxis could slowly be coming for Uber and Lyft drivers' earnings
▼ + stars: | 2024-11-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

AdvertisementCompetition from driverless taxis could reduce Uber and Lyft drivers' earnings in the years to come. Many drivers told BI that the gig has become less profitable recently due to increased competition. As the adoption of driverless taxis spreads across the US, ride-hailing experts told Business Insider that Uber and Lyft drivers could see their earning opportunities slowly deteriorate. Garin said that many ride-hailing drivers work part-time and don't rely on the gig as their primary source of income. A Lyft spokesperson did not respond to BI's question about the impacts driverless taxis could have on ride-hailing drivers.

Persons: Carl Benedikt Frey, Frey, Waymo, Uber, robotaxis, Andrew Garin, Garin, who've, Lyft, Sergio Avedian, Guy, Bernstein, Nicole Moore, Lindsey Cameron, we've, we're Organizations: Oxford Internet Institute, Drivers, Carnegie Mellon University's Heinz, Atlanta, Phoenix, Mobileye, Wharton School, University of Pennsylvania Locations: San Francisco, Phoenix, Las Vegas, Los Angeles, Austin, Aurora, China

☆ Baron small-cap funds have beaten the market for decades. These are their picks in AI, data & sports
▼ + stars: | 2024-11-19 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The Baron Growth Fund (BGRFX) , Baron Small Cap Fund (BSCFX) and Baron Discovery Fund (BDFFX) all invest in the small-cap universe, and they have produced double-digit annualized returns since inception and outperformed their respective benchmarks, according to Morningstar. Total small-cap growth exposure recently hit a 10-year low when investors are shunning the asset class. The Baron Growth and Small Cap funds were created in the 1990s, while the Baron Discovery Fund was launched in 2013. Small companies, which are more domestic-oriented and cyclical, are seen as beneficiaries from President-elect Donald Trump's tax cuts and protectionist policies. "We do an incredible amount of research on these companies, which allows us to find small companies that can have great competitive advantage.

Persons: Baron Capital, Baron, Morningstar, Laird Bieger, Donald Trump's, Russell, Randolph Gwirtzman, Gwirtzman, DraftKings Organizations: Baron Capital, Baron, Baron Growth, Fund, Baron Discovery Fund, Morningstar, Kratos Defense, Security Solutions, Tempus, Gartner Locations: New York

☆ Rocket Lab's CEO practices founder mode like Elon Musk — but he'd rather pan for gold on Earth than live on Mars
▼ + stars: | 2024-11-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

AdvertisementHeadquartered in Long Beach, California, Rocket Lab employs over 2,000 people globally. It's an "end-to-end space company," providing launch services, spacecraft, satellite components, and on-orbit management. Rocket Lab is valued at a fraction of that, with a market cap of around $9.5 billion. He said that's the nature of who he is — and the job of running a rocket company. AdvertisementBeck describes running a rocket company as "running through a maze in the middle of the night."

Persons: Peter Beck, Beck, Elon Musk, you've, Donald Trump, Trump, David, faze Beck, Virgin, Virgin Orbit, Jeff Bezos, Rutherford, Ernest Rutherford, We've, we've, doesn't, Beck doesn't, blissfully Organizations: SpaceX, Rocket, Department of Government, Lab, Rocket Lab, New Zealand Locations: New Zealand, Long Beach , California

☆ 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

☆ Xpeng's CEO says most Chinese carmakers will not survive the next decade
▼ + stars: | 2024-11-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

But Xpeng's CEO, He Xiaopeng, says most Chinese carmakers will not exist in 10 years. He predicted that only seven major car companies would eventually be left in China. Xpeng CEO He Xiaopeng doesn't think most Chinese carmakers will survive the next decade. AdvertisementMercedes-Benz CEO Ola Källenius took a similar position to He when asked about the threat posed by Chinese EV makers at the Berlin Global Dialogue conference in October. Chinese carmakers like BYD have also attempted to conquer the global electric vehicle market.

