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Ukraine's air defenses downed 10 Russian planes in 10 days in a recent kill streak. Ukrainian Air Force spokesman Yurii Ihnat said it highlighted Ukraine's ability to disrupt Russian airforce operations. The Su-34 is the Russian air force's best fighter bomber, Forbes reported, and cost $50 million each. AdvertisementOnce accustomed to flying with relative impunity, the warplanes are now constrained by the increased threat of Ukrainian air defenses. AdvertisementOn January 14 and February 23, Ukrainian forces also successfully targeted A-50 aircraft, critical early warning aircraft for long-range radar detection and targeting.
Persons: , Yurii Ihnat, Ihnat, Forbes, Su, Moscow's Organizations: Kyiv Post, Service, RBC, Ukrainian Air Force, Russian, Ukrainian, Russian Air Force, Getty, Crimean Locations: Russian, Azov, Kyiv, Ukraine, Avdiivka, Bakhmut, MAKS, Zhukovsky, Moscow Region, Russia, Ukrainian, Norwegian
BARCELONA — A top executive at Salesforce says she is "optimistic" that U.S. Congress will make new laws to regulate artificial intelligence soon. She noted that the need to consider guardrails has become a "bipartisan" issue for U.S. lawmakers and highlighted efforts among individual states to devise their own AI laws. "It's very important to ensure U.S. lawmakers can agree on AI laws and work to pass them soon," Goldman told CNBC. And I think it's very important that we have a set of guardrails around the technology," Goldman added. Goldman sits on the U.S. National AI Advisory Committee, which advises the Biden administration on topics related to AI.
Persons: Paula Goldman, guardrails, Goldman, We've, we're, that's, Biden Organizations: U.S . Congress, BARCELONA, CNBC, Mobile, Congress, Senate, U.S, National AI Advisory Locations: Barcelona, Spain, United States, EU
Military training instructors are responsible for training new recruits at the United States Air Force's 7 ½-week basic military training. But before they're certified to train new recruits in boot camp, they must graduate from the eight-week military training instructor school. Business Insider spent four days with future MTIs as they relearned military basics, trained their command voice, and met the physical qualifications to don the iconic campaign cover and prepare the next generation of airmen.
Organizations: United States Air, Business
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyAI (literally) in your pocketTech workers are criticizing Humane's hotly anticipated Ai pin. AdvertisementIn fact, heavy hitters like legendary investor Vinod Khosla believe that AI devices will completely change how we interact with technology. Humane's Ai Pin, which can project text onto users' hands and translate voice messages, didn't get a warm welcome when it launched late last year .
Persons: , Oompa, I've, Willy Wonka, Elon Musk, Sam Altman, Humane's, Vinod Khosla, Samantha Stokes, Vishal Persaud, Khosla, Ai, didn't, Tim Cook, Salesforce's Marc Benioff, OpenAI's Sam Altman, Franck Robichon, Paul Krugman, shouldn't, we're, Wells, Bank of America's Merrill, Bitcoin, Tyler Le, maven, Alexei Navalny's, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Humane, Khosla Ventures, Rabbit, Bank of America's, Wall, The New York Times, WW, SEC Locations: Franck, Wells Fargo, New York, London
However, the company also said it sees single-digit revenue growth for fiscal 2025. UBS reiterated a neutral rating alongside its $310 per share price target on Salesforce, or more than 3% upside ahead. Product revenue growth of 33% year over year in the fourth-quarter was also below Wall Street estimates. Murphy noted there's a disconnect between what Barrick has accomplished in the past five years and its stock price. "We see asset disposals and cost improvements as likely to reverse share price weakness as the market recognizes the strength of the asset portfolio."
