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☆ We're debating our next steps on Estee Lauder as the CEO struggles to turn things around
▼ + stars: | 2023-11-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Estee Lauder (EL) has the dubious distinction as the worst-performing stock in our portfolio in 2023, and we're growing less optimistic about CEO Fabrizio Freda's ability to right the ship. Jim added he may consider selling Estee Lauder due to the uncertainty that lies ahead. Alongside fiscal Q1 results, Estee Lauder management cut its fiscal 2024 outlook suggesting the trajectory of getting back on track for China consumer demand growth will take longer than expected. Jim believes the Club has been patient and has given Estee Lauder the time required for inventories in its Asia travel retail business to normalize. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.

Persons: Estee Lauder, Fabrizio Freda's, We're, Freda, Fabrizio Freda, Jim Cramer, Jim, Lauder YTD, Tom Ford, Jo Malone, Estee Lauder's, it's, Lauder, hasn't, Jim Cramer's Organizations: Wall, Management, CNBC, daimaru, Getty Locations: China, Asia, Nanjing, Shanghai

☆ Choppy luxury waters lift Burberry turnaround bar
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

MILAN, Nov 16 (Reuters Breakingviews) - Stuttering consumer confidence is complicating CEO Jonathan Akeroyd’s attempts to revive Burberry (BRBY.L). Like-for-like retail sales in the quarter to end-September grew a dismal 1% at the UK maker of fancy trench coats, below analyst expectations of 4%. But brands attempting a revamp, like Burberry or Kering’s (PRTP.PA) star label Gucci, are likely to suffer more than rivals. Akeroyd sounded confident that new designer Daniel Lee’s first collection, which was launched in shops in September, will energise shoppers. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jonathan Akeroyd’s, Gucci, Daniel Lee’s, Lisa Jucca, Neil Unmack, Streisand Neto Organizations: MILAN, Reuters, Burberry, X, Alstom, Thomson Locations: China, U.S

☆ S&P 500 futures are little changed as traders hope to build on November rally: Live updates
▼ + stars: | 2023-11-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures were little changed Wednesday night as investors looked to extend November's hot streak. The S&P 500 and Nasdaq Composite climbed about 0.2% and 0.1%, respectively. Tuesday's session brought the biggest gains for the S&P 500 and Nasdaq since April. With November about halfway through, the S&P 500 is up more than 7% for the month, while the Dow has advanced nearly 6%. That's because the recent inflation data can imply the Federal Reserve is done raising interest rates.

Persons: Dow, Barbara Doran, Doran, Loretta Mester, John Williams Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Cisco Systems, Palo Alto Networks, Reserve, Dow, BD8 Capital Partners, Cleveland, New York, Walmart Locations: billings, Macy's

☆ David Tepper's Appaloosa raised its exposure to several big tech names — but not the most famous one
▼ + stars: | 2023-11-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Appaloosa Management's David Tepper upped his stake in a handful of big technology names in the latest quarter — with one notable exception, regulatory fillings show. Broadcom , Cadence Design and Marvell Technology were among other stocks that Appaloosa zeroed out in the quarter. KE was Appaloosa's only new holding in the latest quarter, but amounted to just a $37 million position. In fact, Tepper's top five holdings are all mega-cap tech names, according to InsiderScore. The Pitt and Carnegie Mellon grad raised his Meta and Microsoft holdings even more, each one almost a third larger by quarter's end.

Persons: David Tepper, Tepper Organizations: Meta, Microsoft, Nvidia, Securities and Exchange Commission, Apple, Broadcom, Cadence Design, Marvell Technology, Carolina Panthers football, Baidu, Holdings, American, Pittsburgh, Pitt, Carnegie Mellon grad Locations: China, Beijing

The pay bumps could help win over some employees who balked at smaller bonuses last year that they blamed on losses from the retail operations. The firm's allocation for bonuses fell by as much as 40% in 2022, according to another source, after earnings slid 48%. Wall Street pay varies widely based on performance and market conditions, and bonuses account for a large share of compensation - in some cases more than double an employee’s annual salary. Goldman was involved in several major transactions in recent months that spurred optimism about a nascent market recovery. WALL STREET BONUS SLIDEThe potential compensation gains contrast with expectations for a broader industry slide.

