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☆ Ulta Beauty shares pop as retailer beats earnings expectations despite demand fears
▼ + stars: | 2024-12-05 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

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

☆ Marc Benioff says humans are already working alongside AI agents
▼ + stars: | 2024-12-05 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

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

☆ Holiday shopping has more Americans getting comfortable with buy-now-pay-later
▼ + stars: | 2024-12-05 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

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

☆ Spirit executive blames other airlines for a 'manufactured' pilot shortage and says some want the carrier out of business
▼ + stars: | 2024-12-05 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

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

☆ Morgan Stanley upgrades Hewlett Packard Enterprises, sees stock surging nearly 30%
▼ + stars: | 2024-12-05 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

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

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Eli Lilly, Cheesecake Factory, Walmart, Costco, Broadcom & more
▼ + stars: | 2024-12-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

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

☆ Lululemon stock jumps as international growth helps to offset slowing U.S. sales
▼ + stars: | 2024-12-05 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

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

HONG KONG — Cathay Pacific, Hong Kong’s flagship carrier, has apologized and pulled from its in-flight entertainment system an episode of the American animated series “Family Guy” that referred to the 1989 Tiananmen Square crackdown. The episode includes a seven-second scene in which the main character, Peter Griffin, is shown standing beside a protester in Beijing’s Tiananmen Square in front of a row of tanks. PacknGo.hk, an online platform specializing in travel-related services, reported that a reader alleged the episode may violate the National Security Law. Public discussion of the Tiananmen Square crackdown has effectively been silenced in Hong Kong under a national security law imposed by Beijing in 2020 as well as local national security legislation unanimously enacted by Hong Kong’s opposition-free legislature in March. The issue has also affected streaming services such as Disney+, whose Hong Kong version does not include episodes of “The Simpsons” that refer to the Tiananmen Square crackdown and accusations of forced labor.

Persons: Guy ”, Peter Griffin, Adek Berry, PacknGo.hk, ”, Hong Kong’s Organizations: Cathay, Hong Kong’s, People’s Liberation Army, Getty, NBC News, National Security Law, National Security Department, Hong Kong Police Force, Disney Locations: HONG KONG, Cathay Pacific, China, Beijing, AFP, British, Hong Kong

The Summary Kash Patel, Trump’s pick for FBI director, promoted a supplement company that claims to help people “detox” from Covid vaccines. President-elect Donald Trump’s pick for FBI director, Kash Patel, promoted a supplement line this year that purports without evidence to help people “detox” from Covid vaccines. “Mrna detox, reverse the vaxx n get healthy,” he wrote in one post, tagging the company Warrior Essentials and linking to its website. Warrior Essentials says that its “detox protocol” “promotes the body’s own internal cellular regeneration process” and can remove toxins from cells, repair circulatory health and restore DNA stability. A single bottle of the “detox” supplement containing 60 capsules (30 two-pill servings) is listed for $75 on the Warrior Essentials website.

Persons: Kash Patel, Donald Trump’s, Patel, ”, Christopher Miller, Trump, ’, Michael White, Pieter Cohen, ” Cohen, Dave, Nancy Flynn, George Fareed, Fareed, White, Robert F, Kennedy Jr, Dave Weldon, Janette Nesheiwat, Martin Makary, Kennedy Organizations: Trump Media & Technology, —, Pfizer, Moderna, Trump, Securities and Exchange Commission, FBI, NBC News, University of Connecticut, Food and Drug Administration, Harvard Medical School, Care Alliance, for Disease Control, FDA Locations: America

☆ Demi Lovato, Kelly Rowland, Olivia Wilde and more help Christmas come early for children in South Los Angeles
▼ + stars: | 2024-12-04 | by ( Sandra Gonzalez | ) edition.cnn.com time to read: +5 min

“Baby2Baby will put you to work and that’s the best part,” said Rowland, who began collaborating with the nonprofit when she was pregnant with her first son. You’re going to talk to me, and I’m going to listen to every single thing you have to say,’” Rowland remembered thinking. “I just let them guide me because this is their moment.”Kelly Rowland has volunteered with Baby2Baby for ten years. Michael Kovac/Getty ImagesIn another corner of the toy shop, Olivia Wilde has filled her shoppers’ bags with everything from NASA Legos to friendship bracelet-making kits. “I think we’ve been very lucky with the group that we have assembled, and they couldn’t be more supportive.