Persons: Morgan Stanley, Snowflake, Jefferies, TD Cowen downgrades Macy's TD Cowen, Oliver Chen, Macy's, — Brian Evans, Brad Sills, Brian Evans, AutoNation Morgan Stanley, AutoNation, Morgan Stanley's, Mike Manley, Adam Jonas, Salesforce, Amy Weaver, Goldman Sachs, Kash Rangan, Bank of America's Brad Sills, Morgan Stanley downgrades Snowflake, Snowflake's, Frank Slootman, Keith Weiss, Matthew Murphy, Murphy, Fred Imbert Organizations: CNBC, Barrick, Mining, Bank of America, of America, TAM, Bank of America's, UBS, StreetAccount, Jefferies, Barrick Gold, Newmont, Newcrest Locations: Africa, East
The company laid off 10% of its workforce, which had reached nearly 80,000 employees, last year. AdvertisementJust a year after Salesforce laid off nearly 10% of its workforce, the company's head count is beginning to creep back up. "We're investing into our most productive areas — AI and data," CFO Amy Weaver said this week on the company's fourth-quarter earnings call with investors. The company reported a non-GAAP operating margin of 30.5% for the fiscal year, above the 30% threshold that activist investors had pushed for. New hires, Weaver said, are being added to Salesforce in "cost-effective ways," such as hiring people from areas that have "high talent pools and low cost of living."
Persons: Salesforce, Marc Benioff, , Amy Weaver, Weaver, Benioff, Larry Ellison —, Ellen Thomas Organizations: Service, SEC, New, Business, Oracle Locations: New York, San Francisco, Salesforce
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPart of Snowflake's downfall is related to CEO Frank Slootman's retirement: Jefferies' Brent ThillBrent Thill, Jefferies tech analyst, joins 'Squawk on the Street' to discuss Snowflake's quarterly earnings results, what to make of the company's weak forecast and CEO change, Salesforce's earnings results, impact of AI, and more.
Persons: Frank Slootman's, Jefferies, Brent Thill Brent Thill Organizations: Jefferies
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. However, Jim Cramer said the market's reaction was unwarranted, forecasting more upside for Salesforce stock to come. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, it's, Salesforce, management's, Jim, TJ Maxx, Jim Cramer's Organizations: CNBC, TJX Companies, Management
Adjusted operating margin expanded to 31.4% in the quarter, missing estimates of 31.55%, according to FactSet. No, but it was an overall solid quarter for Salesforce, with the company beating on most key metrics. In its fiscal 2024, Salesforce repurchased $7.7 billion worth of stock, lowering its diluted share count by about 1 million to 983 million. For the first quarter, Salesforce guided for revenues between $9.12 and $9.17 billion, in line with estimates of $9.15 billion. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Salesforce, We're, it's, Wednesday's, Marc Benioff, we'd, Amy Weaver, Benioff, Einstein, Cash, Salesforce's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Revenue, LSEG, Club, CNBC Locations: Americas, Africa, Asia, Latin America, India, Canada, San Francisco , California
Salesforce shares slid as much as 6% in extended trading on Wednesday after the business software maker issued a light revenue forecast for the new fiscal year. Here's how the company did, compared with estimates from LSEG:Earnings per share: $2.29, adjusted, vs. $2.26 expected$2.29, adjusted, vs. $2.26 expected Revenue: $9.29 billion, vs. $9.22 billion expectedSalesforce's revenue grew 10.8% year over year in the quarter, which ended on Jan. 31, according to a statement. Salesforce called for adjusted fiscal first-quarter earnings of $2.37 to $2.39 per share, with $9.12 billion to $9.17 billion in revenue. Analysts polled by LSEG had been expecting $2.20 in adjusted earnings per share on $9.15 billion in revenue. For the new 2025 fiscal year, Salesforce said it sees adjusted earnings of $9.68 to $9.76 per share and $37.7 billion to $38.0 billion in revenue.
Persons: Marc Benioff, Salesforce, LSEG Organizations: Salesforce, Economic, Amazon Web Services Locations: Davos, Switzerland
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSalesforce's service cloud a space where we expect early AI adoption: Third Bridge's Charlie MinerHilary Frisch, ClearBridge senior research analyst and Charlie Miner, Third Bridge TMT sector analyst, joins 'Closing Bell Overtime' to talk Snowflake and Salesforce earnings.
