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Dec 3 (Reuters) - Russia launched 12 drones and a cruise missile at Ukraine overnight, with Ukraine's air defence systems destroying 10 drones before they reached their targets, Ukraine's air force said on Sunday. The cruise missile was not destroyed but did not reach its target, the air force said, without giving further details. These are good results that we see every day," Air Force spokesperson Yuriy Ihnat told national television. Reuters could not independently verify the air force's report. The Iranian-made Shahed drones were headed towards Ukraine's northwest, the air force said.
Persons: Yuriy Ihnat, Lidia Kelly, Pavel Polityuk, William Mallard, Bernadette Baum Organizations: Air Force, Reuters, Regional, Thomson Locations: Russia, Ukraine, Ukraine's, Mykolaiv, Melbourne, Kyiv
The Club on Friday is changing the rating and price target on one of our favorite stocks, and updating the price targets on 5 other names in the portfolio to reflect recent quarterly earnings reports, new developments at the companies and broader economic forces. We're increasing our price target on shares of Palo Alto (PANW) to $300 from $280. We're raising our price target on shares of Salesforce (CRM) to $275 from $240. We're lowering our price target for Ford (F) stock to $13 from $16. We're lifting our price target on shares of Eli Lilly (LLY) to $630 from $600.
Persons: PANW, Ford, Linde's, Linde, Eli Lilly, it's, It's, Jim Cramer's, Jim Cramer, Jim Organizations: Palo, Palo Alto Networks, Costco, Ford, UAW, Management, Motors, GM, Linde, LIN, P Healthcare, donanemab, Novo Nordisk, Pfizer, CNBC Locations: Alzheimer's, Lilly, Santa Clara , California
A Boeing E-4B "Doomsday Plane" military aircraft takes off at Joint Base Andrews, in Maryland, U.S., May 11, 2022. The Air Force, which plans to award a SAOC contract in 2024, declined to comment on whether other firms had submitted bids. "We cannot discuss an active source selection and detailed program information is classified," an Air Force spokesperson said. "Rest assured, we haven't signed any fixed-price development contracts nor (do we) intend to," Brian West, Boeing's chief financial officer, said in October. The Air Force currently operates four E-4B aircraft with at least one on alert at all times.
Persons: Tom Brenner, haven't, Brian West, Valerie Insinna, Mike Stone, Marguerita Choy Organizations: Boeing, Joint Base Andrews, REUTERS, Rights, U.S . Air Force, Sierra Nevada Corp, Survivable Airborne Operations Center, The Air Force, Air Force, U.S, Pentagon, Thomson Locations: Maryland, U.S, Washington
FL YTD mountain Foot Locker (FL) performance year-to-date Foot Locker (FL) climbed 28.3% during November, making it the Club's No. Foot Locker stock, down more than 26% year-to-date, closed 1.4% lower Thursday, at just under $27.28 apiece. CRM YTD mountain Salesforce (CRM) performance year-to-date Salesforce (CRM) shares jumped 25.4% in November, coming in second place for monthly gains. NVDA YTD mountain Nvidia (NVDA) performance year-to-date Nvidia (NVDA) — an "own it, don't trade it" name — was the portfolio's fifth-best performer in November. WFC YTD mountain Wells Fargo (WFC) performance year-to-date Shares of Wells Fargo (WFC) jumped 12.07% in November, as the broader market rally lifted financials.
Persons: Jim Cramer, Mary Dillon's, Locker, Palo, CrowdStrike, We're bullish, , Wall, Walt Disney, Nelson Peltz's, Wells, Morgan Stanley, Sam Altman, OpenAI, Altman, Jim Cramer's, Jim, Michael M Organizations: , Palo Alto Networks, Palo Alto, Management, Nvidia, DIS, Walt Disney, Disney, Oracle, Microsoft, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: FL, Palo, Palo Alto, Wells, Wells Fargo, OpenAI, DHR
Sam Altman is back in charge of OpenAI but some employees are still feeling nervous, per Semafor. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementOpenAI's CEO Sam Altman may be back in charge but some employees are still feeling uneasy. According to one of the outlet's sources, rival AI company Cohere has received several inquiries from OpenAI employees in recent days. AdvertisementAI companies Hugging Face and Cohere told CNBC they've had more customer inquiries following Altman's ousting and reinstatement as CEO.
