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The NLRB filed a complaint against Apple, alleging labor law violations and retaliation. AdvertisementA culture of silenceScarlett's case is among other ongoing unfair labor practice complaints by former Apple employees. The future of labor organizing in Silicon ValleyThe NLRB has received an uptick in unfair labor practice filings from tech workers. "When we talk about labor law, we're really talking about unions and hourly labor, like retail, front line, and service workers," Scarlett said. Movements like #AppleToo reflect a greater push from tech workers, who expect more employer transparency.
Persons: Cher Scarlett, Scarlett, , I'm, Bernie Sanders, Howard Schultz, Apple, Slack, – they're, Evan Starr, we're, Matthew Bodie, They're Organizations: NLRB, Apple, Service, Labor Relations, National Labor Relations, SEC, University of Maryland, Employees, Microsoft, Google, The New York Times, University of Minnesota Law School, Activision Blizzard, Mozilla Locations: Oakland, California, Silicon Valley, USA
New York CNN —Jeff Bezos, the Amazon founder and chairman, congratulated Donald Trump on Wednesday for an “extraordinary political comeback and decisive victory” after the former president won re-election, wishing Trump “all success in leading and uniting the America we all love.”“Big congratulations to our 45th and now 47th President on an extraordinary political comeback and decisive victory. No nation has bigger opportunities,” Bezos posted on X. “Wishing [Donald Trump] all success in leading and uniting the America we all love.”Amazon chief executive Andy Jassy also congratulated Trump on his re-election. “Congratulations to President-elect Trump on a hard-fought victory,” he wrote. Tara Palmeri, a Puck’s political correspondent who was set to broadcast from the Florida event, had her credentials revoked after she published a piece about “anxiety” within the Trump campaign.
Persons: Jeff Bezos, Donald Trump, Trump, , ” Bezos, Andy Jassy, , Bezos, Kamala Harris, Brian Williams, Tara Palmeri, ” Palmeri Organizations: New, New York CNN, Amazon, ” Amazon, The Washington Post, Trump Locations: New York, America, , Florida, Palm Beach
His remarks follow the decision by the Washington Post, which Bezos owns, not to endorse a candidate. AdvertisementJeff Bezos congratulated Donald Trump on his reelection less than two weeks after his newspaper's decision not to endorse a candidate in the race. AdvertisementThe Washington Post endorsed Barack Obama in 2008 and 2012, Hillary Clinton in 2016, and Joe Biden in 2020. While campaigning for the 2016 presidential election, Trump said Amazon would have "problems" if he became president. AdvertisementTrump has criticized the Washington Post as "lobbyist" and called Bezos "Jeff Bozo" in 2019.
Persons: Jeff Bezos, Donald Trump, Bezos, , Trump, William Lewis, Lewis, Kamala Harris, David Hoffman, Molly Roberts, Mili Mitra, Robert Kagan, Michele Norris, Danielle Allen, Barack Obama, Hillary Clinton, Joe Biden, Dave Limp, Megan Mitchell —, Limp, Jeff Bozo Organizations: Washington Post, Service, Washington, Trump, Associated Press Locations: America
KKR is in talks to acquire adtech firm Integral Ad Science, sources told Business Insider. AdvertisementPrivate equity firm KKR is in talks to acquire the publicly listed adtech company Integral Ad Science, three people familiar with the process said. In its second quarter, the company grew revenue by 14% to $129 million and raised its full-year guidance. A take-private deal by a private equity firm like KKR could help IAS grow further without the quarterly Wall Street scrutiny. In September, Axel Springer announced it would separate its media properties into a privately-owned company, while KKR retained the classifieds side of the business.)
Persons: Jefferies, , acquirers, Axel Springer, Ted Oberwager Organizations: KKR, Ad, Business, Service, Bloomberg, IAS, Google, Vista Equity Partners, Vista, FGS Global, Publishers
CNBC's Jim Cramer reviewed Wednesday's market action, saying the session was shaped by traders who were relieved that the election was over and were getting ready for President-elect Donald Trump's administration. "The fact that we already know the winner is a huge win for the stock market in itself, which makes it a magnet for new money. The electric vehicle maker's CEO Elon Musk has been one the most vocal Trump supporters among his billionaire peers, and Cramer suggested the president-elect is known to reward his allies. "The ironic bottom line is it'll be tough to exceed the Biden regime when it comes to the stock market. Biden was no friend to stocks, but the market went up anyway," Cramer said.