Persons: Demi Lovato, Kendrick Lamar, Whitney Alford, Kelly Rowland, “, ”, Rowland, ” Rowland, ’ ” Rowland, ” She’s, ” Kelly Rowland, Michael Kovac, Olivia Wilde, NASA Legos, ‘, Daisy, Norah Weinstein, Kelly Sawyer Patricof, Hurricanes Milton, Helene, ” Weinstein Organizations: Los Angeles CNN —, BMO, NASA, Hurricanes Locations: Los Angeles, South Los Angeles

☆ Coca-Cola is dramatically scaling back its plastic promises
▼ + stars: | 2024-12-04 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Coca-Cola is scaling back its packaging sustainability goals, igniting outrage from environmental activists. The beverage company, which has long been criticized for being one of the world’s top producer of plastic pollutants, changed its “voluntary environmental goals” this week. In 2018, Coca-Cola announced that by 2030 it wanted to recycle the plastic equivalent of every bottle it put out into the world. Coca-Cola was named as the world’s top plastic polluter for the sixth-consecutive year in 2023 by the environmental organization Break Free from Plastic. Its waste count was 33,830, out of 537,719 pieces of plastic waste the non-profit audited across 40 countries, with Coca-Cola bottles being the most common item found discarded, often in public spaces such as parks and beaches.

Persons: learnings, ” Coke, That’s, ” Bea Perez, ”, won’t, ” Matt Littlejohn, Oceana’s, Coke Organizations: New, New York CNN, Cola, Minderoo Foundation, Coca ‑ Cola Company, Oceana, Coca Locations: New York, greenwashing

☆ Generation Credit Card: Gen Z Racks up High Levels of Credit Card Debt
▼ + stars: | 2024-12-04 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +11 min

Danikowski and many other Gen Zers are rapidly building up credit-card debt. Alev told me Credit Karma data shows Gen Zers are acquiring debt at a faster rate than any other age group. While Gen Zers' overall debt levels are still lower than older generations', young consumers' early reliance on credit cards puts their financial futures at risk. Part of Gen Zers' interest in credit cards is simply the march of technological progress. Struggling to get by, William primarily used his credit card for necessities like groceries, bills, and car maintenance.

Persons: Timothy Danikowski, Danikowski, millennials, Zers, Alev, Courtney Alev, Gen Zers, they've, Karma, Gen Xers, Nico, He's, Emmaline, William, Erin Snodgrass Organizations: Credit, Young, American Express, Federal Reserve Bank of New, Business Locations: Seattle, millennials, Chicago, North Carolina, Colorado, Federal Reserve Bank of New York, Europe, New York

☆ Intel ruled tech. Now it’s in deep trouble
▼ + stars: | 2024-12-04 | by ( Clare Duffy | ) edition.cnn.com time to read: +10 min

At the time, Intel was the world’s largest producer of computer chips, and its technology was housed inside nearly every PC. That means nearly two decades after Grove outlined his vision, Intel is a shell of its former self. And now, investors and company watchers are seriously questioning whether Intel can ever regain its industry-leading position, despite its importance to American chipmaking. And because ARM was ready with the technology, it quickly leapfrogged Intel as the mobile chipmaking leader. Intel CEO Pat Gelsinger delivers a speech at the COMPUTEX forum in Taipei, Taiwan on June 4.