Persons: Charlie Miner Hilary Frisch, ClearBridge, Charlie Miner
Salesforce CEO Marc Benioff told CNBC's Jim Cramer on Wednesday that his company's Einstein Copilot product is different from other artificial intelligence programs because of the way it uses customer data to make decisions. "We already have tremendous user interfaces at Salesforce," Benioff said. "Our Sales Cloud, our Service Cloud, our Marketing Cloud, even Tableau, even Slack, these are amazing ways to talk to that data. He elaborated, saying Salesforce is built "on a rich fabric of data and metadata," and it serves companies including Amazon , IHG and Schneider Electric . Salesforce reported earnings Wednesday, and while earnings surpassed Wall Street's expectations, revenue guidance came in weak.
Persons: Marc Benioff, CNBC's Jim Cramer, Einstein, Benioff, Slack Organizations: Amazon, Schneider
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop-line growth and AI will determine where Salesforce's stock goes from here, says George SeayGeorge Seay, Founder and Chairman at Annandale Capital, discusses his expectations for Salesforce's earnings report.
Persons: George Seay George Seay Organizations: Annandale Capital
Morgan Stanley reiterates Target at overweight Morgan Stanley stood by its overweight rating on the department store owner. Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it likes the setup heading into earnings later this week. Morgan Stanley upgrades HashiCorp to overweight from equal weight Morgan Stanley said the software company has a compelling valuation. Morgan Stanley upgrades AvalonBay to overweight from equal weight Morgan Stanley said apartment REIT stocks like AvalonBay are '"cheap for a reason." Morgan Stanley upgrades Sun Country to overweight from equal weight Morgan Stanley said it likes the airline's business model.
Persons: Goldman Sachs, Goldman, Morgan Stanley, Salesforce, Rosenblatt, Jefferies, Amer, Wells, Jane Fraser, Roth MKM, Roth, TD Cowen, TD, DA Davidson, OW, Fannie Mae, KBW, Freddie, Truist, it's, Piper Sandler, Piper, Bentley Organizations: Nvidia, BMO, Apollo, Amer Sports, Citi, Citigroup, Bank of America, KKR, APO, BJ's Wholesale, D.A, Susquehanna, Energy, HSBC downgrades Moderna, HSBC, Moderna, Google, YouTube, " Bank of America, Omega Healthcare, Sun, DuPont's Mobility, JPMorgan, Navy, Bentley Systems Locations: USD75, Asana, ASAN
CNBC's Jim Cramer believes Salesforce will benefit from artificial intelligence-fueled momentum when the enterprise software giant reports earnings after the closing bell on Wednesday. Salesforce is "a big user of AI," Cramer said Monday. The company leverages generative AI by analyzing customer data to make predictions about their future behavior. Salesforce, which nearly doubled in 2023, has added another 14% so far this year. The company is one of 32 holdings in Cramer's Charitable Trust , the portfolio used by the CNBC Investing Club.
Persons: CNBC's Jim Cramer, Salesforce, Cramer, Einstein, Stifel Organizations: Nvidia, UBS, Trust, CNBC, Club Locations: Salesforce
Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.
Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman
The US Army would play a pivotal role should conflict arise in the Pacific, a top general told Business Insider. While maritime and air power are vital, the US Army and its allies "bind the region together." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "It is a Joint theater, with joint challenges, that require both Joint and multinational solutions!" USARPAC is the Army's largest theater army and covers the Army's largest region of operation, making its involvement in the area critical should war unfold.