Persons: Xiaopeng, Ola Källenius, Källenius, Stephen Dyer, BYD, Brian Gu Organizations: EV, Singaporean, The Straits Times, Business, CNA, Benz, Berlin Global, Getty, —, Wall Street Journal, Research, BI Locations: China, Xpeng, Thailand, Brazil

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Meta, Uber, Netflix, Apollo, Datadog & more
▼ + stars: | 2024-11-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple, Microsoft and Meta as overweight The firm says "mega-cap tech under-ownership narrows" in the third-quarter but that it's sticking with all three stocks. " UBS upgrades Comfort Systems to buy from neutral UBS says the HVAC company is a beneficiary in tech and data center cooling. UBS upgrades American Water Works to buy from neutral UBS says it sees "consistent" total returns for the water company. " Jefferies reiterates Netflix as buy The firm raised its price target on the stock to $1,000 per share from $800. TD Cowen names Datadog a best idea The firm says the stock is a top idea in 2025.

Persons: Stifel, it's, Morgan Stanley, Okta, –, Jefferies, Uber, Needham, Joby, Piper Sandler downgrades Kraft Heinz, Piper, Kraft Heinz, Piper Sandler, Paul, Tyson, NFLX, TD Cowen, United, Datadog, Scott Thomson, it's bullish Organizations: Nvidia, Apple, Microsoft, Barclays, UBS, Comfort Systems, Works, Edison Electric, Kraft, Apollo, TAM, Netflix, Bank of America, Bank of, Scotiabank, JPMorgan Locations: Bank of Nova Scotia, robotaxis

☆ Baltic Sea internet cables cut: European officials cry sabotage
▼ + stars: | 2024-11-19 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +3 min

CNN —European officials are looking toward Russia after two submarine internet cables in the Baltic Sea were suddenly disrupted in an apparent sabotage operation, just weeks after the United States warned that Moscow was likely to target critical undersea infrastructure. A cable between Lithuania and Sweden was cut on Sunday, according to Telia Lithuania, the telecommunications company that runs the link. Separately, the state-controlled Finnish telecoms company Cinia said one of its cables, which connects Finland and Germany, was disrupted on Monday. ”Nobody believes that these cables were accidentally severed,” he told reporters on Tuesday morning ahead of a ministerial meeting in Brussels, Belgium. The extent of the disruption, if any, caused by the damage to the cables is unclear.

Persons: Cinia, Boris Pistorius, ”, “, “ Pistorius, Telia, Andrius Šemeškevičius, – Organizations: CNN, Germany’s, Museum of Occupation, European Union, BCS Locations: Russia, Baltic, States, Moscow, Lithuania, Sweden, Finnish, Finland, Germany, Brussels, Belgium, Ukraine, Czech, Prague, Riga, Latvia, Ukrainian, London, Warsaw, Poland, Belarus, Helsinki, Rostock, Lithuanian

☆ An AI startup CEO on a Forbes '30 Under 30' list has been charged with defrauding investors out of $10 million
▼ + stars: | 2024-11-19 | by ( Jack Newsham | ) www.businessinsider.com time to read: +2 min

Federal prosecutors have charged the founder of an education technology startup spun out of Harvard who was recognized on a Forbes 30 Under 30 list in 2021 with fraud. AdvertisementAllHere, which came out of the Harvard Innovation Lab, created an AI chatbot that was supposed to help reduce student absenteeism. Smith-Griffin was featured on the Forbes 30 Under 30 list for education in 2021. AllHere's investors included funds managed by Rethink Capital Partners and Spero Ventures, according to a document filed in bankruptcy court. Representatives for Harvard, Forbes, and Inc. didn't immediately respond to a comment request on Tuesday.