Persons: Goldman Sachs, Stephen Biggar, Goldman, David Solomon, hasn't, we're, We're, Julian Salisbury, Dina Powell McCormick, They've, Christopher Connors, WALL, Thomas DiNapoli, Sheffield, Banks, Natalie Machicao, Lananh Nguyen, Saeed Azhar, Megan Davies, Matthew Lewis Organizations: Argus Research, Wall, Goldman, Sixth, MSD Partners, Bloomberg, Natural Resources, Exxon Mobil, Arm Holdings, Johnson Associates, York, Sheffield Haworth, Thomson Locations: Biggar, Sheffield Haworth, New York

☆ Elon Musk started a price war that Tesla can't win
▼ + stars: | 2023-11-12 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Elon Musk has started an electric-vehicle price war that Tesla can't finish. In April, Ford CEO Jim Farley said Tesla's cuts could start an unsustainable price war. If it slides back into the red because of its price cuts, expect investors to run in another direction. In China, Tesla's price cuts even sparked protests among owners who paid more for their vehicles. Waging price war during a downturn is a challenge unlike any Tesla has faced before.

Persons: Elon Musk, Tesla, Mark Schirmer, crumb, John Zhang, Musk, —, he's, hasn't, — it's, Frederic J . Brown, Ford, John Lawler, Schirmer, I've, it's, Jim Farley, Elon, Oliver Zipse, Zhang, they're, they'd, Zach Kirkhorn, Linette Lopez Organizations: Cox Automotive, —, Revenue, Wharton School, Ford, BMW, Getty, GM, Mercedes, EV, Hyundai Locations: AFP, China

☆ England sign off with victory, Pakistan eliminated
▼ + stars: | 2023-11-11 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +1 min

England had already been eliminated after six defeats in seven matches in a debacle that has prompted demands for an overhaul of their one-day squad. Electing to bat at Eden Gardens, England racked up a solid 337-9, with three of their top four batters smashing fifties in their third 300-plus total of the tournament. Pakistan were all out for 244 in the 44th over and bowed out of the tournament after their fifth loss in nine matches. New Zealand have joined India, South Africa and Australia in the semi-finals. Reporting by Amlan Chakraborty in Kolkata; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Jos Buttler, Pakistan's Babar Azam, Nasser Hussain, Andrew Boyers, Jonny Bairstow, Joe Root, Ben Stokes, Amlan Chakraborty, Hugh Lawson Organizations: Cricket, ICC Cricket, REUTERS, Rights, England, Pakistan, New, Thomson Locations: England, Pakistan, Eden Gardens, Kolkata, India, Rights KOLKATA, New Zealand, South Africa, Australia

FRANKFURT, Germany (AP) — Despite the Patriots' 2-7 slump, coach Bill Belichick was in an unusually upbeat mood Friday as he hoped his New England team could enjoy the experience of playing against the Indianapolis Colts in Germany. Belichick and the Patriots have a 3-0 all-time record in regular-season international games — the last in 2017 — but haven't played in Germany. That's our goal.”The Patriots are looking for the first win outside their division this season as they play the 4-5 Colts. Belichick confirmed offensive tackle Trent Brown had not made the trip to Germany with the team. Belichick indicated he expected Jackson would be available following the trip to Germany.

Persons: Bill Belichick, Belichick, haven't, ” Belichick, “, We’ll, ”, he's, ” —, Trent Brown, — Belichick, J.C . Jackson, Jackson, ___ Organizations: Patriots, Indianapolis Colts, Washington, Los Angeles Chargers, New York Giants Locations: FRANKFURT, Germany, England, Mexico City, London, Frankfurt

☆ England eye 'proper performance' against Pakistan, says Buttler
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Nov 9 (Reuters) - England captain Jos Buttler said the team have shown a desire to "put things right" in India after a dismal World Cup campaign and are determined to secure a spot in the 2025 Champions Trophy with a top-eight finish. Ahead of the bottom three - Bangladesh, Sri Lanka and the Neteherlands - on net run rate, England head to Kolkata for their final match against fifth-placed Pakistan, who will host the next edition of the eight-team Champions Trophy. "We haven't performed the way we wanted to this whole trip and we'd like to leave India putting in a proper performance," Buttler told reporters. "Not playing for what we wanted to be playing for, but a really vital match for us in the grand scheme of things. Reporting by Chiranjit Ojha in Bengaluru; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Jos Buttler, haven't, Buttler, everyone's, Chiranjit, Peter Rutherford Organizations: Thomson Locations: England, India, Netherlands, Pune, Bangladesh, Sri Lanka, Kolkata, Pakistan, Bengaluru