Persons: , Charles Flynn, USARPAC, Flynn, Molly Treece, China's, Keon Horton Organizations: US Army, Business, Service, US Army Pacific, Pentagon, East China, Paratroopers, 2nd Infantry Brigade Combat Team, 11th Airborne Division, Boeing, Donnelly Training, Delta Junction, U.S, Army, Pacific Command, 3rd Battalion, 509th Parachute Infantry Regiment, Pacific Multinational Readiness Locations: Pacific, China, Wainwright, Fairbanks , Alaska, Taiwan, South, East, Delta, AK, Alaska, Hawaii
Sectors leading: Consumer staples were outperforming, led by Dow stock Walmart 's 3.5% gain. Jim Cramer said, "Walmart has tried to keep prices down, but Costco is lowering across the board. 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, Jim, Jensen Huang, Eaton, Bausch, Jim Cramer's Organizations: CNBC, Dow, Walmart, Costco, Semiconductor, Computer, Nvidia, Caterpillar, Palo Alto Networks, Realty, Bausch Health Companies, Jim Cramer's Charitable Locations: We're, homebuilding, BLCO
The Ukrainian airforce says it shot down three Russian fighter jets in one morning. The Commander of the of the Air Forces said two Su-34 and one Su-35 fighter jets were downed. AdvertisementUkraine says it shot down three Russian fighter jets in a single morning. On the morning of February 17th, Ukrainian Air Force pilots bravely engaged and destroyed three enemy aircrafts at once-two SU-34 fighter bombers and one SU-35 fighter. It is unclear how Ukrainian forces downed the three Russian fighter jets this morning.
Persons: Su, , Mykola Oleshchuk, Forbes, Sinéad Baker Organizations: Ukrainian, Air Forces, Ukraine, Service, Air Forces of, Armed Forces of, Armed Forces, Ukrainian Air Force, Patriot, U.S . Army Security, Raytheon Locations: Ukraine, Armed Forces of Ukraine, Russian, United States, Russia
In the fourth quarter, specifically, shares of Alphabet rose 6.75%. Third Point owned Alphabet for less than a year , while Druckenmiller traded in and out of the stock in recent quarters. Some Wall Street veterans merely pared back their exposure to Alphabet in the quarter, including David Tepper's Appaloosa Management . Baupost Group — the hedge fund run by value investor Seth Klarman — sold about 23% of its Alphabet stock over the same stretch. Berkshire parted ways with about 10 million shares of the iPhone maker, leaving the conglomerate with more than 905 million shares, worth $174.35 billion, at the end of the quarter.
Persons: Dan Loeb's, Stanley Druckenmiller, Druckenmiller, David Tepper, David Tepper's, Seth Klarman —, Jim Cramer, Michael Bury, Bill Ackman's, Tepper, Druckenmiller —, , Eli Lilly, Lilly, Danaher, Warren Buffett's Berkshire Hathaway, Buffett, Jeff Smith's, Marc Benioff, shouldn't, Jim, Jim Cramer's, Justin Sullivan Organizations: Club, Securities and Exchange Commission, SEC, Microsoft, Apple, Nvidia, Palo Alto Networks, Wall, Management, Bill Ackman's Pershing, Capital Management, Duquesne Family, Trust, CNBC, Warren, Berkshire, BNSF Railway, Geico, Inclusive, Jim Cramer's Charitable Locations: Palo, 13Fs, Jim's, Mountain View , California
Space startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space. Varda's small W-Series 1 capsule, or W-1, has been stuck in orbit since it launched eight months ago. The FAA's approval means Varda will try to land the W-1 mission on Feb. 21. The W-1 mission is a demonstration of the company's automated in-space manufacturing process. The company previously said it expects to return a few kilograms of manufactured material on the W-1 mission.
Persons: Varda Organizations: Federal Aviation Administration, Air Force's Utah, FAA Locations: Utah, United States
The 355th Wing at Davis-Monthan Air Force Base has started retiring its A-10s. The base was the first to receive the A-10 Thunderbolt II aircraft nearly 50 years ago. AdvertisementThe first US Air Force wing to receive operational A-10 attack aircraft nearly 50 years ago has officially begun retiring its fleet and sending them to the Boneyard. AdvertisementThe Air Force has been moving toward retiring the plane since 2015 to free up funds for other projects, preferably platforms that, in the words of Air Force Secretary Frank Kendall, "scare China." Coleen Berryhill, 74th Fighter Squadron A-10C Thunderbolt II pilot, flies near a formation of B1-B Lancer and A-10 Thunderbolt II above the Philippine Sea, Nov. 9, 2022.