Persons: Joanna Smith, Griffin, Smith, Sam Bankman, Charlie Javice, Martin Shkreli —, spotlighted, Damian Williams, AllHere, didn't, Griffin wasn't Organizations: AllHere, Forbes, Harvard Innovation, Los Angeles Unified School District, Inc, Prosecutors, New York City Department of Education, Atlanta Public Schools, Capital Partners, Spero Ventures, Harvard Locations: Harvard, New York, North Carolina

☆ Stocks making the biggest moves midday: Walmart, Lowe's, Intuit, Kraft Heinz and more
▼ + stars: | 2024-11-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Walmart — The big-box retailer saw shares jump nearly 5% to hit a record after the retail giant topped fiscal third-quarter earnings and revenue expectations. The retailer also hiked its outlook again as it saw growth in e-commerce and improvements in sales outside of the grocery aisles. Lowe's — The home improvement retailer dropped more than 3% after saying it expects sales to decline in 2024 . Kraft Heinz — The packaged food company dipped about 1% after a Piper Sandler downgrade to neutral from overweight. Insmed — Shares rallied more than 8% after the drugmaker terminated a $500 million equity sales agreement with health-care investment bank Leerink Partners.

Persons: Young, Lowe's, Kraft Heinz —, Piper Sandler, Kraft Heinz, Robert F, Kennedy Jr, Trump, —, Wall, Symbotic, Donald Trump's, Jesse Pound, Yun Li, Sarah Min, Alex Harring, Sean Conlon, Pia Singh Organizations: Walmart, BDO, Ernst, Nasdaq, Leerink Partners, Viking Holdings, Revenue, Intuit, Washington Post, Donald Trump's Department, Government

☆ Zhuhai airshow: Stealth fighters and a massive mothership drone: the high-tech weapons China has unveiled
▼ + stars: | 2024-11-19 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

J35-A stealth fighterMore than a decade in the making, China’s much-anticipated new stealth fighter jet, the J-35A, is widely seen as part of Beijing’s bid to match the United States’ stealth fighter capabilities. The HQ-19 surface-to-air missile system is among the most anticipated new weapons displayed at the airshow in Zhuhai, China. The Chinese military's new unmanned aerial vehicle, "Jetank," is displayed at the Zhuhai airshow on Nov. 12, 2024. It comes with folding tailfins, a design that allows for more compact stowage to fit the country’s stealth fighter jets. A Russian Sukhoi Su-57 fifth-generation fighter aircraft flies during the airshow in Zhuhai, China on November 14, 2024.

Persons: –, Xinzhi, ”, Wei Dongxu, Du Wenlong, Zhuhai . Long Wei, Zou Wei, Russian Sukhoi Su, Hector Retamal, Sergei Shoigu Organizations: Hong Kong CNN, PLA Air Force, CCTV, US, Air Defense, US Defense, PLA, PLA Academy of Military Sciences, Kyodo, Future Publishing, China Military, China Military Online, Aviation Industry Corporation of China, Air Missile, International Institute for Strategic Studies, AIM, Getty, Tass Locations: Hong Kong, China, Zhuhai, United States, Beijing, Asia, Ukraine, Taiwan, States, Zhuhai . Long, Air Missile China, Russian Sukhoi, AFP, Russia, Russian

☆ Elon Musk's X sues Twitch in lawsuit alleging advertisers conspired to boycott the platform
▼ + stars: | 2024-11-19 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

AdvertisementX has added Twitch as a defendant in a suit accusing advertisers of colluding to withhold ad spend. Ad revenue on X has plummeted since Elon Musk acquired the platform in 2022. Elon Musk's X is suing Twitch, alleging that the Amazon-owned video streaming platform and other companies illegally conspired to boycott advertising on the platform formerly known as Twitter. Twitch, X, and the WFA didn't immediately respond to requests for comment made by Business Insider outside normal US business hours. Musk's own behavior on and off the platform — including famously telling advertisers who boycotted X to "go fuck yourself" — hasn't encouraged advertisers to place their budgets there, either.

