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]

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]

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]

John Giannandrea, senior vice president for Machine Learning and AI Strategy at Apple, is stepping down from his role, the company announced Monday. Amar Subramanya, an AI researcher who most recently served as a corporate vice president of AI at Microsoft, is now Apple's vice president of AI, the company said. Prior to his time at Microsoft, Subramanya was at Google.Giannandrea will serve as an advisor before retiring in the spring. This story is breaking. Check back for updates. ...

Core Insights - Omnicom has become the world's largest ad agency holding company following its $9 billion acquisition of Interpublic Group, which closed recently [1][3] - The merger is expected to generate over $750 million in cost savings, including 4,000 job cuts [2] - Omnicom's chairman and CEO, John Wren, emphasized that the merger will enhance the company's agility and scale, allowing for better commercial terms for clients [2][3] Financial Impact - The initial valuation of the stock-for-stock transaction was approximately $13 billion, but it closed at around $9 billion due to a decline in share prices of both companies [3] - Wren anticipates a quick correction in Omnicom's stock price due to the benefits derived from the acquisition [4] Industry Context - The advertising industry is facing competitive threats and the rise of new technologies, particularly AI, which is reshaping the landscape [5] - Wren believes that advancements in technology and unique databases will drive growth and enable performance-based compensation models [6][17] Job Security and Workforce Dynamics - The merger has led to significant job cuts, but Wren reassured that positions generating revenue and growth for clients would be prioritized for retention [10] - The company aims to complete the majority of job-related changes by December 15 to provide employees with a sense of security [12] Client and Employee Sentiment - The merger has energized both staff and clients, enhancing the perception of Omnicom as a business partner capable of delivering comprehensive brand experiences [13][14] - Wren noted that the company is focused on ensuring that employees feel secure and valued during the transition [11] AI Strategy and Competitive Advantage - Omnicom's AI strategy is designed to enhance efficiency and performance-based compensation, distinguishing it from competitors like WPP and Publicis [15][18] - The company claims to have the most elite dataset in the industry, which supports its platform strategy and enhances creativity [21][22] - Omnicom has established first-mover partnerships in generative AI, allowing it to operationalize technology rapidly and gain a competitive edge [20]

Core Insights - The PS5 is currently being offered at a $100 discount, making it a competitive deal especially after a recent price hike earlier this year [2][5] - Bundles are available from retailers like Amazon and Walmart, which include exclusive Fortnite cosmetics for both Digital and Disc editions [2] - The PS5 Slim Digital Edition is priced at $399, while the standard PS5 with a disc drive is typically $449, providing options for different gaming preferences [7][8] Pricing and Discounts - The PS5 Slim Digital Edition is discounted by 20%, from $499 to $399, while the standard PS5 is discounted by 18%, from $549 to $449 [7][9] - The PS5 Pro, which offers enhanced specifications, is available at a discount of 13%, from $749 to $649, appealing to high-performance gaming enthusiasts [11] Accessories and Additional Offers - The DualSense Edge Wireless Controller is discounted by 20%, now priced at $159.99, featuring customizable buttons and swappable analog sticks [13] - The PlayStation Portal, a handheld system for streaming PS5 games, is available at $178.99, reflecting an 11% discount from its original price [16] - The SteelSeries Arctis Nova 7P headset is offered at a significant 40% discount, now priced at $119.99, providing a good option for gamers seeking quality audio [19]

A Delta Air Lines flight from China to the US had to divert to Japan due to mechanical issues. Friday's Flight 388 took off from Shanghai at 5:46 p.m. and was supposed to land in Detroit some 13 hours later.However, less than two hours into the journey, the Airbus A350 began descending off the coast of Japan as it changed course for Tokyo. It touched down at Tokyo Haneda Airport around two hours after taking off.An airline spokesperson told Business Insider the crew "followed procedures to divert to Tokyo ...

Advertising agency giant Omnicom's $9 billion merger with fellow ad firm Interpublic Group officially got over the line last week. Now come the "synergies." Omnicom CEO John Wren said in media interviews on Monday that the total number of acquisition-related layoffs is expected to reach 4,000, with the majority of jobs to go by the end of December. A spokesperson confirmed the figure.The layoff accounts for about 3% of the company's combined head count of 128,200 as of the end of 2024, based on their regul ...

Nvidia has made a $2 billion investment in semiconductor design firm Synopsys, adding to the chipmaker's large web of AI-related investments. Nvidia said on Monday that it had purchased $2 billion of Synopsys common stock as part of a partnership to accelerate the development of AI for design and engineering applications."Our partnership with Synopsys harnesses the power of NVIDIA accelerated computing and AI to reimagine engineering and design — empowering engineers to invent the extraordinary products th ...

Core Points - Airbus's share price dropped as much as 10% due to a supplier quality issue affecting A320 aircraft components [1][2] - The company is inspecting all potentially impacted aircraft, although only a portion may require further action [2] - Market concerns about meeting delivery targets have contributed to the share price decline, with Airbus aiming for around 820 deliveries this year [3][4] Company Impact - The A320 family is crucial for Airbus, representing the bulk of its production and being the most popular aircraft in commercial aviation [4] - Airbus's stock opened at 201.15 euros and fell to 183 euros following the news, later recovering slightly to a 6.5% decline [2][3] - The company typically has a strong end-of-year delivery push, needing to deliver over 160 planes in December to meet its annual target [3][4] Regulatory Context - European regulators issued an emergency directive related to software issues affecting around 6,000 Airbus A320 jets due to concerns over solar radiation impacting flight control data [5]