Persons: CNBC's Jim Cramer, Donald Trump's, we'd, Cramer, Elon Musk, Trump, Musk, Biden Organizations: Dow Jones, Nasdaq, Big Tech, Tech, Trump, Biden, Nielsen Locations: Tesla
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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the 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: Donald Trump, Tesla, Elon Musk, Trump, Gary Gensler, Jim Cramer's, Jim Cramer, Jim Organizations: NBC, Senate, Treasury, Federal Reserve, Trump, Tesla, Club, Justice Department, Apple, DOJ, FTC, Microsoft, Taiwan Semiconductor Manufacturing Company, SEC, Jim Cramer's Charitable, CNBC Locations: China, Taiwan, Mexico
Amazon founder and Executive Chairman Jeff Bezos celebrated Trump's win in a post on X, calling it an "extraordinary political comeback and decisive victory." Trump repeatedly took aim at Bezos' ownership of the Post, Amazon's tax record and its relationship with the Postal Service. Apple CEO Tim Cook congratulated Trump on his victory in a post on X. OpenAI CEO Sam Altman said in a post on X that he hopes Trump will see "huge success in the job." Meta CEO Mark Zuckerberg called Trump's election win a "decisive victory" and said he looks forward to working with the Trump administration.
Persons: Sam Altman, Jeff Bezos, Donald Trump, JD Vance, Trump, Bezos, Kamala Harris, Andy Jassy, Jassy, Tim Cook, Cook, Mark Zuckerberg, Zuckerberg, Elon, Musk, Trump's, Tesla, Sundar Pichai, he's, Satya Nadella, Reid Hoffman, Hoffman, Harris, Gelsinger, Arvind Krishna, Chuck Robbins, Uber, Dara Khosrowshahi, Aaron Levie, Michael Dell Organizations: Economic, Amazon, U.S, Washington Post, Postal Service, Trump, Post, Democratic, Apple, Facebook, SpaceX, White, America PAC, Google, Microsoft, Venture, LinkedIn, Intel, Biden, IBM, Cisco, Dell Technologies Locations: Davos, Switzerland, Glasgow, Scotland, Pennsylvania, Bezos, United States, U.S
After playing to the coasts, Hollywood is leaning toward faith and family-based shows and films. The Prime Video series will be the first to come out of Amazon's deal with The Wonder Project, a Christian-focused production company, for faith-based films and TV shows. After playing to the coasts with shows that embraced progressive themes, Hollywood is leaning into broadly appealing fare. That shift has included a combination of undeniably faith-based, conservative-themed, and family-aimed entertainment, agents, producers, and industry experts say. "Conservative, faith-based, family, is not a bad place to look," Thompson said.
Persons: , David, Vernon Sanders, Jennifer Salke, Nick Barnes, UTA's, Kevin Costner, Bob Iger, Tyler Perry, DeVon Franklin, Ruth, Boaz, Mary, Anthony Hopkins, Tim McGraw, Jim Caviezel, Jesus, Dallas Jenkins, Jon Erwin, UTA's Barnes, Jesus of Nazareth, Angel, Robert Thompson, Thompson, Hilary Swank, Jamie McCarthy, That's, Jason Blum, Taylor Sheridan, Barnes Organizations: Netflix, Service, Amazon MGM Studios, Paramount, Heartland, Disney, Angel, Angel Studios, Wonder, Networks, Cable, Syracuse University's Newhouse School of Public Communications, Center for Television, Popular, Conservative, York, Kingdom, Co, Lionsgate, UTA, Ampere Locations: Hollywood, UTA's Nashville, Los Angeles, American, California, America, Yellowstone, Georgia , Texas, Tennessee
While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta's chief, Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." Hay said that while most presidents wouldn't have any say on existing cases, "Trump is a bit more of a wild card." AdvertisementBut still, he said, new guidelines wouldn't have much impact on the biggest tech companies. There are fears that if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.
Persons: Donald Trump, , Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, GlobalData's Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, he's, Rathbun, James Brundage, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Business, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas
AI regulation is likely to change under Trump, but major antitrust cases are unlikely to be impacted. While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta chief Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." AdvertisementBut still, new guidelines won't have much impact on the biggest tech companies, Hay said. Experts fear that, if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.