Persons: Sam Altman, , Semafor, Altman, We've, Sam, Cohere, Marc Benioff, Salesforce's Einstein, CNBC they've, Clément Delangue, OpenAI Organizations: Service, Salesforce's, CNBC Locations: OpenAI
Aggregate bond index is up 4.8% in price this month. Stocks, international currencies, and bitcoin have also rallied, with traders betting the Fed is done lifting interest rates as inflation continues to ebb. On Thursday, the latest personal-consumption expenditures price index—the Fed's preferred inflation gauge —offered the latest sign that pricing pressures are softening. The Nasdaq Composite is up 11% in November, on track for its best month since July 2022. Salesforce's stock rose, lifting the blue-chip Dow, after the business-software company reported results last night.
Persons: Stocks, Tesla, Dow industrials Organizations: Bloomberg U.S, Nasdaq, Dow, Treasury, Benchmark U.S Locations: Russia, Europe
Goldman Sachs raised its price target on General Motors after the stock's best day since early 2021. The bank reiterated a buy rating as well as a top pick label, accompanied by a $300 per share price target. Goldman Sachs also maintained its buy rating and increased its target price to $345 per share from $340. To be sure, it maintained its $16 per share price target, which implies more than 3% downside from Wednesday's $16.52 close. — Brian Evans 5:45 a.m ET: Goldman raises GM price target Goldman Sachs analyst Mark Delaney increased his price target on General Motors to $45 from $42 after a series of bullish moves by the auto giant.
Persons: Goldman Sachs, Morgan Stanley, 31.6x, Eric Heath, Wells, Andrew Nowinski, — Brian Evans, José Neves, Marvin Fong, Brian Evans, Salesforce, Brad Sills, Kash Rangan, Jefferies, Snapchat, Pinterest, James Heaney, Meta Marshall, Mark Delaney, Delaney, Fred Imbert Organizations: CNBC, General Motors, Hewlett Packard Enterprise, Wall, Bank of America, SNAP, Goldman, GM Locations: Okta, America
November's trading is in its last hours, with stocks—and a range of other asset classes—on pace for strong monthly gains. Stocks, international currencies, and bitcoin have all risen, with traders betting the Fed is done lifting interest rates as inflation ebbs. The Dow is on track for its highest close of 2023, while the Nasdaq Composite is on track for its best month since January. The yield on the 10-year U.S. Treasury note ticked up, rising to around 4.343%, after three days of declines. Overseas, the Stoxx Europe 600 finished its best month since January.
Persons: Dow, Tesla, Dow industrials Organizations: Treasury, Nasdaq, Dow, Benchmark U.S, Overseas
A Salesforce sign is seen during the company's annual Dreamforce event, in San Francisco, California November 18, 2013. REUTERS/Robert Galbraith/File Photo Acquire Licensing RightsNEW YORK, Nov 30 (Reuters) - Salesforce Inc's (CRM.N) stock jumped by about 10% on Thursday to a nearly two-year high after the U.S. cloud and business software company reported stellar third quarter results underpinned by strong demand for its services. Salesforce's revenue of $8.72 billion and adjusted profit of $2.11 per share beat Wall Street expectations, the company reported after the closing bell on Wednesday. Reuters GraphicsMultiple analysts, including from Morgan Stanley, Evercore, Wells Fargo, and Deutsche Bank, raised their price target for Salesforce's shares following the results. Reporting by Chibuike Oguh in New York; Editing by Lance Tupper and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Robert Galbraith, Morgan Stanley, Brad Sills, Chibuike Oguh, Lance Tupper, Nick Zieminski Organizations: REUTERS, Reuters Graphics, Deutsche Bank, Global Research, Thomson Locations: San Francisco , California, U.S, Evercore, Wells Fargo, Salesforce, New York
Stock Market News, Nov. 30, 2023: Dow Logs Highest Close of 2023
  + stars: | 2023-11-30 | by ( ) www.wsj.com   time to read: +1 min
The 10-year U.S. Treasury note had its best month since 2019, as a sharp unwinding of rate-hike expectations sent investors on a bond-buying spree. The Dow ended the day with its highest close since January 2022, while the Nasdaq Composite managed its best month since July 2022. Salesforce's stock rose, lifting the Dow, after the business-software company reported results last night. The yield on the 10-year U.S. Treasury note ticked up to settle at 4.349%, after three days of declines. Overseas, the Stoxx Europe 600 finished its best month since January.
Persons: Dow, Tesla, Dow industrials Organizations: Treasury, Nasdaq, Dow, Benchmark U.S, Overseas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSalesforce's backlog and large deals are the surprise in earnings, says Jefferies' ThillBrent Thill, Jefferies tech analyst, joins 'Squawk on the Street' to discuss why Salesforce quarterly earnings results came as a surprise, the swing factor for its stock appreciation, and where we are in the AI cycle.
