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Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. We have our buy-equivalent 1 rating on TJX stock. 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, BURL, ROST, TJX, Estee Lauder, Fabrizio Freda, Jim, we'll, I'm, Cramer, Jim Cramer's Organizations: CNBC, Bank of America, Ross Stores, TJX, Marshalls, Nvidia, Club, Broadcom, Marvell, Pepsi, PepsiCo, L'Oreal, Dow, Cisco Systems, Materials, Molson Coors, MGM Resorts, Cisco, Reuters, Jim Cramer's Charitable Locations: We're, Burlington, Maxx
Cramer's Lighting Round: Allstate is a buy
  + stars: | 2024-02-09 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Hawkins' year-to-date stock performance. Stock Chart Icon Stock chart icon PayPal's year-to-date stock performance. Stock Chart Icon Stock chart icon Kimberly-Clark's year-to-date stock performance. Stock Chart Icon Stock chart icon CVS's year-to-date stock performance. Stock Chart Icon Stock chart icon Lennar's year-to-date stock performance.
Persons: Hawkins, Kimberly, Clark, it's, It's, Lennar Organizations: PayPal
Opinion | America Between Jesus and Faust
  + stars: | 2024-02-09 | by ( Ross Douthat | ) www.nytimes.com   time to read: +2 min
One objection to this vision focuses on my chosen location for this imagined near-future neo-America, given the possibility that climate change will render Texas or Arizona unfit for human habitation. It’s a real concern, and depending on your expectations for rising temperatures and water shortages you might bet on a Great Lakes renaissance instead. But you also shouldn’t necessarily bet against the adaptability of human beings who seem, to my own New England confusion, to really like to live in scorching heat. The deeper objection is a spiritual one, offered by Rod Dreher, who reliably outstrips me in pessimism and comes through again here. “Yes,” he responds, “it is better to live in a country and in a culture that is doing better, materially and otherwise, than all others.
Persons: Rod Dreher, , it’s, Lewis, Dreher, Organizations: New, Arizona Locations: New America, Texas, Arizona, England, America, East Asia
In Las Vegas, the cacophony of voices, music, ringing slot machines and car horns that typically pulsed through the Las Vegas Strip was replaced by silence, the chirps of birds and the wails of sirens. In tourism-dependent Nevada, the unemployment rate rocketed even higher, topping out at 30.6% that month. “This is an unemployment rate that’s not driven by job losers, this is an unemployment rate driven by job seekers,” he said. Homes under construction in the Summerlin community, on July 31, 2023, in Las Vegas, Nevada. As of December 2023, the Reno metro area’s unemployment rate was just 0.2 percentage points above the nation’s 3.7% rate.
Persons: John Simpson, Steve, Sisolak, ” Simpson, It’s, , they’re, I’ve, Stephen M, Miller, Mario Tama, Bob Potts, there’s, There’s, Nevadans, Annie E, Casey Foundation’s, Jamelle Nance, Marty Elquist, ” Elquist, , Andrew Woods, Nicholas Irwin, Start’s Simpson, Irwin, Ethan Miller, Maurice Page, Page, Tesla, ” Potts, Carolyn Cole, Potts, You’ve, you’ve Organizations: CNN, Las, Republican Party, of Labor Statistics, University of Nevada, Lee Business School’s Center for Business, Economic Research, New York, Nevada Governor’s, Economic, Las Vegas, New, Workforce, Children’s, Alliance of Nevada, Education, Development, Silver State, Center for Business, UNLV, Reno, , Homes, Nevada Housing Coalition, Harvard University’s, for Housing Studies, Silver, Means, Reno Industrial Park, Apple, Panasonic, Google, Reno Industrial, Los Angeles Times, NCAA, NFL, NFL Pro Bowl Locations: Nevada, Las Vegas, Reno, ” Nevada, State, New York, New, Las, New Mexico, Vegas, “ Nevada, Silver, UNLV . Nevada, California, Sparks, Las Vegas , Nevada, Florida, Hawaii, Clark County, Sparks , Nevada, New Orleans, Denver, Southern Nevada, Northern Nevada, Los Angeles
Cramer's Lightning Round: 'Hold off' on Kroger
  + stars: | 2024-02-05 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon AST SpaceMobile's year-to-date stock performance. Stock Chart Icon Stock chart icon GSK's year-to-date stock performnace. Stock Chart Icon Stock chart icon Kroger's year-to-date stock performance. Stock Chart Icon Stock chart icon Parker-Hannifin's year-to-date stock performance. Stock Chart Icon Stock chart icon BigCommerce's year-to-date stock performance.