☆ Russell's Brazil retirement no problem for last two races
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

Nov 8 (Reuters) - George Russell's engine-related retirement from last Sunday's Sao Paulo Grand Prix will have no knock-on effects for the last two races of the Formula One season, Mercedes said in a team debrief on Wednesday. The Briton was retired at Interlagos as a precaution after rising temperatures in the power unit risked failure and wider damage to the car. Mercedes head of trackside performance Riccardo Musconi said Russell was always scheduled to have a different power unit for Las Vegas and the Abu Dhabi season-ender. "He will be on a different power unit for the final two races so there is no issue from that point of view." Musconi said Hamilton's disqualification from second place in last month's U.S. Grand Prix in Austin for excessive wear of the under-car plank might have contributed to the lack of pace, without being the determining factor.

Persons: George Russell's, Mercedes, Riccardo Musconi, Russell, Abu, ender, Lewis Hamilton, Musconi, Alan Baldwin, Christian Radnedge Organizations: Sao Paulo, Briton, Interlagos, Las Vegas, Red Bull, Ferrari, U.S, Prix, Thomson Locations: Sao Paulo Grand, Las, Interlagos, Austin, London

☆ Bob Iger admits Disney's movies aren't all that good anymore
▼ + stars: | 2023-11-08 | by ( Madeline Berg | ) www.businessinsider.com time to read: +2 min

Bob Iger's second run as Disney's CEO has been mired with challenges. One of them: The movies his company has been making just aren't that good. AdvertisementAdvertisementDisney movies aren't the magic that they used to be — and Bob Iger is well aware. It's nice to see Iger admit what many fans of Disney's favorite properties — Marvel and Pixar, to name a few — already know. AdvertisementAdvertisementIger's plan to overhaul the film studio includes being more selective of both the sequels that get made and the new original movies Disney introduces, he said on the call.

Persons: Bob Iger's, —, Bob Iger, There's, Indiana Jones, Michael Nathanson, Iger, Nathanson Organizations: Service, Marvel, Pixar, Disney

Thankfully, there's a free Copenhagen vs. Man United live stream you can take advantage of tonight. Better yet, unlike many free Champions League live streams around Europe, this one will be broadcast in English as it comes from Ireland. Where to watch Copenhagen vs. Man United free from anywhereAs mentioned in the box above, an Irish TV channel is showing the game for free today. Then get stuck in and enjoy this free Champions League live stream. How to watch Copenhagen vs. Man United live stream with a VPNSign up for a VPN if you don't have one.

Persons: there's, you'll, they're, Stan, Stan Sport, ExpressVPN, you've, Stan Sport's, You'll, we've Organizations: Devils, Champions League, Copenhagen, Galatasaray, Bayern, Old, Europa League, Rugby, League, Virgin Media, BT Sport, TNT Sport, BT, TNT, Discovery, Amazon, Amazon Prime, United, Champions, Stan Sport, Sport, country's Champions League, Paramount Plus, Paramount, CBS, Netflix, PayPal Locations: Copenhagen, Europe, Ireland, Old Trafford, Irish, Australia, USA

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Market participants will parse commentary from Fed Board Governor Christopher Waller and New York Fed President John Williams later on Tuesday for more clues on the central bank's interest rate path. Among the 11 major S&P 500 sectors, energy (.SPNY) led declines tracking a 2% fall in crude prices on mixed economic data from China. Declining issues outnumbered advancers for a 2.30-to-1 ratio on the NYSE and for a 1.55-to-1 ratio on the Nasdaq. The S&P index recorded three new 52-week highs and no new low, while the Nasdaq recorded 12 new highs and 48 new lows.

Persons: Brendan McDermid, Dow Jones, Neel Kashkari, Austan Goolsbee, Sam Stovall, Christopher Waller, John Williams, Jerome Powell's, Stovall, Wall, advancers, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Federal Reserve Bank of Minneapolis, Chicago Fed, CFRA Research, Treasury, U.S, Fed, New York Fed, Dow Jones, Uber Technologies, Mongodb, NYSE, Thomson Locations: New York City, U.S, China, Bengaluru

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Federal Reserve Bank of Minneapolis President Neel Kashkari doused hopes of early rate cuts late on Monday, saying the central bank likely has more work ahead of it to control inflation. Market participants will parse commentary from Fed Board Governor Christopher Waller and New York Fed President John Williams later on Tuesday for more clues on the central bank's interest rate path. Uncertainty about the timing of potential rate cuts and some dismal corporate forecasts for the fourth quarter have cast a doubt on whether there could be a year-end rally for stocks. ET, Dow e-minis were down 106 points, or 0.31%, S&P 500 e-minis were down 14.5 points, or 0.33%, and Nasdaq 100 e-minis were down 43.25 points, or 0.28%.