Persons: Andy Grove, Grove, Pat Gelsinger, Gelsinger, ”, Angelo Zino, Shannon Stapleton, Gordon Moore, Intel “, Vivek Arya, “, Edward Jones, Logan Purk, Gelsinger “, ” Zino, Ann Wang, Nvidia —, didn’t, Jensen Huang, it’s “, Huang, Biden, ” Forrester, Alvin Nguyen, Saul Loeb, David Zinsner, Johnston Holthaus, Nguyen, Intel’s, Trump, ” Purk, Zino, ” Frank Yeary Organizations: New, New York CNN, Intel, Dow Jones, Nvidia, CFRA Research, ARM, Apple, Reuters, AMD, ” Bank of America Securities, CNN, Getty, Qualcomm, Foundry Locations: New York, American, Taipei, Taiwan, Ohio, China

☆ Dollar Tree may stop selling some products because of Trump’s tariffs
▼ + stars: | 2024-12-04 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

Dollar Tree may also raise prices from their current level of $1.25. Dollar Tree, which also owns Family Dollar, did not say which products it may axe or hike prices on. Dollar Tree said it will negotiate with vendors and shift where it gets its items from to alternate countries if tariffs take effect, a similar response to how it handled Trump’s tariffs during his first administration. In 2021, Dollar Tree raised base prices to $1.25 after 30 years of selling items for just a dollar. Tariffs may be another hit to Dollar Tree, adding to its struggles.

Persons: Donald Trump’s, Michael Creedon, Creedon, Michael Lasser Organizations: New, New York CNN, Trump, Companies, KeyBanc, Walmart, UBS Locations: New York, Mexico, Canada, China

☆ Marc Benioff ruptured his achilles tendon. He doesn't give a 'Fakarava' as Agentforce hope sends Salesforce stock to record.
▼ + stars: | 2024-12-04 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +4 min

On Tuesday, Salesforce CEO Marc Benioff described a painful injury he sustained recently while visiting Fakarava, a remote atoll in the Pacific Ocean. More importantly, Benioff shared some early signs of positive traction for Salesforce's latest AI product, called Agentforce, which helps customers design AI agents. AdvertisementThe CEO said Salesforce "delivered" 200 deals for this new generative AI offering after it became generally available in the last week of the quarter. AdvertisementBenioff touted what he called Salesforce's "unfair advantage" over other generative AI tools because Agentforce is grounded on customer data, such as purchases and returns. Advertisement"Despite Salesforce making AI its defining narrative, the true turning point hinges on Agentforce execution and adoption," Miner wrote.

Persons: Benioff, Marc Benioff, Fakarava, I've, Salesforce, Bret Taylor, It's, Agentforce, Copilot, OpenAI's, Charlie Miner, Miner Organizations: Microsoft Locations: Fakarava, Polynesia

☆ Amazon rolls out Buy with AWS button to let software vendors more easily sell to its cloud customers
▼ + stars: | 2024-12-04 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

In 2022, Amazon introduced the Buy with Prime button, allowing premium subscribers to make purchases using their Amazon account even when shopping on other websites. At its Reinvent conference in Las Vegas on Wednesday, Amazon Web Services said a new Buy with AWS button will be available for cloud software partners to embed on their sites as a way for customers to pay. Prominent cloud software vendors like Databricks, Wiz and Workday run their products on top of AWS, as well as other clouds, and will now be able to sell services directly to users with AWS accounts via the new button. Buy with AWS has one key difference in that it's free for software companies to embed. Because the services are running on top of AWS, the purchases result in more revenue for Amazon.

Persons: Matt Yanchyshyn Organizations: Amazon, Web Services, Microsoft, Google, CNBC, U.S, Amazon Music, Retailers, AWS Locations: Las Vegas

☆ An Apple employee is suing, saying the company monitors personal devices and stops staff from talking about pay
▼ + stars: | 2024-12-04 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementA lawsuit says Apple invades the privacy of employees by monitoring personal devices. The suit was filed by an Apple worker who says it barred him from publicly discussing his work. A lawsuit says Apple illegally limits the freedom of employees by monitoring personal devices and iCloud accounts and prohibiting them from talking about their pay and working conditions. AdvertisementOutten & Golden is also representing two women suing Apple in a suit saying the company paid more than 12,000 female workers in California less than male colleagues with similar roles. "Apple's broad speech suppression policies create a danger of discrimination going unchallenged far too long, which harms all Apple employees and Californians in general," he added.