Persons: Donald Trump, , Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, Rathbun, James Brundage, Ernst, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, jailing Meta, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas
The news Trump's decisive victory over Vice President Kamala Harris in the 2024 presidential election comes with varying implications for Apple investors. Apple got exceptions in Trump's first term that muted the impact of tariffs on Apple. Bottom line Apple deftly navigated a first Trump term, but it's way too early to say with certainty what Trump's second term in office will mean for the California tech giant. As for tariffs, Apple has wisely expanded its manufacturing capabilities outside of China in markets like India, and it should continue to do so. In Trump's second term, "Apple is going to need what I call special pleading," Jim Cramer said during the Morning Meeting.
Persons: Donald Trump, Kamala Harris, Trump, Apple —, Apple, Bernstein, Tim Cook, Cook, I've, Hillary Clinton, Rosenblatt, it's, Jim Cramer, they're, Jim, Jim Cramer's, Saul Loeb Organizations: Apple, Big Tech, Bank of America, Justice Department, Management, Nvidia, Microsoft, Club, Trump, Democratic, Rosenblatt, Samsung, DOJ, CNBC, American Workforce Policy, White, AFP, Getty Locations: China, U.S, India, California, Washington , DC
SKIP AHEAD 6 tips that can help you prevent rips in tights | What to do if you notice a small rip in your tights | Tights that are less prone to ripping6 tips to prevent rips in tightsThe same way that keeping leather in good shape requires certain practices, as does learning how to wash sweaters to prevent damage, how you care for your tights will be a huge factor that impacts their longevity. According to experts we spoke with, the following tips can help prevent rips in your tights. “Look for a high denier count — ideally something between 60 and 100 denier.” Not familiar with a denier count? These tights have a denier count of 80, meaning they’re on the thicker side and less likely to snag, according to our experts. For this story, she interviewed textile and clothing experts on how to prevent rips in your tights and researched highly rated options with high denier counts.
Persons: , Simon Elliott, , Elliott, you’ll, Grace Thompson, Thompson, They’re, Clifton, Bethany Heitman, TikTok Organizations: XXL, Hanes, NBC, Facebook, Twitter
My friend and I budgeted $10,000 to launch a pickleball paddle company. Our product, pickleball paddles, would be more expensive to produce. Keeping our business money separate from our personal funds seemed like a smart bookkeeping move — and it made us feel more legit. We're working with a product sourcing company, 330 Trading, which helps eCommerce businesses connect with factories to manufacture their product. Between prototypes and a shipment of 20 of our final product paddles (seven of which went to USAP for testing), we've spent about $1,475.
Persons: , I'd, we'd, hemming, hawing, USAP, we've, Kathleen Elkins Organizations: Service, Mercury, Shipping Locations: eCommerce, LA
BI has compiled a list of which AI robotics startups Bezos has backed so far, per PitchBook. Physical Intelligence is at least the third spatial intelligence startup Bezos has backed this year, according to PitchBook. Related storiesFigure AIFigure AI builds AI robots that can take over unsafe jobs from humans. Bezos invested in an undisclosed funding round in 2021, while Bezos Expeditions invested in its $24 million Series A funding round in 2020. Bezos Expeditions invested in the startup's $30 million Series E in 2017, $40 million Series D in 2015, $30 million Series C in 2012, $20 million Series B in 2010, $7 million Series A1 in 2009, and $5 million Series A in 2008.
Persons: Jeff Bezos, , Andreessen Horowitz, Bezos, OpenAI Organizations: Service, Khosla Ventures, Intelligence, The New York Times, Bezos Expeditions, New York Times, Sentinel, HAHN Group
More executives are seeking protection, a private security firm chief told The Financial Times. Steve Jones, the chief executive of security company Allied Universal, told The Financial Times that global political instability had created increased demand for security services. AdvertisementLast year, Alex Bomberg, chief executive of Intelligent Protection International, told Financial News that demand for executive security had doubled in 12 months. According to Allied's World Security Report, in 2022, companies lost more than $1 trillion in revenue due to physical security incidents. AdvertisementOne in four publicly listed companies reported a drop in their value after a physical security incident over the last year, the report said.
