The Snowflake Inc. logo, an American computing-based data cloud company that has a strong partnership with Salesforce, displayed on their stand during the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain.Joan Cros | Nurphoto | Getty ImagesData cloud analytics firm Snowflake on Wednesday raised its forecast for full-year product revenue, as it attracts more clients to its cloud platform owing to advancements in artificial intelligence.However, shares of the firm fell more than 7% in extended trading. D.A. Davidson analyst Gil Luria attributed the drop to the company not pairing the rise in revenue projections with a rise in margin…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailEric Beyrich, Sound Income Strategies Co-CIO, joins ‘Fast Money’ to talk the retail sector and what to expect from next week’s earnings.05:28Fri, Aug 16 20245:59 PM EDT Source link
Like many workers, saving for retirement wasn’t a priority for Mark Zimmermann. The 72 year old thought he’d always run the family dairy farm in Wisconsin, but that didn’t go as planned.”I struggled farming, I had too many disasters and was never able to put any money away,” Zimmermann told CNBC, speaking from an office at his current employer.He’s now working in the manufacturing industry, maintaining equipment and setting up the sizing for customized metal parts. On his feet at the machines on the factory floor is physically demanding so Zimmermann works part-time.More from Year-End PlanningHere’s a look at more…
Growing up, Payton Martin’s family went on a lot of cruises and she became fascinated with them. The now 23-year-old Oklahoma native says back then she’d dreamed about working and living on one.”I always wondered about what the guests don’t see and what was going on behind closed doors,” Martin tells CNBC Make It.Fast forward to the summer of 2021, Martin was getting ready to go on yet another cruise with her family. This one had been rescheduled several times because of the COVID-19 pandemic. Martin’s experience on that trip made her realize that if she was ever going to…
Elon Musk (L) and Donald Trump (R).David Swanson | Vincent Alban | ReutersFormer President Donald Trump said that Tesla and SpaceX CEO Elon Musk likely couldn’t serve in his hypothetical White House cabinet due to the demanding schedule of running his various companies.”He wants to be involved. Now look, he’s running big businesses and all that, so he can’t, really, I don’t think he could be cabinet,” Trump said of Musk in an interview with former Navy Seal Shawn Ryan, an excerpt of which was published on Sunday. “I’d put him in the cabinet, absolutely, but I don’t know how…
Taylor Swift performs onstage during “Taylor Swift | The Eras Tour” at Wembley Stadium on August 15, 2024 in London, England.Gareth Cattermole/tas24 | Getty Images Entertainment | Getty ImagesLONDON — Taylor Swift’s record-breaking Eras Tour may have led to a surge in restaurant and hotel bookings in the U.K. — but it’s unlikely to have a significant impact on the Bank of England’s rate cutting policy, one analyst told CNBC.The pop artist returned to Britain this week for five additional concerts to add to her total of eight shows at Wembley Stadium this summer — overtaking the record for any…
General race action during the Irwin Tools Night Race at the Bristol Motor Speedway. David J. Griffin | Icon Sportswire | Getty ImagesBaseball fans, start your engines.Major League Baseball announced Friday that NASCAR’s iconic Bristol Motor Speedway will host a regular-season MLB game for the first time next year.The game is set for Aug. 2, 2025, between the Atlanta Braves and the Cincinnati Reds. It will also be the first in-season MLB game to be held in Tennessee. “We look forward to celebrating our game with a wide array of fans, both on and off the field throughout the weekend, and highlighting…
Top Volkswagen and Xpeng executives pose at the German automaker’s launch event in Beijing, China, on Aug. 24, 2024.Bloomberg | Bloomberg | Getty ImagesBEIJING — Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China, Xpeng co-president Brian Gu told CNBC on Monday.He also said the partnership will help Xpeng’s global ambitions.Volkswagen in July 2023 announced a $700 million investment into Xpeng to jointly develop two electric cars for delivery in China in 2026. The vehicles will be based on the platform for Xpeng’s G9, a…
A photo shows the company’s logo on the headquarters of Danish biotechnology company Bavarian Nordic in Hellerup, north of Copenhagen.Liselotte Sabroe | Afp | Getty ImagesShares of Danish biotech company Bavarian Nordic jumped 13% on Thursday after it reported stronger-than-expected earnings and announced a bumper vaccine order from an unnamed European country amid the ongoing mpox outbreak.Bavarian Nordic reported second quarter revenues of 1.43 billion Danish krone ($213 million) and operating profit of 420 million krone, ahead of analyst expectations cited by Reuters.Shares were up 13% by 11:58 a.m. London time.In a statement on Wednesday, the firm also said it…
Nvidia (NVDA) has been at the forefront of the AI-driven market rally over the past 18 months, fueled by its leading position GPUs, essential for AI computation. However, as the market becomes increasingly sensitive to the enormous capital expenditures required to sustain this growth, investors are seeking more clarity on when these investments will translate into substantial revenue. With NVDA’s earnings due after the close Wednesday, there’s significant anticipation around whether the demand for AI-related hardware remains robust. For investors who want to remain invested for the long term, but are concerned about a short-term pullback on earnings, a protection…