Persons: It's, Parker Organizations: Icahn Enterprises, GSK, Kroger
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I'm a believer in GSK, it could go higher, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Powell Industries, Icahn Enterprises, Mission Produce, AST SpaceMobile, GSK, Kroger and more.
Persons: Jim Cramer Organizations: GSK, Powell Industries, Icahn Enterprises, Mission, Kroger
Asked a double-edged question: "What can you do to make my Apple stock go up." On Friday, we had so many storylines going it is hard to get your head around Apple's Vision Pro launch and its import. Most of all, however, the customer satisfaction level allows him to experiment with something really radical: the Vision Pro. No one is buzzing about how Apple can't meet demand for the Vision Pro. People walk in an Apple store on the day the Vision Pro headset goes on sale in Los Angeles, Feb. 2, 2024.
Persons: Apple's, Mark Zuckerberg, Zuckerberg, Matt Horween, Tim Cook, Cook, AirPods, Goldman Sachs, Apple, Ray, that's, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Costco, Apple, Meta, Apple's Vision, Web Services, Reality Labs, Dow Jones Transportation, Federal Reserve, Huawei, Vision, Major League Soccer, CNBC Locations: China, Republic of China, Los Angeles
Biden's support among Black voters has waned considerably since he assembled his winning coalition four years ago. Lackluster turnout among Black voters in South Carolina’s primary could signal a broader dip in enthusiasm. Biden will need to energize Black voters in the key swing states of Georgia, Michigan, Wisconsin and Pennsylvania. South Carolina school districts reported over 1,600 teacher vacancies at the beginning of the 2023-24 school year, a 9% increase from the year before, according to a report from the South Carolina Education Association. Joshua Singleton, a 19-year-old sophomore at South Carolina State, shared the sentiment: “We should have, you know, younger presidents to represent us."
Persons: Democrats ’, Joe Biden, What’s, Biden, That’s, Donald Trump, Kamala Harris, Moore, , Olivia Ratliff, , Ratliff, Kailyn Wrighten, Wrighten, , we’ve, Sheridan Johnson, Johnson, Laverne Brown, there’s, — Biden, Charles Trower, Joshua Singleton, Seth Whipper, ” Biden, Harris, Tony Thomas, Saundra, Austin Nichols, ” Nichols, ” LaJoia Broughton, Broughton, don’t, Dr, Byron L, Benton, Joseph Biden, Emily Swanson, Jonathan Logan Organizations: , Democrats, Democratic, Black, AP, Associated Press, NORC, for Public Affairs Research, Republican, South Carolina State University, Supreme, South Carolina Education Association, Biden, South Carolina State, Trump, America, Moriah Missionary Baptist Church, Mother Emanuel AME Church, Jonathan Logan Family Foundation Locations: CHARLESTON, S.C, South Carolina, South, Georgia , Michigan, Wisconsin, Pennsylvania, Columbia, Orangeburg, Charleston, Carolina, American, U.S, Blythewood , South Carolina, , Blythewood, North Charleston
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAltimeter Capital CEO on Amazon: They have a dominant retail business that will benefit from AIBrad Gerstner, Founder and CEO of Altimeter Capital, joins CNBC's 'Halftime Report' to discuss Amazon and why he's a "big believer" in the name.
Persons: Brad Gerstner
These days, however, conspiracy theories and those who believe them seem to be playing an outsize role in politics and culture. On the left, Robert F. Kennedy Jr. has exploited conspiracy theories about vaccines to wage his own campaign for the presidency this year. The Associated Press has examined the history of conspiracy theories in the United States. “I was suicidal before I got into conspiracy theories,” said Antonio Perez, a Hawaii man who became obsessed with Sept. 11 conspiracy theories and QAnon until he decided that they were interfering with his life. Russia, China, Iran and other U.S. adversaries have worked to amplify conspiracy theories as a way to destabilize democracy further.