Persons: Steve Jones, Jones, We've, Allianz's, Mark, Sundar, Alex Bomberg, It's, that's Organizations: Financial Times, Service, Allied Universal, Fortune Business, Trump, Allianz Insurance, Palestine, Group, Web Services, Google, Business, Companies, Meta, Intelligent Protection, Financial News Locations: Israel, Washington ,, Germany
As Americans cast their votes in a history-making presidential race between former President Donald Trump and Vice President Kamala Harris, CNBC's Jim Cramer explained that few sectors are currently obvious winners or losers under either candidate's administration. "This presidential prognostication game is meaningless until we start hearing about cabinet appointments, those will tell us a lot," he said. Cramer first looked at tech giant Apple , noting that under the Biden administration it's facing an antitrust lawsuit from the Department of Justice. Trump has promised to significantly raise tariffs, especially on goods coming in from China. "When it comes to many stocks that seem obvious for one candidate or another, there's a Yin and Yang dynamic that doesn't get enough attention," Cramer said.
Persons: Donald Trump, Kamala Harris, CNBC's Jim Cramer, Cramer, Biden, it's, Trump, Yin, Yang Organizations: Department of Justice, Apple, Trump, Federal Trade Commission Locations: China
CNBC Daily Open: All eyes on U.S. elections
  + stars: | 2024-11-05 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. History forecasts a market rally after electionsHistorically, stocks have mostly risen after a presidential election, though there can be some short-term volatility. The three major U.S. benchmarks on average have almost always clocked gains between Election Day and year-end, going back to 1980, according to CNBC data. Markets slip ahead of Election DayStocks fell Monday as investors awaited the U.S. presidential election and Fed rate verdict later this week.
Persons: Wall, aren't, Stocks, Jeff Bezos Organizations: CNBC, JPMorgan, Fitch, Federal Reserve, Dow Jones, Nasdaq, Intelligence, Investors, Amazon, U.S, Conference Board Locations: U.S, Francisco
Amazon, Google, Meta, and Microsoft are expected to churn through $300 billion in capex next year. The spending spree is driven by generative AI and LLM opportunities, says Morgan Stanley. Earlier this year, Bernstein forecast Big Tech capex of more than $1 trillion over five years. Related storiesRelated Video How tech layoffs could affect the economyIn Morgan Stanley's new estimates, Amazon saw the largest increase in future spending. In 2026, Amazon capex will climb even higher, to $105 billion, according to Morgan Stanley estimates.
Persons: Morgan Stanley, Amazon's, , Bernstein, Morgan Stanley's, Andy Jassy, We've, Jassy Organizations: Google, Microsoft, Service, Big Tech, Tech, Amazon Locations: capex
Artificial intelligence tailwinds could mean more gains ahead for Celestica , according to Barclays. The investment bank initiated coverage on the stock with an overweight rating, and its price target of $91 implies nearly 26% upside from Monday's close. Not only that, Celestica's gains are bolstered by an upcoming upgrade cycle in hyperscaler bandwidth technology, which is where the company already has a leading market share, Wang also said. "CLS is strongly positioned in the 800G upgrade cycle, enabling hyperscaler customers to transition from 400G to 800G," he continued. CLS YTD mountain CLS, year-to-date Shares of the company have been on a massive rally this year, as the stock has gained more than 159%.
Persons: George Wang, Wang, It's Organizations: Celestica, Barclays, CLS, Google
The former head of Meta's Orion augmented reality glasses initiative has joined OpenAI to lead the startup's robotics and consumer hardware efforts. OpenAI has gained popularity for its viral chatbot, ChatGPT, but the hiring underscores its apparent efforts to move into building and selling hardware. Former Apple exec Jony Ive, who helped design some of Apple's most iconic products from the iMac to the iPhone, has also partnered with OpenAI to create an AI device. The startup focuses on "bringing general-purpose AI into the physical world," per its website, and it aims to do this by developing large-scale artificial intelligence models and algorithms to power robots. Kalinowski's first day on the job at OpenAI is Tuesday, Nov. 5, per a LinkedIn post.
Persons: Orion, OpenAI, Caitlin, CK, Kalinowski, Jony, Jeff Bezos, Meta Organizations: Apple, Physical Intelligence, Amazon, Lux Capital, Bond Capital, Meta, Orion, Pro Locations: San Francisco, OpenAI
For many Americans, election night is a chance to blow off steam after an intense few months of campaigning that included a last-minute candidate switch and two assassination attempts. The homebodies are also set to make their economic mark on election night. In 2020, one food delivery company showed sales increased 20% on election night compared to the Tuesday prior. With tensions high, the country is bracing for civil unrest after the election , writes BI's Katie Balevic. The 2024 presidential race is already the most litigated in history, with more than 200 pending preelection lawsuits across 40 states , writes BI's Natalie Musumeci.