Persons: Jefferies, Thill Brent Thill Organizations: Jefferies
Snowflake — Snowflake shares rallied more than 4% after the cloud company posted stronger-than-expected quarterly results and an upbeat fourth-quarter product revenue forecast. The company posted adjusted earnings of 25 cents per share on $734 million in revenue. That topped the profit of 16 cents per share and revenue of $713 million expected by analysts polled by LSEG, formerly known as Refinitiv. Discover Financial — Shares jumped 4.7% after the digital banking company announced it was exploring the sale of its student loan portfolio. Victoria's Secret — The women's clothing retailer surged 15.9% after providing current-quarter guidance that was largely in line with analysts' expectations.
Persons: LSEG, Phillips, Elliott, Morgan Stanley, Nutanix, Synopsys, Ally, Baird, Petco, Wells, , Samantha Subin, Yun Li, Michelle Fox, Lisa Kailai Han, Sarah Min Organizations: Dow Jones, Revenue, LSEG, Discover, Elliott Investment Management, CNBC, Hewlett Packard Enterprise, Nvidia, Jefferies, Wolfe Research, Barclays Locations:
The US Air Force is developing more dispersed bases to counter the threat posed by China's missiles. US engineers quickly began building what became the biggest and busiest air base of the war. "Air Force engineers are scheduled to remove the vegetation that have penetrated through the cracks and joints of the old pavement surfaces," Peden added. Money is allotted for work at Tindal air base — including $93 million to build a parking apron for six B-52 bombers — and Darwin air base, both of which are in Australia's Northern Territory. The Air Force is working with the rest of the military to address those challenges, Thomas Lawhead, acting deputy chief of staff for Air Force Futures, said at an event this month.
Persons: , Gen, Kenneth Wilsbach, Wilsbach, Lance Cpl, J, Gage, Capt, Gerald Peden, Peden, Jason Robertson, Cesar Basa, Michael S, Murphy, Frank Kendall, Kendall, Sgt, JT May III, Thomas Lawhead, Joseph P, Lawhead Organizations: US Air Force, China's, Service, Airport, US Pacific Air Forces, an Air and Space Forces Association, Field, International Airport, Commonwealth of, Marines, Air Force, Google, Air, Tinian's, US Marine Corps, KC, Pacific Air Forces, Tech, Northwest Field, Tindal, Pentagon, Air Force Futures, Army Locations: Tinian, SkyFi, Japan, Hiroshima, Nagasaki, West, Commonwealth, Northern Mariana Islands, Pacific, , Guam, Northern Territory, Philippines, Manila, Philippine, China, North Korea, Northern Mariana
Now, with the Club holding set to report earnings, Jim Cramer wants to hear whether its AI endeavors are really on track to boost its financials. "We want to hear that numbers must be raised next year because of the new business that [Salesforce is] getting now" as a result of AI, Jim said Tuesday. It's been a year since OpenAI's ChatGPT went viral and accelerated investment into generative AI applications, which can create human-like text sentences and images in response to user queries. Since then, Salesforce and other software companies have raced to incorporate generative AI capabilities into their existing products or launch new ones all together. Still, the analysts reiterated their buy-equivalent rating on Salesforce stock and a $250-per-share price target.
Persons: Jim Cramer, Marc Benioff, Jim, It's, OpenAI's ChatGPT, Salesforce, Piper Sandler, Jim Cramer's, Stefan Wermuth Organizations: Club, Adobe, Microsoft, LSEG, Oppenheimer, CNBC, Salesforce, Economic, Bloomberg, Getty Locations: Davos, Switzerland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is Salesforce's show-me quarter for revenue and margin, says James DemmertJames Demmert, Main Street Research CIO, gives his expectations for Salesforce's earnings report.
Persons: James Demmert James Demmert Organizations: Street Research
REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 29 (Reuters) - Salesforce (CRM.N) raised its annual profit forecast and its third-quarter results beat Wall Street targets on Wednesday, benefiting from a strong demand for its cloud and business products in an uncertain economy. Salesforce expects fourth-quarter adjusted profit in the range of $2.25 to $2.26 per share compared with estimates of $2.17. It forecast revenue between $9.18 billion and $9.23 billion, the midpoint of which exceeded estimates of $9.21 billion, according to LSEG data. The company's third-quarter revenue of $8.72 billion narrowly beat expectations, while adjusted profit of $2.11 per share beat estimates by 5 cents. It also raised the lower end of its annual revenue forecast to $34.75 to $34.8 billion.