Persons: Amar Bhakta, Bhakta, whistleblowing, Baker, Schwartz, Jahan, we're Organizations: Apple, California Superior Court, Private, Outten, Dolinko, Business Locations: California, Santa Clara

☆ Robinhood considering move into sports betting, CEO Vlad Tenev says
▼ + stars: | 2024-12-04 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Robinhood CEO Vlad Tenev said Wednesday that brokerage firm is considering expanding into sports betting in some way. Nothing to announce just yet, but it's so important to our customers and in culture that we're excited about it," Tenev said at Robinhood's inaugural investor day event. Tenev indicated that a move into sports could take the form of event contracts, like the ones the firm launched right before the presidential election. Shares of Penn Entertainment , Flutter and Draft Kings all moved lower shortly after Tenev made the comments, but the changes were modest. Shares of Flutter were down less than 2% on the session, while Penn and Draft Kings are still positive for the day.

Persons: Vlad Tenev, Tenev Organizations: Penn Entertainment Locations: Penn

☆ JetBlue cuts more unprofitable routes, tweaks Europe flights
▼ + stars: | 2024-12-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

JetBlue said it will cut flights from Fort Lauderdale, Florida, to Jacksonville, Florida; from New York's John F. Kennedy International Airport to Austin, Texas; Houston, Texas; Miami; and Milwaukee, Wisconsin; and from Westchester, N.Y. and Milwaukee. JetBlue Airways told staff Wednesday that it is axing more unprofitable flights, redeploying aircraft outfitted with its high-value business class and tweaking Europe service, the carrier's latest moves to return to consistent profitability and cut costs. JetBlue will announce some new Europe service next week, the memo said. CEO Joanna Geraghty and her team are focusing on reducing costs and culling unprofitable routes, such as those on the West Coast, as they grapple with a Pratt & Whitney engine grounding and post-pandemic shifts in demand. JetBlue said customers who are affected by the changes can select alternate flight options or receive a refund if other routes aren't available.

Persons: John F, Dave Jehn, Joanna Geraghty Organizations: JetBlue Airbus A321neo, AMS EHAM, JetBlue, Kennedy International Airport, Seattle, JetBlue Airways, CNBC, Gatwick Airport, Pratt & Whitney, Mint Locations: Amsterdam, Netherlands, JFK, Miami, Fort Lauderdale , Florida, Jacksonville , Florida, New, Austin , Texas, Houston , Texas, Milwaukee , Wisconsin, Westchester, N.Y, Milwaukee, San Jose , California, Florida, Delta, Boston, Europe, Paris, New York, West Coast

☆ Is Amazon's Trainium chip the 'dupe' that could finally disrupt Nvidia's AI dominance?
▼ + stars: | 2024-12-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's newsletter, Amazon's touting new hardware it hopes can help it unseat Nvidia as the king of AI chips. The big storyAmazon's affordable AIBusiness Wire/BI'Dupes' are all the rage these days, so why not make one for AI chips? AdvertisementThat's basically Amazon Web Services' idea for breaking Nvidia's stranglehold on the AI market. The tech giant's homegrown chip is its answer to Nvidia's all-powerful GPUs, which are widely used for training AI models. AdvertisementAWS CEO Matt Garman detailed how customers can get the most out of their AI chips with 'UltraServers' — multiple Trainium servers smartly pieced together — and the 'UltraCluster' — what you get when you combine multiple 'UltraServers.'

Persons: Matt Garman, Andrej Sokolow, Carter Smith, Alyssa Powell, BI's Eugene Kim, CUDA, Donald Trump's, BofA, —, Ned Davis, Jon Chu, Lori Berenberg, Deedy Das, Pat Gelsinger, Jenny Chang, Rodriguez, Gen, it's, It's, Michel Barnier's, Dan DeFrancesco, Grace Lett, Ella Hopkins, Spriha Srivastava, Amanda Yen, Lisa Ryan, Milan Sehmbi Organizations: Business, Nvidia, Services, Getty, Bank of America, Ned Davis Research, Deedy Das Khosla Ventures, Bloomberg Beta, Menlo Ventures, Intel, French Locations: New York, Chicago, London

☆ Iran passes controversial ‘chastity’ law imposing even harsher dress restrictions. The president doesn’t like it
▼ + stars: | 2024-12-04 | by ( Cnn Staff | ) edition.cnn.com time to read: +6 min

CNN —Iran’s parliament has enacted a harsh new modesty law, significantly tightening existing dress restrictions that have already fueled nationwide protests and posed a serious challenge to regime stability. “In my opinion the hijab law, which I have to implement, is vague. It defines improper dress in various ways, ranging from nudity and dressing immodestly to wearing the hijab incorrectly. The law also introduces a system of fines and restrictions with financial penalties, even for initial offenses. While the harsher penalties have caused concern for Iranians, a particularly controversial aspect of the legislation is expanded surveillance.