Persons: Brendan McDermid, Neel Kashkari, Christopher Waller, John Williams, Jerome Powell's, Ipek Ozkardeskaya, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Federal Reserve, Federal Reserve Bank of Minneapolis, Treasury, U.S, Fed, New York Fed, Swissquote Bank, EBay, Dow e, Exxon Mobil, Chevron, Occidental Petroleum, Intel, Thomson Locations: New York City, U.S, China

LOS ANGELES (AP) — The Los Angeles Rams are signing quarterback Carson Wentz, a person with knowledge of the deal tells The Associated Press. The source spoke to the AP on condition of anonymity Tuesday because Wentz needed to pass a physical before the deal could be announced. Wentz has been out of the NFL this season after starting seven games last season for the Washington Commanders. The Rams (3-6) are in need of another passer behind Matthew Stafford, who missed Los Angeles' dismal loss at rainy Green Bay last weekend with a thumb injury. Los Angeles attempted to make it through the season with Stafford and Rypien as the only quarterbacks on their roster.

Persons: Carson Wentz, Wentz, Matthew Stafford, Brett Rypien, Sean McVay, Stafford, Stetson Bennett, John Wolford, Bryce Perkins, Baker Mayfield, Les Snead, Jared Goff, Goff, Nick Foles, ___ Organizations: ANGELES, Los Angeles Rams, Associated Press, NFL, Washington, Indianapolis, Rams, Angeles, Stafford, Las Vegas, Tampa, Bowl, Los Angeles, Eagles Locations: Los Angeles, Rypien, Georgia, Detroit, Philadelphia

☆ Stocks making the biggest moves midday: Hilton Grand Vacations, Paramount, Albemarle and more
▼ + stars: | 2023-11-06 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Hilton Grand Vacations — The stock declined roughly 7% after the lodging company said it would acquire Bluegreen Vacations for about $1.5 billion . Hilton Grand Vacations also posted its third-quarter results, posting revenue of $1.02 billion, down from $1.12 billion a year earlier. Berkshire Hathaway —The B-class shares of Warren Buffett's investment company fell nearly 2% after Berkshire reported its third-quarter results on Saturday. Constellation Energy — The energy company gained nearly 7% after raising its earnings guidance for the full year. The company anticipates adjusted EBITDA of $3.80 billion to $4 billion, while its previous guidance was $3.3 billion to $3.7 billion.

Persons: Raymond James, SolarEdge, Wells, Albemarle —, Berkshire Hathaway, Warren, Dan Eggers, Davidson, Yun Li, Alex Harring, Pia Singh, Jesse Pound, Tanaya Macheel Organizations: Hilton, Paramount Global, Bank of America, Albemarle, UBS, Berkshire, Dish, Constellation Energy, Dominion Energy, Barclays, Holdings, D.A, Booking Holdings Locations: Berkshire

☆ Harvard could face funding consequences if it fails to tackle antisemitism, says Bill Ackman in letter
▼ + stars: | 2023-11-06 | by ( Manav Tanneeru | Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Ackman, who met with a group of more than 200 Harvard students and faculty last week, said the university’s administration is not doing enough to protect them. “Harvard student disciplinary actions should not be outsourced to the police department,” he wrote. When contacted, Harvard directed CNN to earlier statements from Gay and Harvard’s Executive Vice President Meredith Weenick about community conduct. Ackman and others suggested there should be employment consequences for students who had signed the letter. In his letter, Ackman acknowledged the success of that message and suggested that Harvard administrators warn students of the potential consequences.