Persons: Robert F, Kennedy Jr, , John Llewellyn, Melissa Sell, Antonio Perez, , I’ve, they've, , Nash, peddlers, Trump, Timothy Caulfield Organizations: Associated Press, Illuminati, Wake Forest University, AP, Sandy, Elementary, Capitol, Business, U.S, University of Alberta Locations: United States, Pennsylvania, Connecticut, Hawaii, U.S, Russia, China, Iran
Since it came out on Jan. 12, the $36 million film has tallied $83 million globally, according to data from Comscore. Low-budget films are typically those that cost under $20 million — films from the horror genre often fall in this category, as well as some independent features. The annual box office those years reached $11.9 billion and $11.4 billion, respectively. Domestic wide releases by year 2017 — 107 wide releases2018 — 112 wide releases2019 — 112 wide releases2020 — 32 wide releases2021 — 67 wide releases2022 — 71 wide releases2023 — 95 wide releases * Wide releases are any films that debut in more than 2,000 locations. Source: ComscoreIn 2023, 95 films had wide releases, 15% fewer titles than pre-pandemic times, and the box office barely surpassed $9 billion.
Persons: Bebe Wood, Renee Rapp, Avantika, Eric Handler, Roth, Paul Dergarabedian, Demeter, Organizations: Plastics, Paramount Paramount, Paramount, Wall Street, Street, Netflix, Disney, Universal, Warner Bros Locations: Comscore
Read previewThere's a lot of hype around the new Apple Vision Pro ahead of its launch in the US this Friday. AdvertisementIt's great for entertainment like watching movies …Reviewers seemed to have a positive experience watching movies on the Vision Pro. Spoonauer felt he "could see myself taking the Vision Pro on business trips and using it back at the hotel." "Other headsets have eye tracking and hand tracking, but none have the combination working as smoothly, subtly and intuitively as the Vision Pro," he wrote. Patel called the Vision Pro "a VR headset masquerading as an AR headset."
Persons: , preorders, MacRumors, Nilay Patel, Mark Spoonauer, Joanna Stern, CNET's Scott Stein, Patel, Stein, Stern, There's, CNBC's Todd Haselton, Spoonauer, peck, Haselton, Slack, it's, I've Organizations: Service, Apple Vision, Apple, Business, Meta, Vision, Meta Quest Locations: visionOS
What if athletes could sell a percentage of their future earnings to investors, the same way tech entrepreneurs offer a stake in their promising new ideas in return for venture capital? "We look at the game very, very differently than everyone else," Schwimer tells the pitcher. Finlete is launching a fund that allows fans to buy shares in a prospect's future earnings. What if you could sell a share of your future earnings, he asked, for $10,000? Today, he says, more than 80% of the players BLA has invested in are outside the league's top 300 prospects.
Persons: They're, Michael Schwimer, , Schwimer, BLA, haven't, Fernando Tatis Jr, We've, it's, Daniil, David Liberman, Garrett Broshuis, he'd, He'd, Houdini, Christian Petersen, Erik Kratz, Kratz, Cole Hamels, Hamels, Sean M, Marvin Bush, George W, Bush, Paul DePodesta, bankroll BLA's, Bill Miller, Miller, HBO's, Michael, Jeff Bezos, Bezos, I'd, I'm, Steven Duncker, Goldman Sachs, Elly De La Cruz, Dylan Buell, phenom, Scott Boras, Yermín Mercedes, Francisco Mejía, countersue Mejia, Gervon Dexter, they're, Dexter, Wharton, He's, he'll, isn't, scoffing, he's Organizations: Philadelphia Phillies, Big League, San Diego Padres, Benchmark Capital, Sports, Wharton Sports Business, MLB, University of Virginia, Partners, Phillies, Getty, AAA, Arizona Fall League, Ritz Carlton, Cleveland Browns, Dodgers, Cleveland Indians, Big League Advance, Chicago Bears, University of Florida, Huntsman, NCAA Locations: Maryland, Philadelphia, United States, baseball's, Latin America, America, Dominican Republic, Cleveland, Florida
John Malkovich on (Really) Being John Malkovich
  + stars: | 2024-01-28 | by ( David Marchese | ) www.nytimes.com   time to read: +10 min
Photo Illustration by Bráulio Amado Talk John Malkovich on (Really) Being John MalkovichThere’s a scene in that modern classic of screwball existentialism, “Being John Malkovich,” from 1999, in which John Malkovich, playing a version of himself, enters a portal that others have been using to climb inside his mind. If we take style to mean a manner of doing something, could you articulate the John Malkovich style? John Malkovich in “The New Look.” AppleThe book has a long interview with you where you say: “I’m capable of belief, at least inside the theater. Malkovich and Spike Jonze on the set of “Being John Malkovich” (1999). There’s evidence out there that there’s something going on behind the eyes of John Malkovich.