Persons: , BRENDAN SMIALOWSKI, Davis, Scott Mills, Clarence McRae ,, Tristan Truesdell, Razvan Radoescu, Frank Kendall, Coleen Berryhill, Mills Organizations: Davis, Monthan Air Force Base, Thunderbolt, Service, US Air Force, Air Force, 355th Wing, 354th Fighter Squadron, 309th Aerospace, Regeneration, Monthan, Fairchild, Aerospace, Getty, . Air Force, 25th Fighter Squadron, Osan Air Base, Staff, 355th Operations Group, Force, Nevada, 74th Fighter Squadron, Army Locations: Arizona, Tucson , Arizona, AFP, South Korea, China, Philippine
Ukrainian pilots training on US F-16s are "very impressed" with the fighter jets, a report said. The Ukrainian service of the Voice of America report cites a Ukrainian Air Force pilot. AdvertisementUkrainian pilots are "very impressed" with US F-16 fighter jets, the Ukrainian service of the Voice of America reported. It will still be several months before they see action against Russian forces, a Ukrainian Air Force spokesman said. AdvertisementDespite this, it noted that "the effort spent training Ukrainian pilots, ground crews, and logisticians to operate and maintain these aircraft will have long-term value."
Persons: , Pat Ryder, Grant Shapps, we're, Rustem Umerov, Volodymyr Zelenskyy, Mads Claus Rasmussen, Ritzau Scanpix Organizations: Ukrainian Air Force, US Air Force, Service, Air Force, Pentagon Press, Britain's Royal Air Force, UK Defence, Armed Forces, Ukraine's Defense, Russia, Russian, Getty, The Telegraph, US Air, AIM, Atlantic Council Locations: Europe, Denmark, Ukraine, AFP, Netherlands, Norway
Read previewIt's a long way to go from Texas to the airspace above Iraq and back to base, but it's a mission the B-1B Lancer can handle. AdvertisementA B-1B Lancer from Ellsworth Air Force Base, South Dakota, taxis down the runway before takeoff at Dyess Air Force Base, Texas, Feb. 1, 2024. US Air Force photo by Senior Airman Leon RedfernThe bombers took off from Dyess and flew nonstop to the Middle East. B-1B Lancers from Dyess and Ellsworth Air Force Base, South Dakota, sit on the flightline at Dyess Air Force Base, Texas, Feb. 1, 2024. An Airman from the 7th Munitions Conventional Maintenance shop prepares Joint Direct Attack Munitions at Dyess Air Force Base, Texas, Jan. 31, 2024.
Persons: , 1Bs, I'm, Mark Gunzinger, Leon Redfern, Douglas Sims, There's, Gunzinger, it'll Organizations: Service, US Central Command, Business, Ellsworth Air Force Base, Dyess Air Force Base, US Air Force, Senior, Joint Staff, Pentagon, Armaments, Attack Munitions, Joint, Mitchell Institute for Aerospace Studies, 7th Munitions, Munitions, Leon Redfern Targets, Texas Locations: Texas, Iraq, South Dakota, Dyess, Iran, Syria, Jordan, Gen, East, United States
By Maya Gebeily(Reuters) - A force that has been the backbone of the U.S.-led campaign against Islamic State said additional air defences should be deployed in northeast Syria after six of its fighters were killed in a drone attack it blamed on pro-Iran factions. Mazloum Abdi, commander of the U.S.-backed Syrian Democratic Forces, said his force considered it "a dangerous development when our camps are targeted in drone attacks by factions backed by Iran." On Feb. 4, the SDF said an explosive drone attack by Iran-backed armed groups in eastern Syria killed six of their fighters. Asked whether he had requested additional military backing to fend off such attacks, Abdi said his Kurdish-led force would "require technical capabilities and an increase in the aerial defensive systems" deployed in northeast Syria. It holds a quarter of Syria, including oil fields and areas where some 900 U.S. troops are deployed.
Persons: Maya Gebeily, Mazloum Abdi, Jan, Abdi, That's, Bashar al, Assad, Phil Stewart, William Maclean Organizations: Islamic State, Syrian Democratic Forces, U.S, Hamas, SDF, Reuters, Pentagon, State Department, White, Islamic Locations: U.S, Syria, Iran, State, Israel, Palestinian, Gaza, Jordan, Kurdish, Washington, Islamic State, Turkey
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