Persons: Porte, Benoit Tessier, Salesforce, Charlie Miner, Einstein, Slack, Zaheer Kachwala, Arun Koyyur Organizations: Viva Technology, Porte de, REUTERS, Wall, Thomson Locations: Paris, France, Bengaluru
Bottom line It was another terrific quarter from Salesforce with steady, double-digit revenue growth and a continued operating margin uplift, leading to a huge increase in earnings per share. Additionally, the topline growth story has some game to it, thanks to the surge in interest in its Data Cloud. By Cloud unit, the most exciting performance in the quarter came from the Data Cloud. Revenue growth accelerated to 22% from 16% in the prior quarter, and the company said it added 1,000 new customers in the quarter alone. Artificial intelligence is driving the interest in the Data Cloud, as more customers seek to use Mulesoft's integration technology to unlock data across legacy systems, cloud apps, and devices.
Persons: Salesforce, Marc Benioff, management's, Salesforce's headcount, Salesforce's, Jim Cramer's, Jim Cramer, Jim, Nicholas Kamm Organizations: Revenue, LSEG, CNBC, Salesforce, Economic, Washington, AFP, Getty Locations: Americas, Africa, Asia, headcount, Washington ,
After nearly two years of combat in Ukraine, Russia's air force is still largely intact. If Russia's air force can't perform that mission, Russian ground forces will continue to struggle. AdvertisementDespite its losses in the Ukraine, Russia's air force is still quite robust. What Russia doesn't have is the support aircraft needed to find and attack enemies on the ground. AdvertisementAs long as Ukraine's air defenses aren't suppressed, the Russian Air Force can't provide meaningful support to ground troops.
Persons: , Cmdr, Matthew Galamison, Michael Petersen, Galamison, Petersen, Sukhoi Su, Mihail Tokmakov, Sefa, Michael Peck Organizations: Service, Kremlin, Russian Defense Ministry Press Service, AP, NATO, US, US Naval War College, US Air Force's Air, Space Operations, Getty, Russian Air Force, EA, Kyiv, Russia's, Russian Army, REUTERS, British Defence Ministry, Anadolu Agency, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Moscow, Russia, Russian, Ukrainian, Kyiv, Kyiv City, Chernihiv, Forbes
Amazon announces Q, an AI chatbot for businesses
  + stars: | 2023-11-28 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Amazon on Tuesday announced a new chatbot called Q for people to use at work. The Copilot for Microsoft 365 and Duet AI for Google Workspace for business workers both cost $30 per person per month. As a result, with Q, people can discuss information that's stored in Microsoft 365, Dropbox, Salesforce and Zendesk, along with AWS' S3 data-storage service. Administrators will be able to determine whether Q can answer people's questions about general topics, said Deepak Singh, an AWS vice president. WATCH: The market now sees Amazon as more of a cloud and generative AI company, says Needham's Laura Martin
Persons: James Bond, Salesforce's Slack, Adam Selipsky, Selipsky, Steven Dickens, Q, Deepak Singh, Needham's Laura Martin Organizations: Amazon Web Services, Microsoft, Google, Star Trek, Futurum, AWS Locations: Las Vegas
A United Nations Interim Force in Lebanon (UNIFIL) vehicle was damaged after its patrol was hit by Israel Defense Forces gunfire, UNIFIL said Saturday. ET) in the area of Aytaroun, in southern Lebanon, UNIFIL wrote in a post on X, formerly known as Twitter. “This attack on peacekeepers, dedicated to reducing tensions & restoring stability in south Lebanon, is deeply troubling,” UNIFIL said Saturday. Remember: Fighting between Israel and the Iran-backed paramilitary group Hezbollah is centered on northern Israel and southern Lebanon — separate from Israel's fighting with Hamas further south, which is centered around Gaza. The group has linked its attacks on Israel to Israel’s targeting of Lebanese territory, and the fighting remains limited to this border region for now.
Persons: Arolodo Lázaro Organizations: United Nations Interim Force, Israel Defense Forces, UNIFIL, IDF, CNN, Hezbollah, Hamas Locations: Lebanon, UNIFIL, Aytaroun, Israel, Iran, Gaza, Lebanese
This is despite mandating Salesforce employees to come to the office three or more days a week. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSalesforce billionaire CEO Marc Benioff seems to have somewhat of a muddled stance on hybrid working. AdvertisementBut Benioff doesn't seem to apply this mantra to his own workforce. It just doesn't work with my personality."