Persons: Bráulio Amado, John Malkovich, , , Malkovich, Christian Dior, Coco Chanel, Cristóbal Balenciaga, Dior, Lucien Lelong, it’s, I’ve, you’re, It’s, you’ve, I’m, Terry Johnson’s, Freud, Dalí, Spike Jonze, John Malkovich ”, Charlie, Charlie Sheen’s, You’ve, John Clifford, You’re, I’d, Bergman, Gore, Carl, Steve, Dustin Hoffman, , I’ll, Joan Didion, Andreas Rentz Organizations: Apple, Christian, Venice Film, Miramax, Library Locations: Venice, Cannes, New Jersey,
Opinion: The actual hidden truth about UFOs
  + stars: | 2024-01-26 | by ( Peter Bergen | ) edition.cnn.com   time to read: +11 min
CNN —A former Pentagon official — driven, he says, by his duty to the truth — goes public with an explosive allegation. Facing a scrum of TV cameras and members of Congress, this official claims that the US government has been keeping crashed alien spaceships under wraps for decades. Crashed alien spacecraft and dead extraterrestrials, right there in the Congressional Record. Because, for decades, UFO true believers have been telling us there’s a US government conspiracy to hide evidence of aliens. But — if you believe Kirkpatrick — the more mundane truth is that these stories are being pumped up by a group of UFO true believers in and around government.
Persons: Peter Bergen, , Erik German, , CNN —, David Grusch, he’d, Grusch, must’ve, Sean Kirkpatrick, Kirkpatrick, Tom Williams, ” Kirkpatrick, Naval Intelligence Scott Bray, Kevin Dietsch, It’s, you’ve, Harry Reid, Robert Bigelow, ’ ”, Sen, Chip Somodevilla, Reid, Bigelow, ” Reid, “ I’m, who’d Organizations: New, Arizona State University, Apple, Spotify, CNN, Pentagon, Air Force, SPAN, US Department of Defense, Defense, National Security, Foreign Affairs, Naval Intelligence, Intelligence, Capitol, Roswell Army Air Field, Army, Newspapers, Roswell, US Air Force, NASA Voyager, Walker, Roswell AAF, Reuters, Nevada Democrat, Bigelow Aerospace, US Defense Intelligence Agency, New York Times Locations: New America, Roswell, New Mexico, Florida, Nevada, Washington ,
Saudi Arabia began hosting the men’s tour’s Next Gen ATP Finals for top 21-and-under players in Jedda last year in a deal that runs through 2027. And the WTA has been in talks to place its season-ending WTA Finals in Saudi Arabia. If so, we would endorse engagement there.”Another Hall of Fame player, Billie Jean King, has said she supports the idea of trying to encourage change by heading to Saudi Arabia now. “I’m a huge believer in engagement," King, a founder of the WTA and an equal rights champion, said last year. In recent years, Saudi Arabia has enacted wide-ranging social reforms, including granting women the right to drive and largely dismantling male guardianship laws that had allowed husbands and male relatives to control many aspects of women’s lives.
Persons: of Famers Chris Evert, Martina Navratilova, Rafael Nadal, , Evert, Navratilova, Billie Jean King, Prince Mohammed bin Salman, Jamal Khashoggi, Coco Gauff, John Pye, ___ Organizations: of Famers, WTA, The Washington, Saudi Tennis Federation, Rafael Nadal Academy, Fame, Washington Post, Authorities, Locations: Saudi Arabia, The, Saudi, East, Jedda, ” U.S, Melbourne, Australia
WHO Chief Breaks Down Describing 'Hellish' Gaza Conditions
  + stars: | 2024-01-25 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +2 min
GENEVA (Reuters) - The head of the World Health Organization called for a ceasefire and a "true solution" to the Israel-Palestinian conflict in an emotional plea to the global health body's governing body on Thursday where he described conditions in Gaza as "hellish". "I'm a true believer because of my own experience that war doesn't bring solution, except more war, more hatred, more agony, more destruction. So let's choose peace and resolve this issue politically," Tedros told the WHO Executive Board in Geneva during a discussion about the Gaza health emergency. In the same address, Tedros warned that more people in Gaza would die of starvation and disease. "If you add all that, I think it's not easy to understand how hellish the situation is," he said.