Persons: Elon Musk, Elon Musk's, Twitch, Stephan Loerke, it's, Ørsted, Twitch —, X's, hasn't, Jim Jordan, Donald Trump's, Abraham Yousef, Yousef Organizations: Global Alliance of Responsible Media, Elon, Twitter, Federation, WFA, Business, Unilever, CVS Health, Twitch, Google, Committee, WPP, Diageo, Tower Locations: Texas, Ohio

☆ With Elon Musk in tow, Trump eyes changes to government policies on AI and its risks
▼ + stars: | 2024-11-19 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

The Republican document said the executive order contained “radical leftwing ideas” that hindered innovation. The most advanced AI systems could, in the worst case, “pose an extinction-level threat to the human species,” the report said. A related document said AI systems could be used to implement “high-impact cyberattacks capable of crippling critical infrastructure,” among a litany of risks. However, he worries that a repeal of Biden’s executive order would spell the end of the US government’s AI Safety Institute. It is possible that that would be the subject of a future Trump executive order,” said Strait.

Persons: London CNN — Donald Trump, Elon Musk, Joe Biden, Sandra Wachter, ”, Andrew Strait, Ada Lovelace, Strait, Kamala Harris, Musk, Steve Kramer, Dean Phillips, Biden, Phillips ’, Taylor Swift, Alexandria Ocasio, Cortez, ” Manoj Chaudhary, What’s, It’s “, Trump, ” Strait, Gavin Newsom, JD Vance, “, Musk’s Tesla Organizations: London CNN, White House, Republican Party, Republican, Oxford Internet Institute, Oxford University, CNN, Ada, Ada Lovelace Institute, US Department of Homeland Security, Democratic, US State Department, AI Safety, “ Department, Government, Trump Locations: London, United States, New Hampshire, Alexandria, Colorado, New York, ”, California

☆ Stocks making the biggest moves premarket: Walmart, Lowe's, Super Micro Computer, BioNTech and more
▼ + stars: | 2024-11-19 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Walmart – The retail giant gained about 4% after posting fiscal third-quarter results that surpassed Wall Street's estimates. Although the company reported a top- and bottom-line beat in the fiscal third quarter, it estimates sales will fall year over year. Super Micro Computer — The server maker soared around 26% after announcing BDO as its new auditor. Super Micro also provided a plan to the Nasdaq on how it will stay in compliance with exchange's rules. Symbotic — The automation technology company surged 28.5% after beating expectations for revenue in the fourth fiscal quarter.

Persons: Young, Symbotic, AeroVironment, Donald Trump's, Robert F, Kennedy Jr, Blackwell, Sarah Min, Samantha Subin, Hakyung Kim, Sean Conlon, Brian Evans, Michelle Fox Organizations: Walmart, BDO, Ernst, Nasdaq, Revenue, Wall, BioNTech, ISI, Department of Health, Human Services, Nvidia —, Nvidia

☆ I thought I preferred texting to phone calls. While in a long-distance relationship, I realized how much I missed talking on the phone with friends.
▼ + stars: | 2024-11-19 | by ( Hannah Wilkinson | ) www.businessinsider.com time to read: +5 min

AdvertisementMy partner and I started dating while we were long-distance and communicated through phone calls. I realized that I missed talking to my friends this way, and started calling them more often. He preferred talking on the phone over texting, and over time I grew to prefer it, too. AdvertisementWe built our relationship through phone calls, and despite now living together full-time, it's still our preferred way to communicate when we're apart. But interestingly, 45% of men prefer phone calls, compared to only 29% of women.

Persons: There's, it's, I'd, I've, It's Locations: London, Australia, Greece

☆ Morgan Stanley found a new autonomous driving pure play, gives it 25% upside
▼ + stars: | 2024-11-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Autonomous driving technology company WeRide has plenty of room to grow as a result of its early-mover advantage in the global self-driving market, according to Morgan Stanley, which brought the firm public in an IPO last month at $15.50 a share . Morgan Stanley estimates the global autonomous driving market size will jump to $1.745 trillion in 2030 from $93 billion in 2025. "WeRide is a pure play in global L4+ autonomous driving," Hsiao wrote in a 38-page report on Tuesday note. Level 4 autonomous driving describes when a vehicle can drive in most circumstances without a human driver, one step below the top-most Level 5 designation for a fully automated vehicle . To be sure, the threat of tighter regulation on driverless vehicles is a downside risk for the stock, and Morgan Stanley forecasts WeRide's earnings and cash flow will remain "volatile" in the near term, Hsiao noted.