Persons: Marc Benioff, , it's, GQ isn't, Benioff, I've Organizations: GQ, Service, Engineers
Chaos at OpenAI ensues
  + stars: | 2023-11-21 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
In today's big story, we're looking at the continued fallout from the shocking Sam Altman ouster at OpenAI. Altman is alive and well, but his run as CEO of OpenAI ended abruptly on Friday. But in the days since his firing, he's escaped a messy weekend looking like the ultimate hero, Business Insider's Katie Notopoulos writes. To be fair, Microsoft CEO Satya Nadella and OpenAI CEO Emmett Shear don't seem to know why either. Meanwhile, Salesforce's Marc Benioff is already actively recruiting OpenAI employees on X.
Persons: , Sam Altman, Altman, OpenAI, he's, Katie Notopoulos, Altman isn't, Ilya Sutskever —, Sutskever, Kali Hays, Satya Nadella, Emmett Shear, Satya Nadella Stephen Brashear, Julie Bort, Microsoft's Nadella, Nadella, that's, Madeline Renbarger, That's, It's, Kali, Ashley Stewart, Salesforce's Marc Benioff, Scott Olson, Bridgewater's, Greg Jensen, Jim Chanos, Elon, New York Jefferson Siegel, Nvidia's, Jensen Huang, execs, Elon Musk, Linda Yaccarino, Arantza Pena Popo, Camila Téllez, Melkorka, Téllez, Carly Rae Jepsen, Björk, Colleen Ballinger, Clinton, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Microsoft, Getty, BlackRock, Reuters, Nvidia, Elon, HP, Nordstrom, Clinton Lee Locations: OpenAI, Silicon Valley, Bridgewater, New York, Texas, Millennials, New York City, San Diego, London
Marc Benioff promised to match the contracts of OpenAI researchers who resign to join Salesforce. The offer comes amid the chaotic ouster of OpenAI CEO Sam Altman, and rumors Altman could return to the job. "Salesforce will match any OpenAI researcher who has tendered their resignation full cash & equity OTE to immediately join our Salesforce Einstein Trusted AI research team under Silvio Savarese," Benioff, the Salesforce CEO, posted on X in a pledge to buy out the OpenAI researchers' contracts, along with any unrealized profits and sales incentives. As many as 95% of OpenAI workers have also threatened to quit if Altman, the company's co-founder, is not reinstated. AdvertisementSalesforce's Einstein is the company's generative AI program built for managing relationships with customers.
Persons: Marc Benioff, Sam Altman, Altman, , Salesforce, Silvio Savarese, Einstein, Benioff, Greg Brockman, OpenAI, Jakub Pachocki, Szymon Sidor, Aleksander Madry, Savarese, Stanford — Organizations: Salesforce, Service, Enterprise, Business, OpenAI, New York Times, Stanford
US Navy/MCS 1st Class Anthony W. WalkerNaval Special Warfare Command announced in September that it would start testing its personnel, including Navy SEALs and Naval Special Warfare Combatant-Craft Crewmen, for performance-enhancing drugs. The initiative comes after several drug-related incidents in the Naval Special Warfare community and is designed to protect the force's health and readiness. Special Forces Assessment and Selection candidates carry a telephone pole during a ruck march at Camp Mackall in North Carolina in March 2020. The Navy Special Warfare Community has swelled to about 4,000 SEALS — 10 times as many as at the height of the Cold War. A US Special Forces soldier free falls over a drop zone in Germany in March 2015.
Persons: , Anthony W, Keith Davids, Jason Johnston, Stavros Atlamazoglou Organizations: Pentagon, Service, US Navy, Walker, Warfare Command, Navy, Warfare, Craft, Navy SEAL, Special Forces, US Army, Special, Command, Army, 75th Ranger, Operations Command, US Special Forces, Hellenic Army, 575th Marine Battalion, Johns Hopkins University, Johns Hopkins School, International Studies, Boston College Law School Locations: Iraq, Afghanistan, Syria, Ukraine, Beijing, Asia, Pacific, Russia, China, Coronado , California, Mackall, North Carolina, Germany
Salesforce CEO Marc Benioff is trying to get ahead of the race to poach OpenAI's talent. AdvertisementAfter the weekend of chaos at OpenAI, Salesforce CEO Marc Benioff is eyeing an opportunity for new talent. "Lol, like it was ever about compensation," wrote Boris Power, OpenAI's head of applied research, in response to Benioff. "Looking forward to joining Salesforce!" I was the janitor at OpenAI, total comp $1.2m base + $50m equityLook forward to joining Salesforce!
Persons: Marc Benioff, , Salesforce's Einstein, Lol, Boris Power, ove, ould Organizations: Service, Salesforce's Locations: OpenAI, ife
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