Persons: Bill Ackman, ”, Ackman, Claudine Gay, Harvard Business School Dean Srikant Datar, ” Datar, “, Harvard’s Slack, Meredith Weenick, Gay, ” Gay, Leslie Wexner, Abigail, Lawrence Summers, Clinton, ” Summers Organizations: New, New York CNN, Billionaire, Harvard University, Harvard, Israel, Harvard Business School, Harvard University Police Department, FBI, “ Harvard, CNN, Gay, Harvard Hillel, Palestinian, Elite, Wexner Foundation, Pershing Square Capital Management, Civil, Defamation Locations: New York, Israel, Gaza, Palestine, Harvard’s

☆ Opinion | Get to Know the Influential Conservative Intellectuals Who Help Explain G.O.P. Extremism
▼ + stars: | 2023-11-04 | by ( Damon Linker | ) www.nytimes.com time to read: +2 min

Some catastrophists take it a step further and suggest that officials might contemplate overthrowing liberal democracy in favor of revolutionary regime change or even imposing a right-wing dictatorship on the country. It includes respected scholars at prestigious universities and influential think tanks. That makes this a crucial time to familiarize ourselves with and begin formulating a response to these ideas. If Mr. Trump manages to win the presidency again in 2024, many of these intellectual catastrophists could be ready and willing to justify deeds that could well bring American liberal democracy to its knees. The essay set the tone of life-or-death struggle (and related imagery) that is common among catastrophists.

Persons: Trump, Michael Anton, Anton’s, Hillary Clinton “, ” Mr, Anton, Rudy Giuliani, Rush Limbaugh Organizations: Claremont, catastrophists, Republican, Claremont Institute, National Security Council Locations: California

☆ Fortinet, rivals tumble as dour forecast signals slowing cybersecurity spending
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 3 (Reuters) - Fortinet (FTNT.O) sank 23% and sparked a selloff in cybersecurity stocks with a dismal forecast that compounded fears of slowing client spending in an uncertain economy. Fortinet cut its annual revenue target on Thursday and said it expects current-quarter sales between $1.38 billion and $1.44 billion, below estimates of $1.50 billion, LSEG data showed. Growth is also slowing in some parts of the company's business as demand normalizes after two years of rapid growth during the pandemic. Overall, five brokerages downgraded the company and at least 14 analysts cut their price targets, pushing the median to $60, LSEG data showed. It currently trades at nearly 33 times its 12-month forward earnings estimates, compared with Palo Alto's 44.6 and CrowdStrike's 54.5.

Persons: Dado Ruvic, Raymond James, Keith Jensen, Samrhitha Organizations: REUTERS, Palo, Thomson Locations: Palo Alto, Bengaluru

☆ AI supply chain startup Tacto is set to raise funds from Sequoia. It's already in talks to bring in more cash.
▼ + stars: | 2023-11-03 | by ( Callum Burroughs | Tasmin Lockwood | ) www.businessinsider.com time to read: +2 min

Tacto, a small German AI supply chain startup, is set to raise new funding from US giant Sequoia and is already in talks with a different high-profile investor to raise another round. Sequoia is set to lead Tacto's Series A round, six sources familiar with the deal told Insider. Unusually, the startup has already begun talks to raise another round of funding in addition to the Sequoia deal. Tacto is also in talks with London-based Index Ventures to immediately raise another funding round, five sources said. Andreessen Horowitz led a seed round in tiny AI startup ElevenLabs in March, and is also in talks with months-old company Mistral.

Persons: Tacto, Andreessen Horowitz, Fintech, Hanno Renner Organizations: London, Ventures, Sequoia, Energy, nab, Cherry Ventures, UVC Partners, Club Locations: Sequoia, Munich, Berlin

☆ Fortinet, rivals fall on concerns around cybersecurity spending
▼ + stars: | 2023-11-03 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 3 (Reuters) - Fortinet (FTNT.O) sank nearly 18% and sparked a selloff in cybersecurity stocks with a dismal forecast that compounded fears of slowing client spending in an uncertain economy. The current losses, if they hold, were set to wipe out nearly $8 billion from the company's market value. Fortinet cut its annual revenue target on Thursday and said it expects current-quarter sales between $1.38 billion and $1.44 billion, below estimates of $1.50 billion, LSEG data showed. Overall, eight brokerages downgraded the company and at least 18 analysts cut their price targets, pushing the median to $59, LSEG data showed. Fortinet shares have risen nearly 18% this year.