Persons: Tedros Adhanom Ghebreyesus, let's, Tedros, Israel, Meirav Eilon Shahar, Cecile Mantovani, Emma Farge, Jonathan Oatis Organizations: World Health, WHO, Reuters Locations: GENEVA, Israel, Gaza, Eritrea, Geneva
Read previewWhat's the maximum number of cheese slices you'd eat in a day? A 30-year-old from Arizona went viral last week with an unusual and fascinating challenge to test this very question. In a video posted last Tuesday, the TikToker @cheeze_louise__ said he would eat a slice of cheese for every new follower he received. The first two days were relatively smooth: he ate eight and then 24 slices of cheese. He joked that he owes them a "debt" of 100,000 slices of cheese.
Persons: , @cheeze_louise__, Cheeze_louise__, Steven, he's Organizations: Service, Business, YouTube Locations: Arizona
Ordering an omelet can be risky when you want your eggs cooked a certain way. I want my eggs to jiggle in the center. Shebeko/ShutterstockThis one may be controversial, but unless I know that the eggs will have plenty of jiggle in the center, I'm not ordering an omelet for breakfast. I'm a firm believer in the saying "done in the skillet is dry on the plate" — and dry takes on a whole new meaning by the time your meal makes it to the table in a restaurant.
Locations: I'm
After failing to break into the cash register, Bill walked out of the store and drove off with his girlfriend. Gerhardt awoke and called 911, and an ambulance rushed her to a hospital, where she remained for three days. The police promptly caught Bill, still covered in Gerhardt’s blood. “I got lucky because I had a gun in the car, and I always carried it,” Bill told me. “That was one of the hardest things to go through,” Sue Buchholz, his stepmother, who raised him for most of his boyhood, told me.
Persons: Bill, Gerhardt, , , ” Bill, ” Sue Buchholz, Buchholz
Zapata, a startup spun out of Harvard, uses quantum physics math to train GenAI models with less data. AI models must be regularly fed. AI models also require hefty, energy-consuming GPU chips. Since founding that year, Zapata has 18 patents and patents pending on its AI tech, it says. And quantum tech could be among the alternatives.
Persons: Zapata, Andretti, , Guido Appenzeller, Christopher Savoie, Mario, Michael Andretti's SPAC, it's, GenAI Zapata, OpenAI, hasn't Organizations: Andretti Racing, Service, America, Intel's Data, CNBC, Nvidia, Andretti Global, Andretti, Corp, Zapata, BMW, Computer, Fujitsu, Google, IBM, Meta, Microsoft, Comcast Ventures, Ventures, Bloomberg Locations: Harvard, Zapata, Savoie
A pop-up showcasing Saudi Arabia's Neom development features among the most prominent on the Davos promenade in 2024. But Saudi Arabia is keen to capture some of the limelight, and talent, from its neighbor on the Arabian Peninsula — an ambition laid bare on the Davos Promenade this year. "He's driving entrepreneurship, he's diversifying the economy ... And there are a lot of people that are really interested in working in Saudi Arabia," said Bremmer. "In the Emirates and in Saudi Arabia, you have millions of people that need upskilling, particularly Saudi Arabia which has a much larger population," Hidary said. Hidary, who was recently in Saudi Arabia, says that the UAE and Saudi Arabia are looking at countries like Singapore and Israel that have supported start-ups and are driven by technology.
Persons: Mohammed al, Jadaan, Prince Mohammed bin Salman's, Ian Bremmer, he's, Bremmer, Jamal Khashoggi, King Abdullah, KAUST, Harri Jarvelainen, Vera Futorjanski, Futorjanski, Israel Jack Hidary, Hidary, — CNBC's Karen Gilchrist Organizations: Saudi, CNBC, United Arab, prince's, , Economic, Al, U.S, Eurasia Group, MBS, World Bank, Research Technology Centers, King, King Abdullah University of Science, Technology, UCLA, Riyadh's, Center, AI Research, AI, Artificial Intelligence Authority, Veritas Ventures, Emirates Locations: Davos, CNBC DAVOS, Switzerland, United Arab Emirates, Saudi Arabia, Neom, Saudi, Riyadh, China, Istanbul, UAE, Singapore, Israel, Emirates
And I think he’s right there with Reagan as far as his track record, what he did overall throughout his presidency. I think it really does set her up well as you do move on into some other states. nick corasanitiSo New Hampshire has a long history of really just going against Iowa, right? Those independents is where the question of the final results really, really come in. They were economic voters, taxation voters, pro-gun voters, not any of those kind of evangelical issues that we heard in Iowa.