Persons: , Insider's Juliana Kaplan, Kamala Kush, MAGA, rita —, Brian Williams, James Carville, Shepard Smith, BI's Lucia Moses, Williams, Jonathan Wald, Tim Paradis, ResumeBuilder.com, Katie Balevic, BI's Natalie Musumeci, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Amazon, Veteran, American Psychological Association Locations: Brazil, Colombia, Chile, South Africa, New York, London
New York CNN —Journalists from multiple news organizations have been denied credentials to former President Donald Trump’s election night watch event in West Palm Beach, Florida, in retaliation for their coverage of Trump’s campaign. Reporters at Politico, Axios, Puck, Voice of America and Mother Jones were among those denied credentials. Some, like Politico, had been previously granted access to the Tuesday night event only to have the decision reversed. But around the time Palmeri published a piece about “anxiety” within the Trump campaign, her credential was denied. The Trump campaign and his former administration have a history of revoking credentials for reporters, often in retribution over their coverage.
Persons: Donald Trump’s, Mother Jones, Tara Palmeri, Brian Williams, Trump, ” Puck, Jon Kelly, Chris LaCivita, , , ” LaCivita, , Sophia Cai, Aja Whitaker, Moore, Jim Acosta’s Organizations: New, New York CNN, Journalists, Politico, Axios, of America, CNN, Trump, Voice of America, Trump White House Locations: New York, West Palm Beach , Florida, White
Business Insider obtained a recording of Amazon CEO Andy Jassy's latest all-hands meeting. Jassy said Amazon's RTO policy is not a 'backdoor layoff' strategy. The RTO policy aims to strengthen company culture, not cut costs, he said. This is very much about our culture and strengthening our culture," Jassy said, adding that the only city Amazon notified ahead of time about its RTO mandate was Seattle. Amazon Web Services CEO Matt Garman said in a staff meeting last month that 9 out of 10 Amazon employees he'd spoken with were "excited" by the change.
Persons: Andy Jassy's, Jassy, Amazon's, , Andy Jassy, Matt Garman, there's, I'm, it's Organizations: Amazon, Service, Business, Web Locations: Seattle
Amazon CEO Andy Jassy denied speculation that the company's five-day in-office mandate was made to further reduce head count or appease city officials. "We urge you to reconsider your comments and position on the proposed 5-day in-office mandate," the letter said. The letter included anecdotes from AWS staffers who detailed how the five-day in-office mandate will impact their "life and work." Jassy acknowledged Tuesday that the five-day in-office mandate will be an adjustment for employees. WATCH: AWS CEO says employees unhappy with 5-day office mandate can leave
Persons: Andy Jassy, I've, Jassy, Matt Garman, Garman, he's Organizations: New York Times DealBook, Jazz At Lincoln Center, Amazon, CNBC, Employees, Reuters, Amazon Web Services, Seattle Locations: New York City
If you don't have cable, you can also live stream all five major news channels through various live streaming services. Check price at Peacock TVThose only interested in live streaming NBC can do so through Peacock. Notably, Prime Video will also offer its own election coverage, including Election Night Live with Brian Williams, which starts at 5 p.m. British folks can live stream the coverage for free through BBC iPlayer, which only requires account creation to use. Where to watch election results in CanadaCanada will also offer robust US election coverage, with options like CTV News offering updates and results to Canadians throughout the evening.
Persons: Kamala Harris, Donald Trump, we've, CNN —, Max, Max Max, CNN Max, Peacock, Brian Williams, ExpressVPN Organizations: Business, Democratic Party, Republican Party, ABC, NBC, CBS, CNN, Fox, MSNBC, FOX, Fox News, DirecTV, DirecTV Stream, Warner Bros, TNT, TBS, Peacock, Paramount, NFL, Nickelodeon, Comedy Central, BET, MTV, Showtime, Paramount CBS, Amazon, Amazon Prime, ABC News, NBC News, Reuters, Sky News, BBC, CTV, CTV News Locations: United States, Canada, Canada Canada
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