Persons: Dado Ruvic, Raymond James, Keith Jensen, Samrhitha, Sriraj Kalluvila Organizations: REUTERS, Competition, Palo, Thomson Locations: Palo Alto, Fortinet, Bengaluru

☆ Jim Cramer blasts warnings from a competitor, says buy cybersecurity leader Palo Alto Networks
▼ + stars: | 2023-11-03 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Despite doom-and-gloom from a competitor around cybersecurity spending, Jim Cramer said Friday that it's the perfect time to buy industry leader Palo Alto Networks (PANW), considering the onslaught of recent high-profile hacks and breaches. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance In fact, companies need the services of cybersecurity specialists, Palo Alto, more than ever nowadays. On Oct. 20 , identity management company Okta (OKTA) said its support systems were hacked. Cramer said Palo Alto Networks stands to benefit. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: Jim Cramer, Fortinet, —, Jim, there's, Estee Lauder, we've, Tracey Thomas Travis, Linda Rendle, Cramer, Needham, Jim Cramer's, David Paul Morris Organizations: Palo Alto Networks, Palo, Boeing, Palo Alto, CNBC, Bloomberg, Getty Locations: Palo Alto, Fortinet, Alto, Palo, Las Vegas, cybersecurity, Santa Clara , California, U.S

☆ Stocks making the biggest moves premarket: Starbucks, Shopify, Roku and more
▼ + stars: | 2023-11-02 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Starbucks — Shares of the coffee giant jumped 5.6% after Starbucks' quarterly earnings and revenue exceeded analysts' expectations. The company reported third-quarter earnings of 24 cents per share, excluding items, on revenue $1.71 billion. Analysts polled by FactSet expected earnings of 15 cents per share on revenue of $1.67 billion. Qualcomm — Shares of the wireless tech company gained 5.6% after Qualcomm surpassed analysts' revenue and earnings estimates in its fiscal fourth quarter. Analysts had been expecting a loss of 40 cents per share on $2.09 billion revenue, according to LSEG.

Persons: SolarEdge, Shopify, FactSet, DoorDash, LSEG, Lyft, Airbnb's, Moderna, CNBC's Hakyung Kim, Jesse Pound, Michelle Fox Theobald Organizations: Starbucks, Truist, BMO Capital Markets, Guggenheim, Qualcomm —, Qualcomm, Wall Street, —, Moderna — Locations: New York

PITTSBURGH (AP) — Kenny Pickett threw a 3-yard touchdown pass to Diontae Johnson with 4:02 remaining and the Pittsburgh Steelers slipped past the Tennessee Titans 20-16 on Thursday. Tennessee rookie quarterback Will Levis played well in his second NFL start but couldn't match the electricity of his first, a four-touchdown masterpiece against Atlanta. The Titans said Burks had full movement in all his extremities, it was reported on the Amazon TV broadcast. The Titans responded to take a 13-10 halftime lead behind some poised play by Levis and Derrick Henry's unique brand of fury. Inside linebacker Cole Holcomb was carted off in the first quarter with what appeared to be a serious left knee injury.

Persons: — Kenny Pickett, Diontae Johnson, Pickett, Johnson, Jaylen Warren, Will Levis, Kwon Alexander, Treylon Burks, Burks, Matt Canada, Derrick Henry's, Henry, Jeffery Simmons, Folk, George Pickens, —, Nicholas Petit, Frere, Peter Skoronski, Daniel Brunskill, Andre Dillard —, Sean Murphy, Bunting, Montravius Adams, Cole Holcomb, ___ Organizations: PITTSBURGH, Pittsburgh Steelers, Tennessee Titans, Steelers, Jacksonville, Tennessee, NFL, Atlanta, Levis, Titans, Amazon, Petit, Tampa Bay, Green Locations: Levis, Tennessee, Tampa

☆ How generative AI's uncomfortable relationship with copyright law will determine the future of the industry
▼ + stars: | 2023-11-01 | by ( Riddhi Kanetkar | Tasmin Lockwood | ) www.businessinsider.com time to read: +7 min

Rights holders argue that AI using their work without a license should be considered "unauthorized derivative work" — an infringement of copyright law. Meanwhile, AI startups insist that their models comply with fair-use doctrine, which grants them some leeway to others' works. This month, Universal Music Group sued the AI startup Athropic for circulating copyrighted lyrics. He believes that future regulations may explicitly forbid AI data scraping. "They can train models on data that's not universally available to customers, and tell them it's licensed and compliant."

Persons: Eva Toorenent, who's, that's, Simon Menashy, Menashy, Ekaterina Almasque, OpenOcean Almasque, Getty, Sunny Dhillon, Harvey, Horowitz, Andre Retterath, GDPR, CCPA, Taylor, Swift Organizations: Universal Music Group, Getty, Harvard Business, MMC Ventures, Kyber Knight Capital, Nvidia, Earlybird Venture Locations: what's, Europe

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