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123 Cyber Monday Sales and Deals You Can Still Shop
Business Insider· 2025-12-02 22:33
Just because Cyber Monday is over doesn't mean you missed out. We've spent the past five days (and nights!) tracking some of the best deals of the year, and while some of the best Cyber Monday sales ended promptly at midnight, we were pleased to see so many of them extending their discounts through today.Some of the best ongoing deals we've spotted include 30% off a pair of Sony WH-1000XM5 headphones, the best overall headphones we've tested, and 55% off the Dyson V9 Motorbar vacuum. We're also still seeing ...
Amazon is speeding up its delivery with a new ultrafast test that arrives in 30 minutes or less
Business Insider· 2025-12-02 21:34
Amazon orders keep getting faster. The e-commerce juggernaut said Monday that it is making a big push into ultrafast fulfillment with new 30-minute delivery tests in Seattle and Philadelphia.Through the new service, dubbed Amazon Now, customers can choose from thousands of essentials, such as diapers, milk, pet food, electronics, and more, delivered right to their doorstep in under half an hour. In the Seattle test, Amazon workers pick and bag items at its warehouse, which are then handed off to Amazon Fl ...
Goldman Sachs says one of retail traders' favorite long-shot bets may be overhyped
Business Insider· 2025-12-02 18:33
Flying cars were supposed to be the wave of the future. A lot of retail traders are betting that's still the case. Over the years, names like Archer and Joby Aviation have garnered heightened interest from everyday traders wagering on the cutting-edge tech to revolutionize transportation. While retail has been early to other parties in the stock market, including EV makers like Tesla and space tech companies like AST SpaceMobile, Goldman Sachs thinks they might be overhyping the flying car trade. EVTOL— ...
OpenAI is feeling the heat from Google right now — for good reason
Business Insider· 2025-12-02 18:21
Two "code red" alerts — the first from a veteran tech giant worried about a buzzy AI upstart, the second from the AI upstart after the tech giant gained ground. What a difference three years can make.News of a recent Sam Altman memo to OpenAI employees, first reported by The Information, is reverberating around the tech world and highlighting the competitive heat it's facing as Google narrows the gap in the AI race. On Monday, Altman reportedly told OpenAI employees in an internal Slack memo that he was i ...
A longtime Amazon exec is jumping ship for OpenAI
Business Insider· 2025-12-02 18:04
A top executive announced on Monday that he had departed Amazon after 17 years to join OpenAI. Torben Severson, who served as chief of staff to Amazon's retail CEO Doug Herrington, said in a post on LinkedIn that he left the mega-retailer in October. Severson will now serve as Vice President, Head of Global Business Development at Sam Altman's AI company."Joining OpenAI at such a defining moment in technology is an opportunity I couldn't pass up," Severson wrote in his LinkedIn post. "I'm drawn to moments ...
BI readers told us their grocery bills keep going up. That's bad news for more rate cuts.
Business Insider· 2025-12-02 14:35
Sometimes you have to take matters into your own hands. The government shutdown ended a while ago, but there's been at least one lingering effect: a lack of inflation data.The last CPI report was for September and released way back on October 24. November's inflation report — sorry October, we'll catch you next year — was scheduled to drop December 10, but got bumped to December 18. But who wants to wait another two-plus weeks?Business Insider took matters into its own hands, surveying readers about how p ...
I tried on jeans at Old Navy, Banana Republic, and Gap. My favorite pair was super flattering and surprisingly comfortable.
Business Insider· 2025-12-02 13:52
Cooler temperatures have arrived, but my favorite part of the fall-to-winter transition is the style: cozy knits, chic boots, and layers that make every outfit feel effortlessly elevated. But of course, no wardrobe is complete without a good pair of jeans.Wide-leg silhouettes continue to trend, but I have yet to find a pair that hits all the marks: a flattering fit, high-quality fabric, and a classic yet versatile wash. So, I turned to Gap, Banana Republic, and Old Navy (all under the Gap Inc. umbrella) ...
AI Stock Picks: 2 Umder-the-Radar Names From a Top 1% Fund Manager
Business Insider· 2025-12-02 10:15
Investment Opportunities - Ryan Kelley, chief investment officer of Hennessy Funds, has outperformed 99% of peers over the last five years with his funds [1] - Kelley highlights Sanmina Corporation (SANM) and Dycom Industries (DY) as key holdings in the mid-cap fund, benefiting from the AI infrastructure boom [2] Company Insights - Sanmina manufactures essential components for data centers, with a market cap of approximately $8.5 billion [3] - The company recently acquired ZT Systems from AMD, enhancing its position in the industry, and trades at a forward P/E ratio of 35, slightly above the Nasdaq 100 average of 33 [4] - Dycom specializes in installing fiber optic networks, with a market cap of $10.4 billion and a forward P/E ratio of 45, reflecting a 93% stock increase over the past year [5][6] Market Trends - The demand for data centers and fiber optic networks is expected to grow significantly as hyperscalers invest heavily, with companies like Sanmina and Dycom positioned to benefit from this trend [2][6] - Kelley notes that even if AI's potential is uncertain, companies involved in the supporting infrastructure will still see growth [3][6]
Shopify experienced instability for hours on one of the busiest shopping days of the year. Last year, it handled $11.5 billion between Black Friday and Cyber Monday.
Business Insider· 2025-12-02 02:23
Core Insights - Shopify experienced a significant outage on Cyber Monday, impacting merchants' access to accounts and point-of-sale systems during a peak shopping period [1][2] - The financial implications of the outage remain uncertain, with the company directing inquiries to its status page for updates [1] - The outage led to a surge of approximately 4,000 problem reports at 11 a.m. ET, with additional reports following later in the day [2] Company Performance - By mid-afternoon, Shopify reported recovery efforts were underway after resolving issues with login authentication, although some disruptions persisted [3] - As of 9 p.m. ET, certain services, including Point of Sale, API & Mobile, and Support, were still experiencing degraded performance [3] - Shopify processed $6.2 billion in gross merchandise volume on Black Friday, marking a 25% increase year-over-year, with strong sales in cosmetics, activewear, fitness, and nutrition [3] Market Reaction - Following the outage, Shopify's stock closed down by 5.8% on Monday [4]
Costco sues Trump's tariff in bid to secure refund before Supreme Court ruling
Business Insider· 2025-12-02 00:47
Core Viewpoint - Costco is suing the US government to recover tariff payments made under tariffs imposed by President Trump, claiming these tariffs were unlawfully collected [1][2][3] Group 1: Lawsuit Details - The lawsuit targets the United States, the US Customs and Border Protection agency, and its Commissioner, Rodney S. Scott [1] - Costco is seeking a "full refund" of duties paid after tariffs were levied under the International Emergency Economic Powers Act [2] - The complaint references a previous case, VOS Selections, Inc. vs. Trump, which was heard by the US Supreme Court [2] Group 2: Legal Justification - The complaint argues that even if the Supreme Court rules the IEEPA duties unlawful, importers like Costco may not automatically receive refunds without their own legal action [3] - The necessity of this separate action is emphasized to ensure judicial relief for unlawfully collected tariffs [3] Group 3: Current Status - The situation is ongoing, with updates expected as the case develops [4]