Persons: I’m, We’ve, I’m Astead, , Iowans, Donald Trump, Trump, Nikki ”, Haley, it’s, Ames, Harrison Barnes, Doug McDermott, Troy Hill, Nikki Haley, Vivek, — he’s, wouldn’t, , aren’t, Reagan, DeSantis, Nikki, Ramaswamy, Ron, he’s, Biden, Ron DeSantis, , I’ve, who’s, It’s, hasn’t, caucusing, Roe, Astead Herndon, Aaron, it’s Trump, They’re, Mike Pence, you’ll, we’re, Anna, Teresa didn’t, Teresa, haven’t, Nikki Haley’s, Donald Trump’s, Vivek Ramaswamy, Nick Corasaniti, astead herndon, Nick, Trump’s, astead, There’s, they’re, Rand Paul, herndon, Bill Clinton, — astead herndon Isn’t, John McCain, George W, Bush, isn’t, They’ve, unquote, astead herndon It’s, He’s, Chris Christie, Christie, that’s, “ Trump, it’ll, she’s, I’d Organizations: Trump, The New York Times, Republican, CNN, Iowa, America, Iowa State University, NBA, Republicans, Republican Party, Associated Press, NBC, CBS, Iowa Republican, New, astead herndon, New Hampshire, Democrat, New Hampshire Republican, Prosperity Locations: Iowa, New Hampshire, I’m Astead Herndon, , Iowa, Ames , Iowa, Des Moines, Trump, Troy, Ukraine, Congo, , New Hampshire, COVID, Indiana, Ames, , Hampshire, astead herndon, Portsmouth
DAVOS, Switzerland (AP) — Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting in Davos. In a sign of ChatGPT maker OpenAI’s skyrocketing profile, CEO Sam Altman is making his Davos debut to rock star crowds, with his benefactor, Microsoft CEO Satya Nadella, hot on his heels. Illustrating AI’s geopolitical importance like few other technologies before it, the word was on the lips of world leaders from China to France. Here's a look at the buzz:OPENAI OPENING BIG AT DAVOSPolitical Cartoons View All 253 ImagesThe leadership drama at the AI world's much-ballyhooed chatbot maker followed Altman and Nadella to the swanky Swiss snows. China, one of the world’s centers of AI development, wants to “step up communication and cooperation with all parties” on improving global AI governance, Li said.
Persons: OpenAI’s, Sam Altman, Satya Nadella, Altman, Nadella, , OpenAI, Klaus Schwab quizzed, Li Qiang, , Li, Ursula von der Leyen, Emmanuel Macron, Google's Bard, he's, can’t, Julie Sweet, Arvind Krishna, Yann LeCun, LeCun, ____ Chan, Matt O'Brien Organizations: Davos, DAVOS, Bloomberg, Microsoft, , European, EU, Accenture, AP Locations: DAVOS, Switzerland, Davos, China, France, Swiss, percolated, afterparties, Europe, Britain, Valley, London, Providence , Rhode Island
Restaurant Brands International is buying Carrols Restaurant Group , the largest Burger King franchisee in the U.S., for about $1 billion in cash. Restaurant Brands will pay $9.55 per share to acquire Carrols, which operates more than 1,000 Burger King restaurants and 60 Popeyes locations. Burger King sales had been lagging behind the competition, and Wendy's overtook it as the second-largest burger chain by U.S. sales. Restaurant Brands plans to remodel 600 of Carrols' Burger King locations rapidly over the next five years and then sell them back to franchisees, Tom Curtis, president of Burger King U.S. and Canada, said. Correction: Restaurant Brands International currently owns 175 Burger King locations.
Persons: Burger, Wendy's, Tom Curtis, Josh Kobza, I've, Curtis, Burger King Organizations: Brands, Burger King, Restaurant Brands, Burger King's, Burger King U.S, Restaurant, Carrols, CNBC, Burger, CNBC PRO Locations: U.S, Burger King's U.S, Burger, Canada
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