Persons: Morgan Stanley, Tim Hsiao, WeRide, Uber, Hsiao, — CNBC's Michael Bloom Organizations: WeRide Locations: Guangzhou, China, U.S, UAE, Singapore

☆ Sony in talks to buy media powerhouse behind 'Elden Ring,' Reuters reports
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: 1 min

The Sony logo is displayed outside the company's headquarters in Tokyo, Japan February 16, 2023. Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the "Elden Ring" game, two sources familiar with the matter said, as the technology giant looks to add to its entertainment portfolio. The talks between the two sides are ongoing and, if successful, a deal could be signed in the coming weeks, the sources said. Sony already has a 2% stake in Kadokawa and a stake in Kadokawa subsidiary FromSoftware, the developer of the hit fantasy role-playing game. The fantasy title is a collaboration between veteran game director Hidetaka Miyazaki and "Game of Thrones" author George R.R.

Persons: Kadokawa, Hidetaka Miyazaki, George R.R, Martin Organizations: Sony, Kadokawa, FromSoftware Locations: Tokyo, Japan

☆ OpenAI head of product shares 5 tips for using ChatGPT
▼ + stars: | 2024-11-19 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

AdvertisementOpenAI Head of Product Nick Turley said users should experiment with ChatGPT's voice mode. Turley offered chatbot users tips on how to upload documents or make their own GPTs. Many people use ChatGPT to create recipes or write work emails, but OpenAI's Head of Product Nick Turley has some handy tips users might want to try. ChatGPT's voice feature comes in nine human-like voices developed with professional voice actors, which can be changed in the website's settings, according to the company. "It is a completely different way of using ChatGPT," Turley said.

Persons: Nick Turley, Turley, OpenAI, It's, they've, ChatGPT, you've Organizations: Twitter, Pixar, Enterprise

☆ Women prefer to play mobile games. China's Tencent sees an opportunity
▼ + stars: | 2024-11-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Tencent's Honor of Kings mobile game drew a record 33,000 fans to watch a final competition in Beijing on Nov. 16, 2024. Surprisingly, many in the crowd were young women, reflecting how interest in mobile games has broadened out from the stereotypical male player in the days of console and PC gaming. Honor of Kings, which claims 100 million players a day, uses a similar format with two teams of five players each. His analysis found that 95% of women prefer mobile games. A newly branded Honor of Kings global championship was held last month in Jakarta, Indonesia's capital, with Malaysian team Black Shrew Esports winning the $300,000 first prize.

Persons: Evelyn Cheng, Kings, Gao, of, Jackie Huang, Huang, Xiaofeng Zeng, Niko Partners, Zeng Organizations: Kings, CNBC, of Valor, of Kings, global, Tencent, Gaming, Riot, Malaysian Locations: Beijing, Evelyn Cheng BEIJING, China, Shanghai, Riyadh, Saudi Arabia, Chinese, North America, Europe, Japan, U.S, India, Malaysia, Indonesia, Southeast Asia, Jakarta

But the decline in support for Ms. Harris in some of the country’s most liberal areas is particularly notable. For example, in Fulton County, which contains most of Atlanta, Ms. Harris gained about 4,500 votes, but Mr. Trump gained more than 7,400. He similarly outran Ms. Harris where she made gains in Wake County, N.C., Lancaster County, Pa., and Montgomery County, Texas. In Milwaukee County in swing-state Wisconsin, Ms. Harris lost 1,200 voters compared with Mr. Biden’s total in 2020, while Mr. Trump gained more than 3,500. But he lost votes, as did Ms. Harris, in majority-Black counties, especially those in the South where turnout dropped overall.