Persons: CNN —, Masoud Pezeshkian, “, ”, Sina Toossi, Ebrahim Raisi, Negar Mortazavi, Pezeshkian, Mortazavi Organizations: CNN, Guardian Council, International, United Nations, Guardian, Supreme National Security Council Locations: Washington, DC, Iran

☆ Glossier's new CEO said listening to customers on these 3 things helped her overhaul the beauty company
▼ + stars: | 2024-12-04 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

AdvertisementKyle Leahy, the CEO of Glossier, took over the beauty company amid weak sales and layoffs. Leahy told Inc. Magazine listening to customers on three key issues helped her turn the brand around. The transition came as the billion-dollar beauty brand's sales were plunging, forcing staff cuts. Leahy explained why listening to the brand's customers on three key issues has been key to her success. In the last three years, the brand's sales have increased by 80%, the chief executive said, and brought the company back from what Redditors once described as its "flop era."

Persons: Kyle Leahy, Leahy, Emily Weiss, Weiss, Glossier, it's, —, Redditors Organizations: Glossier, Inc, Magazine, Brands, National Retail Federation, Business Locations: North America

☆ Amazon sued by DC attorney general for allegedly excluding neighborhoods from Prime delivery
▼ + stars: | 2024-12-04 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +5 min

Washington, D.C.'s attorney general sued Amazon on Wednesday, accusing the company of covertly depriving residents in certain ZIP codes in the nation's capital from access to Prime's high-speed delivery. "In the zip codes in question, there have been specific and targeted acts against drivers delivering Amazon packages. Data from the AG shows that before Amazon instituted the change, more than 72% of Prime packages in the two ZIP codes were delivered within two days of checkout. The ZIP codes in Schwalb's complaint are in areas with large Black populations, according to 2022 Census data based on its American Community Survey. According to Scwalb's complaint, Amazon never communicated the delivery exclusion to Prime members in the area.

Persons: Brian Schwalb, Schwalb, Steve Kelly, Kelly Organizations: Amazon, Amazon's, U.S . Postal Service, AG, Bloomberg, American, Survey, Federal Trade Commission, UPS, FedEx Locations: Atlanta, Chicago, Dallas, Washington

☆ Chipmaker Marvell's strong quarter is good news for these 3 portfolio stocks
▼ + stars: | 2024-12-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Other positive readthroughs in our portfolio from Marvell's quarter include Eaton and Dover — a pair of industrials with exposure to data centers. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jim Cramer's, Agentforce, Salesforce, It's, Jim Organizations: CNBC, Nasdaq, Dow Jones, Club, Marvell Technology, Microsoft, Bristol Myers Squibb, Broadcom, Marvell, Google, General Motors Locations: Eaton, Dover

☆ Silicon and supercomputers will define the next AI era. AWS just made a big bet on both.
▼ + stars: | 2024-12-04 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AdvertisementAWS unveiled a new AI chip and a supercomputer at its Re: Invent conference on Tuesday. It's a sign that Amazon is ready to reduce its reliance on Nvidia for AI chips. Big Tech's next AI era will be all about controlling silicon and supercomputers of their own. Trainium3, which AWS gave a preview of ahead of a late 2025 release, has been billed as a "next-generation AI training chip." Servers loaded with Trainium3 chips offer four times greater performance than those packed with Trainium2 chips, AWS said.

Persons: It's, Tech's, Noah Berger, Matt Garman, OpenAI, Anthropic, Blackwell, Elon Musk, Garman, He'll Organizations: Google, Microsoft, Amazon Web Services, Nvidia, Amazon Web, AWS, Wall Street, Anthropic Locations: Amazon, Rainier, Memphis

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