Persons: Harris, Biden, Donald Trump, Kamala Harris’s, Joseph R, Iowa Kan, Trump, Larry Sabato, Mr, Sabato, “, Trump Harris, Eli Murray, Elena Shao, Charlie Smart, Christine Zhang, Biden’s, Christine Zhang Ms, Joel Benenson, Barack Obama’s, ” Mr, Benenson, Harris Trump, John McLaughlin, pollster, McLaughlin, ” Organizations: Trump, New York Times, Hawaii Idaho Ill, N.D . Ohio Okla, D.C, Biden, Mr, Harris Trump, Democratic, Lean Democratic, Lean Republican, Center, Politics, University of Virginia, Florida’s Miami, Republican, Republicans, Harris Trump Arizona, Indiana, Nebraska, Washington, of Columbia Locations: Ala, Alaska, Calif, Colo, Conn, Del, Fla . Ga, Hawaii Idaho, Ind, Iowa, Ky, La . Maine Md, Mass, Mich, Minn, Miss, Mo, Mont, Neb, N.H . N.J, N.M, N.Y, N.C, N.D . Ohio, N.D . Ohio Okla ., Pa, S.D . Tenn . Texas Utah, Va, Wash, W.Va . Wis, Wyo, Chicago, Los Angeles and New York, Texas, Florida, New Jersey, New York, Georgia, Fulton County, Atlanta, Wake County, Lancaster County, Montgomery County , Texas, Milwaukee County, Wisconsin, Milwaukee, Charlotte, Flint, Scranton, Dade County, Miami, Fresno County, Pinellas County, Fla, Black, Michigan, Nevada, Carolina, Alabama, Arkansas, California, Colorado, Connecticut, Delaware, Hawaii, Idaho, Illinois, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Hampshire, Jersey, Mexico, York, Dakota, Ohio, Oklahoma, Oregon, Tennessee, Utah, Vermont, Virginia, Wyoming

☆ Stocks making the biggest moves after hours: Keysight Technologies, La-Z-Boy, Dolby Laboratories and more
▼ + stars: | 2024-11-19 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

The electronics test and measurement equipment company's fiscal fourth-quarter results beat analysts' estimates on the top and bottom lines. Dolby Laboratories — The audio technology company advanced 10% after its fiscal fourth-quarter earnings of 61 cents per share topped Street estimates of 45 cents per share, per FactSet. Azek Company — Shares of the residential siding and trim company ticked up 2% after its fiscal fourth-quarter results beat analysts' estimates. Analysts surveyed by FactSet were looking for earnings of 27 cents per share and $339.1 million in revenue. La-Z-Boy reported earnings of 71 cents per share on revenue of $521 million.

Persons: Keysight, FactSet, Dolby Organizations: Dolby Laboratories, Powell Industries, Azek

☆ 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

☆ AI is hitting a wall just as valuations reach the stratosphere
▼ + stars: | 2024-11-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

The narrative from Silicon Valley is that the AI train has left the station and any smart investor had better hop on before these products become “superintelligent” and start solving all the world’s problems. Now, some of the leading language models appear to be hitting a wall, according to at least three reports last week. But if we have indeed hit a scaling wall, “it may mean that the the mega-cap technology companies have over-invested” and it’s possible that they could scale back in the near future. That’s the AI optimist/pragmatist view. For a less rosy outlook, I turned to Gary Marcus, NYU professor emeritus and outspoken critic of AI hype.

Persons: CNN Business ’, New York CNN — It’s, OpenAI, ”, that’s, “, Orion “, Ilya Sutskever, ” Sutskever, Marc Andreessen, Sam Altman, ” Gil Luria, Davidson, it’s, ” Luria, Gary Marcus, ” Marcus, “ LLMs Organizations: CNN Business, New York CNN, Nvidia, Tech, ” Bloomberg, ” Reuters Locations: New York, GPT

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